Post
Topic
Board Trading Discussion
Re: Trading advice for newbies
by
bayu7adi
on 08/01/2024, 08:18:30 UTC
2. Learn how to analyze chart
For those who prefer long-term trading, it's not necessary. Fundamental company analysis or related coin is sufficient... afterward, price fluctuations shouldn't affect emotions and decision making. I'm talking about trading for a period longer than 1 year, not day trading. Because, until now, the best practice in my opinion is to hold for a long time. Low risk, low effort... just make sure you have main income to survive.

Well..it doesn't mean I discourage people from analyzing candlesticks... go ahead if you need . However, for newbies, analyzing charts should be on  number 4. It takes a long process and a good sense for things like this.