⚠️ Before buying any currency or entering any trade.. read this!
🔍 7 MUST steps before entering any trade:
1️⃣ Check the general market direction
· BTC is king: If BTC is in a downtrend, 80% of currencies will follow
· Use EMA 50: If the price is above it → Uptrend, and if below it → Downtrend
2️⃣ Look for support and resistance zones
· Support: Buying zone (the price bounces back here)
· Resistance: Selling zone (the price struggles to break through it)
· Example:
· Buy at support
· Sell at resistance
3️⃣ Ensure trading volume
· High volume = real interest
· Low volume = unreliable movement
· Safe rate: Daily trading volume > 100 million dollars
4️⃣ Use the RSI indicator
· Above 70: Overbought (beware of buying)
· Below 30: Oversold (potential buying opportunity)
· Ideal level: RSI between 40 and 60
5️⃣ Set your goals and risks
· Risk/Reward ratio: no less than 1:2
· Example:
· Potential loss: 50$
· Target profit: 100$+
6️⃣ Always use Stop-Loss
· The golden rule: Do not lose more than 2% of your capital in a trade
· Example: If your capital is $1000, set Stop-Loss at a loss of $20
7️⃣ Avoid major news
· Do not trade before:
· Inflation announcements
· Federal decisions
· Elon Musk tweets
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🛑 5 conditions where entry into a trade is prohibited:
1. ❌ If you are tired or angry
2. ❌ If the market is in a narrow sideways range
3. ❌ If the RSI indicator is above 80 or below 20
4. ❌ If trading volume is low
5. ❌ If you do not have a clear plan
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💡 Final tip from the professionals:
· Start with a small capital (100-500$)
· Focus on 2-3 currencies only
· Learn from your mistakes (record every trade in Excel)
🌌 In conclusion:
"Trading is not gambling.. It's a science that requires strategy and patience!" 🧠
