Explore my portfolio mix. Follow to see how I invest! I started with a small amount . as a trader we have to be Good mentors .The financial markets, particularly the dynamic fields of cryptocurrency and Forex (Foreign Exchange), offer considerable potential but also involve inherent risks. Their complexity and rapid evolution make navigation difficult for traders of all experience levels. In this context, mentorship proves to be an indispensable resource for deciphering these complexities, accelerating learning, and avoiding costly mistakes. This article aims to provide a comprehensive guide for effective mentorship in the crypto and Forex markets. It will explore the characteristics of a good mentor, the types of mentors to avoid, common mistakes made by mentors, considerations for those aspiring to become mentors, and the key times when seeking guidance proves beneficial.
1. Introduction to Trading Strategies Cryptocurrencies The cryptocurrency market, known for its volatility and potential for high returns, offers traders a variety of strategies to navigate its fluctuations. Among these, Spreading, scalping and hedging are three distinct approaches with different objectives and different mechanisms. Understanding these strategies is essential to effectively manage risks and potentially maximize profits. The Binance platform, one of the leading
$BTC Technically, various indicators and chart patterns might suggest a build-up of bullish momentum. However, it's crucial to remember the inherent volatility of the crypto market. News events, macroeconomic shifts, and even social sentiment can trigger rapid price swings. While the current conditions might look promising for a rally, prudent risk management and staying informed are always essential in the world of Bitcoin trading. The next few days and weeks could be quite telling for the direction of BTC's price. #BTCvsMarkets
#BTCvsMarkets That's an interesting development! If Bitcoin's market capitalization has indeed surpassed Google's, it could signal increased institutional interest and wider acceptance of Bitcoin as a significant asset. For Bitcoin futures, this could potentially lead to: • Increased trading volume and liquidity: More mainstream recognition might draw more participants to the futures market. • Greater price discovery efficiency: A larger market cap could contribute to more efficient price formation in the futures market. • Potentially more sophisticated financial products: The growing significance of Bitcoin might spur the development of more complex futures and derivatives products. However, it's also important to remember that the cryptocurrency market can be volatile, and regulatory factors can still play a significant role in the future of Bitcoin and its derivatives.
#BTCvsMarkets That's an interesting development! If Bitcoin's market capitalization has indeed surpassed Google's, it could signal increased institutional interest and wider acceptance of Bitcoin as a significant asset. For Bitcoin futures, this could potentially lead to: • Increased trading volume and liquidity: More mainstream recognition might draw more participants to the futures market. • Greater price discovery efficiency: A larger market cap could contribute to more efficient price formation in the futures market. • Potentially more sophisticated financial products: The growing significance of Bitcoin might spur the development of more complex futures and derivatives products. However, it's also important to remember that the cryptocurrency market can be volatile, and regulatory factors can still play a significant role in the future of Bitcoin and its derivatives. #BTCvsMarkets $BTC
Eth is looking weaker than Btc thanks to Gigantic move by BTC dominance. There was perfect breakdown from Head & shoulders patterns with clean bearish Retest.
Good to Scalp short at Current Price with Stoploss 1916$
Many market participants are knowledgeable of the fact that most popular markets close their doors on Friday afternoon Eastern Time in the US. Investors pack up their things for the weekend, and charts around the world freeze as if prices remain at that level until the next time they are able to be traded. However, that frozen position is a fallacy; it isn’t real. Prices are still moving to and fro based on the happenings of that particular weekend, and can move drastically from where they were on Friday until the time they are visible again after the weekend.
This can create “gaps” in the market that can actually run beyond your intended stop loss or profit target. For the latter, it would be a good thing, for the former – not so much. There is a possibility you could take a larger loss than you intended because a stop loss is executed at the best available price after the stop is triggered; which could be much worse than you planned.
While gaps aren’t necessarily common, they do occur, and can catch you off guard. As in the illustration below, the gaps can be extremely large and could jump right over a stop if it was placed somewhere within that gap. To avoid them, simply exit your trade before the weekend hits, and perhaps even look to exploit them by using a gap-trading technique.
1: In trading you analyse the market and Take trade at proper support or proper breakout while in gambling you Just Jump into a pumping coin like a running train either you fall or sit. (Huge risk)
2: In trading You will always wait for a perfect moment to Take entry While In Gambling you will try to short a pumping coin without knowing anything. It's like catching a falling knife if you failed to catch it perfectly it will cut your hands.
3: How to Find a good proper Trader to follow?
Always Look for the one who share charts analysis for you ( Having Name of channel on chart at the Top as you can see my All charts have #ESTR_TECHNICAL written at the Top left corner. because 99% Just copy paste other's
While the gambling channel will always delete stoploss trades. Because for them it's impossible to show 200%+ Stoplosses.
Just leave those who do this.
They are playing with your money.
Cheers 🍻 I hope all of you understand how to find a legit trader ✅
I am providing you daily 2-5 signals you should have to take all the trades. I always mentioned you about take profit and stop loss. Trail stop loss is necessary to make profit in crypto world. I always mentioned you to use 2,5or 10% of your wallet not use your full margin on a single trade because it will increase your risk .we always take trade about 1:2 to 1:3 means if our sl is 1% then our profit will be 2% or 3% . I am providing daily 2-5 signals with a risk reward ration 1:3 if our one trade hit our stop loss then we are in profit not in loss because when we get profit then it is three times greater then loss so not worried if one signal hit our stop loss
After 1st or 2nd target 🎯 done ✅ you should have to put stop loss on 1st target so that if trade gone wrong our sl hit but we booked our small profit
1) If you have $100, do not use 50% margin in trading signals. Use only $10 in each transaction ☑️
2) if you have $50, use $5 in each trade ☑️
3) if you have $200, always use $20 $15 in each transaction
4) if you have $300 always use $25 $30 as a single trade ☑️
5 ) if you have 500$ use in single trade like 40$ 35$ if you have 1000$ use 50$ in Very trade ☑️
6) Always book a target, you now very well, our first target is in every trade like 50% profit ☑️
7) When your trade gets to 50%, so you do, put the stoploss on the entry zone and hold it. If your trade reaches 100%, always put stoploss on 50% profit ☑️
If your only losing trade does not open another position 😊 VERY IMPORTANT