as promised in my last post I will present a step by step tutorial about trading principles to help each participant in this community to pick better entry and exit points for their crypto currency exchanges or as a matter of fact any participation in markets of any kind.
The first segment will be a presentation called "A Traders daily plan"
it represents the parts necessary for a complete transaction
I will be going through each segment in detail
first you want to be watching the day prior to your evaluation of a possible transaction where the market is trading and follow a plan that you have established-it is important to keep the emotional side as small as possible which is achieved in clear planing and executing that plan and not be driven by high fluctuations of the market in real time that might evoke reactions that are intuitive -Since the market is based on counter intuitive behavior your gut instinct actions are most of the time wrong.
Establish a time horizon-meaning be clear about if you want to f.e. buy some steem with the intent to sell it for a profit within the next 3 months or rather the next three years- in short formulate a detailed plan of your objectives.
here are some details of a professional setup of a trader in the pic above-since i want to nourish beginners just as well as professionals simply feel free to ask questions about the mentioned examples and i gladly will answer those as best as i can
Things will be come more obvious throughout time of my posts and all aspects will be addressed
in short on the day before considering execution it is imperative to have the main components with a plan aligned-so you are aware what time frame you are trading,what instrument you are trading,you are checking that all your hardware is fully functional and all your software is working properly
and you have a detailed awareness of what criteria you are using with what kind of a tool set to be prepared to act upon the market conditions if those match your preset expectations
all newbies do not be overwhelmed this might seem like a handful at the beginning but the devil is in the details so this will all be explained thoroughly and advanced traders also do not worry this might seem rudimentary to you but there will be quite some advanced principle presentations that you might find worth your time since i have been doing this for over 25 exclusively.
RISK DISCLAIMER: All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don't trade with money you can't afford to lose.
NFA and CTFC Required Disclaimers: Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.
EARNINGS DISCLAIMER: EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEY USING THE TECHNIQUES, IDEAS OR PRODUCTS PRESENTED. EXAMPLES PRESENTED ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS.
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All information presented or any product purchased from this website is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This presentation is neither a solicitation nor an offer to Buy/Sell options, futures stocks or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. Get the advice of a competent financial advisor before investing your money in any financial instrument.