I'm a beginner in trading and i want to share with you the basic knowdledge i got upon attending a course.
This post is just for begginners like me
Trading - there are 3 types of trading:
1. Swing Trading - you buy a coin when there is a downfall of at least 10-20% and wait for it to regain the value if left from
Recommeded for this type of trading: BTC, ETH, BNB, XRP, ADA
2. Day Trading - you buy a coin at let's say 1 A.M hold it until 1 A.M the next day when you sell it
Recommended to make 2-3 trades like this per day
3. Intra Day Trading (Scalping) - you make trading by buying low selling high whenever the chart is going down preferably
The recommendation is to invest allways at least 40% of what you've won in trading.
Use scalping for minute trading.
You allways want to trade upon Uptrend (the market allways goes upper then the last peak) or Downtrend (the market allways goes down then the last peak)...never trade in the Accumulating zone as you may never know if the market will go Up or Down and you might loose your money.
TIP - Never try Futures when the market is downtrading