Trading Strategies for Beginners

By stvleong | Steven Leong | 18 Jun 2020


Before you get stuck into a complex world of highly technical indicators, concentrate on the fundamentals of a simple day trading strategy. Many make the mistake of thinking that you need a highly complex strategy to succeed, but often the easier, the more efficient.

The fundamentals
Incorporate in your strategy the invaluable elements below.

Money management — Sit down and decide how much you are willing to risk before you start. Most successful traders will not put over 2% of their capital on the trading line. If you want to be there when the wins begin to roll in, you must prepare for some losses.
Time management – don't expect to make a fortune if trading is only for an hour or two a day. You have to monitor markets constantly and look for commercial opportunities.
Start small – During a single day, stick to a maximum of three inventories while finding your feet. It's better to be good at a few than to be average and not make money on loads.
Education – It is not enough to understand the complexities of the market, you also need to stay informed. Make sure that you remain up-to - date with market news and events that affect your assets, such as changes in economic policy. You can find a wealth of financial and business resources online, which will keep you informed.
Consistency – it's harder than when you're five coffees and you've been staring at the screen for hours, to keep your feelings at bay. You have to allow math, logic and strategy, not nerves, fear or greed, to guide you.
Time – When it opens every day, the market becomes volatile and, while experienced traders can read patterns and profit, you should spend your time. You still have hours ahead, therefore, hold back for the first 15 minutes.

Every strategy needs components
If you're after automated day trading strategies or start-up and innovative approaches, you have three main components to consider: price, liquidity and volume. To make money on small price movements, it is vital to choose the right one. These three elements will help you decide.

Liquidity – allows you to enter and exit trades quickly at an attractive and stable price. For example, liquid commodity strategies would concentrate on gold, crude oil and natural gas.
Volatility – that tells you about your potential profit. The higher the price, the greater the benefit or loss. One such example is the cryptocurrency market known for its high volatility.
Volume – This measurement tells you how many times in a certain period the asset has been traded. This is better known for day traders as the 'average volume of daily trade.' High volume shows that there is a strong interest in assets or security. An increase in volume is often an indicator that either a price jump up or down approaches quickly.

Crypto traders normally spend 2-5 hours every day to digest, analyze and manage their trading strategies.

Exchanges Price Updates - Get the crypto-prices from the top market pairs from the top exchanges, globally.

5f881ce2bd9b9007eb8614de34dc668303a7d48bc1fb033ccf1370ffce611658.png  526108ab63e8b16b7c7440b781fdbb494a6215d740e9750111b7ee459ef7e971.png  952da388bae3159fa247cb507c0dc551f9265ad179cf5941b2c8443c2e555423.png

Losing investment sucks. Find an edge today with blockchain and exchanges analytics.

Feel the pulse by monitoring transactions of whales movement, blockchain wallets and transactions.

44d31629ab1f6508a97827a055be7ba5bdbbf1a7dcbc54b923ea8547ac733f1c.png 

2ca71a39aec8e683ea09acde071dc7835d99d9fbf679307b4b27186ce2b48025.png

aa83a6ff89408663941a7188386751f99dfe29d9de4960d4cd01738b4867844b.png

Crypto moves 24/7 365. Be the first to know the most important news and information in crypto.

Crypto News - It's good the know what is happening in the crypto industry globally.
Instant global crypto news, straight to your convenience.

8385fa98e589f6d3d9ad2859ae8a1f8a71b5c19a730c34eadfb444ee1ffdc72c.png

Influencer Social Media Highlights - Understand what these thought leaders says, without missing a beat.

0c1e6ebbec486552736a947cda016ecb669d5430b92da17cd283b1c462338dec.png

Solutions and how to get all this information right where you want it and how you could gain advantage by using this platform where you able to analyse, monitor and make better decisions.

I have found a platform which i highly recommend to all traders and investors to use which called Bitcurate LIVEFEED.
The company named Bitcurate which is based in Singapore is a data intelligence for decentralized finance that help better decision making through data-driven insights powered by AI and sentiment analysis.

Bitcurate believe that big decisions needs to be guided by unbiased, proven and reliable insights. Our team of technologists, data scientists, and quant finance uses machine intelligence and data science model to breakdown complex and assymetrical information globally, removing noise and generating alpha giving you that unfair advantage, today.

Visit their website to know more: https://bitcurate.com

If you are the person who are interested with this platform, do check out Bitcurate LIVEFEED. It provides real-time data.
I'm using it now and it safe me a lot of time hustling around looking for better platform and analyse the data as well as checking crypto news from various sites where i could now make decisions when doing my crypto trading right in Telegram using Bitcurate LIVEFEED.

Have a try ! You have nothing to lose. By the way, they give it for free. Think about strategy and how you could make better decisions for your trade and you will be on your way to gain more profit from it. Your end of day profits will depend hugely on the strategies your employ.

Check out the link below.

Bitcurate LIVEFEED: Price Alerts
✅ https://t.me/bitcuratealerts
Crypto-prices-alerts; exchanges order books analysis, blockchain tracking and more!

Bitcurate LIVEFEED: News Update
✅ https://t.me/bitcuratelivefeed
Crypto new updates; latest global crypto news, influencer social media analysis and more!

 

 

How do you rate this article?

96


stvleong
stvleong

I'm a Digital Marketing Lead | Crypto Trader | Affiliate Marketer and love to write posts related to crypto and anything that is interesting.


Steven Leong
Steven Leong

Passionate and love to write articles related to crypto news, articles, guides, reviews, price predictions and more. Follow me and like my post.

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.