Trading system understand
Trading system understand
trading system is being called to how you get in and get of a trade. there are some major components in a trading system. it can be a combination of one or more factors.
some of them are below.
1. indicators
*Leading And lagging indicator
2. volume trading
*Volume confirms the trend of the chart
3 price moving.
*Price pattern.
*Major characteristics of a trading system*
1. Make it simple
2. easy to apply
3. system must provide profit in the long term run
4. Respect your system
5. Dont follow what other traders do. must be learned by them. not to copy. ( Very important ) By following other Crypto influencers in Social media you can loss your entire portfolio because they are just promoting and Earning money. they don’t care about quality of the project . in this case most of newbies to the crypto are lossing their money by following those influencers and buying what they recommend and loss the money.
Most of those influencers Charge more than $3000 Per 1 post from their Social media accounts.
With what I see today, newbies tend to follow the experienced ones. But what’s sad is that these mentors aren’t for real and many of them are fake ones that don’t really trade.
They teach the basics but they don’t do it in real life for their own trades.
They sell the courses and that’s how they make profit with. But if there’s something good and effective that you can follow or copy as an example to your own trading style, why not apply it on your own and if it results good? Why stop?