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How to choose a broker to start investing in shares or funds? |
Posted by: deucher - 12-27-2023, 11:45 AM - Forum: Stock Market
- Replies (1)
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it was important to me that the stock exchange was not only reliable, but that the conditions in it were very pleasant for trading and carrying out operations. For example, there was once an exchange, the name of which I have forgotten, but it was not popular, but it had good enough terms of use, and I decided to try to invest through it. As it turned out, in the end, they did not comply with these conditions, because they constantly took an additional commission that was not mentioned before. And what are the main signs of choosing an exchange for you?
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How to determine your budget for investing in the stock market? |
Posted by: deucher - 12-27-2023, 11:41 AM - Forum: Stock Market
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When I started my journey on the stock market, I didn't know what the optimal amount would be for me to start buying the first shares. So I often bought too much and could not allocate funds to all the assets that I was interested in, as well as to other projects in other areas. Then I made a conclusion for myself that it is necessary to invest 10 percent of the profit, but then it turned out to be not enough, and when the shares grew, I earned too little. Therefore, I limited myself to only the most popular shares in which I invested most of the profit, and when they grew, I already had a solid amount
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How do you determine the optimal position size for each trade? |
Posted by: deucher - 12-26-2023, 06:50 PM - Forum: Trading (Stocks/Forex/Crypto)
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For me, for example, it was once a very difficult topic, because I thought that it was possible to invest a fixed amount in each position and that was all, but later it turned out that for each transaction you need to select a separate percentage of the balance in order not to lose all the funds. For example, I have this now: I first review how volatile the asset is, if it is more than the average, I allocate less than 5 percent to the deal, because if I lose it, it will not be so noticeable. But then in order to recoup this loss, I need to find a deal on an asset where the volatility is not so high and in the result of which I will be confident, and then I open a deal with a ratio of 1 to 3
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How do you feel about the concept of "HODL" and in what situations do you use it? |
Posted by: deucher - 12-26-2023, 06:45 PM - Forum: Cryptocurrency, NFT, Metaverse
- Replies (3)
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When I got into the field of cryptocurrency, for some reason I relied on fast money, because then many coins literally in a day could grow by 30-40 times and everyone was talking about it, so I thought that I could invest like 20 dollars and withdraw 10 times more in a couple of days but, unfortunately, not everyone is lucky, that's why I didn't lose money, but I didn't earn either. And I realized that not everything is so simple and it is necessary to deal with it in detail in order not to lose money in the future. This concept is now the only way for me to make money by investing in coins, because now coins like Ripple or Solana will not grow into dozens in a couple of days, and I don't have the time or desire to invest in anonymous projects that can do that, because most of them are scams .
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How do you interact with the crypto trading community? |
Posted by: deucher - 12-26-2023, 06:40 PM - Forum: Cryptocurrency, NFT, Metaverse
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When I started my journey in cryptocurrency, I was not a complete novice, because I came after many years of trading on forex, so I thought it would be easy for me, but unfortunately it did not happen, because in cryptotrading, many similar things are possible, but not in general cryptocurrency. I had to learn a lot about how exchanges work, how you can invest funds to get passive income, and also about investing in new projects that are still in the development stage. Therefore, people who have invested in it for many years helped me a lot. And these were simple Twitter users who shared information with me for free.
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How do you choose between a long-term and a shortterm cryptocurrency trading strategy |
Posted by: deucher - 12-26-2023, 06:36 PM - Forum: Trading (Stocks/Forex/Crypto)
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For example, I once did not have the patience to open a trade on an hourly timeframe and wait for the trade to close more than a day ago, I analyzed only 5 and 10 timeframes to open a trade for an hour and no more. But over time, I realized that the price is more understandable when investing for a long period, even more than for a day. Now my trades last 12-15 hours on average and at the same time I have increased the percentage of profitable trades. Although sometimes I can gamble on smaller timeframes to make quick easy money.
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How do you choose and evaluate ICOs for investment? What criteria are important to u? |
Posted by: deucher - 12-26-2023, 06:33 PM - Forum: Cryptocurrency, NFT, Metaverse
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I would like to say that I am not very experienced in this topic and cannot give advice, so I would like to hear how you choose projects for investment. For example, when I took part in my first project, it turned out to be a failure for me because I trusted an unknown platform and also did not analyze the project, which turned out to be of no interest to anyone. I usually did not have my funds stolen and the project was actually released on the stock exchange, but it was not popular, so I lost 60 percent of the invested costs. And what criteria are important for you to be sure that you can invest in ICO?
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What indicators and analytical tools do you use for technical analysis in the forex? |
Posted by: deucher - 12-26-2023, 06:29 PM - Forum: Trading (Stocks/Forex/Crypto)
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For me, the forex market was the beginning of my trading career, and I started with technical analysis. Now I don't use it anymore, because I found other methods for myself, but then one technical analysis was not enough for me and I used various free indicators that helped me open loans. at the right point. For example, I used vertical volumes that allowed me to see the mood in the market and whether buyers or sellers prevailed. Do you use indicators and how much do they help you?
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How do you analyze and react to large price swings in the cryptocurrency and forex ma |
Posted by: deucher - 12-26-2023, 05:33 PM - Forum: Trading (Stocks/Forex/Crypto)
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For my strategy, such fluctuations are very necessary, because this is exactly what I earn, but they cannot always be predicted and they can happen at the moment when you have already opened your position. Do you have a strategy on how to understand that a rapid change in price may happen soon? Or when it has already happened, what exactly are you doing with your position? Do you need to close immediately or maybe the price will make a momentum in your direction and you will earn even more?
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How do you feel about automated trading systems compared to manual trading? |
Posted by: deucher - 12-26-2023, 02:54 PM - Forum: Trading (Stocks/Forex/Crypto)
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When I just finished with Forex and decided to fully focus on the topic of cryptocurrency, it was interesting for me, but then when I did research and came up with results that showed that these robots almost always traded in the red, I concluded for myself that they are not worth investing. Have you had experience with these types of technologies and have you been able to make money with them?
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