If you asked 10 people about their strategy you would find one consistent trader among each 10 people. 9 out of 10 people in trading end up losing money after few months, weeks or even days.The only person who keeps making money from the Stock / Forex / Crypto market is the smart trader and not a gambler. If you want to make money from any market, you must shift your mindset to become more of a trader / investor than a gambler. Gambler might make some profit on the short or even the medium term but sooner or later they end up with losses. Protip: If you are trading on Forex, S&P 500, Nasdaq, TSX, Exchange İstanbul, I strongly recommend you to use EngineeringRobo on 1W candlestick charts. Not recommending any other time frames.
You are an investor / trader, not someone who can predict the future. Base your decisions on real facts and analysis rather than risky, speculative forecasts. Never do something because others say so. Trust yourself but be open and flexible to learn from experts. Become stronger, become a wolf, not a sheep.
Bear markets can last as short as three, six, or nine months or as long as two or, in very rare cases, three years. So, there really is a right time and a wrong time to buy a crypto, but understanding the difference requires some study.
Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.
The forex brokerages displayed shall disclaim the overall performance of traders in their platforms.
Oanda warns that 76.8% of retail forex traders lose money trading CFDs.
XTB warns that 80% of retail forex traders lose money trading CFDs.
FXCM warns that 74.74% of retail forex traders lose money trading CFDs.
There is no overnight success in the trading life. Let me remind you one of my favorite old stories :A Harvard professor once asked his students to do a special report on fish. His scholars went to the library, read books about fish, and then wrote their expositions. But after turning in their papers, the students were shocked when the professor tore them up and threw the min the waste basket. When they asked him what was wrong with the reports, the professor said, “If you want to learn anything about fish, sit in front of a fish bowl and look at fish.” He made his students sit and watch fish for hours. Then they re-wrote their assignment solely on their observations of the objects themselves. Being a student of the market is like being a student in this professor’s class: if you want to learn about the crypto market, you must observe and study the major indexes carefully. In doing so, you’ll come to recognizing how the daily market averages are changing at key turning points—such as major market tops and bottoms—and learn to capitalize on this with real knowledge and confidence. EngineeringRobo speaks for itself; Less is More!.