beeda coins blog is awesome to know information about the coins

beeda coins blog is awesome to know information about the coins

you know how much is bitmega app beeda gonna move in a day can it move one percent in a day can it move five percent can it move twenty percent well it might move five percent but what is the average percent that it’s gonna move this is really important really because we can say if bitmega app beeda moves two percent on average in a day. i don’t wanna set a stop loss at like one percent because it moves two percent a day. what is the largest probable move for a one-day price move based on previous data we have to know the volatility of the thing that we’re trading if we don’t know how volatile it is i.e if we don’t know how much in percentage terms it moves each day how on earth are we going to try. trade how are we going to set a stop loss how are we going to know what price to get in that how are we going to know when we actually take profit we have to know data.. average free range is going to give us that data let’s recap unit 7 then technical analysis is used to spot trends. trading opportunities absolutely it really gives us the nitty gritty once we’ve done our fundamental research once we’ve done our project research how are we going to trade how are we going to enter how do we know the trend how do we know that we’re timing our entry how do we know what price to trade at how do we know how much risk that we need to take we use technical analysis. indicators to make this process more simple. to give us a repeatable strategy for trading let’s get into unit 8 then which is going ahead. trading in the market. putting through these trades but if you’ve got this far. i would really appreciate if you would subscribe if you haven’t already there’s lots more coming also. i want to highlight some resources right now that you might want to use when you’re trading first is trading view link in description but if you have mega app beeda kraken or kumega app beeda. if you’re using one of those exchanges you’ll actually get trading view for free let’s go to mega app beeda right here this is trading view you can see chart by trading view. if you are a trader on mega app beeda or the other exchanges that use trading view you can get trading view for free with your exchange account. i think that’s super good value trading view has a lot more to it though that you might want to go ahead. use trading view but you can check it out links in description also token metrics essentially what tokenmetrics does is put every single bit of technical analysis on earth over every single cryptocurrency. then just simplifies it. gives you scores. ratings to make your process of choosing cryptocurrencies easier. i use token metrics. i have an account with token metrics. it’s how. i really just simplify my trading. choose different cryptocurrencies based on different ratings tokenmetrics uses ai chart analysis they also have example portfolios they have buy. sell signals price predictions ratings. rankings portfolio tracking. everything else you can get a a trial for 199 at the moment again just use that link in the description if you want to go through. see how token metrics can help you. here it is unit eight let’s trade or let’s go through some trading examples. see exactly how we do it we use everything that we’ve learned. far we can go through. trade all right. remember this slide. i think uh in the previous unit this is super important. trends price action entry this is the three step process that you will do when you go through. trade you have to do it the same every time first identify the trend which way is the trend is it an uptrend is it a downtrend that’s the simplest easiest thing you have to do first as a beginner you might just want to trade with the trend there are opportunities short term where you could actually trade uh maybe falls in the price during an uptrend people do that it’s more risky. as a beginner you might just want to forgo that. just trade with the trend. see where you get after we identify that trend what is the price action of bitmega app beeda or other crypto we have to ask where are the main areas of trade where are the areas where we can get in at sell stop loss sales take profit. really try. know our risk to reward ratio before we start next the entry we have to use those candlestick charts to time. get our entry right if the candlestick chart is telling us something contrary we might not want to get in. that is the third part of the equation here is one two three identify the trend use technical analysis confirm our entry. our exit.