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Showing posts with the label Getting started Trading

The search for the right trading knowledge begins

I started trading bitcoin and forex months ago and just dove right in.  This was a pretty crazy thing to do cause there is so much information on the net about forex and crypto trading that it isn't funny. The first thing I started to learn was candle sticks and candle stick patterns.  I spend at least a month trying to trade off of things like doji's with at least a 60% tail to body ratio and the like.  However this led me to frustration as every hour I would check the charts and look for a doji to trade on and sometimes this would only happen once in 24 hours. Being as I was not wanting to risk a huge amount of dollars on one trade, I wanted to be able to make about $100 a day from 1 or more trades a day. As I got tired of waiting for doji candles I started to research other candle stick patterns to trade on found some interesting patterns.  However trading most of these patterns also meant a lot of waiting for hours to make a trade. I realized I needed something more