07-13-2014, 09:41 PM
07-13-2014, 11:12 PM
Thanks. +rep added
07-14-2014, 12:09 AM
07-14-2014, 05:10 AM
Thanks for the share.
This is basically just a guide on how to "trade" bitcoin using candlestick charts and the news. Unless you are committed to learning the art/science/discipline of trading, I would give it a pass.
This is basically just a guide on how to "trade" bitcoin using candlestick charts and the news. Unless you are committed to learning the art/science/discipline of trading, I would give it a pass.
07-14-2014, 08:11 AM
Thanks' rep added.
07-14-2014, 04:39 PM
thanks rep added
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07-20-2014, 03:55 AM
Great Stuff TY Repped
07-20-2014, 05:44 AM
Thanks for the share! I'll concur with the poster who said that unless you're willing to learn the art of trading, it's probably best to pass on this one.
My review:
The primary method of trading in the book is Candlesticks. The book doesn't show the techniques, just links to some youtube vids. In my experience candlesticks can be pretty difficult to get down and be consistent with by themselves without other skills such as price action, support/resistance, and chart pattern recognition. The book tried to cover too many of them, imho. You really only need to know a few rather than a bunch of them. I only watched a couple of the vids, but to someone who knows nothing about trading or is relatively new to trading, jumping straight into candles is a recipe for umm.... getting burned?
The book also talked about trading news events. I'll withhold judgment on that section but be advised that news trading is pretty much a coin flip most of the time. You can make money over time trading nothing but news but without proper risk/trade/money management you'll probably not last long.
As with most self published books on trading, the most important aspects of trading are missing or flat out wrong. There is no talk about money, trade, or risk management. Also, as is with most self published books on trading, the focus is on the entry and not the exit. The exit is where you make or lose the money. The only talk about exiting was a vague paragraph.
Having said all of that, the info on bitcoins in general and where to trade them was informative and I'll be checking those out since trading bitcoins is something I've been looking into.
My review:
The primary method of trading in the book is Candlesticks. The book doesn't show the techniques, just links to some youtube vids. In my experience candlesticks can be pretty difficult to get down and be consistent with by themselves without other skills such as price action, support/resistance, and chart pattern recognition. The book tried to cover too many of them, imho. You really only need to know a few rather than a bunch of them. I only watched a couple of the vids, but to someone who knows nothing about trading or is relatively new to trading, jumping straight into candles is a recipe for umm.... getting burned?
The book also talked about trading news events. I'll withhold judgment on that section but be advised that news trading is pretty much a coin flip most of the time. You can make money over time trading nothing but news but without proper risk/trade/money management you'll probably not last long.
As with most self published books on trading, the most important aspects of trading are missing or flat out wrong. There is no talk about money, trade, or risk management. Also, as is with most self published books on trading, the focus is on the entry and not the exit. The exit is where you make or lose the money. The only talk about exiting was a vague paragraph.
Having said all of that, the info on bitcoins in general and where to trade them was informative and I'll be checking those out since trading bitcoins is something I've been looking into.
07-20-2014, 09:29 AM
Good lookinz. rep givenz to ya!