Rich96
@Rich96
investor for living
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Happy New Year 2025
Semoga Tahun ini menjadi awal Tahun kebahagiaan dan menuju puncak kejayaan , kesuksesan dan sukacita kita semua. Amin
$BTC #HappyNewYearBinance
Semoga Tahun ini menjadi awal Tahun kebahagiaan dan menuju puncak kejayaan , kesuksesan dan sukacita kita semua. Amin
$BTC #HappyNewYearBinance
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"Want to be a reliable trader? Try to avoid these 3 traps! ⛔️"
Trading can be profitable, but many traders (especially beginners) often fall into emotional traps that can destroy a portfolio. The three main traps that are often experienced are overtrading, revenge trading, and FOMO (Fear of Missing Out)
1. Overtrading: Excessive Trading Without Control
What is Overtrading?
Overtrading occurs when a trader opens too many positions without a good reason or without following a trading plan. It is usually triggered by greed or the desire to "chase" large profits in a short time.
1. Overtrading: Excessive Trading Without Control
What is Overtrading?
Overtrading occurs when a trader opens too many positions without a good reason or without following a trading plan. It is usually triggered by greed or the desire to "chase" large profits in a short time.
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When is the right time to trade in the market?
Best times for trading, converted to WIB (GMT+7) and GMT Time Zones:
1. Forex and Crypto Markets
• Forex and crypto are active 24/7, but their volatility is affected by global market session opening hours:
○ Tokyo Market Session (Asia):
§ WIB: 07:00 – 15:00
§ GMT: 00:00 – 08:00
○ London Market Session (Europe):
§ WIB: 14:00 – 22:00
§ GMT: 07:00 – 15:00
○ New York (American) Market Session:
§ WIB: 19:00 – 03:00
§ GMT: 12:00 – 20:00
Best Time (Market Session Overlap):
1. Forex and Crypto Markets
• Forex and crypto are active 24/7, but their volatility is affected by global market session opening hours:
○ Tokyo Market Session (Asia):
§ WIB: 07:00 – 15:00
§ GMT: 00:00 – 08:00
○ London Market Session (Europe):
§ WIB: 14:00 – 22:00
§ GMT: 07:00 – 15:00
○ New York (American) Market Session:
§ WIB: 19:00 – 03:00
§ GMT: 12:00 – 20:00
Best Time (Market Session Overlap):
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"How do I trade when the market is sideways? ➡️"
A sideways market occurs when the price moves within a certain range without a clear trend. This is a good opportunity to apply range trading, where you buy near the support level (bottom) and sell near the resistance level (top). Here is a simple guide that is easy to understand:
1. Understand Support and Resistance
• Support: A price level where demand is strong enough to prevent the price from falling further. Typically, prices often bounce off this level.
• Resistance: A price level where supply is strong enough to prevent prices from rising higher. Prices tend to stop or move down from this level.
1. Understand Support and Resistance
• Support: A price level where demand is strong enough to prevent the price from falling further. Typically, prices often bounce off this level.
• Resistance: A price level where supply is strong enough to prevent prices from rising higher. Prices tend to stop or move down from this level.
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Simple Scalping Guide for BTC/USDT
Scalping is a short-term trading strategy that aims to gain small profits from rapid price movements. The BTC/USDT pair is one of the popular choices for scalping because its high liquidity and volatility provide great opportunities. Here is a simple guide to scalping:
1. Prepare Tools and Platform
• Trading Platform: Use a platform that has fast order execution, such as Binance, Bybit, or KuCoin.
• Timeframe: Focus on small timeframes, such as 1 minute (M1) or 5 minutes (M5).
1. Prepare Tools and Platform
• Trading Platform: Use a platform that has fast order execution, such as Binance, Bybit, or KuCoin.
• Timeframe: Focus on small timeframes, such as 1 minute (M1) or 5 minutes (M5).
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"What makes successful traders different? Here's the answer. 🌟"
What Makes Successful Traders Different? 🌟
Successful traders are not just about how much profit they make, but how they think, act, and manage risk. Here are the key things that set them apart:
1. A Strong Mindset
• Successful traders understand that trading is a marathon, not a sprint.
• They do not get caught up in emotions when they make big profits (euphoria) or when they lose (frustration). They see losses as lessons, not failures.
2. Discipline Without Compromise
• Successful traders always follow their trading plan. They have rules about when to enter, when to exit, and how much to risk.
Successful traders are not just about how much profit they make, but how they think, act, and manage risk. Here are the key things that set them apart:
1. A Strong Mindset
• Successful traders understand that trading is a marathon, not a sprint.
• They do not get caught up in emotions when they make big profits (euphoria) or when they lose (frustration). They see losses as lessons, not failures.
2. Discipline Without Compromise
• Successful traders always follow their trading plan. They have rules about when to enter, when to exit, and how much to risk.
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"Why choose BTC/USDT to learn trading? 💡"
$BTC #MerryChristmas #Santarally
The BTC/USDT pair is one of the most popular in the crypto trading world. This is due to the combination of high liquidity and attractive volatility, which provides great opportunities for learning and profiting. Here are the reasons why this pair is a top choice:
1. High Liquidity
What is liquidity? Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price.
BTC/USDT has the best liquidity on almost all trading platforms due to its high trading volume. Bitcoin is the most dominant crypto asset, while USDT (Tether) is the most widely used stablecoin as a substitute for the US dollar.
The BTC/USDT pair is one of the most popular in the crypto trading world. This is due to the combination of high liquidity and attractive volatility, which provides great opportunities for learning and profiting. Here are the reasons why this pair is a top choice:
1. High Liquidity
What is liquidity? Liquidity refers to how easily an asset can be bought or sold without significantly affecting its price.
BTC/USDT has the best liquidity on almost all trading platforms due to its high trading volume. Bitcoin is the most dominant crypto asset, while USDT (Tether) is the most widely used stablecoin as a substitute for the US dollar.
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"Myth or fact? Trading is gambling! 🎲"
As someone who studies the world of trading and continues to learn with the community, the fundamental difference between trading and gambling lies in the approach, strategy, and mindset. Many beginners often consider both to be the same because of the risk of losing money, but in fact trading is much more complex and analysis-oriented.
1. Difference in Approach
• Trading: Involves data analysis, both technical and fundamental. Traders rely on tools such as charts, indicators, and economic reports to make informed decisions.
1. Difference in Approach
• Trading: Involves data analysis, both technical and fundamental. Traders rely on tools such as charts, indicators, and economic reports to make informed decisions.
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"Simple indicators that make beginners understand charts!
$BTC
Easy Trading Indicator with Moving Average and RSI
For beginners, understanding simple indicators such as Moving Average (MA) and Relative Strength Index (RSI) can be a good starting point for trading with technical analysis. Both are easy to understand, but very effective in helping you make decisions.
1. Moving Average (MA)
Moving Average is an indicator that calculates the average price over a certain period to help identify market trends. MAs come in two main types:
Easy Trading Indicator with Moving Average and RSI
For beginners, understanding simple indicators such as Moving Average (MA) and Relative Strength Index (RSI) can be a good starting point for trading with technical analysis. Both are easy to understand, but very effective in helping you make decisions.
1. Moving Average (MA)
Moving Average is an indicator that calculates the average price over a certain period to help identify market trends. MAs come in two main types:
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"Want to make big profits in a short time? 🤔 Wait, read this first before you regret it!"
In the world of trading, a realistic mindset is very important. Many traders, especially beginners, are often trapped in the illusion of getting instant results or big profits in a short time. In fact, successful trading requires consistency and a deep understanding of the market.
No one can guarantee extraordinary results for every transaction, which makes a realistic mindset important in trading. The most successful traders are usually those who are able to manage risk, avoid trading too much, and are not too hasty to make quick profits. The process, not the result, should be the main focus.
Consequences are more important than instant results. Traders will be more likely to achieve long-term success if they continue to follow a proven strategy and patiently wait for the right opportunity.
Trading is not a way to make money quickly; it is a process that requires skill, regular evaluation, and good emotional management.
A trader with a realistic mindset can face losses without panic, learn from every mistake, and move on. Remember that successful trading is about taking small steps regularly, not jumping so quickly to get instant profits.
Please Follow and Like so that I can be enthusiastic in writing about the correct mindset update in trading. Thank You
In the world of trading, a realistic mindset is very important. Many traders, especially beginners, are often trapped in the illusion of getting instant results or big profits in a short time. In fact, successful trading requires consistency and a deep understanding of the market.
No one can guarantee extraordinary results for every transaction, which makes a realistic mindset important in trading. The most successful traders are usually those who are able to manage risk, avoid trading too much, and are not too hasty to make quick profits. The process, not the result, should be the main focus.
Consequences are more important than instant results. Traders will be more likely to achieve long-term success if they continue to follow a proven strategy and patiently wait for the right opportunity.
Trading is not a way to make money quickly; it is a process that requires skill, regular evaluation, and good emotional management.
A trader with a realistic mindset can face losses without panic, learn from every mistake, and move on. Remember that successful trading is about taking small steps regularly, not jumping so quickly to get instant profits.
Please Follow and Like so that I can be enthusiastic in writing about the correct mindset update in trading. Thank You