It was about 3-4 months ago when I heard the word trading. Before that I had no idea what trading was or what it did. Gradually when I started learning about it on YouTube, a different attraction was working towards this trader. Trading is not an easy thing at all, but trading seemed like a lot of fun to me. A few days later I opened an account at Binance. There was no need to do KYC account then. So it didn't take long to open an account. On the same day I deposit 10$ on Binance . 10$ is the minimum trading amount. Cannot trade below 10$.
I did the first trade of my life with XRP coin. Although there was no reason to trade with it, since I was new then I bought it without understanding it and at the end of the day I sold it again at a profit of 2$. When I made a profit of 2$, I became more and more attracted to this trader. Then I don't think it was a profit or a loss. If you trade without understanding it is definitely nothing but stupidity. I think that the first day that I got 2 $ maybe I bought it at the low of that day and sold it. The market was probably on the uptrend then, so in 1 day I had gained almost 20% of my portfolio.
When I first started trading I had no idea about support, resistance. Gradually I realized that the market is all about support and resistance. And this is the funniest thing, the price of a coin you can imagine where to stop and where to go and start to rise. When trading, no one can say for sure whether it will actually go up or down. Above, below, I mean the price goes up and down.
Trading is not an easy task. There are thousands of people who are losing their hard earned money in this crypto market. And there are people who are making huge money from this crypto market. If you want to be like them, you have to study them like them. And in the beginning you will have loss, there will be a lot of loss, and this loss is the only way for you to learn. Not just trading, at the beginning of all the work you will fail again and again so you will be backwards to say ?
By the way, I said support resistance is all about the market, not that the market will always be above support resistance. There are many types of indicators to understand the market, one of which is RSI, which I use naturally. And the biggest thing is your analysis, no indicator will be bigger than your analysis.
