The One Mistake That Will Ruin Your Trading Results

There are a lot of mistakes to avoid when trading, but one mistake that will definitely ruin your trading results is cutting profits too short. Letting profits run is the flip side of the trading maxim to minimize your losses. Those two trading principles together are basically the …

Four Things Winning Traders Do That Losing Traders Don’t

A professional bitcoin trader is not identified by having multiple trading screens or highly complex trading strategies. Instead, what separates winning, professional traders from amateur, losing traders is the mindset they approach trading with and the actions they take to improve and refine their trading performance. To put …

How To Manage Your Emotions When Trading Bitcoin

Constant movement and action makes it easy to get caught up in sudden price action that takes place in the bitcoin market. Compared to regular stock trading – where there may be endless days where basically nothing happens – the bitcoin market provides the opportunity to increase (or …

How To Use Fibonacci Retracements – A Guide For New Bitcoin Traders

There are a number of different analysis techniques that can help you determine where the price of bitcoin is likely to reverse. One technique you should definitely consider using are Fibonacci Retracements. Fibonacci Retracements are levels that designate points where the price of bitcoin has a high probability …

Treat Trading As A Business, Not A Job

One of the best ways to improve your chances of success trading bitcoin is to treat your trading as a business. Way too many people approach trading like a visit to a casino, just taking gambles and hoping to win big or hit a jackpot. That way lays …

What You Need To Know About Day Trading Bitcoin

Let me start off by confessing that I personally day trade bitcoin almost everyday. And let me tell you why: It’s not because I think I’m an exceptionally brilliant trader, but rather the exact opposite. I essentially agree with those who say trading longer term time frames is …

How To Trade Bitcoin With The RSI Indicator

Testing different analysis techniques is essential to becoming a good trader. At some point during the testing phase all traders will explore the use of technical indicators – tools that reveal information about the price. One of the most popular groups of indicators traders test are oscillators. Oscillators …