Trade Bitcoin Trading

Learn Bitcoin Trend Reversal Strategies

A trader must create a bitcoin crypto currency strategy which they stick to when trading the online btcusd cryptocurrency market. A trader must have the discipline discipline to stick to the bitcoin crypto currency strategy at all times. That's why it is better to come up with trading strategies which are simple - profitable bitcoin systems will be much easier to follow & stick to. This is because one knows that by following the rules of their bitcoin crypto currency system they'll be successful.

A carefully designed trading strategy which has been back tested & proven to produce profitable results is one of the keys of becoming successful when trading the btcusd market. This type of strategy will make it easier for the trader to follow the guidelines of their bitcoin crypto currency strategy because they already know that the trading strategy is profitable, therefore keeping up the discipline to continue following the bitcoin crypto currency strategy will be much easier.

Successful bitcoin crypto currency trade strategies will also include:

1. BTCUSD Crypto trading equity management principles

2.BTCUSD Crypto Trade Psychology Mindset

These two will greatly improve the success of any cryptocurrency system.

However, Let us look at bitcoin price action method before narrating on bitcoin money management & bitcoin psychology.

Counter Bitcoin Trend Strategies

Counter bitcoin trend strategies are best used to place trades on major resistance and support areas where bitcoin price is likely to reverse. These are the support and resistance levels where bitcoin price has not broken before.

However, this strategy isn't the most reliable bitcoin method because trying to catch the btcusd market top or the btcusd market bottom is not the best strategy as the bitcoin trend may continue to move in the original direction of the bitcoin trend for quite some time.

This strategy should therefore only be used to trade bitcoin that rarely cryptocurrency trend. Traders can draw support and resistance levels of the bitcoin price range and they will then use these levels to open trades - traders will open buy cryptocurrency trades at the support level and traders will open sell cryptocurrency trades at the resistance level. For a range bound market the bitcoin prices will keep bouncing off these points and the traders will open trade positions and keep trading these bitcoin price bounces.

Bitcoin Strategies Tips

Once a trader has come up with their btcusd crypto strategy, they should also include the following so that to make their btcusd crypto strategy more successful.

1.BTCUSD Crypto Trade Equity Management Rules

2.BTCUSD Crypto Trade Psychology

BTC USD Crypto Trade Capital Management Rules

Bitcoin trading money management rules should be part of your bitcoin strategy - these rules will help you as a trader to manage risk. This means that you will use the 2 rules of bitcoin money management - these are risk : reward ratio and drawdown reducing method when placing your cryptocurrency trades to determine the lot size that you will open in the btcusd market. The most popular bitcoin equity management rule use in cryptocurrency & the one that you should also add to your trade plan is the rule that says one should never risk more than 2% of their trading account balance on any one single bitcoin trade.

To learn and know more about these 2 bitcoin crypto currency money management rules, traders should read the bitcoin money management guide that is on the learn bitcoin lessons section of this web-site under the bitcoin key concepts lessons.

Bitcoin Crypto Trade Psychology Mindset

In order for one to become successful when trading the bitcoin crypto market one has to learn about btcusd crypto psychology. The bitcoin psychology or mindset that is required to become successful in bitcoin trading is one that avoids the emotions of fear & greed while trading the btcusd market and is a mindset of total discipline that a trader will follow all their rules and their bitcoin strategy & only trade with signals which are generated by their bitcoin strategy. With discipline one will not trade unless their bitcoin strategy gives a signal. A trader will have the mindset of only following their bitcoin system 100 Percent all the time without second guessing the cryptocurrency system. A disciplined trader will also not open trade transactions in btcusd market just because the btcusd market has started to move up-wards or down, instead one will wait for a trade signal to be generated by their bitcoin strategy.

In order to know more about bitcoin psychology & how to manage emotions while trading the online cryptocurrency market a trader can read the bitcoin psychology tutorials from the learn bitcoin lessons section of this web-site under the bitcoin key concepts courses.

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