How to Trade in Traditional Markets

Hello friends, thanks you very much for your interesting comments to my previous “Why Do You Like to Lose Money?” post. I’m happy to know that not all of you want to stay with status of “crypto enthusiastic trader” and you also want to use trading opportunities from traditional markets as well. It’s really good because if your REAL target is to make additional or the main income from trading, you MUST do logical things. They are simple: if the market does not give you good trading opportunities, you move to another. If it does, you come back. If your trading strategy does not work, you have to search for a new one and so on.

Also, I understand that for you may be it’s not simple to move in a new direction. You started with crypto from zero knowledge about trading. You followed fake experts, got fake experience and learnt fake knowledge. The crypto world created a lot of fake things around it when there was a great hype for crypto and people could buy, follow and use any low quality “products” and “services”. Of course with this knowledge it’s rather difficult to think about making profit in the traditional markets. You can't expect every pattern to confirm and every indicator to be right - It does not work like that all the time. That bull market where everyone was always right is over now. Maybe there will be a new one, but until then, it's time to trade the right way.
Because of the low quality knowledge and experience which you could get here and there from who knows what noob that thought he knows things because he got 5 charts right, you may have been pushed into a wrong trading workflow. Applying the same logic in the current situation and on real markets, every mistake will cost you money.

So, what should you do?

The 1st step you should start getting the right knowledge. For this you can read actually cool books from REAL legends with great experience and who are trusted by the financial community. I talk about legendary traders, investors who shared their knowledges, experience, trading strategies, tactics and tips in their books and courses.

The 2nd step is, you have to think about your trading goals and create a Trading Plan. What is a trading plan and why you need it, I can write in further posts. Also I made a webinar for this topic. You must have your trading plan where you will write all your steps in the financial markets and tools which help you to reach your goals.

The 3d step you have to find any workable trading strategy and start using it on demo accounts. Of course the best variant is when you design your personal trading strategy, but without good knowledge and experience it will be difficult to do. By using ready trading strategies from professional traders will give you more understanding of how to trade like a PRO.

The 4th step is to create your personal risk and money management strategies. Based on the trading strategies results' you will be able to think about your comfortable risk level and how to manage your demo capital properly. Also, risk and money management strategies must be included in your Trading Plan.

The 5th step - only here when you have everything in your arsenal like: Trading Plan, Trading Strategies tested in demo trading, Risk and Money Management Strategies, Knowledge and some Experience - ONLY AFTER THAT you can start real trading. Not at step 1. I insist!

You can write down these 5 steps, and if you will tell me it will take much time and efforts for starting trading and it’s better to buy super profitable signals from crypto guru and become rich quickly...

I will reply that these 5 steps are not perfect and it’s better to make 10 step in order to start from the beginning level and reach PRO level. These 5 steps are just a possible and logical road map if you decided to make stable profit in the financial markets. You will need several months for this, but opportunities which will be opened to you - they will surprise you.

Also I need to add a very important idea to this post. WHY TRADITIONAL MARKETS ARE SO COOL!
They have good infrastructure which can be used for automated trading. Crypto does not provide good terms for automated trading using the bots outside the raging bull market, but traditional markets are perfect for this.

You have professional trading platforms which can be improved by new indicators and trading robots. You have opportunities to realize in code a great number of trading strategies. The robots can trade for you when you sleep, when you are at your work or when you have a vacation. You will need only to monitor their work time by time. Trading robots allow you to join the traditional financial markets even when you don’t have knowledge, experience, time and wish to improve yourself as a trader or investor. Trading robots can become a real alternative of that 5 steps, but it's better to have them as a complimentary system to your future trading based on real knowledge.

I'll explain why:

This direction of trading is also interesting for those who have experience, knowledge and tools and who trade in profit already. Trading robots allow to diversify your trading, they can be added in any portfolio. Using a combination of manual trading, automated trading with robots will make your trading more stable and probably more profitable in long run.

Automated trading is a really good alternative for manual trading and if you want to learn more details about it, please write in comments. Also I will be able to write with more details why I think any crypto bot just a useless thing at this moment. Please, write in comments will it be interesting for you to know why I think so? Also, if you do not agree with me and you have other point of view, I will be glad to discuss with you in the comments - just don't be rude, there's no need for that.

Thank you very much for your attention!