Simple Daily Crypto Trading Strategy for Beginners

[00:03] trade daily without overcomplicating things. I'll show you exactly what my strategy is and what I do every day to benefit from the markets, especially since we've been waiting for benefit from the markets, especially since we've been waiting for investments to succeed for months. If

[00:19] this is helpful, support me with a like and subscribe to the channel (see the subscribe link below). Welcome! Let me show you what I do to trade successfully and simply on a daily basis. trade successfully and simply on a daily basis. One of the biggest

[00:34] One of the biggest mistakes people make is complicating things unnecessarily. The moment things start to get complicated, know that you're on the path to failure, unfortunately. When things are simple, things will be fine, God willing. So let's start building

[00:49] the strategy together. The first and most important thing is to use a successful trading platform—one with liquidity and low commissions. Personally, I trade on the CryptoCoCommodity platform. I've been using it for a very long time. By registering through this method, you get a

[01:05] 20% discount. If you have another platform, this can also work for you as long as you have high liquidity and low commissions. Once you have these things sorted out and a platform is available, you're ready to trade. Let's move on to the steps you need to take.

[01:22] move on to the steps you need to take. First, choose the most suitable trading time, especially with cryptocurrencies. Trading hours, especially with digital currencies, can be tricky. Cryptocurrencies are a market that operates Cryptocurrencies are a market that operates 24 hours a day, but unfortunately, especially in

[01:36] times like these, when the market is influenced by global events, news, and other factors, you can easily fall into a trap if you start trading at the wrong time. The

[01:48] best time to trade is when the US markets are open and active. It doesn't matter where you are in the world; just trade according to US time. If you don't know the US market time or whether

[02:04] US market time or whether the markets are open, there are free websites you can use, like TradeOrzd.com. This is it, right here. You go in and see a green color in America, which means the American market is active. If you see a

[02:19] means the American market is active. If you see a yellow color, it means the market is closed. Scroll down a bit more carefully to see exactly if the market is active or not. You're interested in the New York Exchange and NASTC; they both work together. When it's

[02:33] open, it means the markets are active and the current time is good for trading. If we don't see the market current time is good for trading. If we don't see the market closed, stay away from trading because the market will move based on illogical factors, especially if you're trading on weekends.

[02:49] This is the biggest mistake you can make. I'm telling you now that we know the timing and the we know the timing and the best times to trade, it's time to choose the asset we want to trade. My secret to success, my friend, isn't because I open it for trading or

[03:06] friend, isn't because I open it for trading or know what I'm doing. No, my secret to success is because I have peace of mind and tranquility. Why do I have this? Because I only trade the currency and the asset I invest in. I will never trade based on orders. I don't have a "F" (a slang term for "I don't have a F" in Arabic),

[03:21] meaning I'm confident it will rise in the future. So why am I saying this? Because in trading, you'll make mistakes, you'll make errors, something might happen in the world that causes the market to crash, and you might not be aware of what's happening and get stuck in a trade. So

[03:34] instead of getting stuck in a trade and ending up with a loss, what do I do? I transfer that trade to my existing investment portfolio because I'm already invested in it anyway. For example, most of my trading,

[03:46] especially during times like these, is only in Bitcoin. I know that Bitcoin is a successful asset, so why would I lose on such a trade? That's how I work. So, my friend, when I trade something I'm already invested in, I'm not afraid of making a mistake. My only

[04:00] concern is increasing my success rate and repeating the right moves. And if I make a mistake, it's okay, I put it aside for a while and transfer it to my existing investment portfolio. It stays there for a week, two weeks, a month, two months. It doesn't

[04:12] matter how long the trade is stuck because I put it aside and I bring in new cash if needed. That's how I do it. This is the platform I work with, so my friend, I encourage you to do the same. Choose to trade only the things you invest in. This brings us to the trading platform.

[04:29] All you have to do on the chart is select the five-minute timeframe, place the Japanese candlesticks in front of you, go to the indicators, and add the RSI. The RSI settings for me, specifically because I'm working with Bitcoin, are 30 and 70. If it approaches 30, we're in an overbought (sold) market.

[04:46] 30 and 70. If it approaches 30, we're in an overbought (sold) market. If it approaches 70, If it approaches 70, or of course, goes above it, we're in an overbought (buy) market. A simple rule: 70 and above, don't speculate. Why? Because you're in a

[05:01] speculate. Why? Because you're in a very hot market. 30 and below are the best markets to trade in. Don't be afraid, even if things seem a bit scary in the market. If you see negative things, focus a little and examine the other things I'll tell you about today, because you'll be in the best

[05:17] time to trade. Then, let's take the moment we entered the market. Let's say we entered at a specific time. It's 7:30 PM, and I go back 24 hours. I zoom out, zoom out

[05:29] 24 hours back, approximately 7:30 PM. So, what do I do? I go here to the left and select "Regression Trend." I'm one of the people

[05:43] who use trends as a trading strategy. Trends are the simplest and most successful strategy. You'll see things are very simple, and trades will succeed very easily, just because

[05:56] you're following a few simple steps. We go to 7:30 PM yesterday, 24 hours go to 7:30 PM yesterday, 24 hours back, click on it there, and then we go to today. We did it like this. This way, it gave me the trend we're in. As you can

[06:11] see, the trend is currently downward. This is a sign, which is negative for trading. I know you're in a risk zone, but if you're here, you can continue trading. First, you can

[06:23] continue trading. First, you can trade short trends. For example, the trend might be downward, but then, as you can see, sometimes... Conversely, for you, there are two options: either wait for the price to close above, for example, here the price is currently

[06:38] 107, 107200, and it closes above 107800 and continues to rise, then you know the trend has changed and the time is right, or you go and trade at the lows of this

[06:51] trend using the strategy I'm about to give you. As you noticed, this is the trend we drew. If the price continues to rise, it will be outside the trend. To simplify things for you,

[07:03] all you have to do is go here on the left, select the line, and click on a the left, select the line, and click on a point on this trend line and a point below it, like this. You follow the blue lines that are on the trend line. This

[07:18] way, as you can see, the trend continues because it's not broken until it breaks. So, for you, if it comes out above the yellow line, this means its trend has changed and it has entered an upward trend, and you are in the right place.

[07:30] In the safest area for trading, or as far as we're concerned, when we enter, we only trade at the base of a trend. When the trend is down, we only trade

[07:43] at the bottoms. I'll tell you what that means later. Let's assume it starts to drop towards the bottom and reaches it. Is this a good entry point? All you have to do is look at the point we're at and then look at the RSI. If the RSI drops below 30, that's a good

[08:00] entry point. Personally, I enter at this point. When I enter the market, I enter with a portion of my capital, especially since we're in a downtrend. It's better, preferable, or riskier. So, you can test your capital, or

[08:12] divide it equally, or take a percentage. For example, I usually enter with 10% of my cash capital. This is one of the things I do. After we enter, I wait to see what happens. If it starts to

[08:24] rise, but then continues to fall further and further and returns... First, I enter at the bottom of the trend line, but at the point that's lower than my entry point, I re- enter with another 10% of my capital and hold on enter with another 10% of my capital and hold on until the

[08:39] price breaks above the red zone and enters the blue zone. The loss order at the dotted points on the

[08:54] points on the red zone. So, if it goes back down again, you've secured your capital and exited the market. The point at which you exit is when it reaches the upper yellow zone. You

[09:07] reaches the upper yellow zone. You bought at the lower yellow line and sold at the upper yellow line. This is how I work. We're trading on a trend; I buy at the bottom of the trend and sell at the top of the trend. If at the bottom of the trend and sell at the top of the trend. If you don't want to risk the market, which is currently down, it's okay. You don't have to trade

[09:21] every day. You can take a break and come back on the day the market break and come back on the day the market changes direction, or you can observe here. When it breaks above the yellow line, you'll know things are going well, and then you can re-enter the market. First of all, as you can

[09:35] and then you can re-enter the market. First of all, as you can see, trading doesn't always guarantee being right, and it doesn't always guarantee being present in the market. You can stay out of the market and wait for the best trading moments, or you can enter with a portion of your capital

[09:52] that allows you to make mistakes. Ultimately, all you need to do is accumulate an average entry point, which is all you need to do is accumulate an average entry point, which is lower, to give you the potential to increase your success rate. Along with the points I've given you so far, it's very important not to trade during specific

[10:09] moments. For example, you can open Coinglass and check the current price and what's happening in the market. If you see that the current price is very close to the Widget points (the high towers), these are your points. If it reaches them and you see

[10:26] things starting to pull back, know that there will be a downward pull in prices. These are not good moments for trading. When we're in the opposite zone to the right, we

[10:38] might see a price pullback, which is more positive. You might feel then that you're in the right place, that your time has come, that prices are rising, and that you're succeeding. With your trades, but unfortunately,

[10:50] you're succeeding. With your trades, but unfortunately, the information might be wrong simply due to luck, or as a result of the luck you find yourself in, the liquidity is trending upwards. Therefore, it is very important, if we are in the liquidity, of course, to be positive and stick to your exit points. Don't stay

[11:07] there longer than necessary because you will ultimately fail if you fall into the trap of greed. Unfortunately, there will be failure. That's one thing. Secondly, look at the news. See what's happening in the world. For example, open

[11:20] Tradenomxd.com. It has the most important economic events happening. Go there, select three stars, and see what events are happening and what time they are happening. Why? So you can avoid trading at that time. If

[11:33] you entered at 3:30 and want to start trading, but you know that an event is happening, which could be positive or negative, it's okay to wait a

[11:45] little while. Leave the market for five or ten minutes to absorb the result, and then return to trading. This way, you will see what is happening. I'm aware of the market, I avoid the confluence, and you'll be fine. Of course, if you're

[11:58] hearing negative news, like what we've seen in the last two weeks in the Middle East, this isn't the time to trade. It's a time for other things you can do. This is the simplest

[12:11] strategy we work with. If someone starts to overcomplicate things, adding stars to the sky and all those scribbles on the chart, understand that things will get complicated. Learn the

[12:23] things I told you about, and you'll see a much higher success rate compared to other strategies that have better performance. This is just one part of the same strategy, but with

[12:35] of the same strategy, but with different scenarios and different global situations. Check out my channel and review the videos. If you have more serious questions, leave a comment below, or come visit the academy. We're there and working. That's it, my friends. Again, the

[12:49] referral link is below in the description box. It offers a 20% discount on trading commissions. Take advantage of it, why 20% discount on trading commissions. Take advantage of it, why not? Thank you for your time, and goodbye.