Going long or short is great, but timing is everything. I lost many trades because I entered too early. You should wait for a clear signal before clicking Buy or Sell. Don't rush into the market.
Thanks for the tips. I always check the FCA website to verify a broker's license. It is the best way to avoid scams. Don't trust the logo on their homepage only.
I think TradingView is the best platform for technical analysis today. It offers many advanced tools and global data that MetaTrader 4 does not have. Many people use TradingView to analyze the market and then use MT4 to execute their trades. This is a very common strategy for modern retail traders.
The market is the most honest teacher because it doesn't care about your feelings. If you are lazy and don't do your homework, you will lose your account balance very fast. There are no "participation trophies" or safe spaces in the world of professional trading. You must earn your profit through hard work and constant practice every day.
RSI is a very popular indicator. It helps us see if the market is too bought or too sold. When the RSI line goes below 30, it can mean the asset is oversold. This might be a good time to look for a chance to buy.
I believe in these days, most trader can create demo account easily but I never hear a Crypto exchange like Binance, OKX, Bybit, MEXC allowed trader to create demo account.
Yes, crypto is decentralized or unregulated, so many meme coins appear. Those are FIFO would earn the most. I don't like it, but I still invest in some projects.
I wonder if you can access hfm.com but in my country, I have to access through another domain. I think it's to fulfill the regulations in the territory but it's pretty annoying.