
Most beginners who have already acquired a certain level of knowledge, or have their own experience in trading, know that active trading is a process that requires a sufficient level of training, knowledge and trading practice. Even if you have training, a certain level of knowledge and trading practice, the question arises what else you need to know to secure yourself from losses and start to increase your capital steadily.
In this article, we will look at the 3 main whales that keep a successful and profitable trade.
1. The first thing you should have 100% is a trading strategy. Trading strategy is a set of rules, following which you open trading transactions. For example, our team, Biko Trading, uses a breakout strategy and a false level breakout.
Example # 1 - breakout of the resistance level (level of $4196 in the chart).

Example # 2 - breakout of the trend line.

Of course, if your risk per trade is 10%, then after 5 unprofitable trades your balance will be reduced two times. You can learn on this page the exact way how to calculate the risk per trade.
There are three types of trend in the market:
Upward trend

Downward trend

Sideways trend

We have been actively trading in the cryptocurrency market for more than 7 years, and we have personally gone through the whole period from complete misunderstanding and losses to clear and structured trading with a stable income. Especially for you, we have prepared a completely free course that will help you gain basic knowledge and finally make it to the top.