MANGALAM TRADING

I want you to be a true, confident trader. This takes practice and patience to achieve, it won’t happen overnight.

The sole purpose of this course is for you to become an independent trader. Trading is a job, and nobody will do it for you, in an efficient way.

You are the only one knowing your goals, and the time, money, and resources you can put into reaching them. Only you can prepare and decide what you want to achieve from trading.

IS THIS COURSE FOR YOU?

This course is designed for beginners and for people interested in trading, in particular those with little to no knowledge about Bitcoin. This course is for people who have not bought Bitcoin yet but want to. And for those who maybe have bought a little Bitcoin on any exchange but do not know what it is or what to do with it.

This course is for ambitious people, who want to learn clear, practical things, and put them into practice. with the goal of gaining money for a living or as an investment alongside your job.

This course is meant to be complete, teaching basic concepts such as how to buy and store cryptocurrencies, but also chart analysis, manipulation, and advanced approaches such as emotions control and trading strategies.

Different types of traders:

The scalper

They use the lowest ranges possible, from 1 to 5 minutes.
They have to stick glued to their screen to see the action happening live in front of their eyes.
They get small gains but open a lot of trades, and the trades can go both ways meaning up or down.
The most stressful way of trading, but hey if It is your thing then go for it!

The day trader

They trade over the day and close their position when the sun goes down.

They usually trade with the hourly intervals, but can sometimes use the 15- and 30-mins chart.

This kind of trading can even work for a long-term trader who does not mind taking some day trades once in a while to keep his mind active in the market.

The swing trader

They hold their trade for a few days or a week. They use mainly the 1h, 4h, 1D timeframes. This again is a combination of a long-term position trader/investor.

The position trader / investor

These are the most patient traders. They keep their positions for weeks or months. This doesn't mean they don't have to check the chart at least once or twice a day. And neither's a reason to become careless. They use the 4h, 1D, W, M periods.

Which one should you be?

You can decide what trading strategy fits best for you by trying a bit of everything in the beginning.   

As you are learning you are probably inclined to go the scalper/day trader way: to practice as soon as possible.

Having a long-termed mind, patience, and a carefully planned strategy may be one of the best ways. This will profit you in the long run.