That's when second order trading experience comes in. Most traders use near term resistance/support levels or moving averages or Bollinger bands. About this, your experience on technicals is key. Coupled with risk appetite, toughness of balls, you got to find your equilibrium.
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How much time is needed to be a trader. Is it full time watching and acting or can it be done within your everyday life?
That depends how smart u are. Really. As long as it takes for u to be comfortable with your demo performance without needing to shit your pants every now and then. If u can't achieve that with your efforts u can afford, just get some physicals or stable mining shares.
Thanks. I know you are watching our backs and appreciate that.