It is clear that you do not know what you are doing. And this will drastically increase an already high percentage in the speculation sector, which in the long run will lead to major financial problems.
Currently, you could be described as a “financial dreamer.” You are ignoring the function of money and its psychology. In this state, if I gave you an accumulation plan or a 100% effective “technique” (which does not exist), you would only have more debt and problems in the long run.
Let me answer you.
I’m not investing for long term in stock market and I’d highly not recommend any put their money in stocks for long term as you do not really know what will happen to the company tomorrow.
In Trading, like in Forex Trading, you only need 80% of technical analysis and 20% of psychology.
News/fundamentals always follow the technicals.
1. Opened a $500 USD demo account.
Made $41 USD in BTCUSD.
There is always a chance to lose. I don’t say that I will always profit.
The only goal in trading is to “minimise your losses , and maximise your profits.”
No strategy is 100% accurate but Im experienced only in Day/Swing Trade. It’s the only safest one out of all. It’s also what is highly recommended to beginners in Trading.
In trading forex or crypto, only one part of the Financial education is required, which is Risk-Management in real time.
And it’s not taught in schools of finance for Trading.
People are making Thousands in XAUUSD which is extremely volatile pair. Also, easy to scale up your account using it. But not recommend for beginners.
When I say news or fundamentals follow technicals, I can give one example. This last Friday GBPUSD was in area of interest, then news came out after half an hour of NYSE opening, it took around 1 hour to start the momentum, what was the news ?
Inflation fell by 1% and what happened ?
GBPUSD price went up quickly within 30 mins.
But the price was already in demand zone and made bullish structure on higher timeframes before the news came out.
It doesn’t require of you to learn whole stuff of financial education.
You only need one aspect of financial education for trading, which is “Risk Management”.
And technicals provide how to do a proper risk management on a trade.
For your information, I opened a $500 demo account, made $45 in BTCUSD within 1 hr. It was 1 hr scalp. I can post it if you want to see.
So brother, you don’t need to follow all stuff of financial education to do Trading