Is Ichimoku a Good Starting Point for Beginners?

Hey everyone, I'm new to trading and crypto. Got a hardware wallet and some funds, using CoinMarketCap to track everything. Lucky me, bought SOL at $20 lol! But my trading strategy knowledge is pretty weak. I tried to make a high-frequency trading bot with AI, but I can't figure out when to buy or sell to profit. I found a book on Ichimoku trading and wonder if it's worth buying.

Forget about coding trading bots for now. It's risky if you're just starting out. There are tons of strategies, not just Ichimoku. As a newbie, maybe focus on basics first? But hey, if you wanna try Ichimoku, go for it! Just use paper trading on TradingView before investing.

I’ve never really used Ichimoku but a buddy of mine swears by it. He’s been trading successfully for years now. I think grabbing that book could be a good idea. Honestly, AI trading bots seem pretty hit or miss. Most of them just break even and that’s not impressive at all.

Ichimoku’s too complicated and lags behind the market. You’ll miss out on key movements. Try out RSI, MACD, Volume profile, and Average True Range. Always pay attention to volume; it’s super important. And don’t forget to use stop loss orders!

It's all about your style. I started trading in 2020 without any clue. Made and lost a lot, but learned tons. I don’t trade much these days, maybe once a year. I feel like outside factors affect Bitcoin way more than charts do. So I just hold.

Before trusting a bot with your trades, you really need to know what you’re doing. You have to build your own strategy first. Otherwise, you won't be able to guide the bot properly.

I don’t get that Ichimoku thing either, but I think it’s key to balance technical analysis with fundamental analysis. They both help improve trading decisions. So maybe Ichimoku could be a decent starting point.

Are you even still holding that SOL? If you are, it’s probably less than what you had. Some of us got lucky buying in early, but how many still hold those coins? It’s tough to predict the market future.

Welcome to crypto trading! No strategy is foolproof. I’d suggest holding your assets long-term instead of jumping into trades right away. Ichimoku is mainly for experienced traders.

Nothing can perfectly tell you when to buy or sell. Holding onto SOL was a good move back then though. Just know that technical signals aren’t always reliable. Keep it simple.

Beginner's luck, huh? I regret not buying BNB when it was cheap. Same with Solana. Ichimoku can be useful, but just using it won’t guarantee profit. Mix it with other indicators for better chances.