It is too risky and you will lose that money if you go into trading without any knowledge, of course $500 capital is a large amount especially if you save for a long time while in trading you can lose faster.
Why not choose to invest in bitcoin instead? It will be safer and you only need to hold until the profit comes then with hodl btc there is no greater risk there.
Well if you want to start learning to trade why not with a small capital say $20 as a start where you can do that to learn, one more thing is not to trust channel signals most of them are scammers who manipulate.
Topic: Need help trading. - page 6. (Read 1129 times)
As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.
It is weird that you want to risk the money you have saved as a student for experimenting. You do not actually need real money for trading as a learner. Use virtual money in demo accounts and not real money I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis
Don't subscribe to signal groups as a beginner, even if you have to use it later, it should be when you have learn the basics of trading or have gained ample knowledge of trading. I will advise that you take some percentage off the $500 you have and pay someone to teach you trading while reading online as well.Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.
As a beginner, you have to be sure that you actually want to learn trading and then learn before trading. Trading without learning is like gambling and you know what it means(you can lose all you have). 
As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.
First and foremost, trading is not where ROI is guaranteed and you could possibly lose the $500 within a couple of minutes. The question here is are you ready to lose the $500 to trading? Considering that you are a student, I can guess how long it took you to realize that amount and it'll hurt to lose it. As we know, a problem shared is half solved and you have been provided with some links to help guide your journey. However, I personally don't see online learning as the perfect way to start for a total newbie with no basics knowledge.
I don't know where you live but I believe there'll be experts around you or closeby that can take you along with a little charges. $500 is a reasonable amount for beginner but you don't have to risk that amount to learn trading. No one learn trading with real money when we have demo to practice with. Someone suggested you invest the money into bitcoin for the time being while you use demo to learn trading, it's a welcomed suggestion too. Be vigilant, scammers might attempt to pm you posing like expert trader to deceive you, please don't fall for them.
Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.
As a beginner, you should first try to learn about technical analysis. There are so many tutorials about technical analysis that you can find with a simple Google search, and on YouTube. I suggest you to begin learning with one or two technical indicators at first, you should also try to understand that how charts work. You can learn all those things either by searching on Google, visiting sites like Investopedia, or searching such content on YouTube.I think $500 is a good amount to begin your trading journey, but be careful you should first try your best to learn about the technical indicators, also you should try to use stop loss. Stop loss is a very important thing for a new trader, those new traders who don't use stop loss might end up losing a lot of money. As a beginning trader, you should also try to control your emotions because it's a fact that new traders who can't control their emotions end up emptying their accounts.
Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.
The link cannot be used as a complete guide to achieving maximum crypto trading techniques and an expert, you have to look for someone who is an expert in crypto trading in the real world, for you to learn more details, accuracy, risks and everything you need before plunging further into the world of crypto trading.remember: crypto trading is high risk, you need wise, expert people to guide you to reach the perfect level in your trading in the crypto market.
Remember, this forum is a place for discussion, not a place for overall learning in crypto trading, the forum is more focused on theory, practice in the real world will lead you to success, You can easily find crypto trading links on Google, but they are not the basis for your success.
Maxim:
Learn from real people, don't study from books, the internet and so on which are online, the information on the internet is only for information, not a teacher.
Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.
The links above will definitely guide you on some aspects of trading, my addition is you should actually go through some strategies and see which one is suitable to use. Other technics like fundamental analysis can be perfected by just reading through those books but for technical analysis using charts, you will need video explaining how they go buy and the best place is to use the the YouTube, learn first about how to use TradingView tools and proceed to learning either the Inner Crypto Trading strategy (ICT) or the Smart Money Concept (SMC), perfecting those to techniques will go a long way for you as a successful trader.
Before embarking on this journey though you need to learn about risk management tool because trading is a speculative activity no matter how good you are on it. If I was to advice you I will say invest your money first on coins most preferable bitcoin and probably practice with Demo accounts
As you complete the research there will be a list of a number of platforms for you to get started on I want to get some things on board for you. Actually after learning some basic skills you have to dive yourself into the world of crypto and invest some assets. Personal experience is very important for a person to completely understand how the market works and how you'll make some successful trades.
Just start with a very minimal amount and Invest it according to your research then after the results you'll get to know where you were weak and slowly you'll gain some experience.only after having some confidence then invest larger assets.goodluck
Just start with a very minimal amount and Invest it according to your research then after the results you'll get to know where you were weak and slowly you'll gain some experience.only after having some confidence then invest larger assets.goodluck
Well, this is exactly one of the best question that I have also wanted to ask for the past few days is actually amazing contribution regarding on where to trade And how to start about it, it really be appreciated if more contribution can come in on this topic to clarify a beginner on how to start trading and the best place to start. So things are all needed and more direction needed to enable me also know my stand because I also have you I actually want to start trading with. then I also have some contributions for this topic, any challenges why you have already started with Trading from the direction we have given you he hesitate to ask more questions ask more questions whatever you ask, don’t ever be shy to ask questions that is why I was happy immediately topic, so please I really appreciate more link and direction thank you and happy Sunday.
It's too risky to go directly on trading without knowledge actually most of basic trading is already on exchange you just need to search more a bit to find those guides.
Sample Binance has a comprehensive guide check the link below
- https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners
For beginners to advanced, I have a good list including the tools that you can use check the link below and start reading technical and fundamental analysis
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
Sample Binance has a comprehensive guide check the link below
- https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners
For beginners to advanced, I have a good list including the tools that you can use check the link below and start reading technical and fundamental analysis
- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading
As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.
I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis
Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.
I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis
Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.
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