A guide for beginners to learn trading

Fatunad

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Quote from: ?? on ??

A demo account of Amarkets broker seemed to me a good option for teaching a beginner. As for me, for a beginner, this option is really beneficial for a beginner.

For familiarizing things then demo trade would be good but the actual learning would be starting on live account or simply using real money because you would really be that careful
on executing your trades or simply does follow strict risk management compared into trading with virtual balance which you wouldnt really care if you do lost it or not since you do
know that you wont lose nothing since it is just demo.Learning up trades would takes time and effort which some people arent really that patient when it comes to this.

nhaila

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Moonbet.io

You will find many books on cryptocurrency trading, including online and offline, but you can learn a lot about the details of trading, but do not follow them to trade. If you are a brand newcomer then you can create a demo account and start trading. The amount of loss will be less.

iv4n

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Quote from: jstmtlqc on January 13, 2022, 09:28:00 AM

...

Well this blog is not only useful for newbies but also for a person like me. I am into crypto since 5 to 6 years but still when it comes to trading cryptocurrency I am still not very good in that. We always have to keep learn and change strategies with time. I have gone through your blog and it looks good. I will try to learn something new from this and apply in my trading.

In crypto learning never stops... I am in crypto trading even longer, and every once in a while I see something new, something I missed along the way or that appeared recently! I agree this blog is useful even for people who are in trading for a while, I see some things are simply explanied so everyone can understand it! There's a lot of info gathered and organized in one place... I think I will take another look at some parts, excellent material for learning more!

Silberman

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Quote from: Lordhermes on February 11, 2022, 07:39:12 PM

Crypto trading is so broad and there are so many things that I still need to know that I have not known,and the only way one will know those things is to research more about Bitcoin because it is through research that most of the things that are hidden will be known.
In going into trading,one must bare in mind that trading involves two things,profit and loss.,and so if one is going into trading,he should put at the back of his or mind that market is not always friendly,it can make you happy at sometime and thesame time make you very sad.
Always research,read,and learn from the experienced.

This is why like in any other activity there are different areas in which you can focus your study and become a particular type of trader, so you can become a day trader, swing trader, positional trader, investor or an arbitrage trader, each one of those fields of study offer huge opportunities for those willing to spend the time to learn more about them, however each one of them requires different characteristics and knowledge from you, so the first step is to pick the one that you think will fit you the best in the future, something not easy to do if you have no idea of what you want to achieve as a trader over the long term.

Hypnosis00

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Quote from: judaspriest on February 11, 2022, 01:16:21 AM

Quote from: Scripture on February 10, 2022, 05:56:48 PM

Quote from: ?? on ??

Quote from: palle11 on January 13, 2022, 12:13:04 PM

I was reading your support and resistance explanation and you actually made it clear that the longer time frame is better for it compared to short time like 5minutes time. That is true and you have made good chart there and help to beginners.
But about the support and resistance, for daily traders sometimes support and resistance is not what you need because is just a short time trade. Candlesticks are important if you are a swinger or short time trader.

Time frame in crypto currency and any others trading platform all depends on individual traders though am not in anyway against op view that long time is more better than like 5 minutes chart.

We should always have our own time frame, what works for you should be your edge against the market and this is not about trader vs trader, this will always be against the market so better to be prepared always. Trading is very tricky, you can lose money without knowing it so better to analyze properly and this is the only way to win.

Yes, that's how trading is and is very complex, we can't just rely on buying when the price goes down and selling it when the price goes up,
in trading we need knowledge and analytical techniques,
Besides that, mentality is also one of the important things

Well, I love to hear analytical techniques but unfortunately, many traders are know-how about the market. They simply just think that trading is all about buying and selling, they have a lack of TA which is very important when doing this. And that is no surprise that many had tried trading will quite later as they are incapable of doing this. One of my friends had this kind of scenario, he believe that knowing the basics is enough but he realize that he was wrong and underestimated the market causing him to lose his capital.

Lordhermes

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Activity: 1232

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Crypto trading is so broad and there are so many things that I still need to know that I have not known,and the only way one will know those things is to research more about Bitcoin because it is through research that most of the things that are hidden will be known.
In going into trading,one must bare in mind that trading involves two things,profit and loss.,and so if one is going into trading,he should put at the back of his or mind that market is not always friendly,it can make you happy at sometime and thesame time make you very sad.
Always research,read,and learn from the experienced.

judaspriest

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C O M B O

Quote from: Scripture on February 10, 2022, 05:56:48 PM

Quote from: ?? on ??

Quote from: palle11 on January 13, 2022, 12:13:04 PM

I was reading your support and resistance explanation and you actually made it clear that the longer time frame is better for it compared to short time like 5minutes time. That is true and you have made good chart there and help to beginners.
But about the support and resistance, for daily traders sometimes support and resistance is not what you need because is just a short time trade. Candlesticks are important if you are a swinger or short time trader.

Time frame in crypto currency and any others trading platform all depends on individual traders though am not in anyway against op view that long time is more better than like 5 minutes chart.

We should always have our own time frame, what works for you should be your edge against the market and this is not about trader vs trader, this will always be against the market so better to be prepared always. Trading is very tricky, you can lose money without knowing it so better to analyze properly and this is the only way to win.

Yes, that's how trading is and is very complex, we can't just rely on buying when the price goes down and selling it when the price goes up,
in trading we need knowledge and analytical techniques,
Besides that, mentality is also one of the important things

Scripture

full member

Activity: 1303

Merit: 128

Quote from: ?? on ??

Quote from: palle11 on January 13, 2022, 12:13:04 PM

I was reading your support and resistance explanation and you actually made it clear that the longer time frame is better for it compared to short time like 5minutes time. That is true and you have made good chart there and help to beginners.
But about the support and resistance, for daily traders sometimes support and resistance is not what you need because is just a short time trade. Candlesticks are important if you are a swinger or short time trader.

Time frame in crypto currency and any others trading platform all depends on individual traders though am not in anyway against op view that long time is more better than like 5 minutes chart.

We should always have our own time frame, what works for you should be your edge against the market and this is not about trader vs trader, this will always be against the market so better to be prepared always. Trading is very tricky, you can lose money without knowing it so better to analyze properly and this is the only way to win.

Wawa2013

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Activity: 1666

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Quote from: Lordhermes on February 08, 2022, 09:57:43 PM

Research,read more,make findings,invest in a promising project.and the results will definitely come on it own.
Learning from the experienced people is and people that a ahead of you like a role model in Crypto is also important.

And another important thing is reading people's post to understand the topic more,and gaining experience from their post.

If we can be patient and trade in the right way profit will come by itself. So the mistake of many newbies is that they think making a profit from
trading is easy and can be done instantly. They think they can get rich from trading in a short time, actually most newbies think wrong about
trading, because they are influenced by influencers who show huge profits by trading on some new projects. Even though influencers doing this
only want to pump and dump new projects for their own benefit. This is an important lesson for newbies that being a successful trader is not easy,
requires hard work and a long process. So don't be lazy to learn the crypto world well, after that learn the right way of trading by taking courses
in a trusted place, in order to get a lesson on how to trade properly. Usually at the course we can be accompanied by a mentor who is experienced
in the world of trading, so that newbies understand more quickly. If don't want to take courses for newbies, they have to be diligent in reading
many topics about trading, after that try to practice it with small capital, so when they experience a loss it can be considered as a learning cost.

Silberman

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Activity: 2534

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Quote from: TinaK on February 10, 2022, 06:06:57 AM

Quote from: yayayo on February 10, 2022, 05:48:45 AM

Quote from: Mr.right85 on February 09, 2022, 10:05:04 PM

Trading has turned out yo be something very risky due to the level of professionalism it requires of any one interested or dares to come on board. Having little knowledge of it and feeling you could win would be a very big mistake on a beginners part. Except for one who is ready to loose everything in order to gain experience and then have another go at it again.
The sad truth is, there are chances that you can loose everything and still learn nothing if you aren't smart enough or your not someone that is open to accepting new things.

You can't become a professional trader if you won't become a beginner first. No one will enter and jump and become professional instantly, risk is always there all of us know. Mistakes are part of growing and learning, you will gain knowledge on personal experience but it is better if you already equipped yourself some basic knowledge about trading.

ya.ya.yo!

Of course, anyone who wants to trade started from scratch, and most of them there a few things that should be learned.
OP has a great idea, but trading is a difficult skill to master, especially if you have no passion for it. Because trading is not for everyone, but you have the courage to try it out, you must focus the majority of your efforts with the guidance of the information provided by online posts that teach newbies how to trade. It is quite important and desirable for newcomers to continually look for techniques to learn how to trade.

Sometimes I think for this, trading isn't for everyone.

100% this, many people think of trading as just another form of making money, however if we think a little bit about it, who are the best doctors, lawyers or engineers? The ones doing it only for the money or the ones doing it because it is their passion? And it is obvious the correct answer is the latter, and trading is not an exception to this, many people come to this market attracted by the huge profits they can possibly make, but if they do not have a legitimate interest in trading then it is going to be difficult they get good at it

doomloop

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Quote from: justdimin on February 10, 2022, 06:58:34 AM

That's the thing about altcoins, they keep having new and newer stuff. People gave up decentralization long time ago, they are investing based on project founders saying stuff and doing stuff, that is way further from "we do not know who satoshi is" situation we had with bitcoin. Today we get to learn more about who they are and that is really not great.

I know that it is not really that much of a big deal that we are doing it right now, but that doesn't mean that we couldn't really find another way neither. I personally feel like we should not rusting with the "good news" project founders tell us. We should in fact try to find something that is good at release and community improved.

they need to do that because if not then they will get defeated by other alts because the altcoins competition now is so huge while there is no need for bitcoin to change because it is already on the top and cant be moved there and no people does not gave up decentralization because most cryptos are decentralized and only a few of them are centralized. It is bad to follow what are others are saying because not all that they say are legit.

This is why lots of people have got scammed because they are lazy to invest on their own. That was a big deal mate. Anyway thanks op for the effort, not only that your helping others but your also helping yourself to earn if you have ads placed in your blog.

justdimin

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Quote from: TopT3ns on February 09, 2022, 06:08:12 AM

I think not only checking with bitcoin chart but also research is most important if want get lucky with cryptocurrency trading, always I check when trading with altcoin looking for what new update and have good news for my trading altcoin. Usually before checking which one altcoin have to buy I see general news about bitcoin, looking bitcoin transaction have many USDT transfer or BTC transfer from wallet to exchange, I think is most important to know about price pump or dump before try with investing in several altcoin, always have news with bitcoin transaction on twitter channel and we can see how many bitcoin transfer on this moment.

That's the thing about altcoins, they keep having new and newer stuff. People gave up decentralization long time ago, they are investing based on project founders saying stuff and doing stuff, that is way further from "we do not know who satoshi is" situation we had with bitcoin. Today we get to learn more about who they are and that is really not great.

I know that it is not really that much of a big deal that we are doing it right now, but that doesn't mean that we couldn't really find another way neither. I personally feel like we should not rusting with the "good news" project founders tell us. We should in fact try to find something that is good at release and community improved.

TinaK

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Quote from: yayayo on February 10, 2022, 05:48:45 AM

Quote from: Mr.right85 on February 09, 2022, 10:05:04 PM

Trading has turned out yo be something very risky due to the level of professionalism it requires of any one interested or dares to come on board. Having little knowledge of it and feeling you could win would be a very big mistake on a beginners part. Except for one who is ready to loose everything in order to gain experience and then have another go at it again.
The sad truth is, there are chances that you can loose everything and still learn nothing if you aren't smart enough or your not someone that is open to accepting new things.

You can't become a professional trader if you won't become a beginner first. No one will enter and jump and become professional instantly, risk is always there all of us know. Mistakes are part of growing and learning, you will gain knowledge on personal experience but it is better if you already equipped yourself some basic knowledge about trading.

ya.ya.yo!

Of course, anyone who wants to trade started from scratch, and most of them there a few things that should be learned.
OP has a great idea, but trading is a difficult skill to master, especially if you have no passion for it. Because trading is not for everyone, but you have the courage to try it out, you must focus the majority of your efforts with the guidance of the information provided by online posts that teach newbies how to trade. It is quite important and desirable for newcomers to continually look for techniques to learn how to trade.

Sometimes I think for this, trading isn't for everyone.

yayayo

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Quote from: Mr.right85 on February 09, 2022, 10:05:04 PM

Trading has turned out yo be something very risky due to the level of professionalism it requires of any one interested or dares to come on board. Having little knowledge of it and feeling you could win would be a very big mistake on a beginners part. Except for one who is ready to loose everything in order to gain experience and then have another go at it again.
The sad truth is, there are chances that you can loose everything and still learn nothing if you aren't smart enough or your not someone that is open to accepting new things.

You can't become a professional trader if you won't become a beginner first. No one will enter and jump and become professional instantly, risk is always there all of us know. Mistakes are part of growing and learning, you will gain knowledge on personal experience but it is better if you already equipped yourself some basic knowledge about trading.

ya.ya.yo!

Sebas.tian

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote

Research,read more,make findings,invest in a promising project.and the results will definitely come on it own.
Learning from the experienced people is and people that a ahead of you like a role model in Crypto is also important.

And another important thing is reading people's post to understand the topic more,and gaining experience from their post.

Those point you stated here are very important to beginners to know more about cryptocurrency trading in the community. Research has helped many traders to become successful in the community based on the good experience they got from research. Reading more cryptocurrency books will also improve your knowledge about cryptocurrency trading and when to buy bitcoin and hold for future or when to sell bitcoin to make a good income.

Bitcointalk forum is a good platform many beginners can learn or acquire knowledge of how to differentiate potential project and non potential project in the community. Many professional traders became what they are today because they were very active in the forum some years ago and even now.

Natalim

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BTC to the MOON in 2019

Quote from: Mr.right85 on February 09, 2022, 10:05:04 PM

Trading has turned out yo be something very risky due to the level of professionalism it requires of any one interested or dares to come on board. Having little knowledge of it and feeling you could win would be a very big mistake on a beginners part. Except for one who is ready to loose everything in order to gain experience and then have another go at it again.
The sad truth is, there are chances that you can loose everything and still learn nothing if you aren't smart enough or your not someone that is open to accepting new things.

Even I was ready to lose my money but I'd never think that we suppose to think before trying traders, perhaps we have to gain. Being new to trading this (gain/profit) is not the thing we should think about but to pursue learning first as next to it will be earning a profit. Well, losing is very certain upon learning and we can never ever avoid that, and in fact, even those who have a long experience in trading still suffer losses, how much more for the novice.

Mr.right85

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Trading has turned out yo be something very risky due to the level of professionalism it requires of any one interested or dares to come on board. Having little knowledge of it and feeling you could win would be a very big mistake on a beginners part. Except for one who is ready to loose everything in order to gain experience and then have another go at it again.
The sad truth is, there are chances that you can loose everything and still learn nothing if you aren't smart enough or your not someone that is open to accepting new things.

Viscore

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Activity: 3178

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Live with peace and enjoy life!

Quote from: Vaculin on January 17, 2022, 04:04:08 PM

Quote from: crzy on January 17, 2022, 03:39:31 PM

Quote from: ?? on ??

Quote from: palle11 on January 15, 2022, 10:19:21 AM

Quote from: ?? on ??

but sometimes trading also depend on our luck.

Don't always believe that trading is about luck because it is not same as gambling. Do your rigorous training and learn about what it takes to trade, it is not considered as luck. There are guides that you can use to prevent your loses to be huge and if you can pick more pips as profit than pips that you lose then you don't see it as luck. You need to learn the ropes to a better trade, learn technical aspect of trading because it is important.

Trading I think is very complex and we need to learn everything related to trading,
both knowledge, skills, and mentality are very important to support in trading,
so we really have to prepare it all as well as possible

We really have to be prepared mentally for trading since this can consume your whole body and if you don’t know how to control yourself you might lose your money. Learning everything may take time but at least once you’re ready you can start to trade now and be more profitable. Don’t be afraid to lose in trading, its normal just do what is right and you should be fine. Trading is a never ending analysis and learning, be more patient with this.

Yah,thats right.And also, always keep in your mind that trading involves high risks. Including the risk is losing some of your money, or all of your investment amount.You should also follow a set of rules and strategy consistently. Once you are comfortable and able to make profit with your strategy then you can start with actual trading.

TopT3ns

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#SWGT CERTIK Audited

I think not only checking with bitcoin chart but also research is most important if want get lucky with cryptocurrency trading, always I check when trading with altcoin looking for what new update and have good news for my trading altcoin. Usually before checking which one altcoin have to buy I see general news about bitcoin, looking bitcoin transaction have many USDT transfer or BTC transfer from wallet to exchange, I think is most important to know about price pump or dump before try with investing in several altcoin, always have news with bitcoin transaction on twitter channel and we can see how many bitcoin transfer on this moment.

Lordhermes

sr. member

Activity: 1232

Merit: 379

Research,read more,make findings,invest in a promising project.and the results will definitely come on it own.
Learning from the experienced people is and people that a ahead of you like a role model in Crypto is also important.

And another important thing is reading people's post to understand the topic more,and gaining experience from their post.

Topic: A guide for beginners to learn trading (Read 701 times)