A guide for beginners to learn trading - page 3.

Munir575

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

Two weeks ago, I've been asked by a member of a Facebook group if I could help him to start trading.

BTC was dropping and the guy was desperate a bit.

Learning to trade is not that easy if you start from scratch and there are many topics to be covered.

So I decided to write a guide on my blog that would cover all the basics in order to put him and other new traders on the right path.

I thought that sharing it here might be good if ever any of you would like to get started with trading.

Don't hesitate if you have any questions or suggestions on what I could add to the guide to make it more complete.

Here's the guide link: https://trendsurferssignals.com/how-to-trade-cryptocurrencies/

I went through your content and its a good one, you did a good work by breaking it down and simplifying it for Newbies in trading. It will give them a better understanding of trading and the type of trading to adopt.

To begin trading one must be knowledgeable and understands how it works first before entering into it. You can also learn trading by watching tutorial videos online.

Prosector

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Having experience will increase your chances of success. A beginner should learn about the market to decide whether they should trade or invest.

Desmong

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I have seen many persons asking questions about how to trade and be successful. Trading is not something that one can just jump into without thorough understanding and practical work. A lots of things are involved in trading which makes it versatile. One has to learn the necessary things in trading before venturing into it because it has a lots of risks attached.

Questat

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Quote from: LUCKMCFLY on January 24, 2022, 11:55:45 AM

Quote from: ?? on ??

I believe that the best option for a beginner is a demo account.

For a start, maybe a few days to a week that would be awesome.

But after that, what's next?

The actual trading it goes and see if the learnings you've gained through demo account is going to result into good trades and into your fruition with this career.

Yes, you are right, well I always advise every newbie that I can tell them to be able to trade in an account with fictitious money, the idea is that they can test the strategies, but above all it is to learn to use the trading tools offered by the Exchange , so that at the time of real trading you do not suffer losses. Of course I would say that almost 100% do not follow this recommendation, they only do it until they lose and they worry about not making any more mistakes.

Because all of them had followed their heart, not those things that have been taught to them. If they are just able to control their emotions and are just about to follow that advice and tutorials, that can't be difficult and could avoid losses but unfortunately, this is never happening. Well, it probably will teach them that trading is not easy and this is also a way to test their patience and find their mistakes a big help to be more careful the next time.

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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.

One of the major lesson I learnt from trading is not afraid to lose though I do trade with the amount of fund I can afford to lose, however for every trade that I lose I always go back to my trading strategy and check out what was wrong and any need to twerk or readjust my strategy, with this action I had learnt of charting analysis and I believe with perseverance and persistent learning I am getting closer to becoming a very good trader irrespective of whether the market is bullish or bearish.

LUCKMCFLY

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Quote from: ?? on ??

I believe that the best option for a beginner is a demo account.

For a start, maybe a few days to a week that would be awesome.

But after that, what's next?

The actual trading it goes and see if the learnings you've gained through demo account is going to result into good trades and into your fruition with this career.

Yes, you are right, well I always advise every newbie that I can tell them to be able to trade in an account with fictitious money, the idea is that they can test the strategies, but above all it is to learn to use the trading tools offered by the Exchange , so that at the time of real trading you do not suffer losses. Of course I would say that almost 100% do not follow this recommendation, they only do it until they lose and they worry about not making any more mistakes.

Smitty Werben Man Jensen

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Quote from: Kelvinid on January 21, 2022, 05:35:35 AM

Quote from: nurilham on January 20, 2022, 06:00:53 PM

That' a good thing, now there are many posts about trading guides that can be learned like the one made by you. Of course it will be very helpful for beginners to start trading because a trader must be equipped with sufficient knowledge and skills in it. The more knowledge we get, the better the knowledge we have for trading. With this guide, it is hoped that it will reduce the losses that traders can get, although it all depends on how we can manage them. But if we have a guide then it will help direct us to manage the assets we have well.

No matter how many guides we read and see, if we don't follow them, it doesn't make sense. The best thing to do is to follow what has been written and listen to people's advice. But of course, this is never enough, the experience is still the best teacher. The more we do actual trading the more we learn about trading.

So, we never think our first trade will become profitable but rather expect losses. If we can't accept it, I think we need to let it go and find another which we feel comfortable.

It's true that when we only listen to advice from other people without taking real action, it's certainly still lacking,
experience is one of the most important things and we must continue to learn and dare to try trading

palle11

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I saw your contents it is nice for a beginner to start with it. The problem with some beginners they feel lazy to learn and thinks it trading knowledge will come with little effort. Trading is about seriousness.

Trading is a serious business and a lazy person don't have business with trading. A good trader should in the first place be someone with passion for it and not just believing it will all come easy for them. At every point the market does not present itself easy, so many things are involved in it including our emotions too. Whatever we study or have the knowledge, it is out of hard effort for it. If no effort to improve and laziness taking over is a sign for failure already.

$crypto$

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Quote from: Kelvinid on January 21, 2022, 05:35:35 AM

Quote from: nurilham on January 20, 2022, 06:00:53 PM

That' a good thing, now there are many posts about trading guides that can be learned like the one made by you. Of course it will be very helpful for beginners to start trading because a trader must be equipped with sufficient knowledge and skills in it. The more knowledge we get, the better the knowledge we have for trading. With this guide, it is hoped that it will reduce the losses that traders can get, although it all depends on how we can manage them. But if we have a guide then it will help direct us to manage the assets we have well.

No matter how many guides we read and see, if we don't follow them, it doesn't make sense. The best thing to do is to follow what has been written and listen to people's advice. But of course, this is never enough, the experience is still the best teacher. The more we do actual trading the more we learn about trading.

So, we never think our first trade will become profitable but rather expect losses. If we can't accept it, I think we need to let it go and find another which we feel comfortable.

Reading the guide and practicing directly I think it will feel firsthand how it feels to learn the first, of course at the beginning of trading we should not expect more than to know the basics that have been practiced in the guide, after we master and can apply it to the next trade then we need to consider the advantages as well as avoid the disadvantages, and once we are skilled in doing this of course it will be clear to us how the guide we have learned so far.

Kelvinid

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Quote from: nurilham on January 20, 2022, 06:00:53 PM

That' a good thing, now there are many posts about trading guides that can be learned like the one made by you. Of course it will be very helpful for beginners to start trading because a trader must be equipped with sufficient knowledge and skills in it. The more knowledge we get, the better the knowledge we have for trading. With this guide, it is hoped that it will reduce the losses that traders can get, although it all depends on how we can manage them. But if we have a guide then it will help direct us to manage the assets we have well.

No matter how many guides we read and see, if we don't follow them, it doesn't make sense. The best thing to do is to follow what has been written and listen to people's advice. But of course, this is never enough, the experience is still the best teacher. The more we do actual trading the more we learn about trading.

So, we never think our first trade will become profitable but rather expect losses. If we can't accept it, I think we need to let it go and find another which we feel comfortable.

nurilham

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That' a good thing, now there are many posts about trading guides that can be learned like the one made by you. Of course it will be very helpful for beginners to start trading because a trader must be equipped with sufficient knowledge and skills in it. The more knowledge we get, the better the knowledge we have for trading. With this guide, it is hoped that it will reduce the losses that traders can get, although it all depends on how we can manage them. But if we have a guide then it will help direct us to manage the assets we have well.

jostorres

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

Learning to trade is not that easy if you start from scratch and there are many topics to be covered.

So I decided to write a guide on my blog that would cover all the basics in order to put him and other new traders on the right path.

I thought that sharing it here might be good if ever any of you would like to get started with trading.

Don't hesitate if you have any questions or suggestions on what I could add to the guide to make it more complete.

Are you sure that this person is really ready to become a day trader; a little drop in the market is already making them to panic, what if they should become full-time traders and then start to see how much that the market can drop, then they would likely give up? You should let them know that this kind of drop in the market price is something that they would be experiencing almost every day as a day trader.

Unless they would choose to be an investor, or a Hodler, because when it comes to hodling your cryptocurrency investment, then you can decide to hold as long as you want and sell whenever you feel the market is in a good position for you to sell. But in trading, there are so many risks and difficulties involved.

pawanjain

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

Two weeks ago, I've been asked by a member of a Facebook group if I could help him to start trading.

BTC was dropping and the guy was desperate a bit.

Learning to trade is not that easy if you start from scratch and there are many topics to be covered.

So I decided to write a guide on my blog that would cover all the basics in order to put him and other new traders on the right path.

I thought that sharing it here might be good if ever any of you would like to get started with trading.

Don't hesitate if you have any questions or suggestions on what I could add to the guide to make it more complete.

Here's the guide link: https://trendsurferssignals.com/how-to-trade-cryptocurrencies/

Have you created the guide all by yourself because it is a well informed guide in my opinion.
It is detailed with various insights on crypto trading which can really be helpful for a newbie.
Although there are already many guides available on trading you done a good effort to elaborate on crypto trading.

arwin100

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Quote from: Sanitough on January 19, 2022, 06:38:13 PM

Quote from: tippytoes on January 19, 2022, 04:19:21 PM

Quote from: AakZaki on January 19, 2022, 02:01:51 PM

Quote from: AicecreaME on January 19, 2022, 08:32:54 AM

~snip~

Now, what would happen if you failed to apply it correctly? the answer would be, it is either you quit and just wasted your time studying trading or continue and finish what you've started.

If they always learned I think failure will be minimized. Although it failed/mistakenly it could come at any time. If they decide to quit, it seems like a wrong decision. Everyone can because of learning, I firmly believe trading is something that can be learned. So in the end it's just the will that works. If you try once and lose it is natural. If they move has failed then I think their perception is wrong. Beginner traders must be resilient please try without giving up by sticking to the risk management you have learned. I'm sure if you keep trying, it will work.

The article posted by the OP has a lot of info to digest with. But if you are starting in trading, just use small amount of funds that you can afford to lose. All of us here start from scratch. We don't know crypto when we entered here. So yeah, it is a matter of time before we learn things here. And still, everyday is a learning day for us as we embark different scenarios here. There's no defined formula in crypto trading. So the more experience you have, the better insights you get. And that will help you in your trading journey, that is, if you don't quit.

Trading is never learn in an instant, its best learned from a series of experiences that will always bring lessons to motivate us. And yes, trading is a daily learning, and the more you get to experience trading, the more you understand the market. But of course, you will only succeed in trading if you are patient enough to face all its risks, and even if you make frequent losses, that should not be a hindrance to prove to yourself that you can be successful and a good trader in the end.

If a person is eager to learn on how to trade for sure this skill will be learned in due time especially if they do trade by their own since for sure they can learn something new with their experience and certain fundamentals towards what they read over the net, but trading is not for all since many try it but failed due to laziness they didn't make an effort to grow that's why we see so many fall from guys who tell that they will trade for them and just invest an amount and you will get certain percentage of their trades. So hopefully newbies should be aware and avoid this schemes.

passwordnow

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Quote from: Raflesia on January 19, 2022, 09:21:54 AM

Quote from: passwordnow on January 19, 2022, 05:24:07 AM

Informative blog.
It's a good read for those beginners that are looking for a way to start trading. They can start out with the guide you've made OP so they know where they should start with their trading journey. A lot of beginners are doing it wrongly because they're greedy and thinking that it's as easy as what they think about trading. But reality is sinking in to them until they get to realize that it isn't what they think.

A beginner should see the guide in this blog because it is enough to compile the content table, just choose which one is not understood there is quite complete.

Yes, it's a compilation of information that a newbie needs. It's like a whole package although someone would still find some questions that's not included on this blog but overall, there's a lot of details that can be a good start for a newbie that looks for a guide.

Quote from: Raflesia on January 19, 2022, 09:21:54 AM

Of course, for someone who likes to read the entirety of the content provided on this blog, this will be useful before you jump into the trade, because we will know the basics first before getting into the skills we have.

It's a good source for those who still have a lot of questions and likely this blog can give them those basic details that they need before they start trading.

Sanitough

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Quote from: tippytoes on January 19, 2022, 04:19:21 PM

Quote from: AakZaki on January 19, 2022, 02:01:51 PM

Quote from: AicecreaME on January 19, 2022, 08:32:54 AM

~snip~

Now, what would happen if you failed to apply it correctly? the answer would be, it is either you quit and just wasted your time studying trading or continue and finish what you've started.

If they always learned I think failure will be minimized. Although it failed/mistakenly it could come at any time. If they decide to quit, it seems like a wrong decision. Everyone can because of learning, I firmly believe trading is something that can be learned. So in the end it's just the will that works. If you try once and lose it is natural. If they move has failed then I think their perception is wrong. Beginner traders must be resilient please try without giving up by sticking to the risk management you have learned. I'm sure if you keep trying, it will work.

The article posted by the OP has a lot of info to digest with. But if you are starting in trading, just use small amount of funds that you can afford to lose. All of us here start from scratch. We don't know crypto when we entered here. So yeah, it is a matter of time before we learn things here. And still, everyday is a learning day for us as we embark different scenarios here. There's no defined formula in crypto trading. So the more experience you have, the better insights you get. And that will help you in your trading journey, that is, if you don't quit.

Trading is never learn in an instant, its best learned from a series of experiences that will always bring lessons to motivate us. And yes, trading is a daily learning, and the more you get to experience trading, the more you understand the market. But of course, you will only succeed in trading if you are patient enough to face all its risks, and even if you make frequent losses, that should not be a hindrance to prove to yourself that you can be successful and a good trader in the end.

GreatArkansas

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Quote from: Kasabus on January 19, 2022, 04:46:37 PM

Quote from: tippytoes on January 19, 2022, 04:19:21 PM

Quote from: AakZaki on January 19, 2022, 02:01:51 PM

Quote from: AicecreaME on January 19, 2022, 08:32:54 AM

~snip~

Now, what would happen if you failed to apply it correctly? the answer would be, it is either you quit and just wasted your time studying trading or continue and finish what you've started.

If they always learned I think failure will be minimized. Although it failed/mistakenly it could come at any time. If they decide to quit, it seems like a wrong decision. Everyone can because of learning, I firmly believe trading is something that can be learned. So in the end it's just the will that works. If you try once and lose it is natural. If they move has failed then I think their perception is wrong. Beginner traders must be resilient please try without giving up by sticking to the risk management you have learned. I'm sure if you keep trying, it will work.

The article posted by the OP has a lot of info to digest with. But if you are starting in trading, just use small amount of funds that you can afford to lose. All of us here start from scratch. We don't know crypto when we entered here. So yeah, it is a matter of time before we learn things here. And still, everyday is a learning day for us as we embark different scenarios here. There's no defined formula in crypto trading. So the more experience you have, the better insights you get. And that will help you in your trading journey, that is, if you don't quit.

Well, no one succeed if you are thinking about quitting. So just keep on trading while learning more in trading.
(....)

]
^ This is one of the common mistakes of newbies or those people who are just starting to trade, they don't have dedication or commitment, after few trades or few losses, they stopped trading, they don't know it is part of the process, not all trades are winning trades. So, they must take it as lesson and apply learning from their mistakes on previous trades, correct those mistakes on next trade.

milewilda

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Quote from: Kasabus on January 19, 2022, 04:46:37 PM

Quote from: tippytoes on January 19, 2022, 04:19:21 PM

Quote from: AakZaki on January 19, 2022, 02:01:51 PM

Quote from: AicecreaME on January 19, 2022, 08:32:54 AM

~snip~

Now, what would happen if you failed to apply it correctly? the answer would be, it is either you quit and just wasted your time studying trading or continue and finish what you've started.

If they always learned I think failure will be minimized. Although it failed/mistakenly it could come at any time. If they decide to quit, it seems like a wrong decision. Everyone can because of learning, I firmly believe trading is something that can be learned. So in the end it's just the will that works. If you try once and lose it is natural. If they move has failed then I think their perception is wrong. Beginner traders must be resilient please try without giving up by sticking to the risk management you have learned. I'm sure if you keep trying, it will work.

The article posted by the OP has a lot of info to digest with. But if you are starting in trading, just use small amount of funds that you can afford to lose. All of us here start from scratch. We don't know crypto when we entered here. So yeah, it is a matter of time before we learn things here. And still, everyday is a learning day for us as we embark different scenarios here. There's no defined formula in crypto trading. So the more experience you have, the better insights you get. And that will help you in your trading journey, that is, if you don't quit.

Well, no one succeed if you are thinking about quitting. So just keep on trading while learning more in trading. And expect that losses more often comes particularly if you are still a beginner, but as soon as you get to understand the market more, you will also minimize your losses and start to maximize making profits. Trading is really hard if you are not prepared for it, but if you see yourself more prepared and is willing to take and manage the risk, i think there will be high chances that you will succeed and become more profitable in the long run.

Quitting early wont be a solution because we know that mistakes and wrong decisions could really happen but to mind off is that this is where you do learn up something on which you do gain up experience.When it comes to guide then there are lots of various sources on which you could study on or you could even ask out the community in regards to your trading and you would
get immediate response but of course you would be keen on which one to believe and which one should be ignored.You are the ones who is on control which it would really be just
right that you are aware on what you are doing.

Kasabus

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Quote from: tippytoes on January 19, 2022, 04:19:21 PM

Quote from: AakZaki on January 19, 2022, 02:01:51 PM

Quote from: AicecreaME on January 19, 2022, 08:32:54 AM

~snip~

Now, what would happen if you failed to apply it correctly? the answer would be, it is either you quit and just wasted your time studying trading or continue and finish what you've started.

If they always learned I think failure will be minimized. Although it failed/mistakenly it could come at any time. If they decide to quit, it seems like a wrong decision. Everyone can because of learning, I firmly believe trading is something that can be learned. So in the end it's just the will that works. If you try once and lose it is natural. If they move has failed then I think their perception is wrong. Beginner traders must be resilient please try without giving up by sticking to the risk management you have learned. I'm sure if you keep trying, it will work.

The article posted by the OP has a lot of info to digest with. But if you are starting in trading, just use small amount of funds that you can afford to lose. All of us here start from scratch. We don't know crypto when we entered here. So yeah, it is a matter of time before we learn things here. And still, everyday is a learning day for us as we embark different scenarios here. There's no defined formula in crypto trading. So the more experience you have, the better insights you get. And that will help you in your trading journey, that is, if you don't quit.

Well, no one succeed if you are thinking about quitting. So just keep on trading while learning more in trading. And expect that losses more often comes particularly if you are still a beginner, but as soon as you get to understand the market more, you will also minimize your losses and start to maximize making profits. Trading is really hard if you are not prepared for it, but if you see yourself more prepared and is willing to take and manage the risk, i think there will be high chances that you will succeed and become more profitable in the long run.

tippytoes

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Quote from: AakZaki on January 19, 2022, 02:01:51 PM

Quote from: AicecreaME on January 19, 2022, 08:32:54 AM

~snip~

Now, what would happen if you failed to apply it correctly? the answer would be, it is either you quit and just wasted your time studying trading or continue and finish what you've started.

If they always learned I think failure will be minimized. Although it failed/mistakenly it could come at any time. If they decide to quit, it seems like a wrong decision. Everyone can because of learning, I firmly believe trading is something that can be learned. So in the end it's just the will that works. If you try once and lose it is natural. If they move has failed then I think their perception is wrong. Beginner traders must be resilient please try without giving up by sticking to the risk management you have learned. I'm sure if you keep trying, it will work.

The article posted by the OP has a lot of info to digest with. But if you are starting in trading, just use small amount of funds that you can afford to lose. All of us here start from scratch. We don't know crypto when we entered here. So yeah, it is a matter of time before we learn things here. And still, everyday is a learning day for us as we embark different scenarios here. There's no defined formula in crypto trading. So the more experience you have, the better insights you get. And that will help you in your trading journey, that is, if you don't quit.

Topic: A guide for beginners to learn trading - page 3. (Read 701 times)