A guide for beginners to learn trading - page 4.

perfect999

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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.

As long as you ask others what to trade, you will lose money. That is something I learned a long time ago, if you ask other people what you should trade, which coin you should buy, which coin you should sell, 100% of the time they will tell you the ones that they buy and sell. If they are wrong then you will lose money and since everyone could be wrong, they will make you lose money. Always learn yourself and even if you lose, you will learn why you lost.

jaberwock

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Quote from: Peanutswar on January 19, 2022, 02:47:54 AM

Many people today would like to join into the trading and cryptocurrency world and guess what's the reason it looks easy when you watch and you can get profit immediately with just predicting the market trend. It's just a basic thing to look but it requires knowledge, skills, strategy and of course, the emotion to handle every time to make a trade. As possible make an introduction to them that its a crypto any decision you made might change very time. sometimes we cannot avoid people blaming others because of the decision they made.

Most of these newbies have heard about Bitcoin, but mostly what they hear about it is the good part of it and how people have made millions of profits by investing in Bitcoin, most of them don’t even know the risk that are involved. So, it is good to let them know that there are risks involved before they start investing, so that if the outcome of the event turns out bad they wouldn’t come and start blaming you.

So whenever I’m talking to newbies about Bitcoin I always make sure that I state the risks that are involved and make them be aware of it. Then I would advise them on how to go about it, so that they would be able to manage their risk and not lose much of their money, in case the outcome of the market happens to turn against them.

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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.

Raflesia

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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.

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.

AicecreaME

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Kudos to you OP for making such effort to help other people.

But here's my opinion. Anyone could try to find and study about trading by reading articles, watching tutorials, but the problem will start when they are actually trading. People are good on academics (studying about Trading) until they are on the trading situation, some people are not good in both. You need both, the knowledge and the practical scenario skills on how to apply it correctly for each trade in order to make your day productive.

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.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

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.

Botnake

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Quote from: pinggoki on January 19, 2022, 03:28:27 AM

Quote from: Peanutswar on January 19, 2022, 02:47:54 AM

Many people today would like to join into the trading and cryptocurrency world and guess what's the reason it looks easy when you watch and you can get profit immediately with just predicting the market trend. It's just a basic thing to look but it requires knowledge, skills, strategy and of course, the emotion to handle every time to make a trade. As possible make an introduction to them that its a crypto any decision you made might change very time. sometimes we cannot avoid people blaming others because of the decision they made.

The problem is that a lot of people that are trading inflate stories and unknowingly or knowingly deceives people because they will get something out of it and an average person is stupid and they will end up having to believe those stories and think that they will be able to do the same thing which isn't the case because we all know how hard trading is when we do there.

Well, an aspirant trader can only prove it if he experience trading on his own. And by then he will realized that trading is never an easy thing, that making quick profits in trading without extra effort will never be possible.

However, for those who trade that made a lot of preparations to improve oneself will always seen successful in trading. Because in trading, its not just about how big is your capital, but more on your knowledge and skills, your special strategies, your patience, and your positive mindset that will always make a trader lasts longer and sustain its profit consistency.

pinggoki

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Quote from: Peanutswar on January 19, 2022, 02:47:54 AM

Many people today would like to join into the trading and cryptocurrency world and guess what's the reason it looks easy when you watch and you can get profit immediately with just predicting the market trend. It's just a basic thing to look but it requires knowledge, skills, strategy and of course, the emotion to handle every time to make a trade. As possible make an introduction to them that its a crypto any decision you made might change very time. sometimes we cannot avoid people blaming others because of the decision they made.

The problem is that a lot of people that are trading inflate stories and unknowingly or knowingly deceives people because they will get something out of it and an average person is stupid and they will end up having to believe those stories and think that they will be able to do the same thing which isn't the case because we all know how hard trading is when we do there.

Peanutswar

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Many people today would like to join into the trading and cryptocurrency world and guess what's the reason it looks easy when you watch and you can get profit immediately with just predicting the market trend. It's just a basic thing to look but it requires knowledge, skills, strategy and of course, the emotion to handle every time to make a trade. As possible make an introduction to them that its a crypto any decision you made might change very time. sometimes we cannot avoid people blaming others because of the decision they made.

iv4n

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

BTC was dropping and the guy was desperate a bit.

And what is the best advice here? Holding for the next bull run or cutting losses and waiting for a new dip for buying?! What advice do you give to a desperate trader? Quit trading if you can't separate emotions from your trades?!

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.

I don't like demo accounts as well... maybe demo can be good for people who are trying trading for the first time and they wish to learn about all the features for free, but even that is questionable! The real thing is the real thing, when real money is involved we learn better and faster. Having some losses here and there is not a bad thing, we all make mistakes, we need to learn how to keep a cool head in troubled times, how to not get greedy, to not make desperate moves... and we learn by practicing trading, it's how we get to experience! Doing it with demo simply doesn't give all that!

Finestream

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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.

You should engage in an actual trading of course so that you will have a real life experience that will make you a better trader. And even if you lose, i know it will always teach you lesson so that you won't be making the same mistakes again. But thanks OP for the helpful guide. It's always a good feeling to help beginners since they are still prone to losses but if they can follow your tips, it will somehow minimize their losses knowing they will have the idea what to expect in a real life trading scenario.

doomloop

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

Although there are a lot of online tutorials available but its up to the trader alone where he can find more clarity on the guides and be able to understand it more so he can perform trading successfully.

That is because of just learning alone will not help anyone to become successful trader in cryptocurrency trading. After learning people must go for practicing in real time environment; when they are willing to experience real time pressure then they can become profitable traders over the time.

Quote from: ?? on ??

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

yeah, demo accounts are needed for practicing but trading with real account only with very small capital is highly recommended so that beginners will not lose in the process of learning. Demo account may not provide the all real time emotion relating experiences.

globalpain

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Quote from: andriarto on January 17, 2022, 10:14:24 PM

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.

True. Trading is somewhat complex so you should never stops learning from it. And thanks to you OP as you provide clear guide for beginners on how to trade with more understanding and of course with long patience. Although there are a lot of online tutorials available but its up to the trader alone where he can find more clarity on the guides and be able to understand it more so he can perform trading successfully.

very helpful tutorial to learn trading, but the biggest thing we have to learn because the most difficult is self-control of emotions. many traders are unlucky because they are greedy or panic sell, even though they already have good trading techniques, but technique alone is not enough to be successful, we must also be able to manage finances so as not to make a wrong move. we have to take into account the risk and reward

Yes knowledge and skills alone are not enough if you want to be successful in trading,
after all trading can be said to be very complex and we need to control ourselves,
So I think it's something like this that also needs to be realized

andriarto

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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.

True. Trading is somewhat complex so you should never stops learning from it. And thanks to you OP as you provide clear guide for beginners on how to trade with more understanding and of course with long patience. Although there are a lot of online tutorials available but its up to the trader alone where he can find more clarity on the guides and be able to understand it more so he can perform trading successfully.

very helpful tutorial to learn trading, but the biggest thing we have to learn because the most difficult is self-control of emotions. many traders are unlucky because they are greedy or panic sell, even though they already have good trading techniques, but technique alone is not enough to be successful, we must also be able to manage finances so as not to make a wrong move. we have to take into account the risk and reward

sheenshane

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It's a nice blog and this will help people who want to be a trader but if you're from the scratch, you have a lot of things that you learn not only by reading the article. There are too many factors to consider before you will become a good trader, in your "Traits needed to be a good crypto trader" I have something to add with your criteria list and it is "greed and focuses in your goal".

It's a very crucial part of trading when you have a lack knowledge on trading because you're in hurry on it without the patience to make study and research, people like you is what newbies looking for, it's a great help for them to read your article that full of knowledgable content.

Vaculin

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Winding down.

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.

True. Trading is somewhat complex so you should never stops learning from it. And thanks to you OP as you provide clear guide for beginners on how to trade with more understanding and of course with long patience. Although there are a lot of online tutorials available but its up to the trader alone where he can find more clarity on the guides and be able to understand it more so he can perform trading successfully.

crzy

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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.

Alisha-k

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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

It takes dedication and determination for one to excel in trading, the risk in it is enough to sweep anyone off their feet but when you're determined to make it, you tend to stand out in all you do.

bittraffic

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Quote from: jstmtlqc on January 16, 2022, 07:47:17 AM

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.

Yes, I agree.

S/R is just one example that I wanted to give. I also show some patterns but not all. I didn't get into candlestick as I never traded them.

Ill try to have a look at candlestick pattern to see if I can suggest a couple of formations for the readers.

Thanks for the feedback

Sometimes the newbie is actually looking for a simple strategy to follow for him to start with.
What some a newbie just want is a trading pattern like when MAs cross and RSI touches the -30 in the 1hour chart it's time to buy and when it hit the +70 on RSI, it's time to sell. It's the kind of strategy a desperate one need.

In your blog though, you cover it all which is good but it's a long route. Next blog entry, you can assume that the reader already learned how to operate the tradingview.

jstmtlqc

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Quote from: Wexnident on January 15, 2022, 07:24:18 AM

Well, tbf... I think most stuff could be looked up online? There's a lot of guides out there and if you're stuck on not understanding something, well, look it up again. It's like creating a network of resources that you can use to slowly translate what seems like gibberish to you into something meaningful. First steps are usually the hardest to take since you don't actually know where to take it, but even with that, just keep persevering and give yourself time to learn and it should all gradually fall into place.

Yes, most of it is already available online, but in separate parts often. And sometimes, its not the content that is important, but the way that it is presented.

What is clear for a reader, might not be for another one.

Many new traders ask me questions that seem so basics. Now I can redirect them to this guide and it can answer most of those basic questions.

Topic: A guide for beginners to learn trading - page 4. (Read 701 times)