Before getting into trading - page 4.

mamahdedeh

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Quote from: Fakhrulenclix on November 01, 2021, 02:15:45 AM

I don't think it's necessary, it's enough to know the basics of trading by learning through several sites that discuss trading, but the most important thing in my opinion is to know a lot of things from the experiences of friends or people who trade first.
and for the first time to enter a trade, it is highly recommended to bring a small capital to avoid unwanted risks, the best learning is with our own experience. So, that's why when we understand the basics of trading, we can just trade with a small capital from where we will get a lot of learning.

Unlike me, taking a trading course will be better to form the basis of our trading, and we will learn faster, but also we have to really choose a tutor to teach that trading. in learning to trade through the site, for me it is better if we learn from a book whose author's credibility is clear, so that it will be easier to lead us to the right learning

Fakhrulenclix

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I don't think it's necessary, it's enough to know the basics of trading by learning through several sites that discuss trading, but the most important thing in my opinion is to know a lot of things from the experiences of friends or people who trade first.
and for the first time to enter a trade, it is highly recommended to bring a small capital to avoid unwanted risks, the best learning is with our own experience. So, that's why when we understand the basics of trading, we can just trade with a small capital from where we will get a lot of learning.

clorasteinberg

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At this stage, learning should be our complete focus, but where you learn from is equally important because quality content is less and can be misleading.

There are very good freely available resources on youtube and forums. When in the learning phase, traders should stick to limited but quality learning resources. Learners can move to paid courses after finishing free ones.

Bollexz1

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If you want to pay to learn trading, of course you can pay and enrolled yourself in but I'm sure you'll only be taught the basic and some money management skills. Which I still consider good though, because motivation and head start are what some people need to join the space.

LUCKMCFLY

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Quote from: Myleschetty on October 25, 2021, 10:12:42 AM

Quote from: ?? on ??

To be honest, I don't quite understand those who start working without experience. You need to understand that this option most often ends with only losses.

You may be right but not in every situation cause they depend on something. Ask yourself, who trained the first Doctor to be existing in the human race? Who trained Norton and every other scientist in human history?
The main reason why people make especially the newbies make lost is before they don't do adequate research though a mistake is expected in the first step.

His point is very good, but currently there are many guides, mentors, and especially books, many can start operating, but what they do not measure is the amount of money they can lose, whenever many newbies start thinking only about what they want. they can earn more not on what they can lose, and that is a rookie mistake, because every trader before operating must allocate money willing to lose, but the main thing is to think that way.

If we trade based on gambling and luck, the money will go quickly, there will be no option to win anything, because the thought would be based on winning no matter how, and if this happens you cannot learn and if you do not learn it is translates into loss of money.

taufik123

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Quote from: Buntel168 on October 30, 2021, 08:36:17 AM

Not really necessary but important because we must know how to start trading. at least we know what indicators to use

Before studying indicators for trading analysis. The first step that must be done is to know the basic knowledge of trading, the terms so that it is easy to continue on the use of indicators. If support and resistance alone do not know, it is necessary to study again.
There are many tutorial videos on YouTube and can help in the process of learning technical analysis. It all depends on the willingness to learn. There's nothing wrong with taking a course, but it all depends on your intention.

AicecreaME

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Much better if you'll watch tutorials on youtube and read books about Trading, so you could maximize your knowledge about Trading. Also, self studying is a time convenient because you'll set your own time when to start studying, unlike when you're taking a course about Trading, you'll pay for it, only limited topics would be tackle, and you don't set your most convenient time to attend lessons.

Buntel168

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Quote from: amirahmed on October 20, 2021, 07:10:22 AM

Is it really necessary to take a course before getting into trading?

Not really necessary but important because we must know how to start trading. at least we know what indicators to use

livingfree

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Quote from: Sihab76 on October 28, 2021, 07:54:06 PM

There are no special books or courses on trading. You must be experienced to trade. Inexperienced traders may incur losses when trading. So update on different channels before you trade You will know the news.

Inexperienced traders, it's normal that they'll be into losses at the first time they trade.

But that's the foundation that they are setting and it's going to be the time that they'll have to thank those losses because they'll be the ones that shall give you strategies when you improve.

It's the teacher where you'll be learning how to be better.

Silberman

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Quote from: Fredomago on October 27, 2021, 02:59:33 PM

Quote from: nurilham on October 26, 2021, 06:09:12 PM

depending on the course, if the course is paid then there is no need to do that because there are many free courses that you can take so you don't have to pay for the course. increasing knowledge before trading is very important so that we can also trade well and think carefully. you just need to keep adding skills whether it's via the web, youtube, groups and I think it will be very helpful. don't be afraid to keep practicing and practicing so that we can find our own feel in trading.

It's a non-stop learning process you can't just read and watch and practice but you need to go deeper and experienced the actual trading to see how much adjustments you need to have a better chances of success, if you are into this business, you have to make sure that everything is really in your control, emotions and a good balance with your finances.

With those two characteristics, you are capable of developing more skills that will continue to help you to learn the deeper part of this business.

Do your DYOR and keep doing a good assessment inside you. It will help you in doing good judgments when deciding your position.

This is what it must be expected by anyone that desires to become part of this market, in a way it is no different than many other professions, for example a lawyer cannot simply go to school to get their diploma and hope to get a lot of money, they need to study more and more in order to improve, and if a law changes then they need to get aware of it so the next time they get a case they do as well as they can and then they get good reputation and keep getting hired, trading is similar, anyone that thinks that they only need to read a book or two about it and then they will become great traders are completely mistaken.

Sihab76

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Quote from: amirahmed on October 20, 2021, 07:10:22 AM

Is it really necessary to take a course before getting into trading?

There are no special books or courses on trading. You must be experienced to trade. Inexperienced traders may incur losses when trading. So update on different channels before you trade You will know the news.

jaberwock

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Quote from: Fredomago on October 27, 2021, 02:59:33 PM

It's a non-stop learning process you can't just read and watch and practice but you need to go deeper and experienced the actual trading to see how much adjustments you need to have a better chances of success, if you are into this business, you have to make sure that everything is really in your control, emotions and a good balance with your finances.

With those two characteristics, you are capable of developing more skills that will continue to help you to learn the deeper part of this business.

Do your DYOR and keep doing a good assessment inside you. It will help you in doing good judgments when deciding your position.

"do your dyor" is basically "do you do your own research" Cheesy

dyor already means do your own research. Also I agree with you 100%, not only you need to master what trading is like, and learn the very depths of it. You also need to arrange something that is perfectly profitable just for you, every person has different needs and desires and wishes, so what you want from trading will be different from someone else and the teachings will be very different as well.

You need to craft your trading based on what you like, and based on what you prefer it will get shaped into something you like. You also can't stop learning since there are new stuff figured out every day, you need to keep up with the times, how people traded 30 years ago is vastly different then how they are doing it today, so you need to keep learning the new methods and calculations at all times.

darewaller

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Quote from: nhaila on October 27, 2021, 04:48:22 PM

When it comes to trading, many times experience or practical subjects give more results than books. By reading the book you will know some rules of Tantric but will not have practical experience. To get good results in trading, you need to test small trades on a demo account.

Yes, all the beginners of trading must get into live markets as early as possible along with learning process. People usually think about live markets only after prolong learning phase. But, just theoretical knowledge will not help any trader to cope against market fluctuations. So, getting into demo account or trading in live markets with least capital will help any trader to become successful trader over the time.

Books and videos will definitely help traders but when you are practicing on real market then you can easily understand and get familiar to risk management and emotion controls. Honestly risk management and emotion controls cannot be learnt by learning but possible only through practical sessions.

Desmong

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What do you mean bey weekend trading and what market are you trying to bring out. Forex, Indices, crypto? When it comes to weekend trading especially cryptocurrency, things always go mad when people are resting after the weekdays trading. Most fall of the crypto market always occur in weekends. Not wrong will weekend market but most time, there is not always much liquidity.

Forex market doesn't trading on weekends except friday which do have lower volatility most time. Traders are mostly resting on Fridays. Same with Indices except deriv trading that has Boom and Crash, Volatility 25,50, 75etc.

lucates

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Quote from: amirahmed on October 20, 2021, 07:10:22 AM

Is it really necessary to take a course before getting into trading?

As a beginner is really necessary to take a course to learn the basics. Many YouTube videos are available now (but aware about scammers).
If you want to invest in crypto,

   do your own proper research.

   learn from proven mentors.

   don’t take any financial advice from anyone ( except who are
   licenced to give financial advice).

   stop focusing on the short term success.

sherenikaw

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it depends on you if you really want to take a course like a paid course. what is certain is that before entering the crypto world we must increase our knowledge and insight about the crypto world, not only through courses, we can learn it ourselves, for example via the web or free telegram groups. there is a lot to learn there without having to spend money. but if you feel you are more confident and want a course for best results then that's good. the important thing is to make sure first the course is good or not, trusted or not.

nhaila

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Quote from: amirahmed on October 20, 2021, 07:10:22 AM

Is it really necessary to take a course before getting into trading?

When it comes to trading, many times experience or practical subjects give more results than books. By reading the book you will know some rules of Tantric but will not have practical experience. To get good results in trading, you need to test small trades on a demo account.

Fredomago

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Quote from: nurilham on October 26, 2021, 06:09:12 PM

depending on the course, if the course is paid then there is no need to do that because there are many free courses that you can take so you don't have to pay for the course. increasing knowledge before trading is very important so that we can also trade well and think carefully. you just need to keep adding skills whether it's via the web, youtube, groups and I think it will be very helpful. don't be afraid to keep practicing and practicing so that we can find our own feel in trading.

It's a non-stop learning process you can't just read and watch and practice but you need to go deeper and experienced the actual trading to see how much adjustments you need to have a better chances of success, if you are into this business, you have to make sure that everything is really in your control, emotions and a good balance with your finances.

With those two characteristics, you are capable of developing more skills that will continue to help you to learn the deeper part of this business.

Do your DYOR and keep doing a good assessment inside you. It will help you in doing good judgments when deciding your position.

justdimin

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Quote from: nurilham on October 26, 2021, 06:09:12 PM

you just need to keep adding skills whether it's via the web, youtube, groups and I think it will be very helpful.

This must be very important step that we need to do before and after getting into trading. Developing skills at all possible times will help to attain grand success in trading. In reality people are more focused about developing skills before getting into trading but once they enter trading, they totally forget about fine-tuning/adding their skills which is the reason why most traders do fail over the time.

Quote from: Vaculin on October 26, 2021, 06:19:48 PM

we should have to ask ourselves first if we can manage to handle stress and losses coz this will be the life of a trader whether we like it or not.

Yeah for exact same reason, trading is not being recommended to many people. Active short term trading demands all our time and happiness hence if we are not ready to put such kind of efforts then we must switch to long term trading that definitely allow us to lead a normal life.

Vaculin

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Quote from: nurilham on October 26, 2021, 06:09:12 PM

depending on the course, if the course is paid then there is no need to do that because there are many free courses that you can take so you don't have to pay for the course. increasing knowledge before trading is very important so that we can also trade well and think carefully. you just need to keep adding skills whether it's via the web, youtube, groups and I think it will be very helpful. don't be afraid to keep practicing and practicing so that we can find our own feel in trading.

The more you were in actually trading the more it gives you an idea and enhances your skills. It is somewhat vital to have experience as not all things can just be learned through reading and watching tutorials, as the experience is the best teacher. And if we are afraid to lose a few bucks upon learning, there is no way that we are able to achieve our goal as well. That is why we should have to ask ourselves first if we can manage to handle stress and losses coz this will be the life of a trader whether we like it or not.

Topic: Before getting into trading - page 4. (Read 744 times)