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Digitalbitcoin

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Quote from: Obari on August 02, 2024, 03:58:01 PM

Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

I think for better visibility and appropriate response you should move this thread to the trading discussion as you’ll get people with like minds and adequate knowledge to respond to your quest.
Another things is that you shouldn’t jump into depositing money and you just start with a demo account and try getting used to the broker before trying to make any deposit and also remember to trade only amount you can afford to lose and also try to make your risk with the help of the stop loss and take profit tools and they will help you maximize profits and minimize losses

Completely agree.

Don't want to discourage to OP, but still don't just become victim of influencers.

Trading is not that much hard that anyone can become expert, it takes time. This is not get rich quick schemes.

And as I said anyone can become expert but it needs more practice, analysis, monitoring and many more things in discipline.

Due to digital marketing strategies more new users are getting start but failed to reach to goal and get lost due to greed and fear.

And to get over greed and fear anyone needs proper knowledge, information and most important intelligence.

Hope OP got my point.

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Quote from: Obari on August 02, 2024, 03:58:01 PM

Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

I think for better visibility and appropriate response you should move this thread to the trading discussion as you’ll get people with like minds and adequate knowledge to respond to your quest.
Another things is that you shouldn’t jump into depositing money and you just start with a demo account and try getting used to the broker before trying to make any deposit and also remember to trade only amount you can afford to lose and also try to make your risk with the help of the stop loss and take profit tools and they will help you maximize profits and minimize losses

Know that there are no shortcuts to trading. You may find it hard and difficult to learn trading these days but with constant reading and learning from different youtube videos, and of course learning from the experiences of reputable traders here in the forum, you will it easier to trade later on, and never expect that you will make consistent profits with trading, but you can always maximize your trading profits more than your losses, that is if you chose to learn trading the hard way.

Obari

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

I think for better visibility and appropriate response you should move this thread to the trading discussion as you’ll get people with like minds and adequate knowledge to respond to your quest.
Another things is that you shouldn’t jump into depositing money and you just start with a demo account and try getting used to the broker before trying to make any deposit and also remember to trade only amount you can afford to lose and also try to make your risk with the help of the stop loss and take profit tools and they will help you maximize profits and minimize losses

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Quote from: Davidvictorson on July 27, 2024, 04:46:57 PM

Move topic to trading discussion board. Trading is not easy and if you plan on moving out of your parents house in the next 6 months with the profits you made off of trading, then I will advise you to find another things to do because it is not going to be possible for a complete noob like you. Do not take this as a discouragement but look at it realistically, it will take time say a year or two before you make any actually profit from trading. You have to begin from learning about trading fundamentals and a simple google search or even YouTube can help you out. The fundamentals will slowly introduce you to the seemingly complicated stuff.

Exactly you are absolutely correct, the topic is some worth off topic it should be best discussed in the trading session. However, trading can be very complex even to experienced ones let alone a beginner, op might just be making a very big mistake by thinking he can get such a quick money from trading at easy perhaps watching YouTube videos isn't enough because there are influencer who makes trading to look like an easy way to make quick money which can be very deceitful, I will advise him to look out for other means of income and start building a portfolio in Bitcoin through the DCA strategy in order for him to understand the market dynamics properly.

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

We make mistakes and the wise ones learn from them while those that are recalcitrant or too ignorant to accept their mistakes continue making more and more, leading to losses. Complicated videos are the ones available on YouTube. It's very necessary to learn the basis of trading before diving all in because it's been really a hectic day for the newbies that refused to learn. They've lose some substantial amounts while others have liquidated their trading accounts.

Sexylizzy2813

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OP you want to become a trader and you and I know that every new thing in life is never easy to learn too fast (depending on the individual), now you talking about trading or investment they all has to do with the involvement of money, you need to be ready to get to that path where you would be the one to decide for yourself and from the looks of things I think you have not made any move neither are you ready to get started and for ones don't see your self as a newbie when it comes to something you want to engage in, you're a newbie base on ranking on the Forum.
I'd say you keep watching those YouTube videos it will expand you knowledge, while you still seek for advise from members you think can help out on the Forum, the major thing is having that focus on what you want to do as long as it makes you happy and when you put that idea of you wanting to learn trading so that you can leave your parents house, I'll tell you for free that you might make some mistakes because you are only doing it for the sake of leaving the house to stay on your own, just take it as something you need to do to achieve greatness not that you doing it to run away, that aim isn't healthy to me, do whatever you want to do for you.

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

It seems you question is ideal with the Trading discussion thread, people discuss here what are the trends, market situation and other signals could be helpful to your trading journey. Well if you really want to get out or live to your own having a job is suitable you cant make a trading journey without having a capital at all you must need at least money to cater this path, again as you we're saying you are a beginner there's a chances that you will lose up your trade and you don't want to ask money to your parents don't you?. Its okay to have a source of income and make trading as your part time once you are now confident I guess that's the time you will go for a full time trader to satisfy your needs.

RTX-G53

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Bro, trading is not something to learn quickly, to be an experienced trader you need to learn something, learn every aspect of trading very well, and it will take you at least 6-8 months to learn everything well. So don't rush, take some time, trading is not a thing to rush, here you have to learn everything well, learn everything about risk management well and always be cautious about risk. And never trade with emotion. Also there are many more important things, which you need to learn 100% thoroughly, and it takes a lot of time. And you should only trade with the money you can afford to lose, because trading will never always give you profit, even those who are trading experts, they also lose money after trade. So be careful what you do. Best wishes to you.

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

Like seriously? You want to get out of your parents house and trading is what you could think of? This is never the solution to your problem. In fact, it will add a new problem to you as you'll become depressed and helpless. Don't be deceived by what you are seeing online, it's a trap to lure you. Moreover, some of them are using that to generate traffic and make extra money online.

The first step to become unsuccessful in trading is venturing in with the intention of making money. Quite alright, trading is all about making profits but as a beginner that's the least thing to think of. You should first of all dedicate your time to learn and master the key aspects before thinking of achieving whatever aim you have. You can not set target for what you have no idea of how it works.

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

You will certainly find it complicated watching those trading graphs and all its stuffs when you don’t have clear understanding what trading is all about and how to make a successful trading in the market. With that, you need to focus first on studying about trading and read as much as possible until you will start to perceive the real concept and perspective in trading. Reading the forum’s trading discussion board will help a lot, don’t ask yet but take time to read and do some researches about trading first, and when you still find it hard to understand the concept of trading, that’s the time you will ask help from your co-members in the forum.

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

You have been given some list of links you can go through maybe you’ll not be confused when you watch them. As a beginner, getting confused is bound to happen. You might not get it the first time but when you try again and again, you’ll get to be understanding them gradually. Those complicated stuffs looks like that to you because you’ve gone deeper into where you shouldn’t have as a beginner until you’ve learnt the basics very well. As you’re planning to make something big out of trading, it will be better to see it as a part time work and not a full time one. The market is very volatile, no matter how good you are, you’ll incur profits and losses in the market.

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie?

The best beginner advice or guide that we can tell you is to become a holder. You're still a trader though, but you need to be more patient than a typical trader because it's about how long you're about to hold.

Quote from: Gregur on July 27, 2024, 04:32:08 PM

i really want to get out of my parents house lol , help will be appreciated.

Start looking for a real job if you want to be an independent person. That's how it starts if you want to get out of your parent's house and be reliant on yourself. It takes time to be a profitable trader and it just sounds good upon hearing that it is your occupation but the reality is that many are losing being a day trader.

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.

If getting out of your parents house is the reason you want to learn trading, I am afraid, it might not work well as you planned. You first need to get a job or offer a service that will be bringing a steady income, then you will continue with your trading journey. You need to learn very well before starting to trade with real money. You also don't go borrow one time money from parents and believe you will multiply it through trading. Trading isn't a guaranteed money doubling scheme. It will be fine if you make it passive way of earning.

You can also visit a board dedicated to trading, there you can read posts and articles about trading.

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There are many ways to learn trading basics. I want to give you some links so that you can read and learn.
1. Investopedia - Trading
2. Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond

You can read this book for better understand.
Thank you.

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Quote from: Davidvictorson on July 27, 2024, 04:46:57 PM

Move topic to trading discussion board. Trading is not easy and if you plan on moving out of your parents house in the next 6 months with the profits you made off of trading, then I will advise you to find another things to do because it is not going to be possible for a complete noob like you. Do not take this as a discouragement but look at it realistically, it will take time say a year or two before you make any actually profit from trading. You have to begin from learning about trading fundamentals and a simple google search or even YouTube can help you out. The fundamentals will slowly introduce you to the seemingly complicated stuff.

If you really want to move out from your parents house, get a real job that will pay you regularly, and make trading as your side hustle. That way, even if your trading activity fails, at least you still have your constant income coming from your job.

Learning trading may take some time, and it would take a year or two before you can be a profitable one. For now, DYOR is the key, and learn from the experiences of early traders. That will help you to clearly understand the real concept of trading, and how to take advantage on it.

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I don't want to discourage the OP, but cryptocurrency trading is one of the most risky, and it may take years to get good at it (if it ever happens at all). Some research shows that only about 5% of those who do it have any significant profit, all the others lose money or give up after a while.

Neither is Bitcoin magic money, nor does money grow on trees, so I recommend the OP to think carefully about whether he sees his future in crypto trading.

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Any wish can be fulfilled, but you, OP, as you can easily guess, are in a hurry. I am not a trader; I will not dissuade you or, on the contrary, agitate you, but I will simply say that if you cannot step by step learn all the incomprehensible words that people talk about on YouTube, then you have not yet lifted a finger to do something yourself. I only know that trading is not for weaklings, so be prepared for mistakes, on which your experience will be built or not. Collect as much information as possible, do not rush, be consistent in your learning, and, of course, start working in such a way as not to spend your parents' money. In addition, be grateful to them, since it is obvious that you do not have free money, but you still hope to get it from somewhere (probably your parents)

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Quote from: Gregur on July 27, 2024, 04:32:08 PM

Hello , i want to become a trader but iam a total begginer

As a beginner, wanting to become a trader is risky. You will have risk of loss of your capital by trading. You need to learn about Bitcoin, blockchain, basics of wallets, storage, transactions to avoid losing your bitcoin by inappropriate storage, transactions.

Then you can continue with investment, not with trading because as said, trading contains bigger risk than investment.

How to invest in Bitcoin?
There are many methods but DCA is good to use for newbies.
https://dcabtc.com/
Work, get money, use it to DCA bitcoin with time.

nakamura12

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Since you are a beginner in trading then you should study more first before you actually start trading. Trading discussion board would help you learn more about trading. Trading isn't easy that's why you have to learn first. There's also trading terms that you need to learn and there are demo trading that you can use if you know what I mean or you may have seen from an video ads. You should get a job and you should have more than one source of income.

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Usually, I don’t get in the way of this kind of post because, it’s only natural that people come in here from time to time and would see a need to be shown a path.
While I might take concern on this one is because, there isn’t any particular need to create this thread, given that there are a couple of them, about 3 by my count, right on this first page of the B&H board as it is.

What stops you from opening either of them and just run through what is already provided there… it doesn’t make a lot of sense, creating a new thread just to say the same regular thing like, am new here. That’s not how we roll here.

Topic: Beginner here - page 2. (Read 694 times)