Beginner here - page 3. | Bitcointalksearch.org

PX-Z

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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..

Try to learn trading terminologies first. Don't create trading account first on any platform mentioned or being recommended from the articles you are reading. Try to learn them first. Also, are you in legal age already with IDs (Driver, Passport, National) because this documents are required for you to open an account.
There are demo accounts available online on how to trade so you can try it after learning on the terminologies, and basic trading.

If you have particular questions about trading, go to trading dicussion as recommended above for you to get answers.

[1] https://www.investopedia.com/articles/trading/06/daytradingretail.asp
[2] https://www.ig.com/en/cryptocurrency-trading/how-to-trade-cryptocurrency

Zoomic

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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.

So, how will you feel if you get losses instead and you become unable to leave your parent's house, will you get discouraged to continue with your trades? It is good that you are already making efforts to learn trading better but I just want you to expect anything from trading. Profits may come in immediately and they may not come in immediately. You need to be patient so you don't spoil your trades in a haste. I just hope you learn about all these when you finally get a complete guide on how to trade.

For now, pay attention to the trading board of this forum where you learn from the experiences of professional traders in the forum. Ask questions where neccessary. Get a job while you learn so you'll be able to sustain yourself when you eventually start trading.

ChocolateBitcoinK

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You go to the trading discussion board of this forum, you will get all the answers you need there. All kinds of trading related talks are there, you can go there and freely tell everyone about your problems, then everyone will try to help you properly.

Nheer

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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.

Everyone always seeking quick profit and think crypto is the way out, i like the way you have replied him and made it known to him that this is not something you expect easy returns from and trying to ignore the risk brain in trading will never end well especially for a beginner who barely knows much.

Trading is not a very easy thing i will advise a newbie to start, firstly there is a lot to learn which could take months so there is no rushing things else you may end up losing so much and setting a time frame for yourself is good but not in the case of trading, newbies should rather try out investing while learning the trading fundamentals.

Alone055

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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?

Trading isn't some one-time thing that you do after watching some guides and tutorials and start earning money from it, it's a continuous process that keeps changing over time and you need knowledge for it, and not just information.

The point is, you can't become a full-fledged trader from being a complete beginner in a short time and hope that you will earn a lot of money from it unless you are lucky and you make an investment in a shit coin. It skyrockets, but that doesn't happen to everyone, so don't waste your money that way.

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.

Things are not as easy as you may think they are. Even if you manage to get out of your parent's house, you won't be able to manage everything on your own as long as you don't have a stable source of income. Trading can't be a stable source of income for everyone, not until they master it and have a large capital to throw at it and can afford the losses.

So, before you make a decision and regret it later, think it through, and do that after doing some research about trading in general and cryptocurrencies, their market behaviors, profit and loss scenarios, and anything else that may matter.

Poker Player

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Okay. So you live with your parents and you want to trade to leave home. So you must have very little capital. I regret to inform you that what will happen is that you will lose the little capital you have. You will probably start with a demo account and get excited but when you start with real money as you will need too high returns to get what you want you will lose the little you have. And don't even think about adding leverage, otherwise you will be wiped out even faster.

Quote from: Darker45 on July 27, 2024, 08:18:46 PM

To somebody staying with his/her parents, trading would make that stay even longer, indefinitely. LOL!

The OP better get a real job.

Darker45

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I'm not discounting what great traders can do, but as far as my personal experience and the experiences of the people I know are concerned, trading will bring somebody staying away from his/her parents home. To somebody staying with his/her parents, trading would make that stay even longer, indefinitely. LOL!

Anyway, know how to read graphs, study trading patterns, master charting, try demo trading accounts to make you feel how it is in reality, and so on. But know that timing the market isn't easy. If you think that trading will give you independence, I'm afraid you'll be challenged.

Text

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It can indeed be overwhelming at first with all the jargon and complex charts. Learn the basic trading concepts. Understand how pairs like BTC/USD or ETH/BTC work. Learn about market orders, limit orders, and stop orders and the candlestick charts that show price movements over time. Look for patterns and trends. Many trading platforms offer demo accounts where you can practice trading without risking real money, this is a great way to get comfortable with the mechanics of trading.

Trading is a skill that takes time to develop, so be patient with yourself. Good luck, and happy trading!

Potato Chips

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yesssir! 🫡

You can try to check out the curated resources from: https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

I do agree with the posters above though. It's important to know trading ain't a get rich quick. In fact, it can be very risky esp if you're new and still trying to grasp things, even experienced traders suffer from loss as well hence the importance of risk management. There's always a chance of getting burned which would further hamper you from your goal esp if you're in a hurry.

Davidvictorson

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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.

Ever-young

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You should try and check out this trading discussion board

You will really need a lot of classes and paying attention before you can be able to start making earnings, which can take you off from your parent house.

Just take your time, don’t rush, and I will advise that when you are ready to start, you should start by learning with brokers that will offer you demo accounts to practice with in order for you not to burn out your capital before you even get started.

Gregur

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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.

Topic: Beginner here - page 3. (Read 708 times)