Topic: dummy on Trading (Read 429 times)

I understand you are new in the world of trading, so the articles you read, you consider to be dummy on trading. Though not all articles
about trading is bad, you might follow trading signals in several articles without analyzing. Because we cannot follow other people's signals
directly, we must analyze all the signals we get. So we understand which signal is accurate and when we can follow that signal. Because
cryptocurrency trading is a high-risk activity, be careful following the trading signal in the article. Always do research and analysis to filter
the information we get from an article.

True! You can't expect anything good to come to you without putting effort to gain it. Doing research is extremely critical in this cryptocurrency world! There are no completely trusted sources of information. Considering different sources of information to confirm the intel that you have collected! Besides, equipping yourself with fundamental knowledge, learning techniques, and skills are also important to be a good trader!

One of common mistakes of people who do just recently jumped into a particular thing on where they do rush things up and when they do found out a single resource and sees that it isnt really that helpful
then they do generalize it all and presuming that others would have the same thing without even thinking to research up for other resource and we know that internet do provide all of things,
it will really just matter if you do put efforts on making up a research.

We do start all from scratch and it is really a wrong mindset for a person to think of that they can learn everything overnight and make quick bucks.

You're not a dummy trader since the strategy works for you and you need to understand that knowing the fundamental analysis part of market price prediction is not enough to make you a successful trader because you'll still need to combine the things (news and whales accumulation) that will impact the market price but you need to be sure about the genuine information provided by the news/article site.
In the mean time, what you need to be pro in trading can find on Binance academy page, investopedia TA and FA.

My advice is quite similar to what other people have to say; you should try to follow up with the coins you're trading and don't be in a rush to make money, there is nothing wrong with making little profit. You can be trading and making little profit but as time goes you will be accumulating more and more. Try to read more news from trusted platforms about the coins you're trading.

You can make use of platforms like Cointelegraph to get news and if the coins you're trading are among the top ten, you can be checking out their top ten cryptocurrency analysis, they will really help you to go far. And it would be best if you can learn how to do the technical analysis so that you wouldn't have to rely on anyone to do that for you.

Learn trading slowly because you will not become a trading master automatically. And also ,do trading with your own strategy and continue learning. Also ,always remember in doing trade don't panic if the price go down ,instead be patient and be a risk taker person to avoid loses. Crypto market is volatile and the flactuate of the market is a normal scenario.

It would be safe but most likely you'll never get the profit if I compare when you hold crypto currency like bitcoin.

At least you have a chance to gain profit, moreover with the current market right now almost crypto currency prices are trying to increase.

It would continue for several months ahead, there is some analysis who revealed that crypto currency prices are in the bull run market.

You can check it and do your own research before you try to deposit your money and choose reputable exchange.

You need a lot of information, don't just stick in a single source of knowledge especially that there are a lot of factors that you need to consider or focused on when you engage in trading. Or if you know someone that can give you some tips and advice in trading, you should seek for them for a more practical and easy communication.

There are videos that can help you, not only an article, but visualizing the happenings in the market can really give you realistic idea that you can use in any transactions. You just need to adapt and adjust on the market, apply the things that you've read and acquire by reading those articles.

 

you said you are new on trading so trading for dummies are the one that suites you the most and dont tell us that you already read them all because trading guides for dummies or for newbies do also compose of long pages that tackles several aspects . you cant also expect a straight to the point strat for trading because they arent free or sometimes not for sale  because traders do also take time to create these strategies . you should also create a strategy for your own self as soon as you arent  a newbie anymore

It depends on yourself. If you okay with the fluctuating of the price, you can keep it at the exchanges, and don't converting. But if you have skills, then you can try to trade it so you will have a chance to increase your money. USDT will help you from reducing the value of your cash, while bitcoin price will make you panic if the price is down, so you need to decide, whether you want to hold it in USDT form or bitcoin form.

Just do not rely on ONE ARTICLE. If you think those charts, indicators in an article compplicates things as a newbie trader, then find another resources that explains well about those tools. You can also rely other tools like youtube for better understanding.
 
 I know it is hard for a newbie to trade when you do not have strong weapon (wisdom) like technical and fundamental analysis. But it takes time and do not rush things. You can still do some trial and error. From that, you will gonna learn something.

good advice. 

Many new cryptocurrencies are used in transactions. Is it important to study their history or is it enough to check the charts?
Is it better to invest in unknown currencies to start with low risk or to use the BTC/USDT market? Because the rate of change is so intermittent

another question is there are 2 most market, X/USDT and X/BTC
which one is more secure because each of them has their own trader and huge live transaction

is it safe to keep currency for a while like 1 or 3 month or its better to play with it by converting ?

Since you're just starting out as a trader, It'll be essential for your trading career if you can get some trading skills, even though it's just the basis for now. Instead of just reading of bunch of random articles, I siggest you checkout the following resources.

1. https://babypips.com - Every Professional trader had to, at some point, learn the art of trading the markets using techniques like Technical Analysis (TA), Fundamental Analysis (FA) & Sentimental Analysis (SA). Babypips provides a solid background to get started with these techniques. It'll take a while but trust me, It's worth it. Especially in the long run.

NOTE: You can skip the first couple of lessons about history/definitions of forex market and terms.

2. Explore https://YouTube.com  – There's plenty of trading content that you can learn from on YouTube. But it's easy to get overwhelmed by them so I suggest you checkout some of the videos and pick an instructor that you understand wel l.

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At the end of the day, practice will always make perfect. While learning, you can apy the techniques you learn by paper trading or use a demo account  to practice. Goodluck.

Nope, this isn't a dummy way to trade. You're doing the right thing, provided you're picking profit from it. Except you're referring to trading on the Tabtrader or any other reading app with the exchange API, which shouldn't be for you now. I think going into all that at the moment will be a lot of complications for you as you're new to trading. Just stick to what works for you. Sell when you think price will crash and buy when you think the token is about appreciating. Keep your emotions in  check and exercise patience a great deal.

These are good advices, guys! Please, stop thinking that some trading signal groups will help you to be successful in this market. You can take a look at their signal as an advice, but you have to check it yourself. If you want to check it yourself, you have to learn, practice, fail, learn, practice, so on. It is impossible to avoid risk of losing your capital in a business. A good trader will know how to minimize the risk by learning how to do risk management. A good trader will know how to avoid scams and losses by equipping themselves with knowledge, skills, experiences,..

tx harizen from your advice i will stay on it and follow your advice about learning deeply.
let me change my question in this topic:
which tools are you recommend working with charts?
ive follow lots of article about candle sign and charts in theory and now need do do my work on charts
i dont know how people guess Digital currency behavior and trade but i know you guys are pro and can help me,

Learning all stuff, information, strategy, analysis, etc. aren't done overnight.

You are "new" to trading so expect that it's difficult to keep up on the early phase. If trading is just as easy as 1,2,3, then no need for those articles you already read and encounter.

You can't prevent losing but somehow you can manage to minimize the risks of losing. You can't defeat the volatility of bitcoin as that was unpredictable. That's the sense of reading articles as it will give you an idea of what will you expect on trade. Even a professional trader still lose today.

Build experience and stay away from signals. It will just give you more confused about what to do. Try to do it by yourself.

Stay away from signals groups for the most part, the vast majority of these are actually covert pump and dump groups that try to drive up interest in markets they have positions in so they can dump their coins/tokens on you later. Even the premium signals groups can have this ulterior motive.

best thing to do is just rely on the technical indicators and momentum indicators available on platforms like TradingView and NewsCrypto etc, you can use this information as the basis of your trading decisions, but you should also rely on the overall trend. Follow the trend and you'll be fine.

If articles are not proven beneficial for you why not start learning trading on other sources such books, videos, and online courses. The books and videos in Youtube can be helpful and I know you will pick up a lot by taking down some notes while you are studying them. Looking at free technical analysis courses online is also helpful as they offer unique learning experience as well as maybe give you a different approach in trading, I've just googled one right now and Udemy is currently offering a free technical analysis course in their website. Aside from that what I also usually do is to check out technical analysis of other people in tradingview as most of the users their offer up good explanation on their chart analysis. As a trader you should always strive to learn and learn and not look for shortcuts like trading signals as they are just there to profit from you.

Not all online articles are useful. Their articles contain basic information, which is of no use. Again you will find many articles online which are very useful, for this you will need to search and find them. And the most important thing is to know well about trading. If you don't know anything about trading then you can't verify good or bad. Build your trading knowledge first. If you do not have the knowledge of trading, no exchange will bring you good results. There are many articles online that will help you.

First of all you need to learn first the fundamental of trading in able for you to identify which are your so called dummy article and not. You can't verify it if you don't any basis on it, For starters I suggest that you download tradingview and browse live feed of idea there. Follow those user that already prove there skills which you can see on there profile. In trading, you will a lot of Technical analysis with complete text and graphical explanation that newbie can understand.

But if you are really serious to on trading and you want to become PRO then you need get a menthor or apply in online trading class. NEVER believe on signal group because its a trap. Your money will just suck by those who made the signal call because before they announced it, They already have a position on that particular coin.

There is no such thing to prevent losing on trading, you will lose but to minimize it you need to set stop loss. It is better than losing a lot right. Especially on Binance futures if you are not setting up stop loss and you leave your position overnight open you are in danger and high risk of being liquidated considering leverage trading has more risk than spot trading and the market is very volatile.

Well, I would say learning English a lot better is very important in this line of work. If you have great English, you would also read better and when you read better you would understand better. I have been trying to improve my English for a long time now so I know how it must feel when you read something and you think you understand but when you go back and reread it you realize you misunderstood the first time. All of that could hurt your trading if you misunderstand just one part of it, you might end up doing something wrong. So, the first thing you should do is study English better.

Secondly, there are tons of great traders in the wild right now, you should find them and follow what they are doing and why they are doing what they are doing, that way it could actually worth something.

lots of you offer following news about coins, do you have an idea about which service has better announcement ?
ive follow Trandingview from my phone

im not rush in trading just want to skip general info which include in all article,
like more to know about sign, how draw line in charts, which tool will help me to work with charts ...
(im working with binance TOOLS but i know there are several simplest tools that you may know for me)

You did not tell us if you are profiting from your so called dummy trading. If it is so, why not build on that instead of looking for strategies which might seem complicated to you in term of usage. I am not saying it is not good to learn trading strategies but you can also have your own strategy which might even be similar to some existing trading strategies such as Fibonacci and the rest. Binance is one of the best exchange platform in the world and I strongly believe you are in the right track

If you want to become included and earn more a lot of profit with trading one of the basic things a trader must need is the knowledge that is good that you are taking time to read a lot of articles and news about the trading and the coin you want to use but again is careful because not all of the sources you get are quality or worthy because some of them are just not good content. In trading you cannot escape the phase of losing your money it is part of the trading and but still, there is a chance that you can avoid this kind of scenario. I'm a trader too in futures binance and it is easier for me to make the trade when I know what are the trends on the market graph also it is good if you know how to read the basic graphs in trading like the higher high, lower lows and etc. Next one of the most essential things you must need is the trading indicators it may help you a lot for the next movement of the coin if you are going to buy long or sell short. One of the riskiest things we can encounter in trading is the margin because it can be your friends sometimes it can be your enemy always know your limits if you think it is not good to make a trade make a skip if you know it is good to go a head, set the leverage that is you can afford. Again don't make a trade that you cannot afford else cause of liquidity and loss a lot of your income.

I don't think it was a dummy article or what you saying shit article.
Maybe you'll just be so rush to get what you wanted in life. Because it probably and most articles could actually be mentioning patience and I think this will make you upset.

In reality, you can't find a way to have an easier way of trading. And I believe that reading those articles would like to clear your mind and enlighten you up but it was so opposite. For you become tired of reading, searching helpful tips in trading, you are just closing the chances to develop and grow as well.

When you are just starting, don't expect that you'll master trading right away.

True, there's a lot of article online and not all of them are useful to you, but you need to keep searching to find information that would help you grow as a trader, continuously studying while learning from actual practice is the best solution to improve yourself as a trader, and I tell you, you need some patience as it will take time before you'll achieved the consistency you're looking for.

Make sure you constantly follow the news about the coins you are trading and possible incidents that can affect prices. For starters, you can settle with lower risk lower reward trades. Profits will add up slower but steadier. Once you are familiar with the process and how to look out for news and analyze charts, you can go for bigger trades. Good luck!

Hello
im new in Trading and just working with binance for exchange BTC to other crypto,
check signal on my way and sell them but i know this is a dummy way,

ALSO about how Trading I have read many articles that have been mostly in vain and have explained general information such as history, charts that are not useful.

im looking for useful info that i can use (like in binance)
any idea to prevent losing my time in between dummy article?