Topic: Getting more skills in trading - page 4. (Read 847 times)
You must be more proficient in cryptocurrency trading. If you do not have knowledge of crypto trading then you will never be able to trade in your crypto trading.You must know about signals if you want to trade. You need to be able to analyze the coins that you will be trading with. Of course you have to have good knowledge about trading otherwise you will never be able to profit by trading.
It's good to study a lot of indicators, however, you can't apply them all in your chart since it would just bring confusion to you, 2 or 3 indicators to use are enough, in my opinion. Trading profession is a long term perseverance job, you need a lot of patient and money to gain experience and to make it your foundation to make profits in the long run.
It's not easy, sometimes you'll feel like you want to give up, but you should never do that. Always finish what you've started, it's all worth the risk.
It's not easy, sometimes you'll feel like you want to give up, but you should never do that. Always finish what you've started, it's all worth the risk.
It's true that there are many skills you can gain from trading. When you decide to trade, it's a sign that before that decision you choose, of course you have prepared yourself in advance, such as finding and learning as much as possible about crypto, practicing to control emotions well and so on. Now this is also one that benefits you because unconsciously it will also have a positive impact on your daily life. You become a person who is more responsive to those around you and more patient.
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It is good if @OP can learn many lessons from here but he needs to practice what he learned to have better skills and every day is good to practice his lesson. Maybe when the price starts to go down, you can start to observe closely so you will know when to buy and vice versa. It is not easy and it needs more experience and, of course, more practice to guess where the line will go. If you feel hard to analyze the market, maybe you need to take a break for a while and learn from the other lessons so when you come back to the market, you will have a chance to analyze better.
Learning trading and all of this stuff that OP had mentioned takes more time and working hard are not enough, it should also be accompanied by experience especially in developing market analysis and decision-making. He needs not to be working hard, it rather is working smart as well and also making himself understand the situation of being a newbie where he needs to be patient in learning them all. 
The more I lose I believe made me think of learning more and be cautious of the pattern of the candles sticks and what the indicators do before the bull goes off and when the crash could possibly begin.
Feel satisfied and do not want to learn is something that will damage us, changes will continue to occur and can occur quickly, the techniques we learn some time ago certainly become obsolete today. Changes will continue to occur and continue to add abilities is that we must do.
The more I lose I believe made me think of learning more and be cautious of the pattern of the candles sticks and what the indicators do before the bull goes off and when the crash could possibly begin.
Skills are needed in trading. There are lots of tools (skills) involved in trading. The first skill is a mathematical skill, you have to understand the bits and the exchange rate of the trading platform.
Then for one to be a good trader he must start from somewhere. There's a saying that, " experience is the best teacher". You have to experience trading by yourself to improve on it.
As a beginner in a trading platform, you have to monitor all the bar charts and pie charts to know the movement of the trading.
As a beginner, he also needs guidance to guide him
Then for one to be a good trader he must start from somewhere. There's a saying that, " experience is the best teacher". You have to experience trading by yourself to improve on it.
As a beginner in a trading platform, you have to monitor all the bar charts and pie charts to know the movement of the trading.
As a beginner, he also needs guidance to guide him
If you can't find a mentor, you can also do it on your own. Use very small funds to start with. With so many tutorials you can find, you can test it by using your small funds. You can read all the books about trading but the actual experience is still different. So while you are learning, make sure you are not spending good amount of money. Don't expect that you will always get it right, you will fail but don't give up. Every trader experienced and still experiencing losses. It is your strategy how you will recover those losses.
Skills are needed in trading. There are lots of tools (skills) involved in trading. The first skill is a mathematical skill, you have to understand the bits and the exchange rate of the trading platform.
Then for one to be a good trader he must start from somewhere. There's a saying that, " experience is the best teacher". You have to experience trading by yourself to improve on it.
As a beginner in a trading platform, you have to monitor all the bar charts and pie charts to know the movement of the trading.
As a beginner, he also needs guidance to guide him
Then for one to be a good trader he must start from somewhere. There's a saying that, " experience is the best teacher". You have to experience trading by yourself to improve on it.
As a beginner in a trading platform, you have to monitor all the bar charts and pie charts to know the movement of the trading.
As a beginner, he also needs guidance to guide him
In fact no one can ever gain complete knowledge by trading, suppose you went to trade but could not trade enough. In that case you must gain knowledge from different sources or you may face big risks in trading. So no one can ever be completely wise in trading.
The truth is that one can't get all the skills that are required in trading but learning more about trading is always important in trading . What I understand about trading is that the more consistent one is into to trading the more experience to know more things about trading, getting more skill is with time , it can't be achieved in a particular time.
Learn everything along the way and dont make yourself rush on making profits or minding out that much because it would really be just causing some desperation whenever you do make out some trades.The only way you do get learning or skills is via through experience and this would surely takes time and dont rush up because this isnt how these thing works. Get skills and learn from those mistakes
because it would be inevitable for you to encounter those things ahead. It is part of the learning process.
Also try learning to trade by trading real money not the demo because there will be no risk to it. With risk, a new trader will feel the pressure to learn more as they lose money.
The more I lose I believe made me think of learning more and be cautious of the pattern of the candles sticks and what the indicators do before the bull goes off and when the crash could possibly begin.
The truth is that one can't get all the skills that are required in trading but learning more about trading is always important in trading . What I understand about trading is that the more consistent one is into to trading the more experience to know more things about trading, getting more skill is with time , it can't be achieved in a particular time.
Learn everything along the way and dont make yourself rush on making profits or minding out that much because it would really be just causing some desperation whenever you do make out some trades.The only way you do get learning or skills is via through experience and this would surely takes time and dont rush up because this isnt how these thing works. Get skills and learn from those mistakes
because it would be inevitable for you to encounter those things ahead. It is part of the learning process.
But, these newbies do not know that, and assume that crypto is a get rich quick scheme and they approach it that way. So, they put a lot of money into the most idiotic stuff and hope that it will do 100x and they will get rich and do that multiple times and get rich beyond measure. Which we all know won't happen.
This wrong belief will stick mostly to the newbies and will be passed onto the next generation of newbies.When I was new, I've thought of the potential and trading is no different from doing in stocks and crypto. It's achievable but it takes time until you get to see the success that you formulate before doing.
Putting 100x in leverage while being a newbie is an actual gamblers attitude and whether they know or not what they do. I guess they're all aware of the consequence of doing it.
People need to realize that the road to success is paved with pain and mistakes. You can't become a great trader by just being one, people are not born as great traders or terrible traders. You become one, and in order to become one you need to learn and do better. This is why I believe that it is quite important for people to understand they need to spend a lot of time at this.
You do not become a great software developer overnight, you do not become a great accountant overnight, and just the same you do not become a great trader overnight neither. Yes, the difference is that you may risk so much of your money into it, but that doesn't change the result.
Unfortunately people are looking to make profit the quickest way possible. I do not know why, I mean it is obvious that you can't really get wealthy that quickly and there is no method that you could read that will make you rich that way. We all know that wealth is not easy and if it was that easy then everyone would have done it. You do not become a great software developer overnight, you do not become a great accountant overnight, and just the same you do not become a great trader overnight neither. Yes, the difference is that you may risk so much of your money into it, but that doesn't change the result.
But, these newbies do not know that, and assume that crypto is a get rich quick scheme and they approach it that way. So, they put a lot of money into the most idiotic stuff and hope that it will do 100x and they will get rich and do that multiple times and get rich beyond measure. Which we all know won't happen.
It is good if @OP can learn many lessons from here but he needs to practice what he learned to have better skills and every day is good to practice his lesson. Maybe when the price starts to go down, you can start to observe closely so you will know when to buy and vice versa. It is not easy and it needs more experience and, of course, more practice to guess where the line will go. If you feel hard to analyze the market, maybe you need to take a break for a while and learn from the other lessons so when you come back to the market, you will have a chance to analyze better.
Learning trading and all of this stuff that OP had mentioned takes more time and working hard are not enough, it should also be accompanied by experience especially in developing market analysis and decision-making. He needs not to be working hard, it rather is working smart as well and also making himself understand the situation of being a newbie where he needs to be patient in learning them all. if you use a simple way to know when we should buy and when we should sell, I think you have to be loyal to watch the market movement. the market will always change, when the market goes down you must dare to determine the support line on the chart, with reference to the previous market chart. It will help you in a simple way to trade.
Watching the market when to change all day is a stressful thing to do and that is not so simple as you think. What the OP need is an experience and knowledge to all of what he listed. Though, OP seems to not be that active in engaging and exchanging topic with the rest of us so if someone find this topic it's not that useful to them. They rather do their own research or find a good source of information and luckily we have the beginner's and help board where important topics about Bitcoin that was aim to educate the newbies.Its a matter of personal kind of effort and understanding on what are the things should be done realistically and wont really be relying that much with others but rather discover
it for yourself which is a must thing but its not bad to snip out some ideas for your benefit but of course dont expect or anticipate that much to be effective because to mind off
that we are just all speculators on here which means that every analysis and speculation would be all totally random whether it works or not.
Always try different techniques and strategies until you are certain and comfortable of what you are doing, although, this might take some time especially the money.
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OP, we can only speculate on where price is headed and likely places to hop in or out but can't be too certain of it. Let me quickly reiterate that it's better to guage the market from the indicators that lead, rather than those which lag. Of all those indicators you've there, Pivot Point and Support & Resistance are the bomb. Concentrate and rely more on them to pick your trades.What you need is hard work and looking at the things that you have mentioned you can achieve them if you have passion for trading
Working hard is a cliché. There's a paradigm shift now and we tend to see it as, "working smart". If it were by hard work, a lot of the top wealthy guys won't be counted in the scheme of things. Working hard is strength while the other is brain work. 
The truth is that one can't get all the skills that are required in trading but learning more about trading is always important in trading . What I understand about trading is that the more consistent one is into to trading the more experience to know more things about trading, getting more skill is with time , it can't be achieved in a particular time.
As you continue to move forward, it's impossible that you won't learn unless you are not really interested in what you are doing. Newbies don't have to literally learn all the notes they will encounter but learning the basics should do. During their progress, other things will be automatically learned on the way.
Like in any other activity we do, as long as we are serious to learn something, we will get used to doing it.
We need to spend time and focus on how to learn trades. No shortcuts.
Yeah you are correct. Everything about trading is not what anyone can learn in a day. The first thing is to learn the basics of trading and after you have learnt the basics, you can then go forward to start trading. So many other things are what you would need to acquire through the experience you are going to have in cryptocurrency trading as you have started.Like in any other activity we do, as long as we are serious to learn something, we will get used to doing it.
We need to spend time and focus on how to learn trades. No shortcuts.
So, it is not compulsory that anyone who wants to become a trader will have to learn everything, that’s a really good point that you have made. One other important thing that newbies should know is how to also manage their capital.
We all have different ways of trading but time and knowledge is best teacher.
Time through experience worst and the best with trading.It's true that those factors that have been said by OP really are going to help to become better. I've been seeing candlestick analysis as well as Fibonacci.
You choose where you're comfortable because these strategies are guides and they really are effective if you get to master them or at least tried for so many times.
Successful traders today aren't those type of traders that gave up easily. They were the ones that has the perseverance and have a not giving up attitude despite of being unsuccessful with their early years or months of trading.
It becomes handy when you apply what you've learned in your losses and then eventually formulating the strategies that suits you and your trading style.
Then, at that point, you can learn assuming you do the experience, which is a reason for upgrading hypothetical information, and exchanging implies losing, and along these lines you should focus on the mental perspectives. Rehearsing likewise implies you need to manage feelings which you don't insight on the off chance that you simply watch YouTube exchanging instructional exercises.
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