Getting more skills in trading - page 5.

Fatunad

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Quote from: Oceat on March 24, 2022, 02:40:06 PM

Quote from: kamilah147 on March 24, 2022, 02:20:01 PM

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.

Oceat

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Quote from: kamilah147 on March 24, 2022, 02:20:01 PM

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.

kamilah147

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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.

el kaka22

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Quote from: tygeade on March 23, 2022, 04:05:41 AM

experience is an important part of cryptocurrency trading but even at that do not underestimate the importance of learning cryptocurrency trading before looking for gaining experiences. You don’t just create an account on exchange and start trading without having a clue of what you are even doing. You wouldn’t even know how to put a call or put option.

So, you have to gain the knowledge first and know all these things before you start your trading, and then you already have it in mind what you are about to do. And with experience you will get to better whatever knowledge that you have gotten from your training. Experience is the practical part of what you have been taught.

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.

Findingnemo

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Practice makes a man perfect that suits well for trading as well so more you are doing the more skills you can gather. Also you can try different strategies and find your own, if you are simply copying someone's don't expect it to give huge profits for you because no one is going to expose a billion dollar secret.

lixer

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Quote from: VanityWallets2015 on March 22, 2022, 02:26:34 AM

Those are just startup topics and not getting more skills? You can get more skills by trading since you would understand it well and you can make different strategies based from actual trades. I see some users for example they learn what is trend line and all the time they are forcing things that would fit a trend line and ended up losing their trade.

I think those list of yours is a good startup to understand the theory behind that topic and that is not exactly what will happen in actual trade and only through actual trading you'll understand and gain skills in trading.

It was the experience, that you will get the more you do trading but along with that, your skills will also build up because you will know some things i.e if what can affect your trade, you will create different strategies and etc.. there are things that are not fit in a single strategy, no wonder why some can lose because they keep forcing it.

I don't know if they already knew that it was not possible or not. They should not be afraid and limit their selves on one strategy because there are lots of strategies out there. It can be true that what we see is not always what we get but at least we have an idea if what to expect. It can still help us somehow.

sulendra12

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Quote from: Bushdark on March 20, 2022, 05:18:10 AM

~snipped~
I like to update this post as I learn more... thanks

Those are really good to learn but it takes time to learn whole of that aspects and you maybe have little time to learn all of that. Once you learn one aspect you will find something that you are not familiar about and that makes you learn more as you find something new everytime you learn some skills on trading. Keep in mind that you have to practice it with your real money, otherwise your skills worth nothing.

Fakhrulenclix

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there are so many theories for trading, but that's not all, as we read, there are some things that must be done to be able to apply the theory of trading skills that we have learned.
Doing hard and consistent work every day to practice the theory of trading skills that we have learned from any source is something that must be done and maintained if you want to continue trading. and all that is learned will sometimes be eclipsed by the experience of the trading experience you do.

Xampeuu

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Quote from: livingfree on March 24, 2022, 05:45:06 AM

Quote from: worle1bm on March 24, 2022, 12:18:24 AM

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.

experience is the best teacher, as well as trading, any good theory is useless if we lose in trading practice. therefore indeed in trading we have to try it many times, so that we get a lot of experience and evaluate it, by itself we will get what we are looking for. this is the same as demo trading and real trading, where during demo trading it may be easy for us to make a profit with the strategy we use, but it will be a different story after we switch to real trading, and after trying of course we will know the cause

livingfree

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Quote from: worle1bm on March 24, 2022, 12:18:24 AM

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.

Questat

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Quote from: chaser15 on March 23, 2022, 08:38:55 PM

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.

Experience is the best teacher. The more we do the actual trading, the more chance we become knowledgeable and really improve our skills and mental development ( that it talks about decision-making)

Quote

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.

And I believe this thing...
Everything should be in the process. Learning the basics, Doing actual trading, learning from mistakes, improving skills, and soon...until we reach our goal.

worle1bm

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Trading is a thing which you learn with experience over time as practical exposure is sometimes really different from what we read in these books as market shifts from the current scenario.You should have given more information about the points you were trying to explain like with some of your examples that can portray better idea about it.We all have different ways of trading but time and knowledge is best teacher.

chaser15

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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.

TelolettOm

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Quote from: Bushdark on March 20, 2022, 05:18:10 AM

Hi everyone, I have been away from this forum for a very long time now trying to learning more on trading so I can get better skills when it comes to analyzing the crypto market.

Having good reading habits and also implementing the theory with some practices will exactly help us to improve our skills and ability in trading. Moreover when we combine it with some experiences from ourselves or other people. This may work well, added with some evaluations in trading.
Some people may be good enough at improving their trading skill, although this is actually not as easy as we think. Although we have read so many collections of books, once more, no easy for trading.

Quote from: Zilon on March 22, 2022, 09:24:36 AM

Trading is not about using all the technical tools you find on your exchange to analyze a trade. The most profitable traders keep their chat simple and void of complexity. Instead of flooding your brain with complex chats its best to pick two tools and develop on them. The goal is improving your trades and making good profits complexity will only make a trader pay to the market most often

Trading will involve both technical indicator analysis and also fundamental analysis. And this should be also supported with good management of the fund and also emotions. There are some factors that influence our trading skill to be improved. Understanding and learning more about the technical analysis is also good enough moreover for daily tarding, so we can at least not only expecting from the signal, but we can anayze them by ourself with some other knoweldge also

bhooscream

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Quote from: ?? on ??

If someone already has some knowledge of finance or economic education background I don't think it will take long to learn crypto,

No, it won't guarantee anything. We only can expect someone to learn crypto easily and quickly if he is serious enough and wants to spend much time for learning crypto. Having good economic or finance education will be useless if the person is lazy to read articles about crypto, and he doesn't have the intention to follow the discussion about crypto. Learning crypto isn't the same as learning common knowledge, crypto is specific knowledge. So, the background related to common knowledge may be not very helpful.

Subbir

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Quote from: Bushdark on March 20, 2022, 05:18:10 AM

❇TIME FRAMES ANALYSIS
❇SUPPORT & RESISTANCE LEVEL
❇CANDLE STICK ANALYSIS

The three-factor are more likely useable to open every trade but also needed fundamental analysis for long term short term is very risky for that, fundamental is oke that then follows up TIME FRAMES, RESISTANCE LEVEL analysis is the more effected.

tygeade

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Quote from: adaseb on March 20, 2022, 10:07:20 PM

The only way to learn how to trade is with experience and you cannot teach or learn experience. You need to basically sit around all day and lose money left and right…. Blow an account. Swear at the computer. Deposit more money. Lose it again. Swear at the computer some more. Deposit more money. This time try trading something else like stocks. Make some money. Lose your profits plus your entire balance. Swear at the computer. Deposit more money and keep trying.

Yeah, experience is an important part of cryptocurrency trading but even at that do not underestimate the importance of learning cryptocurrency trading before looking for gaining experiences. You don’t just create an account on exchange and start trading without having a clue of what you are even doing. You wouldn’t even know how to put a call or put option.

So, you have to gain the knowledge first and know all these things before you start your trading, and then you already have it in mind what you are about to do. And with experience you will get to better whatever knowledge that you have gotten from your training. Experience is the practical part of what you have been taught.

Viscore

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Quote from: sheenshane on March 20, 2022, 06:39:20 PM

Your technical aspect is good but I suggest you don't focus too much on it, you can try also to understand the fundamental aspect and how we combined these two analysis into a better result. There are circumstances in that FA was more accurate than the TA, you should also look at that matter for your trading activity.

Trading skills, the best result is to have a frequent experience which in every trading experience you can learn on it and avoid those mistakes that will not happen in the future. I hate people who say, training is very easy to make a profit from, they seems misleading newbies with that information they heard. Trading need to spend your precious time just to learn and also extend your patient.

Success in trading does not only determined through learning its technical and fundamental factors. Practical application is more vital. However, you should always start from learning the basics and how to be good particularly in analyzing the market patterns or trends because that will guide you when to take the best entry and best exit in trading. And when you think you have gained good knowledge, then its time for you to develop and enhance your skills and strategies. Experience will serve as your training. The more often you trade, the more losses you encounter, the bigger the chances you'll become a good trader as long as you always learn from your different experiences.

Kimonoe

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Quote from: ?? on ??

Quote from: Captain Corporate on March 22, 2022, 05:03:51 PM

I just believe that "it will take long time" depends a bit on the person. Someone who is a great financial wizard outside of crypto, could come here and be great here as well, and very quickly, sure they will need to learn some stuff but shouldn't take too long. However, someone who has never done anything about finance, just earned a salary doing unrelated work, could come here and could take years before they are good. So when suggesting how long it will take, it depends on the person. One thing in common is that we need to learn to be patient, and we need to learn how to react to losses, those two are common for everyone.

If someone already has some knowledge of finance or economic education background I don't think it will take long to learn crypto,
and vice versa also more or less like you said but even so there are actually many things to learn in crypto not only about coins or markets but managing risk and controlling yourself is also important,
so we should really take the time to learn crypto

educated people may find it easy to learn technical analysis and financial management, but sometimes it is very difficult to control emotions, because it is true that everyone will need different time, while self-control is the main key to successful trading. therefore to be able to control ourselves, of course we have to practice a lot for real, so that gradually we will be able to control our emotions

Rengga Jati

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Learning is never ending activities.
It is not only for newbies but also for everyone in this forum, learning is always ongoing.
Well, related to the trading knowledge, exactly you can find out:
- Much information shared from the articles here
- The strategies that are shared from other members who are experiencing it
- Many experiences from many members here that can be lessons also for us, the experiences may be good experiences or even the mistakes that we can learn from them. We all know that experiences are the best teachers for us
- Do our own research and analysis based on the information and knowledge that we read. Because sometimes, we may be confused because of too many information, different experiences and also strategy. Just analyze them and pick the right one for you
- Learning by doing will be also very potential and worthy for you.
- Know how to start with our own free money and make a good and wise money management when youa re leanring by doing for trading.
Good luck and keep it up. Always be wise and DYOR

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