Topic: Getting more skills in trading - page 6. (Read 796 times)
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.
It's going to be a lot of time and rough days until you can get to know me with all of those skills. Don't give up as the best traders today have learned all of them through the process and never gave up on the failures that they've experienced.
You just need to be patient upon testing, learning, and doing all of those strategies that you may seem to understand and think that's going to be profitable on your hand.
Pick every resource that you can and extract them for your own good. Like the threads that you can find through the forum, articles outside, youtube videos, etc.
You just need to be patient upon testing, learning, and doing all of those strategies that you may seem to understand and think that's going to be profitable on your hand.
Pick every resource that you can and extract them for your own good. Like the threads that you can find through the forum, articles outside, youtube videos, etc.
Bear in mind also that even with those learnings and skills acquired, you can still make a mistake in trading. Because you can't get a hold of those contributing factors why a particular coin will move in such direction. You may know those TAs, but you won't know all the factors involve in the market performance of the coin especially the real motives of the dev team. So there are still blind gaps here. But your analysis, skills or experience will assist you in combating possible huge loss or avoiding crappy projects.
It's going to be a lot of time and rough days until you can get to know me with all of those skills. Don't give up as the best traders today have learned all of them through the process and never gave up on the failures that they've experienced.
You just need to be patient upon testing, learning, and doing all of those strategies that you may seem to understand and think that's going to be profitable on your hand.
Pick every resource that you can and extract them for your own good. Like the threads that you can find through the forum, articles outside, youtube videos, etc.
You just need to be patient upon testing, learning, and doing all of those strategies that you may seem to understand and think that's going to be profitable on your hand.
Pick every resource that you can and extract them for your own good. Like the threads that you can find through the forum, articles outside, youtube videos, etc.
You are indeed more curious about trading and even more prepared than the other newbies. With all of your questions, you are even quite familiar with trading like what we need and what the thing to do before trading. Well, people got amazed as we don't expect this from a beginner like you coz what we mostly heard from them is to ask "How to start trading?" You, indeed ask more from that.
Well, anyway, developing your skills and knowledge can only be acquired upon experience. You can learn them all gradually while you are in actual trading and since you already have the guide, I guess it was pretty easy for you how to start.
It's good to know that you have prepared your guides already on what to learn about trading and how to get it started. Reading books related to crypto trading and watching videos on youtube can still be of help but the best teacher after all is your own experience. You will never learn trading if you don't put it into practice. And by committing losses, you will learn valuable lessons from it. Trading is best learned through experience, and gaining skills will gradually happen if you often do trading. Well, anyway, developing your skills and knowledge can only be acquired upon experience. You can learn them all gradually while you are in actual trading and since you already have the guide, I guess it was pretty easy for you how to start.
It would really take time for you to learn about these tools and strategies but it's a good initiative to show eagerness and interest in these because it will surely help you grow and excel as a trader. However, you could focus on the basics and learn how to deal with the market first. It's a long process of learning but it's all worth it because you'll benefit from it in the future.
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
Don't forget to take action because many people don't do it. They say this line should be here, and then I will buy it or sell it. The candle is only halfway, and I have to wait a little longer because that's what the book or lesson I read says. It happens to many friends of mine. They lack to take action but only observe where the price moves.
If you are like that, you will get nothing, and you are just watching the movement of bitcoin without practicing what you have learned. If you've learned a bit about trading, put it into practice right away. Start with little money to familiarize yourself with trading and keep learning and practicing what you have learned. Learning without practice is useless. Study and practice will give you good results.
If you are like that, you will get nothing, and you are just watching the movement of bitcoin without practicing what you have learned. If you've learned a bit about trading, put it into practice right away. Start with little money to familiarize yourself with trading and keep learning and practicing what you have learned. Learning without practice is useless. Study and practice will give you good results.
~~
These are the common topics about trading, learning those topics can be a big help for your trading journey.I started reading books years ago, and honestly I still keep reading them because I believe on continues learning and we should not be complacent because this market moves a lot and if you stop learning you might be left behind.
Trading looks too complicated so take a baby step at a time and don't rush yourself to learn everything in just a month. Learning trading will take years honestly, a very challenging experience but the reward is huge so don't be afraid to take sacrifices for now because trading can give you a lot.
learn up on continuous aspect which does simply means that you would learn up on various things that you do encounter and not only just focusing nor minding about a particular
kind of analysis or ways you do have.It could really be on different variations on different situations thats why trial and error would really be that common.
HOW TO KNOW WHEN TO ACTUALLY BUY OR SELL
❇HOW TO GENERATE SIGNALS FOR YOURSELVES.
❇INDICATORS: Moving Averages, Stochastic, MACD, Bollinger bands, RSI, ADX, Parabolic SAR, ATR, Ichimoku etc
❇TIME FRAMES ANALYSIS
❇SUPPORT & RESISTANCE LEVEL
❇CANDLE STICK ANALYSIS
❇FIBONNACCI LEVELS
❇PIVOT POINTS
❇ELLIOT WAVES & FRACTALS
❇CHART PATTERNS
I like to update this post as I learn more... thanks
These are the common topics about trading, learning those topics can be a big help for your trading journey.❇HOW TO GENERATE SIGNALS FOR YOURSELVES.
❇INDICATORS: Moving Averages, Stochastic, MACD, Bollinger bands, RSI, ADX, Parabolic SAR, ATR, Ichimoku etc
❇TIME FRAMES ANALYSIS
❇SUPPORT & RESISTANCE LEVEL
❇CANDLE STICK ANALYSIS
❇FIBONNACCI LEVELS
❇PIVOT POINTS
❇ELLIOT WAVES & FRACTALS
❇CHART PATTERNS
I like to update this post as I learn more... thanks
I started reading books years ago, and honestly I still keep reading them because I believe on continues learning and we should not be complacent because this market moves a lot and if you stop learning you might be left behind.
Trading looks too complicated so take a baby step at a time and don't rush yourself to learn everything in just a month. Learning trading will take years honestly, a very challenging experience but the reward is huge so don't be afraid to take sacrifices for now because trading can give you a lot.
Just like most things in Life, in trading there is the theoretical part and the practical part. Theoretical is just like the initial guide, especial if you are a newbie in trading, but the most important aspect is actually practicing.
You can never learn how to trade if you are not practicing and with each trade you open or close, you learn something. Practicing also means you have to deal with emotions which you don't experience if you just watch YouTube trading tutorials.
Knowledge in trading can be easily gained through reading books and watching video tutorials, but skills in trading is more acquired with experience. So if you can motivate yourself to gain more knowledge and skills, that is an edge towards the trading market. And the more experiences you gained, the more you learned skills in trading and master them. But IMHO, success in trading is not measured by how many skills you have, one or two is already good, as long as you know how to analyze the market patterns or trends with its technical indicators, trading is more likely to succeed. Of course, with the right attitude too towards trading. You can never learn how to trade if you are not practicing and with each trade you open or close, you learn something. Practicing also means you have to deal with emotions which you don't experience if you just watch YouTube trading tutorials.
❇HOW TO GENERATE SIGNALS FOR YOURSELVES.
What does it mean? I mean for a new trader how they can generate signal for their selves, wherein despite they are still lack of information.❇INDICATORS: Moving Averages, Stochastic, MACD, Bollinger bands, RSI, ADX, Parabolic SAR, ATR, Ichimoku etc
for in my personal opinion i suggest dont use too much indicators when it comes trading because its very messy and you don't know which one indicators to follow if there's a sign to enter.. And for sure you cannot execute your strategy properly.❇SUPPORT & RESISTANCE LEVEL
❇CANDLE STICK ANALYSIS
yup these are very important! And try to learn demand and support as well because it's very common strategy. Don't forget to back testing..❇CANDLE STICK ANALYSIS
And for the rest that you've mentioned above, i don't think it's necessary aside of chart pattern.. So yeah be patient and keep learning, just follow the process if you want to become a good trader.
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.
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.
Knowledge and experience will make a trader to be more successful and it really depends on every individual, not everyone can learn one thing in the same time period for someone it may take few weeks and for kthers it needs few years but eventually they can learn when constantly keep trying. Meanwhile you have to be prepared to face the financial consequences of trading as well and its better to go as full time trader only if you have other passive income sources.
I always use free opportunities to improve my trading skill.
Here is one I just found.
Do you want to Trade Future but don't have money or can't risk your own money?
Discover free $1000 USDT Bonus to trade future.
Register on MEXC exchange with my link: https://www.mexc.com/en-US/register?inviteCode=mexc-14tmZ and get Up to $1k USDT (performing simple task) to trade future and withdraw your earnings/profits from the trade.
Condition:
Only available to newly created account.
Free Fund can not be withdraw, only profit from the trade.
The free USDT is valid for 30 days (so you have to use it within 30days after registration).
Lets get some free cool crypto financial benefits this week.🍾🍷
Here is one I just found.
Do you want to Trade Future but don't have money or can't risk your own money?
Discover free $1000 USDT Bonus to trade future.
Register on MEXC exchange with my link: https://www.mexc.com/en-US/register?inviteCode=mexc-14tmZ and get Up to $1k USDT (performing simple task) to trade future and withdraw your earnings/profits from the trade.
Condition:
Only available to newly created account.
Free Fund can not be withdraw, only profit from the trade.
The free USDT is valid for 30 days (so you have to use it within 30days after registration).
Lets get some free cool crypto financial benefits this week.🍾🍷
To get experience in either trading or investment, you need both time and repetitions. To be safe a long the way, you must use small capital for it and use very small money (compares to your whole capital) for each order (repetition) you do.
Why I advice so?
Because most of newbies do get failed trading, investments and to minimize your loses, this approach is helpful. Make sure that you can get as many repetitions for your loses as possible to get lessons and improve yourself but they won't steal all of your capital, won't kill you.
Why I advice so?
Because most of newbies do get failed trading, investments and to minimize your loses, this approach is helpful. Make sure that you can get as many repetitions for your loses as possible to get lessons and improve yourself but they won't steal all of your capital, won't kill you.
All the knowledge you have learned will only be really useful if you have applied it in real trading and also real money not with a demo account.
Why not explain in detail all the points you mentioned? because you have learned it surely there is knowledge that you can share here.
The demo account is completely different if we start trading for real,Why not explain in detail all the points you mentioned? because you have learned it surely there is knowledge that you can share here.
the demo account is clear as it is set up from there and it will be easy to make a profit,
what is clear is the knowledge and skills we have learned will be tested when trading for real
All the knowledge you have learned will only be really useful if you have applied it in real trading and also real money not with a demo account.
Why not explain in detail all the points you mentioned? because you have learned it surely there is knowledge that you can share here.
Why not explain in detail all the points you mentioned? because you have learned it surely there is knowledge that you can share here.
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.
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.
Highly relying on Fundamental Analysis will not gonna give you an accurate result in the long run, FA in crypto only works during initial phase of crypto or if the news is really huge. Most of the crypto project rely on new as there main marketing tools so you will just confused on your FA if you are only relying on bunch of project updates considering the technical aspect of the project is given since that’s the first thing to do on choosing the coin you want to trade.
TA is the most efficient tool to use on trading because all the data provided on the price history is accurate using short time frames. Most traders use TA too so as it’s a self fulfilling prophecy, it always work when everyone looking on same pattern.
I am not an expert in this matter, but as a form of sharing my experience with you, that all has a long process and persistence and you have it within you. One thing in all trading, all methods, procedures and any aspect that is very useful in the analysis of movements, so learn the things you need first. Don't consume everything, just apply what you understand, imitate trading, and evaluate and draw conclusions. make at least a test sample in the timeframe you need. Make a table of the influence of method A on profitable B. And so on, until you find what you are looking for and is truly compatible with your needs.
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.
You will either get it or you will give up after a certain amount of times because it will just become boring and you won’t want to do it anymore.
You are a small fish in an ocean full of sharks. It’s not easy to survive.
You will either get it or you will give up after a certain amount of times because it will just become boring and you won’t want to do it anymore.
You are a small fish in an ocean full of sharks. It’s not easy to survive.
Jump to: