How can I get into trading | Bitcointalksearch.org

AnonBitCoiner

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Quote from: adpinbr on May 18, 2024, 07:35:40 PM

Well, some people use much money to start trading and some people use you all depend on what you can. Trading is just a simple thing that will make you lose money. I’ll make you get more it just have to try to know how to understand the process and try not to take off using big money to start trading, you can actually start trading with whatever you have but you have will profit very small

Everyone has his own choice that whatever amount he wants to use he can but the main mistake here is that most of the people think that through trading with large amounts they will win large amounts at just a single try but this is not all easy to achieve your wished goals in just a single try.

Maybe sometimes you win with a single try but everyday it does not happen therefore use your mind instead of using your money because an active mind full of knowledge can give you a huge return but money without knowledge cannot give any amount according to your expectations.

johnsaributua

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Your goal is good, because trading is the goal / end of a crypto asset ownership other than hodl Grin

, Although you have to be more patient when entering even a professional. But technicalities must be learnt if you want to get the optimal price when trading.

Indeed, as long as you hodl and do not sell too quickly you will remain profitable as long as it is bitcoin and so far it is very promising and can prove a good recovery. If you buy while trading you better be on a demo account or not allocate all your fiat and sell when you don't recognise the trend it will be minus and make some beginners dumbfounded by the shrinking assets they have, better budget with funds that can afford to lose, because sometimes some people need trading practice not just analysis and theory.

The fud that spreads on social media because of disappointment and based on curiosity only leads to misery and is no different from gambling. get to know yourself including the trading style that is suitable for running. Do you use meta trader for stock trading? CMIIW I only use cex like binance, bybit, ok etc not forex brokers.

Sebas.tian

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Quote from: |MINER|

You first need to know about trading. Learn the rules of crypto trading. And have money to invest. So you have to learn market analysis. You have to know about the market situation. The basic rules of crypto trading should be followed. There should not be too much leverage. You should refrain from trading repeatedly. After all, trading should be learned first. And it is very time consuming. Experienced should be followed. Their steps should be followed.

I think, all those steps can make you a great trader in the future, because you need to learn trading to achieve the knowledge before thinking how to use funds to purchase Bitcoin from the market, which is the right step to take to achieve your desire in the future. Taking a good step to understand the rules and regulations that governed the crypto trading, I think it will make you to experience favour in your crypto trading whenever there is a bullish season which is the right season to release coins to make a passive income. Once you learn all those things from crypto trading, you will invest what you can afford to lose as a new trader, because you will not hold anybody responsible for your failure which you need to know before going into crypto trading.

adpinbr

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Well, some people use much money to start trading and some people use you all depend on what you can. Trading is just a simple thing that will make you lose money. I’ll make you get more it just have to try to know how to understand the process and try not to take off using big money to start trading, you can actually start trading with whatever you have but you have will profit very small

stadus

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Quote from: Bananington on May 12, 2024, 01:16:23 PM

Quote from: Mpamaegbu on May 12, 2024, 01:08:29 PM

The first step is find resource materials online for trading. Read veraciously like your life depends on them. Babypips.com is a good place to source trading materials as a greenhorn. Get hold of different trading platforms (maybe two or three) to demo trade what you've been reading.

If you are having problems with understanding what you are reading, and it is not really making sense to you, you can get someone to assist you by explaining in their own terms and understanding some of these trading lessons.

Learning to trade will also need you to motivate yourself heavily because many traders who start out to learn trading end up quitting because it looks too difficult to learn.

I have to agree. Don’t make trading difficult for you regardless if you are still a beginner. I don’t actually agree that it’s always best to learn the harder way. Because for me, that would only make you easily quit and lose interest in trading.

If you can find someone who will serve as your mentor in trading, I think that would be more great. Trading even if a lot would say that it’s highly tough and risky, will always end up easier once you have someone that will help you along the way. Just do your own diligence to learn as well, and try to be patient as much as possible, I believe you will be a successful trader in the end.

terrific

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Quote from: |MINER| on May 17, 2024, 03:40:42 PM

And have money to invest.

The funny part is this.
There are many people that asks about how to become a trader but then, they'll say that they don't have money to invest.
So, that's the first part that they need to solve and answer in order for them to start trading. If they are able to do that, they can proceed to the next part but no guarantees of profiting.

|MINER|

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You first need to know about trading. Learn the rules of crypto trading. And have money to invest. So you have to learn market analysis. You have to know about the market situation. The basic rules of crypto trading should be followed. There should not be too much leverage. You should refrain from trading repeatedly. After all, trading should be learned first. And it is very time consuming. Experienced should be followed. Their steps should be followed.

jaberwock

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Quote from: Maslate on May 16, 2024, 05:54:03 AM

The only difficult in learning trading is only at the beginning as you have to explore a lot of possibilities so you can maximize your learning process. After that, when you think you are knowledgeable enough, then start to engage in real trading even with only a small amount. Don’t expect to gain profits immediately as it would be impossible for beginner traders. But instead, everytime you lose, make it as your bigger motivation to learn and improve more. If you do it consistently, things will definitely turn good in the long run.

Note that successful traders today have their fair share of losses and mistakes when they were starting but instead of getting discouraged and scared, they use it as their motivation to learn more in trading until they become excellent traders in the market.

This is quite true and we are going to end up with a lot of trouble if we start with zero idea, so we should try to learn more about it on the long run. This is of course not that easy because a lot of people find horrible and wrong sources to study from and that makes it quite tough for everyone involved.

If you learn how to trade from the wrong sources then you are not going to be happy with what you get neither, the result will definitely be terrible for you. Whereas, if you end p learning from the right sources then you are going to do a lot better than expected because learning from the right sources means that you are going to know what you are doing while trading and that will make you a lot of profit over course of some time.

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Quote from: IceLincoln on May 08, 2024, 08:40:02 AM

Good day guys!
As someone who’s new to this space and wants to start trading, what are the steps I can take to start and how much of fund do I need to start?.
What wallet is best for me? Can I use meta trader?

Firstly you can start by learning baby steps joining some airdrops, there you could learn process of registering the required wallets and stuffs that could lead to acquire knowledge.
Eventually by successive activities that most participants also guides you in the process of participation, you'll be able to learn trading when time comes that token you have will become tradable at trading sites where it will be listed

Cryptomultiplier

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Quote from: Maslate on May 16, 2024, 05:54:03 AM

Quote from: justdimin on May 14, 2024, 08:49:22 AM

Quote from: IceLincoln on May 08, 2024, 08:40:02 AM

As someone who’s new to this space and wants to start trading, what are the steps I can take to start and how much of fund do I need to start?.
What wallet is best for me? Can I use meta trader?

Starting one way or another is the most important part. Some say get a mentor, some say learn from youtube, some say learn from reading books, some say learn from doing it, there will be a lot of ways that people will suggest, and most of them are free so just do all of them if you can but the most important thing is to be 100% in it mentally.

A lot of people can be 100% in it financially without being in it mentally, you need to realize that you are going to make some money from this and if you can't do that then there is no reason to keep doing it. I believe that it would be quite tough if we ignore that, and we should just make sure that we are all in. If we can be mentally involved then we would be able to slowly get better and better.

The only difficult in learning trading is only at the beginning as you have to explore a lot of possibilities so you can maximize your learning process. After that, when you think you are knowledgeable enough, then start to engage in real trading even with only a small amount. Don’t expect to gain profits immediately as it would be impossible for beginner traders. But instead, everytime you lose, make it as your bigger motivation to learn and improve more. If you do it consistently, things will definitely turn good in the long run.

Note that successful traders today have their fair share of losses and mistakes when they were starting but instead of getting discouraged and scared, they use it as their motivation to learn more in trading until they become excellent traders in the market.

Successful traders indeed, do have their fair share of losses and mistakes and that's what made them wax even stronger and rebound with better experience of the market situations and trends, as well as the price patterns.

Asking a question like this with the willingness to learn has surely placed our dear OP in the right spot to become a great trader, and am sure with the responses so far gotten, the motivation to act on this thought will come as easy because, with being more active in this section and Bitcoin community in total, the learning and development stages that would lead you to become successful in your quest as a cryptocurrency trader, has already begun.

lalabotax

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Quote from: HONDACD125 on May 16, 2024, 10:20:43 AM

Quote from: Questat on May 16, 2024, 07:38:17 AM

We never improve if we keep on relying on others and success seems to be impossible. Standing on our feet should be in our mind but this is not possible if we never trust ourselves and of course, if we don't have the right knowledge about trading. Mentorship is designed to help newbies and it is not wrong in the sense that we really need help from someone who have the capability to teach and shorten our learning process. As we can make decisions alone and already build some confidence, this simply means that we are ready enough to take responsibility for our trading future and are willing to accept whatever happens.

Yes, and most people, especially newbies, make this mistake of relying either on trading signals that they get from groups or individuals charging them some fee for those signals or copy-trading that is available on multiple platforms nowadays which might be reliable for short-term but one can see no growth if they stay reliant on such things because for financial growth, personal growth is important and you can't grow yourself if you are relying on others.

Indeed, relying on trading signals, expecting high profits instantly, using high amount of capital even new because they are expecting for higher returns, but, on the other hand, they are very lack of knowledge about trading, even about basic crypto. This is ironic if we are seeing how bad a newbie starts their trading journey without enough good knowledge. Because it seems like they are doing something blindly, because trading is not gambling, this is exactly different. But if they are doing it without any knowledge, only using trading signal, it seems like only like gambling to themselves. and the risk of this condition, is exactly very high, isn't it?

HONDACD125

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Quote from: Questat on May 16, 2024, 07:38:17 AM

We never improve if we keep on relying on others and success seems to be impossible. Standing on our feet should be in our mind but this is not possible if we never trust ourselves and of course, if we don't have the right knowledge about trading. Mentorship is designed to help newbies and it is not wrong in the sense that we really need help from someone who have the capability to teach and shorten our learning process. As we can make decisions alone and already build some confidence, this simply means that we are ready enough to take responsibility for our trading future and are willing to accept whatever happens.

Yes, and most people, especially newbies, make this mistake of relying either on trading signals that they get from groups or individuals charging them some fee for those signals or copy-trading that is available on multiple platforms nowadays which might be reliable for short-term but one can see no growth if they stay reliant on such things because for financial growth, personal growth is important and you can't grow yourself if you are relying on others.

This is why it is important for such traders to understand the importance of knowledge because knowledge can make them free and independent, and this industry is all about freedom since freedom means growth and growth means more profit over time which is what the purpose of every trader is for getting into trading.

Peanutswar

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If you would like to be involved in the world of trading you must have at least knowledge of the things you would like to trade for example the token or coin you want to trade also what the purpose of this token if there's any impact or a lot of pairs into other coins? so you can ride with the market volatility, next is what platform you will use to trade those coins and if that coin you are eyeing is supported by them, check an exchange that is suitable with your trading habit. I guess last is the wallet you will be using, again exchange is not a wallet, make a separate wallet for storing of your funds, its better to pay fees than lose most of your assets due to possible reason of exchange. Not your keys, not your coins.

Questat

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Quote from: Lamkuthang on May 16, 2024, 12:15:16 AM

Quote from: justdimin on May 14, 2024, 08:49:22 AM

Starting one way or another is the most important part. Some say get a mentor, some say learn from youtube, some say learn from reading books, some say learn from doing it, there will be a lot of ways that people will suggest, and most of them are free so just do all of them if you can but the most important thing is to be 100% in it mentally.

I myself initially always relied on the opinions of others other than myself, but for now it is no longer and time to be independent and when we are too dependent on people's opinions, we often think badly later if at any time the suggested advice is executed but fails miserably.

For now. I try to be independent and learn from previous experiences and even if it is wrong and lost, it will be an additional reference and self-study where it must be addressed as soon as possible.

You want to be independent without depending on other people if you won't always be at that point.

We never improve if we keep on relying on others and success seems to be impossible. Standing on our feet should be in our mind but this is not possible if we never trust ourselves and of course, if we don't have the right knowledge about trading. Mentorship is designed to help newbies and it is not wrong in the sense that we really need help from someone who have the capability to teach and shorten our learning process. As we can make decisions alone and already build some confidence, this simply means that we are ready enough to take responsibility for our trading future and are willing to accept whatever happens.

Maslate

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Quote from: justdimin on May 14, 2024, 08:49:22 AM

Quote from: IceLincoln on May 08, 2024, 08:40:02 AM

As someone who’s new to this space and wants to start trading, what are the steps I can take to start and how much of fund do I need to start?.
What wallet is best for me? Can I use meta trader?

Starting one way or another is the most important part. Some say get a mentor, some say learn from youtube, some say learn from reading books, some say learn from doing it, there will be a lot of ways that people will suggest, and most of them are free so just do all of them if you can but the most important thing is to be 100% in it mentally.

A lot of people can be 100% in it financially without being in it mentally, you need to realize that you are going to make some money from this and if you can't do that then there is no reason to keep doing it. I believe that it would be quite tough if we ignore that, and we should just make sure that we are all in. If we can be mentally involved then we would be able to slowly get better and better.

The only difficult in learning trading is only at the beginning as you have to explore a lot of possibilities so you can maximize your learning process. After that, when you think you are knowledgeable enough, then start to engage in real trading even with only a small amount. Don’t expect to gain profits immediately as it would be impossible for beginner traders. But instead, everytime you lose, make it as your bigger motivation to learn and improve more. If you do it consistently, things will definitely turn good in the long run.

Note that successful traders today have their fair share of losses and mistakes when they were starting but instead of getting discouraged and scared, they use it as their motivation to learn more in trading until they become excellent traders in the market.

Lamkuthang

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Quote from: justdimin on May 14, 2024, 08:49:22 AM

Starting one way or another is the most important part. Some say get a mentor, some say learn from youtube, some say learn from reading books, some say learn from doing it, there will be a lot of ways that people will suggest, and most of them are free so just do all of them if you can but the most important thing is to be 100% in it mentally.

I myself initially always relied on the opinions of others other than myself, but for now it is no longer and time to be independent and when we are too dependent on people's opinions, we often think badly later if at any time the suggested advice is executed but fails miserably.

For now. I try to be independent and learn from previous experiences and even if it is wrong and lost, it will be an additional reference and self-study where it must be addressed as soon as possible.

You want to be independent without depending on other people if you won't always be at that point.

Dewi Aries

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Quote from: Lantind on May 14, 2024, 08:01:07 AM

Quote from: ?? on ??

Learn first from several sources that are available on the platform about trading in the online world, it would be better to start with small capital so you can get used to seeing trading movements on the crypto market. My advice is to start with small capital so that if there is a decline and loss it is not a reason to continue trading further. But before starting, look for information and trading procedures because in every trade we face a very big risk if we don't understand the market charts.

When they are just getting to know trading, of course it would be better for them to start with small capital and be able to bear it if they experience failure on the first trade they make and they must also be able to take advantage of this opportunity as a lesson for us so we can understand trading well. Learning about market conditions is of course very important because they will be able to know for sure the right time for them to enter the market so they can make a profit from the trades they make.

Of course it is true, everything must start from the smallest, none other than because you are a beginner who certainly does not have much knowledge and understanding of the world of trading, plus trading is always a risky activity that sometimes the possibility of risk can be very high when you are involved with bringing the wrong approach. But on the other hand in my opinion it would be better for you to first multiply learning before you finally trade with real money, you can learn from a demo account first to test the depth of learning that you have done, and after that if you feel you are capable enough to jump in using real money then the next as you said that you should start with a small budget amount that you can really be responsible for if you end up losing. And one thing that before you trade with real money then make sure that you feel capable in terms of analyzing the market well enough and also make sure that you have good risk management, and the most important thing is as you said that has the ability and knowledge of when to start and when to stop.

Lamkuthang

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Quote from: Lantind on May 14, 2024, 08:01:07 AM

When they are just getting to know trading, of course it would be better for them to start with small capital and be able to bear it if they experience failure on the first trade they make and they must also be able to take advantage of this opportunity as a lesson for us so we can understand trading well. Learning about market conditions is of course very important because they will be able to know for sure the right time for them to enter the market so they can make a profit from the trades they make.

I think it's a good opinion where before starting something, let alone want to invest and trade in this cryptocurrency space, what is conveyed above comes first. If you are not ready, beginners should not be too forced if they are afraid of loss because there are so many effects when the big appetite is lacking.

Trading is not an ordinary game that immediately makes us rich, but the world is full of drama when we run, especially if lack of knowledge and experience is quite fatal as a result.

justdimin

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Quote from: IceLincoln on May 08, 2024, 08:40:02 AM

As someone who’s new to this space and wants to start trading, what are the steps I can take to start and how much of fund do I need to start?.
What wallet is best for me? Can I use meta trader?

Starting one way or another is the most important part. Some say get a mentor, some say learn from youtube, some say learn from reading books, some say learn from doing it, there will be a lot of ways that people will suggest, and most of them are free so just do all of them if you can but the most important thing is to be 100% in it mentally.

A lot of people can be 100% in it financially without being in it mentally, you need to realize that you are going to make some money from this and if you can't do that then there is no reason to keep doing it. I believe that it would be quite tough if we ignore that, and we should just make sure that we are all in. If we can be mentally involved then we would be able to slowly get better and better.

Lantind

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Quote from: IceLincoln on May 08, 2024, 08:40:02 AM

Good day guys!
As someone who’s new to this space and wants to start trading, what are the steps I can take to start and how much of fund do I need to start?.
What wallet is best for me? Can I use meta trader?

Learn first from several sources that are available on the platform about trading in the online world, it would be better to start with small capital so you can get used to seeing trading movements on the crypto market. My advice is to start with small capital so that if there is a decline and loss it is not a reason to continue trading further. But before starting, look for information and trading procedures because in every trade we face a very big risk if we don't understand the market charts.

When they are just getting to know trading, of course it would be better for them to start with small capital and be able to bear it if they experience failure on the first trade they make and they must also be able to take advantage of this opportunity as a lesson for us so we can understand trading well. Learning about market conditions is of course very important because they will be able to know for sure the right time for them to enter the market so they can make a profit from the trades they make.

Topic: How can I get into trading (Read 756 times)