Topic: How can I get into trading - page 2. (Read 735 times)

By learning good and correct trading methods, we can know the right time to enter a safe position and exit to take profit. We can also study various kinds of theories in several media such as YouTube and articles that we can read. The most important thing is that you have to control yourself to remain careful with the risks involved and don't make decisions too quickly. You have to consider it carefully first because what we use is money which is now increasingly difficult to get.

The amount necessary to trade depends on each trader, with some people using just a couple of hundred dollars to start with, while others may use millions, so do not worry too much about it, now when it comes to the wallet to use, if you can afford a hardware wallet just buy it, as it will save you a lot of headaches along the way.

Finally you need to prepare yourself to study as you have not done so since you were in school, and it will take that much dedication just to become a proper trader, but if you want to become really successful, and I do not see why you would not want to do that, then you will need to study even harder and for a longer period of time.

As other members are saying, research is the first thing you do. Besides, it was not hard since it was available on the internet.
Perhaps, it is easy to gain trading ideas but it is hard and a different situation in real trading. That is why we can ensure that even having all the needed learning we have before trading this will can't leave us confident that it all be okay. Of course, at least it is our advantage but as usual, losing is possibly going to happen.
Spend the minimum amount required depending on the platform you use. At least, in the case of losing it all, that won't hurt you too much.

You can't just jump into trading; you need to learn first, and trading is a very risky investment. You need to be very careful when you trade. The first thing is that you should stop thinking about trading now if you have never done it or have any knowledge about it before; if not, it will cost you a lot. Furthermore, no one will tell you the amount you should trade with; it will depend on your pocket. No one here knows how much you are worth, but don't forget to use the amount you can afford to lose. The money you know, even if you use it to trade and you lose it, you will land in financial difficulties.

This area you pointed out, to me is the most important factor to be considered while preparing to trade or learn trading. The emotional ruggedness of a trader is that fuel that keeps the trader going. I remember when I first joined the cryptocurrency industry, and it was the period of 2021 bull run. I learnt the basics of trading and was practically buying low and selling high, since it was bull run, I thought I have mastered the act of trading. But when the market went against me heavily, I was emotionally bewitched. I couldn't perform any reasonable task in the real life until I sold at lose and regained my healthy life. That was when I realised that trading actually isn't for me

This is very important to be able to trade well, but we think that after doing in-depth research about trading there is someone who has experience in trading to be able to guide us and will be able to ask them about things that we don't understand well about trading.
The experience we get from a demo account is of course very useful for us when trying to trade, but when trying with the capital we have, we must be able to do it very carefully and don't make mistakes that cause us to lose the capital we have.

In addition to all the answers written above, you may ask yourself whether you will be able to control all the emotions that are present during trading. For people with a weak nervous system, trading causes serious problems, which means, in addition to all the knowledge, you must train yourself to the fact that the loss of funds, as an integral part of practice, will bother you every time. Are you ready for this? Is the game worth the candle, or is it still easier to limit yourself to regular investments in Bitcoin?

No problem learning many sources available but trading skills will be better when we want to learn separate analysis by combining many technical courses available.
When just learning to trade, try to involve in it using a much smaller budget, so that we can control emotions when loss.
Trade also has similarities in terms of investment even though the way is different, because the most important thing is how we can be responsible for trade involvement.

This method is a step to control yourself because trade cannot always provide benefits.
There are times when we also suffer losses and this is where it requires mental readiness and tries to restore losses in further trade.

That's right, and maybe I would say that they are the beginners who are lucky enough to have managed to get a mentor who is truly trustworthy who can guide and direct you on various things that must be learned first, one of the reasons why I say that you are lucky enough to have managed to get a mentor who is truly sincere in teaching you because lately I often find that quite a lot of beginners are victims of fraud, where the mentors only work a little but ask for a lot of money which in the end is not uncommon for them to run away.

Another thing is that I agree with you that even though we have good mentors who are sincere in terms of teaching us about various things, in the end we should not be too dependent on them because after all they assist you only when you are in the learning phase at the beginning of the engagement, meaning you have to really learn everything according to what the mentor directs, the point is to try to make yourself mature and independent.

Research matters. Blind diving is dangerous. Discussing trading with pros is smart. Only book knowledge goes so far. It appears trading is simple. You're right: quality performance requires talent. Daily income is appealing. However, losses hurt as much as wins.

Having backup income is key. Avoid risking unaffordable money. Trading is risky yet offers endless upside. But here's it. Win large without taking big risks. Learn and deal wisely. Long-term account building. Believe in yourself but be modest. Market lessons are daily. Hug them. Be patient and continue improving. You can succeed. Money, talents, and confidence.

As someone new to this space, you should start learning about this space . Learn as much as possible before you take a step towards trading because it's knowledge that will help you succeed, and without it, you will fail and then blame the space for that. So I wouldn't suggest that you create a wallet, top it up with money, and then start trading right away because that wouldn't be the correct advice and I don't want to misguide you like that.

Start by learning about Bitcoin, do your research about it, check its history, check the chart, play with it a little by changing the candles and timeframes, once you have learned everything about it, move to learning about wallets, once done, move to the next topic. You will see doors opening one by one, get into trading only when you feel you are ready for it, when you wouldn't need to ask such basic questions in a public forum.

Getting a mentor that you know well might be a good start. That way, you will gain clear insights and ideas on how to start trading and make your trades worthwhile and profitable. Although you don’t need to rely everything on your mentor as you also need to do your part and make due diligence to learn, but we all know the process of learning will turn easier and more worthwhile if you have someone who will guide and assist you most especially that you are still starting to learn in trading.

The number one step is first learning how to trade. There's no need hasting to losses when there's always an opportunity to earn. It's better you get well prepared by learning how to trade and then you can comfortably start trading.


You just need how much you can produce and how much you can afford to lose. Don't go get loan because of trading.

You trade with exchanges, just choose a reputable one.

I hope your questions are answered already OP.

This is what I have to say to you - don't overthink that even if you know how trading works, you will be successful right away. Just to note that there is no magic in trading, some of them spend years before they reach their goal and we never know about you. But of course, this will depend on how you are adapting to the market condition and the level of your knowledge.
You really need time to do it and make sure that you are prepared enough for what will happen to your money as to remind you that losing is certainly possible when starting.

That is the first thing you should do while trading conduct research so that you do not lose too much money. And you must find someone you know who is knowledgeable about trading, you cannot rely solely on the internet you must also practice physically. When you understand trading, there is no need to ask anyone what much I will start with. Trading is not easy, but once you learn and know how to stake, I thing you will like trading above any other business or investment since it allows you to cash out on a daily basis when he favour you. and you should aim to have another source of income that can help you if you lose on trading you can get another money to stake in trading and get your capital and profit back. when you can't take risk don't try to start trading because he won't favour you is better you do your investment and minimize your risk but if you are strong you can do it and profitable because he change people life to become someone now and guiding people to make money to. i like trading very well but have not get huge knowledge i need to get yet to start taking huge risk .

google is your first step

First of all go and have a deep Research on the tools used in trading along with the techniques used. Don't buy any courses just go on social media and have a research and learn from it.

Then create demo accounts or have some investment of a short range that you can practice upon. Invest the money like you're investing thousands of dollars so that you can get the practical experience.

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.

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.

Fund/capital shouldn't be the emphasis as you can lose any amount you fund with if you don't have the prerequisite knowledge for trading. Skill set is the major thing and you should do all you can to get that to be successful in trading.

Wallet type or usage depends on what crypto you're trading. Most traders do their stuff on exchanges. There are variety of options on exchanges than on wallets, except you're referring to DApps on wallets.

Meta trader isn't for all tokens. You can use live charts from coin sites. Poocoin or Tabtrader is also available for chart analysis.

Basically yes there are quite a lot of learning methods that we can use, if you don't have any experience at all then you can learn from the experiences of others, such as taking the positive part of other people's experiences and also avoiding various actions that make other people experience things that are not desirable such as experiencing a significant amount of loss where you can agree with yourself not to make mistakes that have been made by others, and this method can help you accelerate the learning stage.

I understand that all successful traders always start from a beginner who knows absolutely nothing, of course, to gain experience, courage is needed, even if you fall and experience things that are not wanted but this is what is called experience where you can learn from these events in order to become a better trader and develop, This means that of course a beginner must have the courage to try even if the results are not as expected, it's not wrong because successful people are always born from failure because they make mistakes, but if you deliberately don't learn anything at the beginning then you try blindly with completely empty knowledge then yes maybe I will agree with your opinion that it is a mistake that should not be made by a beginner.

The point is to never give up and never get tired of learning, I understand that it takes a lot of energy, but this is what you have to go through if you really want to achieve success in any field. Remember that you must be willing to take the bitter medicine first if you want to get well.