How do I start trading? - page 7. | Bitcointalksearch.org

Helpme_please

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Quote from: AakZaki on August 13, 2021, 10:04:04 AM

Quote from: Questat on August 12, 2021, 04:00:14 PM

I agree with this. It is a need for us to start from the bottom and investing in learning the basics first is one way of preparing ourselves to make it better someday. There are no shortcuts in trading which we can directly go on top like being an expert instantly, that really insane and I'll take that way but there is nothing, so it means we need to move step by step.
If our mindset has already been positive, we can really make these things no matter how long we have into this learning process. It surely it wasn't tiresome to do it but if not, quitting is the easiest way.

Indeed, there is nothing instant to achieve a new knowledge. Technical analysis cannot be learned overnight. it takes time and a lot of trading experience to master it. An expert even continues to learn and continue to hone his skills every time they trade. Don't stop because you don't know what to do. lots of places to study. Experience will enable you to do it.

Even professional traders are still learning about the market, they feel that the market will always be their teacher, so they are not easily satisfied and always correct every lesson they learn, so we as novice traders must instill trading knowledge as our basic capital. after that we can choose the exchange and pair for where we trade, this is important so that later our funds remain safe on the exchange

KIMTUYEN1122

jr. member

Activity: 672

Merit: 1

Before starting to step on any exchange, what you need to do is learn the coins and you cannot ignore the following 3 coins: Bitcoin. What is Ethereum and Tether. Because these 3 coins are an important foundation for your investment process.
Introductory lesson for beginners to play Coin:
1. Hold , do not Trade
2. No leverage
3. Fundamental analysis
4. Capital Management
5. Extreme patience

Lakai01

legendary

Activity: 2296

Merit: 2721

The best tip I can give you: Learn to trade via paper trades. You don't use real money, but trade by recording your trades in an Excel spreadsheet, for example. You note down how you would trade, for example:

2021-08-13 - Bitcoin - Long - Stop Loss 5% - 46,460k

If your trade is successful, you mark the line in Excel green, if not, red. You do this classically over several months and get a very good feel for the market. After 2 months at the earliest, you can then put real money for the first time, but at the beginning only a very small amount, maximum 0.5% of the trading budget. As soon as real money is in the game, the nerves flutter quickly and it is easier to be tempted to short-circuit actions.

AakZaki

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zknodes.org

Quote from: Questat on August 12, 2021, 04:00:14 PM

I agree with this. It is a need for us to start from the bottom and investing in learning the basics first is one way of preparing ourselves to make it better someday. There are no shortcuts in trading which we can directly go on top like being an expert instantly, that really insane and I'll take that way but there is nothing, so it means we need to move step by step.
If our mindset has already been positive, we can really make these things no matter how long we have into this learning process. It surely it wasn't tiresome to do it but if not, quitting is the easiest way.

Indeed, there is nothing instant to achieve a new knowledge. Technical analysis cannot be learned overnight. it takes time and a lot of trading experience to master it. An expert even continues to learn and continue to hone his skills every time they trade. Don't stop because you don't know what to do. lots of places to study. Experience will enable you to do it.

Shasha80

sr. member

Activity: 1876

Merit: 318

Quote from: Tessnik on August 12, 2021, 05:40:24 PM

The best thing for you to do is to buy some bitcoin and hold for a while and while holding take your time to understand the entire market movement in other to get in and out at the right time, because trading is all about buying and selling to make profits so buying at the right time and selling at the right time will w
help you grow you trading confidence and profits.

The simple understanding of trading is true by buying and selling at the right time, in order to make a profit. But the problem is that in practice
it is not as easy as imagined, there are many factors that influence someone to succeed in trading. It takes knowledge and experience to be able
to find the right time to enter and exit a trade. And that process sometimes takes a long time for us to understand how to trade properly.

lixer

hero member

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Quote from: isaac_clarke22 on August 13, 2021, 03:24:07 AM

The condition of the market could be different when they were doing it than when you were doing it. I would advise you to listen closely to whatever tutorial you were following.

Yeah, even the basics of trading are always same but due to heavy changes on the volatility of market fluctuations, old strategies may lead to stoploss hitting as they need further finetuning with respect to latest trend of market conditions; this is why we must always need continuous learning and then updating our skills and techniques.

Quote from: Ziskinberg on August 12, 2021, 06:11:06 PM

There are several ways on how to start trading, not need to take them all but only have to choose where you become comfortable and much more helpful to you. As because not all of these things could help you instead, it might confuse you.

Must be a most practical approach and I have realized that in my own experiences. There should be at least one million strategies but learning at least 1% of them will not be possible for any trader hence going by other suggestions and master one or two strategies and well testing them would be an appropriate way of getting into trading.

isaac_clarke22

sr. member

Activity: 1610

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Quote from: ongsy89 on August 11, 2021, 03:32:24 AM

~

No. The condition of the market could be different when they were doing it than when you were doing it. I would advise you to listen closely to whatever tutorial you were following.
I did the same about 'copy trading' in tutorial and of course it wasn't all profit. Cryptojack was the one Youtuber I watched back then but his tutorials could be outdate right now or irrelevant.

john_nautica

full member

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Quote from: ongsy89 on August 11, 2021, 01:45:03 AM

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.

You really need to understand those if you really want to learn trading for what I've known those tutorials were the basics of trading and if you can't understand it, there's no way you will understand the other advance tutorials i remember I see this links here in the forum. I think this might help you: https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

Adorald

newbie

Activity: 9

Merit: 0

I started trading by making a minimum deposit of $ 100, offered by the Amarkets broker, and simply tested it for the platform, made a withdrawal and realized that it was possible to work.

Ziskinberg

hero member

Activity: 3010

Merit: 666

There are several ways on how to start trading, not need to take them all but only have to choose where you become comfortable and much more helpful to you. As because not all of these things could help you instead, it might confuse you.

I spend more time on Youtube, creating a demo account, and finally, launch my first trade amounting just only $50. That was pretty small but for me, it was enough as I was still learning and familiarizing myself with how it works with the help of my friends and also applying what we get online. Honestly, it gives me some headache...

Tessnik

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Activity: 336

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The best thing for you to do is to buy some bitcoin and hold for a while and while holding take your time to understand the entire market movement in other to get in and out at the right time, because trading is all about buying and selling to make profits so buying at the right time and selling at the right time will w
help you grow you trading confidence and profits.

lienfaye

hero member

Activity: 3010

Merit: 629

Quote from: ongsy89 on August 11, 2021, 01:45:03 AM

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.

Watching tutorial videos on youtube are an effective way to learn how to trade, thats how I learned too.

It might be hard to understand first but eventually you can comprehend on how it really works. You just need to choose a trusted trading site, a capital to use and of course a coins thst you're going to buy/sell for trading.

This need an extensive research, what we can give you here is an advice and guide that can help you as a trader.

tvplus006

legendary

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To the Moon

Quote from: dustboy on August 12, 2021, 08:00:37 AM

Assuming your friend is familiar with crypto than you, why don't you ask him about how to start trading? Afaik you'll learn it better with your friend who introduce it to you. Aside that you can trust him better as it can be something related to money, you will be able to learn it directly from your friend's trading activity. If you think forum is the next best place, spend your time wisely to search and find anything related to what you want to learn.

This would be the best way to get acquainted with trading, having your friend as a mentor, to whom you can turn for advice at any time. But for this, your friend must have high knowledge and have experience in trading, otherwise you and your friend will lose their money.

lalabotax

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Activity: 1582

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BK8 - Most Trusted Gambling Platform

In my opinion, if you don't know yet about how to trade, so, don't trade yet.
Trading is a very risky activity. You may lose your money and being hate trading crypto.
You can get the risks, moreover high risks if you really don't know yet about trading and crypto. Now, it is better for you to start by learning at first, learning about crypto, trading, exchanges, coins, tokens, wallets, and many more. And then, learning how to trade in certain exchanges that are reputable and trusted. Use a small amount to start trading, not all in

GeorgeJohn

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Enjoy 500% bonus + 70 FS

Quote from: ongsy89 on August 11, 2021, 01:45:03 AM

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.

Actually a bitcointalk community is nice institution where someone can comprehend easily of cryptocurrency challenges, so from the aspect of trading it easy and also difficult to start trading, so it is base on individual differences of comprehension via crypto, now it's advice able as a beginner in trading to grab the full information or details of cryto chart or graph, so the beginning of trading is to get acquainted of candle sticks movement concept before adventuring into trade, because the movement of candle sticks determine the values of lost and profit if well understood, secondly, adventure into a trade as a starter with small amount of capital and never be greedy for profit irrespective the value.

Questat

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Activity: 2982

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Quote from: AakZaki on August 12, 2021, 01:04:47 PM

Learning the basics of trading technical and fundamental analysis will be more helpful when trading. as a beginner it takes hard work to be able to understand and understand trading. don't think about capital first, but learn what knowledge you learn. Any amount of capital can be used for trading, the most important thing is that the trading methods and steps are correct and can be profitable. This will also train psychology when trading.

I agree with this. It is a need for us to start from the bottom and investing in learning the basics first is one way of preparing ourselves to make it better someday. There are no shortcuts in trading which we can directly go on top like being an expert instantly, that really insane and I'll take that way but there is nothing, so it means we need to move step by step.
If our mindset has already been positive, we can really make these things no matter how long we have into this learning process. It surely it wasn't tiresome to do it but if not, quitting is the easiest way.

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: syedakhlaque on August 12, 2021, 09:47:12 AM

All Friends should know that you can trade in all times of ups and downs,in all seasons in all kinds of clouds. It depends on your ability, right decisions, and capability to earn in all conditions. If market goes down someone is earning. Similarly when the market goes very high .someone are earning and some persons are getting loss. Question is that whom you are in...... under loss of profit. But I advise new traders to start trade with a careful investment then after some good experience, invest a large amount.......

Honestly the "ability" part is the most difficult part, it is not easy to trade if you are not an expert in a very rough condition, sometimes it goes up and down so quickly that you end up with losses back to back to back, and it becomes something common during those periods. Plus, if you are dealing with leverage then it means that even a 50$ change means you could lose so much money, or earn so much money as well. I have to say that life is not easy for a trader, I would love to say it is, but it is really not.

It is obvious that we should not be focusing on anything other than making a profit and losing focus on a quick trade could mean the death of profit, but it also happens so many times as well, it is not easy to focus on trading without getting sidetracked, even something as simple as watching a youtube video could mean you could miss a chance.

huu78

sr. member

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Maybe you can start by buying some coins or tokens that are in the order of 10 marketcap. Choose your best exchange and buy it at the lowest price at that time. tThen you only need to place a sell order, more than 2-5% of the price you bought. This is what I did when I first learned to trade.

Mahanton

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Quote from: ongsy89 on August 11, 2021, 01:45:03 AM

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.

When you are just totally starting up trading then you could start from this.

https://www.babypips.com/ - This might be a forex beginner guide but when it comes to technicals then all things are worth to read on.

Here's some vid for total idea or things about trading: https://www.youtube.com/watch?v=PFyZv4OFfvs

You wont really be able to understand if you dont know the terms which you would really be needing to learn of those things first.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Learning the basics of trading technical and fundamental analysis will be more helpful when trading. as a beginner it takes hard work to be able to understand and understand trading. don't think about capital first, but learn what knowledge you learn. Any amount of capital can be used for trading, the most important thing is that the trading methods and steps are correct and can be profitable. This will also train psychology when trading.

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