Topic: How do you start trading? - page 7. (Read 3271 times)
Trading does have a big risk and requires good knowledge and strategies to be able to trade well and profitably, starting with small amounts, observing and analyzing the market well, finding coins that have good and profitable movements, and more importantly to do with time right
I start trading with fill my brain with full of knowlage about trading. We can search that in google, you tube or any social media. And the we also can get an information from the pro
In my opinion to start trading we must be able to choose the right coin, because if it's wrong then it will definitely be detrimental and won't get a profit. Seeing cryptocurrancy is very risky and many coins are scam so this must be considered. Then you have to know about trading and can analyze the market well so you will know which coins have good movements.
I see my friends when they're trading. That's how i start. I always learn everything, everytime, everywhere. After that, i try to predict the market then find some solutions. And when the situations happen, i'll have a plan.
Any trader who does not add losses as part of the game is surely not set to trade.One thing with trading is that you cannot have it all in the line of profit 100% and there would always be room for some losses one way or the other.
Every wise trader should know better that it is more of prediction game, except that in this lane, you are trying to use some information to predict the possible movement of price which sometimes you can end wrong not because the signal was not there, but because of the market conditions.
Hello ,
Trading is an active style of participating in the financial markets that seeks to outperform traditional buy-and-hold investing. Rather than trying to profit from long-term uptrends in the markets, traders look for short-term price moves to profit in both rising and falling markets.
Successful trading involves more than reading a few articles or books. You should plan on devoting a substantial amount of time and effort before ever placing a trade in a live market. This can be difficult because most new traders are anxious to get in the market. While the research and time commitments may sound daunting, they're a realistic and integral part of becoming a profitable, independent trader.
Hope you had a simple support from this reply.
Thanks.
Trading is an active style of participating in the financial markets that seeks to outperform traditional buy-and-hold investing. Rather than trying to profit from long-term uptrends in the markets, traders look for short-term price moves to profit in both rising and falling markets.
Successful trading involves more than reading a few articles or books. You should plan on devoting a substantial amount of time and effort before ever placing a trade in a live market. This can be difficult because most new traders are anxious to get in the market. While the research and time commitments may sound daunting, they're a realistic and integral part of becoming a profitable, independent trader.
Hope you had a simple support from this reply.
Thanks.
For the new traders and I, it's important to start with learning all you can about the subject of trading generally, familiarise yourself either trading processes and learn about cryptocurrency and bitcoin in particular. Nice you are ready, start trading what you can afford to lose first and then you will have experience to trade big in the future!
This is always going to be the very first step any trader should be focusing on as long as they want to enjoy their trading moments, otherwise, they will find it very hard to get anything from the market unless they just hit some luck which in this case does not last and you will get your ass exposed when the market switches trend.One thing so far as far as I am concerned, is to never stop learning and then, take your time to practice as much as you can to be able to gain some confidence either by doing paper trading or demo trading to perfect whatever strategy you want to stick with in making market decisions, because without that, you will even be exposed to more risk.
Trading is very risky they said and the information to learn is very wide , every losses and profits is a experienced that is why I'm very interested in trading , yet i don't know where i should start .
Can you share guys how d5o you start with this line?
Can you share guys how d5o you start with this line?
If you know how to read and understand it is not difficult to trade. With an small amount of capital you can start trading just to get experience because experience is the best teaching tools.
To start trading in this market, you need to make friends with people who have experienced investing in this market and ask them to guide it so much better.
You start by learning. You don't directly jump to the market and start investing to trade. You will end up making huge losses. Learn the market first. How it works and analyze the previous charts. You will get a fair idea about the fluctuation of the price. Next, start low, gain experience and then start investing more. If you execute everything properly, you will end up with a decent amount of profit from trading every month.
To start trading you must have knowledge first. It is not easy to do trading without learning first as this is really important to gains profit. Once you are knowledgeable on how you can earn it is a good start to do trading.
To my mind, first you should learn the basics, read the basics and then after watch some videos, later, you will be able to enter the market and sell crypto earning good money.
I was also working on a job as a trader, I did not have much knowledge about trade, at first I did not intentionally trade, when I received rewards in the form of coins from the bounty campaign, I finally decided to wait for the price to be high and trade.
Learning, more learning, demo trading, more learning.
Select a strategy that works for you, sharpen your skills. Practice with it. Never go into live trading until you register a high success rate on Demo.
Start small, (little capital), more practice.
And then learning, practicing, repeating.
A very great advice! I always use a particular word which is 'RUSHING'. These days people are always rushing to make money as soon as possible and they do not want to go through the path where it would make the money making part become a reality. Select a strategy that works for you, sharpen your skills. Practice with it. Never go into live trading until you register a high success rate on Demo.
Start small, (little capital), more practice.
And then learning, practicing, repeating.
So many people will hit the market based on some little knowledge with the mindset that they already know all that they need to know until they start facing the point of making certain decisions in the market, get emotional when they are losing real money and then panic and bail out. What is worth doing at all is worth doing well, so they say!
I have been into trading but I can say I am not still perfect, the most important aspect of trading aside the technical knowledge is the emotional intelligence, being able to know when to take the loss and profit, never get angry when you make mistakes because you must surely encounter them, just learn and improve on them
to start trading you must first learn the correct trading method and what is the benchmark or price increase and movement factors so that you can know the right time to buy and sell coins so you can benefit when trading.
Trading is very risky they said and the information to learn is very wide , every losses and profits is a experienced that is why I'm very interested in trading , yet i don't know where i should start .
Can you share guys how do you start with this line?
Can you share guys how do you start with this line?
The first thing I did was to familiarize things like using exchanges and transacting. I did not care what altcoin I choose. I just picked what I often heard but I did not buy a lot and just small amount to test if I'm doing the right thing. And then after that I did the research because using the tools are much more complicated that studying them.
For the new traders and I, it's important to start with learning all you can about the subject of trading generally, familiarise yourself either trading processes and learn about cryptocurrency and bitcoin in particular. Nice you are ready, start trading what you can afford to lose first and then you will have experience to trade big in the future!
Yea. Its easy to say like that, but in reality I doubt you are even following whatever you said this time. Most likely you just lose and can't move on with your losses, familiarize yourself on trading is fine but if you can't thinking out of the box and just following the general ideas you would probably lose more.agree with it, I in trading it is normal to have losses because not in anytime you can make profit. the question is how to handle emotion base in times of losses, learning trading maybe not predictable yet can prevent losses
thank guys for sharing your thoughtshandling emotion is one of the difficult things especially if we are losses, but if we can say to ourselves that losing the money is part of trading, and we are trying to accept our losses, I am sure that soon we can easy to handle the loss. it cannot be done in one night, but it needs time before we can realize that behind of the loss, we have a chance to recover the money and back to make a profit. doing trading means we need to accept that we have two option in trading which makes a profit and get the loss. once you understand this, you can handle your emotion.
I see my friends when they're trading. That's how i start. I always learn everything, everytime, everywhere. After that, i try to predict the market then find some solutions. And when the situations happen, i'll have a plan.
For the new traders and I, it's important to start with learning all you can about the subject of trading generally, familiarise yourself either trading processes and learn about cryptocurrency and bitcoin in particular. Nice you are ready, start trading what you can afford to lose first and then you will have experience to trade big in the future!
Yea. Its easy to say like that, but in reality I doubt you are even following whatever you said this time. Most likely you just lose and can't move on with your losses, familiarize yourself on trading is fine but if you can't thinking out of the box and just following the general ideas you would probably lose more.agree with it, I in trading it is normal to have losses because not in anytime you can make profit. the question is how to handle emotion base in times of losses, learning trading maybe not predictable yet can prevent losses
thank guys for sharing your thoughts There are a lot of unnecessary, albeit literate words about the principles of trade. If everything is minimized, then the basis of any, including crypto, trade: Cheaply bought - sold expensive. Classics: Money-commodity-money / stroke. The choice of exchanges is purely individual.
Gratitude is welcome
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