Topic: How to learn bitcoin trading? - page 10. (Read 1925 times)

I personally started self-taught bitcoin trading. because nobody helped me learn to trade. so first I learned about reading charts, making patterns, looking at RSI, after that I drew patterns of price patterns. and others are looking for information / news about bitcoin. then start trading with small funds (trade according to what you can afford to lose), take only 2-3% profit. do it over and over again, until you are familiar with the bitcoin price movement.

 watch some tutorials in YouTube for sure you can gain knowledge and information wherein how it really works. And also look for some sort of exchange that offers free trial and demo account so that you can practice your skills while watching tutorials that's the basic moves mate..  I suggest also to put more efforts if you really interested on it because it's useless if you just relying on others without doing anything. bear it on your mind.  Regards

Well this is very steady to learn by beginners who want to learn about Crypto trading. Because Crypto trading should really understand the basic trades so as not to happen the risks that make us lose.

If you have a close friend of yours much better ask those basic informations about trading process in which I think actual demonstration is easy to understand rather that reading and watching videos. Well, I respect your opinion but for me teaching them while have a demo, they can ask easily many frequent questions as they can and I think its the best way.

I suggest that you take the basic training on trading first, buying an e-book or watching videos on YouTube can be a good reference
then if you already have the knowledge, what you need next is to train your mentality
because trading on Bitcoin will be very much different from trading on commodities or forex
Bitcoin price changes that are very fast will make you surprised.

First things first you have to understand trading and the risk involved then practice to predict the market either altcoin or any charts. Learn all the process Fundamentals that wil help you support what you will see in the chart or Technical analysis.
All you need to learn practice and most importantly to have a discipline and control in your emotions

there are many ways to learn crypto trading, you can search for information on the site, video tutorials, ebooks, social media, I myself also often search for techniques on the internet for inspiration, and last but not least is learning from experience, when we make a mistake in trading, we will learn to find a solution.

Yes, I agree with what you said because in just reading many articles in this forum and outsides to this forum, you can have a piece of massive information that you need to learn. Different personality has a different demand so the only thing that I want to advise to newcomers and advice to me, in the beginning, is to spend so money that you can afford to lose because in this kind of industry the cryptocurrencies price is very fluctuating unlike to other investment/ stock market.

There are a lot of simple ways on how to trade bitcoin and you just need to search it in google. If you are newbie in this world it is important to know the basic knowledge about it. Maybe try to watch some trading videos on youtube because it will help you a lot. Just like others I also watch videos on youtube and it totally guides me to lessen my losses. In terms of security you should use major crypto exchange and always remember this quote "Do not put all your eggs in one basket" and I make sure you will diversify your investments.

   
No need to ask people for the trading purpose, you just search in this bitcointalk platform and you will get huge information regarding your desire, I think Google is the best platform for getting any help towards learning anything, I can give you some advice which could help you for making your decision whether you could take or not, I think this platform is not stable anymore so as a newcomer you might face a huge difficulties when you trade, so I think if you have invested in Bitcoin then Holding could you make comfortable rather than trading, If the price will high then you may sell your Bitcoin, that's one of the easiest ways to make money. so the decision is yours.

You could find everything you need to know about how to start trading in the forum.
Just like those mentioned above. Piece of advice, you don't have to start with bitcoin, you could start with a cheaper one first such as alts.
You need to fully grasp the idea of trading. Reading articles or videos on youtube might help. Then practice it yourself.
Put this in mind, only invest what you can afford to lose.

when you have bought bitcoin, I make sure that you have a wallet, and a trusted exchanger, so I will not explain about that. a little information from my experience, when you have held bitcoin, make sure that you don't relax and don't pay attention to information about it. some people leave the bitcoin they have with the intention of waiting for prices to rise, but in fact, in 2017, some people are not aware of the price reduction that occurs because of leaving information.

the thing that I emphasize most, in this case, is, learn to manage the risks that could occur. pay attention to the FOMO that can happen at any time, sometimes because of this many people lose. You also need to have a target for sales, for example, I target the price to sell when the price of bitcoin rises above $ 12k. still, pay attention to information and prices on the chart that is happening now.

Basically learn from everything. The tips that you'll see here are what works for the people giving out the tips. Videos, books, engaging in forums and discussions, you'll be able to pick up a lot from all these. Though i agree about trading with small amounts. What you'll learn from others won't have any effect if you don't apply and practice. Keep yourself aware of how it feels to lose. I think that's essential in getting your emotions ready for trading.

First, choose the right trading platform/exchanges, in general, you should register on exchanges in your country to make it easy to comply with the kyc policy, deposit, and withdrawal fiat currency. You can check every exchange to find out how much fees they are charging.
You can learn bitcoin trading from some people who share their TAs every day or every week, you can find them in tradingview site.
However, in the end, it's your call to buy or sell bitcoin, that's why you should do your own research regarding market trends, what's the next event that may affect bitcoin price.
Knowledge is the key to make the right decision.

A lot of guys here suggesting watch youtube videos or read articles on how to trade. For me,  same with them but watch only the essentials, the basics! After that, you should start trading with a small amount of money. I believe that to learn how to trade, you need to experience trading fully. Keep on learning by experiencing it.


Personally, I am applying some of the trading signals I see here on the web, and mostly they are working. But yeah, you will lose money on some signals. Nothing is accurate in terms of trading. But most of the signals are just based on the trend. For me, following the trend is a good thing with regards to trading because that is my basis when I am making a day trade.

Every BTC trader needs to decide what's more important: accumulating dollars or BTC. It's different than virtually all other investment assets in that sense. No one cares how many shares of XYZ stock they have; it's all about the dollars.

Your desire to accumulate BTC (which also means not losing it through trading) entails a very different trading style than the traditional capital preservation approach. During uncertain market conditions, you would hold (baghold) to prevent losing BTC, which can obviously lead to dollar losses. Traders in the traditional markets would naturally consider this a risky or even reckless approach.

Whatever you do, just don't have strong hands through an 80% crash and then get weak hands and sell the bottom. That's what a lot of newbies do.

Anyway, as far as fees:
I used to recommend Coinbase Pro but they jacked up the fees recently. Kraken seems to be the cheapest major fiat exchange now, and Binance for stablecoins. Some exchanges (including Kraken) have a maker/taker fee model where it's much cheaper to trade using limit orders instead of market orders.

Security:
Always use 2FA. Don't use SMS, which is vulnerable to porting attacks. Use Google Authenticator or similar, if not U2F.

Finally, learn some basic TA and do some paper trading before risking a small amount of BTC. You can build up the capital at risk once you get more comfortable and profitable. This is a good place to start with TA: https://www.babypips.com/learn/forex/elementary

Security tips:
Use hardware wallets
Use multiple emails and a Virtual box whenever opening suspicious links that you REALLY Have to open
Other things to consider:
What kind of investment do you want to do?
Do you have money that you are willing to lose? If no, then stop trading.
Don't go to debts just so that you could continue trading.
Study on your own, produce your own trading techniques and skills to analyze the market
Don't FUD, trust what you think should be trusted.

Well, those are mostly simple tips and the fundamentals of trading should still be researched by you alone. Refer to books and youtube videos and you should be fine to go. And by "Fine" I mean ready to lose money for the first time? haha

Personally, I learn it from experience, I would say that I lost a decent money in the beginning but it's all good. I mean the experience you will get is priceless.

Anyways, I searched a few threads here in the community, maybe it can help you out.

How to learn day trading?
Where can I learn trading ?
Where to study trading and technical analysis?
Want to learn basic trading ?
How did you start trading?
Education for Cryptocurrency trading?

Good luck to you and see you on the trading floor, 

If you are new in this market I recommend reading through this topic. https://bitcointalksearch.org/topic/guides-on-bitcointalk-index-thread-until-there-is-a-dedicated-subforum-4928968 This is a very useful topic compiled by reputable members in the forum.
You should also go to the Beginners & Help section to learn more. There is a lot of knowledge that beginners need to learn.
And there is one experience that I think you should know: Don't invest based on anyone's advice.

You are so new that it is difficult to give you an advice, there are many ways to trade the markets and each person will find a method they like more, there is fundamental analysis, technical analysis, day trading, swing trading and long term trading and you have no idea what you may like to do, I recommend to you that you read several books and watch many youtube videos about the different ways to trade before deciding on a method, and once you select the one you like then read about it for at least a month before you begin to trade.