How to learn bitcoin trading? - page 5.

tungaqhd

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Quote from: Odetta1 on November 06, 2019, 03:19:26 PM

I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.

Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.

I think practice is very important beside reading/ watching. You can learn from many tutorial on the Internet but you should start trading with small amount daily so you will get many important skills that you can not learn from otherwhere.

bitzizzix

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SOL.BIOKRIPT.COM

If you are a beginner, you must have basic knowledge first and try to start with small capital as a trial strategy and do it right at the right time and to find a strategy that suits you, and over time you will understand and get lessons about trading because You experience it firsthand which will be your lesson to become a good and correct trader for its continuation.
and you also have to learn about the very fluctuating nature of bitcoin where prices can change significantly, and it seems to be less effective to start just by reading or looking at tutorials on You Tube or others if you don't directly experience how to adapt in bitcoin trading.

Aaroenz0r

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Option Blitz

Quote from: Odetta1 on November 06, 2019, 03:19:26 PM

I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.

Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.

I know that good trading always brings unexpected big profits to everyone. even make us rich faster than the owners who are always waiting for luck. but the newcomers are greedy and want to make a lot of money, when the psychology is unstable and unplanned trading will burn his account. So the first lesson for you is "let's trade but not gamble".
This means you should be alert when trading and always follow the rules when trading. Don't be greedy and command the things you don't understand. Besides, it should also dismiss the expectation. These factors will help a person become a good trader.

superman2019

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Quote from: Waterfull446 on November 25, 2019, 07:17:43 AM

No one will consider you a failure if your investment is small. I would be more worried about those guys who are running to sell a house to invest all their money in bitcoin. My advice, try using trading recommendations on the taklimakan platform. They are created by experienced traders, and we, as beginners, can study their approach to investing. Cryptocurrencies, on the contrary, can be the right way to save money from political or economic problems.

I went and bought crypto only because banks do not offer favorable conditions at all. Local currencies remain in the shade and may collapse, while dollar deposits are too high. That is why banks have a period of crisis, although outwardly everything may look good. Credit systems cannot work when there is no public confidence in banks. Cryptocurrencies are also full of fraud, but here you act at your own risk and I put the amount that will not bring me any harm if they are lost.

Waterfull446

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No one will consider you a failure if your investment is small. I would be more worried about those guys who are running to sell a house to invest all their money in bitcoin. My advice, try using trading recommendations on the taklimakan platform. They are created by experienced traders, and we, as beginners, can study their approach to investing. Cryptocurrencies, on the contrary, can be the right way to save money from political or economic problems.

educart

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I’m probably one of those newcomers who consider investing as a way of saving. Of course, I understand that in crypto trading there are a lot of risks and I can lose all the money invested, but hell, I will do it because in my country the dollar is not the main currency, and if I can earn already $ 50 more than I invested , it will be a great gain.

Karmakid

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Quote from: btc-facebook on November 25, 2019, 03:15:39 AM

Quote from: jrrsparkles on November 19, 2019, 05:11:18 PM

Quote from: Odetta1 on November 06, 2019, 03:19:26 PM

I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.

Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.

If you are going to start crypto trading as your career then learn technical analysis which available at cost paid course or you can also get the same tips from other traders on social media platform like youtube with real time example.But don't trust them all there are some scammers or noobs trying to make some money by saying this as tips to be a good trader.

it would be better if for beginners to avoid youtube, because it is difficult for beginners to distinguish whether a YouTuber is a trader or not,
it will be easier to learn paid online classes or study in the real world. because for online classes or direct learning in the real world can directly survey before following it.

You can easily identify if the youtuber is a real trader or not if he can explain the lesson or topic very well. Newbies or beginners should focus in learning how to trade through the youtube platform because it is free and very accessible so they will have no hard time in learning and finding useful videos that might help them to start trading on their own.

conex

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crypto enthusiast

Would advise you to grasp crypto basics by yourself. There are many sites which offer education such as Crypto School, Newscrypto.io etc.. Use trading simulators in the beginning and get common knowledge and feeling. And it really comes down to do you want to hold btc or trade it?

btc-facebook

legendary

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Quote from: jrrsparkles on November 19, 2019, 05:11:18 PM

Quote from: Odetta1 on November 06, 2019, 03:19:26 PM

I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.

Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.

If you are going to start crypto trading as your career then learn technical analysis which available at cost paid course or you can also get the same tips from other traders on social media platform like youtube with real time example.But don't trust them all there are some scammers or noobs trying to make some money by saying this as tips to be a good trader.

it would be better if for beginners to avoid youtube, because it is difficult for beginners to distinguish whether a YouTuber is a trader or not,
it will be easier to learn paid online classes or study in the real world. because for online classes or direct learning in the real world can directly survey before following it.

bohr

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Quote from: qwertyup23 on November 20, 2019, 06:04:02 PM

Quote from: bohr on November 20, 2019, 05:46:46 PM

Quote from: pawanjain on November 17, 2019, 10:18:38 AM

One tip that will rule them all is
Explore this forum as much as possible

This will not only clear all your doubts will also provide you additional information on various things.
You will be encouraged to discuss on various topics which will improve your overall knowledge about crypto and blockchain.

This forum is full of useful advice about how to trade the markets the only issue is that the information is not condensed like it would be in a book, so you will need to read a lot before you find the information that you want to obtain, so it is better to complement the forum with a good book or if you do not like to learn from books you could learn from YouTube tutorials which make a good job teaching you the basics about how to become a professional trader.

Learning something can be compared to driving. No matter how many books you read or videos you watch, you will never truly learn until you personally experience it. Same goes with trading that actual experience would definitely support in starting into trading.

You are not incorrect in your statement but learning only by experience does not make sense either, and this is especially true in trading where a few mistakes are enough to lose all your capital, so it is important to learn as much as you can before making a single trade and then when you are finally ready the only things you will have to learn are those things that are not possible to learn except by experience, it will take time but if you persist you will become a good trader

Capt00

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Quote from: juperos on November 22, 2019, 10:46:34 AM

There are many resources to learn on the internet such as forums, youtube or google ... when I first started I often looked up information with this resource, the second thing is that you should find someone who has experience. and succeed in trading try to reach them so that you can go further in a short time, but the best way is still practice, spend some of the idle money you save to invest, that are your own most valuable and experience lessons.

Yes, there is a lot of learning sources around particularly on the internet but things can't be enough to be good at. And in terms like this, EXPERIENCE is the best teacher. The more we are exposed to this kind of field, the more we got ideas and strategies. For learning in trading can't be instant, it needs patience and habitual practice and with that, we can assure fast adoption and learnings.

juperos

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There are many resources to learn on the internet such as forums, youtube or google ... when I first started I often looked up information with this resource, the second thing is that you should find someone who has experience. and succeed in trading try to reach them so that you can go further in a short time, but the best way is still practice, spend some of the idle money you save to invest, that are your own most valuable and experience lessons.

rose9696

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Quote from: Odetta1 on November 06, 2019, 03:19:26 PM

I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.

Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.

This trading document is available everywhere on social media and youtube, and is divided into many different categories. such as technical analysis, price action analysis, buy and sell by news, ...
But for bitcoin, the most effective is still Price Action and some necessary trend indicators such as RSI, EMA-MACD, Bollinger Band. You should study and understand more about those types before making a trade.

Kevondo

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Quote from: topbitcoin on November 20, 2019, 09:47:04 AM

Quote from: Pamadar on November 20, 2019, 08:39:49 AM

Quote from: ethereumhunter on November 20, 2019, 08:15:33 AM

Quote from: conex on November 20, 2019, 07:09:08 AM

For start get some basic knowledge about cryptocurrencies at different sites (education).
Read forums and be up to date with news every day.
Start trading with simulators and then get your hands dirty with small money at one of preferred exchanges (binance). It's a way of life.

Besides that, you need to practice as many as you can. If you don't have experience in trading, then you don't have to use big money if you are not sure. You can use little money because you need to familiarize yourself with trading and analyzing the market so you can improve your skills. After you think that you can trade with good, then you can use big money to trade. I am sure that you will make a bigger profit.

That's the purpose of simulators you can keep practicing and try every combination that you think will help you to improve your skills.
There's always a way if you really keen to help yourself before engaging to this business. Keep on reading and watching those related
articles and video shared you will find good information that you can use as basis to enhance your chance of success.

May i ask too which sites that have demo account for trade bitcoin ? and thank you before. Sometime my friend asked me in where to trading crypto with demo account and i don't know about it. What i suggest is like what Ethereumhunter said, to use small amount of money at least he can get experience about trading with it.

Bybit, Overbit, Bitmex, Bitsgap, Adss, Itrader are the few ones. The list actually goes on and on. By making demo accounts, you can improve your skills and increase knowledge of trading. Basically, you must understand all the bits of this profession as well as your asset. Choosing a potential coin holds the most significant value. With a weak coin, no matter how much good a trader you are, you cannot make good profits.

NeironixNV

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https://neironix.io/

Quote from: Odetta1 on November 06, 2019, 03:19:26 PM

I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.

Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.

I would advise you to study the basics of technical analysis, at least trade from horizontal levels of support and resistance.

qwertyup23

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Quote from: Odetta1 on November 06, 2019, 03:19:26 PM

I have invested in bitcoin, and i would like to learn about trading bitcoin to hopefully maximize both my current and future investments.

Since i am completely new to the world of crypto i would appreciate it if more knowledgable people have any good resources or tips to share. Both for (hopefully) profiting from trading, and for practical tips on how to reduce fees, maximize security in a practical manner and anything else that is necessary and/or helpful in my quest to accumulate bitcoin.

The best way in order to learn about trading is through experience alone. Even if you read tons of guides, information, and tips about trading, nothing is better than personally experiencing it on the market. You can do this by starting a capital that is low and watch videos on how you could start trading.

As for my experience, I highly recommend that you do trading in intervals and not on day-trading as it would require more experience, time, and skill.

Quote from: bohr on November 20, 2019, 05:46:46 PM

Quote from: pawanjain on November 17, 2019, 10:18:38 AM

One tip that will rule them all is
Explore this forum as much as possible

This will not only clear all your doubts will also provide you additional information on various things.
You will be encouraged to discuss on various topics which will improve your overall knowledge about crypto and blockchain.

This forum is full of useful advice about how to trade the markets the only issue is that the information is not condensed like it would be in a book, so you will need to read a lot before you find the information that you want to obtain, so it is better to complement the forum with a good book or if you do not like to learn from books you could learn from YouTube tutorials which make a good job teaching you the basics about how to become a professional trader.

Learning something can be compared to driving. No matter how many books you read or videos you watch, you will never truly learn until you personally experience it. Same goes with trading that actual experience would definitely support in starting into trading.

bohr

sr. member

Activity: 994

Merit: 257

Quote from: pawanjain on November 17, 2019, 10:18:38 AM

One tip that will rule them all is
Explore this forum as much as possible

This will not only clear all your doubts will also provide you additional information on various things.
You will be encouraged to discuss on various topics which will improve your overall knowledge about crypto and blockchain.

This forum is full of useful advice about how to trade the markets the only issue is that the information is not condensed like it would be in a book, so you will need to read a lot before you find the information that you want to obtain, so it is better to complement the forum with a good book or if you do not like to learn from books you could learn from YouTube tutorials which make a good job teaching you the basics about how to become a professional trader.

topbitcoin

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Activity: 1694

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Leading Crypto Sports Betting & Casino Platform

Quote from: Pamadar on November 20, 2019, 08:39:49 AM

Quote from: ethereumhunter on November 20, 2019, 08:15:33 AM

Quote from: conex on November 20, 2019, 07:09:08 AM

For start get some basic knowledge about cryptocurrencies at different sites (education).
Read forums and be up to date with news every day.
Start trading with simulators and then get your hands dirty with small money at one of preferred exchanges (binance). It's a way of life.

Besides that, you need to practice as many as you can. If you don't have experience in trading, then you don't have to use big money if you are not sure. You can use little money because you need to familiarize yourself with trading and analyzing the market so you can improve your skills. After you think that you can trade with good, then you can use big money to trade. I am sure that you will make a bigger profit.

That's the purpose of simulators you can keep practicing and try every combination that you think will help you to improve your skills.
There's always a way if you really keen to help yourself before engaging to this business. Keep on reading and watching those related
articles and video shared you will find good information that you can use as basis to enhance your chance of success.

May i ask too which sites that have demo account for trade bitcoin ? and thank you before. Sometime my friend asked me in where to trading crypto with demo account and i don't know about it. What i suggest is like what Ethereumhunter said, to use small amount of money at least he can get experience about trading with it.

Pamadar

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Quote from: ethereumhunter on November 20, 2019, 08:15:33 AM

Quote from: conex on November 20, 2019, 07:09:08 AM

For start get some basic knowledge about cryptocurrencies at different sites (education).
Read forums and be up to date with news every day.
Start trading with simulators and then get your hands dirty with small money at one of preferred exchanges (binance). It's a way of life.

Besides that, you need to practice as many as you can. If you don't have experience in trading, then you don't have to use big money if you are not sure. You can use little money because you need to familiarize yourself with trading and analyzing the market so you can improve your skills. After you think that you can trade with good, then you can use big money to trade. I am sure that you will make a bigger profit.

That's the purpose of simulators you can keep practicing and try every combination that you think will help you to improve your skills.
There's always a way if you really keen to help yourself before engaging to this business. Keep on reading and watching those related
articles and video shared you will find good information that you can use as basis to enhance your chance of success.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: conex on November 20, 2019, 07:09:08 AM

For start get some basic knowledge about cryptocurrencies at different sites (education).
Read forums and be up to date with news every day.
Start trading with simulators and then get your hands dirty with small money at one of preferred exchanges (binance). It's a way of life.

Besides that, you need to practice as many as you can. If you don't have experience in trading, then you don't have to use big money if you are not sure. You can use little money because you need to familiarize yourself with trading and analyzing the market so you can improve your skills. After you think that you can trade with good, then you can use big money to trade. I am sure that you will make a bigger profit.

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