Topic: How to learn bitcoin trading? - page 8. (Read 1925 times)

I'm just found out also and why some traders are using youtube about how to start in trading.
Ill think because of this need more viewers and subscribers, We all know if we are have on that we can get more money in you tube.
But if the tutorial are worth maybe it depends on us if we want to subscribe or not.

I'm just suggest must pick those most basic trading tutorial and then back in a market and try to trade if this works or not.

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're really eager to learn about crypto trading, you're on the right track. There are lots of trading tutorials here and you can even ask specific questions. Actual trading without knowledge is a big risk so you have to do your own research through online resources. There are also exchanges like Binance that offers free trading tutorials. Learn to handle your emotions because trading is like a roller coaster ride. You have to deal with every situation.

There is a lot of information to learn since you are beginning, and i can't share all the links here. I was just like you before i started out trading.
The best resource i would recommend is Youtube.

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.

It's better to invest first in the next few months while learning and how to trade properly and make a profit. If you want to maximize your investment by trading, I think you should learn first, and YouTube to learn more easily because there are many its benefits.

Knowledge and experience are the two most powerful tools in the realm of trading. If a trader holds good understanding of his asset and profession, his chances of succeeding in his filed increases. The internet is full of such articles. Bitcoin is the right choice for making significant amounts of profit from trading because of high volatility. Before taking any step, predictions of experts should be taken into notice too.

Knowledge and experience are the two most powerful tools in the realm of trading. If a trader holds good understanding of his asset and profession, his chances of succeeding in his filed increases. The internet is full of such articles. Bitcoin is the right choice for making significant amounts of profit from trading because of high volatility. Before taking any step, predictions of experts should be taken into notice too.

I think it's impossible in trading that we don't lose money, we sometime lost money and sometimes earned money more than we loss, that's how pro traders play.
I think this is why warren buffet is not agree with cryptocurrency because his way to earn money is different with the traders. Anyway every people has their own way to earn money so we are not allowed to judge each other

There is a slight difference difference between “Never Losing money” and “ Gaining money” however not many investors understand this in entirety.

To understand the statement “Never Lose Money” you need to first understand the concept of “Margin Of Safety” & “asymmetrical risk”

Margin of Safety: The rule is you should invest in an asset such as your capital remains protect. You can invest in stocks, bonds etc however you need to enure that you capital remains intact. You are not to loose the capital at any given time. Cause if you lose your capital, you will have to work 10–100 times harded to get back to square one.
Suppose you buy a stock at Rs 400 and it tanks 50% and the new value of your stock is Rs 200. It will take 100% increase in stock price increase to get back to the original level. This is possible however less likely.

So margin of safety encourages you first find the intrinsic value of the stock and then invest in it when it below that intrinsic value.

Similarity if you invest in bonds you should not invest in bonds that give the most highest returns however you need to invest in the one which provided the best return/risk ratio.

Small investors normally make a huge mistake and they only look at the returns and not count the risks.

Asymmetrical Risks: If you invest in some asset where you expect a return of 100 rupees and also have risk of 100 rupees then you have a Symmetrical risk. This is risk as to earn an extra 100 rupees you have a probability of loosing 100. Asymmetrical risk are risks where there is a limit to your downside however you higher limit to your gains. So you need to bet on business where the max loss will be Rs 10 and the max gain will 50. This is asymmetrical risks.
So when warren buffet invests, he invest in such a way that he has asymmetrical risks where his loses are limited however have a massive upside. Also he ensures that he buys assets at depressed rates so that he never looses his capital.

This explains the axiom.

You might say that risk is part of investing esp stock investing however the kicker here is to ensure that you manage your risk appropriately so that you never lose your capital.

There are lots of things to learn before trading so start reading how to's because that's when you learn the technical terms they are saying. There are also youtube videos you can watch and then also sign up to binance, most of us are there. The one thing I learned the first after learning the price can fluctuate in minutes to hours is that how to determine before this will happen. Indicators are best to learn to predict where they would go.

Rule #1: Never lose money
Rule #2: Never forget rule number one
-Warren Buffett

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.

When I was a newbie and just starting my journey as a trader youtube videos are a big help for me to understand the basics about trading.

Well there are many tutorial, tips and strategy you can get on the web just do a research. Even here in the forum there are many informative posts that can help you to understand how to trade accordingly.

Welcome to the future!!!

I don't know if "successful" traders here are going to be comfortable spilling their "secret" if you know what I mean. There are tons of youtube's about crypto trading, but I would advise you to pick up some basics and then jump on it.

You might have a hard time in the beginning and may suffer losses, every did in the beginning of their career. But don't be dishearten, crypto trading is like a journey, and if you fall down, just get up and continue.

I advise you to get your hands dirty because that's the only way you can really learn, not from watching videos or reading online, you really need to experience and learn from mistakes so that you will be successful in your crypto trading journey, best of luck to you.

There are lots of things to learn before trading so start reading how to's because that's when you learn the technical terms they are saying. There are also youtube videos you can watch and then also sign up to binance, most of us are there. The one thing I learned the first after learning the price can fluctuate in minutes to hours is that how to determine before this will happen. Indicators are best to learn to predict where they would go.