Topic: How to learn cryptocurrency day trading! - page 7. (Read 1845 times)
You can get training from good traders. I went through training, which costs $ 2,500 and started trading on the exchange with minimal losses. If you are interested in the detailed information, you can write me in private messages and I will send you a link to the site of the foundation through which I was trained.
If you want to become a trader, I recommend long-term trading, including Bitcoin or Altcoin. Day Trading is a very big risk for you to bankrupt. If you have not found the easiest trading place, I think you should try Youtube, there are many videos with clear examples for you to learn trading.
Hello everyone.
I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
I think the best thing you need to do is to ask for an assistance in personal so that we can learn efficiently. There are some situation that we cant depend upon the books we read but we are seeking for an assistance so that we can learn easily.I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
Hello everyone.
I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
I think the best thing you need to do is to ask for an assistance in personal so that we can learn efficiently. There are some situation that we cant depend upon the books we read but we are seeking for an assistance so that we can learn easily. I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
Hello everyone.
I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
Well, it's quite difficult, because it's all your time. You will need to be constantly on the stock exchange and have strong nerves, because this is not a lesson for the weak. Practice several hours a day and you will know if you want to do this. I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
There are so many ways of learning Cryptocurrency. Don't be as haste to trade yet. Go online and read PDFs. Watch videos of Cryptocurrency on YouTube.
cryptocurrencies differ from stocks and Forex of being more reliable on news mostly fake ones and very vulnerable to whales manipulation , so you should learn first fundamental analysis before diving into technical analysis .
Day trading also carries a lot of risk as you will make many trades day and with market volatility nature , you gonna hit you stop-loss quickly . so i'd recommend reading some books on trading in general then a book on day trading in particular ,finally try on demo account for Forex or anything and once you get comfortable with trading , start working on coins.
p.s: stay away from YouTube as most gurus there are FAKE .
Day trading also carries a lot of risk as you will make many trades day and with market volatility nature , you gonna hit you stop-loss quickly . so i'd recommend reading some books on trading in general then a book on day trading in particular ,finally try on demo account for Forex or anything and once you get comfortable with trading , start working on coins.
p.s: stay away from YouTube as most gurus there are FAKE .
it would be very helpful if you have inside information regarding the coin/token project you are interested in. always do research about it, join their telegram, discord, forum and other social media to get the latest info.
You should have knowledge about good trading skills trading is risky some times but you have to be patience and be careful in what you are investing and how to deal with any of transactions.
Try to invest at the very low price with btc or altcoins and check if it is rising, when it rise you are already earning. Your earnings varies from your capital and from the price of your coin. You will lesrn more from trying hard on how to trade but do not get panic when the price goes down.
Thank you for the advice and I'm trying to do the similar thing which you guys have suggested, sometimes I win some and sometimes lose but I'm not gonna leave, I'll learn more and more each day to commit less mistakes next time.
Most times, when you want to day trade, you don't just learn it through reading of books or watching might not really help that much until you put it into practice. So through practicing, you will be able to learn more and know the tactics to use when needed. Though, reading tutorial and watching videos can also help, at least, it can help put you through as a beginners.
Try to invest at the very low price with btc or altcoins and check if it is rising, when it rise you are already earning. Your earnings varies from your capital and from the price of your coin. You will lesrn more from trying hard on how to trade but do not get panic when the price goes down.
Read the book "Technical Analysis for Beginners". In my opinion, everything is described in simple words and it is very easy to understand how to correctly trade in the market.
Day trading needs experience about the crypto market. You must be updated yourself every day about the crypto market. You need to check all new news, new partnership, any tour or any kind of new news about coins to make good with day trading. You must have good knowledge about the crypto price chart too. Day trading is not too easy, that's why you have to spend much time behind it to gain make it success.
The fact is that daily trade has certain advantages, but it is very difficult. In any case, daily trade is much more profitable than investments, because you can achieve a very good income from your coins. But all the free time will have to spend on monitoring and analysis of the crypto-currency market. I think day trading is not something that can be learnt because in a day the price fluctuations are not based on something logical, it can be pumped and dumped easily.
I think this pump and dump only happens for few reasons that are,
Lack of regulations.
Low liquidity in the market.
Let me know what you think about it.
Day trading needs experience about the crypto market. You must be updated yourself every day about the crypto market. You need to check all new news, new partnership, any tour or any kind of new news about coins to make good with day trading. You must have good knowledge about the crypto price chart too. Day trading is not too easy, that's why you have to spend much time behind it to gain make it success.
I would recommend you to follow @philakonecrypto at Twitter. He published a lot of tutorials about trading basics, all of them for free.
In general: Daytrading is a beast, as a newbie you will lose a lot of money in the beginning ...
In general: Daytrading is a beast, as a newbie you will lose a lot of money in the beginning ...
Followed him on twitter and been watching his tutorials and I've to admit those are quite helpful, thanks for sharing the information.
experience is the best teacher. you have to trade while studying, you also have to read a lot of news about the coin that you're trading, so you can predict when to sell and buy back.
Now many financial traders publish their books with a variety of trading strategies and tips. Try to read the book of Larry Williams. She helped me a lot.
Thanks I'll surely have a look, I'm right now a bit busy with my works, as I get the chance I'll again start to learn about the trading 😁
First of all I would like to suggest you that if you are a newbie in crypto industry don’t start trading. In trading, I think experiences teach you a lot. No matter how many books, articles or videos you study, but at the end it all depends on how you use such knowledge to win in trading market. It is a brain game, I can say. You should familiarize yourself with the technical analysis and charts and keep a constant eye on market trends and news.
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