How to learn cryptocurrency day trading! - page 9.

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: Honuandhonu on July 16, 2018, 09:15:14 PM

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.

Maybe you didn’t make proper research for it. There are lots of sites that you can find with the help of Google and they can teach you how to do day trading. But you can ask your friends that you know are into trading if they can teach you or help you find someone that you can learn from.

You can say that you searched Google and not see anything, that’s a lie, even a simple search on Google will bring lots of sites where you can learn much on trading, unless you didn’t type in the words correctly.

richcorner100

full member

Activity: 616

Merit: 100

https://exip.live/

In my opinion the first important thing to understanding in trading is how to minimize the risk. We should be make risk management first before put money in to trading. Risk management is needed to avoid big loss, some that risk management is use stop loss and trailling stop in every trade, and to do this we should be use exchange that offer stop limit function or trigger order, like Bitmex, Binance,Okex, Bittrex. For technical analysis , there are alot of explanation in youtube about it.

Wind_FURY

legendary

Activity: 2898

Merit: 1823

OP, I would advice you to hold only Bitcoin and keep buying the dip. Day trading will only cause you to lose your coins. Plus you should understand that Bitcoin is hard money that appreciates in value against fiat over the long term. What you should do is find a stable job, and find extra work, and save everything in Bitcoin.

kakonhat

member

Activity: 1106

Merit: 11

Crypto in my Blood

You must have good knowledge about trading before starting the trading. There is no way to practice the demo trading in Cryptocurrency so you should practice on another platform like Forex. You can get many brokers who offer you demo trading. Just google for forex trading and choose any broker and download their MetaTrader and start the demo trading. If you would like to get good knowledge for the trading you could go Babypips website and learn how to become a good trader. After that when you feel you have a good idea about trading then you could try in Cryptocurrency.

Andrey123

sr. member

Activity: 1778

Merit: 305

My friend, this experience comes with the years.
I spent 5 years to learn how to trade in the Forex market.
And I'll tell you a secret, 99% of the books are absolutely useless, and they wrote general trading principles on monthly and annual terms.

And trading during the day is very complicated, operating systems cost more than a hundred dollars, and they are practically not sold.

Who spends time writing all useless videos and daily recordings of signals and their thoughts, do not know how to trade at all Grin

itscomplicated

newbie

Activity: 84

Merit: 0

Start mastering Technical Analysis,
Using technical analysis in day trading is great
There are many tutorial videos in youtube, check them out

Lakai01

legendary

Activity: 2296

Merit: 2721

Enjoy 500% bonus + 70 FS

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 ...

Honuandhonu

newbie

Activity: 42

Merit: 0

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.

Topic: How to learn cryptocurrency day trading! - page 9. (Read 1845 times)