Topic: How to reach that next level of crypto knowledge all beginners have to face. (Read 166 times)
April 12, 2021, 04:05:26 PM
We'll were once beginners in this journey and here are some few words for your start:- There are not much in trade sincerely except if you are such that can't control emotions. Basic studies of trade is the most important as a beginner, there are resources on the internet that can help your knowledge and as time goes on perfection will set in. Basics like candle sticks, types of crosses and other more basic TA, this will help your mindset grow more faster as a beginner. As for a start $50 should be set aside as your capital to start trading, though this should be according to your ability and capacity.
April 12, 2021, 03:33:27 PM
My only advice is to read more and explore the vast cryptospace, do not be locked inside the bitcoin box, there are other cryptocurrency out there that is successful and not getting you hands on them is not really a good idea since you are missing out on profit.
Yes to make choices in altccoins is another cool way for profit, the bull run has made the market in green and hodler who have altccoins that they feel were shits but they have appreciated tremendously.
April 12, 2021, 12:22:26 PM
I have to say that we are in a situation where it is not going to be that easy to actually learn it that quickly. Obviously it is doable, there are soooo many people who have learned to look at that and know what it means, most of the time it doesn't mean anything anyway, people are stretching the possibilities to make it look like something but it looks like something serious maybe once a week, that's like maybe 15 minutes spent, you just need to know the right 15 minutes so people spend 40 hours to not miss that 15 minutes that will matter, idiotic work load but when it works it works great.
Secondly you can go to any youtube video and learn, why? Because you can't stop with one, so if you learn from 5 different beginner places that means you will end up with at least one good one, and if there is something one misses, the other will cover that and you will have a comprehensive study.
Secondly you can go to any youtube video and learn, why? Because you can't stop with one, so if you learn from 5 different beginner places that means you will end up with at least one good one, and if there is something one misses, the other will cover that and you will have a comprehensive study.
April 12, 2021, 03:39:07 AM
you can actually program your account on there to automatically sell all of your crypto and/or trade it all for another crypto if the value reaches a certain level, that way I won't have to watch the market like a hawk 24/7.
Yeah, you reached your next level in trading; When you find yourself spending more time must be an enough indication for leaping to next level. So, you need some bot to buy/sell on behalf of you?There are 2 things you must need to consider:
Who is going to decide that which coin to be bought next?
At what price level?
If you yourself decide these then you can go for setting stop-loss orders to but LTC (for example) at some specific price level.
But, if you want to automate both the coin and price levels then you must need to go buying third party bots which will trade on behalf of you and the success rate in my personal experience is less than 50%. So, decide yourself and set up things based on your due diligence.
April 12, 2021, 03:00:17 AM
Ah yes, you're pointing out those candlesticks.
It is kind of overwhelming at the beginning, but don't worry.
If I would advise, you should watch some youtube videos because you will learn how each indicators are being used as well.
Not sure if there are Coinbase Pro-specific tutorials as I had learned mine in Binance through Youtube vids as well.
Don't pay for online courses just yet if they offer you one. You are still beginner remember and you are still in the phase of knowing whether trading would be the best field for you here in crypto, probably.
It is kind of overwhelming at the beginning, but don't worry.
If I would advise, you should watch some youtube videos because you will learn how each indicators are being used as well.
Not sure if there are Coinbase Pro-specific tutorials as I had learned mine in Binance through Youtube vids as well.
Don't pay for online courses just yet if they offer you one. You are still beginner remember and you are still in the phase of knowing whether trading would be the best field for you here in crypto, probably.
April 12, 2021, 02:55:14 AM
What online class should I take so that I can comprehend what I'm looking at when viewing this webpage? As of right now, it's all greek to me. I understand the graphs just fine on coinbase, but coinbase pro is useless to me because I don't understand any of it.
Not sure, what exactly you want to learn? How to read a price chart, orderbook and past trades list?
Maybe you can start with this beginner video on candle stick charts from Trading Channel: https://www.youtube.com/watch?v=jmoOrgTP5XQ
For how to read the order book: https://www.youtube.com/watch?v=rqt1hLrLzrA
Hope that helps.
April 12, 2021, 02:11:25 AM
My only advice is to read more and explore the vast cryptospace, do not be locked inside the bitcoin box, there are other cryptocurrency out there that is successful and not getting you hands on them is not really a good idea since you are missing out on profit.
April 11, 2021, 12:18:26 PM
Experience would be the key and the rest will be discovered along the way.If you do see some indicators which you arent familiar then Google is just a few clicks away.
You wont be needing any online class or something because the things you do need to learn can already be found online and its up to you on how you do make out those research
and learning up those theories and the rest will be varying on actual experience.
It is really confusing at first since you dont know on how to handle up the platform but once you do take the grasp then it wouldnt be a problem at all.
You wont be needing any online class or something because the things you do need to learn can already be found online and its up to you on how you do make out those research
and learning up those theories and the rest will be varying on actual experience.
It is really confusing at first since you dont know on how to handle up the platform but once you do take the grasp then it wouldnt be a problem at all.
Yaps, almost everything you are looking for can be found through google, about how to run your trade in the future, you can search for references via google. However, don't take what you get when you start learning it for nothing. Combine it with what you have gotten so far, namely your experience in trading so far, you can add to your method or your strategy by combining what you just got (learned). Because innovation is necessary, do not stop to continue learning new things in trade, not only trade, but in almost everything you will find new things around, it is just how you use it.
Continuing to improve skills is necessary, because the more technology-based times are evolving, the more sophisticated the methods are used to benefit from what we do. Don't just stick to your one goal, but develop the goals you want to achieve. I think so, you don't really need to take online classes, everything is provided if you are really serious about learning it. Even from Google you can access it for free, you can get a variety of knowledge about trading without having to pay. However, if you want to take online classes I think that's also a good choice. Depends on the convenience of your own study
April 11, 2021, 11:59:10 AM
As a beginner, I was exploring coinbase pro, and I noticed that when I look at the LTC market for example, when I click on the coinbase pro button to look at that market, or any market, my web browser fills my screen with a candle graph and a tone of other information.
My goal is to be able to look at that webpage and be able understand/navigate the whole thing. But there has to be a class on it. And so far I've found online beginners classes spread around the internet and as I'm exploring which one to take I'm making this post to ask you guys:
What online class should I take so that I can comprehend what I'm looking at when viewing this webpage? As of right now, it's all greek to me. I understand the graphs just fine on coinbase, but coinbase pro is useless to me because I don't understand any of it.
Here's the webpage I'm talking about: https://pro.coinbase.com/trade/LTC-USD
Also, I consider this part of the question, but I've heard mentions in forums/google that in these more complicated types of exchanges that you can actually program your account on there to automatically sell all of your crypto and/or trade it all for another crypto if the value reaches a certain level, that way I won't have to watch the market like a hawk 24/7. How does one learn how to do that?
It's actually crypto trading that you are deciding to enter into. Candlestick reading & Technical Analysis is just like any other profession you need to study it, learn it, practice it to get good at it, and obviously, it takes time. Moreover just because it has helped some people make money it's not necessary that you'll make money. Ideally, only 3-4% of traders actually make money in the market rest just more or less lose or don't gain anything substantial. I would suggest you to pick any good beginner course on Udemy about technical analysis. I remember I took Technical Analysis MasterClass Course it was from an Indian Teacher. You can choose any other based on reviews and explore whether you like this profession or not. If you feel you are made for it and can do good in it I recommend you buy an expert level course immediately and start reading trading books and start paper trading too. But if you think you are not made for markets, it's better to either just HODL or stay away altogether. My goal is to be able to look at that webpage and be able understand/navigate the whole thing. But there has to be a class on it. And so far I've found online beginners classes spread around the internet and as I'm exploring which one to take I'm making this post to ask you guys:
What online class should I take so that I can comprehend what I'm looking at when viewing this webpage? As of right now, it's all greek to me. I understand the graphs just fine on coinbase, but coinbase pro is useless to me because I don't understand any of it.
Here's the webpage I'm talking about: https://pro.coinbase.com/trade/LTC-USD
Also, I consider this part of the question, but I've heard mentions in forums/google that in these more complicated types of exchanges that you can actually program your account on there to automatically sell all of your crypto and/or trade it all for another crypto if the value reaches a certain level, that way I won't have to watch the market like a hawk 24/7. How does one learn how to do that?
April 11, 2021, 11:24:42 AM
What online class should I take so that I can comprehend what I'm looking at when viewing this webpage? As of right now, it's all greek to me. I understand the graphs just fine on coinbase, but coinbase pro is useless to me because I don't understand any of it.
I don't find any but I think that belongs to this crypto trading course.https://www.udemy.com/course/technical-analysis-for-cryptocurrency-trading/
This what you might learn that relevant to your question.
- How to Use Levels, Trend Lines, and Channels to Set Up Your Charts
- How to Use Volume With Support & Resistance to Identify Trend Strength
- How to Read Candlestick Charts Effectively to Determine Market Trends
- How to Trade Chart Patterns With Technical Indicators
Alternatively, there are too many books and Youtube video tutorials that you can learn with. Just use sometimes Google search and it will help to find your queries. It might you will realize online classes and so your own research is almost the same as spending a dollar in your online class. Good luck with your trading.
April 11, 2021, 11:03:17 AM
as far as what you do to gain knowledge of crypto trading will be very useful. seek knowledge from wherever you like and understand most. both online classes, from books, articles and the like while providing knowledge, in my opinion, continue. gradually you will understand and find out by yourself. and don't forget to learn crypto trading and practice with your funds the best you can.
April 11, 2021, 10:41:08 AM
all you have to do is learn the most basic basics of trading, don't rush and decide to take online classes, you can find them easily and for free. You need early learning to cultivate strategies so that your navigation in trading does not become an obstacle in the future. because the most important point is that you understand the whole in trading. use your mind and avoid the ambition of making quick profits, trade for the long term, so don't stop halfway through learning crypto trading.
Everyone is starting as a newbie here first no one is completely knowledgeable when they first arrive in this forum. OP still need more time to read and research and practice to train their minds how to plan their next move in this very volatile market. Maybe taking classes is necessary but it's not that simple to learn though.First find some tutorial on what you wanna do since most of it is free in the internet. Learning will take some time so I suggest to invest more time in reading and researching because it is worth it at the end of the day.
April 11, 2021, 09:40:32 AM
all you have to do is learn the most basic basics of trading, don't rush and decide to take online classes, you can find them easily and for free. You need early learning to cultivate strategies so that your navigation in trading does not become an obstacle in the future. because the most important point is that you understand the whole in trading. use your mind and avoid the ambition of making quick profits, trade for the long term, so don't stop halfway through learning crypto trading.
April 11, 2021, 09:12:45 AM
Experience would be the key and the rest will be discovered along the way.If you do see some indicators which you arent familiar then Google is just a few clicks away.
You wont be needing any online class or something because the things you do need to learn can already be found online and its up to you on how you do make out those research
and learning up those theories and the rest will be varying on actual experience.
It is really confusing at first since you dont know on how to handle up the platform but once you do take the grasp then it wouldnt be a problem at all.
Experience can be gained if you just do a trade, I mean they can tell you everything there is to do but if you never get in there and get your hands dirty, I think that everything that you will learn will be useless. Some online class can really help but I do agree that you don't have to go on one especially if that class is a paid one.You wont be needing any online class or something because the things you do need to learn can already be found online and its up to you on how you do make out those research
and learning up those theories and the rest will be varying on actual experience.
It is really confusing at first since you dont know on how to handle up the platform but once you do take the grasp then it wouldnt be a problem at all.
April 11, 2021, 06:13:13 AM
Experience would be the key and the rest will be discovered along the way.If you do see some indicators which you arent familiar then Google is just a few clicks away.
You wont be needing any online class or something because the things you do need to learn can already be found online and its up to you on how you do make out those research
and learning up those theories and the rest will be varying on actual experience.
It is really confusing at first since you dont know on how to handle up the platform but once you do take the grasp then it wouldnt be a problem at all.
Experience can be gained if you just do a trade, I mean they can tell you everything there is to do but if you never get in there and get your hands dirty, I think that everything that you will learn will be useless. Some online class can really help but I do agree that you don't have to go on one especially if that class is a paid one. You wont be needing any online class or something because the things you do need to learn can already be found online and its up to you on how you do make out those research
and learning up those theories and the rest will be varying on actual experience.
It is really confusing at first since you dont know on how to handle up the platform but once you do take the grasp then it wouldnt be a problem at all.
April 11, 2021, 01:42:07 AM
As a beginner, I was exploring coinbase pro, and I noticed that when I look at the LTC market for example, when I click on the coinbase pro button to look at that market, or any market, my web browser fills my screen with a candle graph and a tone of other information.
My goal is to be able to look at that webpage and be able understand/navigate the whole thing. But there has to be a class on it. And so far I've found online beginners classes spread around the internet and as I'm exploring which one to take I'm making this post to ask you guys:
You don't really need to undergo classes or whatnot to understand the charts/candles that the website shows, it's more on the technical side of things and you can easily look up what they mean. Naturally, having someone teach you is the most efficient, but learning by yourself shouldn't have that much of a difference between someone teaching you. Now if it was trading strategies, then that would be a different story. Learning is a gradual process, so even with someone teaching you, it'd take some time so take it slowly. My goal is to be able to look at that webpage and be able understand/navigate the whole thing. But there has to be a class on it. And so far I've found online beginners classes spread around the internet and as I'm exploring which one to take I'm making this post to ask you guys:
Also, I consider this part of the question, but I've heard mentions in forums/google that in these more complicated types of exchanges that you can actually program your account on there to automatically sell all of your crypto and/or trade it all for another crypto if the value reaches a certain level, that way I won't have to watch the market like a hawk 24/7. How does one learn how to do that?
I think this is just spot/limit orders? It automatically buys/sells your coins at whatever price you set once someone placed an order that fits the price you set. That's the most simple one though, and afaik bots can do much more complicated stuff (which I'm not aware of), so if you want to try, check out the spot/limit order I said and if it doesn't fit your taste, look for bots. legendary
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April 11, 2021, 12:18:24 AM
You just have to make up your mind to search and learn from videos and write up on the web, they're numerous of them that can be very helpful but for the main time you can sick to what you understand while you set out time to learn that which is giving you some trouble.
it's quite important you learn how to interpret the charts as they hiw the answers 99% of the time to how a trade will play out based on their previous performance provided the market sentiment doesn't change.
Keep using coinbase since you're ok with what the charts (graph) display there but do you really understand the graph or they're just a little less complicated than that of coinbase pro? Don't interpreting a chart from your own understanding when you don't have the background knowledge of reading graph (charts) as you'll end up interpreting a wrong potential move if the market and put your capital at risk of getting lost.
it's quite important you learn how to interpret the charts as they hiw the answers 99% of the time to how a trade will play out based on their previous performance provided the market sentiment doesn't change.
Keep using coinbase since you're ok with what the charts (graph) display there but do you really understand the graph or they're just a little less complicated than that of coinbase pro? Don't interpreting a chart from your own understanding when you don't have the background knowledge of reading graph (charts) as you'll end up interpreting a wrong potential move if the market and put your capital at risk of getting lost.
April 10, 2021, 11:57:05 PM
my web browser fills my screen with a candle graph and a tone of other information.
You need to understand basics for trading: candles, supports, resistances, basic patterns.Quote
My goal is to be able to look at that webpage and be able understand/navigate the whole thing. But there has to be a class on it. And so far I've found online beginners classes spread around the internet
You can get many free resources to use. Personally, I think they are enough but you will need your own experience from your pratice.- Practice will cause losses for you. Don't feel sad but it is the fact
- Split your capital to 10 parts. Use each part for each time of your practice. Ten losses can help you learn more than only one loss with same total capital
April 10, 2021, 04:59:21 PM
Experience would be the key and the rest will be discovered along the way.If you do see some indicators which you arent familiar then Google is just a few clicks away.
You wont be needing any online class or something because the things you do need to learn can already be found online and its up to you on how you do make out those research
and learning up those theories and the rest will be varying on actual experience.
It is really confusing at first since you dont know on how to handle up the platform but once you do take the grasp then it wouldnt be a problem at all.
You wont be needing any online class or something because the things you do need to learn can already be found online and its up to you on how you do make out those research
and learning up those theories and the rest will be varying on actual experience.
It is really confusing at first since you dont know on how to handle up the platform but once you do take the grasp then it wouldnt be a problem at all.
April 10, 2021, 04:34:38 PM
Also, I consider this part of the question, but I've heard mentions in forums/google that in these more complicated types of exchanges that you can actually program your account on there to automatically sell all of your crypto and/or trade it all for another crypto if the value reaches a certain level, that way I won't have to watch the market like a hawk 24/7. How does one learn how to do that?
That's a bot, you need to purchase that.What online class should I take so that I can comprehend what I'm looking at when viewing this webpage? As of right now, it's all greek to me. I understand the graphs just fine on coinbase, but coinbase pro is useless to me because I don't understand any of it.
Here's the webpage I'm talking about: https://pro.coinbase.com/trade/LTC-USD
You don't need any online class just for you to be familiarize with that webpage. Just keep using and navigating it and soon you'll get to understand everything on that webpage. Everybody starts from zero knowledge to the basics and then to becoming good at navigating to every webpage of trading platforms, just keep doing it. Here's the webpage I'm talking about: https://pro.coinbase.com/trade/LTC-USD
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