How to read trading charts? | Bitcointalksearch.org

Irvinn

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Quote from: joshy23 on March 08, 2020, 07:26:34 AM

Quote from: desertfox470 on March 06, 2020, 04:16:53 PM

Reading charts is easy it's just ups and downs I think you should change your question to "How to analyze trading charts. Reading is easy it's just a matter of close, open, high, low but analyzing is all about theory, luck, experience and many more.

I think you should start with a simulation trade and learn how to trade and analyze the market before jumping on it,

Analyzing and anticipating the next market movements is tough to understand as you need to take time to observe and trace the correct path where
the price will be proceeding. The volatility is really making unusual movements and you have to build some good knowledge in order to make a proper positioning.

Of course, it is very difficult to conduct market analysis, especially if you do not have enough experience and knowledge. But for example, I begin to use scalping with minimal knowledge and little capital. At least I got a certain understanding of How to use the change of half-hour or 15 minute charts several times throughout the day. The main thing is to choose the right coin. Of course, my results are still small, but nevertheless I try to study what is happening and get profit from it.

joshy23

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Quote from: desertfox470 on March 06, 2020, 04:16:53 PM

Reading charts is easy it's just ups and downs I think you should change your question to "How to analyze trading charts. Reading is easy it's just a matter of close, open, high, low but analyzing is all about theory, luck, experience and many more.

I think you should start with a simulation trade and learn how to trade and analyze the market before jumping on it,

Analyzing and anticipating the next market movements is tough to understand as you need to take time to observe and trace the correct path where
the price will be proceeding. The volatility is really making unusual movements and you have to build some good knowledge in order to make a proper positioning.

Negotiation

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I think the best way to read trading charts is to look at trading views better And by analyzing the candlestick of the trading charts well you can better analyze the emerging names of the trades. You have been able to understand the trading charts and identify its patterns by watching different videos on YouTube.

Wafilian

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Hard work is the most important key to success.

Trading is not a chocolate that you just open it and eat. If you really want to learn a reading chart you will need to learn the first candlestick patterns,
price action, support resistance, supply demand, and trend analysis. There are many free YouTube videos for learning basic Lessons,
watch more videos and practice yourself. More practice make you a more perfect trader.

Kurokonobasuke

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Quote from: Bodykeepers on January 04, 2020, 10:48:03 PM

Have a nice day! I know that most of here are all traders if you don't mind can i ask a little questions here because i am curious about trading. How did you do that? How do you read charts because i am still exploring and i don't know how read a charts anybody can help me with this? What is the best way to learn reading charts in an easiest way.

Good question buddy. As a trader, i would like to shared my experienced on how I difficult for me to determined and read the trading charts. When I'm newbie in trading it is difficult for me to ready the charts, but the first thing I did is to watch at YouTube videos on how to read and predict the trading charts. And I think the knowledge that I gathered is not enough so that I also ask with my mentor to fully understand the trading charts, after that all my effort paid off now. But if you don't have any mentor that will teach you a trading chart you can read/visit this link https://www.tradingview.com/ it really suits for you, because it's detailed sites that may help you to fully know how to read trading chart. Good luck.

desertfox470

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Reading charts is easy it's just ups and downs I think you should change your question to "How to analyze trading charts. Reading is easy it's just a matter of close, open, high, low but analyzing is all about theory, luck, experience and many more.

I think you should start with a simulation trade and learn how to trade and analyze the market before jumping on it,

sana54210

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Quote from: wozzek23 on February 24, 2020, 03:08:13 PM

There are a lot of different types of charts are available and there are methods to recognize the patterns in those charts. I have developed the skill of recognizing patterns in charts by learning from books. If I remember correctly, last time I checked that lot of the videos are available on youtube to explain you how to learn the skill of recognizing patterns in trading charts. You may start from them.

I am familiar with candle stick pattern recognizing and line chart patterns too. It would be highly recommended to start with candle stick pattern recognizing as it would be easier to understand how markets is being recorded as a chart.

Yes, for those who are new to reading charts, I would definitely suggest youtube over books, of course how you can learn something IS affected by how you learn as well, some people learn better by writing, some by doing, some by reading, some by listening and so forth but the youtube video ones are a lot better because they literally SHOW you how it works and that is much better than trying to figure out how to do it yourself.

I can't offer you any examples because I used videos on my language but I am sure you can find plenty in English and probably some in your own language as well. Make sure you find multiple ones and compare them to each other as well since most of them are usually different from each other and you can find differences between them.

dioanna

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Quote from: hahay on March 04, 2020, 01:51:01 AM

The best way is to have a companion or friend who understands trading in making technical analysis, because with you have a companion you will be quicker to understand it because at least you will learn theory and practice faster. There are many articles and even various tutorials that you can get on the internet if you don't have a trader friend like that, and also when you keep watching the charts then at least slowly you will surely understand the best time to sell and buy, if you have a big desire to be successful, learning patiently is the way you can do it, because achieving success requires a long process.

How fortunate those who have friends who knows technical analysis and willing to teach their skills and strategies.
Sadly now a days there are no free access , normally people charge but it is not wrong sometimes you really need to invest to gain such knowledge

hahay

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The best way is to have a companion or friend who understands trading in making technical analysis, because with you have a companion you will be quicker to understand it because at least you will learn theory and practice faster. There are many articles and even various tutorials that you can get on the internet if you don't have a trader friend like that, and also when you keep watching the charts then at least slowly you will surely understand the best time to sell and buy, if you have a big desire to be successful, learning patiently is the way you can do it, because achieving success requires a long process.

Mumbeeptind1963

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Quote from: mauriek on February 28, 2020, 06:14:00 AM

Quote from: mbakruroh on February 26, 2020, 05:12:47 AM

Quote from: Bodykeepers on January 04, 2020, 10:48:03 PM

b]charts[/b]

Charts came from present and history data, to read it need knowledge. I suggest you to get teacher/ friend to help you because if depend read and watch video you will translate with your own language that's wrong. Reading chart is not easy, need professional to help you with it. It will not wasting time and money because you get from the expert, don't try read by your self.

Reading charts or technical analysis is a way to get profit in the world of trading, but learning technical analysis is not easy, You need several months or even years so that you can truly master the science of technical analysis. Yes right, it's better to find a teacher than to study on your own.

I suggest to watch some videos about it or ask some help to those really know or have knowledge about it. Also it easy for you how to read chart in trade if youre really willing to learn by giving yourself a chance to know everything through asking some help if there something you dont know.

mauriek

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Quote from: mbakruroh on February 26, 2020, 05:12:47 AM

Quote from: Bodykeepers on January 04, 2020, 10:48:03 PM

b]charts[/b]

Charts came from present and history data, to read it need knowledge. I suggest you to get teacher/ friend to help you because if depend read and watch video you will translate with your own language that's wrong. Reading chart is not easy, need professional to help you with it. It will not wasting time and money because you get from the expert, don't try read by your self.

Reading charts or technical analysis is a way to get profit in the world of trading, but learning technical analysis is not easy, You need several months or even years so that you can truly master the science of technical analysis. Yes right, it's better to find a teacher than to study on your own.

SquallLeonhart

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I would say youtube is definitely the best teacher, you may like it or you may hate it but seeing something with your own eyes and repeating the same task yourself is a great teacher. You can stop or rewind youtube videos as much as you want as well so all you have to do is start the video, do exactly what they are showing on the video, make sure you are doing it right, if you need time stop the video do what you need to do and start it back up, if you miss anything just rewind and watch it again.

When you have that option in your hands that means you can learn basically anything if you give enough time, of course it won't be in 10 minutes but you can literally learn anything from youtube if you give enough practice and time towards that thing and not just how to read charts, anything in life like guitar playing or whatever.

mbakruroh

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Quote from: Bodykeepers on January 04, 2020, 10:48:03 PM

b]charts[/b]

Charts came from present and history data, to read it need knowledge. I suggest you to get teacher/ friend to help you because if depend read and watch video you will translate with your own language that's wrong. Reading chart is not easy, need professional to help you with it. It will not wasting time and money because you get from the expert, don't try read by your self.

wozzek23

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Quote from: Bodykeepers on January 04, 2020, 10:48:03 PM

How do you read charts because i am still exploring and i don't know how read a charts anybody can help me with this? What is the best way to learn reading charts in an easiest way.

There are a lot of different types of charts are available and there are methods to recognize the patterns in those charts. I have developed the skill of recognizing patterns in charts by learning from books. If I remember correctly, last time I checked that lot of the videos are available on youtube to explain you how to learn the skill of recognizing patterns in trading charts. You may start from them.

I am familiar with candle stick pattern recognizing and line chart patterns too. It would be highly recommended to start with candle stick pattern recognizing as it would be easier to understand how markets is being recorded as a chart.

Kelvinid

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Ain't so hard to read charts either and I think that everyone could be able to read if they want too. But the question is, does it is very important to learn this in order to have a good trading journey? It probably not really important cause this trend today will always not be the same in the future. Coz if you rely on this, not for sure if it will works on you all the time. Because the most important thing in crypto trading is to have that kind of flexibility and could adopt the market quickly.

Lakshman15

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It is not so easy. But some sites offering good analysis how to predict price of crypto.

For getting good skills Regarding it need more focus and knowledge. Try crypto trading view sits it helps a lot.

nelson4lov

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@OP, while everyone has given their own piece of advice of resouces and materials you can use to learn how to read charts, I would like to say a thing or two about practicing everything you learn from these materials. With consistent practice, you will get better with the tools in your tool books and hopefully your trading profits will be consistent as well. Yet another important concept in trading aside from the ability to read charts and do technical analysis, you should be able to evaluate price action. You can learn about it too.

enhu

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You start learning just one indicator that is mostly used by traders like the RSI which will give you signs of when to sell and when to buy. Traders will have to use another indicator along side with RSI but its up to you which one you will be using. Some will use MACD. If you are using free tradingview you are limited to 3 indicators and so you must pick the right ones that you knew how to use.

TitanGEL

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Quote from: Omega Weapon on February 07, 2020, 09:21:21 PM

Quote from: Janation on January 24, 2020, 11:10:03 PM

I am not good with it, to be honest, but I can suggest you this site.

https://www.tradeciety.com/the-basics-of-chart-reading/

I asked my friend about the candles they are talking about in the past since I am so left out when they talk about the price charts in the past. At that time we usually hang out and they would have this conversation where they would talk about the movements at the chart and they have this name for that. They just laughed at me and suggested this site to read for a start. I have some photos of the patterns of the candlestick chart, the same as Renko charts and point and figure charts.

It is important to learn as much as we can about that subject, even if you do not want to be a trader and you are an investor you can still use the charts to know the overall direction of the market and know if you are going to obtain profits or if you are going to face some difficult months and you will need to prepare yourself mentally for that, so even if you are an investor you can easily see that you can get some important benefits from learning this subject.

Able to read chart is one of the most important skill in trading because you will never know the price without reading it. I'm self taught trader which means I do not have mentor, I just finding information all of the internet. Most of the charts are consist of candle stick to easily interpret the part. Reading candlestick will be tricky at first but you can able to understand over time. It have 4 parts which is the open,close, high and low. If we have skill to read charts then we can form decisions that will can benefit us.

fabiola!

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Quote from: Bodykeepers on January 04, 2020, 10:48:03 PM

Have a nice day! I know that most of here are all traders if you don't mind can i ask a little questions here because i am curious about trading. How did you do that? How do you read charts because i am still exploring and i don't know how read a charts anybody can help me with this? What is the best way to learn reading charts in an easiest way.

simple i learnt reading charts by practice , i read books and saw some course got some basic points and it took lot of practice to learn , as day pass you hardly can notice you would be reading charts

Topic: How to read trading charts? (Read 1607 times)