How to read trading charts? - page 3.

FanEagle

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Quote from: Shimmiry on January 15, 2020, 11:41:26 PM

Quote from: Questat on January 14, 2020, 08:05:53 AM

it is all started with the basics and moves to another step. No one will succeed instantly and the sad thing is that it all accompanied by difficulties, losses and as well as being hopeless. Knowing how to read charts and candlestick is another skill. Not probably a must but if we would like to see the improvement of our trading journey and become more profitable it is better to acquire this thing.

you were both right. Yet, candlesticks are tough thing to read if you were just a beginner. One way to be atleast a good thing to begin with is to study the market itself, your chosen market to trade, in whatever the currency you want. Read news and predictions, have patience to study how your chosen market works, together with some brief history. Then watch youtube for other analyzing tips.

Understanding the trend is also an important phenomenon before just learning analyzing the candle sticks. Candle sticks are usually something much basic and they could not really make you understand the charts much deeply. You have to learn some more strategies and pattern which would make it easier to understand the graphs.

Most easier one for me is the bollinger bands and RSI. Combining these both with the volume makes it easier for me to identify the trend and also the understand the patterns. You could initially learn these strategies to get yourself started with the trading patterns and charts. It would make you gain more interest and you would come to know about a lot new strategies and patterns after this. Try to analyze the patterns on tradingview for better and convenient way.

tbterryboy

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Quote from: Pamadar on January 16, 2020, 12:08:09 AM

Quote from: fabiola! on January 14, 2020, 05:45:45 AM

Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

only experience can help you to read charts practice daily do analysis on historical charts , that's how we will learn we need use what we know and try doing analysis , its not like overnight you will learn to read charts it took almost a year for me to read charts

It's a process that you needed to take deeper engagements. Reading charts just like what you have said it's not a overnight process as there are lots
of influenced coming from different aspects , keep practicing and as the more experienced you get, the more ready you can in reading charts and patterns.

Reading and understanding charts seemed impossible for me when I initially started at the phase but as soon as I got to learn majority of things, I found it easier for me to understand the graphs and patterns. It usually takes a hell lot of research, Immense knowledge and the will to denote majority of your time in learning at the initial phase.

There are some books which can make it easier for you to understand the charts and patterns but those books would have hundreds and thousands of pages which you have to go though. So it might never be an easy task, but if you have the guts to work harder, than no one can stop you from being a success ahead.

Driggers95

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Quote from: joeperry on January 16, 2020, 06:16:09 AM

Try studying candle stick first what's the meaning of the read ups and downs the color of the candle stick as well as the line (shadows) of the candle stick after that study the indicators and what's the use of this and how would it help you to analyze the market or the chart and after that try studying lines such as trend lines.

Well you can take a look at free courses online about trading you can also enroll to forex trading since both crypto and forex have the same concept on reading the charts you can take a look online for free courses or you can also enroll to some trading class.

Yes, we just need to go through google and search and read the Japanese candlestick chart, we can find the methods to read the chart of the market and altcoin very easily, we can even see the same instructions as you mentioned on the free courses, which lead us to become a trader in the forex market and in the crypto market. However, reading the chart is not a factor that can confirm a trend of altcoin, this chart only gives an overview of the situation and what is happening in the market, it does not tell us in the future.

Asmonist

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Just take note of the trend. The high and low of prices in a given time or period. The chart is just a monitoring or comparison to guide you. But make sure its a reliable chart. It is helpful to make charts as your reference for your decision and it gives you ideas to formulate your strategies when to buy or sell.

cryptoangel

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Quote from: Negotiation on January 16, 2020, 05:08:36 AM

Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

I think the best way to read the chart is to try to read the charts well first and learn different trading videos. You can read the charts on the basis of technical analysis and various protocols.

All the techniques are just guide the trading statistics, so If we see any videos we will never understand the complete techniques. We must invest small scale and active in all the day, because beginners must take patients and prepare the step by step investment. Trading charts are designed by experienced peoples, before we must understand how we pick the security platform.

joeperry

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Try studying candle stick first what's the meaning of the read ups and downs the color of the candle stick as well as the line (shadows) of the candle stick after that study the indicators and what's the use of this and how would it help you to analyze the market or the chart and after that try studying lines such as trend lines.

Well you can take a look at free courses online about trading you can also enroll to forex trading since both crypto and forex have the same concept on reading the charts you can take a look online for free courses or you can also enroll to some trading class.

Negotiation

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Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

I think the best way to read the chart is to try to read the charts well first and learn different trading videos. You can read the charts on the basis of technical analysis and various protocols.

Karmakid

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Quote from: djgtr on January 16, 2020, 04:22:48 AM

Quote from: ?? on ??

Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

If you're a total beginner then would advise you to visit one of on-line crypto educational programs, there are many. Crypto School or Newscrypto.io are good examples for starting points.

On my experience I never been guided by these websites that offers knowledge about trading, what I did was a warzone in which I learned from my own. With respect to trading charts I never valued to analyze it for further reference, because those days was having good times in trading. You're going to gain in just a minute, due to active market on different coins.

It is still a wise and safer choice to undergo learning through videos, articles or depending on a website to teach you about the basics of trading. Trading is a lot of fun and it comes with a lot of challenges and you should not underestimate it and just strictly go to the trading platform because the market will punish you hard. Learn to humble yourself and learn the basics first.

djgtr

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Quote from: ?? on ??

Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

If you're a total beginner then would advise you to visit one of on-line crypto educational programs, there are many. Crypto School or Newscrypto.io are good examples for starting points.

On my experience I never been guided by these websites that offers knowledge about trading, what I did was a warzone in which I learned from my own. With respect to trading charts I never valued to analyze it for further reference, because those days was having good times in trading. You're going to gain in just a minute, due to active market on different coins.

Pamadar

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Quote from: fabiola! on January 14, 2020, 05:45:45 AM

Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

only experience can help you to read charts practice daily do analysis on historical charts , that's how we will learn we need use what we know and try doing analysis , its not like overnight you will learn to read charts it took almost a year for me to read charts

It's a process that you needed to take deeper engagements. Reading charts just like what you have said it's not a overnight process as there are lots
of influenced coming from different aspects , keep practicing and as the more experienced you get, the more ready you can in reading charts and patterns.

Shimmiry

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Quote from: Questat on January 14, 2020, 08:05:53 AM

Quote from: Leviathan.007 on January 14, 2020, 07:56:09 AM

Well, If you are beginner with trading. I would recommend you do start with "money management" learning and then you can start with reading "candlestick patterns".
Also for the basics you can read "Technical Analysis of the Financial Markets book by John J. Murphy"
Wish you luck, but always remember to start with a demo account and don't burn your money for getting experienced.
You can do trades on demo accounts for 6 months at last and when you saw yourself getting good profits you can start by investing real money.

Yeah, it is all started with the basics and moves to another step. No one will succeed instantly and the sad thing is that it all accompanied by difficulties, losses and as well as being hopeless. Knowing how to read charts and candlestick is another skill. Not probably a must but if we would like to see the improvement of our trading journey and become more profitable it is better to acquire this thing.

you were both right. Yet, candlesticks are tough thing to read if you were just a beginner. One way to be atleast a good thing to begin with is to study the market itself, your chosen market to trade, in whatever the currency you want. Read news and predictions, have patience to study how your chosen market works, together with some brief history. Then watch youtube for other analyzing tips.

Omega Weapon

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Activity: 1092

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Quote from: sisule on January 09, 2020, 09:14:22 AM

Quote from: the rise on January 09, 2020, 08:11:56 AM

I really understand trading charts after taking paid online courses, before this I just reviewed a lot of patterns on various websites and YouTube, but my analysis is still very rough and even not fully understood. The most important thing is to use the available indicators to determine the customized order, the basics of the pattern learned will be understood indirectly when your order is already running.

Joining whit paid online courses is good ideas how to learn whit trading and we got many knowledge by joining in their group, but we have work hard for learning whit online courses because we start with beginner and there have many expert start whit higher level without giving basic how to start trading way, maybe some one will recommendation which one most trusted for online courses for bitcoin trading.

While I am not against the idea of paying for your education I really believe that those courses are overrated, you can learn the same information in a faster way by just reading a few books and you will learn a lot more from those books than what you could learn from those online courses, besides at the beginning of your trading career you are not going to have a lot of money to spare and it is always a better idea to try to find free resources than to pay for them.

sana54210

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Quote from: Questat on January 14, 2020, 08:05:53 AM

Quote from: Leviathan.007 on January 14, 2020, 07:56:09 AM

Well, If you are beginner with trading. I would recommend you do start with "money management" learning and then you can start with reading "candlestick patterns".
Also for the basics you can read "Technical Analysis of the Financial Markets book by John J. Murphy"
Wish you luck, but always remember to start with a demo account and don't burn your money for getting experienced.
You can do trades on demo accounts for 6 months at last and when you saw yourself getting good profits you can start by investing real money.

Yeah, it is all started with the basics and moves to another step. No one will succeed instantly and the sad thing is that it all accompanied by difficulties, losses and as well as being hopeless. Knowing how to read charts and candlestick is another skill. Not probably a must but if we would like to see the improvement of our trading journey and become more profitable it is better to acquire this thing.

This might not be a must but basically there are a lot of other things which are a must before you could start trading which even involves a lot of basic knowledge. There are some major aspects which might give you profits but if you are unaware about those then you cannot find yourselves in profits.

Reading books is always good to increase our knowledge and also there are a number of useful books which can give you a ample of knowledge about how to trade and which things to consider before starting your trade to avoid facing loss. These things might seem basic but those are what will make you have profits in the markets.

leowonderful

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There's a ton of different ways you can interpret charts based on a few fundamental things or the indicators you're primarily using to make decisions; a very popular way of reading charts is to identify support and resistance levels and where and when they might potentially be breached (or not), which is something I like to do as well because it's a relatively simple concept to start with and you can expand from this in several different ways.

Some people also get very in-depth into candlestick patterns, though I mainly pay attention to the few major ones like hammers and evening stars or morning stars that I can spot at a glance and not less obscure patterns.

TheGreatPython

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Quote from: Oceat on January 14, 2020, 09:18:31 AM

Quote from: 3la9l_kolbaCa on January 14, 2020, 06:36:05 AM

Quote from: Edraket31 on January 14, 2020, 06:21:29 AM

The advantage ways to learn has different steps to follow and it always matter specially if you're seeking mentorship from experienced earners from trading. On my personal analysis and other formulas in achieving successful trades, I don't try to do it all alone. There's always a discussion between me and my long time trader friend who I mingle every instance, because we're both at the same workplace. We find more time discussing on things that constitutes to actual exchange chart for the particular coins that we're going to buy and sell.

What if someone doesn't have a friend that could teach them how to trade and read charts. Where would they go? Well, the answer is in the internet, everything today can be found in the internet. Those tutorials you guys are talking can be found in the internet, reading charts, trading with different strategies, etc. We should be resourceful on our own if there's no one that we can count on.

Internet is our best friend and the things which even expert traders can't treat us can be learnt from the Internet. I myself, learnt each major aspect on the Internet itself and then started practicing it on my own to gain some experience. Trading and gaining experience made me learn some major aspects about the markets which even made me bear loss sometimes but I gained knowledge from the amount of loss I faced.

Internet is our best teacher. We could find a number of e-courses teaching trading and how to use strategies, oscillators, how to make our own technical analysis, etc which makes you one of the professional trader.

Oceat

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Quote from: 3la9l_kolbaCa on January 14, 2020, 06:36:05 AM

Quote from: Edraket31 on January 14, 2020, 06:21:29 AM

Quote from: fabiola! on January 14, 2020, 05:45:45 AM

Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

only experience can help you to read charts practice daily do analysis on historical charts , that's how we will learn we need use what we know and try doing analysis , its not like overnight you will learn to read charts it took almost a year for me to read charts

There's always a way if we really want to, and yes, there's a trading tutorials out there that we can use so there's no reason at all that we cannot learn trading unless we don't really want to do it, reading charts is important in trading but you cannot analyze well that easily in just short expand period of time, it needs a lot of experience before you will become familiarize with it.

The advantage ways to learn has different steps to follow and it always matter specially if you're seeking mentorship from experienced earners from trading. On my personal analysis and other formulas in achieving successful trades, I don't try to do it all alone. There's always a discussion between me and my long time trader friend who I mingle every instance, because we're both at the same workplace. We find more time discussing on things that constitutes to actual exchange chart for the particular coins that we're going to buy and sell.

What if someone doesn't have a friend that could teach them how to trade and read charts. Where would they go? Well, the answer is in the internet, everything today can be found in the internet. Those tutorials you guys are talking can be found in the internet, reading charts, trading with different strategies, etc. We should be resourceful on our own if there's no one that we can count on.

Questat

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Activity: 2982

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Quote from: Leviathan.007 on January 14, 2020, 07:56:09 AM

Well, If you are beginner with trading. I would recommend you do start with "money management" learning and then you can start with reading "candlestick patterns".
Also for the basics you can read "Technical Analysis of the Financial Markets book by John J. Murphy"
Wish you luck, but always remember to start with a demo account and don't burn your money for getting experienced.
You can do trades on demo accounts for 6 months at last and when you saw yourself getting good profits you can start by investing real money.

Yeah, it is all started with the basics and moves to another step. No one will succeed instantly and the sad thing is that it all accompanied by difficulties, losses and as well as being hopeless. Knowing how to read charts and candlestick is another skill. Not probably a must but if we would like to see the improvement of our trading journey and become more profitable it is better to acquire this thing.

Leviathan.007

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Leading Crypto Sports Betting & Casino Platform

Well, If you are beginner with trading. I would recommend you do start with "money management" learning and then you can start with reading "candlestick patterns".
Also for the basics you can read "Technical Analysis of the Financial Markets book by John J. Murphy"
Wish you luck, but always remember to start with a demo account and don't burn your money for getting experienced.
You can do trades on demo accounts for 6 months at last and when you saw yourself getting good profits you can start by investing real money.

3la9l_kolbaCa

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Quote from: Edraket31 on January 14, 2020, 06:21:29 AM

Quote from: fabiola! on January 14, 2020, 05:45:45 AM

Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

only experience can help you to read charts practice daily do analysis on historical charts , that's how we will learn we need use what we know and try doing analysis , its not like overnight you will learn to read charts it took almost a year for me to read charts

There's always a way if we really want to, and yes, there's a trading tutorials out there that we can use so there's no reason at all that we cannot learn trading unless we don't really want to do it, reading charts is important in trading but you cannot analyze well that easily in just short expand period of time, it needs a lot of experience before you will become familiarize with it.

The advantage ways to learn has different steps to follow and it always matter specially if you're seeking mentorship from experienced earners from trading. On my personal analysis and other formulas in achieving successful trades, I don't try to do it all alone. There's always a discussion between me and my long time trader friend who I mingle every instance, because we're both at the same workplace. We find more time discussing on things that constitutes to actual exchange chart for the particular coins that we're going to buy and sell.

Edraket31

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Quote from: fabiola! on January 14, 2020, 05:45:45 AM

Quote from: Bodykeepers on January 04, 2020, 09:48:03 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.

only experience can help you to read charts practice daily do analysis on historical charts , that's how we will learn we need use what we know and try doing analysis , its not like overnight you will learn to read charts it took almost a year for me to read charts

There's always a way if we really want to, and yes, there's a trading tutorials out there that we can use so there's no reason at all that we cannot learn trading unless we don't really want to do it, reading charts is important in trading but you cannot analyze well that easily in just short expand period of time, it needs a lot of experience before you will become familiarize with it.

Topic: How to read trading charts? - page 3. (Read 1607 times)