How to read trading charts? - page 7.

hulla

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Quote from: cryptosrsafe on January 05, 2020, 12:24:38 PM

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.

It's not just about time but experience. Someone who's experience can spot patterns very quickly and not get caught offguard.

IMO it takes 5-10 years of trading to master good chart reading skills.

That's correct. Experience count mostly in every crypto investment activities and despite the fact that i have been into crypto for years i still learn more every day, so learning crypto trading is something that will take years but what's very important is knowing the basic part of it, knowing the best time to enter/exit the market and how to avoid losses.
Meanwhile, the bitcoin halving season is always the best time to learn crypto trading because the market usually experienced surge in price.

cryptosrsafe

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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.

It's not just about time but experience. Someone who's experience can spot patterns very quickly and not get caught offguard.

IMO it takes 5-10 years of trading to master good chart reading skills.

Darooghe

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I've read a few books and studied technical Analysis or chart reading for a little while. Some people like to argue that it's useless and there's no way anybody can know where the price will go next. In my opinion, it's about psychology, and that's actually what the charts represent. Overall the charts themselves don't cause the price to move up and down, they simply show the bullish or bearish psychology of the market. Once you understand that psychology you can then start to understand things a bit more.

milewilda

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Quote from: cryptosrsafe on January 05, 2020, 12:24:38 PM

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.

It's not just about time but experience. Someone who's experience can spot patterns very quickly and not get caught offguard.

IMO it takes 5-10 years of trading to master good chart reading skills.

Everything should really be learnt and it does takes time depending on how fast you do absorbed and learn those things you meet along the way.
It isnt easy as it sounds though because learning technicals and fundamentals isnt really that easy. 5-10 is somewhat exaggerated though.

Heres some old video that do help me out,specially for beginners.
https://www.youtube.com/watch?v=T_mNnWB9O2c

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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.

Firstly, you need to understand that learning cryptocurrency is a gradual process and crypto is not a quick to rich scheme. With that been said, you need to watch some crypto trading course video on YouTube but i will also advise you to learn in first from the etoro trading academy.

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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.

I'm not expert, I still learn how to trading just like you, but at the first time I read the chart, I tried to understand what is support and resistance. This article can help you https://www.investopedia.com/trading/support-and-resistance-basics/
After you understand support and resistance, you can research more about chart pattern, there are plenty of chart pattern, match it with your trading strategy.
You can follow and learn the suggestions from friends here, there are many useful articles.

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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.

Well, it might be sorry cause most of us here are not traders but just only pretending to be a trader. Cause real trader don't quite easily but some of us here did, it exactly what it makes hards when you think that trading could be an easy job but it was in the big opposite in real scenario.

Learn to read trading charts is not that easy as it looks like and it takes time to learn. This is also an important tool to create our TA.
Try to read this one https://www.investors.com/how-to-invest/stock-chart-reading-for-beginners/

MI6

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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.

Keep practice maybe can really helpful. Because learn first about read chart but if we're not practice we can't see any condition of market that will happen. Sometimes my friend said to me that i must keep trading with analysis to make my read chart skill better, but i am person who can't do serious thing like that.

DevilSlayer

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If we want to read charts, then it is good if we will seek information about technical analysis. Technical analysis is important skills in order for us to understand the chart and able to read it. Candlestick is what we see in the chart, it is about the daily prices of a specific coin. At first it is really hard to understand it, but if you have passion in trading you will able to learn it.

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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.

By knowing the indicators because you cant read up charts if you dont even know on what are those lines do mean or even a candle pattern.
Heres some basic stuff;

https://www.babypips.com/learn/forex/chart-patterns-schmatterns
https://www.babypips.com/learn/forex/how-to-trade-chart-patterns

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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.

Better still you can start with the basic and elementary features of charting techniques by visiting babypips.com where you would find some vital information relating to charts in addition to youtube videos. More so learn some candlesticks patterns which would aid your trading journey though it might be tough initially however with time you would it would be very easy.

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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.

It's quite simple. The first thing is that you need to look at the large time frame then you will look at the charts with small time frame. Normally, you should look at the chart 1 week ago, then you can easily identify the trend of the coin you are wondering. After that, you will find good points to open order. 1D and 4H time frames are beautiful time frames for you to make open orders. Those are the most basic things that you should know when looking at a chart.

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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.

I think a couple of good youtube videos on chart reading and technical analysis would help. You probably should search this on youtube: "how to read crypto trading charts" or "tutorials on crypto chat reading" . And you could also watch few videos on technical analysis while you learn how to read chart.
I'd also recommend practicing on a crypto demo trading site while you learn how to trade from the videos.

Hallmader

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One vote for tradingview.com. Explore their user friendly site. They are offering more than crypto markets. They also have stocks and other markets. They even have a gauging meter indicating whether it is buying time or not.

But more than that, try to watch tutorial videos first about charting. Much better if you start knowing the different charting tools.

bassbity

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Actually I am also not good at trying to graph and see the real point prices, but I always use TradingViews for my learning, I can operate there according to my expectations and I am still learning about this chart, I know many experts in this chart but want to learn and know for yourself without from others.

Yaunfitda

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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.

I advise you to read this thread: Trading Cheat Sheet Collection.

As the title says, it's a cheat sheet, it's good for starters like you so that you will learn how to read those graphs and come up with your own trading strategy. Best of luck.

zeze18

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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.

Ofcourse it's not easy if your purpose is to read the chart and analyze where is the price point going to go. If just read it i think it's a basical statistic lessons. But if you want to learn analyze the chart and learn to make a price prediction then this is the best site for you to learn https://www.tradingview.com/

Bodykeepers

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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.

Topic: How to read trading charts? - page 7. (Read 1605 times)