How to systematically learn to trade crypto from being a newbie?

Taskford

hero member

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Quote from: conex on November 25, 2019, 02:41:50 AM

Quote from: nakamura12 on November 25, 2019, 02:33:18 AM

Quote from: Magkirap on November 23, 2019, 09:45:25 PM

In my existence here in this world the best way for me to learn anything i have completely no idea about is through using the internet, videos to be exact because yes books can also be very useful but let us face the fact that a lot of us wants to watch rather than to read and after you have learned the fundamentals of trading you can do paper trade or trading simulator so that you can get familiarize of the market and your techniques and then after that you'll get enough experience to enter real trading.

To be exact, not only videos will able to help you on what we should learn first about trading. Inforgraphics is another way on making it easier for us to learn to trade. It is also important to know terminologies and know exactly what it means. I'm sure you know about infographics and how it helps many users understand easily even if it's not a video that you can play.

Agree with both. What do yout think, are there more people which would like to earn cryptp through reading lessons or watching videos online?

Actually right we cannot rely only on videos but if this is the only resources can avail with since he don't have money to stay on trading class then maybe this is a good option there are video trainings has been posted on youtube and certain techniques and other fundamentals can be trade with and also there are site who offer a test money to trade on and by there you can try your skills acquired if it's working for you or not.

boris singer

sr. member

Activity: 882

Merit: 268

To be honest, a quick way to learn crypto trading is to measure the emotion of loss in trading directly, only need to learn a brief theory and the rest try to trade directly.

I mean by this loss, we tend to understand what needs to be done, and look for the cause by googling directly from the condition that is being experienced. Emotions that arise will trigger mastery indirectly.

The unattractive thing is that we spend capital without getting profit first because experience is sometimes expensive.

conex

member

Activity: 318

Merit: 10

crypto enthusiast

Quote from: acdc on November 21, 2019, 05:38:27 AM

There is a lot of knowledge on the internet, be it facebook, youtube, and here. You can learn a lot from experienced people, but the most important thing is that you need to synthesize and draw experience for yourself. All the successful traders I know have learned from their mistakes. And the important thing to remember is that not everyone can become a trader in the cryptocurrency market, if you are not able to become the best trader, you should never try.

Getting our hands dirty is key in my opinion. Trading simulators do the job but when there's real money to be played with, everything changes..especially emotion. Which are the best simulators? Altcoin Fantasy?

conex

member

Activity: 318

Merit: 10

crypto enthusiast

Quote from: nakamura12 on November 25, 2019, 02:33:18 AM

Quote from: Magkirap on November 23, 2019, 09:45:25 PM

In my existence here in this world the best way for me to learn anything i have completely no idea about is through using the internet, videos to be exact because yes books can also be very useful but let us face the fact that a lot of us wants to watch rather than to read and after you have learned the fundamentals of trading you can do paper trade or trading simulator so that you can get familiarize of the market and your techniques and then after that you'll get enough experience to enter real trading.

To be exact, not only videos will able to help you on what we should learn first about trading. Inforgraphics is another way on making it easier for us to learn to trade. It is also important to know terminologies and know exactly what it means. I'm sure you know about infographics and how it helps many users understand easily even if it's not a video that you can play.

Agree with both. What do yout think, are there more people which would like to earn cryptp through reading lessons or watching videos online?

nakamura12

hero member

Activity: 2268

Merit: 669

Bitcoin Casino Est. 2013

Quote from: Magkirap on November 23, 2019, 09:45:25 PM

In my existence here in this world the best way for me to learn anything i have completely no idea about is through using the internet, videos to be exact because yes books can also be very useful but let us face the fact that a lot of us wants to watch rather than to read and after you have learned the fundamentals of trading you can do paper trade or trading simulator so that you can get familiarize of the market and your techniques and then after that you'll get enough experience to enter real trading.

To be exact, not only videos will able to help you on what we should learn first about trading. Inforgraphics is another way on making it easier for us to learn to trade. It is also important to know terminologies and know exactly what it means. I'm sure you know about infographics and how it helps many users understand easily even if it's not a video that you can play.

Magkirap

sr. member

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★Bitvest.io★ Play Plinko or Invest!

In my existence here in this world the best way for me to learn anything i have completely no idea about is through using the internet, videos to be exact because yes books can also be very useful but let us face the fact that a lot of us wants to watch rather than to read and after you have learned the fundamentals of trading you can do paper trade or trading simulator so that you can get familiarize of the market and your techniques and then after that you'll get enough experience to enter real trading.

nutella_11

jr. member

Activity: 175

Merit: 1

Experience is a matter of time so be patient and learn from your mistakes. That's the main rule for beginners imo. Moreover, you can find many professional forums or blogs on the internet so use this. Another thing is to have a user-friendly exchange which helps you to become good in trading. I mean something like CoinDeal where you've got features like Galaxy Score which could help you to decide when is the best time to buy/sell and which coin.

acdc

sr. member

Activity: 939

Merit: 256

There is a lot of knowledge on the internet, be it facebook, youtube, and here. You can learn a lot from experienced people, but the most important thing is that you need to synthesize and draw experience for yourself. All the successful traders I know have learned from their mistakes. And the important thing to remember is that not everyone can become a trader in the cryptocurrency market, if you are not able to become the best trader, you should never try.

Larry21fer

newbie

Activity: 1

Merit: 0

other than reading you can try to paper trade, try simulating a real trade with real data (btc usd exchange rate as example) until you feel confident to move on to real trading.

Theb

hero member

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Quote from: yazher on November 19, 2019, 01:45:53 AM

Trading in cryptocurrency is a lot easier, but this thing needs a lot of practice. all of the time you will faced trials and errors. you don't need to use trading bots in your first few days of trading because this is some critical time if to learn it the hard way until you are done trading manually, then you decide if you want to contnue or not.

Well trial and error can be done smartly by not risking any cash through the usage of portfolio management apps such as blockfolio and do your mock trade in there. But I wouldn't go on doing mock trades first as you need to learn everything from technical analysis and apply what you have learned from your trades. Basing it from my experience this was really a good introduction for me in trading since I didn't risk any money in the first place and this was like a test for me to see if I can really handle it in the real market which I did. Also looking at the analysis of others really help as you can learn different techniques coming from other persons and you can even observe it if what they are doing is right.

Latviand

full member

Activity: 1540

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Terminologies, usage of coins, what does this button do this button that. That's basically the beginners guide to trading. You learn, learn, learn, then apply it by yourself. Stop letting others paint your way of trading or style of trading, find your own style which imho, results in a better experience in the future. Plus, losing a bit when starting beats losing a lot in the late game because of a strategy you only followed. I'd recommend trying virtual trading to get a feel about how to trade, but don't expect the same experience felt there to be the same in real trading. Virtual trading is more on how to let the beginner understand the ins and outs of a trading experience.

Annisa_crypto

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Personally I don't prefer reading books rather I have preferred to watch some trading videos and articles daily which are on-trend. But if you want to start from the beginning then you can read this book- Mastering in bitcoin (Either you can buy this book online or else you can get the whole book on google) and you can get so much knowledge from this forum as well

conex

member

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crypto enthusiast

Quote from: hugeblack on November 19, 2019, 03:03:48 PM

I am not a fan of reading books so I watch visual content especially YouTube videos. So as a beginner I advise you to follow the episodes of this channel ----> aantonop - YouTube.
This man will teach you the basics through which you can learn "How bitcoin works" and then you can read some books^[1] or participate in the discussions of this forum.

[1]
- Mastering Bitcoin for Starters
- Bitcoin From Beginner To Expert
- Bitcoin For Dummies

Will definitely look into it, thank 4 the link (i also prefer video content over books/reading articles)

conex

member

Activity: 318

Merit: 10

crypto enthusiast

Quote from: mersal on November 19, 2019, 11:56:35 PM

If you are aware of what is crypto currencies,now want to start trading crypto currency!

1) You can learn about trading in general first and learn about crypto trading which is available as e books.

2) Enter trading simulators and try to trade from yourself and apply the strategies you have learned.

3) Now move to real exchange but with very small capital then do the same things and get the real life experience.

Now you are ready to start your crypto trading career.

Simulators are definetely a way to go together with other trading tools for starters/beginners.
Altcoin Fantasy is my favorite simulator and i prefer Newscrypto.io platform regarding tools.
All the best trading today!

conex

member

Activity: 318

Merit: 10

crypto enthusiast

Quote from: tracey77 on November 19, 2019, 06:09:38 AM

Even though there are thousands of articles, videos and websites about cryptocurrencies and trading, I think the best option is to learn from your experience and mistakes. You can gain basic knowledge from such sources but that's not enough. The key is to observe and analyze market situation every day. It is very wide-ranging stuff and time is needed to feel comfortable in it.

Agree, experience is essential. I've been trading for quite some time now but i still don't feel comfortable.

mersal

member

Activity: 1204

Merit: 38

If you are aware of what is crypto currencies,now want to start trading crypto currency!

1) You can learn about trading in general first and learn about crypto trading which is available as e books.

2) Enter trading simulators and try to trade from yourself and apply the strategies you have learned.

3) Now move to real exchange but with very small capital then do the same things and get the real life experience.

Now you are ready to start your crypto trading career.

CryptoGirl.y

sr. member

Activity: 631

Merit: 260

Quote from: conex on November 18, 2019, 11:06:23 AM

Often wonder how would approach trading and learning crypto if i started from the begining.
Would probably grab a book/start reading this forum. What about you?

The first thing you should do is to properly set yourself up psychologically. If you are unbalanced, have a great fear of loss or are too greedy, then do not even approach margin trading. Try strengths with a small deposit in spot trading. Do not pursue big profits, do not stretch losing trades.
And the most important rule from me is to use stoploss!

Harlot

hero member

Activity: 1806

Merit: 672

You can really mix both especially most of the technical analysis books we have are all about trading stocks mixing it with TAs for cryptocurrencies could help you know the differences and similarities of both markets. Additionally if you want to focus on pure TA then there is a no better place to go then tradingview's dedicated page for each crypto since they have a community there for each crypto and all they talk about are technical analysis, but I wouldn't suggest you go here first as you wouldn't know what they are talking about if you still don't know the basics of TA.

Here is tradingview's page for Bitcoin.

hugeblack

legendary

Activity: 2646

Merit: 3911

I am not a fan of reading books so I watch visual content especially YouTube videos. So as a beginner I advise you to follow the episodes of this channel ----> aantonop - YouTube.
This man will teach you the basics through which you can learn "How bitcoin works" and then you can read some books^[1] or participate in the discussions of this forum.

[1]
- Mastering Bitcoin for Starters
- Bitcoin From Beginner To Expert
- Bitcoin For Dummies

tracey77

newbie

Activity: 39

Merit: 0

Even though there are thousands of articles, videos and websites about cryptocurrencies and trading, I think the best option is to learn from your experience and mistakes. You can gain basic knowledge from such sources but that's not enough. The key is to observe and analyze market situation every day. It is very wide-ranging stuff and time is needed to feel comfortable in it.

Topic: How to systematically learn to trade crypto from being a newbie? (Read 327 times)