How to systematically learn to trade crypto from being a newbie? - page 2.

conex

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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.

like any other investment method, trading requires you to have some necessary basic knowledge to start. that's why in this community we have a certain board called trading discussion. you can learn all you need there and don't be shy to ask them for anything you want to know. lastly, remember don't use all of your money, only spend what you can afford to lose.

https://bitcointalk.org/index.php?board=8.0

Cool advice. As a beginner just entering the game i'll definitely stick to don't use all of your money, only spend what you can afford to lose.

conex

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Quote from: Upgrade00 on November 18, 2019, 12:42:23 PM

In my opinion, the first thing you need to learn is how to filter information that is available to you. There is a plethora of videos, articles and posts out there on trading, but only a handful of them would be useful to you. But as a newbie, it's difficult to know which information is relevant and which isn't. You may have to depend on recommendations and reputation of those offering the information both on this forum and on external websites.
You build on knowledge and become familiar with terms and indicators.
Then you start practicing, demo is the safest means of practice for newbies to trading.

With demo you meant sites like Altcoin Fantasy?

conex

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Quote from: bittraffic on November 18, 2019, 12:00:25 PM

For a newbie, you should start pondering what they mean when they say buy low and sell high. And then observe the charts what is happening all day. This may not have more information for you but once you have some btc to use then you can buy USDT and then if the BTC dips lower you can buy BTC thru that USDT. Once BTC rise again, try converting it to USDT. You can do this over and over til you start thinking how to foresee what could happen in the next few days. Then you read the wall observer thread and see thier indicators which you might wanna learn as well.

Thank you! Getting 'hands dirty' is definitely a way to go. What do you think about trading tools which some of the platforms offer?
With trading tools i meant tools such: arbitrage, coin tracker (portfolio), whale alert?
Thank you for help!

conex

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Quote from: BitcoinsGreat on November 18, 2019, 11:48:26 AM

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?

I do not think any book can teach you crypto trading. If i were you, i would definitely search some basic knowledge videos about trading. It will be better if you can find a complete free video course of crypto trading.
Also i will try to get some knowledge from this forum specially the trading and speculation section.

Thank for advice. I'm not a newbie but often think of how would i start learning from the begining if i had to. Complete video course is the best guess.

TheUltraElite

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So anyway, I applied as a merit source :)

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

Would probably grab a book/start reading this forum.

Read the bitcoin whitepaper written by satoshi.
Its the first step that every bitcoin user should do but most of them miss out. What this will do is make your faith in bitcoin stronger and that helps to prevent being swayed by altcoin shills and nocoiners trying to make you sell your coins. Of course it is totally your own choice what coins to buy but bitcoin by far is the most safest of them in terms of long term holding and future aspects of acceptance and usage.

Prefer to go for a stock market trading analysis book if you wish, because there not many known bitcoin trading books out there and technical or fundamental is similar for both.

Avoid youtube channels because they do nothing but shill their own coins.

Also you can start dummy trading with virtual cash and based on that cash buy/sell as per marker quotes and see the outcomes.

yazher

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You own the pen

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.

like any other investment method, trading requires you to have some necessary basic knowledge to start. that's why in this community we have a certain board called trading discussion. you can learn all you need there and don't be shy to ask them for anything you want to know. lastly, remember don't use all of your money, only spend what you can afford to lose.

https://bitcointalk.org/index.php?board=8.0

Upgrade00

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Playgram - The Telegram Casino

In my opinion, the first thing you need to learn is how to filter information that is available to you. There is a plethora of videos, articles and posts out there on trading, but only a handful of them would be useful to you. But as a newbie, it's difficult to know which information is relevant and which isn't. You may have to depend on recommendations and reputation of those offering the information both on this forum and on external websites.
You build on knowledge and become familiar with terms and indicators.
Then you start practicing, demo is the safest means of practice for newbies to trading.

bittraffic

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Activity: 3038

Merit: 617

For a newbie, you should start pondering what they mean when they say buy low and sell high. And then observe the charts what is happening all day. This may not have more information for you but once you have some btc to use then you can buy USDT and then if the BTC dips lower you can buy BTC thru that USDT. Once BTC rise again, try converting it to USDT. You can do this over and over til you start thinking how to foresee what could happen in the next few days. Then you read the wall observer thread and see thier indicators which you might wanna learn as well.

BitcoinsGreat

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Activity: 1022

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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?

I do not think any book can teach you crypto trading. If i were you, i would definitely search some basic knowledge videos about trading. It will be better if you can find a complete free video course of crypto trading.
Also i will try to get some knowledge from this forum specially the trading and speculation section.

conex

member

Activity: 318

Merit: 10

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?

Topic: How to systematically learn to trade crypto from being a newbie? - page 2. (Read 335 times)