How to trade cryptocurrencies? - page 4.

RealMalatesta

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Quote from: Tellek Garing on March 24, 2022, 01:21:13 PM

Trading comes with a lot of ups and downs and we learn along the line and mostly learn from our mistakes, but above all always trust and follow the knowledge that you build over a period time, cryptocurrency trading is a fast-growing venture, and at that this requires a long time of knowledge which mostly can be source over the Internet with various YouTube videos that can also help as a guide for newbie traders.

Trusting the knowledge you have built overtime is a great way of trusting your instincts in a way as well. There are times when you see that market says it will go one way, and it goes another way. If you have learned those tricks, when the market is trying to fake people out, and you do not get faked, then you will become a great trader.

This only happens with experience and only people who are great at trading would be able to see those coming. This requires time and patience and sometimes even money because you will be faked first, then you will stop getting faked but you would be making that money back so it is not really a big problem.

Tellek Garing

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Quote from: molsewid on March 25, 2022, 10:01:54 AM

Quote from: Tellek Garing on March 24, 2022, 01:21:13 PM

Trading comes with a lot of ups and downs and we learn along the line and mostly learn from our mistakes, but above all always trust and follow the knowledge that you build over a period time, cryptocurrency trading is a fast-growing venture, and at that this requires a long time of knowledge which mostly can be source over the Internet with various YouTube videos that can also help as a guide for newbie traders.

Trading comes also with constant learning that a trader should take seriously. It is definitely true that it comes with a lot of ups and downs and with experiences that we will be encounter along the way are the most important thing that we need to take down notes because those experiences and learnings that we will encounter will greatly help us to achieve our dream success in trading. Nowadays, learning on how to trade can be easily accessed with use of social media platforms all we need to do is to a lot our time to learn those things.

It takes a lot of practice to become a good trader and this as I have said before consist of so many ups and downs but as a person who is all in to have some good time in trading even if you encounter some losses during trading you just take it as part of the learning process.

If you ask any experienced trader how they acquire their skills and technique they will always tell you it comes with time and constant practicing.

Webetcoins

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Quote from: Joyawan13 on March 24, 2022, 10:29:31 AM

if to trade I don't have any specific sources or articles for me to trade, at first I was able to trade crypto enough with knowledge from close friends and people who understand trading, then I went straight into it and learned to analyze and learn to understand altcoin price movements in the market, with small capital I practice directly in day trading, so in my opinion, to learn to trade crypto and analyze market price movements myself is something I have to do, rather than looking for way from Sources which may be difficult for me to understand.

You are lucky because you have friends to teach you how to trade but for someone that don't have it? I know all people have a friend but not all friends have a knowledge in crypto. If that is the case then they will need to learn it by themselves using the internet. Learning trading have became easier because we now have sites dedicated for trading and one of that site is owned by the OP.

We must thank them because they are concerned to the newbies. There are sources that are hard to understand but there are easy too. Difficulty can depend too on the individual because some are fast learner like you, so any sources you come across with is going to be a piece of cake.

Tellek Garing

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Quote from: molsewid on March 25, 2022, 10:01:54 AM

Quote from: Tellek Garing on March 24, 2022, 01:21:13 PM

Trading comes with a lot of ups and downs and we learn along the line and mostly learn from our mistakes, but above all always trust and follow the knowledge that you build over a period time, cryptocurrency trading is a fast-growing venture, and at that this requires a long time of knowledge which mostly can be source over the Internet with various YouTube videos that can also help as a guide for newbie traders.

Trading comes also with constant learning that a trader should take seriously. It is definitely true that it comes with a lot of ups and downs and with experiences that we will be encounter along the way are the most important thing that we need to take down notes because those experiences and learnings that we will encounter will greatly help us to achieve our dream success in trading. Nowadays, learning on how to trade can be easily accessed with use of social media platforms all we need to do is to a lot our time to learn those things.

Yes from the ups and down comes the experience any good trader that is making profits from trading has a long time of learning with loses and gains to build your skills, so instead of looking for a guide just look for experience and this experience comes with constant practice.

molsewid

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Quote from: Tellek Garing on March 24, 2022, 01:21:13 PM

Trading comes with a lot of ups and downs and we learn along the line and mostly learn from our mistakes, but above all always trust and follow the knowledge that you build over a period time, cryptocurrency trading is a fast-growing venture, and at that this requires a long time of knowledge which mostly can be source over the Internet with various YouTube videos that can also help as a guide for newbie traders.

Trading comes also with constant learning that a trader should take seriously. It is definitely true that it comes with a lot of ups and downs and with experiences that we will be encounter along the way are the most important thing that we need to take down notes because those experiences and learnings that we will encounter will greatly help us to achieve our dream success in trading. Nowadays, learning on how to trade can be easily accessed with use of social media platforms all we need to do is to a lot our time to learn those things.

CryptopreneurBrainboss

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Quote from: Sebas.tian on March 02, 2022, 09:11:06 AM

Here are some of my sources I learnt my crypto trading:
3- WhatsApp : WhatsApp is another website you can follow in the community that will help you to differentiate fake project and real project in the community. There are many pictures and videos to watch to understand cryptocurrency trading and how to use it to make a huge amount of money from community.

Firstly WhatsApp isn't a website instead a social App that helps friends/businesses stay connected. If I understand clearly you're talking about groups created by individual to help each other in the space. While joining those kind of groups you have to be cautious though because they can easily be changed to some hype group for certain projects or use wrongly to scam noobs. Same thing can be said about the groups created on telegram as well. Remember humans hardly does anything that aren't profiting them.

Some articles have already been shared on this thread that are quite useful and if I was to give a pick, I'll go for the Binance's Blockchain & Crypto 101: Guide for Beginners from the Binance Academy. While the Binance's exchange is shit, their academy has some useful information that can be very helpful for any new users coming into the industry. Just spend sometime on their website and you'll get yourself informed without spending a dim.

Tellek Garing

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Trading comes with a lot of ups and downs and we learn along the line and mostly learn from our mistakes, but above all always trust and follow the knowledge that you build over a period time, cryptocurrency trading is a fast-growing venture, and at that this requires a long time of knowledge which mostly can be source over the Internet with various YouTube videos that can also help as a guide for newbie traders.

Joyawan13

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Quote from: lelo32 on February 28, 2022, 08:56:29 AM

I came across this useful article which learn how to trade cryptocurrencies?

https://altfins-scan-analyze-trade.medium.com/how-to-trade-cryptocurrencies-16b1eec290c3

What are your other sources of crypto trading education?

if to trade I don't have any specific sources or articles for me to trade, at first I was able to trade crypto enough with knowledge from close friends and people who understand trading, then I went straight into it and learned to analyze and learn to understand altcoin price movements in the market, with small capital I practice directly in day trading, so in my opinion, to learn to trade crypto and analyze market price movements myself is something I have to do, rather than looking for way from Sources which may be difficult for me to understand.

robertshall21

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To invest in crypto, you will need to first choose a reliable crypto exchange, and make a cryptocurrency brokerage account. Then you'll need to fund this account and pick cryptos to invest in. You'll need to be armed with a strategy before you invest, for which you'll have to stay updated with market developments. Later you can consider shifting to automated crypto trading, as trading bots enact a strategy to give you the best results aligned to your investment goals. You will also need a crypto wallet to store your currencies.

Crypto trading can be difficult for beginners. However, help from experts can make it easier. Learn how to make progress in the crypto space from industry leaders, visit iCWtoken dot com

Silberman

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Quote from: TheUltraElite on March 09, 2022, 09:32:03 AM

OP should not learn trading from reading articles from the internet.

Rather use them to get an idea of how the market works, then start paper trading for a duration of at least 6-12months. Only then you will get a proper approach on how to face the bear or bull market. People make articles everywhere on the internet, but they never give any fruitful information because they are no verified by any person or institution. We have people selling fake courses on the internet too, so be careful.

The best practical is by jumping into the action, here you can do that without risk if done on paper. Dont get into altcoins and their shills. Stay focused on bitcoin. In my last 6years of bitcoin, I have observed traders getting washed away by moving to altcoins, because of lack of "excitement" in bitcoin movements.

Without a doubt paper trading is a very useful tool as it helps people to learn more about the markets without any risk of losing money, however to this I will add that in order to obtain the most benefits out of this people need to actually paper trade on paper, I know it sounds redundant but many people paper trade with their accounts on their exchange of preference as many of them offer demo accounts, I recommend against this and to do it the old fashioned way as you can learn even more by going through the very boring process of writing down your trades in paper.

Farma

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Quote from: lelo32 on February 28, 2022, 08:56:29 AM

What are your other sources of crypto trading education?

my main source in learning trading is "learning by doing". That's right, when I entered the world of trading, I only had basic knowledge about trading such as "buy when it's cheap, and sell when it's high". Well, it cost me a lot, but because of that, I gained a lot.
In addition, YouTube and Telegram groups can also be sources of education for trading. however, currently information about trading from the beginning until now is still widespread on the internet. in the form of videos or articles. well, it can be said that the biggest source that supported me to trade from the beginning until now is information on the internet.
Currently, I am looking for information by reading some articles on Cointelegraph, or some other web that discusses crypto. sometimes prices move based on FUD, or FOMO. This may be a source of knowledge that becomes support before I trade right now.

TheUltraElite

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So anyway, I applied as a merit source :)

OP should not learn trading from reading articles from the internet.

Rather use them to get an idea of how the market works, then start paper trading for a duration of at least 6-12months. Only then you will get a proper approach on how to face the bear or bull market. People make articles everywhere on the internet, but they never give any fruitful information because they are no verified by any person or institution. We have people selling fake courses on the internet too, so be careful.

The best practical is by jumping into the action, here you can do that without risk if done on paper. Dont get into altcoins and their shills. Stay focused on bitcoin. In my last 6years of bitcoin, I have observed traders getting washed away by moving to altcoins, because of lack of "excitement" in bitcoin movements.

Jazzi Mahesh

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You can make money with cryptocurrency. Given the inherent volatility of crypto assets, most involve a high degree of risk while others require domain knowledge or expertise. Trading cryptocurrencies is one of the answers to how to make money with cryptocurrency.

Silberman

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Quote from: lelo32 on February 28, 2022, 08:56:29 AM

I came across this useful article which learn how to trade cryptocurrencies?

What are your other sources of crypto trading education?

Read books, while there is nothing wrong with reading articles it is impossible you are going to learn how to actually trade from an article, trading is incredibly difficult and since it is unlikely you are going to have a mentor teaching you the ropes then the best next alternative are books, I know this is time consuming but it is completely worth it, after all if you really become a good trader then it is likely your future will be secured and you will not have to worry about money during the rest of your life.

24Kt

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Quote from: FanEagle on March 07, 2022, 01:17:01 PM

Quote from: blockman on March 07, 2022, 06:12:26 AM

Many of them are misleading if it's about trading. They'll insert what they like to feed to their viewers for the sake of their own agenda and profitability.
It's not about trading but all about the revenue that they might get with those advertisements or paid sponsorships by a certain project that they'll advertise while they try to explain what trading is all about and strategies that they're building. That's why it's not advisable to get a lot of feed about trading on youtube videos. Well, they're helpful at most times but you also need to be vigilant about finding out which is really helpful and not.

If you are looking at some random people than you will not be able to find anyone that you can trust, because it is rare in the crypto world to find someone that you could trust. However, some people watch a lot of videos from a lot of different people, and eventually they get better at trading as well and they look back and eliminate the bad ones and suggest the good ones as well.

The problem is that, do we get those youtube videos as good because those people actually benefited from it? Or are these another set of influencers suggesting a channel because they got paid? We do not know about it, that is something we will never know about for sure.

As long as you know how to select the good pointers and discard the unnecessary ones, you will make a progress in your trading. Also, it is not all about reading and watching, while you are watching, it is best to try the technique with your small funds. No need to use big funds but if you have funds to spare, you can already start trading on your own. Don't expect that something significant will happen but you need to experience it hands-on to grasp what it is like. And slowly, you will acquire those techniques on your own. We know that most videos or blogs have other hidden agenda like promoting the site they are paid to.

FanEagle

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Quote from: blockman on March 07, 2022, 06:12:26 AM

Many of them are misleading if it's about trading. They'll insert what they like to feed to their viewers for the sake of their own agenda and profitability.
It's not about trading but all about the revenue that they might get with those advertisements or paid sponsorships by a certain project that they'll advertise while they try to explain what trading is all about and strategies that they're building. That's why it's not advisable to get a lot of feed about trading on youtube videos. Well, they're helpful at most times but you also need to be vigilant about finding out which is really helpful and not.

If you are looking at some random people than you will not be able to find anyone that you can trust, because it is rare in the crypto world to find someone that you could trust. However, some people watch a lot of videos from a lot of different people, and eventually they get better at trading as well and they look back and eliminate the bad ones and suggest the good ones as well.

The problem is that, do we get those youtube videos as good because those people actually benefited from it? Or are these another set of influencers suggesting a channel because they got paid? We do not know about it, that is something we will never know about for sure.

smartaction

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Quote from: lelo32 on February 28, 2022, 08:56:29 AM

I came across this useful article which learn how to trade cryptocurrencies?

https://altfins-scan-analyze-trade.medium.com/how-to-trade-cryptocurrencies-16b1eec290c3

What are your other sources of crypto trading education?

My source is google. First I get some ideas from a friend of mine then I can understand things better by searching from google and youtube. And by practicing the topics I have now learned to understand everything and got and learned some new ideas from this forum. that's it

blockman

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Quote from: stepwilli on March 06, 2022, 01:35:20 PM

If you are seriously looking for any resources then I recommend you to go and check YouTube videos rather than study materials because when you are watching videos you will be getting more depth knowledge which is rememberable for long time compared what you learn from book or from online things.

Many of them are misleading if it's about trading. They'll insert what they like to feed to their viewers for the sake of their own agenda and profitability.
It's not about trading but all about the revenue that they might get with those advertisements or paid sponsorships by a certain project that they'll advertise while they try to explain what trading is all about and strategies that they're building. That's why it's not advisable to get a lot of feed about trading on youtube videos. Well, they're helpful at most times but you also need to be vigilant about finding out which is really helpful and not.

teosanru

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Quote from: lelo32 on February 28, 2022, 08:56:29 AM

I came across this useful article which learn how to trade cryptocurrencies?

https://altfins-scan-analyze-trade.medium.com/how-to-trade-cryptocurrencies-16b1eec290c3

What are your other sources of crypto trading education?

These types of resources are really easy to find, just one search on google or youtube can land you upon any such page which will give you many strategies to look around from. But the main key to successfully trading cryptocurrencies is to have that emotional intelligence on when to trade. Not only that you should be prepared with risk management tactics to ensure that you are not losing more than what you actually win. apart from that practical implication of all these tactics is extremely difficult too at a lot of points you will start to follow this but later on you will realize that even if you lose a single trade you begin to forget everything you have learnt, you start to challenge your learning and this is where trading becomes unprofitable and most people even lose on their capitals.

stepwilli

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Quote from: lelo32 on February 28, 2022, 08:56:29 AM

I came across this useful article which learn how to trade cryptocurrencies?

https://altfins-scan-analyze-trade.medium.com/how-to-trade-cryptocurrencies-16b1eec290c3

What are your other sources of crypto trading education?

I am not following any online resources for educating myself about crypto trading because I am already into real-time cryptocurrency trading environment which is more than enough to teach me about the basics and advanced concepts of crypto trading. Moreover these resources are only significant in your beginning days and once you are getting experienced then you must need only real time lessons and not theoretical ones.

If you are seriously looking for any resources then I recommend you to go and check YouTube videos rather than study materials because when you are watching videos you will be getting more depth knowledge which is rememberable for long time compared what you learn from book or from online things.

Topic: How to trade cryptocurrencies? - page 4. (Read 956 times)