daily trading is fun because if we are good at analyzing the market
crypto, then we will potentially profit every day.
but it's not an easy thing to learn, because lots of people experience losses as a result of daily trading, but I personally also often do daily trading in crypto, and I do the DCA system every time I make a trade.
but remember not to buy when the price is rising, because it can result in a higher potential loss.
Topic: If You Could Start Over, How Would you Learn Day Trading (Read 476 times)
In my locality there are good tuitions for trading classes. They are so good that you can take the free demos before enrolling or paying heavy fees for the course. They would show you the examples of successful peeps who learnt from them.
I think I will start with those guys and then slowly go for my own demo accounts and trading on them eventually. I think my current thinking is not very good for trading. I will have to start over all of those thinking from the scratch for sure. Basically given chance I will need to redo everything.
Perhaps, it was a good start to having a mentor or someone who could assess upon learning to trade. If it had only been taught in school, many people had wanted to enroll and take that opportunity. Yet it was not as trading was not a known thing until cryptocurrency has come and built such an aura to make it more attractive. That is why it was easy for now to learn about trading as it was pretty available online, we can watch videos and demos which we can apply in actual trading. And it was good enough to start our trading carrier, perhaps, we can learn more through experience. I think I will start with those guys and then slowly go for my own demo accounts and trading on them eventually. I think my current thinking is not very good for trading. I will have to start over all of those thinking from the scratch for sure. Basically given chance I will need to redo everything.
In my locality there are good tuitions for trading classes. They are so good that you can take the free demos before enrolling or paying heavy fees for the course. They would show you the examples of successful peeps who learnt from them.
I think I will start with those guys and then slowly go for my own demo accounts and trading on them eventually. I think my current thinking is not very good for trading. I will have to start over all of those thinking from the scratch for sure. Basically given chance I will need to redo everything.
I think I will start with those guys and then slowly go for my own demo accounts and trading on them eventually. I think my current thinking is not very good for trading. I will have to start over all of those thinking from the scratch for sure. Basically given chance I will need to redo everything.
I think, as one of the communities here in the crypto space we should learn from the mistakes of other bitcoin or crypto traders here in this business industry so that we don't end up like their wrong trading strategies.
Also, you can learn crypto trading without anyone teaching you as long as you have passion, determination, and dedication. But if you have a mentor to guide you, it will be faster
Also, you can learn crypto trading without anyone teaching you as long as you have passion, determination, and dedication. But if you have a mentor to guide you, it will be faster
even if you do daily trading it may not be in accordance with your predictions and estimates, so actually everything has a risk, how do we minimize that risk which is an important lesson from this.
but people will get smarter when they make mistake.
but people will get smarter when they make mistake.
The Bitcoin market is something different, it has a very large ingredient that characterizes it and that is volatility. I think that if I could start over the last thing I would learn would be technical analysis, because it is better to have the reason why a movement occurred in the Bitcoin market. market and only then can you determine what's next and thus make predictions that are more likely to happen.
I did a lot of demo trading for almost a year before venturing into the live trading environment. My concern was that I wasn't good enough and was scared of falling for trading scams. I made up my mind to figure things out on my own.
In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.
While trading in a demo account for that long could have been too much, at the same time if I was given the task of trying to predict who will eventually become a good trader and my choices were someone like you and someone which went straight towards trading with real money I will pick you, as it is better to be way more cautious than to be a risk taker, since those that like to take risks do not last long in any market due to their inability to control their emotions. In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.
~snip~
Being part of a trading community is a wise move for beginner traders to expand their knowledge and learn about new techniques and strategies. These communities also provide an opportunity to share experiences and discuss with other traders who share similar interests. No matter the type of trading you want to do, joining a community will help you become a better trader and minimize the risk of loss.Also, to start day trading, technical analysis is one of the most widely used approaches. Technical analysis involves using charts and technical indicators to understand the price trends and outlook for an asset. Many day traders use technical analysis as a basis for making trading decisions. However, it is important to remember that technical analysis is not always accurate and there are many other factors that influence asset prices such as economic news and fundamental factors. It is therefore advisable to do enough research and combine with other approaches such as fundamental analysis before making a trading decision.
I did a lot of demo trading for almost a year before venturing into the live trading environment. My concern was that I wasn't good enough and was scared of falling for trading scams. I made up my mind to figure things out on my own.
In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.
In retrospect, if I could start all over again, I won't do demo trading for that long, I will try out my own strategies in live trading while being guided by classic trading strategies. I will equally find successful and well experienced trading mentor as well. And I will make sure I stick to my daily plan on achieving my goal during the trading process. At the end of each trading day, I will carry out a review of to see if I did right and how I can maximize my profit. I usually waited until the weekend to do this.
Many people will seek out mentor to trade on the first day, but after that they will be independent enough to do so. I ran into the same thing due to my ignorance of how it works. I have budget for trading, but I need to understand the market and the platform I'm using and how to secure my assets. Maybe a good move would be to teach yourself, but it's a lot harder from day one.
Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.
Perhaps, that is really what will happen because we can't just rely on our mentor for the whole but rather stand on our own and make our own decision. Besides, the purpose of having a mentor is to teach us and it was easy and very clear than online tutorials. At the moment that we are ready enough to make a trade alone, that moment also makes us think that mentors are not needed anymore. Because what I see is that trading is continuous learning, the more we do actual trading, the more we can get ideas that can help us to improve and discover more things. Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.
You are absolutely right about almost everything you said, most traders think from the heart and that is how they get emotions involved in trading, and also, starting trading with a demo account is pretty helpful most especially for those who are just coming into the trading market for the time ever, this is one ways to practically and easily learn trading without having to depend on someone else that much.
I think it is good to learn things all by yourself. As they say, The thing you learn by yourself, you will never forget it in your life. I am a psychology student and I know that very well. But one thing to consider here is that, it's always a good idea to seek help from someone who knows better than you. Otherwise, you will be stuck in one place. We are humans, and we all have flaws, so it is always recommended to learn from the best. What I said there is all just basic startup knowledge to keep your mind on track. The rest is a long journey. So gather knowledge from everywhere you can.
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The Question: If You Could Start Over, How Would you Learn Day Trading?
First thing first, taking control over my emotions will be my first priority. If I can control it, then everything will become much easier. Because I will think with my mind and not with my heart. Then I will start with a very small amount or even a trial account as you mentioned. That way I will be able to focus much on strategy and not on personal made up decisions. And as I move forward, I will lose too, I will not make profits every time. So that way I can learn from my mistakes and improve my strategy too.
One thing would be helpful will be the live signals. I will take help from that too.
I guess that's about it.
Personally, if ever I feel I lack something in trading and need to relearn, I will start with a demo account, I will have it funded with the exact amount of money I hope to start live account with, this is one of the ways to become a really good trader.
Many people will seek out mentor to trade on the first day, but after that they will be independent enough to do so. I ran into the same thing due to my ignorance of how it works. I have budget for trading, but I need to understand the market and the platform I'm using and how to secure my assets. Maybe a good move would be to teach yourself, but it's a lot harder from day one.
Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.
Some one can develop an interest in trading over time, that includes joining a community of traders or something like that. The more people we meet talking about trading, the more knowledge we will get. This is important to note because when we only do it ourselves, we tend to get stuck in developing our abilities.
First, I'll begin in knowing my purpose and my capability. Day trading is a complex thing so I will make sure that I'm capable of adopting knowledge about it and I can apply all the things that I'll learn. I will also make certain purposes for why I'm doing day trading. I should set a target profit so I'll have to motivation to grind wisely and effectively.
Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.
Yes, if I could start over but I had at least the knowledge of which books were good and which books were not this will save a massive amount of time, as the majority of the books I have read about trading were not good enough, but the only way to discover this is the case was by reading them, only a handful of books were good so if I could start over and only read those books this will be a huge time-saver and it will allow me to grow as a trader way faster than at the speed it actually happened. Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.
First, I'll begin in knowing my purpose and my capability. Day trading is a complex thing so I will make sure that I'm capable of adopting knowledge about it and I can apply all the things that I'll learn. I will also make certain purposes for why I'm doing day trading. I should set a target profit so I'll have to motivation to grind wisely and effectively.
Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.
Having the right resources and proper guidance will make learning day trading easier but we must also have the courage and willingness to understand everything the best way that we can.
The Question: If You Could Start Over, How Would you Learn Day Trading?
Every trading activity needs certain knowledge and ability. It is not only about the willingness to trade, but it is about the combination of knowledge, skill & ability, a good consideration for wise decisions, experience, and also effective & efficient learning processes. If we only focus on one element, it will not really work well, moreover if we are only following other people to do trading, expecting too high the trading profits, and other thoughts about trading. This will not really work well. That is why if I want to start again trading activities, I wi,ll prefer to prepare all thing really done in all aspects. The Question: If You Could Start Over, How Would you Learn Day Trading?
First thing first, taking control over my emotions will be my first priority. If I can control it, then everything will become much easier. Because I will think with my mind and not with my heart. Then I will start with a very small amount or even a trial account as you mentioned. That way I will be able to focus much on strategy and not on personal made up decisions. And as I move forward, I will lose too, I will not make profits every time. So that way I can learn from my mistakes and improve my strategy too.
One thing would be helpful will be the live signals. I will take help from that too.
I guess that's about it.
The Question: If You Could Start Over, How Would you Learn Day Trading?
Every trading activity needs certain knowledge and ability. It is not only about the willingness to trade, but it is about the combination of knowledge, skill & ability, a good consideration for wise decisions, experience, and also effective & efficient learning processes. If we only focus on one element, it will not really work well, moreover if we are only following other people to do trading, expecting too high the trading profits, and other thoughts about trading. This will not really work well. That is why if I want to start again trading activities, I wi,ll prefer to prepare all thing really done in all aspects.
Find someone who are a good trader that can mentor me, and of course help me to create my own trading strategy that can work better this time. There’s a lot of bad trades yes, but remember that you can always start again, and start trying a new strategy until you find the good combinations of indicators.
In trading, we learn more by losing the money and that is normal so don’t be discourage if you have losses, just keep going and keep improving your trading skill, you can be better by not giving up with your trades.
In trading, we learn more by losing the money and that is normal so don’t be discourage if you have losses, just keep going and keep improving your trading skill, you can be better by not giving up with your trades.
I'll definitely take it slow this time. Everything else that raised red flags for me will be avoided to the greatest extent possible to avoid potential loss. The first time I lost money was due to ignorance; I don't want that to happen again because I'll be prepared before I start trading.
One thing I didn't want to do at the time was put all of my money or money for daily expenses into trading so that I wouldn't regret or be too hurt by the loss. I'll continue to do so, but this time I'll try to profit from every opportunity I get because I'll be better prepared and have learned more about trading.
One thing I didn't want to do at the time was put all of my money or money for daily expenses into trading so that I wouldn't regret or be too hurt by the loss. I'll continue to do so, but this time I'll try to profit from every opportunity I get because I'll be better prepared and have learned more about trading.
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