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Topic: if you want to learn how to trade then start NOW (Read 207 times)

sr. member
Activity: 882
Merit: 282
i always say that the best way of learning "how to trade" is to start doing it yourself. you won't learn anything by following others, reading stuff online and doing nothing. you have to get your hands dirty.
one of the good things about cryptocurrency market is that the exchanges allow you to start trading with a small amount. there are even exchanges out there that allow orders as small as 0.00001000BTC which is about 6 US cents! you can invest about $10 and start your trading journey and gain experience.

so why NOW is the best time?
it is the best time because prices are falling and there isn't any pumps going on in the altcoin market. for instance if you have started trading last year, if you closed your eye and chose an altcoin to invest in then no matter what you chose it would have gone up and you would have made profit. but that doesn't make you an expert. instead it gives you a false sense of being an expert which will be more harmful in the long run when the  dumps come (you can see how many people are currently crying about it on bitcointalk and telling everyone how they should have "patience" which is a big mistake).

BUT if you start now, you have to make good decisions otherwise you lose money. so you learn the most important lesson and that is decision making for example in choosing the right entry point and the right exit point.
and if you make the wrong mistake there is no safety net (pump) to cover your ass. which is why you will be forced to learn. and that can help you in the long run.

and know this: even in this dropping market you can still make profit
I think bitcoin has provided an opportunity For us to makes money by provide us with opportunities to invest now.  During the bearish market one thing that we need to do is to invest and wait until price go up.  Trading cryptocurrencies is good to invest if you know how the market work and be patience.
newbie
Activity: 484
Merit: 0
If you want to be perfect at what you do, you must take your time and study it very well. Be well versed in it. Learning how to trade no will be very useful to you in the future. As they say, no knowledge is waste. Be proud of yourself
sr. member
Activity: 616
Merit: 262
This is the advice I took a few weeks back, and it's been a good experience.  Just take a bit of whatever bag you hold and start to move it around.  I've primarily been buying/selling the same coin (RVN/BTC), but have gone between LTC as well to trade out of exchanges (as BTC fees are usually much higher).  Good luck and just remember you have to start somewhere!

You just need to start trading and stop procrastinating and dreaming of having good profits. We all start somewhere and for those people who are always advising to just invest because it is risky to trade then they should at least try right? When you are too afraid to get out of your comfort zone then you will not be able to discover the other talents that you have that may bring you to being financially free. Just explore and do not be afraid to lose because in losing, you will gained lessons to be profitable in the future if you learn from it.
legendary
Activity: 1092
Merit: 1000
https://trueflip.io/
The price of BTC and other altcoin now is side away but still in the level support, just wait for next bullish. Start trading now is good decision because the price of crypto in the bottom already, and look from history of the chart the price can be going up and bull run in a few days more. Pass 6 month already crypto market on bearish and should be now times for bullish.
Right.Now is the best time to start trading because the market is starting to recover from the dumping moments.Start even with a small mount that you can afford to lose because in trading you still have no guarantees that you will surely gain profits in the end,losses are still a part of trading so you should at least be prepared not only for the best but also for its worst.
jr. member
Activity: 79
Merit: 1
This is the advice I took a few weeks back, and it's been a good experience.  Just take a bit of whatever bag you hold and start to move it around.  I've primarily been buying/selling the same coin (RVN/BTC), but have gone between LTC as well to trade out of exchanges (as BTC fees are usually much higher).  Good luck and just remember you have to start somewhere!
full member
Activity: 588
Merit: 100
The price of BTC and other altcoin now is side away but still in the level support, just wait for next bullish. Start trading now is good decision because the price of crypto in the bottom already, and look from history of the chart the price can be going up and bull run in a few days more. Pass 6 month already crypto market on bearish and should be now times for bullish.
member
Activity: 322
Merit: 12
You're right. There isn't too much volatility right now and you're able see steady rise and fall in prices as compared to sudden rise due to pumps and dumps. Coins that are doing well right now are likely to replicate their uptrend by some good multiples when the actual bull run starts.
member
Activity: 350
Merit: 10
50$ is ideal amount to learn. Go to binance (~6$ min bet) and just start daytrading. Make as manny trades as you can and as manny mistakes as you can.
It is just fortunate that i do have an account in Binance but i do only have $10 in it. Would try this thing today.  Smiley

Dont be scared, what can possible go wrong? -20%? from 6 $ is 1,2 $ - and your experienced gained by this is priceless.
I would not be anymore buddy and i will just remember that experience would be the great teacher.
Thanks.

Investing a very small initial amount to learn the experience in this market is great because you need more money to be able to succeed in cryptocurrency. Many people rush to invest a lot in this market while they do not understand it and are sure that failure will quickly come to them.
member
Activity: 336
Merit: 11
I am no stable coin. to the mooonn.. and back
Yes you are right and even I believe that right now is the best time if you are really eager to learn the trading skills and especially technical trading skills that is because right now the market conditions are good and you are getting to trade the cryptocurrencies at a cheaper rate and if you started to learn the trading and start investing from now so that you will get good practice of charts and also side by side your investment will give you good returns.
hero member
Activity: 1190
Merit: 534
Yes, the practical trade is the best way I know to learn to trade because even if the trader is losing his capital he will at least have the knowledge and experience to avoid the same mistakes in his next trades.

It is recommended to start with the lowest possible amount and doing own research and developing own strategies while starting the actual trade. I am not a great fan of trading simulators because we are psychologically irresponsible since the actual money is not invested while using it and that affects our trading strategies.
full member
Activity: 1330
Merit: 147
That's true, trading requires a lot of practice instead of reading a lot of theory to do it. By practicing and do daily trading every person will get to know new term and new ways to earn profits. And for the best time to start trading is when the price falling like this time. Everyone will know basic trading knowledge, buy cheap and sell this high will really make someone get profit, which should always be remembered to know when the low price and when a high price a person takes a long time to determine it, and practices daily trading can help it.
jr. member
Activity: 196
Merit: 3
Yeah the best time to learn trading is starting in yourself. If you don't have the money to invest with there are a lot of platforms which offer free virtual trading to test your technical and fundamental skills. In that way, you can master your craft and become ready trading in real exchanges. Likewise, reading legitimate trading books will help you also learn and master trading. You don't need to pay gurus just to teach you. You the internet, everything is there.
hero member
Activity: 2072
Merit: 542
DGbet.fun - Crypto Sportsbook
50$ is ideal amount to learn. Go to binance (~6$ min bet) and just start daytrading. Make as manny trades as you can and as manny mistakes as you can.
It is just fortunate that i do have an account in Binance but i do only have $10 in it. Would try this thing today.  Smiley

Dont be scared, what can possible go wrong? -20%? from 6 $ is 1,2 $ - and your experienced gained by this is priceless.
I would not be anymore buddy and i will just remember that experience would be the great teacher.
Thanks.
legendary
Activity: 2156
Merit: 1622
one of the good things about cryptocurrency market is that the exchanges allow you to start trading with a small amount. there are even exchanges out there that allow orders as small as 0.00001000BTC which is about 6 US cents! you can invest about $10 and start your trading journey and gain experience.
Hey bud, do you have recommendations on how much amount for us to start trading? Can a $50 enough for me to become a day trader? To be honest, i want to become a day trader but i am afraid because i don't have that ability to interpret a chart and they say that trading is not for everybody. Is it true that this trading thing is not for everyone? or is it just a myth?

50$ is ideal amount to learn. Go to binance (~6$ min bet) and just start daytrading. Make as manny trades as you can and as manny mistakes as you can. Learn from each. Dont be scared, what can possible go wrong? -20%? from 6 $ is 1,2 $ - and your experienced gained by this is priceless. After few days you will stop loosing. After month you will start earn. Than slowly increase your investment (if you will be good enought it will increase itself). But remeber. Market is different each day and has cycles - when you just start to earn dont put all your money into next trade. As OP said. If you would invest in late 2017 you will earn no matter what decision would you make. Same could happend july-november where you will be succesfull trader on 10$ bet to put in november 10 000$ and loose all on diffrent market cycle.
full member
Activity: 602
Merit: 102
Trading has been in existence like way-back. As a matter of fact, its existence is like that of mankind. For me, there is never a time that is too late to learn a trade, any time is always a good time. The crypto market might be new, but it certainly has same similarities like every other markets. What is most important, is acquiring the right skills to excel in trading, because there are always opportunities in the market waiting to be taken.
hero member
Activity: 2072
Merit: 542
DGbet.fun - Crypto Sportsbook
one of the good things about cryptocurrency market is that the exchanges allow you to start trading with a small amount. there are even exchanges out there that allow orders as small as 0.00001000BTC which is about 6 US cents! you can invest about $10 and start your trading journey and gain experience.
Hey bud, do you have recommendations on how much amount for us to start trading? Can a $50 enough for me to become a day trader? To be honest, i want to become a day trader but i am afraid because i don't have that ability to interpret a chart and they say that trading is not for everybody. Is it true that this trading thing is not for everyone? or is it just a myth?
hero member
Activity: 3094
Merit: 929
I guess that you don`t make difference between trading and HODLing.
The newbies are usually not very patient and they want profit ASAP.This forces them to make wrong trading decisions.They sell at the wrong time,or they buy at the wrong time.
Gaining knowledge about trading is a completely different topic.People are late,if they want to start learning know.Time is the most valuable asset.
jr. member
Activity: 82
Merit: 1
Yes now its good times to learn crypto trading because all coins already oversold, and the price big probability to going up multiple times in a few month. The price of BTC been drop more than 1/3 even other altcoin dropped more than 1/10 , and in this price level will more easy to make profit.

I agree in your opinion. Use the price down fall as opportunity to make some investmentment to a potential altcoins and take this as advantage to buy some alts in cheaper price and sell it when the value is great to sell.
hero member
Activity: 938
Merit: 501
There are a lot of people that really think that trading is a waste of time and that they will not earn a single dollar out of it, but they all are wrong and they are just losing a huge opportunity
jr. member
Activity: 149
Merit: 3
The price today is uncertain, indeed a good time to start trading. Big capital means higher profit. But if you are a first-time trader better to start a small capital that you are willing to loss. The market is highly volatile you may end up losing everything if you don't get it right.
Conduct a research on the coin you'll invest to ensure higher probability of profit
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