Just remember, not all successful traders rely on books and courses but what you are doing is the right track.
Keep learning more until you find your courage to jump in that jungle.
One is experience.
No one can teach you that but just yourself. Once you learned something by trading live, you keep it.
Even if its the bad side of your experience, you jot it down so you won't forget it.
A plan is also important, that's to avoid the greed that might take over or too much expectation.
Topic: Is this a good plan for learning tradning ? - page 11. (Read 1820 times)
i believe that TA works in any market even the crypto market, idk what else I need in crypto trading? fundamental analysis? don't really like it
TA should just guide you on your decisions but should never be relied on 100% or else you can easily get REKTThe biggest part in learning how to trade is actually experiencing it and not just reading books or articles. Beside reading all the information. You have to practice it:
- You have to be very disciplined,
- Avoid lots of emotions when trading,
- Have a proper risk management strategy etc.
Can't achieve all that by just books and expect to be very perfect the very first time you start trading.
~
i believe that TA works in any market even the crypto market, idk what else I need in crypto trading? fundamental analysis? don't really like it
Indeed, TA works for any market ,but FA's needed if anyone want to be a successful trader. For an example, everyone right now is so much disappointed with current gas fee problem of ethereum and expecting to get rid of this after ETH2.0. But here is a twist on this FA because there is an EIP 1559 ( Ethereum Improvement Proposal 1559) which will solve the current gas fee problem if london hardfork would complete in July which is a great FA for ethereum right now. Even there is a possibilty for a correction in the price of etherum according to TA, than it's for short time and etherum might go higher than $2k for the upcoming hardfork in the long run. So, both TA and FA matters a lot in this crypto market. Also, we can just speculate what might happen according to TA+FA and not like 100% sure that it'll happen.
i watched a couple of courses and read a couple of books, and I liked trading as a career and I want to solid my information and skills
I saw this article about which books you need for your CMT test, which I'm thinking of taking them as a study plan for my trading career
here are the books and the article
https://www.tradingsetupsreview.com/book-list-chartered-market-technicians-cmt/
, is it a good plan?
I saw this article about which books you need for your CMT test, which I'm thinking of taking them as a study plan for my trading career
here are the books and the article
https://www.tradingsetupsreview.com/book-list-chartered-market-technicians-cmt/
, is it a good plan?
These books are not free of cost as each of the link on the site takes you to the Amazon site. Not everyone is willing to pay for these books when there is so much free material available on the internet. If you are a beginner, its better to start with free learning material and once you need perfection, you can buy few of these books.
To be good at trading, you have to go with it in a two-pronged approached and those prongs include acquiring knowledge and acquiring experience, in your case, you already have the first prong which you can still improve because learning never stops and knowledge is power as for the second prong which is acquiring experience, you have to get in the field and try to trade, go for smaller amounts of trade or practice in a simulation which is risk free.
I agree with you, it is not enough just to have a theory without being accompanied by direct experience of plunging into the real world of trading. because knowledge will be dull if not put into real context. practice is very important to bolster theory from reference sources. Like a bird in a cage, it has wings but cannot fly into the wild. in other words, having knowledge will not feel the benefits if it is not applied.
is it a good plan?
As cmt is non-profit organization of technical analysis, so it could be a great oppertunity for OP to read those books and give exam for the test. But it's related to technicial analysis which isn't only specific for crypto as it could for stock or forex market either way. As a result, it's better to focus on those books which are only related to crypto and those books could help a lot to learn trading about crypto-currency. On the other hand, OP can read those books of CMT if he/she wants to try all type of trading as an early learner to get some idea about those markets as well. TBH, try to select only one boat and sail on that. 
i believe that TA works in any market even the crypto market, idk what else I need in crypto trading? fundamental analysis? don't really like it
is it a good plan?
As cmt is non-profit organization of technical analysis, so it could be a great oppertunity for OP to read those books and give exam for the test. But it's related to technicial analysis which isn't only specific for crypto as it could for stock or forex market either way. As a result, it's better to focus on those books which are only related to crypto and those books could help a lot to learn trading about crypto-currency. On the other hand, OP can read those books of CMT if he/she wants to try all type of trading as an early learner to get some idea about those markets as well. TBH, try to select only one boat and sail on that. Before you used trading as a career, you need to learn more about trading and if you feel that you understand how to trade, you can try to trade in the recommended exchange but do not use too big money as a start because that will be too risky for you. You need to familiarize yourself with the exchange while you need to learn more about trading to get an experience to trade better. While your trading, you also need to control yourself because you will face an experience to see the price will jump fast or down fast, making you panic.
got it , are the books in the link good as a study plan for trading?
Before you used trading as a career, you need to learn more about trading and if you feel that you understand how to trade, you can try to trade in the recommended exchange but do not use too big money as a start because that will be too risky for you. You need to familiarize yourself with the exchange while you need to learn more about trading to get an experience to trade better. While your trading, you also need to control yourself because you will face an experience to see the price will jump fast or down fast, making you panic.
Whales are power to manipulate the market and it worth to read the article Art of Deception from Wolong. Crypto market is a good one to verify this game. Win or lose in the game rely on how you understand the game and be able to control your decisions.
Quote
“Majority believes that markets move randomly and reflect the collective wisdom of investors, the truth is quite the opposite. The invisible hand is a myth. Market prices has always been manipulated by the government’s visible hands through influencing laws and regulation. Insiders control markets and manipulate them up or down for profit. Manipulation is everywhere, undeniable and unavoidable. It happens on a very large scale throughout every single financial markets out there, stock, bonds, commodities, currencies and so forth.
There are other types of manipulation, such as social and news manipulation, hence I called it: The Game of Deception.
There are other types of manipulation, such as social and news manipulation, hence I called it: The Game of Deception.
It's a good "start".
Reading books and watching courses online is only a small part of the battle. You'll need experience to be able to continuously make profit from trading. By reading you will mostly learn about the theories and those theories don't work most of the times since the market movements are a lot more complicated than them. When you enter the cryptocurrency market things become even more complicated due to the high manipulation that no amount of studying could prepare you for them.
Reading books and watching courses online is only a small part of the battle. You'll need experience to be able to continuously make profit from trading. By reading you will mostly learn about the theories and those theories don't work most of the times since the market movements are a lot more complicated than them. When you enter the cryptocurrency market things become even more complicated due to the high manipulation that no amount of studying could prepare you for them.
is it a good plan?
What kind of trading do you want to learn? Is it stock, forex or crypto? To get it easily, you will need to first read about the 'rules of trading', this is what you can use search engine for, it is very important to know the rules for not to fomo and to be able to know how to manage your risk. If stock or forex trading, you can start with demo account, you can start with watching trading videos if crypto, there are a lot of videos available even for the three types of trading. Check the price history of all the cryptocurrencies you feel like trading, start with $10 per each trades for like 3 to 6 months, do not be greedy and be absolutely patient. You will learn, have experience and be able to know more about how to manage risks. 
To be good at trading, you have to go with it in a two-pronged approached and those prongs include acquiring knowledge and acquiring experience, in your case, you already have the first prong which you can still improve because learning never stops and knowledge is power as for the second prong which is acquiring experience, you have to get in the field and try to trade, go for smaller amounts of trade or practice in a simulation which is risk free.
i watched a couple of courses and read a couple of books, and I liked trading as a career and I want to solid my information and skills
I saw this article about which books you need for your CMT test, which I'm thinking of taking them as a study plan for my trading career
here are the books and the article
https://www.tradingsetupsreview.com/book-list-chartered-market-technicians-cmt/
, is it a good plan?
I saw this article about which books you need for your CMT test, which I'm thinking of taking them as a study plan for my trading career
here are the books and the article
https://www.tradingsetupsreview.com/book-list-chartered-market-technicians-cmt/
, is it a good plan?
Jump to: