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Topic: Is this a good plan for learning tradning ? - page 6. (Read 1820 times)

hero member
Activity: 2884
Merit: 612
From my perspective, I didn't good at trading few months back and some of my friends were almost expert in giving trading signal. They are getting got payment which attract me. So, I tried to learn from them and also research about trading few days then I started and till now experience is helping me everytime. So, I will suggest you to go for some research and try to learn it as early as possible. If you come first, you can make profit first if your strategy can work successfully. You may lose your funds too.

Experience is what allows us to learn and improve. The better we look at the depths of our experience, the fewer mistakes we make.
Therefore, it is extremely important to have as much experience as your own and someone else's.
You never get experience if you never tried to trade. And reading books, watching online tutorials, these things are not enough to educate us but to bring this into reality and applying all the knowledge we got from them in actual trading. In that time, we can figure out which one is effective and which one is not. Because what we have read and seen online, has a huge difference when doing it IRL.
sr. member
Activity: 1009
Merit: 328
From my perspective, I didn't good at trading few months back and some of my friends were almost expert in giving trading signal. They are getting got payment which attract me. So, I tried to learn from them and also research about trading few days then I started and till now experience is helping me everytime. So, I will suggest you to go for some research and try to learn it as early as possible. If you come first, you can make profit first if your strategy can work successfully. You may lose your funds too.

Experience is what allows us to learn and improve. The better we look at the depths of our experience, the fewer mistakes we make.
Therefore, it is extremely important to have as much experience as your own and someone else's.
there is a saying that experience is the best teacher. therefore in trading we will be faced with various situations to determine action, and I think trading cannot be learned only in theory, we must practice more to gain experience, so that both technique and psychology mature
You have a point mate theory is nothing when you do not do actual trading we need to act every theory to collect learnings and avoid some losses in the near future, if we dont loss we cannot become more matured on our decision, and I think all of the trader loss on thier learning stage some profit or capital in the early stage of thier trading career.
sr. member
Activity: 686
Merit: 252
www.cd3d.app
From my perspective, I didn't good at trading few months back and some of my friends were almost expert in giving trading signal. They are getting got payment which attract me. So, I tried to learn from them and also research about trading few days then I started and till now experience is helping me everytime. So, I will suggest you to go for some research and try to learn it as early as possible. If you come first, you can make profit first if your strategy can work successfully. You may lose your funds too.

Experience is what allows us to learn and improve. The better we look at the depths of our experience, the fewer mistakes we make.
Therefore, it is extremely important to have as much experience as your own and someone else's.
full member
Activity: 1358
Merit: 104
Exactly, It's a good plan for learning trading. You can learn trading in many ways.So Article books are very special to learn trading. When you want to trade then you need good experience about trading and also need to trading signal.Makes good plan and make good profit by trading.
hero member
Activity: 2702
Merit: 517
snip...

the two-pronged approach you mentioned is very valid. because as I know today there is no professional trader who is successful from the one-branch approach. but a bigger percentage is experience, because experience is usually run based on actions. maybe the experience should be improved
You would improved yourself through experience which does simply means that getting involvement or engaged into a particular things will really be molding you as a better one as the time goes by.

It isnt something that can be attained in a short span of time but it would take years for you to have some good grasp on any particular career. Learning is on the process as you go ahead and

making out plans is should really be in default rather than making out steps without proper basis or plans is just really like on making gambling.
As trading is not all about luck like what we did in gambling, it needs deep knowledge and skills. Because those who are in this field for many years hs still suffered mistakes and losses, that much more if you don't have anything.
Reading books as told by OP is one way to help us gain knowledge but we don't just stop reading only, we can gain more through experience and also to ask ideas from other traders.
member
Activity: 866
Merit: 10
its good to read books so that you can broaden your knowledge but also you need a mentor which is very important. you need to do more of practise and trade consistently. all this wont happen within a short while, you have to be persistent with it.
hero member
Activity: 2996
Merit: 609
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.
the two-pronged approach you mentioned is very valid. because as I know today there is no professional trader who is successful from the one-branch approach. but a bigger percentage is experience, because experience is usually run based on actions. maybe the experience should be improved
You would improved yourself through experience which does simply means that getting involvement or engaged into a particular things will really be molding you as a better one as the time goes by.

It isnt something that can be attained in a short span of time but it would take years for you to have some good grasp on any particular career. Learning is on the process as you go ahead and

making out plans is should really be in default rather than making out steps without proper basis or plans is just really like on making gambling.
jr. member
Activity: 1652
Merit: 3
You have to have knowledge about the main key players which are technicall analysis and the fundamentals .Try getting a demo account and practice what you have learned so as to have more experience and lastly get a proper risk management to avoid losing your capital.
full member
Activity: 733
Merit: 100
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.
the two-pronged approach you mentioned is very valid. because as I know today there is no professional trader who is successful from the one-branch approach. but a bigger percentage is experience, because experience is usually run based on actions. maybe the experience should be improved
sr. member
Activity: 840
Merit: 255
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Getting skill in exchanging must have fundamental information and those prongs incorporate procuring information and securing encounter,I think , you as of now have the get primary skills in trading which you'll be able still make strides since learning never stops and information is power as for the second prong which is procuring encounter, you've got to induce within the field and attempt to exchange, go for littler sums of exchange or hone in a recreation which is hazard free.
hero member
Activity: 2660
Merit: 608
Vave.com - Crypto Casino
My opinion is that the profession of a trader can be mastered only through practical application, theory is good, but without long experience in trading, not becoming a trader, the skills and thinking of a trader come only on the stock exchange, but not from books or magazines where the same theory is taught from experienced traders who have developed these same strategies on exchanges.
Theory and application must be tandem. Theory alone can exist but you'll have it as a theory and there will be no result upon doing so. I agree to you that it needs experience for doing it.
Because if you don't have one, you'll have hard time to think of the strategy and you can't improve any skill being a trader.
legendary
Activity: 2324
Merit: 1101
you need to learn to trade well before you can trade understand the trading signals of the market. Even if you often face a loss due to carelessness you have to try to recover it and move forward as planned great idea for planning business.
Being careless and then looking for fixing those mistakes to recover losses and then trading like professional is usual cycle of most traders. I mean no one is starting like pro traders in crypto space. Because, even people are gaining knowledge and experience in other trading environment, they are failing in crypto space because market volatility is highly different from other trading markets. So, you must need unique experience and knowledge to sustain in crypto trading. Yes, it is inevitable for every trader to go for those cycles of events.

I was into forex trading before still I am not actively trading in crypto space. I'm just holding are making long-term based trading alone which are more than enough for me to make more profits than what I was doing with forex trading.
sr. member
Activity: 1414
Merit: 326
This is a very good plan if you want to connect your life with trading. But you must remember that trading is hard and painstaking work. You will have to sit in front of monitors 24/7 to make good money.
Many consider trading to be easy money and end up paying very dearly for such an underestimation of this activity. Trading is a job for success in which you have to sacrifice a lot of time.
You must have to work hard in order to get what you want. Yes, it was risky, many were suffered losses due to carelessness and many were also in great returns. But upon all the success and winnings we got it is all because we are committed to doing the search, we develop our skills and knowledge before trading. And what had told to us are the things that we need to do, that just only a few things but it has big enough to help.
Yes, you need to learn to trade well before you can trade understand the trading signals of the market. Even if you often face a loss due to carelessness you have to try to recover it and move forward as planned great idea for planning business.
member
Activity: 938
Merit: 13
Tontogether | Save Smart & Win Big
My opinion is that the profession of a trader can be mastered only through practical application, theory is good, but without long experience in trading, not becoming a trader, the skills and thinking of a trader come only on the stock exchange, but not from books or magazines where the same theory is taught from experienced traders who have developed these same strategies on exchanges.
sr. member
Activity: 2338
Merit: 338
This is a very good plan if you want to connect your life with trading. But you must remember that trading is hard and painstaking work. You will have to sit in front of monitors 24/7 to make good money.
Many consider trading to be easy money and end up paying very dearly for such an underestimation of this activity. Trading is a job for success in which you have to sacrifice a lot of time.
You must have to work hard in order to get what you want. Yes, it was risky, many were suffered losses due to carelessness and many were also in great returns. But upon all the success and winnings we got it is all because we are committed to doing the search, we develop our skills and knowledge before trading. And what had told to us are the things that we need to do, that just only a few things but it has big enough to help.
copper member
Activity: 700
Merit: 120
Gamdom
From my perspective, I didn't good at trading few months back and some of my friends were almost expert in giving trading signal. They are getting got payment which attract me. So, I tried to learn from them and also research about trading few days then I started and till now experience is helping me everytime. So, I will suggest you to go for some research and try to learn it as early as possible. If you come first, you can make profit first if your strategy can work successfully. You may lose your funds too.
hero member
Activity: 2772
Merit: 576
read all the trading materials that you can learn from. Every knowledge that you'll get there will be helpful to you. Aside from reading and accumulating knowledge, you have to apply that in real trading.
I guess you're forgetting own intermediate step between learning and real trading.

That must be practicing in demo account.

Because without practice, entering into real trading will lead to big losses at any time. I mean just learning from books will not be enough for any trader but they must need real-time practice which is possible when we are making use of demo accounts.
Yes, thanks for adding demo accounts/virtual trading as a practice.

That's also a good step to apply those reading materials that a newbie has read and absorbed. He/she can check if those materials are helpful and effective to them.

I just missed this and wants to direct them in real trading.
hero member
Activity: 2268
Merit: 581
read all the trading materials that you can learn from. Every knowledge that you'll get there will be helpful to you. Aside from reading and accumulating knowledge, you have to apply that in real trading.
I guess you're forgetting own intermediate step between learning and real trading.

That must be practicing in demo account.

Because without practice, entering into real trading will lead to big losses at any time. I mean just learning from books will not be enough for any trader but they must need real-time practice which is possible when we are making use of demo accounts.
hero member
Activity: 2772
Merit: 576
It's a good plan, read all the trading materials that you can learn from. Every knowledge that you'll get there will be helpful to you. Aside from reading and accumulating knowledge, you have to apply that in real trading.

That's where the challenge will start and if you're going to keep going with it.
sr. member
Activity: 686
Merit: 252
www.cd3d.app
This is a very good plan if you want to connect your life with trading. But you must remember that trading is hard and painstaking work. You will have to sit in front of monitors 24/7 to make good money.
Many consider trading to be easy money and end up paying very dearly for such an underestimation of this activity. Trading is a job for success in which you have to sacrifice a lot of time.
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