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Topic: Learn more about trading - page 7. (Read 1082 times)

full member
Activity: 1050
Merit: 100
October 14, 2021, 09:17:42 AM
#66
there are so many things to learn but I think the most important thing is the emotional self. yes, controlling yourself not to be greedy in taking profits is the most difficult thing to deal with because if you can't control your emotions properly in trading there will be very many mistakes that will happen.
The emotional self will always be at ourselves, but if we can prevent that, we will control ourselves and profit at the right time. We need to always learn about trading because the market will constantly change and if we do not learn, we can miss the moment to make a profit. If we can master one or more indicators that will help us analyze, it will give us a chance to select the right coin to trade.
Emotional control is very difficult for me, until now I still repeat the same mistakes sometimes, so sometimes I often blame myself, but what I experienced after that was silence and clearing my mind, so after that I just went back to the market and made a note in my book that repeating the same mistakes, so that later try not to happen again
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
October 14, 2021, 06:02:09 AM
#65
there are so many things to learn but I think the most important thing is the emotional self. yes, controlling yourself not to be greedy in taking profits is the most difficult thing to deal with because if you can't control your emotions properly in trading there will be very many mistakes that will happen.
The emotional self will always be at ourselves, but if we can prevent that, we will control ourselves and profit at the right time. We need to always learn about trading because the market will constantly change and if we do not learn, we can miss the moment to make a profit. If we can master one or more indicators that will help us analyze, it will give us a chance to select the right coin to trade.
legendary
Activity: 2660
Merit: 1074
October 14, 2021, 05:45:21 AM
#64
there are so many things to learn but I think the most important thing is the emotional self. yes, controlling yourself not to be greedy in taking profits is the most difficult thing to deal with because if you can't control your emotions properly in trading there will be very many mistakes that will happen.
Emotional aspects of trading cannot be learnt but it needs to be realized on real time but we can learn to avoid emotional situations so that we can skip emotional failures while trading. It means only through experiences, we could tackle the dangers of emotional aspects of trading and not just by learning from books or by listening to other's stories. Being greedy or aggressive may work one or two times but for all other ninety eight times definitely will lead to big losses. But, sticking with our pre-planned goals and action steps will help us to slowly achieve our dreams of trading.
member
Activity: 658
Merit: 11
CRYPTO WEB3 NEOBANK
October 14, 2021, 03:54:16 AM
#63
there are so many things to learn but I think the most important thing is the emotional self. yes, controlling yourself not to be greedy in taking profits is the most difficult thing to deal with because if you can't control your emotions properly in trading there will be very many mistakes that will happen.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
October 13, 2021, 11:33:10 PM
#62
With the internet, it is easier for us to find the information we need, including finding ways to learn about trading. If we type keywords in the google search engine, lots of articles will appear that explain how to trade correctly.
The most common saying of "too much of anything, good for nothing" is too appropriate here. Yeah, we do get lots of articles but a beginner just need one or two effective ones alone. When you do not have a mentor then probably you will get stuck with highly marketed and affiliate-links filled one rather than one simple and effective article. Internet is full of commercial; we must need real life exposure to filter it out.

Even in this forum there are many experienced members sharing their tips to
become a successful trader. As long as we have a strong desire to learn to trade, I believe we can become successful traders.
Yeah, there are many highly useful topics on technical analysis and on risk management. I guess, compared to google search, this forum search definitely will get more effective contents to anyone to get start with.
sr. member
Activity: 1666
Merit: 268
October 13, 2021, 05:39:53 PM
#61
What are some of the best ways to learn more about trading?

There is a lot of way on how to trade you can search it on Google or you can ask your friends who already knows about it. A proper trading strategy involves careful calculations with precise entry and exit points. A moving average (MA) is a technical indicator used to smooth out price data on various assets. You can also learn everything here in the furom just don't rush it and you'll be good.

With the internet, it is easier for us to find the information we need, including finding ways to learn about trading. If we type keywords in the google
search engine, lots of articles will appear that explain how to trade correctly. We can also watch videos on the YouTube platform, because there is
a lot of content that explains how to make money through trading. Even in this forum there are many experienced members sharing their tips to
become a successful trader. As long as we have a strong desire to learn to trade, I believe we can become successful traders.
legendary
Activity: 2534
Merit: 1338
October 13, 2021, 05:20:10 PM
#60
For me, the best option for learning and understanding the market was the demo account of the Amarkets company. I consider this option to be the simplest and most profitable for a trader.
After practicing on demo the next step is start trading with a small fund like $100 or any amount of money he can afford to lose, this is necessary to have a feel of live trading which is absolutely different from demo trading, though he might be profitable in demo trading but live trading is different ball game, once he is earning a considerable amount of profits consistently then he can increase the funds, bear in mind to achieve that feat requires a lot of learning, practicing and monitoring charts, which can span a lot of time.
This is the correct way to go about this, it may seem as an approach that it is too cautious but we need to understand the nature of trading, in almost any other activity that you want to learn the consequences of making a mistake are insignificant and as such you do not have to think too much about the mistakes that you make, but in trading a single mistake can be enough to destroy your financial future and as such we need to begin our journey with baby steps and only once we have shown to ourselves we can deal with the risks of trading then we can begin to use the majority of our capital.
legendary
Activity: 3052
Merit: 1188
October 11, 2021, 03:33:30 PM
#59
All the things are needed I think it has been said already but to ask you OP, are ready to face the consequences? If you're not, I think you should have to address this first before going to start trading. You can learn more if you trade more, what I mean is that we need more experience and possible losses before we fully understand trading. Yes, learning trading is costly, and be sure that you have the money that you never regret whatever happens.
This is 100% true. If you are used to and expecting something then you would know that crypto trading is not all puppies and shines. I met someone a week ago, he turned 10k dollars into 2 million dollars, and he honestly says he wished he didn't got into it at all. He wasn't sure about buying a car or getting into crypto and for the past 2.5 years he has been trading daily, he lost his job and a bit later pandemic happened so he used the money he had to live and meanwhile turned it into 2 million dollars at the same time.

He assumed the money part would make it worth it, which is the only good part and he said he is super happy about it, but even with money that hard work and constant studying and the stress he had tire him down so much that the moment he reached 2 million dollars he quit trading right away, he hasn't traded for 3 months now and he says he will never come back. Imagine a stress so much that someone who turned 10k dollars into 2 million dollars literally quit because of it, he could have been so much richer yet he just decided it doesn't worth it.
hero member
Activity: 2828
Merit: 518
October 11, 2021, 09:13:53 AM
#58
All the things are needed I think it has been said already but to ask you OP, are ready to face the consequences? If you're not, I think you should have to address this first before going to start trading. You can learn more if you trade more, what I mean is that we need more experience and possible losses before we fully understand trading. Yes, learning trading is costly, and be sure that you have the money that you never regret whatever happens.
MiF
sr. member
Activity: 1442
Merit: 258
Reward: 10M Shen (Approx. 5000 BNB) Bounty
October 11, 2021, 09:00:53 AM
#57
What are some of the best ways to learn more about trading?

There is a lot of way on how to trade you can search it on Google or you can ask your friends who already knows about it. A proper trading strategy involves careful calculations with precise entry and exit points. A moving average (MA) is a technical indicator used to smooth out price data on various assets. You can also learn everything here in the furom just don't rush it and you'll be good.
legendary
Activity: 2506
Merit: 1394
October 11, 2021, 08:31:39 AM
#56
I'll drop one of the best ways to learn too.
Applying your learnings is always a good move to test if you are really learning.
Using demo trading platform or testnets, is always good, there are some exchanges now have available testnet or demo for trading with no real money involved,
You can try bitmex testnet: https://testnet.bitmex.com/
or Bybit testnet: https://testnet.bybit.com/
sr. member
Activity: 2842
Merit: 326
Vave.com - Crypto Casino
October 11, 2021, 08:04:17 AM
#55
For me, the best option for learning and understanding the market was the demo account of the Amarkets company. I consider this option to be the simplest and most profitable for a trader.
After practicing on demo the next step is start trading with a small fund like $100 or any amount of money he can afford to lose, this is necessary to have a feel of live trading which is absolutely different from demo trading, though he might be profitable in demo trading but live trading is different ball game, once he is earning a considerable amount of profits consistently then he can increase the funds, bear in mind to achieve that feat requires a lot of learning, practicing and monitoring charts, which can span a lot of time.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
October 11, 2021, 07:32:31 AM
#54
What are some of the best ways to learn more about trading?
I started with https://www.babypips.com/. Don't day it's a forex teaching site alone. Technically speaking, forex and cryptos have the same pattern of indicators running through them to guage the market. Choose fewer indicators so as to keep your charts clear and simple and make sure they're leading indicators, not lagging. Then move to YouTube to watch other traders do their thing, and you learn from them. YouTube is enriched with trading videos. Whatever you do whenever you commence trading, don't pick many tokens to trade at once. It distracts. Choose Bitcoin first and then you may gradually add other pairs with time.
full member
Activity: 630
Merit: 100
October 11, 2021, 06:38:56 AM
#53
It is important to understand Cryptocurrency market and how dynamic the market is.  Learning basic language of traders and trading discussions is basic for the newbies. You should understand short position,  long position,  shorting,  longing,  resistance,  support  etc.  These vocabulary will help you to copy trade and understand what is been said!
sr. member
Activity: 1204
Merit: 272
1xbit.com
October 11, 2021, 03:49:37 AM
#52
What are some of the best ways to learn more about trading?


I really appreciate your courage as a newbie to ask that you frankly need to learn trading.
It’s really shows your positive attitude to learn something new.
So first of all the best way to learn trading is observing.
Observe great traders, see when they buy how much quantity they buy and when they sell.
Once you feel confident enough start with small amount and buy coins and feel the market.
Then choose the best coins to invest once you get enough knowledge of the calls and invest.
Hope this helps you .
member
Activity: 812
Merit: 53
October 11, 2021, 02:17:04 AM
#51
Youtube is the best way of learning knowledge without any cost. So, if anyone want to increase their knowledge in any field then they use youtube. Youtube is consists of lot of knowledge and its totally free. You can learn technical and fundamental course analysis from youtube.  These two are the most important things in trading. And you can also learn about the risk management is trading.
legendary
Activity: 2534
Merit: 1338
October 10, 2021, 03:05:44 PM
#50
The same way you learn about literally anything else. Read and do research a lot, and of course, nothing beats actually trying out indicators and strategies yourself hands-on. Of course, you don't necessarily need to risk money immediately. You can use platforms like eToro that has virtual trading features.
This, I do no know where people get the idea that somehow you can learn about anything by doing nothing or that it will simply come naturally to you, even those people that we call talented at an activity have limited potential unless they polish that talent through hard work and study, and the same is true when it comes to trading, anyone that wants to become really good at it has no other option but to read many books and try all kind of strategies before they even dare to trade the markets.
full member
Activity: 1526
Merit: 111
Pepemo.vip
October 08, 2021, 08:14:27 AM
#49
My experience for you is that before investing in an altcoin go to their Telegram social network and check if it works properly. Then go to the website to check the reliability as well as the project roadmap is correct or not>?
Not just that but an extensive research on the team and at the same time, they also need to make sure that the hype on the altcoin is still somewhat alive or something like that.

That's true, reading the roadmap alone is not enough  you need to go extensive research such as existing project or similar to that, look if they are active or any promotions or listing they are doing and the most important one is to understand what their project is by reading their whitepaper. The roadmap is just a rough time plan about their project.
on the other hand, we have to understand the developer behind the project. with a good track record, then at least the project is worthy of being invested or traded while waiting for the price to pump. but we really have to be observant to do research, because this is very risky, otherwise we can trade on major coins which are purely for short-term trading using technical analysis, I think it's enough
full member
Activity: 966
Merit: 102
October 08, 2021, 06:20:37 AM
#48
My experience for you is that before investing in an altcoin go to their Telegram social network and check if it works properly. Then go to the website to check the reliability as well as the project roadmap is correct or not>?
Not just that but an extensive research on the team and at the same time, they also need to make sure that the hype on the altcoin is still somewhat alive or something like that.

That's true, reading the roadmap alone is not enough  you need to go extensive research such as existing project or similar to that, look if they are active or any promotions or listing they are doing and the most important one is to understand what their project is by reading their whitepaper. The roadmap is just a rough time plan about their project.
full member
Activity: 868
Merit: 150
★Bitvest.io★ Play Plinko or Invest!
October 08, 2021, 06:01:17 AM
#47
My experience for you is that before investing in an altcoin go to their Telegram social network and check if it works properly. Then go to the website to check the reliability as well as the project roadmap is correct or not>?
Not just that but an extensive research on the team and at the same time, they also need to make sure that the hype on the altcoin is still somewhat alive or something like that.
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