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Topic: Learning the Market - page 6. (Read 640 times)

newbie
Activity: 154
Merit: 0
January 11, 2018, 06:54:18 PM
#26
The problem with crypto market is that when you understand something, it's already obsolete Sad
The best way is to focus on some basic principle that don't change, and try to apply them at the different situations.
jr. member
Activity: 41
Merit: 1
January 10, 2018, 06:08:39 AM
#25
It's very difficult to understand what works and what doesn't, as in crypto we don't have enough historical data to analyze.
Btw, I think that with good technical tools and strategies we can take better that by  instinct.
Although difficult, but must be studied, so we can really understand the market, because if we just rely on the same instinct as gambling, because in gambling nothing can be learned, all rely on luck.

True words, just to gamble might work, but mostly it does not (from past experience), I also think to learn about what are you investing in is the best option. It cost time, but its time well
invested if you want to make real money.

full member
Activity: 784
Merit: 100
January 10, 2018, 05:56:19 AM
#24
It's very difficult to understand what works and what doesn't, as in crypto we don't have enough historical data to analyze.
Btw, I think that with good technical tools and strategies we can take better that by  instinct.
Although difficult, but must be studied, so we can really understand the market, because if we just rely on the same instinct as gambling, because in gambling nothing can be learned, all rely on luck.
jr. member
Activity: 210
Merit: 1
OMNITY Knowledge, connected
January 10, 2018, 05:27:22 AM
#23
It's very difficult to understand what works and what doesn't, as in crypto we don't have enough historical data to analyze.
Btw, I think that with good technical tools and strategies we can take better that by  instinct.
full member
Activity: 168
Merit: 101
January 09, 2018, 04:31:44 PM
#22
Besides understanding how the market works,crypto traders have several tools to assess the cryptocurrency market. One of them is an approach known as Technical Analysis. Using this method, traders can get a better understanding of the market sentiment and isolate significant trends in the market. This data can be used to make more educated predictions and wiser trades.
Tech analysis considers the history of a coin with price charts and trading volumes, no matter what the coin or project does. As opposed to technical analysis, fundamental analysis is more focused on establishing if a coin is over or under valued. A wilder research and reading about trade chart plus online courses in trading will boost your knowledge.
member
Activity: 182
Merit: 14
January 09, 2018, 03:54:38 PM
#21
You must try to understand how the market is functioning. Investors are the ones who are deciding about the fate of the particular coin. Without the investors, the coins are ending in a demise. Try to analyze the charts, make thorough researches, gather knowledge that is needed for the full understanding of the market. You can compare the crypto market to the stock market. The difference between these 2 is the group of the people that are holding the shares of the specific coin. Crypto market has the tremendous group of the coin holders and the fluctuations are happening every minute. Coinmarketcap is the good place to start gathering the knowledge about the charts. Try to virtually do the trades with the piece of the paper and no investment and when you get good at it then it is time to start with the trades.
jr. member
Activity: 41
Merit: 1
January 09, 2018, 03:41:09 PM
#20
I am also just getting started. Friend did with a group at work and they are all quite successful. He recommended video about bitcoin by discovery channel on youtube and after watching Ian Ballina videos about ICO. He is big Neo and Ethereum fan.
member
Activity: 140
Merit: 10
January 09, 2018, 03:27:59 PM
#19
Try to follow which coins have news items on coin calendars.

Apart from that it is trading like anything else, if you need help with that maybe order some books about trading
full member
Activity: 276
Merit: 103
Join FlipNpik Telegram : t.me/flipnpikico
January 09, 2018, 03:22:30 PM
#18
Just wondering if there's any resources to learn the market. I have babypips. Just didn't know if there were much better resources to learn how to watch charts, notice signs, or anything informative.

Is learning waves and what not even useful in the crypto world?

Thanks ahead of time. Will donate some xvg for helpful info!!

Just don't want to scroll through 1000s of coins so any help is appreciated!

I don't know any great resources specifically for the crypto world, there's probably not too many as it's such a new industry. But anything on trading stocks or forex will still apply to a good extent.
full member
Activity: 280
Merit: 152
January 09, 2018, 03:22:08 PM
#17
follow some twitter og's that are showing pretty good technical analysis skills, many of them are publishing their charts, also on youtube you can find a ton of videos for stock or the crypto markets, to learn how markets work...i can recommend you following chris dunn on youtube
full member
Activity: 252
Merit: 100
January 09, 2018, 03:17:56 PM
#16
Yes, learning technical analysis is actually great for crypto. Infact it works best here in my opinion. Also babypips is a great source for learning. I think before you put your own money, try paper trading, and do not get carried away and try your hand on margin, that is how most people get rekt.
full member
Activity: 476
Merit: 104
Decentralized global citizen and crypto-preneur
January 09, 2018, 03:12:03 PM
#15
All those technical analysis that rule in the forex and stock trading market don't really work in the crypto market. If you can devote time to research all the coins in the market and the team behind every project, follow news on product launches,  partnerships and major events that affect market movement, I think you will know the market better and faster.
member
Activity: 182
Merit: 10
January 09, 2018, 01:21:49 PM
#14
Just wondering if there's any resources to learn the market. I have babypips. Just didn't know if there were much better resources to learn how to watch charts, notice signs, or anything informative.

Is learning waves and what not even useful in the crypto world?

Thanks ahead of time. Will donate some xvg for helpful info!!

Just don't want to scroll through 1000s of coins so any help is appreciated!
You can try investopedia,a lot of newbies started there and come up to be a good trader today,you can also use youtube for more detailed tutorials.
member
Activity: 186
Merit: 10
January 09, 2018, 01:16:14 PM
#13
Cryptocurrency is a completely new domain, and it seems that usual analysis don't work.
So, a good part of take good decisions is to start to identify the patterns that seem to bring to a grow.
brand new
Activity: 0
Merit: 0
January 06, 2018, 07:44:36 PM
#12
An important thing to learn if you plan on day trading or swing trading is how whales can control prices with pumps and dumps.
member
Activity: 328
Merit: 39
January 06, 2018, 08:14:13 PM
#12
Cryptomarket is so new and so crazy that we all are tray to understand what works and what doesn't.
Btw - I've a long practice of forex, with good results - I think that the laws of trading are the same, so with good technical tools and strategy wi can master the market a little better that by gut or instinct.
hero member
Activity: 728
Merit: 1006
BountyPortal Supporter & Hhampuz is my manager
January 06, 2018, 07:41:07 PM
#11
Just wondering if there's any resources to learn the market. I have babypips. Just didn't know if there were much better resources to learn how to watch charts, notice signs, or anything informative.
I think you just focus to what some coin you like, and find some information about that coins.
Like when that coin is "born", what price when they born, and what actual price for now....

If you wanna try learn with all coins, it will be make you waste your life.
sr. member
Activity: 1020
Merit: 391
January 06, 2018, 06:22:56 PM
#10
Just wondering if there's any resources to learn the market. I have babypips. Just didn't know if there were much better resources to learn how to watch charts, notice signs, or anything informative.

Is learning waves and what not even useful in the crypto world?

Thanks ahead of time. Will donate some xvg for helpful info!!

Just don't want to scroll through 1000s of coins so any help is appreciated!

In your case the time of maturity can help you, study technical and fundamentalist analysis, try putting your knowledge into practice, we have to learn to surf in the wave, not to swim against. You can not forget the fundamental, every coin has to have a purpose.
sr. member
Activity: 448
Merit: 250
Stake & Vote or Become a IoTeX Delegate!
January 06, 2018, 06:09:05 PM
#9
The answer is simple -> No resources -> No signals - privileged information - updates.

If you really want to have some "privileged information" just like you are saying in there, then the only thing that you can do is just pay a subscription to one of those telegram groups who are always pumping and dumping.

if you want to learn, or just to receive some tips, just follow the crypto's guru's on twitter,it is simple as that.

Just wondering if there's any resources to learn the market. I have babypips. Just didn't know if there were much better resources to learn how to watch charts, notice signs, or anything informative.
sr. member
Activity: 742
Merit: 253
January 06, 2018, 05:49:19 PM
#8
I think crypto market is a little different, you have to keep an eye more on news and fundamentsls, also keep an eye on market cap, volume and trend and you can make good money.
this is the way most beginners do. but this is indeed the best way to start learning the crypto market. crypto market is controlled by investors. and where they enter simultaneously to one coin where the coin will increase its volume so that the price will grow fast
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