Topic: Learning to trade - page 13. (Read 18613 times)

You would not have been able to use stop loss since you said it yourself that you were trading blindly. The truth remains that if you are trading a market without a strategy, then you are just gambling. A lot of people do not see it that way, but that is the truth.

It is not just about buying as you should be able to ask yourself, why do I want to buy and does it goes according to my strategy? And the same thing applies to when you want to sell and when you want to stop loss as well. It is a lot of things to take in, but that is where learning and building up your experience and confidence comes in.

Experience is not the only way forward; neither should it even be the first step any new trader should make. A lot of people have ended up coming with this mindset that if only they can at least, hit the chart, start trading with so little, they can end up building up experience, but in reality, you will only keep trading with small, losing it, adding more to it, until you end up losing everything and nothing changes.

This is why learning is a very important aspect for anyone who wants to trade. Learn the basics, build on a strategy, and then gain confidence. It is not a day's job as it takes gradual steps to get there and those who are always in a rush usually get frustrated at the end so fast.

If you ain't good in this bearish market is good you stay off it or better still take some class online regarding how to trade in bearish market which I know it's risky to your small Capital. I started like you but found out that Cryptocurrency as a whole has different side of making money out of it.

Hello. I want to tell you today about the ABCC exchange. This exchange has all the prerequisites to become the stock exchange number one!
This exchange pays users a percentage of the profits for transactions, you can just trade and make a profit in the current AT. The system is called Trade-to-Mine. Also, you can simply keep stock tokens on a stock exchange purse and will also profit from commissions. You pay daily. But the first payment is only seven days after the tokens are withheld.
There is a Bounty program for the exchange community.
The interface of the exchange is simple and convenient. The main part of the stock exchange is a large number of alcocamines. Also there is a very generous referral program. Users receive a percentage even for referrals of the second tribe.
You can just go to the site of the https://abcc.com exchange and see for yourself the amount of the daily payment. This can be seen right on the first page of the stock exchange's website.
The exchange token named AT has a huge potential for growth. Now the price of the token is only about 75 US cents.
There is also a mobile application. You can trade directly directly from your gadget.
Attach more likely the quantity of the registered people on a stock exchange grows with geometrical progression. Token AT will only go up.

As it was asked before — what about your strategy? As I'm not aware of your trading style, the only thing that I can do is to recommend a place for trading or buying. For example, I use CEX for trading and buying coins 'cause this exchange allows using cards which simplifies the process.

I believe these tips from Cryptopotato may help you: https://cryptopotato.com/8-must-read-tips-trading-bitcoin-altcoins/.

I can see myself to you when I was new here In forum and together practice trading with bitcoin and altcoins as well. I all allone learn from crypto trading through watching sample videos and read some Important topic here In the forum. And now I can say, I'm quite good In trading, but Im still looking forward for those more experts In cryptos.

at the moment isnt a good way to do trades, users might have disadvantage that can cause losses.,market situation is unhealthy there bothing pump happing right now so its hard for a newbie to analize what to do whether to sell or not. I advice on you to buy an akrcoins for bow and hold. for a begginers like you practicing now cant help, traders which has a highly experienced and knowledge can flow the rythm of buy and sell....

Yes you are right, your experience by trading in the market either you lose or earn profit is one of the best way to become successful someday and that is the reason why you should pursue cryptocurrency.

Have lost a lot of money trading blindly, not taking profits and entering wrongly, not even using stop loss was a disaster, honestly I learnt the hard way, but I have improved

Successful traders takes ample time to hone their skills. Trading skills is not something that happen overnight, you need to be persistent with it. Personally, my experience in this space has shown me that TA and FA aren't enough to be make successful trading rather I'll say you should watch out for news. News (hype) influence this space alot.

U like the fact that you are interested in trading cryptocurrency and you also like to improve on your trading. Patience is virtue you need to learn and have in cryptocurrency,  no matter how good you are at trading if you don't apply patience,  you may continue to lose!

   
Learning to trade
June 23, 2018, 06:07:38 AM
Reply with quote  +Merit  #1
I have been learning how to trade btc and altcoins by myself and having my experiences. I read online articles on trading signals and what to watch out for.  I've made some profits and lost a good deal.  Good thing I started with very little capital. Right now everything looks so negative especially as btc went so bearish.

I need advice on how to improve my trading because I really want to do this Angry

Learning is really not hard for those people who are really eager to learn with proper motivation and determination.I suggest to start trading with a small capital so you won't be frustrated if ever something went wrong in the end.Mistakes normally occured for traders,you just have to learn from it and apply the lessons in your next trading.And as much as possible,trade only for profits and not with your personal emotions.

Learning to trade is not that hard you just need to watch some video and understand it, now if you understand it and know what to do then you can do the trading. If you will trade you need to monitor the price if you want to earn a passive income, but if you do not have any time and you just do the trading with your free time then you can do long term trading. In long term trading you just need to set your order book and you will wait if there is someone who will buy your coin.

Have you thought about trying depth chart analysis? I discovered it recently and it allows you to view short-term sentiment and momentum, and then trade off it. I am now making 1-2% consistently on the majority of my trades, getting in and out quickly. Losses are contained when the market moves against you.

The discord community I learned this from are great. Check it out: Join Voodoo Crypto Discord

Any questions, let me know!

Right.A good trader knows how to make profit whether the price of bitcoin is in upward or downward trend.You need to have a close monitoring on the price chart so you will have an idea where the price will go.Keep on learning bitcoin and the things associated in it so you will find more ways how to make your trading more successful.

That would be the worst advice? Why would someone who knows nothing about the trading market rush into botting? They probably will end up messing and losing everything. Let them learn first how to trade. Let them execute the trades first. Then they can set up the bots to do it automatically. At least they will know whats going on and will be able to utilize the bots at its best.

Trading in times like this when price of Bitcoin moves most of the times sideways is hard for traders. But for those are very much familiar with trading in Cryptos, they know what to do and its not to stay away from trading to avoid further loses but to trade with caution and using trading tools to check the current trend and where the price is heading. Learn to read those charts and learn how to use it.

New tips for the people who keep asking that how they should learn the crypto currency trading : They should start using the bots straight away because if they cant go over the internet and learn the trading by themselves instead of asking the questions here then there is no point in that question. Just help yourself with a bot which will get you some good trades done all the time and you can have happy trades periodically. You just need to buy license from the trusted sources and then you can trade whenever you want.