Learning to trade - page 3. | Bitcointalksearch.org

Karmakid

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Quote from: Natalim on January 16, 2020, 04:47:21 AM

Quote from: ?? on ??

Finding a legit information is one of the hardest part for those traders who want to study and to get advance. There are fake information all over the internet and there are only legit gurus that giving legit information. I learn to trade when by watching in youtube and also by reading blogs in the internet about trading but experience is really the best key in order to learn how to trade.

We definitely don't need to rely people for our faith in trading, it's not automatic that we succeed right away but we will be there if we have the passion.
When I started trading, I made a lot of mistakes but that makes me learn and be more matured, my advise is just do the right money management as that will keep you survive in the game.

Right money management and also mastering the patterns and trading with the trend is the key to success in trading. If you have all of those things then you don't need to worry about your results because it will be more on a successful trade than a losing one. If you do not have all of those things then you should start from the basic first up to the advance level so you will have a concrete base of learning.

Natalim

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BTC to the MOON in 2019

Quote from: ?? on ??

Finding a legit information is one of the hardest part for those traders who want to study and to get advance. There are fake information all over the internet and there are only legit gurus that giving legit information. I learn to trade when by watching in youtube and also by reading blogs in the internet about trading but experience is really the best key in order to learn how to trade.

We definitely don't need to rely people for our faith in trading, it's not automatic that we succeed right away but we will be there if we have the passion.
When I started trading, I made a lot of mistakes but that makes me learn and be more matured, my advise is just do the right money management as that will keep you survive in the game.

DigiFinex-ellen

newbie

Activity: 8

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With every new skill learned, comes practice. Why not try investing in something small before investing in bigger ones?
When you practice on smaller currencies or even prototypes, you can learn and observe how trading works. doing your own market/trends research is also very important as the market can always be changing.

Once you are experienced with how things work, you have already mastered the skill of observing market patterns, you can start investing in bigger currencies. This way, you wouldn't have to worry about big losses!

You can also check out this link:https://www.digifinex.com/en-ww/listing/apply
to find out how you can start small through a community.

Hope this helps.

cheers

janggernaut

legendary

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Quote from: hahay on January 14, 2020, 06:01:22 PM

When the price becomes very low or the market is bearish it will be better for you to look for other alternatives because trading when the market is bearish must at least use higher capital than usual because at the same time the increase will not be too high and the decline will at least become larger and very worrying about.

When market on bearish, you should add or buy more promising coin before market got bullish again. Trade for short time isn't recommended on that time, go for longer one would be better though. Anyway we are on bullish market right now, almost all coins are increasing

hahay

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When the price becomes very low or the market is bearish it will be better for you to look for other alternatives because trading when the market is bearish must at least use higher capital than usual because at the same time the increase will not be too high and the decline will at least become larger and very worrying about.

supercanada1

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Quote from: chip1994 on January 11, 2020, 03:07:04 AM

Quote from: tungaqhd on January 11, 2020, 12:01:40 AM

Quote from: Jagaban15 on June 23, 2018, 02:07:38 AM

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

You need to choose right time to jump into the market, if the price drops, you should hold it. You should also have your own strategy and follow it.

we will say very easy but doing it is very difficult. These nonsense sentences appear a lot to those who do not want to help newbie. What he needs is the source of his psychology for successful trading. he is also losing his orientation due to the great fluctuations. You should give him a plan and your direction when trading, so that he can learn from you and gain more experience. I just want to contribute my opinion.

I will support you in this regard and your anger is justified. New traders come here to find authentic information, rather than going through general sentences which most of them already know. They want proper guidance, proper plans and directions like names of exchanges they shall use and trading bots or trading forums or YouTube videos which can support their trading in real means.

pajak666

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Quote from: Jagaban15 on June 23, 2018, 02:07:38 AM

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

Give yourself a favor and find a nice weekend worth of time, comfortable couch/chair, a proper drink and enjoy a book. Forget about the get rich quick schemes and automated strategies from the internet and focus on basics of trading by some classic authors. Do a research, search for phrases like "best trading books", check the authors, read a little about them and pick your first "mentor". Read the book, make notes, try to apply to your trades. Read another publication and repeat the process. After you have read 3-4 books, preferably 1 or 2 written by some other people to get different perspective, you should have an idea of what kind of trading you want to do at this point. Practice this for a while, check your results and then dive into 2nd phase and read everything you can and try to see a bigger picture of the whole thing. After 2-3 years you will see some nice progress Cheesy

chip1994

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HEX: Longer pays better

Quote from: tungaqhd on January 11, 2020, 12:01:40 AM

Quote from: Jagaban15 on June 23, 2018, 02:07:38 AM

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

You need to choose right time to jump into the market, if the price drops, you should hold it. You should also have your own strategy and follow it.

we will say very easy but doing it is very difficult. These nonsense sentences appear a lot to those who do not want to help newbie. What he needs is the source of his psychology for successful trading. he is also losing his orientation due to the great fluctuations. You should give him a plan and your direction when trading, so that he can learn from you and gain more experience. I just want to contribute my opinion.

Pamadar

legendary

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Quote from: crossabdd on January 10, 2020, 10:23:08 PM

trade when the bearish market is not making big profit targets. but making a target trade by scalping. I suggest trading on BTC / USDT. because it's safer than altcoin. if you feel that everything is negative. resting is a good thing. and start again tomorrow. because negative circumstances largely affect our emotions.

Indeed. If you are into scalping and you feel that you are not that good with waiting, better to use USDT/BTC pairs and set your stop and loss position.
Small movements will impact your position and if you able to manage to anticipate the trend then your profits will be rewarded.
Not an easy task but possible if you work deeply in how this industry can help you to earn decent profits.

tungaqhd

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Quote from: Jagaban15 on June 23, 2018, 02:07:38 AM

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

You need to choose right time to jump into the market, if the price drops, you should hold it. You should also have your own strategy and follow it.

crossabdd

legendary

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trade when the bearish market is not making big profit targets. but making a target trade by scalping. I suggest trading on BTC / USDT. because it's safer than altcoin. if you feel that everything is negative. resting is a good thing. and start again tomorrow. because negative circumstances largely affect our emotions.

AakZaki

legendary

Activity: 2338

Merit: 1084

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Quote from: Bitburn Token [BTU] on January 05, 2020, 01:28:09 PM

Also to add.
You need to have some real experience. For this, use a little amount which you can afford to lose. And trade until you have completely lost it. Of course it’s all only to become more experienced.
And only then will you become a really tough trader.

If trading requires loss, why should we trade? it's better to just sleep. to become experienced, you don't have to lose your trade. maybe it's better to save money first and then learn to understand everything related to the trade itself, such as learning to understand indicators and the potential of coins to be traded to experienced people. then practice it yourself, but remember not to lose. if it's not possible don't force it to happen worse and go back to study again.

an example which I often do when trading, I use the RSI or CCI indicator every time I open a position and use a short 30Minute time frame, when the RSI has reached overbought or oversold.

like I did before when RSI has reached overbought, I trade short futures on binance. less than an hour I get 45% then I close it. because my important principle is not to lose, the profit problem is only a bonus.

JessicaVL

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Quote from: Jagaban15 on June 23, 2018, 02:07:38 AM

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

A great way to improve your trading is by learning from more experienced traders than yourself. eToro has a great feature called the copy trader feature that lets you mirror more experienced traders at just the click of a button.

Darooghe

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Quote from: Jagaban15 on June 23, 2018, 02:07:38 AM

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

For one, understand you cannot win every trade but strive to won't 40%+ when starting. Understand stop losses. If you trade on exchanges with just limit and market move to swing trading. Ideally you want to limit each trade to under 5% of your day trade portion. Understand buy and sell ladders. Set price targets, take profits sooner rather than later. Don't trade low volume coins, stick to higher volume at least 200+ btc. Don't rely solely on one indicator or candlesticks alone. RSI and MACD are useful for entry exits. Never try to trade multiple coins at once.

Cacingkemi

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Quote from: KnightElite on January 06, 2020, 06:45:53 AM

Quote from: iv4n on January 06, 2020, 06:08:32 AM

Anyone can learn to trade, there are basic stuff, how to register on exchange, how to set up buy/sell orders, it's easy to learn. With some little capital you can introduce yourself with all that and maybe to even make some profit. What is important, I always say ask yourself what you have, what you can offer, how much money you have, free time and your goals.
Anyone can be amateur trader, to buy whenever and simply to wait for price to rise and then to sell. Without cutting loses, some times your trades will last for weeks, months, but in the end bitcoin always bounce back.
If you wish to be a professional trader, then before everything think about investing in your knowledge, buy some material, attend some seminars, find some coach that will teach you and pay for few classes.

Trading is not easy stuff to learn especially for those new people in the market who want to learn trading. Information and knowledge is in everywhere but the right information and knowledge is hard to find. I became a trader in just 6 months but the 6 months are not yet enough and it is the reason why I keep studying in order for me to become a better trader.

but sometimes the trade information that we get from various experts or various sources certainly does not fully make us a professional trader if we do not directly practice the trade that we will do. no matter how much capital we will spend, the most important thing is to keep trying and learning to understand market price movements when wanting to make a sale or purchase. and even though a beginner is still an amateur in trading, of course he will be proficient by himself if he continues to practice and is able to have focus and patience in trading.

KnightElite

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Quote from: iv4n on January 06, 2020, 06:08:32 AM

Anyone can learn to trade, there are basic stuff, how to register on exchange, how to set up buy/sell orders, it's easy to learn. With some little capital you can introduce yourself with all that and maybe to even make some profit. What is important, I always say ask yourself what you have, what you can offer, how much money you have, free time and your goals.
Anyone can be amateur trader, to buy whenever and simply to wait for price to rise and then to sell. Without cutting loses, some times your trades will last for weeks, months, but in the end bitcoin always bounce back.
If you wish to be a professional trader, then before everything think about investing in your knowledge, buy some material, attend some seminars, find some coach that will teach you and pay for few classes.

Trading is not easy stuff to learn especially for those new people in the market who want to learn trading. Information and knowledge is in everywhere but the right information and knowledge is hard to find. I became a trader in just 6 months but the 6 months are not yet enough and it is the reason why I keep studying in order for me to become a better trader.

iv4n

legendary

Activity: 3248

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Anyone can learn to trade, there are basic stuff, how to register on exchange, how to set up buy/sell orders, it's easy to learn. With some little capital you can introduce yourself with all that and maybe to even make some profit. What is important, I always say ask yourself what you have, what you can offer, how much money you have, free time and your goals.
Anyone can be amateur trader, to buy whenever and simply to wait for price to rise and then to sell. Without cutting loses, some times your trades will last for weeks, months, but in the end bitcoin always bounce back.
If you wish to be a professional trader, then before everything think about investing in your knowledge, buy some material, attend some seminars, find some coach that will teach you and pay for few classes.

Bitburn Token [BTU]

copper member

Activity: 4

Merit: 0

Also to add.
You need to have some real experience. For this, use a little amount which you can afford to lose. And trade until you have completely lost it. Of course it’s all only to become more experienced.
And only then will you become a really tough trader.

Bitburn Token [BTU]

copper member

Activity: 4

Merit: 0

You have to admit that you may never become a perfect trader. But nevertheless, you must always learn about crypto and all that is behind it (technology, finance etc). Your knowledge is your power.
If you are not good enough, mostly trade large-cap cryptos, and avoid messing with shitcoins too often.
Remember that crypto is highly volatile. All you have to do is choose a good moment to buy, and a good moment to sell.
Remember that trading is very competitive, there are many very pro traders (are you one of them already?). Don't be impatient, instead hodl for as long time as it may take. And also, don't be greedy, instead wait for a good moment to catch your profit and run away.

CarnagexD

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Quote from: anxenial on January 04, 2020, 05:37:22 AM

Quote from: TitanGEL on January 01, 2020, 06:55:16 AM

Quote from: StephenieDuong on January 01, 2020, 02:41:40 AM

You have to write down every trade you have make and analyze how you lose or win. Learning from your experience and combine it with trading lesson is the best way to improve your trading skill. If you still not confidence with your skill, then keep trading with small order and when your win rate become higher, you can start to trade bigger.

That's what you called journalizing, recording our past trades can help us to identify what should we focus in order for us to have an improvement. We will not become a better trader if we are just buying and selling without traidng plan and also trading journal. It is part of the process in order for us to become a better teader where we can lessen the losses that we keep experiencing. Every professional trader are newbies before, they became professional because they enhanced their skills and they study hard.

I think its good also practicing in DEMO account while studying specific financial vehicle. Do fundamental and technical analysis for 1 trading pair and learn its characteristic. Focus on 1 trading strategy first, I suggest price action with support and resistance then record and analyze every executed trades.

Numerous tips had already been provided by people around here, but I want to share a piece of advice to a fellow trader like you. First thing is to master the trading strategy you make, double-check it, and perfect any flaws you find in your strategy that you think will give you more revenue, it's better to do something you're comfortable than jump into another tactic only to fail horribly, every mistake's a lesson but every mistake is also money lost so we got to be careful around here.

Topic: Learning to trade - page 3. (Read 18591 times)