Learning to trade - page 4. | Bitcointalksearch.org

anxenial

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Quote from: TitanGEL on January 01, 2020, 05:55:16 AM

Quote from: StephenieDuong on January 01, 2020, 01:41:40 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.

Triffin

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Quote from: MRY on December 31, 2019, 12:26:02 AM

for now it might be very difficult to trade because the market conditions are very bad and unprofitable, if you want to trade then you must be careful and use a good strategy with coins that have good moves to be able to get a profit

Yes that’s true yet it is not time to trade but we need to learn it no matter from where but the best thing is to learn from real site. Learning is the most sensitive part of trading as if you met wrong people and they give you wrong information then you can lose all your money so keep learning as trading is wide web so the more you learn so the more you will be safe, we can use Google and YouTube for learning about trading.

Negotiation

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Quote from: MCJamison1987 on July 01, 2018, 04:07:53 PM

look for the demo trading and join the telegram group.
most of the live updates will be posted there

I agree with you because most of the updated information we get through the Telegram Group. Also to be successful in trading the token or currency you invest in must be thoroughly verified and control your emotions Do not be discouraged if everything else is downhill.

TitanGEL

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Quote from: StephenieDuong on January 01, 2020, 01:41:40 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.

Barbut

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Quote from: tambok on January 01, 2020, 01:47:31 AM

Quote from: StephenieDuong on January 01, 2020, 01:41:40 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.

Exactly, let's manager our fund wisely and our time, make sure that we have listed everything that we are trading, and if possible write down the TA that you used on it, so you can check and analyze more once your TA has not been good, or the price moved on different direction, so make sure that know and better to familiarize trading and different strategies.

You can write it down, or you can set up your spreadsheet. You can find good examples of how others did it and to start from there. Keeping the track of your trading gains and losses will help you to be successful, you will be able to see how well you follow your strategies and also you will be able to improve your trading skills if you see that something is not going right.

tambok

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Quote from: StephenieDuong on January 01, 2020, 01:41:40 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.

Exactly, let's manager our fund wisely and our time, make sure that we have listed everything that we are trading, and if possible write down the TA that you used on it, so you can check and analyze more once your TA has not been good, or the price moved on different direction, so make sure that know and better to familiarize trading and different strategies.

StephenieDuong

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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.

bitzizzix

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Quote from: bitbunnny on December 31, 2019, 11:10:14 AM

Quote from: enwi on December 29, 2019, 11:53:17 PM

actually, experience is the best teacher to learn trading, what must be done is to observe the movement of coins in the market then try to trade with a small capital first, if you already know how it works then you can with large capital to be able to get great results too

That is true, your own experiences will teach you best how to trade. Also, I would say that we never stop learning how to trade because there is always something new and we always buildi our knowledge.
Getting information, making analysis, studying the market that is continuous process that in trading repeats all the time and always helps you to be better trader.

Actually it is enough to only have basic knowledge about trading and then you have to experience it directly, because by experiencing it directly you will know and understand the risks and how to trade properly.
and it will be a valuable experience because you experience it directly and while trading you can while learning and improving it.

bitbunnny

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Quote from: enwi on December 29, 2019, 11:53:17 PM

actually, experience is the best teacher to learn trading, what must be done is to observe the movement of coins in the market then try to trade with a small capital first, if you already know how it works then you can with large capital to be able to get great results too

That is true, your own experiences will teach you best how to trade. Also, I would say that we never stop learning how to trade because there is always something new and we always buildi our knowledge.
Getting information, making analysis, studying the market that is continuous process that in trading repeats all the time and always helps you to be better trader.

Wipeout2097

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Quote from: Jagaban15 on June 23, 2018, 01:07:38 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

Without learning the earning is quite difficult,Education is necessary to get in the trading.Knowing about the charts and indicators helping out in confident trading.
Proper research and awareness about the market also matters in trading,When market is overbought and when was oversold helpful to take decisions of buying and selling.

Beside all,overcome on emotions is also skill for professional traders to handle any situation.

Edraket31

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Quote from: Savemore on December 30, 2019, 01:30:17 AM

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.

The old trading books from the experts are one of the good ways by reading and applying it to your daily trade, I still find the old book as more detailed and accurate but of course we should also consider those who are new experts as they are also giving some hints and information that can help us, bottom line is never stop learning.

skiorf

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Quote from: MRY on December 31, 2019, 12:26:02 AM

for now it might be very difficult to trade because the market conditions are very bad and unprofitable, if you want to trade then you must be careful and use a good strategy with coins that have good moves to be able to get a profit

I think your assumption is not entirely correct, because in my opinion the current price of bitcoin has begun to recover and is not entirely bad as you say. so in my opinion the OP just needs to learn more to determine when the right time to buy and sell. because in my opinion every time the price of bitcoin is changing, and if someone has the ability to trade, I'm sure you can benefit anytime.

MRY

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for now it might be very difficult to trade because the market conditions are very bad and unprofitable, if you want to trade then you must be careful and use a good strategy with coins that have good moves to be able to get a profit

huige007

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Quote from: AakZaki on December 30, 2019, 10:12:30 AM

When I first learned about trading, I always applied a number of things to the following

Know yourself
Do what we understand
Choosing the right time when trading
Study the market, understand the technical factors of prices and fundamentals
Prioritize money management to minimize losses
As a trader must be able to hold emotions

Image Source: Livecoinwatch.com

You have successfully I believe enlisted all the required factors that has to be considered by a trader to make some money and carry out productive trading. But I have more emphasis on two points i.e. knowing technical things about market and having good control over emotions. These are basically the areas where majority of traders struggle. They are unable to understand market trends properly.

AakZaki

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When I first learned about trading, I always applied a number of things to the following

Know yourself
Do what we understand
Choosing the right time when trading
Study the market, understand the technical factors of prices and fundamentals
Prioritize money management to minimize losses
As a trader must be able to hold emotions

Image Source: Livecoinwatch.com

Savemore

sr. member

Activity: 952

Merit: 274

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.

Btc_1856

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Activity: 1540

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Quote from: enwi on December 29, 2019, 11:53:17 PM

actually, experience is the best teacher to learn trading, what must be done is to observe the movement of coins in the market then try to trade with a small capital first, if you already know how it works then you can with large capital to be able to get great results too

The experience will help us to learn the new techniques about when to enter the market. A trader will always follow different techniques profits, but every time the market situation is not the same, so always try with small capital and it will help us to understand the market situations.

DevilSlayer

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Quote from: enwi on December 29, 2019, 11:53:17 PM

actually, experience is the best teacher to learn trading, what must be done is to observe the movement of coins in the market then try to trade with a small capital first, if you already know how it works then you can with large capital to be able to get great results too

All of us can learn from experience because we are used to see how the market works. We cannot become a profitable in a short period of time, it will take months and years in order to become a trader who fully understand the market. As a trader, we should always allocate mots of time in backtesting and also improving our knowledge and skills in order to become profitable trader.

enwi

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actually, experience is the best teacher to learn trading, what must be done is to observe the movement of coins in the market then try to trade with a small capital first, if you already know how it works then you can with large capital to be able to get great results too

Meowth05

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Quote from: Jagaban15 on June 23, 2018, 01:07:38 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

I think you have already know what the beginners must do and I think that is good. Perhaps, you need more experience and keep learning. Our current knowledge is not enough there's a lot of new things appeared or discovered that is why we need to be updated and learn new things. Regarding the current state of Bitcoin, I think there's nothing we can do about it but to wait until the market goes into our favour.

Topic: Learning to trade - page 4. (Read 18613 times)