Need help trading. | Bitcointalksearch.org

Natsuu

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Quote from: bettercrypto on May 04, 2024, 07:15:22 AM

Quote from: Bch219 on March 03, 2024, 09:19:51 AM

how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

Don't do it first; do day trading instead of long-term holding first.

It would take you so much time as possible until you are ready. And in order for you to easily and read the market faster, it is a good advice to learn in lower time frame and trade the intraday trading. Because in that time frame, candles are way faster, price action can be identified way easier. So the phase of learning can be shorten. Once you grasp the technical analysis, then you master yourself with dealing your psychology. Trading is an infinite rabbit hole. And the only success you can have is to have a goal to improve daily. While learning, instead of sitting your $500 somewhere, you can also just buy and hold some crypto in the midst of your learning.

bettercrypto

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Quote from: Bch219 on March 03, 2024, 09:19:51 AM

As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.

I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

The amount of $500 is a large amount to start trading. but if you don't have an idea about trading and you want to immediately use it to invest in crypto, you will put your $500 that you started OP at a bit of a risk.

Now, if you can't stop yourself, it's better to invest it in Bitcoin first or other top altcoins like Bnb, Eth, Tao, Sol, and others, as long as it's in the top 10 while you study trading first. Don't do it first; do day trading instead of long-term holding first.

Essential10

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Quote from: B2Z on April 30, 2024, 02:10:28 PM

You need to have a good understanding of the trade before you trade. If you don't have enough knowledge about the trade, then you won't get much success. Before you trade, you must have a plan. It is very hasty to invest, so long-term planning must be done in trade. In trading, if we can trade with patience and long-term plan after checking the market, we can definitely get great success through this trade.

Of course, one must have a proper understanding of the trade before trading. When I talk about trade I am reminded of a saying "A little knowledge is very dangerous". Most of the new traders I have seen jump into the trading industry with very little knowledge. Maybe at first they trade two-one trade success feels great, but from then on his real downfall begins. Due to lack of experience, proper analysis, at some point they lose all their money. Trading cannot be learned quickly, you must learn about trading with a lot of analysis, time and patience. Once you can master these in yourself then you will start to get success.

Mehedi72

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Op i think $500 good amount for beginners but i don't suggest risking your fund in trading cause trading is so uncertain and unpredictable. And spot might be okey but don't go to other trading like future trading, copy trading until you gain the proper knowledge and skills about trading. Besides don't buy paid signals. Nothing is 100% guaranteed. Rather you might be get scam and also loss in trading by following their signal. There are no lack of Learning source. Search on YouTube and Google, analysis yourself. Then you'll understand what to do. But don't go immediate action after watching any trading video

Russlenat

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Quote from: Negotiation on April 13, 2024, 09:21:17 PM

Quote from: Bch219 on March 03, 2024, 09:19:51 AM

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

If you are brand new then I would say before starting trading you should know trading well for few months and keep practicing trading. In particular, many platforms offer demo trading so you can practice them, or start trading with a very small amount, such as $10-$20, and keep practicing. To be honest, it is very difficult to get good at trading platform without long practice, one thing but many people don't realize that is why we often face big losses.

To be honest, one should not rush into trading without learning the basics first. Trading is more risky than mere investing, so if you jump into trading without acquiring knowledge and even doing some demo trading, expect that you will get doomed in your live trading and all your time and money will only go into waste. This is the reason why we should not trade unless we are ready and capable enough mentally and emotionally.

GeorgeJohn

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Quote from: Patrol69 on March 03, 2024, 09:37:50 PM

You have saved $500 and you must have some important reason behind this saving. You may have saved $500 with the plan that when you save $500 you will start trading with that $500. $500 is enough to start but before starting you need to study enough about trading. Then since you are a student you have to manage this trading along with your studies. What time you are free and what time trading will not affect your studies badly you take that time. You can take out the remaining time and study about trading during that time and then you can trade during that time. However, in the case of trading, there are some basic things to know.

as a student you don't need to venture into trading because trading needs a concentration and as a student you also need a concentration and if you lack a concentration in your studies that will make you not to make an excellent result in your studies and if you lack concentration in your trading school you will not know the scopes of trading, so this is the things that is involve in trading, as a student you have a work load when you carry out the two activities at same time, so my own advice is that we don't needs carry two functions at a time.

B2Z

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You need to have a good understanding of the trade before you trade. If you don't have enough knowledge about the trade, then you won't get much success. Before you trade, you must have a plan. It is very hasty to invest, so long-term planning must be done in trade. In trading, if we can trade with patience and long-term plan after checking the market, we can definitely get great success through this trade.

lixer

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Quote from: MiF on April 25, 2024, 05:55:38 AM

Quote from: Bch219 on March 03, 2024, 09:19:51 AM

As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.

I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.

Why begin when you don't even know where to start? On one hand, you are saying that it is risky, and then you are saying one should begin even if they don't know anything at all only to increase the risks involved because one would lose money if they start trading when they don't know anything.

So, the first step for someone getting into trading should be to learn about trading and the market in general so that when they start trading, they know and understand everything and don't make reckless trades and lose their money.

They should even test their skills and knowledge using demo accounts before they start making trades with actual money.

Bushdark

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The only way one could gain or become expertise in trading is by trading and using a good strategies that would yield goodnight come.
We need to be wise and do things in a way that would helpful to make money in the market especially learning more to better in tradimga ma analysing the cryptocurrency market. Sometimes the fundamentals of trading is very important for us to make money without going too hard or taking more efforts to make money.

justdimin

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Quote from: CageMabok on April 25, 2024, 06:43:01 AM

Quote from: MiF on April 25, 2024, 05:55:38 AM

It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.

In general, trading has become an activity for many people nowadays and in any condition, but if trading in the crypto market, of course there must be special education that we seek ourselves through any social media so that we can be well directed when we want to try it. Because when we know the risks in trading on the crypto market, of course we will not do anything in a hurry or delay doing it for a moment before we get the right instructions for it. And this is also part of the process that every trader must go through if they want to become more successful through their trading.

We could basically say that people are actually seeing it something as a hobby. I mean think about it, what do we not spend hundred bucks on? There are a lot of people who spend a lot of money on a lot of things and what we do right now is that we just take it and use that money as a hobby and if we do end up making more money than we end up trading even more and consider that as something awesome, if we do end up losing then that is like 2-3 nights out with friends, or a cheap shoe price to be fair.

This is why a lot of people got into bitcoin and trading, they realized that there isn't really a big downside. Obviously there are also a lot of people who end up with a lot of money and put all of that at leverage or something and lose a lot of their hard earned money, that is definitely troublesome and I believe that it is not easy to recover from that, but that is for all the people who consider that as a business, I am talking about hobbyist traders, we have millions of that.

CageMabok

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Quote from: MiF on April 25, 2024, 05:55:38 AM

It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.

In general, trading has become an activity for many people nowadays and in any condition, but if trading in the crypto market, of course there must be special education that we seek ourselves through any social media so that we can be well directed when we want to try it. Because when we know the risks in trading on the crypto market, of course we will not do anything in a hurry or delay doing it for a moment before we get the right instructions for it. And this is also part of the process that every trader must go through if they want to become more successful through their trading.

MiF

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Quote from: Bch219 on March 03, 2024, 09:19:51 AM

As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.

I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.

Sebas.tian

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Quote from: Patrol69

You have saved $500 and you must have some important reason behind this saving. You may have saved $500 with the plan that when you save $500 you will start trading with that $500. $500 is enough to start but before starting you need to study enough about trading. Then since you are a student you have to manage this trading along with your studies. What time you are free and what time trading will not affect your studies badly you take that time. You can take out the remaining time and study about trading during that time and then you can trade during that time. However, in the case of trading, there are some basic things to know.

I don't think, $500 is a small capital compared to amount of capital I used to start my trading some years ago and it has make my plan to come to reality, because it has exposed me to so many things that made me not to miss any opportunity in every bullish market, which is the best market traders use to accumulate income. Be a student or entrepreneur, if you have the knowledge about cryptocurrency trading and you believe that you can use this capital to generate huge amount of income that will make you to create other businesses you have for mind to create, I think you will definitely achieve them from this capital but it will not going to be one day or one year. I know many students who is using cryptocurrency trading to sponsor themselves in the school, because they have time for trading and school and they are enjoying their trading.

Natsuu

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Quote from: Volimack on April 17, 2024, 09:08:33 AM

Before trading you should know about trading if you don't know its basics you will lose money by trading. To know about the charts of the market. If you have no experience it is best to avoid trading during important news releases as there is a high probability that the market will be very volatile at that time. You should also consider learning about basic risk management techniques as they will help you avoid losses.

Yes basic knowledge and understanding how the market works is the number one essential in trading. Otherwise you are just gambling your money in every investment or trading decisions you make. After that have a partner or a mentor to speed up your process not because you need a 100% win rate of strategy but you need a circle where you allow yourself to grow with mentally, psychology, and by measuring risks.

You cannot skip the process. You need to get through the ups and downs of trading and be resilience with it.

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Quote from: Volimack on April 17, 2024, 09:08:33 AM

Before trading you should know about trading if you don't know its basics you will lose money by trading. To know about the charts of the market. If you have no experience it is best to avoid trading during important news releases as there is a high probability that the market will be very volatile at that time. You should also consider learning about basic risk management techniques as they will help you avoid losses.

Bitcoin had a quick crash to $59,600 because of the news from the ongoing war but it had recovered and now trading at $64,150. Beginners that do not know how to confirm if a crash will continue going down or it will recover would had sold and those that did not buy would had missed the opportunity to make some profits. If you don't know how to analyze the market yet, do not start trading or you will always lose because the cryptocurrency market is very manipulated and highly volatile. Manipulation is what is making the price of Bitcoin to mostly stay unstable. There are times when there's no news either bad or good to affect the market but yet you will still see the price being volatile and that is when big whales are manipulating the market to make big gains. Therefore wait until you can be able to understand the market before starting to trade.

Finestream

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Quote from: jrrsparkles on April 13, 2024, 12:58:45 PM

Starting trading in your beginning of crypto career is not recommended either, I would suggest you to buy Bitcoin for $500 and meanwhile start learning about trading on the YouTube like platforms and there are also trading courses available on Udemy which can give you brief knowledge but you will learn the real things when you actually starts doing it on your own.

Good luck...

Trading is more risky for a beginner in crypto. Instead, I will suggest you to start buying and hodling with a minimal amount. That will be more fit for you, as it’s less risky and less stressful. And as you go on learning the basics in investing bitcoin, slowly you will start to grasp the idea about trading with bitcoin. Don’t rush into trading, just take your time learning first all the basics and observe how those successful traders succeed in the market despite of its volatility and uncertainty. I know there’s always a perfect time to trade, that is when you get sufficient knowledge and skills with bitcoin prior to trading.

ancafe

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Quote from: Bch219 on March 03, 2024, 09:19:51 AM

I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

It is too risky to be directly involved in trading because if you don't have the right knowledge it can actually result in losses. Some people have advised you to find out how you should learn to understand first before directly trading. But for me the most important thing is that you have to have a mentor who can direct your trading to be better. Learning without a mentor can indeed be done and there are many videos made by people as trading guides, but not everyone understands trading well without involving a reliable mentor.

If you are serious about learning to trade then look for clearer sources or you can find out about trading through skilled people. Practicing trading skills is not easy because you have to be serious about learning first before directly trading with limited knowledge. So be careful in trading when you don't understand how to do it correctly.

Jewan420

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Quote from: Bch219 on March 03, 2024, 09:19:51 AM

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

Learning is always best from teachers. Knowledge obtained from the internet will never make you proficient. Crypto trading is very risky business, trading without skill will be foolish and you can lose everything.

You can get advice from this forum, but you can't gain skills or knowledge from here. There are many skilled and experienced people who are more knowledgeable about trading, They can advise you on how to become a skilled trader, but they cannot make you a skilled trader.

In this case, you must approach a skilled trader and learn from him or gather all the trading information.

Volimack

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Before trading you should know about trading if you don't know its basics you will lose money by trading. To know about the charts of the market. If you have no experience it is best to avoid trading during important news releases as there is a high probability that the market will be very volatile at that time. You should also consider learning about basic risk management techniques as they will help you avoid losses.

Hypnosis00

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Quote from: Natsuu on April 14, 2024, 03:44:53 PM

Quote from: ?? on ??

My advice would be to prioritize education over immediate gains.

I agree with this. And if you just want an exposure with the markets and experience trading. You don't need to risk real money. Start on paper trading first. When you have a foundation of how market books price, then you can start with 10 dollars with the smallest leverage possible and work within your psychology. Start thinking long term because trading is a long game.

Don't chase money because the more you chase it the faster it will run away from you. Also, don't follow people on social media who make unrealistic return. You only see winners in there and they hide their losses. Instead focus on your own development. Have a journal. Don't measure yourself against other people success in trading because you have a very different and unique journey.

We can have all the learnings as we continue trading because reading books and watching online tutorials are not enough to provide us with good knowledge and aside from that, skills can't be built instantly but it takes time to develop. So Patience is very important in trading and so those who are willing to wait will remain but those who can't will simply move away and find comfort with the other field.

That is only a few traders found good in trading while many are suffering big losses. We can't underestimate the volatility of the market which is why we have to be more careful on our actions and decision-making.

Topic: Need help trading. (Read 1054 times)