Newbies that has interest in trading! - page 6.

freedomgo

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Quote from: Eildosa on April 20, 2019, 05:43:34 PM

This very well that people on this forum exchange knowledge and experience. Thank you for your contribution. I am also at the stage of learning to trade and therefore I was also interested to visit these sites.

You will really learn if you will also be more resourceful, the good thing in this era now is that things can be access for free and we can educate ourselves being a trader. I never have a formal training on online trading, but I believe I can prove I can also be profitable.
Learn and keep practicing, eventually you'll master it.

HellDiverUK

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Quote from: aervin11 on April 17, 2019, 10:36:30 PM

I also follow those websites you mention, though I am still learning to trade, first I think I need to fix my emotions, I trade so emotional I can't help it. Maybe you have some tips for me in order to apply what I have learned on TA.

Patience in trading is the key to success, we are required not to be too excited when there is an increase and do not panic when there is a drastic decline, sometimes we succeed if thinking upside down from most people.

Eildosa

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This very well that people on this forum exchange knowledge and experience. Thank you for your contribution. I am also at the stage of learning to trade and therefore I was also interested to visit these sites.

LogitechMouse

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Quote from: ?? on ??

How then can you work and be better with your emotions Huh

Controlling your emotions is important in trading. Don't let your emotions trade for you because the results will be in a loss. I think discipline and experience will help you control your emotions. If you are a newbie in trading then its normal that you let your emotions control you but time after time, you will just feel that you are emotionless already in trading. Learn also in different websites

edmundduke

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Oh one more thing that i forgot to add about trading. The thing you need to keep in mind when trading is that you are trading against other people, the money doesnt just appear, someone is actively trading against you. Psychology plays a huge role. Get to know the traders you trade against (social media, chat boxes etc), it can give you the edge you need

akram143

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Everyone had the ability to anything but we need to guide them properly while they are interested in this field it will be very useful for the development of cryptocurrency field so anyone can enter into the speed but doing the proper ways to get your experience and trade successfully is little bit tougher but at the end you can be easily made money in cryptocurrency trading.

finzyoj

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Quote from: arpon11 on April 17, 2019, 01:51:59 PM

Remember to demo trade first before putting really money.

Wait, so are you saying that you can have a trial on such sites to practice trading? That's cool! I will definitely screenshot your thread for reference. And I hope it wasn't difficult as rocket physics Lol. I guess better for me if I start studying now so that I can invest already after saving some money.

edmundduke

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Quote from: JohnBitCo on April 19, 2019, 11:39:12 PM

Quote from: bittraffic on April 19, 2019, 01:22:54 PM

Quote from: edmundduke on April 19, 2019, 12:56:42 PM

Quote from: moynul2050 on April 19, 2019, 12:05:20 PM

Quote from: arpon11 on April 18, 2019, 04:38:01 AM

Trading is not luck but carefully analysis and been smart enough to buy at the right time/price and been patient enough to hold till the market reach the pick. It is risky but you can still make money if you can buy now that the price is still very low and sell when it starts going up towards $20,000 or $30,0000.

analysis? in fact with various analyzes many people were destroyed by this year's trade.
in my opinion luck is also the most important factor in trading, because no matter how great someone's analysis will be very difficult to predict the current market.

Luck has a lot to do with it, that is true. But the overwhelming majority of a good traders success comes from hard work. Analysis of the market, the fundementals, being familiar with current events, news etc. Its a lot of work but can be extremely profitable

Crypto is very different from the FOREX and STOCKs, I have been trying to trade in crypto for quite awhile but I'm not really having much success unless the market is going in one trend just like what its currently doing. The market is climbing up daily and its easy to trade today than to trade few months ago when the trend is going down and sideways.

The two main difference between forex and crypto trading is that

1) In Forex there is less volatility and crypto is much more volatile.
2) Your portfolio can be zero in forex if you have big loss but in crypto the portfolio will never become zero and you can hold until the coins regain the value.

The first part is true but i will argue about teh second part. It is very possible that your "bag" can become worth essentially 0. To see proof of this all you need to do is look at how many de-listed scam coins there are. Those are all worth 0.
On top of all this, 99.95% of all crypto currencies are pure speculation based on hype and no product nor actual value. This makes it way more dangerous

senne

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Do paper trading extensively. Don't try to put real money even if it seems tempting. Get used to the market. There are many things that you won't notice while learning and demo trading. But when you put your own money, the picture becomes clear. With money, emotions too come in play and there's no place for emotions in trading. This is the biggest mistake done my newbie traders. You'll make loss in starting, but eventually you will gear up.

maydna

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Quote from: Kulkhan on April 20, 2019, 12:00:33 AM

I am a newbie. I want to trade in this Market. I want suggestion for tread. Which Exchange is best And which token or coin best such kind help i need.

You already see that many of us discuss the exchanges and I think you can have some idea to join in what exchanges. We recommend binance for new people because that site doesn't need to verify. But if you want to follow the procedure, then you can verify yourself in binance, and you can try to join in the other exchanges.

Bittrex and Poloniex are also the good exchanges, but those sites need verification so you can start to trade. So you already have three exchanges right now, and you can visit one by one of the exchange, and then you can decide on which exchange you want to trade. And if you don't have good skills in trading, perhaps, you should use the small balance to learn about trading.

Don't be afraid if you cannot make a profit because you are still new in trading. You should learn more about trading so you can make your first profit and you should improve your skills by reading, watching, and practicing trading. That will be a good suggestion for you right now.

Thanasis

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Quote from: Kulkhan on April 20, 2019, 12:00:33 AM

I am a newbie. I want to trade in this Market. I want suggestion for tread. Which Exchange is best And which token or coin best such kind help i need.

If you are going to ask everything to someone then don't expect to be a successful trader,you need to do some research on your own and pick a trading method based on your preference.For beginner day trading is not good to start with so be a short term or long term investor and the choose trading pair based on your capital and then finally pick the exchange.

gabmen

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Quote from: CodyAlfaridzi on April 20, 2019, 12:07:48 AM

Quote from: Kulkhan on April 20, 2019, 12:00:33 AM

I am a newbie. I want to trade in this Market. I want suggestion for tread. Which Exchange is best And which token or coin best such kind help i need.

There is no such thing as "best exchanger", it depends on what you want to trade on. Do you want to trade Bitcoin/USD? Altcoins? BTC/USD margin trading?

Anyway, you seem pretty clueless about trading. You better read and learn more before jumping straight to real money trading. The links given in OP are a good way to start.

Yeah dude, with how you formed the question, it seems it'll be better if you observe first and try to learn a little more before getting into your first trades. Good thing that your interest is there but people often lose that when they lose money so understand first and manage your expectations before you move to the specifics.

DoublerHunter

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Good job OP to the link that you have shared here I left you a small reward on your great work. The link was given by the OP is the best way to build knowledge on how to trade especially newbies that may learn at the basic move in trading. There is no perfect exchange site so if I were you focus on one and don't forget to gather from others review.

CodyAlfaridzi

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Quote from: Kulkhan on April 20, 2019, 12:00:33 AM

I am a newbie. I want to trade in this Market. I want suggestion for tread. Which Exchange is best And which token or coin best such kind help i need.

There is no such thing as "best exchanger", it depends on what you want to trade on. Do you want to trade Bitcoin/USD? Altcoins? BTC/USD margin trading?

Anyway, you seem pretty clueless about trading. You better read and learn more before jumping straight to real money trading. The links given in OP are a good way to start.

Kulkhan

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I am a newbie. I want to trade in this Market. I want suggestion for tread. Which Exchange is best And which token or coin best such kind help i need.

JohnBitCo

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Quote from: bittraffic on April 19, 2019, 01:22:54 PM

Quote from: edmundduke on April 19, 2019, 12:56:42 PM

Quote from: moynul2050 on April 19, 2019, 12:05:20 PM

Quote from: arpon11 on April 18, 2019, 04:38:01 AM

Trading is not luck but carefully analysis and been smart enough to buy at the right time/price and been patient enough to hold till the market reach the pick. It is risky but you can still make money if you can buy now that the price is still very low and sell when it starts going up towards $20,000 or $30,0000.

analysis? in fact with various analyzes many people were destroyed by this year's trade.
in my opinion luck is also the most important factor in trading, because no matter how great someone's analysis will be very difficult to predict the current market.

Luck has a lot to do with it, that is true. But the overwhelming majority of a good traders success comes from hard work. Analysis of the market, the fundementals, being familiar with current events, news etc. Its a lot of work but can be extremely profitable

Crypto is very different from the FOREX and STOCKs, I have been trying to trade in crypto for quite awhile but I'm not really having much success unless the market is going in one trend just like what its currently doing. The market is climbing up daily and its easy to trade today than to trade few months ago when the trend is going down and sideways.

The two main difference between forex and crypto trading is that

1) In Forex there is less volatility and crypto is much more volatile.
2) Your portfolio can be zero in forex if you have big loss but in crypto the portfolio will never become zero and you can hold until the coins regain the value.

thinkright

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Activity: 280

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I mostly download pdfs from a telegram channel which more focused on forex trading, however, haven reqd some of the books made it easier to make the transition to crypto trading. YouTube is also a good resourse to expand your knowledge in trading.

BeGoods

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Quote from: edmundduke on April 19, 2019, 12:56:42 PM

Quote from: moynul2050 on April 19, 2019, 12:05:20 PM

Quote from: arpon11 on April 18, 2019, 04:38:01 AM

Trading is not luck but carefully analysis and been smart enough to buy at the right time/price and been patient enough to hold till the market reach the pick. It is risky but you can still make money if you can buy now that the price is still very low and sell when it starts going up towards $20,000 or $30,0000.

analysis? in fact with various analyzes many people were destroyed by this year's trade.
in my opinion luck is also the most important factor in trading, because no matter how great someone's analysis will be very difficult to predict the current market.

Luck has a lot to do with it, that is true. But the overwhelming majority of a good traders success comes from hard work. Analysis of the market, the fundementals, being familiar with current events, news etc. Its a lot of work but can be extremely profitable

sometimes luck does give a role and often saves you from losses, but we cannot depend on luck, trading is not gambling.
so for newbies, learn, understand how to analyze, and research because it is far more important in trade

XbladedThanos

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Forex traders usually find Crypto alot easier and since they have been around the whole environment its a lot easier to get things started at a higher speed I just hope there is still opportunity for newbie traders with the current market

creeps

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Quote from: r1a2y3m4 on April 17, 2019, 04:53:55 PM

Thank you for these sites you gave us. I'll be quoting these websites for reference. Because I will study too Grin

Quote from: arpon11 on April 17, 2019, 01:51:59 PM

https://www.forexpeacearmy.com, https://forums.babypips.com, http://pumperspicks.com/ultimate-altcoin-buying-strategy/

That’s a good site to learn more about trading without spending much money. I’m also looking for this one where I can trade in real market with my demo account, this is going to be a great site for the newbies.

I believe more sites about trading are already there, so there’s no excuse for us not to improve are trading skills and if we really want to learn about it, then we should make ways to achieve this one. Your skill is important in trading, newbies should developed it.

Topic: Newbies that has interest in trading! - page 6. (Read 980 times)