Topic: Quick way to learn bitcoin trading (Read 936 times)

Even if you say that you have a background in finance, it is not a basis for you to immediately understand what industry you are entering. Why do you think you can immediately understand Bitcoin and cryptocurrency in just one day and the trading part of this business industry?

Do you think that there is a shortcut so that you can immediately learn what's in it? In 15 years of Bitcoin, I have never seen anyone learn the things that are there in a short time. Go ahead and try to learn them in a short time, and let us know what you learned in this field right away in the crypto space. Let's see how much knowledge you have adopted immediately.

People tend to overlook the fact that there is more to trading than meets the ears. It surpasses our comprehension. Prior to acquiring anything else, you must acquire knowledge. To ensure that the knowledge you have learned sticks, you should apply what you are learning in real-world situations. And as everyone knows, strength comes from knowledge, and possessing it makes one unstoppable.

Even if you are doing theory mix it up with a little bit of practical, that way you will learn better. And if you don't want to read then you watch videos on YouTube. Shortcut will only lead to more problems. The best thing is to aviod looking for shortcut.

That's right. There is no quick way to learn anything that has an extensive background or a lot of stuff to be learned, and trading is one of those things where a person will need to have a lot of knowledge before they can enter the market and start trading. A lot of people, especially newbies, tend to try and make it into the market very quickly so that they can start earning money as soon as possible but they are not doing it the right way.

If you rush into the market without enough knowledge about the market or the trading practices, you will not earn money but instead you will lose your capital by making wrong trades, and no one in my opinion would want to lose their hard-earned money like that, so one should be careful about what steps they take first.

Trading requires a lot of skills before you can think of investing your capital into it, because if you fail to practice to achieve all those skills on how to trade in the market to make a passive income that will increase your mind to remain in the trading you will not go far in trading.If you are the type of trader that focus on only videos and theory alone to learn trading, you will lack so many things that will make you not to be bold in your trading, because you are not attaching practical aspects to your learning which is the most easiest way to catch up on time in your crypto trading. Ensure you use small amount of capital to try your crypto trading on exchanges market so that you can see it physical and feel the result that will going to come out after the trading, I believe it will boost your confidence in day trading or long term trading in the market.

The fast way of learning are worth it at times because it teaches you somethings in a quicker way and not wasting your time with some things that mightn't be necessary in this century. Your teacher can use video graphics to teach you how to trade and you'll understand what he's teaching with ease. When you learn like this you'll learn faster or quicker but you're not using a short cut. Shortcut isn't a good idea because the shortcuts wouldn't teach your experience that you'll need when you start trading by yourself without the audience of your mentor anymore. Shortcut might just be giving you signals and you'll be making profits therefore not remembering that you're not the one trading but only getting trade calls that you can't learn from when you don't get them right and won't be around forever.

Yup, it is the experience that will only be able to give us a lesson along with that will also tell us about what should be done and what should be avoided in trading or anything else you do in life, meaning that obviously there is no short learning that can give you the results you want, because of course you have to go through all the processes first, and this also confirms and also becomes a reason that successful people are those who must have experienced a lot of failures in the process because it is the incident that gives them knowledge about what should be avoided next.

Everyone has their own way and process in terms of achieving success, meaning that you will not be able to achieve success by copying other people's ways because everyone has a different mindset and point of view - different when experiencing an event where the mindset will make everyone make different decisions to continue, and this is also the reason why sometimes other people can achieve success in a different period of time than other people, like for example you are able to achieve success by undergoing a 5-year process but other people may have achieved success in a lower period of time or even longer than you in any field whether it is trading or other fields, this is why we must go through the process independently and not always depend on others which is because you are the one who will experience and feel the process.

     I totally agree with what you said—that there is no shortcut to learning about Bitcoin and trading. Because this is a vast matter if we only know it fully. It takes time to learn these things.

First of all, you should learn about Bitcoin; it's easy to do that, but it's difficult to learn trading; that's a broad matter; there's no shortcut there;
you won't be able to understand trading in just 1 week or 1 month, so it's more. It is very stupid that others will say that he only learned trading in 1 month; it is not like that.

Everything on this world or something that you are rushing up to learn is something that would really be just that only creating that kind of tons of mistakes. This isnt really just that limited on trading but also in other things
in life on where you would really be needing up to learn up things on slowly but consistent manner. You cant really just that make yourself that learn up trading on easy or short term period.
You would really be that definitely be able to make yourself that needing to experience up those things along the way because other learnings cant really be obtained through reading up others experiences but rather you would really be needing to experience for  yourself so that you would really be able to learn up along the way and this is something you should really be putting up into your mind.
Dont make yourself that too confident on learning it on a short time, disasters and losing money is something that could make your realize.

Everything is always about the process of moving forward or developing a little more, everyone will only be able to gain knowledge from learning gradually and slowly, so of course there is no such thing as learning instantly and immediately knowing everything, that is impossible in any case and not in just the world of trading. Lessons are experiences, or what this means is that someone will only be able to gain knowledge from experience about events they have experienced, such as experiencing a loss because they were too hasty in making a decision, which means this situation teaches you a lesson not to trade in a hurry.

The book will only give you some basic theories which sometimes don't really fit with what happens in the market but at least it can help you and increase your knowledge of the basic understanding of a market, because you will only be able to know about the characteristics of the market along with its fluctuations. the price that occurs in the market when you have started entering the actual trade. And yes, it can be confirmed that short learning in trading will only make you or lead you to a greater possibility of loss because a lack of knowledge can increase the possibility of loss.

I don't advise newbie traders to go in a way to "quickly" learn to trade. Don't do so, there's no shortcut to learning. There could be fast track way of learning but it will not be worth it because you'll still go through with the conventional way of learning how to trade including the experience that you'll have with it.

Start out with the theoretical way through reading those academies or books about the basic but the process of learning is much with the actual process of doing it.

There's no shortcut with that, you can shortcut the theoretical and reading but when you get into trading, if you wanna do the shortcut then you're more prone to losing.

True and this is a fact that most beginners who have just come they see the world of trading as an intermediary or a quick way to become rich instantly, even though logically there is nothing instant in anything especially if we talk in terms of changing the fate of life. It is certain that there are some beginners who only see trading from one side, namely from the opportunity to get profits, even though what they don't know is that getting profits in trading is not as easy as turning your palm.

If you want to really make a profit in accordance with your expectations and expectations then obviously there must be something you sacrifice, such as sacrificing a lot of time to learn that there are even some traders who are now successful where he spent years in the learning process to be able to achieve success by getting consistent profits. However, trading is always about profit opportunities and risk of loss where you can minimize the risk of loss by having a lot of experience and knowledge, meaning that if you only have hopes of getting rich but do not have the experience and knowledge that is qualified then you will only get yourself into a lot of trouble. This is the thinking error that is usually in the minds of those beginners, being rational based on a reasonable mindset is recommended from the beginning of the engagement.

People are engaged in trading and avoiding knowledge. We are aware that things are not as they seem, yet perseverance is the key to everything. should you genuinely wish to learn. is only for you to set aside time for. When it is comfortable for you, you will recognize that this specific period of time is dedicated to studying and you will eliminate any type of distraction. If you are skilled at trading, you will succeed in it greatly. Additionally, you might not initially turn a significant profit from it.

However, you will eventually develop greater patience and composure. Not everyone as patience, aside trading the attributes you learn are almost the same thing with when your trading. Knowing what plan your subscribing to either long or short time. The most important is for you to have a vision.

Yes very risky, more beginners will only see that the trade can make them rich quickly, then trade futures with the most leverage, hoping to make bigger profits.
It will only make the risk of losing greater.

There are actually more problems that a beginner trader will experience with no knowledge at all.
And teaching them is like teaching a baby to start it all.

If I conclude from what you said, Newbies should first train their patience with something before jumping straight into trading. Because if they can only trade in a hurry and don't rely on the knowledge and patience that they have to have, of course it will be difficult for them to achieve success. And it will be more common for them to continue losing because they are impatient when they see the price drop in the cryptocurrency they are trading. So they should use their time to exercise patience while seeking knowledge about trading before entering the market to trade.

I've just noticed why beginners are always asking for the fastest and easiest way of learning to trade. I don't think they are able to do simple research to find out about the reality of trading. Or, they are truly impatient and they don't need to wait long but rather instant. This is the mistake I've observed and many discussions talk like this. But I believe that our experience will help us teach what is trading all about or if can we really make it a shortcut.

If someone says there is an easy way to learn to trade - that won't buy our interest because that only ends up scamming. This is very rampant these days and those who ask for it will simply put them at risk.

Yes, having some sort of help here means that you are going to get the best of both worlds, you are going to not only learn how to do something better, but also you will end up with multiple people arguing which is the best way, meaning that you are going to be guaranteed to get the best way since nobody can tell a lie to you.

If anyone tries to tell you their best way but it is a terrible way, someone else will come out and say that is wrong and the better way would be something else. In the end, having a financial background means that understanding things would be easier, and if you do research very well too, then you are going to get everything you are looking for in this forum with this many people around.

Just let them be, you would really be able to realize that learning up trading isnt really that a fast path for you to take. Yes, being impatient is the main reason on why you would really be committing mistakes.
You would be making those kind of realization on the time that you would really experiencing those loses on which its a typical scenario i would say. This is why on the time that you would really be having that kind of
learning then you would be gradually be able to learn up things along the way that this wont really be a smooth sail ride. This is why it would really be that best that you do take it slowly.
Bitcoin trading or even on other altcoins is something that you could really be able to possibly be able to make profits but when you are still that a noob then it would be normal that you would
really be needing to take it slowly.

Learn up first before trying out to be perfectionist. There's no way that you could really be able to know on what would be the next movement of the price.
This is where your learnings and experience would be the ones you would really be able sustain.

If they are newbies with empty knowledge like babies, they are easily to be taught with right knowledge about trading. If they already exposed with wrong knowledge and practiced trading a long time, it's very hard to teach and correct them.

One of first thing to teach them are:

Trading is risky.
Most of traders lose money and it's hard to get rich from trading.

Give them warning like:

Don't use leverages with hope to get rich. Use higher leverages means they have bigger risk to lose money faster.

If they are type of person with bad discipline, trading is not for them.

Give them an important warning about exchange too.

Reminder: do not keep your money in online accounts

They may need to be corrected again they are beginners not traders, they are still beginners and try to learn trading in every way they can.
It's not easy to learn from scratch, but learning everything gradually will give you better trading knowledge.

Instead of having to pay a trading mentor and want everything to look instant, it can't be done.
The results will be different from those who learn from scratch to know how trading works.

Especially with experience done from the beginning, it will form a good mentality, because trading is not only about technical or fundamental analysis,
but also about how someone can control their emotions when trading.

And lastly, you have to determine which is the first Exchange you will use to start trading.
I myself started my first trade on my Local Exchange Indodax, and then switched to a tier 1 Exchange like Binance, which I think is best for now.

Certainly because of greed to make quick profits. Traders nowadays are less patient to study the process in trading, instead they focus more on finding shortcuts which I believe is very impossible in trading. Although you can have some quick profits, but at the end of the day, you will also lose all of them eventually. That’s how risky and unpredictable trading is. The reason why you have to take it slow and take your time in learning. Non need to rush as we are not in competition with who’s trying to make the biggest profits and who’s making the smallest one. The only important thing is you did not lose too much with trading, and you still outnumber your losses with profits at the end of the day.