Topic: Trading (Read 496 times)

I definitely will.
many thanks

If you want to learn more about trading I highly recommended visiting our board which is the trading because most of the source and frequently questions asking if the people are there like what are the trading mistakes, trading strategy, what are the platform that best for trading you can learn more there if you want and as a newbie don't hesitate to ask other people's opinion, insights and perspective to their previous trades because it can give a lot of ideas and knowledge for your starter pack to make trade also I encourage you to apply the best way to learn on trading if you want to learn through the experience it is good to make a capital first for your trades to learn tho it looks like an enrollment fee but if you want you can use the papers or the internet as the source of knowledge.

Before even starting trader, be sure that you know what you are getting into.

1st, be patient. It takes years of trading to become competent trader. Most successful crypto  traders had years of trading experience before entering this market.
2nd. be ready to loose the money in the process, as you certainly will.
3rd. have will to educate yourself. Read books, look guides etc.

For most people, HODL proved to be the most lucrative method, and they would have more if they sustained from trading. But if you are really determined to be successful, you will have to invest a lot of time , effort and nerves into it.

Obviously there is a lot of Demo sites where anyone can easily practice trading and risk management.For this I will recommend to use BitMex testnet for leveraged traders and Bitsgap for spot traders.Therse is a lot of Demo sites here are the details:

https://bitcointalksearch.org/topic/best-exchanges-to-practice-for-free-5223434

Keep that picture in your mind:



 

Your profits won't always go up, very important part as Rennga Jati said: "Using "demo" first before doing real live trading".

If you are feared of losses, HODL might be also a good strategy. 
My choice is HODL. ^^

Actually I'm not a good trader and I'm also not great in trading. It can be said that I'm also a newbie in trading. SO, I may not be able to give you good advice. but, I will only share what I experienced as a newbie.

1. Prepare yourself before trading
When we are starting to trade, never only think of the profits to count if winning. Well, that was what I experienced, think lots of the profits that I could gain by trading. But in fact, there is always "RISKS' that cannot be separated besides profits. yeah, be aware of it and be ready for any kind of risks that you will face, including losing your funds lots.

2. Learning the basic, very basic trading
It includes the types of trading, the mechanism, risks of every trading type, the platform of trading, and also how to set a good way of trading.  The sources are available in many YoutUbe channels, telegram community, and also articles. You can also watch the live streaming by the trader that share their opinion, and you can learn from it, asking what you want to ask.

3. Using "demo" first before doing real live trading
Some platforms offer the "Demo" menu for trading in order to understand the mechanism of trading in that platform. of course, not all platforms offer it. if it is there, you must utilize the "demo trading" in order to give you lessons and views of what you must do and what strategy you should have.

4. Make trading from small to high
It is sure to make certain management budgets of the trading. If you have a lot of money, you can diversify them into some stages of trading. First, you may choose the right amount for trading in such a coin or platform. It may give you fewer profits, but it is for safety first.

If you want to have safer trading, BTC may be a good idea, but if you want to have certain challenging trading, choose altcoins. Someone told me about this.

Try first a crypto trading simulator so you can have an idea of how does trading really works. I think it's a good start for you.

--> https://cryptoparrot.com/

There are other trading simulators app and that's the first one that I've seen. I haven't used that but it's just a simulator and no need for any deposit. And once you're ready for real trading action, go to Binance.

For start up its best to read some articles open in internet and I will give you some of them for you to learn click the link bellow for start-up and for advance learning on how to trade also to learn a skill on how to do it correctly.

For start-up: Basic Guide
Advance: Elliott wave

I know it's so boring to read the articles but you really need to spend some time with this if you want to learn more about tradings.

Thank u so much

There is so many things that you have to bear in mind before start trading. First thing you have to learn how to trade exactly and you may take help from YouTube in your native language. But be careful, don't follow their strategy just watch for learning purpose. Second things you have to choose right platforms, especially to ensure security of your funds. So for start trading I believe Binance would be better for beginners, easy interface help to understand quickly. You shouldn't start trading with huge amount before understand all circumstances. I am pretty sure all traders at the beginning are loser. Dived your portfolio by four at least and trade with your 50 % of your total portfolio, other 50% would help buy on dip.

Some other thing is notable like control emotion, greed and trade with patience. Don't think too much about your past mistakes rather concentrate on your current trade. Learning from past mistake would be right decision.

Anyway we aren't your financial legal advisor, you only suggest what we thought better. Do your own diligence before take any financial decision, or hire a legal advisor. Lose and profits both you have to carried out.

Since you have not done trading yet means you are a newbie in trading. So you have to learn basic things about trading. In these cases, I always suggest using youtube so that you can learn the basics in your local language. Also, you can find a local board here in this forum, You can try there too.

Then after learning the basic things then come to this forum and try to find some thread about trading, (use the search function). A lot of threads and already some are suggested here. So what I say newbie should always try to learn the basics in the local language. Good Luck

Hello, welcome to his forum, as what have you said, you are not familiar with trading, so better not to try it because there are so many beginners in trading who lost their money because they tried it without even proper knowledge and skills about it. Trading is really risky compared to investing that is why most of the beginners lost their money when they try it. It's better to make some research first before you trade, watch some tutorials on YouTube, there are so many videos about trading that you can see on YouTube, but do not think that you can do the same things as what you have watched on YouTube. It requires experience and knowledge.

Like you, others also have the same concern about trading.

You might want to check these discussions:

https://bitcointalksearch.org/topic/5-errors-when-buying-crypto-currency-2850179
https://bitcointalksearch.org/topic/how-did-you-start-trading-5057815
https://bitcointalksearch.org/topic/trading-tips-for-beginners-2276488

Then from there, ask what things confused you. You really need to spend time doing your own research so good luck.

You can start off with basics like how to make orders, creating stop losses, Introduction to candle sticks, the dos and don't when trading etc. All this information is readily available on platforms like YouTube where different traders try to explain to newbies.
After you learn the basics, you can practice trading using some little money you can afford to lose before starting off on serious trading

For me, I would like to suggest you to start learning first on this awesome trading source below

- https://github.com/learn-crypto-trading/learn-crypto-trading.github.io

After that, keep practice using the free trading tools below without spending/investing money.

If you've got a bit to spare/gamble it's orjbaly one of the best ways to learn. You only need about $10 to try to speculate on things with places like binance or bitmex.

You might want to work out if you're loosing to trade alts, derivatives (such as cfds on bitmex/bybit/binance futures) and then looking at the best strategies to use....

If you don't want to start with the volatility, you could look at trading forex and analysing fundamentals... Additionally some people look at technical analysis and certain skills such as analysing an rsi, stochastic rsi and volume implications.

hi,

Actually I'm not a beginner in crypto and am familiar with the concepts and basic stuff.
but i've never done trading.

Would u introduce me some sources to start?
whr should i begin?
and wht should i bear in mind b4 working on this skill?