Topic: Trading Beginner - page 2. (Read 495 times)
For anyone who wants to learn trading i suggest don't rely on others strategies or plan wherein must build your own as well to assure everything will be fine . And avoid being greedy and hasty also because it can cause losses sometimes , bear in mind that doing trading isn't a easy work so put more patience on it. Make a research always and practicing skill is the most important . And by the way keep making specific theology especially if there's a problem in the market which dont ever rely on other thoughts and speculation 'cause you know there are some frauds nowadays.
Trading Bitcoin may not be for everyone but investing in Bitcoin certainly is (it’s just my opinion). You start by first acquiring Bitcoin on a well-known Cryptocurrency Exchange Software, like CEX IO or Coinbase. I used Coinbase before and it is the cheapest option if you use direct debit. Maybe a little slow but not critical. The spot rates and fees are also competitive. Once your Bitcoin is deposited in your Coinbase wallet, you will need to transfer it to a coin-to-coin trading platform like Poloniex.
From there, you can trade pairs like BTCUSD (USDT in Poloniex). You do not need a whole Bitcoin to start trading, fractions of Bitcoin will work just fine so you can start with, say, $300 equivalent in Bitcoin.
That’s your start.
Now, just like in the case of any other asset, you will have to develop a strategy. This strategy will depend on how much time you want to invest in this, your skills and goals. It has its learning curve. Bitcoin has a very tightly knit community of traders, analysts, developers and you will not be left alone trying to figure out how to approach your trades. There are plenty of resources out there for newbies.
From there, you can trade pairs like BTCUSD (USDT in Poloniex). You do not need a whole Bitcoin to start trading, fractions of Bitcoin will work just fine so you can start with, say, $300 equivalent in Bitcoin.
That’s your start.
Now, just like in the case of any other asset, you will have to develop a strategy. This strategy will depend on how much time you want to invest in this, your skills and goals. It has its learning curve. Bitcoin has a very tightly knit community of traders, analysts, developers and you will not be left alone trying to figure out how to approach your trades. There are plenty of resources out there for newbies.
For anyone wants to become a trader, you should think carefully before get into trading with cryptos because it is not an easy job when they can easily make you loss all money, of course it won't be easy to learn all about crypto trading, so we have to rely on practicing days after days to have more experiences about trading, don't use too much at the begining, trade small to know how the crypto works then move to bigger target.
If we are just starting up in Crypto trading, then the most important part is to plan and keep the right level of risk/money management. It is only way that we can make profits, and do it consistently.
It is no way possible otherwise. And it is important that we understand the value of it because that way only we will be able to gain rewards and benefit. I won’t be easy doable with hard work and dedication. But of course, not everyone is capable of it.
It is no way possible otherwise. And it is important that we understand the value of it because that way only we will be able to gain rewards and benefit. I won’t be easy doable with hard work and dedication. But of course, not everyone is capable of it.
I'd like to ask you to point me in a somewhat right direction.
I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.
Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha
Highly appreciate your input! Hope to return some of the good karma back to the community when I become good at this
If you are totally a complete beginner on trading then learning the basics would be crucial or important.Finish this one https://www.babypips.com/
You would learn a lot when it comes to basics,it might generally talk about Technicals but the keypoints on their is really helpful.
I would recommend any beginning trader to read every entry in the blog of my hedge fund, starting from the oldest and going forward:
www.feroxadvisors.com/blog
Feel free to reach out to me if you need any further professional advice as well...
www.feroxadvisors.com/blog
Feel free to reach out to me if you need any further professional advice as well...
I learned how to trade crypto from www.VoodooCrypto.com
They offer guided education and training to teach you the skills you need as a trader.
I realized after trying to learn on my own that a ton of info out there is either inaccurate, not detailed enough, or downright misleading. I made the decision to invest in my education, and it was the best decision I've ever made.
They offer guided education and training to teach you the skills you need as a trader.
I realized after trying to learn on my own that a ton of info out there is either inaccurate, not detailed enough, or downright misleading. I made the decision to invest in my education, and it was the best decision I've ever made.
I'd like to ask you to point me in a somewhat right direction.
I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.
Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha
Highly appreciate your input! Hope to return some of the good karma back to the community when I become good at this
There are tools where you could gain knowledge about trading like youtube, articles, and topics about it. Focusing on analysis and different formulas would confuse you as a beginner.
It's better if you will focus more on the basics and fundamentals of trading first.
It's better if you will focus more on the basics and fundamentals of trading first.
maybe you can watch this youtube video Trading Cryptocurrencies for Beginners
from that video, it explains how you choose the token that you will trade in the exchange and how to get profit
from that video, it explains how you choose the token that you will trade in the exchange and how to get profit
it would be better if you see several existing threads. You don't need to create a new thread to discuss trading strategies for beginners.
Some new beginners are don't know to find the all threads so he will improve the knowledge slowly. If anyone want to guidance, better active and lock the thread because many spam threads are increase in the market. if you understand the expecting information try to lock. 
it would be better if you see several existing threads. You don't need to create a new thread to discuss trading strategies for beginners.
I believe that a new trader does well when they approach the learning process manually without going too much on calculators, bots and things like applications to aid trade. At least, as a beginner, we can trade better manually.
for beginners to know about trading you can find it here https://tradingstrategyguides.com/best-bitcoin-trading-strategy/, but in my opinion you better find out more precisely because on this forum site there are many topics that discuss about trading
I currently use the site antiliquidation.com (click for link) to help me make leveraged trades on Bitmex. The site essentially shows the risk to reward ratio of a trade given the stop, target and entry parameters, and it also shows you how much to put into one position if you’re trying to risk a certain percentage of your total capital. Really useful site, used it a lot as a beginner and it helped me manage risk easily and well.
This forum site has a lot of topic regarding basic trading tips and technique all you need is to explore if you want to learned.
You can also watch some tips regarding how to use indicators and how to read candle stick in youtube but I can tell you the truth its not easy tolearn trading because you a lot of time and effort if you want to gain knowledge.
You can also watch some tips regarding how to use indicators and how to read candle stick in youtube but I can tell you the truth its not easy tolearn trading because you a lot of time and effort if you want to gain knowledge.
There are ways to learn more about trading. When I was starting, I was too eager to know the basic strategies of trading so I focused on threads here regarding trading. You could set your own strategy and calculation. You might get confused and mislead by trading calculators.
in my opinion, I conducted an analysis to determine the cost of profit calculation better based on my own thinking, because that could be one of the things that might be more precise in a calculation. because if it is based on a calculator it might not work smoothly
You are already in a good forum just try to search here and also you could try Cryptocurrency trading simulator they have a list of site that you could try for free,
And I also found this site coinmarketgame never tried it before but it might help you practice your trading skill and enhance it.
And I also found this site coinmarketgame never tried it before but it might help you practice your trading skill and enhance it.
I'd like to ask you to point me in a somewhat right direction.
I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.
Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha
Highly appreciate your input! Hope to return some of the good karma back to the community when I become good at this
you can see how much profit or lost through the statistic that already available on the exchange site
you can now try to learn more from this site https://www.tradingview.com/ that contains a lot of analyzation and you can try to learn more the basic analyzation of TA and FA.
For the budget and that depends on yourself and how much you can afford to lose it dude.
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