Trading in a nutshell | Bitcointalksearch.org

Mame89

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Quote from: Gooner0 on September 25, 2024, 04:39:38 AM

In simple terms: you buy ten apples for 5$ , hoping to sell for 10$ , if you eventually sell them for 10$ you make a profit of 5$ . But if you sell below 5$ you lose .
Trading can be easily understood as simply as this .

Trading is not that simple, in theory trading is easy but when it is done it will be difficult not as imagined. There are many things to learn in trading not only thinking about profit but also risk. There are several things that must be mastered in trading, it must be known that the market does not follow any strategy and indicator, you must have your own strategy, do not expect other people's strategies because not all strategies are suitable for us and most importantly before trading determining the risk is much more important than determining profit.

Therefore, the essence of trading is not only buying and selling but also having to implement a trading plan, have risk management, and prepare a mature strategy before doing it and of course there must be an evaluation of our trading activities.

UchihaSarada

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Quote from: el kaka22 on September 26, 2024, 05:09:22 PM

This isn't really trading, this is basically buying and selling business. If you buy apples and sell apples then you own a business, it is not trading at all. Trading is a lot quicker and it is not a product

By buying and selling apples, you don't create product and if you do it quickly, it's like trading, but trading apples. If you buy apples as a whole seller and distribute it by selling to other retail sellers, you have a business.

Quote from: shinratensei_ on September 27, 2024, 11:32:19 PM

yeah trading is definitely more difficult, we're not selling things to buyer but selling it to another investor, who would like to take profit as well once the price increases. much similar with stocks.

With a trader, he does not care who will be a buyer of what he sells on the market. It's a free market where everyone can join as buyer or seller and except it's OTC market, you simply put your buying or selling order and wait for it to be filled with Limit order or sell it directly with Market price order.

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therefore the price vary so much always changing dynamically every minute.

If you trade with too short candles like 1-minute, 5-minute, you will have very big risk. If you trade with such short candles and with leverage, it's more like suicide and you do it to lose money, not to get profit.

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Quote from: el kaka22 on September 26, 2024, 05:09:22 PM

This isn't really trading, this is basically buying and selling business. If you buy apples and sell apples then you own a business, it is not trading at all. Trading is a lot quicker and it is not a product, it's something that everyone buys and sells, in business you sell to end user, so if you sell an apple, someone eats that apple, in trading if you sell bitcoins and someone buys it, they end up selling it too, and whoever buys from them also sells it too, so it is an endless trading between each other.

Sometimes it drops and sometimes it goes up and they are all fine and we just keep on trading. As long as we end up buying at whatever price we buy at and we end up just trying to keep it going until we make profit and hold it until then, it will be fine.

yeah trading is definitely more difficult, we're not selling things to buyer but selling it to another investor, who would like to take profit as well once the price increases. much similar with stocks.
therefore the price vary so much always changing dynamically every minute.

if only it was as simple as buying apple and reselling it at higher price, I also would like to consider what OP described as just business. just compare yearly price of an apple (fruit not stock) to BTC price chart. it will be starkly different and BTC price keeps changing every second which is far more volatile. so it's not really good analogy.

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Quote from: Dr.Bitcoin_Strange on September 26, 2024, 04:53:29 PM

Many people already knows this simple basics of trading but that's not it, trading entail more than that. If you are learning how to trade, you might see it as difficult but once you put your mind to it, you will surely make enough profit from it. Most people know about the basic but they don't put so much dedication to it.

The concept of trading is simple, it is how you execute is another story. Because there are so many strategies depending on the coin itself, you will be confused at the start as to what strategy you will deploy at a given time frame.

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This isn't really trading, this is basically buying and selling business. If you buy apples and sell apples then you own a business, it is not trading at all. Trading is a lot quicker and it is not a product, it's something that everyone buys and sells, in business you sell to end user, so if you sell an apple, someone eats that apple, in trading if you sell bitcoins and someone buys it, they end up selling it too, and whoever buys from them also sells it too, so it is an endless trading between each other.

Sometimes it drops and sometimes it goes up and they are all fine and we just keep on trading. As long as we end up buying at whatever price we buy at and we end up just trying to keep it going until we make profit and hold it until then, it will be fine.

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Many people already knows this simple basics of trading but that's not it, trading entail more than that. If you are learning how to trade, you might see it as difficult but once you put your mind to it, you will surely make enough profit from it. Most people know about the basic but they don't put so much dedication to it.

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Quote from: Gooner0 on September 25, 2024, 04:39:38 AM

In simple terms: you buy ten apples for 5$ , hoping to sell for 10$ , if you eventually sell them for 10$ you make a profit of 5$ . But if you sell below 5$ you lose .
Trading can be easily understood as simply as this .

Really? If it was so easy to do something like that then everyone should do trading instead of doing anything else. In crypto trading most traders don't make any money at all and some make very less amount in profits.

It's not an easy task to convert $5 into $10 or $1000 into $2000. Those who can do something like that are the ones who have learnt trading very well and are experienced traders.

The greedy fellows who watch some videos of YouTube traders and tell others that how easy it's to make money in trading, while in reality it's not easy to make money in trading unless you aren't a top level trader.

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I wish trading was as easy as you make it, you make trading very simple and naive as if a trader has a grocery store and bought 5 oranges for $5 and will sell them for $10, wow if trading was that simple everyone would rush to make a fortune from the market.

Trading is much deeper and more complex than that, there are many things you need to learn not just buy cheap and sell expensive, for example if the price drops below your purchase price what will you do?

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I understand you are trying to make a brief off trading a d the concept you have put out there isn't a bad one tho it sounded too basic a concept but then you should have known that this is a crypto forum which concerns it self mostly with Bitcoin and that entails almost every discussion should be in that direction except for some boards created specifically for othe discussion which aren't Bitcoin related but somehow relating such discussions to Bitcoin will be regarded .

Trading discussion on this forum should be focused mainly on Bitcoin and probably crypto in general of which if you are to go in that context, this subject mentioned OP is just too basic and may be a mirage explanation and may further appear like a decit, because newbies may come in and find out it's beyond that for crypto in the long run, but then not to discredit your post, it's a good attempt but try to improve in subsequent posting.

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Quote from: Gooner0 on September 25, 2024, 04:39:38 AM

Before I started trading, it took quite sometime to Learn the basics, what was I going into? I really needed to understand trading in the simplest of terms.
So here I'm going to try and explain trading in the simplest way possible.
TRADING: The buying and selling of things like stocks, currencies or goods in other to make money.

Well-done op, you had just successfully made trade lok so simple so let me call my guys let go trading some assets to make money as there's no risking involved Grin

Op maybe you just need to go back to the basics again where you had started from in learning about trading cause you're missing something: trading is risky; you can lose or blow your account at one sitting... This isn't to scare you but it is what it is as the truth.

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KEY STEPS: open an account , choose market (stocks or forex) etc. Decide whether to buy or sell, set your price then execute trade .
Monitor your performance , close trade (sell/buyback).

These steps are cool quite alright but trading explained on paper, demo trading and practically going live with your trading isn't same. Hope someone newbie reading this don't get carried away. Lol.

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You know you are posting in Bitcointalk, Right? I believe that you should have focused on the cryptocurrency exchanges and not the stock market or forex. You should focus more on the cryptocurrency side. Trading is somewhat the same, but the big difference is that cryptocurrency is 24 hours. You could always trade, and that’s why I like to have a trading bot like Gunbot.

mindrust

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Trading guide for dummies:

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Step 1: Buy Low
Step 2: Sell High
Step 3: See “Step 1”

That’s the ultimate trading knowledge which everyone only needs. It is so simple, even a monkey can understand it but don’t let its simplicity fool you. It is also the most effective trading strategy.

Throw them complicated technical analysis indicators to the trash can. You don’t need any.

If you manage to mess this strategy up, you probably failed at the first step, meaning: didn't buy low enough.

cryptoaddictchie

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Well theres much easier option to suggest if your gonna input basics on trading.

Simply do buy low and sell high (regardless) of the price as long as you sold on a good or profit price then its much easier to do trading more like a nutshell risky game. Never really tried forex but it seems crypto is more fun in my opinion and also when I asked some of my friends doing it.

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Quote from: Gooner0 on September 25, 2024, 04:39:38 AM

Before I started trading, it took quite sometime to Learn the basics, what was I going into? I really needed to understand trading in the simplest of terms.
So here I'm going to try and explain trading in the simplest way possible.
TRADING: The buying and selling of things like stocks, currencies or goods in other to make money.

KEY STEPS: open an account , choose market (stocks or forex) etc. Decide whether to buy or sell, set your price then execute trade .
Monitor your performance , close trade (sell/buyback).

In simple terms: you buy ten apples for 5$ , hoping to sell for 10$ , if you eventually sell them for 10$ you make a profit of 5$ . But if you sell below 5$ you lose .
Trading can be easily understood as simply as this .

What exactly you are trying to say? If you really want to teach others about trading, there are many more topics you can cover. But what you have written here, is the absolute basic which probably a school going kid knows.

To be honest, trading can be learnt from YouTube nowadays. There are multiple advance courses available as well which talks about various types of charts and various types of traits that a trader can execute in the market. You can edit your post to include some of the examples for everyone's benefit.

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Quote from: Gooner0 on September 25, 2024, 04:39:38 AM

In simple terms: you buy ten apples for 5$ , hoping to sell for 10$ , if you eventually sell them for 10$ you make a profit of 5$ . But if you sell below 5$ you lose .
Trading can be easily understood as simply as this .

It's just overly simplified take of what is trading though, in reality, trading is much more than just buying thing and sell it higher price because there's also other risk that you didn't mention which is what happen if there's nobody willing to pay for the apple at higher price and whether there will be massive influx of apple supplies in the circulation.

that's why expert trader always use technical analysis to understand and make sense of the abstract nature of trading on its own.

I'd like to explain trading more of buying or selling when the price has deviation and wait until the price get back to normal again, sort of buying when market dumped too hard and selling when market pumped too hard.

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OP simple as it seems, it's not. What you state is pretty basic that anyone out there reading would think it's so easy to pull of and make thousands of USD in no time but there is more to trading than just that.
Risk management, Risk Reward ratio, the game of emotions and trading psychology, learning to use indicators not forgetting technical and fundamental analysis at times

Finestream

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Trading is indeed risky so if you intend to trade in a nutshell, make sure you know and follow the basics, and stick to your ultimate goal why you trade, otherwise you will lose the essence of trading and you won't successfully achieve your trading goal.

The key here is experience. Without sufficient experience in trading, you will never overcome the risks and becoming a successful trader might be hardly possible.

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Quote from: Gooner0 on September 25, 2024, 04:39:38 AM

KEY STEPS: open an account , choose market (stocks or forex) etc. Decide whether to buy or sell, set your price then execute trade .
Monitor your performance , close trade (sell/buyback).

It is not that simple as you’ve explained it here. Are you a newbie in the trading market. If you’re, you’ve only made it look so enticing to fellow newbies and if they want to actually ride on this your notions, they’ll leave the market early because they won’t be able to manage the losses they’ll incure.

Quote from: Oshosondy on September 25, 2024, 05:01:07 AM

Quote from: Gooner0 on September 25, 2024, 04:39:38 AM

Trading can be easily understood as simply as this .

You did not mention anything like oder types, reading charts, analysis (technical and fundamenta), risk management, spot, derivative (perpetual futures and options) but you think you have explain what trading is. You have not explained anything. Trading is far more than what you have explained.

This is a nutshell explanation like he said in the title of the topic. Going more detailed will bring out every other aspect of trading including the fundamental and technical analysis, the spot and derivatives etc. If someone only got to understand what the market is all about through the basics he has said, they haven’t learnt anything and when they want to use that knowledge in the market, they’ll lose heavily and will continue to lose until they get a more better understanding of the market and different confluences used in trading the market.

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Quote from: Gooner0 on September 25, 2024, 04:39:38 AM

Before I started trading, it took quite sometime to Learn the basics, what was I going into? I really needed to understand trading in the simplest of terms.
So here I'm going to try and explain trading in the simplest way possible.

What do you want to discuss from this thread?
What do you want to teach other newbies with this thread?

If you want to trade Bitcoin, cryptocurrency, use a cryptocurrency exchange, either centralized or decentralized, don't use Forex. Because using Forex is risky, sooner or later you will use leverage on Forex. Leveraging means your collateral will be liquidated and you'll lose money.

Newbies Stop Teaching When You Need To Learn.
Awesome Crypto Trading

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The basics must be to understand the candle sticks and the pattern, and next is to find a coin Based on your knowledge of the candle sticks pattern you can identify different trading opportunities next is upon trying to analyze the market situation you can now make a trade for a long term or short term trading always plot a TP and SL don't leave your trades open people tend to get greedy tons of trades don't follow these reason to get liquidated.

Topic: Trading in a nutshell (Read 183 times)