Trading skills - page 2. | Bitcointalksearch.org

Luzin

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Quote from: Natalim on September 22, 2021, 06:27:38 PM

I think its best to be knowledgeable on the market first and know all its basics before indulging into the real field of trading. It will give you more advantages to some newbies who only trade and often resulted into losses. And might be very helpful if you have this demo trading account as it will teach you in some ways that a real trader should know. And of course, gaining experience in trading that will teach you the most and help you build your own strategies that will only work on you.

Experience is the best teacher and learning is complementary to our experience. Crypto today is very different from what I have studied before, although the pattern of technical analysis is the same but there are patterns of habits that continue to change. In fact, I used to study with a capital of 20$, because I didn't have much money. From there I continued to trade and learn technical and fundamentals. I studied with a friend who was older than me. Her emphasis is on emotional control, don't go against the grain. Follow the pattern and be patient.

MCobian

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Quote from: Alisha FR on September 22, 2021, 11:52:25 AM

Quote from: MrcMrc on August 29, 2021, 10:25:51 AM

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

Before having expertise in trading, of course must have failed in the past. However, in terms of trading techniques, nothing special for me. It all started with small numbers in trading, I once started with a nominal $45 to be able to master the market conditions and make my main strategy to open buy when the market goes down and sell when I get a little profit. as my trade progressed and once made the mistake of selling out of panic. So I play a trading role if market conditions are dump, I choose to hold.

It is true that all traders must have experienced failure, therefore if we experience failure when trading, there is no need to worry. We can learn from
every failure that we experience, from there we can create an effective strategy to generate profit. So everyone can have good trading skills
by correcting every mistake made when trading. The most important thing is to control our emotions when trading, so we don't panic about
bad market conditions and can find the best solution. We can use the stop-loss feature or we can also be patient and hold until the market recovers.

Natalim

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Quote from: MrcMrc on September 22, 2021, 10:30:06 AM

Quote from: Raflesia on September 16, 2021, 03:12:53 PM

Quote from: blockman on September 13, 2021, 06:05:14 AM

Quote from: ?? on ??

From my own experience, I can say that the best option to increase the level of knowledge and experience is to work on a demo account. This can actually allow you to gain knowledge directly in the working environment. When I started working with a broker from Amarkets, I did just that.

Demo accounts do help those people that are not yet fond of trading. There's always a way to learn trading without risking your own money but once you're done, you have to play with actual money so that you'll have that experience with actual trading and with real money as you trade. But you can keep on learning with demo accounts and practice there until you think that you're already prepared to deal with the real thing and it's all about how you'll make your own strategy.

The demo account does give us experience in trading to hone your skills how to trade well, but what I feel when I'm on a demo account and a real account will still have different challenges, it will be more difficult when using real money so I think it's better with real money so you will feel the sensation for real so it won't be awkward when you are in big money, but still for the beginning we have to be in low money to reduce risk.
So every experience must be properly applicable to real trading, no matter how experience is your learning.

Demo trading account is helpful for new players looking to grow their skills and experience, but again it does not guarantee real-time trading skills in some cases and different exchanges with their unique trading accounts features.

I think its best to be knowledgeable on the market first and know all its basics before indulging into the real field of trading. It will give you more advantages to some newbies who only trade and often resulted into losses. And might be very helpful if you have this demo trading account as it will teach you in some ways that a real trader should know. And of course, gaining experience in trading that will teach you the most and help you build your own strategies that will only work on you.

Alisha FR

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Quote from: MrcMrc on August 29, 2021, 10:25:51 AM

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

Before having expertise in trading, of course must have failed in the past. However, in terms of trading techniques, nothing special for me. It all started with small numbers in trading, I once started with a nominal $45 to be able to master the market conditions and make my main strategy to open buy when the market goes down and sell when I get a little profit. as my trade progressed and once made the mistake of selling out of panic. So I play a trading role if market conditions are dump, I choose to hold.

MrcMrc

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Quote from: Raflesia on September 16, 2021, 03:12:53 PM

Quote from: blockman on September 13, 2021, 06:05:14 AM

Quote from: ?? on ??

From my own experience, I can say that the best option to increase the level of knowledge and experience is to work on a demo account. This can actually allow you to gain knowledge directly in the working environment. When I started working with a broker from Amarkets, I did just that.

Demo accounts do help those people that are not yet fond of trading. There's always a way to learn trading without risking your own money but once you're done, you have to play with actual money so that you'll have that experience with actual trading and with real money as you trade. But you can keep on learning with demo accounts and practice there until you think that you're already prepared to deal with the real thing and it's all about how you'll make your own strategy.

The demo account does give us experience in trading to hone your skills how to trade well, but what I feel when I'm on a demo account and a real account will still have different challenges, it will be more difficult when using real money so I think it's better with real money so you will feel the sensation for real so it won't be awkward when you are in big money, but still for the beginning we have to be in low money to reduce risk.
So every experience must be properly applicable to real trading, no matter how experience is your learning.

Demo trading account is helpful for new players looking to grow their skills and experience, but again it does not guarantee real-time trading skills in some cases and different exchanges with their unique trading accounts features.

Raflesia

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Quote from: blockman on September 13, 2021, 06:05:14 AM

Quote from: ?? on ??

From my own experience, I can say that the best option to increase the level of knowledge and experience is to work on a demo account. This can actually allow you to gain knowledge directly in the working environment. When I started working with a broker from Amarkets, I did just that.

Demo accounts do help those people that are not yet fond of trading. There's always a way to learn trading without risking your own money but once you're done, you have to play with actual money so that you'll have that experience with actual trading and with real money as you trade. But you can keep on learning with demo accounts and practice there until you think that you're already prepared to deal with the real thing and it's all about how you'll make your own strategy.

The demo account does give us experience in trading to hone your skills how to trade well, but what I feel when I'm on a demo account and a real account will still have different challenges, it will be more difficult when using real money so I think it's better with real money so you will feel the sensation for real so it won't be awkward when you are in big money, but still for the beginning we have to be in low money to reduce risk.
So every experience must be properly applicable to real trading, no matter how experience is your learning.

LUCKMCFLY

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Quote from: Questat on September 12, 2021, 05:56:09 AM

Quote from: ?? on ??

When it comes to trading, I think you should start trading with a little money If you want to trade with a special system, you need to do a lot more then trade, I think trade should start with a little bit of capital first and it is very difficult to maintain capital here. You can make a lot of profit if you can maintain your capital very well. But if you talk about long-term trade you have to wait longer.

it is hard to find consistency in the market like this, you can't make it perfectly and maintain your profit gain every trade. It was good to start with a small amount but would not just stop there, if you want more profit then you also have to put money more. That is really a thing needed in trading, higher risk = more profit, small capital = small profit. But I suggest not thinking that every time because before you've earned that there might be countless losses you've experienced first.

In this you are absolutely right, there is always a greater risk in trading, when trading with low capital the benefits are few, but when you lose little you lose, in the same way trading with large capital, although I am in favor of the I see trading as a business where every profit, no matter how small, represents that, a net profit, when trading long-term with small profits, those small profits will one day be the sum of a large profit, so it is not bad.

In addition, it should be taken into account that every time you earn more knowledge is acquired, and much more experience, this has to do with the maturation of profit and the growth of the trader.

Distinctin

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Quote from: sarmrakib on September 16, 2021, 09:31:25 AM

It is so tough for newcomers on trading they actually face many thing even they make huge loss for investing brfore doing nothing .Trading is one of the best way of earning if you know it well .I actually wanna suggest the new trader always become patience don't get panic and try to learn always from the live market as well as from the past chart .Start with a low investment on primary period gradually enter on the market with the top ranked coin it helps you to avoid huge loss .Buy from the strong trend and take a minimum profit when you feel that you are ready for everything then make your own strategy and go through it .

I tend to disagree with you saying that "Trading is one of the best way to earn money" because the truth is that this will give you more losses if your strategy won't work and much more if you don't have knowledge about trading.
We can't underestimate trading nor consider this as the best way to earn money as many people had come but too unfortunate they leave at big losses. This will happen to anyone and you can't find assurance in trading unless if you could see yourself being an expert on this.

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Quote from: MrcMrc on August 29, 2021, 10:25:51 AM

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

It is so tough for newcomers on trading they actually face many thing even they make huge loss for investing brfore doing nothing .Trading is one of the best way of earning if you know it well .I actually wanna suggest the new trader always become patience don't get panic and try to learn always from the live market as well as from the past chart .Start with a low investment on primary period gradually enter on the market with the top ranked coin it helps you to avoid huge loss .Buy from the strong trend and take a minimum profit when you feel that you are ready for everything then make your own strategy and go through it .

Trouvaille

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Before trading, it is necessary to understand the trading market and learn more trading knowledge, and learn how to manage risks.
Use various indicators to analyze market trends, choose the currency to be traded and formulate the correct trading strategy through your own experience.
Controlling emotions is very important in trading. Many people will be affected by market sentiment and make wrong decisions leading to economic losses, so avoid panic and follow established trading strategies to reduce risk losses.

naikturun

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spend more time trading, start small, understand the market conditions, you will get used to it and your experience will increase all the time. most people are impatient and want to trade quickly and make quick profits, even though their experience of trading is very minimal.

Vaculin

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Quote from: MrcMrc on August 29, 2021, 10:25:51 AM

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

I only suggest for beginners to do classic trading. that is, buy at a low price and wait to sell until the price is high. other than that use minimal capital and choose coins that have good potential like in the top 10 coinmarketcap. it's already the safest in trading in my opinion

I have to agree with that even it looks old and genuine strategy but still effective for the beginners, in fact, this was still used by many traders who just buy and then hold. To buy the top-listed coins gives the high assurance for ROI but the cost is also high compared to new projects but at least we are safe which is very important.

Having this strategy is just a stepping stone for more advanced trading. Trading must have to start at the basis and this is what the basic means. if we can manage to understand it and feel comfortable with the situation, then I think it was good enough to step up and about to risk more money for more profit.

BuNga_cute

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Quote from: MrcMrc on August 29, 2021, 10:25:51 AM

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

I only suggest for beginners to do classic trading. that is, buy at a low price and wait to sell until the price is high. other than that use minimal capital and choose coins that have good potential like in the top 10 coinmarketcap. it's already the safest in trading in my opinion

For beginners, they have to start with popular and potential coins. Such as BTC, ETH, BNB, ADA, and so on, which is indeed included in
the top 10 cryptocurrencies. Because the coins I have mentioned, usually have a high demand. This means that if the price falls, it will soon
recover again. So for beginners it is easier to make a profit, don't trade choosing new projects or meme coins, because both have a very high risk.
But the newbie during trading using potential coins begins to slowly learn how to analyze the market, because in the world of trading having
analytical skills is very influential to be able to know where the market will move. And I always suggest for beginners to avoid trading based on
signals from other people, it will only make beginners experience losses and will not develop their trading skills.

lixer

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Quote from: blockman on September 13, 2021, 06:05:14 AM

Demo accounts do help those people that are not yet fond of trading. There's always a way to learn trading without risking your own money but once you're done, you have to play with actual money so that you'll have that experience with actual trading and with real money as you trade. But you can keep on learning with demo accounts and practice there until you think that you're already prepared to deal with the real thing and it's all about how you'll make your own strategy.

I have traded back in the day way before there were any demo crypto trading websites were available and I have to say that it was one of the hardest things ever. Now that they are here, I do not need them even though I did try a bit but it just never made sense, buy bitcoin with all you have and in the end it goes up anyway.

So, I would have to say that there is a good chance you could learn a lot more with demos when you are new but it only works for people who got into crypto for the past 2-3 years, before that there weren't many available. Also even before starting to trade on a demo, try to learn what indicators are and what general TA looks like, it would help out a lot.

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Quote from: blockman on September 13, 2021, 06:05:14 AM

Quote from: ?? on ??

From my own experience, I can say that the best option to increase the level of knowledge and experience is to work on a demo account. This can actually allow you to gain knowledge directly in the working environment. When I started working with a broker from Amarkets, I did just that.

Demo accounts do help those people that are not yet fond of trading. There's always a way to learn trading without risking your own money but once you're done, you have to play with actual money so that you'll have that experience with actual trading and with real money as you trade. But you can keep on learning with demo accounts and practice there until you think that you're already prepared to deal with the real thing and it's all about how you'll make your own strategy.

Demo accounts help you to prepare yourself. Properly using this feature allows you to have a better overview of what are the risks that await when you start doing this business.

An actual demo account gives you a good glimpse of how everything has been performed inside trading platforms, a very good tool to understand and to try out your emotions and attitude towards the business.

If you really make a good use of this feature once you start your investment, it will be easy for you to keep your emotion away, understanding that from your previous practices you already encountered such events that may shake the market.

Once you overcome those situations, for sure the outcome of your trading investment is more on successful side.

Benefactor

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Quite possibly it's a decent purchase. It's not actually even that hard by any stretch of the imagination, it's simply a many individuals simply purchase in to what in particular advertised with no other motivation to back up their buy. You will comprehend the marker from your misfortunes and win, however fledglings lose more than win, possibly increment your capital if and just in case you are benefitting than losing.

MrcMrc

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Quote from: john_nautica on September 08, 2021, 12:49:19 AM

Has anyone here give already a tip about Candlestick patterns? Well I found it very useful in 4 hour to 1 day timeframe also I do have other indicators that help me to accurately predict the market, you can just search on google image Trading Divergence Patterns this is useful to big time frame such as 4 hour to 1 day. I don't know if it works to others but it works fine to me.

Can you please mention those other indicators, trading direction is highly unpredictable as you practically don’t know which direction the market will go. That is why trading signals or indicators are mostly wrong and do not work in most cases.

blockman

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Quote from: ?? on ??

From my own experience, I can say that the best option to increase the level of knowledge and experience is to work on a demo account. This can actually allow you to gain knowledge directly in the working environment. When I started working with a broker from Amarkets, I did just that.

Demo accounts do help those people that are not yet fond of trading. There's always a way to learn trading without risking your own money but once you're done, you have to play with actual money so that you'll have that experience with actual trading and with real money as you trade. But you can keep on learning with demo accounts and practice there until you think that you're already prepared to deal with the real thing and it's all about how you'll make your own strategy.

jaberwock

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Quote from: MrcMrc on August 29, 2021, 10:25:51 AM

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

There is really nothing like new skills all those old skills are always helpful if you can follow them. We just have to keep learning and know what to do, know of the rightful tools to make use of when you are trading such as the stop-loss tool.

Trading is not something that you learn immediately, it takes time and with time you will get to learn it and also perfect your skills. If you decide to rush it then you are likely going to end up rushing out as well. And then you have to learn self discipline and also try to have patience and learn from your mistakes. Then you have to have an understanding of analysis, both fundamental and technical. I believe with this few things you’re good to go.

MrcMrc

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Quote from: ?? on ??

talk about long-term trade you have to wait longer.

Is there anything like a long-term trade?

Trading does not require you to hold for long. You accumulate your profits in trading daily. That way, you will not need to wait longer before crashing out. The long term is specific for holders and not traders.

Topic: Trading skills - page 2. (Read 849 times)