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Topic: Trading skills - page 6. (Read 849 times)

full member
Activity: 1358
Merit: 207
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September 02, 2021, 04:22:45 PM
#40
Here are some of the trading skills:
1) Facilitator: As a newbie you need someone that will impact you how to trade crypto in the market and make a good profit. Many people missed it by try to trade without a mentor in the exchange market.
2) Personal research: Always do your personal research after the information you got from the forum concerning crypto trade. It will help you grow faster in trading, when you always carry out your personal research.
legendary
Activity: 2030
Merit: 1189
September 02, 2021, 03:30:54 PM
#39
Do not trade with high capital, be patient, study the market, use what you can lose and not affect you, only focus on spot trading for time being, $50 is good for starting, if you have high capital, do it use it, hold more and trade less with $50 or lower. You will understand the marker from your losses and win, but beginners lose more than win, only increase your capital if and only if you are profiting than losing.
On board with the above suggestions. The main point to extract from a trader point of view is the practice because only with practice you tend to get a feel of the markets and how/when to perform a trade. News and having access to good, reliable info is another big one.

Unfortunately, there aren't any agreed places for getting this type of info but there are groups on Telegram where some news can he handy. One such group is called Alts Alters. Good luck trading.
legendary
Activity: 2534
Merit: 1338
September 02, 2021, 02:35:14 PM
#38
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 are no particular skills that are suited for newbies, all the techniques that you can learn as a trader can be learned even by a newbie, the issue is that many newbies decide to not implement those techniques when the time comes as they get scared about the extreme movements of the market, so to me the first step is that newbies watch the markets daily for months but do not make a single trade while they do so, this should be done to get accustomed to the movements they can expect out of this market and avoid losing money because of it.
sr. member
Activity: 2422
Merit: 357
August 31, 2021, 05:12:16 PM
#37
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?
Tradings skills will develop over time, we can’t expect newbies to become good in trading in just a month, I’m telling you this will take time and even you know how indicators works, you still need to experience it before you slowly earn a good skills in trading.

Newbies should focus on developing that skills, continue to learn and don’t trade big money at your first 3 months in trading, that will be a trial and error period so better not to lose big. To avoid this one, don’t let your emotions ruin your strategy, always trade based on your own analysis.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
September 01, 2021, 05:17:49 PM
#37
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?

What I recommend the most in trading cryptocurrencies for newbies is that they do not rush to trade, they believe that by learning from some technical tools or technical indicators they already know how to trade and they do not, I also recommend trading "Scalping" mode until know at least what stage of the market you are currently in.

I highly recommend trading with play money on exchanges, in addition to learning to use very well the tools offered by the Exchange such as "Stop Loss", "Take Profit", at least learning to use those tools very well.

Learn to use the balance in your favor and not bet everything on a single operation or in a few, work with good percentages managing risk management, finally I recommend not following groups of signals, or taking courses in academies, only reading books that have written market traders, preferably that are not only technical analysis, but that talk about how they faced their scenarios or certain market scenarios.
hero member
Activity: 3010
Merit: 666
August 31, 2021, 05:46:23 PM
#36
Trading skills can come after having the right knowledge about what trading really is. It is not an innate skill or hereditary that you came along having that skill already. It is build up from having the basics before getting into the broad things about trading. It is in need for a trader to have the knowledge before building up the skills needed for a trader. Skills comes after having those knowledge acquired through reading and observations and apply it on various experience so that you can identify what strategies and skills you need to formulate so you can lessen the possibilities of losses, instead you were up into earning profits.
We can evaluate ourselves if we are capable enough to trade right after having the experience, that is something that could help to discover our passion and skill in trading (if there is). Because some just thought that they are good already but in the end, they will fail. This is not an unusual thing, it so many people had even to try trading and in the later part, they also leave as they find out that they are not suitable in this field.
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
August 31, 2021, 05:31:15 PM
#35
Trading skills can come after having the right knowledge about what trading really is. It is not an innate skill or hereditary that you came along having that skill already. It is build up from having the basics before getting into the broad things about trading. It is in need for a trader to have the knowledge before building up the skills needed for a trader. Skills comes after having those knowledge acquired through reading and observations and apply it on various experience so that you can identify what strategies and skills you need to formulate so you can lessen the possibilities of losses, instead you were up into earning profits.
sr. member
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
August 31, 2021, 02:18:52 PM
#34
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's no such thing about aiding or something like that because you could learn into those things on what those veterans or pros had learn too.It is just a matter of personal hard work and effort.

If you do really mean to learn up trading then self learn would really be just fine.All of resources you do need to learn up is already here on the internet and its just a matter on how you would

really be dealing with those and would make use of your time efficiently.You wont make yourself progress if you do just simply sit out and stare.
member
Activity: 518
Merit: 45
August 31, 2021, 02:01:08 PM
#33
Personally, first if I'm a beginner then I'd start trading with a small capital first.
Well, even trading with small capital, you still need to have some basic skills to analyze the market properly before making a trading decision. So at every point in time every trader need skills to survive the technicalities of the market.
member
Activity: 630
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rocket.hashbon.com
August 30, 2021, 05:21:49 PM
#32
Personally, first if I'm a beginner then I'd start trading with a small capital first. I can't take risks with large capital if I still can't trade well. In addition, the willingness to continue to learn and increase knowledge in trading is also important where in trading we must really have sufficient knowledge in order to be able to analyze and understand the market well. continue to learn to analyze the market in order to decide the right time to sell or buy. Don't give up easily with failures you've been through because it can be a lesson in the future.
full member
Activity: 1582
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August 30, 2021, 04:51:11 PM
#31
Actually, I am not a good trader. But at least, I implement these things. There are some terms that we must pay attention to when trading or learning to trade cryptocurrency.
They are at least:
- Studying about fundamentals analysis
- Technical analysis
- Deciding right decision at the right moment
- Good money and risk management
- Managing emotion
- Not interested in hype coins because it is very risky for me.
full member
Activity: 1140
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Buzz App - Spin wheel, farm rewards
August 30, 2021, 04:35:33 PM
#30
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?
if you are in a learning stage you must do basic and more research about trading. And always remember that you need to be more moderatien in the capital that you used on it, use only a small capital to avoid disappointment, I believe that most of the newbies will experience loss, so the solution is use a small capital or an amount that you can afford to loss.
full member
Activity: 1260
Merit: 103
The OGz Club
August 30, 2021, 03:18:52 PM
#29
Trading skills are different for everyone in the beginning I had no knowledge of trading so i used to throw some money randomly but i learnt a lot from different YouTube channels and as well as some courses so if you are beginner then you can learn trading before actually trading.
Many newbie traders go to Youtube channels for learning the trading secrets but the Youtubers can mislead the definitions, strategies, capital management rules due to lack of enough experience and just for sake of getting more views. I prefer to use babypips and similar trading-related online schools for getting reliable information, the explanations with the visual images are easy to understand.
That's right I also think that if just looking on Youtube channel it's not a right step to learn trading,
but back again to ourselves if we can get knowledge and understand it well I think that's good,
the most important thing is to choose a trusted Youtube channel
legendary
Activity: 2772
Merit: 1028
Duelbits.com
August 30, 2021, 03:02:28 PM
#28
Trading skills are different for everyone in the beginning I had no knowledge of trading so i used to throw some money randomly but i learnt a lot from different YouTube channels and as well as some courses so if you are beginner then you can learn trading before actually trading.
Many newbie traders go to Youtube channels for learning the trading secrets but the Youtubers can mislead the definitions, strategies, capital management rules due to lack of enough experience and just for sake of getting more views. I prefer to use babypips and similar trading-related online schools for getting reliable information, the explanations with the visual images are easy to understand. Learning through the videos can not be easier than reading the trading books written by pro traders like Mark Doughlas( btw read "trading in the zone" book).  I prefer to read the patterns on book than watching random traders on social media platforms.
sr. member
Activity: 1484
Merit: 253
August 30, 2021, 03:38:29 AM
#27
When it comes to trading in the market you can't think of income at the beginning there is a lot to learn and know at the beginning they need to be made to be well versed in trading if skills are created in trading, then there should not be any problem. But if you are not efficient there is a possibility of many losses the type of chart to acquire your own skills the resources that will later help traders make better decisions you have to take a little risk at first it is not possible to become proficient in trading without taking risks there is a loss they can learn something new.
Indeed. When it comes to trading, you must learn how the market works and know how to read it for you know what to do and earn. The skills a crypto trader requires comes from ongoing experience and development. You must need to learn the moves of cryptocurrency or the market of it for you to know what strategies you need to pick. Discipline also is a very important skill in trading. You need to have discipline for you to control everything around you especially when it comes to your emotions because it will led you to losses. Discipline will also help you make a better decision.
sr. member
Activity: 1204
Merit: 272
1xbit.com
August 29, 2021, 10:56:39 PM
#26
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?

Whenever i was a newbie I followed this method and also to all the newbies, i have been keep advising them to follow this.
Start with small amount at first few trades.
Understand the market, when the pump and dump coming.
And choose the right coin at last.
To make the trading more easy, you can follow paid signals or free signals from twitter.
Hope this helps you OP to understand things better.
jr. member
Activity: 238
Merit: 1
August 29, 2021, 10:52:53 PM
#25
Trading skills are different for everyone in the beginning I had no knowledge of trading so i used to throw some money randomly but i learnt a lot from different YouTube channels and as well as some courses so if you are beginner then you can learn trading before actually trading.
hero member
Activity: 1134
Merit: 517
August 29, 2021, 10:36:25 PM
#24
When it comes to trading in the market you can't think of income at the beginning there is a lot to learn and know at the beginning they need to be made to be well versed in trading if skills are created in trading, then there should not be any problem. But if you are not efficient there is a possibility of many losses the type of chart to acquire your own skills the resources that will later help traders make better decisions you have to take a little risk at first it is not possible to become proficient in trading without taking risks there is a loss they can learn something new.
legendary
Activity: 2394
Merit: 2223
Signature space for rent
August 29, 2021, 10:16:34 PM
#23
When you need to take suggestions about trading then that means you have to take the suggestions from a successful trader. But sadly very rarely you will find this kind of trader. I believe the only way to improve your trading skill is to lose and learn. Are you worried to hear it? But this is the truth. Because most beginners on the trading lost fund and improve skill. No, they don't trade for loss, they trade to make money but unfortunately, they lost. So what you need to do, trade with a very small amount of funds that you can afford the loss. To continue your practice and try to research on Google & YouTube how can you improve your trading skill. Hope some days you would be a pro-trader.
sr. member
Activity: 1876
Merit: 318
August 29, 2021, 07:50:59 PM
#22
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 can't really say my strategy will work for those newbies who wanted to start trading safely. However securing our funds will not be an easy task for us, so by doing technical analysis through basic ways would be better. Starting small amount is what I recommend and always have your buying power remain stable in order to buy when potential coins got a lower price. Sell while high and buy when its low, that's purely basic.

Sometimes the strategies that we use successfully do not guarantee that will success also be used by others. Because everyone's way of
thinking is different, it would be better for all of us to find a strategy that suits our desires. Maybe for a newbie to learn first about the basics
for trading, after that try trading practice with a small capital or can use a demo account. Becoming a successful trader requires patience,
so newbies have to be patient through the process to become successful traders.
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