Trading skills and strategies - page 3.

harizen

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Quote from: Cindella on August 05, 2021, 05:00:15 AM

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these. I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

You already found a useful source. You just need to be used to it and tried to understand every inch of information you will see there.

There's really a part where you will be confused or having difficulty understand a certain thing as obviously, you are a beginner in trading. Again, just continue and move forward.

As you progress, eventually you will know the answer to some of your questions.

Tygomi

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It's still a good idea to practice a little more, several awards for a certain one and paid, I want it, it helps to work on a real account.

Tygomi

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In trading, one should not give in to emotions, the cave, you need to clearly write a plan and move in this direction.

zanezane

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Quote from: Nigrinn on August 07, 2021, 12:06:43 AM

In this matter, the most important thing is not to rush and do not act spontaneously, you always need to clearly calculate your ideas, starting with the smallest.

Shouldn't that thing be natural to a person, I think impatience leads nowhere and everyone should know that at an early age. Spontaneous act could work in some cases but in terms of trading, those times that you can do that is still risky that is more likely to cause you some losses rather than wins.

Kimonoe

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Choose one or two trading strategies out of the numerous ones on YouTube practise it via demo or stimulation until you earn profits consistently, thereafter you can open a trading account with a credible and trusted exchange and start with a small fund to test your skills and knowledge acquired during practicing sessions.
Bear in mind that Its takes a lot of time, efforts and research to become successful in trading, these are not easy to accomplished in a jiffy but with dedication and perseverance you will get there, however erase the idea or mindset of becoming rich quick in trading.

tygeade

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Quote from: gabbie2010 on August 08, 2021, 06:55:51 PM

Bear in mind that Its takes a lot of time, efforts and research to become successful in trading, these are not easy to accomplished in a jiffy but with dedication and perseverance you will get there, however erase the idea or mindset of becoming rich quick in trading.

I agree that making easy and super fast profits must be the first imagination that most traders do have when they are getting into trading. If they understand the practical way of profit making from trading then probably they will have smooth experience while crypto trading otherwise they might lose all their capital as early as possible. I am one of them who lost all the capital on first attempt of crypto trading.

Quote from: gabbie2010 on August 08, 2021, 06:55:51 PM

Choose one or two trading strategies out of the numerous ones on YouTube practise it via demo or stimulation until you earn profits consistently

Consistency is the thing, most traders never bother. They choose a new strategy and customize it according to their risk management levels but never test them to find out the consistency of a strategy which makes them to lose when they try those strategy in real markets.

Quote from: Cindella on August 05, 2021, 05:00:15 AM

I need some help or direction in terms of process and strategy.

Nowadays, you can easily find lots of trading related resources available on youtube and with few other trading related websites. You may go for studying with few of ebooks which are available for free cost as well.

gabbie2010

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Choose one or two trading strategies out of the numerous ones on YouTube practise it via demo or stimulation until you earn profits consistently, thereafter you can open a trading account with a credible and trusted exchange and start with a small fund to test your skills and knowledge acquired during practicing sessions.
Bear in mind that Its takes a lot of time, efforts and research to become successful in trading, these are not easy to accomplished in a jiffy but with dedication and perseverance you will get there, however erase the idea or mindset of becoming rich quick in trading.

Clavulanic

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Quote from: Cindella on August 05, 2021, 05:00:15 AM

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

Cryptocurrency knowledge isn't having encryption, it should be shared transparently to other people who kept trying to deligate their skills. If you're going to trade for an asset, it should be done vigorously as the involvement here was really a tough decisions. Sometimes our strategies won't work, that's why we need the experts who can be our mentor before we learn the whole process. Tutorial fo apply, but it's more important to do hands on study in order to experience the reality of how it's going to work out.

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Quote from: Nigrinn on August 07, 2021, 12:06:43 AM

In this matter, the most important thing is not to rush and do not act spontaneously, you always need to clearly calculate your ideas, starting with the smallest.

I like what you said at the last, it is a true statement that most newbie traders have to remember. It's not really effective if they go big that quick as they start. They can start with little capital and then move on and upgrade a little by little when they think that they can embrace the risk higher. Having the right plan is true, it's like whenver you're not in mood, do not trade. That is simple as that. Although analysis is part of trading and that's the skill that he has to achieve but it's very achievable, while for the strategies. It's what the quote says as part of your strategy that you need to do.

Silberman

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Quote from: el kaka22 on August 06, 2021, 12:38:39 AM

Quote from: ?? on ??

Basically, it takes time and discipline to learn it, one thing.. you need high intention, if based on high intention.. it will be easy for you to master it, in various ways that can deepen it or as you mentioned above. Stay optimistic and believe in yourself that you will be able to master it.

Theoretical approach is different from what we encounter in live market conditions; it means you must master the practical approach and not just the theoretical one. Learning and mastering about trading its tactics are so easier for anyone but executing the right strategy timely manner is too difficult even for pro traders. Hence, a beginner must remain positive until practice everything in demo accounts.

We can learn 100s of trading strategies from books and videos but when to use one and how to optimize that according to our trading requirement kind of approaches will be possible only we possible if we try in live environment with least capital or in demo mode. So, learning about skills and strategies is only 10% of requirement to be successful in trading and rest are depending on how intensively you practice in live environments.

I agree that there is a big difference between the theory and the practice, but at the same time the theory is necessary in order to save themselves from a lot of mistakes that could come up once they begin to trade for real, so newbies need to train both and do everything they can to learn from all the sources they have available before they trade for real, after all once you begin to trade with real money there is not going back and any loss and win will have a huge impact not only in your capital but even in your life if the wins or losses are big enough.

semobo

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Quote from: Cindella on August 05, 2021, 05:00:15 AM

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

Encrypted means the paid course? Most of the youtubers provide paid courses which gives better guides about the technical analysis and maybe their personal strategies as well but whatever strategy they teach you it doesn't mean it will work for you so better learn everything for free from the guides available on the internet and find your own strategy which takes time, money and enough failures as well.

Nigrinn

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In this matter, the most important thing is not to rush and do not act spontaneously, you always need to clearly calculate your ideas, starting with the smallest.

Slow death

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Quote from: Phrahm on August 05, 2021, 11:12:44 PM

The ability to correctly analyze and read the chart makes it possible to make a purchase or sale clearly and without any problem

It's true, but it's necessary to do a correct analysis and put Stop - Loss because the price doesn't always really go up and if it goes down, at least the person won't have a big loss

OP I advise you to practice a lot with small amounts of money to be able to have experience, these demo accounts will not help you acquire good experience because the difference of being aware that you are trading with real money that you can lose everything with a demo account where are you not trading with real money Is very big

Sanugarid

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Patience, awareness and alertness are some useful traits that you can have when you're trading and no money required for some, just effort and nerves to have them. Patience so you don't easily panic, awarenss of the current state of the market so you don't buy and sell at the wrong time, and alertness for the trends that are coming and trying to capitalize on them while it's not yet on the mainstream market.

Wawa2013

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Quote from: worle1bm on August 06, 2021, 08:16:10 AM

Quote from: Cindella on August 05, 2021, 05:00:15 AM

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

If you are new to trading field then it's best to have knowledge about the market and keep learning and evolving with rules and marketing strategies which will best suit you.The past trading strategies won't work for you if you keep applying them without your intellect and research of the market conditions of the coin in which you want to invest.For newbies portfolio diversification is recommended but i would suggest to invest in bitcoin only if you have no knowledge of market at this time because there are so many fake coins which could devastate your portfolio over time so it's better to stay away from them.But making your own moves and decision is best advisable in this highly volatile market.

In my opinion, not only beginners should learn to succeed in trading, but even professional traders should not stop learning. So if we really want to
make trading as a source of income, we must not be lazy to learn, especially for beginners, they have to patiently learn all things about crypto trading,
in order to understand how the crypto world works. If we start to understand the crypto world. Next we look for an effective strategy to be able to
generate profits, in the process of finding an effective strategy will experience many mistakes. If we can fix all the mistakes we have made, slowly
our trading skills will improve. This will make it easier for us to make profits in trading, and can also determine good coins for trading. Since not all
coins are good for trading, it is safer to start trading with Bitcoin. Especially for beginners who do not have experience and knowledge,
it is highly recommended to start trading using Bitcoin.

Dewi Aries

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Quote from: Cindella on August 05, 2021, 05:00:15 AM

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

If you already found it, maybe beside research you can try to learn technical analysis by yourself. I mean with senses and strategy to minimize losses. Because maybe sometimes even professional trader made a mistake and with that mistake we should know how to get out from the bad situation if market not like what we expected.

Pamadar

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Quote from: Ararbermas on August 06, 2021, 07:14:04 AM

Quote from: Cindella on August 05, 2021, 05:00:15 AM

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

youtube is the most recommended way to any beginners who really wants to learn trading rather than reading articles and joining to some group related to trading because its useless. Unlike through youtube videos that you can learn different way or should i say the exact way how to perform in the real trading field especially when it comes how to execute indicators.. So you better put your time in it if you don't want to waste your time and if you want to start trading immediately.

Take your time analysing different strategy coming from those influencers who are sharing their strategy,

It can serve as basis since some of those sharer do real trading and they'll showing how to interpret the market and how will you
able to expect what will happen in the next few minutes/hours of trading, strategy and patterns are learnable, it's always depends
from how take it seriously.

fullhdpixel

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Quote from: Habskyy123 on August 06, 2021, 07:43:48 AM

The best option to develop your knowledge and skills is a demo account. At one time I used a demo account of the Amarkets broker for this, and I was quite pleased with the results.

These days, we can find provision of demo account with almost every broker/exchange but unfortunately no beginner prefers to find time to get practice in demo accounts. I must agree with you that demo accounts are very much handy tool to develop our own technical strategies and from that we can develop all the required trading skills for a profitable trading career but the basic requirements here must be passion and dedication.

Learning from books for better trading can help only up to some level after that what we are practicing in demo accounts and live environment may decide the fate of our trading career. So, it is definitely essential to find time and show dedication to practice in demo accounts.

Questat

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Quote from: Cindella on August 05, 2021, 05:00:15 AM

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

I stop thinking the word "encrypted" as I don't know what you mean, I go straight on you being a novice in this field looking for a place that something gives you comfort. But first, I just to tell you now that never think trading is an easy job to take especially in your position and this might not give you a happy life to live with.

Strategies? I think you have done enough watching on YT, only you need now is to apply it in real trading to evaluate if those strategies you've got from online search really work. And there is one thing I should say, don't overly confident that the learning you've got is enough, you still need to continue reading and searching.

worle1bm

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Quote from: Cindella on August 05, 2021, 05:00:15 AM

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

If you are new to trading field then it's best to have knowledge about the market and keep learning and evolving with rules and marketing strategies which will best suit you.The past trading strategies won't work for you if you keep applying them without your intellect and research of the market conditions of the coin in which you want to invest.For newbies portfolio diversification is recommended but i would suggest to invest in bitcoin only if you have no knowledge of market at this time because there are so many fake coins which could devastate your portfolio over time so it's better to stay away from them.But making your own moves and decision is best advisable in this highly volatile market.

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