Topic: Understand trading (Read 490 times)
Trading is not just a prediction with the market movement this consist of different things like technical analysis, market strategy, trading plan, experience, budget and knowledge. Also when making a trade always set a designated time frame when you can focus on one trade you don't need to FOMO, trading always needs to have a risk but having prior knowledge and understanding you can lessen the possible risk and loss of assets. Always learn from your previous mistakes and the mistakes of others. Always set a limit with your self, not all the time we got a winning trades greed makes us more vulnerable to losses.
You want to understand what is trading then its simple buy low and sell high. However predicting the market is the real game which is not going to be 100% for anyone still we can manage to find something based on the technical analysis.
To practice we can use deno account which can be only useful for finding how to make trade order and basic things but we can find the real pressure when we trade with real money.
To practice we can use deno account which can be only useful for finding how to make trade order and basic things but we can find the real pressure when we trade with real money.
As for me, before focusing on a certain method, you should first have the proper mindset to do trading so you'll know how to deal with every market situation. Knowing when to sell and when to buy would be an advantage especially if you have set a good target goal. Understanding at least the basics of trading would be a good help.
Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.
Learning to read is important because for you to become a good trader, you have to be reading books that are written by professionals in this sector.
It is quite difficult to actually get into that mindset in most of the situations. I would hesitate to say that trading is a simply done thing, not the act itself but the idea of becoming a trader is not something that is easily done. This is why I believe that there are so many complications and so many losses in trading by so many people. If we look at it from just the trading itself approach, there is really nothing that too complicated that would make it difficult.However, if we look at it from the becoming trader part then we realize that it is not really that easy and it becomes a big challenge in the long run and that is why I believe that we should be more careful about becoming a trader and focus on that part instead of just how to trade part, since the first one is a lot harder. Obviously, it could be both done but first is still a lot harder.
You can always start with a demo account, especially if it is free and the manager is ready to help you, as with Amarkets, so you can buy it and then go to a real account.
Its a good start to use demo account but I don’t think any manager will help you because there’s no such thing in crypto exchange and you should not depend to anyone. Understanding trading takes time because you need to consider everything, you have to set up your capital, your goal and your strategy. In trading you should be more responsible, learn the process and don’t think for any easy money here because trading is too risky.
The most important thing a trader needs to understand is that the trader's work process is not very simple. It always requires attention and time.
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What are the most recommended methods that one could use to Understand trading?
Try to be patient when ever you want to trade in the market. Those that exercise patient in the market, it hard for them to lose profits than to achieve massive profits from their trade. Anytime the price decrease show that there will be many buyers in the market waiting to buy and hold for future purpose. Try to sell when the price of that particular coin increase in the market, that show that there are many sellers in the market waiting to sell their coins to the buyer to earn well in that particular period.
if I personally always look for information about bitcoin, why? because what I know, when the price of bitcoin goes up, surely 85% of other coins must go up and I see from the good side of the coin / token itself. Fundamental analysis of crypto assets requires an in-depth understanding of the information circulating. For example, you might look at the usage model, the number of people using it (volume), or the team behind the project. I always buy top 10 tokens/coins and use top 5 market.
Apparently, they did not immediately understand what he meant, so this was the answer.
You can always start with a demo account, especially if it is free and the manager is ready to help you, as with Amarkets, so you can buy it and then go to a real account.
Its a good start to use demo account but I don’t think any manager will help you because there’s no such thing in crypto exchange and you should not depend to anyone. Understanding trading takes time because you need to consider everything, you have to set up your capital, your goal and your strategy. In trading you should be more responsible, learn the process and don’t think for any easy money here because trading is too risky.Mostly in that type of website, they're helping for support concerns not in actual trading.
You can always start with a demo account, especially if it is free and the manager is ready to help you, as with Amarkets, so you can buy it and then go to a real account.
Its a good start to use demo account but I don’t think any manager will help you because there’s no such thing in crypto exchange and you should not depend to anyone. Understanding trading takes time because you need to consider everything, you have to set up your capital, your goal and your strategy. In trading you should be more responsible, learn the process and don’t think for any easy money here because trading is too risky.
The method I often use in forex is the first to determine support and resistance. Next I use indicators that are easy for me to understand such as RSI and MACD. Although this does not determine a definite profit, but when I open buy and open sell it is easier for me. Often the methods I use provide an advantage.
If I was to start all over new, I would start by learning what a trend is, and where to enter a Trend. Classical as: L/H/HL/HH and vice verca. Next would be defining Ranges and how to trade/avoid them. And then, if neccesary, add what ever you feel is missing, besides a solid money management. That goes for BTCUSD as well as everything all
You can always start with a demo account, especially if it is free and the manager is ready to help you, as with Amarkets, so you can buy it and then go to a real account.
Learn and experience if you want to get into trading, understanding is just one part of it, you need to be empathetic since you're going to think how others might do in the market. Emotions aren't an enemy, contrary to popular belief, you can use emotion to your advantage but don't use it too much though as that's when it becomes a problem or hindrance.
Emotion contribute on how you made your decision since once you feel fear from the market condition happened by the time your holding something provably you will end up dropping what you have and save yourself for huge lose that you think it may occur to you. This is the reason why before you go to trade you must be emotionally prepared on the consequences brought by the market and to be prepared we need to be more educated also be experience on some market scenario so that we can stand or able to hold or do smart move to cut loss then buy at the dip to convert those to possible profit in future.
Learn and experience if you want to get into trading, understanding is just one part of it, you need to be empathetic since you're going to think how others might do in the market. Emotions aren't an enemy, contrary to popular belief, you can use emotion to your advantage but don't use it too much though as that's when it becomes a problem or hindrance.
What are the most recommended methods that one could use to Understand trading?
The first method is to know your investing capacity and how much you're willing to invest. Because whether you have the best strategy in trading but if you don't know how much you can risk, that isn't just right.Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.
Part of the first method that I've said is also DYOR. The new comers that don't do research are investing blindly. legendary
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What are the most recommended methods that one could use to Understand trading?
Read? I mean there are so many places to read from and the internet is open to everyone and you still ask a question that is this naive?Quote
Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses.
True, this can be difficult at times because freely accessible writing can involve a lot of manipulative topics and unverified information. But generally going with the consensus, you can learn a lot from just reading charts and trying to correlate with news.Quote
This is why, before entering the forex market, one should get a thorough understanding of the subject.
Crypto is not equal to forex. Maybe crypto does involve exchanging one currency to another but these are also assets and they are not same. Someone who knows forex should stick to forex. Changing the game if often bad for the player. 
What are the most recommended methods that one could use to Understand trading?
Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.
Well I think everyone knows that before we do trading activities we need to know more first how trading works and how to make profit on it. We need to understand that trading is different from play to earn games or any kinds of crypto gambling that we can see in social media, trading is a kind of work that needs fucos and it needs time don't rush it, make a self study while doing trading for good. Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.
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