Understand trading - page 3. | Bitcointalksearch.org

bitgolden

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Quote from: Dewi Aries on September 19, 2021, 11:39:36 PM

maybe if there are method is copy trade which nowadays there are some websites that allow people to do copy trading so we can copy what other people order right after they execute it, but there are no guarantee if we will always get profit in there.

Copy trading is very much similar to buying signals and as far as I have watched none of my friends were profitable through copy trading functionalities as they need to pay monthly subscriptions along with losing trades.

I have seen many traders who are buying signals, trading with the help of bots for automated trading and copy trading by following pro traders. But at the end of the day, there are a lot of other criteria we need to consider for making consistent profits from trading. Because, just getting signal alone will not decide our profit/losses in trading but timely decisions and how many positions we are taking and how we are making use of trailing stoploss kind of things are more important even you are getting very good signals from any of above resources.

Dewi Aries

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Quote from: amirahmed on September 15, 2021, 01:14:34 AM

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.

There are no spesific method in trading, we analyze by ourself or maybe ask for signal and then trade with our own way. Or maybe if there are method is copy trade which nowadays there are some websites that allow people to do copy trading so we can copy what other people order right after they execute it, but there are no guarantee if we will always get profit in there.

GeorgeJohn

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Quote from: amirahmed on September 15, 2021, 01:14:34 AM

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.

For you to trade you need to learn how to trade the market whether Cryptocurrency market or other financial markets. In trading we three perspectives which you can trade the market from. They are:
✓ Fundamental perspective
✓ Technical perspective
✓ Sentimental perspective

Fundamental perspective involve using news and other information that are gotten from the market activities to analyze the market. Fundamental perspective is a very important tools in the market that can give much profits if a trader knows how to play their games well.

Technical Perspective involve data gotten from the market charts based on previous market reactions. They include Candle Sticks, Market Structure, Chart patterns, etc. Technical analysis is the most popular tools that are used in the market to predict future price movement of the market.

Sentimental Perspective involves individual perspectives of the market, how the price movements can be used to analyze the market.

You need to learn at least the fundamental and the Technical perspectives to be able to be good in analysing the market. Trading is risky and treat it with caution.

RILWAN

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First get adequate knowledge of the trading pair you want to choose and try to start your trading journey with a small capital and with a single pair in other to be able to concentrate accurately.

palle11

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Quote from: martina14 on September 19, 2021, 03:04:14 AM

Most of the time the majority of the community who got entered here in the forum particularly newbies they mostly lack of knowledge in trading here in cryptocurrency, even they get a little bit idea this newbies felt they are experts. Therefore, in trading we should learn continuously here in crypto space never stop until we get what we are aiming in the cryptocurrency.

The major challenge ol newbie is greed and that is the problem that will make many lose their money. leverage trading, martingale and some more are fast ways to gather profit but it is suppose to be a risk taken by experienced traders. Newbie that doesn't want to be patient and learn the ways to trade and also the risk involved in the business may keep having the trading challenge. Learning every bit of trade is important to succeed and patience is key, it is a rise and fall adventure until it gets better.

doremonchina

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if you can understand trading then first make a trading account then read some market position that when market crush and when stable and also learn about analyze the market and coins graph if you learn will about market then make some practice of trading in small amount and keep eyes on market position if you

learn these things then start risk free trading and make good profit.

jostorres

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Quote from: amirahmed on September 15, 2021, 01:14:34 AM

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.

Trading is over popular and available to everyone but these cannot be the right reasons for you to get into trading because trading is suitable for only very few people who are finding more free time to analyze the market and to monitor the market movements. So, if you are able to remain committed toward dedicating your time and efforts for learning all the requirements of trading then you may decide to get into trading. Still, your level of capital and risk and money management skills alone will decide your profit levels in trading. So, I guess you must take at least one year of time for preparation of trading.

Sayeds56

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Quote from: amirahmed on September 15, 2021, 01:14:34 AM

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.

In deed, Trading has become very popular now, in particular after crypto emerged as fast growing industry. . People have been trading in stocks and forex since years but crypto created new opportunities in it and early birds in crypto made huge profits which attracted new investment as well as youngster are even greatly enthusiastic to adopt crypto trading as their profession. Like many other professions crypto trading also requires knowledge of crypto, good understanding of technical indicators as well as skills of money/risk management to be a successful trader.

martina14

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Most of the time the majority of the community who got entered here in the forum particularly newbies they mostly lack of knowledge in trading here in cryptocurrency, even they get a little bit idea this newbies felt they are experts. Therefore, in trading we should learn continuously here in crypto space never stop until we get what we are aiming in the cryptocurrency.

CryptopreneurBrainboss

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Quote from: amirahmed on September 15, 2021, 01:14:34 AM

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.

While since this is a cryptocurency forum letd shift the focus to cryptocurency and not the forex market. The forex market is less volatile and more matured than the cryptocurency market although they aren't that different from each other as they all have to do with reading and understanding charts. Trading is just been over hyped as it doesn't do what its been spread about that it does and that which is making people rich.

Trading instead as regrads to popular opinions are actually making people broke instead of rich, it's no joke that majority of the traders end up losing and when you observe the market you'll realized that this is true. Greed don't allow interested users to learn and understand the skills required for trading, they just right into the market without preparation.

Ryker1

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Well trading is always considered as a sort of gambling, --though it almost has the same concept, not like gambling that you cannot increase the chance of making a profit if you don't have knowledge about this. We know how risky trading and we should know the possible outcome in the future and learn to move on once we lose on it. Perhaps the best way of learning on trading is to keep a practice on a demo method and then after that, try to trade using copy trading on a trusted exchange platform and the last is do your own trading with your own analysis and skills. These will perhaps will help you to boost your skills in trading.

Fesatmas

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Quote from: Oceat on September 17, 2021, 07:21:02 PM

Quote from: sherenikaw on September 16, 2021, 06:24:41 PM

the main point is to increase knowledge about trading, as much as possible multiply and deepen knowledge about trading. if it has been done then we can try it with a little capital first. all of that requires a process and also needs to be trained so it does need more effort. Over time, of course, we can understand and analyze the market well so that we can determine the right time to sell or buy coins. it is necessary so that we can make a profit in trading.

If a newbie would follow your advice they might as well lose those funds first and it would be difficult for them to recover it. There are tons of useful information on the internet and especially the ones that these people posted here that has a link is very, very useful if someone is eager to understand how trading works.

Trading is different from gambling and what you are trying to teach to them is more like of a gamble. Which means they have to practice on the actual market where they don't have a proper knowledge and experience about trading. So I think you know what's the problem if someone actually dive in on a whale market.

I don't think there is anything wrong with what he proposes, even the concept is quite easy to understand, knowledge, learning process and output are profit? Where do I find the type of gambling here?
Do you understand gambling and the concept of betting on luck and also easy to lose? Your logic is actually reversed, so in the trading he mentioned and the point is that's what it is.

Oceat

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Quote from: sherenikaw on September 16, 2021, 06:24:41 PM

the main point is to increase knowledge about trading, as much as possible multiply and deepen knowledge about trading. if it has been done then we can try it with a little capital first. all of that requires a process and also needs to be trained so it does need more effort. Over time, of course, we can understand and analyze the market well so that we can determine the right time to sell or buy coins. it is necessary so that we can make a profit in trading.

If a newbie would follow your advice they might as well lose those funds first and it would be difficult for them to recover it. There are tons of useful information on the internet and especially the ones that these people posted here that has a link is very, very useful if someone is eager to understand how trading works.

Trading is different from gambling and what you are trying to teach to them is more like of a gamble. Which means they have to practice on the actual market where they don't have a proper knowledge and experience about trading. So I think you know what's the problem if someone actually dive in on a whale market.

mksundip

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Quote from: amirahmed on September 15, 2021, 01:14:34 AM

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.

The most suitable trading recommendation for beginners is classic trading. where someone buys at a low price and sells at a high price. it's simple, but requires analysis to keep trading running normally

chanler

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an understanding of trading itself is important, such as increasing knowledge about trading and also practicing and gaining experience. Trading is not something that can be done haphazardly, it requires analysis and also a good market understanding in order to decide the right time to sell or buy coins. if we can do that well I think it will be a good provision for trading too. it's just how we can face the crytpo market that sometimes goes up and down and learn to be calm in all situations.

adzino

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Quote from: amirahmed on September 15, 2021, 01:14:34 AM

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.

The first thing a person should do is gain knowledge about the market and how it works. Gaining through reading articles, contents or just watching shouldn't be the only way. In fact, its better not to do that because you might end up being confused. Secondly, choose a platform and learn about the platform. See what features it has and try to feel comfortable using that platform. Finally, you should start trading. Start small. You will end up taking a lot of wrong moves. Learn from those. Eventually you will get better!

haidil

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Currently, there are many guides that you can find in various articles, journals, online class books that will teach you how to trade. Plus seminars that you can now find on every social media. You just need to choose one that you can reach and really learn and work on one by one. Then you will find what you are looking for. Everything just needs to start starting from self-motivation.

Symmetrick

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I would recommend first reading a couple of books about pricing, Japanese candlesticks, and trading patterns. Then create a demo account for an initial understanding of trading. then create an account on a real exchange and start learning to trade on the real market, trading in amounts of $ 10-50. This will allow you to develop your own real trading strategy. Do not try to develop it on a demo account, you will still lose money when you enter the real market. And there are many factors. And after numerous practices, choose the pattern that you understand best and only trade it and then you will achieve success.

- Select demo accounts here: {LIST} Demo Trading Platforms

- Why you need to create your strategy not on a demo account, it is described here: Is a demo account necessary for a beginner trader?

- The mistakes of beginners when trying to increase the deposit on the exchange are discussed here: Newbie mistakes when trying to increase the deposit

martina14

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Quote from: amirahmed on September 15, 2021, 01:14:34 AM

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.

Understanding in trading is very important to all traders here in cryptocurrency. Without this thing, it will be hard for sure to earn in the end.
So, I think being an empty cup is very important for the individual trader, so that every learning that you will get via experience in the actual trade in the exchange will lead us into knowledge about it, just simple as that.

ipanks

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Quote from: checkmatesir on September 17, 2021, 02:33:40 AM

A quite interesting topic is discussing people here, i would suggest every trader to know some of the basic strategies of trading and get the main aims on the coins like in trading which coins he want to buy and what are its favorite coins which he always want to trade on, for which he have his own trading strategies that he should follow.

As long as you can analyze the market moves, I think you will find the time to enter trading but as always, the more you can learn about trading, you will have a chance to get the right coin and make a profit. If he gets lost in trading, that is normal because every trader will have that experience and more opportunities to recover the losses. I am sure if he can learn more, he will improve his skills, which means he will have the chance to make more profit.

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