Understand trading - page 4. | Bitcointalksearch.org

LimLims

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Quote from: amirahmed on September 15, 2021, 12:14:34 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.

If you mean understanding trading as learning trading then there is lot to learn before trading.
Trading can be considered as gambling as its not always assured that you will get profits.
So in order to understand or learn trading you need to understand the market.
Analyse the market for a couple of weeks and then use a demo account to trade.
Don’t invest a single penny unless you learn how to trade properly.
At last after gaining experience choose the best coin and invest on that.

Kanjeung

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Quote from: Zilon on September 15, 2021, 01:40:32 AM

Trading isn't like gambling where you take your games based on probability. For trading you need to gain mastery of how each Market behaves with a grounded knowledge about candle sticks and how the news affect this candle sticks.
For a start you need to

Get the knowledge
practice, practice, practice on a demo account
fund a live account

Mind you to remain profitable in trading business you need to keep your knowledge updated from time to time. Traders are consistent readers

I personally have been practicing on a demo account for a long time such as forex, binomo, but the changes in my characteristics are still far away, because I use a demo account. looks a joke when we use a demo account, my mentality is not shaken. Unlike the case with us practicing using real money from our wallets, my mentality was immediately shaken and very careful, I think a demo account can't change my mentality and is not really recommended for practice, practice and practice.

jaberwock

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Quote from: amirahmed on September 15, 2021, 12:14:34 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 good thing now is that there are demo accounts everywhere. So you are not just going to be reading about trading, you can also be practicing trading with demo accounts that you will find almost everywhere on every trading platforms.

So, I would say that you should give it a try before going into the real thing. Demo accounts are going to help you to understand what trading is all about. And when you start trading with real capital, nothing on these platforms is going to be strange to you, because you’ve already practiced them. Another good thing I think a new trader can do for his or herself, is to look for the guidance of people who have been there before them.

checkmatesir

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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.

sammark23

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The concepts and skills of trading can be achieved in a variety of ways. One can always learn trading online by reading blogs provided by a range of educational and trading platforms, or by searching the web for seminars and other videos. There are websites that offer courses that can be really beneficial, making them an excellent solution for newbies. Many platforms offer a demo or training account option that can be beneficial to both newbies and experienced traders, as it gives them a feel for dealing with real-life trading circumstances. People can now more easily get into trading than ever before, thanks to the widespread availability of the internet.

sheenshane

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Quote from: amirahmed on September 15, 2021, 12:14:34 AM

What are the most recommended methods that one could use to Understand trading?

There's a lot if you're willing to learn.

Video Youtube Tutorial
Here in the forum, Bitcointalk.org
Books and ebook
Copy trading or demo trading platform

These are the only example that how could you learn in trading. Because trading isn't easy to make money, it's very risky to jump up without even knowledge or lack of knowledge. You must understand the market flow before you'll enter either it is forex or in the crypto market.

Hippocrypto

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Quote from: amirahmed on September 15, 2021, 12:14:34 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.

This is a very important aspects with respect to trading, we can't be experts if we don't risk ourselves into something no familiar with. You should experience all the circumstances and consequences in order to achieve all rewards in the end. Understanding trading also involves our emotions and ability to handle pressures by the time of crucial fluctuations in dealing with unpredictable market.

sherenikaw

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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.

ethereumhunter

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Quote from: amirahmed on September 15, 2021, 12:14:34 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.

What do you mean by "understanding trading?" I think trading is an activity to buy and sell. So what you need to understand is how you buy and sell and learn more about trading, such as analysis, how to use indicators, how to search for the info, etc. Besides that, you need to learn when you can enter and stop trading so you do not buy the coin at a high price. You should learn many things about trading and the more lessons you can learn, the more you will understand about trading.

palle11

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Quote from: electronicash on September 16, 2021, 09:20:53 AM

understanding every aspect can only be acheived when you applied what you learned after some loss.

I take this advise as a good reason to know how to trade. Everyone trader has a strategy to trade but often we make loses and not just loses but huge loses that will take our accounts out from the market. Those times are important times for a review on the reasons to the lose and if we get to understand why we lost, we can correct our mistake. Therefore, a newbie can start somewhere and gradually grow on the strategy.

electronicash

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you go deeper into what they say buy low.sell high. this is what you will mostly hear from some traders who are providing tutorials for newbies but its not really that simple. becuase you need to identify how low and when can you consider the price to be low. this goes also for how high the price should be for you to decide to sell.

understanding every aspect can only be acheived when you applied what you learned after some loss.

kapalmabur

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Quote from: Ararbermas on September 16, 2021, 04:44:32 AM

Quote from: amirahmed on September 15, 2021, 12:14:34 AM

What are the most recommended methods that one could use to Understand trading?

knowledge of course, because without such things you cannot understand how trading really works and etc, so must educate your self first before anythings else. In fact all the information can easily find in the internet wherein even you used a simple keywords for it.. Make it as your priority if you really want more information about trading its a big advantage to be honest..

Yes, with advances in technology, one of which is the internet that helps us to make it easier to get information,
it depends on how serious we are in learning to trade,
so basically we don't need to worry because there is a lot of information about how to trade well on the internet

Ararbermas

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Quote from: amirahmed on September 15, 2021, 12:14:34 AM

What are the most recommended methods that one could use to Understand trading?

knowledge of course, because without such things you cannot understand how trading really works and etc, so must educate your self first before anythings else. In fact all the information can easily find in the internet wherein even you used a simple keywords for it.. Make it as your priority if you really want more information about trading its a big advantage to be honest..

el kaka22

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The most important thing that you need to understand before starting to trade is that no matter how well experienced you are in trading something else, here when you start you are at zero. First you need to study the market and the way people trade before you do any trades.

If you come in crypto unprepared and start trading right away then there is a 90% chance that you will lose all of your money. Of course, that 10% is still not about you, just because there is a chance that you may come in during a great bull run and make a good profit from first day if you are lucky but that depends on the market and still not to you. This is why no matter what you should always study and learn trading in the crypto world specifically to make a profit, if you do not do that then you are going to end up losing a lot of money and that is never good for anyone.

milewilda

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Quote from: amirahmed on September 15, 2021, 12:14:34 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.

Forex market or Crypto market it doesnt really matter because you would really be still needing the same thing when it comes to trading.They would really just vary with the volatility you are dealing with but with
overall concept of buying and selling is really just the same.What are the methods? Start up with the basics from simple terms of those indicators or platforms would be used and the rest will really be varying or depending on the experience that you would able to get when you do trade.Dont stop on learning because trading is a never ending learning for someone who do engage with it.

isaac_clarke22

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Quote from: amirahmed on September 15, 2021, 12:14:34 AM

~

Most of the knowledge I got were all from youtube, but as what mk4 mentioned, specify what do you mean by "understanding trading". Learning indicators? Learning the UI of whatever exchange you're using to trade? There's a lot of what should be covered in understanding trading.
It's becoming popular, but it's really hard to learn the ropes if you're expecting to earn in your first day.

huu78

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Lots of good articles to understand trading. You can find references from many articles. If you asked 'how to understand market movements' you have already answered, lack of information will cost you. But so far I only use 1 way to follow the market movement, namely with fundamentals. I suggest learning the fundamentals.

teosanru

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Quote from: amirahmed on September 15, 2021, 12:14:34 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.

I think it's just like any other subject or business, if you are putting in money in any business without proper knowledge or information in that business you are bound to fail, it's just that trading especially margin can be so risky that it can take away your hard-earned savings in just a matter of minutes, just one wrong trade can finish everything for you.
The most recommended method when you start is just do spot trading and only do mid-term trading or longer-term trading, avoid day trading if you want some peace in your life.

Quote from: Zilon on September 15, 2021, 01:40:32 AM

Trading isn't like gambling where you take your games based on probability. For trading you need to gain mastery of how each Market behaves with a grounded knowledge about candle sticks and how the news affect this candle sticks.
For a start you need to

Get the knowledge
practice, practice, practice on a demo account
fund a live account

Mind you to remain profitable in trading business you need to keep your knowledge updated from time to time. Traders are consistent readers

I don't know if you know trading or not, but probability is the most important element of a scientific trading system, otherwise, all you are doing is drawing lines and doing some self fulfiling prophecy.

Fesatmas

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Quote from: amirahmed on September 15, 2021, 12:14:34 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.

With limited knowledge, you should avoid trading on Forex. I suggest you pay more attention to the charts which will give you more time to control the trade. In fact, many people closest to me have complained when they started trading but entered the Forex market. Nothing profitable there. Then I introduced crypto to them until now they just said "I regret why I didn't trade crypto in the first place, I regret knowing Forex as the first trading platform known".

From this statement, can you take the point?

danherbias07

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Even if you get a hold with the right information losses will be there. The volatility will rekt you if you are greedy with taking high profits.
It's not like in just a blink of an eye claims will always be there. Traders should be emotionless to make the right choices and some added good luck that it won't go the other way from their prediction.
Volatility is such a mess but if done right it could be really profitable. Safe mode had always been my position with just little profits of income. It's not my daily job so I don't need to hustle.

Topic: Understand trading - page 4. (Read 537 times)