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Topic: Understand trading - page 5. (Read 490 times)

legendary
Activity: 3108
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
September 15, 2021, 12:30:56 PM
#8
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.
legendary
Activity: 3290
Merit: 3011
BTC price road to $80k
September 15, 2021, 12:22:50 PM
#7
I think you are looking for some guide to avoid losses in your future trading plan?

There are many people who already ask the same thing here on the forum or related to this topic but overall, they are all the same.
If you want to learn about trading and understand how it works there are some links that I know could help you start to learn about trading including free and paid tools.

Here's the link "Awesome trading guides and tools"
Don't forget to use the trading simulator under that link and use the skill that you learn from guides there and apply you don't need to spend money to practice just make sure to think like real trading.
legendary
Activity: 2520
Merit: 1721
Rollbit.com | Crypto Futures
September 15, 2021, 10:45:49 AM
#6
why should you start in the forex market? are you a forex player who makes a trhead on bitcointalk inhabited by crypto activists.

if you ask about what method is recommended, you should try it first. There are many technical analysis methods that can be used. Technicals are also combined with fundamentals, and the initial strategy also needs to be determined. and what becomes very important is to do capital management, risk management and train psychology. So there's a lot to understand. The most important thing is to learn the basics first.
legendary
Activity: 1904
Merit: 1563
Bitcoin Casino Est. 2013
September 15, 2021, 09:24:34 AM
#5
What are the most recommended methods that one could use to Understand trading?
Understanding trading is an umbrella term which could give you a lot of answers and methods on how you could potentially make profits in the long run, this means that you need to do lot of reading, charting and testing multiple strategies to familiarize yourself from the repeating patterns that occurs on graph until you become comfortable in trading the market.

Or if you are looking for some resources to learn the basic concept of trading then I highly suggest to check this --> https://github.com/SpiralDevelopment/Awesome-Crypto-Trading.

hero member
Activity: 2842
Merit: 625
September 15, 2021, 04:46:41 AM
#4
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.
It is true that having little knowledge is dangerous because you'll lean on that knowledge and you'll think that you've got enough.

This is why, before entering the forex market, one should get a thorough understanding of the subject.
But this isn't the forex market but a bitcoin or crypto market and a bitcoin forum.
mk4
legendary
Activity: 2786
Merit: 3845
Paldo.io 🤖
September 15, 2021, 02:47:16 AM
#3
Depends on what you specifically mean by "understanding trading" because that's pretty broad lol.

If you meant understand the concept of trading, then simply just read dozens of articles freely available online.

If you meant understand how to trade specifically, then it's mostly just practice + a bit of psychology(controlling your emotions and all that).
sr. member
Activity: 966
Merit: 421
Bitcoindata.science
September 15, 2021, 02:40:32 AM
#2
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
newbie
Activity: 7
Merit: 1
September 15, 2021, 01:14:34 AM
#1
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.
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