Topic: What are best sources to learn trading - page 40. (Read 17532 times)

I am not sure if this strategy would work for you or not but it works for me and I would also advise you not to follow any strategy blindly without studying about it.

When I buy for the investment purpose, I never but a lot of 100. I wait for the price to fall and during the price fall I put various orders with various units in it such as 10 - 30 - 40 - 60 etc and as soon as the price starts rising, I do the same in reverse order. It rarely disappointed me so far.

Probably youtube and reading some articles will do. Use the internet it is the great source of knowledge. And also if you really want to understand more must consult to an expert or a friend who has a wisdom about bitcoins. That is more reliable.

Learning from experience without acquring knowledge is useless. Of course before you start a thing for experience, you should study it first so you can apply on the thing you're doing. Experience is just a secondary source of knowledge in traidng. Learning from other people os the primary source of learning in trading.

Experience plays a key factor is trading but you should be active crypto community member and should know whats going on cryptocurrency you are invested or going to invest.some time the price dumps so much that it create hype , knowledge of reading chart graph is also skill other than experience.

Even though for now im just still planning to trade and finding a great way to learn it. This forum serves as a great teacher or source indeed. Im thanking everyone who has been sharing their thoughts.This is why I also love signature campaigns, besides earning you will rrally get learning from different kinds lf people all over the world.

I think the best source for learning trading is the experience of trading activity that we do, as time goes by, of course, experience becomes dominant to become the best trading source.

Well, if you invest to a good coin you must know the actual ico value and it's supply so that you will definitely have a reference to follow in the future prior trading your coins being hold. By that learnings you have you will gather knowledge by the moment you sell your token and certainly you've regret it because you sold it at a wrong time which maybe earn a lot better if sold in an exact time waiting for longer time. You can start trading at bittrex.com and certainly that site made me mature enough to learn tradings as well.

I would like to give some links but unfortunately I didn't mark those threads and links.
But, you are on right side as there are many threads here discussed about trading or give some prediction/suggest about good coins to invest. People who knows which coin will be pumped may not tell others as it could lead to loss but you will find some groups which share their knowledge in trading such as https://bitcointalksearch.org/topic/trading-safely-1944955
However, I suggest to learn about a coin before you invest on it, do not just buy some random coins which could ended to loss.

In this digital era, there are multiple resources are available to learn trading. Still many traders are sharing about their losing experiences. It means entire trading industry is getting more competitive. Just leaning will not be enough as more people are learning what you are learning and will pick those positions before you to make you miss the entry in trading.

A trader must give more importance for practicing compared to learning. That must be a right way of learning.

Thank you! It´s also helping me a lot in my journey to write this thread, keeping it updated, looking for more resources...
You're right, I am reading a lot and as soon as I understand a bit more I want to start doing intra-day trading with alts, to learn more.
I am reading about charts analysis, the points a coin should meet to make sure it's a good project, etc
Any good strategies you'd like to share that a newbie could find helpful?
thanks again

I have gone through the thread you quoted and it's really helpful not only for the new users but also for the experienced users to find all stuff at a single place. I also appreciate your efforts of starting trading with a low amount, however, I suggest you reduce the amount even further and increase the frequencies of the trades and try out different strategies. Do not forget to share the experience (even if you lose) so that everyone can learn something from it.

This is the 21st century. Networking and online systems have taken over all the manual systems and the survival of manual systems seem to be hard in the future. There are many online sites that helps to learn the trade. Youtube videos are much helpful too regarding the basics of trade. You can learn the basics of trade and starting work for it. You can get hints from internet in fact you can learn it by yourself. Experience teaches it all.

Have a small amount as investment and read all about the basic necessities to be a better trading personality. This will help you with the requirement and soon after this you could select few altcoins and continue analysing it's growth for a certain time period. When you feel yourself confident that the particular coin profits you invest into it rather than going with someone's plan.

Trading in cryptos can be difficult because many patterns present in stocks, bonds, commodities, etc., happen a lot quicker in cryptos.  Since spreads, fees, and especially volatility is a lot larger in comparison to traditional assets, even a few mistakes can be very costly for a day trader starting out.

One suggestion is try to understand markets on a whole.  Trade not just bitcoin, but oil, EURUSD, MSFT, AAPL, bonds, etc.  Trade whatever you can find.  Live it; revel in it.  You'll find that although cryptos have their own unique characteristics, markets will also tend to move in predictable ways on a multitude of horizons.

If you're familiar with modern portfolio theory, I like to think of cryptos as having some egregiously large multiplier on beta, such as 5-6x.  Rationalizing decisions based on that can help as well.

For market lovers like myself, https://www.reddit.com/r/wallstreetbets/ is also a lot of fun to read.  I don't suggest following their trades exactly-- especially if you're just starting out, heh-- but just reading about what people do and how they rationalize their decisions is a great way to learn and stoke your interest in markets.

I've been trading non-crypto assets and managing portfolios for more than a decade, in both short and long horizons.  Feel free to PM me if you want to chat.  A lot of the best stuff out there are not in books; they're in people's heads.

Jim

Checkout videos on YouTube. There are some very successful traders who upload their sessions for the world to see. You should be able to learn a lot from those alone.

Next, I would go for ebooks. I haven't personally looked into it, but I would imagine there are lots and lots of high quality stock/crypto trading ebooks out there which can help you.

Finally, you are going to need experience. There is no better teacher than experience. You WILL lose trading at some point. It is inevitable. No professional trader will tell you they have never lost. Therefore be prepared for the worst, study hard and remember the most important trading advice you will ever get: BUY LOW, SELL HIGH

I think being a successful 1 week trader may not be able to master trading well, maybe only limited basic knowledge of trading that can be learned in sepekan.apalagi via spectacle from youtube with 1 week is not possible to master the technique of trading well.
Learning trading is in dire need of guidance and supervision of people who have the ability in trading itupun certainly takes a relatively long time to become a successful trader

No you are wrong learning of trading is not only watching it is too different in actual trading although you can apply what you been watch but not necessary you are a good trader .You alwaays need to gain experience and lessons from failed trade for you to learn no trader learns within a week only.

Yeah you're correct. Watching in the youtube makes you learn how to trade. Their are many videos in the youtube that will teach you. 1 week is enough for you to become a good trader.

that is good advice, i know that watching a trading video on youtube can help us to learn about trading. sometimes i am watching too and i found there is many good video that we can learn. i am sure that after we watching that video, we can practice in real market and finally we can make a good profit. i think watching video is more effective for us because we can learn from live video and we can directly doing trading in real market.

As a newbie trader, watching how to trade is youtube is great to learn its basic conponents. However a newbie trader must also understand that it's not ennough thus reading some forums including this one would be tge best thing to ascertain what and how to trade.