What are the basics of trading? - page 10.

ozgun_a

jr. member

Activity: 126

Merit: 5

Quote from: sister1001 on January 21, 2018, 06:06:13 PM

If you were new to trading, charts, markets, etc.. Where would you start learning the common background and basics to be able to at least know what you do, not yet to know how to make profits.

The main rule of the market is that noone is your friend. They all try to transfer your wealth to themselves and vice versa. Your main purpose is to increase your wealth, by winning profits from others. Never forget this.

Secondly, the market consists of bull and bear cycles. Someone who got rich during the bull market and touted as legendary could become poor very easily when it is the bear market. So, be prepared to trade both sides of the charts or find yourself an indicator that will tell you when to trade and when to sit on the bench.

Personally, these two are the most important aspects of trading. If you want to learn more about the basics and some simple indicators, you can Google "Alexander Elder - the new trading for a living", a psychologist turned trader. I'm pretty sure pdf of the book is out there somewhere.

tantegope00l

newbie

Activity: 154

Merit: 0

need analysis of trading in play and not rely solely on market conditions of red and green. News from outside sometimes make price coins also be rising or descending and is always unpredictable.

Forbiddenone

sr. member

Activity: 585

Merit: 251

If you are not good at trading then the best choice is ico, majorly non trader use it gain profit as it is easy and risk free,as you invest you get bonus and they generally sell the crypto after it touch market .

bitcad4u

sr. member

Activity: 602

Merit: 255

Basic things need for the trading is
Capital: you should have some capital to inverse in trading.
Knowledge-You should get more knowledge about trading by doing some trading.
Patience-Patience is the essential one to get profit from your inversment in trading.

This three are common to bitcoin and altcoin tradings.

bhadz

hero member

Activity: 2520

Merit: 568

Payment Gateway Allows Recurring Payments

I started to trade with those coins that has names. I forgot if someone did suggested this here in forum or somewhere in other forums or groups. What I did is getting ideas from the prominent and well known traders who are creating analysis and posting it on public. And due to those opinions I'm making my own analysis and look on what's good and bad with that TA. Learning and experiencing are two different things, I would take lessons from my experiences and learn from my mistake of being greedy before.

erasheed28

full member

Activity: 224

Merit: 100

Quote from: vividbery on March 23, 2018, 03:26:35 AM

as I understand is selling coins when high green and buy coins when red. from the first concept to apply it, it will get an advantage that is promising.

Well selling high and buying at low might be the basic but try to observe as well the price to bitcoin of some alts not just the total price since it might the bitcoin that causes pump on the coins well in fact its better to sell during high price ratio of alts to bitcoin then wait for it to pump.

manhont

full member

Activity: 518

Merit: 108

Quote from: CryptRoller on March 22, 2018, 06:03:56 PM

Learn about technical analysis and try to understand at least these definitions and basic indicators: trend, moving average, stoch, RSi, MCAD, Ichimochu.
Then try to learn more about patterns (triangles, channels, head and shoulder)
From there, dig deeper.

I also want to add to the list the volume estimates, the construction of Fibonacci levels and the analysis on the Bollinger bands

bigbangmother

jr. member

Activity: 74

Merit: 2

I think you must have to get basic knowledge about crypto currency, crypto wallets, currency market and exchange platforms. Huh

tantra deva

member

Activity: 210

Merit: 10

I think the basic of trading is: Reading Trend, Recognizing Support Resistance is done by identifying market conditions, Identifying Price Action is the price that is reflected in the chart. Those who are used to relying on price action do not even need to use indicators to read price movements.

MasterMoon

jr. member

Activity: 252

Merit: 1

Quote from: buhna on March 23, 2018, 11:12:48 AM

In my opinion the main characteristic of trader is steel nerves. If you have not it you can't trade and always will be in a panic.

Why is that? If he really knows how to do some technical analysis like support and resistance and basic indicators they will know when is the perfect time to buy when it is oversold or overbought if they do that they will not panic they buy on the perfect moment.

buhna

member

Activity: 238

Merit: 10

In my opinion the main characteristic of trader is steel nerves. If you have not it you can't trade and always will be in a panic.

joelsamuya

member

Activity: 532

Merit: 41

https://emirex.com

In my own idea, and experience what i did before is i studied tutorials on youtube, it helps me a lot understanding all those complicated words and strategies, when to IN and when to OUT in a certain trades. For the first time, its hard i keep on doing what is good. All i can say is dont give up on what you do, and always study the background of certain trading pairs.

Thanks for creating this thread.

Manc89

member

Activity: 266

Merit: 10

There are a lot of topic here talking abiut how to be come an expert trader or what are the tips/techniques that you do in trading. So by reading all of that you can get an Idea on how trading must be done, and how you could make profit from it. Just read and read and read, because with reading can improve our knowledge and its so important.

Tactical Genius

full member

Activity: 434

Merit: 102

Leading Cryptocurrency and Blockchain Company

The basics to me are:
1.create and get your accounts on exchanges ready and funded with bitcoin or ethereum
2. Do an analysis of the various markets and choose appropriate pairs
3. Aim at buying at low prices(red on candle sticks) and sell at high prices(green on candle sticks).
4.withdraw your profits to your wallet

queenhallmark

member

Activity: 196

Merit: 10

the key to success is discipline. Full control over themselves, over their emotions, the creation of a set of their own rules, to fully control the very process of trade. Without rules, which you must observe without observation, it will not work. There should not be many, three or five is enough, but they should be fundamental. For example: buying a maximum of 3 coins, buying a maximum of 30% of the total budget of your portfolio and the like.

dealung

full member

Activity: 378

Merit: 100

1. Forex and Bitcoin are not the same - do not be forced. In trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoiner Idealis often confused must collect Bitcoin or just pursue profit in selling Bitcoin.
2. Holding Bitcoin means you are holding the goods to be sold.
3. Holding Rupiah means looking for the best position to buy merchandise.
4. Do not be greedy to determine sales targets, as long as it's a profit then get used to satisfied and do not try to sell at a price that does not make sense unless you really sure.
5. Dare to sell at a cheaper price when the market is negative so it can get a profit.

toygama

member

Activity: 280

Merit: 10

Quote from: blue_nexus15 on January 23, 2018, 02:27:01 AM

Quote from: chanpinchen on January 22, 2018, 08:50:19 PM

Understand the unit of crypto you want to trade, decide how much money you are willing part without feeling the pain, then wait for market dip to get in, take profit when your target reach without regret.

To me the most important thing in the trade is to preserve the capital. When you keep your capital, you have the opportunity to invest and make a profit from it. Do not risk too much with your assets. It can lose everything in this market because it is very volatile. I usually place a stop loss order when buying coin to avoid the market fluctuations too large that I did not react. That's how I preserve my capital.

Stepping in the next level is a very good challenge in any investment be sure we equipped with the proper tools use in that field, proper research read the forum and familiarize the different fields of trading it's also a mind game don't allow your emotions overrule your mind.

vividbery

jr. member

Activity: 221

Merit: 1

as I understand is selling coins when high green and buy coins when red. from the first concept to apply it, it will get an advantage that is promising.

sunsilk

hero member

Activity: 3038

Merit: 634

There are tutorials or virtual games that you can play that is made for future or aspiring traders.

I haven't tried out these websites and I don't have guarantee that you'll learn from it but you can try it out.

1. https://coins2learn.com/
2. https://coinmarketgame.com/

pragna

full member

Activity: 1582

Merit: 101

You have to basic knowledge of transfer coins first of all. You have to at least 10 exchanger account that you can trade. At present time you have to verified of that exchanger also. You have to vast knowledge about that coin that you want to invest your money. BEst of luck.

Topic: What are the basics of trading? - page 10. (Read 1852 times)