What do I have to learn in trading? - page 23.

yesss

member

Activity: 168

Merit: 10

Quote from: Nikkolodeon on January 08, 2018, 09:22:14 AM

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

To be able to trade well you need to know a lot of things, learn thoroughly about the coin you want to invest. You also need to learn the skills and techniques of chart analysis, combined with the information from the websites to make specific predictions and business plans. That gas you will be able to trade successfully and safely.
Good luck

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

The best tips to learn trading is to read information inside this forum, you can start by researching what type of trading are you going to do, long or short those are fundamentals that you needed to understand before you proceed and placing your investment, its your characteristic that matters because trading is not an easy task, you need to have a lots of time and patience, market fluctuates continuously and without any idea you might lose your investment anytime.

Mystezi

newbie

Activity: 14

Merit: 1

there are a few things you will need to master before you start trading for real

1) Learn to read the charts (candlestick). This is the most important skill that you will need in order to trade successfully. Know how to spot a trend and a reversal.

2) Trend is your friend. Never trade against the trend. Once you can correctly identify the trend direction, you can easily and safety buy the pull backs as long they occur within the major trend.

3) Have a trading plan .Many times things do not occur as your prediction ,you will have to cut loss quickly.Remind do not rush into making a decision or allow your emotions to take control of your trading.

4) Do not follow the news. Many atimes , prices do not follow the news but rather news follow the price.

Most important skill of being a successful trader is having control of your emotions and be disciplined in trading.NEVER EVER let your emotions take control of you. Once you master that, you are on your way to be a successful trader.

aoihs00

sr. member

Activity: 700

Merit: 300

Quote from: Nikkolodeon on January 08, 2018, 09:22:14 AM

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

There is perfect guide from one of the guy on forum which I just read through. If you are interested then you can visit via this link : https://bitcointalk.org/index.php?topic=2850179.new#new

The topic is made for the trading purpose only and looks like he have gone through all the aspects of trading or how people make the mistakes while trading through the crypto currency platforms. In general his tutorial gives you overview of different mistakes that people might just do, so you can help yourself by avoiding those mistake. The guy also point out the in depth analysis in terms of solution to avoid such mistakes from happening. A very good read if you gives your 15 minutes over that article.

gorodi

full member

Activity: 476

Merit: 100

Quote from: Nikkolodeon on January 08, 2018, 09:22:14 AM

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

Before starting trading just collect much information about the market of crypto. You should learn everything about altcoins you want to buy. Watch YouTube video devoted to crtypto.

yamortsac

full member

Activity: 154

Merit: 111

You should learn first how to trade in or how it works, then study or do some research about the coins you want to trade in. But don't place all your money in one coin so that if something bad has happen you will not lose everything. And if you lose, learn from that experience so that it won't happen again and instead you will be able to earn more profit. And the most important thing you must learn is the virtue of patience to be successful in trading.

Kingofbitcoin12345

full member

Activity: 462

Merit: 102

Trading is not for newbies who don’t read,, who don’t effort to learn and most important who doesn’t have patience.. It isn’t a game but a really serious job that requires knowledge to the coin and best trading site you prefer.. And by the way always be careful on phising site and must bookmark the right one.. Be ready to loss and don’t be disappointed because it will teach you a lesson through experiencing it..

Aikidoka

sr. member

Activity: 1078

Merit: 342

Sinbad Mixer: Mix Your BTC Quickly

If you are going to do a long-term holding, you should learn to be patient because patience is required if you want to have a good profit. Impatience is related to the emotions. If you master to control your emotions, you will be able to come up with a wise decision; either buy or sell.

You also should learn how to organize your time in trading. If you already have a job, focus on it and postpone trading for the night or for another time. Moreover, have your time to study the market and the majority of coins and ask experts which coin is highly sought by traders.

Jackblack90909

sr. member

Activity: 552

Merit: 250

You have to learn how to study carefully the market, the chart, and how to choose the most promising coins and tokens to trade. Learning this skills will help you to avoid the worst mistakes, and will minimize the risk of losing. This forum can help you to get such knowledge especially the community is very active here.

erik m.

jr. member

Activity: 48

Merit: 10

I find this website very useful www.stockcharts.com/education/
But since you're making this question in this forum, you might need much more than that. An expert might be of great help.

omonuyak

sr. member

Activity: 882

Merit: 269

you should first try to develop your skills through demo trading and if you are able to actually show profits in demo then you should put a very little amount of coins that you can actually be able to lose and then from there you are good to go.
Another thing that you will need to do is to be able to control your emotions during a bad position and this always make many newbies to sell there coins at a losses.

richminded

sr. member

Activity: 798

Merit: 268

You have to know everything about trading and you must understand how trading works. Start with the simple thing which are:
1. Read blogs, watch trading tutorials or go attend trading workshop and seminars.
2. Prepare yourself (Physically, Mentally, Emotionally and of course Financially)
3. Trade first with a small amount of capital.
4. Learn from all your experience and repeat the process.
5. Don’t forget to enjoy.

This is a simple thing than can guide you on your trading journey, long way to go just keep on learning.
Better to make mistake for you to learn, because loss in trading is very normal you have to be strong.

Wonder_woman

full member

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I am hired and not own by any Team!

Quote from: Nikkolodeon on January 08, 2018, 09:22:14 AM

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

It is the right thing that you do ask here before you go to trading. What you must do is to look for a coin which is the best for trading, you must consider these things, the volume of the coin, total supplies and circulating supplies of the coin, and look for the chart of changes in price. You must be wise when it comes to trading. You must learn about the coin you want to trade, join on their telegram or slack for you to ask them what is their plans for the coin or token.

MiiDoViic

full member

Activity: 308

Merit: 119

Quote from: whirlcoin on January 31, 2018, 08:08:27 AM

I want to tell you something simply,BUY LOW AND SELL HIGH this is you have to know if you want to trade.Try to buy the coins when the prices are falling and sell them at the bumps.But most of the traders are doing it oppsitely buying whrn the orice increasing and sell then in panic when the price crashing.

That's the most important thing in trading . Many new traders fall for the hype and think although the coin is at the top right now it's going to increase more . Well surprise it's either going to start correcting from there or will on increase a little bit more then dip . Also learn to control your emotions and don't just jump on the bandwagon ,because others are saying so. If it's not low never put your money in . When it dips and you are at loss don't sell immediatly try to wait and see where the price is gonna settle and if there are any support base that could make the price bounce back.

whirlcoin

full member

Activity: 602

Merit: 111

I want to tell you something simply,BUY LOW AND SELL HIGH this is you have to know if you want to trade.Try to buy the coins when the prices are falling and sell them at the bumps.But most of the traders are doing it oppsitely buying whrn the orice increasing and sell then in panic when the price crashing.

vijendra singh

newbie

Activity: 148

Merit: 0

Very excellent point you have chosen for discussion. It is better to know possibilities of mistakes at earlier stage so that we can avoid making those mistakes. I also had these points in my mind when I started trading.

Few points are there which we should keep in mind while trading.
1. Control the emotions.
2. Avoid over buying
3. Don't be panic when rates go down.
4. Wait for good time to come
5. Don't take more risk than your capacity

meyklove

member

Activity: 210

Merit: 14

Quote from: Nikkolodeon on January 08, 2018, 09:22:14 AM

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

Do your own research is the best way to learn about trading. Don't be afraid of losing because there you will learn and be wise. Even top traders loses but never give up on what they believe in. Just control your emotions and the rest will follow.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: Indrawan77 on January 31, 2018, 05:51:28 AM

I suggest you to follow some trading signal, sometimes their prediction can be your extra information to help you to decide

I do not agree for following others' signal. Because it may lead to disasters as no one could be perfect and if some delay happens for signals to arrive then the possibility of making profits also will be decreasing. Having own analysis to generate signals must be the right way. Learning technical analysis and then generating signals is not too hard task for anyone.

Quote from: Nikkolodeon on January 08, 2018, 09:22:14 AM

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

If you dig this forum and this section, there could be thousands of similar topic and people have already suggested many effective ways on how to learn trading and how to excel in trading. Please try to find them and make use of them instead of waiting for someone to suggest here. (also better lock this topic, if you find your results).

Indrawan77

hero member

Activity: 1274

Merit: 516

Learn the basic of technical analysis and the search for the information of the coin that you want to buy, the more detail you search the better, and if you are just newbie just buy the top 10 coins in marketcap, and I suggest you to follow some trading signal, sometimes their prediction can be your extra information to help you to decide

Beerwizzard

full member

Activity: 924

Merit: 148

The only thing that people on this forum always forget (usualy everyone say like "just fund your account and everything will come with experience") is that you need to know something about the charts and indicators. Knowledge about the basis of the technical analysis will be enough. Those kind of things is the same in all markets and there is a lot of forex lessons in the internet that can help with this. And then you can analyze coins and start trading.

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