What if I don't know how to trade | Bitcointalksearch.org

Agbe

hero member

Activity: 854

Merit: 1246

Quote from: Wakate on September 16, 2021, 11:38:51 AM

Sometimes when I scroll through the forum threads, I'm always amazed to see questions like; Can someone teach me how to trade? Where can I learn how to trade? How can I use indicator to trade? You know what? These questions always get what they deserves. The right answers always pop-up on the table for everyone to learn from different perspectives. Bitcontalk.org is a great library of information from substantial sources, so don't mess with it!

How can I learn how to trade? This is a question every had been asked from one time to another, from one person to another without paying much attention to what it would take to be a trader or one losing trades. Trading is just like a game of thrones. The tough will end up getting the balls rolling when the weak might have left the track due to inconsistency, fear, ignorance, weak strategies, weak risk management and greed.

You can either get trading skills here on the forum by asking questions and getting answers or attaching your time with sites/platforms that give trading lecturers, be it online or physical classes.

Are you going into trading for the money or for the knowledge?
Don't be too faster than your shadow, trading is not meant for the lazy. Don't think immediately you get into trading, you'll making money, cos time is necessarily important to gain mastery. The great traders who are making great profits from trading had already sow the seed and now reaping their harvest so let's be patient. Don't rush cos slow and steady wins the race..."Power of consistency" with brain not just working blindly.

Get the skill before going for the money. More money is the goal but a sacrifice has to made. We need to learn thoroughly become dexterously brilliant to analyze the market. Do fool yourself with greed or over curiosity cos it might lead to confusion not necessarily becoming a short term deficiency but a continuous defect that can relinquish our faculty of the market.

Base on your Title. "What if I don't know how to trade"?
Anything you don't know in this world, you ask questions to Know and learn more. Nobody is an expert in anything because new things are coming to the world every week.

But if you really want to know and learn you must ask questions. Don't be reluctant and idle.

Rockstarguy

hero member

Activity: 966

Merit: 573

God is great

Quote from: Wakate on September 16, 2021, 11:38:51 AM

Are you going into trading for the money or for the knowledge?

Does anyone go into trading just to get only knowledge? I think the main reason why people people go into trading is to make profit. It does not make sense getting knowledge for trading and the knowledge not applied to trade. Having knowledge in trading and starting a trade goes in hand together, but what comes first is Having the knowledge then apply it to start up a trade.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: ?? on ??

I always follow and suggest the HODL strategy. Hodl only downside is that it takes times but its less risky as compared to day or short term trading.

It's a good call. And indeed, HODLing has its downsides too. One has to have money he can afford to lose or have it locked for long time. One has to have read and trust the investment. And one has to learn patience.

If he has patience and trust/knowledge he will not be tempted to FOMO then panic sell (buy high, sell low), since Bitcoin price has its ups and downs, which can make hodlers too uneasy.
But I agree, holding is much easier than trading.

leverageguy

newbie

Activity: 23

Merit: 0

You can learn trading. Traders need to have knowledge of technical and fundamental analysis. Traders need to be disciplined to become profitable from trading. It’s consistency that makes trading difficult. If you can backtest, learn and strategize, trading can be very rewarding.

Alisha-k

member

Activity: 840

Merit: 23

Quote from: JoyMarsha on December 30, 2021, 05:48:55 PM

This topic has been treated countless times already. In as much I can tell. Nobody goes into trading just for the knowledge rather it's for the money. It's very difficult to master trading, it takes a whole lot of time, knowledge and energy to be a pro in trading.
In trading, you gain and also lose at times. Everyone doesn't need to learn how to trade in crypto. Trading is a matter of choice

and if one doesn't learn, then he/she should be ready to learn from their loses, because it would only take grace to make profits if you've not learnt how to trade and you push yourself into it.
I'll rather advice, if you find it unnecessary to trade because you feel you'll still run at a lose with or without the knowledge, then I say your wrong, rather than have such mentality, learn the basics.

Quote from: Gosgosking on January 07, 2022, 06:53:55 AM

If one keeps self from learning that is to say trading is not meant for the person. It is a bad idea to force yourself on trading when you don't have any understanding about trading. Trading can be learn in many ways online or offline , you can choose the that seems okay to you.

exactly my point, no knowledge is a waste, if you want to progress immensely at what you do, it's best that you put in time, efforts and money in other to learn them, the fulfilment and joy that comes with that alone is enough to make you aspire for more knowledge.
There's usually a difference in all spheres of life between someone who's knowledgeable in a field from the one who's just learning from the experiences the make along the line.

Quote from: ?? on ??

Anyone can learn trading, but not everyone can become a trader because good traders are disciplined and patient. However, these qualities are hard to develop because we all look for instant results, which is the problem why many quit trading or fail doing so. If you want to become a trader, I would advise you to study the market thoroughly and understand the risks involved in it.

so to become a good trader, while learning how to trade also build discipline and build your patience level, it's true that crypto comes with lots of heart shockers, some are positive and others negative, most times it seems the negative out shines the positive and it makes people want to quit the system, so you need to be disciplined and patient to stay through it all.

nurilham

sr. member

Activity: 1428

Merit: 436

duelbits.com

Every trader has their own strategy for trading and it's true that it all takes a process. Skills and knowledge are needed in trading in order to trade well. Some people fail in trading because they are not ready in knowledge or mentally because trading requires a strong mentality to deal with the ups and downs of the crypto market. Trading is risky but it can be learned so if we want to learn and also make peace with the ups and downs of the crypto market then it can be skipped. it's true that don't be too hasty because that will make our minds become restless and more emotional.

Gosgosking

member

Activity: 672

Merit: 16

If one keeps self from learning that is to say trading is not meant for the person. It is a bad idea to force yourself on trading when you don't have any understanding about trading. Trading can be learn in many ways online or offline , you can choose the that seems okay to you.

JoyMarsha

sr. member

Activity: 812

Merit: 349

This topic has been treated countless times already. In as much I can tell. Nobody goes into trading just for the knowledge rather it's for the money. It's very difficult to master trading, it takes a whole lot of time, knowledge and energy to be a pro in trading.
In trading, you gain and also lose at times. Everyone doesn't need to learn how to trade in crypto. Trading is a matter of choice

Lordhermes

sr. member

Activity: 1232

Merit: 379

If you don't know how to trade,you dont need to keep silence,always ask people that know what you don't know so that you won't waste your resources trying to do what you don't know how to do.
Seek for people that knows how to trade for them to teach you,and make sure you learn gradually to avoid mistakes.

Don't try to trade on your own if you don't know how to trade,doing that is just like taking a stupid risk that won't amount to anything.

Trojane

member

Activity: 294

Merit: 28

Quote from: dataispower on December 28, 2021, 06:30:42 PM

Quote from: ?? on ??

All traders want to earn a lot, but in fact very few traders can trade with good profits. most of them trade with a small surplus, which nevertheless allows profits on the result, enough to ensure life. But most market participants do not achieve such results despite trying to learn, in which case you should focus on long-term investing, which usually yields more profits than day trading.

Is not all traders that knows how to trade Bitcoin, but all traders knows how to lose in trading, this is the difference between trading to make profit and not making profit, the profit of a trader come by chances both the good one and the bad one, when opportunity comes any trader who is in market will benefit the market profit immediately

This is emphatically your own point if view seriously....
Does it mean any trader that doesn't know his left from right will just start getting benefits simply because he's active in the market when the benefits came? No!
Some traders don't understand how to read new and follow it correctly, not to talk of staking coins to trade appropriately...
You would have said if it were a general profit drop, everyone active at that point can enjoy....I leave no doubts

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: ?? on ??

All traders want to earn a lot, but in fact very few traders can trade with good profits. most of them trade with a small surplus, which nevertheless allows profits on the result, enough to ensure life. But most market participants do not achieve such results despite trying to learn, in which case you should focus on long-term investing, which usually yields more profits than day trading.

Is not all traders that knows how to trade Bitcoin, but all traders knows how to lose in trading, this is the difference between trading to make profit and not making profit, the profit of a trader come by chances both the good one and the bad one, when opportunity comes any trader who is in market will benefit the market profit immediately

philipma1957

legendary

Activity: 4116

Merit: 7849

'The right to privacy matters'

Quote from: Wakate on September 16, 2021, 11:38:51 AM

Sometimes when I scroll through the forum threads, I'm always amazed to see questions like; Can someone teach me how to trade? Where can I learn how to trade? How can I use indicator to trade? You know what? These questions always get what they deserves. The right answers always pop-up on the table for everyone to learn from different perspectives. Bitcontalk.org is a great library of information from substantial sources, so don't mess with it!

How can I learn how to trade? This is a question every had been asked from one time to another, from one person to another without paying much attention to what it would take to be a trader or one losing trades. Trading is just like a game of thrones. The tough will end up getting the balls rolling when the weak might have left the track due to inconsistency, fear, ignorance, weak strategies, weak risk management and greed.

You can either get trading skills here on the forum by asking questions and getting answers or attaching your time with sites/platforms that give trading lecturers, be it online or physical classes.

Are you going into trading for the money or for the knowledge?
Don't be too faster than your shadow, trading is not meant for the lazy. Don't think immediately you get into trading, you'll making money, cos time is necessarily important to gain mastery. The great traders who are making great profits from trading had already sow the seed and now reaping their harvest so let's be patient. Don't rush cos slow and steady wins the race..."Power of consistency" with brain not just working blindly.

Get the skill before going for the money. More money is the goal but a sacrifice has to made. We need to learn thoroughly become dexterously brilliant to analyze the market. Do fool yourself with greed or over curiosity cos it might lead to confusion not necessarily becoming a short term deficiency but a continuous defect that can relinquish our faculty of the market.

I will give you a one year and one week course on trading.

pick a shit coin.

say doge

buy 10 usd of it 52 weeks in a row.

no matter what happens to the coins value hodl it

the cost would be $520 on the 53rd week send me a pm and post back here in this thread.

if you can not hodl that coin all that time if you can not pay the $10 a week for more coin most likely you will not be a good trader.

you fail the patient and discipline test.

good luck in whatever you do.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: Wakate on September 16, 2021, 11:38:51 AM

...Get the skill before going for the money. More money is the goal but a sacrifice has to made. We need to learn thoroughly become dexterously brilliant to analyze the market. Do fool yourself with greed or over curiosity cos it might lead to confusion not necessarily becoming a short term deficiency but a continuous defect that can relinquish our faculty of the market.

Very few traders can trade with a good profit. This is the dream of any trader, but most of them trade in a small plus, which nevertheless allows you to have a profit on the result, which is sufficient to ensure life. But most market participants do not achieve such results, despite attempts to learn, in this case it is necessary to focus on long-term investment, which usually gives more profit than day trading.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: pawanjain on December 24, 2021, 12:03:43 PM

Didn't expect this in the same thread Grin

Report it as plagiarism.

Quote from: Rengga Jati on December 23, 2021, 07:41:43 PM

In whatever cases, not only in trading, Never do anything that you actually don't know, moreover related to money until you really know and understand about it.

The first point here is to start learning before you actually spend money on the high risk activity "investing and trading". It is never advised to anyone to invest or trade if they do not know what crypto is or the asset they are going to choose. This is an activity that involves real money where loss is the most real risk a person experiences. So I think it will never be good to do if they don't have basic knowledge about it.

Quote from: Rengga Jati on December 23, 2021, 07:41:43 PM

-snip-

Yes, it's about learning. But sometimes a person also needs experience to make him more careful in making decisions. Theory alone may never allow us to truly understand how markets work, so experience is needed too. Hence, it is advised to study and start considering the risks involved and do so very carefully and never to be greedy.

touseefahmad1999

member

Activity: 966

Merit: 10

Allah is the Greatest

Most of the new trader thinks about that trading is very easy but this is totally opposite about that. without any learning that how markets have moves? and when we enter right time ? they have nothing about that so first learning vert important as well as fundamental new we have to focus on them . some time market have behaves on the basis on news . so first learning then you can a successful trader

Kelvinid

sr. member

Activity: 2800

Merit: 344

when lambo...

If we are interested in something, it definitely needs to find a way to make it and learn how to do it, this can be applied to trading.
What if I don't know how to trade? Then must-have to know about trading! That is the thing we should have to do in the first place and we keep asking, reading books, searching online, and etc...to further enhance our knowledge and get some ideas.

because if we just do nothing, no way we are able to learn to trade. Maybe, it was also the time to ask ourselves if we are willing to learn even it takes months or years, or if we just give up.

pawanjain

hero member

Activity: 2674

Merit: 713

Nothing lasts forever

Quote from: ?? on ??

I think that trading is not for everyone . Trading is risky, trading requires learning, trading requires a certain mental discipline .
If someone thinks they have it all, they can start learning and playing with small amounts of money. It is important that it is your money (not credit money), remember there is always a risk)

Wait a second, those sentences sound familiar. Oh wait, I got it!
You are so lazy !!

Quote from: NeuroticFish on September 16, 2021, 11:50:57 AM

Wait a second... you've missed something.
How about another start: trading is not for everybody. Trading is risky, trading needs learning, trading needs a certain mental discipline (i.e. balls).
If one thinks he has all this, then he can start learning and playing with tiny amounts (and clearly no leverage).

And then the other advises of yours start to make sense.

Didn't expect this in the same thread Grin

Rengga Jati

hero member

Activity: 1932

Merit: 622

ROLLBIT > Crypto's Most Rewarding Casino

In whatever cases, not only in trading, Never do anything that you actually don't know, moreover related to money until you really know and understand about it.
By means, be careful of yourself, of your ways in making decision with your money.
Many people lose their money because they are doing something that are very risky but in fact they know nothing about it.
It is not only about trading but also investment.
I suggest you to learn at first, Learning today doesn't mean that you are late to learn. Learning is whenever you want to start.
Learn anything about crypt, about trading, investing, and more other activities related to crypto, learn also the ways to secure your assets.
there are so many sources to learn about trading and all those things in internet and also in this forum. What you need is about wiling to read, learn, and understand them at first.
After ready with the risks and understand trading, you can start trading with small capitals at first to start learning by doing.

BIT-BENDER

hero member

Activity: 1498

Merit: 702

Quote from: mk4 on September 16, 2021, 01:26:16 PM

I'm sorry, but if I would get 1 BTC for every "trading advice" thread posted on Bitcointalk with almost the same exact "advice" that's just rehashed in dozens and dozens of ways, I'd probably already have the total supply by now.

It could really be frustrating, every -Newbies- want to give an important education about trading, in the own virtual world, they have wrapped their hands around everything that it takes to trade Crypto-currency, but let me bring them back to reality, even the most experienced hands in trading still losses funds in trading, also like in my normal fashion, trading isn't a must or is it for everyone, while falling victim to bad trade and also to scam traders only the generalize crypto-currency as a death trap.

Yamifoud

hero member

Activity: 2744

Merit: 517

★Bitvest.io★ Play Plinko or Invest!

Quote from: JoyMarsha on December 18, 2021, 03:41:22 PM

Trading gats no joy for the novice. Run far from trading if you can't trade professionally. Trading is not something to give a trier if you don't understand the basics.
To be an investor in a project is more relaxing than when trading with money that you're not whether you'll be on the losing side or not

That is very important to evaluate ourselves of what a thing we can do, in fact, trading is not for everyone. And just like what OP is saying, he probably finds another way to make money or has to push himself to know about trading. But as many people say, this can never be easy and shouldn't be thinking it could be lean instantly. That is why if we are impatient people, it is a need for us to move on and forget about trading as a side from being costly to learn about this, that certainly it takes time.

Topic: What if I don't know how to trade (Read 603 times)