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 sure whether you'll be on the losing side or not(profits)
Topic: What if I don't know how to trade - page 2. (Read 671 times)
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Trading isn't a joke nor was a an easy job and therefore, we have to think about that and act wisely.
Trading isn't a joke nor was a an easy job and therefore, we have to think about that and act wisely.
Unfortunately, not many crypto traders do that. In fact, the vast majority have been losing money. The main reason why many traders lost money was lack of basic knowledge. On the other hand, we are witnessing the emergence of alternative financial instruments that offer more stable results in a very short period of time. On top of that, they provide you with the chance to protect your capital during a decline in prices.
What if I don't know how to trade
Just two simple answers from me:- Don't trade at this time. never trade if you don't know how to trade
- Learn how to trade before trading exactly
How can I learn how to trade?
Start from understanding about cryptocurrency, exchanges, and also basic skills of trading, its benefits, its loss probabilities, its risks, and it is chance of earning money. Then, you can develop to know which are coins better for trading, which are not, about indicators and other analysis of trading in certain exchanges. Some tutorials on YouTube and other sites are helpful. Try learning from the simplest thing.
Are you going into trading for the money or for the knowledge?
I am trading using my money and knowledge to earn money, and I am also trading by doing the learning. 
Yeah, you are right at some points, but also you don't give a proper solution either. You do give some better places to learn trading. You mentioned some points, like we are following lots of people, that's why we can't get proper guidance about trading, because the reason is that we are always finding free things. We find free courses. That's why we failed. We search for lots of influencers' courses and follow them. That's why we can't complete any course and we can't get any knowledge. But in the courses I took, they always talk about profit, where they show less risk. And their main goal is to sell the courses. If you can give us a better place to learn it, then it will be great for us. By the way, thanks for the info that you provided.
Learning about trading will certainly lie on us personally. There might be people who get involved in learning but it was us who work it hard to find the answers and the learnings we needed in trading. I'm following some people who are good in trading and sometimes doing a copy trade but not all of these works for me, maybe because there is something been hidden and being an untold story that keeps those people succeeding. That was a secrete recipe. Trading isn't a joke nor was a an easy job and therefore, we have to think about that and act wisely.
Trading is simply buying and selling taking place at the same time. A lot of persons grab this definition and think that the crypto market trading is all about buying a particular coin and hold on to it. Some others even get the buy low, sell high principle but still, they get into loses each time they try trading.
That concept you narrate is typical example of Trading from my perception consideration of trading, we all know that Trading always hit the nail at buying and selling of cryptocurrencies in general wether profit involve or lost, all of them are involvements of Trading, so from my own objectives hodling a particular coin can't be consider as trade, i only seen it as long time investment, so anything exchanging of coin in order to make profit is trading from my perception, everybody have he or her definition to portray as Trading per say.
Yeah, you are right at some points, but also you don't give a proper solution either. You do give some better places to learn trading. You mentioned some points, like we are following lots of people, that's why we can't get proper guidance about trading, because the reason is that we are always finding free things. We find free courses. That's why we failed. We search for lots of influencers' courses and follow them. That's why we can't complete any course and we can't get any knowledge. But in the courses I took, they always talk about profit, where they show less risk. And their main goal is to sell the courses. If you can give us a better place to learn it, then it will be great for us. By the way, thanks for the info that you provided.
Trading is simply buying and selling taking place at the same time. A lot of persons grab this definition and think that the crypto market trading is all about buying a particular coin and hold on to it. Some others even get the buy low, sell high principle but still, they get into loses each time they try trading.
Trading is nothing something you just rush over with scanty or fad ideas of how the market works and reoccurring conditions that could necessitate an action which is either buy or sell. One has got to study the antiques of the market, come up with a strategy and get used to it through several practises on a demo platform before putting out some real money. Otherwise, you might not just loose but also, swim in depth. Trading is a highly professional field.
Trading is nothing something you just rush over with scanty or fad ideas of how the market works and reoccurring conditions that could necessitate an action which is either buy or sell. One has got to study the antiques of the market, come up with a strategy and get used to it through several practises on a demo platform before putting out some real money. Otherwise, you might not just loose but also, swim in depth. Trading is a highly professional field.
Learning how to trade is just the starting point if you can't level up your knowledge consistently then there is no point starting the process at all. Trading is an everyday adventure and as such you keep adapting to the market learning everyday. Losses is part of the learning process and a better way of getting to know the market better. This questions will keep popping up because the market structure can never be completely understood it's an everyday learning process
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.
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 might argue that somebody that starts a thread like you posted above is ALREADY trying to learn. About the skills, no forum will ever give you that. You get skilled by getting your hands dirty, no way around it.
True, different people look for different ways to learn. I wouldn't dream to go to a forum empty handed. Before even joining this forum I had already taken 3 different courses on cryptocurrency trading and investing. Right now I'm downloading my 7th. But you take a risk either way. I wouldn't feel comfortable asking others to work for me for free, if I hadn't done at least "some" legwork previously.
Then, of course, will come the time to put that knowledge to the test. That's the "skill" part, and at that you're alone, unless you have the means to hire a mentor. That's where I'm at, right now. I have gained a great deal of knowledge here, over the last few weeks, and I'm eternally grateful to those that took the time to help me, but I don't daydream: I know this is gonna have a cost, and I'm trying (best I can) to make it as low as possible.
Then again, different people have different circumstances. I can follow Internet courses because I have a computer to download them into, and the knowledge to do so. A lot of people don't.
Nobody can teach you about how to trade, probably you can learn the process but its simple just buy low and sell high and you can get advise about choosing the marketplace which are exchanges, p2p, etc but only you can learn trading by yourself which will come from your experiences.
Knowledge is power! My kindergarten days was all about acquiring knowledge.
After doing that and yet still having some trouble with trading then you shouldn't trade yet. Another one is, are you willing to take the risk for the sake if earning profit by trading?. You can try searching in google about trading and you have to include bitcointalk i.e "How to trade bitcoin bitcointalk" then check if there is a thread or a site that make you interested in learning.Absolutely!As for me, I won't take the risk. It would be better and more profitable if I will exert first some effort in doing research about crypto trading and absorb the learning ideas that could help me all throughout my crypto trading journey. There are a lot of platforms that could possibly help us learn how to trade. In my part, I learned a lot in youtube trading tutorial videos and some additional google research and techniques. Knowledge for me and self discipline is a must before we start into something especially in terms of crypto trading to avoid losses.
"What if I don't know how to trade"
and why would you indulge in something you can't do? Most peeps are very concerned in earning money but they wouldn't wanna know technically...
* How it is made
*How their bucks replicates
* How the company makes profit too
Most peeps are just so self centered and that's why they keep investing in the wrong platforms and end up being robbed of their coins.
Come to think of what @mk4 said:
* Trading needs a smart head that could probably read and understand the trading news and place right candles on the right spots to minimize loss not some dumb a$$
and why would you indulge in something you can't do? Most peeps are very concerned in earning money but they wouldn't wanna know technically...
* How it is made
*How their bucks replicates
* How the company makes profit too
Most peeps are just so self centered and that's why they keep investing in the wrong platforms and end up being robbed of their coins.
Come to think of what @mk4 said:
* Trading needs a smart head that could probably read and understand the trading news and place right candles on the right spots to minimize loss not some dumb a$$
If you don't know how to trade than invest and hold for a long period of time.i don't think trading is the only way. I don't think trading is that easy because it needs a big research and also need quality research. In fact trading is not main for lazy people. When trading you always need to be active online and always go for more research about the coin you want to trade, so trading aquire time and dedication of active research.
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.
You can't learn anything useful about trading on this forum, you will just get some random tips and that's it. There's not a lot of pro traders here, and they won't spend their time teaching a newbie from zero.
Learning from courses and other materials won't guarantee your success. It's a widely known fact that most short-term traders lose money, and those are people who spent a lot of times learning from supposedly high-quality materials.
Then you need to also remember how insanely rigged the crypto market is. Scammers create shitcoins, pump them by hiring shills and using their capital to drive the price up, then dump it all and move on to a new shitcoin.
Don't trade crypto, don't look for "good projects", it's all just gambling where the risk is higher than the gain. Buy Bitcoin and HODL.
Actually, if we don't know about something, don't do it at first.
Do it when you have knowledge about that, in this case, trading. And when to do it? After learning of course. Learning means very dip and wide to get knowledge, experiences from other people, and also many sources.
We can see how the learning process may look easy when we are only staring. But it will be very difficult when we are learning by doing to get some experiences.
I do very much agree with some people here. That: read, read, learn, learn, and learn until you know to trade, you are ready to trade, and you can prepare yourself to trade.
Crypto trading is not something easy. And we must not underestimate trading Trading needs knowledge skills, strategy, and good management.
Do it when you have knowledge about that, in this case, trading. And when to do it? After learning of course. Learning means very dip and wide to get knowledge, experiences from other people, and also many sources.
We can see how the learning process may look easy when we are only staring. But it will be very difficult when we are learning by doing to get some experiences.
I do very much agree with some people here. That: read, read, learn, learn, and learn until you know to trade, you are ready to trade, and you can prepare yourself to trade.
Crypto trading is not something easy. And we must not underestimate trading Trading needs knowledge skills, strategy, and good management.
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I wouldn't suggest buying courses immediately when still trying the waters. Everyone can trade, but trading is not for everyone. I stopped trading because the time needed does not fit my schedule, and if I bought courses immediately, I would have regretted that kind of decision that I should have invested for long-term in Bitcoin instead. There are free resources out there anyway and there are some doing tutorial in YT as what you mentioned and I think that's sufficient enough. I would only buy course if I am "fully committed" to trading. 
This forum really helps with teaching people how to trade. But people also need to keep in mind that this is only good for trading on a certain level. The higher echelons of trading require experience, expert levels of knowledge, and quite frankly, balls of steals and solid nerves. And people too often get delusional and think they will amass huge amounts of money by trading just for a couple of days when in reality they are nowhere near the level where serious money is being thrown around. Check yourself before you wreck yourself.
Well, I don't think if there is anyone willing to teach you here in the forum but if you are talking about giving advice, tips, technique, and other fundamental and technical analysis, the rest was been made to learn on your own. If you don't know how to trade, you can stay here for a while and gather the information you need by having your own searching. I suggest also if you are technically new in crypto trading, don't immediately jump in into the trading field without proper knowledge, it will perhaps end up for you robbing in front. 
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Mate, even when we have the means and materials to learn how to trade in cryptocurrencies, it can still be difficult, and I believe it is not for everyone. That's why some of us are just putting money in and asking our friends if it's time to invest now and wait for the long term.If a person is truly interested, we can watch a lot of tutorials on YouTube because that is where I learned a lot about trading, and I believe it is sufficient because it is very effective if someone is teaching you step by step and explaining the various types of technical analysis while showing you the interface.
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.
I think you are right, but not everyone wants to be a pro in trading. Not everyone even want to learn. Some people will always want to earn even without learning much. They can achieve this when trading by proxy. They can be trading with reliable signals (if there is any) or by copying trading.
So, in which ever method, the most important is risk management. Being aware of the reality of the market. Market volatility can shock anyone, even pros.
Your questions are really very important to know and in Crypto without experience or better knowledge we should not go for trading.
If you are a new trader then try to learn first and you can see many YouTube reviews of Crypto trading.
Again you will find best Courses about crypto trading in Udemy platform.Just buy them and finish the course properly.
Hope you will learn a lot.
If you are a new trader then try to learn first and you can see many YouTube reviews of Crypto trading.
Again you will find best Courses about crypto trading in Udemy platform.Just buy them and finish the course properly.
Hope you will learn a lot.
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