Topic: What if I don't know how to trade - page 3. (Read 671 times)

It seems that those who are relatively new in this forum focus way too much on trading. It's almost comparable to people wanting to make a living by gambling and playing casino games. The odds are against you all of the time. Keep that in mind. That's why we have 100s of casinos and sportsbooks. If they were losing money, they would close down. Instead, new ones are popping up all over the place.

There is nothing wrong in seeking knowledge, showing an interest in trading, and wanting to make money. But I have a feeling that people don't realize how many traders lose all of their funds and fail. Those who lose never get the spotlight, so you don't hear their stories. It's those selected few who manage to make some profits who are in the center of attention.

For general folks, trading is not a skill they ever need to master. Just buy the coin in a quantity and at a price you are comfortable with. Hold it for as long as you want. Convert it back to fiat or trade it for goods and services when the price has gotten to a point you are satisfied with. For the majority, this should be enough.   

Trading involves a lot of skills and strategies, hardwork, and to be consistent. The trader must have knowledge before actually trading because it is the main thing that ever trader must have. It is very important.

However, it is risky and could be more risky if you don't know a thing about trading because If you're just gonna trade cluelessly then you'll probably end up losing all of your assets.

The last thing you need would be to have patience and the habit of calming yourself after encountering failures. Do not get discouraged easily beacuse if you do you'll lose. Have hope of another opportunuties to come as it might lead you to become successful.

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.

Very specific topic but certainly a trader can do some trade and become an instant holder. Nobody losses holding for long term, hence they just earned through time as the coin or token they invested is growing. There are times that just by holding we could earned a lot especially if we just wait for the right time when should we sold our tokens.

Consistent research to gain more knowledge on the course you want to enter into can also give you an insight about it.Secondly,you must be able to ask questions,meet people that are already in the system to ask them about how they trade,getting knowledge from people that have experience in that field will help you in carrying out your purpose.
After that,try with little fund to see if the knowledge you've gathered is able to make you trade competently.
And lastly,if you fail,do not fail to try again.try again,and correct the mistakes you made first.failing is not failure,it is called experience.

Indeed. Knowledge is the main thing that every trader must have before they trade.
Trading can be bought and sell and whenever you buy and sell, you do trading, which is the simple thing from trading.
You do not have to buy and sell too often if you do not have much experience or knowledge because that will risk losing the money value.
But if you want to make more profit, you should learn how to analyze the coin, how to know the right time to trade and else.
Many things you need to know about trading and that needs time before you can master them.

It is not wise to dive into the deeo water you are not sure if it is safe or not. Who would be stupid enough to dive a body of water where the water is unknown if there are monster fish swimming in there. The situation I just made an example with is the same in trading. You just dive into a trading platform without knowing if it is legit and not a phishing site. Second is that you have to know the important things to start trading. If you ask me what would I say is it will only take 5 words which is "DON'T DIVE INTO THE UNKNOWN" that is why study, research and learn first is a must.

The skill which is the knowledge is the main thing , having a solid knowledge in trading will make trading very easy. Process of having this requires patience, hardwork, consistency . When one is too desperate to make earning in trading it doesn't end well most time, so knowledge before any other thing.

If you have an internet connection and any kind of device you can now make yourself find the information you don't need anyone as your mentor you can get information to them but they are not always by yourside and trying to teach you all the mistakes, chance to get profit and etc.. If you are willing to involve with trading you need to start by yourself gather all the information needed sometimes having mistakes on trading gives you experience and try to deal and learn with it. Try to get more knowledge first not just only put leverage predict the market price and expect to have profit.

Check very well most of the people that asked such kind of questions is basically newbies and they are asking to know, because the knowledge of trading is absent to them, so it's good to ask a question because question brings solution to a problem, so basically whoever that asked such maybe wants to engage into trading.

To learn trading is basically base on determination, a Trading can be achieved primarily through online tutorial via YouTube, and also you can learn the concept of trading through the forum, but it's advisable and encourageable to learn perfectly through manual after you have been grab the elementary aspect of it from another source so that you won't be discouraged.

The reason while people trade is not because of knowledge, most they trade because they want to make a profit, but really it's adequate or frequent trading that will expand the knowledge of a trader in order to realize its previous mistakes, considering the area of laziness points of view, no trader is lazy or not conscious of time factor, any who is not smart will definitely endup with lost of capital.

Actually you are right in one perception, Because a skill is the elementary section that can render help for elevation if hope is lost, so at this point relating this kind of skill to cryptocurrency that means you are trying to put it to us that trading can be as a  result of skill?

First thing first, knowledge is very important in trading and if you didn't have this I suggest to don't push yourself in trading because it hurts to see that you've lost your money in trading.  Learn first very diving into the trading and that is a very important aspect, if you're not yet ready don't be in hurry because learning is the most important than making a profit.

If you don't know how to trade and if you're willing to make money in trading, I suggest to invest and spend your precious time studying and searching for any related to trading stuff either it is technical or fundamental skills.  As long as you gain knowledge and you're ready for it, you're good to go in trading.

Holding and being patient is a skill.

You don't have to be a full time trader just to make money buying and holding bitcoin. You still have to trade it but at the best price that you can see.

Just don't be a trader if you don't see yourself being one, we're better as a holder.

If one must earn from trading constant learning is involved. The money shouldn't be the ultimate reason to learn how to trade if one gets and masters the skill certainly the pay automatically gets along. I suggest any one with the interest to trade should get the passion first, secondly develop enough time to its learning process then sit back and watch the pips pay the bill

This is why getting the skill should be a Paramount rather than putting your mind on how much you can make rather than focusing on learning first. Trading is not that easy which is the reason why someone longing to be a trader should focus.

You just hit another hammar on my bald head and now I can feel the smoke coming out of my score. Next time maybe I would try using face cap...

Not knowing how to trade is not a very big issue. The issue is, how do you learn!

Practice trading has been made a lot more easier and lose free but most persons always turn the blind eye to that innovation. Everyone wants to jump to the real deal and start earning coins from trades. They tend to forget that, trading is a highly professional thing and a lot of persons has spent time to perfect there strategy about the market.

Demo trade is free and can be used to trade that same market. You lose virtually nothing should you loose but, your trades face the same market environment as the actual trading on real accounts do. Try using demo trades sometimes and tactics trading until you've been able to perfect a strategy, then you'll be sure your ready to try out with actual money.

If you don't know how to trade then don't try it in the first place because you'll probably not succeed, remember 90% of the traders aren't profitable. Why go into such professional when you can basically hold unto your coins and be more profitable than a trader would ever be?.

I guess you can say the timeframe is too far with investing, well if that's the mindset then you're lost as those quick profit mentality will cloud your judgement of the market and make you make unnecessary mistakes.

Ps: OP seems like you just found out that you can add colour to your text, slow down buddy as when you overdo it, it makes your thread annoying which might get the thread ignored and probably end you on users this style of posting irritates, ignore list. Don't over use this feature.

Is there really anyone who just wanted to learn to trade for just knowledge sake alone?
The thought that a skill has the capacity to give you money should be motivation enough to drive you the interested person to want to learn well and more about it. For trading, the more substantial knowledge you can gather, the better your chances of making good profit from it.

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.

Questions always will raise where people live. But sometimes users of this forum make few stupid questions. Where they could learn from previous discussions, instead of that just simply raising questions like how to trade, when BTC will go $100K, and so on. In the beginning, people think trading is the way of becoming quickly rich which isn't true at all. There are many platforms from where we can learn how to trade like YouTube. But for gaining experience we should trade ourselves with a small fund. On the forum teaching you how to trade is quite impossible. But we may share our experience how to gain or share a few technical discussions which would help to improve our trading skills. That's what we can get from the forum.

Learning is constant and I wouldn't mind to get it all from.

Maybe you can help on how to search for past topics on bitcontalk so this could help me in making references. I really appreciate your input but I still need to hold my chest cos you really hit the hammer on my bald head
Knowledge is power! My kindergarten days was all about acquiring knowledge.