Topic: What should I study to learn how to trade? (Read 1632 times)
If you want to study about trading then you should start about technical analysis. Which is a most profitable trading course, tricks, strategy what ever you can say. If you will be able to technical analysis about any crypto project then trading will be easy for you. By technical analysis you can understand about trading view chart, you can analysis price chart view which will really helpful for any kinds of trader. It is best work for sort and long traders. I think it is a most profitable trading course you can say. So if you want you can choose. Remember that trading is not easy or it is not hard also. If you expert it will be easy. So learn first.
Treading is not simple process in actual.indeed it isn't possible to be an trading expart within little time.you may google about it & cam read some blog, article as well as watch such related videos on youtube. I believe those would help you to done your basic.have to give more time on that project which you selected for trade.before get started, should know pros and cons about that.don't buy anything if that already raise high.do start with small amount, try to buy low & set the goal that you want to achieve
Don't like suggest you to investment fund for trading perpose while you are totally unknown about basic things.if once you able to gathering ideas, you are free to deposit as much, you could loss to aford but don't be sobgreedy.truly its actually complicated to give advise about crypto trading to a newbie but at the beginning focus the last twenty cadles movement and try continueously to understand how the price get dump & then pump again. If you can figer out those up & down target, you would have understand the basic almost and then you can get offer to buy currency with low price & sell those at higher.that also helps you to understand, when to trade and when not to
Can someone point me to where I should begin?
First is learn the basics and fundamentals you needed in trading, buy low sell high might sound easy but trust me once you are the one trading you will find some hard times buying low and selling high. And one more question: What is the minimum amount of money needed to start?
About the capital for you to trade. Personally I started trading with just $100 and turned it to around $500 I guess in 3 months and I know many person who didn't started with big money some of my friends even started lower at what I have used before and now their holdings are big. Big or small with the right trading strategy you can make it grow in time. trading may require only $ 50 in capital, you can buy altcoins when the price drops sharply,
and hold until the price rises, indeed the profit is not much, but if you are persistent, you will get a lot of profit
While a small capital is going to be good enough to learn the basics about trading there are several problems with that, one of them is the fees with a capital that small a great deal of whatever profits you make are going to be eaten by the fees, also another big problem for all of this is that even you become profitable your capital is so small that you are not going to learn how to trade properly when you use an amount of money that is more significant to you and you are going to make mistakes simply because of the pressure of trading so much money that you did not had before.and hold until the price rises, indeed the profit is not much, but if you are persistent, you will get a lot of profit
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trading may require only $ 50 in capital, you can buy altcoins when the price drops sharply,
and hold until the price rises, indeed the profit is not much, but if you are persistent, you will get a lot of profit
While a small capital is going to be good enough to learn the basics about trading there are several problems with that, one of them is the fees with a capital that small a great deal of whatever profits you make are going to be eaten by the fees, also another big problem for all of this is that even you become profitable your capital is so small that you are not going to learn how to trade properly when you use an amount of money that is more significant to you and you are going to make mistakes simply because of the pressure of trading so much money that you did not had before. and hold until the price rises, indeed the profit is not much, but if you are persistent, you will get a lot of profit
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3.1 Moving Average Channel (MAC)
3.2 Moving Average Converge Divergence (MACD)
3.3 RSI, these are just examples
I am using WMA, SMAA and Stoch as my indicators. I'm pretty satisfied with the outcome since these indicators are so easy to understand for a person like me and it can be implemented in any coins as long as it meets the requirements. I might probably trying out other indicators to see the difference on other scenarios like yours. 3.2 Moving Average Converge Divergence (MACD)
3.3 RSI, these are just examples
Don't trade at a loss is a good discipline to learn.
You may be stuck holding sometimes for a few weeks or a month but patience is probably the most important part of the game.
The traders want to convince you to act now.
"Its going up!"
"its going down!"
Buy Sell etc.
*edit*
Don't be too eager to go along with the narrative. Look for the genuine signals!
You may be stuck holding sometimes for a few weeks or a month but patience is probably the most important part of the game.
The traders want to convince you to act now.
"Its going up!"
"its going down!"
Buy Sell etc.
*edit*
Don't be too eager to go along with the narrative. Look for the genuine signals!
I try myself to predict the market of the particular cryptocurrency for trading. I don't succeed all the time, because my prediction will be associated of random choice. This means I open up a sell order to get executed for specific price, and if it didn't get executed within the target time I'll change the selling price target cancelling the previous order. Same is being followed at the time of buying. I find it simple as I wasn't completely into day trading.
It's also a pretty good strategy and I guess you're good at buying / selling force analysis. This is also considered a wise way of trading and it helps us get rid of greed, which makes thousands of traders fail.There was a time when I had a trading strategy similar to yours and it was quite effective against volatile market situations. If the candles formed are not the same as our target then we will cancel the order and lose some fee instead of losing a lot of money. But this strategy is only for those who are patient and have a lot of experience in trading. Am I right, bro?
Well there are different things you should learn and for sure most of the members will give it to you but for me when I start to make trade these are my considerations.
1. Identify the coin which is suitable for your trading.
2. Find a good exchange which secured.
Before starting trading.
1. Learn what is candlestick
2. Learn the candlestick pattern
3. Use technical indicators
Such as:
3.1 Moving Average Channel (MAC)
3.2 Moving Average Converge Divergence (MACD)
3.3 RSI, these are just examples
I created a thread about MACD
https://bitcointalksearch.org/topic/guidemoving-average-convergence-divergence-macd-5255303 you can check this too
4. Keep updated on the news about the coin mostly those are the cause of the event of the pump or dump.
5. Funds this is the most important "Don't trade that you cant afford"
1. Identify the coin which is suitable for your trading.
2. Find a good exchange which secured.
Before starting trading.
1. Learn what is candlestick
2. Learn the candlestick pattern
3. Use technical indicators
Such as:
3.1 Moving Average Channel (MAC)
3.2 Moving Average Converge Divergence (MACD)
3.3 RSI, these are just examples
I created a thread about MACD
https://bitcointalksearch.org/topic/guidemoving-average-convergence-divergence-macd-5255303 you can check this too
4. Keep updated on the news about the coin mostly those are the cause of the event of the pump or dump.
5. Funds this is the most important "Don't trade that you cant afford"
I try myself to predict the market of the particular cryptocurrency for trading. I don't succeed all the time, because my prediction will be associated of random choice. This means I open up a sell order to get executed for specific price, and if it didn't get executed within the target time I'll change the selling price target cancelling the previous order. Same is being followed at the time of buying. I find it simple as I wasn't completely into day trading.
Oh yeah you reminded me there are sites where you can "play" trade with play money to test how is your learning coming alongI try myself to predict the market of the particular cryptocurrency for trading. I don't succeed all the time, because my prediction will be associated of random choice. This means I open up a sell order to get executed for specific price, and if it didn't get executed within the target time I'll change the selling price target cancelling the previous order. Same is being followed at the time of buying. I find it simple as I wasn't completely into day trading.
Oh yeah you reminded me there are sites where you can "play" trade with play money to test how is your learning coming along
I try myself to predict the market of the particular cryptocurrency for trading. I don't succeed all the time, because my prediction will be associated of random choice. This means I open up a sell order to get executed for specific price, and if it didn't get executed within the target time I'll change the selling price target cancelling the previous order. Same is being followed at the time of buying. I find it simple as I wasn't completely into day trading.
I got started with several udemy courses.
If you watch out you can get them with free codes which last about 24 - 48 hours. Then you own it FREE.
In fact I have lots of subjects, trading, crypto, finex etc. I saw it all as complementary.
Watch here you can set up an alert for the codes.
https://www.hotukdeals.com set up an alert for "udemy"
Its always random things so you just need to keep an eye out for something good.
Example of current free course list (below) includes a rtading and crypto course
Can read the udemy reviews to see if any course is worth it
If you watch out you can get them with free codes which last about 24 - 48 hours. Then you own it FREE.
In fact I have lots of subjects, trading, crypto, finex etc. I saw it all as complementary.
Watch here you can set up an alert for the codes.
https://www.hotukdeals.com set up an alert for "udemy"
Its always random things so you just need to keep an eye out for something good.
Example of current free course list (below) includes a rtading and crypto course
Can read the udemy reviews to see if any course is worth it
I have a different understanding from others, if you have a large amount of capital for trading, you should choose at least 5 or 6 coins to trade.
Otherwise you are the first time in trading become good way how to manage with profit and risk when trading begin, maybe you should choose more than three coin for trading and not put all your money in one coin only, when your prediction is wrong you still have other chance with other coin and get back recovery for your profit, maybe this look simple how to practice trading with bitcoin or altcoin and you can manage how less risk with trading.
I disagree with that in several points, when a person is just learning how to trade that person should concentrate on one single market, this may seem to be too restrictive but we are talking about a newbie here, we do not want to overload them with too much information to the point that they do not know what to do anymore, I also disagree with this idea because this market is heavily correlated, I can guarantee you that if tomorrow bitcoin crashes 99% of the coins in the market are going to be crashing as well so there is no point in diversifying if your goal is to reduce your risk. Otherwise you are the first time in trading become good way how to manage with profit and risk when trading begin, maybe you should choose more than three coin for trading and not put all your money in one coin only, when your prediction is wrong you still have other chance with other coin and get back recovery for your profit, maybe this look simple how to practice trading with bitcoin or altcoin and you can manage how less risk with trading.
there are online courses and there could be trading courses in the real world but you dont really need to learn or attend them because theres many crypto traders that only learn the basics on this forum or by watching trading vids on youtube and voila they already trade on thier own but if you really wanted to be pro and to good at it you can continue learning more in advance and that is by taking courses .
minimum amount of money will depend on your budget and also to the knowledge you have accquire
Watching videos is a good but not a great way to learn about bitcoins trading because most of the channels focus more on the long term investment opportunity instead of teaching how to read the market and which way the market is going to slide. The truth is actually hardly 1% of the content is on topic and actually worth watching.minimum amount of money will depend on your budget and also to the knowledge you have accquire
They might pump you up about the future but that is not what a trader needs, you need positive energy but trading is about knowing how market is going to move and what is the best time to buy and sell. As an investor there are some good videos on youtube which can help you understand some projects and might be worth investing but for trading there are hardly any out there.
In my opinion the most important thing to study in order to learn how to trade are the markets. For instance, are these in a down/up trend and which way based on your outside knowledge do you predict it might go, what are other people doing?
And finally, you'll actually want to get your hands on it yourself. So setup an account on an exchange you feel comfortable with and start with a little amount, apply what you learnt and keep on learning.
Good luck (you'll need it)
It is more about awareness because to know the market is in an up or down trend it does not require good knowledge, at least by being aware of the chart then I think it is enough for you to start trading. Indeed, knowledge is the main thing but when someone comes without knowledge, then one of the best ways is to continue to pay attention to price movements because so slowly you will be able to learn it to finally be applied maybe with low capital first. One thing you should be aware of may not be too chasing profits at the beginning, as it can be frustrating if you can't hit the target and therefore trading early with money that is ready to lose is an option. And finally, you'll actually want to get your hands on it yourself. So setup an account on an exchange you feel comfortable with and start with a little amount, apply what you learnt and keep on learning.
Good luck (you'll need it)
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
And one more question: What is the minimum amount of money needed to start?
Well, to learn how to start trading, you need to understand how it works, understand key terminals about trading and also how to buy and sell. Then you understand fundamentals and technical analysis.
Always do your own research yoo
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