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)
Topic: What should I study to learn how to trade? - page 2. (Read 1632 times)
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)
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?
If possible to have a trading class I will advise you to do so and possibly a class that will help you guys do practicalsnot just watching them show you. And also minimum of $100 is ok for a start but the honest truth is the higher the capital the higher the income.
Before you can start trading there are lots of things you have to know to avoid lost of fund!!! You have to learn how to buy a coin and how to sell you have to learn how to study the market, you have to know about the coin you are buying, you have to know when to buy a coin and when to sell it!!! U can learn all this on YouTube
Same reason why you have to study any courses in any higher institution of learning to become a professional in it. That's same way you have to learn how to go about trading, or else you will have yourself to blame at the end of the day. Firstly, you might want to ask if you are someone like me that do ask questions alot. What is trading? And someone might say it an exchange of goods and services. But let's bring it into cryptocurrencies. What's trading, exchange of one coin to another. Or you can also say buying low and selliy high. The question is that, how do you know when to buy, and when it's the right time to sell or buy more. There are some factors that affect the rise and down of each coin. And if you don't know all these. You might as well be playing gamble with you money. I'm sure you wouldn't want to do that.
Due to the Covid-19 problem and all those restrictions, the best thing to do is grab a book from market speculators, there are many, Richard Wyckoff, Jesse Livermore, some investors like Warren Buffet, these texts teach you to think how to understand the market.
I would say study the greats, people like warren buffet and peter lynch, their idea of making a profit is a lot different than all the other small time day traders and it is long term which would be beneficial for bitcoin both for your profits and for long term benefit for bitcoin community. if everyone approached bitcoin the way they did to stocks, you and I would both make a lot of money, it is something that is very important and very profitable.
They are from the school of thought where if you find something fundamentally strong and profitable, just buy it and hold it for decades without selling. That would yield you a lot of profit, think about buying bitcoin now and selling it 20 years later, do you doubt that it wouldn't be profitable? Obviously it would be.
They are from the school of thought where if you find something fundamentally strong and profitable, just buy it and hold it for decades without selling. That would yield you a lot of profit, think about buying bitcoin now and selling it 20 years later, do you doubt that it wouldn't be profitable? Obviously it would be.
The simple meaning of trade is:- Buy at Low Price & Sell at High Price
(1) You can google or youtube it for some example.
(2) You can check the chart of some trade for analysis.
(3) In Udemy you can also find so many tutorials.
(1) You can google or youtube it for some example.
(2) You can check the chart of some trade for analysis.
(3) In Udemy you can also find so many tutorials.
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
First you need small amount like 100 $. Small amount you need for learning about trading Strategy. Then you chooses coin that price up down regularly. You can follow some youtube video and telegram group also blog article. When you have enough knowledge about alt coin then you can invest that you want. And one more question: What is the minimum amount of money needed to start?
if you want to learn about how to trade, you can watch it on youtube,
many youtube channels provide education about it, or maybe you can see some price predictions in trading view.
please do any way that suits for you.
many youtube channels provide education about it, or maybe you can see some price predictions in trading view.
please do any way that suits for you.
I think you should also try other sources.
Youtube might be one of the most popular sources of tutorials and tips about trading but you should also find other sources where you could compare strategies and analysis. Here in the forum, there are a lot of knowledge and skills you could pick up, a lot of nice trader and investor here that share their experience that could help us.
Same reason why you have to study any courses in any higher institution of learning to become a professional in it. That's same way you have to learn how to go about trading, or else you will have yourself to blame at the end of the day. Firstly, you might want to ask if you are someone like me that do ask questions alot. What is trading? And someone might say it an exchange of goods and services. But let's bring it into cryptocurrencies. What's trading, exchange of one coin to another. Or you can also say buying low and selliy high. The question is that, how do you know when to buy, and when it's the right time to sell or buy more. There are some factors that affect the rise and down of each coin. And if you don't know all these. You might as well be playing gamble with you money. I'm sure you wouldn't want to do that.
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
When you say study are you referring to higher education aka "UNI", or just paid courses online ? And one more question: What is the minimum amount of money needed to start?
Regarding the 2nd question, well if you're a complete beginner (you probably are if you're asking this) i advise you to open a demo account and kinda mess around with it for a month or so just to get a feel of what trading is only then you can start experimenting with real money i would say 100 to 500$ is a good starting point.
and always remember "Always invest what you can afford to lose".
OP, if you are really serious to learn about trading, you better have not quit and focused your mind on trading. It can't be just a day of learning but a continuous process. And one thing you should do first is to assess yourself if you are capable of doing this not because your friend doing this. But of course, it can't be just of talks, we need not say I'll just try but rather to say I have to do this because of a reason.
All you need to study for you to learn how to trade, is platform information which will really help you to get the right information from the market, for you to know when and where to supply your coins in the market to make a good income. Learn how to buy low in the market which will help you to make a good profit when you release them to market when the price increase in the market. Bitcoin is still rising which is still good to sell, to make a reliable profit.
Many people are still holding their coins thinking bitcoin will reach $20 before they can sell their coins which will cause some of them to lose their profit because bitcoin is unpredictable.
Many people are still holding their coins thinking bitcoin will reach $20 before they can sell their coins which will cause some of them to lose their profit because bitcoin is unpredictable.
studying theory alone will not be enough to make you proficient, you have to practice it too...
The mistake of newbies is that they are never ready to trade 'real/practice' because they are too busy studying theory and gathering guts. *let's do real trading then the theory you learn will work.
There is also exchange that you can try first using demo if you are afraid of loosing real money. You can watch different tutorial in youtube and read different article that teach about trading strategy that you can use. But for me the best teacher is your experience, if you are fully aware about the risk of trading and want it to try , try it first with small amount of money if you are familiar already in trading then you can add more funds.
No question to that, as even you have all those paper works and you already understand the flow without personal experienced it turns to nothing.
Your experienced will enhance your judgment, it will help you a lot in deciding what particular position that you'll going to take and it will justify
the needs of hold or letting go of your assets. Practice using demo account and spare some money to use amount that you can afford to let go.
studying theory alone will not be enough to make you proficient, you have to practice it too...
The mistake of newbies is that they are never ready to trade 'real/practice' because they are too busy studying theory and gathering guts. *let's do real trading then the theory you learn will work.
There is also exchange that you can try first using demo if you are afraid of loosing real money. You can watch different tutorial in youtube and read different article that teach about trading strategy that you can use. But for me the best teacher is your experience, if you are fully aware about the risk of trading and want it to try , try it first with small amount of money if you are familiar already in trading then you can add more funds.
There is no minimum amount of money to start trading.
You need to understand how the market works. Maybe look at some videos on how to trade. The basics I mean. Then choose a platform and get used to it by learning what features they have. Then start trading with small amount. You probably won't be making any profit at all, but don't get upset. All those mistakes that you will make will be a valuable lesson for you. Just studying won't make you a good trader. Experience is what that will eventually determine how good of a trader you are.
You need to understand how the market works. Maybe look at some videos on how to trade. The basics I mean. Then choose a platform and get used to it by learning what features they have. Then start trading with small amount. You probably won't be making any profit at all, but don't get upset. All those mistakes that you will make will be a valuable lesson for you. Just studying won't make you a good trader. Experience is what that will eventually determine how good of a trader you are.
If you want to learn something, then one should try to reach deeply to know better. There are many ways of learning on the internet. Through using the internet, you will able to know whatever you want. In this time people can gather everything by browsing the internet. So people can learn about trading by air and particle.
studying theory alone will not be enough to make you proficient, you have to practice it too...The mistake of newbies is that they are never ready to trade 'real/practice' because they are too busy studying theory and gathering guts. *let's do real trading then the theory you learn will work.
if you want to learn about how to trade, you can watch it on youtube,
many youtube channels provide education about it, or maybe you can see some price predictions in trading view.
please do any way that suits for you.
many youtube channels provide education about it, or maybe you can see some price predictions in trading view.
please do any way that suits for you.
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.
It is called diversification and it is important because you cannot put all of your trading capital in just one coin. For me the ideal diversification is upto 4-5 tokens per portfolio and you should buy coins that are part of those potential ones because not all of coins can give you huge return there are some that may cause you to lose money. If you are beginner, focus on understanding the chart because in that way you can know if a certain crypto is worth it or not. There are some shitcoins out there and it should be avoided if you want to lessen the risks. Focusing on your own education can give you high guarantee of making profit in trading. 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.
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
There are a lot of trading lessons for a newbies, it will teach you the basics about trading. As what others have been recommended watching videos may help. Take it slowly, gather the information on how you will start your journey in trading. Learning knowledge is very important to avoid big loss of money and also do not invest without knowing anything. And start any amount that you can afford to lose since the market is volatile. And one more question: What is the minimum amount of money needed to start?
This is a good post for those like me to start trading. Because I had an idea to trade. But how to do it, What should we look for, were entangled in such issues. This gave me a good idea about this. Thank you. 
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