What should I study to learn how to trade? - page 5.

gabbie2010

sr. member

Activity: 2590

Merit: 322

SOL.BIOKRIPT.COM

Quote from: BuNga_cute on November 18, 2020, 10:41:21 PM

Learning about trading before starting trading is an important thing to do. Because if we don't have knowledge about trading it will be
difficult to determine a good strategy for trading. We start learning trading from the basics first. Lots of guides for starting trading spread
on the internet, study well. Then we will easily make profit from trading, for capital used, adjust to our financial capabilities.

Aside learning it is also important to practice trading via various platforms like stimulators and demos, to have first experience about trading although it can never be like real trading but practicing with those medium is equally helpful, the bottom line is reading and watching resourceful materials on trading on the internet and devising a personal trading strategies abound on the internet and preparing mind on psychological and emotional aspect in trading.

kram31

full member

Activity: 791

Merit: 139

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

We have so many options or guidelines for us to learn about in trading. Since you are in cryptocurrency business learning is very important here, where we supposed to have a bit knowledge or idea about the basic things in trading. Besides, there are a lot of tutorial in Youtube video where We can learn about crypto trading.

k@suy

sr. member

Activity: 882

Merit: 269

Quote from: dimonstration on November 19, 2020, 06:55:57 AM

Quote from: BuNga_cute on November 18, 2020, 10:41:21 PM

Learning about trading before starting trading is an important thing to do. Because if we don't have knowledge about trading it will be
difficult to determine a good strategy for trading. We start learning trading from the basics first. Lots of guides for starting trading spread
on the internet, study well. Then we will easily make profit from trading, for capital used, adjust to our financial capabilities.

There is a need to learn technical analysis to be able to really earn from trading though having basic knowledge can be suffice but may not be able to attain what we really aim when it comes in trading. There are too many terms and charting process that can be learn but all we need is to have a discipline to understand it all and effort to learn and study each projects.

As always and will be the top priority of a trader was to learn the technical and fundamental analysis of the crypto market. It is easy to access basic information about how to successfully trade in crypto just by searching it on internet but the technical analysis can only be acquired by your own observation and analysis and of course with the help of some ideas that you can get here in forum and sometimes in internet.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: Savemore on November 19, 2020, 12:23:44 PM

Begin in basic wherein you should first understand what is trading all about, you need to get familiarize to a lot of cryptocurrencies and a lot of exchanges also. When I was a newbie, I focus first in learning trading terms like support, resistance, trend, most active, top gainers, order types and many more. Nowadays the sources of information is not too hard unlike before where you should required to have a fund just to have a data about the basics. I suggest also to you to open a virtual trading first wherein it can help you to understand the movement of the market and it can help you to get a lot of experiences in the market.

You should treat virtual trading or the paper trading as your real portfolio in order for you to learn and in order for your experience to not go to waste. I suggest that the only time that you will open your account is if you already master the basics wherein you have consistent gains in your paper trading account. Do not also put large amount of money in your 1st exchange because the feeling and execution is really different from the paper trading. Always manage your risk to have better trading performance.

I'm pretty sure that newbies who hear this kind of terms "support, resistance, trend, most active, top gainers, order types" will make them super confused but learning these terms will lead you to a better understanding of how trading works. There are many tutorials on the internet and one of the best sources is the famous youtube. One of the advantages of watching video tutorials is they teach it in the simplest form for beginners to understand it easily. It's nice that aspiring traders nowadays have too many resources on how to trade, I understand the hardship of learning to trade using incomplete guides and where to find them.

OP just keep learning the basics, I'm pretty sure you will experience newer terms and knowledge in your journey on learning to trade.

Kulkhan

jr. member

Activity: 938

Merit: 1

Trading is not easy Matter. For trading we have to laen more and more. We have to Analyses Some important things to start trading . Like:
*We have to anlayse about total economi.
* We have to know abou Cryptocurrency Market.
* Then we have to proper select Potential Currency.
* Total Supply of targated Currency.
* Where Listed
* Usability. And so on. Considering this Subject we have to Trade. Otherwise we will be Loser.

.

Majharul Saiif

member

Activity: 512

Merit: 10

BountyMarketCap

Quote from: ?? on ??

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

If you want to learn about trading, you must invest and actively monitor each change. But beginners start from low-level investment and several telegram groups and youtube videos are helpful for you. Binance is very comfortable to trade for beginners also because they collect low trading fees and we can choose our comfortable amount. I hope you can analyze your own, then ask your clarification is better to learn from the beginning.

Thanks for conveying Binance as a comfortable trading zone.
And practically working out something or wanting to learn it is more beneficial. Newbies start from minor and deliberately after a while, they will learn how to trade. Some information can be originated by reading books, reading articles, or watching videos on YouTube. But it would be effective to endeavor or trade on the trading site yourself.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

What is the minimum amount of money needed to start?

I will respond that it depends the exchange or broker. It is really low amount but the challenge to low starting up is that you will be in a bigger risk to lose it if you can't understand how to manage it. Bigger accounts are easier with better money management if you know how to do that.

Savemore

sr. member

Activity: 952

Merit: 274

Begin in basic wherein you should first understand what is trading all about, you need to get familiarize to a lot of cryptocurrencies and a lot of exchanges also. When I was a newbie, I focus first in learning trading terms like support, resistance, trend, most active, top gainers, order types and many more. Nowadays the sources of information is not too hard unlike before where you should required to have a fund just to have a data about the basics. I suggest also to you to open a virtual trading first wherein it can help you to understand the movement of the market and it can help you to get a lot of experiences in the market.

You should treat virtual trading or the paper trading as your real portfolio in order for you to learn and in order for your experience to not go to waste. I suggest that the only time that you will open your account is if you already master the basics wherein you have consistent gains in your paper trading account. Do not also put large amount of money in your 1st exchange because the feeling and execution is really different from the paper trading. Always manage your risk to have better trading performance.

pragna

full member

Activity: 1582

Merit: 101

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

I must say it needed theoretical study and at the same time you need practical experience. Actually with practical experience anyone can not understand real market so that some times a investor fail to understand market.

Secondly how many amount you need at primary start its depends on token price condition and token selection from market. You can start with small amount that may be .5BTC but be sure for right selection.

thanks.

proTECH77

member

Activity: 1120

Merit: 30

Bisq Market Day - March 20th 2023

If you want to become a good trader, you must try to understand the law of demand and supply in the market which will help you to know more, when you are buying in the market and when you are selling in the market. The most important thing you have to learn so that you will become a good trader is Time to buy, which is very important to any trader who want to make a good profit in the market. Buy when the price of a commodity is low in the market, it will enable you to make a good profit when the price of commodity increase in the market.
The second important you have to learn to become a good trader is, Time to sell your coins in the market which many trader don't know when to sell their coins to make a good income. When the price is increasing in the market show it is time to sell your coins in the market to make a good income from your trade.
As a trader who want to become a professional trader, you must learn to understand the law of demand and supply in the market, which will help you to know when to supply in the market, when the price is high to enable you make a good profit and also help you to know when to demand in the market when the price is low in the market,it can help you buy low for future profit.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

You'll find a lot of guidelines about how to learn to trade bitcoin or cryptocurrency.
Here for example; Bitcoin trading guide, teaches basic things about trading and investing, day trading, swing trading, scalping.
about fundamental analysis and technical analysis, you'll understand after reading some references but basically price movements often follow trends on the market, which may either be long or short-term.
First, you have to open an account on one exchanges such as Binance, Coinbase, Bitstamp, etc, preferred one in your country to facilitate/make it easier to deposit fiat currency.
There is a minimum amount of depositing fiat money, it varies depending on the exchanges, you can check it on their site, usually around $20-$150.

lixer

hero member

Activity: 2562

Merit: 586

Quote from: BuNga_cute on November 18, 2020, 10:41:21 PM

Learning about trading before starting trading is an important thing to do. Because if we don't have knowledge about trading it will be
difficult to determine a good strategy for trading. We start learning trading from the basics first. Lots of guides for starting trading spread
on the internet, study well. Then we will easily make profit from trading, for capital used, adjust to our financial capabilities.

Learning about crypto trading not just trading in general because once you get into crypto trading you will have to face loss and profits unexpectedly and you have to learn how to digest those losses and move forward. It is important to note that in crypto trading you will at times face loss despite making good decisions but all you need to do is keep learning the process and forget about profits and in long term you will have more profitable trades than losses.

I personally do not recommend any books or articles instead trade yourself and learn to digest losses initially and see how market changes as compared to what the indicators suggested and based on that pick your indicators because some use RSI indicator as their main source while some have other indicators and no one is wrong or right, it just shows which one suits whom.

cherryganda

full member

Activity: 728

Merit: 131

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

Well in the first place, perhaps, you are very much aware that crypto trading is not easy to understand. It needs passion and determination
for you to get the meaning of these things. Aside from this make your own way so that you could learn fast instead of copying what other traders did here, I am not suggesting you do it.

Lorokan

member

Activity: 421

Merit: 47

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

One of the easiest feat to achieve in the crypto currency space is to learn how to trade, it just has its own complication which deals with your perseverance and attitudes to learning.

I can categorically state that 50$ is a good amount to start trading, as long as you focus on understanding Fundamentals and technical analysis, and also trade practice a strategy for yourself.

Becoming a good trader deals with you doing the basics of trading consistently, so as you start to learn trading, ask yourself, what is your strategy? What strategy Will you employ??

dimonstration

hero member

Activity: 2674

Merit: 696

Dimon69

Quote from: BuNga_cute on November 18, 2020, 10:41:21 PM

Learning about trading before starting trading is an important thing to do. Because if we don't have knowledge about trading it will be
difficult to determine a good strategy for trading. We start learning trading from the basics first. Lots of guides for starting trading spread
on the internet, study well. Then we will easily make profit from trading, for capital used, adjust to our financial capabilities.

There is a need to learn technical analysis to be able to really earn from trading though having basic knowledge can be suffice but may not be able to attain what we really aim when it comes in trading. There are too many terms and charting process that can be learn but all we need is to have a discipline to understand it all and effort to learn and study each projects.

$crypto$

legendary

Activity: 2394

Merit: 1049

Smart is not enough, there must be skills

Quote from: ?? on ??

Quote from: BuNga_cute on November 18, 2020, 10:41:21 PM

Learning about trading before starting trading is an important thing to do. Because if we don't have knowledge about trading it will be
difficult to determine a good strategy for trading. We start learning trading from the basics first. Lots of guides for starting trading spread
on the internet, study well. Then we will easily make profit from trading, for capital used, adjust to our financial capabilities.

Do your own research first before starting to trade. Learn the basics and study the buy low and sell high strategy so you will be guided which assets to buy and sell it at its high peak. Monitor the market as often as you want so you can determine if its a good timing to trade or not. And the most important is invest only what you can afford to lose. You can start with a small amount because as a beginner, chances of losing is still high than making profits.

This fundamental way is very important in trading when a newbie starts trading, of course, the risk must be prepared to face and never force yourself if you don't have experience or doubt in trading, it's true that @ caseabus with low capital for beginners is highly recommended so as not to lose a lot and the most important thing is to learn from this forum and ask what you do not understand before making a better thread search on this forum so that the same question does not occur.

tbterryboy

sr. member

Activity: 1988

Merit: 322

Quote from: illnino on November 18, 2020, 04:17:34 PM

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

I will begin with the answer to the question about the minimal amount. You can spend less than 100 dollars and start trading already. However, before, you will need to learn everything about cryptocurrencies. It will take you months, but it is worth spending time.

You know what, I will rather suggest to invest the $100 into a new altcoin project maybe and try to earn at least $500-1000 before you get into crypto trading because $100 is too small and a trader might lose all the money in fees and other stuffs.

Yes you can start with $100 but spare a thought how would you feel trading all day and earning like $20 per month because 20% ROI is hard and you cannot expect more than that with a new trader.

I think a lot of traders lose their interest because they do not get sufficient profits and hence I would strongly suggest to at start with $500 if you are serious and consider it as a long term option.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

OP, what is important to learn how to trade your curiosity first, which will spark your motivation. Learn the basics of DYOR, or Do Your Own Research starting from each coin. Research their White paper as it all started there. Then start your analysis.

There are 2 kinds of Analysis in trading

1. Fundamental Analysis - (FA) is a method of measuring a security's intrinsic value by examining related economic and financial factors. This is also pertaining to news about the coins,their updates etc. There are 2 types of this a). Quantitative and b Qualitative.

2. Technical Analysis - is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume. There are many tools being used on these by analyzing the trading history. It employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market, and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.

I hope this is a good start for you, dyor!

BuNga_cute

full member

Activity: 1736

Merit: 116

Learning about trading before starting trading is an important thing to do. Because if we don't have knowledge about trading it will be
difficult to determine a good strategy for trading. We start learning trading from the basics first. Lots of guides for starting trading spread
on the internet, study well. Then we will easily make profit from trading, for capital used, adjust to our financial capabilities.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Quote from: pablorealm on November 15, 2020, 12:59:12 AM

Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?

In my experience I start to learn about trading is learning how technical analyst work. There are so many strategy about technical analyst, like support and demand, trend line, candlestick pattern, harmonic pattern, fibbonaci and many more.

After that, if you have known those strategy you have to know about fundamental analyst. Because fundamental analyst is strongly affect to sentiment market. Yeah, you will when you start trading later, there is a situation when uptrend is ongoing but in a few time the price drop a lot and change to downtrend market.

As for a capital that you should spend for the first time, I think it is up to you. You have to spend the money that you can afford to lose so you will be comfortable to trade, you will not have a worry to loss and it is bad when you are trading.

Topic: What should I study to learn how to trade? - page 5. (Read 1605 times)