What should I study to learn how to trade? - page 6.

sulendra12

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

Can someone point me to where I should begin?

There are lot of guides in youtube to start with. Learn how to use the candlesticks, learn some indicators to help you achieve your goals and don't be afraid to ask someone whose really good at trading to help you! and the important is how to manage your emotions, that's the crucial part of trading imo.

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

And one more question: What is the minimum amount of money needed to start?

You can start in any amount of you want.

illnino

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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.

SquallLeonhart

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Do not forget to practice, there are now many places in crypto world where they give you free fake money like you have dollars, and you start trading and you see what to do, after you learn all of these suggested stuff, you should go test your new learned systems with it for a while and see if you actually learned it well.

If you start to make a bit of money, maybe keep doing the same method there while also adding some new other methods side with the profited side, after a while you will have few methods that will make you money in different conditions. At that point you could start trading for real with the money you have but never forget that you should never trade with money you do not have, if you take a loan or spend money you need on trading it will end very bad.

crazy-pilot

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First of all, you need to understand what trading is and its specifics. To do this, you first need to invest in your training, buy courses, spend time watching videos, ask for advice from more experienced traders.
You have to invest to understand how it works, and only then start to act yourself. In the process of training, you can create a demo account on which you can hone your basic trading skills.

jaberwock

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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 have seen plenty of beginners ask me this these questions, especially how much they should use for trading or investment. Just like someone that I taught somethings about Bitcoin and crypto as of recent, and after teaching home about it, he was interested in it and wanted to invest, then the next question was how much he should invest in it. My answer to this question has always been ‘how much are you ready to lose?’ lol.

I ask this particular question so that I can remind them that there is risk, so they know how much they have and how much they are ready to risk in it. It will then be up to you to decide since you know the amount that wouldn’t bother you much if you happen to lose it.

TitanGEL

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Quote from: drlukacs on November 16, 2020, 01:31:21 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?

To become a good trader, you need to learn a lot about economics - finance, and psychology. First, you should read about the example of millionaires to be able to comprehend the idea of trade as well as how they turn $ 100 into $ 1 million. To me, thought is very important throughout your trading process.
In addition, after understanding how to get rich in trading, you need to learn more about psychology. Way to steady psychology and get rid of the temptation "greed", which has made many traders lose a lot. I guarantee that it will take you about a year to master the above skills. The amount you start trading to test your strategies should be only $ 100, subdivide it to make a lot of orders rather than all in slightly bro.

You are actually right because psychology is really important in trading wherein a mindset can affect our overall decisions. For me trading is not about technical terms, it is about mindset where you can choose between a winning mindset or a losing mindset. There are also traders that thinking quick rich in trading that makes to lose huge amount of money not knowing that success in trading is a long-term process usually takes years in order to build a good habits and mindset.

By becoming aware on what we feel, then we can become also aware by our thoughts are forming like that. There are a lot of emotions that should be consider before and after trading like greed, fear, uncertainty and doubt.

fishbonez11

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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?

As much as possible take a trading course. It takes a lot of experience to learn more about trading. Do not depend on your impulse, trend demands serious study of what's going on. Knowing that experience is costly, you can start small when starting. Dont put all your funds at once. As you gain experience, gradually increase your funds.

Janation

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Quote from: JahriMeayer on November 17, 2020, 07:24:37 PM

Before start trading You need to understand about the crypto industry first.besides you need to control your greed and emotion.there are many way that are used to manipulate marketing. Spreading fud, panic selling, lack of confidence can makes you weak & unremunerative. Should be careful about those matter.then you can start your trading with a amount that you think perfect for you to learn.

I don't think newbies would start about this manipulation.

That could lead them to wrong ideas that might destroy them in the longer term. Just let him feel and experience the volatility of the price and if he can control himself, he can just strike at the right time. Predicting the market is his goal in the long run since, without knowledge and experience about cryptocurrencies, he can't predict possible movements and changes.

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Before start trading You need to understand about the crypto industry first.besides you need to control your greed and emotion.there are many way that are used to manipulate marketing. Spreading fud, panic selling, lack of confidence can makes you weak & unremunerative. Should be careful about those matter.then you can start your trading with a amount that you think perfect for you to learn.

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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 are a newbie to trading, then at first i would suggest you to do some research.
Learn the basics of trading at first, then read the backstory of coin that you want to invest on.
Moreover at last just don't be greed, always try to start with getting smaller Profits.

And there is no minimum amount to start trading, if you have the guts to bear losses, then you can go as high as your budget, else always start with smaller amount. I would advise you to start with 100$ for the first few times.

Hope this helps you mate.

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Quote from: Furious 7 on November 16, 2020, 01:44:43 AM

Quote from: maydna on November 16, 2020, 01:08:50 AM

~snip~

In essence, we have to see what trends are happening sometimes it can also affect the price up and down, but if we are smart in choosing and right when buying and selling, whether when it is down we have to buy a lot or only a little because if we are wrong in the analysis then will put us at risk sometimes when the price goes down even further.

In this way, buying when it goes down, selling when it's high is also commonplace, but how we can analyze and trend when to enter the crypto market is what makes it more difficult for us to understand it.

That is why we need to learn more details about trading, so we can know where trends are now. That can help us to determine which trend that happens in the market. Besides that, we will know what we need to do, and if we don't have more info, we can stay calm watching the price moves, and we don't need to force ourselves to enter the market.

The market analysis will be important to know the trend goes, so you can determine the next step you need to do. Don't forget to learn about the available indicator because that will help you predict the trend, although the trend can go anywhere.

Vispilio

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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?

Automated and Algorithmic trading make up the majority of the volume in all exchanges, so a quantitative degree that will expose you to coding and testing trading strategies, like Financial Engineering, Quantitative Finance or even data sciences, statistics or Physics should be a good starting point to understand the bulk of modern financial activity.

Having acknowledged how trading algos and automated scripts operate in financial markets, you can then choose to be either part of that game or take a more discretionary approach to create your own unique edge, good luck.

DevilSlayer

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Spend most of your time in studying and analyzing charts. I really mean it when I said spend because you really need to make sacrifices if you want to learn how to trade profitable. You can easily learn how to trade but it doesn't mean that you are going to be profitable already. There are big differences between learning how to trade and learning how to become a profitable trader. There are some information in the internet that for me considered as not good because it doesn't teach you how to become a good trader. There is no talent in trading it is a pure skill where you can learn it by spending most of your time on it. I suggest to others to spend minimum of 5 hours per day on studying about trading. It is all about having persistence to learn and you can become a good trader in the near future. If you are beginner then maybe you should visit investopedia because you can learn technical terms in trading for free.

Renampun

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trading for me is quite easy, you only have to sell and also buy...
buy and sell!! in theory, it is very easy but in reality, it is very complicated because many factors can disrupt the price of an asset that is in the market. btw, You can see videos that are circulating on YouTube, just type how to trade in search, and then you will be given a video recommendation.

drlukacs

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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?

To become a good trader, you need to learn a lot about economics - finance, and psychology. First, you should read about the example of millionaires to be able to comprehend the idea of trade as well as how they turn $ 100 into $ 1 million. To me, thought is very important throughout your trading process.
In addition, after understanding how to get rich in trading, you need to learn more about psychology. Way to steady psychology and get rid of the temptation "greed", which has made many traders lose a lot. I guarantee that it will take you about a year to master the above skills. The amount you start trading to test your strategies should be only $ 100, subdivide it to make a lot of orders rather than all in slightly bro.

Hamphser

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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?

"BUY LOW SELL HIGH"

Pretty basic eh? but when you are already on the actual situation then its really hard to do such thing.If you are a complete noob even with the basic terms then you can start up on here;

Babypips.com
forexfactory.com

Sounds for forex right? but these places are the best ones on learning up the basics specially for technical aspects even though this market
is highly reactive to fundamental but still you would really be ending up on this kind of way.

Alucard1

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You may learn more about trading with the help of this forum and you may do some more, you may watch some youtube tutorial, there are already many crypto tutorials or skills that you may watch. You may also ask on Reddit which takes only 2-3 hours before you receive an answer. You may also apply to some courses in Udemy, it will help you a lot.

Trading is only buy in low and sell in high, that is the basic rule of trading but that is not only enough, but I also am not an expert trading so I cannot help you with some other useful things, try to check it with what I mentioned above.

lifeOK

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Quote from: proTECH77 on November 16, 2020, 12:57:13 AM

For you to really understand trade very well in the market just try be focus on price rising and falling in the market,it will make you to know when to trade and when not to trade in that season. Anytime you want to buy just try buy when the price is low in the market so that it will cause you a big profit when ever you want to sell in the market. Anytime you wish to sell just try to sell when the price is high in the market, it will help you to earn more income in your trade.

Complete basic idea in trading, however reality is totally different what we read. The things could be work out or could be act reverse. Beware of, only risk what you are willing to lose. Mate your investment could also be worth half its value nobody really knows. Tried learning to trade then you might know whether you're comfortable or not. It takes time. You can't be successfully master a skill in a month, right?

Fesatmas

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The minimum capital depends on the platform policy you are using. then the knowledge that you can find yourself from various sources. What I emphasize is that you have to have a realistic attitude, that is, don't expect to make big profits overnight. You must be disciplined in trading, always consistent with the size of the income you get, you must be grateful. the most important thing is patience and consistency.

hahay

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First you have to do is access the exchange and for the amount of money that is required I think it depends but, $70-$100 for a start is fine too but with careful consideration, that means you also have to be prepared with the risks. It's useless for you to learn trading if you haven't even accessed an existing exchange site, because by accessing the exchange site you will at least learn everything, such as the fees that will make you have a good calculation in preparing money for trading, and besides that you will know the movements that occurred from history and also the charts that are there.

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