Pages:
Author

Topic: What should I study to learn how to trade? - page 7. (Read 1605 times)

full member
Activity: 2100
Merit: 174
November 16, 2020, 10:33:29 AM
#36
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 no big deals around this trading, in a simple lay-man language; buy low and sell high, but sincerely the trading industry is far more just that simple lines. Beginning your learning skills or trading skills from YouTube channels or from trading view software which is available online for free. These softwares actually helped my humble self about trade and for now am good in trading like a semi-pro. No minimum amount for trading in my point of view becasue something from $10 to $100 is very much okay for me indeed.
member
Activity: 504
Merit: 33
November 16, 2020, 10:13:21 AM
#35
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 should specify what your goal is, what kind of a trader do you want to be? and are you going to do it full time or it's just a part time thing?

Good thing is that in most cases and specially in trading you have all the needed information ready online if you're just thinking about doing trading as a part time job, but if you're one of those people that are counting on trading as a real full time job then I'd suggest you to start reading some books about technical analysis first before going into any articles and guides, one book that I can recommend is "Technical Analysis of the Financial Markets" by John Murphy which is a great book and very easy to understand even for beginners, and it goes without saying that reading these books just one time is not going to be enough.
full member
Activity: 854
Merit: 100
The OGz Club
November 16, 2020, 09:31:19 AM
#34
everyone has their own way of trading, if I mention maybe only a few, by following the flow of trading experts,
following an indicator such as RSI or MACD (who understands will understand),
and of course use MA indicator and SMA is definitely used a lot too, that is how people trade,
learn and learn from the mistakes, you can success with that
sr. member
Activity: 1876
Merit: 318
November 16, 2020, 06:01:04 AM
#33
Now it is very easy to learn to trade, because the internet makes it easier for us to get the information we want. Including information
about trading, I suggest you read the basic rules of trading. So you can start trading safely, try searching in this forum for tips related
to trading. Or you can watch trading tutorials on the YouTube platform, there is no limit to the minimum amount of money to start trading.
Because trading capital depends on the financial capabilities we have, everyone has different financial abilities, so everyone has a different
minimum amount of money too, then only you know how much capital to start trading.
hero member
Activity: 3038
Merit: 647
November 16, 2020, 05:18:00 AM
#32
Just like what @ GreatArkansas said, don't get excited but to start the basics. You'll no need to hurry and definitely, don't think about instant success in trading because it is not the way should be. People who are in the stage of curiosity will be the person that usually gets success and if you have some knowledge in stock market trading could be beneficial to you as it also somewhat the same in crypto trading. But, don't be confident enough, the risk in crypto is quite different that you will see in a less volatile market. Act smartly and think wisely, a ticket for your success, and the last thing is that, "Don't Stop Learning".
legendary
Activity: 3206
Merit: 1213
Enterapp Pre-Sale Live
November 16, 2020, 04:33:40 AM
#31
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
You should start from the base of buying low and selling high. This needs to be done with the top list altcoins having low price at the beginning. Every exchange have got their own minimum limits. At the beginning you need to focus on very small profit, which means you need to buy low and sell when there is small growth in the price. Maybe the profit will be very small, but through this only can learn better about trading.
sr. member
Activity: 1330
Merit: 326
November 16, 2020, 04:26:27 AM
#30
Can someone point me to where I should begin?
 And one more question: What is the minimum amount of money needed to start?
 

 Since you are new in trading, try to learn the difference between the fundamental analysis vs technical analysis. This will gonna help you in your first trading experience. The moment you will learn about reading indicators, you should at least try by doing some long term trading rather than short term or daily trading.
 
 And if you are asking about the minimum money needed, just have a fund that you can afford to lose and get ready with all the risks when doing these. There are minimum deposit amount of fund in some exchanges for you to be able to proceed. Read, learn and incorporate.
legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
November 16, 2020, 02:20:56 AM
#29
The best way is to get some account some where, where there are no trading min limits and deposit $100 and take live trades like that. If you are in USA you can use Robinhood and you can buy and sell stocks, crypto with that also and they also have very small min. deposits.

Reason why I don't want you to trade demo is because with demo there is no emotions. With demo you will not take the same risks as you would with a real live account. So whether you are trading with $100 or $10000, there will always be some emotion there and you will learn that trading is not as easy as it might look.
hero member
Activity: 2856
Merit: 644
https://duelbits.com/
November 16, 2020, 01:44:43 AM
#28
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.
If he can do that, I guess that his feeling will play a role in determining the time to buy and sell to guide him to have analysis and predict where the trend will go. But he should buy when the price is low and sell when the price increases and don't try to greedy to take the profit because that will not always work.

The market price will always up and down following the trend, so we need to be careful to buy and sell. Otherwise, you will make it wrong to buy and sell, and you will miss the chance to buy low and sell high.
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.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
November 16, 2020, 01:08:50 AM
#27
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.

If he can do that, I guess that his feeling will play a role in determining the time to buy and sell to guide him to have analysis and predict where the trend will go. But he should buy when the price is low and sell when the price increases and don't try to greedy to take the profit because that will not always work.

The market price will always up and down following the trend, so we need to be careful to buy and sell. Otherwise, you will make it wrong to buy and sell, and you will miss the chance to buy low and sell high.
member
Activity: 1120
Merit: 30
Bisq Market Day - March 20th 2023
November 16, 2020, 12:57:13 AM
#26
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.
sr. member
Activity: 1036
Merit: 281
November 15, 2020, 11:13:17 PM
#25
The truth is there are now many information uploaded in internet so you can learn without buying books or some thesis in the marketplace. If you are a beginner I prefer you to study basic fundamental and technical analysis. Those two types of analysis can help you to have an idea on where the price may go by reading the chart and its price action and also the financial statement of a certain project.

If you will now make investment, I think it is better if you will start with low amount of money first maybe $50-$100. That account will be a trial account that can help you to understand and be familiarize how the market reacts in everyday. I do not suggest investing huge amount money on your first investment like $500 or more because there is possibility that you can lose it all.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
November 15, 2020, 10:34:07 PM
#24
Can someone point me to where I should begin?
Best to understand your emotions first, check if what kind of personality you have as trading mostly speculative, knowing how good you understand and how willing you are in taking more deeper while risk as always accompanying each position that you are taking, different kind of emotions needs to controlled correctly, most of the time aggressions brings traders to big losses.


Quote
And one more question: What is the minimum amount of money needed to start?
Always secure your finances, trading is not a one click success formula, most of the time newbies lose their money quicker than what they've expect, failed to understand the market movements, it will kill you if you mismamange your stating capital, best to begin with small investment and try to learn every fundamentals that you need to survive and success from this venue of investment.

hero member
Activity: 2058
Merit: 538
Leading Crypto Sports Betting & Casino Platform
November 15, 2020, 07:36:52 PM
#23
There are more than thousands of sources for learning the basics but I suggest reading the babypips website books which cover all trading materials with funny pictures. You can look through the different threads on the forum as an additional source but don't try to learn from fake rich traders on YouTube or other streaming sites.  Learning through the YouTube platform will not make anyone a professional trader because the incorrect information can be the reason why traders tend to lose often.
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
November 15, 2020, 06:31:57 PM
#22
Learn from the basics. Upon trying to start learning how to trade or anything about trading, you must first get yourself familiar on the cryptocurrencies that are existent within the market upon the time you are trying to learn about it. Observe the market using the price chart where you can see how the prices changes overtime, the volume and demand and other aspects needed for you to certainly be familiar with such cryptocurrency. Next is learning how to trade. You can enroll yourself into trading lessons that can be found online or ask someone you are very well-known about how you can effectively do trading.

The next thing, upon doing trading, the budget or funds upon starting is up to you. You do not certainly need a huge amount of money upon starting. Just make use of what you can afford to give out.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
November 15, 2020, 04:50:03 PM
#21
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
I think the first question should be in what way you feel more comfortable learning? Do you need a teacher? Can you learn from YouTube videos? Or can you learn from books? While technically you can learn from all of those sources each one of us has a preferred method of learning, find the one that you like the most and try to find sources that are reliable from which you can learn. About your second question again that depends entirely on what are your goals, if right now your only goal is to learn then a few hundred dollars is more than enough, but if you really want to earn a lot of money then you are probably going to need years of savings.
Well, that is right, you can find and learn on the internet if you want to learn in trading.
Learning in trading is not just an easy way if you are looking on the internet, you should also understand how it will be worked and how should be gained profit and taking the risk that they had. Because for me, trading where a start to risk money in the future and we should know how to overcome a situation like this.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
November 15, 2020, 04:26:34 PM
#20
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
I think the first question should be in what way you feel more comfortable learning? Do you need a teacher? Can you learn from YouTube videos? Or can you learn from books? While technically you can learn from all of those sources each one of us has a preferred method of learning, find the one that you like the most and try to find sources that are reliable from which you can learn. About your second question again that depends entirely on what are your goals, if right now your only goal is to learn then a few hundred dollars is more than enough, but if you really want to earn a lot of money then you are probably going to need years of savings.
hero member
Activity: 3066
Merit: 577
Leading Crypto Sports Betting & Casino Platform
November 15, 2020, 04:02:23 PM
#19
Can someone point me to where I should begin?
And one more question: What is the minimum amount of money needed to start?
Begin in creating an exchange account. If you already have an idea how to buy bitcoin with fiat, then it's the same as doing trades.
You can start with the minimum deposit amount and conduct trading on your own. Read trading materials or watch Youtube videos, how to place orders, sell and buy orders. Experience later on will teach you everything.
hero member
Activity: 2912
Merit: 642
November 15, 2020, 03:42:20 PM
#18
No minimum. Just how much you can afford to lose.
For starters of course.
Not everyone who starts trading have lady luck on their side.

Do you have something in mind of what pair you want to trade?
Like BTC/USDT or BTC/ETH?
For learning, this forum is a good start. Then, if you are trying to save more money so you could use it to trade then just watch free clips in known streaming websites.
That's just what I did and just let experience do the rest.
legendary
Activity: 2548
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
November 15, 2020, 02:05:46 PM
#17
You can start trading with any amount, but it is necessary that before trading with real money, you use an Exchange that you have to operate with fictitious money, normally the emotion makes you not operate like that, but directly with real money, but it is always recommended with virtual money so that you can learn to handle the Exchange tools, learn to follow your trading plan and how you can react to sudden market movements.

But I recommend you learn to understand the market, look for the reasons for the movements, sometimes the impacts of some news, fundamentals, emotions, if a whale entered, if an investor entered to buy and made a short movement in the market to buy cheap, learn to read the volume, there are many books that teach you to think, especially those by speculators such as Wyckoff, Livermore, since most of the information on social networks and courses you will find only on Technical Analysis, but before doing an T.A, it is best to start trying to understand the market movements.
Pages:
Jump to: