Topic: Where do you get trading advice and tips from? (Read 759 times)
Do research there are many platforms where you will find good articles about trading strategies and also tips for trading and also many videos on youtube also i mostly use youtube and can get trading strategies and tips for trading
Do you get advice and tips from some telegram group you joined? Or do you get advice and tips from your friends?
~
Somehow I missed the part of downloading books from Google since I was mostly a watcher so that I can see how traders interact with the UI. I was confused at the first glance in my first day in Binance, and I was not sure how would I use each indicators provided there.
Nowadays there are some telegram channel which is free they give us signal and as well as they also give the target price and stop loss so people can make profit once they think people are making profit from their signal they launch the paid course but most of the people believe on free course or signal.
at first I was taught by a friend, and I followed his trading style, until finally I was able to assess and find a trading strategy that suited me through various sources, including youtube and the telegram group, we can pay attention to each person's trading style which is different for make a profit, so hopefully later I can trade in my personal style and comfortable for me
I read books about trading and I do ask some questions from my friends, I practice demo trading and then I try to do trades there and screenshot my performance and then send it to my friends and have them tell me what I did wrong or right. It's quite effective on me but I don't know about the other people because my friends are good at teaching stuff like this.
Do you get your trading advice and tips from a self acclaimed trading guru on YouTube or some social media platform who sometimes make most of their money from selling courses and not really trading?
Or do you take trading advice from this forum?
Do you get advice and tips from some telegram group you joined? Or do you get advice and tips from your friends?
I take my trading advice from different places, it can be from this forum or from my friends and also from cryptocurrency focused websites like Cointelegraph, and also on Twitter which is one of my favorite social media platforms. So there are so many different ways you can be getting information that has to do with trading, but I have never used YouTube to do research on trading, I have never bothered myself about doing that, cause I am not moved to do so.Or do you take trading advice from this forum?
Do you get advice and tips from some telegram group you joined? Or do you get advice and tips from your friends?
Although I do know for sure that if I should research about it on YouTube, I am sure going to find something that I will see as useful information. But, most of the contents on YouTube are looking for ways to promote one thing or the other.
I just gather updates from coinmarketcap and with trusted trading sites, that provides me legit volumes on respective coins with good ranking. Seeking advice from any group, I never wanted it to become a desired source because not all of them gives me accurate results. Much better if your just took some pointers, and you'll definitely have an independence to choose what's right or wrong.
I used to use a lot of sources for market analysis, the success was variable and I was not happy with it.
As a result, I realized that most of the sources duplicate each other, therefore I could no longer trust them and I began to use only a few. In particular, these are the channels of two traders, one telegram channel and a YouTube channel with analytics.
sometime our own analisys could be better than any source in site or youtube. if we have alot experience in market especialy if suffered loss many times, maybe our knowledge could be best source to enter in market. by learning from mistake and improve ourself knowledge and trading skills,.As a result, I realized that most of the sources duplicate each other, therefore I could no longer trust them and I began to use only a few. In particular, these are the channels of two traders, one telegram channel and a YouTube channel with analytics.
I did the following:
1 - I learned technical analysis on youtube, I search on several youtube channels
2 -I downloaded technical analysis books on google
3 - I practice a lot every day I trade
I think this answers OP's question.
learn and practice will help us to identity how market work, by doing this regularly structure market and trend will easily known. and if make mistake we could improve again till we find best trading system that suitable with us, 1 - I learned technical analysis on youtube, I search on several youtube channels
2 -I downloaded technical analysis books on google
3 - I practice a lot every day I trade
I think this answers OP's question.
Everybody may have different steps or ways. I personally do the following:
I- Interested in trading from my friends
- Learning about trading and investing also from my friends, he let me know many things about his ways or strategy of trading, but he always stated:" never only follow what he does, but you must know what you can do and what fits you exactly".
- After learning from my friends, I continued to learn many things from every source possible to learn, such as from some tips in this forum, chitchatting with other friends in telegrams., watching videos on YouTube (there are several good channels that offer the information), reading on website and others.
I- Doing some demo trading if any
- DOing trading and learning by doing that will give me more experience.
I- Interested in trading from my friends
- Learning about trading and investing also from my friends, he let me know many things about his ways or strategy of trading, but he always stated:" never only follow what he does, but you must know what you can do and what fits you exactly".
- After learning from my friends, I continued to learn many things from every source possible to learn, such as from some tips in this forum, chitchatting with other friends in telegrams., watching videos on YouTube (there are several good channels that offer the information), reading on website and others.
I- Doing some demo trading if any
- DOing trading and learning by doing that will give me more experience.
I did the following:
1 - I learned technical analysis on youtube, I search on several youtube channels
2 -I downloaded technical analysis books on google
3 - I practice a lot every day I trade
I think this answers OP's question.
1 - I learned technical analysis on youtube, I search on several youtube channels
2 -I downloaded technical analysis books on google
3 - I practice a lot every day I trade
I think this answers OP's question.
I used to use a lot of sources for market analysis, the success was variable and I was not happy with it.
As a result, I realized that most of the sources duplicate each other, therefore I could no longer trust them and I began to use only a few. In particular, these are the channels of two traders, one telegram channel and a YouTube channel with analytics.
As a result, I realized that most of the sources duplicate each other, therefore I could no longer trust them and I began to use only a few. In particular, these are the channels of two traders, one telegram channel and a YouTube channel with analytics.
You sound like an experienced guy! I guess most of us had the same road, we tested many things, but in the end, everything fell down to a few sources! It's like there are too many experts, claiming to be, and they talk from their own perspective, which is usually wrong! So following a few people/sources, and creating your own strategy is crucial for making a long-term profit!
It's better to try to find your own way of understanding crypto fluctuation, and to trade by your insights than to trust others to do the job for you! There are people who are good and willing to share their predictions, but they are hard to find!
I just get my advice form history... History almost always repeats itself, and it's a better gauge than anything.
You can get advice from as many random sources as you want as long as you can find an example of where it's happened before or if it's about to happen and confirm it on a chart or however else.
That's actually a good strategy tho, truly history repeats itself, you know I never taught of using this strategy but sometimes things do changes a bit so using this strategy we should also be observant as well because things might turn out the other way round. And I will also advice we shouldn't take random advice blindly, try making your own researches. You can get advice from as many random sources as you want as long as you can find an example of where it's happened before or if it's about to happen and confirm it on a chart or however else.
I used to use a lot of sources for market analysis, the success was variable and I was not happy with it.
As a result, I realized that most of the sources duplicate each other, therefore I could no longer trust them and I began to use only a few. In particular, these are the channels of two traders, one telegram channel and a YouTube channel with analytics.
Actually there are lots of sources which you can really make use into your analysis and its up into your own jurisdiction or own decision because not all would be that garbage and there are still some As a result, I realized that most of the sources duplicate each other, therefore I could no longer trust them and I began to use only a few. In particular, these are the channels of two traders, one telegram channel and a YouTube channel with analytics.
analysis which are really worth to look upon because since we are just all speculators but doesnt mean that you would just close up your mind into your own analysis
and wont be tending to accept any possible changes which you might seem to be more realistic than your current ones.
I used to use a lot of sources for market analysis, the success was variable and I was not happy with it.
As a result, I realized that most of the sources duplicate each other, therefore I could no longer trust them and I began to use only a few. In particular, these are the channels of two traders, one telegram channel and a YouTube channel with analytics.
As a result, I realized that most of the sources duplicate each other, therefore I could no longer trust them and I began to use only a few. In particular, these are the channels of two traders, one telegram channel and a YouTube channel with analytics.
I read books about the basics of trading in stock market because I feel like there's some similarities to trading in stock market in terms of analysis and trading although it's not a great reference point, I can still make do with information I learn and try to apply it and then see if it works or not. Good thing that friends are there to help with the trading so I don't fail miserably.
For me, a demo account of the Amarkets broker has become an excellent option for gaining experience and knowledge. This option seemed to me quite interesting, and you can take quite a lot of useful things.
That's actually a nice way to learn although some people in this forum don't like using demo account saying it's a waste of time although I feel like the mistakes that you can do there and how you can learn more about it risk free is just too good of a benefit to not use it. I do get advice in this forum and from my friends although I try my best not to take those advice to heart because sometimes what works for them doesn't work for me. Well, there is nothing wrong if you will look some time in other's analysis, but only making this as a reference of course. Pure technical analysis will not give accurate results in trading, sometimes you should listen to the point of the fundamental analysis which is very common when there is a trending coin. However, there are too many platforms that can help you to build your own analysis as you are also another tool of analysis. Advice and tips are very important, when you know the tips, it is very easy for you to solve the puzzle since you have already a clue, all you have to do is verify their work.
Absolutely, there's nothing wrong with taking or looking for other's trading analysis and tips because listening to other's tips you can also learn things that you don't know in our own type of trading set skills. I'm not totally saying that we must rely to other's opinion and their own kind of technical analysis but what I mean is look for the good thing about it and compare it to you, make a balance analyzation on with what you have heard to others compare to your own analyzation and take the good, sometimes being a good listener could also lead us to be a good trader.
I have first started my trading journey with the help of my colleagues that have introduced trading to me on which I have first known it and learned it as well starting from the basics and into application. I have widened my knowledge about trading by of course doing my own research or simple studying on my own trying out different strategies as well as getting familiar with the market where I wanted to trade with. Mostly I learn from reading on this forum as well as with the internet and also using my own experience as a preference based on what I have got into from the past and use my learning all together to be able to act properly on how to deal with my trading.
Cryptocurrencies are speculative assets and from what I have learnt is markets always become bearish when an influencer person makes a demeaning comment about crypto, regulation talks are against crypto or crypto miners being negatibely affected, the outcome is bearish and an opposite reaction makes markets bullish.
With all this information available you can easily tell which direction the market will be taking, though at times the reactions of markets are short term.
what you mean probably tends to lead to Fundamentals, because some News will affect the price of bitcoin or other coins. Fundamentals are also balanced with technicals. Every graph up and down that occurs can be predicted using technical analysis. Don't just rely on the fundamentals, you also need to read the chart. With all this information available you can easily tell which direction the market will be taking, though at times the reactions of markets are short term.
Jump to: