Bitcoin Forum

I want to learn day trading/ or short time trading not hodling, so can you instruct me for some ebook or strategies. Thanx in advance

There is no big book to be a trader, maybe my advice you should start reading about technical analysts and fundamentals. So you know how to analyze the stock market.
As Day Trader, we should be able to take the opportunity to take the best price level. This means that if now the market is uptrend, then the optimal moment to press the Buy button is when the price in cheap condition. Yeah dude, always remember the principle of “buy cheap, sell high” Therefore, once the price slowly descends from its peak, be prepared to buy.

I don't learn about trading altcoins on the books, i have got it from my experience the practice trading. You must learn about analysis technical before starting trading, it is useful for making prediction of the price the best source of information for analysis technical can be found on the YouTube video. It helps for new traders who doesn't know anything about the basic knowledge about analysis technical than learning just by the books.

Try to learn forex strategies and indicators, you can try https://dailyfx.com to know more about Bitcoins and its technical analysis.
They give base levels like support, resistance and pivots to let you decide where and when to enter the markets. You may learn forex if you are interested in altcoin trading as it is different and lead to huge profits/loss in very short time. The best thing you should know about are patterns, as they help you know the possible levels from where breakouts may happen, and breakout is an important part of trading if you know how to use the patterns and levels correctly.

You do not need to read and follow it so called 'Trading Strategy' or something like that.
just learn the basic and implement it,
you will never know what will happen to you and your portfolio if you do not know the basic.
the most important thing that you need to know is,
Read the market,Set your strategy and Believe it.

Try to learn it step by step,
someday you will understand what i was talking about to you.


for your reference;
https://www.investopedia.com/articles/optioninvestor/09/implied-volatility-contrary-indicator.asp

I have been trading for a couple of weeks now. I did start small just to have a feel of how things work in trading bitcoins.
I only used a couple of dollars. Because I only invested small I only gained small also. Though the experience you will gain from doing these are worth. Your prediction on price of bitcoin can be trained here.
Based on what I see bitcoins price might drop below $9000. Then rise up again. These are all my opinion though.

First of all you have to read a lot.  If you like reading you can buy this for TA

The Handbook of Technical Analysis

https://www.amazon.com/gp/product/1118498917/ref=oh_aui_search_detailpage?ie=UTF8&psc=1

If you like online page i like babypips. It is for forex but basics are same

https://www.babypips.com/learn

After that, you should start checking tradingview and try to do your own technical analysis.

You should also do not forget fundamental analysis. What is FOMO and FUD

After learning all those , i believe you will understand that you can't beat the market , especially crypto :)

thanx to all, i will probably start learning and trading with small amount, to get some experience

I think this is a new market and it is very potential, it can bring you extremely high profits but also a lot of risk. In order to be commercially successful you need to be aware of the following: you must always seek information from the Web in the fastest way, then process information and technical analysis quickly. From there you will have plans for yourself. Another important thing is that you have to calmly avoid the FOMO effect.

no books I learned to trade, I started to plunge into the trade when I tried it with a little capital and do it slowly so there is a lot of experience that I get from trading, but if you want to get ease in trading there are some things that you need to learn such as learning to use indicators to read the charts so you can determine the results that will come out later, such as predicting the possibility of prices going up or down

I think if you want to learn trading you have to learn its trending when the price goes up and down there is nothing instant here all need a process unless you want to gamble you can buy a certain coin and hope tomorrow the price goes up.
most importantly buy cheap sell at high.

Yes, there is no instant when it comes to learning things in trading. There is actually a process on how to learned. Read, and watch certain videos for you to adopt and learned the basics in trading. Once you gained from it start little by little until you know on how to gain profit.

actually there is no book to learn daily trading, I think it is based on the luck you have, you can by looking at the existing charts for daily trading, if the graph is down then it take a buy position after that market sell order difference 50 point is very profitable if playing with much capital.

Your first lesson would be "Buy Low, Sell High" and you need to repeat that over and over again because when the price of the coin or token you bought dropped, traders forgot that "Buy Low, Sell High" line. They panic and start selling even below their Buy price. I know it's easier said than done, but I have been there and I've had a lot of regrets in selling too early because of panic or following someones advise.

Don't follow the pump. That means if you see a token or coin that is currently pumping, don't jump in right away to join the party, because maybe they are already midway or almost done and you'll be left holding a bag of high priced token or coin.

Set a target, a target that is reasonable and achievable. I would rather earn 3% per day than loss 20% of my investment because the price dropped all of  sudden.

As I was in a same situation like you a few months back I can tell that you will have to make up your own strategies once you learn the basics of trading. Youtube and this forum are a good source to learn some basic concepts like placing limit orders, Other types of orders to minimize loses. Off the hook, try demo trading as many exchanges have this feature. Make a list of promising coins and keep an eye on them.

Start with a small amount. Buy Low- Sell High- Rinse Repeat.

As you progress you will learn how to make quick decisions. You also need to be mentally strong to avoid yourself from panic selling. Make sure not to buy at an all time high price. You will need to resist this urge or FOMO as it is called in Crypto Lingo.

Good Luck and Happy trading!

There is no such thing for you to learn bitcoin trading that fast. But a simple DYOR or Do Your Own Research might help you. But if you are knowing people that are good in TA's, probably ask help from them. I believe they're the persons you need to contact right now. But there are some cases that you just need your intuition in order for you to trade. Buy low sell high is the key :).

Being beginner, you must know and ready everything especially the standards and rules so that you will not get regret at the end. It is very important that you must know the basic and proper process in aspect of trading. Being responsible is a must so you can have a good profit after.