Bitcoin Forum

Lot of people trades only with the emotions, some of them also joins some signal indication groups and just follow them , that's why they can not make profit in trading. Please suggest some resource where a newbie can learn about the basic of trading.

All of the beginners in trading starts on reading after that applying of what they have read. So basically you need to read and do some sort of research there are a lot of guides and tips here and the forum just lurk around and I'm sure you will find a lot and also you have to be sure that you understand what you have read and dont apply it into trading. Just watch first or you can try some demos of some platform that offers a demo account by that you can implement what you have learned.

Imho better to start from basics. Read about technical analysis and Eliot waves. Other things you can decide while you will be getting experience and you will be able to understand need you this or not.

Trading is little difficult to predict the profit so I can't suggest to beginners. But interested beginners are take risk in trading then only they will understand the trading platform otherwise it is hard survive in beginners. The only suggestion of trading is we should invest in right time. But current situation is not a right time in trading.

Read this[1]. if you're new to trading, better learn/trade in a test environment (use simulation or demo trading), don't risk your money just yet. you can find most of the things by googling or try youtube it also has lot of learning videos. trading is not easy!

[1] https://medium.com/@kaleazy/10-step-guide-for-day-trading-bitcoin-ethereum-and-litecoin-79123673957c

Check www.babypips.com.

Trading is impossible to learn from books. Experience is required. You can get trading experience on a demo account of forex brokers. Then gradually move on to trading a small deposit. In no case can not be considered trading the main job. Because trade in assets is a game, can not be the main activity. Otherwise, you will fail.

Trading is not everyones job and if you are newbie then you must learn some basic rules for trading otherwise you can't survive in long run. This forum is of great help for the new interested traders and source for learning techniques to avoid losses.Do some research online which will help you to make market analysis.But remember risk is key element in trading.

In trading you need to learn how to use the tools in technical analysis, like those candle sticks, RSI's, and bollinger bands. I bookmarked Investopedia as it is a good source of information on how to use those tools. there are good videos in Youtube that gives good explanation on how to use those tools but, nothing beats experience in trading Cryptos. No one is successful in trading overnight, you will face walls and encounter bumps that will slow you down and lose money but it will also give a first hand experience (costly) on what not to do next time.  

Newbies 1st refer some books or articles to know about basic trading, but to become an expert in trading real time experience is a must. In books and videos, people share there real time experiences and strategies but don't think it will work for everyone, it's just for reference when you try with your own money that time you will learn real trading.

I think you can learn trading only by practice.To get some profit they have to take some risk.They may loss the money in the first trading,they have to consider it as a experience.If they quite at the moment,they won't achieve anything in trading.

Practice I mean experience is the most vital fact in trading, but it is not all in all for trading. Newbies should learn a lot before trading from different books, e-learning and tutorials. After developing basic knowledge, they can start demo trading through forex demo account. Finally, when both knowledge and experience are gathered, they can go for small trade initially.

Youtube is a great resource since we can visually learn the basics which is a lot faster than reading. Although reading about the fundamentals is still very helpful.

For beginners i suggest to read some articles or blogs about doing trading or watch some video on YouTube to gain more knowledge and strategy with it 'cause doing trading is very risky for those who don't have enough information about it.

There are n number of trading related videos in the Youtube you may check that and work on it accordingly. You use the bump and signal telegram channels available. That will be helpful to understand which coin is the best one for the investor at that time exactly.

Please do not invest on the cryptos which does not have the potential. Especially do not invest on the cheap coins like XRP. Which needs to boycott by all the real crypto investors. They are actually against us.

Best thing to do is gathered knowledge from different resources, I suggest to keep yourself updated inside this forum, a lots of things already been shared here, if you can take some time to sort those informative  replies and threads then you don't need to go elsewhere, trading is a big venue
to earned money, you can be successful if you know where to find information, you need to spend some time to understand each movements and
how things work completely.

Take look at school of pipsology on https://www.babypips.com/
This thing is mostly about forex trading but all the stuff about technical analysis is absolutely the same on all market. On this websie lessons are structurised and explained in understandable language. You may skip some parts like intro and start from TA part if you are in a hurry but such knowledge will be usefull anyway. This is the basics that will help you to start on day trading.
The knowledge about Sentiment analysis is mostly comes with experience so you can just learn TA part while monitoring the markets and reading some crypto news.

First and most importantly, learn what buying and selling pressure is:

Buying Pressure
When the majority of traders are attempting to buy a certain coin (there are more outstanding buy orders than there are sell orders), the buying pressure increases. In a nutshell, the higher the buy pressure, the greater the demand. You're more likely to see the price of coins increase when the buying pressure is high.

Sell Pressure
When the majority of traders are attempting to sell a certain coin (there are more outstanding sell orders than there are buy orders), the selling pressure increases. When the selling pressure is high, the prices will drop, allowing you to buy more coins at lower rates.

Understanding when to buy and sell according to this pressure is a key and crucial element to profits you can earn from trading.

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The following site polls live data from multiple exchanges and provides you with the metrics you need to arm yourself with to make more educated decisions when it comes to trading. Take a look, and feel free to ask if you need additional help understanding buying/selling pressure: VCDepth.io (https://vcdepth.io)

https://i.imgur.com/CPectX4.png (https://vdepth.io)

trading cryptocurrency is not that easy compared to other assets,and many people did not know the different between trading and investing.
as a beginner or newbie people need to learn how to do it safely by reading the market,indicator and else.
so this is the right place to learn that;
https://www.investopedia.com/
everything is described in detail about what is trading and what is investing,many more.
just learn it from the scratch and learn how to control our emotion.

If a way to trade I often use the method from YouTube Indeed in it requires patience and also able to withstand emotions if someone wants to continue to gain profits.With price movement altcoin very vulnerable to occur tidal traders should actually be able to maximize the opportunity of both small and large.

There are many basic trading principles. You can learn them from classic market trading articles. Basic principles apply to crypto trading.

The most easiest and most accessible resource you can gather information for trading is through either this forum or you can just actually google the things you want to learn. I was being resourceful myself before and did my own research and that’s what brought me to this forum too and pretty much learn everything on this forum and the rest are through my experiences.

I suggest you to read articles in investopedia because you can have a understanding when you trade because knowledge is extremely needed when trading.

Interested newbies have to make a demo account on forex etc.. They should have to practice over-there, trading isn't that easy you have to jump in the trading with small deposit to learn trading because risks and practice are the real factors of successful traders.

I wouldn't suggest a site with recommendations; it is better just to study news on a daily basis and to work with a small deposit (approximately $50-100) for a while.  And over time start using technical analysis, but the simplest indicators only.

I would recommend you watch youtube videos. There are a lot of videos about trading. Specially, watch candlestick tutorials and technical analysis tutorials. They are very important in trading.

As a beginner it's always important not to rely on one source of learning, you have to take sometime to study and check out  multiple  sources to learn. Websites, Blogs, youtube videos, Facebook groups, telegram groups, anything you can get your hands on.  Constantly engage in them and learn many things as possible.

 What most people not willing to do is the sacrifice, they do not want to go through the trouble, It may take minimum 6 months to get in touch with most of the things , while learning from multiple sources, it's very important to Demo trade.

and another most important thing is following successful traders , their tips and tricks can be much more valueble. so finding few of them (not one always good to have few sources).

Then with time you will begin to understand fake and real, who's really killing and who's pretending to do so, and when you get to that point, you are mostly ready for the job. Then you can start small and keep growing.

I suggest learning basic stock market trading fundamentals like Elliott waves analyses because the cryptocurrency charts seem to generally follow the same rules. I think this is due to the fact of that the cryptocurrency market is based on supply and demand just like the stock market is. If you can learn how to apply those types of analytics, I think that will help in trading.

Read some guides and get any useful information that you could get,
But the best way on learning is by experiencing you could start with just a small amount just to begin in it.

Guides in the sense you mean Youtube videos and articles right. I believe beginners can make them better with the videos itself. When I was started to learn crypto currency and even trading I have use the youtube as the resource.
First I have started with the Localbitcoins since that to now it is really easy to understand with the youtube videos mate.

If you want to make your better on blockchain and bitcoin. You have go with the book called mastering in bitcoins.