Bitcoin Forum

I'd like to ask you to point me in a somewhat right direction.

I've been learning and researching everything about crypto space and the deeper I go - the more there is to learn.
It's becoming harder to use my time efficiently and productively, to filter out quality information from spam and get-rich-fast schemes.

Do you know any sources/calculators for doing statistics on profit/loss? For planning the budget? I would really really appreciate some newbie-friendly reading materials/guides or even excel sheet with pre-made formulas haha

Highly appreciate your input! Hope to return some of the good karma back to the community when I become good at this

You can learn the basics here: https://www.investopedia.com/university/beginner/
For trading management, you can use Google spreadsheet. Or simply use these free services:
https://medium.com/@techupbusiness/free-crypto-portfolio-tracker-based-on-google-sheets-ef76070ec325

Their are so many threads already discussed about it. You can use search option for finding it. Here is one thread https://bitcointalk.org/index.php?topic=2154746.msg21556800#msg21556800 where you can see trading tips for beginners.

you can see how much profit or lost through the statistic that already available on the exchange site
you can now try to learn more from this site https://www.tradingview.com/ that contains a lot of analyzation and you can try to learn more the basic analyzation of TA and FA.
For the budget and that depends on yourself and how much you can afford to lose it dude.

You are already in a good forum just try to search here and also you could try Cryptocurrency trading simulator (https://blocksdecoded.com/cryptocurrency-trading-simulators/) they have a list of site that you could try for free,
And I also found this site coinmarketgame (https://coinmarketgame.com/) never tried it before but it might help you practice your trading skill and enhance it.

in my opinion, I conducted an analysis to determine the cost of profit calculation better based on my own thinking, because that could be one of the things that might be more precise in a calculation. because if it is based on a calculator it might not work smoothly

There are ways to learn more about trading. When I was starting, I was too eager to know the basic strategies of trading so I focused on threads here regarding trading. You could set your own strategy and calculation. You might get confused and mislead by trading calculators.

This forum site has a lot of topic regarding basic trading tips and technique all you need is to explore if you want to learned.
You can also watch some tips regarding how to use indicators and how to read candle stick in youtube but I can tell you the truth its not easy tolearn trading because you a lot of time and effort if you want to gain knowledge.

I currently use the site antiliquidation.com (click for link (http://antiliquidation.com/)) to help me make leveraged trades on Bitmex. The site essentially shows the risk to reward ratio of a trade given the stop, target and entry parameters, and it also shows you how much to put into one position if you’re trying to risk a certain percentage of your total capital. Really useful site, used it a lot as a beginner and it helped me manage risk easily and well.

for beginners to know about trading you can find it here https://tradingstrategyguides.com/best-bitcoin-trading-strategy/, but in my opinion you better find out more precisely because on this forum site there are many topics that discuss about trading

I believe that a new trader does well when they approach the learning process manually without going too much on calculators, bots and things like applications to aid trade. At least, as a beginner, we can trade better manually.

it would be better if you see several existing threads. You don't need to create a new thread to discuss trading strategies for beginners.

Some new beginners are don't know to find the all threads so he will improve the knowledge slowly. If anyone want to guidance, better active and lock the thread because many spam threads are increase in the market. if you understand the expecting information try to lock.

maybe you can watch this youtube video Trading Cryptocurrencies for Beginners (https://www.youtube.com/watch?v=RQtvpNYtLfw)
from that video, it explains how you choose the token that you will trade in the exchange and how to get profit

There are tools where you could gain knowledge about trading like youtube, articles, and topics about it. Focusing on analysis and different formulas would confuse you as a beginner.
It's better if you will focus more on the basics and fundamentals of trading first.

beginning with the trading means if you don't it know about the trading process properly so something will need to be guided from someone otherwise taking the chances is only the way to get the success if you are new then you need to face everything with your risk taking ability.

I learned how to trade crypto from www.VoodooCrypto.com

They offer guided education and training to teach you the skills you need as a trader.

I realized after trying to learn on my own that a ton of info out there is either inaccurate, not detailed enough, or downright misleading. I made the decision to invest in my education, and it was the best decision I've ever made.

I would recommend any beginning trader to read every entry in the blog of my hedge fund, starting from the oldest and going forward:

www.feroxadvisors.com/blog

Feel free to reach out to me if you need any further professional advice as well...

If you are totally a complete beginner on trading then learning the basics would be crucial or important.Finish this one https://www.babypips.com/
You would learn a lot when it comes to basics,it might generally talk about Technicals but the keypoints on their is really helpful.

If we are just starting up in Crypto trading (https://cryptolinks.com/cryptocurrency-exchange), then the most important part is to plan and keep the right level of risk/money management. It is only way that we can make profits, and do it consistently.

It is no way possible otherwise. And it is important that we understand the value of it because that way only we will be able to gain rewards and benefit. I won’t be easy doable with hard work and dedication. But of course, not everyone is capable of it.

For anyone wants to become a trader, you should think carefully before get into trading with cryptos because it is not an easy job when they can easily make you loss all money, of course it won't be easy to learn all about crypto trading, so we have to rely on practicing  days after days to have more experiences about trading, don't use too much at the begining, trade small to know how the crypto works then move to bigger target.

Trading Bitcoin may not be for everyone but investing in Bitcoin certainly is (it’s just my opinion). You start by first acquiring Bitcoin on a well-known Cryptocurrency Exchange Software (https://theninehertz.com/cryptocurrency-exchange-development/), like CEX IO or Coinbase. I used Coinbase before and it is the cheapest option if you use direct debit. Maybe a little slow but not critical. The spot rates and fees are also competitive. Once your Bitcoin is deposited in your Coinbase wallet, you will need to transfer it to a coin-to-coin trading platform like Poloniex.

From there, you can trade pairs like BTCUSD (USDT in Poloniex). You do not need a whole Bitcoin to start trading, fractions of Bitcoin will work just fine so you can start with, say, $300 equivalent in Bitcoin.

That’s your start.

Now, just like in the case of any other asset, you will have to develop a strategy. This strategy will depend on how much time you want to invest in this, your skills and goals. It has its learning curve. Bitcoin has a very tightly knit community of traders, analysts, developers and you will not be left alone trying to figure out how to approach your trades. There are plenty of resources out there for newbies.

For anyone who wants to learn trading i suggest don't rely on others strategies or plan wherein must build your own as well to assure everything will be fine . And avoid being greedy and hasty also because it can cause losses sometimes , bear in mind that doing trading isn't a easy work so put more patience on it.  Make a research always and practicing skill is the most important . And by the way keep making specific theology especially if there's a problem in the market which dont ever rely on other thoughts and speculation 'cause you know there are some frauds nowadays.

Trustworthy source of information you may get access through this forum, I can see some already mentioned above the post. The crypto market is so unpredictable, that's why you must learn how to grab the opportunity. Try not to trust anybody's price predictions. Instead of predictions you should aim to educate on how to read the markets and make good decisions!

The first challenge is to make profit and then you would be able to calculate something whether it is profit or loss. For beginners it is hard to practice for first time because the first experience may result in loss only if he has not learnt about the trading rules and its way of making money. In order to become professional in trading beginners should start learning technically first only then they will make it.

This is a very good trading forum. You can ask anything about trading here. All you have to do is post regarding what is your trading problem. There is so many traders here that would be more glad to help you. By the way wgat you're doing is right. Basically you need to learn the fundamentals of trading before anything else. It is a continuous learning for all of us. If you're looking for a trading platform, I will suggest binance.com for you. That's what most of traders here are using.

Listen dude, if you are beginner here then just listen to the old ones at first.
They are the most experienced ones who equally faced losses and profits also.
But before starting trading,  i would advise you to start with small amount, that will help you to understand the market.
Also just be confident on yourself and i am sure you gonna win the trading market.

I believe what you should always try to remember is practice does make you better. I mean there is not a single great investor in the whole world, even Warren Buffet lost money during the 2008 crisis but he managed to take advantage of it so well that he is STILL profiting from investments he made during those times including his own personal money as well. This means there will be bad days for you as well but use that to your advantage and learn how it could make you even better.

If you trade all the time and when you win know why you profit and when you loss then learn why you lost then you will get better. Of course, read and learn and discuss and do all of those to become better but without actually trading yourself you will not be the best version of yourself.

There is not preset profits here,you can make as much as you can based on your skills and number of trades even with very low capital.But if you not good at trading then don't just start it with the hope of getting super rich fact because you can make profits as well as you can be in huge loss in crypto trading.

There are lot of ways for us to learn trading here, One of this are here bitcointalk forum on which is Trading discussion,
also you can participate here too in the link forum as well https://forums.babypips.com/ where you can ask anything
regarding about you wanna know dude.

Any literature should be creaked practice. Quite the contrary. Practice must be supported by literature. I advise you to have a small deposit and trade 24/7. In no case the next year, do not start a large amount of the set. You merge it 100%. From literature - Reminiscences of a Stock Operator and Price action. Learn technical analysis and trade a small amount every day.

   I do not use any apps or sources for such kind of calculations and so on. I even was never looking for that!
I simply use paper and pencil and make all calculations my own. Oldy way.

kya the beginning in trading is little bit difficult for everyone who had their lots of interest also doing it practically will always risky here so if you are a beginner you need to be more composed in what you are doing otherwise you can easily lost your money in different ways.

Trading is another best patform to invest. I came into trading 3monts ago. As a beginner , i used to watch news, study the marke, choosing my oy mAC

You can see that the market in the past few months has had a very strong recovery, the current bitcoin price has returned to $ 8700 and is continuing to correct before rising.

 Altcoin is also recovering strongly after bitcoin rises again.

 This is a good time to join the crypto market.

Not meant in a negative way, but people like you show how important an increase in the price is. Investing for most people becomes an option only when the price has shown strong signals of a bull run.

I personally would say that trading has become more difficult with how irrational the market has become after the $5000 pump. Technical indicators have been ignored continuously and it doesn't seem to be over yet.

These are the moments where hodlers accumulate the best possible gains. The only tricky part for hodlers is to cash out on time because of how they tend to hodl on to their coins for too long.

Most of the time the community individuals particular the newbie they are always in a hurry to get profit  were in the end they don't have any idea that they are leading themselves to put their capital investment to be turn into nothing. So if where to the beginner in trading, they must study first and passion to learn everything here in crypto trading.

Find out the conditions and phenomena of the crypto market.  Then, come fast with "tradingview".  This is a source of resources, researching all necessary activities as well as essential tools of trading.  Learn experiences and share many things.  go step by step. Good luck to you!

Indeed that is what you have to do, not even everyone who wants to be able to trade and that also includes me. There is no particular source for me and I choose to surf the internet and even in this forum gives me a lot of knowledge.

Calculation of profits and loss in crypto trading is somewhat same as what we learnt in basic maths. Also, the exchange you trade at mostly give overview of percentage profit or in your trades. So just keep on exploring the websites you trade at and you'll get your hands easy on it.

It is appropriate to join the crypto market, but knowledge must be honed by having basic knowledge of trade. I think it's enough to not take more time and forget all the opportunities that exist this year, all of them are learning periods and trading habits will have their own style in reading market situations, the internet provides a lot of knowledge and goes back to everyone who wants to learn everything, of course the analysis can be made by itself.

Also you need to learn mathematics on economic level too because it is necessary to select the right coin or you can say right source full of benefits and the real timings of it will enable you to make maximum profit. Trading with economic mind has its own benefits as compared to a trader just following simple maths so better you upgrade and maximize your profitability or productivity.

You don't need to visit other sites to check how much you lost and and much profits you gained already because majority of the exchange sites offer this services within their site and its free. Just try to explore the site. For tools, use investopedia. I use 3 tools ad for me its very useful. RSI, Bollinger band and parabolic SAR.