Bitcoin Forum

Hi all , im Esteban, Im 30 years old , and im from Colombia, im a general practitioner physician, since when i was younger i always liked all trading- bussiness  related; for 6 months I have been gathering information, studying and reading a lot about the technical analysis of the markets and I have a demo account in forex which has grown almost 100% in 3 months applying some swing trade strategies, the problem is that I feel that There is too much information out there and I want to create a study plan to deal with trading effectively, I know this requires skills and a lot of learning, what I'm looking for is that they help me describe a learning path, theme by topic, how do I think you should study trading.thanks in advance.

There is no a secret "key" to learn how to trade just like you are saying, if you really want to learn, then just go to the internet and start looking for some guides about how to sell and buy and always be on profit just by doing that.

Im not saying that im looking for "key" or holy grial for trading, i just want to create a learning path in  order to organice the most important topics on trading, technical analysis specially.

Github trading bots are there you will find best experience of trading but learning automatically and all not possible with the any bot or anything. You may find the trading tutorial site in the online.
I suggest you to check the YouTube videos which will give explaining about the trading you need to search for concern trading site according to your wish and investment you gonna do.

First things first. Take some time to understand why risk management is so important (https://www.investopedia.com/articles/trading/09/risk-management.asp), and about the different techniques used to employ it effectively. For many novice traders, this doesn't sink in until they lose half their portfolio value in one trade. Once you start developing a trading system that works for you on paper, you should employ a risk/reward strategy (https://www.investopedia.com/articles/stocks/11/calculating-risk-reward.asp) that suits your win rate. For example, if your win rate is 50%, you should only be taking trades that offer 2:1 reward-to-risk or better to grow your capital.

Some recent posts with resources on basic technical analysis and ideas for further study:



Good luck! Remember that becoming a successful trader is a journey, not an overnight endeavor. I've been trading for five years now and it's a constant learning experience. The learning curve never ends. :)

You can learn trading in pretty much the same way you can learn anything else. Theory+practice. Get theory from traders who have crypto-related Youtube channels, read discussions on this forum, immerse yourself into trading society. Make some conclusions and try to apply everything in real life. Good luck!

The secret on successful trading is: Be fulltime on it which could be impossible based on your profession.
Start with no-risk tradings like Bots or go low-risk with Altcoins (DOGE,IOTA,AEON,ETN...) and see if got what it takes.

Because there are factors to consider:

• You need to monitor the prices 24/7, the values are volatile, especially bitcoin. Believe me, one hour that you missed could be a 100$ worth of profit.
• It needs a lot of cognitive thinking. Tired from your day routine, your mind was probably a mush right before you log-in to the Trading Market.
• Some opportunities come at random times. Typos or other human errors.

the mind is more active during the Night when you're not exhausted, at least, in my experience.

Good post, good answers!
I'm very interested in this subject 'cause all I do atm is hodl.
I'm not willing to quit my job and live by trading but all the knowledge about this subject is very welcome.

did anyone try simdaq? it seems to be an artificial trading platform, that teaches trading trough gamification
https://simdaq.com/

https://bitcointalk.org/index.php?topic=2413752.0

Trading at forex is no differ from trading cryptocurrency. Its better to practice in actual than demo for you to know the meaning of panic and patience in trading.

I doubt. You don't really need to do it full time. All you need to do is to monitor your trades which you can do easily by certain app in playstore like blockfolio.
There is a risk in bots. This is incorrect. If OP is interested in this then check out "GunBot." When you read it, you'll understand the pros and cons including the risks.

Well, for sure there is no such a thing as auto learning in trading. It has to be learned one by one, step by step, and manually with a whole lot of patience. But if you have gone through the same processes and training in forex then I am sure this will be a much easier road for you. I have also tried learning forex trading and I ended up giving up especially after I was enthralled by crypto trading. In forex, the risks are very high as compared to crypto trading.

If that you means in  your topic how to learn automatically in trading investment,without experience and trying in actual happening in trading? will all i can say that there is no shortcut of this kind of business in the world of digital currency all must be in proper program.in trading investment you can learn to loss to be strong and to stand back again in times of difficulties,and also you can learn to be successfull so that someday you will be grow to become expert and matured.thats the reality of being an a trading investor.

I guess there is no auto Learning in trading I guess, maybe all the source of knowledge could be found ianywhere in social media either YouTube, searching in Google chrome and many more but I do believe that experience will give you the most valuable learning that you truly need in your life.

Absolutely its true that there's is no such auto learning that someone were likely have. There is some tips and guidelines that you should or you can use in learning trading bitcoin. There are many factors to consider in bitcoin, many things are happening anytime in bitcoin so in many cased that you encounter you will get knowledge.

Yes, I believe so that practice makes perfect. And also we have this qoutation " Experience is the best teacher". So what i mean is our experience in dealing bitcoin will definitely gives us the most effective learning that we are needed in our trade life. And there's no such thing as auto learning in trading you have yo take the guts to learn it.

It will be way different when it comes to crypto trading.
You might as well forget how you traded with forex and start a brand new trading tactics.
Risk have a higher percentage here and there is no safe mode.
You will have to create war with yourself also when it comes to fluctuations. Panic and greed will come in.
Panic of loss and greediness to want more when you are already at profit because of the fast changes in value.

Technical Analysis is really a vast subject and if you are looking for learning then as you said, yes there is really an ocean of information is there on the internet and you have to pick the subject which you wish to learn and practise it for trading. It cannot be learned in short span of time or you cannot use any kind of bot or robot for it. It's a self challenging game and you have to practise and learn from yourself. If you are practising Swing trading then follow some rules and style which you like to do something like Trend Trading Strategies, Discretionary Method of trading, Algo trading, VSA method of trading etc. All are unique and good in themselves just remember that you just need practise on one thing by digging deeper and not broader.

First of all, nobody will give you their secret sauce recipe.
Second, the information on trading is quite dispersed and I see it more as an art.
Third, read my previous posts:)

Trading is not easy, and no one can understand it easily, basically I don't find anything, I thought you have learn about trading So you can find some info and basic knowledge from google/youtube.

If you want to learn trading you need to have proper technical knowledge about it.There is loads of information regarding trading with examples and the best way is to learn is to see live trading on news and on internet.You need to follow closely to all the trading exchanges to get updates of new and old trends.Whenever you get something which is unheard,you have to find there meaning.There is no auto learning types in trading.You have to be patient and smart with you decision.Trading is skill which needs to be develop.

Hi I study investment and trading for work.
Cryptos are new frontiers and I will glad to open a new post to talk about analysis, trading strategies, swing trading strategies, buy & hold, mindset.

In the next few days I'll open a post named "Trading Strategies Experience Book", everyone can join.
Thx bye

Yes. On the wave of rising popularization of crypto currencies and it's trading YouTube is full of all kind of videos about those things that would be interesting to know and learn to every new trader.

You cannot learn trading in just a couple of time. You need to give some extra time and effort to learn the usual. After that you can earn more in your trading experience, with your loss and profit you can learn a lot.

Everything has to be learned and I don't think that there is auto learning in trading process. A procedure should be applied in order to learn and have enough knowledge about this process. Trading is known as a risky and if you don't have enough knowledge then for sure you'll be able to lose your money. You should read an article or watch videos from YouTube to be more aware about trading process. Fighting! Make sure you understand it.

Don't confuse a demo account with real trade: it's the same thing as you confuse a box sand bag with a real adversary!
The best thing is to work for a period near to a real expert: you'll see how much you still have to learn.
In trading, mistakes are VERY expensive...

You have said it already. The only thing you need is to learn how to do some technical analysis. Once you hit Google anyway and search for trading technical analysis, then you should start from there and gradually see how you can practice some of them and learn from the practice as well.

Yes, there is no holy grail to trading and it is good you already know that but once you have the TAs at hand, you should be fine.

There is nothing like auto learning. It is either you find some resources online and read them very well, study all the indicators and strategies you need to study to trade effectively and do not go the way of trying to jump start. If you are looking for something that would help you to be determining paths, then there are indicators you can use, but you have to learn how to use them as that is the only way.

we don't have a key to be able to get a fast learning . If you want to learn go to Google and find some forum related in Bitcoin or read all here in the Bitcoin forum. Especially about the cryptocurrence .

Hi, Esteban, not sure if my post able to help anyhow, but truth is that traiding kind like a war, you can really lern how to do this only been thrown on battlefield.

strongly agree with your opinion ..
Being full time is necessary for a true trader because in the world of crypto, the price problem is very sensitive movement. so full time to monitor it is indispensable ..
and I think that patience must always be applied to true traders soul.

focus in one tehcnique anaysis and specify the type of trader that matches with your character.it is better expert in one technique that give u much profit.make your own trading plan.note your win and lose in this.so you can correct your fault.

You should look some videos where most skilled people of the world in this buisness open their secrets to regular people like us.

you will btc thru searching and reading about btc...by being resourceful even you are still new you will more strategies

The majority of the comments says DIY (reading, watching videos, practice makes perfect...) but none of the comments mentioned the use of bots.
If you manage to understand how the 'stop-loss' works you can profit using them.

Your plan is very good. The market changes every day so you have to learn by yourself. that is a good way to improve your skill and you can get profit easily.

There's no other way being a good trader as long as you have an internet connection you can learned a lot in any site, we youtube, google and this forum you may learned a lot here about trading and more strategy in trading.
I am also a new in trading but i always do searching in trading section in reading in every thread just to learned in trading. If i were you kjust make you're own research about trading and better strategy.

I admire your 100% profit in 3months with forex as I dont have any luck in that market. You can apply the technical analysis you learned from forex in crypto. There might be some differences but the concept is the same.  It's like learning guitar and knowing piano in a shorttime by applying the music theories you learned from guitar.

As simple as that. The OP should ask those who tried the shortcut way and what happened to them at the end of it all.

You cannot do without learning and you have to do it manually all by yourself. There is nothing that you can set to auto to tell you when to buy, you have to use the strategies you learn to know what you can use to make good decisions on the chart and sometimes, you need all the indicators to make the right move.

To learn trading all that required is the time to analyze the market about particular assets before investing. Once that's over and when you find an asset to be showing signs of growth user needs to have a small amount to experiment himself with trading. This will make him understand about the do's and don't with trading.

Theory will definitely help you to learn some strategies you can use to make quality decisions in trading and those theories are where we have the technical analysis.

Practice afterwards will give you the chance to imbibe some abilities to be able to trade well and also learn from some of the mistakes you make in these scenarios. You have to understand how to manage risk, learn to stick with your decisions and do not get greedy.

This method is not easy to learn you should need to have time and determination, you need to learn more things, when the time comes you re already good trader you will make huge profit in the future but before that i will tell to you that you will encounter more losses while you are learning how to be a real trader and used that as a tool for learning.

From the hobby you like from all trading business, actually you already know how to read the technical analysis of the market, of course not much different between forex trading and cryptocurrency both must have a special strategy in trading and must be patient in order not to panic to see the market price movements.

Definitely. Success can't obtain over night and you should take all the stairs so you'll reach your goal. Everyone here advice to do your own research and feed yourself of enough knowledge that you can use throughout your journey in trading. Yeah it may be tough at first but surely it will be all rewarding.

I think there are many centers as well as organizations that offer courses on business very prestigious. You need to take their courses to supplement your knowledge and analytical skills, and they need to teach you business psychology lessons that are very important. You also need reputable channels to keep track of market movements.

This is a very simple thing and I think it is more similar and simple than what the forex trading is , as you I was also forex trader so I can understand very well that how much the altcoins trading .
Here the rules are simple for the altcoins trading that is to buy altcoins at low rate and sell them at high value , but here it is not like the magic , so we need to have idea that which coin's price can increase soon or may increase in future ( a type of better predictons ) and in this way you can do your work very well.
My suggestion for you to start trading are the sites like yobit.net , bitrex , poloniex , livecoin etc .

I believe learning by doing is the right answer, replace your money into real market, test your strategy and fix it when problem comes up. It's look very easy to say but hard to be done ( just like me ). Actually, you can choose any method/ strategy you like to manage your money. As long you know what to do and get income, you're on the right track. Good luck and happy trading for you.

Trading will be rewarding if you really get profit on the coin you trade, you need to study first all , you will experience losing money but the important thing is you will learned about your experience.

For starters, you can start with analyzing news about coins. A positive or negative news has great impact on the pricing of the coin.