Getting more skills in trading

[nur rochid]

I've heard, trading for living, not living for trading, so don't waste your time just to trade without producing anything,
yes it is true that success takes hard work, but if you only work hard without learning mistakes, then that's it too it's useless,
there are many ways to increase your trading skills, buy a book about trading, I'm sure you can do better.

Yes I highly agree with you mate trading without learning from mistakes is useless even let's say you're knowledgeable enough about trading, have a lot of books about trading but reading it without proper execution will lead to mistakes and for me that's fine because our mistake will be our greatest lesson learn in life. There's a lot of ways to improve our skill in trading all we have to do is to dedicate our precious time to read and learn.

theory can be used as the basis for practicing trading. therefore increasing knowledge that can be read from books is very important. so that in practice we will understand the difficulties that occur in trading. that way if we make a mistake then we can correct it in the hope that the next time we don't make the same mistake, and if this is done continuously then over time we will be good at trading by ourselves by having feelings for the market and easier analyzing it

[rojan]

~

Reading alone won't give you skills in any field. This is what contributes to trading unlike being self-taught to any other field like programming. In trading, you'll really need to risk your money and test the waters if the strategy or the knowledge you had learned went into full effect.
Some would suggest to a virtual trading or a simulated one, but in that case you wouldn't really have been affected by the losses you make unlike when you're actually the one trading.
Source: Experience.

There are some platforms out there that help you understand how the platforms work here and help with editing from here but it may not be helpful to come here but if you have already lost your own funds here then with the lost coins  Don't chat but because every currency in the market has its own trend but this trend will give you that kind of knowledge and you can get a good idea.

[perfect999]

I am currently learning trading and other aspect of crypto so I can fit in when it comes to crypto world. I really appreciate every articles/posts I've read here that had made me keep going. Actually I decided to drop these topics(Technical aspect) I've covered in my trading classes maybe it can help someone here that might be looking for something to ready on, to better their knowledge in trading.

One of the best ones that I have seen so far has been the method where people learn how to use trading bots. These days trading bots already have indicators that they use, so you need to learn about trading and what to use and what to care, and then you learn about parameters to put them, like let's say you want to use Bollinger band, but at what level you want to buy and at what level you want to sell.

You arrange the trading bot that way, and it will trade accordingly based on what you have given it. You do this with like ALL the projects you want on multiple exchanges, meaning you will be able to trade 100+ pairs all at once. Not always working, but it is certainly not a bad idea neither.

[Flexystar]

You should be updating this thread most often so that fellow members can understand what are your actually learning’s. I read OP but there seems big pause in the next update. If you taking the classes for trading then you could just come here and Update the thread with everyday learning’s. Adding example is always best thing to do. For example, few trades of your own which you done in demo mode and had success by using the technical analysis that you learnt in the class. There are many threads though which been made for TA and FA studies. Hope you will do the same.

[barbara44]

Reading alone won't give you skills in any field. This is what contributes to trading unlike being self-taught to any other field like programming. In trading, you'll really need to risk your money and test the waters if the strategy or the knowledge you had learned went into full effect.
Some would suggest to a virtual trading or a simulated one, but in that case you wouldn't really have been affected by the losses you make unlike when you're actually the one trading.
Source: Experience.

There are some platforms out there that help you understand how the platforms work here and help with editing from here but it may not be helpful to come here but if you have already lost your own funds here then with the lost coins  Don't chat but because every currency in the market has its own trend but this trend will give you that kind of knowledge and you can get a good idea.

There is a good level between reading and doing. If you start trading without ever reading you will become a bad trader for a long time before you could get any good, if you keep on reading for years and then start trading you will not start being amazing on the first trade neither. That means that you need to both read and trade based on how quickly you can learn things.

The period you should be reading and learning without ever trading depends on what kind of person you are, if you are a great financial mind you will learn quickly, if you are not it will take some time, I still read for example . But in the end, you need to start trading only after you read enough.

[Captain Corporate]

If people could find a way to actually make a profit based on what they read, they would have read every day for 16 hours and trade for just 1 hour and make a profit. If people could train to be a great trader by simply trading a lot they would have traded 16 hours a day with tiny amounts and then trade for real for one hour. You are right that you need to do it with the right balance. I still read even the simplest things, and I mean seriously simple, like there is absolutely nothing I could learn from that article but I still do read it, with the hopes that maybe one sentence would be helpful. But I do keep on trading while at it, and when I make a loss, I check why and I check my readings to see what kind of solutions I could find for it. Thats how you could become a better and better trader.

[sensimilia]

I think what is needed to increase skills in trading is the will and never give up. Adding skills in trading cannot be done in one day, it takes a process to do it. therefore I say that you have to really work hard for it. adding skills in trading can be in the form of theory or experience where both must also be balanced. after we study trading theory and can understand it well than we can start to practice because it is very important where we have to deal directly with the crypto market. Therefore, the more practice, the more lessons that can be learned in the future so that you can be even better at trading.

Practicing from here, if I look here with my own thoughts, if I call a businessman here, I can see that he can be a professional trader, but it is impossible to be a professional trader without a lot of continuity here.  There is always a lot of time to be rude and when trading from here

[Wexnident]

If people could find a way to actually make a profit based on what they read, they would have read every day for 16 hours and trade for just 1 hour and make a profit. If people could train to be a great trader by simply trading a lot they would have traded 16 hours a day with tiny amounts and then trade for real for one hour. You are right that you need to do it with the right balance. I still read even the simplest things, and I mean seriously simple, like there is absolutely nothing I could learn from that article but I still do read it, with the hopes that maybe one sentence would be helpful. But I do keep on trading while at it, and when I make a loss, I check why and I check my readings to see what kind of solutions I could find for it. Thats how you could become a better and better trader.

Well at the very least, it's a good start. Most people start learning from trying to find a problem, then trying to solve that, and tbf, reading a completely foreign topic just outright speaks the word "problems" out of every word in it. I myself have experienced it whenever I try to learn new concepts or ideas when creating programs. I like to breakdown problems from the small ones then build it up to the big problems by using the small answers I got, which is really effective imo in trying to learn slowly but surely.

[LUCKMCFLY]

Well it is said that experience is the best teacher, sharing these skill in this forum is going to help alot of people, because most people who are into crypto currency don't even know how it runs, they are into it because they heard alot have made alot of cash in crypto and they also want to make some cash too.

Of course skilling, learning and experienced very helpful in cryptocurrencies trading. But some people are involving themselves with trading without skilling and development. So they lose huge amounts of money in trading without learning more skills and knowledge about cryptocurrencies trading.

Well, to tell the truth, experience is a unique factor for trading, we have to take into account that continuous learning through books is also one of the best teachers for trading, and when people learn from books, they have a lot of arguments. stronger than when they are operating a little with the help of social networks, I mean Youtube, documentaries, news, magazines, because they mostly do short-term analysis and short-term is good, but it is better to understand the market in the long term.

[sensimilia]

The truth is that one can't get all the skills that are required in trading but learning more about trading is always important in trading . What I understand about trading is that the more consistent one is into to trading the more experience to know more things about trading, getting more skill is with time , it can't be achieved in a particular time.

Learn everything along the way and dont make yourself rush on making profits or minding out that much because it would really be just causing some desperation whenever you do make out some trades.
The only way you do get learning or skills is via through experience and this would surely takes time and dont rush up because this isnt how these thing works. Get skills and learn from those mistakes
because it would be inevitable for you to encounter those things ahead. It is part of the learning process.

If some of the demos are not done here then you can see that it is very risky to try to come here to test the kind of economy that is there, but if new traders lose money then there is a lot of reason here without it All that can be noticed here is the application of the stick like a candle and many more can be stopped and a lot of work can be started here and if the sources are careful about this then from here many things can be seen here.

[Lexurdania]

theory can be used as the basis for practicing trading. therefore increasing knowledge that can be read from books is very important. so that in practice we will understand the difficulties that occur in trading. that way if we make a mistake then we can correct it in the hope that the next time we don't make the same mistake, and if this is done continuously then over time we will be good at trading by ourselves by having feelings for the market and easier analyzing it

theory give us basic information about trading technique,and its still be raw information till we practise it on real trading. comparing really and theory give us good describtion on how we will improve our mistakes that happen. we should not be text book traders but need our own improvement in any aspect.