Some topics to look for when starting trading

[AicecreaME]

Bitcoin Dominance is useful in trading, but knowing the market direction does not necessarily guarantee profits in trading. If liquidity moves from Bitcoin to altcoin, the challenge remains in knowing which altcoin will attract that liquidity after Bitcoin.
Bias is a dangerous thing in the market because it makes you see things from a different perspective, so it is essential advice.
FVG (fair value gap) is an advanced market analysis that a beginner cannot know without technical analysis.

I don't think fair value gap in an advanced market analysis or a way to determine where the price should go or go back. It's just we're too familiar on support and resistance.

Also, bitcoin dominance always determine where the market should go, if I'm not mistaken, that's why it is important to monitor as well. It's called "dominance" for a reason, and so far it never disappoint me in my trades.

Introducing new terms and ways in trading is not bad as well, because we need growth, we need something more effective and easier to understand. Mapping the chart from 1M>1W>1D and using 4H>1H timeframe for confirmation will change your life. There's nothing wrong to try other things, in my opinion.

[SamReomo]

That is why when you trade always analyze the BTC price action first because it can increase your validation and probability that the position you just placed has a high chance of winning

Very true, Bitcoin's price is the best indicator for the traders who want to open altcoin positions, but only when the altcoins that aren't getting highly pumped would be affected by the peaks or dips of Bitcoin. The pumped coins are often not affected by Bitcoin's value, but the rest of the coins will get highly affected by Bitcoin's value. If Bitcoin gets a major dip then the whole market will get impacted by that dip without any doubt.

It would be okay as a newbie trader to also follow well established traders in the game and learn or study the strategies they adopted that works best for them.

I think it would be tough for a newbie to determine that who's a good trader and who isn't a good one. That's why when they follow a trader blindly and if that trader isn't a good trader but shows himself as a good trader then the newbie won't learn anything good by following that trader.

[justdimin]

These are my main three topics, and I have a lot more but it's all minors and I bet most of you guys know about it, like support and resistance, candle stick patterns, etc.

Having these type of things that look like it is a big deal, seems so important to read and learn, when in fact they are quite simple stuff. Like something as simple as "if bitcoin goes one way, most coins will go that way too" is not really a shocking thing to learn, it is literally the most common thing.

I personally believe that we just need to make sure that we do the common sense stuff and in return we are going to be doing fine as well. I know that it doesn't always feel that way, but that is how you should approach these things, I am feeling like the best way to go would be just making sure that we are on the right path and not doing anything crazy, as long as we can arrange that, we should be able to make good profit.

[slaman29]

I think it would be tough for a newbie to determine that who's a good trader and who isn't a good one. That's why when they follow a trader blindly and if that trader isn't a good trader but shows himself as a good trader then the newbie won't learn anything good by following that trader.

That's actually very easy to determine. A trader who shares every single trade, or lets you connect to their API just to see every trade history (watch only). That's a good trader.

Tell me one guy who does this and I show you 1000 guys who don't. Why? Simply because most out there are just lying about their 'successes'.

A profitable trader. Lol that is even harder to find.

[Ndabagi01]

3. Bitcoin Dominance
- this is also very important, because as of now, wherever bitcoin goes, everything follows. So even your technical analysis on some alts are giving you chart pattern for a reversal, trust me, it won't go that way.

These are my main three topics, and I have a lot more but it's all minors and I bet most of you guys know about it, like support and resistance, candle stick patterns, etc.

Every other tips you’ve mentioned to keep a close watch on during trading are valid and more of them are there to look into before placing any trade in the market. Your technical analysis will work for you and all this tips can be used in order to get good results. But when it comes to bitcoin dominance, you’ve to respect it and follow its trend because if you don’t do that, you stand losing more money in trading. Bitcoin as the king of all cryptocurrencies is still being obeyed by all and that shows how important bitcoin is in the financial markets as well as when taking a trade in a counter direction to bitcoin.

[GreatArkansas]

3. Bitcoin Dominance
- this is also very important, because as of now, wherever bitcoin goes, everything follows. So even your technical analysis on some alts are giving you chart pattern for a reversal, trust me, it won't go that way.

For me, this is very helpful if you really trading altcoins because sometimes you need to take a look and analyze Bitcoin's dominance especially sometimes even Bitcoin is pumping altcoins are just sideways and not pumping also.
Bitcoin dominance also will help you to identify how strong Bitcoin currently especially during pumps on Bitcoin, volumes are being used in Bitcoin instead on altcoin  market.

[Negotiation]

Before entering any trade determine your net liquidity which is the total amount of cash or cash equivalents you have available for trading. Then determine the percentage of your account that you are willing to risk on a single trade. Many traders only risk 1% or 2% of their capital on each trade to ensure that a single loss is not devastating. However technical analysis is often associated with this style of position sizing because by its nature it provides somewhat objective chart-based action points.

[bettercrypto]

That is why when you trade always analyze the BTC price action first because it can increase your validation and probability that the position you just placed has a high chance of winning

Very true, Bitcoin's price is the best indicator for the traders who want to open altcoin positions, but only when the altcoins that aren't getting highly pumped would be affected by the peaks or dips of Bitcoin. The pumped coins are often not affected by Bitcoin's value, but the rest of the coins will get highly affected by Bitcoin's value. If Bitcoin gets a major dip then the whole market will get impacted by that dip without any doubt.

It would be okay as a newbie trader to also follow well established traders in the game and learn or study the strategies they adopted that works best for them.

I think it would be tough for a newbie to determine that who's a good trader and who isn't a good one. That's why when they follow a trader blindly and if that trader isn't a good trader but shows himself as a good trader then the newbie won't learn anything good by following that trader.

It will be really difficult for a newbie to trade immediately on an exchange platform, whether it is CEX or DEX, when he has no understanding of trading. That's why what we know here is actually different.

Or if we have something to copy, we must also make sure that the trader also has a deep understanding so that we can also get a profit on the thing we hope for on the day we do it.

[Natalim]

I've just get back in trading, and I'm still on the process of learning but here are the topics you should look for to help you in your trading journey.

1. FVG (fair value gap)
- this is the first thing for me, it is important since it always attract prices, either for pump or dump, you just have to figure out your bias.

2. Bias
- this is very important, for you to avoid doing a counter trend trade. You should always know if the market is bearish or bullish.

3. Bitcoin Dominance
- this is also very important, because as of now, wherever bitcoin goes, everything follows. So even your technical analysis on some alts are giving you chart pattern for a reversal, trust me, it won't go that way.

These are my main three topics, and I have a lot more but it's all minors and I bet most of you guys know about it, like support and resistance, candle stick patterns, etc.

Accepting the fact that there are a lot of things that a trader must know and learn about trading and we are right, there are no shortcuts in learning about trading as it takes time longer than we expect. Perhaps, it was just three and a lot of more and some will just happen when we are in the set. Even experts can't tell everything about trading because some people may experience different scenarios than what they experience as well.
But all of these things OP help beginners to guide themselves on what they do first and what is next.

[SamReomo]

It will be really difficult for a newbie to trade immediately on an exchange platform, whether it is CEX or DEX, when he has no understanding of trading.

It is always going to be difficult for someone to begin trading when they haven't done it before. The online trading especially crypto trading is much different than trading of goods. That's why someone should first learn trading by reading trading related books, watching trading related videos, and observing the market's ups and downs.

Once someone understands that how the trading thing works then he/she should begin trading with small amounts. I know some people suggest newbies to start trading with demo accounts but I don't prefer demo accounts as they aren't helpful to make profits as a trader. Many of the traders who mastered trading with demo accounts have lost money when they begin trading with actual money.

[doomloop]

It will be really difficult for a newbie to trade immediately on an exchange platform, whether it is CEX or DEX, when he has no understanding of trading.

It is always going to be difficult for someone to begin trading when they haven't done it before. The online trading especially crypto trading is much different than trading of goods. That's why someone should first learn trading by reading trading related books, watching trading related videos, and observing the market's ups and downs.

Once someone understands that how the trading thing works then he/she should begin trading with small amounts. I know some people suggest newbies to start trading with demo accounts but I don't prefer demo accounts as they aren't helpful to make profits as a trader. Many of the traders who mastered trading with demo accounts have lost money when they begin trading with actual money.

Even though trading of goods is still a kind of trading, I think yeah I can agree with you that crypto trading is still different. It is because they are currencies and the more they depend on price. That is why we have extensive charts and market analysis for them. Doesn't matter what type of trading we pick up, learning is always a must and the basic, before we start on the actual thing.

Demo accounts are fine for a newbie but it can be optional once you already gained enough experience. Crypto markets are very volatile. This might be the reason on why we can master the demo trade but when it comes to the real trade the results changes quickly or vice versa.

[goaldigger]

Before entering any trade determine your net liquidity which is the total amount of cash or cash equivalents you have available for trading. Then determine the percentage of your account that you are willing to risk on a single trade. Many traders only risk 1% or 2% of their capital on each trade to ensure that a single loss is not devastating. However technical analysis is often associated with this style of position sizing because by its nature it provides somewhat objective chart-based action points.

Aside from learning everything about trading, setting aside of you capital is also advisable so you wont be exposed that much.
Beginners will always be emotional, and if you have bigger capital at first you might be tempted to trade everything that's why its ok to start at a small capital first and when you are already learning and know how to timing your trade, then that is the only time for you to review if you can still afford to increase your capital or you'll stick with your current liquidity.

[Bushdark]

Before entering any trade determine your net liquidity which is the total amount of cash or cash equivalents you have available for trading. Then determine the percentage of your account that you are willing to risk on a single trade. Many traders only risk 1% or 2% of their capital on each trade to ensure that a single loss is not devastating. However technical analysis is often associated with this style of position sizing because by its nature it provides somewhat objective chart-based action points.

Aside from learning everything about trading, setting aside of you capital is also advisable so you wont be exposed that much.
Beginners will always be emotional, and if you have bigger capital at first you might be tempted to trade everything that's why its ok to start at a small capital first and when you are already learning and know how to timing your trade, then that is the only time for you to review if you can still afford to increase your capital or you'll stick with your current liquidity.

Apart from fro having the capital to trade in the market, it is also important for us to know why we are trading.
It is true that we an make lots of money in trading but also we have to be prepared and learn the necessary things that would aid us to be some a success trader not just being in the trading markey making profits and losing it at the same time. This is one of the problems many traders have been facing and they have no option than to stop trading because they can not keep a consistent profits.

[Zanab247]

Before entering any trade determine your net liquidity which is the total amount of cash or cash equivalents you have available for trading. Then determine the percentage of your account that you are willing to risk on a single trade. Many traders only risk 1% or 2% of their capital on each trade to ensure that a single loss is not devastating. However technical analysis is often associated with this style of position sizing because by its nature it provides somewhat objective chart-based action points.

And if you have invested such amount of money, and you refuse to exercise patience in your hodling in the bear season, you will going to experience loses in your trading because professional traders use to trade their coins when the price is high in the market.

Trading determine knowledge, and if you have the knowledge of trading, it will allow you to take profits from your risk because in every risk you face in trading,there is a big reward waiting to happen to change your story.

Try to consider your research before trading because it will help you not to miss it like other traders, who don't carry out research before trading which is not advisable to traders.

[macson]

For traders, their most important task is to defend their capital.

It is very easy to lose capital in trading so to defend their trading capital, a trader must learn about most common mistakes in trading and compare the list of common mistakes to their trading practice.

Detecting their most common trading mistakes and correct these bad practice will help them to defend their trading capital.

Common Trading Mistakes to Avoid

Trading is not just about profits and losses but how you manage your capital wisely without the slightest mistake, in trading.. your emotions, thoughts, time and money are sacrificed so when you fail to manage your capital well that is the beginning of your downfall as a trader, needs years of practice to be able to have good emotions and also good instincts in managing finances in trading, so do it and learn as soon as possible.

[Assface16678]

For traders, their most important task is to defend their capital.

It is very easy to lose capital in trading so to defend their trading capital, a trader must learn about most common mistakes in trading and compare the list of common mistakes to their trading practice.

Detecting their most common trading mistakes and correct these bad practice will help them to defend their trading capital.

Common Trading Mistakes to Avoid

Trading is not just about profits and losses but how you manage your capital wisely without the slightest mistake, in trading.. your emotions, thoughts, time and money are sacrificed so when you fail to manage your capital well that is the beginning of your downfall as a trader, needs years of practice to be able to have good emotions and also good instincts in managing finances in trading, so do it and learn as soon as possible.

True, other than learning or focusing on profit, a trader should always invest and also give time and effort to widen their knowledge and skills when it comes to trading. As we know, markets are very volatile, and anytime there might be a new movement, so in order to cope, a trader should always and constantly learn and hon their skills when it comes to trading. In that way, a trader will have little to no problem earning through trading. Remember, it's good that you are earning in trading, but it's more fulfilling if you have a little problem coming up with a technical analysis with ease, executing the analysis, and, of course, earning. Don't let the profit or loss go through your head; it's part of the process. If you will not learn from those losses, then it's your own problem; not being able to grow or be more skilled despite those mistakes means there's something wrong with what you are doing.