What do I have to learn in trading?

[Nikkolodeon]

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

[coinscircle]

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

I think that in order to be able to trade well you need to ask a lot if you do not want to fail and lose money. You need to follow experienced people who will teach you how to analyze and analyze techniques. They also show you the technical terms and show you their experiences, plus you can learn the psychology lessons of the trade so that you can calmly handle the situation.
Good luck

[raoul78]

I did a lot of reading on the technology so you can understand how blockchain works before you invest in it. You don't have to completely understand the blockchain technology but a general idea on how it works is good to know.

Before you invest check out the coin you are interested in to see what it is used for.

Follow people on twitter know for their good analysis.

Read and search on this forum.

Look at some tutorials on youtube on understanding and reading charts.

[taiwww]

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

Go through many threads that have already been answered for this type of question.

Just to get you started :

You must read, read and read a lot about the coins background. Do not invest into coin of which you know nothing about. This could be troubling in the future exit of your Trade.

Speaking of which you should only go with the old coins which are already listed on the exchanger and as newbie do not even try to enter your self into ICO coins as they are new and may not benefit you the way you expecting the profits.

Mistakes may be happen no matter what you do, it's better to learn from them and move on. Do not get engaged with any trade in emotional ways, it will help you minimise the mistakes.

[Nylelyn]

For a beginner,  it will be helpful to remember the following:
1. Do research and read about trading information and tips.
2. Observe and know more about different coins and price range to identify reliable coins to trade.
3. Mistakes are part and  learning experience,  however just make sure not to repeat the same mistakes to avoid losses.
Good luck!

[SrEasts]

I'm not sure if by trading you mean day trading... if yes, then first you need to learn about technical analysis. Technical analysis is a trading tool employed to evaluate and attempt to forecast the future movement of the market  by analyzing statistics gathered from trading activity, such as price movement and volume. You can use several indicators like RSI, MACD, MA etc to help you with this. I recommend that you watch videos on youtube and read about it, that's the only way that you have to make some profit trading, otherwise you're gonna end up losing all your money. goodluck!

[avp2306]

To many basic steps has been recommended here but sometimes it will not work since it's all matters to the people who are doing there own trades, And the one factor you surely need to bare is your emotions since this aspect of us is sometimes a big traitor on our cause and we can easily get affected on some serious matters on our trades if we don't have long understandings on altcoin situations.

[Wipangga]

For beginners who want to know a good thread to get bitcoin, There are many ways in this forum have a lot of knowledge. And a good way to do good trading has a lot of explanations, so you should know a little bit about what your goals are. Once you know, you can invest for the easiest first just like trading on alt, it's great for beginners to get results.

[Beerwizzard]

The only thing that  people on this forum always forget (usualy everyone say like "just fund your account and everything will come with experience") is that you need to know something about the charts and indicators. Knowledge about the basis of the technical analysis will be enough. Those kind of things is the same in all markets and there is a lot of forex lessons in the internet that can help with this. And then you can analyze coins and start trading.

[Indrawan77]

Learn the basic of technical analysis and the search for the information of the coin that you want to buy, the more detail you search the better, and if you are just newbie just buy the top 10 coins in marketcap, and I suggest you to follow some trading signal, sometimes their prediction can be your extra information to help you to decide

[wuvdoll]

I suggest you to follow some trading signal, sometimes their prediction can be your extra information to help you to decide

I do not agree for following others' signal. Because it may lead to disasters as no one could be perfect and if some delay happens for signals to arrive then the possibility of making profits also will be decreasing. Having own analysis to generate signals must be the right way. Learning technical analysis and then generating signals is not too hard task for anyone.

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

If you dig this forum and this section, there could be thousands of similar topic and people have already suggested many effective ways on how to learn trading and how to excel in trading. Please try to find them and make use of them instead of waiting for someone to suggest here. (also better lock this topic, if you find your results).

[meyklove]

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

Do your own research is the best way to learn about trading. Don't be afraid of losing because there you will learn and be wise. Even top traders loses but never give up on what they believe in. Just control your emotions and the rest will follow.

[vijendra singh]

Very excellent point you have chosen for discussion.  It is better to know possibilities of mistakes at earlier stage so that we can avoid making those mistakes.  I also  had these points in my mind when I started trading.

Few points are there which we should keep in mind while trading.
1. Control the emotions.
2. Avoid over buying
3. Don't be panic when rates go down.
4. Wait for good time to come
5. Don't take more risk than your capacity

[whirlcoin]

I want to tell you something simply,BUY LOW AND SELL HIGH this is you have to know if you want to trade.Try to buy the coins when the prices are falling and sell them at the bumps.But most of the traders are doing it oppsitely buying whrn the orice increasing and sell then in panic when the price crashing.

[MiiDoViic]

I want to tell you something simply,BUY LOW AND SELL HIGH this is you have to know if you want to trade.Try to buy the coins when the prices are falling and sell them at the bumps.But most of the traders are doing it oppsitely buying whrn the orice increasing and sell then in panic when the price crashing.

That's the most important thing in trading . Many new traders fall for the hype and think although the coin is at the top right now it's going to increase more . Well surprise it's either going to start correcting from there or will on increase a little bit more then dip . Also learn to control your emotions and don't just jump on the bandwagon ,because others are saying so. If it's not low never put your money in . When it dips and you are at loss don't sell immediatly try to wait and see where the price is gonna settle and if there are any support base that could make the price bounce back.

[Wonder_woman]

I'm a complete newbie but I am eager to learn how to trade and make some good profits can anyone help me so that I won't make many mistakes in trading? Any Tips?

It is the right thing that you do ask here before you go to trading. What you must do is to look for a coin which is the best for trading, you must consider these things, the volume of the coin, total supplies and circulating supplies of the coin, and look for the chart of changes in price. You must be wise when it comes to trading. You must learn about the coin you want to trade, join on their telegram or slack for you to ask them what is their plans for the coin or token.

[richminded]

You have to know everything about trading and you must understand how trading works. Start with the simple thing which are:
1. Read blogs, watch trading tutorials or go attend trading workshop and seminars.
2. Prepare yourself (Physically, Mentally, Emotionally and of course Financially)
3. Trade first with a small amount of capital.
4. Learn from all your experience and repeat the process.
5. Don’t forget to enjoy.

This is a simple thing than can guide you on your trading journey, long way to go just keep on learning.
Better to make mistake for you to learn, because loss in trading is very normal you have to be strong.

[omonuyak]

you should first try to develop your skills through demo trading and if you are able to actually show profits in demo then you should put a very little amount of coins that you can actually be able to lose and then from there you are good to go.
Another thing that you will need to do is to be able to control your emotions during a bad position and this always make many newbies to sell there coins at a losses.

[erik m.]

I find this website very useful www.stockcharts.com/education/
But since you're making this question in this forum, you might need much more than that. An expert might be of great help.

[Jackblack90909]

You have to learn how to study carefully the market, the chart, and how to choose the most promising coins and tokens to trade. Learning this skills will help you to avoid the worst mistakes, and will minimize the risk of losing. This forum can help you to get such knowledge especially the community is very active here.