What are the basics of trading?

[sister1001]

If you were new to trading, charts, markets, etc.. Where would you start learning the common background and basics to be able to at least know what you do, not yet to know how to make profits.

[Hamphser]

If you were new to trading, charts, markets, etc.. Where would you start learning the common background and basics to be able to at least know what you do, not yet to know how to make profits.

Better start on babypips.com since this site is the most helpful informations when you are completely or zero knowledge with trading. Terms and definitions would be also available into that site which sooner or later it would be applied into your trading career but to be more effective after reading it up better to go gain some experience of it by putting up small amounts and wont risking too much.If you do seek out some trading informations like experiences and possible guides and techniques then you can find it here on this forum.

[kendra1107]

If you were new to trading, charts, markets, etc.. Where would you start learning the common background and basics to be able to at least know what you do, not yet to know how to make profits.

Basically, before jumping into trading you should first do your research about the system. Our friend above gave you a reference, so you should check it out. And when you have decided to start trading, get a feel of it first. Invest only what you can afford to lose as many would say. This is like a cardinal rule in trading. It would be wise to follow it for you to lessen the margin of risk. Lots of luck to you if you would pursue a trading career.

[HotHot143]

Of course first you have to what you are entering like what is bitcoin,block, well you can learn from here at babypips.com that's where I started first before go to trading.

[JanEmilDK]

Crypto Twitter.com is big.
I follow 30-40 good traders. They give a lot of tips. Don't trade what the say but try to find out why they say it.
Most trading in Crypto is about tricking people in to buy stuff expensive you have bought cheap ;-)
Try to find good coins before they come on coinmarketcap. Wait to the Market Makers tell other people to buy. Then sell. Repeat.

[Mister1k]

If you were new to trading, charts, markets, etc.. Where would you start learning the common background and basics to be able to at least know what you do, not yet to know how to make profits.

Basically, before jumping into trading you should first do your research about the system. Our friend above gave you a reference, so you should check it out. And when you have decided to start trading, get a feel of it first. Invest only what you can afford to lose as many would say. This is like a cardinal rule in trading. It would be wise to follow it for you to lessen the margin of risk. Lots of luck to you if you would pursue a trading career.

You can get the many tactics from the friends and forum members but you need to do the own research to learn all the aspects such as time to face profit and loss, coins to invest, marketcap judging before investing on it and opening trade with the good value.
There are some videos in youtube may help you better in learning, how to handle the trade positively by making profit most of the time. Please check that below.
https://www.youtube.com/watch?v=t-DPovufIbM

[bastian466]

trading basically is trading and buying the same as trading life in the market you must be observant to see the market when it goes down and up must monitor it. to get to your purchases at cheap price and waiting for new ride you sell it directly jump in spaciousness use capital a little bit first and feel the movement of graph market

[Fredyink]

In crypto is easy, because it goes always up with here and there hick up.
You just need to hold.

[Marvell1]

My first knowledge I got at Youtube. I watched a free course of lectures on trading and got a basics. I recommend you to begin with a basic training. Without a proper study it is very difficult to trade with a constant long term profit.

[kash_1075]

@ JanEmilDK post above,

Thanks Jan for the tip of following crypto on twitter. Can you please suggest some reputable twitter accounts to follow. Cheers

[chanpinchen]

Understand the unit of crypto you want to trade, decide how much money you are willing part without feeling the pain, then wait for market dip to get in, take profit when your target reach without regret.

[duongit]

It's very difficult.i've lost much money from trade

[blocklancer8]

I was told by my sister who has been successful in trading and i still continue to learn to get a good profit. The key to success is to buy a coin at a low price and sel a coin at a high price. Put a price if you think it will rise and be patient in waiting for the result you want.

[rovi84]

Basically, the trading is we have to know the market that we will enter. And we should often ask who is more experienced of trading problems. But if you are going to start, it would be nice if you have to be as wise as possible to process your funds.

[mrpl2017]

There are a lot of training videos on YouTube, they can help you make the first steps in crypto trading.

[slavsole2017]

There are a lot of training videos on YouTube, they can help you make the first steps in crypto trading.

In my opinion, only news is important, they affect the growth and fall in the price of crypto coins.

[bytezulu]

I think the biggest thing to remember is to use stop losses. It's such a big when you're first starting out because you might not have a full understanding of how the crypto market works. Moreover, you have to know when to cut your losses and stop losses take the emotion out of it. Most exchanges have it and you can look it up to figure out how to make one for a trade.

[blue_nexus15]

Understand the unit of crypto you want to trade, decide how much money you are willing part without feeling the pain, then wait for market dip to get in, take profit when your target reach without regret.

To me the most important thing in the trade is to preserve the capital. When you keep your capital, you have the opportunity to invest and make a profit from it. Do not risk too much with your assets. It can lose everything in this market because it is very volatile. I usually place a stop loss order when buying coin to avoid the market fluctuations too large that I did not react. That's how I preserve my capital.

[littleDarper]

Some good answers and resources here. The absolute basic of trading however is psychology. You must master your own emotions before venturing into this field. You need to sell during the moons, and buy during the dips, even though your instincts will be telling you to do the exact opposite.

Don't play a movie in your head of how a moon is going to keep going up until you're a millionaire. Keep everything realistic. Mastering yourself and your own mind is the hardest part of the "basics".

[piter_wip12592]

market like the battlefield. That's what I think of when I enter the business. And I think the things below are the basics when you do business.
- learn about the market
- Learn about the competitors you will compete for.
- looking for cash reserves when trouble occurs.
- and most importantly, you must have a passion for the market you are investing in.