What are the basics of trading?

[mahmutbey]

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.

I think this forum has a lot of beneficial informations about the trading. On the other hand, in my opinion, you shouldn't make investments according to comments.

I think trying to learn about the characteristics of the coins, following the news and ICO's might good ways to improve the skills on trading.

[Tharel]

Several articles are available in the net for learning the basics of trading. I've read this one which is very informative.
https://www.investopedia.com/university/tradingsystems/

I also found a video of Trading Cryptocurrencies for Beginners
https://www.youtube.com/watch?v=RQtvpNYtLfw

[alekscrypto3969]

1.   Do your own research to learn more, such as, time to face profit and loss, marketcap judging before investing on it and opening trade with the good value. You can get these tactics by yourself or from forum members or your friends.
2.   Follow 10-20 good traders, you can learn a lot, don’t follow everything they say, but you can take their advice and go through your analytics.
3.   Find good coins before they come on the market, you need to wait them to go up, and everyone want to buy them, and then sell, repeat!
That is from me, good luck!

[DanF20]

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.

There are a few different things you need to keep in mind when selecting a cryptocurrency and the market valuation is probably an important factor. Large cap (top 5 coins), Mid cap – anything bigger than $200M and the Small cap anything smaller than $200M.

Don’t make the mistake and buy cryptocurrencies just because they are cheap and trading at 1 cent. It’s highly unlikely that a 1 cent coin will go up to $200 because the actual dollar value per coin doesn’t matter in the grand scheme. It’s the market valuation that counts.

Know for their superior trading technology, FXopen is one of the best in the business.

[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.

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.

That sound right. I intend to put 100$ on a exchange and start playing with any of the small coins, not with the really tiny ones, but something mid-rank like  Waves or NEO perhaps. But first I will see the source you mention.

[lenovo16]

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.

I think spending enough time in reading in this forum is enough to educate yourself about trading. Because there are a lot of topic here talking abiut  how to be come an expert trader or what are the tips/techniques that you do in trading. So by reading all of that you can get an Idea on how trading must be done, and how you could  make profit from it. Just read and read and read, and then later on you will be notice that you also become the one who will going to share your though for the beginner.

[grumpy619]

Trading is not so easy how some newcomers guess. In the condition when the market grows  continuously during 1-2 months and you get the 100-300% profit, it seems you are God of the Market and no need in technical and fundamentally analysis. The market panishes hardly these so called traders and by first big correction they will loose, starting to sell in panic.

[Mynameisange]

Well the basic of buy low - hold - sell high plus the fact that you need to plan that the amount will not loose all your money if the prices dont go well is usually given. I also read how they maintain their funds like 1/3 goes to trading, 1/3 goes to reserve and another one will be generated as fiat. Any recommended sites and people like successful traders that we can follow to be aware of speculations, news and market movement. Some credible source perhaps. Thanks in advance.

[Windybi]

When you step into the business area, I think the things below are necessary.
- Do you have enough passion in the field you are preparing for investment?
- Have enough capital to prepare for investment?
- Your ability to work independently, where you can do many things at the same time?
- the idea that you are prepared for investment is worthwhile to the consumer
Does your family support you?

[dakilangisajaja]

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.In easy trading you can join the facebook campaign.

[CherRic]

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.

I also started as newbie in trading before. It took me sometime to learn the basic things in trading. First, you have to learn the buying and selling principles. Buying the lower ones and sell it in higher price that could give you extra profit. Second, know the value of the coins, if they are worthy or not. Third, learn the other features in your trading platforms like how much is the fee and other necessary components in order for you to be a successful trader.

[IwanGunawan]

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.

advice from me to get propit, you have to see more market and there you can see the difference or comparison of coin price

[Wibizza]

Basic theory of trade mentioned that Trade is the result of the interaction between supply and demand. Trade: The Exchange based upon voluntary wills of each party. Each party should have the freedom to determine the profit and loss from the exchange of respective interests. The definition of international trade international trade is a trade that occurred between countries of goods and service also on the basis of mutual agreement.

[imdada]

Start with fundamentals. Study the market and the exchanges. The fees you may incur and compare which are better.
For choosing coins, for me these are all important - Market cap, Total supply, Technology and the dev team.
The lower the supply, the better.

[smartsan]

Hi,
Analysis the market based on the demand and supply and just trade based on it.

[Babayan]

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.

You must thoroughly study two types of analysis: technical and fundamental. However, in the cryptocurrency world fundamental analysis (various news) plays a key role and therefore try to study it very well before you start trading on the stock exchange. May the profit be with you! 

[lifetimebitcoins]

In a single explanation, it is not possible for us to explain in details, in this forum you can find whole material on the basis of trading. Many people will suggest one thing buy them low and sell them when it is at high.

[Severniti]

Crypto is very fast in terms of volatility. Yous should buy low and sell high the main principle here. Currently crypto is going up always on average.
But we could talk many hours on this one. Everyone should start with small amount of money and gain experience, because then they will learn small things that nobody told you in first place.
Sometimes wallets are in maintenance mode and you can't sell or move your coin while that is happening. There are other things, but everyone should learn them.

[OuterTech]

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.

If you are new to trading, the most basic thing you need to know is the basic knowledge about cryptocurrencies and the skills required to trade. Moreover, the second is to choose cryptos to invest instead of trading immediately without learning the basics of trading.

[astrid.uchiha24]

Start with the basics like getting familiar with private keys and addresses, user interface of various exchanges, and then start your research with different wallets and best exchange to trade then follow it with deep understanding of the blockchain, bitcoin, and alts and include its history especially the prices. Being updated in the news everyday is a good attitude in being a trader as well.