I think the
first thing you should do is study the
basics fundamental. Be able to understand the main advantages and disadvantages of major projects. Know what makes the price move up or down.
For example, recently we had the case of Decred pumping a lot because it would be listed on Binance. You must understand what makes the price move by reason and how much this can be relevant in each project. You have to understand what can make the price fall too much too and where you can get that information fast.
The second part is to understand the
psychology behind the market. This is much more important than most people think it is. Reading a few books about it will help you better shape your vision. Where do you want to go, how do you want to get there and how much do you want to risk it. I recommend the book:
The Zurich AxiomsThe third, is the
basics about stop loss, arbitrage, tools etc. This is critical if you want to operate on Bitmex
The last part is about
understanding graphs and indicators. You should read about the indicators, why they exist, what they wanna show.
Read this =
investopedia This is the basic thing you should know.
Read about RSI, moving averages, trend lines,
candlesticks, up and downwards channels, bull flags, breakouts and wedges. Those terms you should dominate.
After you understand this, you could start to trade. Trade and lose is the best teacher ever.
Bitmex is the best to trade, you could use my referral link if you do not have an account there yet.
