Bitcoin Forum
July 24, 2019, 09:34:52 AM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Start Trading  (Read 158 times)
harizen
Legendary
*
Offline Offline

Activity: 1596
Merit: 1136


View Profile
March 09, 2018, 06:53:17 PM
 #21


To start trading, you must first learn this things that are commonly used in trading
1. Candle stick reading-Learn how to read the Candle sticks chart because it is the chart that is used in movements of stocks in crypto.
2. The Support and resistance
3. Chart formations, Patterns and structure- this will help you whether to buy or sell, but keep in mind that rhis is not 100% accurate.
4. The technical indicators in the chart.



I hope that this will be helpful!

Honestly a newbie doesn't need to learn that mandatory on the first phase. There are lots of traders who started without knowledge about trading chart terms. And even I didn't engaged to that charting lessons. The most important thing in crypto trading is understand the risks and how price behaves in crypto. Literally it was different on stock market where chartings are way more helpful. Chart readings in crpyto are proned to wreckage because of the heavy price fluctuations that happened in crypto market. So basically, even how well detailed and professional charting is, it will spoiled once a panic happened.

That chart readings will automatically learned on the way as soon as they progress. So for a newbie in crpyto trading;

= Learn and understand the risks what they are going into once they put money on crypto trading.
= Gathering informations about the specific coin to be traded.
= Analyzing what is the best thing to do if a) b) c) etc. and testing it on actual trade whatever the result is.

You know in my local group, there are successful trader who even doesn't know how to chart readings. Meaning that is not mandatory as experienced will teach us to deal with the price volatility of bitcoin and other coins.

1563960892
Hero Member
*
Offline Offline

Posts: 1563960892

View Profile Personal Message (Offline)

Ignore
1563960892
Reply with quote  #2

1563960892
Report to moderator
1563960892
Hero Member
*
Offline Offline

Posts: 1563960892

View Profile Personal Message (Offline)

Ignore
1563960892
Reply with quote  #2

1563960892
Report to moderator
1563960892
Hero Member
*
Offline Offline

Posts: 1563960892

View Profile Personal Message (Offline)

Ignore
1563960892
Reply with quote  #2

1563960892
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1563960892
Hero Member
*
Offline Offline

Posts: 1563960892

View Profile Personal Message (Offline)

Ignore
1563960892
Reply with quote  #2

1563960892
Report to moderator
strongwarrior238
Member
**
Offline Offline

Activity: 294
Merit: 10


View Profile
March 09, 2018, 10:56:30 PM
 #22

Hey guys! I'm making this thread to help those guys who wants to start trading but don't know where to start. And if the higher ranks members of this forum want to share their ideas that will contribute to the knowledge of newbies please feel free to write a reply to this thread.

To start trading, you must first learn this things that are commonly used in trading
1. Candle stick reading-Learn how to read the Candle sticks chart because it is the chart that is used in movements of stocks in crypto.
2. The Support and resistance
3. Chart formations, Patterns and structure- this will help you whether to buy or sell, but keep in mind that rhis is not 100% accurate.
4. The technical indicators in the chart.

You can do your own research, Google, investopedia and youtube are the most helpful sources that can help you improve your knowledge in trading.

Read news, updates and background of the coins you want to trade with.

 BUY LOW SELL HIGH and stay away from pishing sites!

I hope that this will be helpful!
You can see that both bitcoin and altcoin prices have fallen sharply in recent days and there is no sign of recovery and will continue to fall sharply and there are no signs of recovery. Therefore, it is extremely difficult for us to trade commercially at this time. I think you should not trade at this point.
stein888
Jr. Member
*
Offline Offline

Activity: 65
Merit: 2

"OPEN GAMING PLATFORM"


View Profile
March 15, 2018, 04:38:17 PM
 #23


To start trading, you must first learn this things that are commonly used in trading
1. Candle stick reading-Learn how to read the Candle sticks chart because it is the chart that is used in movements of stocks in crypto.
2. The Support and resistance
3. Chart formations, Patterns and structure- this will help you whether to buy or sell, but keep in mind that rhis is not 100% accurate.
4. The technical indicators in the chart.



I hope that this will be helpful!

Honestly a newbie doesn't need to learn that mandatory on the first phase. There are lots of traders who started without knowledge about trading chart terms. And even I didn't engaged to that charting lessons. The most important thing in crypto trading is understand the risks and how price behaves in crypto. Literally it was different on stock market where chartings are way more helpful. Chart readings in crpyto are proned to wreckage because of the heavy price fluctuations that happened in crypto market. So basically, even how well detailed and professional charting is, it will spoiled once a panic happened.

That chart readings will automatically learned on the way as soon as they progress. So for a newbie in crpyto trading;

= Learn and understand the risks what they are going into once they put money on crypto trading.
= Gathering informations about the specific coin to be traded.
= Analyzing what is the best thing to do if a) b) c) etc. and testing it on actual trade whatever the result is.

You know in my local group, there are successful trader who even doesn't know how to chart readings. Meaning that is not mandatory as experienced will teach us to deal with the price volatility of bitcoin and other coins.

Well, I think it is your opinion, but I must say it is better to have knowledge than none right? It is up to a trader if he or she wants to learn. I mean sharing knowledge to those who needs it and if one doesn't need it he can just simply ignore it. It is completely upto him if he will grab the knowledge or simply walk away with it. Let us say that there is a conplete newbie who wants to enter this industry but, he doesn't have ANY knowledge about this? He couldn't even start because he doesn't even know how to start, so what he qill do is to gain some knowledge first even just the very basic, like  how to put your money in a wallet. Without knowledge and research you couldn't put your investment to some wallet. It is fine to ignore this if you already know what kind of place you are going in and indeed I agree with you that they must know all the risk. Smiley

YUMERIUM    ❰❰❰  http://www.yumerium.com/  ❱❱❱
An Incentivized, Blockchain based Open Gaming Platform
gesdan
Full Member
***
Offline Offline

Activity: 574
Merit: 100


CAT.EX Exchange


View Profile
March 15, 2018, 04:53:58 PM
 #24

i agree with you to be the real trader you need pass 4 step of learning and  i will make it 5, number 5 is you ready to get some loss at the first time, its mean that it is an ordinary culture that the trader will get some loss at the first trading, after that they start to learn and learn how to get profit from trading, so if you get loss at the first trading dont give up, you need to try harder and harder

DBronze98
Full Member
***
Offline Offline

Activity: 308
Merit: 100

★YoBit.Net★ 1400+ Coins Exchange


View Profile
March 15, 2018, 05:20:13 PM
 #25

All the techniques of reading charts and plotting to predict the direction of market movement are not necessary. You just have to be experienced, and luckily everything can happen. Because whales are the ones controlling the market and drawing charts, they can not guess what they want to do next.

Am I spamming? Report me!
mrbear11
Newbie
*
Offline Offline

Activity: 97
Merit: 0


View Profile
March 15, 2018, 05:35:08 PM
 #26

Hey guys! I'm making this thread to help those guys who wants to start trading but don't know where to start. And if the higher ranks members of this forum want to share their ideas that will contribute to the knowledge of newbies please feel free to write a reply to this thread.

To start trading, you must first learn this things that are commonly used in trading
1. Candle stick reading-Learn how to read the Candle sticks chart because it is the chart that is used in movements of stocks in crypto.
2. The Support and resistance
3. Chart formations, Patterns and structure- this will help you whether to buy or sell, but keep in mind that rhis is not 100% accurate.
4. The technical indicators in the chart.

You can do your own research, Google, investopedia and youtube are the most helpful sources that can help you improve your knowledge in trading.

Read news, updates and background of the coins you want to trade with.

 BUY LOW SELL HIGH and stay away from pishing sites!

I hope that this will be helpful!
good idea, but the markets have full the blood & tears
tbterryboy
Sr. Member
****
Offline Offline

Activity: 784
Merit: 253


View Profile
March 17, 2018, 05:50:57 AM
 #27

i agree with you to be the real trader you need pass 4 step of learning and  i will make it 5, number 5 is you ready to get some loss at the first time, its mean that it is an ordinary culture that the trader will get some loss at the first trading, after that they start to learn and learn how to get profit from trading, so if you get loss at the first trading dont give up, you need to try harder and harder
Admittance of this reality helps traders a lot in polishing their skills. Failures are inevitable parts of lives and since trading with crypto currencies is something new for the world, most of the potential traders even take time to get familiarize with the rules and trends of the trading world. This should be somewhere in your mind that it is pretty much okay to lose some amount in trading, invest little in the beginning. 
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!