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.
