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Author Topic: Learning Crypto trading as a beginner  (Read 1664 times)
krista222
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May 26, 2024, 05:39:28 PM
Last edit: May 31, 2024, 05:00:03 PM by krista222
 #221

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Have you heard of Immediate Trading Platforms like https://immediate.financial/  ? They're great for beginners because they offer instant order execution. This means you can buy or sell cryptocurrencies at the current market price without any delay. It's a fantastic way to jump into trading and start gaining experience.

If you find that your knowledge has not peaked so you can self-enrich or you can trade but lack confidence you can re-learn how to trade for success.
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May 27, 2024, 06:23:52 AM
 #222

Learning trading is very difficult.  Because trading is not easy to master.  Learning trading requires a lot of patience and dedication.  Many people resort to various types of training.  But most of them are scams.  It is better to master trading on your own rather than relying on others.  Because trading is a practical process.  So the more you get into it, the more you will know about it.  Moreover, one cannot enter trading completely ignorant.  After knowing the basic concepts and all the strategies and rules of trading one should come to trading.  But in the beginning a very small amount of money has to be invested.  The less money can be invested and what.  Then when the trading is fully mastered the amount of money can be increased in parts.
It's never a good idea to try to learn anything from online mentors, you are right about that, so it's better if someone willing to learn trading or anything, in general, finds a place or a person where they can learn so that they can see and understand everything more clearly and easily.

There are two basic things that one needs before entering the cryptocurrency market or any financial market as a trader, the first one is knowledge because you can't do anything if you don't understand everything, and the second one is the budget that they can utilize to make their trades.

Unfortunately, in the cryptocurrency market, most people make an entry without the first thing which is knowledge, and when they fail, they start making excuses.
If I may add more, experience is also an important asset for achieving success in the world of trading, therefore a lot of flying hours are needed so that we have good intuition regarding market reactions. that way we can make good decisions so that we don't harm ourselves, trading is not only done in theory, but in practice which determines our success, in practice it is even recommended to use real money to hone our psychology

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May 27, 2024, 01:05:07 PM
 #223

It's never a good idea to try to learn anything from online mentors, you are right about that, so it's better if someone willing to learn trading or anything, in general, finds a place or a person where they can learn so that they can see and understand everything more clearly and easily.

There are two basic things that one needs before entering the cryptocurrency market or any financial market as a trader, the first one is knowledge because you can't do anything if you don't understand everything, and the second one is the budget that they can utilize to make their trades.

Unfortunately, in the cryptocurrency market, most people make an entry without the first thing which is knowledge, and when they fail, they start making excuses.
If I may add more, experience is also an important asset for achieving success in the world of trading, therefore a lot of flying hours are needed so that we have good intuition regarding market reactions. that way we can make good decisions so that we don't harm ourselves, trading is not only done in theory, but in practice which determines our success, in practice it is even recommended to use real money to hone our psychology
Yes, experience in trading is very important and with experience of course we will be able to know the right time to enter the market and when it is time to take advantage of the trading that we do, as you said it is very true that with a lot of time we spend on trading of course we will be able to understand trading well and by trying with the money we have we will certainly be more careful in making decisions on the trading we do.

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May 27, 2024, 04:21:25 PM
 #224

Though financial platforms are challenging, newbies are very interested in these platforms. Currently newcomers are more interested in cryptocurrency and Forex trading. There is no end to know how they can earn from these platforms. But deciding which one is better between these two markets is for beginners somewhat difficult. But from my experience i can say crypto market is much easier and profitable than Forex. The reasons for trading in cryptocurrencies inspire me the most

# A beginner can invest in Bitcoin initially without knowing much about the crypto market. In this case, if he holds for a long time, there is a possibility to make high return.

# If you can invest in a good project in crypto currency, even if its value decreases, it does not disappear. This is a great advantage of crypto currency, which is not possible in Forex.

# Cryptocurrency has many altcoins apart from Bitcoin where one can invest in any of them as an investment option. In short, the investor can diversifying his investments.

# For new investors, there is a possibility to get huge profits after knowing less which is not possible from any other financial platform.

# Cryptocurrencies can be traded 24 hours and 7 days a week but Forex does not have that advantage.


Considering the above, I am more interested in cryptocurrencies.

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Assface16678
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May 27, 2024, 09:58:08 PM
 #225

It's never a good idea to try to learn anything from online mentors, you are right about that, so it's better if someone willing to learn trading or anything, in general, finds a place or a person where they can learn so that they can see and understand everything more clearly and easily.

There are two basic things that one needs before entering the cryptocurrency market or any financial market as a trader, the first one is knowledge because you can't do anything if you don't understand everything, and the second one is the budget that they can utilize to make their trades.

Unfortunately, in the cryptocurrency market, most people make an entry without the first thing which is knowledge, and when they fail, they start making excuses.
If I may add more, experience is also an important asset for achieving success in the world of trading, therefore a lot of flying hours are needed so that we have good intuition regarding market reactions. that way we can make good decisions so that we don't harm ourselves, trading is not only done in theory, but in practice which determines our success, in practice it is even recommended to use real money to hone our psychology
Yes, experience in trading is very important and with experience of course we will be able to know the right time to enter the market and when it is time to take advantage of the trading that we do, as you said it is very true that with a lot of time we spend on trading of course we will be able to understand trading well and by trying with the money we have we will certainly be more careful in making decisions on the trading we do.
There are three important things in learning trading or br able to be auccessful in trading , knowledge, skill and experience with these three if a gambler can utilize and hone this aspectd then expect that they will have a greater chance to become successful in trading or earn through trading, some new traders skip one of these just so they can earn immediately, some skip them all by using and relying AI trading which is we know can brough you profit but still there is a risk and added that a trader is abonding the concept of honing skill, gathering knowledge and acquiring experiene.
thats what I hate the most this days many traders are relying on AI or automated trading little they know they just making themselves unprofessional and not prioritizing the concept of honing themselves so that in the later days they can confidently trade and earn a profit through trading.

Yukyzu
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May 30, 2024, 01:16:23 AM
 #226

Yes, experience in trading is very important and with experience of course we will be able to know the right time to enter the market and when it is time to take advantage of the trading that we do, as you said it is very true that with a lot of time we spend on trading of course we will be able to understand trading well and by trying with the money we have we will certainly be more careful in making decisions on the trading we do.
There are three important things in learning trading or br able to be auccessful in trading , knowledge, skill and experience with these three if a gambler can utilize and hone this aspectd then expect that they will have a greater chance to become successful in trading or earn through trading, some new traders skip one of these just so they can earn immediately, some skip them all by using and relying AI trading which is we know can brough you profit but still there is a risk and added that a trader is abonding the concept of honing skill, gathering knowledge and acquiring experiene.
thats what I hate the most this days many traders are relying on AI or automated trading little they know they just making themselves unprofessional and not prioritizing the concept of honing themselves so that in the later days they can confidently trade and earn a profit through trading.
Of the three things you have mentioned, of course every beginner can have them and if someone misses one of them, of course there is little chance of making a profit in trading. It would be good for us to be patient in every learning process so that we can gain profits in the trading they do.

For some people who trade using AI, of course they don't have a good understanding of trading and also don't believe in their abilities. Of course, this will be very detrimental if they experience failure in their trading, but it is different if we fail to utilize their knowledge. What we have, of course, is that we are satisfied because what we did was based on our own knowledge and we will be able to improve ourselves and not make the same mistakes again when we try trading again.

Davian144
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May 30, 2024, 02:56:25 AM
 #227

If you find that your knowledge has not peaked so you can self-enrich or you can trade but lack confidence you can re-learn how to trade for success.
There is no end to learning as long as we are still living in this world because even those who have been successful through trading are still learning by using more of their time in order to remain successful in the long term. Trading can be used as a daily job for everyone and to reach the peak of knowledge there will never be an end to learning. Because conditions of increasing prices are not always visible in the market, so even in conditions of decreasing prices, everyone must learn to take the right attitude so that work does not stop just because of a decrease in prices.
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June 01, 2024, 11:22:52 AM
 #228

If you find that your knowledge has not peaked so you can self-enrich or you can trade but lack confidence you can re-learn how to trade for success.
There is no end to learning as long as we are still living in this world because even those who have been successful through trading are still learning by using more of their time in order to remain successful in the long term. Trading can be used as a daily job for everyone and to reach the peak of knowledge there will never be an end to learning. Because conditions of increasing prices are not always visible in the market, so even in conditions of decreasing prices, everyone must learn to take the right attitude so that work does not stop just because of a decrease in prices.
Yes I agree with you trading is such a subject that there is no specific study in books that you can finish reading. To learn trading you need to read every day, the more you read the more knowledge you gain. To be a skilled trailer you must patiently analyze the coin, understand whether the coin is tradable or not. I cannot learn you in a day or two, those who are skilled in trading have been trading for a long time and there are many who have not been successful in trading for a long time. However, you will only succeed in trading when you can control everything else or you will be fail.
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June 01, 2024, 02:26:28 PM
 #229

Contributions from other Crypto Trader is higher welcome but please avoid spamming.
Crypto trading is not an easy matter, it takes weeks to learn it, frequent experience is also the key to becoming better and successful.
My experience in trading, when I first started doing it, I sacrificed almost $200 in crypto, that's the money I sacrificed for my future success.
Every day I place money to trade for $10. I continue to do this for weeks, sometimes I get lucky and lose, but mostly I lose, from my experience trading small amounts, so I became brave enough to do large amounts, it took me six months to become a good trader for myself and until now, I can trade well and the results I get are quite good and make me laugh.

R


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June 02, 2024, 08:38:04 AM
 #230

If you find that your knowledge has not peaked so you can self-enrich or you can trade but lack confidence you can re-learn how to trade for success.
There is no end to learning as long as we are still living in this world because even those who have been successful through trading are still learning by using more of their time in order to remain successful in the long term. Trading can be used as a daily job for everyone and to reach the peak of knowledge there will never be an end to learning. Because conditions of increasing prices are not always visible in the market, so even in conditions of decreasing prices, everyone must learn to take the right attitude so that work does not stop just because of a decrease in prices.
It's true, learning will never end, as long as we are alive, we must learn to enrich ourselves with knowledge, including in the cryptocurrency space. We are always required to follow developments, because in the crypto space there is always something new all the time, so when we stop for a moment, we may miss out on a lot of new knowledge. Indeed, those who can be said to be successful in trading activities will always be learning. They cannot walk in place with the knowledge they have.
We must not be lazy in learning, because by doing so we will open new doors that we never knew about before. We also shouldn't be quickly satisfied with what we know or have, because in my opinion that is something that is not good.

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June 02, 2024, 04:42:15 PM
 #231

If I may add more, experience is also an important asset for achieving success in the world of trading, therefore a lot of flying hours are needed so that we have good intuition regarding market reactions. that way we can make good decisions so that we don't harm ourselves, trading is not only done in theory, but in practice which determines our success, in practice it is even recommended to use real money to hone our psychology
Experience is the most valuable thing for every human being in any case, from there we can see and learn what mistakes we made in previous lives. Agree with what you say, the sacrifice of wanting to become a successful trader is not easy, full of winding roads, a lot of time and money to spend in trading to gain experience or knowledge there or profit there. Every step or in practicing we gain valuable experience there.

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bangjoe
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June 02, 2024, 05:22:37 PM
 #232

If I may add more, experience is also an important asset for achieving success in the world of trading, therefore a lot of flying hours are needed so that we have good intuition regarding market reactions. that way we can make good decisions so that we don't harm ourselves, trading is not only done in theory, but in practice which determines our success, in practice it is even recommended to use real money to hone our psychology
Experience is the most valuable thing for every human being in any case, from there we can see and learn what mistakes we made in previous lives. Agree with what you say, the sacrifice of wanting to become a successful trader is not easy, full of winding roads, a lot of time and money to spend in trading to gain experience or knowledge there or profit there. Every step or in practicing we gain valuable experience there.
Experience is important but it will be very important if we can learn every mistake to understand what has happened so that it can become a knowledge to move better in the future, and indeed for a beginner never be afraid to try and sacrifice, make it as aggressive as possible to add new knowledge from the world of trading, sometimes someone wants to become a trader but they forget that they are not willing to sacrifice to pay for knowledge or experience to reach the best point in an industry.

In the world of traders only a few people can survive and benefit, they certainly have a much greater experience and sacrifice to get to the top, and that is not obtained in a month or two months of learning, which is a big barrier for an average beginner to lose mental and learning consistency.

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Zanab247
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June 06, 2024, 05:24:20 PM
 #233

Quote from: SUDARMONO
It's true that trading crypto is easier than forex stocks, bitcoin can be done anytime without holiday time like forex that follows the working day, and bitcoin can be done with small capital without fear of losing spare money like margin forex.
Yes, is easier when your mind and soul is there because it will make you to be focus with some of the things you have been thought, and it will be hard for you to forget all those things because you know they are going to bring good profits to you in the future.

You have a choice to trade at anytime you wish to trade in the market, which nobody can question you why are you trading in the bear run and you have the right to trade during the bull run, which is the best season many traders use to trade to take profits from the market.

Once you have the skills of BTC trading, you can use small money to start your trading to know how good you are before you can increase the money in the future, and you will like BTC trading.

boty
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June 07, 2024, 09:14:45 AM
 #234

If I may add more, experience is also an important asset for achieving success in the world of trading, therefore a lot of flying hours are needed so that we have good intuition regarding market reactions. that way we can make good decisions so that we don't harm ourselves, trading is not only done in theory, but in practice which determines our success, in practice it is even recommended to use real money to hone our psychology
Experience is the most valuable thing for every human being in any case, from there we can see and learn what mistakes we made in previous lives. Agree with what you say, the sacrifice of wanting to become a successful trader is not easy, full of winding roads, a lot of time and money to spend in trading to gain experience or knowledge there or profit there. Every step or in practicing we gain valuable experience there.
That's right, with the experience we have of course this will really help us to be able to do things in accordance with the experience we have and to become a trader of course there are many things we need to prepare to be able to become a trader from the many processes we go through Of course we have to be patient in order to achieve the goals we want because if we are not patient, of course we will give up very easily if we fail in the trading we do, but if we don't give up from this failure, of course we will learn from the mistakes we made and try again. trading until we can get a profit from the trading we do, as you said is very true, the many experiments we do will certainly make our knowledge increase and we will also have experience from these trades.
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June 07, 2024, 01:56:15 PM
 #235

Experience is important but it will be very important if we can learn every mistake to understand what has happened so that it can become a knowledge to move better in the future, and indeed for a beginner never be afraid to try and sacrifice, make it as aggressive as possible to add new knowledge from the world of trading, sometimes someone wants to become a trader but they forget that they are not willing to sacrifice to pay for knowledge or experience to reach the best point in an industry.

In the world of traders only a few people can survive and benefit, they certainly have a much greater experience and sacrifice to get to the top, and that is not obtained in a month or two months of learning, which is a big barrier for an average beginner to lose mental and learning consistency.
It takes time to develop because nobody is born that already has knowledge and extraordinary skill about this. We all started learning the basics but we all learn more from our experience and mistakes. Many people have tried but only a few continue their journey and stay long and this is because not all are strong enough to face the consequences and still remain positive despite the losses and disappointment, many have given up.

So, while listening to people's stories about their trading journey, I then think that even if you are a rich person and can really afford to lose more but if you don't have proper knowledge about trading, it won't help you. Nothing could help us to succeed aside from being patient and goal-oriented. It needs actions that focus on enhancing our knowledge and skill, not on earning because it is too easy when it is done.

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bangjoe
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June 07, 2024, 05:17:55 PM
 #236

Experience is important but it will be very important if we can learn every mistake to understand what has happened so that it can become a knowledge to move better in the future, and indeed for a beginner never be afraid to try and sacrifice, make it as aggressive as possible to add new knowledge from the world of trading, sometimes someone wants to become a trader but they forget that they are not willing to sacrifice to pay for knowledge or experience to reach the best point in an industry.

In the world of traders only a few people can survive and benefit, they certainly have a much greater experience and sacrifice to get to the top, and that is not obtained in a month or two months of learning, which is a big barrier for an average beginner to lose mental and learning consistency.
It takes time to develop because nobody is born that already has knowledge and extraordinary skill about this. We all started learning the basics but we all learn more from our experience and mistakes. Many people have tried but only a few continue their journey and stay long and this is because not all are strong enough to face the consequences and still remain positive despite the losses and disappointment, many have given up.

So, while listening to people's stories about their trading journey, I then think that even if you are a rich person and can really afford to lose more but if you don't have proper knowledge about trading, it won't help you. Nothing could help us to succeed aside from being patient and goal-oriented. It needs actions that focus on enhancing our knowledge and skill, not on earning because it is too easy when it is done.
yes entirely I agree with what you said, about many things about the crypto trading journey, any professor we will not be able to change it overnight means we need time to learn and understand how to work and how to survive in all situations, it will give us something and can be used as a learning process to increase knowledge.

Yes, even though we are rich people if we don't learn faster and understand how the correct trading mechanism and maintain a risk profile to guard against losses, anyone can die overnight if they don't have the right knowledge, it will make us think that maybe we should give up, so people who will not last long in this industry and fewer are successful, because mental pressure is very cruel especially in volatile markets, beginners should read more and evaluate after trading, even though the trade for evaluation needs to be noted.

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.Duelbits.
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Pandu Geddon
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June 07, 2024, 05:47:47 PM
 #237

That's right, with the experience we have of course this will really help us to be able to do things in accordance with the experience we have and to become a trader of course there are many things we need to prepare to be able to become a trader from the many processes we go through Of course we have to be patient in order to achieve the goals we want because if we are not patient, of course we will give up very easily if we fail in the trading we do, but if we don't give up from this failure, of course we will learn from the mistakes we made and try again. trading until we can get a profit from the trading we do, as you said is very true, the many experiments we do will certainly make our knowledge increase and we will also have experience from these trades.

I think trading is not about how much we try when we get failure in trading. The failure in trading was due to the lack of accuracy in the plans made. maybe when we try to trade more it will give us experience. but the value lies in evaluating and improving the ability to create a trading plan.
I know that in the learning process, there is no short term. Everything takes time and consistency. but what is used is capital. Try to understand mistakes as quickly as possible to immediately improve your abilities. If you last longer, maybe you will realize your mistake when you run out of capital.
Trading is always risky.

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Bushdark
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June 07, 2024, 09:13:59 PM
 #238

Quote
Have you heard of Immediate Trading Platforms like https://immediate.financial/  ? They're great for beginners because they offer instant order execution. This means you can buy or sell cryptocurrencies at the current market price without any delay. It's a fantastic way to jump into trading and start gaining experience.

If you find that your knowledge has not peaked so you can self-enrich or you can trade but lack confidence you can re-learn how to trade for success.
This can be very easy to explain but the process can be very difficult to follow.
Trading is never easy and it requires lot of understanding and consistency for us to keep getting it right. If we have gotten the skill that would carry us to the next level of making money for ourselves, we can keep improving ourselves because trading can change direction and we might be surprised to be seeing false signals which could be making us get negative results.

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June 07, 2024, 10:28:45 PM
 #239

Experience is the most valuable thing for every human being in any case, from there we can see and learn what mistakes we made in previous lives. Agree with what you say, the sacrifice of wanting to become a successful trader is not easy, full of winding roads, a lot of time and money to spend in trading to gain experience or knowledge there or profit there. Every step or in practicing we gain valuable experience there.
The successful people are the ones that has the toughest journey. Some may have been just lucky with their success but if the success is in crypto trading.

You bet that trader have lost a lot of money before able to show how much he's able to gain with his trades.

To the beginners, you take what lesson you are able to extract from your experiences and take also the tips from the experienced ones so that you have something to apply for some twisted turn of events with your trading activities.

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