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Author Topic: How to learn cryptocurrency day trading!  (Read 1491 times)
Honuandhonu
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July 17, 2018, 02:15:14 AM
 #1

Hello everyone.

I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
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July 17, 2018, 04:50:01 AM
 #2

I would recommend you to follow @philakonecrypto at Twitter. He published a lot of tutorials about trading basics, all of them for free.

In general: Daytrading is a beast, as a newbie you will lose a lot of money in the beginning ...

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July 17, 2018, 04:58:30 AM
 #3

Start mastering Technical Analysis,
Using technical analysis in day trading is great
There are many tutorial videos in youtube, check them out
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July 17, 2018, 06:40:33 AM
 #4

My friend, this experience comes with the years.
I spent 5 years to learn how to trade in the Forex market.
And I'll tell you a secret, 99% of the books are absolutely useless, and they wrote general trading principles on monthly and annual terms.

And trading during the day is very complicated, operating systems cost more than a hundred dollars, and they are practically not sold.

Who spends time writing all useless videos and daily recordings of signals and their thoughts, do not know how to trade at all Grin


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July 17, 2018, 06:57:04 AM
 #5

You must have good knowledge about trading before starting the trading. There is no way to practice the demo trading in Cryptocurrency so you should practice on another platform like Forex. You can get many brokers who offer you demo trading. Just google for forex trading and choose any broker and download their MetaTrader and start the demo trading. If you would like to get good knowledge for the trading you could go Babypips website and learn how to become a good trader. After that when you feel you have a good idea about trading then you could try in Cryptocurrency.

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July 17, 2018, 07:34:36 AM
 #6

OP, I would advice you to hold only Bitcoin and keep buying the dip. Day trading will only cause you to lose your coins. Plus you should understand that Bitcoin is hard money that appreciates in value against fiat over the long term. What you should do is find a stable job, and find extra work, and save everything in Bitcoin.


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July 17, 2018, 07:51:20 AM
 #7

In my opinion the first important thing to understanding in trading is how to minimize the risk. We should be make risk management first before put money in to trading. Risk management is needed to avoid big loss, some that risk management is use stop loss and trailling stop in every trade, and to do this we should be use exchange that offer stop limit function or trigger order, like Bitmex, Binance,Okex, Bittrex. For technical analysis , there are alot of explanation in youtube about it.

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July 18, 2018, 11:25:56 AM
 #8

Hello everyone.

I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
Maybe you didn’t make proper research for it. There are lots of sites that you can find with the help of Google and they can teach you how to do day trading. But you can ask your friends that you know are into trading if they can teach you or help you find someone that you can learn from.

You can say that you searched Google and not see anything, that’s a lie, even a simple search on Google will bring lots of sites where you can learn much on trading, unless you didn’t type in the words correctly.

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July 18, 2018, 11:28:01 AM
 #9

I think you should not learn about day trading if you are a newbie. Trading in the day is a double-edged sword. If you are lucky, then you can make a profit. If you are not lucky then you will lose a lot of money

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July 18, 2018, 11:30:34 AM
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I think you should go on google to search for the trading guide blogs of the day. Or if you want to find more knowledge, then you can learn to trade under the video on youtube. There are many experts who have guided trading by video
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July 18, 2018, 11:41:20 AM
 #11

Hello everyone.

I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.
We have the same experience in trading and I can say that we should watch and read books about trading and keep an eye on the market so that we can observe the graphs or candles.

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July 18, 2018, 06:39:24 PM
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Well, you don't have to do any special course for day-trading, when you start cryptocurrency trading, you should go for long-term trading, as you gain experience gradually you can do day-trading.
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July 18, 2018, 07:13:56 PM
 #13

I have tried day trading couple of times and that didn't go well,

What pair were you trading? Why did you decide to do day trade? You need to answer this because it may be easier to help you.

I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading. Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.

search on youtube and see here:

https://www.investopedia.com/trading/top-technical-analysis-courses/

https://www.investopedia.com/university/technical/



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July 18, 2018, 07:33:45 PM
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Hello everyone.

I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.

So you want to learned them all overnight? lol.

Just continue since you are there now. Because of continous work you will now be used to it so while time passesby and as you progress, you are gaining knowledge. You able to start with basics now so that's enough. You will now be able to take note of what things should be done. You are asking a spoonfeeding answer here no offense.

Don't rush things or your money will loss quickly. Spend time and focus.

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July 18, 2018, 08:24:06 PM
 #15

How to learn cryptocurrency day trading. -- in short, you don't learn. You're just getting lucky. Anyone that is into day trading and thinks it is working is simply getting lucky, anyone that tries to sell you their secrets has none, and these tutorials / vids / etc are a bunch of bullshit trying to profit off of peoples greed. The only trading strat which works in most (if not all markets) is the long game. You can't time the markets, and you can't get rich overnight.

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July 18, 2018, 08:35:36 PM
 #16

I would recommend you to follow @philakonecrypto at Twitter. He published a lot of tutorials about trading basics, all of them for free.

In general: Daytrading is a beast, as a newbie you will lose a lot of money in the beginning ...
The first rule to make money - is lose money. If you never lose, you can't know how to win. Just focus in risk management and analysis chart day by day. Good luck.
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July 18, 2018, 09:04:08 PM
 #17

Firstly you have to realize that day trading with btc where you're relying on 3-5 min charts is extremely difficult due to low market liquidity. It's much better and easier to trade significant support lines. For instance one of that support lines is 8k USD. IF that breaks you have at least 80% chance that the price will go up by another 1k USD and not much less that it will touch 10k.
How to learn trading? Watch people do it live on streams, you can learn a lot from it. Some guys are analyzing charts on youtube and telling you what signs to look for.
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July 18, 2018, 09:11:59 PM
 #18

Hello everyone.

I have tried day trading couple of times and that didn't go well, I am looking for some tutorials or books which can teach me about day trading and I wanna know how traders understand the graphs for trading.
Yeah I've googled it but didn't find that much good info, so I'm trying to hear from you guys who might have tried different processes.

You can always read different ebooks because there are a lot of free resources in the market or you can use youtube for more information that you want to learn.

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July 18, 2018, 09:17:32 PM
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Now many financial traders publish their books with a variety of trading strategies and tips. Try to read the book of Larry Williams. She helped me a lot.
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July 18, 2018, 10:32:16 PM
 #20

I have heard that Technical analysis style called Price action by InnerCyrcleTrader works well for BTC daytrading. You can find his free vids n youtube. Also, check @tradeMayne on twitter, he's been crushing it

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