How to learn cryptocurrency day trading!

[irsykes]

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.

If you already trade and it didn't go well for you maybe you should learn what is your mistake, or you can do long term investment. But learn first what is long term investment so you can do it well in future.

[EXtremeAEX]

I'm sure that Google has not helped you, because you are not putting the questions right. It is a pity that I can't recommend you any useful information, since English is not my native language and all the necessary information I studied in my native language.
First of all, your task is to be attentive and smart. When I started trading there was not such an abundance of information, so I studied the basics of technical analysis in the Forex market. Technical analysis is a basic knowledge, so it is not important with an amendment to which market to study it, if you are smart enough and study a lot of narrowly focused information, then you will understand what are the subtleties of using technical analysis on the crypto market.
So study technical analysis. Understand what it is and why it is needed. In fact, this is very interesting and it grabs me personally.
Next, I dealt with the candlestick analysis. This turned out to be even more interesting and exciting than the technical analysis. All this can be studied in parallel. Also, in addition to the technical analysis and candlestick analysis, I tried to deal with trading indicators (these are the indicators that you can use on a chart, for example on bitfinex.) With their help, you calculate where the price will move.
All this information is very voluminous. You will have to study it for 10 hours a day, but after 1 month (persistent study) you will be able to successfully carry out transactions. And this will be the deals you have calculated, not just luck.

[Nexus77]

trading is not very hard, you just have to learn to reduce stress of trading by keeping in mind some of essential points: when you first start trading focus on trading small sizes, do not count money while trading, use the 2% Rule, keep records of all your tradings and also write down your plans.The difference between those who succeed in trading and those who fail is not the system they play, but how well they play it. Your mind is a powerful thing, don’t let it beat you in the market. Keep that in mind and enjoy trading.

actually with banyan experience. or we often trade and face many market situations makes us understand to be able to get success from trading and can benefit from trading

[Catswold]

trading is not very hard, you just have to learn to reduce stress of trading by keeping in mind some of essential points: when you first start trading focus on trading small sizes, do not count money while trading, use the 2% Rule, keep records of all your tradings and also write down your plans.The difference between those who succeed in trading and those who fail is not the system they play, but how well they play it. Your mind is a powerful thing, don’t let it beat you in the market. Keep that in mind and enjoy trading.

[Joyawan13]

Regarding learning day trading is certainly something that is not as easy as we think, an important point to be able to trade day is, sell when you get profit, even though the profit value is small, do not often cut losses, and choose an altcoin that has a fast price movement, and do not let you be obsessed with big profits, which will cause you to get caught up in trading, and don't panic easily.

[JohnWick_Bitcoin]

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.

If you already trade and it didn't go well for you maybe you should learn what is your mistake, or you can do long term investment. But learn first what is long term investment so you can do it well in future.

Your experience in trading will make you even better in the future so it was fine to make mistakes today because mistakes is necessary in order to become a better trader or investor.

[lovelyababio]

Trading can be learn't through a good coach, e-books, or you can go to trading channel on youtube. In summary, constant practice will make you a good trader.

[noormcs5]

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.

My advice is look for videos because trading videos will be much easier for anyone to understand than to read many books although reading books will help you learn eveey single details that emphasize the main idea in trading. Books is also frwe to download just search it in google.

Yes that makes totally sense, I looked at some books but they were very dry and videos can make this a lot easier to digest. Do you have some videos/authors in mind that you could share? That would be very helpful.

Learning from videos is a much wiser option  because of two reasons. Firstly you will find it much easier to understand via video as it is always much better understanding via visual techniques and secondly, there are not much books written on trading. Everything is available on the internet and its just a click away from anyone who want to equip himself with knowledge.
Day trading is more of a technique which you can master only if you practice enough on live trading platforms.

[TheUltraElite]

Your experience in trading will make you even better in the future so it was fine to make mistakes today because mistakes is necessary in order to become a better trader or investor.

Its also important to rectify those mistakes. Certain people do understand that they are making a mistake but they fail to take countermeasures to rectify them. A few of the most common are entering in the wrong point of time and getting FOMOed. Panic selling is also a important "mistake" but its debatable.

Most of them can be avoided once the person gains experience but controlling their emotions are also important. Specially when you are trading on a bear market. Wrong point of entry can be corrected by patience and planning of when to enter with a target exit in mind and FOMO can be avoided by forgetting about that specific coin and avoiding it - but keep an eye on it in future if you feel its worth it.

[webdevmastery]

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.

My advice is look for videos because trading videos will be much easier for anyone to understand than to read many books although reading books will help you learn eveey single details that emphasize the main idea in trading. Books is also frwe to download just search it in google.

Yes that makes totally sense, I looked at some books but they were very dry and videos can make this a lot easier to digest. Do you have some videos/authors in mind that you could share? That would be very helpful.

Learning from videos is a much wiser option  because of two reasons. Firstly you will find it much easier to understand via video as it is always much better understanding via visual techniques and secondly, there are not much books written on trading. Everything is available on the internet and its just a click away from anyone who want to equip himself with knowledge.
Day trading is more of a technique which you can master only if you practice enough on live trading platforms.

Yes it was very nice to watch video's on youtube in order to learn even more since the explanation is very concise and coming from professional analyst.

[malah]

to be able to learn how to be able to trade cryptocurrency and do daily trading properly and be able to benefit now there are many ways in some media such as YouTube so you can learn more clearly.

[South Park]

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.

In my opinion only those that have mastered the art of trading should even think about day trading, so if I were you I will try to start slow, try to trade in longer time spans that means that you will do something between trading and holding, you will look for an undervalued coin and hold it for some weeks or months and then sell it, only once you have mastered that way of trading you could try day trading.

[Adrin]

At first you need to watch market daily. Then you must know that every one hour almost all crypto currencies make up and down by 1%. If you try for rock then it is so hard to make profit. I don’t mean that you can’t but have so much risk for lose. So please select first how much you want to make profit daily. If you have lower target then have big chance for make profit. Else if you know how to use indicator and different pattern then you can make more 1% profit. That’s all I think.

[TheUltraElite]

Yes it was very nice to watch video's on youtube in order to learn even more since the explanation is very concise and coming from professional analyst.

Very nice way to fall in the bull traps of youtubers who shill and promote their own shitcoins indeed. While some youtubers do have some brains (just a handful), majority are just pumping their shitcoins and calling out the general market attitude. Nothing special because that special info is not public and it remains with the whales.

to be able to learn how to be able to trade cryptocurrency and do daily trading properly and be able to benefit now there are many ways in some media such as YouTube so you can learn more clearly.

Another bamboozled member who does not understand the two sides of the coin. You can learn trading but dont fall for the shitcoin traps that they show.

[pawanjain]

Just googling around won't do you any good until you try it out yourself. Since you have already tried and lost a few coins, the best thing to do for now would be take a short break and follow the big traders. Check out some videos on Youtube which will give you a better idea of how to analyze the market.
Learn how to understand the charts/graphs and analyse the market and based on that strategise your trade and then execute it.

[Ridwan Fauzi]

I just think if some techniques for predicting price direction are something that will definitely happen in a market. Sometimes you will think if luck is a valuable thing compared to a technique. Just hold your coin until the price goes up, and sell when you get profit and you are free to choose a long term or short term to do it.

[DrewBird]

Joining a trading group can be very beneficial to your learning curve. Here is a link to Voodoo Crypto. It is NOT a PnD group. Just a group of experienced and noob traders sharing info, ideas, and experiences with one another. It is the perfect place for beginners and it's free. Check it out 👇👇👇
https://discord.gg/3yS5Zcc

[dewi91]

You should Learn more about trading and technical analyse, if reading books and something like that not too help you it's mean you should practice. Try again and again day trading, learn from the mistake. Practice and experience will improve your skill, you can learn by doing.

[Harley_Quinn]

everything is very simple. I think that you need to start by trying to lose your deposit on any crypto-exchange. in this case you will learn to trade very quickly.

[socksserver3]

As for me, it is better not to trade daily but to choose another strategy according to which it is better to trade investing in the long-term projects. To my mind, this is much more reasonable.