How to learn cryptocurrency day trading!

[DrewBird]

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.

Long term trades are good but I think day trading has more potential. Especially for those with small stacks. Compound interest is an amazing force. This website computes daily compound interest check it out
compoundaily.com
If you start with $500 and make only 3 1% gains a day for a month you will more than double your investment. Another month, almost 6x your initial investment. Another month,  more than 14x..... only 3 trades a day. IF you can discipline yourself. We at Voodoo Crypto look to this website for motivation, discipline, and inspiration.
https://discord.gg/3yS5Zcc

[1714864876]

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[1714864876]

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[Kelvinid]

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.

Yes.Articles and videos won't help you that much if you never put it into action.You will learn trading in a faster way if you put it into experiencing on your own.In this way,your own mistakes will give you lessons and might build yourself to develop your own skills and expertise in trading.

[akosipepot]

Its all dependent on how hard you want to go in. Yes, you can watch videos all you want and reading articles about how to interpret trends is important but above all one must get out there and learn from experience.

[BeGoods]

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.

Yes.Articles and videos won't help you that much if you never put it into action.You will learn trading in a faster way if you put it into experiencing on your own.In this way,your own mistakes will give you lessons and might build yourself to develop your own skills and expertise in trading.

You're right in my opinion. At least 20% of what you get from videos, articles, etc is to contribute expertise in your trading, the rest is the experience you get from trying and actiion. so don't just learn, you have to try it because market conditions don't forever the same as what you read, sometimes you have to study in real conditions dude!

[South Park]

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.

You can learn from experience, but the problem with learning in that way when it comes to trading is that the amount of money that you have is limited, you do not have an unlimited amount of money to trade and to learn how to trade, so if you follow that method it is entirely possible that you are going to run out of money before you become any good at it, and to me it's not worth it to use that much money just to learn something that you could learn out of books.

[TheUltraElite]

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.

Its not always feasible to day trade a certain coin. While there may be the continuous market cycles going on and you can ride them making a satoshis every cycle but then they wont earn you much unless you are doing a huge number cycles complete within a certain price range. Then again the price can drop beyond your estimated target and you will end up holding a shitcoin.

Its all dependent on how hard you want to go in. Yes, you can watch videos all you want and reading articles about how to interpret trends is important but above all one must get out there and learn from experience.

Correct, you might get a lot of ideas and thoughts from watching and listening to what youtubers have to say but most of the time its your experience on the market - for example you might buy a coin during the dip but it will keep dipping down even more. That is possible and then you just have to wait it out.

[iqlimasyadiqa]

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.

You can learn from experience, but the problem with learning in that way when it comes to trading is that the amount of money that you have is limited, you do not have an unlimited amount of money to trade and to learn how to trade, so if you follow that method it is entirely possible that you are going to run out of money before you become any good at it, and to me it's not worth it to use that much money just to learn something that you could learn out of books.

Experience will determine whether we will succeed or not in the world of trading. experience plays a very important role because with experience we can have abilities and we will also have skills. experience will teach us how to make the right decisions and also how to take the best momentum. so if we want to become a trader then we must constantly add experience and that is the most important capital to bring us closer to success.

[mikyadel]

Newbies should never do day trading until they have the proper experience as this kind of trading has huge risks and require continuous monitoring of the chart . Trading has different schools and no one can prove that one method is better than the other .
Quit using youtube if you wanna learn well , it's filled with gurus who only want views on their videos , search for books especially old ones and start applying on demo account first then go to the real world.

[South Park]

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.

You can learn from experience, but the problem with learning in that way when it comes to trading is that the amount of money that you have is limited, you do not have an unlimited amount of money to trade and to learn how to trade, so if you follow that method it is entirely possible that you are going to run out of money before you become any good at it, and to me it's not worth it to use that much money just to learn something that you could learn out of books.

Experience will determine whether we will succeed or not in the world of trading. experience plays a very important role because with experience we can have abilities and we will also have skills. experience will teach us how to make the right decisions and also how to take the best momentum. so if we want to become a trader then we must constantly add experience and that is the most important capital to bring us closer to success.

Experience is only useful if you actually learn from it, how many times you have seen the same person make the same mistake over and over again? Because that is a very common occurrence and it's something that I see every day and yet people seem unable to learn from their past experiences, so while you are correct when you say that experience plays a role that role can only be fulfilled if you actually take the time to learn from it.

[Zipposs]

You can start checking out these guys: https://discord.gg/2cjRufh. I've been using their free crypto calls for a few months, and I made a small profits 1-2% almost every other day. Also the community is very helpful and I learned a lot new information and ways to cope with emotional trading. There is also a paid section where you will receive daily a 3-5 coins updated every hour.
It's worth it, but I will suggest you first start with the free signals until you become more knowledgeable and calm.
Good Luck!

[Finestream]

Newbies should never do day trading until they have the proper experience as this kind of trading has huge risks and require continuous monitoring of the chart . Trading has different schools and no one can prove that one method is better than the other .
Quit using youtube if you wanna learn well , it's filled with gurus who only want views on their videos , search for books especially old ones and start applying on demo account first then go to the real world.

Yes.Don't rely much on youtube videos,have your own set of strategies.Practice more and apply all the things you've learned from all you reading materials.If you cannot do them well,don't proceed to trading because it will only make you lose.Have more experience because as time goes by,you will develop your own skills in day trading even if it requires more pressures and stress.

[Aion2n]

I think that your goal is to become a good trader. All information for this  is on the Internet, you just need to find it.

That's what I'm going to propose to you, and you can do what you think is right:
1. Find a few news resources where only crypto news is considered. Start actively reading the latest news. So you will be aware of many of the latest news. (Unfortunately, I can't advise you on English resources, since I read the news in my language).
2. Begin learning the basics of trading with the study of technical analysis. Here you can use the video (YouTube) and read the materials on the internet. You should know that technical analysis is suitable for any markets, so if it is considered in the Forex market, then it's not scary, you just need to understand the essence of technical analysis.
3. When you begin to understand what is technical analysis and how to work with it, then you can begin to practice on small amounts of money. Later, when you become more experienced, you can increase the purchase amount. Experience is a very important part of learning. Without experience, you can't become a successful trader.
4. Further I would recommend to familiarize yourself with trading indicators (this is an important analysis tool in the work of a trader, which is indispensable in forecasting price fluctuations. Experienced traders use a large number of indicators to obtain more accurate data for entering the market.They help in drawing up a correct forecast of the behavior of prices currencies for a certain period of time).
5. Also get acquainted with the fundamental analysis. This is an important component in forecasting prices.
6. I would also like to recommend studying candlestick analysis. This is a very interesting kind of analysis that helps to assess the market and make predictions based on the shapes of candles or their combinations (patterns).

If you want to become a successful trader, then please don't be lazy. Learn all the information I have offered. Yes, it will take a lot of time, but it's worth it

Good luck to you!

[South Park]

Newbies should never do day trading until they have the proper experience as this kind of trading has huge risks and require continuous monitoring of the chart . Trading has different schools and no one can prove that one method is better than the other .
Quit using youtube if you wanna learn well , it's filled with gurus who only want views on their videos , search for books especially old ones and start applying on demo account first then go to the real world.

True, many people want to become day traders not understanding that that is the hardest and most difficult form of trading only those that have a lot of experience in the market should try to become day traders, but the problem is the newbies are blinded by greed and they think they can earn a lot of money in this market very easily, something that we know is not true.

[el kaka22]

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.

Trying to lose your deposit? Was that meant to be a joke? If you want to trade, you should never even bring about the quick aspect into the scenario because it does not work that way. Rushing to start trading without being patient enough to have the proper knowledge it takes to be able to trade the market effectively is one of the reasons why so many people who want to start trading fail and end up losing a lot of their capital.

Learn the basics, get a strategy that suits you from all that you have learned, and then practice this strategy until you perfect it before even starting to make any move on the real market, Learning from experience is best when you are simply trading with no real money and you are either paper trading or demo trading.

Still, there is no point learning from experience first without learning from the books as you will get confused and frustrated so fast. You need to be able to learn all that is important to learn about analysis, the use of indicators and every other part to trading when it comes to money management, before even making any solid move at all.

[lavishlife]

Great topic, would love to read the thoughts
and experiences of our trademates because me also
find day trading difficult and would love to master it.

[TheUltraElite]

Newbies should never do day trading until they have the proper experience as this kind of trading has huge risks and require continuous monitoring of the chart . Trading has different schools and no one can prove that one method is better than the other .

It is possible that they are newbies to crypto but they are not newbies to trading.
Many people who have come across bitcoin have actually been through stock market and commodity market, gold trading and real estate before coming to crypto. So they may have a background on trading in general.

Quit using youtube if you wanna learn well , it's filled with gurus who only want views on their videos , search for books especially old ones and start applying on demo account first then go to the real world.

Actually books there are mostly referring to the stock market. Very few books on crypto trading are available. Hence they new traders tend to rely on youtube. But if they are immune to shitcoin shilling then it should not be a problem for them.

[boty]

to be able to study daily trading at least you must be able to understand the conditions of cryptocurrency price movements and must be able to determine the right time to buy and sell coins so you can trade daily.

[emezh10]

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

Time and experience is well needed for us to learn because it would serve as our guide on the running year in dealing with our investments and cryptocurrency. We should also be agile and flexible on possible changes in development that would also help us to earn more and to be successful in trading.

[MalcolmBee]

The Only method to Learn about Cryptocurrency Trading is to get into it. Open up a wallet or an account in an exchange, buy some coins and start trading it.

[lavishlifing]

Study MACD(Moving Average Convergence Divergence), RSI(Relative Strength Index), Stochastic RSI, Bollinger Bands,
Support and Resistance. Then watch some tutorial videos in youtube.