zurc
Full Member
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Activity: 275
Merit: 100
SOKOS.io
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September 08, 2018, 05:25:03 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.
You can watch trading strategies on youtube there are too many channels giving free trading advices or download e-books
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South Park
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September 08, 2018, 07:52:11 PM |
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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. Even if there are very few books that concentrate in trading cryptocurrencies, at the same time it is not necessary the principles behind technical analysis applies to any market not only the stock market, so as long as the market of cryptocurrencies that you are looking to trade fulfills the conditions in which technical analysis is effective then you can learn from any book as long as it is a good book.
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ResonanceInvest
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Activity: 5
Merit: 0
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September 08, 2018, 08:44:55 PM |
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It's very easy to learn how to trade within a day! Need only software and strategy. But liquidity is not great. Therefore, the deposit should not be large.
And what about software you can use software that shows the volumes inside the candles. So you will best determine the manipulator and market liquidity.
Resonance Trading Technology is suitable for you.
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TheUltraElite
Legendary
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Activity: 2954
Merit: 1310
So anyway, I applied as a merit source :)
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September 11, 2018, 12:12:51 PM |
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Even if there are very few books that concentrate in trading cryptocurrencies, at the same time it is not necessary the principles behind technical analysis applies to any market not only the stock market, so as long as the market of cryptocurrencies that you are looking to trade fulfills the conditions in which technical analysis is effective then you can learn from any book as long as it is a good book. Technical analysis is not difficult to obtain considering a person has been keeping up with the stock market trading as well. Its the same applied here just the commodity being traded is different and the modes by which they fluctuate are different. A trader who already has an idea of what RSI is would be able to apply it here as well. The big difference is that crypto market is susceptible to FUD much more than other markets. You wont see a continuous 10% drop in the top stocks of any exchange continue to happen over several weeks but thats what happened to ethereum recently.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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s.mahmood
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Activity: 294
Merit: 0
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September 11, 2018, 01:09:25 PM |
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Day trading is very cretical and risky.So before trading you must achieve more and more knowledge about crypto currency market.There are so many site where talk about day trading.You can larn from those site.
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Coral27
Newbie
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Activity: 184
Merit: 0
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September 12, 2018, 04:36:01 PM |
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Day trading is very cretical and risky.So before trading you must achieve more and more knowledge about crypto currency market.There are so many site where talk about day trading.You can larn from those site.
Indeed it needs a lot of knowledge and information if we will increase our information about crypto currency day trading trust me it will make our money more than double. So I think all of us should have this skill because having day trading as skill will increase our income and our money to more than double, I think we should learn more and more and read articles related to it.
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South Park
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September 12, 2018, 04:45:53 PM |
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Even if there are very few books that concentrate in trading cryptocurrencies, at the same time it is not necessary the principles behind technical analysis applies to any market not only the stock market, so as long as the market of cryptocurrencies that you are looking to trade fulfills the conditions in which technical analysis is effective then you can learn from any book as long as it is a good book. Technical analysis is not difficult to obtain considering a person has been keeping up with the stock market trading as well. Its the same applied here just the commodity being traded is different and the modes by which they fluctuate are different. A trader who already has an idea of what RSI is would be able to apply it here as well. The big difference is that crypto market is susceptible to FUD much more than other markets. You wont see a continuous 10% drop in the top stocks of any exchange continue to happen over several weeks but thats what happened to ethereum recently. True, but I see that as a good thing, that means that if you are a good trader that can obtain profits in the stock market, the market of cryptocurrencies only offers even more opportunities to earn a lot of money thanks to its increased volatility, and the example that you give about ethereum is perfect, if this was the stock market you will never expect that ethereum went down the way it did but this means that you have a golden opportunity to buy ethereum and make profits that way.
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lordmick
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September 12, 2018, 06:01:59 PM |
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Successful day trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. That's why I think that any successful trader will not give you any free advice to you. Because unfortunately trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. But you can learn knowledges about trading by yourself. Of course it takes more time, but it is really work. First of all you should start from learning theory, technical analysis through indicators, Elliot's waves and etc. Personally I like trading methods of William D.Gann described on "45 Years In Wall Street" and "Dimensional Stock Market Structures and Cycles" of Bradley F. Cowan. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss and trade according to principals of money management.
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weblaraveluser
Member
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Activity: 308
Merit: 10
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September 12, 2018, 09:52:07 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.
There is no such thing to learn, it was very simple to trade, investing and selling your coins at the right time will make you earn a huge amount of profit in the market.
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South Park
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September 13, 2018, 07:27:17 PM |
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Successful day trading requires a lot of time, concentration, and most importantly constant learning. The trader learns from mistakes. That's why I think that any successful trader will not give you any free advice to you. Because unfortunately trader learns from mistakes. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. But you can learn knowledges about trading by yourself. Of course it takes more time, but it is really work. First of all you should start from learning theory, technical analysis through indicators, Elliot's waves and etc. Personally I like trading methods of William D.Gann described on "45 Years In Wall Street" and "Dimensional Stock Market Structures and Cycles" of Bradley F. Cowan. Only our own experience, both positive and negative, will allow us to develop our own profitable trading system. In order not to sell on the red market, I always set a stop loss and trade according to principals of money management.
Many successful traders give advice all the time the real problem is that much of the knowledge that they have acquired cannot really be applied unless you experience the very same circumstances as they did, they trade the way they do because they had to figure out that is what it gives good results, but you do not know that and applying all that knowledge in a split of a second is very difficult and it's only something that a person with experience can do.
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Viscore
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September 13, 2018, 10:41:50 PM |
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We've learn a lot if do it personally and not just depending on the others. Eventually, you became an expert because you have a lot of experience and knowledge acquire from this days of doing. Traders have only few ways in common strategies which they want to share but they keep on secret of their best strategy.
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| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
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@Mhaiang
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W12 – Blockchain protocol
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September 14, 2018, 03:01:15 AM |
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Basically, you have to follow the rudiments of investment to buy low and sell high. So in trading, you need to check what promising tokens are there in the market and once their price falls down, make a trade on it. When it rises high, trade it to another currency like Eth, and when the price of that crypto drops again, trade that crypto again with the equivalent value of eth that you've got from your previous trade.
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TheUltraElite
Legendary
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Activity: 2954
Merit: 1310
So anyway, I applied as a merit source :)
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September 15, 2018, 04:37:06 PM |
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There is no such thing to learn, it was very simple to trade, investing and selling your coins at the right time will make you earn a huge amount of profit in the market. Everyone here knows that but nobody can predict the time to buy and time to sell. But if you want to get an idea of when the market is going to drop look for the possible FUD in the market and also if the weekend is approaching then a dump may happen soon. Again since last year there was a massive bullrun in December this year also people are looking forward to such a bull run. On social media you may see a lot of people blabbering about the end of crypto and all - they are just spreading FUD. Take you own decisions and be firm to them. Sell when you need to and buy when you see its a dip.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
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Itjoker
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September 15, 2018, 07:17:28 PM |
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Actually trading is really very difficult job. Because you always should study methods of technical analysis and analyze much information every day. So if you really want to become trader start from reading information about technical indicators and classical technical analysis based on Elliot waves.
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Taki
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September 15, 2018, 07:40:41 PM |
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I also was WA Deering about that and was trying a daily trade with some small amount of coins, but I simply gone in minus, so I stayed it. Bitcoin is totally unpredictable. But now there are special bots which you'd trade instead of you, you just need to set min and max points on which to sell or buy. Technologies are exist to make our life easier, so why to not use this opportunity?!
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apityeh71
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Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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September 27, 2018, 12:32:59 AM |
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For day trading use times frame 1 hours and understand about price action, and to know the price action bullish or bearish we can learn about price pattern and candlestick pattern.
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Gwapoman
Jr. Member
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Activity: 252
Merit: 8
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September 27, 2018, 05:55:26 AM |
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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.
do some research and make conversation with other traders about some of the strategy that they use,this way you would gain knowledge on different strategy and style in trading,continous learning is also needed in this field. after gaining some knowledge in basic trading and different strategy to use ,the hardest part now is how would you execute it.many newbie failed to do this because trading is really not an easy game to play with.but through experience and knowledge for sure you'll get to used how it works and hope it could give you winnings someday.
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futureofeth
Member
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Activity: 686
Merit: 10
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September 27, 2018, 06:34:46 AM |
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It is not a simple process to learn to trade in one day we have to research ourselves because there are many videos on youtube. At the same time, you need to try real-time market by investing the little amount in the market which makes you get some real experience for analysis.
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doanlang
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September 27, 2018, 06:45:18 AM |
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You can use trend lines to assess the support and resistance of the market, thereby determining the entry point with good opportunities after an information event. If the price reaches that critical level and remains the same, you will have the opportunity to take risks with low risk and the market will continue its work normally.
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mkhadazz
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September 27, 2018, 07:42:28 AM |
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I think to be able to learn daily trading you should be able to try to read the article and the easiest one at this time might be that you could learn it in the media such as YouTube so that the information you get can be clear and you can understand it directly.
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