Newbies that has interest in trading!

[arpon11]

Since we are all here to learn things about cryptocurrencies and to share ideas with each other on a way to increase our knowledge and revenues on how cryptocurrencies market work and how to make money from it, I think it is very important we understand some basic things about how the cryptocurrencies market works and where and how to rendering services for money,  selling products and trading coins in an exchange platforms as a newbies in this forum.
Of a truth I am among those that becomes rich through investing in cryptocurrencies in 2017 and I keep appreciate the ideas behind the whole things.  Having been trading forex,  commodities and stocks it was easy for me to diversified into cryptocurrencies trading and that is because I know how to interpret candlesticks formation and chart pattern and I learned all this without paying a dime from the followingsites : https://www.forexpeacearmy.com, https://forums.babypips.com, http://pumperspicks.com/ultimate-altcoin-buying-strategy/
The only way to make money from internet and cryptocurrency in particular is to become skillfull in an area and if you want to be skillful in trading I will advices you to visit all this sites to learn the secret on how trading work as a newbies and form your own strategies.  Remember to demo trade first before putting really money.  I wish you join us at the top! 

[1714172115]

1714172115

[Ailmand]

Thank you for sharing your experience and knowledge about trading, this will really be helpful to traders and aspiring traders. It's really great that some people are really willing to share what they know and how they learned.

Now just to add, I came across this earlier. They are giving free crypto educational platform, basics of crypto and trading, so I hope this adds up. KUDOS!

This is the thread:

https://bitcointalk.org/index.php?topic=5133011.msg50649194#msg50649194

And this is their website:
https://cryptoaims.net

[Zadicar]

Remembering the good old days when im just starting up to trade, not here on crypto but with forex.

I started up with babypips (https://www.babypips.com/learn/forex) and finishing up the course.It do involves all trading lessons and mostly
heavily focused on technical aspects but these subjects would really be sufficient to learn up trading.

[r1a2y3m4]

Thank you for these sites you gave us. I'll be quoting these websites for reference. Because I will study too 

https://www.forexpeacearmy.com, https://forums.babypips.com, http://pumperspicks.com/ultimate-altcoin-buying-strategy/

[aervin11]

I also follow those websites you mention, though I am still learning to trade, first I think I need to fix my emotions, I trade so emotional I can't help it. Maybe you have some tips for me in order to apply what I have learned on TA.

[Johnzky]

Thank you for these sites you gave us. I'll be quoting these websites for reference. Because I will study too 

https://www.forexpeacearmy.com, https://forums.babypips.com, http://pumperspicks.com/ultimate-altcoin-buying-strategy/

Same here mate ,checking this later for my reference also since i was on my way

I have no idea about forex but i am more interested in both crypto and forex so this will be a big help if i find a good advices

[Lakai01]

I used to trade a lot back in 2017 and would say its definitly nothing for newbies. Emotions will melt your trading budget instantly. What helped me was paper trading.

I "traded" coins for about a month only on paper, wrote down entry points, stopp losses and take profits and sticked to them without investing real money. This definitly helps you to get a feeling of the market and to plan your trades wisely!

[Reid]

Does this still works even with low volatility?

I find it hard to make profits now with trading since the last dump. Most of the time I just imagine trading and doesnt really do an order. Afterwards, monitor it and try to see if there will be profits with what I imagined. Profits are just cents and it will not be worth the time and effort.

I guess you got lucky since the 2017 market have much movement than now.

[traderethereum]

Yes, you are right, and I agree with you. We should have a skillful in trading, and if we feel that we don't have those skills, then we need to learn and never stop before we can master the skills. I am sure that every people can be a master in trading, but it depends on how he can learn more about trading and how hard he will learn.
We have a chance to make a lot of money from cryptocurrency especially in trading, but we need to have skills to trade so we could be able to make a profit.

[Bitinity]

Yes, you are right, and I agree with you. We should have a skillful in trading, and if we feel that we don't have those skills, then we need to learn and never stop before we can master the skills. I am sure that every people can be a master in trading, but it depends on how he can learn more about trading and how hard he will learn.
We have a chance to make a lot of money from cryptocurrency especially in trading, but we need to have skills to trade so we could be able to make a profit.

Learning and practice as much as possible, that's the key to be successful trader. Although I'm not interested to be full time trader, but I keep on learning although I do not practice to much.
Skillful alone is not enough to make profit in trading imho, as the result will always based on how the market goes by. We need the skills to predict, but we also need the skills to prepare something unexpected.

[arpon11]

Does this still works even with low volatility?

It still works and trading do work every time.  I will like to said that if you are a skillful investors or trader you can keep making money from the market because investments or trading opportunity exist every day and every time. We have many day traders that preferred the volatility of the market to remain low.

I guess you got lucky since the 2017 market have much movement than now.
[/quote]Trading is not luck but carefully analysis and been smart enough to buy at the right time/price  and been patient enough to hold till the market reach the pick.  It is risky but you can still make money if you can buy now that the price is still very low and sell when it starts going up towards $20,000 or $30,0000.

[1Referee]

Trading is not luck but carefully analysis and been smart enough to buy at the right time/price  and been patient enough to hold till the market reach the pick.  It is risky but you can still make money if you can buy now that the price is still very low and sell when it starts going up towards $20,000 or $30,0000.

Ok, so the only reason you say the current price is low is because of the all time high being $20,000? Doesn't make much sense at all, especially with how little time we actually spent around the peak. It was a hype driven peak that in no shape or form reflected the actual fundamentals, and that right is more or less what we are left with now the hype is over.

From a TA standpoint, the price is quite overbought and a correction is looming. There are some things that keep the bulls thriving for now, so we'll have to see how this plays out, but purely based on the probability of a profitable trade, it makes more sense to be short than long right now.

[traderethereum]

Yes, you are right, and I agree with you. We should have a skillful in trading, and if we feel that we don't have those skills, then we need to learn and never stop before we can master the skills. I am sure that every people can be a master in trading, but it depends on how he can learn more about trading and how hard he will learn.
We have a chance to make a lot of money from cryptocurrency especially in trading, but we need to have skills to trade so we could be able to make a profit.

Learning and practice as much as possible, that's the key to be successful trader. Although I'm not interested to be full time trader, but I keep on learning although I do not practice to much.
Skillful alone is not enough to make profit in trading imho, as the result will always based on how the market goes by. We need the skills to predict, but we also need the skills to prepare something unexpected.

And after that, the last thing that we should do is practice what we learn. Only by that, we will be able to make a profit, and with support of luck, we will make a bigger profit especially if we are in the middle of the bullish, I am sure that the profit will bigger.
And don't forget to prevent the big lose by analyze the chart and try to make the maximum profit as we can. If we cannot get the maximum profit, then we still have the other days so don't be sad.

[Haunebu]

Useful information for a newbie aspiring to become a full time trader, but you should have highlighted the risks and disadvantages which outweigh the advantages when it comes to trading in such a volatile market.

There were multiple ways of making it big during the 2017 bull run and trading was just one of those ways. Signature campaigns like Pearl were more effective in this regard.

[alisafidel58]

Does this still works even with low volatility?

Everything will work, you will still make a profit even though the increase is not that high.

I find it hard to make profits now with trading since the last dump. Most of the time I just imagine trading and doesnt really do an order. Afterwards, monitor it and try to see if there will be profits with what I imagined. Profits are just cents and it will not be worth the time and effort.

Profit will be low if you are trading with a low amount try trading with a large amount then your profit from trading will not be cents anymore.

I guess you got lucky since the 2017 market have much movement than now.

Trading takes time, to know when to trade right. Learn gradually and eventually, you will profit more than your previous income.

[maxreish]

Thank you for sharing your experiences to inspire every newbies here or even not the newbie but the members who are having struggles in trading. One thing I learned to achieve success like you is the DETERMINATION.
If we are able to input such determination in every trades, learning and reading some useful articles like what you have shared will be a great help for a trader to reach the goal.

[Carrelmae10]

https://www.forexpeacearmy.com, https://forums.babypips.com, http://pumperspicks.com/ultimate-altcoin-buying-strategy/

..I don't think that i will become a full time trader all though i trade sometimes..thank you for sharing this site to us..i will quote this and add this to my reference to study how trading works, this is very useful to newbies including me for i am still learning how to trade and gain profit through trading..truly this will serve a big help to us..

[pawanjain]

The sites you mentioned are really good to learn technical analysis and to learn the basic fundamentals candlesticks and other properties of charts and graphs.
But I don't think that it will be much useful to carry out profitable trades on cryptocurrencies. It might be useful to analyse the historic price of various cryptocurrencies but it won't be useful in predicting the prices of crypto.
In fact the crypto market is not meant for predictions at all since it is purely based on the demand and supply at that point of time.
Anyway, it is still useful in analysing the current market conditions so newbie traders should definitely go through these once before they start trading crypto.

[r1a2y3m4]

Thank you for these sites you gave us. I'll be quoting these websites for reference. Because I will study too 

https://www.forexpeacearmy.com, https://forums.babypips.com, http://pumperspicks.com/ultimate-altcoin-buying-strategy/

Same here mate ,checking this later for my reference also since i was on my way

I have no idea about forex but i am more interested in both crypto and forex so this will be a big help if i find a good advices

A little bit off topic, I just want to answer Johnzky's question. Forex is Foreign Exchange you can buy stocks in here that is worldwide. Example, you can buy apple stocks, Microsoft stocks and many more. In crypto, you can buy bitcoin, and other crypto.

[Awesomus Maximus]

Forex is Foreign Exchange you can buy stocks in here that is worldwide. Example, you can buy apple stocks, Microsoft stocks and many more.

Strictly speaking, Forex is just for trading the national currencies, like USDEUR, USDCAD, USDAUD, and the other pairs. There are about 26 main forex pairs, and other less popular ones. Stocks are not related to Forex.