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Author Topic: How to systematically learn to trade crypto from being a newbie?  (Read 297 times)
Theb
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November 20, 2019, 06:14:56 PM
 #21

Trading in cryptocurrency is a lot easier, but this thing needs a lot of practice. all of the time you will faced trials and errors. you don't need to use trading bots in your first few days of trading because this is some critical time if to learn it the hard way until you are done trading manually, then you decide if you want to contnue or not.

Well trial and error can be done smartly by not risking any cash through the usage of portfolio management apps such as blockfolio and do your mock trade in there. But I wouldn't go on doing mock trades first as you need to learn everything from technical analysis and apply what you have learned from your trades. Basing it from my experience this was really a good introduction for me in trading since I didn't risk any money in the first place and this was like a test for me to see if I can really handle it in the real market which I did. Also looking at the analysis of others really help as you can learn different techniques coming from other persons and you can even observe it if what they are doing is right.

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November 20, 2019, 06:20:55 PM
 #22

other than reading you can try to paper trade, try simulating a real trade with real data (btc usd exchange rate as example) until you feel confident to move on to real trading.Smiley
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November 21, 2019, 10:38:27 AM
 #23

There is a lot of knowledge on the internet, be it facebook, youtube, and here. You can learn a lot from experienced people, but the most important thing is that you need to synthesize and draw experience for yourself. All the successful traders I know have learned from their mistakes. And the important thing to remember is that not everyone can become a trader in the cryptocurrency market, if you are not able to become the best trader, you should never try.


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November 21, 2019, 12:15:56 PM
 #24

Experience is a matter of time so be patient and learn from your mistakes. That's the main rule for beginners imo. Moreover, you can find many professional forums or blogs on the internet so use this. Another thing is to have a user-friendly exchange which helps you to become good in trading. I mean something like CoinDeal where you've got features like Galaxy Score which could help you to decide when is the best time to buy/sell and which coin.
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November 24, 2019, 02:45:25 AM
 #25

In my existence here in this world the best way for me to learn anything i have completely no idea about is through using the internet, videos to be exact because yes books can also be very useful but let us face the fact that a lot of us wants to watch rather than to read and after you have learned the fundamentals of trading you can do paper trade or trading simulator so that you can get familiarize of the market and your techniques and then after that you'll get enough experience to enter real trading.



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nakamura12
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November 25, 2019, 07:33:18 AM
 #26

In my existence here in this world the best way for me to learn anything i have completely no idea about is through using the internet, videos to be exact because yes books can also be very useful but let us face the fact that a lot of us wants to watch rather than to read and after you have learned the fundamentals of trading you can do paper trade or trading simulator so that you can get familiarize of the market and your techniques and then after that you'll get enough experience to enter real trading.
To be exact, not only videos will able to help you on what we should learn first about trading. Inforgraphics is another way on making it easier for us to learn to trade. It is also important to know terminologies and know exactly what it means. I'm sure you know about infographics and how it helps many users understand easily even if it's not a video that you can play.

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conex (OP)
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November 25, 2019, 07:41:50 AM
 #27

In my existence here in this world the best way for me to learn anything i have completely no idea about is through using the internet, videos to be exact because yes books can also be very useful but let us face the fact that a lot of us wants to watch rather than to read and after you have learned the fundamentals of trading you can do paper trade or trading simulator so that you can get familiarize of the market and your techniques and then after that you'll get enough experience to enter real trading.
To be exact, not only videos will able to help you on what we should learn first about trading. Inforgraphics is another way on making it easier for us to learn to trade. It is also important to know terminologies and know exactly what it means. I'm sure you know about infographics and how it helps many users understand easily even if it's not a video that you can play.
Agree with both. What do yout think, are there more people which would like to earn cryptp through reading lessons or watching videos online?

“If you personalize losses, you can’t trade.” – BK
conex (OP)
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November 25, 2019, 07:43:56 AM
 #28

There is a lot of knowledge on the internet, be it facebook, youtube, and here. You can learn a lot from experienced people, but the most important thing is that you need to synthesize and draw experience for yourself. All the successful traders I know have learned from their mistakes. And the important thing to remember is that not everyone can become a trader in the cryptocurrency market, if you are not able to become the best trader, you should never try.
Getting our hands dirty is key in my opinion. Trading simulators do the job but when there's real money to be played with, everything changes..especially emotion. Which are the best simulators? Altcoin Fantasy?

“If you personalize losses, you can’t trade.” – BK
boris singer
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November 25, 2019, 08:31:38 AM
 #29

To be honest, a quick way to learn crypto trading is to measure the emotion of loss in trading directly, only need to learn a brief theory and the rest try to trade directly.

I mean by this loss, we tend to understand what needs to be done, and look for the cause by googling directly from the condition that is being experienced. Emotions that arise will trigger mastery indirectly.

The unattractive thing is that we spend capital without getting profit first because experience is sometimes expensive.
Taskford
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November 25, 2019, 10:38:08 AM
 #30

In my existence here in this world the best way for me to learn anything i have completely no idea about is through using the internet, videos to be exact because yes books can also be very useful but let us face the fact that a lot of us wants to watch rather than to read and after you have learned the fundamentals of trading you can do paper trade or trading simulator so that you can get familiarize of the market and your techniques and then after that you'll get enough experience to enter real trading.
To be exact, not only videos will able to help you on what we should learn first about trading. Inforgraphics is another way on making it easier for us to learn to trade. It is also important to know terminologies and know exactly what it means. I'm sure you know about infographics and how it helps many users understand easily even if it's not a video that you can play.
Agree with both. What do yout think, are there more people which would like to earn cryptp through reading lessons or watching videos online?

Actually right we cannot rely only on videos but if this is the only resources can avail with since he don't have money to stay on trading class then maybe this is a good option there are video trainings has been posted on youtube and certain techniques and other fundamentals can be trade with and also there are site who offer a test money to trade on and by there you can try your skills acquired if it's working for you or not.

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