Wanna Know how to trade?

[pixie85]

you are right to some extent but not completely. Here fail is nothing but loss. So if you fail and fail, again and again, you are in too much loss, and that's why it's very important while trading to have a good experience.

So, the solution to this is paper trading where even if you fail there will be no losses and you can learn from it.

He's not right but completely wrong. Watch some of professional traders on youtube and you'll see that at least 30% of their predictions are wrong. Some of them have been doing it for literally decades first trading stocks and then Bitcoin and they still can't predict the price with more than 60% accuracy.

Don't get me wrong 60% is still good. Much better than you'd do gambling and with stop losses and no leverage trades they are pretty much safe but doing it for a long time doesn't make you an oracle.

[Innocant]

Ill think all of us in here are knows how to trade so that's why we here in crypto to trade some different some coins, But we have a different ways in comes of trading and attitude also. Some traders are always greedy to trade even if the price of the coins it have are in dip situation and Ill think it was not a good idea to being greedy must better we have a patience or to calm so we can aware for being fail in trading. And as you said if we fail in trading was a lesson for us actually that was so true.

[swivel1983@gmail.com]

You're right. Emotions are of great importance in trading. And not everyone can learn to cope with them either. I believe that highly emotional people who are painfully experiencing any setbacks should not trade until they learn how to manage their emotions.

[StephenJH]

l agree with you about that, we can make a lot of mistakes by trading and the mistakes will learn us how to make better than in the past. Maybe it can take a bit long time to learn that. But no doubt this continuance will make you strong as expected. We can call the experience as the best teacher and we can learn a lot from them.

you are right to some extent but not completely. Here fail is nothing but loss. So if you fail and fail, again and again, you are in too much loss, and that's why it's very important while trading to have a good experience.

So, the solution to this is paper trading where even if you fail there will be no losses and you can learn from it.

The market expectations and the ability to trade the volatility are first requirements before entering the trade. The experienced traders never accept losses in the long run with being stubborn, they change the situation on the favor after a few more trades. Failing is the part of the story if the trader can take the profit from the market in the long run.

[silversurfer1958]

I disagree with your opinion that the more failures a trade will lead to the key to future trading success. If you want to make a profit as a trader, you have to learn from famous people about trading indices such as Fibonaci, support line, resistance line, Eliot wave, etc. . Besides, you should join the famous Telegram groups specializing in trading to learn new knowledge.

[semobo]

Its easy to trade cryptos but its not easy to be profitable all the time, because even with all the analysis its not possible to predict the market movement accurately so being patience will help for long and mid term traders but day traders are just go with their luck.

Trading is an activity whose purpose is to make a profit which means that a trader must buy at a low price and sell at a high price. Cryptocurrency trading is not something easy, because there are many aspects that you have to consider before you trade and that is like exchange security, positioning, choosing trading assets, and so on.

Patience is something that must be in a futures trader or what is commonly called an investor, and it is different from daily traders. Day traders must cutlose if prices dump and they rarely hold assets until prices up again. On the other hand, choice random asset for trading, no analysis, just hoping for luck, this traders are the same as gamblers. Many things must be learned if you want to trade, and it is not something easy.

Even after every analysis the end of the day will be in profits or in loss based on our luck but if someone truly belives their luck on day trading will lose everything in short term. Day traders can cut lose their losses by concentrating on smaller margin trades so they have possibility to recover from the loss even if it is around 5 to 10% in a day.

[103deltafox]

Indeed you have to keep doing it over and over,no one is born an expert,most people we call experts have done it over the years with some extent of failure but with perseverance they conquered, do start some where, with those practical accts, also learn to read charts and then put ears to fundamental news,all these will guide you through.

[BeginToMine]

And I would say if you are learning to trade ensure you use small quantity of your funds to trade as a newbie so as not to loose much, as a new trader, there's tendency of failure before you gets perfect and understanding trading very well so trading with little quantity of your funds would help and the may you trade the more experience you have.

[HunterUnchained]

The best place to learn trading remains youtube. There is a good amount of resource lying on YouTube waiting to be harnessed and used at your own comfort, ultimately to build and make you a professional trader in no time. You can get to learn strategies from those who have used them, combine such training or learning by demo trading in an exchange like koinpro and finally, building a working strategy for yourself. If you are confident in what you have learnt and gained a reasonable amount of success from demo trading, you can then go live with your trading.

[kceekcee]

Don't be afraid of fail but don't use trading like gambling. Be careful, act after your own research. These principle are important, indeed. Be ready to loose some amount of money and never trade without clear understanding how much money you are ready to loose.

You have stated it just as it is reinforcing my ideas, but mind you failure in trading is not a principle.
Do not forget to learn proper trading principles, ta or fa, or chart anaylsis. and only invest amount that you are able to lose

[sandra_x]

The best trader do not actually have a 100 per cent consistent winning,-they just have more winnings than their loses. Trading is a competitive endeavour and it is a culmination of skills and accumulated experience. It takes a lot of conscious training/

[Flickkk]

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.

the problem about failure is if you already use all the money you have in first attempt . Greedy is the reasons why many people fail as long as they are greedy to earn higher amount in trading there is always possibility  to be lost in one mistake like waiting for another increase in price which is sometimes not gonna happen.

Its okay if you're honing your physical or some mental skill . Failure is where you will learn
But carelessly just risk with the money is a bad idea.
The best way is to watch good and learn from the good traders and learn how the wave is moving. And when to risk or not.
Because crypto is much different with stock market.
Read and read the news so that it will be your sword and shield in trading

[Nellayar]

Do you wanna know how to trade briliiantly, then you cannot be afraid,

I just want to rephrase, "then you are afraid."

In trading, you don't need to be brilliant just to catch your profits. What you need to do is to be more efficient when it comes in planning your execution. Reading and following trading rules and indicators will help you a lot to make your trades better.

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

It isn't assurance that if you failed again and again, you will become successful in your next trades. No matter how pro you are, you may lose in trading.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.

There is no such thing as an absolute truth. You can't win every trade consistently. No one ever predicted the market. You may lose even you know it all and you have experiences already. But one thing I can say, just don't give up.

[pawanjain]

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.

I doubt if anybody can 'consistently win' because luck is also one of the factors while trading.
Your psychology about failing again and again in order to win is absolutely right because I believe the same.
We should keep trying and failing in order to win in the next race but what you term as consistently winning is wrong.
Luck won't favour us all the time. We might fail sometime again but 'not stopping' is what we have to learn and keep going.

[Latines]

Everyone wants to learn how to trade. But the problem is that those who really know how to do this will not sell their knowledge. And those who think they know are happy to teach.

[Stanlo]

If you make too many mistakes in trading you will have no more coins to keep your trading alive, learn from your mistakes and readjust your strategy, learn to buy low and sell high, this is all I can share

[princeyeboah]

It is a good idea to start trading but I don't have that much time to spare. Managing cryptocurrency community, writing and doing video editing for projects take most of my time. I would love it if I'm introduced to an authentic trading bot that can do the work while I'm busy.

[gabbie2010]

Everyone wants to learn how to trade. But the problem is that those who really know how to do this will not sell their knowledge. And those who think they know are happy to teach.

Even some of those traders uses paid signals to generate income for themselves irrespective whether they are making profits consistently or not in their signals, however the best bet is to learn to trade.
Personally I had been into binary options and failed woefully however I had switched over to forex trading which I had been demoing and winning consistently hopefully I will go live soon.

[NavI_027]

Everyone wants to learn how to trade. But the problem is that those who really know how to do this will not sell their knowledge. And those who think they know are happy to teach.

Hmm, I agree somehow. But I believe that there are still good samaritans who pay forward . Aside from the unwillingness of few people, another problem I could see here is the distance barrier. I mean you will really find a hard time looking for a mentor if you are just only seeking here inside the forum or even in social medias. So as much as possible, a colleague who knows about daytrading is the best option but if there's none then you don't have any choice but to study hard .

[mdzahed134]

Everyone wants to learn how to trade. But the problem is that those who really know how to do this will not sell their knowledge. And those who think they know are happy to teach.

Even some of those traders uses paid signals to generate income for themselves irrespective whether they are making profits consistently or not in their signals, however the best bet is to learn to trade.
Personally I had been into binary options and failed woefully however I had switched over to forex trading which I had been demoing and winning consistently hopefully I will go live soon.

Mostly paid signals are provided from telegram groups, who guys lose money again and again they will turn into paid signals to recover their previous losses, i have no experience so don’t know how much it will success. Lazy traders didn’t use their brain to learn. You gained so many knowledge from your mistakes that is why you winning, live trade is hard than demo.