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Author Topic: What should I study to learn how to trade?  (Read 1564 times)
Globb0
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December 04, 2020, 09:11:14 PM
 #141

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December 04, 2020, 09:53:36 PM
 #142

I try myself to predict the market of the particular cryptocurrency for trading. I don't succeed all the time, because my prediction will be associated of random choice. This means I open up a sell order to get executed for specific price, and if it didn't get executed within the target time I'll change the selling price target cancelling the previous order. Same is being followed at the time of buying. I find it simple as I wasn't completely into day trading.

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December 04, 2020, 10:05:52 PM
 #143

I try myself to predict the market of the particular cryptocurrency for trading. I don't succeed all the time, because my prediction will be associated of random choice. This means I open up a sell order to get executed for specific price, and if it didn't get executed within the target time I'll change the selling price target cancelling the previous order. Same is being followed at the time of buying. I find it simple as I wasn't completely into day trading.

Oh yeah you reminded me there are sites where you can "play" trade with play money to test how is your learning coming along
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December 05, 2020, 03:15:16 AM
 #144

I try myself to predict the market of the particular cryptocurrency for trading. I don't succeed all the time, because my prediction will be associated of random choice. This means I open up a sell order to get executed for specific price, and if it didn't get executed within the target time I'll change the selling price target cancelling the previous order. Same is being followed at the time of buying. I find it simple as I wasn't completely into day trading.
Oh yeah you reminded me there are sites where you can "play" trade with play money to test how is your learning coming along
People might disagree about my opinion, but personally I'm against trading using play money or to be precise a "demo account". Yeah you can learn something and try out your strategies before implementing it into real-case trading, but you can not experience something like emotional and human nature once you trade with your real own money, the experience is really different.

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December 05, 2020, 05:07:25 AM
 #145

Well there are different things you should learn and for sure most of the members will give it to you but for me when I start to make trade these are my considerations.

1. Identify the coin which is suitable for your trading.
2. Find a good exchange which secured.

Before starting trading.
1. Learn what is candlestick
2. Learn the candlestick pattern
3. Use technical indicators
Such as:
3.1 Moving Average Channel (MAC)
3.2 Moving Average Converge Divergence (MACD)
3.3 RSI, these are just examples

I created a thread about MACD
https://bitcointalk.org/index.php?topic=5255303.0 you can check this too

4. Keep updated on the news about the coin mostly those are the cause of the event of the pump or dump.
5. Funds this is the most important "Don't trade that you cant afford"

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drlukacs
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December 06, 2020, 04:05:35 PM
 #146

I try myself to predict the market of the particular cryptocurrency for trading. I don't succeed all the time, because my prediction will be associated of random choice. This means I open up a sell order to get executed for specific price, and if it didn't get executed within the target time I'll change the selling price target cancelling the previous order. Same is being followed at the time of buying. I find it simple as I wasn't completely into day trading.
It's also a pretty good strategy and I guess you're good at buying / selling force analysis. This is also considered a wise way of trading and it helps us get rid of greed, which makes thousands of traders fail.
There was a time when I had a trading strategy similar to yours and it was quite effective against volatile market situations. If the candles formed are not the same as our target then we will cancel the order and lose some fee instead of losing a lot of money. But this strategy is only for those who are patient and have a lot of experience in trading. Am I right, bro?  Grin

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Globb0
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December 06, 2020, 05:51:32 PM
 #147

Don't trade at a loss is a good discipline to learn.

You may be stuck holding sometimes for a few weeks or a month but patience is probably the most important part of the game.


The traders want to convince you to act now.

"Its going up!"

"its going down!"

Buy Sell etc.


*edit*
Don't be too eager to go along with the narrative. Look for the genuine signals!
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December 07, 2020, 07:10:11 PM
 #148

3.1 Moving Average Channel (MAC)
3.2 Moving Average Converge Divergence (MACD)
3.3 RSI, these are just examples
I am using WMA, SMAA and Stoch as my indicators. I'm pretty satisfied with the outcome since these indicators are so easy to understand for a person like me and it can be implemented in any coins as long as it meets the requirements. I might probably trying out other indicators to see the difference on other scenarios like yours.

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December 07, 2020, 07:21:56 PM
Last edit: December 08, 2020, 10:15:57 AM by Globb0
 #149

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December 09, 2020, 05:13:04 PM
 #150

trading may require only $ 50 in capital, you can buy altcoins when the price drops sharply,
and hold until the price rises, indeed the profit is not much, but if you are persistent, you will get a lot of profit
While a small capital is going to be good enough to learn the basics about trading there are several problems with that, one of them is the fees with a capital that small a great deal of whatever profits you make are going to be eaten by the fees, also another big problem for all of this is that even you become profitable your capital is so small that you are not going to learn how to trade properly when you use an amount of money that is more significant to you and you are going to make mistakes simply because of the pressure of trading so much money that you did not had before.

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December 11, 2020, 08:59:33 PM
 #151

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December 11, 2020, 11:30:34 PM
 #152

trading may require only $ 50 in capital, you can buy altcoins when the price drops sharply,
and hold until the price rises, indeed the profit is not much, but if you are persistent, you will get a lot of profit
While a small capital is going to be good enough to learn the basics about trading there are several problems with that, one of them is the fees with a capital that small a great deal of whatever profits you make are going to be eaten by the fees, also another big problem for all of this is that even you become profitable your capital is so small that you are not going to learn how to trade properly when you use an amount of money that is more significant to you and you are going to make mistakes simply because of the pressure of trading so much money that you did not had before.
I think starting into trading with a small capital is just good enough since you are still subject for more losses than making profits. Study the basics first in trading not just by reading alone but watching trading demos in youtube could be a great help. Once you have develop your own strategy in trading, then you may start trading with a smalk amount. Learn to know about technical and fundamental analysis so you will be guided on reading the price movement of the coins you want to trade.

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December 12, 2020, 01:05:55 AM
 #153

Can someone point me to where I should begin?
First is learn the basics and fundamentals you needed in trading, buy low sell high might sound easy but trust me once you are the one trading you will find some hard times buying low and selling high.

And one more question: What is the minimum amount of money needed to start?
About the capital for you to trade. Personally I started trading with just $100 and turned it to around $500 I guess in 3 months and I know many person who didn't started with big money some of my friends even started lower at what I have used before and now their holdings are big. Big or small with the right trading strategy you can make it grow in time.

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December 12, 2020, 06:46:26 PM
 #154

Don't like suggest you to investment fund for trading perpose while you are totally unknown about basic things.if once you able to gathering ideas, you are free to deposit as much, you could loss to aford but don't be sobgreedy.truly its actually complicated to give advise about crypto trading to a newbie but at the beginning focus the last twenty cadles movement and try continueously to understand how the price get dump & then pump again. If you can figer out those up & down target, you would have understand the basic almost and then you can get offer to buy currency with low price & sell those at higher.that also helps you to understand, when to trade and when not to

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╙ ›››››››››››››››››››››››››››››› BUY NOW ‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹ ╜
Tahid12
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#SWGT PRE-SALE IS LIVE


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December 28, 2020, 04:04:11 PM
 #155

Treading is not simple process in actual.indeed it isn't possible to be an trading expart within little time.you may google about it & cam read some blog, article as well as watch such related videos on youtube. I believe those would help you to done your basic.have to give more time on that project which you selected for trade.before get started, should know pros and cons about that.don't buy anything if that already raise high.do start with small amount, try to buy low & set the goal that you want to achieve

SWG.ioPre-Sale is LIVE at $0.15
║ 〘 Available On BINANCE 〙•〘 FIRST LISTING CONFIRMED 〙•〘 ✅ Certik Audited 〙 ║
╙ ›››››››››››››››››››››››››››››› BUY NOW ‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹‹ ╜
Imran232
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December 28, 2020, 04:21:23 PM
 #156

If you want to study about trading then you should start about technical analysis. Which is a most profitable trading course, tricks, strategy what ever you can say. If you will be able to technical analysis about any crypto project then trading will be easy for you. By technical analysis you can understand about trading view chart, you can analysis price chart view which will really helpful for any kinds of trader. It is best work for sort and long traders. I think it is a most profitable trading course you can say. So if you want you can choose. Remember that trading is not easy or it  is not hard also. If you expert it will be easy. So learn first.   
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