Is this a good plan for learning tradning ?

[Fatunad]

Building a career in trading is good! I am sure you will find a job very quickly after your certification! Trading cryptocurrency is however very delicate and require expetience and fundermental approach to analysis of trading! In cryptocurrency, 200% in 6months is a failure for some traders whereas, 200% in 2 years in other market is a huge sucess!  Trading  can be exhustive but you must know your onions!

but the crypto market also has a greater risk, because with great volatility it will certainly make the value of our assets go up and down drastically. I think 200% is a good number in the crypto market or otherwise, because it all depends on each individual's R&R calculations. and for a long time like that, of course, something that must be fought for, especially as a novice trader

When we are tending to deal with trading then we shouldn't really make hurry for ourselves to make profit but instead be mindful on how you would sustain yourself
into this market on the strategies and ways or methods that you would use along the way.This should be your priority rather than focusing itself for you to make money or profits because desperation would really come in the way if you do have this kind of mindset which we should really be lessening it out. Sustain is all we need
because once we do get sufficient experience,skills and knowledge then for sure we would really make profits as we go ahead and that what matter most.

[MCobian]

In the event that stock or forex exchanging, you can begin with demo account, you can begin with watching exchanging recordings if crypto, there are a ton of recordings accessible in any event, for the three kinds of exchanging. By perusing you will for the most part find out about the hypotheses and those speculations don't work the vast majority of the occasions since the market developments are significantly more confounded than them.

Is a demo account necessary for a beginner trader? Link to the thread: https://bitcointalk.org/index.php?topic=5341101.msg57127761#msg57127761

I think it's a great plan to learn about trading! Let's not go into how you plan to do it... with demo versions or with some initial capital! Will you start with Bitcoin or some other coins, will you try following some trading signals... Any path can be a good path, in the end, everything depends on many factors! What's important I think is that trading can be anyone's side activity! Nobody is forced to trade every day all day! You can be a short and long-run trader... you can adjust your trading with your free time! There's a lot of activity around the globe, so any time for placing orders can be a good time for trading with some coins!

Learn how trading works, and most importantly learn how to make it work (to be profitable) with the time and money you have!

I agree demo account is very important, especially for newbie. Because what must be understood is trading is not just buying at low prices
and sell it at a high price. Trading is more complicated than we think, so in order to understand trading you must learn to trade well. We must
plan as well as possible how to learn to trade, one of them can use a demo account to find out how trading works without having to use real money.

[Bitum]

I looked at the prices, i think they are way too expensive. Today you can even watch very high quality videos for free on youtube that will convey a certain basic knowledge. So, personally, I would never buy anything like that

[Mistafreeze]

, is it a good plan?

There is always room for learning and there's no harm in trying new things but you need to also know the risk involved in trading and you should try to focus on the kind of trading you want to learn, we have Fx, stock and crypto trading whatever you chooses to learn go deep into it but don't make it a career; no one is a successful trader it all gamble.

[Hamphser]

, is it a good plan?

There is always room for learning and there's no harm in trying new things but you need to also know the risk involved in trading and you should try to focus on the kind of trading you want to learn, we have Fx, stock and crypto trading whatever you chooses to learn go deep into it but don't make it a career; no one is a successful trader it all gamble.

I highly disagree on that bolded part that i have put up above on where in talks of career then it can really be possibly be done Hence lots of traders had already make this as a full time job and this is indeed risky but doesnt literally means that this is gambling.

It is just really depending on how you do deal with it because there are people whom really thought that trading is just simple as it sound but once they had step their foot in then they would really realize things.

If Trading couldnt be a career then you wouldnt see successful ones into this market if its all gamble.You can choose neither you do go full time or not.

[SystemTrader]

you need practical learning as well I think. I would encourage you to go for backtest and papertrading for months and see how you are dealing with past trends, reversal, etc and also try yourself out based on live data as well. see what are your weaknesses and strengths. Then I would suggest you start with small steps on real trading. Improve your emotional durability and improve your trading discipline.

[DoublerHunter]

you need practical learning as well I think. I would encourage you to go for backtest and papertrading for months and see how you are dealing with past trends, reversal, etc and also try yourself out based on live data as well. see what are your weaknesses and strengths. Then I would suggest you start with small steps on real trading. Improve your emotional durability and improve your trading discipline.

^ It is definitely right and you have a point on this, a backtest could definitely improve your skills in trading and experience like you are in live trading. You can do it on tradingview.com and experiencing those technical analyses that could possibly happen. But believe me or not, there is no guarantee of making a profit in trading, so prepare yourself for the circumstances that will probably happen. It could use a small amount to test your ability in trading and then go for the amount that you can afford to lose. I think the most important is the trading plan and always stick to the plan whatever happens to the market price.

[angrynerd88]

Its really great idea to learn about trading and this skill will pay you for life.There are many tools to learn but the most important point is concentration and sincerity.Social media is great platform to learn , perusing books, hearing from dependable sources of data is fair a way to building a solid exchanging establishment and you right.Trading is not an end learning process, every trading experience serves as a learning process.Trading is all about some time will achieve expected profit and also chance of loosing but never forget to put stop loss to minimize the loss.Pas experience is an asset must learn from past mistakes and avoid to repeat it.

[livingfree]

you need practical learning as well I think. I would encourage you to go for backtest and papertrading for months and see how you are dealing with past trends, reversal, etc and also try yourself out based on live data as well. see what are your weaknesses and strengths. Then I would suggest you start with small steps on real trading. Improve your emotional durability and improve your trading discipline.

Sets of virtual trading or simulations.

From that, there will be an understanding of how trading really works and how much you can gain and lose within a span of minutes of committing your trades.

And as the real trading starts, always start with a small amount. So if you lose, you'll get the knowledge and lesson but will be fine losing that money.

[Naficopa]

Thats a good approach to learn trading first through books and courses. You have completed first step of mastering trading. As a next step, invest small amount of money and try to implement things which you have learned and see whether they work or not. This will help you in creating your own investment strategy.

[pawanjain]

i watched a couple of courses and read a couple of books, and I liked trading as a career  and I want to solid my information and skills
I saw this article about which books you need for your CMT test, which I'm thinking of taking them as a study plan for my trading career
here are the books and the article
https://www.tradingsetupsreview.com/book-list-chartered-market-technicians-cmt/
, is it a good plan?

Courses and tutorials are definitely a good way to get started but you will also need real experience in trading because that's when you will learn how the market behaves in real life.
I did the opposite and started trading without any knowledge of it and ended up in losses. Although I lost I did get a good exposure on trading.
Then I learnt how to trade and started trading again. I ended up in no loss no profit since I lost half of the trades and made profit on others.
I am learning more these days and hopefully start making good profits in near future.

[Lanatsa]

i watched a couple of courses and read a couple of books, and I liked trading as a career  and I want to solid my information and skills
I saw this article about which books you need for your CMT test, which I'm thinking of taking them as a study plan for my trading career
here are the books and the article
https://www.tradingsetupsreview.com/book-list-chartered-market-technicians-cmt/
, is it a good plan?

Courses and tutorials are definitely a good way to get started but you will also need real experience in trading because that's when you will learn how the market behaves in real life.
I did the opposite and started trading without any knowledge of it and ended up in losses. Although I lost I did get a good exposure on trading.
Then I learnt how to trade and started trading again. I ended up in no loss no profit since I lost half of the trades and made profit on others.
I am learning more these days and hopefully start making good profits in near future.

Write ups and theories wont really be much effective if you wont really experience for yourself on the market and that's the way on making out trades even on a very small amount which you would just simply test out on how the platform works or about terminologies and other aspects.

Learning trading isn't something that anyone could achieve because it would really takes time and lots of effort before you would able to reach a certain point on where
you can already sustain yourself on playing with moving prices.

There are various ways of trading and its up to someone on which one they would much prefer.

[CapGelatik]

Thats a good approach to learn trading first through books and courses. You have completed first step of mastering trading. As a next step, invest small amount of money and try to implement things which you have learned and see whether they work or not. This will help you in creating your own investment strategy.

It's true that without us trying it directly, of course we won't know what we learn is just in vain or is it successful.
and indeed my advice is the same, namely when you try it use a little money so that when you fail you can learn it again,
what is clear is that learning to trade is not easy and requires a lot of effort

[alik111]

Delete

[Jocuserious]

Every business needs a lot of practice so the more practice you have the more qualified you will be and the more profit you will make. I have Saran that i started trading one year later and i have been researching trading for quite some tim. Business requires practice as much as money. However to get something good out of the crypto market you have to constantly fight.

And even if you fail, just do it again but learn from the mistakes but always remember to know the time to quit since you have a limited funds and you don't want to drive away your social circle just to pursue something that you failed a lot of times.

learning is the key to success for business people. The more you practice a business, the more qualified you become. I know it took me many years to learn trading and within that i lost a lot of money. Also now I am more busy with trading because i am fascinated by the low profit every day which is much better than investing.

[imstillthebest]

Learning has never been bad but it will be bad if the books are for sale at a higher price and you as a poor person don't have a money to afford it but you can look for alternatives and there's must be something that are good but cost cheaper or even better if it's free .
Learning trading doesn't need to be expensive and theres no real guarantee that you will not incure a loss after you own those books .

[Lordhermes]

Learning has never been bad but it will be bad if the books are for sale at a higher price and you as a poor person don't have a money to afford it but you can look for alternatives and there's must be something that are good but cost cheaper or even better if it's free .
Learning trading doesn't need to be expensive and theres no real guarantee that you will not incure a loss after you own those books .

Reading courses online and attending classes will help op trading career very well, if op has choosing to be reading courses for him to be a successful crypto trader, that's fine and I support him to do so. Besides, not all books are expensive and the little one you buy will at least reach you what you haven't known before about trading, I have not choosed trading because I haven't learnt the basic tools needed, I prefer holding because that's the way I think I can be successful as a crypto enthusiast.

[clorasteinberg]

Reading books and taking tests like CMT is all good. At the same time, you need some real practice too. To know whether your ideas are worthy and will work in live trading, you can try them out in demo trading platforms. You can check out brokers like turnkeyforex for demo trading, where the only difference is the use of virtual money. And it takes a few minutes to open your demo account without providing any financial information. You can use such resources to solidify your trading career.

[livingfree]

At the same time, you need some real practice too. To know whether your ideas are worthy and will work in live trading, you can try them out in demo trading platforms.

Taking real practice with real money is the best of them all.

Those theories, strategies that you've read with the books will be applied. Having the actual trading experience will build yourself confidence and will learn the mistakes that you will do.

It won't hurt you to try with little amount as this is the beauty in trading, you don't need that much to start.

[Tahsin Kabir Kollol]

Trading as a career can be considered a good medium if you can master it well. There are various means of trading such as forex cryptocurrency and stocks. If you can gain experience and the right skills in trading, you can certainly succeed financially.  However, gaining skills in trading is not an easy task as you need to gather information from different sources and practice them in the long run. On the other hand, since the risk is directly involved in trading, it is important to exercise caution. So it can be said that learning about trading is a good idea and it is possible to build a successful career through it.