Is this a good plan for learning tradning ?

[gamer4156]

Exchanging is no-halting learning, each exchanging experience fills in as a learning cycle. We may lose, we make a benefit, we even gain more from these things and that is an apparatus for us to improve and prevail later on. That will give you more experience then you can gain from it. That is the significant thing in exchanging, you need to learn numerous things on it and whatever you've learned through perusing.

[LordMiguel]

I am in their need of 500usd to topup my account. i think in the worst period of my trading of the year. i never know how i managed to pull loads of money here but i am currently down seriously by 60% and may fall below if things don't work well. i just need to resurface back.

[martina14]

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?

I cannot say its wrong dude, all is depend in your hands decision actually. Besides, there are a lot of way for us to learn trading here in cryptocurrency or bitcoin business. But in my own assessment, it is better for you to start with reading here in the forum, you will learn a lot things here just like what you did now you asked? to find out if you the things you are planning is right or not something like that.

[Zilon]

Trading generally is a good venture irrespective of the market you choose to trade be it crypto, stocks, currency pairs etc. Life has evolved and many people tend to get their source of livelyhood from online activities in which trading happens to be a key industry for most of this persons. Giving this a try for me is really encouraging. Been prepared for what ever you would encounter in your early days of trading is another thing to watch out for. Trading isn't a holy Grail and as such you should be expecting lots of losses before you would then appreciate your profit margin over time. Welcome to the hood.

[perfect999]

This was a topic started 2 months ago, people are still giving advice, if OP worked on his trading for this past 2 months and traded he would have probably been a decent trader by now. By the way we were in a big crash so do not be worried if you didn't made any profit, there are times when Warren Buffet declares a loss as well so there is nothing to worry about, look at 2008 or maybe it was 2009 I do not know Warren Buffet (or basically berkshire hathaway) lost money that year, and a good chunk as well not something small, recovered and then some later on but he did made a loss.

So everyone loses when the market is bad, do not be worried about that, it is about making a bigger profit later on and recovering the loss and then make some profit is the key. So let's say you start with 100, your goal is to have 1000 in 5 years, if you do that, doesn't matter if you reached 20 at some point.

[awik p]

First of all I will say that there is no bad time to learn any thing in life.
Crypto learning or crypto trading learning is the same. Yes now there are alot of platforms to learn about crypto trading. You can find free materials on youtube and i myself has bought a paid course on Udemy to learn about crypto trading

and of course the theory will be meaningless if we do not practice it, in other words the best teacher is experience. we have to trade a lot and evaluate every transaction that we trade, so that later we can become traders who can recognize the characteristics of the market

[newdevices]

First of all I will say that there is no bad time to learn any thing in life.
Crypto learning or crypto trading learning is the same. Yes now there are alot of platforms to learn about crypto trading. You can find free materials on youtube and i myself has bought a paid course on Udemy to learn about crypto trading

and of course the theory will be meaningless if we do not practice it, in other words the best teacher is experience. we have to trade a lot and evaluate every transaction that we trade, so that later we can become traders who can recognize the characteristics of the market

learning on youtube? yup i agree with you, because youtube can now have a lot of knowledge about trading, because many make videos about how to trade,
but if you don't apply it and don't try it then you will never be able to trade, this is it, indeed if we see people trading seems very easy to get profit,
but it will be difficult if you try it yourself, yes, failed? natural, because failure is the beginning of success

[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.

[LUCKMCFLY]

I have very different thoughts about the ways of trading, personally I really like to follow Wyckoff's theory and apply all the teachings of Jesse Livermore to the market, his way of thinking and how to attack the market when it comes against my trades, among other things. Also many traders do not really know how to distinguish when to speculate in the market and when to invest in the market, since the terms are very similar but have great differences, this article is very good to understand how Buffet's teachings can be also applied to the crypto market:

Take a Page from Buffett’s Playbook with Bitcoin Options from Hedget

By this definition, three elements make up an options trade:

Option type (buy or sell option)
A fixed price (or strike price)
The agreed period (after which the option expires).
For an options trade agreement to proceed, you as the trader (either the buyer or the seller) would have to pay a certain amount to secure the option. This is known as premium, it is merely a fraction of your trading capital.

Source: https://www.newsbtc.com/news/company/take-a-page-from-buffetts-playbook-with-bitcoin-options-from-hedget/

These teachings are applicable to the market, not only of BTC but to all.

[devollito]

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?

To be hinest i am trader since 2016, since we only can deposit with liberty reserve. The trading is not all about technical skill. The most important thing is the " mentality " of the trader and the " risk management ". You could buy the best book in the world which promises you the best technique but you will be lost if you can not manage your risk.
The mentality also can bring a result to not FOMO when the price up. and you can clearly saw where the market possibly move after.

[Kong Hey Pakboy]

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.

[Questat]

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.

Well, I hope it works the 2nd time around otherwise, you're definitely out from trading.
And talking about funds allocation, if you just have a limited/small amount to risk in trading, better not to try this thing. Why? I am just afraid that you lost them all before you learn to trade.

Trading is not all about learning from our mistakes, it is a need for us to know if we are in our comfort zone and if trading is totally what we wanted. Some just pretending to be okay but deep inside, they even ti struggle hard to find themselves in trading.

[DarkIT]

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?

It good to learn trading by practice of trading.Because trading is  practice procedure.You can start a trading with a inversement of 10 dollar.Because if you lose of 10 dollar is not a huge loss.Even u can buy any impotential coin, when the liquidity of that coin increased in trading exchange. You can get back the huge profit from it.

[sumant]

Yes we can learn trading, basic charts, market news etc. But trading has been a good job for the person who has accumulated experience over the years. With experience you can predict the chart and price very well. So learn some tricks and give time in trading will be beneficial for future.

[Smartvirus]

Well, your actually in the right direction  should you choose to study and make researches on trading techniques. Its a vital step towards knowing but then, trading is a practical thing and trading in actual can't be over emphasised enough to show how serious it is except for the fact that, many tend to shy away from trading because of the risk factor involved. Being too scared to loose becomes the beginning 9f your downfall. Its really bad yo loose but instead of being scared of loosing  your fears should establish for you a safety procedure to go about your trades and you should take your analysis very serious, ensuring you do it before taking a position in the market. Read and practice for you to be a better trader

[feelideb]

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!

[goldade]

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?

The thing with learning is that you don't know you've really learnt something until you've practiced it. While I am not against the fact that you should actualy take time out to learn trading, it would do you no good if you don't practice.
So as much as you want to trade, you should know that you'd need to practice trading. I'd suggest demo trading if you're just starting out but then you wouldn't be under the real pressure of trading. So the best thing is to use an amount of money that you can afford to lose and practice trading.

[andriarto]

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

[coiner-88]

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.

[iv4n]

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!