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Author Topic: Is this a good plan for learning tradning ?  (Read 1874 times)
john_nautica
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June 26, 2021, 03:53:03 PM
 #161

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 firmly believe that no plan that is meant to learn is a bad plan. Regardless how big or small that thing that you want to learn, it is a good plan. But of course, when it comes to trading it is important to have an actual experience in order to learn on a deeper context and grasp the whole process. So yes, in text learning is important but so is actual observation and experience.

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June 26, 2021, 07:39:32 PM
 #162

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.
Demo accounts can be a decent way for you to familiarize yourself with the platform you have chosen to trade however besides that I do not see too much need for demo accounts and the reason for this has to do with the fact that since you are not using real money then you are not going to face the same challenges that you will face when you are actually trading, so while you could apply your strategy perfectly when you are trading with your demo account you may find this to be impossible for you when you are finally trading for real money.
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June 26, 2021, 08:00:14 PM
 #163

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?

Learning any new skill is always worth it. Just make sure you don't give up your job and full time trading until you have a solid plan in place and at least some savings to help you cushion any unexpected situations. And don't use leverage until you consider yourself at least not a novice.
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June 28, 2021, 11:22:20 AM
 #164

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.
mastering trading skill really give us financial freedom, everytime everywhere we can earn money by open a chart and open transaction. Alot of people hope they could be an expert in trading world, either in forex market, stock or even cryptocurrency market. we have more time for family but we also could have alot money too, really work that dreamed by most people.

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June 28, 2021, 11:57:13 AM
 #165

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.
mastering trading skill really give us financial freedom, everytime everywhere we can earn money by open a chart and open transaction. Alot of people hope they could be an expert in trading world, either in forex market, stock or even cryptocurrency market. we have more time for family but we also could have alot money too, really work that dreamed by most people.
Another downside of family life when you trade. It seems to everyone that you seem to be sitting, clicking, laughing, like doing nothing and money coming out of nowhere. And when the exchange rate fell and you realize that we are in the red by hundreds of bucks, so it seems everyone is already worried, because you have such an important matter
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June 28, 2021, 05:18:02 PM
 #166

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?

As a new trader or maybe a newbie, trading is not just reading books online with the hope that it will stick to your head when you don't have a guidian or a mentor that will guide you through the journey of being a successful trader. A lot of beginner's had started like this and ended up dropping out of trading just because of frustration of losing money or maybe not having adequate information on some aspects of trading.

Sometimes the problem of not knowing what should come first might be frustrating atimes. Learning how to trade is versatile with so many information to learnt, so if you choose to read books alone without grinding your knowledge on the most important things, then you might just be running around the bush without being a good trader
goldade
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June 28, 2021, 08:25:03 PM
 #167

What better plan do you have to get it best out of trading if you don't actually learn how to trade. Since you already indicated interest in trading (you've taken some courses), then I think it wouldn't be so difficult to master your skills.
It'll be good to practice what you learn before venturing into trading fully. I would have advised that you use a demo account but it wouldn't require you to be serious in a way since you'd lose nothing if things go south. It is rather recommended that you practice trading with an amount of money you're willing to lose if you make irrational trading decisions. You'd be more intentional about the decisioyou make if it means you'd lose something

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June 28, 2021, 09:11:09 PM
 #168

Another downside of family life when you trade. It seems to everyone that you seem to be sitting, clicking, laughing, like doing nothing and money coming out of nowhere. And when the exchange rate fell and you realize that we are in the red by hundreds of bucks, so it seems everyone is already worried, because you have such an important matter
It's because you're the one who's needed to make money. There are traders that are not the sole bread winner of their family and they're good already in trading.

If one has started while he's still young and became a trader, he'll bring it until he gets old and for sure he'll get an early retirement. That's how trading goes for a family person.

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June 30, 2021, 12:50:49 PM
 #169

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.
Certainly, that’s one of the good things with forex trading that you don’t need a big amount to start. So many brokers allow trading with as little as $10.
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June 30, 2021, 01:33:30 PM
 #170

That's a good plan but if you want to solidify your foundation in trading, you might want to experience trading too and there's a lot of paper trading or demo trading out there that you can use to practice trading without any worry of losing money and there you can try anything you want without any worries.
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June 30, 2021, 02:18:48 PM
 #171

~snip

It is a good plan but just like school and graduating to have work, you won't experience the real world unless you try it yourself. Those just explain only stuff about trading but it doesn't include what you will experience doing it and how to overcome it. It doesn't even have a topic about risk management which is important to learn when you want to trade. Some traders I know only knows the basic fundamentals but they still do good in trading. To be a good trader for me is not just all about good in fundamentals or theories but also good in dealing with their own emotion too.
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June 30, 2021, 06:40:07 PM
 #172

Another downside of family life when you trade. It seems to everyone that you seem to be sitting, clicking, laughing, like doing nothing and money coming out of nowhere. And when the exchange rate fell and you realize that we are in the red by hundreds of bucks, so it seems everyone is already worried, because you have such an important matter

This is definitely a problem, as we know the pandemic forced a lot of people to work from home and while this was good in order to avoid to expose yourself to the virus, working from home has always had some kind of stigma, basically people think that you are being lazy by not going to your workplace and just working from home, something that could not be further from the truth and if you are your own boss and you are a trader this is a stigma that will be there with you and maybe even some family members will think the same despite this not being true at all.
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July 01, 2021, 01:55:08 AM
 #173

Yes i think because if you want to make profit from the crypto market then you have to learn crypto trading for making a good profit. Because if you invest some money in the market then profit comes in few ways like staking or holding and trading but holding or staking for long time but if you expert in crypto trading then you can make profit within short time of period. So i think for learning trading will be good plan for future benefit. So if any one wants to make money in the crypto currency market then learning trading is more important.
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July 01, 2021, 02:17:14 AM
 #174

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?

When you gain knowledge then it cause no harm to you.
Rather gaining knowledge makes you more smart and intelligent.
But I would say here in Trading this book is of extra thing.
I can understand that you want to do trading as full time, but still no use of that book and articles.
Many great traders learnt trading themselves through experience.
So as you start trading you will gain knowledge and experience and you will succeed soon.

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July 01, 2021, 12:42:38 PM
 #175

It doesn't even have a topic about risk management which is important to learn when you want to trade. Some traders I know only knows the basic fundamentals but they still do good in trading. To be a good trader for me is not just all about good in fundamentals or theories but also good in dealing with their own emotion too.
Learning about crypto trading must be a long process but out of hurry most people are missing out most important aspects of preparation of trading; risk management and emotion control are most important things in my opinion as well but people are giving priority only for technical and fundamental things and leaving off others to learn when they come into real market but I believe that cannot be a right approach for making one person to be a successful trader in this crypto environment.

Newbie traders must take time to analyze what are the things they need to study before plan up for the learning process of trading. So that they will not miss any of important aspects. Covering everything alone will get sufficient knowledge about successful trading.

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July 07, 2021, 03:09:46 AM
 #176

Its very important because people have made millions by trading. Only that you should take your time to learn the skills first and secondly you have to be very disciplined
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August 01, 2021, 12:21:27 AM
 #177

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?
Well to make it short I think studying about trading is good enough and you also need to trade in actual like basic trading and take note of you still a newbie never use big funds for you are still in a learning stage it is more safe for you to do trading with a small amount of capital only used a big capital when you are on a middle stage, it also need times don't make trade in a rush way you will always end up losing.
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August 01, 2021, 09:05:21 AM
 #178

As learning is the basic of trading, if you don't know about the coins and don't have to analyze them then definitely you don't have to be in profit. The main thing is that you got some benefits from these books which eventually be a better solution for you to get profit.

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August 01, 2021, 09:28:47 AM
 #179

As learning is the basic of trading, if you don't know about the coins and don't have to analyze them then definitely you don't have to be in profit. The main thing is that you got some benefits from these books which eventually be a better solution for you to get profit.

The bottom line of trading is to have a knack and success in trading so as to realize the gold mine at the right time.

With the present years and the emergence of the blockchain technologies like Bitcoin, Ethereum and Ripple, the market has been made abundant with many coins and tokens. So, it is a good idea to try new strategies in trading by learning from the good experts in the market. Once you know the best strategies, then you can start to trade and become a good trader in crypto world.
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August 02, 2021, 01:48:52 PM
 #180

If you want to be a good trader you should learn and read and analyze the coin. because you can see most of the top trader whenever, they are predicting some coins they first have to analyze them, after that their prediction is right at a certain percentage. So, it is  a good one i hope it will help you,

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