Trading skills and strategies

[Cindella]

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

[1714711851]

1714711851

[mk4]

Can you give us information on what you actually mean by "encrypted"? Because I really don't get how encryption related with trading. You might be totally misunderstanding what that word means.

[Cherylstar86]

Can you give us information on what you actually mean by "encrypted"? Because I really don't get how encryption related with trading. You might be totally misunderstanding what that word means.

I think what he/she meant about encryption is the modern asymmetric encryption methods which ables to secure by relying in it and also secure nature of transaction in blockchain. Cryptocurrency holders use private keys to verify that they are owners of their cryptocurrency. Transactions are secured with hashing and blockchain encryption techniques. But I think that begginers may have these strategies such as knowledge is power in any trading especially here in cryptocurrency. Learn to set aside funds, starts on small and be realistic about profits for you to earn good profit.

[john_nautica]

I'm curious too what do you mean by encrypted? I don't think you would be able to use that encryption on exchange since they will hold that for you, well there's a lot of strategies out there but it is up to you what kind of trader you want to be and there's an appropriate strategy for that and also I think it depends on the market what strategy you're going to use.

[Zilon]

Since you are new to trading I will suggest you try learning the simplest strategy that can give you profits then from there you can advance to a more technical analysis. Making sure your trading view is as simple as possible helps you understand faster how the market moves and determines the extent to which your profit and loss margin will collide. Stay focused on the tutorial get enough knowledge but avoid amigos adventures

[RokokGudangGaram]

I would like to ask what's the relation of the encryption? I think the encryption is more about the security and trading is all about trading different strategies have its own purpose. I think you should focus first on what kind of trader you are going to be so you would know what strategies you are going to use.

[Coin_trader]

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

Learn try to use indicator, fibonacci and price pattern for starter. I know that you stumble on this terms since you watch already youtube tutorial but try the simplest way as much as possible. If you are long timeframe trader, Use a long time frame chart like daily, weekly and monthly so that you can get the price trend in the long run and to avoid being FOMO when price is pumping. See the beginners setup for trading.

• Common Indicators Combo:

*MACD, RSI and Bollinger Bands
*200EMA & 50EMA

• Use Fibonacci to get the right price level to enter and exit.
• Then use price pattern to predict what will be the candle movement in the future.

Reference:
Indicators and Chart: https://www.tradingview.com/chart/
Fibonacci: https://www.investopedia.com/terms/f/fibonacciretracement.asp
Patterns: https://altfins.com/knowledge-base/chart-patterns/

[palle11]

My advise to Op is to make his learning process for himself so that he doesn't get lost in the process. Learning time is important. You need to be gradual, everything should be understood by you as a learner before you can get through. Encrypted or encryption is not a simple process for you brother. Learn properly and enjoy trading with ease.

[wahyu wida]

I think if you have found a suitable strategy, this is very good for your real trading capital. but I only suggest to be able to control your trading psychology. because the real psychology of trading is the determinant of success in trading. On the other hand, money management is also important to manage risk and reward so that they are proportional

[New.in.trading]

I had to learn a lot as well... Whatever you do, do yourself a favour, and make sure to trade btcusd with demo accounts only in the beginning. When you start trading, and beginn with cryptos, its like you would have never seen a car from the inside, but jump into a formula 1 car, saying "What could possibly go wrong?!"... So please, find a simple strategy that you can learn, and test it with demo money. After 2-3 months, go on and try it with TINY amounts of money. The more you learn about tradeing on the  way, the more you can add risk. Always keep in mind, Trading is basically fighting against the rest of the world. Fighting them studied ppl, those geeks with their algos, and the YOLO traders... You gotta be better than each and everyone out there. So dont take it too easy.

[ipanks]

I do not think trading needs that encryption knowledge as in trading. You need to learn the basic lesson that you can get from Youtube, as you say. You can learn how to buy low and sell high and make a profit and that does not relate to the encryption you mention.

The process in trading can be select the coin such as bitcoin, ethereum, bnb, or other coins. Start to analyze the coin moves by taking a look at the time frame, use indicators available on that exchange, determine how much money you will use and when you can buy or sell. But there are other things that you need to learn about trading.

[lablab03]

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

actually it's a good decision than making your own way base on what you read in some articles and etc coz its like you're fooling your self.. Unlike through youtube videos you can see and get everything without further do, which is you can apply it as well to make sure if its true or not. Just keep it up bro even it takes time coz that's the most important things in trading.. As the matter of fact no one can realy start trading and become successful immediately without doing anything coz its about efforts and patience, if you don't have such ability then good luck to you my friend and accept what will be the results afterwards.

[teosanru]

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

Skills and strategies are all secondary, your primary focus should be entirely on gaining knowledge about money management, position sizing, stop loss and psychology. These are the main pillars of any trader. Making strategy isn't that difficult but following it religiously and making a mindset to improve it and take losses is the only thing that can make you successful at trading. By the way encrypted course( assuming you mean paid courses/indicators) are good upto some extent only, the one available freely are equally good it's all about the right mindset.

[passwordnow]

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

There's no need for you to understand and decrypt what's with the encrypted websites that you've visited. If you only want to trade, avoid watching those youtube videos that are shilling at the start or ending of their videos. You might want to trade on your own or use those simulators that have the real time example of cryptos market pricing. Skills can be learned and knowledge can be gained if you just continue to learn with most of the resources that you see not only in the forum but also with those websites that you see.

[Fatunad]

I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.

The thing i do presume about the word "encrypted" is that those things are in for sale or you would need to pay before you can get those indicators or strategies.Correct me if im wrong.
If i were you then dont waste up your money into something like these things because you can eventually make your own analysis and speculation without needing others idea.
Also those strategies and indicators can really be found for free in the net.All the thing you need is to make some search and put effort into it.

[Silberman]

I had to learn a lot as well... Whatever you do, do yourself a favour, and make sure to trade btcusd with demo accounts only in the beginning. When you start trading, and beginn with cryptos, its like you would have never seen a car from the inside, but jump into a formula 1 car, saying "What could possibly go wrong?!"... So please, find a simple strategy that you can learn, and test it with demo money. After 2-3 months, go on and try it with TINY amounts of money. The more you learn about tradeing on the  way, the more you can add risk. Always keep in mind, Trading is basically fighting against the rest of the world. Fighting them studied ppl, those geeks with their algos, and the YOLO traders... You gotta be better than each and everyone out there. So dont take it too easy.

This is the right approach, people want to trade immediately and this is is understandable as they want to make money but they need to be smart, they have all the time in the world to learn how to trade, it is better to take their time and begin with demo accounts and with small amounts of money than to start with all their capital, after all if you make a mistake at the beginning stages of your career but you only used a small amount then it will not be a big deal but for those that use all their capital while they are still learning this can be a tragedy.

[bitcub]

Try learn how to read charts, in that way you will not end up buying a coin from the top or buying selling it at the bottom price. You become a profitable person once you know this. Try also to learn indicators. I personally use MACD and RSI, this two are good combination to tract the next price action.

[Phrahm]

The ability to correctly analyze and read the chart makes it possible to make a purchase or sale clearly and without any problem

[el kaka22]

Basically, it takes time and discipline to learn it, one thing.. you need high intention, if based on high intention.. it will be easy for you to master it, in various ways that can deepen it or as you mentioned above. Stay optimistic and believe in yourself that you will be able to master it.

Theoretical approach is different from what we encounter in live market conditions; it means you must master the practical approach and not just the theoretical one. Learning and mastering about trading its tactics are so easier for anyone but executing the right strategy timely manner is too difficult even for pro traders. Hence, a beginner must remain positive until practice everything in demo accounts.

We can learn 100s of trading strategies from books and videos but when to use one and how to optimize that according to our trading requirement kind of approaches will be possible only we possible if we try in live environment with least capital or in demo mode. So, learning about skills and strategies is only 10% of requirement to be successful in trading and rest are depending on how intensively you practice in live environments.

[DibiaVxosis]

Trading cryptocurrency won't be that difficult if you got the right lectures and works towards it, the major requirement here is getting to know the strategy that works best for you, read about crypto and how it works, get a mentor if possible, but if not try to gather much knowledge and ask questions for a better understanding, there are some site which gives full details and lectures of the things you need to know about crypto and also watching YouTube videos can be helpful as well.