Trading skills and strategies

[killerman2]

You should start from the small amount and before that you should learn some basics of trading that how can you do ? And in what circumstances it will give you profit? The main thing is analyzing the coins which will definitely give you profit after being an expert of analyzing the coins.

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[Jawadu]

When I started trading, I learned a lot from YouTube tutorials as well. YouTube is a good place to learn trading if you will find the right channel, you can learn from YouTube then boost your knowledge through trading view software. In trading view, you will find many advanced trading educational posts and the best strategies.

[Rrita]

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.

Welcome to the crypto trading world. So you are already in at trading. First of all, try to learn the Candlestick pattern(there is a ton of free videos on youtube/google). After that try to learn technical analysis, Risk management, Horizontal support resistance, etc. In youtube you can get those videos freely, personally, I am following crypto cred. Here is her youtube channel list: https://www.youtube.com/channel/UCBaU9NXRPjkLGgJy-M7RPCw From this link you can learn a lot about crypto trading.

[jaberwock]

Mainly through youtube tutorials

I hope you are only watching them for the knowledge on trading and not to choose specific coins talked about in the said videos. I say this, because majority of such YT videos are shilling projects run by users who get paid to promote their coins and sites. Do not fall for that. In a better way, learning the same things for a stock market related video will make sure you dont get manipulated into buying a shitcoin but still getting the same knowledge about trading. Something that is a suggestion from my side.

There were even some chaos created after the whole "bitconnect" thing that many many many youtubers got money from them, and they scammed people and stole money, and all those youtubers deleted their videos. Basically all of these people end up doing this because they want money, and youtubers could make a ton of money from one video.

I did marketing for many years, still doing a small amount, and I know what they are charging, even the tiniest places charge from 100 to 400 dollars, depending on if they are fake or not, fake ones charge 100 dollars and then buy views close to 10k, the real ones that are tiny charge around $400 and they have real 3-10k viewers and you can see the impact on the price when they do it.

These are the small ones, if what you watched has 100k+ views that means we are talking about close to 5k and even more, million view ones charge as much as 25k per video. So, if you are seeing a token/coin suggestion on youtube, know that it is guaranteed 100% paid, do not care how much you trust them, it is 100% guaranteed paid advertisement.

[jrrsparkles]

Trading simulators can help you to understand the process of trading upto some extent but the real strategies can be build not be taught so everyone have to find their own way in this crypto trading because not everyone is going to act same to the same action.

[Vaculin]

Trading simulators can help you to understand the process of trading upto some extent but the real strategies can be build not be taught so everyone have to find their own way in this crypto trading because not everyone is going to act same to the same action.

yeah, and the other thing is that the market is totally unpredictable and the trend keeps on changing which means that it is really our personal decision made the future of our trade, not the other person. That is why we stop relying on others but have to build our own ideas and strategies. We can do to follow other's ideas but it is never to think that it all comes in the same results. Like if this strategy it work for him, it is possible it never works on us, many events happens like that.

[Silberman]

keep trying, apply the learnings we've got, do ask if we never understand, and let someone that can be trusted guide us.

For that exact purpose, we are having open discussion here, right?
These days, you could get help on trading almost every related platform for free of cost as most such portals are encouraging our interactions. But, what is lagging on this scenario is, most beginners never keep trying. They keep their trading things with lesser priority; yeah most beginners keeps their social media activities at first in their agenda.

Developing trading skills and strategies are easier in this modern days and at the same time competition on trading environment also has become too complex as more people are participating. Hence, keep trying with dedication alone will help a beginner to have profitable trading experiences.

It is true that thanks to the Internet the available information for newbies is huge unlike what happened decades ago in which the information was harder to come by, however this by itself is a problem, after all it is not rare to find contradictory information on the Internet about people that say that you should do something and someone else that says the opposite, so this can be very confusing for a newbie as they do not really know enough about trading in order to know which one of them is correct and this makes their learning experience even harder than what it should be.

[Shasha80]

Trading simulators can help you to understand the process of trading upto some extent but the real strategies can be build not be taught so everyone have to find their own way in this crypto trading because not everyone is going to act same to the same action.

yeah, and the other thing is that the market is totally unpredictable and the trend keeps on changing which means that it is really our personal decision made the future of our trade, not the other person. That is why we stop relying on others but have to build our own ideas and strategies. We can do to follow other's ideas but it is never to think that it all comes in the same results. Like if this strategy it work for him, it is possible it never works on us, many events happens like that.

The most important thing in crypto trading, we really can't rely on other people to make decisions, because it only makes us lose money. As you said
we do have to have our own strategy when it comes to trading crypto, to be able to have a good strategy requires hard work from yourself. Because
good strategy requires practice and knowledge, if we don't have that, it's very difficult to find a good strategy. So if we want to become a successful
trader, learn a lot about the world of trading, then practice as much as possible in order to correct any mistakes that have been made. By doing all
that over time we can have our own strategy that we can really rely on to generate profits.

[LUCKMCFLY]

Trading skills and strategy always comes from yourself. You can have it by learning it by yourself. Yes, trading materials and youtube tutorial can help but it's better to experience first and learn from your own mistakes. As the day goes by while you do trading, for sure you will learn and can think the best strategy that you can be use in trading. Don't rely on others and don't always follow them, like the coins they trade because you just watch it in YT. Always DYOR in terms of coins to trade and don't worry if you lose sometimes, that is part of trading. There is no perfect trading, anyway.

You are right, many times we must trust our intuition, although sometimes there are scenarios in trading that are difficult to understand, however in my case I wanted to go further, I started reading books thanks to a friend who is a YouTuber, him He recommended reading authors such as Wyckoff, Livermore, Burton, Buffet, among others, the idea is that you have an idea of how the market moves, of how to analyze it in order to enter into technical analysis.

If we have knowledge backed by authors who were market speculators in the stock market, there are situations that are easy to recognize, at least we have a clearer idea of when to buy and sell, at what stage of the market we are, of course to Short term or scalping everything changes due to the enormous volatility of BTC, but in the same way, it will be illustrated a bit if it works.

[conected]

Trading simulators can help you to understand the process of trading upto some extent but the real strategies can be build not be taught so everyone have to find their own way in this crypto trading because not everyone is going to act same to the same action.

- Agree, strategy is a fishing gear and no one shares their gear with others because sometimes people will have this far-reaching anxiety that one day the people they teach and share equipment with will overtake them, even instead of reciprocating and being grateful, these people will shrink the environment and limit our monetization. Morality won't be that bad but worry is still anxiety, besides, strategy is the formation of encounters and failures, skills are also taught from such experiences, cannot be grouped into one book because of its diversity

[Mpamaegbu]

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.

Viewing YouTube tutorials on trading is a good place to start learning, and you're already doing that. However, I don't understand the "encrypted" part of your post. Learn ardently all you can on YouTube with rapt attention, it will pay off eventually. Just give it some time. Don't be in a rush to hit a jackpot (this is sadly the mistake of many a noob trader). Whatever you learn on YouTube, try as much as you can to focus of Price Action movement and leading indicators of Support & Resistance, Pivot Points and Lines.

I need some help or direction in terms of process and strategy.

You can chat the YouTubers you follow their instructions on that. You can't be too sure those offering you trading advice and tips here are traders. A lot of us may not be into trading but hodling.

[jaberwock]

many times we must trust our intuition, although sometimes there are scenarios in trading that are difficult to understand, however in my case I wanted to go further, I started reading books thanks to a friend who is a YouTuber, him He recommended reading authors such as Wyckoff, Livermore, Burton, Buffet, among others, the idea is that you have an idea of how the market moves, of how to analyze it in order to enter into technical analysis.

If we have knowledge backed by authors who were market speculators in the stock market, there are situations that are easy to recognize, at least we have a clearer idea of when to buy and sell, at what stage of the market we are, of course to Short term or scalping everything changes due to the enormous volatility of BTC, but in the same way, it will be illustrated a bit if it works.

Among other stuff those people usually focus on the fact that you should not only invest into something just because it looks profitable, but also find investments at where other people are not looking, find stuff that are boring and make your payday on those. There are so many people who would want to buy a tesla stock, however buying geico is not a flashy move, yet one that made warren buffet so much money. So, sometimes even the most boring options could be the most profitable ones.

I keep remembering that on bitcoin, buying bitcoin and holding it for 10 years could yield me 10x profit, or maybe 50x profit, and requires me to wait for a decade, whereas there are people who try to make that kind of money overnight, and that is the problem. I can't really believe what they are making, some of them make so much profit, but at the same time there are way too many that lose everything.

[Adorald]

It's hard to believe in such quick earnings. Although anything can be

[Mamun74]

Now you can easily learn how to start good trading from youtube and article books. Also You can learn from your relatable person who knows about trading. So you can find many education post and best strategic. I suggest you,when you start trading then you choose valuable coin and small deposit for first trading.

[isaac_clarke22]

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Doing the youtube tutorials alone won't do. It is like learning how to program by just watching crash courses out there. You need to exactly do something and your mistakes will determine on how much you learn. Not sure what you mean by encrypted sites and encrypted indicators though, surely all those indicators like Bollinger Band and RSI would be enough for you to learn the ropes already in trading.

[kumala_abi]

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Doing the youtube tutorials alone won't do. It is like learning how to program by just watching crash courses out there. You need to exactly do something and your mistakes will determine on how much you learn. Not sure what you mean by encrypted sites and encrypted indicators though, surely all those indicators like Bollinger Band and RSI would be enough for you to learn the ropes already in trading.

everyone will be different to use a combination of indicators, but we should not use too many indicators, because sometimes indicators do not work in sync, and this will eventually confuse us to take action. I think using 2 indicators is enough, as long as we know the performance of those indicators and learn the discipline to obey the rules of these indicators which we can learn beforehand

[TheUltraElite]

There were even some chaos created after the whole "bitconnect" thing that many many many youtubers got money from them, and they scammed people and stole money, and all those youtubers deleted their videos. Basically all of these people end up doing this because they want money, and youtubers could make a ton of money from one video.

I remember how much of a hype BCC was at one time and many of the forum members and  outside this forum users took part in it. A large group was from PH and I would interact with them through chatrooms and so. Tried to explain it to them but they would not listen and they are rooted to the fact that the site was legit. We all know what happened after that.

I did marketing for many years, still doing a small amount, and I know what they are charging, even the tiniest places charge from 100 to 400 dollars, depending on if they are fake or not, fake ones charge 100 dollars and then buy views close to 10k, the real ones that are tiny charge around $400 and they have real 3-10k viewers and you can see the impact on the price when they do it.

Thank you for sharing your professional experience. It is sad to see how certain unscrupulous youtubers are willing to mislead people into wasting their time and giving them a false sense of hope with such videos.

These are the small ones, if what you watched has 100k+ views that means we are talking about close to 5k and even more, million view ones charge as much as 25k per video. So, if you are seeing a token/coin suggestion on youtube, know that it is guaranteed 100% paid, do not care how much you trust them, it is 100% guaranteed paid advertisement.

I have long learnt to ignore those and only listen to facts that have proper evidence or can be proven. What I dont like is that some newbies want to genuinely learn about crypto and they get side tracked to such shill promos.

It's hard to believe in such quick earnings. Although anything can be

Honestly speaking, what are the chances you can win a lottery or be able to buy a shitcoin that will rise very high in price? Very low. So would you rather look for the needle in the haystack or work on developing your own trading skills in order to make money?

[checkmatesir]

As a beginner you should learn some trading skills as it is very necessary for trading, without these strategies you don't be able to trade and you will be in loss. For which there are a lot of tutorials on youtube and any other sites on the internet. But more importantly in trading patience is very necessary.

[Anamika1000]

The trading community has always provided you great benefits but if you have some own guts and you know about the trading and the important thing that you should know how to analyze the coins which are very important in trading. But I have seen people who didn't know about trading but can get profit because of having a great fortune.

[imstillthebest]

if i understand correctly you want a process that will cut your time learning ?
i dont think theres any legit but there are fake and will guide you like this and that but all they want for you is to fall and worst is they will only take your money .
what your doing is already correct , your researching in your own and you think your doing great . you just need extra patience