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Author Topic: How do I start trading?  (Read 1248 times)
Lordhermes
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September 24, 2021, 01:41:46 AM
 #161

now if you can start trading then first of all you can make account on crypto exchange like binance hotbit etc then creat account and amke a secour wallet then verify your account and add some funds and start trading but first make sure that you should follow proper signals and study graph carefully otherwise you will loss your all money if market in dip then pick a coin and hold for some time a hour a day or a months and sell a coin in a profit one thing remember that never sell in loss if your coin going to dip then hold it always keep pataince in crypto. best of luck
Thank you for your candid suggestions,patience is the key to trading and not loosing.If want to trade and you are not the type that exercises patience,then there is every tendency and possibility that you will loose your money.
But when you hold your coin for sometimes,calculating the best time to sell after some months,then likely,you will have an amazing profit that you never expected coming.Just hold your coin,invest with a little first,don't just dive into investing big,try a little and see the profit.

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September 27, 2021, 05:05:35 PM
 #162

Firstly you need to make sure you won't need this money urgently. Buy mainstream coins like BTC, ETH at half. Another half can be ADA, VET these with good protentials. Hold for at least 5 years, you wont lose. not a financial advice

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September 27, 2021, 06:10:53 PM
 #163

You need to first earn lots of experience, without proper experience and skills, you would never be able to survive for long in the Foreex Market.
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September 27, 2021, 06:18:08 PM
 #164

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.
Dear friend, welcome to the crypto world and to the Bitcoin forum.

(1) The first thing that will help you to understand the basics of crypto is patience! You need patience because it will take your time to understand crypto in-depth, without patience it will be hard to understand and you may hate crypto.

(2) The second thing is practice. You need to practice what you have learned so that you can have it on your mind FOREVER. There are many crypto software that will help you with this. You can search on google but I also recommend Trading view.

(3) The last thing is plans! Before start trading, you must know why you trade, what amount of capital you want to start with (I recommend small at the beginning), which coins/tokens do you want to trade, and etc.

There are many basic things you must understand before starting to trade, but for now, you can start with those 3 and later you will become a PRO automatically. Goodluck!
I will add one more thing, namely "Management" traders must have good management in trading. Management is the most important factor in managing profits, if start with a small capital then some of the profits fold for the next trading capital and some are enjoyed as a result of trading. And don't be greedy, because in the next trade we will not be able to ensure the same profit as the trading at the beginning. So at least you have enjoyed the trading results.

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September 27, 2021, 09:36:24 PM
 #165

Getting into trading and before trading knowing most of the trading strategy can give a plus point to every beginner. But the main thing is experience and taking control of the losses, as making loss is a step towards getting profit because from the losses even you can learn a lot and can be able to get more and more advantages.
everyone wanted to if possible from the beginning always wanted to succeed but instead I agree with my friend that when you experience a loss it is a very important lesson, so you can not do the wrong thing a second time. must be remembered as well as made mistakes that have been made, a very useful lesson.

When entering a trade, one must prepare as well as possible what steps to take, because the analysis should not run from estimates and require high patience and do not panic quickly because it will affect what actions we will take. by continuing to dig and try then by itself experience can form by itself.
No one wants to lose, of course everyone wants to be successful. Trading skills are the key to success in crypto. Trading with small capital and big capital if have no skills at all, this will also be in vain and very close to loss and also if Trading based on instinct will also be a big risk, all need good analysis for good results too. One more thing that is important is risk management, because this technique can minimize the risk of loss.
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September 28, 2021, 06:05:27 AM
 #166

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.

basically if you want to learn to trade, of course you must have capital so that theory and implementation are appropriate, use your funds well, and choose a coin that you think is a coin that is quite valuable and profitable for you, make sure you are always updated with information from the coin that is being targeted, see the opportunities and how the coin will develop, the most important thing in trading is not to panic and rush in buying coins or selling them, it takes the right timing of all of that.

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September 28, 2021, 06:57:50 AM
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 #167

Hi, everyone sorry have not came in here for so long as I was tasked to seed content for Bitget previously. They were damn dubious and sketchy with how they work and I have left them and just wanted to let everyone know of their marketing tactics. Do beware and hope you guys can spread the word!!

TAKE NOTE of seeded Bitget accounts doing this as that's how they operate!!
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September 28, 2021, 07:21:08 AM
 #168

I don't think it's a good idea to trade directly if you're new to crypto.
First, be sure you're okay and ready to enter the crypto world; don't just worry about the rewards; you might lose your money or face other hazards.
Second, study the basics of cryptography so that you know what cryptocurrencies, Bitcoin, and altcoins are.
Third, understand everything there is to know about trading, exchanges, and anything else related to trading.
Fourth, if you want to begin trading, I believe it is best to start with a little amount of money so that you may learn by doing and get experience.
This is essentially what I did the first time, and maybe it will be useful.
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September 28, 2021, 11:19:16 AM
 #169

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.
You can ask question about trading here in the furom and many expert will surely make a comments or suggestions, there are a lot of idea that you can get in here that you can use on every trading sessions.but before you start just do basic trading first and used only an amount that cannot affect your concentration in short used only and amount that you can afford to loss, don't be rush and start trading in a very slow way so that you can fully understand it.
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September 28, 2021, 07:06:43 PM
 #170

Getting into trading and before trading knowing most of the trading strategy can give a plus point to every beginner. But the main thing is experience and taking control of the losses, as making loss is a step towards getting profit because from the losses even you can learn a lot and can be able to get more and more advantages.
everyone wanted to if possible from the beginning always wanted to succeed but instead I agree with my friend that when you experience a loss it is a very important lesson, so you can not do the wrong thing a second time. must be remembered as well as made mistakes that have been made, a very useful lesson.

When entering a trade, one must prepare as well as possible what steps to take, because the analysis should not run from estimates and require high patience and do not panic quickly because it will affect what actions we will take. by continuing to dig and try then by itself experience can form by itself.
No one wants to lose, of course everyone wants to be successful. Trading skills are the key to success in crypto. Trading with small capital and big capital if have no skills at all, this will also be in vain and very close to loss and also if Trading based on instinct will also be a big risk, all need good analysis for good results too. One more thing that is important is risk management, because this technique can minimize the risk of loss.
While without a doubt your trading skills are the main reason of the success of those that want to earn money in the markets at the same time we need to have a perfect control over our emotions in order to be successful, after all I have seen many people that have good strategies to trade the markets and it is just a matter of time before they obtain profits if they can follow their strategy, but then they sabotage themselves because they cannot control themselves and implement their strategy as planned.

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September 28, 2021, 10:07:24 PM
 #171

As for me, the only reliable way to start your way in trading is to start it with a demo account. Otherwise, you can simply pay too high a price for training on a real account.
Practicing with a demo account is without a doubt important but we also need to to recognize the limitations of such accounts, it is very easy to think that just because you are making profits with your demo account that the same is going to happen once you make the switch and you begin to use real money but this is not true, the markets can make you to take decisions that even if you know they are wrong you still take them, and the main difference is that money is now at stake and this changes your decision making process making you more likely to make mistakes.
in terms of dependence alone, it will be able to distinguish if we use a demo account with a real account, which will indeed cause the finances we have to be lost. because with a demo account we have no fear of making mistakes and usually always end up with a win that will make us confident which can be excessive.

but if we have used it with a paid account, we can tell the difference from a position of concern, not to mention what we get from a demo account it can actually give the wrong thing and we do it, even though of course it's not the same when it's done on an official and paid account. there is always a different side to what will happen if you have done it with a paid account, so don't believe in experimenting with a demo account, it will obviously be misleading.

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October 02, 2021, 04:05:38 AM
 #172

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.
Dear friend, welcome to the crypto world and to the Bitcoin forum.

(1) The first thing that will help you to understand the basics of crypto is patience! You need patience because it will take your time to understand crypto in-depth, without patience it will be hard to understand and you may hate crypto.

(2) The second thing is practice. You need to practice what you have learned so that you can have it on your mind FOREVER. There are many crypto software that will help you with this. You can search on google but I also recommend Trading view.

(3) The last thing is plans! Before start trading, you must know why you trade, what amount of capital you want to start with (I recommend small at the beginning), which coins/tokens do you want to trade, and etc.

There are many basic things you must understand before starting to trade, but for now, you can start with those 3 and later you will become a PRO automatically. Goodluck!
I will add one more thing, namely "Management" traders must have good management in trading. Management is the most important factor in managing profits, if start with a small capital then some of the profits fold for the next trading capital and some are enjoyed as a result of trading. And don't be greedy, because in the next trade we will not be able to ensure the same profit as the trading at the beginning. So at least you have enjoyed the trading results.

Something that I could add but that most do not do, is to choose the platform or exchange to trade, and trade with play money, the reason is simple:

1.- You test the plan.

2.- You learn to react to the market if there is a significant movement.

3.- You learn to use Stop Loss and Take Profit well, as well as many more tools.

And not only this, it is also necessary to learn to handle any Exchange tool so that the trader when making trade does not lose money in unnecessary operations.


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breathlessz
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October 02, 2021, 01:16:27 PM
 #173

Getting into trading and before trading knowing most of the trading strategy can give a plus point to every beginner. But the main thing is experience and taking control of the losses, as making loss is a step towards getting profit because from the losses even you can learn a lot and can be able to get more and more advantages.
everyone wanted to if possible from the beginning always wanted to succeed but instead I agree with my friend that when you experience a loss it is a very important lesson, so you can not do the wrong thing a second time. must be remembered as well as made mistakes that have been made, a very useful lesson.

When entering a trade, one must prepare as well as possible what steps to take, because the analysis should not run from estimates and require high patience and do not panic quickly because it will affect what actions we will take. by continuing to dig and try then by itself experience can form by itself.
No one wants to lose, of course everyone wants to be successful. Trading skills are the key to success in crypto. Trading with small capital and big capital if have no skills at all, this will also be in vain and very close to loss and also if Trading based on instinct will also be a big risk, all need good analysis for good results too. One more thing that is important is risk management, because this technique can minimize the risk of loss.
While without a doubt your trading skills are the main reason of the success of those that want to earn money in the markets at the same time we need to have a perfect control over our emotions in order to be successful, after all I have seen many people that have good strategies to trade the markets and it is just a matter of time before they obtain profits if they can follow their strategy, but then they sabotage themselves because they cannot control themselves and implement their strategy as planned.
psychology is the main factor to implement the trading strategy that we use. without a strong psychology, then we can not run the strategy well, because of course discipline will be fragile when we will take action in trading. therefore it would be better if we learn trading psychology first before exploring trading techniques

South Park
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October 02, 2021, 11:11:04 PM
 #174

While without a doubt your trading skills are the main reason of the success of those that want to earn money in the markets at the same time we need to have a perfect control over our emotions in order to be successful, after all I have seen many people that have good strategies to trade the markets and it is just a matter of time before they obtain profits if they can follow their strategy, but then they sabotage themselves because they cannot control themselves and implement their strategy as planned.
psychology is the main factor to implement the trading strategy that we use. without a strong psychology, then we can not run the strategy well, because of course discipline will be fragile when we will take action in trading. therefore it would be better if we learn trading psychology first before exploring trading techniques
This is why backtesting is so important, people go out there and begin to trade the markets without having enough confidence in the system they are using to trade them that as soon as things begin to go in the wrong direction people panic and begin to take decisions that are completely mistaken, but they do so because they have lost confidence on what they were doing, and this is a problem because it is precisely during those moments in which we must exercise the most self-control, otherwise the losses we could suffer are massive.

.
..........
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Twinkledoe
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October 02, 2021, 11:17:27 PM
 #175

While without a doubt your trading skills are the main reason of the success of those that want to earn money in the markets at the same time we need to have a perfect control over our emotions in order to be successful, after all I have seen many people that have good strategies to trade the markets and it is just a matter of time before they obtain profits if they can follow their strategy, but then they sabotage themselves because they cannot control themselves and implement their strategy as planned.
psychology is the main factor to implement the trading strategy that we use. without a strong psychology, then we can not run the strategy well, because of course discipline will be fragile when we will take action in trading. therefore it would be better if we learn trading psychology first before exploring trading techniques
This is why backtesting is so important, people go out there and begin to trade the markets without having enough confidence in the system they are using to trade them that as soon as things begin to go in the wrong direction people panic and begin to take decisions that are completely mistaken, but they do so because they have lost confidence on what they were doing, and this is a problem because it is precisely during those moments in which we must exercise the most self-control, otherwise the losses we could suffer are massive.

So before you go into this activity, you should know at least the overview of what to expect so you are not caught by surprise. Before using your own money, try also joining some demo trading, which is offered already by several exchanges. And then, when you are dealing with your own money already, start small, as actual use of your money is quite different from using only demo account.

boyptc
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October 02, 2021, 11:44:21 PM
 #176

You need to first earn lots of experience, without proper experience and skills, you would never be able to survive for long in the Foreex Market.
It is why you'll trade to learn at first and what you will expect is that most of your trades will lose.

Those losses that you'll have are likely the investment as you become better in trading. It's part of everyone's growth.
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October 07, 2021, 11:35:29 AM
 #177

This is a smart decision, until you get into certain practices, you should not take a lot of risks.
Anguwa
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October 07, 2021, 01:53:18 PM
 #178

Hello everyone, I just got introduced into crypto by a friend and would like to know how do I go about doing it. Have went through lots of tutorials from different places but did not quite understand how to use them and what to see. That's when I thought a forum would be the next best place to place such a question.
As u said, u have learn different tutorials from different people and different platforms. I want to assure that you are in the right place to get the best knowledge about crypto in general and also knowledge about trading, you can use the search button on this great forum, input your topic of interest and I am sure you will appreciate it.

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October 07, 2021, 03:45:29 PM
 #179


So before you go into this activity, you should know at least the overview of what to expect so you are not caught by surprise. Before using your own money, try also joining some demo trading, which is offered already by several exchanges. And then, when you are dealing with your own money already, start small, as actual use of your money is quite different from using only demo account.


Start small and allow yourself to experience all this knowledge that you acquire while using the demo account,
When you feel more comfortable with your strategy. It's the right time to add more

but never to stop learning. It's an everlasting cycle that keeps updating from time to time.

Maybe your strategy works by now, but after some time it's no longer fits with many changes that happen inside the market,
be an open-minded and allow adjustment to take place whenever it's needed.

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doremonchina
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October 07, 2021, 05:16:52 PM
 #180

if you intrest in this field of trading then first you learn some gain some knowledge about trading from experts and then research about this install some app and make trail from very less amount from your assets when you know very well then after that take proper entry and start trading and enjoy profit but pataince is neccesry
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