Trading skills

[Hypnosis00]

Here are some of the trading skills:
1) Facilitator: As a newbie you need someone that will impact you how to trade crypto in the market and make a good profit. Many people missed it by try to trade without a mentor in the exchange market.

Having a reliable and trusted mentor could help you to fully understand crypto trading and found to be necessary for building your skills but never have to rely everything on your mentor and this is how #2 applies.

2) Personal research: Always do your personal research after the information you got from the forum concerning crypto trade. It will help you grow faster in trading, when you always carry out your personal research.

This is very important in trading as we can't just rely on other people the whole life but have to work our own also if we wanted to improve, so in the later part, we don't need someone to accompany us. The more we are in doing research, the more we got into the deep and knowledgeable enough.

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[MrcMrc]

Well, I have been doing a lot of research lately and am developing new trading skills I will put to use any moment from now. But again, I still rely on the comments of users on this forum to guide me in some processes that have been gained through their experience.

[rhomelmabini]

Well, I have been doing a lot of research lately and am developing new trading skills I will put to use any moment from now. But again, I still rely on the comments of users on this forum to guide me in some processes that have been gained through their experience.

Well, you're on the right track but then again don't just rush into trading just because you know a skill already, you will make your pants wet when you're into rushing things. Experience do tend to be the best lesson but make sure you only put money you can afford to lose.

If you're on spot trading that's medium risk but on leverage trade that's for sure a high risk and be sure you know stop-loss feature. You already have a Binance Academy app? I guess that's the best beginner friendly app for trading, investing and learning cryptocurrencies.

[Anguwa]

Trading skills involves basic skills and ideas use in trading cryptocurrencies so as to yield profit and not to loose assets. Part of what to consider when developing a strategy of trading includes:
1. Technical Analysis
2. Fundamental Analysis.
Using these two analysis as the main building factor for trading will surely help in understanding skills and strategies to trade successfully.

[sujonali1819]

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

Experience is the main things that can help you to be big to bigger trader. The more experience the more you learn from mistake. And some General habit help newbies to struggle in trading. For example,

1. You must have the power of controlling emotions.
2. You should not be panic.
3. Always trade a low cap that you afford to lose.
4. Don't invest in one box.
5. Don't be greedy.
6. Always do long or midterm trade. (You can do daily trade if you accuracy is +90% solid).

These are the normal things that a trader should have.

[RokokGudangGaram]

It really depends on what kind of trader you are, all traders have their own strategies and behavior in trading what I can aid to you which is one of the basic is technical analysis defines the stop loss and target profit. Don't follow the 10% stop loss and something it's ridiculous also once you enter your trade don't do anything, try to wait if your trade will hit target profit or stop loss and lastly don't let your emotion affect your trading.

[Kimonoe]

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

Trading techniques are different for everyone. I think there should be separate research. the most important and foremost is basic understanding for beginners and skills. after that it can be combined with techniques, because there are so many techniques I can't recommend because you yourself determine the technique.

The basic techniques in trading must be understood by traders, so that they can develop trading techniques that they feel comfortable with themselves. of most trading techniques, we should not leave psychology, which in fact determines the success of a trader. from this psychological learning, a trader can obey his own rules, so as to develop the technique he is looking for

[MIner1448]

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

If you are a beginner, then it is best to gain experience on exchanges where there is a demo wallet, where demo money is given that you trade, on such exchanges you will be able to implement many trader strategies that you will find on the Internet, thanks to this you will understand for yourself how and according to which strategy you will trade better and also you will not have the risk of losing your investments.

[Beparanf]

It really depends on what kind of trader you are, all traders have their own strategies and behavior in trading what I can aid to you which is one of the basic is technical analysis defines the stop loss and target profit. Don't follow the 10% stop loss and something it's ridiculous also once you enter your trade don't do anything, try to wait if your trade will hit target profit or stop loss and lastly don't let your emotion affect your trading.

Where do you see that 10% stop loss strategy mate? Stop loss shouldn't be fixed as you said. It was always setup a bit below on last support when long and a bit above the resistance when short. People should look on candles and determine support and resistance to play the future trading wisely.

You are right that traders shouldn't be affected by emotion but its very hard to control especially during actual trading. Only discipline traders always win at the end.

[palle11]

Any strategy being used with out stop loss will fail in future trades. This means stop loss use is a very good strategy.

Don't follow the 10% stop loss and something it's ridiculous also once you enter your trade don't do anything, try to wait if your trade will hit target profit or stop loss and lastly don't let your emotion affect your trading.

No I don't wait all the time for my stop loss to hit. I do admit that I have made a wrong entering order when I see it and in those cases, I don't wait for the market to eat up my money because I want to wait for stop loss to be professional. So what I do in such cases is that I just exit immediately especially if I'm already losing. You can know this with the candlestick and trading with candlestick is a strategy of its own.

[Kittygalore]

Well, I have been doing a lot of research lately and am developing new trading skills I will put to use any moment from now. But again, I still rely on the comments of users on this forum to guide me in some processes that have been gained through their experience.

Remember to take the advices in the thread and in the forum in general with a grain of salt because not all the advice works for every person in the market, pretty sure that some of them might even be using those advice as a way to see if their theory is right.

[geegaw]

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

Trading techniques are different for everyone. I think there should be separate research. the most important and foremost is basic understanding for beginners and skills. after that it can be combined with techniques, because there are so many techniques I can't recommend because you yourself determine the technique.

Not recommending is the exact thing you should do when multiple techniques combined just make the chart more layers of effects and increase the perturbation frequency of the analysis, a newbie and an old trader can't become such a blender, crushing to become a blender is wrong, the complexity will lead to the dysfunction of each instrument while the purpose of the tools is to help investors know the signal to proceed with a buy and sell order. Learning everything but not being professional in the subjects will only make us lose the basics

[Raflesia]

Well, I have been doing a lot of research lately and am developing new trading skills I will put to use any moment from now. But again, I still rely on the comments of users on this forum to guide me in some processes that have been gained through their experience.

Remember to take the advices in the thread and in the forum in general with a grain of salt because not all the advice works for every person in the market, pretty sure that some of them might even be using those advice as a way to see if their theory is right.

Every material taken in the forum must of course be able to process it in the analysis that is made because this will cover the existing theory so that you will understand better how this can be applied in your trading, so suggestions from the forum must also be analyzed not just words and how well-known sources are in terms of trade.

So it would be great if you continue to develop some research on the trades that will be applied, you can judge which ones are right, which ones are accurate and some indicators are more qualified because this can also be good material for your research.

[otundebis]

Trading Cryptocurrency is dynamic,  the best approach is to be able to interpret what is happening in the market at every given time, you can then use the trading  tools to decide your entry and exit point.  For me,  I try to plot market structure at 4hrs, and try to see signal needed to buy or sell! If I  see double bottom with higher lows with an increase in volume, that will be bullish for me and the opposite of this is bearish!

[barbara44]

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

First of all we have to look at the problem with most of the new  traders. Their problem is that they’re always in a hurry to make money and they forget that it’s not easy as they think. The cryptocurrency market is not really a place you can make money that easily  especially when you don't know what you're doing.

The next problem is that they don't have enough funds to trade , but they still go ahead and trade and lose it. Before you start trading you have to make proper plans, develop strategy that works and make sure you have enough funds . Another thing is that all your funds shouldn’t be going in all at once, you have to trade them little by little, unless you’re very sorry you’re making a good decision and will be making profit.

[sana54210]

Well, I have been doing a lot of research lately and am developing new trading skills I will put to use any moment from now. But again, I still rely on the comments of users on this forum to guide me in some processes that have been gained through their experience.

Well, you're on the right track but then again don't just rush into trading just because you know a skill already, you will make your pants wet when you're into rushing things. Experience do tend to be the best lesson but make sure you only put money you can afford to lose.

If you're on spot trading that's medium risk but on leverage trade that's for sure a high risk and be sure you know stop-loss feature. You already have a Binance Academy app? I guess that's the best beginner friendly app for trading, investing and learning cryptocurrencies.

I would say that testing your skills on a demo place could be the best option right now for a newbie. Like those places that give you 10k to test and its real prices but the money you have is fake, so if bitcoin is 50k in real life, you buy bitcoin from that price with your fake money, and if it goes to 60k then your fake money goes up, and if it goes down to 40k your fake money goes down.

Those type of demo places could be the best thing for him. He will get rid of those growing pains easily and after that he will go into real trading with a bit more experience without spending any real money. That's what I would have done if there were demo places available back in the day but when I first started there were barely any places to trade bitcoin for real let alone demo ones.

[Mamun74]

When you start trading then you remember that don’t trading big capital of amount, need patience, control your emotion, need experienced traders trading signal, and keep inquiring market.You have to learn article books or Youtube how to good trade.Better option is yourself how to control your emotion. Trading different for everyone, I think you have to choose valuable coin for trading and can get profit.

[Natsuu]

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

Calmness, Many people doesn't give this much credit, but being calm during bullish or bearish season is what makes me above other traders. Cause due to my calmness, I actually be able to plan my moves and execute it without having any regrets. Oh yeah, I am also a person who doesn't wants regret so I am a go for it person, but that will be good if you have some funds to spare 

[Cherylstar86]

Well, we all know how technical crypto trading is and how hard it has been for newbies traders. That made me want to know what are your best trading skills and techniques that can aid a newbie in trading?

Calmness, Many people doesn't give this much credit, but being calm during bullish or bearish season is what makes me above other traders. Cause due to my calmness, I actually be able to plan my moves and execute it without having any regrets. Oh yeah, I am also a person who doesn't wants regret so I am a go for it person, but that will be good if you have some funds to spare 

Indeed. Calmness is also what traders needs especially when there is changes of price. Being calm and having discipline in trading is what traders needs. Some of traders gets panic which cause them lossing their capital. Due to my Calmness and the discipline that I have towards trading, I can make a good decision and able to plan my moves and execute it without having any regrets. It was also good that you will set aside funds for you to not lose everything what you have in trading especially when you do mistakes without noticing it.

[TheGreatPython]

Any strategy being used with out stop loss will fail in future trades. This means stop loss use is a very good strategy.

Don't follow the 10% stop loss and something it's ridiculous also once you enter your trade don't do anything, try to wait if your trade will hit target profit or stop loss and lastly don't let your emotion affect your trading.

No I don't wait all the time for my stop loss to hit. I do admit that I have made a wrong entering order when I see it and in those cases, I don't wait for the market to eat up my money because I want to wait for stop loss to be professional. So what I do in such cases is that I just exit immediately especially if I'm already losing. You can know this with the candlestick and trading with candlestick is a strategy of its own.

Stop loss is definitely something you have to use if you are a day trader or a short term trader. However if you are like me and have a long term approach to investment then you should not use it at all. I was holding my coins when they were 64k and was holding them when they were 29k and now holding them at 50k, at what should I sold? I mean if I was smart enough to sell at 60k and buy at 30k and sell at 50k again to make the maximum profit, then I wouldn't be a long term investor, I would have traded and be a billionaire now.

However since I am not that smart to know when to buy and when to sell, I hold it long term and that always ends up with happy results for me. This is why I suggest not doing a stop loss if you are not great at trading, buy something, sell it when you have "enough" profit, and if it goes down, just wait for it to go back up.