Trading skills

[Silberman]

Do not trade with high capital, be patient, study the market, use what you can lose and not affect you, only focus on spot trading for time being, $50 is good for starting, if you have high capital, do it use it, hold more and trade less with $50 or lower. You will understand the marker from your losses and win, but beginners lose more than win, only increase your capital if and only if you are profiting than losing.

On board with the above suggestions. The main point to extract from a trader point of view is the practice because only with practice you tend to get a feel of the markets and how/when to perform a trade. News and having access to good, reliable info is another big one.

Unfortunately, there aren't any agreed places for getting this type of info but there are groups on Telegram where some news can he handy. One such group is called Alts Alters. Good luck trading.

Without a doubt experience is necessary in order to be the best trader that you can be but we must remember that we all start somewhere and that there are newbies that can be successful in the markets without that experience, but in order for that to happen they need to prepare themselves extensively about all the techniques they can use to improve their chances of being profitable, and unfortunately the number of newbies that do something like that is incredibly small.

[1713939913]

1713939913

[Aliceooo78]

Be prepared for sufficient tuition. This is the driving force for your growth, and it is also the way you must go on your crypto journey. Don't be dazzled by luck, this is a very dangerous signal.

[xSkylarx]

Do not trade with high capital, be patient, study the market, use what you can lose and not affect you, only focus on spot trading for time being, $50 is good for starting, if you have high capital, do it use it, hold more and trade less with $50 or lower. You will understand the marker from your losses and win, but beginners lose more than win, only increase your capital if and only if you are profiting than losing.

On board with the above suggestions. The main point to extract from a trader point of view is the practice because only with practice you tend to get a feel of the markets and how/when to perform a trade. News and having access to good, reliable info is another big one.

Unfortunately, there aren't any agreed places for getting this type of info but there are groups on Telegram where some news can he handy. One such group is called Alts Alters. Good luck trading.

Without a doubt experience is necessary in order to be the best trader that you can be but we must remember that we all start somewhere and that there are newbies that can be successful in the markets without that experience, but in order for that to happen they need to prepare themselves extensively about all the techniques they can use to improve their chances of being profitable, and unfortunately the number of newbies that do something like that is incredibly small.

I'm not sure how those newbies win on their trades if they don't have a solid background or any trading experience. It is extremely difficult if you are a newbie with no solid strategy; however, if luck strikes, I believe you can win; however, this does not last long because you will inevitably lose; however, if you have a solid strategy, I believe you can win; however, this does not always; however, it is preferable to luck in terms of trading because you can adapt and have a solid reason why you initiate the trade.

[Fatunad]

Do not trade with high capital, be patient, study the market, use what you can lose and not affect you, only focus on spot trading for time being, $50 is good for starting, if you have high capital, do it use it, hold more and trade less with $50 or lower. You will understand the marker from your losses and win, but beginners lose more than win, only increase your capital if and only if you are profiting than losing.

On board with the above suggestions. The main point to extract from a trader point of view is the practice because only with practice you tend to get a feel of the markets and how/when to perform a trade. News and having access to good, reliable info is another big one.

Unfortunately, there aren't any agreed places for getting this type of info but there are groups on Telegram where some news can he handy. One such group is called Alts Alters. Good luck trading.

Without a doubt experience is necessary in order to be the best trader that you can be but we must remember that we all start somewhere and that there are newbies that can be successful in the markets without that experience, but in order for that to happen they need to prepare themselves extensively about all the techniques they can use to improve their chances of being profitable, and unfortunately the number of newbies that do something like that is incredibly small.

I'm not sure how those newbies win on their trades if they don't have a solid background or any trading experience. It is extremely difficult if you are a newbie with no solid strategy; however, if luck strikes, I believe you can win; however, this does not last long because you will inevitably lose; however, if you have a solid strategy, I believe you can win; however, this does not always; however, it is preferable to luck in terms of trading because you can adapt and have a solid reason why you initiate the trade.

We do know that there's something like beginners luck on where they do make out some profits when they do first try out but that wont last long because market could always be unpredictable and without having sufficient knowledge and skills and experience then you would really be simply making out some gambling steps or methods since you do lack learning and experience.This is where these noobs starting to realize on whats the reality and starting to learn up something neither do came from other people or would making self learn.Skills is something that you cant really get in a short span of time.It would take some time
and you should not rush up yourself.

[onecall123]

... there are newbies that can be successful in the markets without that experience, but in order for that to happen they need to prepare themselves extensively about all the techniques they can use to improve their chances of being profitable, and unfortunately the number of newbies that do something like that is incredibly small.

Newbies can also be successful without experience because of market conditions. For example, almost anyone buying in Jan and selling in March would be making money on everything, not just BTC. Even when defi was just beginning, every stupid alt you bought would be up by a lot.

I would say those preparing extensively aren't just few among the noobs but among the experienced ones too. There are people who got lucky getting in at the right time thinking they own trading skillz.

Not a rare occurrence. You're confident because you believe what's coming. Nowadays it is quite easy to be comfortable with profits. Smart guys make their money regardless of market conditions. Basically a dump-and-pump initiative, so not considering quick returns. HODL you must, and you'll earn big money. People looking for altcoins that could make them rich. Research and worry no more.

[awik p]

One tip I can give to you and I think is the best is mastering the basics such as knowing the trends and trendlines, supports and resistance is one of the most important things. You could also study indicators such as RSI and MACD with the knowledge of supports and resistance and adding knowledge about indicators you can already create your own strategy. Honestly, I only used this support and resistance, trendlines, MACD and Volume.

on the other hand we also have to pay attention to the psychology of trading and money management. trading psychology greatly affects our trading success, even though we have analyzed it correctly, but because our psychology has not been formed, it is possible to panic sell. On the other hand, by setting money, we can calculate the risk and rewards in making transactions, so that we can measure whether the position is feasible or not to enter the market.

[Wawa2013]

One tip I can give to you and I think is the best is mastering the basics such as knowing the trends and trendlines, supports and resistance is one of the most important things. You could also study indicators such as RSI and MACD with the knowledge of supports and resistance and adding knowledge about indicators you can already create your own strategy. Honestly, I only used this support and resistance, trendlines, MACD and Volume.

on the other hand we also have to pay attention to the psychology of trading and money management. trading psychology greatly affects our trading success, even though we have analyzed it correctly, but because our psychology has not been formed, it is possible to panic sell. On the other hand, by setting money, we can calculate the risk and rewards in making transactions, so that we can measure whether the position is feasible or not to enter the market.

Having good technical analysis skills is very helpful, so we can predict where the market will move. However, relying on technical analysis alone will
not be enough to make a successful trader, with the aim of generating large profits. Other factors are needed, such as how we control our psychology,
so that when trading it is much calmer and not easy to panic. The conclusion is that trading is quite complicated, it takes patience to be a successful
trader, because there is no instant success.

[checkmatesir]

Trading really needs concentration and it require your most of the time specially when you are a newbie you need to learn more which require more and more of your time, because you have to learn some technical issues about trading and have to be an experience one if you want to get profit.

[Yamifoud]

One tip I can give to you and I think is the best is mastering the basics such as knowing the trends and trendlines, supports and resistance is one of the most important things. You could also study indicators such as RSI and MACD with the knowledge of supports and resistance and adding knowledge about indicators you can already create your own strategy. Honestly, I only used this support and resistance, trendlines, MACD and Volume.

on the other hand we also have to pay attention to the psychology of trading and money management. trading psychology greatly affects our trading success, even though we have analyzed it correctly, but because our psychology has not been formed, it is possible to panic sell. On the other hand, by setting money, we can calculate the risk and rewards in making transactions, so that we can measure whether the position is feasible or not to enter the market.

Having good technical analysis skills is very helpful, so we can predict where the market will move. However, relying on technical analysis alone will
not be enough to make a successful trader, with the aim of generating large profits. Other factors are needed, such as how we control our psychology,
so that when trading it is much calmer and not easy to panic. The conclusion is that trading is quite complicated, it takes patience to be a successful
trader, because there is no instant success.

Technical analysis is very important in trading but it doesn't mean we are totally good at it. We never have to forget the volatility of the market and even though we think ourselves being good at TA but still, it never gives the assurance that our prediction is always right, might be always wrong, instead. We have to become flexible enough in order to adapt to the market changes and that I think is the only way not to get behind. But of course, it accompanied with our technical skills and our oositive mindset.

[Hobo66]

As you all know that trading is about ups and downs, so it is important to enhance your expertise in trading. You should have patience while you are trading. Investors should have command on their investment. It is important to have clear concept about trading. Because absence of  understanding can cause big lose in trading.

[akar87]

If you can keep stay and always patience waiting when the best time for entry you not really need skill, looks what happen last few hours when bitcoin suddenly dump, if you keep wait best moment you can buy potential coin like BNB, SOL, LTC, MATIC with lower price, wait tomorrow when bitcoin up your profit is easy more than 10% until 20%.

[wxa7115]

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 

You are not wrong however where that calm is going to come from? Expert investors or traders can remain calm even in the most difficult of circumstances as they know very well what they are doing as they have complete confidence and mastery over what they are doing.

But for a newbie trader that does not know what they are doing then this is going to be impossible as they will get scared at even the slightest movement of the market as they have no idea of what is going on, and as such it is impossible for them to remain calm when things really begin to go badly in the market.

[Jazzi Mahesh]

You could develop your skills by practicing it daily in the Forex Market with small investments.

[albon]

If you are a beginner in trading, you need skills, knowledge, and available capital This is what cryptocurrency trading requires. If you want to trade in the cryptocurrency market, you must first ensure that you have all the relevant skills to analyze the market and even have a successful trading in this volatile market, you should keep your emotions up and don't let FOMO rule you.

[Fredomago]

You are not wrong however where that calm is going to come from? Expert investors or traders can remain calm even in the most difficult of circumstances as they know very well what they are doing as they have complete confidence and mastery over what they are doing.

That calmness coming from your knowledge beyond the business that you are taking will keep you in good position, knowing that even there's ongoing trial with your investment the chance that it will bounce back is possible, instead of panicking you'll just continue to monitor and if does you still have a good amount of spare money, more likely you'll buy more knowing that it's another opportunities to hold more.

But for a newbie trader that does not know what they are doing then this is going to be impossible as they will get scared at even the slightest movement of the market as they have no idea of what is going on, and as such it is impossible for them to remain calm when things really begin to go badly in the market.

Most likely it will going to happen with people who just been influenced by other people's success, those are after with gains without
doing some research about the risk that also inside this industry.

[gabbie2010]

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.

I believed the first step is pick one or two trading strategies you found on YouTube or online, basically it has to do with charts, as a newbie limit your chart to a minimum of 4 hour timeframe, study and start charting analysis by knowing when to buy and sell with the aid of the candlesticks patterns and one or two indicators all these are Technical Analysis TA, thereafter start practicing how to trade using a demo or stimulator, you can as well signup with CryptoParrot, a site where a newbie can practically place a demo trade, once you are able to earn profits consistently then you can think of using real funds

[john_nautica]

Has anyone here give already a tip about Candlestick patterns? Well I found it very useful in 4 hour to 1 day timeframe also I do have other indicators that help me to accurately predict the market, you can just search on google image Trading Divergence Patterns this is useful to big time frame such as 4 hour to 1 day. I don't know if it works to others but it works fine to me.

[slaman29]

I would say those preparing extensively aren't just few among the noobs but among the experienced ones too. There are people who got lucky getting in at the right time thinking they own trading skillz.

Not a rare occurrence. You're confident because you believe what's coming. Nowadays it is quite easy to be comfortable with profits. Smart guys make their money regardless of market conditions. Basically a dump-and-pump initiative, so not considering quick returns. HODL you must, and you'll earn big money. People looking for altcoins that could make them rich. Research and worry no more.
[/quote]

Yes I get it, smart guys do that all the time, they don't need to be in a bull market but as I was saying, most people don't realize that. They think they trade for 6 months and make money every month when the price goes down or up, they have no idea what a -80% pullback multiyear winter looks like.

Everyone thinks they're the smart one but in reality the smart ones don't even have time posting in this section I think lol.

Like your words: hodl and you will earn, research and worry no more. It's so obvious you don't have a clue this is bad advice. So bad!

[iv4n]

For me, the best option for improving performance was a demo account. This is the easiest way to learn how to work, as for me. I used a demo account of the broker that I work for - the Amarkets broker. I was quite pleased with the results.

I am not for that, it's better to risk some money you can afford to lose and to practice with that, the real thing! If you have some talents you can make a decent bankroll even from some low starting balance, if not then you will check if trading is for you or not!

Skill is something you get from learning and practicing! Of course, some people are better with numbers than others, but anyone can learn the basics and start from there! Will you sharpen your skills or not depends on many factors, but in the end, if you don't try you you can't know what can happen and if something suits you or not!

[Silberman]

You could develop your skills by practicing it daily in the Forex Market with small investments.

I disagree, this is not really an option, to begin with the capital needed is very different among the two markets, you can enter this market with something as low as 20 dollars but in order for you to do the same in the forex market you needs thousands of dollars, so this is not realistic, another problem has to do with the fact that the markets move very differently and this means that you are not going to learn as much as you think about how to trade this market if you trade Forex.