Understand trading

[jostorres]

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

Trading is over popular and available to everyone but these cannot be the right reasons for you to get into trading because trading is suitable for only very few people who are finding more free time to analyze the market and to monitor the market movements. So, if you are able to remain committed toward dedicating your time and efforts for learning all the requirements of trading then you may decide to get into trading. Still, your level of capital and risk and money management skills alone will decide your profit levels in trading. So, I guess you must take at least one year of time for preparation of trading.

[1715611774]

1715611774

[doremonchina]

if you can understand trading then first make a trading account then read some market position that when market crush and when stable and also learn about  analyze the market and coins graph if you learn will about market then make some practice of trading in small amount and keep eyes on market position if you

learn these things then start risk free trading and make good profit.

[palle11]

Most of the time the majority of the community who got entered here in the forum particularly newbies they mostly lack of knowledge in trading here in cryptocurrency, even they get a little bit idea this newbies felt they are experts. Therefore, in trading we should learn continuously here in crypto space never stop until we get what we are aiming in the cryptocurrency. 

The major challenge ol newbie is greed and that is the problem that will make many lose their money. leverage trading, martingale and some more are fast ways to gather profit but it is suppose to be a risk taken by experienced traders. Newbie that doesn't want to be patient and learn the ways to trade and also the risk involved in the business may keep having the trading challenge. Learning every bit of trade is important to succeed and patience is key, it is a rise and fall adventure until it gets better.

[RILWAN]

First get adequate knowledge of the trading pair you want to choose and try to start your trading journey with a small capital and with a single pair in other to be able to concentrate accurately.

[GeorgeJohn]

What are the most recommended methods that one could use to Understand trading?

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

For you to trade you need to learn how to trade the market whether Cryptocurrency market or other financial markets. In trading we three perspectives which you can trade the market from. They are:
✓ Fundamental perspective
✓ Technical perspective
✓ Sentimental perspective

Fundamental perspective involve using news and other information that are gotten from the market activities to analyze the market. Fundamental perspective is a very important tools in the market that can give much profits if a trader knows how to play their games well.

Technical Perspective involve data gotten from the market charts based on previous market reactions. They include Candle Sticks, Market Structure, Chart patterns, etc. Technical analysis is the most popular tools that are used in the market to predict future price movement of the market.

Sentimental Perspective involves individual perspectives of the market, how the price movements can be used to analyze the market.

You need to learn at least the fundamental and the Technical perspectives to be able to be good in analysing the market. Trading is risky and treat it with caution.

[Dewi Aries]

What are the most recommended methods that one could use to Understand trading?

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

There are no spesific method in trading, we analyze by ourself or maybe ask for signal and then trade with our own way. Or maybe if there are method is copy trade which nowadays there are some websites that allow people to do copy trading so we can copy what other people order right after they execute it, but there are no guarantee if we will always get profit in there.

[bitgolden]

maybe if there are method is copy trade which nowadays there are some websites that allow people to do copy trading so we can copy what other people order right after they execute it, but there are no guarantee if we will always get profit in there.

Copy trading is very much similar to buying signals and as far as I have watched none of my friends were profitable through copy trading functionalities as they need to pay monthly subscriptions along with losing trades.

I have seen many traders who are buying signals, trading with the help of bots for automated trading and copy trading by following pro traders. But at the end of the day, there are a lot of other criteria we need to consider for making consistent profits from trading. Because, just getting signal alone will not decide our profit/losses in trading but timely decisions and how many positions we are taking and how we are making use of trailing stoploss kind of things are more important even you are getting very good signals from any of above resources.

[Eureka_07]

What are the most recommended methods that one could use to Understand trading?

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

There are no spesific method in trading, we analyze by ourself or maybe ask for signal and then trade with our own way. Or maybe if there are method is copy trade which nowadays there are some websites that allow people to do copy trading so we can copy what other people order right after they execute it, but there are no guarantee if we will always get profit in there.

I think he is referring to the methods/styles of trading (scalping, day trading, swing trading, momentum trading, and position trading. So to say, there should be specific trading methods we can reffer.
I'm not an expert trader, and honestly, I lack experience on trading. I don't know if spot trading is one of the best as it is less risky than position trading.

[Rajamuda]

From every effort that will be made... of course it is necessary to explore many things related to these efforts, especially in terms of trading, the more popular it is... it will be more kinds of trading as well as several ways or strategies that can be done. Not only understand, but precision is also very necessary because in this case... we are playing with risk.

[RealMalatesta]

Not only understand, but precision is also very necessary because in this case... we are playing with risk.

Yeah, this is the reason pro traders are always suggesting about practicing with least capital to gain real-time experience so that it can be more precise while trading. I agree trading is a kind of playing with the risks but people who are skilled enough might be finding it more easier than we could assume about it. Anything could not be possible from the day one itself but practicing and keep on learning will make anyone to be a professional trader over the course of time.

Honestly I'm not into active trading in crypto space right now because I am comfortable with my long-term holding which is getting me good profits to support my living rather than looking for anything from active trading of cryptos.

[justdimin]

maybe if there are method is copy trade which nowadays there are some websites that allow people to do copy trading so we can copy what other people order right after they execute it, but there are no guarantee if we will always get profit in there.

Copy trading is very much similar to buying signals and as far as I have watched none of my friends were profitable through copy trading functionalities as they need to pay monthly subscriptions along with losing trades.

I have seen many traders who are buying signals, trading with the help of bots for automated trading and copy trading by following pro traders. But at the end of the day, there are a lot of other criteria we need to consider for making consistent profits from trading. Because, just getting signal alone will not decide our profit/losses in trading but timely decisions and how many positions we are taking and how we are making use of trailing stoploss kind of things are more important even you are getting very good signals from any of above resources.

There is a tiny difference of the trader actually trading what they suggest you as well. Signal groups gives you something but they are not required to do that themselves, they may or they may not but that is not a requirement.

In copy trading, you see what someone does and trade accordingly, so if you lose money that means they lose money as well and that is not something anyone would want to do which is why you have an added pressure of both making others money but also making yourself money there as well.

Buying signals is just building a bot that notifies when BB drops under 20 or something like that, indicator and numbers could change but the idea is very simple and it is understandable when they lose money as well, because it is too simple of a calculation for bitcoin price prediction and if you underestimate bitcoin then you will lose a lot.

[rahmatullah9305]

What are the most recommended methods that one could use to Understand trading?

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

Forex is the most risky trade, traders often experience emotional and psychology chaos. if your knowledge of Forex trading is still a little better to trade in Cryptocurrencies. I used to trade in forex and learned some indicators and compensation techniques to open the next trade, but because the risk was too big and have lost many times I quit and stick with crypto.

[cryp24x]

What are the most recommended methods that one could use to Understand trading?

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

I think the most effective way for us to understand trading in cryptocurrency is the experience in playing it.
Unlike in theory the adaption of learning is much more faster through experience in the actual trade. This is proven and tested
to me for a couple of years to be honest with you mate. Though, facing loses is just a normal thing for the traders whether you are
a newbie or not.

[michellee]

Understand trading means you learn about analysis when you enter the market, place your order buy or sell and many others. Besides that, you should learn how to manage the risk of trading as we never know when the price will spike to the higher price or vice versa. But if you can analyze the market and the movements, maybe you can get information that you can use for yourself and know what you need to do. It needs patience to learn to trade and you can not become a pro trader in just one night. You need to have more experience becoming a pro trader because the crypto market will always change day by day.

[gabbie2010]

What are the most recommended methods that one could use to Understand trading?

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

Checkout youtube which is the most favorite and dependable avenue where to learn trading of course their are numerous videos ranging from different trading strategies and methods, of which you can settle with of them and start practicing using a demo or a trading stimulator, there are also videos on how to register and start trading in any of preferred exchanges, more so risk and money management trading psychology etc this will definitely going to take some time for you to be able to master it all, all these are necessary towards becoming a profitable trader.

[matchi2011]

Understand trading means you learn about analysis when you enter the market, place your order buy or sell and many others. Besides that, you should learn how to manage the risk of trading as we never know when the price will spike to the higher price or vice versa. But if you can analyze the market and the movements, maybe you can get information that you can use for yourself and know what you need to do. It needs patience to learn to trade and you can not become a pro trader in just one night. You need to have more experience becoming a pro trader because the crypto market will always change day by day.

To understand the whole concept, then it really needs longer patience. Everything that you needed to know about this business is learnable when you already performing your trade. It's not easy but if you really wanted to have more information then by experienced,
you'll be able to catch it up and able to perform what is best for your investment.

There's no rushing at all. Best to start from the scratch and able to enhance your knowledge from time to time.

[SquallLeonhart]

What are the most recommended methods that one could use to Understand trading?

Trading has become fairly popular, as it is now accessible to everyone while also increasing one's income. However, a lack of information can be risky because it might result in losses. This is why, before entering the forex market, one should get a thorough understanding of the subject.

For anyone that wants to be a good trader I think the number one thing is that they should learn to read.Learning to read is important because for you to become a good trader, you have to be reading books that are written by professionals in this sector.

When you start reading books ,and news, and other articles that has to do with trading they are going to help you as time goes on to understand what trading really is all about, and you will see how good you will become, because they are going to widen your knowledge and help you to understand.Another thing I would like to state out is that some people think fundamental analysis is enough, it might be good to an extent but you also need to learn technical analysis. Finally you have to keep practicing.

[nurilham]

first, knowledge is the main thing. trading without sufficient knowledge will harm yourself so first deepen our knowledge about trading. besides that experience also influences the learning process where we can learn from our own experiences so that we can be better in the future. make a strategy in trading by understanding the movement of the crypto market. don't give up easily and be provoked by market conditions that go up and down, stay in your stance that whatever happens in the crypto market stay calm and don't do panic sell.

[Rengga Jati]

This is why, before entering the forex market, one should get a thorough understanding of the subject.

Do you mean trading forex?

Well, I am not a forex trader, but you may read this article:
https://www.forex.com/en/education/education-themes/trading-concepts/how-to-trade-forex/
At least, you know at first about how to start trading forex, because it may be quite different from trading crypto (although it has actually similarities and also differences).

But basically, if you are asking here, you should ask about trading crypto. Because most people here may probably know more about crypto than forex.
Yes, before trading, whatever it is, you should know what to trade.
I always check on Coin market Cap in order to know what crypto and the lists of cryptos have high trading volume.
Then, there will be also some consideration about the fundamentals and also its analysis.

And if it is about trading crypto for beginners, you may check these videos:
https://youtu.be/mQvw5JXXnrQ
https://www.youtube.com/watch?v=tkz90RrnZZA

[michellee]

Understand trading means you learn about analysis when you enter the market, place your order buy or sell and many others. Besides that, you should learn how to manage the risk of trading as we never know when the price will spike to the higher price or vice versa. But if you can analyze the market and the movements, maybe you can get information that you can use for yourself and know what you need to do. It needs patience to learn to trade and you can not become a pro trader in just one night. You need to have more experience becoming a pro trader because the crypto market will always change day by day.

To understand the whole concept, then it really needs longer patience. Everything that you needed to know about this business is learnable when you already performing your trade. It's not easy but if you really wanted to have more information then by experienced,
you'll be able to catch it up and able to perform what is best for your investment.

There's no rushing at all. Best to start from the scratch and able to enhance your knowledge from time to time.

Yes, that is why not all people succeed in learning to trade because they feel tired to patient. They do not understand the process of learning itself that can not get in a shortly. Well, some people can quickly understand the lesson but not for other people. If you can be patient and not rush to learn every lesson, you will have the information and knowledge to become a pro trader. Every people who want to become a pro trader will face this and that is their way to know the process of learning.