Understand trading

[amirahmed]

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.

[1714821239]

1714821239

[Zilon]

Trading isn't like gambling where you take your games based on probability. For trading you need to gain mastery of how each Market behaves with a grounded knowledge about candle sticks and how the news affect this candle sticks.
For a start you need to

• Get the knowledge
• practice, practice, practice on a demo account
• fund a live account

Mind you to remain profitable in trading business you need to keep your knowledge updated from time to time. Traders are consistent readers

[mk4]

Depends on what you specifically mean by "understanding trading" because that's pretty broad lol.

If you meant understand the concept of trading, then simply just read dozens of articles freely available online.

If you meant understand how to trade specifically, then it's mostly just practice + a bit of psychology(controlling your emotions and all that).

[jossiel]

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.

It is true that having little knowledge is dangerous because you'll lean on that knowledge and you'll think that you've got enough.

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

But this isn't the forex market but a bitcoin or crypto market and a bitcoin forum.

[Maus0728]

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

Understanding trading is an umbrella term which could give you a lot of answers and methods on how you could potentially make profits in the long run, this means that you need to do lot of reading, charting and testing multiple strategies to familiarize yourself from the repeating patterns that occurs on graph until you become comfortable in trading the market.

Or if you are looking for some resources to learn the basic concept of trading then I highly suggest to check this --> https://github.com/SpiralDevelopment/Awesome-Crypto-Trading.

[taufik123]

why should you start in the forex market? are you a forex player who makes a trhead on bitcointalk inhabited by crypto activists.

if you ask about what method is recommended, you should try it first. There are many technical analysis methods that can be used. Technicals are also combined with fundamentals, and the initial strategy also needs to be determined. and what becomes very important is to do capital management, risk management and train psychology. So there's a lot to understand. The most important thing is to learn the basics first.

[BitMaxz]

I think you are looking for some guide to avoid losses in your future trading plan?

There are many people who already ask the same thing here on the forum or related to this topic but overall, they are all the same.
If you want to learn about trading and understand how it works there are some links that I know could help you start to learn about trading including free and paid tools.

Here's the link "Awesome trading guides and tools"
Don't forget to use the trading simulator under that link and use the skill that you learn from guides there and apply you don't need to spend money to practice just make sure to think like real trading.

[danherbias07]

Even if you get a hold with the right information losses will be there. The volatility will rekt you if you are greedy with taking high profits.
It's not like in just a blink of an eye claims will always be there. Traders should be emotionless to make the right choices and some added good luck that it won't go the other way from their prediction.
Volatility is such a mess but if done right it could be really profitable. Safe mode had always been my position with just little profits of income. It's not my daily job so I don't need to hustle.

[Fesatmas]

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.

With limited knowledge, you should avoid trading on Forex. I suggest you pay more attention to the charts which will give you more time to control the trade. In fact, many people closest to me have complained when they started trading but entered the Forex market. Nothing profitable there. Then I introduced crypto to them until now they just said "I regret why I didn't trade crypto in the first place, I regret knowing Forex as the first trading platform known".

From this statement, can you take the point?

[teosanru]

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 it's just like any other subject or business, if you are putting in money in any business without proper knowledge or information in that business you are bound to fail, it's just that trading especially margin can be so risky that it can take away your hard-earned savings in just a matter of minutes, just one wrong trade can finish everything for you.
The most recommended method when you start is just do spot trading and only do mid-term trading or longer-term trading, avoid day trading if you want some peace in your life.

Trading isn't like gambling where you take your games based on probability. For trading you need to gain mastery of how each Market behaves with a grounded knowledge about candle sticks and how the news affect this candle sticks.
For a start you need to

• Get the knowledge
• practice, practice, practice on a demo account
• fund a live account

Mind you to remain profitable in trading business you need to keep your knowledge updated from time to time. Traders are consistent readers

I don't know if you know trading or not, but probability is the most important element of a scientific trading system, otherwise, all you are doing is drawing lines and doing some self fulfiling prophecy.

[huu78]

Lots of good articles to understand trading. You can find references from many articles. If you asked 'how to understand market movements' you have already answered, lack of information will cost you. But so far I only use 1 way to follow the market movement, namely with fundamentals. I suggest learning the fundamentals.

[isaac_clarke22]

~

Most of the knowledge I got were all from youtube, but as what mk4 mentioned, specify what do you mean by "understanding trading". Learning indicators? Learning the UI of whatever exchange you're using to trade? There's a lot of what should be covered in understanding trading.
It's becoming popular, but it's really hard to learn the ropes if you're expecting to earn in your first day.

[milewilda]

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 market or Crypto market it doesnt really matter because you would really be still needing the same thing when it comes to trading.They would really just vary with the volatility you are dealing with but with
overall concept of buying and selling is really just the same.What are the methods? Start up with the basics from simple terms of those indicators or platforms would be used and the rest will really be varying or depending on the experience that you would able to get when you do trade.Dont stop on learning because trading is a never ending learning for someone who do engage with it.

[el kaka22]

The most important thing that you need to understand before starting to trade is that no matter how well experienced you are in trading something else, here when you start you are at zero. First you need to study the market and the way people trade before you do any trades.

If you come in crypto unprepared and start trading right away then there is a 90% chance that you will lose all of your money. Of course, that 10% is still not about you, just because there is a chance that you may come in during a great bull run and make a good profit from first day if you are lucky but that depends on the market and still not to you. This is why no matter what you should always study and learn trading in the crypto world specifically to make a profit, if you do not do that then you are going to end up losing a lot of money and that is never good for anyone.

[Ararbermas]

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

knowledge of course, because without such things you cannot understand how trading really works and etc, so must educate your self first before anythings else. In fact all the information can easily find in the internet wherein even you used a simple keywords for it.. Make it as your priority if you really want more information about trading its a big advantage to be honest..

[kapalmabur]

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

knowledge of course, because without such things you cannot understand how trading really works and etc, so must educate your self first before anythings else. In fact all the information can easily find in the internet wherein even you used a simple keywords for it.. Make it as your priority if you really want more information about trading its a big advantage to be honest..

Yes, with advances in technology, one of which is the internet that helps us to make it easier to get information,
it depends on how serious we are in learning to trade,
so basically we don't need to worry because there is a lot of information about how to trade well on the internet

[electronicash]

you go deeper into what they say buy low.sell high. this is what you will mostly hear from some traders who are providing tutorials for newbies but its not really that simple. becuase you need to identify how low and when can you consider the price to be low. this goes also for how high the price should be for you to decide to sell.

understanding every aspect can only be acheived when you applied what you learned after some loss.

[palle11]

understanding every aspect can only be acheived when you applied what you learned after some loss.

I take this advise as a good reason to know how to trade. Everyone trader has a strategy to trade but often we make loses and not just loses but huge loses that will take our accounts out from the market. Those times are important times for a review on the reasons to the lose and if we get to understand why we lost, we can correct our mistake. Therefore, a newbie can start somewhere and gradually grow on the strategy.

[ethereumhunter]

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.

What do you mean by "understanding trading?" I think trading is an activity to buy and sell. So what you need to understand is how you buy and sell and learn more about trading, such as analysis, how to use indicators, how to search for the info, etc. Besides that, you need to learn when you can enter and stop trading so you do not buy the coin at a high price. You should learn many things about trading and the more lessons you can learn, the more you will understand about trading.

[sherenikaw]

the main point is to increase knowledge about trading, as much as possible multiply and deepen knowledge about trading. if it has been done then we can try it with a little capital first. all of that requires a process and also needs to be trained so it does need more effort. Over time, of course, we can understand and analyze the market well so that we can determine the right time to sell or buy coins. it is necessary so that we can make a profit in trading.