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Author Topic: What if I don't know how to trade  (Read 598 times)
BernyJB
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December 14, 2021, 02:41:41 PM
 #41

Sometimes when I scroll through the forum threads, I'm always amazed to see questions like; Can someone teach me how to trade? Where can I learn how to trade? How can I use indicator to trade? You know what? These questions always get what they deserves. The right answers always pop-up on the table for everyone to learn from different perspectives. Bitcontalk.org is a great library of information from substantial sources, so don't mess with it!

How can I learn how to trade? This is a question every had been asked from one time to another, from one person to another without paying much attention to what it would take to be a trader or one losing trades. Trading is just like a game of thrones. The tough will end up getting the balls rolling when the weak might have left the track due to inconsistency, fear, ignorance, weak strategies, weak risk management and greed.
 
You can either get trading skills here on the forum by asking questions and getting answers or attaching your time with sites/platforms that give trading lecturers, be it online or physical classes.

Are you going into trading for the money or for the knowledge?
Don't be too faster than your shadow, trading is not meant for the lazy. Don't think immediately you get into trading, you'll making money, cos time is necessarily important to gain mastery. The great traders who are making great profits from trading had already sow the seed and now reaping their harvest so let's be patient. Don't rush cos slow and steady wins the race..."Power of consistency" with brain not just working blindly.

Get the skill before going for the money. More money is the goal but a sacrifice has to made. We need to learn thoroughly become dexterously brilliant to analyze the market. Do fool yourself with greed or over curiosity cos it might lead to confusion not necessarily becoming a short term deficiency but a continuous defect that can relinquish our faculty of the market.

I might argue that somebody that starts a thread like you posted above is ALREADY trying to learn.  About the skills, no forum will ever give you that. You get skilled by getting your hands dirty, no way around it.
True, different people look for different ways to learn. I wouldn't dream to go to a forum empty handed. Before even joining this forum I had already taken 3 different courses on cryptocurrency trading and investing. Right now I'm downloading my 7th. But you take a risk either way. I wouldn't feel comfortable asking others to work for me for free, if I hadn't done at least "some" legwork previously.
Then, of course, will come the time to put that knowledge to the test. That's the "skill" part, and at that you're alone, unless you have the means to hire a mentor. That's where I'm at, right now. I have gained a great deal of knowledge here, over the last few weeks, and I'm eternally grateful to those that took the time to help me, but I don't daydream: I know this is gonna have a cost, and I'm trying (best I can) to make it as low as possible.

Then again, different people have different circumstances. I can follow Internet courses because I have a computer to download them into, and the knowledge to do so. A lot of people don't.
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December 16, 2021, 08:50:43 AM
 #42

Learning how to trade is just the starting point if you can't level up your knowledge consistently then there is no point starting the process at all. Trading is an everyday adventure and as such you keep adapting to the market learning everyday. Losses is part of the learning process and a better way of getting to know the market better. This questions will keep popping up because the market structure can never be completely understood it's an everyday learning process
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December 16, 2021, 07:10:26 PM
 #43

Trading is simply buying and selling taking place at the same time. A lot of persons grab this definition and think that the crypto market trading is all about buying a particular coin and hold on to it. Some others even get the buy low, sell high principle but still, they get into loses each time they try trading.

Trading is nothing something you just rush over with scanty or fad ideas of how the market works and reoccurring conditions that could necessitate an action which is either buy or sell. One has got to study the antiques of the market, come up with a strategy and get used to it through several practises on a demo platform before putting out some real money. Otherwise, you might not just loose but also, swim in depth. Trading is a highly professional field.

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December 16, 2021, 07:36:58 PM
 #44

Yeah, you are right at some points, but also you don't give a proper solution either. You do give some better places to learn trading. You mentioned some points, like we are following lots of people, that's why we can't get proper guidance about trading, because the reason is that we are always finding free things. We find free courses. That's why we failed. We search for lots of influencers' courses and follow them. That's why we can't complete any course and we can't get any knowledge. But in the courses I took, they always talk about profit, where they show less risk. And their main goal is to sell the courses. If you can give us a better place to learn it, then it will be great for us. By the way, thanks for the info that you provided.
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December 16, 2021, 10:07:55 PM
 #45

Trading is simply buying and selling taking place at the same time. A lot of persons grab this definition and think that the crypto market trading is all about buying a particular coin and hold on to it. Some others even get the buy low, sell high principle but still, they get into loses each time they try trading.
That concept you narrate is typical example of Trading from my perception consideration of trading, we all know that Trading always hit the nail at buying and selling of cryptocurrencies in general wether profit involve or lost, all of them are involvements of Trading, so from my own objectives hodling a particular coin can't be consider as trade, i only seen it as long time investment, so anything exchanging of coin in order to make profit is trading from my perception, everybody have he or her definition to portray as Trading per say.

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December 16, 2021, 10:31:45 PM
 #46

Yeah, you are right at some points, but also you don't give a proper solution either. You do give some better places to learn trading. You mentioned some points, like we are following lots of people, that's why we can't get proper guidance about trading, because the reason is that we are always finding free things. We find free courses. That's why we failed. We search for lots of influencers' courses and follow them. That's why we can't complete any course and we can't get any knowledge. But in the courses I took, they always talk about profit, where they show less risk. And their main goal is to sell the courses. If you can give us a better place to learn it, then it will be great for us. By the way, thanks for the info that you provided.
Learning about trading will certainly lie on us personally. There might be people who get involved in learning but it was us who work it hard to find the answers and the learnings we needed in trading. I'm following some people who are good in trading and sometimes doing a copy trade but not all of these works for me, maybe because there is something been hidden and being an untold story that keeps those people succeeding. That was a secrete recipe.

Trading isn't a joke nor was a an easy job and therefore, we have to think about that and act wisely.

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December 17, 2021, 09:44:23 PM
 #47

What if I don't know how to trade
Just two simple answers from me:
- Don't trade at this time. never trade if you don't know how to trade
- Learn how to trade before trading exactly

How can I learn how to trade?
Start from understanding about cryptocurrency, exchanges, and also basic skills of trading, its benefits, its loss probabilities, its risks, and it is chance of earning money. Then, you can develop to know which are coins better for trading, which are not, about indicators and other analysis of trading in certain exchanges. Some tutorials on YouTube and other sites are helpful.
Try learning from the simplest thing.

Are you going into trading for the money or for the knowledge?
I am trading using my money and knowledge to earn money, and I am also trading by doing the learning.

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December 18, 2021, 07:20:22 PM
 #48

<...>
Trading isn't a joke nor was a an easy job and therefore, we have to think about that and act wisely.

Unfortunately, not many crypto traders do that. In fact, the vast majority have been losing money. The main reason why many traders lost money was lack of basic knowledge. On the other hand, we are witnessing the emergence of alternative financial instruments that offer more stable results in a very short period of time. On top of that, they provide you with the chance to protect your capital during a decline in prices.

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December 18, 2021, 07:41:22 PM
 #49

Trading gats no joy for the novice. Run far from trading if you can't trade professionally. Trading is not something to give a trier if you don't understand the basics.
To be an investor in a project is more relaxing than when trading with money that you're not sure whether you'll be on the losing side or not(profits)

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December 18, 2021, 07:47:37 PM
 #50

Trading gats no joy for the novice. Run far from trading if you can't trade professionally. Trading is not something to give a trier if you don't understand the basics.
To be an investor in a project is more relaxing than when trading with money that you're not whether you'll be on the losing side or not
That is very important to evaluate ourselves of what a thing we can do, in fact, trading is not for everyone. And just like what OP is saying, he probably finds another way to make money or has to push himself to know about trading. But as many people say, this can never be easy and shouldn't be thinking it could be lean instantly. That is why if we are impatient people, it is a need for us to move on and forget about trading as a side from being costly to learn about this, that certainly it takes time.
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December 18, 2021, 08:36:59 PM
 #51

I'm sorry, but if I would get 1 BTC for every "trading advice" thread posted on Bitcointalk with almost the same exact "advice" that's just rehashed in dozens and dozens of ways, I'd probably already have the total supply by now.
It could really be frustrating, every -Newbies- want to give an important education about trading, in the own virtual world, they have wrapped their hands around everything that it takes to trade Crypto-currency, but let me bring them back to reality, even the most experienced hands in trading still losses funds in trading, also like in my normal fashion, trading isn't a must or is it for everyone, while falling victim to bad trade and also to scam traders only the generalize crypto-currency as a death trap.

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December 23, 2021, 11:41:43 PM
 #52

In whatever cases, not only in trading, Never do anything that you actually don't know, moreover related to money until you really know and understand about it.
By means, be careful of yourself, of your ways in making decision with your money.
Many people lose their money because they are doing something that are very risky but in fact they know nothing about it.
It is not only about trading but also  investment.
I suggest you to learn at first, Learning today doesn't mean that you are late to learn. Learning is whenever you want to start.
Learn anything about crypt, about trading, investing, and more other activities related to crypto, learn also the ways to secure your assets.
there are so many sources to learn about trading and all those things in internet and also in this forum. What you need is about wiling to  read, learn, and understand them at first.
After ready with the risks and understand trading, you can start trading with small capitals at first to start learning by doing.

R


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December 24, 2021, 04:03:43 PM
Merited by NeuroticFish (1)
 #53

I think that trading is not for everyone . Trading is risky, trading requires learning, trading requires a certain mental discipline .
If someone thinks they have it all, they can start learning and playing with small amounts of money.
It is important that it is your money (not credit money), remember there is always a risk)

Wait a second, those sentences sound familiar. Oh wait, I got it!
You are so lazy !!

Wait a second... you've missed something.
How about another start: trading is not for everybody. Trading is risky, trading needs learning, trading needs a certain mental discipline (i.e. balls).
If one thinks he has all this, then he can start learning and playing with tiny amounts
(and clearly no leverage).

And then the other advises of yours start to make sense.

Didn't expect this in the same thread  Grin

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December 24, 2021, 05:43:31 PM
Merited by Yamifoud (1)
 #54

If we are interested in something, it definitely needs to find a way to make it and learn how to do it, this can be applied to trading.
What if I don't know how to trade? Then must-have to know about trading! That is the thing we should have to do in the first place and we keep asking, reading books, searching online, and etc...to further enhance our knowledge and get some ideas.

because if we just do nothing, no way we are able to learn to trade. Maybe, it was also the time to ask ourselves if we are willing to learn even it takes months or years, or if we just give up.


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December 24, 2021, 05:55:35 PM
 #55

Most of the new trader thinks about that trading is very easy but this is totally opposite about that. without any learning that how markets have moves? and when we enter right time ? they have nothing about that so first learning vert important as well as fundamental new we have to focus on them . some time market have behaves on the basis on news . so first learning then you can a successful trader

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December 24, 2021, 06:32:20 PM
 #56

Didn't expect this in the same thread  Grin
Report it as plagiarism.



In whatever cases, not only in trading, Never do anything that you actually don't know, moreover related to money until you really know and understand about it.
The first point here is to start learning before you actually spend money on the  high risk activity "investing and trading". It is never advised to anyone to invest or trade if they do not know what crypto is or the asset they are going to choose. This is an activity that involves real money where loss is the most real risk a person experiences. So I think it will never be good to do if they don't have basic knowledge about it.

-snip-
Yes, it's about learning. But sometimes a person also needs experience to make him more careful in making decisions. Theory alone may never allow us to truly understand how markets work, so experience is needed too. Hence, it is advised to study and start considering the risks involved and do so very carefully and never to be greedy.

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December 24, 2021, 09:32:24 PM
 #57

...Get the skill before going for the money. More money is the goal but a sacrifice has to made. We need to learn thoroughly become dexterously brilliant to analyze the market. Do fool yourself with greed or over curiosity cos it might lead to confusion not necessarily becoming a short term deficiency but a continuous defect that can relinquish our faculty of the market.

Very few traders can trade with a good profit. This is the dream of any trader, but most of them trade in a small plus, which nevertheless allows you to have a profit on the result, which is sufficient to ensure life. But most market participants do not achieve such results, despite attempts to learn, in this case it is necessary to focus on long-term investment, which usually gives more profit than day trading.

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December 25, 2021, 04:42:51 PM
 #58

Sometimes when I scroll through the forum threads, I'm always amazed to see questions like; Can someone teach me how to trade? Where can I learn how to trade? How can I use indicator to trade? You know what? These questions always get what they deserves. The right answers always pop-up on the table for everyone to learn from different perspectives. Bitcontalk.org is a great library of information from substantial sources, so don't mess with it!

How can I learn how to trade? This is a question every had been asked from one time to another, from one person to another without paying much attention to what it would take to be a trader or one losing trades. Trading is just like a game of thrones. The tough will end up getting the balls rolling when the weak might have left the track due to inconsistency, fear, ignorance, weak strategies, weak risk management and greed.
 
You can either get trading skills here on the forum by asking questions and getting answers or attaching your time with sites/platforms that give trading lecturers, be it online or physical classes.

Are you going into trading for the money or for the knowledge?
Don't be too faster than your shadow, trading is not meant for the lazy. Don't think immediately you get into trading, you'll making money, cos time is necessarily important to gain mastery. The great traders who are making great profits from trading had already sow the seed and now reaping their harvest so let's be patient. Don't rush cos slow and steady wins the race..."Power of consistency" with brain not just working blindly.

Get the skill before going for the money. More money is the goal but a sacrifice has to made. We need to learn thoroughly become dexterously brilliant to analyze the market. Do fool yourself with greed or over curiosity cos it might lead to confusion not necessarily becoming a short term deficiency but a continuous defect that can relinquish our faculty of the market.





I will give you a one year and one week course on trading.

pick a shit coin.

say doge

buy 10 usd of it 52 weeks in a row.

no matter what happens to the coins value hodl it

the cost would be $520  on the 53rd week send me a pm and post back here in this thread.

if you can not hodl that coin all that time if you can not pay the $10 a week for more coin most likely you will not be a good trader.

you fail the patient and discipline test.

good luck in whatever you do.

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December 28, 2021, 10:30:42 PM
 #59

All traders want to earn a lot, but in fact very few traders can trade with good profits. most of them trade with a small surplus, which nevertheless allows profits on the result, enough to ensure life. But most market participants do not achieve such results despite trying to learn, in which case you should focus on long-term investing, which usually yields more profits than day trading.
Is not all traders that knows how to trade Bitcoin, but all traders knows how to lose in trading, this is the difference between trading to make profit and not making profit, the profit of a trader come by chances both the good one and the bad one, when opportunity comes any trader who is in market will benefit the market profit immediately
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December 28, 2021, 11:00:30 PM
 #60

All traders want to earn a lot, but in fact very few traders can trade with good profits. most of them trade with a small surplus, which nevertheless allows profits on the result, enough to ensure life. But most market participants do not achieve such results despite trying to learn, in which case you should focus on long-term investing, which usually yields more profits than day trading.
Is not all traders that knows how to trade Bitcoin, but all traders knows how to lose in trading, this is the difference between trading to make profit and not making profit, the profit of a trader come by chances both the good one and the bad one, when opportunity comes any trader who is in market will benefit the market profit immediately
This is emphatically your own point if view seriously....
Does it mean any trader that doesn't know his left from right will just start getting benefits simply because he's active in the market when the benefits came? No!
Some traders don't understand how to read new and follow it correctly, not to talk of staking coins to trade appropriately...
You would have said if it were a general profit drop, everyone active at that point can enjoy....I leave no doubts

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