Learn more about trading

[sujonali1819]

What are some of the best ways to learn more about trading?

Ah by seeing the title only I thought maybe you will describe something trading. But you are asking here about how to learn trading. The common question which is described thousands of times in this forum. Lol

Btw to learn the trade you must have a good idea / experience about it. The more experience the more things you can learn. So one of the best way of learning trading is Practice and education about it.

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[Zilon]

What are some of the best ways to learn more about trading?

The best way is to learn and keep learning. Always note this you can never get perfect with your analysis you can only make improvements so this would keep you in the cycle of repeated learning even when you feel ok with your knowledge you still have to learn. It's only in gambling that you try out your luck trading isn't based on luck it's based on analysis and good analysis is a product of good research and studying so doing the needful will save you the heartbreak of losing your funds

[el kaka22]

That is the thing that every trader must do if they want to make a profit from trading. With the changing of the market many times, learning about trading will not stop because if they do not learn, they will not be able to get the coin and make a profit. It needs time to learn, but that is worth doing because if you can master the lessons, you can adapt to the market situations and know what you need to do related to the market situation. You do not need to follow the trading signal because you can analyze it by yourself.

That constant learning is the hardest part of the deal. I try to learn as fast as I could but I am not really a genius or even that smart, I may sound humble but I really do not like math hence why it takes me time. And at the end of the day I see so many great traders who find multiple angles to trade in a week when I just end up reading about how to do it let alone actually do one.

So, it is not that easy because you keep learning and by the time you think you know, there is something new that you need to study and learn and get used to and when that is over it is another and it keeps going like that. It is really not as simple as I imagined it would be, and it is really a difficult part of the deal. I still enjoy it though, learning new things doesn't need to end up with a profit for me, learning itself is a great feeling, makes me feel like I am doing something to improve myself.

[michellee]

That is the thing that every trader must do if they want to make a profit from trading. With the changing of the market many times, learning about trading will not stop because if they do not learn, they will not be able to get the coin and make a profit. It needs time to learn, but that is worth doing because if you can master the lessons, you can adapt to the market situations and know what you need to do related to the market situation. You do not need to follow the trading signal because you can analyze it by yourself.

That constant learning is the hardest part of the deal. I try to learn as fast as I could but I am not really a genius or even that smart, I may sound humble but I really do not like math hence why it takes me time. And at the end of the day I see so many great traders who find multiple angles to trade in a week when I just end up reading about how to do it let alone actually do one.

So, it is not that easy because you keep learning and by the time you think you know, there is something new that you need to study and learn and get used to and when that is over it is another and it keeps going like that. It is really not as simple as I imagined it would be, and it is really a difficult part of the deal. I still enjoy it though, learning new things doesn't need to end up with a profit for me, learning itself is a great feeling, makes me feel like I am doing something to improve myself.

Hey, I am not smart either. Maybe I need longer to understand something, especially about math. But that does not stop me from learning what I want because that is what I need to do if I want to know more details. It is no problem if we need longer than other people because we have different talents to know and understand.

I just continue to learn and practice trading because I believe that someday, I can have better skills in trading, which can help me have a better analysis. As long as we can enjoy the process and still learning without complaining, we will be there. And when we are there, we will amaze because we do not imagine how long the process we already through.

[breathlessz]

What are some of the best ways to learn more about trading?

The best way is to learn and keep learning. Always note this you can never get perfect with your analysis you can only make improvements so this would keep you in the cycle of repeated learning even when you feel ok with your knowledge you still have to learn. It's only in gambling that you try out your luck trading isn't based on luck it's based on analysis and good analysis is a product of good research and studying so doing the needful will save you the heartbreak of losing your funds

there will be no end to us learning about the market even though later we have become professional traders though, of course we will still learn to hone our knowledge about the market. and one more thing, don't let us feel arrogant because we can make a profit, because it can be the beginning of our downturn

[Victorycoin]

Watching videos on YouTube will be the most effective way to learn about trading. Everyone can analyze the rules of trading by watching the video. You will not find a good website but you can read PDF books which are very good for learning trading. You can try to understand the crypto market by yourself or you need to consider the list of topics before learning the trade. The trade has helped you increase your chances of winning.

[zanezane]

My experience for you is that before investing in an altcoin go to their Telegram social network and check if it works properly. Then go to the website to check the reliability as well as the project roadmap is correct or not>?

Not just that but an extensive research on the team and at the same time, they also need to make sure that the hype on the altcoin is still somewhat alive or something like that.

[RokokGudangGaram]

My experience for you is that before investing in an altcoin go to their Telegram social network and check if it works properly. Then go to the website to check the reliability as well as the project roadmap is correct or not>?

Not just that but an extensive research on the team and at the same time, they also need to make sure that the hype on the altcoin is still somewhat alive or something like that.

That's true, reading the roadmap alone is not enough  you need to go extensive research such as existing project or similar to that, look if they are active or any promotions or listing they are doing and the most important one is to understand what their project is by reading their whitepaper. The roadmap is just a rough time plan about their project.

[awik p]

My experience for you is that before investing in an altcoin go to their Telegram social network and check if it works properly. Then go to the website to check the reliability as well as the project roadmap is correct or not>?

Not just that but an extensive research on the team and at the same time, they also need to make sure that the hype on the altcoin is still somewhat alive or something like that.

That's true, reading the roadmap alone is not enough  you need to go extensive research such as existing project or similar to that, look if they are active or any promotions or listing they are doing and the most important one is to understand what their project is by reading their whitepaper. The roadmap is just a rough time plan about their project.

on the other hand, we have to understand the developer behind the project. with a good track record, then at least the project is worthy of being invested or traded while waiting for the price to pump. but we really have to be observant to do research, because this is very risky, otherwise we can trade on major coins which are purely for short-term trading using technical analysis, I think it's enough

[Silberman]

The same way you learn about literally anything else. Read and do research a lot, and of course, nothing beats actually trying out indicators and strategies yourself hands-on. Of course, you don't necessarily need to risk money immediately. You can use platforms like eToro that has virtual trading features.

This, I do no know where people get the idea that somehow you can learn about anything by doing nothing or that it will simply come naturally to you, even those people that we call talented at an activity have limited potential unless they polish that talent through hard work and study, and the same is true when it comes to trading, anyone that wants to become really good at it has no other option but to read many books and try all kind of strategies before they even dare to trade the markets.

[Rehan Zakir]

Youtube is the best way of learning knowledge without any cost. So, if anyone want to increase their knowledge in any field then they use youtube. Youtube is consists of lot of knowledge and its totally free. You can learn technical and fundamental course analysis from youtube.  These two are the most important things in trading. And you can also learn about the risk management is trading.

[LimLims]

What are some of the best ways to learn more about trading?

I really appreciate your courage as a newbie to ask that you frankly need to learn trading.
It’s really shows your positive attitude to learn something new.
So first of all the best way to learn trading is observing.
Observe great traders, see when they buy how much quantity they buy and when they sell.
Once you feel confident enough start with small amount and buy coins and feel the market.
Then choose the best coins to invest once you get enough knowledge of the calls and invest.
Hope this helps you .

[otundebis]

It is important to understand Cryptocurrency market and how dynamic the market is.  Learning basic language of traders and trading discussions is basic for the newbies. You should understand short position,  long position,  shorting,  longing,  resistance,  support  etc.  These vocabulary will help you to copy trade and understand what is been said!

[Mpamaegbu]

What are some of the best ways to learn more about trading?

I started with https://www.babypips.com/. Don't day it's a forex teaching site alone. Technically speaking, forex and cryptos have the same pattern of indicators running through them to guage the market. Choose fewer indicators so as to keep your charts clear and simple and make sure they're leading indicators, not lagging. Then move to YouTube to watch other traders do their thing, and you learn from them. YouTube is enriched with trading videos. Whatever you do whenever you commence trading, don't pick many tokens to trade at once. It distracts. Choose Bitcoin first and then you may gradually add other pairs with time.

[gabbie2010]

For me, the best option for learning and understanding the market was the demo account of the Amarkets company. I consider this option to be the simplest and most profitable for a trader.

After practicing on demo the next step is start trading with a small fund like $100 or any amount of money he can afford to lose, this is necessary to have a feel of live trading which is absolutely different from demo trading, though he might be profitable in demo trading but live trading is different ball game, once he is earning a considerable amount of profits consistently then he can increase the funds, bear in mind to achieve that feat requires a lot of learning, practicing and monitoring charts, which can span a lot of time.

[GreatArkansas]

I'll drop one of the best ways to learn too.
Applying your learnings is always a good move to test if you are really learning.
Using demo trading platform or testnets, is always good, there are some exchanges now have available testnet or demo for trading with no real money involved,
You can try bitmex testnet: https://testnet.bitmex.com/
or Bybit testnet: https://testnet.bybit.com/

[MiF]

What are some of the best ways to learn more about trading?

There is a lot of way on how to trade you can search it on Google or you can ask your friends who already knows about it. A proper trading strategy involves careful calculations with precise entry and exit points. A moving average (MA) is a technical indicator used to smooth out price data on various assets. You can also learn everything here in the furom just don't rush it and you'll be good.

[Yamifoud]

All the things are needed I think it has been said already but to ask you OP, are ready to face the consequences? If you're not, I think you should have to address this first before going to start trading. You can learn more if you trade more, what I mean is that we need more experience and possible losses before we fully understand trading. Yes, learning trading is costly, and be sure that you have the money that you never regret whatever happens.

[beerlover]

All the things are needed I think it has been said already but to ask you OP, are ready to face the consequences? If you're not, I think you should have to address this first before going to start trading. You can learn more if you trade more, what I mean is that we need more experience and possible losses before we fully understand trading. Yes, learning trading is costly, and be sure that you have the money that you never regret whatever happens.

This is 100% true. If you are used to and expecting something then you would know that crypto trading is not all puppies and shines. I met someone a week ago, he turned 10k dollars into 2 million dollars, and he honestly says he wished he didn't got into it at all. He wasn't sure about buying a car or getting into crypto and for the past 2.5 years he has been trading daily, he lost his job and a bit later pandemic happened so he used the money he had to live and meanwhile turned it into 2 million dollars at the same time.

He assumed the money part would make it worth it, which is the only good part and he said he is super happy about it, but even with money that hard work and constant studying and the stress he had tire him down so much that the moment he reached 2 million dollars he quit trading right away, he hasn't traded for 3 months now and he says he will never come back. Imagine a stress so much that someone who turned 10k dollars into 2 million dollars literally quit because of it, he could have been so much richer yet he just decided it doesn't worth it.

[Silberman]

For me, the best option for learning and understanding the market was the demo account of the Amarkets company. I consider this option to be the simplest and most profitable for a trader.

After practicing on demo the next step is start trading with a small fund like $100 or any amount of money he can afford to lose, this is necessary to have a feel of live trading which is absolutely different from demo trading, though he might be profitable in demo trading but live trading is different ball game, once he is earning a considerable amount of profits consistently then he can increase the funds, bear in mind to achieve that feat requires a lot of learning, practicing and monitoring charts, which can span a lot of time.

This is the correct way to go about this, it may seem as an approach that it is too cautious but we need to understand the nature of trading, in almost any other activity that you want to learn the consequences of making a mistake are insignificant and as such you do not have to think too much about the mistakes that you make, but in trading a single mistake can be enough to destroy your financial future and as such we need to begin our journey with baby steps and only once we have shown to ourselves we can deal with the risks of trading then we can begin to use the majority of our capital.