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Author Topic: How did you learn to trade? Did you learn it in a hard way or?......  (Read 465 times)
tvplus006
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October 16, 2021, 10:51:10 PM
 #61

Sometimes we can get a different result by using demo since actually we will not feel the real tension between dealing with our money upon trading since we are more careful and more attentive when our decision making on each trade we do compare doing trades on demo account where we are not careful and just doing a experimental trades. Although its quite helpful but the experience you can get is different.

This largely depends on the nature of the trader himself, although not all trading participants can be called by this word. Some people part with real money as easily as if they were trading on a demo account. Such "traders" treat trading as if they are playing in a casino, adhering to the principle: all or nothing.

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October 17, 2021, 07:13:08 PM
 #62

When it comes to learning in trading then just like what others said that each person is different when it comes to approach and done of with things but talking in my own ways or method on learning
trading when i do just starting on then this is my own way.

1. Learn the basics
2. Seek for courses or trading basics on youtube(It is much better than reading)
3. Trade with small amounts(Get a hold yourself with the market)
4. Try to be consistent and try your best to be sustainable
5. Continue to learn up

Market is wide and have very lots of opportunities to make if you do know on what you are doing.
Continue to learn because there's no such thing about getting the pinnacle on trading.
This is a continuous process.
All of those steps are indispensable but the last one is probably the most important, people learn a little bit about the markets and they think of themselves as experts when the reality is that they are not, a good trader gets that way because they never stop learning, even when they get to a point in which they can pull off profits with ease from the markets they still decide to keep learning because they know the moment they stop they will begin to lose the edge they have over the market.
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October 22, 2021, 10:16:02 PM
 #63

Sometimes we can get a different result by using demo since actually we will not feel the real tension between dealing with our money upon trading since we are more careful and more attentive when our decision making on each trade we do compare doing trades on demo account where we are not careful and just doing a experimental trades. Although its quite helpful but the experience you can get is different.

This largely depends on the nature of the trader himself, although not all trading participants can be called by this word. Some people part with real money as easily as if they were trading on a demo account. Such "traders" treat trading as if they are playing in a casino, adhering to the principle: all or nothing.
Those people do not understand that the whole point of a demo account is to treat the capital you have in that account as it was real, that way you will be more easily be able to move your abilities from a demo account to a real one, but they treat the demo account as if was the play money you receive in some casinos and soon lose it all, and when the time comes to trade for real then they treat their capital in the same way as well and they get the same results.

It is such a shame this happens but I agree with you, this happens because people are unable to adjust their behavior and treat trading in the same way they treat gambling.

.
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October 23, 2021, 02:04:39 AM
 #64

Sometimes we can get a different result by using demo since actually we will not feel the real tension between dealing with our money upon trading since we are more careful and more attentive when our decision making on each trade we do compare doing trades on demo account where we are not careful and just doing a experimental trades. Although its quite helpful but the experience you can get is different.

This largely depends on the nature of the trader himself, although not all trading participants can be called by this word. Some people part with real money as easily as if they were trading on a demo account. Such "traders" treat trading as if they are playing in a casino, adhering to the principle: all or nothing.
Those people do not understand that the whole point of a demo account is to treat the capital you have in that account as it was real, that way you will be more easily be able to move your abilities from a demo account to a real one, but they treat the demo account as if was the play money you receive in some casinos and soon lose it all, and when the time comes to trade for real then they treat their capital in the same way as well and they get the same results.

It is such a shame this happens but I agree with you, this happens because people are unable to adjust their behavior and treat trading in the same way they treat gambling.
indeed every trader will take a different view of the market, the demo account is indeed a facility to hone a strategy, but indeed the demo account certainly has weaknesses, because our mentality will be different when facing a real account. therefore it requires a process to become a consistent trader with a real account

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October 23, 2021, 02:56:48 AM
 #65

Trading is one of the things you do in other to make money in crypto.Most people do not trade,they just do other activities in the forum because they think trading is too risky,and can cause them a whole lot of money.
Some persons learn how to trade through the hard way,while some person's learn it through other person's experience.I am an example of people who learnt it through the hard way.I lost a whole some of money,but I didn't regret loosing them because it was an experience,and I love that I had it.But now I have different strategies on how to trade.
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October 24, 2021, 07:21:34 PM
 #66

I learned to trade on my own! I simply deposited some amount and that's it! Like all newbies, I started with day trading, and you can imagine how that ended... I was losing more than I was making a profit, so that's was for a while until I started with long-term trade! Simply I wait for the moment to get in and I am ready to add more if the price drops and to keep it until the price rise again! For long-run trades, patience is needed, and in the end, some crypto coins make new all times high, it's the time for harvesting the profit from the longs!

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October 24, 2021, 08:55:03 PM
 #67

Like all newbies, I started with day trading, and you can imagine how that ended... I was losing more than I was making a profit, so that's was for a while until I started with long-term trade!
Unfortunately most of the traders are adapting long-term trading only after they are finding themselves not fit for day trading. This is because they are assuming that they could make easy money from day trading on daily basis then why should they go for long term trading which may get them profits only after weeks or month long holding.

If you study then you can find some similar pattern among all people how they are getting into trading. Because, we are all human and we are all hunting for money making opportunities which is the reason we are getting into trading and in trading we are all again failing due to our emotions. This way that we are having same kind of reasons and similar patterns on how we are getting into trading.
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October 24, 2021, 10:38:48 PM
 #68

many things that I experienced while learning to trade by learning through the web, youtube, and others as well and of course many failures that I did during the experiment. so I have learned it the hard way because it is not that easy to learn to trade and need action in it. trading is not as easy as leaving the capital and making a profit, it's not like that. it takes a mature mind to sell or buy crypto, therefore it is necessary to hone skills so that we can also follow trading well. The failures in trading that I have gone through have been used as learning and future leaps so that I can do better.

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barbara44
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October 25, 2021, 09:29:00 PM
 #69

If it were very easy then a lot of us wouldn’t have a problem with it. No matter how you want to put it, trading is always difficult. It wasn’t easy for me to learn trading, because I had other things I was doing, so I had to make out time and also there was a lot to learn about trading.

Trading is not just what you’re going to learn in a day and become an expert immediately, it requires dedication and hard work for you to become good at it. And while you are learning what trading is all about, another thing you’re going to need Is patience, because you’re not going to become as good as those that have been around before you immediately, it’s going to take you time to perfect your skills.
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October 30, 2021, 05:22:44 PM
 #70

Those people do not understand that the whole point of a demo account is to treat the capital you have in that account as it was real, that way you will be more easily be able to move your abilities from a demo account to a real one, but they treat the demo account as if was the play money you receive in some casinos and soon lose it all, and when the time comes to trade for real then they treat their capital in the same way as well and they get the same results.

It is such a shame this happens but I agree with you, this happens because people are unable to adjust their behavior and treat trading in the same way they treat gambling.
indeed every trader will take a different view of the market, the demo account is indeed a facility to hone a strategy, but indeed the demo account certainly has weaknesses, because our mentality will be different when facing a real account. therefore it requires a process to become a consistent trader with a real account
This is why even if demo accounts are useful they have limitations as there is nothing like using your money to trade for real, but even then it is better to use a demo account than to no use it as you will get accustomed to the interface of the exchange you are using and when it comes to trade for real you are not going to be confused about how to make your trades.

However it is important to remember that even then making mistakes is inevitable, the important thing is to reduce those mistakes to a minimum from the beginning and then when you make a mistake take the time to think how you can avoid it so it does not happen again.

.
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October 31, 2021, 07:14:15 PM
 #71

many things that I experienced while learning to trade by learning through the web, youtube, and others as well and of course many failures that I did during the experiment. so I have learned it the hard way because it is not that easy to learn to trade and need action in it. trading is not as easy as leaving the capital and making a profit, it's not like that. it takes a mature mind to sell or buy crypto, therefore it is necessary to hone skills so that we can also follow trading well. The failures in trading that I have gone through have been used as learning and future leaps so that I can do better.

My experience is also similar, although a lot of information is always good, I understood that the best of all learning is reading books, because they help you to have your own criteria about market situations, and not only that, when reading books as you already have. you have well-established arguments, you can choose the type of information that is appropriate or not, or realize what information is real or false, and this is very important because it can help you choose whether to enter a trading academy or not, you know when a person will sell you smoke, in reality although it seems something traditional and conservative, the best learning is through books.

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October 31, 2021, 09:00:33 PM
 #72

Trading is not just what you’re going to learn in a day and become an expert immediately, it requires dedication and hard work for you to become good at it. And while you are learning what trading is all about, another thing you’re going to need Is patience, because you’re not going to become as good as those that have been around before you immediately, it’s going to take you time to perfect your skills.
I have seen people who get into learning of trading and practicing in live market at the same day and I guess they are quickly able to market conditions and get used to effective decision making in better way than those people who first learn on books and then from videos and then only enter into live markets. So, even learning of crypto trading not happens in a day or two, I guess we may start trading once we know about how and what but only with demo money or under guidelines of pro traders to experience real time pressures of market.

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Issa56
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October 31, 2021, 09:22:10 PM
 #73

I started trading few years ago which I learn how to trade in a hard way, when I started trading I don't really have anybody to put me true so I have to start watching tutorials on YouTube and I have to start searching for how to trade on Google which in the process of learning I really lose alot of money, the mistake I made when I started trading was that I was looking for fast money so I noticed there is money in future trading which I started future trading after few weeks I lose all the money which I was using to trade and I will have to start looking for another money to start again it was not really funny then.

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Vaculin
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October 31, 2021, 11:50:57 PM
 #74

There is no easy way of learning, that will be the truth as it needs time and hard works, and you even lose your money for some experiments before you learn. Many people had offered an easy way on how to learn but definitely, it was a scam and fake offer, they will just leave you after they got payment.

Although we have a lot of trading tutorials and books to read, somehow it was really hard to keep things right due to the market feature. It was to say that we can't make a perfect trade in a short timeframe. I'd rely most on the internet to teach me, well, it seems good but not good enough to keep our trades safely, losses will come as well.
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November 01, 2021, 04:07:46 AM
 #75

I went out of my way to get trained for Forex by a renown exchange called Alpari and that training has really helped me over the years because I have made some money from the experience gain via the training. Coming to use the experience of forex trading in crypto currency has really made it easy for me since there are some how related.
Hippocrypto
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November 01, 2021, 10:25:10 AM
 #76

I went out of my way to get trained for Forex by a renown exchange called Alpari and that training has really helped me over the years because I have made some money from the experience gain via the training. Coming to use the experience of forex trading in crypto currency has really made it easy for me since there are some how related.
I think the better way to learn trading is to ask help or an advice to an expert. It is very important that we have knowledge about it before start trading. Other way are to research it, since technology already develop, all of the information that is needed about trading is in the social media such as Google or YouTube. Experience also will help you learn a lot and became easy for you when you start trading. You must also think some strategies for you to avoid losses, be patient and learn to wait.
ReiMomo
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November 01, 2021, 12:43:55 PM
 #77

This is how it relates my self to trading...
Quote
3) I start small when it comes to the money I have spent. It was hard for me to trade a big amount of money. I earn small at first but when it come to my slight use of big money I earned well.

When you get the hang of it you will truly earn. I remember if you  (I have some losses])lose or did a mistake it's only a phase of learning. As there is an old saying you must learn from your mistakes.
Firstly, we can't hide some worries and doubts. Being such an emotional trader, you can really think mostly negatively. You've been more discouraging when you will lose and sometimes it gets started to think if I have to continue this or not?

Becoming a trader is not so easy. It is a test of patience and mindset. Many people got a try and ended disappointed, just like me, I'd experience a lot of losses, although it was just a small amount however it hurts sometimes and even thinks about quitting.

Yes, have experienced the same. It might feel good when getting profits in the beginning but as the time moves by, we might loose due to inappropriate moves and that will at times push us to stop trading. But need to analyze where we went wrong. From there, we come to know that due to panic sells and buys and not being patient often we lost much. Once we find out the reason, we then slowly trade well with small ups and downs. So only self experience can often make us perfect than just getting advice and moving.

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tulusikhlas
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November 01, 2021, 02:46:50 PM
 #78

I went out of my way to get trained for Forex by a renown exchange called Alpari and that training has really helped me over the years because I have made some money from the experience gain via the training. Coming to use the experience of forex trading in crypto currency has really made it easy for me since there are some how related.
I think the better way to learn trading is to ask help or an advice to an expert. It is very important that we have knowledge about it before start trading. Other way are to research it, since technology already develop, all of the information that is needed about trading is in the social media such as Google or YouTube. Experience also will help you learn a lot and became easy for you when you start trading. You must also think some strategies for you to avoid losses, be patient and learn to wait.

As long as the source provides useful knowledge anywhere, whether from social media such as youtube, articles, and things that if it turns out to provide material for us to take advantage of in trading. That means it is very good, the point is never to be lazy to read and never be ashamed to ask those who are experienced. Regarding the points, then we filter again according to what we need in trading. All have a process and enjoying the process of learning crypto trading is a valuable experience.

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November 01, 2021, 04:04:00 PM
Merited by justdimin (3)
 #79

It might feel good when getting profits in the beginning but as the time moves by, we might loose due to inappropriate moves and that will at times push us to stop trading.
Being emotionally stable is more important regardless of we are making profits or losses. I agree that beginners might find it too hard to treat both profits and losses in a same way but we need to practice it so that we could focus on next trades regardless of what we did in the previous trade. If you celebrate or regret your previous trade then you may miss out another new opportunity.

I think the better way to learn trading is to ask help or an advice to an expert.
Having a mentor must be a good idea but it may cost more beyond your affordable levels. Usually what we can do is, just having friends or known people who are already into market and able to guide might be a better option. Moreover most people may not prefer to guide you by leaving off their routine trading schedules.

the point is never to be lazy to read and never be ashamed to ask those who are experienced.
Yeah, utilizing all the available resources must be a key thing which decide the level of our success. Being lazy must be one of the negative factor which drives beginner into backfoot due to lack of self motivation.

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nelson4lov
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November 01, 2021, 08:02:04 PM
 #80

I went out of my way to get trained for Forex by a renown exchange called Alpari and that training has really helped me over the years because I have made some money from the experience gain via the training. Coming to use the experience of forex trading in crypto currency has really made it easy for me since there are some how related.

That's good to hear. I'd like to know the training was done physically or its an online company that offers trading education services? Just wanted to know if it's much more effective to learn offline via a physically available company or resource as opposed to just getting the required resources on either YouTube or trading academy like babypips.com.

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