Technical aspect in trading

[Tessnik]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

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[Oshosondy]

When have you started trading, at start you have to use low amount of money to study the market. $50 or less is not bad to begin spot trading, experience is the best teacher. Some traders will be losing, they will think that is the end, instead not to close trade they will close trade and lose but the market will reverse if we'll analysed but not all situations.

If you want to know more about trading, learn the candle stick very well, there is nothing bad to learn the RSI and the moving averages which are both important indicators.

The coin you are using is also matters, bitcoin is the best, try to study a particular coin and enjoy trading.

[john_nautica]

Don't focus on career, focus on what you have learned on your past trades what are the things you've done wrong and of course never repeat it. You can check this https://github.com/SpiralDevelopment/Awesome-Crypto-Trading it helped me improve my training, I suggest to read technical analysis and only trade a small portion of your remaining fund and try to understand the market and what kind of strategy you are going to use in order to earn.

[CryptoDROI]

Rushing into an investment without taking a step back or understanding the risks can lead you to make a wrong decision. Fundamental concepts, such as market trends and risk management, are crucial for a successful crypto-trader.

It will be hard to grow or protect your trading account without a solid understanding of the market. Knowing the basics, such as the ones mentioned above, will help you make wise decisions about where to invest and how to trade.

The truth is that not every trading system will be profitable. It's important to know which ones will lead to success. A winning trader will be willing to change a losing strategy quickly and stick with one that's working for an extended period of time.

Before anything, you should learn how to manage your risk. You should look for high probability trades with a risk/reward ratio of 1:2 or more to correctly manage risk.

Or you could opt for average down your bought price with a good DCA strategy. But, you need to define your rules before entering a trade.

So IMHO, you should create a set of rules that first and foremost include risk management. Then stick to it.

[Wexnident]

I'd honestly suggest just getting more experience. Most of us would answer the usual of risk management, proper budgeting, spreading your portfolio, understanding market trends, etc., so other than that really, I'd suggest just going for trying to get as much experience as you can while minimizing the losses you'd get. Take your time understanding the market, and probably start amassing more funds to fund your trading since it's going to take a LOT of money to stay imo.

[haidil]

Are you trading spot and in a hurry to not pay attention to the rate of decline in the price? You have plenty of time to deal with it all if you've already lost a lot. Try to play with safe trading. To temporarily avoid spot trading. Use a timeframe for price movements such as one week. While learning all the basic indicators in trading.

[nur rochid]

we can use indicators that we understand their use, besides that we can use support and resistance to be combined in taking the framework. but that's not enough, because psychology also really determines the success of a trade in running the framework. we must dare to cut loss, when the price breaks the specified support area

[doremonchina]

There are various specialized exchanging indicators​​​​ that have been created by experts They utilize these markers to endeavor to precisely conjecture future value developments.
Specialized markers are numerical estimations which highlight exchange section and leave signals. Exchange signals assist financial backers with concluding whether to purchase sell or hold a security or monetary instrument Specialized pointers are for the most part utilized with diagrams. Pointers are put over outline information to attempt to anticipate the value heading and market pattern

[bittraffic]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Looking for technical aspect means you have not learned yet to read indicators or you need to find a strategy to adopt?

One reason why a trader still lose even in the spot market is when he panics. But you are.not the onky one OP, when the price of BTC starts dumping I also started selling when I should have done it when the price was still at its heights. Spot market is not as easyas they say still.

[michellee]

It seems you need to know how to manage your money to be used in trading because you say you lose all of your funds in spot trading. The first thing you need to do is use some money, let say $100, to trade. From $100, you do not have to all-in and only buy at once because that will be too risky. It is better to divide your buy order into many parts but not use all of the $100. Maybe only use $50 will be enough so you still have backup funds. Just in case if the price drops deeper, you can buy back the coin.

The next thing is trying to buy when the correction comes when the red candle appears in the market but trying to buy at the next lower price and not buying instantly. If the price can increase after you buy, that will be good for you so you can sell it at once or partially. But if the price does not increase or decrease much after you buy, you can wait for a while and do not think rush because the market will move by itself.

[so98nn]

You should have started learning the crypto trading before you started trading and leaving behind only $200! That's a risky business dude.

There are hundreds of topics in the Trading Discussion section which you can read and learn from them. There are also topics which tells about the traders story, how they lost money, how they recovered their money. These are some of the good search terms you can insert and get amazing topics.

Note: Some of the OP's might not be good, so you better read through the thread and see good replies on the topic. That would be important learning for you.

Topics:
Traders who never bother to learn how to trade
What is the Best Time to sell ? *Go through replies
Ruined my account through multiple mistakes
I quit my job to do full-time crypto-trading. Made 12 BTC profit last month
Rather learn to trade by yourself *replies

[palle11]

There is no way you can trade without understanding that trade is profit to lose ratio. If you have been losing so much, take a break to know your challenges because your story is not details about the real problem if not only losing.

I will ask some questions if so

1. Do you make profit at all or you only make loses?
2. You are using high risk appetite to your account?
3. Do you stay in the market longer and lose?

These are questions you should research into and know what to do. No matter the indicator you use, some days can be very difficult for profit.

[ItsCrafty]

Have you been in a hurry for buying some coins? Like that many of the users who didn't have experience about trading, they lose many money at the start because of their own trading faults. The main issue is having zero knowledge and most reliably having no patience at all, so this will lead them to a big loss sometimes and make it happen for every time if it will not made better.

[pawanjain]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

You are probably making mistakes what every beginner does. Even I had lost a lot of my capital during the initial days.
What I learnt from my experience and mistakes was to research on every coin before investing in it.
Learning technical analysis and buying the coin at a lower price and never ever sell it at a loss.
You only lose money when you sell at a loss and so you have to keep diamond hands until you are in a profit and only then exit the trade.
Dollar cost average is a strategy which works the best in most of the cases.

[Ararbermas]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

efforts and patience is a must if you want a good trading career, wherein you don't need to pay for someone who can teach you to become good in it because all the information were visible in the internet..  Just watch tutorials in youtube for sure you will realise what are the mistakes you have made in your previous trade through their step by step compilation and very informative content ..and the good things from it is you can get some advices as well and what are the most important things to remember in order to avoid doing mistakes.. Just invest time in it before you start again to trade because it's a big help to be honest. Actually I've been in your situation before and with the help of those traders that making videos in the internet so far i never experience a worst situation every time i want to trade..

[MrcMrc]

Am also new to trading and am looking for ways to minimize my loss and increase my profit margin in a short time from now, but the truth is there is no working trading formula as most of the trading formulas I tried in the past all failed.

[palle11]

Am also new to trading and am looking for ways to minimize my loss and increase my profit margin in a short time from now, but the truth is there is no working trading formula as most of the trading formulas I tried in the past all failed.

What do you understand by trading formula and what trading formula you used who failed you? You have to explain it and the challenges for help to come.

Trading and making profit is to understand how the market works, test your "formula" on it and keep trying until you get better but if don't know anything about passion for what you want then you get discouraged

[Hamphser]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Dont hurry up yourself when it comes to trading because this is something that cant be learnt overnight which means that it would be taking lots of trials and errors for you to make yourself sustainable or better on

trading which means that those losses you are experiencing now is normal and always been part of it.So what are the things you would needed to do? Study those errors or mistakes that you had commited.

Reverse the idea then try to apply it and if it turns out to be effective then continue to learn up because trading market is a never ending learning.

[passwordnow]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.

How big was that large amount you're saying?

Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

You read materials related to trading just like the books that you can see online like crypto for newbies. If you don't like reading books or pdfs, you watch those analysis being made by traders, specifically those crypto traders that you can search away.

[MrcMrc]

Are you trading spot and in a hurry to not pay attention to the rate of decline in the price? You have plenty of time to deal with it all if you've already lost a lot. Try to play with safe trading. To temporarily avoid spot trading. Use a timeframe for price movements such as one week. While learning all the basic indicators in trading.

What technical skills are you looking for because if you are talking about a trading predictions tool you should rest assured that you may never find any technically proven trading signal. But you I'm an develop good trading skills on your own from your own experience over time.

[gabbie2010]

Are you trading spot and in a hurry to not pay attention to the rate of decline in the price? You have plenty of time to deal with it all if you've already lost a lot. Try to play with safe trading. To temporarily avoid spot trading. Use a timeframe for price movements such as one week. While learning all the basic indicators in trading.

What technical skills are you looking for because if you are talking about a trading predictions tool you should rest assured that you may never find any technically proven trading signal. But you I'm an develop good trading skills on your own from your own experience over time.

I develop my own trading skill without laying much emphasis on too many indicators in the name of Technical Analysis, I dwell mainly on studying candlestick patterns, with MA only to determine the trend of my trade, the shape or formations at the close of the candle is the main yardstick for taking a trading decision basically we have some notable candlestick patterns formed in chart that signals reversal or continuation of price, once the OP can master all these things trading won't be that difficult however it takes a lot of charting hours to achieve it.

[maju69]

If you use spot trading, maybe you should try copytrade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to really learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

[UmerIdrees]

If you use spot trading, maybe you should try copytrade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to really learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

Do you know any good trader who share his trades ? As far as i think no trader share their trades for free. They have their premium group in which they give signals and not all of those signals are successful.
Better learn the technical analysis yourself and stop being dependent on other trading ideas.

[Tessnik]

If you use spot trading, maybe you should try copy trade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

I have tried trading technics and it did not work it all get me loses at the end of each trade I was trading on the spot, I need something like a trading signal that will help position my trade on an advantages position.

[RILWAN]

Have you been in a hurry for buying some coins? Like that many of the users who didn't have experience about trading, they lose many money at the start because of their own trading faults. The main issue is having zero knowledge and most reliably having no patience at all, so this will lead them to a big loss sometimes and make it happen for every time if it will not made better.

I lost practically everything to spot trading in the last couple of days, but have learned some season from that but in all I believe we have to be patient and grow your skills gradually. Inpatient can lead to huge losses and this has been the experience of many newbies.

[zaesvlas]

I'm just wondering if you put that kind of money into work, but haven't studied enough aspects of working in this industry? Unfortunately, this almost always leads to this outcome.

[ipanks]

If you use spot trading, maybe you should try copy trade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

I have tried trading technics and it did not work it all get me loses at the end of each trade I was trading on the spot, I need something like a trading signal that will help position my trade on an advantages position.

If you are not in a rush, I suggest trying to buy when the long red candle appears with small money and try to hold it. Do not attract to sell if the price just increases for 1-5 satoshi or 0.000xx USDT but you can consider selling the coin if the price can increase for more than 10-15 satoshi or 0.00xx. That will depend on the coin itself.

For example, you want to buy LTC. The price now is at $189 and the red candle is come but not for a big candle so you need to wait or you can place your order buy at $185-$187, just divide to many order buys. Just wait or leave it all the way and come back to check if your order buy is filled or needs more time. When the order buy is filled, you can prepare to sell at a high price. Maybe that could be at $191-$195. If your profit is small, that will still be good because at least you can get profit. If the situation is good, you can repeat that and make another profit.

[SquallLeonhart]

Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

All you need is a demo account and your time. There are crypto exchanges which enable you to trade with fake-money to get familiarize yourself against their trading environment and all other aspects of trading. But the only thing, you may get lagged is your emotional part; still you could make it up if you are dedicated and imagine yourself like you are into real trading then you will start learning all the tricks of trading which includes emotional aspects as well.

The coin you are using is also matters, bitcoin is the best, try to study a particular coin and enjoy trading.

I am not having any second opinion on this. Trading bitcoin against a stablecoin or fiat is highly recommended and if anyone wants more trading pairs then they may go for trading altcoins against bitcoin which are having consistently good volume.

[Mpamaegbu]

I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.

Your comment here is ambiguous. It's not clear where you didn't mention how much was invested but you told us how much was left. What percentage of the capital did you suffer as loss so we know what we are dealing with here. Trading is about loss and profit. We don't expect it to always end in profit. Loss is a part of trading.

Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

For Technical Analysis (TA), stick to leading indicators like trendlines and pivot points as against lagging indicators which are often the ones generally used.

[proTECH77]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Knowledge and experience are very important skills you need to use to make your trading successful in the market. It's the experience you acquired from the forum that will make you not to invest such of huge amount of money in a particular trading. Knowledge will also direct you to trade when it is time to start trading in the market that will lead to profits earning in the market.

[geegaw]

If you use spot trading, maybe you should try copytrade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to really learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

Many traders do not have the ability to abstract and absorb the technical aspects and when faced with a few lines explaining the techniques applied on the chart, they get dizzy and have a headache with a mess in their head, sometimes they need to rely a lot on sharing from the better characters in this matter and that is a shortcoming of them. But changing perspective is my initiative with these people, they're not technically strong but they can be strong at the basics, don't necessarily choose the technical path to be successful, can consider it as the best complement to the basic initiatives

[SquallLeonhart]

I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.

Your comment here is ambiguous. It's not clear where you didn't mention how much was invested but you told us how much was left. What percentage of the capital did you suffer as loss so we know what we are dealing with here. Trading is about loss and profit. We don't expect it to always end in profit. Loss is a part of trading.

The worst part is that we do not know what he bought and suddenly lost that much money. For me 200 bucks is not a bad place to start, you will not suddenly become rich and it depends on your nation. However, if I can save 200 bucks per month then I would be considered a rich person in my nation. It doesn't happen at all because not many people make enough money to live and then end up putting money aside as well and hope that it gets better, because most people in my nation lives with 300 bucks salary and that is the biggest problem.

What I believe he did was that he lost a bit of money when his trades went wrong and he sold them instead of waiting. If you just sell when you should be holding then you are going to lose a lot of money. If he showed his trades then we would basically be able to see what he did wrong and can tell him what he shouldn't do.

[sana54210]

Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

By tools, do you mean what are the technical strategies that you need? Or you mean resources that will help you to learn and practice all trading environment and aspects? Basically you must need all of these and good patients to keep your nerves down until you find yourself profitable against volatility of crypto markets. Building a good trading career is nothing but predicting market directions accurately.

The technical aspects of trading could not be learned or could be copied into our day-to-day activities in just one or two not two days of learning but it must need lots of time and practice. So, you must need to be regular for learning and that alone will help you on this regard.

[AmoreJaz]

I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.

Your comment here is ambiguous. It's not clear where you didn't mention how much was invested but you told us how much was left. What percentage of the capital did you suffer as loss so we know what we are dealing with here. Trading is about loss and profit. We don't expect it to always end in profit. Loss is a part of trading.

The worst part is that we do not know what he bought and suddenly lost that much money. For me 200 bucks is not a bad place to start, you will not suddenly become rich and it depends on your nation. However, if I can save 200 bucks per month then I would be considered a rich person in my nation. It doesn't happen at all because not many people make enough money to live and then end up putting money aside as well and hope that it gets better, because most people in my nation lives with 300 bucks salary and that is the biggest problem.

What I believe he did was that he lost a bit of money when his trades went wrong and he sold them instead of waiting. If you just sell when you should be holding then you are going to lose a lot of money. If he showed his trades then we would basically be able to see what he did wrong and can tell him what he shouldn't do.

maybe, at this point he already learned his first lessons in trading. it is hard to know what happened as we don't know what coins he traded with that he lost a lot of his money. usually, people lost in this trading when they bought the coin at its peak, and then sold when the coin is going downhill (owed to panic, fud, etc). and this will surely happen if unluckily, he bought a pumpndump coin or scam coins.
if you are a beginner, stick to top coins like btc or eth. start using small funds also as you are just gaining your knowledge in this area. you can't learn all the crypto trading tips & tricks overnight, it would take time even to spot pnd coins, or crappy ones.

[jostorres]

if you are a beginner, stick to top coins like btc or eth. start using small funds also as you are just gaining your knowledge in this area. you can't learn all the crypto trading tips & tricks overnight, it would take time even to spot pnd coins, or crappy ones.

Instead of suggesting top coins I will suggest about the coins which are having good volume (still you are right because top coins are usually having good volume).

The most important aspect of safer trading must be starting with small capital. I believe this is the important aspect where most beginners breach and then finding trading is too frustrating one. Small capital will ensure small losses because you're just a beginner in trading.

Unfortunately everyone wants to be a pro trader overnight which is the reason they are starting with big capital and then crying out when they are losing it.

[nelson4lov]

If you use spot trading, maybe you should try copytrade as traders often share their trading technicalities, this can help a little. But not to continue using this method. You also have to really learn what to do if you want to focus as a spot trader. That is the risk that has a different level with futures trading.

Copytrade isn't the answer to OP's problems. In fact, it might even make his experience more terrible as he would become reliant on other traders (if he isn't already) in order to trade and it shouldn't be like that. What OP needs right now is to learn technical analysis for himself and to understand and know the concepts. Only problem is that it would take longer for him to learn as opposed to just quickly copying trades or following people's analysis.

[Fatunad]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Start with small amounts
Try to be consistent despite of losses
Learn from your mistakes
Good risk management
Try to control your emotion
Dont easily get hooked with FUDS and Fomos

Technical analysis is good but it would be more better if you would partnered it with fundamentals but well
you would able to realized this as you do gain experience.

[TheGreatPython]

I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Basically, what you expect TA to do may not happen. It is definitely true because the reality is that markets do wild moves that we have no idea that it would do. I hope that it would do what we expect it to do but the reality is that we should end up with something that would be a lot more realistic and predicted so that we could make some profit and that would be great but we are not seeing that at all and that is the reason why we are losing money most of the time as well.

Yes, it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

[worle1bm]

There are lots of technical analysis available in market amd and most importantly you need to be active and aware of some of the news that could affect the prices and set orders against them.Most of traders have huge setup to have a detailed watch and do most of the time and finds out which coin will benefit them.But all this will come with time and experience as sometimes expert also loses.

[FanEagle]

Most of traders have huge setup to have a detailed watch and do most of the time and finds out which coin will benefit them.But all this will come with time and experience as sometimes expert also loses.

You may go for higher end for your signal generation when you are successful in your trading as no one could afford such huge setup from the beginning itself. Huge setup are most for finding out where to buy and when to sell and may not for finding a profitable coin as all the coins with decent daily trading volume are definite profitable. So, you might need big setup only for your signals and may not for finding a coin.

it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

I guess there would be zero chances for everyone not to be losing. Because, even you will be right on finding the direction of a market, you cannot enter at the bottom but you may buy at any available prices and similarly you may sell at your own target which means you may not lose anything but when you are selling and someone will be buying at that prices which means someone does not need to be losing to get you profits.

[darewaller]

Basically, what you expect TA to do may not happen. It is definitely true because the reality is that markets do wild moves that we have no idea that it would do. I hope that it would do what we expect it to do but the reality is that we should end up with something that would be a lot more realistic and predicted so that we could make some profit and that would be great but we are not seeing that at all and that is the reason why we are losing money most of the time as well.

Yes, it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

The situation with TA is that when people do not use it, they make more losses, and when they use it they still make a loss. Which means that it is not guaranteed that you will profit when you use it, but it is also nearly guaranteed that you will lose when you do not use it. This is why people suggest TA, not because you will profit with TA 100% guaranteed, but it is nearly 100% guaranteed to lose without it, like at least 90%+ guaranteed. This is why TA is not a method of profiting, it is a method of avoiding a loss.

This is not something people understand very well, many people think they can make a profit using TA and shocked when they do not. And that is a big deal because there are too many people who are here to keep making a ton of profit, which we all know you can't constantly do that. So people should realize it is a method of avoiding a loss, not making a profit.

[Questat]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

* Don't use a large amount if you were just about to start learning to trade
* Don't stop looking for strategies that could help  and improve your knowledge and skills
* Don't rush yourselves to trading if you don't have enough capabilities
* And the last one, never force yourselves to trade if you feel uncomfortable doing this coz you will only just fail and lose all your money.

You should have to be smart in making decisions and bear in mind that trading is not an easy game, you will certainly lose if you don't do it in the right way.

[mexite]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

It's not advisable to throw a big amount of money, which would pain you if lost, at a trade that you lack the skills to manage. With proper understanding of technical analysis (TA) and fundamental analysis (FA), you can begin to master crypto trading. TA helps you to understand and predict the price pattern while a good FA mostly pushes the price up.

If you have bought in good coins/tokens, even if the prices dipped, they would most likely rise again in a bull market. So you need patience as a virtue. Unless you are trading futures, you don't lose your money in spot trading until you sell the token at a loss.

Master yourself first (emotions, patience, risk appetite etc) before you master your trade.

[Tessnik]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

It's not advisable to throw a big amount of money, which would pain you if lost, at a trade that you lack the skills to manage. With a proper understanding of technical analysis (TA) and fundamental analysis (FA), you can begin to master crypto trading. TA helps you to understand and predict the price pattern while a good FA mostly pushes the price up.

If you have bought in good coins/tokens, even if the prices dipped, they would most likely rise again in a bull market. So you need patience as a virtue. Unless you are trading futures, you don't lose your money in spot trading until you sell the token at a loss.

Master yourself first (emotions, patience, risk appetite, etc) before you master your trade.

You are right using huge amount of capital as a newbie in trading can lead to a careless trading decision as you have too much to throw around until you lose everything then start all over again.

[Webetcoins]

using huge amount of capital as a newbie in trading can lead to a careless trading decision as you have too much to throw around until you lose everything then start all over again.

This does not need to be a common scenario for all the traders; if you value your capital then you will not go for random trades. So, huge capital got nothing to do with your losses but only your negligence of technical part of trading. We must give more importance for technical analysis in trading so that we could make profits on regular basis. People who are carelessly making trades may make profits one or two days and then may loss due to the reason of luck not in their side.

Master yourself first (emotions, patience, risk appetite etc) before you master your trade.

Yeah, self-control is more aspect of trading but only after big losses, traders start realizing it. When getting into trading, we need to prepare ourselves for lots of things and self realizing must be one of them.

[taufik123]

-snip-
Yeah, self-control is more aspect of trading but only after big losses, traders start realizing it. When getting into trading, we need to prepare ourselves for lots of things and self realizing must be one of them.

This is of course included in the psychological aspect, because psychology when trading will also affect the trading strategy that has been made. Those who experienced big losses while trading some of them because they did not do the analysis incorrectly and they panicked when the price continued to fall and then did Cut Loss at the lowest price. Building strong psychology is certainly very important. Everything must be managed so that trading does not only result in losses, but trades can produce a lot of consistent profits. Don't trade if you are not ready.

[sherenikaw]

i think If you want to start learning trading and don't have enough skills, then you can start with a small capital first. from there you can learn to trade and increase your knowledge because the more experience, the greater the opportunity to increase knowledge about correct trading. other than that, don't be in a hurry to make a decision to sell or buy coins. do it carefully and thoroughly so that we can think carefully when the time is right.

[breathlessz]

i think If you want to start learning trading and don't have enough skills, then you can start with a small capital first. from there you can learn to trade and increase your knowledge because the more experience, the greater the opportunity to increase knowledge about correct trading. other than that, don't be in a hurry to make a decision to sell or buy coins. do it carefully and thoroughly so that we can think carefully when the time is right.

starting trading even with small capital has advantages, we can train psychologically using real capital, because this will not be obtained if we use a demo account, which only sharpens technical problems, the rest because it's just virtual money we will feel no burden

[Hobo66]

If you want to be victorious in trading then you have to put that amount of cash that you can effortlessly have command just because if you drop your cash then it will be extremely difficult for you to return that dropping. Also be careful with the type of initiative to partake as fake project can also make it easy to lose your money. Go through the detail about trading by view videos related to trading.   

[Dragonfund]

i think If you want to start learning trading and don't have enough skills, then you can start with a small capital first. from there you can learn to trade and increase your knowledge because the more experience, the greater the opportunity to increase knowledge about correct trading. other than that, don't be in a hurry to make a decision to sell or buy coins. do it carefully and thoroughly so that we can think carefully when the time is right.

Who said he can learn trading with little capital and no skill? Please don't miss guide anyone here. This is a public forum and you should refrain from giving unwise recommendation that will mislead anyone. Anything you post here will be for reference sake and may appear on search engines when they are search or query.
Please dear OP. You need skills to excel in trading else your money will burn down like the way firewood burn in chimneys, you need technical analysis and fundamental analysis to survive in trading and also, you need to to emotionally and psychologically prepared to do well in trading.

[Zanab247]

There are many technical aspects in trading which every trader choose the one that is suitable for he or she to use and earn well in the future. The best strategy to apply for your trading to become successful in the community is to use a huge capital to buy when the price drop in the market and hold until the price increase to your satisfaction because you can release them for sale.
Most of the successful traders you seen, make used of social media to trade in the market and they are doing well in the community. They are very active in the forum which is the best place any trader can get good information from and start progress with his trade in the community.

[so98nn]

First thing first, if you have lost this much money then you must have used some sort of methods already which did not work for you. You need to list down those methods, those steps which made you loose this sort of amount and put you into loss situation. I’m pretty sure you will get most of the answers on what went wrong through that list. Next up ahead go for tutoring lessons which are widely available through online courses. For example check the udemy courses which will help you understand the theories on how to plot different graphical predictions based on the data that is available in the current market. Moreover also have some basic knowledge of using fundamental which also constitute some input on how market will react up front.

[RILWAN]

To a large extent, there is no known technical aspect in trading because most of the trading predictions in public never prove any positive trading results.
Trading is a thing of personal development and you learn from your past experience.

[perfect999]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Well that’s the trading for you, the risks is always too much and you shouldn’t be trading with much money, you should conscious of the amount you choose to trade with so that you don’t lose all your money at once. It’s usually best to trade little, and also build up your profit step by step. There isn’t any need for you to be in a hurry, so that when the market is against you, you don’t lose too much.

And you need to really up your skills, it seems like this is your first time of trading, from the way you have explained things here. So if this is your first time, then you have got a lot to learn and I would say you shouldn’t rush it, just calm down and learn everything and then start trading with little and see how much you have improved.

[Silberman]

Basically, what you expect TA to do may not happen. It is definitely true because the reality is that markets do wild moves that we have no idea that it would do. I hope that it would do what we expect it to do but the reality is that we should end up with something that would be a lot more realistic and predicted so that we could make some profit and that would be great but we are not seeing that at all and that is the reason why we are losing money most of the time as well.

Yes, it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

The situation with TA is that when people do not use it, they make more losses, and when they use it they still make a loss. Which means that it is not guaranteed that you will profit when you use it, but it is also nearly guaranteed that you will lose when you do not use it. This is why people suggest TA, not because you will profit with TA 100% guaranteed, but it is nearly 100% guaranteed to lose without it, like at least 90%+ guaranteed. This is why TA is not a method of profiting, it is a method of avoiding a loss.

This is not something people understand very well, many people think they can make a profit using TA and shocked when they do not. And that is a big deal because there are too many people who are here to keep making a ton of profit, which we all know you can't constantly do that. So people should realize it is a method of avoiding a loss, not making a profit.

Like most of the time the biggest problem people have when it comes to TA are their own expectations, as you say the majority of the people that use TA still lose their money, but then this brings the question of why to use it? Because all of those that do not still lose their money, TA is not a magical formula to make money instead it is a way to protect your capital so when the market finally begins to go up you happen to still have most of your capital intact so you can get all the benefits from such movement.

[carlfebz2]

Basically, what you expect TA to do may not happen. It is definitely true because the reality is that markets do wild moves that we have no idea that it would do. I hope that it would do what we expect it to do but the reality is that we should end up with something that would be a lot more realistic and predicted so that we could make some profit and that would be great but we are not seeing that at all and that is the reason why we are losing money most of the time as well.

Yes, it is not something great to lose money but if it was predictable then we would all make a profit and that is not going to happen, if we all make money then who are going to lose money to us while trading?

The situation with TA is that when people do not use it, they make more losses, and when they use it they still make a loss. Which means that it is not guaranteed that you will profit when you use it, but it is also nearly guaranteed that you will lose when you do not use it. This is why people suggest TA, not because you will profit with TA 100% guaranteed, but it is nearly 100% guaranteed to lose without it, like at least 90%+ guaranteed. This is why TA is not a method of profiting, it is a method of avoiding a loss.

This is not something people understand very well, many people think they can make a profit using TA and shocked when they do not. And that is a big deal because there are too many people who are here to keep making a ton of profit, which we all know you can't constantly do that. So people should realize it is a method of avoiding a loss, not making a profit.

Like most of the time the biggest problem people have when it comes to TA are their own expectations, as you say the majority of the people that use TA still lose their money, but then this brings the question of why to use it? Because all of those that do not still lose their money, TA is not a magical formula to make money instead it is a way to protect your capital so when the market finally begins to go up you happen to still have most of your capital intact so you can get all the benefits from such movement.

Technical analysis doesnt really give out guarantees that it could give out precise predictions on where you could really take profit but somehow technical aspects is a great help on at least knowing on what you should gonna do basing with those indicators even though its not really that precise or 100% reliable but at least you do make out some analysis.

Unlike if you are just making out trading decisions without any basis then you are just simply doing gambling and its not a must thing to be done when you are
making trading.

Learn up things as much as you can because this would really be helpful in your future trades to come.

[zulfi125]

Before starting crypto trading you should learn about technical analysis but now you need to learn before more invest in trading, there are a few points you need to remember spot level and resistance level you should learn and RSI and MACd also, these are basics to technical knowledge you should follow these signals and also learn more about technical knowledge.

[GreatArkansas]

With that loss, for sure you already learn something that will help you to be a good trader. Learn from your mistakes.
First, identify your mistakes, like where did you go wrong? Your entry? stop-loss?
How to avoid those mistakes, learning such technical analysis to help you not to do the same mistakes.

And the most important is risk management, do you have one? Because most of the failed traders, don't have. This is the most important, you should always have one to preserve your capital.

[beerlover]

the most important is risk management, do you have one? Because most of the failed traders, don't have. This is the most important, you should always have one to preserve your capital.

If you ask me, I would say that risk management must be more important for trading compared to technical analysis. You could buy signals to skip your technical part but you cannot bypass the requirement of risk management while trading.

Technical analysis will help you to spot out the exact entry/exit price levels whereas risk management will ensure your sustainability along with your capital amount. Risk management covers lots of aspects of trading which include emotional things as well hence ignoring risk management may not result in preferred out come from trading.

[palle11]

the most important is risk management, do you have one? Because most of the failed traders, don't have. This is the most important, you should always have one to preserve your capital.

If you ask me, I would say that risk management must be more important for trading compared to technical analysis. You could buy signals to skip your technical part but you cannot bypass the requirement of risk management while trading.

That is very important aspect of trading. If you don't know how to control your risk you will keep losing hugely despite your technical ability. For example market gets volatile without information and having a good money management is the only thing that can safe the account from being swallowed, technical can only show the process of entering for profit but not protection of account.

[AicecreaME]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

You need to be patient, slowly learn about the basic fundamentals of trading, try it using smaller amount of money, when you find it profitable, increase the amount of money you put in trade and never be greedy. You have to keep your composure always, don't get easily frustrated just because you lose a lot, take a break and cool your head because you need it to polish every trade you're gonna do next.

[sana54210]

If you don't know how to control your risk you will keep losing hugely despite your technical ability.

Yeah, this is the reason why successful traders from other markets are not able to survive against high volatile nature of crypto market. To handle high volatile nature of a market we must need proper risk management and only technical analysis may end up wiping out all capital more quicker than we could assume about.

technical can only show the process of entering for profit but not protection of account.

Good technical will show you the trend change level which must be your stop clock level for exiting. The risk management will show how much leverage you may opt with respect to your stoploss level so that liquidation may not happen (for spot trading, the lot size).

[Cling18]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

The best trading tool would be enough knowledge and trading skills. Trading is a long process of learning and to be pro in it, it will take a lot of practice that will also result in losses in the beginning. You could do more actual trading practice by just using a small number of funds. Don't rush things out and learn how to handle your emotions as well.

[SquallLeonhart]

Technical analysis doesnt really give out guarantees that it could give out precise predictions on where you could really take profit but somehow technical aspects is a great help on at least knowing on what you should gonna do basing with those indicators even though its not really that precise or 100% reliable but at least you do make out some analysis.

Unlike if you are just making out trading decisions without any basis then you are just simply doing gambling and its not a must thing to be done when you are
making trading.

Learn up things as much as you can because this would really be helpful in your future trades to come.

TA is not there to make sure that you make a profit 100% of the time, it is there to tell you what it "should" do and that's how you trade based on it. Obviously without TA you have no sense of what it "should" do, doesn't mean you could not profit, I am sure there were times when people didn't do TA and made a profit and people did TA and lost money as well.

The real difference is that when you do TA before you trade, that means you have a chance to actually get it right on what it should do when it ends up doing it. Basically, TA is like a compass, it shows you the direction but it doesn't tell you what you will face while going that direction, you may have to go through a desert to reach your destination or you may walk 100 meters and reach it very easily, nobody really knows. Which is why it is quite important to know TA is not guaranteed profit method, but better than nothing.

[Pamadar]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

The best trading tool would be enough knowledge and trading skills. Trading is a long process of learning and to be pro in it, it will take a lot of practice that will also result in losses in the beginning. You could do more actual trading practice by just using a small number of funds. Don't rush things out and learn how to handle your emotions as well.

Most of the time, the trader who start small and established good system are the one who really succeed from

this kind of business, there are many failures at the beginning, but with better adjustments and eagerness to succeed, they
managed to find the right patterns.

Not an easy task but it's doable, no rush but instead right timing.

[noorman0]

In fact, spot trading is easier to implement than other types of trading. Emotional control is more important than TA in spot trading, because there are no liquidation points and flexible trading timeframes. TA is not completely accurate, but traders won't really lose as long as they haven't cut losses. Bad psychology will encourage traders to always sell low, even more so if the coin has high volatility.

[gamer4156]

It's essential to know which ones will prompt achievement. A triumphant broker will actually want to change a losing procedure rapidly and stay with one that is working for a lengthy timeframe. Trade signals help monetary sponsor with finishing up whether to buy sell or hold a security or money related instrument Specialized pointers are generally used with charts.

[jostorres]

TA is not completely accurate, but traders won't really lose as long as they haven't cut losses. Bad psychology will encourage traders to always sell low, even more so if the coin has high volatility.

I agree that technical analysis is not always accurate enough but it will provide us enough overlook/idea which is more important because practically no method could predict exact turning point of any market. Still, people are managing to make consistent profits from crypto trading out of their experience. It means you still need technical analysis but with help of your experience, you could make your technical analysis more effective for profit making and for skipping losing trades.

The trading process itself is very difficult. In order to make a profit, you really need to work out a lot of aspects.

Your statement must be true only in the beginning days and when you are becoming master in technical analysis then trading no more will remain too difficult one; you can easily make profit with the help of technical analysis and then you will find it as your day-to-day routine.

[Luzin]

That is very important aspect of trading. If you don't know how to control your risk you will keep losing hugely despite your technical ability. For example market gets volatile without information and having a good money management is the only thing that can safe the account from being swallowed, technical can only show the process of entering for profit but not protection of account.

True, technical only reduces the risk of lose. Some times the technical has quite good accuracy in helping enter or exit a trade. But remember the technical will be lost by the owners of large funds. They are able to change the market trendline with their funds. To avoid losses, of course you have been helped with the Stop lose feature. You can use that feature, of course you have to be disciplined to always use it. Other that you can choose a trading site that has that feature.

[Wiwo]

I don't believe in any technicalities in trading as trading is based on skills and the right trading analysis, when you talk of technicality then you will be looking for features that are not available in trading so just develop trading skills and trade with your developed skills.

[sana54210]

I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

That must be e the right thing that you need to do you if you really care about your success in live crypto market.
The technical part of crypto trading could be easily learned when we are continuously practicing in demo accounts. Unfortunately beginners are not giving priority for demo trading which is the reason they are suffering until they are gathering enough experience about how to trade on crypto market with least losses. Technical knowledge about crypto trading will be easier when we are practicing in demo account.

[Silberman]

With that loss, for sure you already learn something that will help you to be a good trader. Learn from your mistakes.
First, identify your mistakes, like where did you go wrong? Your entry? stop-loss?
How to avoid those mistakes, learning such technical analysis to help you not to do the same mistakes.

And the most important is risk management, do you have one? Because most of the failed traders, don't have. This is the most important, you should always have one to preserve your capital.

Good points, however I will add to learn from the mistakes of others to the list, many people try to learn form their mistakes, and that is fine, but it is even better to learn from the mistakes of others, that way you save yourself the trouble of having to overcome that mistake plus the more mistakes you avoid the closer you will get to become a profitable trader, now this is not easy but it can be done, and if you happen to avoid most major mistakes that newbies make then your profits will be way higher as your capital will not suffer as much as it could if you tried to learn only from your own mistakes.

[Mkmanik]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

The list is so long, But don't worry. Try to read one by one, try to understand which one is needed for you. Trust me, All of the sources will help you a lot to become a good trader. I follow a man named Emperor, He is the owner of this pdf file

Index of Trading Tutorials (2021)

BITCOIN TRADING MANUAL: https://bit.ly/39iKQ2U

Before you start:

A thread for beginners https://bit.ly/3czFrFO

How to build a trading system https://bit.ly/39fZQib

Principles of Survival https://bit.ly/3Am3Zgg

Trading Routine https://bit.ly/3EuxOOf

How I made money with Crypto https://bit.ly/39kuwP8

Introduction to TA:

TA Basics https://bit.ly/30I0iSB

Bitcoin Trading Master Class Part 1 https://bit.ly/2OFcJvi -

Bitcoin Trading Master Class Part 2 - Candlesticks https://bit.ly/30TKefT

Price Market Psychology https://bit.ly/2QAcQWp


Threads and Charts:

Altcoin Entries (How to Find them) https://bit.ly/3tO07SU

Altcoin Breakout https://bit.ly/2DacbrN

Avoid Breakout Trading https://bit.ly/3krQbLX

Bearish Divergence https://bit.ly/33WCmgH

Bearish Divergence Cheat Sheet https://bit.ly/39jrE5i

Bullish Divergence https://bit.ly/3fGhpsl

Bullish Divergence Cheat Sheet https://bit.ly/3nKvcpn

Being Profitable https://bit.ly/3eOb5Ch

Demand Supply Trade setup https://bit.ly/2XG7Bs

EMA strategy https://bit.ly/3eQqmCv

EMA, Supply, Swings, Position Addition https://bit.ly/30KCNIW

Head and shoulders https://bit.ly/30IvAsN

Heat Maps https://bit.ly/2Za8A7H

How to Avoid Fake Break-outs and

Traps https://bit.ly/3klkio3

How Pump and Dump Works https://bit.ly/3ks5fa9

How to Trade a Range https://bit.ly/3kjGPBv

Multiple Confirmation Short https://bit.ly/39xaUaV

Open Interest https://bit.ly/3cLUyMN

Position addition on swings https://bit.ly/33FXV4V

Price Action Range Break Out https://bit.ly/3khL8xo

Principles of Price Action https://bit.ly/3u4o4pj

Price Volume Confirmation https://bit.ly/3EvqqSM

Quick look at Indicator confirmations https://bit.ly/2PB9VfE

Retracement VS Reversal https://bit.ly/3tQKdqQ

Risk Management 1 https://bit.ly/2WjqQqk

Risk Management 2 https://bit.ly/2Knjj7k

Scalping Tips https://bit.ly/2Xvvmqg

Support and Resistance https://bit.ly/3ipzvAx

Trading Methods https://bit.ly/3f23CQr

Trend Reversal Short Set up https://bit.ly/3hKuW68

Volume Part 1 https://bit.ly/31ANltb

Volume Cheat Sheet https://bit.ly/3kiIk2W

Volume Exit https://bit.ly/3And2O9


PDFs:

Bitcoin Price Report (Sept 2021) https://bit.ly/2XuDGGJ

Capital Preservation https://bit.ly/3hLmunc

Stop Loss https://bit.ly/3kl6OIO

Price Action: Price Psychology and Market Formation https://bit.ly/3kluY6f

MISC

TRADINGVIEW INDICATOR: https://bit.ly/3EveP61

How to use the Altcoin Trading Indicator: https://bit.ly/3klb0bw

Pre-requisites to trading- https://bit.ly/3a9tCEX

Recommended Books: https://bit.ly/3kuou2W

My Best 10 trading Lessons- https://bit.ly/31AQcT4

Scalp Short Sample- https://bit.ly/33FeH46

Long Swing Sample- https://bit.ly/31DqgGo

Day Trading Strategy - https://bit.ly/3mlUbg

Fibs- https://twitter.com/CryptoMellany/status/1382645388939821058

[BIN-BIN]

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

most exchange that offers demo trading accounts helps their customers on how to trade, well the fact that trading is a skillful venture and at that requires some form of technical aspests. But again some trading analysis doesn't perform accordingly or does not give guaranteed results.

[taufik123]

In fact, spot trading is easier to implement than other types of trading. Emotional control is more important than TA in spot trading, because there are no liquidation points and flexible trading timeframes. TA is not completely accurate, but traders won't really lose as long as they haven't cut losses. Bad psychology will encourage traders to always sell low, even more so if the coin has high volatility.

Bad psychology is a problem for every trader. both professional traders and novice traders, all will surely be disturbed by psychology that cannot be controlled. Sometimes there is panic when prices continue to fall and FOMO occurs when prices continue to rise.
Trading hours are also a determinant of trading psychology can be relied on or not. TA only affects when you want to enter and when you have to leave, the rest depends on each person's psychology. make a trading strategy and run according to the existing strategy, it will be better.

[Silberman]

In fact, spot trading is easier to implement than other types of trading. Emotional control is more important than TA in spot trading, because there are no liquidation points and flexible trading timeframes. TA is not completely accurate, but traders won't really lose as long as they haven't cut losses. Bad psychology will encourage traders to always sell low, even more so if the coin has high volatility.

Bad psychology is a problem for every trader. both professional traders and novice traders, all will surely be disturbed by psychology that cannot be controlled. Sometimes there is panic when prices continue to fall and FOMO occurs when prices continue to rise.
Trading hours are also a determinant of trading psychology can be relied on or not. TA only affects when you want to enter and when you have to leave, the rest depends on each person's psychology. make a trading strategy and run according to the existing strategy, it will be better.

I have always found odd that people spend countless hours reading charts and analyzing all kind of strategies and indicators to try to get an edge on the market and they always ignore one of the most important aspects when it comes to trading, which is their own mentality, it is known that even if you have a good strategy and you have an expert by your side explaining how it works and why, if you lose control of your emotions then you will lose money to the markets, and yet most traders dedicate no time at all to try to improve themselves in this aspect.

[lixer]

I don't believe in any technicalities in trading as trading is based on skills and the right trading analysis, when you talk of technicality then you will be looking for features that are not available in trading so just develop trading skills and trade with your developed skills.

I think you are confused about what the technical aspect of trading means. When you say skills, you already accept there's a technical part to trading.

Skills is the ability to predict which way the market will move, right? And how does that come?
Based on your ability to read the charts and analyse whether the market is showing signals for a crash or pump.

[jostorres]

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

[Pamadar]

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

TA is just another good basis to anticipate where the market is heading,

Not an assurance, but it can lead you to the right direction, starting small while trying to learn the deeper knowledge using this
pattern is good, no matter what testing your skills and emotion first before placing a huge amount of money.

if you see yourself excelling, you can add portion by portion is a non-stop learning as the market is keep fluctuating,
there's always a good system to follow, either you are aiming for short trade or long-term investment.

[Mkmanik]

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

It's a very good idea to do a Demo/paper trade at the beginning. I also learned to trade with the Demo account. Also, I kept my trade journal regularly. I also suggest people keep the trading journal.

But doing trade with real money, there is a good feeling. Trust me, How much money you have does not matter. But if you try to do trade with real money it will be very helpful for you. After paper trading, I started my trade with only $100 and my win rate was 53% and I was in profit. To understand this, you need to follow proper risk management. Without proper risk management, Most of the traders cant able to do survive in trade. So don't forget to learn Risk management.

[Silberman]

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

Even if the principles are the same a demo account is very different to trading for real, and the reason is that with a demo account you are risking nothing but with a regular trading account you are risking your money, this means that it is very easy to trade a demo account since your emotions are not going to be engaged at all when you win or lose, but with a regular trading account your emotions will be heavily involved, which is why many people that have successful trading strategies cannot trade the markets despite that fact and lose their money.

[Bhig Daddy]

You are most likely doing the same errors that newcomers do. Even I had lost a significant amount of money in the early going. I've learned from my mistakes and experience to thoroughly examine every coin before buying any.
Become knowledgeable about technical analysis, purchase the coin at a discount, and never, ever sell it at a loss.
Since you can only lose money when you sell at a loss, you must hold onto your diamonds until you are making a profit before closing the sale. The most effective technique is usually the dollar cost average.

[ItsCrafty]

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

[virasisog]

Before using all the aspects of the work that I know in trading, I practiced them on a demo account of the Amarkets broker. This option seemed to me the most correct.

Not a bad idea to test your trading skills on a demo account but once you start trading with real money there is a different kind of feeling and challenge you will face. I suggest you to start small no matter how successful and confident you feel on the demo account.

To master the technical analysis, we must need to gather as much as possible real time scenario. Only with real time market pressure, we could gain all the required things of trading which includes technical aspects and emotional part of risk management. Overall, nothing is possible over night in trading which is applicable to both preparation for trading and profits from trading.

Even if the principles are the same a demo account is very different to trading for real, and the reason is that with a demo account you are risking nothing but with a regular trading account you are risking your money, this means that it is very easy to trade a demo account since your emotions are not going to be engaged at all when you win or lose, but with a regular trading account your emotions will be heavily involved, which is why many people that have successful trading strategies cannot trade the markets despite that fact and lose their money.

The emotional engagement that we have towards the demo account and the actual trading are too far different from each other. It feels different if we're already risking our own funds because the feeling of anxiousness and pressure is already present. The demo account could train us yet the best training ground that we could have is the actual trading so we should expect losses as a part of the learning process. We can't learn about trading in just a single night and it will take time regardless of how long you have tried trading in demo accounts.

[Digital_Lord]

The first blunder you made was employing a major fraction of your resources because doing so puts you at a high risk, even after you gain experience. Another error that you made was attempting to engage in spot trading all at once. Instead, investing a small amount in just that coin will be good over the long run and double your money because owning a peculiar coin is recommendable to investing all of your funds in one coin and using it for spot trading.

[Quidat]

The first blunder you made was employing a major fraction of your resources because doing so puts you at a high risk, even after you gain experience. Another error that you made was attempting to engage in spot trading all at once. Instead, investing a small amount in just that coin will be good over the long run and double your money because owning a peculiar coin is recommendable to investing all of your funds in one coin and using it for spot trading.

But we know that not all traders does have that kind of long patience which for them to be able to wait up for that long for them to reap up some profits on which there are ones who do really trade off with shorter scale or span of time where they do prefer on seeing those possible gains on without needing to wait up on long term this is where things turns out to be different where engagement of someone
on the market on very active manner would really be happening and this is where technical indicators or tools would really be mainly needed or being really used because you cant really just able to
deal up with volatility without having these things because if ever you do make trades without any basis then you are just simply doing gambling.

[Mpamaegbu]

Spot trading is riskier and it become more riskier when you use large part of money for it.

What? How is spot trading riskier? Perhaps you were by chance trying to allude to Futures or leverage trading which is the rave now with  crypto trading. Spot trading is the old crypto stuff and a kind of laid-back conventional method. Its risk is almost none. Until the trader sells, they haven't made a loss even if the crypto dips or continues to dip.

[TelolettOm]

trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

Actually, spot trading is less risk than future trading, actually, as long as you are still holding the coins, not selling the coins when the price drops, you still have them and can hold them until the price rises up. But you sold them when the price drops very much, that's the probem. You lost your money.
Except that you are buying shit coins that may head to dead coins, so, this will make you lost your money because those shit coins may not be available on the market again, or have no value again to sell.
That is why you need to learn more about how to trade even in the spot market. It is beter to buy potential coins with serious cosnideration and analysis. Trading is profitable and risky at once. The result will depend on how we are doing it.

[ChiNgadOr]

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

This is one of the mistakes newbies normally make going live without having a sufficient understanding about the trading world. Trading is not meant to be immediately or too quick. We need to learn and acquire adequate information about trading before we ever think of going live again. The market is not friendly at all so we don't have  to make a dangerous mistake that could make us to lose big because of lack of trading skills and the right information.
Op need to go and learn a trading skill with demo account before going live again.

[Mahanton]

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

This is one of the mistakes newbies normally make going live without having a sufficient understanding about the trading world. Trading is not meant to be immediately or too quick. We need to learn and acquire adequate information about trading before we ever think of going live again. The market is not friendly at all so we don't have  to make a dangerous mistake that could make us to lose big because of lack of trading skills and the right information.
Op need to go and learn a trading skill with demo account before going live again.

Most of the time which our first impressions towards trading is that it is really just a simple thing and not so that too technical and on the time they make out that real engagement then this is where
realization do happens and able to say that it wasnt easy to get involved with.Just like on what others been saying that its never been easy.It might be only dealing on predicting prices but on how you would
gonna do that? How you would consider out on whats the bottom? Whats the peak price? You would eventually find up relevant tools and indicators which would really be helping out
on determining those points and this is where technical aspect is really that much needed.

[Zilon]

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

Buying coin without any tool giving in signal on when to buy and when to pull out is even more riskier. We don't just buy because every where seems bullish what if it was a trap? in fact every thing about crypto is risky the very reason why it's not advisable to risk more than one can afford to lose.

The crypto market is highly volatile added to the series of pump and dump projects everywhere. All Op needed was to learn first before taking such a risky adventure. Maybe Op might have heard how people became millionaires through trading and felt it was just as easy as it was told. Newbies should learn from this because no amount of technical analysis given here will save a trade placed against trend

[Rengga Jati]

But we know that not all traders does have that kind of long patience which for them to be able to wait up for that long for them to reap up some profits on which there are ones who do really trade off with shorter scale or span of time where they do prefer on seeing those possible gains on without needing to wait up on long term this is where things turns out to be different where engagement of someone

This is a personal condition, where if they are not patient every time, without any learning and problem solving on managing the emotion and patience, this means that there is something wrong with him, not with the trading activities. Because being patient and good emotion management become strong elements that must have in trading in order to minimize the risks of losing because of impatience. If someone has this impatience, they should be able to manage themselves to fix the problem, or they will lose more and more.

First of all it is quite riskier to invest large portion of money at the beginning and other thing is that your concentration and thoughts should be focused on your aim. In my opinion you have to buy that coin about which you have surety that it will pump and will give huge revenue. Spot trading is riskier and it become more riskier when you use large part of money for it.

Could your statement be reversed?
Isn't spot trading less risky when compared to futures trading or trading with leverage?
Moreover, you are talking about trading coins that are likely to pump, this is like gambling, isn't it? because we won't know what coin to pump.

[topman21]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

First you need to gain experience about trading. Since you are doing trading on trading platform you need to know about trading first what is trading actually.Market analysis should be done If you can't analyze the market then you will never be able to profit by trading from the trading platform.You have to follow every signal. You have to act according to the signal.There are also various technical aspects that you can follow But without experience you are not allowed to trade on the trading platform. Because trading is not so easy.

[Bhig Daddy]

Are you trading spot and are you in a hurry to ignore the rate at which the price is falling? If you've already suffered a lot of loss, you have plenty of time to deal with everything. Play it safe and try to trade safely. to momentarily abstain from spot trading. Pick a time frame, such a week, for price changes. while studying all of the fundamental trading indicators.

[iv4n]

Hello, friends, I have a request on trading skills that prompt this request is because of my recent experience in trading I used a large amount as capital for trading and at this moment the only amount being left to trade with is $200 I lost all my funds to spot trading.
Am looking for the technical aspects of trading what are the tools needed to build a good trading career.

First you need to gain experience about trading. Since you are doing trading on trading platform you need to know about trading first what is trading actually.Market analysis should be done If you can't analyze the market then you will never be able to profit by trading from the trading platform.You have to follow every signal. You have to act according to the signal.There are also various technical aspects that you can follow But without experience you are not allowed to trade on the trading platform. Because trading is not so easy.

Well, now OP can say that he has some experience in trading, he got into trading with serious money and he lost, but we can hope that he learned something while he was losing all that money! I guess he thought that with some serious capital it will be easy to make money with lucky guessing, probably he got into the wrong coins at the wrong time, and he was impatient to wait for those coins to gain some momentum... if you sell with a loss every time after some time your capital will melt!

He just needs to follow some suggestions from this topic, how to choose a pair and follow it for a while, to see the best timing for trading that pair, to learn more about that pair, it's called research... with lucky guessing, nobody made a fortune in the long run.