Learn to trading - any suggestion?

[Kecemplung]

I am not a professional trader or experienced trader but at least I understand the risks and also all the consequences in trading "even though today is the first time trading". I plan to fight myself against curiosity. no harm in trying right? if I just stand by without Doing It then I will never know what experience is. first capital $100 and also ''ready to lose money''
I only use CMC + CoinGecko as the first material to analyze coins and also PooCoin.
any suggestion? some kind of tool/indicator for trading?

[1715111703]

1715111703

[1715111703]

1715111703

[1715111703]

1715111703

[1715111703]

1715111703

[jossiel]

Poocoin as a start? I don't think that's a good idea for you to start with.

As you start, get on the ride with bitcoin. It's where everyone should start with in trading because you'll never go wrong choosing it as a starter.

[Oceat]

Okay, so before you even say you are ready to lose some money make sure you are an experienced trader. If not then, you are most likely gambling your money in order to gain plus there are factors that you have to consider when trading and it's not that easy as you say you can spend a small bucks just because you are ready to accept consequences of the risk.

For starter, try using the search button to find the topic that what you need, this topic has been discussed over and over again and I'm sure there are plenty of topics you can read and also to help you where to start when trading. It's better than to gamble your money on trading without a proper knowledge.

[GbitG]

You can lock this thread because we already have few threads related to this topic please check here.

https://bitcointalk.org/index.php?topic=5362658.0

https://bitcointalk.org/index.php?topic=5364448.0

https://bitcointalk.org/index.php?topic=5363865.0

[JeromeTash]

There are so many tools you can use in your trading arsenal. The most popular Technical analysis and charting one is Tradingview.com.

I have seen numerous threads about trading tools in this board. All you have to do is make full use of the search button, and you will get what you want
For example, I just found about this site - https://learntradingart.com

[nelson4lov]

I am not a professional trader or experienced trader but at least I understand the risks and also all the consequences in trading "even though today is the first time trading". I plan to fight myself against curiosity. no harm in trying right? if I just stand by without Doing It then I will never know what experience is. first capital $100 and also ''ready to lose money''
I only use CMC + CoinGecko as the first material to analyze coins and also PooCoin.
any suggestion? some kind of tool/indicator for trading?

From what I understand, you just use these price tracking sites as a reference to learn how to trade? It looks like you're setting yourself up to fail and while you might get multiple returns on your $100 by putting it into a lucky shitcoin but it won't help you much because you'd like to go bigger next time and you'll get caught and lose even more than you originally anticipated.

What I suggest is to start learning technical analysis on:
- babypips.com
- YouTube (Free University for literally anything).

[electronicash]

you should start looking for charts and understand what it says using the indicators which means you also need to learn how the indicators work. its a big load for new learners but you will gradually absorb the information once you talk more to the people who know how to trade.  the forum has a good number of people who does trade, not just gamblers.

for starters, plush that poopcoin behind.

[adzino]

I am not a professional trader or experienced trader but at least I understand the risks and also all the consequences in trading "even though today is the first time trading". I plan to fight myself against curiosity. no harm in trying right? if I just stand by without Doing It then I will never know what experience is. first capital $100 and also ''ready to lose money''
I only use CMC + CoinGecko as the first material to analyze coins and also PooCoin.
any suggestion? some kind of tool/indicator for trading?

The best way to learn is through trading by yourself. Use your $100 to invest in some coins and start trading. You will make a lot of mistakes and will probably half of your money in just few days. Now use those mistakes and experience to make yourself a better trader. Learn from it and you will eventually get better. Just reading and watching videos on youtube won't get you anywhere. Gain knowledge and practice at the same time.

[adaseb]

You can go to YouTube and watch some videos about stock trading. There are hundreds of them out there. Don’t buy anything from those videos but just watch it to learn common termonology and get comfortable being in the markets.

Then try yourself with small sums, because most likely you will lose this money anyways. After a few months of trading you will get better and better at it. So remember to always go with the trend such as now only taking long trades and always use stop losses even if they get hit regularly.

[bolawin]

here is simple strategy or tips for you, go to bitcoinvsgold.xyz to compare price between bitcoin and gold.
and look below on chart for goldbtc, my experience is if it breakdown support or trendline then bitcoin price is going up its even better if the gold price also up again us dollar.

hope this simple tips will help you.

[mk4]

TradingView.com is pretty much the "standard" tool that people use due to it's dozens of features; whereas CMC and CoinGecko is mostly just for having quick glances in crypto prices and marketcaps.

for starters, plush that poopcoin behind.

Poocoin as a start? I don't think that's a good idea for you to start with.

As you start, get on the ride with bitcoin. It's where everyone should start with in trading because you'll never go wrong choosing it as a starter.

I assume OP was referring to the PooCoin charts tool(https://poocoin.app/), not necessarily a coin called PooCoin.

[Coin_trader]

I am not a professional trader or experienced trader but at least I understand the risks and also all the consequences in trading "even though today is the first time trading". I plan to fight myself against curiosity. no harm in trying right? if I just stand by without Doing It then I will never know what experience is. first capital $100 and also ''ready to lose money''
I only use CMC + CoinGecko as the first material to analyze coins and also PooCoin.
any suggestion? some kind of tool/indicator for trading?

Use trading for chart analysis if you are serious on trading. Learning how to use indicators and reading chart patterns is the key to become a successful trader. You can use YouTube and other PDF online for tutorials about trading using technical analysis.

Charts is your friend to determine the right time to buy and sell any tokens in the market. CMC and Coingecko is only used to have a background check about the project since all details about the project was indicated there.

Never FOMO and greed is the 2 thing you need to remember on trading.

[hugeblack]

What analyzes can CMC + CoinGecko provide it to you? These sites display average prices and are not responsible for any problems that occur to you when you want to trade, and therefore you are the one who bears any loss.

tradingview is the main one, as he gives you a set of technical analysis methods such as Support/Resistance, Trendline S&R, Fibonacci S&R, Moving Averages, Relative Strength Index (RSI), and On-Balance Volume (OBV)

[Ararbermas]

I am not a professional trader or experienced trader but at least I understand the risks and also all the consequences in trading "even though today is the first time trading". I plan to fight myself against curiosity. no harm in trying right? if I just stand by without Doing It then I will never know what experience is. first capital $100 and also ''ready to lose money''
I only use CMC + CoinGecko as the first material to analyze coins and also PooCoin.
any suggestion? some kind of tool/indicator for trading?

its a good start,  but always remember to make research if you have problem or questions, infact all the information about trading were in the internet so just invest time for it because that's the most important..
By the way why POOCOIN? what did you see on that project? For your information mate that coin has no volume /market cap data in CMC not available also in trading view wherein only price action in coinmarketcap. If i were you rely to the top 10 crypto if you want to have a good return, it's not safe to be honest so must think about it before making decision..

[ipanks]

From $100, you should only use $25-$50 from the total amount to trade and split into 3 or more parts to buy at many low prices. As you are a beginner in trading, I suggest you stick to one coin and focus.

PooCoin? It is available on PancakeSwap, so I do not think that will be good since you are still new to trading. I suggest you use Binance or local exchange to trade for starting. You can try from the top 100 coin lists at CMC or CoinGecko and try to select a low price coin such as ADA, TRX, Matic or else as that coin could potentially increase.

[proTECH77]

Trading is not something you start without following the procedure involved in the community. Try to obey rules and regulations that guide the forum to enable you to achieve what you want in the future. Listen to your facilitators in the market because they have many to offer to learner in the market.
Ensure you carry out your personal research regularly before approaching the market because there are many coins in the market which it takes the professional traders to identify the potential coins to invest.

[tranthidung]

I am not a professional trader or experienced trader but at least I understand the risks and also all the consequences in trading "even though today is the first time trading". I plan to fight myself against curiosity. no harm in trying right? if I just stand by without Doing It then I will never know what experience is. first capital $100 and also ''ready to lose money''

My advice goes to

• Start with investment first. Reasons?
  
  • It saves your time and you can get good profit in bull market. Especially, the new altcoin season will come soon with which you will have good profit if you invest in good altcoins that have own blockchains and are building up their ecosystem.
  • Remember, don't bind yourself with altcoins. Only invest and hold them in bull market, then take profit and exit.
  • In bear market, you will lose 80% to 99% of your capital if you hold altcoins
• When you increase your initial capital to 5 times, you can use a one-fifth to trade. Another one-fifth should be cashed out, just in case, you won't lose your initial capital

I only use CMC + CoinGecko as the first material to analyze coins and also PooCoin.

There are so many shitcoins with artificial pumps & dumps. Don't use Poocoin. If a coin is legit, it will appear on Trading View. You can buy a membership on Black Friday each year.

Messari.io's screener is very helpful. Highly recommended.

[Wexnident]

Trading View to track the market and a bunch of other features you'd find useful. Other than that really, it's mostly self-learning on what the market of the coin you're going to invest in moves or acts. Studying charts, trends, etc, would do you the best so being updated to the latest news about the crypto scene would probably do you well. Probably spread your portfolio as well but seeing as your initial investment seems pretty low, probably start with a coin you'd think you'd highly profit from then start spreading your portfolio after that.

[GreatArkansas]

Poocoin? Avoid that, there's a bunch of shitcoins out there.
For me, start the basics first. Learning the basics of trading will help you to become a good successful trader, that will be your core knowledge.
After learning the basics (candlesticks, how to use the chart, additional indicators (volume, momentum, moving averages)). Risk management is next this will help you to manage your capital, minimizing risk and maximizing profits.

[Mpamaegbu]

Poocoin as a start? I don't think that's a good idea for you to start with.

Poocoin is a trading app, not just only a crypto. It's a great app if you asked me. OP is in order making use of it. I also use it trading on DApp on Trust wallet. It's easier for me than going through the Dex.

Poocoin? Avoid that, there's a bunch of shitcoins out there.

Why would you call Poocoin a shitcoin? It's a great coin with use case. A crypto with its own trading app shouldn't in anyway be referred to as a shitcoin. You can find the trading app on playstore if you're an Android user. Perhaps you need to review it and find out it's underlying mechanism first before passing your judgment.