A guide for beginners to learn trading

[macson]

to be honest, i don't dare to click on the link you linked, for me trading is quite simple, the only condition is don't sell when your asset value decreases.  people out there who experience losses in trading, due to their lack of emotional control, causing them to make wrong decisions.  trading is not easy, not difficult too, as long as you understand the trick then your loss percentage is very small.

[palle11]

to be honest, i don't dare to click on the link you linked, for me trading is quite simple, the only condition is don't sell when your asset value decreases.  people out there who experience losses in trading, due to their lack of emotional control, causing them to make wrong decisions.  trading is not easy, not difficult too, as long as you understand the trick then your loss percentage is very small.

Is just what you build with experience. It is difficult for those traders not ready to look for how to learn and easy for those ready to learn and that have learnt the strategy very well. Many factors affect our trading that makes them to give up the dream. For now, trading has become source of living for many youths if the beginners can put mind in it to learn they will benefit.

[panukurap]

Now beginners don't need to be confused looking for information about crypto because now there is a lot of content that raises about crypto to trading. You can find it on several social media. Especially Youtube which is accompanied by a video so maybe this will clarify your understanding. But you also don't forget to keep looking for info from other sources, read a lot about crypto on bitcoin and altcoin forums.

[maydna]

to be honest, i don't dare to click on the link you linked, for me trading is quite simple, the only condition is don't sell when your asset value decreases.  people out there who experience losses in trading, due to their lack of emotional control, causing them to make wrong decisions.  trading is not easy, not difficult too, as long as you understand the trick then your loss percentage is very small.

Is just what you build with experience. It is difficult for those traders not ready to look for how to learn and easy for those ready to learn and that have learnt the strategy very well. Many factors affect our trading that makes them to give up the dream. For now, trading has become source of living for many youths if the beginners can put mind in it to learn they will benefit.

Trading will depend on how you can learn and practice and get the point of the lesson to improve your skills to adapt to the current situation on the market. You can expect to make a profit, but you can not always, especially if the market moves in the other direction. Many traders fail to adapt to the fluctuating of the market because they always want to make a profit which they can not always get. Hence, you need to realize that profit depends on the situation and condition. If the market is not good, we can stop trading for a while and monitor how the market move. You should take profit while you can because there is no guarantee the market will give you a big profit.

[Cling18]

What you've shared will already be a big help to that person yet he still has a lot to know about crypto including its risks. Technical analysis is too complex for beginners so focusing on the basics would be easier to understand. Trading is a long process of learning and reading a blog wouldn't be enough. There are still lots of resources where he could practice trading but he should first know how crypto trading works.

[AmoreJaz]

What you've shared will already be a big help to that person yet he still has a lot to know about crypto including its risks. Technical analysis is too complex for beginners so focusing on the basics would be easier to understand. Trading is a long process of learning and reading a blog wouldn't be enough. There are still lots of resources where he could practice trading but he should first know how crypto trading works.

i would say, experience is the best teacher in trading, whether crypto or forex. because we can read all day long about blogs or articles, but when it comes to actual trading, you will find that you are crawling in that situation. so while reading, you can already start small, use spare funds, try the techniques that they are suggesting and see if it will work on you. because the technique may be good, but in your case, it may not be applicable. remember each project has their own pace, so you can't expect that the strategy will work on each of them.

[kapalmabur]

Now beginners don't need to be confused looking for information about crypto because now there is a lot of content that raises about crypto to trading. You can find it on several social media. Especially Youtube which is accompanied by a video so maybe this will clarify your understanding. But you also don't forget to keep looking for info from other sources, read a lot about crypto on bitcoin and altcoin forums.

Yes we can take advantage of various platforms to learn about crypto,
what's more, for beginners it's better to focus on preparing everything before actually entering the market,
most importantly just enjoy the learning process

[justdimin]

i would say, experience is the best teacher in trading, whether crypto or forex. because we can read all day long about blogs or articles, but when it comes to actual trading, you will find that you are crawling in that situation. so while reading, you can already start small, use spare funds, try the techniques that they are suggesting and see if it will work on you. because the technique may be good, but in your case, it may not be applicable. remember each project has their own pace, so you can't expect that the strategy will work on each of them.

This is why there is a good amount of situation where you could make a profit only if you get to experience it without risking too much funds first. How could you do that? You could use the demo trading websites. In those websites you are given a fake amount of money but you are asked to trade in the real market with it, that way you get to see how you would be doing if it was actual trading.

If you are good at it then you are good at it and you could start real trading, but if you feel you are not ready yet, then you make your mistakes in that website and eventually you get better. This allows people to make a profit based on what they have at that moment and not what they may have in the future as a knowledge. It also allows people to get rid of that newbie jitters and you become a bit more accustomed to trading before you actually start.

[Silberman]

As long as beginners are serious about learning, they can take advantage of the various content available on YouTube about trading tutorials. Not only on youtube, in online articles there are also many trading mixes available. To start trading, you must have extensive knowledge, skills in trading are very important. Do not be too hasty in making decisions, this can harm us.

I would recommend newbies to stay away from youtube videos, while people learn a lot better in that way than by simply reading, there are a great deal of content creators that care nothing about the veracity of the information they are sharing and many times even when they know that what they are saying is false or a misrepresentation of the truth they will upload a video with that content anyway as they want to obtain click and views, so I think the first steps a newbie should take on their journey to become traders should be to learn from books and not from those videos.

[LUCKMCFLY]

They are excellent thoughts, for me the knowledge acquired through books has a lot to do with it, it is for this reason that I recommend reading Wyckoff, Livermore, Waerren Bugget, Malkiel BURTON to everyone who is going to start trading, because they are authors that show you how they saw the market (Stock Market) which their techniques and strategies are fully applicable to crypto, when you have all this knowledge from at least having read these books, I recommend learning technical analysis, indicator tools, among others, because you already have a previous analysis and decision that is helped by technical analysis.

[Issa56]

Waw the post is really nice and will definitely benefit the newbies which are entering the crypto market and the really want to learn, have not been able to read all the post in the link attached to your post, but I was able to check the table of content which I will read the remaing post later. The only thing I will have to say is that most of the books published currently about cryptocurrency only talks about the profit aspect of cryptocurrency, I believe the first thing a newbie should know before joining cryptocurrency is that you can make profit and you can also lose your money so that incase if there trade goes side way they won't really be disappointed so I believe whenever you are introducing anybody to cryptocurrency always let them know they can lose money and always teach them risk management.

[Mpamaegbu]

But about the support and resistance, for daily traders sometimes support and resistance is not what you need because is just a short time trade.

We find support and resistance in daily timeframe too. It's just that it may not be as strong as those found in weekly and above but it's there. Don't judge any trade or timeframe as short and hurriedly execute trades based on that. There's daily pivot points, remember that. Every daytrader looks out for that.

Candlesticks are important if you are a swinger or short time trader.

Candle patterns are very important all through. The only difference is that a reversal pattern on a weekly/monthly if spotted on time would net a trader more pips than that on a 1hr/4hrs/daily.

[livingfree]

right, with these books we learn from people who are experienced in this business and there is no doubt about it. First, we really have to study the theory first, before doing the practice. on the other hand, by studying with experienced friends, it will speed up our learning process in finding a trading strategy that suits us. and after that experience will expand our knowledge in dealing with problems that occur when doing real trading

If you don't have experienced friends.

Take it from the experienced traders of the forum.

You can ask as many as you want as long as the topic is related to trading and many of them will share their thoughts about trading and as well as the experience they got.

[GeorgeJohn]

Trading is very important in cryptocurrency domain, because it's the essence of having more coins if actually you adventure into positive side of trading cryptocurrency, and this scenario it's not something someone can possessed without undergoing it's educational function from the beginning, someone who jumped into trading without knowing the basic things of cryptocurrency, such chart via knowing of the movement of candle sticks regulations will end up with tears, it's nice to peruse into trading platform before putting capital for trading.

[Lordhermes]

Research,read more,make findings,invest in a promising project.and the results will definitely come on it own.
Learning from the experienced people is and people that a ahead of you like a role model in Crypto is also important.

And another important thing is reading people's post to understand the topic more,and gaining experience from their post.

[TopT3ns]

I think not only checking with bitcoin chart but also research is most important if want get lucky with cryptocurrency trading, always I check when trading with altcoin looking for what new update and have good news for my trading altcoin. Usually before checking which one altcoin have to buy I see general news about bitcoin, looking bitcoin transaction have many USDT transfer or BTC transfer from wallet to exchange, I think is most important to know about price pump or dump before try with investing in several altcoin, always have news with bitcoin transaction on twitter channel and we can see how many bitcoin transfer on this moment.

[Viscore]

but sometimes trading also depend on our luck.

Don't always believe that trading is about luck because it is not same as gambling. Do your rigorous training and learn about what it takes to trade, it is not considered as luck. There are guides that you can use to prevent your loses to be huge and if you can pick more pips as profit than pips that you lose then you don't see it as luck. You need to learn the ropes to a better trade, learn technical aspect of trading because it is important.

Trading I think is very complex and we need to learn everything related to trading,
both knowledge, skills, and mentality are very important to support in trading,
so we really have to prepare it all as well as possible

We really have to be prepared mentally for trading since this can consume your whole body and if you don’t know how to control yourself you might lose your money. Learning everything may take time but at least once you’re ready you can start to trade now and be more profitable. Don’t be afraid to lose in trading, its normal just do what is right and you should be fine. Trading is a never ending analysis and learning, be more patient with this.

Yah,thats right.And also, always keep in your mind that trading involves high risks. Including the risk is losing some of your money, or all of your investment amount.You should also follow a set of rules and strategy consistently. Once you are comfortable and able to make profit with your strategy then you can start with actual trading.

[Mr.right85]

Trading has turned out yo be something very risky due to the level of professionalism it requires of any one interested or dares to come on board. Having little knowledge of it and feeling you could win would be a very big mistake on a beginners part. Except for one who is ready to loose everything in order to gain experience and then have another go at it again.
The sad truth is, there are chances that you can loose everything and still learn nothing if you aren't smart enough or your not someone that is open to accepting new things.

[Natalim]

Trading has turned out yo be something very risky due to the level of professionalism it requires of any one interested or dares to come on board. Having little knowledge of it and feeling you could win would be a very big mistake on a beginners part. Except for one who is ready to loose everything in order to gain experience and then have another go at it again.
The sad truth is, there are chances that you can loose everything and still learn nothing if you aren't smart enough or your not someone that is open to accepting new things.

Even I was ready to lose my money but I'd never think that we suppose to think before trying traders, perhaps we have to gain. Being new to trading this (gain/profit) is not the thing we should think about but to pursue learning first as next to it will be earning a profit. Well, losing is very certain upon learning and we can never ever avoid that, and in fact, even those who have a long experience in trading still suffer losses, how much more for the novice.

[Sebas.tian]

Research,read more,make findings,invest in a promising project.and the results will definitely come on it own.
Learning from the experienced people is and people that a ahead of you like a role model in Crypto is also important.

And another important thing is reading people's post to understand the topic more,and gaining experience from their post.

Those point you stated here are very important to beginners to know more about cryptocurrency trading in the community. Research has helped many traders to become successful in the community based on the good experience they got from research. Reading more cryptocurrency books will also improve your knowledge about cryptocurrency trading and when to buy bitcoin and hold for future or when to sell bitcoin to make a good income.

Bitcointalk forum is a good platform many beginners can learn or acquire knowledge of  how to differentiate potential project and non potential project in the community. Many professional traders became what they are today because they were very active in the forum some years ago and even now.