A guide for beginners to learn trading

[jstmtlqc]

Two weeks ago, I've been asked by a member of a Facebook group if I could help him to start trading.

BTC was dropping and the guy was desperate a bit.

Learning to trade is not that easy if you start from scratch and there are many topics to be covered.

So I decided to write a guide on my blog that would cover all the basics in order to put him and other new traders on the right path.

I thought that sharing it here might be good if ever any of you would like to get started with trading.

Don't hesitate if you have any questions or suggestions on what I could add to the guide to make it more complete.

Here's the guide link: https://trendsurferssignals.com/how-to-trade-cryptocurrencies/

[palle11]

I was reading your support and resistance explanation and you actually made it clear that the longer time frame is better for it compared to short time like 5minutes time. That is true and you have made good chart there and help to beginners.
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. Candlesticks are important if you are a swinger or short time trader.

[tygeade]

Learning to trade is not that easy if you start from scratch and there are many topics to be covered.

So I decided to write a guide on my blog that would cover all the basics in order to put him and other new traders on the right path.

I thought that sharing it here might be good if ever any of you would like to get started with trading.

There are so many posts online that teaches newbies how they can start reading. And if you check on youtube then you will be overwhelmed by the options that you will be getting there. I mean these days online tutorials on trading are available everywhere.

But, it is not bad for you to also write about it, as long as you believe that there is another way for you to present it in a way that it would be better and also more easy for newbies to understand it and start their trading business.

[DoublerHunter]

~snip~

Here's the guide link: https://trendsurferssignals.com/how-to-trade-cryptocurrencies/

It is a good guide that you have shared.
As a beginner in trading, we should always be looking and find ways where to learn to trade, it is almost everywhere on the internet now and I think it is not difficult compared before because we have a lot of traders that have been learned quickly because of the internet which is very common on my side.
Probably others will say trading is very easy, no that is not.

[TheGreatPython]

There are so many posts online that teaches newbies how they can start reading. And if you check on youtube then you will be overwhelmed by the options that you will be getting there. I mean these days online tutorials on trading are available everywhere.

Still, learning how to trade is not an easy thing, and it’s not just something that you will do in a day, it takes time and you have to be dedicated to it. If you can have the patience and also make up the time to learn crypto threading, then you would be able to learn it. And when you learn it, you would get better as you start having the experience as well. I did go through your article and you made a pretty good explanation.

[Ararbermas]

Two weeks ago, I've been asked by a member of a Facebook group if I could help him to start trading.

BTC was dropping and the guy was desperate a bit.

Learning to trade is not that easy if you start from scratch and there are many topics to be covered.

So I decided to write a guide on my blog that would cover all the basics in order to put him and other new traders on the right path.

I thought that sharing it here might be good if ever any of you would like to get started with trading.

Don't hesitate if you have any questions or suggestions on what I could add to the guide to make it more complete.

Here's the guide link: https://trendsurferssignals.com/how-to-trade-cryptocurrencies/

actually that's a good idea.. But using simple research you can actually find some pdf courses about trading and it's free! All the information is already in it wherein all you need to do is to put efforts. Infact I've already read 4 course and most of them is almost had the same information and strategies. And yep very helpful if you have efforts to back test those stuff and you use to make research for specific information.

[Wexnident]

Well, tbf... I think most stuff could be looked up online? There's a lot of guides out there and if you're stuck on not understanding something, well, look it up again. It's like creating a network of resources that you can use to slowly translate what seems like gibberish to you into something meaningful. First steps are usually the hardest to take since you don't actually know where to take it, but even with that, just keep persevering and give yourself time to learn and it should all gradually fall into place.

[the_Ne0]

A link: https://www.tradingview.com/chart/ABBkRIp7/

In "Charting basics in Tradingview" section gives me Access Denied "If you wish to see someone else's chart layout, then please ask the owner to enable chart layout sharing, or to publish it by clicking the Publish Idea button."

You should probably fix that. 

[rhomelmabini]

First steps are usually the hardest to take since you don't actually know where to take it, but even with that, just keep persevering and give yourself time to learn and it should all gradually fall into place.

We've been there I suppose but I think the best self guide you can ever have was experiencing it yourself then observe it. No other educational thing could possibly beat to it but yeah we all are different learners and have unique style as well when it comes to trading. It always take time and also when it comes to trading I think this one is a lifelong learning thing, it isn't something that being stuck. You can clearly learn new things everyday especially in this too volatile market like crypto.

[palle11]

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.

[jostorres]

Ther is a lot of guide for begginers they can find it everywhere in social media and in every person that knows about trading the guide is important

For unknown reasons, most of the free guide we are getting from internet are not continuously effective as far as I have experienced. I have not tried each and every guide but I have tried few from major social media but after some period of time, all of them stopped working or started getting me losses.

sometimes trading also depend on our luck.

I never agree about the role of luck factor in deciding the outcome of crypto trading. But, you are not the first one that I am coming across who is talking about the influence of luck factor in crypto trading still out of market fluctuations many people had already felt like that.

[Oceat]

First steps are usually the hardest to take since you don't actually know where to take it, but even with that, just keep persevering and give yourself time to learn and it should all gradually fall into place.

We've been there I suppose but I think the best self guide you can ever have was experiencing it yourself then observe it. No other educational thing could possibly beat to it but yeah we all are different learners and have unique style as well when it comes to trading. It always take time and also when it comes to trading I think this one is a lifelong learning thing, it isn't something that being stuck. You can clearly learn new things everyday especially in this too volatile market like crypto.

I second to this, no one can beat experience so always try and try anyway you'll never know you just suddenly becoming a pro with just a simple look and you can tell where the next market would move. You can predict the price just by looking although in this crypto market that seems like almost impossible but at least you can easily tell.

Anyway, trading isn't just about experience but sometimes you also need some luck in order to gain some profit. It's not like a gambling though but a little luck will just help you to become better in the future.

[jstmtlqc]

I was reading your support and resistance explanation and you actually made it clear that the longer time frame is better for it compared to short time like 5minutes time. That is true and you have made good chart there and help to beginners.
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. Candlesticks are important if you are a swinger or short time trader.

Yes, I agree.

S/R is just one example that I wanted to give. I also show some patterns but not all. I didn't get into candlestick as I never traded them.

Ill try to have a look at candlestick pattern to see if I can suggest a couple of formations for the readers.

Thanks for the feedback

[jstmtlqc]

First steps are usually the hardest to take since you don't actually know where to take it, but even with that, just keep persevering and give yourself time to learn and it should all gradually fall into place.

We've been there I suppose but I think the best self guide you can ever have was experiencing it yourself then observe it. No other educational thing could possibly beat to it but yeah we all are different learners and have unique style as well when it comes to trading. It always take time and also when it comes to trading I think this one is a lifelong learning thing, it isn't something that being stuck. You can clearly learn new things everyday especially in this too volatile market like crypto.

I second to this, no one can beat experience so always try and try anyway you'll never know you just suddenly becoming a pro with just a simple look and you can tell where the next market would move. You can predict the price just by looking although in this crypto market that seems like almost impossible but at least you can easily tell.

Anyway, trading isn't just about experience but sometimes you also need some luck in order to gain some profit. It's not like a gambling though but a little luck will just help you to become better in the future.

Yep, that's right. That's why I highly suggest to the readers to go on Paper trading at first and then start with a small amount.

Lots of learning before being profitable.

I've put some resources and books at the end of the guide, what are the best resources in your opinion? adding some more could be great.

[jstmtlqc]

Well, tbf... I think most stuff could be looked up online? There's a lot of guides out there and if you're stuck on not understanding something, well, look it up again. It's like creating a network of resources that you can use to slowly translate what seems like gibberish to you into something meaningful. First steps are usually the hardest to take since you don't actually know where to take it, but even with that, just keep persevering and give yourself time to learn and it should all gradually fall into place.

Yes, most of it is already available online, but in separate parts often. And sometimes, its not the content that is important, but the way that it is presented.

What is clear for a reader, might not be for another one.

Many new traders ask me questions that seem so basics. Now I can redirect them to this guide and it can answer most of those basic questions.

[bittraffic]

I was reading your support and resistance explanation and you actually made it clear that the longer time frame is better for it compared to short time like 5minutes time. That is true and you have made good chart there and help to beginners.
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. Candlesticks are important if you are a swinger or short time trader.

Yes, I agree.

S/R is just one example that I wanted to give. I also show some patterns but not all. I didn't get into candlestick as I never traded them.

Ill try to have a look at candlestick pattern to see if I can suggest a couple of formations for the readers.

Thanks for the feedback

Sometimes the newbie is actually looking for a simple strategy to follow for him to start with.
What some a newbie just want is a trading pattern like when MAs cross and RSI touches the -30 in the 1hour chart it's time to buy and when it hit the +70 on RSI, it's time to sell. It's the kind of strategy a desperate one need.

In your blog though, you cover it all which is good but it's a long route.  Next blog entry, you can assume that the reader already learned how to operate the tradingview.

[Alisha-k]

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

It takes dedication and determination for one to excel in trading, the risk in it is enough to sweep anyone off their feet but when you're determined to make it, you tend to stand out in all you do.

[crzy]

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.

[Vaculin]

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.

True. Trading is somewhat complex so you should never stops learning from it. And thanks to you OP as you provide clear guide for beginners on how to trade with more understanding and of course with long patience. Although there are a lot of online tutorials available but its up to the trader alone where he can find more clarity on the guides and be able to understand it more so he can perform trading successfully.

[sheenshane]

It's a nice blog and this will help people who want to be a trader but if you're from the scratch, you have a lot of things that you learn not only by reading the article.  There are too many factors to consider before you will become a good trader, in your "Traits needed to be a good crypto trader" I have something to add with your criteria list and it is "greed and focuses in your goal".

It's a very crucial part of trading when you have a lack knowledge on trading because you're in hurry on it without the patience to make study and research, people like you is what newbies looking for, it's a great help for them to read your article that full of knowledgable content.