How to trade cryptocurrencies?

[sou-kou]

You must lose money in real money, or you can't have awe of the market, and you can't form your own discipline system.

[so98nn]

Honestly my ground zero was my friends when first started with the crypto currencies trading. However, that was really stupid idea. Friends you know? 
They gave me lot of ideas and I followed everything however with the least success. So yep its better to have lessons first before we can even enter into the crypto currencies market trading. The first lesson I got is, market is highly volatile and we can not trust the next move with logics or copy professional traders. That is really noob thing to do. So, highly recommended to go for long term hodling of the crypto and then only make your move. Secondly, you can always have good trades if you are putting lot of time in learning day trading. For this one, you particularly need volatility so that you can quickly buy and sell the assets. So this is one of the my learnings and one could take it as lesson at their own pace and experiments.

[fullhdpixel]

there are many things on the web that can be easily taken to learn how to trade cryptocurrencies. and as far as I know Binance makes a lot of trading tutorials.
I myself to this day take a lot of trading knowledge from youtube videos but for beginners you have to be very careful because not everything you see and hear is something you should follow, you need to do a lot of research yourself before starting anything.

We need to be careful and not just follow every random tutorial that we see on the web because we don't know if what is their intention but a lot of them are only trying to mislead the people or to pick up a wrong coin but that's nice to know that binance now offers tutorials I think that is because so many newbies are choosing them because they are popular and known to be reputable. Much better if we stick to them if we don't know where to trust.

On our forum, we also have trading sections here and also beginners and help section, we can also rely on it. Youtube and other unknown source can only come next by the time we have learned something.

[Captain Corporate]

 This is why you should learn "how" to trade and not "what" to trade. It is definitely not something that you could potentially profit if you keep just getting learning what the coins you should trade, and just listen to someone and buy whatever they keep saying. I personally try to avoid that as much as I can, there is nothing that I could benefit from listenning to someone else, it just doesn't make sense. Instead, learn how you should trade, its alright that X person picked Y token but why? If you know what you are doing then you should be doing it with ease and find your own coins after that.

[clarkt]

How to trade cryptocurrency is to have a strategy of your own with basic knowledge of technicalities of trading which includes charting, plotting graphs to determine the situation of the market and to serve as speculations for future market condition!
In addition to all the aforementioned, you must be discipline, patience and have some control of your emotions!

[khaled0111]

Thank you OP for the link, a well written article indeed!
Clearly it was written for beginners as it covers the basics of trading, difference between cex and dex, known trading strategies... but it also has a lot of links to many other articles and videos which detail each part. So, even advanced traders may find it interesting.
However, just reading articles and watching videos won't make  you a successful trader. It requires more than that and you need to practice everything you learn.
Binance academy also have some good articles especially about TA and trading strategies.

[Sanitough]

Thank you OP for the link, a well written article indeed!
Clearly it was written for beginners as it covers the basics of trading, difference between cex and dex, known trading strategies... but it also has a lot of links to many other articles and videos which detail each part. So, even advanced traders may find it interesting.
However, just reading articles and watching videos won't make  you a successful trader. It requires more than that and you need to practice everything you learn.
Binance academy also have some good articles especially about TA and trading strategies.

Experience will certainly make a big difference in trading. Reading and watching alone maybe less of importance when application will not be done after that. Maybe you can start from demo trading and when you think you are ready for the real world in trading, then start to create your first experience. Trading should be learn in a hard way, that's most of the traders do. But if you have develop the right attitude in trading, aside from your own skill and good strategy, then trading could be easier then that will make you more comfortable in sustaining your profits. But be prepared first for frequent losses in trading before you can achieve trade gains.

[Bollexz1]

I used to trade crypto based on instinct and that's when I was still new in the space but not anymore.... So these days I base my trade on personal research, them apply my self strategy that best work for me and believe me its the sweetest way to go about it.

[Peanutswar]

To trade your cryptocurrency, you must need to know where is the most ideal and suitable for you. We have the internet to give you a chance and find the excellent platform or exchange next; we have YouTube or the online video platform used as a guide on how to execute those platforms correctly. Of course, once you are already there, try to apply that knowledge you gain.  Ideal for sticking to a known reputable platform preventing some issues with hacking or phishing

[King0]

At the moment you can get help from YouTube if you want but if you want to take training from someone personally then you can watch their videos from youtube for this you can contact them then you can know about cryptocurrency and understand how to trade about them.  Coins that are not bought and sold, you can understand them well, then you must be able to take a good profit from the online marketplace with cryptocurrency.

[jostorres]

We have the internet to give you a chance and find the excellent platform or exchange next; we have YouTube or the online video platform used as a guide on how to execute those platforms correctly. Of course, once you are already there, try to apply that knowledge you gain.

I am afraid just because of having all the resources and platform which are needed for getting ready to begin with cryptocurrency trading, no one will be able to make profits from cryptocurrency trading. I mean in-between resources and live trading, there is a big task which is learning and practicing. This is the reason that we have lots of losing traders and very few profitable traders.

Cryptocurrency for work is quite an interesting option. With the right approach, the result can be quite interesting.

Yeah, if you are unable to provide right approach then never think about getting into cryptocurrency trading. Because, there are lots of other methods are available to make money with cryptocurrency and trading is not the just only one option.

[stepwilli]

I came across this useful article which learn how to trade cryptocurrencies?

https://altfins-scan-analyze-trade.medium.com/how-to-trade-cryptocurrencies-16b1eec290c3

What are your other sources of crypto trading education?

I am not following any online resources for educating myself about crypto trading because I am already into real-time cryptocurrency trading environment which is more than enough to teach me about the basics and advanced concepts of crypto trading. Moreover these resources are only significant in your beginning days and once you are getting experienced then you must need only real time lessons and not theoretical ones.

If you are seriously looking for any resources then I recommend you to go and check YouTube videos rather than  study materials because when you are watching videos you will be getting more depth knowledge which is rememberable for long time compared what you learn from book or from online things.

[teosanru]

I came across this useful article which learn how to trade cryptocurrencies?

https://altfins-scan-analyze-trade.medium.com/how-to-trade-cryptocurrencies-16b1eec290c3

What are your other sources of crypto trading education?

These types of resources are really easy to find, just one search on google or youtube can land you upon any such page which will give you many strategies to look around from. But the main key to successfully trading cryptocurrencies is to have that emotional intelligence on when to trade. Not only that you should be prepared with risk management tactics to ensure that you are not losing more than what you actually win. apart from that practical implication of all these tactics is extremely difficult too at a lot of points you will start to follow this but later on you will realize that even if you lose a single trade you begin to forget everything you have learnt, you start to challenge your learning and this is where trading becomes unprofitable and most people even lose on their capitals.

[blockman]

If you are seriously looking for any resources then I recommend you to go and check YouTube videos rather than  study materials because when you are watching videos you will be getting more depth knowledge which is rememberable for long time compared what you learn from book or from online things.

Many of them are misleading if it's about trading. They'll insert what they like to feed to their viewers for the sake of their own agenda and profitability.
It's not about trading but all about the revenue that they might get with those advertisements or paid sponsorships by a certain project that they'll advertise while they try to explain what trading is all about and strategies that they're building. That's why it's not advisable to get a lot of feed about trading on youtube videos. Well, they're helpful at most times but you also need to be vigilant about finding out which is really helpful and not.

[smartaction]

I came across this useful article which learn how to trade cryptocurrencies?

https://altfins-scan-analyze-trade.medium.com/how-to-trade-cryptocurrencies-16b1eec290c3

What are your other sources of crypto trading education?

My source is google. First I get some ideas from a friend of mine then I can understand things better by searching from google and youtube. And by practicing the topics I have now learned to understand everything and got and learned some new ideas from this forum. that's it

[FanEagle]

Many of them are misleading if it's about trading. They'll insert what they like to feed to their viewers for the sake of their own agenda and profitability.
It's not about trading but all about the revenue that they might get with those advertisements or paid sponsorships by a certain project that they'll advertise while they try to explain what trading is all about and strategies that they're building. That's why it's not advisable to get a lot of feed about trading on youtube videos. Well, they're helpful at most times but you also need to be vigilant about finding out which is really helpful and not.

If you are looking at some random people than you will not be able to find anyone that you can trust, because it is rare in the crypto world to find someone that you could trust. However, some people watch a lot of videos from a lot of different people, and eventually they get better at trading as well and they look back and eliminate the bad ones and suggest the good ones as well.

The problem is that, do we get those youtube videos as good because those people actually benefited from it? Or are these another set of influencers suggesting a channel because they got paid? We do not know about it, that is something we will never know about for sure.

[24Kt]

Many of them are misleading if it's about trading. They'll insert what they like to feed to their viewers for the sake of their own agenda and profitability.
It's not about trading but all about the revenue that they might get with those advertisements or paid sponsorships by a certain project that they'll advertise while they try to explain what trading is all about and strategies that they're building. That's why it's not advisable to get a lot of feed about trading on youtube videos. Well, they're helpful at most times but you also need to be vigilant about finding out which is really helpful and not.

If you are looking at some random people than you will not be able to find anyone that you can trust, because it is rare in the crypto world to find someone that you could trust. However, some people watch a lot of videos from a lot of different people, and eventually they get better at trading as well and they look back and eliminate the bad ones and suggest the good ones as well.

The problem is that, do we get those youtube videos as good because those people actually benefited from it? Or are these another set of influencers suggesting a channel because they got paid? We do not know about it, that is something we will never know about for sure.

As long as you know how to select the good pointers and discard the unnecessary ones, you will make a progress in your trading. Also, it is not all about reading and watching, while you are watching, it is best to try the technique with your small funds. No need to use big funds but if you have funds to spare, you can already start trading on your own. Don't expect that something significant will happen but you need to experience it hands-on to grasp what it is like. And slowly, you will acquire those techniques on your own. We know that most videos or blogs have other hidden agenda like promoting the site they are paid to.

[Silberman]

I came across this useful article which learn how to trade cryptocurrencies?



What are your other sources of crypto trading education?

Read books, while there is nothing wrong with reading articles it is impossible you are going to learn how to actually trade from an article, trading is incredibly difficult and since it is unlikely you are  going to have a mentor teaching you the ropes then the best next alternative are books, I know this is time consuming but it is completely worth it, after all if you really become a good trader then it is likely your future will be secured and you will not have to worry about money during the rest of your life.

[Jazzi Mahesh]

You can make money with cryptocurrency. Given the inherent volatility of crypto assets, most involve a high degree of risk while others require domain knowledge or expertise. Trading cryptocurrencies is one of the answers to how to make money with cryptocurrency.

[TheUltraElite]

OP should not learn trading from reading articles from the internet.

Rather use them to get an idea of how the market works, then start paper trading for a duration of at least 6-12months. Only then you will get a proper approach on how to face the bear or bull market. People make articles everywhere on the internet, but they never give any fruitful information because they are no verified by any person or institution. We have people selling fake courses on the internet too, so be careful.

The best practical is by jumping into the action, here you can do that without risk if done on paper. Dont get into altcoins and their shills. Stay focused on bitcoin. In my last 6years of bitcoin, I have observed traders getting washed away by moving to altcoins, because of lack of "excitement" in bitcoin movements.