Getting more skills in trading

[Ararbermas]

❇HOW TO GENERATE SIGNALS FOR YOURSELVES.

What does it mean? I mean for a new trader how they can generate signal for their selves, wherein despite they are still lack of information.

❇INDICATORS: Moving Averages, Stochastic, MACD, Bollinger bands, RSI, ADX, Parabolic SAR, ATR, Ichimoku etc

for in my personal opinion i suggest dont use too much indicators when it comes trading because its very messy and you don't know which one indicators to follow if there's a sign to enter.. And for sure you cannot execute your strategy properly.

❇SUPPORT & RESISTANCE LEVEL
❇CANDLE STICK ANALYSIS

yup these are very important! And try to learn demand and support as well because it's very common strategy. Don't forget to back testing..

And for the rest that you've mentioned above, i don't think it's necessary aside of chart pattern.. So yeah be patient and keep learning, just follow the process if you want to become a good trader.

[Vaculin]

Just like most things in Life, in trading there is the theoretical part and the practical part. Theoretical is just like the initial guide, especial if you are a newbie in trading, but the most important aspect is actually practicing.

You can never learn how to trade if you are not practicing and with each trade you open or close, you learn something. Practicing also means you have to deal with emotions which you don't experience if you just watch YouTube trading tutorials.

Knowledge in trading can be easily gained through reading books and watching video tutorials, but skills in trading is more acquired with experience. So if you can motivate yourself to gain more knowledge and skills, that is an edge towards the trading market. And the more experiences you gained, the more you learned skills in trading and master them. But IMHO, success in trading is not measured by how many skills you have, one or two is already good, as long as you know how to analyze the market patterns or trends with its technical indicators, trading is more likely to succeed. Of course, with the right attitude too towards trading.

[goaldigger]

HOW TO KNOW WHEN TO ACTUALLY BUY OR SELL
❇HOW TO GENERATE SIGNALS FOR YOURSELVES.
❇INDICATORS: Moving Averages, Stochastic, MACD, Bollinger bands, RSI, ADX, Parabolic SAR, ATR, Ichimoku etc
❇TIME FRAMES ANALYSIS
❇SUPPORT & RESISTANCE LEVEL
❇CANDLE STICK ANALYSIS
❇FIBONNACCI LEVELS
❇PIVOT POINTS
❇ELLIOT WAVES & FRACTALS
❇CHART PATTERNS

I like to update this post as I learn more... thanks

These are the common topics about trading, learning those topics can be a big help for your trading journey.
I started reading books years ago, and honestly I still keep reading them because I believe on continues learning and we should not be complacent because this market moves a lot and if you stop learning you might be left behind.

Trading looks too complicated so take a baby step at a time and don't rush yourself to learn everything in just a month. Learning trading will take years honestly, a very challenging experience but the reward is huge so don't be afraid to take sacrifices for now because trading can give you a lot.

[Lanatsa]

~~

These are the common topics about trading, learning those topics can be a big help for your trading journey.
I started reading books years ago, and honestly I still keep reading them because I believe on continues learning and we should not be complacent because this market moves a lot and if you stop learning you might be left behind.

Trading looks too complicated so take a baby step at a time and don't rush yourself to learn everything in just a month. Learning trading will take years honestly, a very challenging experience but the reward is huge so don't be afraid to take sacrifices for now because trading can give you a lot.

There's no such thing about pinnacle of trading on where you do believe that you had reached out the peak knowledge and skills because this market is a never ending kind of opportunity which does really need for you to

learn up on continuous aspect which does simply means that you would learn up on various things that you do encounter and not only just focusing nor minding about a particular
kind of analysis or ways you do have.It could really be on different variations on different situations thats why trial and error would really be that common.

[maydna]

Don't forget to take action because many people don't do it. They say this line should be here, and then I will buy it or sell it. The candle is only halfway, and I have to wait a little longer because that's what the book or lesson I read says. It happens to many friends of mine. They lack to take action but only observe where the price moves.

If you are like that, you will get nothing, and you are just watching the movement of bitcoin without practicing what you have learned. If you've learned a bit about trading, put it into practice right away. Start with little money to familiarize yourself with trading and keep learning and practicing what you have learned. Learning without practice is useless. Study and practice will give you good results.

[Zilon]

Trading is not about using all the technical tools you find on your exchange to analyze a trade. The most profitable traders keep their chat simple and void of complexity. Instead of flooding your brain with complex chats its best to pick two tools and develop on them. The goal is improving your trades and making good profits complexity will only make a trader pay to the market most often

[Cling18]

It would really take time for you to learn about these tools and strategies but it's a good initiative to show eagerness and interest in these because it will surely help you grow and excel as a trader. However, you could focus on the basics and learn how to deal with the market first. It's a long process of learning but it's all worth it because you'll benefit from it in the future.

[Finestream]

You are indeed more curious about trading and even more prepared than the other newbies. With all of your questions, you are even quite familiar with trading like what we need and what the thing to do before trading. Well, people got amazed as we don't expect this from a beginner like you coz what we mostly heard from them is to ask "How to start trading?" You, indeed ask more from that.

Well, anyway, developing your skills and knowledge can only be acquired upon experience. You can learn them all gradually while you are in actual trading and since you already have the guide, I guess it was pretty easy for you how to start.

It's good to know that you have prepared your guides already on what to learn about trading and how to get it started. Reading books related to crypto trading and watching videos on youtube can still be of help but the best teacher after all is your own experience. You will never learn trading if you don't put it into practice. And by committing losses, you will learn valuable lessons from it. Trading is best learned through experience, and gaining skills will gradually happen if you often do trading.

[jossiel]

It's going to be a lot of time and rough days until you can get to know me with all of those skills. Don't give up as the best traders today have learned all of them through the process and never gave up on the failures that they've experienced.

You just need to be patient upon testing, learning, and doing all of those strategies that you may seem to understand and think that's going to be profitable on your hand.

Pick every resource that you can and extract them for your own good. Like the threads that you can find through the forum, articles outside, youtube videos, etc.

[24Kt]

It's going to be a lot of time and rough days until you can get to know me with all of those skills. Don't give up as the best traders today have learned all of them through the process and never gave up on the failures that they've experienced.

You just need to be patient upon testing, learning, and doing all of those strategies that you may seem to understand and think that's going to be profitable on your hand.

Pick every resource that you can and extract them for your own good. Like the threads that you can find through the forum, articles outside, youtube videos, etc.

Bear in mind also that even with those learnings and skills acquired, you can still make a mistake in trading. Because you can't get a hold of those contributing factors why a particular coin will move in such direction. You may know those TAs, but you won't know all the factors involve in the market performance of the coin especially the real motives of the dev team. So there are still blind gaps here. But your analysis, skills or experience will assist you in combating possible huge loss or avoiding crappy projects.

[Captain Corporate]

 I just believe that "it will take long time" depends a bit on the person. Someone who is a great financial wizard outside of crypto, could come here and be great here as well, and very quickly, sure they will need to learn some stuff but shouldn't take too long. However, someone who has never done anything about finance, just earned a salary doing unrelated work, could come here and could take years before they are good. So when suggesting how long it will take, it depends on the person. One thing in common is that we need to learn to be patient, and we need to learn how to react to losses, those two are common for everyone.

[Rengga Jati]

Learning is never ending activities.
It is not only for newbies but also for everyone in this forum, learning is always ongoing.
Well, related to the trading knowledge, exactly you can find out:
- Much information shared from the articles here
- The strategies that are shared from other members who are experiencing it
- Many experiences from many members here that can be lessons also for us, the experiences may be good experiences or even the mistakes that we can learn from them. We all know that experiences are the best teachers for us
- Do our own research and analysis based on the information and knowledge that we read. Because sometimes, we may be confused because of too many information, different experiences and also strategy. Just analyze them and pick the right one for you
- Learning by doing will be also very potential and worthy for you.
- Know how to start with our own free money and make a good and wise money management when youa re leanring by doing for trading.
Good luck and keep it up. Always be wise and DYOR

[Kimonoe]

 I just believe that "it will take long time" depends a bit on the person. Someone who is a great financial wizard outside of crypto, could come here and be great here as well, and very quickly, sure they will need to learn some stuff but shouldn't take too long. However, someone who has never done anything about finance, just earned a salary doing unrelated work, could come here and could take years before they are good. So when suggesting how long it will take, it depends on the person. One thing in common is that we need to learn to be patient, and we need to learn how to react to losses, those two are common for everyone.

If someone already has some knowledge of finance or economic education background I don't think it will take long to learn crypto,
and vice versa also more or less like you said but even so there are actually many things to learn in crypto not only about coins or markets but managing risk and controlling yourself is also important,
so we should really take the time to learn crypto

educated people may find it easy to learn technical analysis and financial management, but sometimes it is very difficult to control emotions, because it is true that everyone will need different time, while self-control is the main key to successful trading. therefore to be able to control ourselves, of course we have to practice a lot for real, so that gradually we will be able to control our emotions

[Viscore]

Your technical aspect is good but I suggest you don't focus too much on it, you can try also to understand the fundamental aspect and how we combined these two analysis into a better result.  There are circumstances in that FA was more accurate than the TA, you should also look at that matter for your trading activity.

Trading skills, the best result is to have a frequent experience which in every trading experience you can learn on it and avoid those mistakes that will not happen in the future.  I hate people who say, training is very easy to make a profit from, they seems misleading newbies with that information they heard.  Trading need to spend your precious time just to learn and also extend your patient.

Success in trading does not only determined through learning its technical and fundamental factors. Practical application is more vital. However, you should always start from learning the basics and how to be good particularly in analyzing the market patterns or trends because that will guide you when to take the best entry and best exit in trading. And when you think you have gained good knowledge, then its time for you to develop and enhance your skills and strategies. Experience will serve as your training. The more often you trade, the more losses you encounter, the bigger the chances you'll become a good trader as long as you always learn from your different experiences.

[tygeade]

The only way to learn how to trade is with experience and you cannot teach or learn experience. You need to basically sit around all day and lose money left and right…. Blow an account. Swear at the computer. Deposit more money. Lose it again. Swear at the computer some more. Deposit more money. This time try trading something else like stocks. Make some money. Lose your profits plus your entire balance. Swear at the computer. Deposit more money and keep trying.

Yeah, experience is an important part of cryptocurrency trading but even at that do not underestimate the importance of learning cryptocurrency trading before looking for gaining experiences. You don’t just create an account on exchange and start trading without having a clue of what you are even doing. You wouldn’t even know how to put a call or put option.

So, you have to gain the knowledge first and know all these things before you start your trading, and then you already have it in mind what you are about to do. And with experience you will get to better whatever knowledge that you have gotten from your training. Experience is the practical part of what you have been taught.

[Subbir]

❇TIME FRAMES ANALYSIS
❇SUPPORT & RESISTANCE LEVEL
❇CANDLE STICK ANALYSIS

The three-factor are more likely useable to open every trade but also needed fundamental analysis for long term short term is very risky for that, fundamental is oke that then follows up TIME FRAMES, RESISTANCE LEVEL analysis is the more effected.

[bhooscream]

If someone already has some knowledge of finance or economic education background I don't think it will take long to learn crypto,

No, it won't guarantee anything. We only can expect someone to learn crypto easily and quickly if he is serious enough and wants to spend much time for learning crypto. Having good economic or finance education will be useless if the person is lazy to read articles about crypto, and he doesn't have the intention to follow the discussion about crypto. Learning crypto isn't the same as learning common knowledge, crypto is specific knowledge. So, the background related to common knowledge may be not very helpful.

[TelolettOm]

Hi everyone, I have been away from this forum for a very long time now trying to learning more on trading so I can get better skills when it comes to analyzing the crypto market.

Having good reading habits and also implementing the theory with some practices will exactly help us to improve our skills and ability in trading. Moreover when we combine it with some experiences from ourselves or other people. This may work well, added with some evaluations in trading.
Some people may be good enough at improving their trading skill, although this is actually not as easy as we think. Although we have read so many collections of books, once more, no easy for trading.

Trading is not about using all the technical tools you find on your exchange to analyze a trade. The most profitable traders keep their chat simple and void of complexity. Instead of flooding your brain with complex chats its best to pick two tools and develop on them. The goal is improving your trades and making good profits complexity will only make a trader pay to the market most often

Trading will involve both technical indicator analysis and also fundamental analysis. And this should be also supported with good management of the fund and also emotions. There are some factors that influence our trading skill to be improved. Understanding and learning more about the technical analysis is also good enough moreover for daily tarding, so we can at least not only expecting from the signal, but we can anayze them by ourself with some other knoweldge also

[chaser15]

As you continue to move forward, it's impossible that you won't learn unless you are not really interested in what you are doing. Newbies don't have to literally learn all the notes they will encounter but learning the basics should do. During their progress, other things will be automatically learned on the way.

Like in any other activity we do, as long as we are serious to learn something, we will get used to doing it.

We need to spend time and focus on how to learn trades. No shortcuts.

[worle1bm]

Trading is a thing which you learn with experience over time as practical exposure is sometimes really different from what we read in these books as market shifts from the current scenario.You should have given more information about the points you were trying to explain like with some of your examples that can portray better idea about it.We all have different ways of trading but time and knowledge is best teacher.