Getting more skills in trading

[Fatunad]

The truth is that one can't get all the skills that are required in trading but learning more about trading is always important in trading . What I understand about trading is that the more consistent one is into to trading the more experience to know more things about trading, getting more skill is with time , it can't be achieved in a particular time.

Learn everything along the way and dont make yourself rush on making profits or minding out that much because it would really be just causing some desperation whenever you do make out some trades.
The only way you do get learning or skills is via through experience and this would surely takes time and dont rush up because this isnt how these thing works. Get skills and learn from those mistakes
because it would be inevitable for you to encounter those things ahead. It is part of the learning process.

[bittraffic]

The truth is that one can't get all the skills that are required in trading but learning more about trading is always important in trading . What I understand about trading is that the more consistent one is into to trading the more experience to know more things about trading, getting more skill is with time , it can't be achieved in a particular time.

Learn everything along the way and dont make yourself rush on making profits or minding out that much because it would really be just causing some desperation whenever you do make out some trades.
The only way you do get learning or skills is via through experience and this would surely takes time and dont rush up because this isnt how these thing works. Get skills and learn from those mistakes
because it would be inevitable for you to encounter those things ahead. It is part of the learning process.

Also try learning to trade by trading real money not the demo because there will be no risk to it. With risk, a new trader will feel the pressure to learn more as they lose money.

The more I lose I believe made me think of learning more and be cautious of the pattern of the candles sticks and what the indicators do before the bull goes off and when the crash could possibly begin.

[nhaila]

In fact no one can ever gain complete knowledge by trading, suppose you went to trade but could not trade enough. In that case you must gain knowledge from different sources or you may face big risks in trading. So no one can ever be completely wise in trading.

[Agbe]

Skills are needed in trading. There are lots of tools (skills) involved in trading. The first skill is a mathematical skill, you have to understand the bits and the exchange rate of the trading platform.

Then for one to be a good trader he must start from somewhere. There's a saying that, " experience is the best teacher". You have to experience trading by yourself to improve on it.

As a beginner in a trading platform, you have to monitor all the bar charts and pie charts to know the movement of the trading.

As a beginner, he also needs guidance to guide him

[24Kt]

Skills are needed in trading. There are lots of tools (skills) involved in trading. The first skill is a mathematical skill, you have to understand the bits and the exchange rate of the trading platform.

Then for one to be a good trader he must start from somewhere. There's a saying that, " experience is the best teacher". You have to experience trading by yourself to improve on it.

As a beginner in a trading platform, you have to monitor all the bar charts and pie charts to know the movement of the trading.

As a beginner, he also needs guidance to guide him

If you can't find a mentor, you can also do it on your own. Use very small funds to start with. With so many tutorials you can find, you can test it by using your small funds. You can read all the books about trading but the actual experience is still different. So while you are learning, make sure you are not spending good amount of money. Don't expect that you will always get it right, you will fail but don't give up. Every trader experienced and still experiencing losses. It is your strategy how you will recover those losses.

[Hypnosis00]

The more I lose I believe made me think of learning more and be cautious of the pattern of the candles sticks and what the indicators do before the bull goes off and when the crash could possibly begin.

That should be going. Losing more become a warning that we are not effective anymore and our strategies aren't working great. Tracing back where we are wrong kinda be a good strategy to help things went good and get back on track. As the market changes, the possibility that our strategies become obsolete and we need to improve and develop another which might fit the current situation. And this is the reason why we don't have to stop learning, otherwise, we can't adopt the changes.

[Pejoh Asu]

The more I lose I believe made me think of learning more and be cautious of the pattern of the candles sticks and what the indicators do before the bull goes off and when the crash could possibly begin.

That should be going. Losing more become a warning that we are not effective anymore and our strategies aren't working great. Tracing back where we are wrong kinda be a good strategy to help things went good and get back on track. As the market changes, the possibility that our strategies become obsolete and we need to improve and develop another which might fit the current situation. And this is the reason why we don't have to stop learning, otherwise, we can't adopt the changes.

Feel satisfied and do not want to learn is something that will damage us, changes will continue to occur and can occur quickly, the techniques we learn some time ago certainly become obsolete today. Changes will continue to occur and continue to add abilities is that we must do.

[ethereumhunter]

It is good if @OP can learn many lessons from here but he needs to practice what he learned to have better skills and every day is good to practice his lesson. Maybe when the price starts to go down, you can start to observe closely so you will know when to buy and vice versa. It is not easy and it needs more experience and, of course, more practice to guess where the line will go. If you feel hard to analyze the market, maybe you need to take a break for a while and learn from the other lessons so when you come back to the market, you will have a chance to analyze better.

Learning trading and all of this stuff that OP had mentioned takes more time and working hard are not enough, it should also be accompanied by experience especially in developing market analysis and decision-making. He needs not to be working hard, it rather is working smart as well and also making himself understand the situation of being a newbie where he needs to be patient in learning them all.

Yes, that's why I advised him to practice what he had learned from the lessons while trying to gain experience from trading. The more he tries on many coins, he will gain more experience, which could be useful to him in the future. Yes, I agree he needs to work smart and understand what to do and of course, he has to be patient in making trades. It is a matter of time before he will become a pro trader someday and that will depend on how he can work hard as a trader.

[panukurap]

It's true that there are many skills you can gain from trading. When you decide to trade, it's a sign that before that decision you choose, of course you have prepared yourself in advance, such as finding and learning as much as possible about crypto, practicing to control emotions well and so on. Now this is also one that benefits you because unconsciously it will also have a positive impact on your daily life. You become a person who is more responsive to those around you and more patient.

[AicecreaME]

It's good to study a lot of indicators, however, you can't apply them all in your chart since it would just bring confusion to you, 2 or 3 indicators to use are enough, in my opinion. Trading profession is a long term perseverance job, you need a lot of patient and money to gain experience and to make it your foundation to make profits in the long run.

It's not easy, sometimes you'll feel like you want to give up, but you should never do that. Always finish what you've started, it's all worth the risk.

[Rigon]

You must be more proficient in cryptocurrency trading. If you do not have knowledge of crypto trading then you will never be able to trade in your crypto trading.You must know about signals if you want to trade. You need to be able to analyze the coins that you will be trading with. Of course you have to have good knowledge about trading otherwise you will never be able to profit by trading.

[BobK71]

The issues you are highlighting are of course needed but it would have been better to have knowledge of the details. I don't think trading is just a matter of studying and mastering. To understand this, you have to face reality as well as study. Combination of real knowledge and study it will be more easier to gain complete knowledge.

[GelatikKembar]

if you want to get the ability to trade well it's easy, buy a book about trading and learn,
or you can join a trading class on telegram, of course you have to look for a really good channel, because a lot of scams.
and there are other ways, learn on youtube and google, of course this is the hard way because you have to really have a high will

[Mpamaegbu]

In fact no one can ever gain complete knowledge by trading, suppose you went to trade but could not trade enough. In that case you must gain knowledge from different sources or you may face big risks in trading. So no one can ever be completely wise in trading.

What are you up about? I'm suspecting someone just hit me hard in the head as I couldn't (still can't) believe you actually typed what you did in your comment. Have you ever heard of that expression, "Practice leads to perfection"? Yeah? Well, that's what happens when traders repeatedly trade and then make notes of their trading activities so they don't repeat any of their errors or wrong calls. If you're talking about risk in trading I would also let you know that every faucet of life has its own risk. Risk isn't just a trading thing.

[iv4n]

It's good to study a lot of indicators, however, you can't apply them all in your chart since it would just bring confusion to you, 2 or 3 indicators to use are enough, in my opinion. Trading profession is a long term perseverance job, you need a lot of patient and money to gain experience and to make it your foundation to make profits in the long run.

It's not easy, sometimes you'll feel like you want to give up, but you should never do that. Always finish what you've started, it's all worth the risk.

I agree with you about the confusion part! I think this happens to people more often than we think, there is simply an overload due to too much information! In those moments, people get confused and forget everything they learned! That's why learning about trading should go easy, one by one! Learn the basics first and then practice a little and slowly add the next thing, again a little practice to determine the material, and then add the next! If along the way someone comes across something that is going well for them and makes a profit, stick to it and work on it, add the next one only when it stops working!
And I 100% agree that trading and making a profit is not always easy, there are many difficult moments when the market makes crazy turns, but we also learn from that, surviving a difficult moment and staying in the game is a real experience necessary for the success in the long run!

[Franctoshi]

It's good you advance your trading skills to have a broader knowledge about the largest money market in the world , so after you might have done this what I suggest you do is fine a good trading strategy that gives you a good percentage of accuracy (65%-90%), you get this by checking it consistency via going through a historical Data.

[LUCKMCFLY]

I believe that the only way for a person to increase their knowledge in trading is to read, read books by market speculators who have already spent a lifetime there, as is the particular case of Richjard Wyckoff, Jesse Livermore, among others, It is also necessary to read books by some like Warren Buffet, the idea of all this is that if you have a clear concept of what they went through, it is totally applicable to the crypto market.

I know that many people like to receive education through videos, but I think that by reading knowledge is strengthened much more, in this case the power of reading is imminent.

[Emitdama]

It is good that you have chosen to learn and not be like all those who would be talking about profit first when they have no clue on what they should do in trading.

Profit is important, we all know that very well, but we should all also understand that before we can achieve success in making as much wealth as we want, we would have to first of all lay the foundation which is required for us to achieve that success. So, what do we do then? What we have to do is to learn. When we decide to learn and gain knowledge, that is when we would see things start working out for us.

[Kasabus]

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.

Learning in trading is more achieved through experience, but learning the basics first prior to experience is also important. You can gain knowledge from reading books and watching video tutorials but don't stop there. In fact, learning in trading happens every day particularly every time you trade. Experience will always teach you the best lessons in trading, and by overcoming every losses in trading, that will certainly motivate you into a good trader. And being a good trader means you develop your own discipline in trading, and you know you can't be successful in trading if you use your emotions over your brain.

[stepwilli]

In fact no one can ever gain complete knowledge by trading, suppose you went to trade but could not trade enough. In that case you must gain knowledge from different sources or you may face big risks in trading. So no one can ever be completely wise in trading.

What are you up about? I'm suspecting someone just hit me hard in the head as I couldn't (still can't) believe you actually typed what you did in your comment. Have you ever heard of that expression, "Practice leads to perfection"? Yeah? Well, that's what happens when traders repeatedly trade and then make notes of their trading activities so they don't repeat any of their errors or wrong calls. If you're talking about risk in trading I would also let you know that every faucet of life has its own risk. Risk isn't just a trading thing.

I think what he mean there is that when you trade, you are only using the current knowledge that you have and you will remain this way. Also when you trade, what you will only see are the prices or the numbers but if you learn how to trade, you will usually go at a certain site and you will read a wall of text, they can have images too.

Both are needed tho because you can't just learn and learn but you have to apply what you have learn and you are not dumb enough to stay on that direction if you know that you are only losing but you will try to change your approach in trading. If needed, you might need to research for more information and skip doing trades for a while.