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Author Topic: I think its time to start my crypto trading lessons  (Read 937 times)
Lanatsa
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April 27, 2022, 10:07:21 PM
 #41

I believe no one can learn everything about crypto in one day so there is no giving up on the part, always learning every day,  now I think its time I move into crypto trading, not in rush but i am less busy this days, I want something I can slowly learn about so is there any books or video about crypto trading? A genuine stuff that has almost all answers to trading, candles and other stuffs that a newbie needs to learn first?..
Babypips.com

When i had started on FX/Stocks trading then i do mostly make use of Technicals on heavy side manner on which this site do really make me learn but of course this isnt something that involved with
short period of time.

You would need to exert effort and time on learning even with just the theories and the rest of the learning would be sitting around with real experience or real trade
on which you could apply on what you had learn or read on and the rest of learning would be depending or varying on actual engagement.

R


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April 27, 2022, 10:58:24 PM
 #42

The basic rule of trading is to buy low and sell high because the main purpose of trading is simply to make a profit. Strategy is one that supports traders to maximize profits, while analysis becomes the part that we must do especially when we want to enter and make purchases and know the time is right.

Meanwhile, guidelines without practice will never lead to experience so no matter how good the trading guidelines are, they will definitely not give us experience. There's no need to be afraid to do hands-on practice once the guidelines are studied, but of course we should have a good budget limit to consider while we're still learning it. The sure thing in crypto trading is losses, so no one trades without losing so we really need to consider the amount of money one can afford to lose.

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April 27, 2022, 11:16:18 PM
 #43

The basic rule of trading is to buy low and sell high because the main purpose of trading is simply to make a profit. Strategy is one that supports traders to maximize profits, while analysis becomes the part that we must do especially when we want to enter and make purchases and know the time is right.

Meanwhile, guidelines without practice will never lead to experience so no matter how good the trading guidelines are, they will definitely not give us experience. There's no need to be afraid to do hands-on practice once the guidelines are studied, but of course we should have a good budget limit to consider while we're still learning it. The sure thing in crypto trading is losses, so no one trades without losing so we really need to consider the amount of money one can afford to lose.

You are right that trading is actually very simple, we only need to buy at a low price, and after that we sell it at a high price. So that we can get profit,
but the practice is of course much more complicated and we need time to understand it. One way to quickly understand crypto trading is to start
learning about trading from trusted sources, or we can also take trading courses on a platform with a good reputation. That way we become
knowledgeable about how to do crypto trading correctly. In conclusion, everything requires a long process so that we become successful traders,
after all like you said we can not trade without experiencing losses. So not only need to use money can afford to lose, but we must always take
lessons from every loss experienced, so that in the future we don't make the same mistake and cause us to suffer losses.

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April 27, 2022, 11:20:33 PM
 #44

The basic rule of trading is to buy low and sell high because the main purpose of trading is simply to make a profit. Strategy is one that supports traders to maximize profits, while analysis becomes the part that we must do especially when we want to enter and make purchases and know the time is right.

Meanwhile, guidelines without practice will never lead to experience so no matter how good the trading guidelines are, they will definitely not give us experience. There's no need to be afraid to do hands-on practice once the guidelines are studied, but of course we should have a good budget limit to consider while we're still learning it. The sure thing in crypto trading is losses, so no one trades without losing so we really need to consider the amount of money one can afford to lose.
Basic thing that true with buy on lower price then selling with higher price, but reality hard to adopt how effective buying with lower price because after success buy order filled always have new lower price again. I think need learning firstly before how active as trader on cryptocurrency before waste much money and loss investing on cryptocurrency trading. But true when getting experience we have learn all on cryptocurrency but keep try with less risk when trading on cryptocurrency.



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April 27, 2022, 11:25:48 PM
 #45

Learning everything certainly requires time and only some people can live it while others will not be able to survive in learning.
Therefore, if you really want to learn the Crypto trade, you need to mean it and take your time to get the lesson.
Don't forget to practice what you have learned because it is one way to improve your ability to trade.
And always be patient in studying the crypto trade and rest assured that you can do it.
Everything in crypto trading takes time and efforts to learn, as it may even take years for you to finally able to understand trading and all its pros and cons, its advantages and disadvantages. This is why a lot of newbies prefer to do investing and long term hodling than chose to trade as its definitely a very tough job. However, if you succeed in trading and is consistent in doing good market analysis, then you'll always get the best rewards you deserve. Just be patient and persistent in trading, as everything do not come easily in trading.
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April 27, 2022, 11:28:39 PM
 #46

I would be amazed if someone learn all of that in one day but that might be some kind of a genius person or something. School's didn't teach us that so if you happen to wanna learn then it would be hard since everything to you is new. That's why learning it all by yourself is kinda hard but worth it at the end of the day.

Keep learning everyday even if you think you know it already because you never know when there's a great opportunity would show up and the least you can do is grab it.

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April 28, 2022, 02:56:05 AM
 #47

I believe no one can learn everything about crypto in one day so there is no giving up on the part, always learning every day,  now I think its time I move into crypto trading, not in rush but i am less busy this days, I want something I can slowly learn about so is there any books or video about crypto trading? A genuine stuff that has almost all answers to trading, candles and other stuffs that a newbie needs to learn first?..
Any book by a reputable trader will do, however make sure they have obtained their success as traders and not as traders that sell books, because the latter will tell you how to make money in the markets but this is something they have never done themselves, while the former are the ones that you want to listen as they are actually making money by trading, now once you begin your journey give yourself time to learn and assimilate the content you are reading, as this is something very few newbies do and they end up paying the price for their lack of patience.

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April 28, 2022, 04:33:07 AM
 #48

I believe no one can learn everything about crypto in one day so there is no giving up on the part, always learning every day,  now I think its time I move into crypto trading, not in rush but i am less busy this days, I want something I can slowly learn about so is there any books or video about crypto trading? A genuine stuff that has almost all answers to trading, candles and other stuffs that a newbie needs to learn first?..
Yes take it slowly and learn the basics. When I was a newbie, I learned through watching videos on youtube because almost everything that we need to know can be found there already. Its an advantage if you know someone personally who can guide and teach you on how the actual trade feels and looks like. In my case, I have someone who became my mentor and its a big help for me to fully understand the nature of crypto trading.

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April 28, 2022, 05:49:48 AM
 #49

I believe no one can learn everything about crypto in one day so there is no giving up on the part, always learning every day,  now I think its time I move into crypto trading, not in rush but i am less busy this days, I want something I can slowly learn about so is there any books or video about crypto trading? A genuine stuff that has almost all answers to trading, candles and other stuffs that a newbie needs to learn first?..
if you want to learn, then a book or video will be worth it, and even the videos on youtube already provide enough basic materials for trading. however, to make a profit, trading will be very different from when you were still learning. So, when you want to try to practice, use assets that are not so much, or minimize the funds you have. it can teach you a very valuable lesson. maybe you will get a loss from the initial trade, but you will understand how the real market trading system is. would be very lucky if you immediately understand and benefit from it.

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April 28, 2022, 07:08:55 AM
 #50

I believe no one can learn everything about crypto in one day so there is no giving up on the part, always learning every day,  now I think its time I move into crypto trading, not in rush but i am less busy this days, I want something I can slowly learn about so is there any books or video about crypto trading? A genuine stuff that has almost all answers to trading, candles and other stuffs that a newbie needs to learn first?..
if you want to learn, then a book or video will be worth it, and even the videos on youtube already provide enough basic materials for trading. however, to make a profit, trading will be very different from when you were still learning. So, when you want to try to practice, use assets that are not so much, or minimize the funds you have. it can teach you a very valuable lesson. maybe you will get a loss from the initial trade, but you will understand how the real market trading system is. would be very lucky if you immediately understand and benefit from it.
Nowadays many Youtube Channel give promoting and education for beginner on trading cryptocurrency, although could not become source for trading but have benefit with checking good thing there how to learn and choose right coins for trading. I learn on several Youtube channel firstly and always check reputation coins by how much volume transaction and keep check with social media account from several coin, this way how to know progress and development from coin trading.



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April 28, 2022, 11:25:38 AM
 #51

I believe no one can learn everything about crypto in one day so there is no giving up on the part, always learning every day,  now I think its time I move into crypto trading, not in rush but i am less busy this days, I want something I can slowly learn about so is there any books or video about crypto trading? A genuine stuff that has almost all answers to trading, candles and other stuffs that a newbie needs to learn first?..
Try to search best book to learn for trading cryptocurrencies then you will end up more books but in my opinion it doesn't work like that you can learn everything not from one place you need to gather information collectively and implement in real life then identify which one will work for you.









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TheClownSong
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April 28, 2022, 01:15:58 PM
 #52

if you want to learn, then a book or video will be worth it, and even the videos on youtube already provide enough basic materials for trading. however, to make a profit, trading will be very different from when you were still learning. So, when you want to try to practice, use assets that are not so much, or minimize the funds you have. it can teach you a very valuable lesson. maybe you will get a loss from the initial trade, but you will understand how the real market trading system is. would be very lucky if you immediately understand and benefit from it.
practise with small balance beside could backtest our strategy it also could trained our mentalility when opening real transaction. learning in many source but not practising will have no impact to our real trade. by trade use real money we will know how our mental face it. with so many resources it should help us and make us faster understand to analisys chart correctly.

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April 28, 2022, 05:06:25 PM
 #53

if you want to learn, then a book or video will be worth it, and even the videos on youtube already provide enough basic materials for trading. however, to make a profit, trading will be very different from when you were still learning. So, when you want to try to practice, use assets that are not so much, or minimize the funds you have. it can teach you a very valuable lesson. maybe you will get a loss from the initial trade, but you will understand how the real market trading system is. would be very lucky if you immediately understand and benefit from it.
practise with small balance beside could backtest our strategy it also could trained our mentalility when opening real transaction. learning in many source but not practising will have no impact to our real trade. by trade use real money we will know how our mental face it. with so many resources it should help us and make us faster understand to analisys chart correctly.
There doesn't exist a real preparation for trading since with bigger money you get more emotionally evolved you get. The only right way is the one you said and then with time growing the money you are trading with so you know your limits with time.
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April 28, 2022, 05:13:25 PM
 #54

Trading is a learning process no matter what.  However to avoid losing so much money, we really have to study it. Moreover, your emotions also should be the one to consider, cause you have to set aside all your fears, paranoia,  and emotions and follow your trading plans everyday. 
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April 28, 2022, 06:09:23 PM
 #55

Yes i agree with your one point' no one can learn about crypto market just short time. Personally i can notified myself because i have been practicing trading for about 4 years but my smartness is very weak. Moreover i can make up for the loss as well as the profit. I also spend more than 1 hour a day by trading which is enough profits in my daily life. So if you want to make smart trader with low risk then keep them more learning.
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April 28, 2022, 08:12:09 PM
 #56

There is no "one" way of learning how to trade. This is way even people like Warren Buffet keeps on reading every single day, sometimes unrelated to economy but he keeps on reading anyway.

This is how you become good, you basically turn into a great trader by learning all the possible ways of trading and when you feel like you have done enough, you go and trade in a way where you could make profit your own way. Doesn't mean it wouldn't be coming from someone else, but at least you would know each and every possible way people teach trading and you could pick the method that works for you the best, if you feel like that's how you should trade, then there is no problem.

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April 28, 2022, 10:13:58 PM
 #57

I believe no one can learn everything about crypto in one day so there is no giving up on the part, always learning every day,  now I think its time I move into crypto trading, not in rush but i am less busy this days, I want something I can slowly learn about so is there any books or video about crypto trading? A genuine stuff that has almost all answers to trading, candles and other stuffs that a newbie needs to learn first?..
You are right that learning in trading takes a lot of time so you should always prepare yourself as learning in trading has always been a hard way. And as a newbie in trading, always consider learning in the forum first particularly in the trading boards discussion as everything that have been presented there are based on real life experience. I think you will gain lots of ideas there that will be very useful when you start real tarding.

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April 28, 2022, 10:35:29 PM
 #58

Learning everything certainly requires time and only some people can live it while others will not be able to survive in learning.
Therefore, if you really want to learn the Crypto trade, you need to mean it and take your time to get the lesson.
Don't forget to practice what you have learned because it is one way to improve your ability to trade.
And always be patient in studying the crypto trade and rest assured that you can do it.
Just a friendly reminder, trading will certainly be a tough job so you need to have more focus and determination to learn everything in crypto. And the preparation in trading will always take a lot of your time, so always be patient about it. And when it comes to gaining resources, everything in the internet is free so explore it as much as you want. And also, the trading boards discussion will be very helpful for sure, so consider studying from there too.

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April 28, 2022, 11:20:14 PM
 #59

There is no "one" way of learning how to trade. This is way even people like Warren Buffet keeps on reading every single day, sometimes unrelated to economy but he keeps on reading anyway.

This is how you become good, you basically turn into a great trader by learning all the possible ways of trading and when you feel like you have done enough, you go and trade in a way where you could make profit your own way. Doesn't mean it wouldn't be coming from someone else, but at least you would know each and every possible way people teach trading and you could pick the method that works for you the best, if you feel like that's how you should trade, then there is no problem.

And with just one click today, you can already see a lot of references over the internet. Even searching for crypto trading will give you a lot of search results. And if the OP is here in this forum, he can always start reading the pinned threads in this board. There's so much info that you can learn in this board alone. Sometimes, there's no need to go outside but lurk around here and get the info you need. Also, when he starts trading, use small or spare funds because you can never be sure that you will get profit in your trades.
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April 28, 2022, 11:28:58 PM
 #60

It is good that you are not in a hurry. Deliberation and not rushing is very important in trading. Some people know some simple principles about trading and think that they have become experts in trading, but they are surprised that they get a lot of loss because of their rush to trade before they know the principles and rules of trading correctly. I advise everyone to be patient and know the origins of trading through internet sites, and then try trading with a simple capital, because in my opinion, experience is an essential thing to know about trading, and if you do not experience a loss in the beginning, you will not gain the necessary experience for trading.

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