Trading as a newbie - advice?

[GeorgeJohn]

Hi I want to get into trading and just wondering if anyone has any advice on how to get started?

I am not expecting big things straight away but want to at least learn the basics.

I have been looking online for a book to buy to start things off does anyone have any recommendations?

This two books below have lots of good reviews are they good for someone new like myself? ..

I don't have much to advice you in trading but what I have to advice you is that  in trading you have to skillful and you don't need rush into Trading without knowing the necessary things that should be obtain before venturing into Trading, one of the elements that makes people to lose in trading is lack of focus and lack of concentration in trading, when you understand the rudiments of Trading their is every tendency that you most sure make  a profit but the problem is that some people doesn't care to know the procedures  of trading  and they kick off trading and this have been one of the barriers that leads some trader's into failure  in trading.
If you want to learn and understand the procedures of trading I think that the best thing to do is to start up with online tutorials and been practicing with small amount of capital and check if what you are practicing is in same line with your objectives. Secondly a beginner in trading is not supposed to use what it can't afford to lose to trade because I know quite well that trading is something I know that if you don't understand it's structure of functions you will be experiencing lose at every point in time.

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[xSkylarx]

I think for the first time in trading a novice trader would be better if he has a friend who is familiar with trading beside him, so that at least he can lead him to introduce him to the world of trading.

I agree that it is quite rewarding for a newbie who already had close friend around with him could learn fast but I'm still in doubt with this that one friend could have this negative feeling about opening up his total trading analysis to a friend. Some trader complain that they have used up some money to go acquire some knowledge through seminar groups, telegram or youtube and so they will require a friend or someone to pay for the full service they went.

The most rewarding part if you have a friend that knows trading is that you can easily ask questions of him and he can guide you on the best approach. This doesn't mean an online course isn't working; it is just having fun while someone knows that will teach you, but there are tons of traders right now, as there are tons of tutorials there and also forums that support you and are pretty active in answering your questions.

[Rabata]

I think for the first time in trading a novice trader would be better if he has a friend who is familiar with trading beside him, so that at least he can lead him to introduce him to the world of trading.

I agree that it is quite rewarding for a newbie who already had close friend around with him could learn fast but I'm still in doubt with this that one friend could have this negative feeling about opening up his total trading analysis to a friend. Some trader complain that they have used up some money to go acquire some knowledge through seminar groups, telegram or youtube and so they will require a friend or someone to pay for the full service they went.

The most rewarding part if you have a friend that knows trading is that you can easily ask questions of him and he can guide you on the best approach. This doesn't mean an online course isn't working; it is just having fun while someone knows that will teach you, but there are tons of traders right now, as there are tons of tutorials there and also forums that support you and are pretty active in answering your questions.

If new one can learn trading directly from someone then that is the best way to learn trading. But if a trader cannot get any direct support then online trading course can provide good experience for him. Especially the courses that are from basic to advanced level. Learning trading will not be too difficult if one consistently studies the courses regularly as well as reads various articles about online trading then he can easily able to learn trading.

[Sebas.tian]

To say it is very easy as a newbies, but to put it in practice as a newbies to learn crypto trading is very difficult for them because they will be feeling as if it is very easy to trade at the moment until they lost a huge amount of money before they will come to their senses to focus in learning crypto trading. I will advice you to use small amount of money to start trading so that you will begin to experience some positive help from the potential traders in the market, before you will now increase your capital which is the best way you can improve in profit making in the market. Reading books to know more about crypto trading is good, but you need to practice it by investing money on a particular coins and hold for the right time to come before you can trade to know how good you are in the community.

[jossiel]

The most rewarding part if you have a friend that knows trading is that you can easily ask questions of him and he can guide you on the best approach. This doesn't mean an online course isn't working; it is just having fun while someone knows that will teach you, but there are tons of traders right now, as there are tons of tutorials there and also forums that support you and are pretty active in answering your questions.

This is a good start for newbies that have friends that will mentor them as they start. But not everyone has got that friend who will help them along their trading ways.

While there's an option to those who are looking to be mentored. The hard part is to look for the one that actually is a good mentor and usually they come with a fee.

Nonetheless, not all that are paid are good ones to hire as your mentor. Sometimes, the free resources on the web are more helpful.

[Kasabus]

Do not just focused on reading books but learn to explore the forum instead. Here, you will be inform a lot of trading experiences and how they succeed despite of its inevitable losses. You will definitely learn from all of their shared mistakes and losses to other members in the forum. And most importantly, experience trading every now and then even with small capital, let your application teach you about the dos and dont’s and not just by reading most of the time.

[Natalim]

Perhaps, there are a lot of trading tutorials available but the problem is the application that we made. Most of the time we just read and then forget it during the actual trade and this is due to the changing behavior of the market plus our emotions. Learning the basics is enough to start but having a long trade experience is the key to success. So as newbies, we never have to expect success right away because it was totally impossible as we don't just know how to trade but also knowing how to control our emotions because this is a big factor that would affect our trades.

[samcrypto]

Do not just focused on reading books but learn to explore the forum instead. Here, you will be inform a lot of trading experiences and how they succeed despite of its inevitable losses. You will definitely learn from all of their shared mistakes and losses to other members in the forum. And most importantly, experience trading every now and then even with small capital, let your application teach you about the dos and dont’s and not just by reading most of the time.

This forum is indeed a good source of knowledge, though its also ok to try other platform when it comes to learning.
Having your hands-on experience in trading can also help, just try to focus on your goal and  if you really want to learn then be committed.
Trading for beginners are not easy, this can be challenging and stressful at the same time, but if you want to be more profitable in this market then sacrifice now and enjoy later.

[RewFrew]

For start trading at first need learn about cryptocurrency. Without learning about cryptocurrency anyone couldn’t gain from trading. Proper knowledge can give proper feedback i think. Without proper learning anyone couldn’t make good decision. So my advice to Newbie to start trading af first gather knowledge about trading. And you have to learn about technical analysis, fundamental annalists, money management, risk management etc. If you learn properly about this you will be profited form trading. So to start trading please gather knowledge about trading and cryptocurrency market.

[dunfida]

Do not just focused on reading books but learn to explore the forum instead. Here, you will be inform a lot of trading experiences and how they succeed despite of its inevitable losses. You will definitely learn from all of their shared mistakes and losses to other members in the forum. And most importantly, experience trading every now and then even with small capital, let your application teach you about the dos and dont’s and not just by reading most of the time.

This forum is indeed a good source of knowledge, though its also ok to try other platform when it comes to learning.
Having your hands-on experience in trading can also help, just try to focus on your goal and  if you really want to learn then be committed.
Trading for beginners are not easy, this can be challenging and stressful at the same time, but if you want to be more profitable in this market then sacrifice now and enjoy later.

Not only with those trading knowledge but also getting some advises on which it would really be that helpful and would really be that relevant on which it would really be a good combination if you do really just know on what you are doing. Be sensible on what are the things that should supposed to be done since you are just newbie and starting up. It would really be that common sense that you should really be that
trying out to accumulate information as much as you can and other things could really be acquired through real experience.

This is why it would really be that wise that you should only make use of the amount which would be small and would be enough for you to lose and learn at the same time.
Stick into your method which it might be slow but it would be that sure. Its not that easy though because due to lack of knowledge it would really be making things
more challenging and hard.

[Rengga Jati]

To say it is very easy as a newbies, but to put it in practice as a newbies to learn crypto trading is very difficult for them because they will be feeling as if it is very easy to trade at the moment until they lost a huge amount of money before they will come to their senses to focus in learning crypto trading.

Exactly, it's just terror if you say that learning to trade for newbies is something easy. Because even for those who are not newbies, trading is a difficult and complex matter. We are not only related to some basic things about crypto and trading, but also some other things like funds management, risk and also emotions. On the other hand, you must also have good knowledge, especially regarding how to read the market, analyze the market, the specific coins you want to trade, as well as strategies to anticipate markets that often change direction quickly and suddenly.

[sana54210]

Do not just focused on reading books but learn to explore the forum instead. Here, you will be inform a lot of trading experiences and how they succeed despite of its inevitable losses. You will definitely learn from all of their shared mistakes and losses to other members in the forum. And most importantly, experience trading every now and then even with small capital, let your application teach you about the dos and dont’s and not just by reading most of the time.

This forum is indeed a good source of knowledge, though its also ok to try other platform when it comes to learning.
Having your hands-on experience in trading can also help, just try to focus on your goal and  if you really want to learn then be committed.
Trading for beginners are not easy, this can be challenging and stressful at the same time, but if you want to be more profitable in this market then sacrifice now and enjoy later.

Trading right now is not easy for anyone, not for veterans and not for anyone else. I know that it is going to end up being a little difficult for veterans and very difficult for newbies as well, so there is a level of difficulty that will make a big difference. But at the end of the day, it is going to be still hard though, that's the thing.

We should not run away from being difficult, it should be a lot more difficult in the end. I believe that we are going to end up with some big changes one way or another. I know that it is going to be hard to decide on that, but we can make it work, just try to go at it and do not be afraid and yet try to make sure that you are also scared enough that you have answers when you need them.

[carlisle1]

Do not just focused on reading books but learn to explore the forum instead. Here, you will be inform a lot of trading experiences and how they succeed despite of its inevitable losses. You will definitely learn from all of their shared mistakes and losses to other members in the forum. And most importantly, experience trading every now and then even with small capital, let your application teach you about the dos and dont’s and not just by reading most of the time.

This forum is indeed a good source of knowledge, though its also ok to try other platform when it comes to learning.
Having your hands-on experience in trading can also help, just try to focus on your goal and  if you really want to learn then be committed.
Trading for beginners are not easy, this can be challenging and stressful at the same time, but if you want to be more profitable in this market then sacrifice now and enjoy later.

Trading right now is not easy for anyone, not for veterans and not for anyone else. I know that it is going to end up being a little difficult for veterans and very difficult for newbies as well, so there is a level of difficulty that will make a big difference. But at the end of the day, it is going to be still hard though, that's the thing.

We should not run away from being difficult, it should be a lot more difficult in the end. I believe that we are going to end up with some big changes one way or another. I know that it is going to be hard to decide on that, but we can make it work, just try to go at it and do not be afraid and yet try to make sure that you are also scared enough that you have answers when you need them.

I get your point and it's reality, trading is not as simple as many people think, there's always difficulties when you are
engaging yourself with positioning your trades.

But, same concepts with your statement even experienced traders can't guarantee that they can predict the next market movements.

They are still anticipating and hoping that based from the previous run it will turn to their anticipated position, but again there's
no one who can predict it accurately.

[Aanuoluwatofunmi]

For start trading at first need learn about cryptocurrency. Without learning about cryptocurrency anyone couldn’t gain from trading. Proper knowledge can give proper feedback i think. Without proper learning anyone couldn’t make good decision. So my advice to Newbie to start trading af first gather knowledge about trading. And you have to learn about technical analysis, fundamental annalists, money management, risk management etc. If you learn properly about this you will be profited form trading. So to start trading please gather knowledge about trading and cryptocurrency market.

I have this little and simple advise for every bitcoin traders to take cognisance of, trading is not what we dabble into without having the understanding of how to trade, the strategies in trading, types of trading a d the required indications for trading for better performance, when we lack the needed knowledge then trading will becomes difficult for us to achieve the maximum satisfaction from it because it will not work out the way we expected unless we engaged  it the right and proper way through learning and understanding of what trade is and how to trade with some experience.

[Adams0001]

It's great to see you displaying your beginner's enthusiasm in trading. Starting trading in the bitcoin market as a total beginner can seem overwhelming, but there are steps you can follow to get started. To begin, familiarize yourself with fundamental trading concepts, market movements, and risk management measures. When you're ready, go with a renowned and user-friendly exchange such as Binance, Coinbase. These exchanges provide robust security measures as well as regulatory compliance. Bitget is another platform worth considering because it also provides a secure environment, a user-friendly interface, and regulatory compliance. Bitget also has copy trading tools, which let newbies to learn from expert traders. Remember to start with minimal deposits, use prudence, and learn and change your trading techniques on a regular basis.

[Issa56]

If new one can learn trading directly from someone then that is the best way to learn trading. But if a trader cannot get any direct support then online trading course can provide good experience for him.

Learning directly from someone is the best, when I started learning I wasn’t opportune to meet anyone, so I learn how to trade online, i had a horrible experience because I wasted a lot of money trying to learn how to trade, after finishing the money I had with me then, I gave up because I had nothing left with me, but immediately I got money again, I was pushed to go back to trading, which I wasted the money also, but I knew I was improving so I didn’t feel bad, but gradually I was improving and I started making money. If you are having someone to put you through, you won’t really be losing money compare to if you want to learn trading online.

Especially the courses that are from basic to advanced level. Learning trading will not be too difficult if one consistently studies the courses regularly as well as reads various articles about online trading then he can easily able to learn trading.

If you are dedicated to learn how to trade, you can learn it by watching videos on YouTube, reading pdf books and other materials, but it won’t really be easy. You will be facing lots of challenges, because most of the videos you see on YouTube will only talk about the profit and they will never talk about when they lose, am sure that’s one of the challenges people learning how to trade through YouTube are having, they won’t know they can easily lose money through trading.

[Ahli38]

I also read a lot of books, watched videos and even studied in VIP classes when I first entered the world of trading. But in the end the most valuable lessons are from our own experience in trading. So my advice would be better to prepare a small capital that is devoted to trading practices. So every thing you learn from reading books or from watching videos, it would be better if it was immediately practiced in real trading. Of course, it must be with small capital which is specifically for learning purposes only.

As for one books that I want to recommend maybe also been recommended by others. But these are one of good books to be learning materials to add insight before trading practice.

"Cryptocurrency Trading and Investing: Beginners Guide to Trading and Investing in Bitcoin, Alt Coins and ICOs for Profit" (Sourch)

[Kelvinid]

Reading books and watching online tutorials, well, they are enough already to learn but it was much better to have a mentor that guides you for a few days in trading. If we have a friend who already has an experience in trading, we approach them and gain ideas. Because we can't be good enough in trading just having all of those stuff but having an experience would give us more learning and ideas. Generally, we usually got caught up in applying it in live trading, we usually fail because of our emotions.

[Tony116]

I also read a lot of books, watched videos and even studied in VIP classes when I first entered the world of trading. But in the end the most valuable lessons are from our own experience in trading. So my advice would be better to prepare a small capital that is devoted to trading practices. So every thing you learn from reading books or from watching videos, it would be better if it was immediately practiced in real trading. Of course, it must be with small capital which is specifically for learning purposes only.

As for one books that I want to recommend maybe also been recommended by others. But these are one of good books to be learning materials to add insight before trading practice.

I am not a very good trader either but I have also started to become a trader the same way you are mentioning. I believe our best teacher is experience. For a newbie, in addition to needing to prepare a minimum capital just for learning. I would like to add that when we start learning to trade, we should focus only on the knowledge and practice of that knowledge, not on profits. I mean, OP or any newbie should be prepared for losses in the early days of trading and need to accept those losses in a good mood. Only then can we truly be comfortable and focus fully on building our skills and experience.

I don't have any favorite books on trading, but I think the basic knowledge on youtube and our own experience will be enough for us to learn everything on our own.

[Nrcewker]

Books are good source to acquire knowledge and reading the theory is good practice. But the real pressure and experience one can feel when he tries trading himself. Trading is not as difficult as rocket science, but it’s not easy either. Since you are a beginner, I would advise you to use demo account to gain experience on trading. Keep tracks of the coins and their movements, see when they rise and when they fall and make notes and indicators accordingly. At last when you are ready, trade the amount that you can afford to lose.