Need help trading.

[Bch219]

As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.

I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

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[BitMaxz]

It's too risky to go directly on trading without knowledge actually most of basic trading is already on exchange you just need to search more a bit to find those guides.
Sample Binance has a comprehensive guide check the link below

- https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners

For beginners to advanced, I have a good list including the tools that you can use check the link below and start reading technical and fundamental analysis

- https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

[babagem1]

Well, this is exactly one of the best question that I have also wanted to ask for the past few days is actually amazing contribution regarding on where to trade And how to start about it, it really be appreciated if more contribution can come in on this topic to clarify a beginner on how to start trading and the best place to start. So things are all needed and more direction needed to enable me also know my stand because I also have you I actually want to start trading with. then I also have some contributions for this topic, any challenges why you have already started with Trading from the direction we have given you he hesitate to ask more questions ask more questions whatever you ask, don’t ever be shy to ask questions that is why I was happy immediately topic, so please I really appreciate more link and direction thank you and happy Sunday.

[God bless u]

As you complete the research there will be a list of a number of platforms for you to get started on I want to get some things on board for you. Actually after learning some basic skills you have to dive yourself into the world of crypto and invest some assets. Personal experience is very important for a person to completely understand how the market works and how you'll  make some successful trades.

Just start with a very minimal amount and Invest it according to your research then after the results you'll get to know where you were weak and slowly you'll gain some experience.only after having some confidence then invest larger assets.goodluck

[Zaguru12]

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

The links above will definitely guide you on some aspects of trading, my addition is you should actually go through some strategies and see which one is suitable to use. Other technics like fundamental analysis can be perfected by just reading through those books but for technical analysis using charts, you will need video explaining how they go buy and the best place is to use the the YouTube, learn first about how to use TradingView tools and proceed to learning either the Inner Crypto Trading strategy (ICT) or the Smart Money Concept (SMC), perfecting those to techniques will go a long way for you as a successful trader.

Before embarking on this journey though you need to learn about risk management tool because trading is a speculative activity no matter how good you are on it. If I was to advice you I will say invest your money first on coins most preferable bitcoin and probably practice with Demo accounts

[YOSHIE]

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

The link cannot be used as a complete guide to achieving maximum crypto trading techniques and an expert, you have to look for someone who is an expert in crypto trading in the real world, for you to learn more details, accuracy, risks and everything you need before plunging further into the world of crypto trading.
remember: crypto trading is high risk, you need wise, expert people to guide you to reach the perfect level in your trading in the crypto market.

Remember, this forum is a place for discussion, not a place for overall learning in crypto trading, the forum is more focused on theory, practice in the real world will lead you to success, You can easily find crypto trading links on Google, but they are not the basis for your success.
Maxim:
Learn from real people, don't study from books, the internet and so on which are online, the information on the internet is only for information, not a teacher.

[SamReomo]

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

As a beginner, you should first try to learn about technical analysis. There are so many tutorials about technical analysis that you can find with a simple Google search, and on YouTube. I suggest you to begin learning with one or two technical indicators at first, you should also try to understand that how charts work. You can learn all those things either by searching on Google, visiting sites like Investopedia, or searching such content on YouTube.

I think $500 is a good amount to begin your trading journey, but be careful you should first try your best to learn about the technical indicators, also you should try to use stop loss. Stop loss is a very important thing for a new trader, those new traders who don't use stop loss might end up losing a lot of money. As a beginning trader, you should also try to control your emotions because it's a fact that new traders who can't control their emotions end up emptying their accounts.

[knowngunman]

As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.

First and foremost, trading is not where ROI is guaranteed and you could possibly lose the $500 within a couple of minutes. The question here is are you ready to lose the $500 to trading? Considering that you are a student, I can guess how long it took you to realize that amount and it'll hurt to lose it. As we know, a problem shared is half solved and you have been provided with some links to help guide your journey. However, I personally don't see online learning as the perfect way to start for a total newbie with no basics knowledge.

I don't know where you live but I believe there'll be experts around you or closeby that can take you along with a little charges. $500 is a reasonable amount for beginner but you don't have to risk that amount to learn trading. No one learn trading with real money when we have demo to practice with. Someone suggested you invest the money into bitcoin for the time being while you use demo to learn trading, it's a welcomed suggestion too. Be vigilant, scammers might attempt to pm you posing like expert trader to deceive you, please don't fall for them.

[KingsDen]

As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.

It is weird that you want to risk the money you have saved as a student for experimenting. You do not actually need real money for trading as a learner. Use virtual money in demo accounts and not real money

I'd appreciate it if you could provide me some helpful suggestions on where I should go to gain the expertise. I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis

Don't subscribe to signal groups as a beginner, even if you have to use it later, it should be when you have learn the basics of trading or have gained ample knowledge of trading. I will advise that you take some percentage off the $500 you have and pay someone to teach you trading while reading online as well.

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

As a beginner, you have to be sure that you actually want to learn trading and then learn before trading. Trading without learning is like gambling and you know what it means(you can lose all you have).

[ajiz138]

It is too risky and you will lose that money if you go into trading without any knowledge, of course $500 capital is a large amount especially if you save for a long time while in trading you can lose faster.
Why not choose to invest in bitcoin instead? It will be safer and you only need to hold until the profit comes then with hodl btc there is no greater risk there.
Well if you want to start learning to trade why not with a small capital say $20 as a start where you can do that to learn, one more thing is not to trust channel signals most of them are scammers who manipulate.

[alastantiger]

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

I recommend this old book but it is gold - Fibonacci for the Active Trader by Derrik Hobbs. Its is going to be helpful for you as a trader when you start learning about technical analysis. Like I said, it is old way before crypto but the ideas are the same. I don't know if there is a free version of the book online but try to get it. Or rather read the synopsis of on the internet and decide if this is what you want to be reading now.

The starting point is not the actual trading but in reading. Scammers can smell desperation and they will try to sell you some fake signal group whatever to get your money. Beware of any message of such.

[aylabadia05]

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

The fundamental step before entering the amount of money you have collected into the exchange to trade is to learn all about trade because to find out how the level of risk that will be obtained even though the purpose of trading is to get a minimum profit of 2x from capital.

One user has provided a link that allows you to visit it.
For me, learning to find out about trading before trading is a good suggestion because not a few traders who suffered losses despite a long time to trade.
If you only think about profits with available capital, indeed anyone will be tempted. But trading should not be blind.

[boyptc]

Are you sure that you afford to lose $500 in trading? You've just said that you saved it up and then willing to lose just to learn.

If that is so, I admire your bravery because not all newbies in trading are okay with that and all they ask is on how to trade safely.

But even with that, there's no such thing and your approach is the only approach that one can learn from it. Start making exchanges account and only do it with the top ones like Binance, kucoin, Coinbase for centralized ones.

[Adbitco]

The best advice i will give to you is to look a physical mentor otherwise you would fall into the hands of scammer, see listen scammers comes in different ways and they are too trickish where you wouldn't know when to fall scam to them, most of them can easily deceived you that you can investment with them to get some percentage at some stipulate period of time.
Then that reminds me avoid some pm because the scammers will keep sending personal messages to teach you or show you how to get started.

[Text]

Start by learning the basics of financial markets, different asset classes, and the terminology used in trading. Focus on understanding fundamental and technical analysis.

Before risking your real money, use trading simulators to practice your strategies. This allows you to experience the market without financial consequences. TradingView has a good simulator feature.

Avoid Signal Services, relying on signals from others can be risky. It's crucial to make your trading decisions based on your analysis and understanding.

[Assface16678]

Well currently I don't know any community that could help you with trading, because I stopped doing community trade and trade only on my own accord, I recommend for those newbie in trading to join a community trade, community trade means that you have a community where in there are many traders there, newbies, expert and experienced traders, in that community you all could share your thoughts in the market some can share trading analysis or technical analysis and some could share their trading signals, the difference of community trafe in other channels is that you could learn from them because they will share the information why they enter in this market or why they come up with the strategy, and as you can follow them you are earning why learning from them. I'm sure you will find community trading; you just have to be resourceful now. It's a better place to start for beginners in trading.

[Rruchi man]

Please let me know what you think a beginner should know and where they can receive the knowledge that will help them become an expert, as well as how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

I will like to repeat what I have said sometime ago here, know the kind of learning that is good for you. If you know that you are the type that can easily learn online, then follow up with the links online that you will be referred to. If you also sincerely know that learning online is something that you have always found difficult, then find an offline academy near you to learn from. It will be a waste of time for you to be trying to learn trading online when you know you will find it difficult.  

[Issa56]

As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.

If you are learning how to trade, then you don’t have to use all your $500 to trade, because when you are learning how to trade, you are likely going to lose all the money which you started trading with, just imagine you lost the $500 which you have accumulated for a long time, and you lost everything to trading, and you will have to start everything afresh. If I will be recommending you learn how to trade with just like 10-50$ of the money, but if I am you, then I won’t use more than $20 to learn how to trade.

I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis

If you want to follow signal provider, then meaning you just  want to waste money, people that are following signals don’t really have passion for trading, because if you have passion for trading, then you will do it yourself, most people that are using signals are the once that do hear that their is money in crypto trading, and they also want to make money without learning, which at the end, they do fall for scammers, because if those signals are real, then people will hardly release it.

[tvplus006]

...I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis...

There are no 100% correct signals, so you don't need to look for them. You should understand that if you buy paid signals, you will lose your money twice: the first time when you give money for access to the signals and the second time when you get a loss by following an inaccurate signal.

[SOKO-DEKE]

As a student, I've saved up to $500 and am now looking for a means to get into trading. I understand that $500 is not a good starting point for some traders, but I want to use it throughout my learning process. The problem currently is that I don't even know where to begin when learning how to trade.

Trading is quite challenging, yet I won't dissuade you if you've taken a liking to it. However, it's crucial to understand that mastering trading demands time and unwavering dedication. It's not a skill acquired hastily over a few weeks, leading to instant profits. To truly excel as a cryptocurrency trader, one must possess a solid understanding of trading principles. This entails grasping market dynamics, risk management strategies, technical analysis techniques, and staying updated on industry trends.and

Learning to trade did not require a large amount of money; honestly, infact $500 you want to start learning with is too much, you can start with a very small amount of money, like $10 to $20. You are a learner; you should stop thinking about putting big money into trading because of the profits you make. I will not advise any learner to start learning trading with a large amount of money.

I've seen several people professing to give good signals, and in the few months I've been here, I've learnt not to trust them because they could be scammers or don't know how to conduct decent analysis

It's more beneficial to learn trading independently rather than relying on signals. While signals do exist, the cryptocurrency industry is rife with scammers. Out of all the signals you encounter, hardly even 2% are genuinely reliable. Many claim to have accurate signals, but most are deceitful. They'll request payment for their services, yet still provide inaccurate signals. Consequently, investing based on these signals often leads to financial loss.The technical analysis they offer may not be of high quality, further exacerbating the risk. Therefore, it's prudent to invest time and effort into understanding trading principles and strategies on your own, rather than trusting dubious signals that could potentially result in significant losses.