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.

[Patrol69]

You have saved $500 and you must have some important reason behind this saving. You may have saved $500 with the plan that when you save $500 you will start trading with that $500. $500 is enough to start but before starting you need to study enough about trading. Then since you are a student you have to manage this trading along with your studies. What time you are free and what time trading will not affect your studies badly you take that time. You can take out the remaining time and study about trading during that time and then you can trade during that time. However, in the case of trading, there are some basic things to know.

[wxa7115]

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.

500 dollars is enough to start trading, but since your capital is limited you cannot afford to waste it, to begin with you must drop the idea of trading anytime soon, at best you could be ready to make your first trade in a few months.

Now I know this is discouraging as the price of bitcoin has gone up during the previous months and you may think you are missing a huge opportunity, something I cannot deny but there is no way around it since you are not ready, the next step is to take your time and see what trading style could fit you the best, and once you have taken this decision you could study the books of famous traders which use that style in particular.

[husencoe]

I think you did the right thing by not believing other people's signals. Doing with your self on trading is a responsibility about all your assets. Maybe your first step should be to find the coin you want to trade with. Look for it at Coinmarketcap and find the top list. On their, you can find the market that listed the coin for trade. You also can ask on this forum for suggestion coins or market if you get stuck. You must learn about technical analysis, there is so many of them, but you learn one by one. You can find it on youtube or website.  After that, you can start trade with small value to practice what you learn on your source, then you increase the value slowly. And also you must learn about how to control emotion on trade. This will help you to think when you get trobles. Don't hesitate to ask questions in this group when you have problems. The people here will be willing to help you. Hope you will be success.

[yudi09]

-snip-

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.

Pay attention to trading techniques before deciding to jump in there and from what you said, it's good to ask even though outside the forum there are lots of sources that can be found on how to do it.
For me, first identify the potential of the coin that will be traded with capital of $500.
In my opinion, it's better to buy Bitcoin with capital of $500 and hold it until the price reaches the latest ATH.

[AnonBitCoiner]

There are lots of people who enters into the market without knowledge and they loss their huge part of income so I think that if you don't have knowledge about trading then this amount will just be lost without giving you any profit. Few mistakes can be overcome through experience but without basic knowledge you cannot earn or learn.

Learn well and then initiate by investing some amount instead of trading and this amount is suitable amount for investment. If you think that trading will give you quick profit then without learning and knowing the basic skills you cannot go towards a successful destination.

[AYOBA]

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.

Yes, as you talk, $500 is not a starting point for trading, but as a newbie, this $500 is ok for you to start your trading, because it is good to start a trade with the sum amount of money you can afford to lose. Since we are all aware that trading has a high risk, people's always given the advice that anyone who wants to start trading, whether they are newbies or not, should actually start with the amount of money that they can afford to lose, so that even if they lose all of their initial investment, they won't be as devastated.

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

I see that many of our fellow members here have presented you with a variety of sources and essential points from which you can easily anticipate to learn about trading. The only thing you can do is go through them and master the fundamental skills as well as technical analysis. These are the best places to attend if you want to become a trading expert.

[Fatunad]

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.

So here's my recommended path for actual beginners.

1. Finish course on Babypips.com
2. Make use of small amounts on trading Ex. $100.. Dont expect for making profits
3. Trial and Error
4. Learnt up with those Technical analysis
5. Exchange recommendation? Binance or other top tiers
6. Try to make that balance getting bigger gradually

The thing you should bare up in mind is that you shouldnt really be in a rush on dealing up with the market. Dont tend to have that kind of behavior
because once you do have it then you are really that prone into tons of mistakes on which this is something that you must avoid in the first place.

[justdimin]

You have saved $500 and you must have some important reason behind this saving. You may have saved $500 with the plan that when you save $500 you will start trading with that $500. $500 is enough to start but before starting you need to study enough about trading. Then since you are a student you have to manage this trading along with your studies. What time you are free and what time trading will not affect your studies badly you take that time. You can take out the remaining time and study about trading during that time and then you can trade during that time. However, in the case of trading, there are some basic things to know.

Not just some basic things but there are a lot of things to know, especially for someone who is just getting into trading and has never done it before. People often make the mistake of getting into trading while not knowing much about it because they just have heard that trading is profitable so they rush into it and think that they can start earning a lot of money right after they start trading unaware of the fact that it is not as easy as described by some.

So when a newbie is entering the market, they need to do their homework very well before they start involving their finances, they should first learn everything and then practice everything they have learned using a demo account somewhere just to check that they have understood everything well.

[Monarch B]

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.

Fast of all do not join any group that promises free signals. These are mostly scammers and will fool you. If you depend on them, you will never learn anything good and you will always be dependent on others.

Also watch YouTube regularly and try to master a subject. There are many good trader on youtube and they share their experiences so you can choose any one of them and keep trying on it..

Don't invest too much in the beginning learn slowly and try to master.

[|MINER|]

Since you are new and hard to save 500 dollars I would say avoid investing in trading without learning trading well.  Trading is a very difficult and complex task.  No one can excel in training immediately after entering the market.  Trading can take a long time to master.  Learn the rules of trading first and follow the best profitable traders.  Invest in trading only after gaining enough knowledge about trading.  Otherwise, your entire money may go to the line of loss.  You must first know about market analysis and have an understanding of the market dynamics.  Also you need to be very mentally strong and have a lot of patience. Trading is not possible with little patience.

[Kelward]

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.

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

A newbie crypto trader must understand the undisputed truth that trading is hard and it's not a get rich quick scheme, so it's something that he must diligently learn before involving his capital, so like you pointed out, in the process of learning the newbie trader can first invest their money in Bitcoin, especially in this bull season, then start practicing with demo trading. If it's possible let him get an experienced mentor who can physically guide him, if not he can use the links that Bitmaxz, provided, they're very helpful for starters, and let him have a steady source of income, because it's easy for him to lose that $500 start up capital, without proper risk management tutoring.

[Humblevirus]

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.

the fact that you don't know anything about trading, as you stated, why did you think of trading at the moment? You don't know that trading is very risky. See, let me tell you, if you use this hard-earned money you saved for a long time in trading without the knowledge of trading, you will not gain anything in return. There is high risk in trading, so don't think of using 500 dollars in trading without the knowledge; instead, you should continue keeping the funds till you learn every single side of trading, then you will use the money and enter the market. Fundamental knowledge, technical analysis, and emotional control are also key important things traders should know. So imagine you use 500 dollars to enter the trading market without any of these. Do you think you will gain anything? To me, your money will go without getting anything in return as gain.

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.

With what I'm thinking, you want to be lazy and not learn the trading concept because if you really want to trade on your own without anyone helping you, you were not supposed to think of a signal. You are still a newcomer, so you need to learn and note that beginners cannot use signals appropriately because you need to set them up before you can make money out of them, so no one here will suggest you should use signals or bots to trade.

Furthermore, the community members will not help you with advice, but we can give links to guides, which I can see that many people have already shared with you. over to you now to learn, relearn, and then earn. If not, trading is not easy and is not something you will get to know in a month, so you need to calm down and focus. If you don't understand anything, just ask. We have many traders here who will guide you.

[wxa7115]

A newbie crypto trader must understand the undisputed truth that trading is hard and it's not a get rich quick scheme, so it's something that he must diligently learn before involving his capital, so like you pointed out, in the process of learning the newbie trader can first invest their money in Bitcoin, especially in this bull season, then start practicing with demo trading. If it's possible let him get an experienced mentor who can physically guide him, if not he can use the links that Bitmaxz, provided, they're very helpful for starters, and let him have a steady source of income, because it's easy for him to lose that $500 start up capital, without proper risk management tutoring.

Newbie traders do not want to hear that, if they have to pick between believing that trading is hard or that it is very easy, as claimed by influencers, then they will pick the second option.

Once a lie has been repeated so many times, it becomes the accepted truth for many, and trading is promoted as an easy way to make money all over the internet, a thing that does not make much sense, but since newbies want to believe they have a chance to obtain instant riches, they will prefer to believe a lie over the truth.

[Nrcewker]

No one’s an expert mate. We all learn here, as we trade and become better. Yes there are some tips and tricks which you can follow to avoid more losses. As a beginner, it’s important to gain theoretical knowledge at first. Learn as much as you can, and then apply it practically. It’s also beneficial to trade at first with demo account and demo balance. After you gain some confidence, use the real hard earned money to trade and take little profits.

[Ndabagi01]

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.

No one goes into trading without learning on how it works. And you should also know that learning to become a good trader does not guarantee to you always have a good trade. Sometimes, things will go well as planned and sometimes they don’t just go your way. It’s a 50-50 game, but with your trading skill, you can mitigate the level of loss you’ll get at trading.

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

Learn by yourself, and develop a strategy that works best for you. We are talking about money here, and no one will pet you or feel sorry for you if you lose it by following their guide and signal. Develop a technique, practise it, and master it. That will only benefit you because you will become a better trader using that method.

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.

Is there a term that describes an expert trader? I don't think so; it's better if you don't set your mind to it so you're not disappointed when you finish learning and realise you're not the perfect trader you've always wanted to be. Just keep learning to improve your trading skills.

[vs2014]

Actually trading is not a fun activity as you will get good results in short span of time. Some aspects of trading need to be guided as you need to increase the amount of your practice in this matter. You have to go through a lot of strategies when and how you can get good profit from trading. But before embarking on this journey though you need to familiarize yourself with risk management because here your money can run out in no time. Start with small amount first which will help you one more step to get good profit.

[Huppercase]

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.

There is no other way out of this than learn and experience. You should visit Binance academy for learning the basic but don't depend on that alone. Put it together with YouTube trading channels and practice them, reading alone isn't enough to take you anywhere. Don't use your money yet, try and learn how to use demo accounts for trading else you will blow up that $500 before you even realize.

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

Avoid signal groups for trades, you can follow them for ideas and how some of them expertise their charts but not a signal, your idea should give you confirmation of trade, the stop loss and when to exit every of your trades. Most signals are scams and wouldn't even tell you when they close some trades.

[Sebas.tian]

I don't think, it will take you a long period of time to acquire the knowledge of trading, since you said you are a student and you know how to read and write which are the easiest way newbies can get it fast to understand crypto trading. Do everything possible within your capacity to visit the market to watch what traders are doing in the market and how they use to trade when they discover that it is time to trade to accumulate their income, and you will begin to achieve some things that will impart on you crypto trading. I will advice you not to rush to invest the money on Bitcoin without having the knowledge of trading, it will be good you use this period to learn trading so that when another bullish season appear again you can trade by yourself for other traders to know that you are good in trading.

[adaseb]

Trading isn’t something you can really teach someone. It’s more of a type of occupation which is all about the experience. After a few years you either get it or you give up and move on like most people.

Keep in mind that trading isn’t for most people. Many cannot survive bearish market conditions. Usually people make money in a bull market and end up losing it all in the bear market. Those that survive are rare. And I am talking about stocks, crypto, metals, commodities, etc. Most markets are alike.

[Awaklara]

I don't think, it will take you a long period of time to acquire the knowledge of trading, since you said you are a student and you know how to read and write which are the easiest way newbies can get it fast to understand crypto trading. Do everything possible within your capacity to visit the market to watch what traders are doing in the market and how they use to trade when they discover that it is time to trade to accumulate their income, and you will begin to achieve some things that will impart on you crypto trading. I will advice you not to rush to invest the money on Bitcoin without having the knowledge of trading, it will be good you use this period to learn trading so that when another bullish season appear again you can trade by yourself for other traders to know that you are good in trading.

I would advise beginners or anyone interested in crypto trading to go and learn Bitcoin first before you learn exchanges and trading techniques.
Investing in Bitcoin is quite a lower risk than altcoins. Regarding trading knowledge and skills, they can be learned but experience must be gained.
If you want to be good at trading, then you cannot avoid trading. as well as profits and losses.

[mirakal]

No one’s an expert mate. We all learn here, as we trade and become better. Yes there are some tips and tricks which you can follow to avoid more losses. As a beginner, it’s important to gain theoretical knowledge at first. Learn as much as you can, and then apply it practically. It’s also beneficial to trade at first with demo account and demo balance. After you gain some confidence, use the real hard earned money to trade and take little profits.

Yes, a trader can never be an expert in trading as long as losses are inevitable. Everyone has its fair share of losses and gains. However, for a beginner to learn in trading, then he should not jump into live trading but use demo trading account first. While experience is the best teacher, but knowing all the basic knowledge and new insights in trading should come prior to experience. Learning its fundamentals are crucial, as much as technical analysis is vital once a trader starts trading.

One has a lot more to learn prior to engaging in live trading. And as much as possible, have your own personal mentor when trading. Trading is hard and risky, most especially if you have no one to back up when you start facing mistakes and losses in trading.

[synchronym]

If you are a student you must trade carefully to trade $500. Before trading you must acquire enough knowledge about the trade. If you don't know about trade then you won't understand much about trade and you won't get much success from trading so before investing you must gain enough knowledge about trade. In trading, you must have a long-term plan. Of course you need to check the market before trading and trade patiently for long term then you will be a successful trader. Patience is very important in trading, so if you have patience and long-term plan and trade after checking the market, you will definitely get success through it.

[Cryptomultiplier]

Trading isn’t something you can really teach someone. It’s more of a type of occupation which is all about the experience. After a few years you either get it or you give up and move on like most people.

Keep in mind that trading isn’t for most people. Many cannot survive bearish market conditions. Usually people make money in a bull market and end up losing it all in the bear market. Those that survive are rare. And I am talking about stocks, crypto, metals, commodities, etc. Most markets are alike.

One just got to know if they can go through the emotional stress and financial hurdles they will encounter while trading, after they have actually tried trading as a newbie.

Simple trading techniques can be practiced like swapping and converting coins to fiat and vice versa, as well as how to use spot trading to convert to or sell coins inorder to get same value in stable coins. Also, how to withdraw, deposit, from and to a wallet while ensuring safety from hackers and scammers is a top priority before one gets to be a professional or merchant trader.

I don't need to emphasize on doing personal research and the need to strive to be consistent with the trading learning process. It would also help to watch YouTube videos on the subject, while sourcing for sites and social handles/pages that deal on the subject matter of trading.

[EarnOnVictor]

Do you want to learn or want a trading signal? You need to decide about it and stop believing that one signal can help you. If those who are offering you signals did not learn, will they know how to issue the signals? And of course, the $500 capital is very good for starting and learning, but I must warn you, you may lose it all if you are learning. This is why I recommend a demo account for you since you are just starting. And if you would start the live trading/training, use a very low risk and do not think of the money at first.

Aside from that, you must know that the journey to attain trading expertise is not what anyone can predetermine, all you need to do is focus on learning, and if you get to the level of professionalism, you will know by yourself without anyone telling you, as it varies from people to people. Because the time people have for the training, their dedication to it and the source of learning matters a lot. The ability of the person to rightly use what he learned even matters most, so no one can predict the actual or average time you can become an expert in trading.

However, about the link, I am not a new trader, it has been a long time since I learned and most of the important sites I learned about trading are no more functioning. This is a pity because they are full of the most useful training tools unlike what we see these days. Well, in the absence of none, you can use and search;

1. https://www.babypips.com/
2. Search some keywords you want with investopedia.com

[adaseb]

Do you want to learn or want a trading signal? You need to decide about it and stop believing that one signal can help you. If those who are offering you signals did not learn, will they know how to issue the signals? And of course, the $500 capital is very good for starting and learning, but I must warn you, you may lose it all if you are learning. This is why I recommend a demo account for you since you are just starting. And if you would start the live trading/training, use a very low risk and do not think of the money at first.

Aside from that, you must know that the journey to attain trading expertise is not what anyone can predetermine, all you need to do is focus on learning, and if you get to the level of professionalism, you will know by yourself without anyone telling you, as it varies from people to people. Because the time people have for the training, their dedication to it and the source of learning matters a lot. The ability of the person to rightly use what he learned even matters most, so no one can predict the actual or average time you can become an expert in trading.

However, about the link, I am not a new trader, it has been a long time since I learned and most of the important sites I learned about trading are no more functioning. This is a pity because they are full of the most useful training tools unlike what we see these days. Well, in the absence of none, you can use and search;

1. https://www.babypips.com/
2. Search some keywords you want with investopedia.com

Man I didn't realise Babypips was still around. I remember being a regular there about 15 years ago. After browsing the forum for 2 years I come to the conclusion that 99% of people there never made any money trading forex. I think there is a higher percentage of people making money trading stock options than there is trading forex. Forex is extremely difficult and I don't know anyone personally that earns a living thru it.

Most people who do this professionally either stick with stocks or crypto. Crypto is much easier because at least now, you got transparency. You got volume, liquidation info, open interest, funding rate. None of these tools are present in the forex or stock market. You are at a huge disadvantage trading those markets. Crypto at least the field is more level for different types of traders.

[Stable090]

If you are a student you must trade carefully to trade $500. Before trading you must acquire enough knowledge about the trade.

That’s the first thing which the OP should know, if you want to start trading, you have to acquire enough knowledge first or you might end up losing all your $500, which am sure you are going to be pained if after suffering to accumulate that amount of money, then you lose everything, so when you accumulating your knowledge, you have to put everything into practice, and in the process of doing that, you shouldn’t use all your money to do that, just allocate just small amount from the $500, and start with it, if you are learning how to trade, their is high chances that you are going to lose almost all the money which you started with, but gradually your losses will be reducing.

[Sorryfor]

Since you have acquired knowledge about trading and you have saved some amount of money according to your ability for future trading in this case I would say you are much ahead. To start trading now you can start trading with a fraction of your full amount first in the areas you have researched and where you are interested in trading as a result of the research. As a result, if you experience losses, you will actually understand where your mistakes are and thus gradually correct your mistakes and you will be able to trade profitably at one time And in this case, even after you start trading, you keep learning more, keep learning more and be patient And start small.

[justdimin]

If you are a student you must trade carefully to trade $500. Before trading you must acquire enough knowledge about the trade.

That’s the first thing which the OP should know, if you want to start trading, you have to acquire enough knowledge first or you might end up losing all your $500, which am sure you are going to be pained if after suffering to accumulate that amount of money, then you lose everything, so when you accumulating your knowledge, you have to put everything into practice, and in the process of doing that, you shouldn’t use all your money to do that, just allocate just small amount from the $500, and start with it, if you are learning how to trade, their is high chances that you are going to lose almost all the money which you started with, but gradually your losses will be reducing.

I agree, having a lot better understanding on how to trade is definitely key to this, plus it is also important not to take all that much risk as well, because if you take big risks, then you may end up with a lot of profit but also you could end up losing all your money. If you do 150x leverage with all your 500 dollars, you could make literally tens of thousands of dollars, with a single trade, that's true and it makes people want to give it a try a lot, because who wouldn't want that money.

However, you need to realize that if you are wrong, even just a bit, like less than 1%, then you are going to lose ALL of that 500 dollars. So, I understand the temptation but you need to be a lot more careful with what you are doing.

[snowpega]

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.

Well Dear in my honest opinion, the amount you aforementioned is not bad for the beginning level because as you are at your beginning stage investing less will be best for you to learn the market sentiments. I am also a student and you will not believe that I started from the half amount of have or that you are going to start your crypto journey. So do not keep thinking that this amount is less. You will learn surely if you conduct a good research before each of your actions because things happen so unexpectedly and unwanted in the crypto space.

On the other hand, I feel sorry dear as I can not share any source, that you can use to begin your journey as I also did not use any academic material or social group in the learning phase i used to do research before taking any action and some of my friends are in the crypto space before the time i jumped into the crypto space so i used to consult with them and i also do my own research after consulting with them beacsue your own research will help you more to understand things rapidly. Many Thanks!

[$weetne$$]

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.

$500 is a big capital to use in trading, some people have used $50 and become successful from trading. I know some people that started trading with $100 and have made good profits that they have taken out their initial $100 trading capital and still has alot of money in their trading account. What matters most in trading is the information you have and how disciplined you're as an individual because you can get distracted when trading and make mistakes that'll make you to lose money and when you don't have a back up capital, you'll lose interest in trading. If I was in your position I won't use all the money to trade, I'll divide the money and invest some into Bitcoin and use the rest as my trading capital. I'll start with $100 as practice because I still don't have much experience in trading as I'm a beginner and I'll be watching videos regularly to understand how to trade very well and to find new trading strategies.

[bettercrypto]

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.

Well, $500  for me is a big starting point, to be honest. Did you just start here in the crypto industry last year? because if you are just now starting to enter crypto trading, maybe allocate the $400  to your long-term investment in bitcoin, or you can also divide it among the four crypto assets that are at the top of the market.

Then use the $100  as a starting point in your practice of trading on well-known crypto exchanges like Binance while you study or learn about crypto trading. This is the best I think you should do, because I just started trading as a practice for only 30 dollars, so 100 dollars is okay in my opinion.

[tvplus006]

..as well as how long it will take me to get the hang of the complete trading technique.

There will never come a moment when you say that you already know everything. As soon as you say that you have learned everything and you do not need to study anymore, from that moment your degradation begins, which will lead to mistakes in trading. Therefore, you will have to educate yourself all your life to keep your skills in great shape.

[2Pizza410000BTC]

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.

If you want to know trading well then I think it may take you few months and if you want to gain little knowledge of trading then you can do it in few weeks. Since you want to trade with $500 then you must have a fairly good understanding of trading. I think $500 is a huge amount except for big traders who trade with big money, but for you $500 is a big amount. 

But I can give you a suggestion that you can follow copy trading in Bitget exchange and gain knowledge from there not only Bitget but many good exchange all the rules related to trading are given you follow those rules to trade can. But if you learn from copy trading, don't rely on it for long, learn trading techniques on your own. 

Never trade with signals given by others, always trade with your own signals and strategies, hope you succeed. Finally, I want to tell you that never be too greedy in trading platform, if you are too greedy, you will not be able to profit in trading platform.

[Hamza2424]

That's so nice that you acknowledge the risk of trading at the same time you are curious about learning to reduce the risks, Most traders don't know where to start, the point is you need to learn about the rice action, TA and FA is included in it as well, after that learn about the top indicators and learn about their efficiency. After that, your journey and market will tech you haha. No one can be perfect.

Make sure to give proper attention to risk management after some of these pre-requirements, for the rest keep posting your queries and we'll answer in our power. 500$ is a good amount to start at least near to me also you are on time, the market is providing good opportunities here.

[Distinctin]

If you are a student you must trade carefully to trade $500. Before trading you must acquire enough knowledge about the trade.

That’s the first thing which the OP should know, if you want to start trading, you have to acquire enough knowledge first or you might end up losing all your $500, which am sure you are going to be pained if after suffering to accumulate that amount of money, then you lose everything, so when you accumulating your knowledge, you have to put everything into practice, and in the process of doing that, you shouldn’t use all your money to do that, just allocate just small amount from the $500, and start with it, if you are learning how to trade, their is high chances that you are going to lose almost all the money which you started with, but gradually your losses will be reducing.

Before you invest in trading, invest in yourself first. Trading has certainly its own process and learning it may take months or even a year before you can say you can be a good trader. I suggest go first with a demo trading account, that way you will be more familiar with how trading scenario is. Note that what you have learned from demo trading is still quite different when it comes to live trading. So enhance your knowledge and skills so that you when you start trading with real funds, you can at least minimize your losses and start making some gains, until you can be a reliable trader in the process.

[Maslate]

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.

You don’t need to stress yourself where you can maximize learning in trading because the forum itself is the best avenue where you can learn trading based from the reliable experiences of old traders. Although you can read all the books and any trading resources all you want, but it’s still a lot different when you learn from such experiences. Aside from learning from others, you also have to create your own experience in trading, but don’t expect for profits because it’s better to gain losses at first because that will motivate you to change your wrong strategy and improve the knowledge and skills that you have started. In time, you will come to limit your losses and increase your winning trades.

[MFahad]

Since you have acquired knowledge about trading and you have saved some amount of money according to your ability for future trading in this case I would say you are much ahead. To start trading now you can start trading with a fraction of your full amount first in the areas you have researched and where you are interested in trading as a result of the research. As a result, if you experience losses, you will actually understand where your mistakes are and thus gradually correct your mistakes and you will be able to trade profitably at one time And in this case, even after you start trading, you keep learning more, keep learning more and be patient And start small.

A lot of new traders make this mistake, they get into trading and when they face losses in the initial days of their trading, they become disheartened and leave forever thinking that it isn't for them or whatever, whereas what they should be doing is to learn from their mistakes and improve over time which is how one can gain success in the long-run. It isn't easy but you need not to give up this easily.
Even people that are experts of the market and earning a lot of money from their trading activities were once newbies and even they had to face losses like us, but what they did is they kept analyzing their mistakes and improving the areas where they lacked knowledge and were making mistakes, and look where they are now.

[Hallroom]

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.

If you want to have a good understanding and experience in trading, then you should acquire detailed knowledge about buying and selling tokens from Binance Exchange or Kucoin Exchanges. Do as much research as you can about the various markets on when coin prices are pumping and when they are dumping. And in the beginning you don't trade with all your capital, you start trading with a small amount like $100. Since you are new start with small invoices to prepare yourself. Then when you complete the experience you can launch with full capital and reap the benefits.

[Out of mind]

$500 dollars is too much money for you as a new user, I think as you are a small trader you will try many ways to increase your funds. But if you want to increase money by trading then it is risky for you, and you can be exposed to risk for sure, because anytime the market volatility may start you will fall into losses if you trade. But you can earn by trading if you have general knowledge and experience about the market, if you can analyze it. Only when you can analyze the market, you can start trading business and earn from it and increase your funds. If you invest it can be risk-free for you if you invest for long time, but trading is risky, but you need to know about the market first. You can make money only when you can analyze the market and take advice from experienced traders.

[shawonngp]

You are a student and you are looking to suggestions to start trading that's fine but are you ready to afford if you will lose money? who says 500$ is not enough to start trade, it's absolutely large amount for any trader. But if you are confident to start it, I suggest you should start small amount but firstly try to learn about trading. Don't start without basic knowledge.

[Essential10]

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.

$500 is a good amount to start with. You are going to trade because you want to grow your funds quickly. It is very risky to raise money by trading in early stages, where you can lose your money very quickly. But you can certainly earn money by trading, but in that case you must have a basic understanding of the market, you have to get a lot of knowledge about the market, you have to master the dynamics of the market. Even if you have an idea in the initial stage, you cannot easily earn money by trading, so you need to have a lot of time and patience. Always trade with the money you keep as spare.

[Fivestar4everMVP]

Another user already recommended Binance academy, I was going to recommend that and also provide a link to it,, but all that have been done by other users.

So, what I have to add is that, $500 is actually too much money to start learning how to trade with, as a beginner, you stand a chance of losing most of your trade and I believe you (@op) don't wanna watch your $500 get drained in the process of learning to trade, I will advice you start learning how to trade with nothing more then $20 to $50 dollars, and as well, look for an exchange that have a demo account ability of feature, start trading On a demo account first, demo account simply means that money used to trade there is not real money, you can learn with that and get perfect at trading before actually investing real money into trading.

Trading is highly risky, always remember this and arm yourself well enough with good trading knowledge, to minimize your chances of loses.

[Stable090]

Before you invest in trading, invest in yourself first.

I don’t understand, did the OP say he isn’t investing in himself, and I don’t really understand what you mean by invest in yourself? I will like if you can explain the statement better, because the OP never complained that he isn’t doing fine.

Trading has certainly its own process and learning it may take months or even a year before you can say you can be a good trader.

When you are learning how to trade, it’s not something you can learn within a specific period of time, your determination will show if you will be able to learn fast, and trading is not what you read books and you will think you know everything about it already, trading requires constant practicing, and you will always upgrade your trading strategy as a trader, so if you are a trader, then you will never stop learning.

[goldkingcoiner]

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.

Do not use real money when starting trading because you will definitely lose it. I recommend using a testnet (Deribit testnet for futures/options, for example).

The best strategy right now is to DCA and hodl. Everything else makes no sense during a bull run.

There are plenty of places that teach technical and fundamental analysis but the only way you will really understand is by learning by doing. (just use test money)

[Oneandpure]

Firs I am so excited with OP have over $500 capital for trading as a student and I think is very large amount using for trading in cryptocurrency, but most of exchange for trading place requirement with KYC you need prepare your document ID and difficult for student have the ID before raising up to 18 years old. Its not problem you can use your parent ID and verifying using their document for trading in exchange, I think not good ideas when trading using the other people recommended or joining with their signal group. Make your own research when trading in cryptocurrency because most of signal in trading is not worth to buy with their coins recommended have raise much higher price.
Normally as the beginner always need guider but find the right people can educate your self in trading and not try to follow other signal when buying some coins, research by your self is very important thing in trading and checking with some coins have much transaction volume for trading.

[Franctoshi]

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.

We have a Demo account for practicing and this is the first step for every beginner trader to start with, learn the basics of candle sticks, bull and beer candles, where the market opens and closes, these are a few things you should know in the first stage of your learning, I wouldn't advise you to throw in the $500 into the market right now, it will be nice if you invest it in Bitcoin while you learn because you are lucky we are currently in a bull market where you chances of having the increased.

[EarnOnVictor]

Do you want to learn or want a trading signal? You need to decide about it and stop believing that one signal can help you. If those who are offering you signals did not learn, will they know how to issue the signals? And of course, the $500 capital is very good for starting and learning, but I must warn you, you may lose it all if you are learning. This is why I recommend a demo account for you since you are just starting. And if you would start the live trading/training, use a very low risk and do not think of the money at first.

Aside from that, you must know that the journey to attain trading expertise is not what anyone can predetermine, all you need to do is focus on learning, and if you get to the level of professionalism, you will know by yourself without anyone telling you, as it varies from people to people. Because the time people have for the training, their dedication to it and the source of learning matters a lot. The ability of the person to rightly use what he learned even matters most, so no one can predict the actual or average time you can become an expert in trading.

However, about the link, I am not a new trader, it has been a long time since I learned and most of the important sites I learned about trading are no more functioning. This is a pity because they are full of the most useful training tools unlike what we see these days. Well, in the absence of none, you can use and search;

1. https://www.babypips.com/
2. Search some keywords you want with investopedia.com

Man I didn't realise Babypips was still around. I remember being a regular there about 15 years ago. After browsing the forum for 2 years I come to the conclusion that 99% of people there never made any money trading forex. I think there is a higher percentage of people making money trading stock options than there is trading forex. Forex is extremely difficult and I don't know anyone personally that earns a living thru it.

Most people who do this professionally either stick with stocks or crypto. Crypto is much easier because at least now, you got transparency. You got volume, liquidation info, open interest, funding rate. None of these tools are present in the forex or stock market. You are at a huge disadvantage trading those markets. Crypto at least the field is more level for different types of traders.

Lol...the site still exists and I was surprised when it loaded among many websites I wanted to recommend for the OP. Well, about trading sectors, it is all about what we know and how we apply it, though you are right that people are losing through Forex trading, but the percentage is not as bad as you quoted it, the 99% is way too much. This is not peculiar to the Fx market too, even in the crypto market, people are losing, only that there are other opportunities for investment in cryptocurrency like buying and HODLing your coin in the wallet for it to yield for you without stress. Unlike in the Forex market that you can only trade it through platform trading which is the same as the futures trading in cryptocurrency. By that, we trade leveraged products, so the risk is high.

Also, 15 years is a long year, if you persisted, you would have understood the FX market better to be able to gain something from it. Generally, what people are mostly lacking in the financial market trading on leveraged products is proper trading psychology and management (risk and money). If one can possess the two and also have the needed trading strategy that can vouch for about 75% accuracy, success will be achieved. Even with 50% accuracy and using proper risk money and risk management, the trader can still be successful.

However, what is helping people in stock trading is that they can handle it similarly to cryptocurrency where one can buy and leave it for years. This trading/investment pattern is not just the same thing, and once it is a leveraged product, that means it is margin trading and the risk would be automatically be higher depending on the parameters set by the person.

[Viscore]

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.

Do not use real money when starting trading because you will definitely lose it. I recommend using a testnet (Deribit testnet for futures/options, for example).

The best strategy right now is to DCA and hodl. Everything else makes no sense during a bull run.

There are plenty of places that teach technical and fundamental analysis but the only way you will really understand is by learning by doing. (just use test money)

I don’t see a good reason why OP is rushing to trading when the market condition suggest us to buy and hold. This is not the best time to trade most especially if you are still a beginner in the field. Although it’s clear that you want to grow your money as fast as you can, but you know what, trading does not work that way. Experience takes a lot of time, but prior to that, gain first a vast of knowledge and technicalities in trading so that you will know how trading scenario works.

For now, focus on DCA and hodling your coins. This strategy is still best proven to be effective that will give you secured profits when bull run comes, as long as patience is present as well.

[freedomgo]

Another user already recommended Binance academy, I was going to recommend that and also provide a link to it,, but all that have been done by other users.

So, what I have to add is that, $500 is actually too much money to start learning how to trade with, as a beginner, you stand a chance of losing most of your trade and I believe you (@op) don't wanna watch your $500 get drained in the process of learning to trade, I will advice you start learning how to trade with nothing more then $20 to $50 dollars, and as well, look for an exchange that have a demo account ability of feature, start trading On a demo account first, demo account simply means that money used to trade there is not real money, you can learn with that and get perfect at trading before actually investing real money into trading.

Trading is highly risky, always remember this and arm yourself well enough with good trading knowledge, to minimize your chances of loses.

While trading can be highly risky for beginners, hence starting trading with just a small amount that you can afford to lose is highly advisable. Learning trading is never easy, yet with passion and patience to aid you in the process, that will make you less prone to losses. For now, I have to advise demo trading account is the key. Although the real live trading is still a lot different, but every trader started on a scratch should also begin with trading not having real funds.

[moneystery]

first you need to know which market you want to enter, whether you want to trade forex or crypto, then after you choose the market, then you can learn which broker/exchange you feel is the market for you and then learn how to open an account, adjust leverage, etc. then after that you can start learning analysis, whether technical or fundamental, you need to learn both, and then after you learn on a demo account and are proficient at it then you can open a real account and start trading with that money.

there is no need to be too hasty to immediately trade with that much money, because you are still a beginner and are very vulnerable to experiencing big losses if you immediately enter the market without any knowledge. just learn first then you can enter the market. hope you can understand it.

[shawonngp]

Firs I am so excited with OP have over $500 capital for trading as a student and I think is very large amount using for trading in cryptocurrency, but most of exchange for trading place requirement with KYC you need prepare your document ID and difficult for student have the ID before raising up to 18 years old. Its not problem you can use your parent ID and verifying using their document for trading in exchange, I think not good ideas when trading using the other people recommended or joining with their signal group. Make your own research when trading in cryptocurrency because most of signal in trading is not worth to buy with their coins recommended have raise much higher price.
Normally as the beginner always need guider but find the right people can educate your self in trading and not try to follow other signal when buying some coins, research by your self is very important thing in trading and checking with some coins have much transaction volume for trading.

KYC will not be a big deal because without KYC he can trade in the dex's and cex's although most of the cex's require to complete KYC to trade in their exchange. He can use MEXC for trading, if i am not wrong they still provide opportunity to trade without kyc. Also he can use his family members documents it's good idea. If he is noob in trading so it will wrong step if start trade by following signal.

[stadus]

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.

Do not use real money when starting trading because you will definitely lose it. I recommend using a testnet (Deribit testnet for futures/options, for example).

The best strategy right now is to DCA and hodl. Everything else makes no sense during a bull run.

There are plenty of places that teach technical and fundamental analysis but the only way you will really understand is by learning by doing. (just use test money)

Yes, trading is capable to give us quick profits but I also don’t think this is the best strategy right now, but most probably DCA and hodling knowing bitcoin halving and bull run are just around the corner. Instead of risking your money to lose in trading because that’s definitely what will happen to your trades, I suggest you focus more on buying and hodling bitcoin as bitcoin is heading to hit its new all time high after it has break its last ATH.

However, learning by doing is still the best way to learn trading. Experience should be your best teacher, but you should also learn to timing trading so that you can avoid huge losses in an instant.

[Bushdark]

This is a good idea. But first, you need to decide on a trading platform. I have good thoughts on techberry. The first thing that struck me was the ease of use of the platform. Even if you are new to the world of trading, you will easily understand the interface. In addition, they provide an extensive arsenal of educational materials that help you understand the basics of trading and develop as a trader. But the most important thing is reliability and safety. I am confident that my funds are securely protected thanks to advanced encryption technologies and information security.

As traders we need to determine what we are going to trade and how we are going to go about it. Trading is very difficult especially when making financial decisions. We need to make decisions for ourselves if we have to make money from the market because no one will keep telling us how much we have to leverage to trade in the market. We also have to determine the stop lose we are using so in case the market goes against us. We need to know what to do and how to go about decision making.

[goldkingcoiner]

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.

Do not use real money when starting trading because you will definitely lose it. I recommend using a testnet (Deribit testnet for futures/options, for example).

The best strategy right now is to DCA and hodl. Everything else makes no sense during a bull run.

There are plenty of places that teach technical and fundamental analysis but the only way you will really understand is by learning by doing. (just use test money)

Yes, trading is capable to give us quick profits but I also don’t think this is the best strategy right now, but most probably DCA and hodling knowing bitcoin halving and bull run are just around the corner. Instead of risking your money to lose in trading because that’s definitely what will happen to your trades, I suggest you focus more on buying and hodling bitcoin as bitcoin is heading to hit its new all time high after it has break its last ATH.

However, learning by doing is still the best way to learn trading. Experience should be your best teacher, but you should also learn to timing trading so that you can avoid huge losses in an instant.

That is exactly what I said, did you even read my text? Yes, hodling and DCA is the best way right now. In fact, I would even go as far as to say trading is very detrimental during a bull run or a bear run. And for those who do know what they are doing due to the fact that they are not expert traders, it would be better not to trade at all. At least not by using real money. Just sit tight and hodl. Distract yourself with something else if you have to.

[wxa7115]

Another user already recommended Binance academy, I was going to recommend that and also provide a link to it,, but all that have been done by other users.

So, what I have to add is that, $500 is actually too much money to start learning how to trade with, as a beginner, you stand a chance of losing most of your trade and I believe you (@op) don't wanna watch your $500 get drained in the process of learning to trade, I will advice you start learning how to trade with nothing more then $20 to $50 dollars, and as well, look for an exchange that have a demo account ability of feature, start trading On a demo account first, demo account simply means that money used to trade there is not real money, you can learn with that and get perfect at trading before actually investing real money into trading.

Trading is highly risky, always remember this and arm yourself well enough with good trading knowledge, to minimize your chances of loses.

While trading can be highly risky for beginners, hence starting trading with just a small amount that you can afford to lose is highly advisable. Learning trading is never easy, yet with passion and patience to aid you in the process, that will make you less prone to losses. For now, I have to advise demo trading account is the key. Although the real live trading is still a lot different, but every trader started on a scratch should also begin with trading not having real funds.

The biggest flaw of newbie traders is that they are not interested on learning, they want to obtain profits, but they do not want to take the necessary steps which could allow them to reach their goal.

So they try to skip as many steps as possible as to them those steps seem completely unnecessary, only once they keep losing money they will understand why we insisted they took a slow approach to the markets, but by the time they understand this lesson, they have lost so much money that many of them have no option but to give up on their dream to become traders.

[boty]

The biggest flaw of newbie traders is that they are not interested on learning, they want to obtain profits, but they do not want to take the necessary steps which could allow them to reach their goal.

So they try to skip as many steps as possible as to them those steps seem completely unnecessary, only once they keep losing money they will understand why we insisted they took a slow approach to the markets, but by the time they understand this lesson, they have lost so much money that many of them have no option but to give up on their dream to become traders.

Yes, every beginner who goes through this stage of course will not be able to make a profit from the trades they make and if they really want to make a profit from trading, of course they have to be able to learn well about trading so they can make a profit on the trades they make.

If they continue to trade without any knowledge about trading of course they will continue to lose their money on trading and very few can survive to trade without any knowledge and if they are aware of this of course they must have knowledge about trading then they can earn profit from the trades they make and those who cannot learn from the mistakes they make will of course stop trading at a loss.

[Octopus Trader]

If you lack experience in trading and don't trust signals, you can explore copy trading and, if interested, earn passive income by copying my trades.

For those interested, I'm leaving the link to the topic below.

https://bitcointalk.org/index.php?topic=5490627.msg63868185#msg63868185

[iamaruf]

As per my perception, it's not a small amount. I started crypto trading back in 2017, and the amount was less than $100. You should learn trading and don’t put all of your money on a coin. Try to spilt the money. And sell on a low margin; don’t wait for a long time or a big profit. There is a high risk. I am just suggesting you  DYOR

[Zanab247]

Crypto trading is a good skill newbies need to acquire to grow higher in financial aspect, and all you need to do right now is to suspend all those things that is not giving you chances to read some things that related to cryptocurrency.

You can read from here https://github.com/SpiralDevelopment/Awesome-Crypto-Trading to learn a lot of things that related to crypto trading, I believe you will achieve skills that will allow you to be bold to trade your coins by yourself because all the things you need to know about crypto trading are in this link.

I will advise you to achieve the knowledge first before you will use the $5k to test yourself, if what you learn from all those links can allow you trade without someone assist, before you can start using the $5k to  trade.

[jrrsparkles]

Starting trading in your beginning of crypto career is not recommended either, I would suggest you to buy Bitcoin for $500 and meanwhile start learning about trading on the YouTube like platforms and there are also trading courses available on Udemy which can give you brief knowledge but you will learn the real things when you actually starts doing it on your own.

Good luck...

[GbitG]

Starting trading in your beginning of crypto career is not recommended either, I would suggest you to buy Bitcoin for $500 and meanwhile start learning about trading on the YouTube like platforms and there are also trading courses available on Udemy which can give you brief knowledge but you will learn the real things when you actually starts doing it on your own.

Good luck...

In an era where everything is readily available over the internet for free, I wouldn't recommend buying a course that would only teach the basics which a person can learn from free resources with a simple Google search. I know that some people find it easier to learn when they have a mentor who explains everything and makes things simple for them to understand, but if you are getting into a financial market such as this, you will need to start learning to adapt things without a mentor.

YouTube can be a good way for a newbie to start learning, however, they will need to make sure they are not relying on a single channel or a single content creator because you never know, one might be providing incorrect details and information, so it's essential to check through multiple sources.

[Negotiation]

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.

If you are brand new then I would say before starting trading you should know trading well for few months and keep practicing trading. In particular, many platforms offer demo trading so you can practice them, or start trading with a very small amount, such as $10-$20, and keep practicing. To be honest, it is very difficult to get good at trading platform without long practice, one thing but many people don't realize that is why we often face big losses.

[jrrsparkles]

Starting trading in your beginning of crypto career is not recommended either, I would suggest you to buy Bitcoin for $500 and meanwhile start learning about trading on the YouTube like platforms and there are also trading courses available on Udemy which can give you brief knowledge but you will learn the real things when you actually starts doing it on your own.

Good luck...

In an era where everything is readily available over the internet for free, I wouldn't recommend buying a course that would only teach the basics which a person can learn from free resources with a simple Google search. I know that some people find it easier to learn when they have a mentor who explains everything and makes things simple for them to understand, but if you are getting into a financial market such as this, you will need to start learning to adapt things without a mentor.

YouTube can be a good way for a newbie to start learning, however, they will need to make sure they are not relying on a single channel or a single content creator because you never know, one might be providing incorrect details and information, so it's essential to check through multiple sources.

YouTube is filled with lot of misleading information that's why starting the basics via course maybe a better option for everyone but I am not saying that we can't learn from YouTube cause there are really good information available but the proportion of misleading information is abundant so the chances of falling into wrong idea about cryptos can end one's career in the very first move.

[Dewi Aries]

In an era where everything is readily available over the internet for free, I wouldn't recommend buying a course that would only teach the basics which a person can learn from free resources with a simple Google search. I know that some people find it easier to learn when they have a mentor who explains everything and makes things simple for them to understand, but if you are getting into a financial market such as this, you will need to start learning to adapt things without a mentor.

YouTube can be a good way for a newbie to start learning, however, they will need to make sure they are not relying on a single channel or a single content creator because you never know, one might be providing incorrect details and information, so it's essential to check through multiple sources.

YouTube is filled with lot of misleading information that's why starting the basics via course maybe a better option for everyone but I am not saying that we can't learn from YouTube cause there are really good information available but the proportion of misleading information is abundant so the chances of falling into wrong idea about cryptos can end one's career in the very first move.

Yes but not everyone has a good financial situation to be able to pay for courses to professionals which in addition to the cost of the course is not small, this is indeed a good alternative to be able to get really directed knowledge by learning directly from mentors, but sometimes not everyone has the ability to spend extra money as a course fee, which of course most people usually prefer to use the internet as a place to find information about whatever field they want to learn.

As you said one of them might be YouTube, I understand that there are always some influencers or YouTubers who serve something that is not true and we can never avoid it completely because we are a beginner who does not know what is right and what is wrong about something we have to learn, But I think being rational and thinking logically, you can look for some YouTube channels that do have a fairly high trust from the audience and you can also read some reviews there, if for example most of the reviews are positive and helpful then I think it is a place that might be quite appropriate to be your learning mentor.

[Natsuu]

My advice would be to prioritize education over immediate gains.

I agree with this. And if you just want an exposure with the markets and experience trading. You don't need to risk real money. Start on paper trading first. When you have a foundation of how market books price, then you can start with 10 dollars with the smallest leverage possible and work within your psychology. Start thinking long term because trading is a long game.

Don't chase money because the more you chase it the faster it will run away from you. Also, don't follow people on social media who make unrealistic return. You only see winners in there and they hide their losses. Instead focus on your own development. Have a journal. Don't measure yourself against other people success in trading because you have a very different and unique journey.

[Hypnosis00]

My advice would be to prioritize education over immediate gains.

I agree with this. And if you just want an exposure with the markets and experience trading. You don't need to risk real money. Start on paper trading first. When you have a foundation of how market books price, then you can start with 10 dollars with the smallest leverage possible and work within your psychology. Start thinking long term because trading is a long game.

Don't chase money because the more you chase it the faster it will run away from you. Also, don't follow people on social media who make unrealistic return. You only see winners in there and they hide their losses. Instead focus on your own development. Have a journal. Don't measure yourself against other people success in trading because you have a very different and unique journey.

We can have all the learnings as we continue trading because reading books and watching online tutorials are not enough to provide us with good knowledge and aside from that, skills can't be built instantly but it takes time to develop. So Patience is very important in trading and so those who are willing to wait will remain but those who can't will simply move away and find comfort with the other field.

That is only a few traders found good in trading while many are suffering big losses. We can't underestimate the volatility of the market which is why we have to be more careful on our actions and decision-making.

[Volimack]

Before trading you should know about trading if you don't know its basics you will lose money by trading. To know about the charts of the market. If you have no experience it is best to avoid trading during important news releases as there is a high probability that the market will be very volatile at that time. You should also consider learning about basic risk management techniques as they will help you avoid losses.

[Jewan420]

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.

Learning is always best from teachers. Knowledge obtained from the internet will never make you proficient. Crypto trading is very risky business, trading without skill will be foolish and you can lose everything.

You can get advice from this forum, but you can't gain skills or knowledge from here. There are many skilled and experienced people who are more knowledgeable about trading, They can advise you on how to become a skilled trader, but they cannot make you a skilled trader.

In this case, you must approach a skilled trader and learn from him or gather all the trading information.

[ancafe]

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.

It is too risky to be directly involved in trading because if you don't have the right knowledge it can actually result in losses. Some people have advised you to find out how you should learn to understand first before directly trading. But for me the most important thing is that you have to have a mentor who can direct your trading to be better. Learning without a mentor can indeed be done and there are many videos made by people as trading guides, but not everyone understands trading well without involving a reliable mentor.

If you are serious about learning to trade then look for clearer sources or you can find out about trading through skilled people. Practicing trading skills is not easy because you have to be serious about learning first before directly trading with limited knowledge. So be careful in trading when you don't understand how to do it correctly.

[Finestream]

Starting trading in your beginning of crypto career is not recommended either, I would suggest you to buy Bitcoin for $500 and meanwhile start learning about trading on the YouTube like platforms and there are also trading courses available on Udemy which can give you brief knowledge but you will learn the real things when you actually starts doing it on your own.

Good luck...

Trading is more risky for a beginner in crypto. Instead, I will suggest you to start buying and hodling with a minimal amount. That will be more fit for you, as it’s less risky and less stressful. And as you go on learning the basics in investing bitcoin, slowly you will start to grasp the idea about trading with bitcoin. Don’t rush into trading, just take your time learning first all the basics and observe how those successful traders succeed in the market despite of its volatility and uncertainty. I know there’s always a perfect time to trade, that is when you get sufficient knowledge and skills with bitcoin prior to trading.

[$weetne$$]

Before trading you should know about trading if you don't know its basics you will lose money by trading. To know about the charts of the market. If you have no experience it is best to avoid trading during important news releases as there is a high probability that the market will be very volatile at that time. You should also consider learning about basic risk management techniques as they will help you avoid losses.

Bitcoin had a quick crash to $59,600 because of the news from the ongoing war but it had recovered and now trading at $64,150. Beginners that do not know how to confirm if a crash will continue going down or it will recover would had sold and those that did not buy would had missed the opportunity to make some profits. If you don't know how to analyze the market yet, do not start trading or you will always lose because the cryptocurrency market is very manipulated and highly volatile. Manipulation is what is making the price of Bitcoin to mostly stay unstable. There are times when there's no news either bad or good to affect the market but yet you will still see the price being volatile and that is when big whales are manipulating the market to make big gains. Therefore wait until you can be able to understand the market before starting to trade.

[Natsuu]

Before trading you should know about trading if you don't know its basics you will lose money by trading. To know about the charts of the market. If you have no experience it is best to avoid trading during important news releases as there is a high probability that the market will be very volatile at that time. You should also consider learning about basic risk management techniques as they will help you avoid losses.

Yes basic knowledge and understanding how the market works is the number one essential in trading. Otherwise you are just gambling your money in every investment or trading decisions you make. After that have a partner or a mentor to speed up your process not because you need a 100% win rate of strategy but you need a circle where you allow yourself to grow with mentally, psychology, and by measuring risks.

You cannot skip the process. You need to get through the ups and downs of trading and be resilience with it.

[Sebas.tian]

You have saved $500 and you must have some important reason behind this saving. You may have saved $500 with the plan that when you save $500 you will start trading with that $500. $500 is enough to start but before starting you need to study enough about trading. Then since you are a student you have to manage this trading along with your studies. What time you are free and what time trading will not affect your studies badly you take that time. You can take out the remaining time and study about trading during that time and then you can trade during that time. However, in the case of trading, there are some basic things to know.

I don't think, $500 is a small capital compared to amount of capital I used to start my trading some years ago and it has make my plan to come to reality, because it has exposed me to so many things that made me not to miss any opportunity in every bullish market, which is the best market traders use to accumulate income. Be a student or entrepreneur, if you have the knowledge about cryptocurrency trading and you believe that you can use this capital to generate huge amount of income that will make you to create other businesses you have for mind to create, I think you will definitely achieve them from this capital but it will not going to be one day or one year. I know many students who is using cryptocurrency trading to sponsor themselves in the school, because they have time for trading and school and they are enjoying their trading.

[MiF]

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.

It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.

[CageMabok]

It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.

In general, trading has become an activity for many people nowadays and in any condition, but if trading in the crypto market, of course there must be special education that we seek ourselves through any social media so that we can be well directed when we want to try it. Because when we know the risks in trading on the crypto market, of course we will not do anything in a hurry or delay doing it for a moment before we get the right instructions for it. And this is also part of the process that every trader must go through if they want to become more successful through their trading.

[justdimin]

It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.

In general, trading has become an activity for many people nowadays and in any condition, but if trading in the crypto market, of course there must be special education that we seek ourselves through any social media so that we can be well directed when we want to try it. Because when we know the risks in trading on the crypto market, of course we will not do anything in a hurry or delay doing it for a moment before we get the right instructions for it. And this is also part of the process that every trader must go through if they want to become more successful through their trading.

We could basically say that people are actually seeing it something as a hobby. I mean think about it, what do we not spend hundred bucks on? There are a lot of people who spend a lot of money on a lot of things and what we do right now is that we just take it and use that money as a hobby and if we do end up making more money than we end up trading even more and consider that as something awesome, if we do end up losing then that is like 2-3 nights out with friends, or a cheap shoe price to be fair.

This is why a lot of people got into bitcoin and trading, they realized that there isn't really a big downside. Obviously there are also a lot of people who end up with a lot of money and put all of that at leverage or something and lose a lot of their hard earned money, that is definitely troublesome and I believe that it is not easy to recover from that, but that is for all the people who consider that as a business, I am talking about hobbyist traders, we have millions of that.

[Bushdark]

The only way one could gain or become expertise in trading is by trading and using a good strategies that would yield goodnight come.
We need to be wise and do things in a way that would helpful to make money in the market especially learning more to better in tradimga ma analysing the cryptocurrency market. Sometimes the fundamentals of trading is very important for us to make money without going too hard or taking more efforts to make money.

[lixer]

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.

It is risky to start trading specially when you didn't even know where to start, but you need to begin because if you will not start you will never know how to trade. So i suggest to do research on YouTube even in google and get some idea from expert trader or if you have a friend who knows how to trade you can do it with thier guidance, and to avoid big lose start trading with a money that you can afford to lose don't rush to earn everything needs time.

Why begin when you don't even know where to start? On one hand, you are saying that it is risky, and then you are saying one should begin even if they don't know anything at all only to increase the risks involved because one would lose money if they start trading when they don't know anything.

So, the first step for someone getting into trading should be to learn about trading and the market in general so that when they start trading, they know and understand everything and don't make reckless trades and lose their money.

They should even test their skills and knowledge using demo accounts before they start making trades with actual money.

[B2Z]

You need to have a good understanding of the trade before you trade. If you don't have enough knowledge about the trade, then you won't get much success. Before you trade, you must have a plan. It is very hasty to invest, so long-term planning must be done in trade. In trading, if we can trade with patience and long-term plan after checking the market, we can definitely get great success through this trade.

[GeorgeJohn]

You have saved $500 and you must have some important reason behind this saving. You may have saved $500 with the plan that when you save $500 you will start trading with that $500. $500 is enough to start but before starting you need to study enough about trading. Then since you are a student you have to manage this trading along with your studies. What time you are free and what time trading will not affect your studies badly you take that time. You can take out the remaining time and study about trading during that time and then you can trade during that time. However, in the case of trading, there are some basic things to know.

as a student you don't need to venture into trading because trading needs a concentration and as a student you also need a concentration and if you lack a concentration in your studies that will  make you not to make an excellent result in your studies and if you lack concentration in your trading school you will not know the scopes of trading, so this is the things that is involve in trading, as a student you have a work load when you carry out the two activities at same time, so my own advice is that we don't needs carry two functions at a time.

[Russlenat]

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.

If you are brand new then I would say before starting trading you should know trading well for few months and keep practicing trading. In particular, many platforms offer demo trading so you can practice them, or start trading with a very small amount, such as $10-$20, and keep practicing. To be honest, it is very difficult to get good at trading platform without long practice, one thing but many people don't realize that is why we often face big losses.

To be honest, one should not rush into trading without learning the basics first. Trading is more risky than mere investing, so if you jump into trading without acquiring knowledge and even doing some demo trading, expect that you will get doomed in your live trading and all your time and money will only go into waste. This is the reason why we should not trade unless we are ready and capable enough mentally and emotionally.