Need help trading.

[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.

[Mehedi72]

Op i think $500 good amount for beginners but i don't suggest risking your fund in trading cause trading is so uncertain and unpredictable. And spot might be okey but don't go to other trading like future trading, copy trading until you gain the proper knowledge and skills about trading. Besides don't buy paid signals. Nothing is 100% guaranteed. Rather you might be get scam and also loss in trading by following their signal. There are no lack of Learning source. Search on YouTube and Google, analysis yourself. Then you'll understand what to do. But don't go immediate action after watching any trading video

[Essential10]

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.

Of course, one must have a proper understanding of the trade before trading. When I talk about trade I am reminded of a saying "A little knowledge is very dangerous". Most of the new traders I have seen jump into the trading industry with very little knowledge. Maybe at first they trade two-one trade success feels great, but from then on his real downfall begins. Due to lack of experience, proper analysis, at some point they lose all their money. Trading cannot be learned quickly, you must learn about trading with a lot of analysis, time and patience. Once you can master these in yourself then you will start to get success.

[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.

The amount of $500  is a large amount to start trading. but if you don't have an idea about trading and you want to immediately use it to invest in crypto, you will put your $500  that you started OP at a bit of a risk.

Now, if you can't stop yourself, it's better to invest it in Bitcoin first or other top altcoins like Bnb, Eth, Tao, Sol, and others, as long as it's in the top 10 while you study trading first. Don't do it first; do day trading instead of long-term holding first.

[Natsuu]

how long it will take me to get the hang of the complete trading technique. Links are greatly appreciated.

Don't do it first; do day trading instead of long-term holding first.

It would take you so much time as possible until you are ready. And in order for you to easily and read the market faster, it is a good advice to learn in lower time frame and trade the intraday trading. Because in that time frame, candles are way faster, price action can be identified way easier. So the phase of learning can be shorten. Once you grasp the technical analysis, then you master yourself with dealing your psychology. Trading is an infinite rabbit hole. And the only success you can have is to have a goal to improve daily. While learning, instead of sitting your $500 somewhere, you can also just buy and hold some crypto in the midst of your learning.

[bitpunkzy]

margin trading without knowledge is a crypto casino and a path to loss, you can simply spend it in knowledge or spot for example...

[Yamifoud]

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.

Indeed, it is necessary to take some time to decide and think if we are about to pursue trading or not. In fact, this is not the only option to earn money in the crypto market as we can choose to be a holder if we can't handle high-risk. It is to be noted that even if we can possibly earn huge in trading but we can't assure also that it will happen every day.

It is not just we learn the basics but also, it needs determination and focus. The situation is totally different when you are in actual trade and when you are on your own. So, therefore, we don't have to do this if we are not totally prepared or else, we are putting at very high-risk.

[terrific]

margin trading without knowledge is a crypto casino and a path to loss, you can simply spend it in knowledge or spot for example...

Yes, leveraging is a gamble when you don't know what you're doing. Those that have been doing it without idea what it is literally like to gamble big.
But those experiences that they have are the ones they're capitalizing on so that they're going to learn it in the long run. Yet, they're the ones to determine if it's a good way to trade or not. If not, stay to the spots.

[Mame89]

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.

Yes that's right. Patience, mental and emotional are very important to apply in trading. Without these three things, we will easily panic and rush, resulting in failure in trading. You also need to know that learning trading for beginners is not an easy matter because there are many things or aspects that we need to pay attention to. Starting from choosing the best crypto to trade to studying support and resistance so you can make a profit.

There are many things that must be learned for a beginner, not only understanding the terms in trading but also having to understand technical analysis which is mandatory. Moreover, learning crypto trading for beginners is very vulnerable to experiencing losses. So using a demo account as a learning tool is very important and starting trading with small capital first because you need to pay attention to this to learn risk management. In essence, learning to trade is never-ending, every trade is knowledge that must be learned.

[senyorito123]

~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.

There's several situations that you should learn first from trading, and one of the best part before trading is emotion control. For most experiences from an expert trader, that's they're common struggles as they started becoming one of the best. However, that still depends on how courageous you are to face that scenario.

Many ways of trading, it can be with crypto, stocks or forex, however here in cryptocurrency volatility of the market will be the most heartbreaking once you see your assets started declining it's price totally. So as you go further, doing the best research and practice will be most efficient.