Need help trading.

[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.

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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.