Need help trading.

[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.