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Author Topic: Quick way to learn bitcoin trading  (Read 967 times)
Bananington
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March 27, 2024, 02:47:59 PM
 #61

Unlike anything we learn for the first time, trading has basics on which it operates and the first step is often to gather enough PDF materials for reading online and offline as well as watching or subscription to a YouTube channel that teaches beginners trading.
Other social media platforms may have tutors, but you got to hit the search button and type in your key word before you find similar interests.

Overtime, you would be bold enough to engage in simpler trading processes like swapping coin for another, spot trading, future trading, leverage,  and one thing is that many exchanges now like Bitget, use bots and AI tech to make trading more swift and seamless for both beginners and expert traders.
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March 27, 2024, 05:26:19 PM
 #62

Im not professional like others, this is my path in taking trading, what are the trading candles suitable with your preferences, there's a different candles with different uses its up to you now which one is you think could help a lot with your trading, next is use the market chart make familiar with the feature of the trading platform you are using with, after with this i tried to analyze different trading patterns even just the basics so I know what are the next possible price movement. If there's an assurance with the help of the indicators this gives you an additional hint if the position you are seeing is good or not, you can practice in paper trading like in trading view with your newly acquired knowledge.

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March 27, 2024, 05:37:56 PM
 #63

Hi is there a quick free beginner course to learn crypto trading anyone can recommend? (no scam we`ll make you money if you give us money links please)

I have a financial background so its not completely alien to me just looking for something to get started

Not sure replied before or not, but still here is a short glimpse of what I think about it,

Learning solely about the Bitcoin pair for trading in the crypto market is not sufficient, as on different time frames Bitcoin consolidates, and there's always the need for other specific pairs to trade for profit. Although most of the market pairs move with Bitcoin and ETH still we cant ignore the other currencies trading potential.

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March 27, 2024, 05:48:51 PM
 #64

The funny thing is, I see many of my friends kept saying Bitcoin is a scam for years and maintained their view from 2014 until 2019. Then, when Bitcoin reached its ATH, they experienced super FOMO and bought it without any knowledge about crypto because they were so vehemently against it. But then, when the Bitcoin price suddenly dropped, they reverted back to being anti-crypto people. Lol, it makes me think why they don't accept that they need to learn about crypto carefully first.

You will find such people very often in the world, they would oppose something all the time when they are not supposed to do that, and then when they see that thing gaining a lot of success and attention, they start supporting it but if it faces a temporary decline, they start opposing it again. People have been doing this with Bitcoin for a very long time, even when Bitcoin was priced very low, they never supported or adopted it, and they realize their mistakes now.

Those who thought Bitcoin is useless and it is going to end when it crashed from $69k to $16k are now regretting why they didn't think positive and bought Bitcoin when it dropped so significantly, they could earn a lot of profit if they did that but unfortunately, their ego was bigger and more important for them.

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March 27, 2024, 06:37:21 PM
 #65

The funny thing is, I see many of my friends kept saying Bitcoin is a scam for years and maintained their view from 2014 until 2019. Then, when Bitcoin reached its ATH, they experienced super FOMO and bought it without any knowledge about crypto because they were so vehemently against it. But then, when the Bitcoin price suddenly dropped, they reverted back to being anti-crypto people. Lol, it makes me think why they don't accept that they need to learn about crypto carefully first.

You will find such people very often in the world, they would oppose something all the time when they are not supposed to do that, and then when they see that thing gaining a lot of success and attention, they start supporting it but if it faces a temporary decline, they start opposing it again. People have been doing this with Bitcoin for a very long time, even when Bitcoin was priced very low, they never supported or adopted it, and they realize their mistakes now.

Those who thought Bitcoin is useless and it is going to end when it crashed from $69k to $16k are now regretting why they didn't think positive and bought Bitcoin when it dropped so significantly, they could earn a lot of profit if they did that but unfortunately, their ego was bigger and more important for them.
A very normal human being behavior on which you would really be going into the flow on where most people would really be believing into. If you have seen some positive results then you would really be tending to dive in but on the time that you would really be experiencing problems then this is where you would really be making yourself that ended up on having doubts or even blaming up someone just because you have lost money.
Yes, this is something that we cant really be able to control nor be able to predict on where it would be heading. For those who had been able to believe into those earlier years then even just simply holding will really be bringing out that fortune but of course now that the prices are on the peak then holding is a bit useless i would say and this is why people would really be opting out on trading it actively since they do know
that they could really be able to play up with the volatility, but of course this isnt something that anyone could easily pull off.

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March 27, 2024, 10:31:28 PM
 #66

The funny thing is, I see many of my friends kept saying Bitcoin is a scam for years and maintained their view from 2014 until 2019. Then, when Bitcoin reached its ATH, they experienced super FOMO and bought it without any knowledge about crypto because they were so vehemently against it. But then, when the Bitcoin price suddenly dropped, they reverted back to being anti-crypto people. Lol, it makes me think why they don't accept that they need to learn about crypto carefully first.

You will find such people very often in the world, they would oppose something all the time when they are not supposed to do that, and then when they see that thing gaining a lot of success and attention, they start supporting it but if it faces a temporary decline, they start opposing it again. People have been doing this with Bitcoin for a very long time, even when Bitcoin was priced very low, they never supported or adopted it, and they realize their mistakes now.

Those who thought Bitcoin is useless and it is going to end when it crashed from $69k to $16k are now regretting why they didn't think positive and bought Bitcoin when it dropped so significantly, they could earn a lot of profit if they did that but unfortunately, their ego was bigger and more important for them.
This is not surprising anymore. Majority are still hesitant when it comes to bitcoin, it’s like they come to appreciate it when the price is high and eventually dump it when the price declines. That only proves that their lack of knowledge and experience with bitcoin makes them responsible of their own actions. In the end, they will only gain nothing but regrets while seeing those who have made excellent profits with bitcoin because of their patience and determination to keep investing in bitcoin despite of such unpredictable price.

R


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March 27, 2024, 10:38:07 PM
 #67

Learning even outside crypto takes time. Please don't think that someone can learn trading quickly without the background of trading in other markets.

Those people that have traded before and has been in some other markets can be said to be quick learners because they have the idea on how the market works and have learned strategies on how they can profit from it.

But if a total beginner and came from nothing, it's best to learn it through slow walkthrough.
I believe that the principle of trading that is spot trading to be more specific is just as simple as any other economic principle there's no need to be so over complex that it confuses people but i do agree if we are talking about futures and features that an exchange might be having if we don't carefully learn about the feature we might lose money silly.
in most of exchange though fortunately they always give guidance towards their platform user interface and also giving some free tutorials so that their customers can learn, therefore it only requires to go through certain documentation about trading and derivative then its already sufficient.
if we want to get into more complex scenario though its might be worth learning about trading as a whole, reading about economic principle behind trading might help a lot in some cases.
Yeah, it's not complex at all. Because when we understand how it goes, you just have to sell at high and buy them when they're cheap.

That's it, but most exchanges today have other markets to offer and they're not just all about spot.

So, if you're going to learn them, you need to dedicate time and effort on it because they're too complex and complicated.
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March 28, 2024, 04:01:38 AM
 #68

Generally bitcoin trading is simple way buy or invest during have lower price and selling later after price pumping, requirement with mentality before trading in bitcoin because not all trader mindset on pleasure when losing position and most of them panic for selling on lower price. I think make more research and analyze before trading and always braveness for using feature of stop loss how to minimize risk in trading, I am not an expert in trading but have braveness its important thing when investing in bitcoin or altcoin.
Some trader lack mentality after make researching and analyze but scare for entry on lower price and prefer waiting for more lower price, make your self always update with new information about bitcoin and looking for any bad or good news for buying and selling bitcoin. Its important thing in trading and know well right time for selling or investing.

R


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March 28, 2024, 07:58:36 AM
 #69

Generally bitcoin trading is simple way buy or invest during have lower price and selling later after price pumping, requirement with mentality before trading in bitcoin because not all trader mindset on pleasure when losing position and most of them panic for selling on lower price
Trading and investing are different and not the same.

Investors have their investing mindset and traders have their trading mindset that determine what they will do with their money in a same market.

I don't expect to see a trader and an investor will do the same in a long time like months and years. Because with different mindset, different risk acceptance, different capital management, they will take different actions in a same market.

Traders are more sensitive with market movements, news, fud and they are more vulnerable to psychological effects and will make their trading orders with more fear, panic and uncertainty.

Investors have less risk factors and they can have less stressful investment life than traders with up and down trading life.
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March 28, 2024, 03:59:11 PM
 #70

Never look for a short cut way to trade or make a profit from trading because a short cut way will never be good for your trading and profit from trading. The steps to success are difficult and those difficult steps need to be overcome with a lot of hard work. When you go from a single-story building to a two-story building, you have to climb the stairs in stages, but you cannot go from the bottom step to the top step. 

Those of us who are looking for short cuts must give utmost importance to how to trade properly and how to gain proper understanding of trading without looking for short cuts. If we are looking for short cut way then we will not know many common things which will cause us lot of loss after trading.

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March 28, 2024, 04:19:10 PM
 #71

Hi is there a quick free beginner course to learn crypto trading anyone can recommend? (no scam we`ll make you money if you give us money links please)
If I can be honest with the OP, on the internet, social media there are a series of courses under the guise of crypto trading that we can see, experience, at first it goes smoothly and they give a good and honest impression and at the end of the story they slowly lead to fraud, For that reason, for me personally there are no links/links that can be held accountable to anyone in carrying out crypto trading, be careful.

My advice, look for someone or a place where they teach how to trade crypto in the real world, that you can visit to learn, this way it will be easier for you to avoid all fraudulent acts, learn how to trade crypto from experts around you or that you know, it's better than the link you asked for, remember crypto trading is high risk, so you have to be careful and careful with the money you trade.

R


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March 28, 2024, 04:42:14 PM
 #72

Hi is there a quick free beginner course to learn crypto trading anyone can recommend? (no scam we`ll make you money if you give us money links please)

I have a financial background so its not completely alien to me just looking for something to get started

There's a lot of strategy you can learn online trading crypto. You can search the following on YT:

Inner Circle Trading
Rewired Trading
Wickoff Theory
Supply and Demand
PA Trading

Those are just example strategy. Find what suits your interests. Learn it for a month and practice in demo before using real money. If you want to speed up your process, then do your own research and find profitable traders at least those who have +10 years. Ask them to mentor you. Just make sure that they are not fraud. Trading is a long journey, once you started you cannot escape. It's a long rabbit hole down there.

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March 28, 2024, 05:07:01 PM
 #73

Hi is there a quick free beginner course to learn crypto trading anyone can recommend? (no scam we`ll make you money if you give us money links please)

I have a financial background so its not completely alien to me just looking for something to get started
On YouTube, there are actually quite a lot of videos circulating that teach us theoretically about crypto or bitcoin trading. We just need to study and understand it while we practice with the capital that we are prepared to learn. Small capital or cold money capital. Because studying trading also requires direct practice in the market which builds direct experience for us so that it is easier to understand the theory that is being studied. Avoid paid classes or anything like that in the beginning. Because I have tried many paid classes in the past and most of them are ordinary people who just share simple theories that we can actually get for free on YouTube or on blogs spread across Google. Trading is quite complex in practice but quite simple in theory. The most important thing is that we start by studying technical and fundamental analysis. After that, move on to financial and risk management, emotional management and then sentimental analysis.

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March 28, 2024, 05:30:29 PM
 #74

Hi is there a quick free beginner course to learn crypto trading anyone can recommend? (no scam we`ll make you money if you give us money links please)

I have a financial background so its not completely alien to me just looking for something to get started
On YouTube, there are actually quite a lot of videos circulating that teach us theoretically about crypto or bitcoin trading. We just need to study and understand it while we practice with the capital that we are prepared to learn. Small capital or cold money capital. Because studying trading also requires direct practice in the market which builds direct experience for us so that it is easier to understand the theory that is being studied. Avoid paid classes or anything like that in the beginning. Because I have tried many paid classes in the past and most of them are ordinary people who just share simple theories that we can actually get for free on YouTube or on blogs spread across Google. Trading is quite complex in practice but quite simple in theory. The most important thing is that we start by studying technical and fundamental analysis. After that, move on to financial and risk management, emotional management and then sentimental analysis.
There are indeed tons and it would really be just that depending on you on how you would really be that making yourself that trying out to learn those things and would really be applying into your own trades.
Sometimes it is really on someone the main problem on why they dont really have any progress because they are really just that too lazy on learning up things on which its already that available and could really be seen. Its up to you whether you would really be that applying into yourself and would really be having that kind of approach on which trying out to apply as long it do works.

Speaking about learning bitcoin trading or trading generally then there's no shortcut to this and its not really that recommended that you would really be making yourself that too in a rush
on learning it because its not something a skill that you could really be able to learn up overtime or something that you could really be able to have a good grasps into it. It would
really be taking up some time and effort before it would be happening.

R


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March 28, 2024, 06:11:10 PM
 #75

On YouTube, there are actually quite a lot of videos circulating that teach us theoretically about crypto or bitcoin trading. We just need to study and understand it while we practice with the capital that we are prepared to learn. Small capital or cold money capital. Because studying trading also requires direct practice in the market which builds direct experience for us so that it is easier to understand the theory that is being studied. Avoid paid classes or anything like that in the beginning. Because I have tried many paid classes in the past and most of them are ordinary people who just share simple theories that we can actually get for free on YouTube or on blogs spread across Google. Trading is quite complex in practice but quite simple in theory. The most important thing is that we start by studying technical and fundamental analysis. After that, move on to financial and risk management, emotional management and then sentimental analysis.
There are indeed tons and it would really be just that depending on you on how you would really be that making yourself that trying out to learn those things and would really be applying into your own trades.
Sometimes it is really on someone the main problem on why they dont really have any progress because they are really just that too lazy on learning up things on which its already that available and could really be seen. Its up to you whether you would really be that applying into yourself and would really be having that kind of approach on which trying out to apply as long it do works.

Speaking about learning bitcoin trading or trading generally then there's no shortcut to this and its not really that recommended that you would really be making yourself that too in a rush
on learning it because its not something a skill that you could really be able to learn up overtime or something that you could really be able to have a good grasps into it. It would
really be taking up some time and effort before it would be happening.
I very much agree with your opinion. Because basically there is no instant way to become a reliable trader or become a pro trader. It takes a lot of time and dedication to study and understand the crypto market and the strategies that must be used to deal with the market.
And for those who feel lazy and are not serious about studying it, they will experience a slower process in becoming a pro trader. So it's all about how we are more serious and how we can dedicate ourselves more to learning everything. And even when we understand all the theories, another obstacle that will arise is experience in the market which will form a strength of emotional control in trading activities. (psychology in trading)

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March 28, 2024, 08:59:53 PM
 #76

It would help if you had decided by now OP or given updates or some progress about this thread. A lot of members have already posted their opinions. Can you update what you did for this one?

What do you mean by money links? That's suspicious. Shocked  YouTube has a lot of beginner friendly courses.

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April 01, 2024, 09:44:53 AM
 #77

Unlike anything we learn for the first time, trading has basics on which it operates and the first step is often to gather enough PDF materials for reading online and offline as well as watching or subscription to a YouTube channel that teaches beginners trading.
Other social media platforms may have tutors, but you got to hit the search button and type in your key word before you find similar interests.

Overtime, you would be bold enough to engage in simpler trading processes like swapping coin for another, spot trading, future trading, leverage,  and one thing is that many exchanges now like Bitget, use bots and AI tech to make trading more swift and seamless for both beginners and expert traders.
I do agree that if you research enough then you are going to find books worth of material no matter where you look, but the problem is that it's hard to realize which ones are good and which ones are not. I get that you may think someone is very good, but how would they know, they are total strangers to you and that person so they do not know if it is actually good or if we are lying. This is why while having a lot of resources is good, it has a downside that you do not know which one to use.

I personally have a favourite youtuber that I follow, and he teaches stuff and so far all of his teachings helped me, but if I told who he is, maybe there would be even arguments over if he is good or not, I know he is, but why would I want to defend him.

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April 01, 2024, 11:35:08 AM
 #78

Hi is there a quick free beginner course to learn crypto trading anyone can recommend? (no scam we`ll make you money if you give us money links please)

I have a financial background so its not completely alien to me just looking for something to get started
The question is why do you want it quick? Trading is not what you rush to make profit quick , if you plan to learn trading so quick to make earnings from it, you will definitely going to lose lot of money. Trading is very risky,  thier is no need for you trying to rush it, instead take your time learn it very well so that as you put in your money it is not going to lose excessively in the market.  Their is no shortcut or quick means of learning trading. Trading is a gradual process , and if you don't have patience to learn you will definitely gong to lose big in trading .
Beginners have always seen trading as something that they can learn quick and starts earning from it, this mindset about trading is wrong .Trading must be  properly understood before anyone goes into it because constant lose in trading is always terrible.

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April 01, 2024, 03:43:22 PM
 #79

Trading has more to do with practice than just theory.
You're right. The practical aspect is what qualifies one as a trader and not the salesmanship which is the theory. Patience, together with set skills, is a major thing that makes one profitable in trading. It's a very big key to success. Professional traders know they've to wait for trades to come to them and not chase trades, otherwise they get burnt.

On having demo accounts for practice, it's a good thing. However, I rather also that the person practicing with a demo account opened and funded a live account alongside it. It's better to have a feel of the real thing while also demo trading. Use the smallest lotsize to test run strategies and trading plans until one gets a hang of it or close to it. Doing that helps build confidence level.

Before you boast of your material acquisition, take a stroll to a morgue and there you will find those who were once better than you're. Only fools think they've it all. Stay humble 🤔
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April 01, 2024, 09:59:39 PM
 #80

The question is why do you want it quick? Trading is not what you rush to make profit quick , if you plan to learn trading so quick to make earnings from it, you will definitely going to lose lot of money. ..

It is the dream of any beginner to come to the cryptocurrency exchange and earn a big profit. Trading seems so simple, because everyone has basic knowledge of mathematics that allows you to count money.

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