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Gregur (OP)
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July 27, 2024, 09:32:08 PM
 #1

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.
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July 27, 2024, 09:38:22 PM
 #2

You should try and check out this trading discussion board

You will really need a lot of classes and paying attention before you can be able to start making earnings, which can take you off from your parent house.
 
Just take your time, don’t rush, and I will advise that when you are ready to start, you should start by learning with brokers that will offer you demo accounts to practice with in order for you not to burn out your capital before you even get started.
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July 27, 2024, 09:46:57 PM
 #3

Move topic to trading discussion board. Trading is not easy and if you plan on moving out of your parents house in the next 6 months with the profits you made off of trading, then I will advise you to find another things to do because it is not going to be possible for a complete noob like you. Do not take this as a discouragement but look at it realistically, it will take time say a year or two before you make any actually profit from trading. You have to begin from learning about trading fundamentals and a simple google search or even YouTube can help you out. The fundamentals will slowly introduce you to the seemingly complicated stuff.


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July 27, 2024, 11:12:34 PM
 #4

You can try to check out the curated resources from: https://github.com/SpiralDevelopment/Awesome-Crypto-Trading

I do agree with the posters above though. It's important to know trading ain't a get rich quick. In fact, it can be very risky esp if you're new and still trying to grasp things, even experienced traders suffer from loss as well hence the importance of risk management. There's always a chance of getting burned which would further hamper you from your goal esp if you're in a hurry.

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July 27, 2024, 11:32:48 PM
 #5

It can indeed be overwhelming at first with all the jargon and complex charts. Learn the basic trading concepts. Understand how pairs like BTC/USD or ETH/BTC work. Learn about market orders, limit orders, and stop orders and the candlestick charts that show price movements over time. Look for patterns and trends. Many trading platforms offer demo accounts where you can practice trading without risking real money, this is a great way to get comfortable with the mechanics of trading.

Trading is a skill that takes time to develop, so be patient with yourself. Good luck, and happy trading!

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July 28, 2024, 01:18:46 AM
 #6

I'm not discounting what great traders can do, but as far as my personal experience and the experiences of the people I know are concerned, trading will bring somebody staying away from his/her parents home. To somebody staying with his/her parents, trading would make that stay even longer, indefinitely. LOL!

Anyway, know how to read graphs, study trading patterns, master charting, try demo trading accounts to make you feel how it is in reality, and so on. But know that timing the market isn't easy. If you think that trading will give you independence, I'm afraid you'll be challenged.

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July 28, 2024, 01:25:53 AM
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 #7

Okay. So you live with your parents and you want to trade to leave home. So you must have very little capital. I regret to inform you that what will happen is that you will lose the little capital you have. You will probably start with a demo account and get excited but when you start with real money as you will need too high returns to get what you want you will lose the little you have. And don't even think about adding leverage, otherwise you will be wiped out even faster.

To somebody staying with his/her parents, trading would make that stay even longer, indefinitely. LOL!

The OP better get a real job.

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July 28, 2024, 11:19:32 AM
 #8

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie?

Trading isn't some one-time thing that you do after watching some guides and tutorials and start earning money from it, it's a continuous process that keeps changing over time and you need knowledge for it, and not just information.  Smiley
The point is, you can't become a full-fledged trader from being a complete beginner in a short time and hope that you will earn a lot of money from it unless you are lucky and you make an investment in a shit coin. It skyrockets, but that doesn't happen to everyone, so don't waste your money that way.

i really want to get out of my parents house lol , help will be appreciated.

Things are not as easy as you may think they are. Even if you manage to get out of your parent's house, you won't be able to manage everything on your own as long as you don't have a stable source of income. Trading can't be a stable source of income for everyone, not until they master it and have a large capital to throw at it and can afford the losses.

So, before you make a decision and regret it later, think it through, and do that after doing some research about trading in general and cryptocurrencies, their market behaviors, profit and loss scenarios, and anything else that may matter.

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July 28, 2024, 04:09:07 PM
 #9

Move topic to trading discussion board. Trading is not easy and if you plan on moving out of your parents house in the next 6 months with the profits you made off of trading, then I will advise you to find another things to do because it is not going to be possible for a complete noob like you. Do not take this as a discouragement but look at it realistically, it will take time say a year or two before you make any actually profit from trading. You have to begin from learning about trading fundamentals and a simple google search or even YouTube can help you out. The fundamentals will slowly introduce you to the seemingly complicated stuff.

Everyone always seeking quick profit and think crypto is the way out, i like the way you have replied him and made it known to him that this is not something you expect easy returns from and trying to ignore the risk brain in trading will never end well especially for a beginner who barely knows much.

Trading is not a very easy thing i will advise a newbie to start, firstly there is a lot to learn which could take months so there is no rushing things else you may end up losing so much and setting a time frame for yourself is good but not in the case of trading, newbies should rather try out investing while learning the trading fundamentals.

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July 28, 2024, 04:31:59 PM
 #10

You go to the trading discussion board of this forum, you will get all the answers you need there. All kinds of trading related talks are there, you can go there and freely tell everyone about your problems, then everyone will try to help you properly.
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July 28, 2024, 06:17:52 PM
 #11

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.
So, how will you feel if you get losses instead and you become unable to leave your parent's house, will you get discouraged to continue with your trades? It is good that you are already making efforts to learn trading better but I just want you to expect anything from trading. Profits may come in immediately and they may not come in immediately. You need to be patient so you don't spoil your trades in a haste. I just hope you learn about all these when you finally get a complete guide on how to trade.

For now, pay attention to the trading board of this forum where you learn from the experiences of professional traders in the forum. Ask questions where neccessary. Get a job while you learn so you'll be able to sustain yourself when you eventually start trading.

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July 28, 2024, 11:25:41 PM
 #12

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie..
Try to learn trading terminologies first. Don't create trading account first on any platform mentioned or being recommended from the articles you are reading. Try to learn them first. Also, are you in legal age already with IDs (Driver, Passport, National) because this documents are required for you to open an account.
There are demo accounts available online on how to trade so you can try it after learning on the terminologies, and basic trading.

If you have particular questions about trading, go to trading dicussion as recommended above for you to get answers.

[1] https://www.investopedia.com/articles/trading/06/daytradingretail.asp
[2] https://www.ig.com/en/cryptocurrency-trading/how-to-trade-cryptocurrency

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July 28, 2024, 11:35:50 PM
 #13

Usually, I don’t get in the way of this kind of post because, it’s only natural that people come in here from time to time and would see a need to be shown a path.
While I might take concern on this one is because, there isn’t any particular need to create this thread, given that there are a couple of them, about 3 by my count, right on this first page of the B&H board as it is.

What stops you from opening either of them and just run through what is already provided there… it doesn’t make a lot of sense, creating a new thread just to say the same regular thing like, am new here. That’s not how we roll here.

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.PLAY NOW.
[/ta
nakamura12
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July 28, 2024, 11:36:55 PM
 #14

Since you are a beginner in trading then you should study more first before you actually start trading. Trading discussion board would help you learn more about trading. Trading isn't easy that's why you have to learn first. There's also trading terms that you need to learn and there are demo trading that you can use if you know what I mean or you may have seen from an video ads. You should get a job and you should have more than one source of income.

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SilverCryptoBullet
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July 29, 2024, 02:50:58 AM
 #15

Hello , i want to become a trader but iam a total begginer
As a beginner, wanting to become a trader is risky. You will have risk of loss of your capital by trading. You need to learn about Bitcoin, blockchain, basics of wallets, storage, transactions to avoid losing your bitcoin by inappropriate storage, transactions.

Then you can continue with investment, not with trading because as said, trading contains bigger risk than investment.

How to invest in Bitcoin?
There are many methods but DCA is good to use for newbies.
https://dcabtc.com/
Work, get money, use it to DCA bitcoin with time.
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July 29, 2024, 10:21:07 AM
 #16

Any wish can be fulfilled, but you, OP, as you can easily guess, are in a hurry. I am not a trader; I will not dissuade you or, on the contrary, agitate you, but I will simply say that if you cannot step by step learn all the incomprehensible words that people talk about on YouTube, then you have not yet lifted a finger to do something yourself. I only know that trading is not for weaklings, so be prepared for mistakes, on which your experience will be built or not. Collect as much information as possible, do not rush, be consistent in your learning, and, of course, start working in such a way as not to spend your parents' money. In addition, be grateful to them, since it is obvious that you do not have free money, but you still hope to get it from somewhere (probably your parents)

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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
Lucius
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July 29, 2024, 10:31:13 AM
 #17

I don't want to discourage the OP, but cryptocurrency trading is one of the most risky, and it may take years to get good at it (if it ever happens at all). Some research shows that only about 5% of those who do it have any significant profit, all the others lose money or give up after a while.

Neither is Bitcoin magic money, nor does money grow on trees, so I recommend the OP to think carefully about whether he sees his future in crypto trading.

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BC.GAME
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July 29, 2024, 01:34:22 PM
 #18

Move topic to trading discussion board. Trading is not easy and if you plan on moving out of your parents house in the next 6 months with the profits you made off of trading, then I will advise you to find another things to do because it is not going to be possible for a complete noob like you. Do not take this as a discouragement but look at it realistically, it will take time say a year or two before you make any actually profit from trading. You have to begin from learning about trading fundamentals and a simple google search or even YouTube can help you out. The fundamentals will slowly introduce you to the seemingly complicated stuff.


If you really want to move out from your parents house, get a real job that will pay you regularly, and make trading as your side hustle. That way, even if your trading activity fails, at least you still have your constant income coming from your job.

Learning trading may take some time, and it would take a year or two before you can be a profitable one. For now,  DYOR is the key, and learn from the experiences of early traders. That will help you to clearly understand the real concept of trading, and how to take advantage on it.

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July 29, 2024, 02:15:07 PM
 #19

There are many ways to learn trading basics. I want to give you some links so that you can read and learn.
1. Investopedia - Trading
2. Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond

You can read this book for better understand.
Thank you.
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July 29, 2024, 03:51:17 PM
 #20

Hello , i want to become a trader but iam a total begginer , i tried watching some guides on youtube but they seem complicated with the graphs , markers , buy long sell short etc , is there a begginer friendly guide you guys can recommend to a newbie? i really want to get out of my parents house lol , help will be appreciated.
If getting out of your parents house is the reason you want to learn trading, I am afraid,  it might not work well as you planned.  You first need to get a job or offer a service that will be bringing a steady income, then you will continue with your trading journey.  You need to learn very well before starting to trade with real money. You also don't  go borrow one time money from parents and believe you will multiply it through trading. Trading isn't a guaranteed money doubling scheme. It will be fine if you make it passive way of earning.

You can also visit a board dedicated to trading, there you can read posts and articles about trading.

R


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