Start Trading for Beginners

[EarnOnVictor]

2. You need MetaTrader 4 or 5 app  
3, Use Trading View to see the  Real time Charts if the coin you are trading

OP, I don't seem to understand. Why would anyone need TradingView when the MT4 platform has been successful installed? You may have your reason, which is why I asked. But my experience has shown otherwise, because all what I can ever need for trading are already present in the MT4 platform.

And if course, if I say MT4 platform, I mean the desktop version, and not the almost worthless mobile version.

Learn how to use SL (stop loos) Important
Learn how to set TP (Take profit)  Important
Learn how to manage your balance

I appreciate this part among what you wrote. My experience hinted me that trading strategy is not the main reason why traders lose, but poor account management, which also could result from bad trading psychology.

[Pandorak]

(...)

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

What you said is absolutely right. The most important thing is knowledge, and we must have the intention to learn first before starting any trading, so that we will have confidence when trading. Because i often meet people who have a strong desire to trade but are unwilling to learn first, thinking that learning is difficult. They only focus on how much profit they might make, fantasizing about profits that have not yet been earned or are impossible to earn without knowledge.

[Ricardo11]

(...)

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

What you said is absolutely right. The most important thing is knowledge, and we must have the intention to learn first before starting any trading, so that we will have confidence when trading. Because i often meet people who have a strong desire to trade but are unwilling to learn first, thinking that learning is difficult. They only focus on how much profit they might make, fantasizing about profits that have not yet been earned or are impossible to earn without knowledge.

This kind of thinking is very dangerous, especially if someone wants to achieve success in trading without any education, skills, knowledge related to trading, where you don't know anything, how can you properly conduct activities?
The learning stage comes first, you have to gain education first, only then will you have a chance to succeed, but if you first enter trading directly to become rich overnight, then this will undoubtedly only lead you to more danger.

[Byebyebtc]

2. You need MetaTrader 4 or 5 app  
3, Use Trading View to see the  Real time Charts if the coin you are trading

OP, I don't seem to understand. Why would anyone need TradingView when the MT4 platform has been successful installed? You may have your reason, which is why I asked. But my experience has shown otherwise, because all what I can ever need for trading are already present in the MT4 platform.

And if course, if I say MT4 platform, I mean the desktop version, and not the almost worthless mobile version.

Learn how to use SL (stop loos) Important
Learn how to set TP (Take profit)  Important
Learn how to manage your balance

I appreciate this part among what you wrote. My experience hinted me that trading strategy is not the main reason why traders lose, but poor account management, which also could result from bad trading psychology.

Trading view is more reliable than mt4 or mt5, i have observed the both of them mt4 makes long wicks that aren't even present in any other trading chart platform, so trading view is preferable, and it has different charts from different companies, their tools and indicators are standard and sufficient enough.

[EarnOnVictor]

2. You need MetaTrader 4 or 5 app  
3, Use Trading View to see the  Real time Charts if the coin you are trading

OP, I don't seem to understand. Why would anyone need TradingView when the MT4 platform has been successful installed? You may have your reason, which is why I asked. But my experience has shown otherwise, because all what I can ever need for trading are already present in the MT4 platform.

And if course, if I say MT4 platform, I mean the desktop version, and not the almost worthless mobile version.

Learn how to use SL (stop loos) Important
Learn how to set TP (Take profit)  Important
Learn how to manage your balance

I appreciate this part among what you wrote. My experience hinted me that trading strategy is not the main reason why traders lose, but poor account management, which also could result from bad trading psychology.

Trading view is more reliable than mt4 or mt5, i have observed the both of them mt4 makes long wicks that aren't even present in any other trading chart platform, so trading view is preferable, and it has different charts from different companies,

Let's be clear, I'm referring to the MT4 trading platform, and not the MT5. Despite the latter was supposed to be the upgraded version of the former, the reverse is the case. Now, you wouldn't have mentioned the candle's wick difference if you understand how this works, you can't blame MT4 for the flaws of your broker. If you don't trust your broker's charting, fine, you can use TradingView, but don't use that to judge other people's MT4 chart.

As you said yourself, you can choose from different broker's on TV, so you don't expect those different broker's to have the exact chart all the time. What they feed TV is what TV will publish. I don't have issues with my broker' chart. I can only say that TradingView even lag in Futures market opening time, based on my observations.

their tools and indicators are standard and sufficient enough.

Have you checked the MT4 tools and indicators (both default and custom)? Till date, I don't have a single reason to use TV. But of course, those who use exchanges charts will find TV so useful. It's obvious.

[ancafe]

Some people need that real pressure to grow while others prefer to master the process first before risking anything both methods work if they come with discipline and self awareness the key is to know yourself if you can stay calm when the market moves against you then you’re ready to trade live. Mentors and experience play a big role too learning from others can shorten the time it takes to build the right habits but no amount of theory replaces the lessons that come from real trading once you combine technical learning from demo with emotional control from live experience that’s when trading really starts to make sense.

It's not recommended to face intense pressure early in your trading journey, as it can impact your ability to persist. Whatever method you choose, it should be considered based on your ability to persist in trading, as many people struggle to survive due to constant losses. This is why it's best to practice on a demo account first and then after mastering a few things, try trading on a rill account with smaller capital. This method is more understandable because not everyone is prepared to face the pressures of trading, which carries the risk of losing money directly.

Sometimes we talk about personal experiences, making the discussion more credible. I started with a demo account, or you can even start with a rill account. Both can be adjusted based on your individual ability to spot opportunities. If you can be disciplined and continue learning to achieve good skills, it will be much better, allowing you to continue developing consistent trading.

[liasbaa]

(...)

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

What you said is absolutely right. The most important thing is knowledge, and we must have the intention to learn first before starting any trading, so that we will have confidence when trading. Because i often meet people who have a strong desire to trade but are unwilling to learn first, thinking that learning is difficult. They only focus on how much profit they might make, fantasizing about profits that have not yet been earned or are impossible to earn without knowledge.

Especially when it comes to money-related matters such as making money in risky ways you must gain experience. Most new traders want to make a lot of money in a short time and they consider trading as a great way to get rich. I think if someone decides to trade for the first time to make money it can be compared to a kind of gambling. Just as gamblers can win if luck is in their favor trading without experience increases their chances of losing money.

I think that traders who want to start trading and have no experience should use funds that they can afford to lose and a certain amount of money to learn about trading. If they can learn about the crypto market during their apprenticeship and do research as well as trading they will be able to gain experience and become a successful trader.

[BlackBaron]

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

You should start with long term Bitcoin accumulation to learn. If you start investing in Bitcoin, on the one hand, you will be able to build a holding of one of the best assets, secondly, you will be able to build patience to keep buying regardless of the market price and you will be more knowledgeable about the importance of Bitcoin, besides you will be able to be knowledgeable about other coins.

If you can run a regular Bitcoin accumulation cycle of at least four years, then you can diversify your investments in the future. You can buy reliable coins for short term trading with the highest priority on Bitcoin.

As I said earlier, learning while starting to invest and hold bitcoin is the best strategy to make us more excited about trading. Because usually, when we learn we must have something that can motivate us. In this case bitcoin is the best choice for me to make high motivation for us.

Because it is undeniable that it will also be bored if we learn but there are no benefits to be gained, at least for us to see. By holding bitcoin, at any time we can see our portfolio even though the amount is small.

[Lanatsa]

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

You should start with long term Bitcoin accumulation to learn. If you start investing in Bitcoin, on the one hand, you will be able to build a holding of one of the best assets, secondly, you will be able to build patience to keep buying regardless of the market price and you will be more knowledgeable about the importance of Bitcoin, besides you will be able to be knowledgeable about other coins.

If you can run a regular Bitcoin accumulation cycle of at least four years, then you can diversify your investments in the future. You can buy reliable coins for short term trading with the highest priority on Bitcoin.

As I said earlier, learning while starting to invest and hold bitcoin is the best strategy to make us more excited about trading. Because usually, when we learn we must have something that can motivate us. In this case bitcoin is the best choice for me to make high motivation for us.

Because it is undeniable that it will also be bored if we learn but there are no benefits to be gained, at least for us to see. By holding bitcoin, at any time we can see our portfolio even though the amount is small.

Learning before doing anything is the first real investment we can ever make because without knowledge every move we take will just be based on luck and luck doesn’t always last long people who rush into trading without understanding what they are doing end up paying the price in losses so it’s better to start slow take time to learn the basics understand risk management and how markets move before trying to make big profits. Starting with bitcoin is a great foundation because it gives both experience and patience holding bitcoin helps to build emotional control and discipline two of the hardest things to master in trading you learn not to panic when prices drop and not to be greedy when they rise slowly you begin to understand that the market always moves in cycles and that holding quality assets long term often wins over chasing short term hype.

Bitcoin accumulation through consistent buying creates habits that pay off later when you decide to explore other coins or trading opportunities and you already have a sense of stability you can make decisions with a calm mind instead of emotions it also gives you motivation because you can see the results of your learning even if your portfolio is small it’s growing with time. The journey from learning to becoming confident in trading doesn’t happen overnight but starting small observing the market reading charts understanding news and learning from both your wins and losses makes you stronger each day eventually the lessons you gain from holding bitcoin will teach you more about patience and strategy than any course ever could.

[alankasman]

What you said is absolutely right. The most important thing is knowledge, and we must have the intention to learn first before starting any trading, so that we will have confidence when trading. Because i often meet people who have a strong desire to trade but are unwilling to learn first, thinking that learning is difficult. They only focus on how much profit they might make, fantasizing about profits that have not yet been earned or are impossible to earn without knowledge.

Actually, core knowledge in trading is crucial. Why do I say this? Even people who already understand the basics can sometimes lose concentration when starting to trade without knowing many people. Even experts can still suffer losses due to other factors they may not be aware of, such as rapid market changes. So, nothing is easy when it comes to achieving maximum results. Therefore, even though many people desire to achieve results from trading, they can still lose due to unfavorable market conditions.

[KeenanEl19]

(...)

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

What you said is absolutely right. The most important thing is knowledge, and we must have the intention to learn first before starting any trading, so that we will have confidence when trading. Because i often meet people who have a strong desire to trade but are unwilling to learn first, thinking that learning is difficult. They only focus on how much profit they might make, fantasizing about profits that have not yet been earned or are impossible to earn without knowledge.

Trading is not something that can be done casually without proper knowledge. The risks are certainly there, but they can be minimized with proper knowledge. Therefore, if you really want to dive into the world of trading, you must have a strong intention to learn about trading first. I have a friend who was once interested in trading. I saw him diligently learning about trading and its strategies. Even his phone gallery was filled with screenshots about trading. I thought he was serious. But now he is no longer there but works in a restaurant. Perhaps because he couldn't cope with the amount of learning he had to understand.

[GIF-JOBS]

(...)

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

What you said is absolutely right. The most important thing is knowledge, and we must have the intention to learn first before starting any trading, so that we will have confidence when trading. Because i often meet people who have a strong desire to trade but are unwilling to learn first, thinking that learning is difficult. They only focus on how much profit they might make, fantasizing about profits that have not yet been earned or are impossible to earn without knowledge.

Trading is not something that can be done casually without proper knowledge. The risks are certainly there, but they can be minimized with proper knowledge. Therefore, if you really want to dive into the world of trading, you must have a strong intention to learn about trading first. I have a friend who was once interested in trading. I saw him diligently learning about trading and its strategies. Even his phone gallery was filled with screenshots about trading. I thought he was serious. But now he is no longer there but works in a restaurant. Perhaps because he couldn't cope with the amount of learning he had to understand.

In fact, you have to survive here, you can't give up patience, if you show too much interest in the first situation and give up later, it is just a waste of time. I have a friend who was like that, at first he was very interested in trading but now he has completely given up on it, he used to face losses so he gave up. When a new trader can learn from the losses in the first situation and be more careful, then he will definitely gain skill at some point, but if someone does not try to gain knowledge with all his might, he will never be able to succeed here.

[KeenanEl19]

Trading is not something that can be done casually without proper knowledge. The risks are certainly there, but they can be minimized with proper knowledge. Therefore, if you really want to dive into the world of trading, you must have a strong intention to learn about trading first. I have a friend who was once interested in trading. I saw him diligently learning about trading and its strategies. Even his phone gallery was filled with screenshots about trading. I thought he was serious. But now he is no longer there but works in a restaurant. Perhaps because he couldn't cope with the amount of learning he had to understand.

In fact, you have to survive here, you can't give up patience, if you show too much interest in the first situation and give up later, it is just a waste of time. I have a friend who was like that, at first he was very interested in trading but now he has completely given up on it, he used to face losses so he gave up. When a new trader can learn from the losses in the first situation and be more careful, then he will definitely gain skill at some point, but if someone does not try to gain knowledge with all his might, he will never be able to succeed here.

Some factors that I believe cause people to give up on trading include lack of capital, laziness, or simply being tired of learning the various things that need to be learned, such as understanding candlesticks and other things.

Many people give up, and many succeed because they're consistent with their practice. Honestly, I've seen my friends find it quite complicated to learn, and even I sometimes feel dizzy just watching them. I don't know, but those who are serious about learning seem to have sufficient brain power.
But I don't think you should push yourself too hard in the learning process, as this can put more pressure on you and possibly stress you out.

[Cgrexp]

Some factors that I believe cause people to give up on trading include lack of capital, laziness, or simply being tired of learning the various things that need to be learned, such as understanding candlesticks and other things.

Many people give up, and many succeed because they're consistent with their practice. Honestly, I've seen my friends find it quite complicated to learn, and even I sometimes feel dizzy just watching them. I don't know, but those who are serious about learning seem to have sufficient brain power.
But I don't think you should push yourself too hard in the learning process, as this can put more pressure on you and possibly stress you out.

You are right, in fact, in trading, you have to follow it regularly. In addition, in trading, you have to have analytical skills, patience, regular practice and stress management. These things affect many people mentally and they consider it an additional pressure. That is why I prefer regular continuous investment over trading and I advise most new investors to invest for the long term without entering trading. Because in trading, one does not have to analyze the market to the extent that one has to do so in long-term investment if he continues to invest regularly in the DCA method. In the DCA method, when someone buys a small amount regularly, the market does not affect him in this case. However, there are some rules in long-term investment as well, in this case, proper financial management is important. Success never comes only based on ability or information, success comes through continuous practice and patience.

[M47AK16]

Many people give up, and many succeed because they're consistent with their practice. Honestly, I've seen my friends find it quite complicated to learn, and even I sometimes feel dizzy just watching them. I don't know, but those who are serious about learning seem to have sufficient brain power.
But I don't think you should push yourself too hard in the learning process, as this can put more pressure on you and possibly stress you out.

For people like me, it's not. I do not make a lot from it, usually break even at best, sometimes even had long periods of losing. So I can say that, there are some people who are better at it, and some who are worse. I have good days too of course but not that common. Best we can reach at the moment would be just focusing how to make money based on whatever capabilities we have.

The real return comes from using your strengths and if you do that, and if it is trading, then it can lead to a lot of money without a doubt. Too bad that some people miss that chance, and they look at it like it's some sort of shocking thing, we all know it's very common and not a big deal at all. You may lose, you may win, both are quite possible.

[sharplines]

Trading is very risky due to the volatile nature of crypto, this is why it is very risky to be a trader. Beginners should not jump into trading thinking that it is a means to make quick profit, because it's the opposite. If you want to be a professional in trading, you must learn be ready to take the risk because running at loss is inevitable.

Using demo account to learn how to trade wouldn't improve your trading ability, because when you enter the real market, it's a different thing entirely from what the demo account is. Only trade with the amount of money that you can afford to lose. Learning the fundamental analysis and technical analysis is very important as a beginner.

You are right, trading crypto is risky because price can change fast. Many new people think they will make quick money, but most time it’s not like that. Loss can happen anytime. Demo trading is good to practice, but real trading feels different when your real money is there. It’s better to trade small and only use money you can lose. Also try to learn both technical and fundamental things, it helps a lot with time and experience.

[Finebone]

Trading crypto is even more easily understandable than forex and I guess that newbies can learn crypto trading faster than forex, you don't need MT5 & a broker but with just centralized exchange you would just make your deposit and start trading, if you are not yet ready to trade with real money, you can also use the demo option. In crypto trading, you can even do spot option trading, it has less risk than leverage trading, you can't trade spot option on forex market.

Sure. As a beginner, trading crypto is more ideal because you will get the opportunity to venture into other sectors and explore the opportunities there just like the example you listed down here, though in MT5 broker you can also have access to demo trading, but for proper understanding and more opportunities that lies in the crypto space, starting your trading journey trading crypto is more better than starting out with forex.

Another thing I want most newbies to understand before starting is that trading is not for everyone, once they start noticing that it's constant losing, no sign of improvement while learning, it's better to stop and look for something else than to trying more in something that you are not going to be good at in years to come even after dedicating so much time to it.

[Cryptmuster]

In fact, you have to survive here, you can't give up patience, if you show too much interest in the first situation and give up later, it is just a waste of time. I have a friend who was like that, at first he was very interested in trading but now he has completely given up on it, he used to face losses so he gave up. When a new trader can learn from the losses in the first situation and be more careful, then he will definitely gain skill at some point, but if someone does not try to gain knowledge with all his might, he will never be able to succeed here.

Not everyone is destined to become a good trader. According to statistics, only about 1–3% of traders are successful, and if someone decides to stop at the early stages, it might not be the worst decision. For those who are ready to dedicate a lot of time to trading, they might achieve something, but success in trading is not guaranteed to anyone. Beginners should be careful and trade with small amounts of money while they are still learning and developing their own working strategy.

[YUriy1991]

Trading without knowledge is like gambling. It's best to learn as much as possible about Bitcoin before deciding to trade. First, make sure you fully understand and appreciate what Bitcoin is. This will protect your finances in the future. Unexpected market price movements can also cause extreme panic if we don't understand them. Beginners should set aside a portion of their income to cover basic needs for at least the next three months. If the Bitcoin price drops, we won't panic. Avoid investing all your money in Bitcoin without any other savings. This strategy is important to avoid panic selling. Conversely, if you invest all your savings in Bitcoin and the price skyrockets, you could become rich overnight. However, I don't recommend such a strategy because it's uncertain.

[ChocolateBitcoinK]

Trading without knowledge is like gambling. It's best to learn as much as possible about Bitcoin before deciding to trade. First, make sure you fully understand and appreciate what Bitcoin is. This will protect your finances in the future. Unexpected market price movements can also cause extreme panic if we don't understand them. Beginners should set aside a portion of their income to cover basic needs for at least the next three months. If the Bitcoin price drops, we won't panic. Avoid investing all your money in Bitcoin without any other savings. This strategy is important to avoid panic selling. Conversely, if you invest all your savings in Bitcoin and the price skyrockets, you could become rich overnight. However, I don't recommend such a strategy because it's uncertain.

Of course, trading without any kind of knowledge is just like gambling, you have to research every step in trading with experience, taking the wrong step will cause losses, and this is why when you have no idea about trading but you jump in here, you are basically leaving the whole thing to luck, or just guiding yourself by guesswork or emotion, and the results of these are sure to be negative and there is no doubt about it.