Bitcoin Trading Resources

19 replies 491 views
ryan07Member
Posts: 1 · Reputation: 106
#1Dec 15, 2023, 01:14 PM
hey everyone, I'm looking to dive deeper into bitcoin and other cryptocurrencies, especially when it comes to trading. I have a grasp on the basics, but I'm keen to understand more about the technical side and market analysis. Any recommendations would be really helpful!
2 Reply Quote Share
QuantumYieldSenior Member
Posts: 117 · Reputation: 813
#2Dec 15, 2023, 04:19 PM
Awesome Cryptocurrency Trading A complete guide to volume price analysis Generally, I don't advice you to trade or focus on trading. I advice the opposite, focus on investment, long term, with your own money and avoid trading especially trading with Leverages or Futures type.
4 Reply Quote Share
coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#3Dec 17, 2023, 12:53 AM
There are lots of sources where you can learn about technical and fundamental analysis for trading if you are looking for them I think this one above "awesome trading" should be enough to learn about them including free and paid tools. Once you learn about trading don't forget to start with paper money first and test your skills and optimize them because there are no perfect strategies all of them are the same you just need to optimize them to be a profitable trader. If you are looking for more sources also check this link below. - https://github.com/paperswithbacktest/awesome-systematic-trading
4 Reply Quote Share
0xN0nceSenior Member
Posts: 421 · Reputation: 1069
#4Dec 17, 2023, 12:58 AM
Anything about going technical either on trading or investment in bitcoin, you can always make use of github for that, also, this forum here has a lot of discussions made regarding trading, indices, strategies, indicators and many more about how you could start being a beginner, which you can learn more from the trading discussion board, you can get more about trading on this thread where more has been discussed on trading from this forum. https://bitcointalk.org/index.php?topic=5446799.msg61999785#msg61999785
1 Reply Quote Share
silentchainHero Member
Posts: 473 · Reputation: 2317
#5Dec 19, 2023, 04:07 AM
Good advice. While most Investors are expecting quick profits, beginners think that avoiding nvestment process of long term holding and then engages on trading on short term varieties is the best. They also think it is about acquiring the technical knowledges is most needed. What is next is the risks to lost on the process of buying and selling within a short time that matters which may also demsnd more capitals including strong emotional capacities while trading in the market. Instead investment is preferred as a beginner until you understand the market analysis better and builds a strong emotion against market sentiments.
1 Reply Quote Share
nonce_bitFull Member
Posts: 59 · Reputation: 372
#6Dec 19, 2023, 03:43 PM
Hmm it's a pleasure to see you mate! Learning about trading is a good idea, but you need to understand that doing Trading without any knowledge can cause you to lose because there is too much volitality in it.    But anyway, let's talk about the topic. For trading, you will find many courses on YouTube, udemy etc for learning that are free and paid. Watching it allows you to learn a lot. But in my opinion, you should emphasize investing instead of trading, because the risk of losing in trading is high, no matter what strategy you use, while in investment, you do not lose as much as in trading if you are a long-term investor. The tree is the main point regarding the rest of the trading. You can keep it in front and take up trade, that is, you can decrease your loss ratio. This is the point. Technical analysis, fundamental Analysis and keeping control over emotion (not ego in panic, etc.) Apart from this, you can also learn on the forum in the Trading discussion section. And yes, before starting, it is important to practice on demo accounts because this will give you a clear idea of how to do practically with all aspects.
1 Reply Quote Share
block2015Full Member
Posts: 100 · Reputation: 398
#7Dec 19, 2023, 10:01 PM
Technical analysis is an unavoidable aspect of trading that you cannot  just overlook, you need to be really skilled to get it clear with the analysis, soo many persons do approach it with different strategies but mostly it's Al about understanding what the chart is telling you so you know whe to execute a trade and when not to. It will be best you intensify your studies and come up with an analytical strategy that suits your discipline and emotional tolerance because I may give you one and if it doesn't fit in your discipline and emotional tolerance, it may fail and you will think differently about trading, it took me a very long while to understand that with trading, you get te most when you are able to derive a custom made all round round strategy because using that from others ma only work for a while after which they will fail when your emotions and discipline begins to interfere.
4 Reply Quote Share
satoshi2020Senior Member
Posts: 183 · Reputation: 970
#8Dec 20, 2023, 09:18 AM
I have read some trading book, I am also a beginner trader and I am looking for more knowledge about trading. I would not want to sperm by creating a different thread but trading is practical than theory I believe that watching someone explain ideas is better than reading it off a book, I will like a recommendation to any good trading video or a YouTube account I can follow up on.
1 Reply Quote Share
jake.seedFull Member
Posts: 180 · Reputation: 698
#9Dec 20, 2023, 02:21 PM
As a newbie, trading can be very risky for you, trying out other sectors of cryptocurrency can be better for you and help minimize the risk of loss. Why not try and have a good investment in bitcoin before trying out trading, while having a solid investment in bitcoin and learning about trading would be the best for you. Although, if you’re bent on learning about trading still, just know that it’s a risky investment and it is not a get rich quick scheme which you’ll expect to be profitable in a short time. Always risk what you can afford to lose when trading and avoid chasing losses also. The journey is not easy but with perseverance, you’ll see progress and reach your ultimate goal one day.
6 Reply Quote Share
shard_minerSenior Member
Posts: 359 · Reputation: 1322
#10Dec 20, 2023, 07:34 PM
This user has not been active on the forum but l I believe that this advice will be useful to others like him who would ask this same question in the future. This is a solid advice. Unless a person has prior skills like technical analysis, fundamental analysis, risk management, managing of portfolio, and market psychology in forex trading, commodities trading, trading stocks some of which can be transferred to cryptocurrency trading, then I will advice them to try other aspects of bitcoin first before venturing into trading.
3 Reply Quote Share
st4ke21Member
Posts: 29 · Reputation: 193
#11Dec 20, 2023, 08:25 PM
While I was watching videos online, a video of a trading book came in front of me, then I analyzed it and later I bought the book for trading. Yes, it is very good and there is a lot of information here that you can follow if you want, I think if you want to trade and get good results then you must read books for trading, but if you want you can also learn a lot by watching videos on YouTube. I think if you gain knowledge by reading books and test it with a demo account to see how much skill you have gained by reading books, if you see that you have gained good skills by reading books then I would say not to come to trade before that. Because it is risky.
0 Reply Quote Share
hodler_2019Full Member
Posts: 71 · Reputation: 525
#12Dec 22, 2023, 07:13 PM
I always share this to anyone who asked me how to trade, either with my colleague, friends, or family. I personally learned how to trade here and of course I didn't stop here, I also watch some Youtube videos and read more about other trader's idea, learning through reading alone for me is not enough but learning the perspective of others really helps me to become open mind, especially trading isn't predictable and you should have open mind about it and won't stick to TA alone. Anyway here's the link: https://www.babypips.com/learn/forex It says forex but the concept is still the same. Good luck!
6 Reply Quote Share
0xN0nceSenior Member
Posts: 421 · Reputation: 1069
#13Dec 22, 2023, 11:52 PM
To learn about the trading technical aspects, you must be a able to understand how to read for the market and get used to the various markets indicators, their meaning, uses and be able to read and interpret them all, also, having some years of experience is also an added advantage, because you will know on what to do and also what to expect in time present and future, get used to trading view while learning the analytic aspect of it, then try to constantly practice to get familiar.
4 Reply Quote Share
gang_2018Member
Posts: 20 · Reputation: 168
#14Dec 23, 2023, 01:52 AM
To observe technical analysis and market, you need to know everything about the trade. Since you are aware of the basic ideas about the trade, you need to learn the technical analysis now. And need to know about how it works. You usually have different organizations to learn, you can learn or have a trader you know. You can learn practice from him. However, now the technology has improved a lot and if you watch various social media (YouTube), you will find technical analysis free from them. But here is quite complicated, because not everyone teaches the same way. So you have to learn patiently from the beginning and observe in different ways. You can learn from what is easy for you.
2 Reply Quote Share
st4ke21Member
Posts: 29 · Reputation: 193
#15Dec 23, 2023, 05:42 AM
The first thing you need to know to trade is that analysis and market observation are also important, but you cannot learn these in a day or without studying anything, so you can use books in trading if you want. You must know how to trade and what subjects to study. But if you can learn from good traders, then it is good, but nowadays there are many fake traders, so I would say it would be better for you to read books and try to understand yourself and learn slowly. If you can learn slowly and patiently, then you can reach your life's goal by trading. If you follow books, then your path will be much easier.
0 Reply Quote Share
ninja_atlasFull Member
Posts: 84 · Reputation: 259
#16Dec 23, 2023, 08:24 AM
Good advice. Trading can bring out massive profits but it can also end your career just as quick as it could be, especially if you are still in the learning process. Don’t be too obsessed in trading, it won’t be the best for beginners, but focus on buying and hodling instead and treat bitcoin as your long term investment. My point is, just learn from the old traders experiences here. We once have same mindset like you before, until we start seeing the realities about trading. You can learn with trading, but don’t expect a lot about it.
2 Reply Quote Share
ape_cipherFull Member
Posts: 81 · Reputation: 348
#17Dec 24, 2023, 05:29 PM
If you really want to know how to trade very well I will advise you go for a lesson find someone to teach you about trade very well you can't actually learn it from reading books you need someone who is an expert in Trading to educate you on it very well, a lot of people that are very good in Trading right now learnt it from someone so I will advise you find a teacher that will teach you how to trade, I have a friend before he started trading he went for a training he paid for it and he was taught how to trade very well and they guided him when he first started and right now he's doing very well, learn trading on your own will make it very difficult for you but someone teaching you will make it very easy for you that is why I prefer and advise you to find someone who will teach you how to trade and remember don't just find anybody find someone who is very good in Trading and learn from him or her.
1 Reply Quote Share
p1x3l365Senior Member
Posts: 511 · Reputation: 1890
#18Dec 24, 2023, 11:19 PM
I thought of countering you from the beginning until you talked about the difficulties in learning this alone or all by reading. So I come in conclusion that you're right. Reading is definitely going to be the resourcesful tool as it may concern digital asset trading even though you've someone to guide you offline but I believe learning online can still be possible for beginners to attained professional heights, it all depends on the individuals capacity and what format could be convenient in the learning. You've only shown concerns about Op so that he doesn't get mislead with lot of the claimed online as professional trader's but getting through they're not as learned as claimed. So in regards to your honest advice, the technicalities about learning bitcoin trading that'd be acknowledged sufficient be a professional trader isn't just a stone throw, lot of disciplines, dedications and overall ability to learning technicalities must be obtained While having someone who can practically teach you with privileges to ask questions and getting direct answers will be better enough if and only you get a genuine and truly experienced trader to teach you. However, don't feel discouraged Op, lot of resourceful informations has been made available for you by other members, I hope you put efforts in reading them. You can also own a demo account for practices instead of risking your funds as a beginner on the learning process.
3 Reply Quote Share
Posts: 38 · Reputation: 206
#19Dec 25, 2023, 04:23 AM
Learning everything in life is good and gaining experience in everything is good for everyone, maybe you are new, so I will not advise you to stay away from trading. If everyone stays away from trading and moves forward through investment then trading will not be suitable for us since you are very interested in learning about trading, so I want to tell you that you should trade directly with a very small amount of money. If you can participate directly in the trading platform with a very small amount of money and analyze the trading signals and indicators well, then your trading will become much easier because you can learn a lot by trying practically rather than reading books.
4 Reply Quote Share
HyperHawkFull Member
Posts: 68 · Reputation: 511
#20Dec 25, 2023, 05:53 AM
If truly this boldness is  coming from your mind to learn bitcoin book on how to trade to become successful, I think you will improve in the future and you will have every reason to be happy when you learn from the right place, to make it easy for you to achieve the technical aspect to flow to success, you need a mentor that will mentor you for some months to make sure you have all the idea on how to be productive in bitcoin trading before he can release you to start trading, don't forget this advice from me, use what you can afford to lose in bitcoin trading because bitcoin trading is different from other centralized trading, so you need to prepare yourself to start trading with some potential coins that will make you to earn income that will encourage you to upgrade your capital.
0 Reply Quote Share

Related topics