UNDERSTANDING TRADING BASICS

Hey everyone, A lot of folks here are asking for a beginner's guide to trading in this space. I've got some friends too who want to know how to start trading, so I thought I'd create this thread for anyone interested in diving into crypto trading. If you're clueless about how the financial markets work, this might be a good starting point for you. I'm gonna break down the essentials of trading in a simple way. And don't worry, this is totally free no strings attached. Just aiming to share what I know. There’s a lot to cover, but let’s kick things off with the basics of trading. I know others have shared similar guides, even on social media, but many people get lost because the explanations can be pretty technical. I promise to keep things straightforward so that anyone who wants to learn crypto trading can actually get it. Sure, lots of people charge for teaching, coaching, or mentoring, but why shell out cash when you can learn for free? It really depends on the person, though. Some find it tough to learn without some focus and direction. But if you’re committed and willing to learn on your own, becoming a successful trader isn’t out of reach. A lot of the tutorials out there jump right into trading without laying the groundwork first. This can lead to people thinking trading is a piece of cake and diving in headfirst without a solid foundation. What happens next? They end up paying more than they should, which is why starting with the basics is so important.

You have said the same thing that an intending trader, newbie or trader who lose at 99% of the time, will not be bothered to find out what is wrong with his trade. The same thing found on the internet. The thing is about passion. If someone who intends to trade but has no passion for it, they will continue failing in it. Trading is now a profession and every profession require passion for some measure of success. A passionate trader after reading your post will make more effort to learn but that without passion will eventually wait for opportunity for copy trading or paid signal group that is no guarantee.

I have read a lot of tutorials regarding crypto trading, but here is what you did, I can say that you have simplified the explanation compared to the explanations made by others who have done similar topics here. And I think that is important for a viewer, especially in the matter of trading which we also know is not easy to understand right away. I pretty much agree with most of what you said here, so what do you say, this is a lot of parts for you to do. does this mean that these parts are like a course session that you will teach and share for free here? how many parts is this Op? and what kind of sessions are you going to share here?

\ When you are just trying out to trade just because you've seen that others been making or showing some good or big amounts of their results then you would really be ending up on this way which is indeed true. To speak out then you should really be having the passion so that you wont really be making those desperate movements or trying out to rush up things because you are in a hurry on making profits which is really that a very wrong move or mindset to have as a trader.Take it slowly and try to learn up things in a slow pace manner. Profits doesnt really come on easy way and it would really be needing that ample time for you to find out.

The most basic form of understanding when it comes to trading is that there is a sucker in every trade.  If you don't know who the sucker is, it's you.  This saying seems especially true when it comes to trading cryptocurrencies.  You either understand that things like FTT or LUNA were scams created to alleviate you from the trouble of holding onto your BTC.  My advice, hold onto your Bitcoin and don't get involved in any trades where it isn't clear who the sucker is.  Personally, I think anyone willing to give up their BTC right now is the sucker, so unless you are overinvested and need to sell to pay bills, hold tight to your coins and avoid being the sucker.

OP has said he would share for free about the teaching and I hope he keeps to that promise and not change after a while on it if he sees followership. You know some people do that as start to entice people they do a show of such to showcase what they do but later when they grow in customer base then they change from what they did freely but lets see what it will be in op's case.

Lets say a person wants to go into crypto and he does not have the passion for trading as you say and he also doesn't have the right amount of money to be an investor what does he do?

Actually from my understanding everyone has it own ways of understanding or giving out information concerning cryptocurrency trading, but i want us to know that the information that's obtainable in the cryptocurrency industry always be ascertain with money, and the one that is not useful always pass by freely.

There are a lot of people who say, trading is very easy to study and give analysis but when it's actual trading, it's tougher than we expected. Trading isn't for everyone and those people who haven't passionate about trading won't really understand what's trading though you teach them what is basic in trading. I would rather go into investing because I feel safe in that way and less risky than trading, all you've to do is to wait until the bull market comes though the profit isn't determined in exact time. There are a lot of tutorials now in trading that you can simply understand on Youtube, I prefer watching tutorials to reading articles.

I'm not a fan of how much you have to start trading because whether large or small capital what matters is knowledge and attitude towards the business you are doing. Think of this, if you get any particular trade order you start the chance of increasing your liquidity rate, your capital grows and if you miss it the money will reduce. If you consistently get your order right that means consistent increase and a consistent loses means consistent reduction, so which is better? Knowledge is better than large capital size. Knowledge does not only mean your ability to puteup an order but the technique to trade like money management and use of leverage, stop loss etc.

Great efforts making this valuable topic. The fun fact is while making such big topics we learn more it ourselves rather than the other readers because I know how much we spend on making such huge topics and by reading them over and over again. Most of the points and your personal views are valid. No doubt that every trader has to be evaluator of every factors in the trading market. For example whether it is technical to factual analysis or just a simple logic behind the stop loss we all have to study it and execute that particular plan of action based on them.

Huh? It was the opposite that I always see actually. Many people are saying that trading is hard or risky. Those who say that trading is easy are maybe a professional trader already. Each of us are still different. Some are just naturally intelligent and can understand things easily. They don't know the struggles of a normal individual. When it comes to learning materials I think it still depends on the source. There are youtube videos which are hard to follow while there are articles that is well written and easy for the readers to follow. In fact most of the articles that I have came across online are more complete than in a youtube video.

- I support you and I agree with what you said here Sir, actually, almost all video tutorials that can be found on youtube, are not easy to understand immediately by a novice viewer who wants to learn crypto trading or Forex trading. So I think, what OP did today on this topic, may help anyone who wants to understand basic trading in cryptocurrency, because mostly the explanations he said are true. Let's see and watch for the next part that he will teach if it's good or not, let's follow it since he will do it for free based on his story.

Hey there! I’ve been investing in cryptocurrencies for a while, and a colleague in Canada suggested I try token tact canada https://tact-token.com/. The platform’s real-time predictions and automated tools have made my trades much more efficient and profitable. I’ve been able to make informed decisions faster and with more confidence. If you want to make smart investments in crypto, token tact is the way to go!

Passion is what makes a trader to be depositing into crypto account to place a trade even when she's still loosing, passion makes it easier for trader to look at charts, place order even when his eyes are closed. When a passionate trader loses, he's happier, when he wins, he's more happier. He sees nothing wrong in crypto ecosystem at all and loves every little dip and cherish every little rise in price. Such passionate trader is the only user that could be successful in the game because he's going to pay every price needed to be profitable in the crypto industry.

For anyone who wishes to take a walk into this shared info. My advice is you be careful not to fall into o scam. Am not saying this is scam but it just could be or not especially when such offers are being introduced by newbies who just came into the forum. In recent times some people have given a trial to suggested platforms of this nature and the outcome wasn't good. Be guided.

Last seen on December 17th, 2022. OP disappeared after creating such a useful and easy-to-understand topic that would help newbies grasp the basics they need to know about trading in just a few minutes. After learning all this about trading, newbies should take note that the desire to gain profits from trading is not enough, they still need to learn some risk management strategies that will help them mitigate the risks involved in trading. In most cases, they also need to be patient, committed, and dedicated to truly reach that level where they will be happy they chose to trade.

This is a very useful content for many people that intend to be a trader just like you. It's not just for the newbies alone but for many who are longing to become a trader. Trading and becoming a successful trader is more of our personal self because of you don't build yourself, you might be surprised that you will keep losing more contents you should have used to improve your profitability. I am fully aware that traders have a lot to learn even with that, it's good to mix knowledge because that is what will sophisticate our experience and make it work for us.

This coming from someone who was just asking about free or low-cost trading simulators. Why do I have a feeling you are a scammer who is trying to advertise your scam here? There's nothing like AI trading bots. The platform is only built to steal from gullible users.

OP wrote a long education topic on Trading but there is no single point about Stop loss. It's a big missing important information for traders because Stop Loss order is vital for traders to set it up, and defend their initial trading capital as most as possible. Traders all have to know that they must have trading capital for trading, and if they can not protect their trading capital, and lose it, they end their trading career sooner than expected. Awesome Crypto Trading. Learn Crypto Trading. About Stop Loss order, it's one of best weapons in Trading.