KellyNelson
Newbie
- Mar 26, 2019
- 1
- 1
What is the basic tips for beginners in Trading? I have started trading with volumefx.com and got all information and help regarding Forex trading, Bitcoin, cryptocurrency.
How to start Trading?
- Thread starter KellyNelson
- Start date
CryptoKujira
Power Member
- Dec 27, 2018
- 501
- 186
Do you actually want to learn about trading strategies or you mean to learn how to actually buy bitcoin, forex stuff, etc., or both?
Trading strategy is a lifetime journey. You have to be in it for the long haul. You will get rekt and lose all your money. So play with very little, maybe $100 for first few weeks or month at which point you will have lost it all probably.
Best place to start is here: trading212.com/ go under LEARN an start watching vids. Start with oldest vid first. Watch every video multiple times. Take notes on paper. Then go through all their tutorials.
Then pick a single area where you want to lose your money. Such as just crypto, or just forex, and focus on those. The markets are vastly different, so pick one and stick with only that one. It's up to you.
Use tradingview.com to watch charts, and exchange of choice to execute trades.
Trading strategy is a lifetime journey. You have to be in it for the long haul. You will get rekt and lose all your money. So play with very little, maybe $100 for first few weeks or month at which point you will have lost it all probably.
Best place to start is here: trading212.com/ go under LEARN an start watching vids. Start with oldest vid first. Watch every video multiple times. Take notes on paper. Then go through all their tutorials.
Then pick a single area where you want to lose your money. Such as just crypto, or just forex, and focus on those. The markets are vastly different, so pick one and stick with only that one. It's up to you.
Use tradingview.com to watch charts, and exchange of choice to execute trades.
Last edited:
crissdinesh
Regular Member
- Jul 7, 2018
- 462
- 281
1. Learn candlesticks pattern.
2. Never use any indicators or other charts.
3. Do paper trade.
4. Learn support and resistance.
5. Later, trade with less money.
2. Never use any indicators or other charts.
3. Do paper trade.
4. Learn support and resistance.
5. Later, trade with less money.
SolomonSEO
BANNED
- Nov 20, 2018
- 77
- 12
Well, what is your background? If you are not related to the economics, learn first about how market works in general, some fundamentals. Then if you are interested in forex or stock markets, learn about fundamental analysis. Then learn about technical analysis. Then try to see patterns in historical data and try to analyze it. Then open demo account and try to make your own strategy and use it. And so on. This is constant learning and improving.
Degen
Elite Member
- Apr 9, 2016
- 2,604
- 2,899
Start with etoro test platform or plus500.
Do not recommend starting with your own money.
hanser26
Regular Member
- Mar 12, 2017
- 244
- 81
I’ve traded for some time now. Pretty much 2nd what these guys above me are saying.
Here are 2 great resources with a wealth of knowledge:
https://www.shadowtrader.net/
https://www.tastytrade.com/tt/
Here are 2 great resources with a wealth of knowledge:
https://www.shadowtrader.net/
https://www.tastytrade.com/tt/
malogrido
Registered Member
- Mar 31, 2019
- 58
- 27
As previously mentioned by CryptoKujira, have a look at other traders' ideas on TradingView. Check lots of them, stay tuned with the market trend. Learn to recognize by yourself the patterns other traders identify and publish on the network.
Instead of playing with real money, I would recommend you to make use of demo accounts, at least until you own a winning strategy. Also stay away from robotrading and ATS, the only case you are going to make money with it is developing them on your own.
Instead of playing with real money, I would recommend you to make use of demo accounts, at least until you own a winning strategy. Also stay away from robotrading and ATS, the only case you are going to make money with it is developing them on your own.
BusinessSmack
Power Member
- May 2, 2012
- 531
- 163
Just do a little it everyday and @crissdinesh is right, candlesticks + support and resistance. Practice on as many charts as possible and eventually it will make sense
iDontCare02
BANNED
- Jun 8, 2015
- 102
- 6
Mate even a child can trade nowadays if they get an pc+internet
but we are not here to trade and loose money right?
we are here to win so i suggest u to learn about trading first then start
but we are not here to trade and loose money right?
we are here to win so i suggest u to learn about trading first then start
The Doctor
Senior Member
- Dec 18, 2010
- 1,110
- 474
Idk why anyone would say "Don't use indicators." Indicators are great. You just need to understand how they're being calculated. I have created many of my own indicators. The argument against indicators is one of efficient markets, which is false. One of the best indicators I've used is MTPredictor. It works really well. There are many good, free indicators on TradingView but you do have to be careful and not get hopeful about trash maths. Some of the premium tradingview indicators are really good. Some of them have been duplicated for free on tradingview.
That being said, getting to a point where indicators and patterns are really useful to you is a rough journey. I don't really recommend it. Instead, machine learning algorithms provide a better indicator than you will ever find. I recently started a thread about this: https://www.blackhatworld.com/seo/f...an-ai-trading-bot-for-bitcoin-crypto.1116066/
good luck
That being said, getting to a point where indicators and patterns are really useful to you is a rough journey. I don't really recommend it. Instead, machine learning algorithms provide a better indicator than you will ever find. I recently started a thread about this: https://www.blackhatworld.com/seo/f...an-ai-trading-bot-for-bitcoin-crypto.1116066/
good luck
