How to start trading ?

3xmen

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I am interested to learn trading but i don't know how to start , give me suggestions to start my journey .
 
You can dropshipping. For example, you can sell a $1 product for $15.
 
trading stocks or forex or crypto right?
Don't ahaha i mean it's extremely difficult, took me 7 years to find something special, a strategy that works, because most of the thing you see on youtube are nonsense, you have to start from a basic strategy that has a decent winrate and optimize that one, don't jump on another, take one and make it better until it's profitable.
i love the financial world, but there are way more easy path to follow for making money
 
I am in training for a long time. If you ask me - don't do it. I saw sooo many gurus bankrupt. Believe me. Stay away.

I know you won't get my advice above so here are a couple of things you can try.

1. Buy btc, etc, bnb now and leave it until you get 3x and sell it. It can take years.
1.a. You can buy now with 30% of your budget and wait for price drop to buy more. It is called dca - manual or automated doesn't matter much.

2. Run a free grid bot with a coin you trust - when price drops you get crypto, so if you get btc for cheap you are okay as long as you believe in price increase.

One more time, don't do it!
 
First, find something which you interested and will make you happy to work. Do you have any idea to start?
 
Trading can be very profitable. But requires consistent practice and is ready to lose money as well, there's nothing like a 100% win rate.

Few things you need to keep in mind, that might help you in your journey. If you decide to trade crypto.



You need to choose your approach to trading; is it p2p, spot, or leverage /future trading?.

Now each of these approaches has little to high risk. Has a new trader I won't recommend leverage/futures trading to you. This is because the high risk and your portfolio can be wiped out in sec if you don't know what you are doing.

I have been there, especially when Binance sends you a liquidation letter... Emotional damage in Chinese accent.lol

But don't worry there are other safer ways to make consistent money from crypto.
Thinking of p2p? Yes, it's.

P2p trading is better than spot trading in my opinion. But little profit and requires some capital.



Most Platforms do offer p2p trading portals such as; Binance, LocalBitcoins, remitano, okex etc.

However, some require having a merchant badge which I won't go into more detail about.


But here is the catch...
You need a strategy, and that's where your Arbitrage skills come in place. ( the act of buying /selling for profit.)

Don't worry; I will share with you 3 strategy;
  • You can decide to provide liquidity for investors for their trade. It can be USDT, USDC, BCD or even BTC itself with a profit of 0.09 to as high as 1% fee just depending. Also, keep in mind you need a good Bank account for this with a high daily limit. Additionally, you need to know investors who trust you or you trust.


  • Another strategy you can exploit is buying low and selling high. Usdt for example which is my favourite. You can buy low at one exchange and sell high at another exchange. Very lucrative if you can move high volume to accumulate profit.

  • Lastly, you also buy/sell at the same exchange, almost related to the second method but this technique requires some technical skills which I can't go deeper into right now.


Lastly, whichever approach or route you choose keep these skills under your sleeves.



Trading psychology



Bookkeeping/Record keeping



Technical/fundamental Analysis



Integrity / Trustworthy(p2p trade)



Teamwork skills.



P.s Every approach is profitable but you have to study them and focus on it. Don't follow those pump and dump groups or Youtubers who only care about their pocket. there is a lot of content on YouTube about spot and futures trading but way less on p2p trading though. Anyway, Goodluck in your journey...
 
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