Simple practices to improve trading.

[Rruchi man]

Some simple practices can help a newbie trader to quickly improve on his/her trading skills. some of these practices are very simple, can be done alone or best with another newbie trader who wants to become an expert trader. Some of these practices that I have observed are;

- Practice demo trading, although not all traders started with Demo trading because some traders actually could handle the risk of loosing.
- Be consistent, and to encourage or learn consistency, you can start a 21 days trading challenge with a fellow newbie trader, or a trading challenge for as long as you want. If you do a challenge with someone, the person can encourage you when you feel like quitting from the challenge due to failed analysis or other reasons.
- Whenever you loose in trading, always return back to find out the reason why you failed.
- Do not depend on signal groups.
- Practice emotional control.
- Do not focus on too many cryptocurrency pairs.
- Join a community of traders.

These are a few, and I am sure there are more from other traders, please share to the benefit of us all.

[MrSpasybo]

Some simple practices can help a newbie trader to quickly improve on his/her trading skills. some of these practices are very simple, can be done alone or best with another newbie trader who wants to become an expert trader. Some of these practices that I have observed are;

- Practice demo trading, although not all traders started with Demo trading because some traders actually could handle the risk of loosing.
- Be consistent, and to encourage or learn consistency, you can start a 21 days trading challenge with a fellow newbie trader, or a trading challenge for as long as you want. If you do a challenge with someone, the person can encourage you when you feel like quitting from the challenge due to failed analysis or other reasons.
- Whenever you loose in trading, always return back to find out the reason why you failed.
- Do not depend on signal groups.
- Practice emotional control.
- Do not focus on too many cryptocurrency pairs.
- Join a community of traders.

These are a few, and I am sure there are more from other traders, please share to the benefit of us all.

The points you listed are essential for traders, especially practice and psychological control in trading. The market is truly harsh, and only effort will bring profits to traders.

I would just like to add that in the process of learning and applying technical analysis methods, traders will have to accept that sometimes what they learn is not effective in creating a profitable trade. The market is more dynamic than what we know, the current popular indicators and methods were created decades ago and may no longer be truly suitable for the current market, especially for crypto. At the same time, not all methods are suitable for all traders. A trader need to practice to find a method that suits him, in terms of risk, time frame...

[Captain Corporate]

Demo trading for newbies. I know that a lot of people do not look at that as something good, but that is exactly what you should be looking at. I personally believe that the best thing to do in this case would be to learn how to trade from a demo account. If you could do that, you could get better with time, it's going to be something special for you. I believe that the best way to go further would be just to arrange a system that works at demo trading before you start to go towards better results. In the end, if you could get what you want at a demo, then there is a possibility you could do it in real life, but if you fail at the demo then you will definitely fail in real life.

[UNIVERSE]

I don't know why, no matter how many things I learn from trading, whether it's material that is quite easy to understand or analysis that is quite heavy, for me, it doesn't really matter. It's nothing, but I really can't afford it. ha ha

So, betting is so complicated, I think I've tried it. indeed sometimes it is very fruitful. I tried to analyze the market using several techniques. But in the end, it made me even more confused. I even used VIP trading signals. However, it still can't be optimal. So it's possible that my passion is not in trading, because it's still difficult to follow the method or understand trading analysis very accurately.

[joniboini]

But in the end, it made me even more confused. I even used VIP trading signals. However, it still can't be optimal. So it's possible that my passion is not in trading, because it's still difficult to follow the method or understand trading analysis very accurately.

I believe you need experience before you can start to make better calls. Most traders that I know of seem to stick with two or three indicators they're most familiar with when they're doing technical analysis, maybe you can try to do the same to avoid confusion and improve your sense when you use them. It is hard to know whether trading is for you or not unless you stick with it for a while, but I believe if you are not a patience person then it is difficult to do so. I'd suggest you avoid any signal group tbh, as most of them are just pump and dump groups in disguise even if you paid for the VIP service. Even if you got lucky, there's no guarantee that the owner won't make bad calls too and it will reduce your trading sense if you keep relying on their analysis to make decisions.

[LUCKMCFLY]

They are very good advice, especially about trading with a demo, so you can have an idea that things are at that level and that every time one of the operations fails you have enough power to recover quickly, I I would say that when we do tradign we must have 3 operations, if in those operations we do not come out with a positive balance, we must check what is happening, because we are not seeing the market in the correct way and that is a reason to do an analysis or even stop ultimately to know where we are failing, because the way of seeing the market is not correct.

The market offers many Opportunities , I think that patience is also a way to see it as good advice, and that the greatest of all the graying is not to think that with trading we will become millionaires, trading must be seen as a business, where we We must win but little by little.

[jeraldskie11]

Some simple practices can help a newbie trader to quickly improve on his/her trading skills. some of these practices are very simple, can be done alone or best with another newbie trader who wants to become an expert trader. Some of these practices that I have observed are;

- Practice demo trading, although not all traders started with Demo trading because some traders actually could handle the risk of loosing.
- Be consistent, and to encourage or learn consistency, you can start a 21 days trading challenge with a fellow newbie trader, or a trading challenge for as long as you want. If you do a challenge with someone, the person can encourage you when you feel like quitting from the challenge due to failed analysis or other reasons.
- Whenever you loose in trading, always return back to find out the reason why you failed.
- Do not depend on signal groups.
- Practice emotional control.
- Do not focus on too many cryptocurrency pairs.
- Join a community of traders.

These are a few, and I am sure there are more from other traders, please share to the benefit of us all.

Trading with demo account is one of the things you should really to become expert in trading. It helps you to make a better trading plan and to know how good the strategy you are using. By determining the win rate of your trading strategy, it helps you to gain confident if you transitioned to real account. If you are confident, it will not affect your trading execution. Overall, demo trading not only helps you to make a better trading plan but also helps you to improve your trading psychology.

[hugeblack]

The best practice is to become convinced that you cannot always achieve gains in trading. Trading sometimes leads to gains and sometimes losses, but the outcome of your trading must be profits.
Starting with demo trading does not mean that it is necessary only for beginners, but also that any trader needs to retest his strategies several times, so a demo account is important for all traders.
Do not make trading a full-time job, as there are trading bots that can be programmed, and then you may not need to be in front of the trading screen for more than a quarter of an hour a day.
Do not trade with money you need within the next 6 months.

[ajiz138]

I don't know why, no matter how many things I learn from trading, whether it's material that is quite easy to understand or analysis that is quite heavy, for me, it doesn't really matter. It's nothing, but I really can't afford it. ha ha

So, betting is so complicated, I think I've tried it. indeed sometimes it is very fruitful. I tried to analyze the market using several techniques. But in the end, it made me even more confused. I even used VIP trading signals. However, it still can't be optimal. So it's possible that my passion is not in trading, because it's still difficult to follow the method or understand trading analysis very accurately.

The points that OP conveyed are indeed important points for us to start trading, but the problem is that theory and practice will be very different. We may be able to understand the theory we learn and when we do it directly in trading it will make us confused.

I think you're not the only one who feels that way, because I feel it too and I think there are still many people out there who also feel the same way. Trading is not as easy as it seems, we are required to understand and that is not easy.

[Learn Bitcoin]

Demo trading for newbies. I know that a lot of people do not look at that as something good, but that is exactly what you should be looking at. I personally believe that the best thing to do in this case would be to learn how to trade from a demo account. If you could do that, you could get better with time, it will be something special for you.

It is the same as when we used a faucet on the crypto casino to gamble and then make a deposit to play. Unfortunately, we don't take demo trading seriously. Most of us create an account, and when we get the demo funds, we take it lightly, and open the position as if it's nothing (it's nothing, though). The question is, can we do the same thing with the real funds? Of course no. To learn to trade, you have to treat the demo funds like the real funds so you value them and understand how you willll feel if you lose the trade. But unfortunately, we never manage to control ourselves and we never take the demo funds seriously.

[Rruchi man]

It is the same as when we used a faucet on the crypto casino to gamble and then make a deposit to play. Unfortunately, we don't take demo trading seriously. Most of us create an account, and when we get the demo funds, we take it lightly, and open the position as if it's nothing (it's nothing, though). The question is, can we do the same thing with the real funds? Of course no. To learn to trade, you have to treat the demo funds like the real funds so you value them and understand how you willll feel if you lose the trade. But unfortunately, we never manage to control ourselves and we never take the demo funds seriously.

This is true and the exact reason why I indicated that not all traders started with Demo trading. There are some traders who recognize that learning to demo trade before they enter the live market can take a longer time because demo trading may not actually teach you the emotional side of handling your account and trading and that will be a new lesson for every new trader to learn after they have spent time demo trading. Some traders who have the money to risk in learning, skip that process, and practice on the live market with very little lot size. This approach teaches them the emotional side of trading too.

[SamReomo]

Other than demo trading, I agree with all of the points that you have mentioned in the OP. I think out of all those points, control over ones emotions is the most important one and without it a trader can't make profit as a trader.

I believe a trader should have a proper plan when they start trading and they should build their own unique strategy. It's easy to follow other trader's plans, and strategies but those won't be helpful, that's why a trader should have their own unique strategy that they use each time to make profitable trades.

[bounceback]

I have did with all step above but can running smoothly and always get failed, I am interested with trading challenge and has limitation around one week should earn profit around $500 to $1000. Firstly is running well and the first week my challenge success get profit almost raise $1k but on second week get problem how easily my coins trading drop drastically, not use feature stop loss and should be long term holder without unpredictable when recovering of my altcoin or bitcoin assets.
Need to deposit another fresh money and forget with some coins assets dropping, but I doubt will get the same with my last capital just taking profit in the firstly week than loss?

[tranthidung]

Some of these practices that I have observed are;

These are a few, and I am sure there are more from other traders, please share to the benefit of us all.

You list something contradict with each other. For example.

- Do not depend on signal groups.
- Practice emotional control.
- Join a community of traders.

If you want to have independent thinking, don't join any trading, signal groups or community.

If you do it, you will become dependable on others (thinking, signals) and noise in such groups, community will cause you harder to control your emotion. I am against this idea.

[Rruchi man]

You list something contradict with each other. For example.

- Do not depend on signal groups.
- Practice emotional control.
- Join a community of traders.

If you want to have independent thinking, don't join any trading, signal groups or community.

If you do it, you will become dependable on others (thinking, signals) and noise in such groups, community will cause you harder to control your emotion. I am against this idea.

There is a benefit to joining a community, being a member of a community of people interested in trading can help you to maintain the high interest in trading, and in times where you are discouraged, thinking of quitting trading, you may be motivated to keep trading from the motivation of other traders in the group who may share stories about their trading journey occasionally to encourage others like you.

You are in a community that is free, not a signal group where you have to pay an amount for fee monthly, and although you can be influenced from the analysis and chatter of other people in the group, the entire decision making still falls to you.

Being a member of a community will also help you to become emotionally stronger as you will learn how to control the influence of other traders on you.