I'm new to the idea of bitcoin trading in general, and I was wondering how people actually get into it? It sounds like a lot of people have some sort of background in economics or finance, or work in trading in their day jobs and use btc trading as a sideline, are there a lot of people like this? Do people learn by losing money and then figuring out where they went wrong and correcting it?
No,you don't necessary need to have a background in commerce to trade.In fact,all the big traders I have met are technically good and probably analyze the data with own strategies.It's the same data,different views.To start with,always go for a small amount and remove that "get rich soon" dialogue out of your head.While experience plays a vital role,taking right decisions while the ability to take risks is more important.If you start with small amounts you can get an idea how the system works and on what scenarios you're likely to lose money.So yeah,start with a few satohi's and as you're getting used to the system,invest more.Again.,don't be over confident.Stay upto date with the bitcoin related happenings parallely.