Post
Topic
Board Trading Discussion
Re: Would like to start trading. Looking for tips!!!!
by
cryptoking1981
on 11/06/2019, 20:50:26 UTC
The way I see learning to trade is like investing in a business, education and career all at the same time.  The majority of people invest in those things to better themselves and do not see it as a loss.  You should not see your initial loss in trading as losses rather see it as education, investing in yourself and a potential future career or investment.

I believe in jumping in the deep end tbh.

I would say start by educating yourself about trading, charting, strategies and various indicators people use as well as margin trading. (youtube and the internet has everything you need to learn for free imo)

Sign up to 2/3 reputable exchanges and deposit small amounts of money only!! (as your learning to trade balance), one of these exchanges should allow margin trading.

Set yourself a ROI on your acccount balance of between 10% growth for the first year.  You will need to work out daily/weekly/monthly targets to achieve your goal.  You will need to understand trading risk to reward, position sizing, and have knowledge of stop loss placement and strategy.

If you can achieve 10% in the first year that will be a great achievement and you will be one of the winning 5%