Quote from: BigBoom3599 on November 04, 2019, 08:44:19 AM

Quote from: Omega Weapon on November 04, 2019, 04:57:37 AM

Learning by experience is a very effective way to learn but it is also incredibly painful, it is better to try to learn all what you can before you try to become a trader, if people did this I am sure we will not see as many traders making the same mistakes all the time, another factor against trading at this moment is that many choose to invest in altcoins because they want to multiply their bitcoin in a fast way but with altcoins in such a bad shape it is better to wait until things change.

Thats the thing about trading though, you can't really learn it from reading books (except for some TA basics), you have to learn from experience. One way to get experience without suffering losses is just trading without any money, write down every trade you would make but don't actually do them, then after a while you can see and evaluate what your result would have been. Or you can also just start with a small amount, that'll feel more realistic and you won't have to worry about losses.

And then when you feel you're experienced enough you can start trading real money Wink

You can learn in that way but very few traders take the time to paper trade, what I see most of the time is that they make a few of those trades and if things point out to a favourable outcome then they get convinced they can make money in the market when their sample size is too small to make those kind of conclusions, you need to do this for long enough to understand how your system behaves under many different circumstances, after all you may have a system that makes you a fortune in a bull market but if it losses everything during a bear market than that system is useless.