Optimized Trading path for beginners

Trading is simply buying n selling. It’s not different from the regular business you’re familiar with and it comes with its own share of RISK, REWARDS and PSYCHOLOGICAL TRAUMA lol

There’s two major aspects to learning trading but first, you need to decide whether you want to trade cryptocurrencies or the forex market.

The two parts of trading is;

1. Learning the generals of the market you’re trading and how to use the platforms that enables them. You can do this on your own by watching YouTube videos and all that.

2. Learning how to analyze the market., here you NEED A GUIDE so that your trading journey can be shorter n less stressful so better get someone who you trust can teach you and pay whatever is needed for it. There’s 3 methods of analyzing the market.

A. Fundamental analysis; this is simply following the news and acting accordingly as some news can have an impact on what you’re trading (can be used on forex and crypto)

B. OnChain analysis; this involves tracking the flow of money on a crypto project in order to act accordingly (mainly used for crypto)

C. Technical analysis; this involves the use of price history and patterns to have an insight on what will happen in the future. Can be used on all markets and it’s the most popular method used by traders and that’s what your tutor will most likely teach you.

You can skip these hassle by engaging in copy trading. It is just a situation where you copy the trades of already experienced traders. You can check my spot copy @Rising33B to begin. A

If there’s anything confusing, you can make extra research or post your questions on the comments.

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