Hey all,
I've been dabbling in crypto for a bit, mostly spot and futures trading, but now I wanna get into perpetual trading. Anyone got recommendations for solid courses or mentorship that focus on that? I'm looking for hands-on stuff with real-world results, especially on things like:
- How to set up entries and exits
- Using use wisely
- Position sizing to avoid liquidation
- Different approaches like scalping and swing trading
- Keeping your head straight in high-use trades
Thanks!
Honestly, you might wanna avoid use altogether. Best advice I ever got.
Just so you know, like 85% of traders lose money, especially those messing around with long and short positions. Stay cautious and brush up on risk management.
Just check out a few articles or some quick YouTube videos. Then try it out on a demo account.
You’ll get a way better grasp when you actually apply what you learn instead of just watching or reading. honestly, it’s you who needs to create a strategy that works for you.
There’s tons of material out there.
Most crypto exchanges have beginner's learning resources. For example, Bitmex has guides, and Binance has an academy. YouTube is also packed with info.
We can read all we want, but nothing beats real experience. Once you learn some basics, test them in real trading. Start small, you know? Minimum risk means minimal damage if things go south.
I’ve never paid for trading courses. If there are, they’re usually pricey, but I prefer learning from my own mistakes.
Sure, others can give you strategies, but their success doesn't guarantee yours. I generally don’t recommend use to newbies, but if you go for it, prepare for some risks.
Experience trumps any trading class. Honestly, it's better to find a friend who's good at this and learn from them. Most trading classes seem sketchy and might not provide real value. Start with a couple of scalping indicators, practice, and see what fits your style.
I doubt there’s any course with a proven track record. Most guides are basic. If you want to learn more, I can share some resources, but you'll have to figure out how to optimize them.
Do you still think courses actually help traders make money?
If they really worked, we wouldn’t have so many folks struggling here. Trading isn’t some degree you get by completing a few courses. It’s an art, which is why so many fail.
That’s spot on. People who think all traders are successful haven’t traded themselves. When you start, you realize that success isn't as common as it seems. Most of those who seem to win often have other streams of income.
For sure, you learn best from your own experiences. But why not learn from others' mistakes too? It’s smart to pick up basics from someone who’s practiced and succeeded.
Right, but consuming outdated materials could make you lose money. A lot of strategies just don’t work anymore due to market manipulation. Instead, stick to recent YouTube videos, and consider trading psychology lectures for the emotional side.
Many suggestions here, but I’d say check out this free course. It’s straightforward and uses simple language. The 'Undergraduate Senior' course is a solid pick; you can apply those lessons to crypto too.
If you want a grip on perpetual trading, check these links. They break down everything you need to know.
But really, you’re the one that needs to come up with your own strategies.
Not convinced that general guides are super relevant. They usually teach basic stuff, like chart reading, but don’t have a specific timeframe for effectiveness.
Best course? Honestly, it depends on you. Search YouTube for what you need best setups, risk management, etc. You'll find various courses, just pick the one that clicks for you.
Futures can definitely drain your funds quick. Many don’t realize how risky it is. If you’re learning, focus on spot trading first, and then think about futures.
To be a good trader, don’t just chase theories from courses or articles. Maximize your experience and build your own strategies. Trading is way more about applying what you know.