How to Learn Crypto Trading from Zero: Beginner to Advanced

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Article Summary

• Choose a Legal Platform: Use an officially registered exchange like Pintu to ensure asset security and legal protection in Indonesia.
• Prioritize Education: Understand basic technical and fundamental analysis, and focus on lower-risk assets like Bitcoin (BTC) and Ethereum (ETH).
• Use Safety Features: Utilize Stop Loss, Take Profit, and DCA strategies to manage risk, preserve capital, and maximize profit potential.
• Control Emotions: Avoid the “All In” mentality, overtrading behavior, and getting caught up in FOMO to keep investment decisions objective and planned.

The First Steps to Crypto Trading for Beginners

Bitcoin Trading.

Crypto trading for beginners can be very confusing. Most beginners don’t know where to start learning how to trade. Also, the sheer number of learning resources on crypto is usually a deterrent for most beginners. In fact, the first steps to start trading are actually very simple.

As the popularity of the crypto industry continues to rise, the experience of starting crypto trading has gotten much better. Users no longer have to learn about how blockchain works and understand how to create a wallet. Now, all you have to do is download a crypto trading exchange app and create an account.

Here are the first steps to crypto trading for beginners:

1. Choose a legal exchange platform: Use a crypto trading platform that is CFX-licensed and authorized under OJK, such as Pintu, Pluang, TokoCrypto, and others. This ensures all your trading activities are protected by Indonesian law.
2. Sign up and verify your account: As with all financial apps, you’ll need to upload a photo of your ID, a selfie, and fill in other details as part of the KYC(know your customer) process.
3. Basic Crypto Education: Read articles on Pintu Academy and the Academy class beginner curriculum. In addition, you can also watch tutorial videos on Pintu YouTube.
4. Deposit funds: Once you are confident and understand the basics, you can start depositing funds through bank transfers and virtual accounts.
5. Choosing the right asset: As a beginner, always focus on large market cap assets like Bitcoin (BTC) and Ethereum (ETH). You can start exploring the altcoin sector if you are familiar with the crypto market.
6. Do risk management: Determine your profit target, maximum loss tolerance, and whether you want to invest or just trade crypto.
7. Open and monitor positions: Start trading or investing in crypto with a small amount to keep potential losses small. Check your portfolio regularly.
8. Read about the market situation: Don’t forget to read about the crypto market regularly. You can read Pintu’s market analysis and weekly signals every week.

Crypto Trading Tips for Beginners

1. Learn How to Do Fundamental and Technical Analysis

Source: StockBit.

Fundamental and technical analysis are two of the most important skills for trading and investing. Traders will focus more on technical analysis, while investors rely on fundamental analysis to select assets. At the very least, you should have a basic understanding of both to minimize potential losses.

Fundamental analysis is a type of analysis that focuses on the fundamental value of an asset. In crypto, this analysis will relate to the product, team, and tokenomics of a crypto project. Meanwhile, technical analysis is a type of analysis that focuses on the price chart of an asset.

Technical analysis of crypto assets will not differ much from other assets such as stocks and currencies. However, fundamental analysis in the crypto industry will be very different from fundamental analysis in the stock world.

2. Must Use Features in Crypto Trading and Investing

1. Stop Loss and Take Profit: A must-use feature for traders to automatically sell an asset when it reaches a certain profit or loss level. Most novice traders often forget to use these features and end up incurring significant losses.
2. Limit Order and Market Order: A limit order is an automatic purchase feature at a price that we specify. This is in contrast to a market order, which will buy the asset at the current price. For example, BTC currently costs $94,000. You can save a limit order to automatically buy Bitcoin when it reaches $70,000.
3. DCA or Routine Saving: DCA(Dollar Cost Averaging) or routine saving is a feature suitable for beginners who want to invest in crypto for the long term.

3. Common Beginner Mistakes When Trading Crypto

1. All In Mentality: Most beginners think that buying or selling one asset should be done all at once. This is an example of the all-in mindset that many crypto traders have. By buying or selling all at once or only focusing on one asset, you will not have a buffer or cushion when market conditions deteriorate. As a result, the potential loss will be quite high.
2. Overtrading: Overtrading usually occurs when a trader is experiencing substantial losses or gains. When you have a big loss, you will want to recover the loss quickly. On the other hand, when you’re making a big profit, you believe all the trades you take will be profitable. Both are bad situations because you’re usually not analyzing and making emotional decisions.
3. FOMO: FOMO, or Fear Of Missing Out is an emotional sentiment that can happen to anyone. Beginners and experienced traders alike can be affected by FOMO to buy an asset that is being talked about. However, it is more dangerous for beginners as they are usually influenced by famous influencers to buy an asset. Decisions based on FOMO are also usually not based on proper analysis.

How to Trade Crypto on Pintu

1. Create a Pintu account and follow the process of verifying your identity to start trading.
2. On the homepage, click the deposit button and top up your Pintu balance using your preferred payment method.
3. Go to the market page and search for your favorite asset!
4. Click buy and fill in the amount you want.
5. Now you have crypto assets!

Download Pintu crypto app on Play Store and App Store! Your safety is guaranteed because Pintu is regulated and supervised by Bappebti and Kominfo.

In addition to making transactions, on Pintu app, you can also learn more about crypto through various Pintu Academy articles that are updated weekly! All Pintu Academy articles are created for educational purposes, not as financial advice.

How to trade crypto for beginners FAQ

How does crypto trading work?

Conceptually, crypto trading is not much different from trading other assets such as gold or stocks. The difference is that crypto assets run 24 hours without any breaks or holidays. In spot trading, you just buy assets and get profits when the price rises. In Futures, you can potentially profit when the price goes up with a long position and when the price goes down with a short position.

Can crypto be cashed out?

All the profits you get can be directly disbursed to your bank. All you have to do is sell your assets and click the withdraw button on the Pintu app homepage.

Where can I trade crypto in Indonesia?

Choose an application that has been registered with the OJK and is officially a member of the CFX exchange such as Pintu. After that, register an account, do identity verification (KYC), deposit funds, and then buy assets. You can open the market page and search for crypto assets, digital gold, and also tokenized stocks.

What is the minimum amount for investing or trading crypto like Bitcoin?

The minimum price for investing and trading crypto on the Pintu app is 11,000 rupiah. You can buy assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) with a small capital.

When is the best time to trade crypto?

There is no best time to trade crypto because what matters most is your strategy and analysis as an investor or trader. However, crypto assets tend to experience significant movements during US hours.