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The basic principle in trading for begginer

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It is true that this principle is the basic, but you must focus on an important point is that it is important to constantly monitor the price and know how to read the charts to reach the best point of purchase and the best date of sale and thus achieve the maximum profit


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On 5/27/2020 at 5:08 PM, Zaino34 said:

There are many rules that must be followed for the success of the trading process. The basic rule is to buy currencies when the price falls and sell them when the price rises and achieve profits through this difference. In addition to this matter, we must choose suitable currencies at an acceptable price.

Yes I am agree there are many rules not just one

But this rule will keep the Maine in work for begginer my friend 

Thank you

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Of course trading is buy the coin when it’s price is low , and sell it when the price rise , but to know what is the low price and high price , you have to learn many way to analyze the price of any cryptocurrency , and also you need experience , so i think you have to learn first , and try to take experience in the market by investing a small amount .

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So I can provide some tips to the beginners in trading. The first rule is don't invest every thing that you have. Only invest those whose losses you can bare. Always check the platform you are trading is genuine or not. Don't become greedy. 

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This is a splendid explanation of trading and it has made many beginners to easily understand it and they can now get started investing and try to make a profit.

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Buy coins when price falls and sell them when the price rises, yes this is basic principle in trading for beginner. You must have seen a few days ago the price of vechain coin was 40 sathosi and now this coin price is around 74 sathosi and I did the same with the coin I bought in low and sold in high.

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The basic principle in trading in the first days on the market is you need to know the best moment when you buy Bitcoin or other cryptocurrency at the best price, the simple strategies buying at the low price and selling at the high price.


 

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In principle, this is true, but sometimes when the currency falls, it is not necessary to go up, it may continue to decline, and after that you need a long time to go up if you want to trade correctly. You must monitor the currency you are trading on daily and monitor its own analyzes and projects in which the currency works until  You can reduce losses as much as possible

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Common strategies seems, buy cryptocurrency in the cheapest rate , wait sometimes and sell later when  price raise but actually there are other several factors too. Like, if you buy some cryptocurrency when the price is in highly volatile state, no matter even if you have bought in the cheapest rate , you have to wait for a long time if price for such currencies keep sharply decreasing. So also be able to analyze the market trend with support and resistance for some specific currencies. 


 

 

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There are a lot of basics for trading that you should learn before you start in the field and we cannot put it or summarize it all in one topic, but the most important thing is that you buy from the bottom and sell at the top.

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On 5/31/2020 at 3:27 AM, George10 said:

Sure that's the only basic principal that is advised to beginners who have no much knowledge in trading cryptocurrency because it's simple and straight forward but one needs to know the best time to buy and sell his or her coins.

Just ask for some advice from experts, they will let you know when to buy and when to hold so you will know some trading strategy that you can use someday. 


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Just now, Dark_Sky said:

Just ask for some advice from experts, they will let you know when to buy and when to hold so you will know some trading strategy that you can use someday. 

You are right experts can help us know the right time to buy or let me say they can help in our trades since they have much knowledge in the crypto world but we should as well come up with our own trading strategy instead of just relying on experts thanks for your advice.

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That is the basic principle for a layman person but there are something that need to be know for a beginner regarding trading that is when to buy a coin or which coin is suitable to buy and so on.

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The basic and primarily requirement for making trading in good results to making trading with high information based and market trend based always try to make your with chance of getting profitable investment on each trade you make on this market. 

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Make  sure you invest in a good coin and make some proper research before investing so that you cannot lose your money.

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You need first to check your capability on making a trade and starting with your capital. And you need to know what is the right coin to use an asset in trading. You need also to have the characteristics of a good trader like having a long patient and controlling your emotion and stress. And always feed your self from knowledge about trading cryptocurrency.

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We have to choose a suitable currency and the basic principle iss to buy currencies when the price falls and sell them when the price rises and achieve profits . As we all know that it is important for us to trade and purchase the best cryptocurrency with a lower price 

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The process of trading is very easy and the difficulty lies in analyzing and predicting the movement of the currency will rise or fall

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THINK POSITIVE

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On 6/2/2020 at 11:00 PM, P A Ashif said:

So I can provide some tips to the beginners in trading. The first rule is don't invest every thing that you have. Only invest those whose losses you can bare. Always check the platform you are trading is genuine or not. Don't become greedy. 

That's right just start with small investment then try to make it grow by using your strategy. 

Don't rush and think wisely for you to avoid some lost when you not succeed. 

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You are given a very beautiful topic in a very simple language and I think every new beginner can relate with it to get some basic knowledge about trading and the things going on while trading and in my thinking basically trading is the place where you can put your prediction about the currency with your money.

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Thanks for sharing this mate. We can check all the movement of the crypto coin in some other sites so we can track the movement and which coin is the good to buy and hold it and trade it when price rises. Thanks for this forum i learn so many things about crypto.

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On 5/27/2020 at 9:44 PM, issa123h said:

The basic principle in trading
What is the basic principle in trading for beginners
It is to buy a currency for a cheap price and then go back to sell it when the price rises
It is the cornerstone of commercial transactions that will build your answer in the world of digital currencies
It is an easy principle to apply but only needs to monitor prices well

Just a simple concept yet not easy as it sounds since the price changes need to be monitored carefully and it needs calculated risk in order to have a good trade. Every major events in the globe can be a factor of changing the prices of stocks that is why being updated in news is one key to anticipate price changes.

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This is essentially the basic principle of all trading whether it is for beginners or if it for experienced users as well. In order to make a profit the aim is always to buy at a low price and then to sell at a much higher price and i think that if you really do this careful any between different coins you can make a great profit. As a beginner however it is very hard to be able to do this, especially because you will be unsure about which of the coins to invest in therefore the choice is hard. but i think at the stat you should invest in well known and stable coins and monitor their price.

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On 5/27/2020 at 9:44 PM, issa123h said:

The basic principle in trading
What is the basic principle in trading for beginners
It is to buy a currency for a cheap price and then go back to sell it when the price rises
It is the cornerstone of commercial transactions that will build your answer in the world of digital currencies
It is an easy principle to apply but only needs to monitor prices well

It is easy as it sounds but it is no joke when you are the one who will do it since it is basic concept yet you need to timing when do you buy or sell and one other things is that you must able to predict the price changes by understanding what factors can affect the global exchange. 

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Buying low and selling high might be the basis but it's a lot more than that technically. It sounds easier than in practice. There are over 20,000 active market, choosing the best ones for effective profits is hard. Hence there is need to study the market properly and have some analysis skills of what the future might hold on for prospective investments.

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