The basic principle in trading for begginer

[Dark_Sky 8489]

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 buy coins when the price is very low so you can earn more profits when you sell your coin once the price rise in the market. 

That's one of the use strategy here in cryptoworld. 

[DiamondBit 720]

You have to  be patient, learning and learn, using low amount to begin, $10 is okay but people are greedy and lose, buying at the top market I wrong, checking the coins daily and analyzing them will be  accurate. 

[Projectcrypto 4382]

This principle is not only for the begginers but for everyone including the professional investors because no one will buy coins when the price is already high and expect to earn profit from it so the basis principle every Cryptocurrency traders should use is to make sure they buy good coins and at lower price so that they can earn good profit in the future.

[iloveyobit 6599]

It is not that easy at all, especially when the market reflects on you, so when you buy from the bottom and the market reflects, you will be considered to have bought from the top and lose.

[sayems 1513]

Your post was very helpful for begginer and newbies. But i think for    begginer a rules will play the most important role. And that is buy a currency for a cheap price and then go back to sell it when the price rises. Is was very useful thing. 

[Alimhana930 1605]

The first advice is to choose a good entry and exit point based on the analysis of the currency and not to pursue its price to the top, as the price may reverse and start to decline. This leads us to the second advice, which is to adhere to the terms of the correct deals to collect profits safely.

[Guru2050 8284]

Part of the fundamental needs for a beginner before to jump in to the trading and investment making, is to first acquired the required experience, skills and diverse strategies to help him scale through and have a smooth running profitable trading.

[Dorjoy12 8962]

My own idea for noob is never go for trading because its risky for them as they dont have much idea abour crypto world and dont have experience too About trading.. So first they need to be prepared to so trading because if not they learn  first then without any doubt they will lose like other noob Member..            

[Thekingcallme 1975]

Yes, this is the idea of trading, which is buying at a cheap price and selling at a high price and making a profit, but the matter requires experience in analysis

[Mella 3680]

On 5/27/2020 at 4:44 PM, issa123h said:

buy a currency for a cheap price and then go back to sell it when the price rises

This is what we must always have in our mind to be doing and sell for profit but also keep in mind that we have to find the top to sell. It is easy to say that but I am hard to find the real low and high price. But profit is profit so we have to take it.

[Mella 3680]

I am known that this is a difficult game and I am trying my best to succeed in trading. Sometim if I have many trades wrong I take a break and go for walk to think of my plan and where I did not follow. Beacuse the plan has everything set or it should have them. So I am think why this cost me more than was planned and the answer is that it was lack of knowledge. So I study more and learn more to reduce the risk and manage.

[lharost 1526]

Unfortunately we have no specific principle in trading that can give you 100% certainty that you will be successful in your trades, but there are some steps that you can take before trading and investing that can help you minimize the loss/risk and maximize your profit, one of those steps is to find and get one book about trading (such as "Market Wizards" and "Technical Analysis of the Financial Markets") and read it thoroughly so that you have total grasp on the concepts of that book before entering the market.

 

Secondly you have to practice what you learnt from the book in a non-risky way which you can do that with exchanges testnet site, for example bitmex has a testnet which you can trade there without depositing and risking any real money and after a while if you felt that you are prepared for the real trading experience you can deposit a very small amount of money to the exchange of your choice and start from there.

Edited September 10, 2020 by lharost

[Waqar Satar 500]

There are many principles of successful trading. This is a basic rule that you buy currency at low price and sale it at a high price. Yet for this you need knowledge of the currencies along with the idea of marketing and its exchange value

[Honny143 13612]

On 7/9/2020 at 2:05 PM, DiamondBit said:

You have to  be patient, learning and learn, using low amount to begin, $10 is okay but people are greedy and lose, buying at the top market I wrong, checking the coins daily and analyzing them will be  accurate. 

Patience this quality really needed a trader before buy any coin are sell, because its not easy to predict any coin price how much prices drop, so wait for the right time if we didn't understand then in this cause indicators play Major role, when any indicator signals over bot situation then buy, and when signals over sold then sell its perfect strategy, but in between Price increase or decrease time gap we need patience, and enter market in right time its important.

[percare 3192]

The buy low and sell high narrative is easy to tell but hard to follow. It can be said it works for Bitcoin, Ethereum and a few more coins but not for all as we might buy a scam coin low and it goes even lower and we still lose our money.

[Maaz sultan 265]

On 5/27/2020 at 6:44 PM, issa123h said:

It is to buy a currency for a cheap price and then go back to sell it when the price rises
 

Yes this is very simple definition of all kinds of trading but if you are new in this field then start with top crypto currencies and start with less amount and practice for at least 1 week .

[duncun007 3577]

On 5/27/2020 at 4:44 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

when you put it like that it sounds so easy but in fact it isnt this easy, buying a coin cheap and selling it high is one of the most complicated things to do because you have to know the top and bottom of each chart and it takes a lot of time how to determine it.

[Marks33 535]

On 5/27/2020 at 2:44 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

As you said the basic principle for trading is buying at low price and later sell at high price but that is not all we need to know when to buy and the right time to sell and  l think we also have to trade coins with good potentials in order to earn profits.

[Mark wood 2970]

Yes the basic thing is that the new members to know about all the markets for buying some coins in low price for the purpose of high price to earn some extra first you have to learn marketing then you will have a great idea about any coins..

[decemberends 1881]

as a beginner investor its a thing to start low and better off to invest different types rather than one as many types can help alot in many ways especially something just in case happend to one of your investmest few more other investments are left so you didn't lost all of your money.

[kryptonick 2659]

Yes of course we need to buy low but do we know if it can't go down more? I think taht it is better to buy when we notice a reversal and prices start growing again. There is of course what we call a fake out but these happen and will make us holding bags and hoping. So what we need is also a stop loss. Depending on the expected returns we exit before losing too much.

[Ridam 7455]

Basics in trading is to buy at low and sell at higher price. But there are many difficulty that arises while determining these factors. And I strongly suggest you not to use basis for the trading. You need to expand your knowledge and do your research before investing and trading the coin.

Try to understand charts, learn fundamental analysis and the market situation. If you grab enough knowledge and been tracking market for long time then you can go for trading in my opinion.

[iloveyobit 6599]

Yes, the simple basics of trading are buying from a low price, selling at a higher price, and taking profit, but crypto is not that simple because he does not have the largest amount of currency and often controls the price.

[yonkii 3205]

Yes you are correct this is what we must do to succeed and I am waiting with the few money I have to buy the dip and start my trading without a loss. I also read other post talking about patients in trading and I have that because I can wait enough for a drop. But trading is not as easy if we buy at a high price and it start droping after that, we will have to sell with a small loss or wait for a long time.

[Sarahden111 1231]

The best advice is lack of greed and patience And then learning to learn the analysis of various kinds if possible, in addition to learning the basics and conditions of trading, how to manage capital well, and all these funds are available on the Internet and YouTube.