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iloveyobit

Becoming a successful trader with easy tipes

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I am new, my friend, in this forum, and I do not have enough information, and I do not want to lose. Trading here may expose us to loss by not having experience and we have to move away from feelings in our work, but how can we do that

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Thanks. We all need to know your valuable question. Basically, in order to work in this forum, you must first be aware of the rules in the forum. We all need to know how to be a successful businessman. If we act very smartly and thoughtfully, we will be able to meet our goals. For example, we will create a good post and it will give us a good rating. As a result, we will gain a reputation. We will be able to attract others. As a result, we will be able to become successful businessmen day by day. So, we have to work through adopting some technique. Thanks.

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Thanks dear member for sharing this information for getting successful trader. Yes you are right we should never invest only in a single coin we should try all the coins available in market and before investing we should also check their market cap to avoid from any kind of loss. moreover we should only invest that part of our earnings which we are ready to lose.

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Trading and investment is something which can prove as a profitable venture for the people who knows what they are doing again turn into a great loss for those who doesn't have any idea. A good investor must not invest in just one place. Like the proverb dont put all your eggs in one basket.  Similarly here also a investor must try their best to maximize their investment and bring variation in them. Remember investment is something where profit is dependent on the the foresight of investor. Emotion doesn't work here

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You are right my friend, these tips are very important and helpful for everyone who wants to trade or invest his money, if the price of one currency falls, another currency can balance our losses. You will not regret the loss and if you invest a large amount you are not prepared to reduce, the opposite will happen.

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On 6/26/2020 at 2:47 PM, iloveyobit said:

In order to control feelings during any transaction or in the market in general, you must divide the capital because this is the most important factor for the trader , In addition to this, you can use such advice on the market :

 

 

  • dont put  all your eggs in one box .
  • invest only what you are ready to lose.
  • dont trade using your emotions .

Please ask questions in the posts  and I will answer you.

I think your post is very informative for me . I am also trader. I know that don't invest all amount in one coin. For trading you control your emotions. For trading you have more knowledge about crypto trading. 

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First, be patient to achieve the goals Secondly, not to enter randomly without analyzing the currency and reading its chart And for beginners, they must rely on normal trading away from margin and futures contracts, as they are dangerous for them.

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hello friend thanks a lot for sharing your information thanks a lot for sharing tips of trading on cricket of your tips look like very useful I am a beginner and I have a plan to to start trading on crypto talk and I have come to know your tips will be very very happy for me so thanks a lot again

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In fact, I didn't have the nerve to start trading yet

I am still looking for the information to be daring. Thank you for these important tips. 

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Be patient and do not be greedy, beware of chasing the rising currencies and buying them, this is how you will lose all your money, you should buy at the time of the decline and sell when the currency is rising and not vice versa

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Thank you, my friend, good and useful instructions for everyone, and I add to them that we have patience when trading, because the profit process can be prolonged, so patience is the key to success.

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Honestly i don't like trading because the price is not confirmed sometimes it is so up or high sometimes it is very low nd It is very risky work nd to be frank i don't want to take any risk in my life because i am very scared of failure 

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I am currently investing, but without risking much. I allocate some money from what I get here and put it in the investment section and this will give me a good return. And if it ended up losing, it wouldn't be a big sum

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We must work within the investment world, but we must move away from the emotions that we have, because that will lead us to failure only. You must work within the information and rules set by the site, and everyone should not be afraid of failure because all members have failed in the first attempt and thanks

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In general, you wrote everything correctly. The phenomenon of dividing capital into several parts is called diversification, and is used by most traders in order to reduce risks.

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It is a good idea to share your experiences and the paper that you have learned with us, because this helps a lot in understanding things and how they are going 

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I advise you in the beginning to search for the most traded currencies, to learn and develop knowledge, and to plan before trading in order to avoid losses.

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Thank you for your advice. Trading is a large and complex field and it is not easy as some think. The pursuit of knowledge and learning a lot about cryptocurrencies and everything related to them requires. But with hard work and perseverance on it, we can become good traders. As a conclusion,  Buy currencies when their price is low and wait and be patient with them until their price rises and then sell them. This requires familiarity with technical analyzes and studying charts.

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That is some great advice towards the traders. In my opinion, to be a successful trader we all need to have patience,strategy and invest according to the market condition. You should only invest when you won't have nothing much to lose. Don't let your emotions control you in this thing.

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Well my friend, as a beginner here I want to learn the basics and principles of trading, I think these three tips are for experienced people, but honestly I haven't done any trading yet, please help me with some basic tips.

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Thank you, my friend, for this useful post, which helps the novice to understand how to work in this market, and contributes to the development and consolidation of this platform and protects the investor from exposure to loss.

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 remembered a friend who deposit 10 usd to a doubler website but that site did not give his deposit with double amount. Automatically, he got scammed. I told him that he deposit what he is ready to lose. He didnt listen to me. I included this in my comment because I just want to give them an example. It is actually happening. Those scams. Be careful specially in investing. Choose a legit website toinvest.

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wow dear what a beautiful phrase you are choosing that invest only those which you bear to lose and i am very thankful to you about sharing this information with us i must implement it my life whenever i start making trading and investment

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Dear friend, I agree with you. We must avoid our feelings when investing money

First, we must put part of the money in a specific deal because if we lose we do not lose a large amount. We must take advice from experienced friends and learn from them to avoid loss and help us win.

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YOU shared very wise tips here espicially the second point."invest what yuo are ready to loss" very well said there is always a risk of loss and one should prepare him/herself to bear it.

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