Trading Advice to Newbies.

[camren653489 57]

Ya after see OP said that he is on Cryptopia hope he not get that experience or maybe he already cashout his money from that site. And for Dogecoin, it is good coin to prractice because it's movement not really extreme but still can be felt.

[miran523 70]

For sure we are not having any kind of knowledge from birth every one will have to struggle for gaining experience and for this it is very important to take start, new traders should only try to get fine knowledge about trading and then should trade for long term, time makes everything good so yes new traders are very important for price quick recovery, it is best time for them to invest.

[T.H Nayeem 166]

On 10/28/2019 at 7:51 PM, Collectibles said:

I see a good number of questions on trading and I decided to post some trading advice. This comes from experience in real time trading, and lessons learnt from a huge loss in my early trading days. 

First, you’ll have a good chance at being a successful Cryptocurrency trader if you start by yourself, no 3rd party, just you making the decisions. The good thing is you would learn from your experience and in the long run, you’ll be able to maximize profits. This includes going into some big time research.
 

Secondly, Start with a capital you can afford to lose. Don’t invest all your life savings, always start with an amount you can afford to lose. At the end of the day, be happy when you make profits and if you lose, you would have earned experience. 
 

Thirdly, use a reputable exchange. Research on the best exchange to use, trading fees, trading features, withdrawal options and privacy. I’ll advise you trade on exchanges like Binance, Yobit, Bitmex, BitMax and Bittrex, these are some of the exchanges I use. Transparency and Safety of your trading funds should be your watch word. When you decide on what exchange to use, next you have to master the features. There are YouTube videos on how each exchange works, you should watch them. Most exchanges do have a Demo account, you should try this just before you decide to fund your account. 
 

Fourthly, pay attention to the media. Not just that of blockchain adoption in your country but the world. Crypto related forums like Cryptotalk, Twitter and Reddit are helpful media tools.  Like they say, “Buy the Rumor, Sell the News”. 
 

Next, learn to take profits. After a few profitable trades, make a withdrawal from the exchange and store your crypto profits on a personal wallet. Don’t store your profits on an exchange. Only trading funds should be left on the exchange. 
 

I’ll do well to update this thread with more trading tips. 

It’s very important to note that there are other options to making crypto profits. One of which is Long term Holding. 
 

Don’t lose your crypto trading if you can’t manage risks, instead learn to Hold Long term. 

Thank you to sharing your experience. I really like you to this tips. I again told you thanks. I like it. Personally I am a small trader. I was follow above tips. Now I am successful. Unfortunately, firstly I was lose lot of money. But I always learn every lost and every mistake. Now I am happy. 

[ajizz 195]

trading advice for beginners, I will give the most important advice to become a great trader with a little loss for you. above all, you should not make a purchase on a Token / Coin if you do not know the exact situation that is happening.

You have to be disciplined, before buying you have to analyze technically with graphics then decide to buy if the token / coin releases good news. that's the most appropriate time.