Important tips for beginners in crypto trading

[Abubakar Sadiq Musa 9]

we must learn from our past failures and make a good profit at this time around. 

[Cryptominded 704]

On 12/7/2019 at 11:13 PM, Loly said:

Some important tips and hints for beginners in crypto trading and would love to share here for everyone to benefit

 

 1. Investing according to your financial ability, at best in the beginning.

 

 2 - Avoid anxiety and impulsivity to make a decision in every transaction, losing deals at the moment may be successful in the future and vice versa.

 

 3. Do not invest in a single cryptocurrency, but rather trade in many cryptocurrencies. 

 

 4 - Do not trust false news about cryptocurrency trading, which comes from some investors inside some platforms or through various social media, you do not know the extent of their actual experience in this field until now.

 

 5- Draw yourself the path to success through specific trading goals such as following certain currencies and knowing the best purchase price as well as the best selling price in the short and long term, and always be a good researcher for articles related to cryptocurrency trading in the near or far future.

 

 6- Try to learn the analysis, whether it is technical or basic, then you must learn how to analyze a specific digital currency yourself, or rely on sites that provide technical analysis through certified experts.

 

 7. You must learn from the mistakes that occurred in the past, in order to develop your business, without learning to repeat the error again.

Before all that, a beginner should give priority to learning to trade, building skills and finally demonstrating what has been learnt with fake coins before commencing to trade live. that is the only way all the above can begin to make sense else it would all be a wild goose chase.

[Hendy1 370]

Innovative information. I think early traders must understand how to manage finances well in risky trading. The key to successful investment is how the person's skills can absorb all the information and apply it in the system to get a good profit.

[Slaymind 25]

There are many important tips and tricks that beginners need to follow to get good at trading.you need to check the rise and downgrade of the coins and should have the basic knowledge about trading.

[Nurul Huda 944]

On 12/17/2019 at 2:25 PM, Muhammad atif iqbal said:

The more you learn it, the better it will be for you And don't invest all your money at once And don't follow anyone but use yourself 

Thank you very much for the suggestion because for me it was a big motivation to build my morale better in the future, and I continue to learn something important and will not invest all my money and at the same time I will use what I want.

[Sabba092 115]

On 12/8/2019 at 3:13 AM, Loly said:

Some important tips and hints for beginners in crypto trading and would love to share here for everyone to benefit

 

 1. Investing according to your financial ability, at best in the beginning.

 

 2 - Avoid anxiety and impulsivity to make a decision in every transaction, losing deals at the moment may be successful in the future and vice versa.

 

 3. Do not invest in a single cryptocurrency, but rather trade in many cryptocurrencies. 

 

 4 - Do not trust false news about cryptocurrency trading, which comes from some investors inside some platforms or through various social media, you do not know the extent of their actual experience in this field until now.

 

 5- Draw yourself the path to success through specific trading goals such as following certain currencies and knowing the best purchase price as well as the best selling price in the short and long term, and always be a good researcher for articles related to cryptocurrency trading in the near or far future.

 

 6- Try to learn the analysis, whether it is technical or basic, then you must learn how to analyze a specific digital currency yourself, or rely on sites that provide technical analysis through certified experts.

 

 7. You must learn from the mistakes that occurred in the past, in order to develop your business, without learning to repeat the error again.

Yes these are the mistakes the newbie users always try to use this. But i am thinking  that we will learn this. And I am happy for this. 

[Irungu 4299]

Anything to do with crypto coins is very complicated and anybody who understand this are suppose to keep on doing the right things , there is a good effort to which one must make in trading crypto and that is to do some of the best research out there, dont just get into the market, that would be a huge mistake, but keep on making the right points for trading and it will be well for you

[Zeyazan 204]

That's really something to rely on on this site.Most of the existing members are beginners.This type of publication is the most sought after Thank you for that. Good luck to everyone❤️

[Ayush Singh 1175]

It is an very important post as it contains all the neccessary tips for the beginners and really it is very much helpful you shoud trade and invest according to your financial capability and also should not trust any news from the outsider. 

[kingzboleto 2]

very good topic bro but it will be more if u try to share your trading strategy with us to show us how its

[Syedbesharat 5423]

6 hours ago, Jone20 said:

Always remember that market activities are not personal. It is easy to say, but difficult to implement, especially in the midst of taking decisions in a split second. Try not to trade an emotional state and remember all the things you have learned.

Always do trading with cool mind if you are disturb then avoid trading make decisions in cool head because if we do trading in emotional state then we lost investment.So always do trade with right mind.

[Harris123 281]

Yep you are telling right brother.Investing according to your finance is very good and can be prove profitable for you in the future.

[hamadahajali 394]

Add to that the use of capital management and not to lay eggs all in one dish, and the most important is learning, then learning, then learning

[aymandr 206]

They have to be patient and not to rush and seize good opportunities.
 

[Gunhoo 91]

The most mistakes newbies usually made is trusting some false news from unknown sources. They will buy the news, and the result mostly they're losing their money because of that news.

[Nickibae 130]

On 12/7/2019 at 11:13 PM, Loly said:

Some important tips and hints for beginners in crypto trading and would love to share here for everyone to benefit

 

 1. Investing according to your financial ability, at best in the beginning.

 

 2 - Avoid anxiety and impulsivity to make a decision in every transaction, losing deals at the moment may be successful in the future and vice versa.

 

 3. Do not invest in a single cryptocurrency, but rather trade in many cryptocurrencies. 

 

 4 - Do not trust false news about cryptocurrency trading, which comes from some investors inside some platforms or through various social media, you do not know the extent of their actual experience in this field until now.

 

 5- Draw yourself the path to success through specific trading goals such as following certain currencies and knowing the best purchase price as well as the best selling price in the short and long term, and always be a good researcher for articles related to cryptocurrency trading in the near or far future.

 

 6- Try to learn the analysis, whether it is technical or basic, then you must learn how to analyze a specific digital currency yourself, or rely on sites that provide technical analysis through certified experts.

 

 7. You must learn from the mistakes that occurred in the past, in order to develop your business, without learning to repeat the error again.

Thanks a million mate for sharing this important tips here  as it will help me greatly in this forum

[Balegi 112]

15 hours ago, islamdipdip said:

It is the only trading course you'll ever need & includes a free evaluation for funding. The Ultimate Forex Trading Course takes the most comprehensive approach to trader training.........

Ok. 

But still no ending to learning as far forex trading is concerned.

[Ovis25 135]

I really need this information as a newbie in this crypto talk forum. The above information on on this topic made me understand some certain area in this forum.

[aymandr 206]

Thanks for these tips
Only everyone should not rush to understand things well, be aware of all new things, and follow up on all those who are old in this field.

[MysteriousIdentity 150]

On 12/8/2019 at 6:13 AM, Loly said:

Some important tips and hints for beginners in crypto trading and would love to share here for everyone to benefit

 

 1. Investing according to your financial ability, at best in the beginning.

 

 2 - Avoid anxiety and impulsivity to make a decision in every transaction, losing deals at the moment may be successful in the future and vice versa.

 

 3. Do not invest in a single cryptocurrency, but rather trade in many cryptocurrencies. 

 

 4 - Do not trust false news about cryptocurrency trading, which comes from some investors inside some platforms or through various social media, you do not know the extent of their actual experience in this field until now.

 

 5- Draw yourself the path to success through specific trading goals such as following certain currencies and knowing the best purchase price as well as the best selling price in the short and long term, and always be a good researcher for articles related to cryptocurrency trading in the near or far future.

 

 6- Try to learn the analysis, whether it is technical or basic, then you must learn how to analyze a specific digital currency yourself, or rely on sites that provide technical analysis through certified experts.

 

 7. You must learn from the mistakes that occurred in the past, in order to develop your business, without learning to repeat the error again.

This tips will surely help the beginners to understand on what steps they should take first before engaging into trading using their hard earned money. 

 

Trading will not be learned in a single day therefore it will be best if we will try to exert our effort in understanding the basics first before we will try it. 

[suzuya 945]

This is a really good information to help us beginners to start in crypto trading, all I know when it comes in trading is that use a legit website and don't act based on others predictions and based on our emotions because that is the main reason why some lose their money.

[bliznec 22268]

It is not worth worrying about your savings, because they are material thoughts. It’s best to calm down and move on. Every trader should know this. 

[khan22 3478]

On 12/8/2019 at 11:05 PM, silvergain said:

trips always helps people but very important issue is: whose gonna follow it? People are reading books, articles, speculating movements but while the time has come to trade, they do mistakes, and opening trades with high margin. So proper transaction with proper strategies will able to help you to make good profits for beginners.

Just follow the suggestion of those peoples which are good in status becasue they know the value of life and they make his life better, peoples will think that the words of the rich peoples will not good but the rich man see the life nearly.

[Brushless4500KV 4214]

On 12/8/2019 at 1:43 AM, Loly said:

Some important tips and hints for beginners in crypto trading and would love to share here for everyone to benefit

 

 3. Do not invest in a single cryptocurrency, but rather trade in many cryptocurrencies.

This is not a good advice for beginners because it is even hard for them to handle one coin. They have very little knowledge about each coin and it is better for them to invest only in bitcoin until they learn about price behaviors of most altcoins. So, it is recommended for newbies to trade with limited portfolio and avoid getting themselves busy with multiple coins. Trading with various coins is only good for those who have worked with all famous coins in the market and know about specific characteristics of the coins.

[Rishabh Singh 4]

Before investing , You have proper knowledge about trading .It's good to be Ventured, here I put more emphasis on experience, as op said in point 7 learn from mistakes.