Important tips for beginners in crypto trading

[deepown 0]

Even experienced traders could use this, they sometimes feel so confident and start playing off the game.

[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.

All of your tips are very useful, what I can add is try to be patient in every time you transact your investment or you are going to trade as it will help you to be calm while waiting for the right time to profit. 

 

Aside from that, you should exclude greediness especially in trading. As greediness will eat you someday even if you already become successful at the start of your trade. And lastly, be contented to what you have earned even if it is very little as it is better rather than losing your investment. 

[SuperCrypto 7193]

Everyone understands the importance of an appropriate education for success in trading. The best way to learn is to visit the page and forums for digital currencies and educational articles here, and study the terms of trading in order to facilitate understanding of the rules and methods of trading.

[SuperCrypto 7193]

Control of emotions during trading is a must and must. The psychological comfort and confidence are reflected in the behavior of the trading process. Successful trade must be based on logical principles that are not controlled by emotions.

[Sasaki 171]

It's a useful information especially for the other user who still lack in trading, well as for me I'm just having a patient when trading and observing how the market works so I cannot miss the opportunity if crypto rise. 

[ram007 391]

very nice tips. this must be considered by every people that wants to enter the world of crypto. you must not jump into the trading world without having knowledge about this vecause lacking in knowledge are more prone on losing.

[SuperCrypto 7193]

Avoid fake platforms and scams by checking out platforms and dealing with only known platforms. And it worked
Full search for any platform or portfolio before creating an account. You can inquire about counterfeit platforms and wallets in groups concerned with discussing crypto.

[Ovis25 135]

On 2/5/2020 at 4:10 PM, pmomtenegro said:

As in everything in life, the best way to learn is to do things, in trial and error mode. Since then the cryptocurrency trade is no exception. But despite this, it is good to take into account the advice of those who have traveled the path one wishes to do. Comfortable in everything in life, the best way to learn is to do things, in trial and error mode. Since then the cryptocurrency trade is no exception. But despite this, it is good to take into account the advice of those who have traveled the path one wishes to do. I clarify that these tips are not my responsibility, but of a compilation made. For that reason we compare a list of ten basic tips for beginners in the world of commerce applied or not to the crypto market. Any form of negotiation you make at the beginning will have a 50% - 50% chance of losing or winning. Trade can generate profits if it is done well, or you can lose your capital easily. The mandate of the investments that you must tattoo on your mind is: "Invest only the money you can afford to lose." It's about taking calculated risks. The rest will be good or bad experiences and what is expected with that commandment is that bad experiences do not leave you in ruin despite losing all your money invested. Hence, you just have to lose everything you can without leaving you bankrupt. Before sharing the tips, the key recommendation is that it will always be convenient to start with simulators, virtual money or demo accounts of the portal that you like. Without further scrolling, these are the tips to follow ... 1- Investigate "Whoever asks advice on his savings from someone who is not knowledgeable in the matter will have to pay with his savings the price of the falsehood of the councils" - The richest man in Babylon. The tips will always be good because they are free and that is why if they became bad they could cost a lot of money. So your full responsibility as a trader or investor is to investigate everything about the instrument you want to trade on. Assume that commitment and that responsibility with your money. } Remember that money represents the energy, effort, work, time and knowledge invested to generate or produce something of value, so it is worth devoting research time to any investment or trade to manage it. Do not blame anyone for your bad investments, nobody will force you to invest will always be your decision. 2- Plan before investing It is very important to plan your steps in advance and not go blind first. You can start

You're very right. This is a great guide for newbies like us and it worth trying, many of us fail because of lack of some knowledge but with a understanding we can get to success.

[Lacktxz 13]

I am new in trading, I don't know where and how to start. I am reading and watching videos to learn trading. But this forum helped me a lot because they are not only paying you to communicate to people, But also they are paying you to learn.

[Shahud 1319]

On 12/9/2019 at 3:37 PM, Whydoyoucare said:

Well said, this kind of stuffs will really beginners in crypto trading, this forum is great, not just by giving you payments but also this kind of tips and also this forum can aware us for scammers new idea. 

Yes .this post is very usefull for all the brginners and experience personn too.as a trader we should never be panic about the selling .and aslo we should never concentrate on false news and hyoes regarding the trading .

[BitMart 326]

If any beginner want to join this crypto trading this surely first of all he need to check is this good for him or no because if he can understand this all then surely he can take risk if he is not able to do this then better never take any risk after this he need to check which method is good for him is long term investing is ok or he can handle short term trading as well because these are very basic and important things for every beginner need to check last but not least just invest which you can afford to lost.

[phizusiki 239]

When there is no balance between supply and demand, prices will have a certain direction, and so if the number of buyers exceeds the seller, the price will increase. So many people go into trading and keep thinking "buy low, sell high" but they don't know what to look for, so they keep getting caught on the way down.

[Shaza Ahmad 1682]

These tips are very valuable, thank you, investing capital in only one currency is very dangerous, maybe it will go down and the loss will be doubled, so the best is as you said that investing in several projects at the same time, and also away from false news.

[Razan alikac 1899]

Thank you my friend for this important information and advice, and it is important that we rely on ourselves and develop our expertise in analysis and not only trust the news

[Oxygen 1004]

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.

That is a good information you shared, point number six and seven are very important to understand especially for new joiners. Learning by yourself is best strategy to overcome losses.

[Lakhkarkhan007 36]

Beginners need.to comment on write.and do in good post. Do not copy paste of others. Do not use more than one account.with one IP address otherwise.your account will be hack.

[Cr7seven 24]

On 12/27/2019 at 7:40 AM, Hamk said:

The tips makes the beginners to be happy, they see all way to learn and make the most out of the market

My advice to any newbie  in the forum is that he/she should make sure they read the rules and regulations that is guiding the forum before they make any post

[Beromnia 733]

Welcome with me
Thank you, good topic
Trading means risk. In order to avoid the greatest percentage of risk we have to learn the art and techniques of trading, entering or exiting the deal at the appropriate time
Learn technical analysis of the cryptocurrency personally without relying entirely on others ’analyzes

[AmjadBydn 0]

This is really good topic ! I gave you a hear because you deserve it ! I think this post must have at least 10 reputations ! I wish you all the best 

[Ahmeddominik 126]

11 hours ago, Basel098 said:

Be patient and choose good and interesting topics that benefit everyone and do not provide repeated information and do not copy from anyone, and this makes you better here.

Rules are the most important thing in this forum, and I recommend following the laws of my friend and not to repeat posts and not to write a topic outside the main topic

[phizusiki 239]

On 12/9/2019 at 8:39 AM, nasipadang said:

I disagree with this, actually for investment it's true, where it would be better to diversify. Whereas for beginners trading in many of coins will only make their management chaotic. At least it's better to trade on one coin and see how you do it and learn from it.

First never use bots or trading signals. Second do not use your salaries and loans for basic fund. Finally, never repeat the same mistake. Trading in accordance with the right strategies will be able to help you earn good profits for beginners.

[Ms.o 3322]

Those you mention are all right,beginners must know those things to lessen losing of money,in addition to that beginners must have patience as every beginners made mistakes and that's part of learning.

[SuperCrypto 7193]

Many studies have always tended to study the influence of the psychological factor on trading, which plays a pivotal role in the trading process, as some traders are affected by market fluctuations, which leads to their dispersion and absence of their mind and a lack of reaction speed when needed to make a quick decision.

[SuperCrypto 7193]

The Forex market is constantly changing, so the trader should be able to understand the ups and downs in this market. There is no embossed formula or set of rules to ensure the success of each individual trader. Instead it is a mixture of many things at once

[Darkelf11 262]

The best thing that a beginner could do before stepping in on trading, is to assess himself/herself. Also at least always have an access to the latest news so you could have the latest ideas that you could have. Learn from yourself, and make some practices. Experience will be the best teacher so it's also good to start investing for just an small amount of money. Do not be fooled by other traders.