3 Traps That Beginner Traders Need to Know

[ceepeethree3 5]

On 2/9/2020 at 11:15 AM, Shivam1 said:

Thanks for this information. Yes you are right there are many cheap and fake tokens are available in the market. But we should alert before buying the coins. 

thanks for this, from now on i will be more aware about buying coin because i did'nt know if it is real or fake, this is very heplful for me thanks.

[AmjadBydn 0]

I think emotions are good to tell us how can we decide ( when to buy and when to sell ) and if we track the whales we can make a good profits .

[malik6314193 5449]

Good information. I appreciate your work. We should post positive and some full of knowledge posts here that beginners can learn from here and didn't do that mistakes.

[Sabnir 31]

show appreciation you for selection us with advantageous tips. essence in a rush whereas trading is not profit for the reason that you tin at sea your money. You say to be custody and unyielding your trading bit by bit subsequently that you bottle get I beg your pardon? you do.
 

[AmjadBydn 0]

On 2/9/2020 at 5:08 AM, Afrizal rahman said:

1. Using Emotion
Using your emotions to make your trading decisions is a mistake that you should be aware of. One factor that can damage traders' portfolios is "making decisions involving emotions?"

My friend I think emotion is something good ! 
but we don't have to take the decision just on our emotions ! and sometimes we can't go to any rule to take a decision ! 
 

[tienda 8776]

Thank you for introducing your knowledge on your topic here, because is very important to know that trading is not easy, is not just sell or buy, you need to know the moment where you buy and you sell and to have some knowledge about how to analyse the cryptocurrency market situation.

[Gaurav kumar 972]

I think there are many things that beginners need to avoid and verify during their trade. Trading is not that so easy as it seems as it involves a high risks of loss. They need to verify each and every information and then only take a particular decision.

[Cammer 4609]

On 2/9/2020 at 5:08 AM, Afrizal rahman said:

3 Traps That Beginner Traders Need to Know :
1. Using Emotion
Using your emotions to make your trading decisions is a mistake that you should be aware of. One factor that can damage traders' portfolios is "making decisions involving emotions?"
2. In a hurry to buy cheap and unverified coins
Rush to buy cheap coins that are not verified is something that must be avoided. Because there are also thousands of cheap and fake tokens.
3. Trust all the information you read
This is a big trap that you should avoid. The internet has made news accessible to anyone. Therefore, you need to be careful with the news sources that you get.  More importantly, do your research before applying any recommendations.

 

Those are the three pitfalls you should avoid, if you want to add, please.  Don't forget to like if you think this is important and give input if there are errors.

Thanks for sharing this I'm sure beginners will find it very helpful. I would like to add something that all beginners fall into, which is believing that they could get rich quick out of the internet, so they get disappointed really fast after they fail for the first time!

[George10 9932]

The information is straight forward its true our trading shouldn't be based on emotions and we should avoid investing in new coins that have not been certified yet to stay safe from scam coins that only exists for short period of time.

[bentayebsalah 2280]

Yes, your words are true, these are the most popular traps that novice fall victim to due to impatience and haste, as well as greed and the pursuit of quick profit, and this is what makes them lose in the end.

[kizz 3370]

I really agree with you, in addition all the traders must be hard working and have patience in order for them to be successful. Crypto is not that stable so being wise also is needed.

[Raqeebzy 6456]

Yes, that's why most lose their investments in short time. Beginners have to be patient and learn from experts and people with experience so they won't have their investments lost. 

[Virgil dijk 1431]

I agree with you for we to be successful we have to do away with our emotions when taking decisions in Cryptotalk , and also we should try as much as we can to avoid new coins with cheap price because most of them could be scam coin .

[Jahida 67 960]

You must know about this comment. When you can acquire all the details here, you will get the best profit by trading in all aspects.

[Prince90 668]

Well this information is very helpfull for the begginers and also for me. Also begginers should keep in mind that they shpuld always invest money in crypto which they can afford to loose.

[Wilmer Garcia 0]

First of all let me congratulate you on this great work you've done and thank you for these important advice from you 

[Saj555 2250]

This is a very important lesson for all the users who want to trade. These traps are always available every places. So to avoid these traps you can do some things. Like

• Alwaysresearch about the details you find in a project 
• Never be in a hurry or in a excitement 
• Make sure you are seeing the right value and investing in a legit platform. 

[jamesvince 2389]

Making huge mistake by the new investors and traders. They made decisions in emotional ways it means when they loses fifty percent investment then gave give up and made again trade with double risk and on luck basis and in this ways they loses their all money what they invested into crypto market. 

[lharost 1526]

Using emotions is the main problem with almost every trader and it is really impossible to find a trader that does not involve emotion in trades at all and at any point, traders more than anything else should learn to master their emotion.

[Megalovox 707]

Main trap - "If it goes down for a long time, it will grow now, right?" i saw many people that lost their money on it. Second trap - fake trading platforms. You need to check it when you are going to trade youre crypto.

[Yunusalemu 0]

after stumbling on this article while browsing through the forum postsi had to stop and click on this to knw all the traps, I and i must say this is quiet educative, I not just only for the beginners in the crypto currency trading world but also those who already belive they are exparts too

[Lover840 0]

On 2/9/2020 at 8:38 AM, Afrizal rahman said:

3 Traps That Beginner Traders Need to Know :
1. Using Emotion
Using your emotions to make your trading decisions is a mistake that you should be aware of. One factor that can damage traders' portfolios is "making decisions involving emotions?"
2. In a hurry to buy cheap and unverified coins
Rush to buy cheap coins that are not verified is something that must be avoided. Because there are also thousands of cheap and fake tokens.
3. Trust all the information you read
This is a big trap that you should avoid. The internet has made news accessible to anyone. Therefore, you need to be careful with the news sources that you get.  More importantly, do your research before applying any recommendations.

 

Those are the three pitfalls you should avoid, if you want to add, please.  Don't forget to like if you think this is important and give input if there are errors.

Most of the time people who jump into crypto world to get ruck quickly such people fails so easily in this digital market because they don't determine the volatility of the assets in crypto. Everyone want to became a trader nowadays. 

[koussai999 1986]

On 2/8/2020 at 10:08 PM, Afrizal rahman said:

3 Traps That Beginner Traders Need to Know :
1. Using Emotion
Using your emotions to make your trading decisions is a mistake that you should be aware of. One factor that can damage traders' portfolios is "making decisions involving emotions?"
2. In a hurry to buy cheap and unverified coins
Rush to buy cheap coins that are not verified is something that must be avoided. Because there are also thousands of cheap and fake tokens.
3. Trust all the information you read
This is a big trap that you should avoid. The internet has made news accessible to anyone. Therefore, you need to be careful with the news sources that you get.  More importantly, do your research before applying any recommendations.

 

Those are the three pitfalls you should avoid, if you want to add, please.  Don't forget to like if you think this is important and give input if there are errors.

These tips are really useful advice for all people here specifically for the section that tells us that we do not trust the information on the Internet without a reliable source 

[Dark_Sky 8489]

On 2/9/2020 at 11:08 AM, Afrizal rahman said:

3 Traps That Beginner Traders Need to Know :
1. Using Emotion
Using your emotions to make your trading decisions is a mistake that you should be aware of. One factor that can damage traders' portfolios is "making decisions involving emotions?"
2. In a hurry to buy cheap and unverified coins
Rush to buy cheap coins that are not verified is something that must be avoided. Because there are also thousands of cheap and fake tokens.
3. Trust all the information you read
This is a big trap that you should avoid. The internet has made news accessible to anyone. Therefore, you need to be careful with the news sources that you get.  More importantly, do your research before applying any recommendations.

 

Those are the three pitfalls you should avoid, if you want to add, please.  Don't forget to like if you think this is important and give input if there are errors.

That's right. 

We need to handle our emotions and do not trust so easily for us to avoid getting scam by the one who where we have a transaction with.

Just be careful and know if it's really legit. 

[Whited35 15285]

This is the most worrying facts that newcomers in the crypto trading fields trust the ideas from the social media platforms. Most of them also prefers YouTube to get ideas which will not be 100%authentic for the most of the cases. You have to be very careful before making any sort of investments.