Topic: 2 tips in trading for beginners - page 3. (Read 1064 times)
Good write up and helpful for the beginners truly. Off course what you wrote is very much true fact and everyone knows it but no one follows it or forget over the time. I guess you are right with whatever you think about the trading. Knowing oneself might look indifferent approach to many people here but thats the crucial stage because we should know how we behave in different situation and how it can affect with whatever action we are taking ahead. For example if I am short temper and I cant tolerate the loss then I might take unwanted actions while trading and thus may worsen my situation even further. So its always better to have control over things and that can be done by seeing in yourself and trying the approach.
1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.
2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.
Hope this could help some newbies in trading crypto
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.
2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.
Hope this could help some newbies in trading crypto
2 tips from newbie, for me you need to have your own confidence second then think what your goals or what you want to achieve in life
there are lots of tips that beginners should know about trading, actually I am also a beginner trader and still learning hopefully it can be a lesson for all of us. when we want to trade we must prepare confidence that we really want to trade, don't make trading as a toy. then we must prepare time to monitor price developments.
According to current situation trading is not at all best option for newbies. From the long view bitcoin price may have the great view to make profit but if you look closely you can get the market knowledge more and it will teach you how much you can make.
Most of the altcoins are fall down completely in the marketplace hence if you search for any altcoins to buy and hold for long time it may work well for them.
Most of the altcoins are fall down completely in the marketplace hence if you search for any altcoins to buy and hold for long time it may work well for them.
I can recommend to learn the basics and to find out which coin it is better for you to buy and invest in. In case. you need money now and don't want to wait at all, you should invest the half of money but not all
Time in the market beats trying to time the market. Never try to buy in at the bottom or sell at the top, its impossible to do and you are basically just gambling.
These are fantastic tips to a trader in my opinion.
Good write up
Good write up
The first tip is to buy at a low price and wait until the highest price, while the second tip is to choose a coin that chooses a good exchange and has a good sales volume. so that is a simple tip for beginners and must be done.
You can trust what they say and it is a good time for the beginners.
Almost everything that you are talking about concerns the money management. The money management is not something extraordinary every experienced trader has the particular own system which is more suitable for his trading style. I noticed that once a trader comprehended the substance of money management he would use it constantly. By the way, having inspired of the possibilities of the money management I try to use it in every my operation. I am pretty sure that every trader should has the own money management system to protect the own capital. It is not so difficult to make the own system or it is possible to use any popular one. There are a lot of resources in internet about this theme so if a trader wants to improve the own trading skills he will find good appropriate materials about the money management.
First tip make sure that you trade for the legit one cryptocurency or coin to prevent from scammers and be patience then last tip you must know the basic concept when to buy and sell.
that is what is very difficult to do crypto trading, speculation that buying and selling analysis in trading is very difficult, let alone to be patient to deal with the current market situation, it is not an easy matter for those who trade. 
First tip make sure that you trade for the legit one cryptocurency or coin to prevent from scammers and be patience then last tip you must know the basic concept when to buy and sell.
two tips on trading for beginners:
1. master the science of trading, because doing something without having knowledge is only in vain.
2. Convince our hearts to be ready to accept the risks that will be faced in trading, because not only benefits but we will also get things we do not expect from trading, it is very difficult to do the job easily without obstacles.
1. master the science of trading, because doing something without having knowledge is only in vain.
2. Convince our hearts to be ready to accept the risks that will be faced in trading, because not only benefits but we will also get things we do not expect from trading, it is very difficult to do the job easily without obstacles.
You must remember that it is not concerned with the daily trading but with some learning.
Sticking the plan might be very bad sometimes because we all know that it always rise after we sell and fall after we buy 
Do not make fun of it man, try to take it serious and do care when you are in the stage of making decisions. If you want to buy Bitcoin then you must wait for low market price because it not good to buy on high price. In order to use less money for high profit generating sources you need to invest in its lowest markets. Start with less money in order to make experience here so that you may get success and proceed forward. 
Perhaps I will also add a couple of tips:
1. When you enter the crypto market, never be nervous, and be prepared to lose your Deposit.
2. Remember that until you have sold your coin - you do not lose anything.
That's true, its better to prepare for the worse rather than counting ahead the profit that you can generate when you trade because trading is also risky especially if you dont know the basic rule that traders should be aware of. 1. When you enter the crypto market, never be nervous, and be prepared to lose your Deposit.
2. Remember that until you have sold your coin - you do not lose anything.
For beginners its important to have self-control, balance the situation and dont run for the market because there's a right timing to follow. Its ok if you lose sometimes, even pro traders cant avoid that situation its a fact that we cant always win. As long as you know your position and has concrete plan then you're in the right path.
These are very good tips! The goal must be set to know what kind of profit is needed, for example, invested $ 1000 and want to get 100%, as it reached immediately cash out and further manipulate the remaining amount.
My tips for beginners is hold and do not panic! if the price of your coin is dropping dont panic and wait for high investors buy it and soon the price of your coin will encrease.
I would go for the crypto evaluation in terms of factors like risk, profitability and liquidity and only if the factors that affect the value of a coin positively is positive, one should invest. This is one of the basic and important things a beginner should do. Besides, expanding your knowledge about the cryptocurrency is also important because at some point in future, it will help you make a right decision and right decisions contribute to a worthy profile.
The trick for newbies is that they should know where they are and how they look. They should know the basics of the market, and do not listen to anyone investing in a coin only
Yes it should be like that, but the problem is, most of them are selling their coins every time the market price is dumping which makes the market to dump, chain reaction will always happen in the market.
Nice advice, I would add to leave emotion at the door, teach yourself to buy these crazy dips, and sell when we go parabolic, just think how good those guys who sold at the peak in dec/jan feel right now. For every buyer there is a seller, something which many people like to skim over, so people selling now, guess whos buying? yup those same guys who sold at the top in dec/jan
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