Topic: 2 tips in trading for beginners - page 8. (Read 1064 times)

Many Tips available for begineer But in this topic said 2 tipshere my recomment Tips  1. You should be able to analyze the coins you will buy because it will affect your coins and assets. 2. Read and analyze a lot on the topic of trade.

No need to have many tips, you just hold the patience you will be successful. That is the secret of many people do.

To my mind, the main recommendation is to sell when the price is high and buy when it is low, i think that it is obvious for everyone who has ever wanted to enter the crypto market as this is the main rule

Trading is all about analyzing. For the perfect analyzing, we must need sound knowledge. That will be possible only when we are taking time for learning different aspects of trading. I guess that will be only one tip which will be enough for beginners, that must be continuous learning.

I'm pretty sure that there are lot of newbies will be knowledgeable if they see or read this topic. There are many people that want to engage their life on crypto investments and trading, this statement of yours is good enough to motivate and encourage them.

Two things you have just said are very useful for beginners. I'm a beginner so I do not have much trade experience. The special thing I keep in mind is that I always look at the market capitalization of a coin. Before investing in a coin, I always find out what the strategy is and how much potential there is. With new people like me, I always choose coin in the top 20 coinmarketcap to invest

Well those things could just simply be wrapped up into just, "Buy at low, sell at high". It is a simple rule yet to be simply neglected with just simple click of a mouse or touchpad or whatever device you're using, due to emotional factors. Even the philosophical saying "Reason over Emotion" becomes so easily neglected.

What the heck are you talking about?

Foe the ones who are interested in going for day trading and that they are about to start their trading carriers, it is better not to jump into the world of the trading until and unless they have acquired enough of the skillset and that they don’t have this much of the knowledge which can then help them out in having some good plan to make more money. Start with least possible amount and then gradually increase the amount of investment.

This is just 2 of the many many tips that many people give to traders but many don't know how to apply it to themselves. When I am starting as a trader, I tend to read some tips and tricks in the Trading Discussion. I saw also this "In your first times in trading, you will lose all of your money".

I think I will just add 2 more tips for the newbies like me in trading.

1. Don't just jump into trading without knowledge - For me, this is the main reason why most traders including me loss some or most of their money. They just jump into trading without enough knowledge like how to read candlesticks etc. What is worse is most newbie traders like to spoon feed all of the knowledge they want to know. They will ask everything to you and they don't have the diligence to do some research for themselves.

2. Be emotionless - Maybe most traders always saying this but this is the one of the hardest tip to do especially when you are new into trading. When I trade for the first time, I tend to loss most of my money because of FOMO's. I FOMO'ed twice already and that made me lost my trading funds into half or even lower. If you are trading, just trade calmly. If your bought coin goes lower, just hold it and don't panic unless you know how to do stop losses.

These are just additions to the post of the OP.

I'm start learning to trade but I feel it's so difficult. Thank your post, it's very useful for me.

Newbie needs this because they will adapt this once they started in trading. Knowing yourself is good because you can know what is your weakness and you can control this once you will experiened dumping price while you are in the trading.

For me the second point is quite strange because I don't know how the fortune will define my day, if it will be a great day trading I think I will go till I can so it is really hard to point some goals out.

The worst thing in trading is that you might sell or buy too early sometimed, though you still make the profit you can't make enough profit.

Agreed,Beginners must educate regarding trading and learn about market and coins.Knowledge is power and without knowledge you cant survive in the market so groom skills and expertise and control your behavior according to the situation of the market you will win.

Only one TIP for all the beggiinners on trading.
Just focus yourself and do not panic sell when there is a decrease on the price of 1 - 2 percent, because by this way, you will lose your main vision of that trade.

there are some suggestions for beginners to trade bitcoin, the first is that you should be able to keep track of price movements is very important because for a few seconds the price can change, and the second is to target your profits do not trade using emotion because it will plunge your own .

1. Read and analyze a lot on the topic of trade.                                                                                                    2. Always follow the market and be ready to lose money. If you lost money, do an analysis of the situation at which you lost.

Understand and know the right timing in trading, knowledge is the best thing  we have before trying one thing especially trading, all of us know that trading is very risky and we need to face the reality that we can lose our money on it.

We should understand our own ability, our knowledge. The money is very important and very attaché when it comes to the buying and selling of it for the profits. If we are able to make the profits then there is no problem.

This is really important, in selling don't wait for the peak of the breakout
hence, make a sell order ahead. don't be greedy. discipline is the key