Topic: Advice for newbies (Read 695 times)

A Newbie will indeed develop better when he can understand the market wisely from his own point of view, but a Newbie basically definitely needs basic instructions so that he can lead him to learn to be able to understand the market properly. And those basic instructions must be obtained from other people so that in the future he can look for them himself so that he is not always focused on other people's thoughts on the market.

Besides having to know the market from his own point of view, a newbie must also know a number of things that can affect the market and also events that can affect currency prices in the market. What's more, Newbies also have to know some of the best currencies in the crypto market so that when they start trading or investing after having sufficient knowledge, they are no longer lost in choosing cryptocurrency in the market.

That's right, we can't keep relying on whale movements and entry to take advantage of it, it could be us who are used by them to take advantage. However, they are smart in doing this, how many people have suffered losses in the end because they were abandoned by the whales.
We must stand on our own feet, I will not mind if we want to be next to the whales, but we must also have limits so that we do not suffer losses in the end.
We have to be faster than them, when we enter or when we exit, and it requires knowledge to make such analysis.

It would be best is you understand the market from your own point of view be wise to check the pros and cons of investing in such a diverse market ones you are convinced with the information gathered you proceed with the trading the crypto market is volatile and it changes daily so there is no better way to understand the market than to start trading the same asset cryptocurrency market is evolving daily and with it come new aspect of trade to do well in investment you should stay up to date with recent development and notable trend

Whales know very well that their movements are being monitored by all market participants, so it should be obvious that in order to avoid detection they move their coins in small amounts to not bring attention to themselves, and only once they are ready they make a big movement so everyone notices they have been buying or selling and incite other traders to do the same, however by the time those people find out about what happened it is too late and the whales have a massive advantage over the rest of them.

That's not an easy thing to do, you can't always follow big fishes and act before they do so that you can stay on the safer side because you won't always know about it. A lot of whales manipulate the market whenever they feel like buying or selling, and they do it without letting anyone know unless there are people following every single move of theirs and find that they've moved coins from a wallet to an exchange which probably means they are going to do something.

But even that isn't possible and such news barely comes to the surface before it happens. So expecting to time the market perfectly will only make you disappointed every time. It's better to learn basic analysis and make your moves according to the market movements that are expected instead of following the unexpected.

I think as of now we all know this rule pretty well. But the problem is that you can't really do anything about this? Unless you have good sources and contacts who can give you this info, you will not be able to do anything in the market, you'll just be replicating what any institutional investor did and that also you'll be doing after that Institution has done that investment and the wave has already passed.

One of the things that makes trading so hard is that you can do everything the right way and still lose, so when people lose they try to do everything they can to remedy this situation not understanding that as long as they applied their strategy correctly then there is nothing to correct, they just need to keep following their strategy and sooner or later the profits will come, however such a thing cannot be done by those traders that are too eager to obtain profits, as just a few losses are enough to make them lose their poise and then they will begin to make all kind of costly mistakes.

I certainly agree. We shouldn't rely too much on the trading activities of whales because we might only end up losing everything. Trading is a long process of learning and it is better to have the eagerness to learn and do researches for us to adopt new learnings than to follow the strategies or movements of others. Each tradng activity is unique and some strategies aren't applicable to everyone so we better look for effective strategies for us. It may take a long time to learn but it will all be worth it.

To newbies, you must think about the reason why you have entered trading. There should have a goal for coming here, not just because someone introduces this to you or someone shows you money and makes you decide to earn that amount also. Because if youonly have fancy goals like earning this amount xxx, I was certain that you can't reach your goal.

Yes, we have a common goal and that is to earn a profit from trading but as a newbie, our goal first is how to learn and how to engage the market volatility. We have to keep in mind that there is no instant learning in trading, so we can't really think that we can earn a profit instantly. 

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Following the actions of the big players can lead you into a trap. The big players may intentionally do the wrong thing because they have enough money. Beginners don't have much money. Therefore, it is better to think with your head. Beginners should realize that the market is waiting for their money.

First of all good luck from my side for newbies. Everything is difficult for newbies, I still remember that first day when I first joined school and when I meet something new or go to a new place of course I feel a bit nervous but when I try to do those new things regularly and  When I go to new places regularly, the new places or tasks feel familiar to me, so that I can do those tasks more naturally than on the first day. New members of the forum should feel the same way. 

First few days of joining the forum new member will be nervous and he will think that this forum might be too difficult this forum might not be for him but if the new member gives regular time to the forum and is not disappointed then I think definitely a new member is better than this forum.

Nobody who is into trading that doesn't know exactly that trading have advantages and disadvantages, during acquiring of trading knowledge you have to understand that whenever you trading you won't understand all methods again what trading needs is consistent practice, so I believe that even those we assume that are professional in trading do experience lose whenever they fail to take precautions in trading. So on me, I believe that before anyone should go trading you have understand the system of trading. I have said this severally that while some lose money in trading is due to inability to exercise patients and comprehend the necessary strategies that leads to achieve success in trading, some people do rush and venture into trading without knowing the rudiments of Trading and that is one of the factors that makes them to lose their funds. Its good to learn properly before trading and also know that constant trading will enlighten you more.

Same with me, trading is very difficult to understand in a day or within a short period of time,because even the professional traders are still running at loss when they is a change in the price of bitcoin. I don't think that I would be able to understand readings since each time I try to trade,I run at loss. But I took into consideration to use the money that I can afford to lose that is why I am not mad at myself yet. Newbies just  believes that trading is something that you can start and make huge profit without any market strategy. Trading is like gambling and the possibilities of running at loss is higher than that of making profit.

In what you said, I really agree with your point here, because the only people who do day trading are scalpers, or professional traders. As long as you have a deep knowledge of crypto trading, you can get into it somehow. I've been in this industry for a few years, I still haven't perfected day trading because it's not easy to do honestly.
And it is not easy to determine if the value of the coins you bought will increase or decrease. You really need to have a deep understanding of trading, you can't know nothing.

basically a beginner must have prior knowledge about trading, otherwise it will be high risk. there are various ways to learn trading for beginners, it will be more comfortable if you have friends to accompany you in learning trading, so it will be easier to master the science of trading, you can also learn self-taught from various sources such as books, or videos from the internet. and of course you can take advantage of a demo account to get started before using a real account, it is indeed a long process, in the process we will encounter obstacles that can enrich our knowledge and experience

Not knowing anything in cryptocurrency trading has been one of the major factors that makes newbies to venture into the disadvantages part of trading, actually its very it's very necessary important to ensure that trading have peruse or scrutinised trading before any other things, I know quite well that in trading you have to learn and understand the basics things of trading before you can propagate or become prosperous in trading, so this is one the things I believe that someone who want to venture into Trading should know properly before venturing into Trading, one thing someone should also know in trading is that learning is the major key of trading and it's the beginning of profits in trading and the beginning of loss in trading if you don't know the preamble of trading. Many people even newbie stopped trading because of the lost they experienced and assuming they have guidance like bitcointalk forum especially this trading section or board they would have known some strategies that is involve in trading. Many people who did not exercise a patient and rush into Trading end up of losing their capital in which is not proper to a beginner to start recording loses at early stages.

It is not advisable for a newbie to just enter crypto trading without knowing anything about it. Because trading is not as easy to understand as others here think. the lesson here is to research it. because if others rush to carry out trading without enough knowledge and experience because you force yourself to do it, for sure the investment capital you will use here will be wasted in the end.

It never was an easy job and it could look like an easy "buy low and sell high" concept, but there are waaaaaaaaaaay so much variables needed to be considered. It's not just that they're not learning.
You could learn every single programming languages out there, but never be able to build a single web application or even a simple console apps. There is that technical stuff to be learned and there is that application stuff needed to be learned. 

The application part is where many fails and it's like just textbook knowledge that you only know. Now we're even talking about crypto here, it's going to be a hell of a learning curve, but surely those who are top traders in the market could have been enjoying their experiences and living the dream. I had never earned in day trading and in fact I even quit on it and will never get back to it, but I am damn sure that it is satisfying to learn day trading and be comfortable to it.

In some sense, I think that comparing it to other high paying jobs out there, trading definitely is in the lowest tier when it comes to difficulty, there's fewer fundamentals to learn when it comes to basics compare that to other disciplines that has to cover a lot of fundamentals to do the basics. But that don't mean that it makes it easier for a complete beginner that's jumping right in without anything.
Probably because there are successful traders that didn't finish a degree and are now raking in cash and people see trading as something that anyone can do since they see people without a degree in a much lower standard than those that have a college degree.

You are right that for someone who has diamond hands and who panics when the market faces a small dip, trading isn't for them because trading requires patience, a lot of it so that you don't panic and sell your bought assets at a loss which is not what a trader should be doing. So, someone who knows they don't have patience and a strong heart, and a mind that they can control, they should simply do something else and don't waste their money on trading.

Analysis, they are an important part of day trading because if you are not able to analyze the market and coins that you are willing to buy and sell, you can never make successful trades, so as a newbie, a person should first learn everything from A to Z and then get involved.

The best advise must be for you , because you are giving advises here but you are refusing to accept one , look at how you were being tagged for refusing to use Escrow when you are asking to seek collateral from loan but as Newbie you must know that there will no one who will trust you.
and never become greedy because you will end up a loser forever.....................

ask the community , but never trust everyone .

Day trading is not easy and is full of risks. So you need to study the market well and learn technical analysis on a high basis. Not just for day trading but in trading as a general.

However, even if you become a professional and a very experienced trader, that is not an excuse from losing. Losses are inevitable in trading, that’s why if you are weak and easily faints, then trading is certainly not for you.

There is a misperception that trading is an easy job, and anyone can do it even without learning. That is the reason why most people usually lose in trading and very few make good money through crypto trading.

If you want to become a doctor, Engineer or IT professional, you spend a lot of time getting the skills and on education. But why is it that we come to trade the world financial markets and think we can succeed without having any knowledge or experience?

As per my experience, even if you got complete knowledge, you are still a newbie in the financial field until you have some good experience to compete with the guru's of the market.

You could be, there is nothing that is special about traders and there is no reason why you shouldn't be a good trader as well. However, you need to realize that you need time and you need to work hard. If you have a few hours a day where you can seriously study, and I do not mean like just passing through some texts and skipping through some youtube videos.

I mean like taking it seriously, taking notes, and actually understanding, if not then rewatch or reread, and just purely aim at being better. If you do that, then you can start trading and with time you are going to become great. Not a lot of people are like that but if you give it time I bet that you are going to be as great as any trader out there because you have nothing missing from them.

Or in short keep eye with the market price movement, and updated with the news by that you can take as an advantage with the possible market price, seems you don't need to use deep words with your explanations.


Actually the hardest thing to know is where you start but if you manage to take step at a time you can now identify what are the things you need to learn and to avoid for your future investment and trading strategy. Traders always have their new strategy to get a good profit in the market so better make yours too, sometimes people copying the strategy of other people, but it does not work as always as they want.

Learning to trade in crypto is not as easy as imagined by beginners who are just starting to enter crypto trading. There are many things that must be studied seriously and because even in analyzing there are also many factors and indicators that we must learn and master.

Including in terms of mentality and emotional control in trading which is usually called psychological trading. money management, risk management and discipline in implementing the strategies that have been made are also very important. And it is true that in essence everything must be studied seriously. Even after we have mastered the basics in crypto, it will not necessarily allow us to completely avoid losses. Even a pro must still experience losses sometimes. because the volatility of the crypto market sometimes makes it able to go against the trend of the economic market.
I also have a desire to become a reliable trader someday. but now I realize that I am not proficient and still need to learn more.

It seems easier to digest and indeed this is a very general basic trading principle. Now, I see that there are lots of beginners who are fooled by the market when they want to start an open position, when they have made the decision to open a down position but after that the nature of the market is immediately different, they open a down position and then the market moves up, and vice versa when they open a position go on. Under such conditions, many traders experience frustration because they see market movements that they think are always contrary to their predictions, and then after that many of them unconsciously trade based on emotion. Well, in conditions like this, it's important for us to have good psychology, learn to accept the risks of the decisions we make and start correcting the mistakes that made us suffer losses. Problems like this are experienced by many beginners and only a few of them are able to get past it, myself included. I agree, trading using fundamental analysis seems to be able to help a little.

It seems easy to say buy low, sell high, but a lot of people lost tons of money doing this because others thought that it was already low but it went deeper and they sold off. Others also kept waiting for the lowest price or dip but turned out to be left behind. That is why it is better to be knowledgeable first and not expect that just by buying low and selling high you'll gain more profit. That is why others are engaging more in holding for a longer period of time as they are sure that they can earn profit from it.

My best advice for newbies is to understand the importance of a good foundation and learning momentum trading. Everyone has a weakness, and you must identify your weakness, or it will wreak you. Most important your target at the start should be to develope a trading method which is essential to avoid overtrading. If you are able to develop some competence the rewards, you'll reap will be profits. Any day you are experience stress in trading you need to look at your trading psychology and be able to know how to manage your emotions.

I think this is just a very poor content which have really nothing much important or valuable to learn but he added title to attract users.

If you really want to advise newbies when you are also a newbie you should make it meaningful by adding some detailed information. This looks funny because a newbie pretending others as a newbie and advising when he need to learn. If you don't know the market situation and all related factors you will not be a able to make your own position strong. So just browse forum posts and constructive articles to get more informative posts or to learn something what you need. This post is just like a very common motivational post to me which should have added more informations.

I was hoping to read a thorough explanation of what newcomers should know about the crypto market and what guidance should be given to help them navigate the market. I don't know that the OP had a jargon of words that had no context or understanding.
The situation is made worse by the fact that OP does not know how crypto functions and still wants to offer advice to newbies.
What's OP saying here? This sounds confusing and somehow hilarious at the same time

That is the most basic strategy when it comes to hodling crypto, buy low and sell high. If you stick to it, you will still be profitable in due time. However, if you decide to be more profitable by engaging yourself in trading, well you have to knowledgeable and skillful at the same time. And by being good in technical analysis, which I think is very important when you trade, you will have an advantage in trading aside from those mindset and attitude that a good trader should possess.

There is lot of material available on this forum which can help new comers in understanding crypto market from scratch to expert level. To get yourself familiarise with this forum one need to spend time. If you rush you won't be able to get to understand what's going on here. Just stay focused and stay consistent, that's the key to success not only in crypto but in every trading.

You told appropriate for newbies at first need knowledge about cryptocurrency market. It is most important things for newbies. Newbies are need to know about rules how to buy, sell, trade and play game etc. If anyone who are new in this market follow this things he will be profitable from this market. So my advice for newbies please learn more and more about cryptocurrency market, cryptocurrency exchanger and operate that exchanger. If you follow this properly then you will be successful from this market.

initiate trading with little amount and not forget that this less amount is just for wisdom not to get profit so in this case if unfortunately you don't get what you wants then you will not be discouraged. Most of the people discouraged at start and stop to continue the journey of success because they cannot bear loss and I think to bear is to get success.

I want to tell you that if you get involved in some field so remember that you will face problems, sometimes you will attain and sometimes you will learn. Learning is not a tough but if person is interested because if someone is telling you each and everything about success and you are not interested then you will never be able to get victory.

Just do the "Inverse Cramer" strategy, which is doing the exact opposite of what Jim Cramer says, and you'll be fine.

There is no need to take so much pressure from the beginning for those who are new to the forum, they should try to learn and learn slowly over time. To know and learn something from forum one must spend time in forum. If I rush to learn then my learning will never be complete. To learn every task well, time must be spent on that task. Newbies should try to learn the basics of the forum first. Knowing will not be so difficult for newbies as the forum is well organized where each topic is arranged separately so whoever needs to know can easily find the topic. Just as there is a separate section for Bitcoin, there is also a separate section for Gambling or Economics, so anyone who needs to know about it can easily find out about it.

There are many things that beginners need to know when they are first introduced to crypto. To start trading a newbie needs to gain good experience in trading. It is important to know when the market will be hyped and when it will be down this strategy. A new trader can benefit from trading only if he can analyze the market in detail. First of all, there is always risk in trading, in which case you should start investing with a small amount of money so that you do not lose much money if the market position is bad. However, new investors should analyze the market in such a way that they can reach a good position in the future. And it is necessary to take advice from a knowledgeable and experienced person before trying.

First of all you should continue to do good research on trading, until you get a complete understanding of trading. You should exercise utmost caution while trading. Initially you need to start trading with a small amount of Tawhbil so that you can gain full experience of trading. This will make you more alert. And later you will be able to trade better. Which will greatly reduce the risk potential of your trading. But if you can hold it for a long time, it can become more profitable for you.

Tell me I'm wrong, I get the feeling he's trying to sound like a great, wise man and is about to sell some knowledge if anyone is curious about what he's talking about.

OP, I don't care what knowledge you have, where and how you got it. But if you consider yourself someone who knows very well what whales are doing, and how the market works...Can you provide some of the results you got from investing in bitcoin? I don't care much about someone's knowledge and experience, what I care about is the results they achieve. You may know more things than we do, but if your result doesn't make money, or doesn't produce breakthrough results, then all is useless.

Care to elaborate a bit more on what you mean by "knowing their rules of the game" and how you track the movements of big funds and institutions? I'm all ears!

Whatever type of trader you are, whether a day trader, scalper, or swing trader, it is always best to study the macro time frame to identify what the trend so that in the lower time frame you will know what position you're searching for, a long position or a short position. Moving averages are useful, but they are a little sluggish in my opinion because they just tell you what happened in the preceding candlesticks. Aside from that, we may alter the color of the moving averages based on your preferences, thus I believe the number of MA is better.

in crypto, we don't only learn about crypto and how crypto works, how the market might change, and all aspects related to crypto and trading knowledge. Because trading is actually a complex thing. It's not only about how to take profits, but it's also about things how to manage the risks and your emotions during trading. For newbies, they may not really consider how important the knowledge about risk and emotion management actually is. Trading is high risk, once you cannot manage your emotions, it means ending for all. But, as long as you want to learn about them all, it will be more okay.

I want to believe this advice is specifically for day traders, well, another thing which I personally think is very important is that, aspiring day traders, that is newbies, should know that day trading is not for everybody, you gotta know if trading is what you really wanna do for the love of it, or whether frustration of live is what is pushing you into day trading solely to earn money - then watch it carefully, day trading can make or break you in matter of seconds, most especially for those trading the futures market, futures market is one reserved for already well established and professional traders, do not as a newbie ever go into trading future, you will get burnt out even before you realize what is going on.

Those information mentioned  above and even more are not easy to get. Most of them are not gotten by reading charts or by fundamental analysis. It requires more efforts which includes financial commitment to be able to have those classified information at your disposal.
You may know how the market moves when the whales join, but then you may wait for ever and the market movers won't enter the market. Maybe, whe  you wish to sleep for some minutes, the manipulation would be done and dusted and you will only see the evidence in the chart.
But anyone with classified information would be informed when likely the market movers will join the market and being preinformed, he will be proactive.

You are talking about rules, and you are the one not following it. You should never follow others in order to make your own decision. Copying others does not give you success. In the long run, you become dependent on them. In this process, you will lose your own free will, and you are most likely to get emotional in certain situation. Following the big guys is not always a good idea. Let me explain that for you. The key difference between you and the big guys is assets. They use higher value, while a newbie will use less than that. And your and their plan will still remain the same, but the profit/loss value will have a big difference. In order to reach their position, newbies will use higher leverage and eventually lose instead of making profits.
 
Then there's market sentiment. If you follow big coins and stick to it, then it's all good. But the moment you choose other options, you are in a risk. Many people think that all the other ALTS are connected with bitcoin, which is completely false. Some ALTS moves in the same direction as bitcoin because of market sentiments. If you try to make any connection between ALTS and Bitcoin, it's not possible. So choose wisely. There aren't any certain rules when it comes to funds. The market is uncertain and anything could happen at any time. That's a risk you need to keep in mind all the time. Just because you follow some rules, and they have worked for you in the past, doesn't mean that it will work all the time. Depending on the market condition, rules changes, and you need to create your own rules if you really want to succeed in this platform.

^I smell not good in here, the weather changed when I was reading this at the end.
So tell me, what are the advantages if we know the trading exchange that is used by the whales? All I know is that an exchange that has high liquidity and is very popular will commonly use by the whale. You are giving advice but you are trying now to sell the information you had that I don't think is important in trading. Remember that whales are different from a pump and dump group which I think you need to clarify first.

Wall Street matters on macro scale more but If we talk about shorter time frames like day trading TA indicators needed like moving average specially the sync of YELLOW AND PURPLE LINE Over the chart

You are a equally a newbie as well, so I believe you also need this advice, and your post doesn't seem to be conveying a message; it lacks proper detailed information because it sounds like you are speaking with an experienced trader. It should have been well explained and broken down as if you were demonstrating to novices how to understand the fundamentals of trading, rather than something like Wall Street and the Fed without further explanation.

There are basic rule for every trader, and that is what I think any newbie needs, not this big thing you are calling, is that they can start from there, and when the time comes, as they spend more time in the trading space, they will understand the game better, how to win with the big traders, and likewise, Wall Street's effects on the market.

Here we go again for another newbie sharing advice to other newbie with general infos that is too obvious.

This advice can be easily learned by just watching the wolf of wall street movies and I think that movie is the inspiration of this advice thread. Following money is not easy for newbie especially on crypto since there’s no name on the addresses while the transaction tracking is very hard to follow anymore once it enter on centralized exchange wallet or mixer. This fund tracking advice is not suitable for newbie.

Good suggestion, and you are right. Being a newbie in trading you need to have a lot of knowledge and understand the techniques before you start. Take the time to learn about the fundamentals of trading, including trading strategies, risk management, and technical analysis. First, determine how much amount /capital you have spare or surplus to invest, that’s because you might face losses if some of your decisions are not good. Create a well-defined trading plan and your goals, that outline your strategy and risk tolerance. Trading is an ongoing learning process. So stay updated with market news, follow experienced traders views, and regularly evaluate your trades to identify areas for improvement with paper trading. Also, join different forums and communities to improve your skill towards trading and market analysis

FIRST, do you Even know what exchangers whales use ?
I know and i watch them but off course i don't give out this info for Free.
If i tell everybody what i know then how i can be special anymore ?
If you go to School you pay for it you take course u pay for it.
I did get for free all this knowledge...so off course i cant share this knowledge for Free either.

Knowledge is really important in trading; it is your ability to survive in all market stages. You can take self-learning if you wish because there are many ideas available for free on the internet, but it takes time to implement on your own. If you want to learn quickly, you can join a mentorship program, but only if you choose genuine mentors. The advantages are that the mentorship cost is fairly cheap in comparison to the potential losses if you enter the crypto market without sufficient information. Aside from that, you can also learned from them about how institutions works in the market and this is quite an advance learning.

Agreed, the whales and other institutional investors will never reveal their hands, in fact when they do we should assume they had achieved their objective already and what they are doing is trying to manipulate the retail traders to move as they wish, traders instead should concentrate on what they can control, like performing their strategy as they should and have a good money management strategy, instead of trying to rely on information they will never get access to unless they became whales as well.

Easy to say about following those whales or institution to make their move. But how can we do that since its hard to find real time news about them moving their balance to exchange or what they would do since for sure all their movements is secret and we would know about their updates once they are done selling or buying.

Maybe its good for newbies to find out which method will work for them since its important that they can develop some strategy that can help them.

I'm sure it's not that easy, because what you suggest certainly requires an extraordinary focus on media or anything related to your market and assets. it may only be done by those who do day trading. but I still don't really believe merchants will put too much thought into it all.
after all how to see whales with big capital move their money? if the odds find out, I think we'll be too late in following a trading situation that might just go by too fast.

Yes if you will trade by technical analysis. Because there are some people who trade only via fundamental analysis, some of these people are trading based on news and current events. But I don't like it that way.
Trading for me required technical analysis and here comes studying of indicators and different tools to trade.

There's a lot more to add if it's advice for beginners. They must have the capital to start trading because, without capital, they will not be able to trade and make a profit.

You also have to study the indicators on the market so that you can analyze and determine when to trade. You can follow their game but you better know what to do because you can't always follow the big guy.

And don't forget not to be greedy in taking profits because that can make you lose opportunities to take profits. It is better to close a trade with a clear profit than to wait for a bigger, uncertain profit because it can make you lose.

Thorough knowledge of crypto is something that we really have to master before we really enter the crypto market, be it for trading or investing. Therefore, we have to study it first, whether it's learning from someone who first entered the crypto world, or from the internet, which now contains many articles about this. But the problem is, usually beginners ignore it all, they only focus on profits without them knowing what they are really doing and that's what makes them take the wrong steps in the end.
We have a lot to learn here, and it will take a long time to really understand it very well, it takes patience and perseverance to be able to do it.

You have learn about them you can Do it online but not just that you need to have connections or mentor who will show you atleast what indicators to follow.
You got to connect with full financial people If you wish you can find them.

It is important to understand the rules of the crypto market, without the rules nothing can be achieved, it is just a waste of time and funds. The rules in crypto is nothing but knowledge, knowledge to know the right crypto to trade with, knowledge to understand the market and how it works, knowledge of know understand the limits of trading, and knowledge on how to handle greed. The rules in trading must be followed and every one of it is important and has a good role to play.

Honestly dude, I don't really understand what you are saying, Maybe you mean that when the market falls we should take advantage of the fact that we can buy Bitcoin or other cryptocurrency that has potential in the market and then just hold.

And when this happens, just wait for the value to drop again and then buy again, it's like you're saving little by little whether it's Bitcoin or crypto. It seems like this is what you want to convey dude, am I right? Good day to you

Crypto whales manipulate altcoins market more since they have more influence there than the Bitcoin market. The Bitcoin market is worth more so for them to have an impact they'll need more capital which is why they have shifted their focus to although that they can influence the market with low capital due to the low marketcap of the coins. Also they're shifting attention now to memecoins.

They're only investing in those project because they know they're community projects that rise due to hype that they can sponsor and make money from those that'll believe in the hype. Altcoins are worst if you want to follow whales as they dump and pump different coins.

in trading we can only take advantage of opportunities according to our understanding, so there are often differences in analytical views, and that is a natural thing, and profits or losses are normal, as long as at the end of the month we still get the remaining profits so that we can increase profits at the end of the month. next month. and of course with the plans that we implement we can fulfill the portfolio that has been scheduled and achieve the results according to plan

Oos failed to mention how he managed sudden drop and high volitilities even though he said he will be following whales pattern, Bitcoin and other assets are commodities that it realities dose not follow a certain pattern and that is know it's impossible for anyone to predict or design a steady and accurate price prediction so at that.

It is very important for you to design your own way of managing your portfolio in a way that with the outcome regardless of what directions are bearable and enjoyable depending on the outcome of the border at the end of the session.

Oh wow! Tell me something I didn't know.
Of course I do know that as, the forum isn't the only cryptocurrency community out on the Web although, it stands as one wth the most traffic, userand reputation so yeah, people have got to have some source of information out there. On top of that, a lot is superficial.

Trading has evolved and still is evolving. Its one of the most difficult thing to do but as you try, having to blindly follow ot copy trade is something that shouldn't be adhered to in the name of following the rules or going along with the big institutions. They've got what it takes to withstand any market condition and you don't. You've got to have a reason for the positions you take amd big institutions aren't that reason.

Is that even advice? I don't think that advice is for the newbies. It's an advice for yourself. Since you know the rules of the market and you know that it's like a game to you then that's much an advantage for you so, make yourself rich from this market.

How someone can do that and what should be the resources in knowing and to keep one updated from these?

Is it necessary to know the rules of the game as a beginner? Knowing the rules of the game will take a lot of practice and time to have an in-depth analysis of the market. Going for an in-depth analysis signifies that you’re going to be a regular trader that needs all the knowledge in the market to be able to gain profits.

If that’s not the case, just learn the basics of the market. Buy and hodl bitcoin for a long time and don’t panic to sell because of the volatility of the market, at the long run you’ll reap the rewards of your investment.

everyone here already understands that if you can guess where the big players are going you will definitely profit in the market, but it's not as easy as it looks, it's quite difficult to be able to guess how these big players work, especially for newbies who are just getting into market.

so the best thing in my opinion is that you can play it safe by investing according to your abilities, don't be too forced, and increase your investment slowly, and hold it up to the point you want. never be consumed by speculation and stay focused on what you are holding now, just believe that it will be able to bring you profit.

Buying and selling is not that easy, you should know when to buy and when to sell because some are greedy and forget to take profit most of the time.

This can be a very simple strategy but it doesn't work well most of the time, I believe timing and right knowledge is still the key for you to succeed.

Trading is not easy, it can be very stressful so make sure to spend some time for this, even DCA can make you stress so be cautious and be responsible with your investments.

Agree with your discussion. But, being a newbie in trading you need to have a lot of knowledge and understand the techniques before you start. Take the time to learn about the fundamentals of trading, including different markets, trading strategies, risk management, and technical analysis. First determine how much amount /capital you have spare or surplus to invest, that’s because you might face losses if some of your decisions are not good. Create a well-defined trading plan that outlines your strategy and risk tolerance also. Trading is a continuous learning process where you gain knowledge from your mistakes. Keep up of market news, follow experienced traders, and engage regularly in trading communities where you can learn a lot from the experts and identify your own areas for improvement.

My advice is that don't buy a certain altcoin just because it's cheap, do some research first if you don't want to buy a shitcoin. Invest on top coins, that way you're sure you're in good hands, hold that until you want to sell it for a certain price where you are happy from the profit you're going to make. Don't rush things up, because it's worth the wait. Don't put all of your money in cryptocurrency, since you gotta have something to spend in your everyday needs.

I don't sure worth following whale signal in cryptocurrency trading, but if the early entry with some altcoin has chance for earning profit but when you late actually floating are waiting for you and need longer time for recovering. I stop following with other trade about signal or their recommended because too risk and some whale publish about their investment after few hours investing and price have reached up.

For the beginner better check and research by your self, don't follow the whales signal about coins for trading because has chance for losing your investment and they have ready for getting profit than holding. Beginner should learn more every day and always check about which one potential coins have to buy and coins event for upcoming time to see potential or not for investing.

Following whales of the cryptocurency market can be very deceiving as those guys don't care about anyone they just want to make more money and aren't ready to lose because they invest so much into their trade with very large capital. Whales are evey manipulative so don't always follow their trades, wait for there to be a confirmation on the charts before you place your trades.

Instead of following others trade, newbies should learn how to read the market so they don't depend on others to predict their trades. Trading isn't difficult when you learn and make sure you understood everything properly before begining to trade yourself or you'll lose.

Strategy like this cannot go anywhere since for sure no institutions will announce on when they gonna buy and what figures they going to set. They might get deflected by other manipulator for that maybe best for him to move to other strategy and start to learn to do DCA or maybe try to learn charting since this could give more better insights on when to buy or even sell. Listening to news maybe good strategy but always do our own diligence on our set trades.

Staying only on those may be the beginning of your confusion because most times the figures do not add up to what is going on in the market and you are going to be confused more if you don't know anything about technical analysis, money management etc. Trading cryptocurrency does not require reliance on government figures or agencies.

You should have more knowledge on whatever topic you are creating so that you can express yourself better. From your points, it shows that you are new into trading and don't understand how the market works. It is better that as a newbie, you should know the fundamental and technical analysis before you can start trading. At first,you should start with little funds that you can afford to lose to have the experience.

I will advise you to be careful when you are going into trading because it is as risky as gambling, if you are not a professional. Buy at dip and sell when the price is high,but it will be more nice if you buy and hold for long.

In essence, maybe what you mean is that we have to understand analysis based on fundamentals as well in crypto trading and investment activities. Because indeed at this time economic upheaval and all kinds of it and also even political movements can also be one that has an impact on the crypto market. The same is true for the impact on the stock market and other investment assets.

and analysis of these matters is included in the fundamental analysis. in which we also monitor the release of economic data for every country and every big company.

for beginners a simple advice is to learn technical analysis, fundamental analysis and then sentimental analysis.

So pretty much.. buy what the institutions and big money are buying? lmao. Can't name a worse strategy than that. Like, do you actually think that no one has thought of that already?

The rank in the forum is not the measure of the person's knowledge about the market.  It is possible that the person just recently signed on the forum but had been involved in the cryptocurrency and bitcoin industry for years.  I don't mind reading the advice of newbies as long as they bring new information that I can learn. 


Yeah I agree, instead of giving us a general statement why don't you @OP educate us about these rules of big institutions, how can we know more about the news of their plans and where can we connect to keep us updated.

It's always an interesting read when you gind a newbie trying yo advice other newbies on what go and what not to do. How to work the crypto market and persist on the forum.
That's just how interesting the crypto space is, any one can teach and even teach what they've not yet mastered but, this is a Shortmaster anyways and could just be as good as the user poses.
Your welcome to the forum and we hope to see good things from you in the days you would be with us.

No doubt, big institutions initiative the moves that becomes the drives for sentiments that move the market but if I must ask;
You stated tha, we should know their rules and I suppose that means: the rules of the big institutions.
How about listing just a few for clarification.

Op wasn't even specific in the starting topic. He neither mentioned cryptocurrency nor bitcoin. But when such emphasis are not given, it is safe to assume it is bitcoin. And the most friendly coin for any newbie coming into the crypto space is bitcoin.
Even as old as I have been in the market, I do not bother myself to know when and how the big boys (the market movers) enter the market. I have not interest because I am not a day trader, neither I'm I planning to be a whale .
My best strategy is to buy and continue to buy with DCA until bitcoin is upto $50k, I'll stop and once a new ATH is recorded, I am selling off. I won't be among those who are going to enjoy bitcoin @ $100k

Sorry I had to generalized it by using the word Cryptocurrency but my suggestions on holding for long and the rest are just on bitcoin. It is very risky to have Alticoins holding for very long, there are more or less just pump and dump coins that are meant for short term trading

That's true but you might end up buying the dip of the scam coin.
It takes little education also how the SEC moves their rules and regulations so you can better avoid loss later.
Crypto is not just crypto it has a lot other aspects related to crypto.

How about keeping it simple, but when there is dip or buy when you have funds for it or buy using the DCA method, hodl for long and sell off when your profits target is reached.

I believe this tips is much easier and safer for newbie coming into cryptocurrency just for investment purposes. The only reason for going into deep crypto learning is when you want to be a regular trader. Because you need those knowledge of technical analysis and fundamental analysis

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.