Topic: Any tips im new in trading - page 5. (Read 5196 times)

Instead of yobit and bitfinex you try direct cash for trading like localbitcoins, Where you trade instantly very fast and smooth with the verified users.  Get one account with good trust and trade volume and go for it.

1) Follow Market and never against Market
2) Trade only Crypto that have high trading volume
3) After a loss ( you will have some loss, all traders have loss, me too) don't try to recover it in fast time, but take some time to think about.
4) After a win ( you will have win, all traders have win, me too ) move not less than 60% of profit out of trading: this is money management!
5) Before Start Trade fix stop loss and take profit
6) Never move stop loss

Offer me a Pizza 

Don't ask from random people to suggest you altcoins to invest,almost every opinion here is biased and everyone will try to speculate the coin he has invested.Spend some time and do your own research,this way you will learn how to trade by yourself and you won't depend on other's suggestions in the future.

Observe the market first, take your time, often check various news around the internet to see is there some connection between price movement and some news. Also before you start to trade with your money, try to do it on paper. Choose a coin and wrote down price of coin on paper and how much you planed to invest, with other information about coin, when you think it will rise, for day, two, month, year..
Nobody can teach you how to trade, you need to learn it yourself. If you wish to earn a lot from trading think about paying someone to teach you about it. Or you can have fun like I do, go for the feeling, and after reading comments here about some coin I buy some little amounts.

Buy when they are cheap, sell them when they are high. Its basic of trading. If we know what is best altcoin to invest i guess we'll be all rich. Read topics here there are lots of them about trading.

Sites like bitmex with a 100x leverage offers trading from as little as 50,000 satoshi, this may be a good way for you to get into trading initially. Sites like yobit.net and poloniex offer altcoin trading, as for the best coin I wouldn't know, I tend to stay away from altcoin trading.

Adopt any exchange which you like most for your exchange of your money and where you sell easy, and try to search about all the coins and keep your eyes on the trade and try to select a coin for you which you will know that it have good volume of sale and have bigger fluctuations.

Try to invest in LIR and FRWC, I am suggesting you that two altcoins as I am now working with these both altcoins and there I am earning a bigger profit, but stay alert sometime the price go too much down do not worry about that but try to buy more at that time.

I wouldnt want to invest in altcoins as they all seem copycat from bitcoins and might die out in future

One simple line you always have to keep in mind " don't buy anything at peak price when they are pumping hard, don't sell your holdings being panic when it get dumped in short period of time".

And also top of it don't buy and get stucked holding shitcoins which usually don't have any good daily volume.

I am also new to trading. I have an idea of buying low and selling it high but my main problem is that i have no idea of what coin to buy because i am quite confuse of its price i can't understand  the UI of trading sites.

I think you should have  to invest in LIR, it is a good altcoin and with that you will earn a bigger profit in the coming weeks, the price of it is now much better to buy as much as possible and it has the potential to increase more than 3X.

first a new player shoud learn the rule of the trading. you should starting with low amount to farmeling all this rules.
then you should learn about altcoin and  choosing best altcoin to exchanging.

It is excellent point one need to remember if you want to make some money from trading. I always do same and sell when I reach my profit range around 20% and will start buying again when it goes down to 10%. But I also keep some coins for longer-term appreciation. It is not a very easy to make profits always from trading and it quite risky so trade carefully and never borrow money to trade.

little tips from me when in trade, the most important thing is patience, and not too greedy. when you buy coins, then you do not wait the price is too high, because it will not teercapai then prices fell back and you get stuck (loss).
I often experienced this, so when you've got a considerable profit, it is better to immediately sell.

When it comes to trading, you must consider these things before starting to trade real BTC, otherwise. Loosing your bitcoins may occur.

1. Capital- You must consider the capital first when trading. How much will you invest? Tip: Only invest what you can afford to lose. Putting your money in trading is optional and is only based on your own preference. But, the higher the capital, the higher the profit.
2. Discipline- Emotions should put aside if you want to start trading, because pro traders uses this to have an advantages to newbies, so make sure you have the guts when it comes to trading. Also, Patience is needed, some coins need some time before it pumps so watch out for it.
3. Mindset- your goal is to gain profit, no matter what. So, you need to stick wih your plans. Do not go with the flow, as everyone is just fooling you for them to control the price in the market.
4. Choose the Correct Coin to Trade- It is very important to you to know if the coin is legit or it is a scam coin. Many are loosing their money to those scam coins. Make sure you research first the coin before investing on it.

Those are just some of the tips, there are many more but the rest is up to you to learn when you start trading. I hope that helps, sorry I can't provide detailed one.

Now, when it comes to Alt Coin to trade, I think DRACO will do because the dev. is doing all his effort to make the price of the coin good.

To learn from trading start with small amount to earn some knowledge to what coin is better than other coin. Atleast if you failed for it it's only small amount and its easy to recover, I recommend xaurum Rico for long term trading and I think this coin had a potential than others but you can find many other altcoin in exchanger and do not be scared buying it if you that's coin had a potential.

Interesting, following some trading tips.

read this board, there are already some topics similar to yours and you can sometimes find some good advice on them. but you should always use your own judgment instead of listening to others when it comes to where to invest.

Right! everyone has their own objective indeed so they promote the coin the are involved. but just so you know, i'm putting my money on xaurum RICO.