Basic trading strategy for newbie to make a profit

Sihab76

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Quote from: Yudha2015 on November 21, 2021, 07:09:00 AM

Due to social media bounty and airdrop getting less payment. I decided to make a trade.
But I'm really confused how to start the trading so that I can make a profit daily. I need a reference where I can learn about it.
If anyone have a good chanel sugestion for learn in trading crypto, please reply.
Thank you 😊

If you have enough time and liquidities you should invest some coins according to the cryptocurrency market cap. Binance coin, Kucoin share, Bitcoin and Ethereum should be your favorite coins . And you can start Day trading with short time investment.

pgbit

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first, you have to research on Technical analysis after then you can understand the Trading chart. In Trading Patience is very necessary. Hold some dollar for buying in dip it can give you high profit when the market will recover.

m2017

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Quote from: Mauser on December 02, 2021, 05:35:22 AM

In my opinion the best strategy for beginners when it comes to trading is just buy and hold. The HODL strategy has beaten many advanced trading strategies over the years. When I first started out with trading and investing I made mistakes a lot, and now with hindsight I would say that my biggest mistake was trading too much. Every time we buy and sell we need to pay fees which can become very big if we do it too often. So at first I would just hold until we make a decent profit. Afterwards we can use some of this profit to use active trading strategies with the help of technical analysis.

This is probably one of the best tips for beginners. It seems to beginners that trade is like alchemy: it allows you to create gold from lead, i.e. money out of thin air. This is the desire of people, as old as the world, to get here and now without putting much effort. Traders will of course disagree with me that it is better to stick to a hodl strategy and that you need to be lucky enough to trade profitably.

teosanru

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Quote from: Yudha2015 on November 21, 2021, 07:09:00 AM

Due to social media bounty and airdrop getting less payment. I decided to make a trade.
But I'm really confused how to start the trading so that I can make a profit daily. I need a reference where I can learn about it.
If anyone have a good chanel sugestion for learn in trading crypto, please reply.
Thank you 😊

Haha yet another person trying to enter the market for quick gains. Trust me it's not worth it, everyone just thinks that they will enter the market and earn some bucks daily and then live their lives happily after, but the truth in reality it's entirely different, you burn out, you get frustrated while trading and eventually you don't make profits daily. The daily profits scenario starts much after 2-3 years and until then all you do is try and test different strategies, wait for your time to come, and think of imaginary scenarios of you making profits. I would recommend you try some other profession which could actually help you get real money and the amount of time you have to put in that would be much lesser.

LUCKMCFLY

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Basically what they are telling you here is what you should do, if you are a newbie it is somewhat difficult to give advice, because you still have no idea how the market moves, what influences altcoins and how the market moves many times, the reasons , the movements, how to identify what may be happening, the news is not right all the time, emotions are one of the causes that the market moves rapidly as well as the effect of the whales and the introduction of institutions, so that Do you trade I would recommend you read about wyckoff, livermore, because you will learn many things about the market, then you will have your own arguments to decide your operations.

Wawa2013

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Quote from: LastKiss on December 01, 2021, 04:19:54 AM

Quote from: Wawa2013 on December 01, 2021, 03:55:01 AM

Quote from: Cling18 on November 30, 2021, 10:53:26 AM

Quote from: Yudha2015 on November 21, 2021, 07:09:00 AM

Due to social media bounty and airdrop getting less payment. I decided to make a trade.
But I'm really confused how to start the trading so that I can make a profit daily. I need a reference where I can learn about it.
If anyone have a good chanel sugestion for learning in trading crypto, please reply.
Thank you 😊

Resources are now all over the internet. You could find it on different social media platforms. Being knowledgeable about crypto trading is really an advantage though it would take a long time to completely learn things about it because it's a long process of learning. Watching video tutorials online would be a good step.

Everyone today is very easy to find information on how to trade. We can find information about trading spread across various platforms on
the internet, most importantly we do not be lazy to learn from the information we get. And also to be able to trade to make a profit it takes
a lot of practice too, in order to understand when is the best time to buy and sell coins. It's not easy for us to be able to make regular profits
from trading, sometimes we do have to experience losses first, it takes a long process to become a successful trader. Since no success in trading is
achieved instantly, we have to endure it patiently. It's a good idea watching trading tutorials on video is one good step for us to do. Usually watching
videos is much easier to understand than just reading trading tutorials, we can find a lot of crypto trading tutorials on the YouTube platform.

Many people only teach us to buy coin when it's low and sell when it's going high, as basic it's really easy to understand but the market movement is not that easy. When you learn something dont forget to apply it to your daily trade using your money that you can afford to lose. Don't forget to learn how to control your emotion when the market movement is not going like what do you hope.

The crypto market is indeed very volatile, it is not easy to predict its movements. Often the market moves not according to our expectations,
as an example of what is happening now where the market suddenly dumps deep enough. During a market dump, we must learn to control
our emotions, so we don't panic and make wrong decisions. I know for newbies it is quite difficult to see the price of their coins go down.
But as long as we don't sell the coins we have, we don't really lose even if the price of the coins we have drops in price. We just need to be
patient waiting for the market to recover, so it's true that we should trade using money that we can afford to lose, so that we do not need to
do cutloss. Expand trading practice for newbies, in order to make newbies understand better how to make good decisions when trading.

Kasabus

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Quote from: SmokerFace on December 02, 2021, 02:19:03 PM

Quote from: Yudha2015 on November 21, 2021, 07:09:00 AM

Due to social media bounty and airdrop getting less payment. I decided to make a trade.
But I'm really confused how to start the trading so that I can make a profit daily. I need a reference where I can learn about it.
If anyone have a good chanel sugestion for learn in trading crypto, please reply.
Thank you 😊

You can search for details on social media. Youtube is a good source of searching for such information. Also, many traders have shared their experiences in different forms. You can get guidelines by reading those articles. Also, I would like to suggest you first learn and then start trading. As trading without having proper information and knowledge can result in financial loss and disappointment. To avoid committing such mistakes.

Right. Youtube is a very a good source where we can read and watch relevant articles on trading, and definitely watch videos that will certainly teach us on how to be a good trader. Actually, there are a lot of resources online, you just have to dig it up. However, the best teacher is still your own experience. Expect that you will lose most often than gaining profits, and its certainly normal for a beginner like you. You will never be a successful trader in the future if you have not made losses in the start, and from there learn from all your losses because that will motivate you to do more good in trading, this time to maximize profits.

passwordnow

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Quote from: darewaller on December 02, 2021, 09:38:14 AM

Quote from: passwordnow on December 01, 2021, 09:48:53 AM

for those actual traders, there's a way for them to get a profit without doing any research for the projects they will buy. With reading the charts and doing analysis on it, that's how they make money from it.

Do you mean those actual traders will be skipping out the fundamental analysis? Yeah, for active trading which can be scalping or swing trading still you do not need to go for fundamental analysis just having only technical analysis will be more than enough to make decent profits with most of the coins (your technical analysis will get filed against whales' manipulation even you are too good in technical analysis).

In my opinion fundamental analysis based investments will be best strategy to make regular profits here. It can be treated like basic one or even advanced traders can also adapt this because at the end of the day what profits we are making will be the only concern and definitely not your strategies.

I've missed that part about fundamentals. I'm talking about the whole thing as trading alone which is mainly about reading the charts. Those experience traders does the same.
But I've got friends that don't do that much fundamentals and are focused with technical analysis. So it's up for a trader which is effective to him, whether to use the other or the other or just both of them.

Pamadar

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Quote from: justdimin on December 02, 2021, 04:12:18 PM

Quote from: AicecreaME on December 02, 2021, 10:28:31 AM

Well, the answer is already in your question, you wanna learn basic trading strategy? study basic trading strategies. There's a lot of techniques and approach on trading but having the basics is really important because it will serve as your foundation in the rest of trading strategies that will indeed bring you a lot of profits.

You could check the channel "Wystrade" in youtube where they explain trading very well. They are explaining it piece by piece so viewers will easily understand what they are watching.

I do not know that youtuber but the idea to learn it from youtube is definitely one of the best ways to do it. Seeing how something works is quite easy, you literally watch it as it happens and then people get to follow the same script in another time and could mimic it. We have so many people who do online gaming and stream it on twitch, maybe it is time for financial people to start streaming and getting famous as well. We have seen a bit of it lately in 2021 but it has not grown too much just yet.

I believe that if the streaming world had some financial place instead of gaming place, then we could go there and find good streamers who make a lot of profit trading live and we could see how they do it. What they do at that moment doesn't matter, how they do it and why they do it is the key point there, if we could learn those two then we could do it as well.

From that basic concept, you will learn a lot in writing but in experienced you needed to deal it by yourself.

preparation and more on actual sets of positioning, traders need to understand that there's always a risk in not even you are
using conservative ways of trading, you can't expect a good outcome but anticipating some positive returns is also coming from
the knowledge that you gained.

freedomgo

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Quote from: SmokerFace on December 02, 2021, 02:19:03 PM

Quote from: Yudha2015 on November 21, 2021, 07:09:00 AM

Due to social media bounty and airdrop getting less payment. I decided to make a trade.
But I'm really confused how to start the trading so that I can make a profit daily. I need a reference where I can learn about it.
If anyone have a good chanel sugestion for learn in trading crypto, please reply.
Thank you 😊

You can search for details on social media. Youtube is a good source of searching for such information. Also, many traders have shared their experiences in different forms. You can get guidelines by reading those articles. Also, I would like to suggest you first learn and then start trading. As trading without having proper information and knowledge can result in financial loss and disappointment. To avoid committing such mistakes.

As a trader, you should always start with learning the basics by gathering and increasing your knowledge in trading and on the crypto market itself. There are a lot of resources available online for free so it’s up to you how you will utilize your time so you will come up with productive learning. You can have youtube or social media but I prefer you explore more on youtube as you can find free demos there that will best suit to you as a beginner. And once your done, give yourself a chance to finally experience trading as its the reason why you’re into lot of preparations. Don’t worry if you lose in your first attempts, that’s normal before you can make successive profits in trading.

justdimin

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Quote from: AicecreaME on December 02, 2021, 10:28:31 AM

Well, the answer is already in your question, you wanna learn basic trading strategy? study basic trading strategies. There's a lot of techniques and approach on trading but having the basics is really important because it will serve as your foundation in the rest of trading strategies that will indeed bring you a lot of profits.

You could check the channel "Wystrade" in youtube where they explain trading very well. They are explaining it piece by piece so viewers will easily understand what they are watching.

I do not know that youtuber but the idea to learn it from youtube is definitely one of the best ways to do it. Seeing how something works is quite easy, you literally watch it as it happens and then people get to follow the same script in another time and could mimic it. We have so many people who do online gaming and stream it on twitch, maybe it is time for financial people to start streaming and getting famous as well. We have seen a bit of it lately in 2021 but it has not grown too much just yet.

I believe that if the streaming world had some financial place instead of gaming place, then we could go there and find good streamers who make a lot of profit trading live and we could see how they do it. What they do at that moment doesn't matter, how they do it and why they do it is the key point there, if we could learn those two then we could do it as well.

dunfida

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Quote from: SmokerFace on December 02, 2021, 02:19:03 PM

Quote from: Yudha2015 on November 21, 2021, 07:09:00 AM

Due to social media bounty and airdrop getting less payment. I decided to make a trade.
But I'm really confused how to start the trading so that I can make a profit daily. I need a reference where I can learn about it.
If anyone have a good chanel sugestion for learn in trading crypto, please reply.
Thank you 😊

You can search for details on social media. Youtube is a good source of searching for such information. Also, many traders have shared their experiences in different forms. You can get guidelines by reading those articles. Also, I would like to suggest you first learn and then start trading. As trading without having proper information and knowledge can result in financial loss and disappointment. To avoid committing such mistakes.

I would suggest youtube rather than hanging out on social media which this place had been infested with lots of shills and fuds which it wont really be that an efficient place for you to hang on.

Making profit? This is where everybody been trying to do and been asking for in this market.Know the stuffs and try to continue learning
as it should be.

You would be finding yourself to be effective soon.

SmokerFace

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Quote from: Yudha2015 on November 21, 2021, 07:09:00 AM

Due to social media bounty and airdrop getting less payment. I decided to make a trade.
But I'm really confused how to start the trading so that I can make a profit daily. I need a reference where I can learn about it.
If anyone have a good chanel sugestion for learn in trading crypto, please reply.
Thank you 😊

You can search for details on social media. Youtube is a good source of searching for such information. Also, many traders have shared their experiences in different forms. You can get guidelines by reading those articles. Also, I would like to suggest you first learn and then start trading. As trading without having proper information and knowledge can result in financial loss and disappointment. To avoid committing such mistakes.

tygeade

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Quote from: darewaller on December 02, 2021, 09:38:14 AM

In my opinion fundamental analysis based investments will be best strategy to make regular profits here. It can be treated like basic one or even advanced traders can also adapt this because at the end of the day what profits we are making will be the only concern and definitely not your strategies.

I agree strategies are just the helping tool but how effectively we are making profit for the capital we had risked with alone matters in trading. There could be multiple strategies to make profits from trading but nothing will ensure that we will not be ending up in losses. But, investment based trading definitely will help to completely avoid losses given that we are investing only in fundamentally strong coins like bitcoin.

This is the reason investment must be the best trading strategy in my opinion and it is different from all other trading strategies only in time frame. When people are ready to be patient enough then they can adopt this investing strategy.

JunkieMiner

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AicecreaME

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Well, the answer is already in your question, you wanna learn basic trading strategy? study basic trading strategies. There's a lot of techniques and approach on trading but having the basics is really important because it will serve as your foundation in the rest of trading strategies that will indeed bring you a lot of profits.

You could check the channel "Wystrade" in youtube where they explain trading very well. They are explaining it piece by piece so viewers will easily understand what they are watching.

Disclaimer: Not my YouTube channel if that's what you guys are thinking.

wunderbit

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DCA is a simple a good strategy for a beginner trader . https://trading.wunderbit.co/en/dca-trading

darewaller

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Quote from: passwordnow on December 01, 2021, 09:48:53 AM

for those actual traders, there's a way for them to get a profit without doing any research for the projects they will buy. With reading the charts and doing analysis on it, that's how they make money from it.

Do you mean those actual traders will be skipping out the fundamental analysis? Yeah, for active trading which can be scalping or swing trading still you do not need to go for fundamental analysis just having only technical analysis will be more than enough to make decent profits with most of the coins (your technical analysis will get filed against whales' manipulation even you are too good in technical analysis).

In my opinion fundamental analysis based investments will be best strategy to make regular profits here. It can be treated like basic one or even advanced traders can also adapt this because at the end of the day what profits we are making will be the only concern and definitely not your strategies.

Mauser

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In my opinion the best strategy for beginners when it comes to trading is just buy and hold. The HODL strategy has beaten many advanced trading strategies over the years. When I first started out with trading and investing I made mistakes a lot, and now with hindsight I would say that my biggest mistake was trading too much. Every time we buy and sell we need to pay fees which can become very big if we do it too often. So at first I would just hold until we make a decent profit. Afterwards we can use some of this profit to use active trading strategies with the help of technical analysis.

passwordnow

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Quote from: iv4n on December 01, 2021, 10:36:15 AM

Quote from: passwordnow on December 01, 2021, 09:48:53 AM

Quote from: Huppercase on November 30, 2021, 12:59:28 PM

Trading is good and very profitable if you are ready and willing to do more research on projects and be patient when uncertainty happens in the process.

This is like buying the project and waiting for it to pump. You've got to be good in spotting them so you can eventually get the best profits that you may get.
But for those actual traders, there's a way for them to get a profit without doing any research for the projects they will buy. With reading the charts and doing analysis on it, that's how they make money from it.

Well, that's one of the basic things... choosing the right coin to trade with! When I see the word "waiting for it" that means it's mid to long-run trade, and that's ok, you just need to choose one of the projects around, or diversify and choose more than one! I believe that's much better for newcomers than to daily trade, that's trickier than it looks like!
People should focus on learning, choosing a good pair... try not to think about the profit at first, if you are doing things good that will come later!

Yeah, whichever you are comfortable with the type of trading that suits you. Whether it's short, mid or long term, as long as you're doing it decently and you're making a profit, that's the best strategy that you can ever apply to yourself. I agree about learning, newbies are quick in projecting high profits that they see in other traders but they don't know how long those traders got to learn the strategies they're using before they've made a lot of profit from it.

Topic: Basic trading strategy for newbie to make a profit (Read 668 times)