Be a newbie trader. I avoided losing money. how?

rebrik7

sr. member

Activity: 868

Merit: 259

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Quote from: rocketbits on December 12, 2018, 01:10:08 AM

Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading Kiss

That’s really nice. I never knew about this TradingView of a thing when I was a newbie, although I didn’t get to lose much and everything I lost I did recover them all back. But this right here really would have helped me if I did know something about it. Only get to know about this year, and I have been checking it out, pretty helpful.

How did you come to market without knowledge about even RSI indicator? Because this knowledge is necessary for the trader as air.

electron-coin

full member

Activity: 521

Merit: 100

I also use these indicators as the main ones. Another of the indicators is very convenient for me is Ishimoku cloud.
But first of all, for price analysis I use figures of technical analysis , it is their correct reading that gives me a basic understanding of where the price will move.
For trading on small time frames (and for additional analysis on large time frames), I use candlestick analysis.

rocketbits

full member

Activity: 532

Merit: 101

Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading Kiss

That’s really nice. I never knew about this TradingView of a thing when I was a newbie, although I didn’t get to lose much and everything I lost I did recover them all back. But this right here really would have helped me if I did know something about it. Only get to know about this year, and I have been checking it out, pretty helpful.

Julunguul

member

Activity: 473

Merit: 11

Quote from: givinggirl on July 24, 2018, 03:26:07 PM

Learning is continuous and I have learned from this. For most airdrops who earned their tokens from airdrops, they find it unnecessary to learn trading rather is to find out where a coin is listed and jump to sell. But like ever other skills, Crypto trading needs learning and mastering the skills of trading. Once again, thank you for sharing.

That's right, as a beginner in crypto, especially if you are a beginner in trading, there is nothing we can achieve without a process, and of course there is no real trader who can profit without ever losing. All you can do is minimize it.

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: bisdak40 on December 10, 2018, 07:19:09 PM

Quote from: pentol86 on November 19, 2018, 09:05:05 AM

a good start, please try ... But based on practice, that method is not very accurate. but it doesn't hurt you try it ... Grin

Yes it would not hurt, you will only lose money but what you will gained is a very precious one and that is experience. No matter how long you read tutorials if you don't apply it, it is useless. Don't be afraid to jump in the pool, you will learn to swim after some tries.

Thats right, without practice and trying then everything you learn is just a theory and not proven, try to implement what you read
about the strategy and your analysis, try trading of course with a small capital first, experience will give you more lessons

bisdak40

hero member

Activity: 2072

Merit: 542

DGbet.fun - Crypto Sportsbook

Quote from: pentol86 on November 19, 2018, 09:05:05 AM

a good start, please try ... But based on practice, that method is not very accurate. but it doesn't hurt you try it ... Grin

Yes it would not hurt, you will only lose money but what you will gained is a very precious one and that is experience. No matter how long you read tutorials if you don't apply it, it is useless. Don't be afraid to jump in the pool, you will learn to swim after some tries.

Xiroartoni

member

Activity: 406

Merit: 10

Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading Kiss

Great tool. I also use it very often. However, at least 3 instruments should be used to reduce risks. They will give more accurate information and chart movement. Recently studied one tool, which is called a block of orders. This is a very cool thing. I advise you to read and experiment with it. You will start to see the market very differently.

dron880

newbie

Activity: 117

Merit: 0

Also on the stock exchange Velvet.exchange there are training materials on trading and tips for beginners, which will greatly help the novice trader.

NotFomo

member

Activity: 420

Merit: 12

For newbies in trading, I would advise to gain experience on exchanges that have a demo version, I know for sure there is such an opportunity on the Velvet.exchange and some forex brokers also add cryptocurrency pairs and there is a demo version.

D3m1r4wanti

full member

Activity: 714

Merit: 102

this is a very good reference, but the most important thing for a beginner is learning, learning and continuing to learn, trade analysis is indeed very difficult to master but if you can master and analyze price fluctuations in the market then you can get success in trading

bedford1972

jr. member

Activity: 266

Merit: 2

Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading Kiss

Good tools for making money. With this set of tools the opportunity to earn increases. In addition, I would add a volume indicator. With their help, you can understand whether to enter the coin. If you learn how to use these indicators, you can learn how to use divergence.

Nevsky

sr. member

Activity: 1064

Merit: 250

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Quote from: Vitaly2142 on November 26, 2018, 12:23:26 PM

First of all, you should familiarise yourself with the resources that publish the resources telling about trading and provide educational materials. They include video lessons, forums, professional literature or online training with traders.I advise to study the trading programs on your own with a demo account to study the financial instruments,a good platform for this is Velvet.exchange

Thank you for your advice. I think it will be very useful for new users. I was impressed by the project. I have not seen such a large functionality. I think if Velvet.exchange makes more trading pairs, it will be a big success. Institutional investors are not asleep, for many OTC platform will be a salvation. And the main thing is a pure legal field for legal entities.

LuvCyanide

member

Activity: 252

Merit: 11

Decentralized Digital Billboards

I like this website. I sometimes use information from there. It is very important to be able to select the correct information from different sources and analyze it to make the right decision in trading.

CryptoF007

jr. member

Activity: 60

Merit: 1

Focus on long term investing not daily trading!

These days you can find alot of educational material about crypto/trading online... I suggest you to spend some time and learn from it.
The irony is that majority of people are willing to spend 200 hours per month at job for 1000$, while they are not willing to spend 10 hours for research before investing in crypto project...

Vitaly2142

member

Activity: 262

Merit: 10

First of all, you should familiarise yourself with the resources that publish the resources telling about trading and provide educational materials. They include video lessons, forums, professional literature or online training with traders.I advise to study the trading programs on your own with a demo account to study the financial instruments,a good platform for this is Velvet.exchange

Mr.trader

newbie

Activity: 56

Merit: 0

dont look at profits at beginning learn with patience start with small quantity and practice as much as you can dont be afraid of losing money as you are trading with less volumes practice all doubts and strategy and gain experience

Xising

sr. member

Activity: 910

Merit: 257

Quote from: nightways on March 30, 2018, 06:47:39 AM

Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading Kiss

This is really a good thing that you have managed to learn so many things before even getting into the world of trade. It is rightly said that if you will keep on getting more and more knowledge and awareness regarding the things before starting your trading carrier and even after that, you will no doubt be able to make some very good carrier in trading and that it will help you in making of a huge money too.

I agree. For me, I think the best way is to start slow as a newbie; you should take each deal as a guide, like a stepping stone from bigger trades and ventures, rather than eyeing to get it all done in one big trade. As a newbie, you still have a lot of areas left unchecked to learn, and therefore, since every deal or trade involves money, you should think of them as critical and delicate moves rather than just trying to wing things out. The fact that the trade market is one of the more dangerous markets to be in because the prevalence of losing your venture is quite high, then you must really be technical and sure before doing any trades.

maydna

hero member

Activity: 2912

Merit: 556

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Quote from: anhchangdeptrai13 on March 25, 2018, 11:36:43 PM

When you are a newbie you can refer to something on tradingview.com
1.Technical:

RSI (Relative Strength Index) (14): RSI <30, oversold => should buy. RSI> 70 - overbought, you should not buy at this time.
Fibonacci: There are Support and Resist. When prices hit the S, P, R levels, the price will rebound, so You pay attention around S, P, R levels.
You should buy (support) and sell (resist) around these areas.

2.Chart:
The result is Bollinger Bands.
You can refer to the Bollinger Bands here: http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:bollinger_bands

These are just some of the simplest indicators for beginners to trade as they are to have safe levels, avoid losing money.
I am also a newbie sharing knowledge so expect people to help. Thank you for reading Kiss

It is a good method for a newbie trader and I think it's enough to learn this basic trade method but we need to learn another thing to increase our skills. There are many another method that you can learn but it needs time to master the technique and if you can familiar with the basic of trading, then you can trade to make a profit. But even you are a newbie or a pro, we need to learn many things so we can keep making money from trading Grin

drachman

sr. member

Activity: 756

Merit: 252

Quote from: calya on November 14, 2018, 11:19:22 PM

Quote from: drachman on November 14, 2018, 08:25:36 PM

Probably the easiest way to avoid losing money as a newbie when you want to begin to trade is to avoid day trading, I see many newbies trying to day trade without understanding that you need to be exceptionally good to make any profits that way, at first it is better to make some trades that last for a few days that way you get to know the platform of your choice and the way the markets that you want to trade can move during certain hours.

better to practise with small amount in our first investment.we could take important lesson from market movement.and reevaluate to our analisys , is it already right or not.

I disagree, as a newbie you should not day trade it is that simple it doesn't matter how much money you are using you are never going to become successful as a newbie if you day trade, in theory it is very easy to make money in the market but you just need to ask to all the people that were trading how much money they are making in the last week and you will realize that trading is a lot harder than what you think.

Secionz

newbie

Activity: 33

Merit: 0

Quote from: Aivaryamal on November 14, 2018, 11:49:49 PM

The market will still grow, so you can not lose money, unless you sell at a price lower than bought, just wait

But the best strategy for now is to keep on clinging to your Bitcoin and never selling one until the market is fully recovered. Another way to stay secure is to invest low in the start.

Topic: Be a newbie trader. I avoided losing money. how? (Read 2518 times)