Topic: Be a newbie trader. I avoided losing money. how? - page 3. (Read 2469 times)
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.
For a newbie who is learning how to trade, there is no way to avoid loss o money in trading. Even a well known expert in Crypto universe sometimes loss money. There is no way you wouldn't losssoke money when trading but the main issue is that don't do what is making you losing money from time to time. Learn and advance from that stage.
Even professional traders lose and I will keep saying this, any new trader that fails to understand that losing is a part of trading, is not ready to trade.What is important now is how much you lose compared to how much you are profiting in the long run. It is a market, and very unpredictable, with signals just being there to guide, so if you really think those indicators will just give you 100% accurate result, then believe me anyone who thinks that is not ready for trading at all.
Like you mentioned, learn, advance, gain confidence, and keep practicing until you are sure of yourself and your skills. You will only end up overworking yourself as a trader, as well as your emotions, if you are looking for 100% wins all the time.
For a newbie who is learning how to trade, there is no way to avoid loss o money in trading. Even a well known expert in Crypto universe sometimes loss money. There is no way you wouldn't losssoke money when trading but the main issue is that don't do what is making you losing money from time to time. Learn and advance from that stage.
Price action of cryptocyrrency is not easy to predict, and in many case technical analysis did not work, so important to use stop loss and trailling stop as risk management. When bull market come in to crypto, there are alot of altcoin was going up 10 to 50 times just in amonth like last year so in this situation trailling stop will help to maximum the profit and to minimize the risk.
I think that is almost unreal to predict price moves in crypto, especially on BitMex. Huge experience and knowledge of TA/FA only slightly increases your chances to predict the right direction of movement of price. But with the right risk management, this can be enough for success.
Lots of Research
Buying Low
Patience, plenty of it
Sell High
CanYa Coin CAN will make you super rich $$$
Buying Low
Patience, plenty of it
Sell High
CanYa Coin CAN will make you super rich $$$
Price action of cryptocyrrency is not easy to predict, and in many case technical analysis did not work, so important to use stop loss and trailling stop as risk management. When bull market come in to crypto, there are alot of altcoin was going up 10 to 50 times just in amonth like last year so in this situation trailling stop will help to maximum the profit and to minimize the risk.
The technical aspect of cryptocurrency trading can not be ignored or underestimated, it is good to learn how to interpret and forecast trading trend! It is a very useful skill every trader should have!
Being a bitcoin trader has risks, profits and losses have become an integral part. Except as a bitcoin investor, HODL continues as long as prices have not risen or profits have not been as large as desired, there are no losses. So to avoid losses a trader patiently looks at the bitcoin movement, wait until the price of bitcoin rises and then sells. Don't wait too long, the price will go down again.In that case, avoiding losses is something that has to do with you understanding that you need to learn as much as you can, as this is basically just the only way with which you can at least make something good for yourself as far as trading is concerned. The approach of people to trading is that, there is an opportunity to make money and they want to just start making huge load of it, but they are not willing to make the sacrifice to learn.
Like you said, trading is risky, and it is your knowledge and strategy that will count, so in that case, for most professional traders, if there is no way to lose in trading, I am sure there is nothing that would be fashioned into a strategy called stop loss.
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
In trading you have to have deep knowledge on both technical and fundamental analysis in other to make money. I think and I advise that you should not put money into trading except you have getting enough knowledge, skills and understanding on how trading works if not you will lose. Please have this at the back of your mind that you are going to lose money if all you know about trading is technical analysis.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
Experience is very important aspect of trading. If you can develop your skills through experience you will become a professional trader in no time. Remember that trading is a game and the most skillful make the highest profits. Just like in football the most skillful make the high pay in the game.
As a newbie i think there is no way for not lossing a little bit profit or capital. Because we all know that newbie is on the stage of learning and we maybe ingage on some mistake that can lead us to loss our profit. I believe that we cannot avoid losing on trading specially when we are a newbie but we can make our possible loss when we are going to used a very small amount of capital money to do trading.
I hope the op will understand this as there is no way you can trade without losing. In trading you must makes some lose and profits. It is when your profits exceeding loses that you make profits. You should also no that you have to understand stop loss and take profits very well and know how it work in other to minimize losses and maximize profits. 
As a newbie i think there is no way for not lossing a little bit profit or capital. Because we all know that newbie is on the stage of learning and we maybe ingage on some mistake that can lead us to loss our profit. I believe that we cannot avoid losing on trading specially when we are a newbie but we can make our possible loss when we are going to used a very small amount of capital money to do trading.
It is essential that you spend some time firstly learning more about trading cryptocurrencies, and getting good knowledge about its skills. This field isn't totally safe, and it is involving a high level of risk, especially if you can't choose the right coins, or you can't analyze the market and the charts.
Like other earning sources of world, definitely when you intend to start something new, like a new business, you must learn about it. You have to grab every single essential information regarding this thing. If you don’t make it, you could never reach the level of success. How can someone supposed to make money from thing him or her even don’t know about?When it comes to being successful you have to make a lot of sacrifices with spending time and enough of it to know exactly what you are about to do. It is more like trying to drive a car on a freeway, and you do not have an idea how to even handle or control a steering. Crash and burn is always what comes afterwards. Apply same mindset to trading and you will realize how much you need to learn before starting at all.
As a Newbie, it is impossible to gain profits through trading because the system is completely different from the others. Through losing some money we will start learning the basics about how to start trading, you can ask any person who is an expert in trading will lose some money in trading.
for new traders so that you do not lose the money you have maybe you can do a good and correct trading method one of which you might be able to trade long term and you should not be affected by the bad news circulating because it will make you lose.
There is nothing like not losing money when it comes to trading and until you at least are able to come to terms with that aspect, that losing money is part of trading the market, you will never be a successful trader. Why do you think it is very important to try as much as possible to have a good reward to risk ratio? That is simply because as you entering the market based on what you are seeing, you are considering the fact that you want to see more reward than risk, and this is how professional retail traders do their thing, and you do not want to be approaching the market no matter what, without implementing a stop loss.
Don't be greedy in trading, take small but consistent profits better. rather than wanting big profits and being hasty in trading. Such trading will make you lose a lot of money. control your emotions.
Good luck
trader usually trapped in their greedy.they could not beat their own enemy.trading psychology mental take main roles in our trading result. Good luck
All the experts are start from newbie so trading skills are depends on our potential because some peoples are easily gain some knowledge in crypto trading. So I always recommend to take risk and few peoples are continuously panic in all the time that peoples are never achieve the profit. So everything is depends on our potential.
Yes, all people start being a newbie and it depends on someone as to how he would develop his skills so that he can be profitable in what he is doing. There are so many resources available in the net especially nowadays that it is very to search an information about something. It would entirely depend on our effort then and how we can make use of that information that we obtain to have a winner strategy that would bring us home the bacon. OPs strategy of getting some information from tradingview is a good strategy because I, myself use it as well.
كانت معلومات قيمة جداااااااااااااااااااااااااااااااا
Don't be greedy in trading, take small but consistent profits better. rather than wanting big profits and being hasty in trading. Such trading will make you lose a lot of money. control your emotions.
Good luck
All the experts are start from newbie so trading skills are depends on our potential because some peoples are easily gain some knowledge in crypto trading. So I always recommend to take risk and few peoples are continuously panic in all the time that peoples are never achieve the profit. So everything is depends on our potential. Good luck
https://t.me/crypto_ed1
Trading group, focus on teaching members and trade together. 6 experienced traders as team members.
A small guidance how to follow up our trade setups. We provide Daily charts and paid signals available also just contact my email: [email protected]
o rtake a glance at our charts on Telegram for daily updates, If want more paid signals email me!
97k+ twitter followers!
Happy trading
Trading group, focus on teaching members and trade together. 6 experienced traders as team members.
A small guidance how to follow up our trade setups. We provide Daily charts and paid signals available also just contact my email: [email protected]
o rtake a glance at our charts on Telegram for daily updates, If want more paid signals email me!
97k+ twitter followers!
Happy trading
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
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
If you are a newbie then you are prone to mistakes and you will lose a lot. This would make you cry at first, but in the end when you realize all of your mistake then it would be worth it.
with these things it can really help you out to sustain on your trading career and don't believe into fairy tale like things on avoiding completely of losing money.Its always been part of trading
but with due knowledge and experience you can somehow minimize it and be profitable in the end of the day.
Checking out those are technical indicators and I would say not all TA would be precise but using these tools aren't bad at all rather than using no indicator.
Don't be greedy in trading, take small but consistent profits better. rather than wanting big profits and being hasty in trading. Such trading will make you lose a lot of money. control your emotions.
Good luck
Good luck
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
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
If you are a newbie then you are prone to mistakes and you will lose a lot. This would make you cry at first, but in the end when you realize all of your mistake then it would be worth it.
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