Be a newbie trader. I avoided losing money. how? - page 4.

ShadowBits

hero member

Activity: 994

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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

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.

arthotdog

full member

Activity: 462

Merit: 100

There is no chance that a trader cant lose money as even the expert traders sometimes fails from the subjected coin or token purchased so spare no one from that

But what i believe is even if we lose as newbie,we can make over that losses and recover those amount,when i first enter the trading i must admit the five first tradings i made is failure,but i never stop learning until i get the rhythm and now making profit from that

Sifon

jr. member

Activity: 112

Merit: 2

Quote from: abanansah on July 24, 2018, 04:26:13 PM

Avoiding losing money is not something you can control , the market determines weather you win or lose and not understanding technical or fundamental analysis.

I think you can to a large extent avoid it. Loosing money as a trader is a given, and heck, it's part of the sacrifices you have to make to learn. But the place of learning and some basic knowledge is very pivotal to avoiding losing money continuously. Knowledge will help you know when to buy and when to sell.

Lighthouze

jr. member

Activity: 196

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

This is awesome and it's amazing how you've known this already. It just goes to show that one is a newbie on here doesn't necessarily imply one is a newbie in other spheres. Trading skills is one that can be acquires outside the world circles as it's applicable to traditional Forex and commodities trading, and it requires being acquainted with the basics and then building on that knowledge.

taliwang

sr. member

Activity: 658

Merit: 250

when a new trader like you wants to avoid losing the money you have then you should be able to learn how to trade that is good and right and after that you try to be able to understand how to trade well and correctly so that later you don't experience losses.

iMark

sr. member

Activity: 1162

Merit: 251

Quote from: coinfinger on November 08, 2018, 12:50:53 AM

Quote from: dzhan on October 29, 2018, 08:48:54 AM

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?

Indeed it seems rhetorical when someone tells you to learn first before starting trading, but when you know the conditions that occur. in fact many people do trade without extensive knowledge and don't even learn at all, many traders just try heir luck, or just learn the basics only and then try it. of course the possibility of loss will be much greater.

prtty2gal2

hero member

Activity: 1092

Merit: 523

Quote from: nydiacaskey01 on November 05, 2018, 05:00:33 AM

You can use as many tools as you want to further verify your decision if you plan to buy or sell your coin. Its like asking for a second opinion to another doctor. Using RSI and Bollinger band is a good combination to help you decide if its still a Buy, Hold or Sell, if unsure, use Parabolic SAR as it shows if its a Buy signal of Sell signal. Just make sure you use the right time frame in your charts. Results will be different if you adjust the time frame covered.

The idea of even having a strategy and making use of indicators to at least make those strategies work out well for you when it comes to making the decision is basically just more like a guideline. The essence of trying to avoid losing money is something that cannot happen and I believe anyone who is simply trying to do that, will only end up in a position where they will end up overworking themselves and their emotions.

It is always part of the plan, buying, selling and stopping loss, which balls down to money and risk management. All you just need to do is to learn and develop a strategy that suits you while you stick to it and build on it.

coinfinger

sr. member

Activity: 1638

Merit: 278

Quote from: dzhan on October 29, 2018, 08:48:54 AM

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?

PizzaBTC

sr. member

Activity: 555

Merit: 252

Quote from: Sobocirevo on November 02, 2018, 12:19:54 AM

Quote from: otundebis on October 31, 2018, 04:26:36 PM

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.

When it comes to trading, a lot of newbie traders should know that the risk involved is very high and the more ignorant you are when it comes to trading, the more you are prone to risks and the more you are going to lose.

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.

rebrik7

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Quote from: Pattart on November 06, 2018, 04:46:29 AM

Quote from: Leonard2016 on March 30, 2018, 07:40:37 AM

that was a good information , and i'm also think every one needs to learn before trade , but Fibonacci analysis is more than that , It's about Fibonacci series in mathematics and golden points , A complicated method but very intersting.

I doubt if the newbie can know about RSI or like fibonaci series and so on for market analysis. but it is a very good tips for increasing
knowledge mate, including me who just heard about it. Lol

Don't make me laugh my friend)
If a person has the lowest rank in the forum, this does not mean that he is nobody in life.
What if he just has somebody who can teach him basics of tading?

boeingpaperplane

newbie

Activity: 24

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Knowledge is power

Pattart

hero member

Activity: 1190

Merit: 500

Quote from: Leonard2016 on March 30, 2018, 07:40:37 AM

that was a good information , and i'm also think every one needs to learn before trade , but Fibonacci analysis is more than that , It's about Fibonacci series in mathematics and golden points , A complicated method but very intersting.

I doubt if the newbie can know about RSI or like fibonaci series and so on for market analysis. but it is a very good tips for increasing
knowledge mate, including me who just heard about it. Lol

Google+

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Activity: 2464

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Leading Crypto Sports Betting & Casino Platform

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.

alexyong342

newbie

Activity: 90

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It’s all over the internet; it’s all over the news. It’s the next big thing, and it’s going up without you. FOMO, regret, and thoughts of what could have been.

https://www.altcoinsidekick.com/blog

nydiacaskey01

legendary

Activity: 1834

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You can use as many tools as you want to further verify your decision if you plan to buy or sell your coin. Its like asking for a second opinion to another doctor. Using RSI and Bollinger band is a good combination to help you decide if its still a Buy, Hold or Sell, if unsure, use Parabolic SAR as it shows if its a Buy signal of Sell signal. Just make sure you use the right time frame in your charts. Results will be different if you adjust the time frame covered.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

Quote from: Osarman on November 02, 2018, 03:00:58 AM

Quote from: josephdd1 on October 28, 2018, 06:03:52 AM

There is no such thing as perfect trade and while technical analysis is helpful, I agree that its not the ultimate factor determining market prices. At this time, following the news might be effective but it won't always be the case.

Yes you cannot become a perfect trader overnight not you can learn to avoid loosing value in the market in a few days. There is a slang term that unless you loose money in the market, you cannot learn how to keep the loss outside the door. However if you invest a bit of capital in every asset, it will help stay good and even if one of the assets is prone to a loss of value, the others might not and might rather grow in value as well. So this is one way to avoid loosing money when you are a newbie.

There is even nothing like a perfect trader, as one way or the other, traders keep learning and fine tuning their strategies every single time to make the best of trading to their benefit.

What a lot of people might not understand is that loss is something that cannot be avoided at all even as a pro trader, and the only thing you can always do most of the time is to have a strategy when you want to be entering the market, be sure that you stick with it, know that loss is something that can come no matter the strategy since market conditions can quickly change anytime, and in that case, you have to just make sure that your stop loss is something you will never discard, but all these things would always come as an impossible thing to carry out if you do not learn and practice.

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: emberbekas on October 28, 2018, 12:13:42 AM

No one can avoid loss in trading. That is the risk we should accept before we decided to get involved in this type of business. If there is a way to avoid such losses, sure everyone will make it as their only thing to get money. Profit and lose are two common things in trading.

Exactly no one can have profit always. You might have win or loss randomly. This is your fate too that brings win or loss. More you lucky more you win and other case would have loss. But be prepared for it. Don’t let yourself destroy just after your first loss. Your minds should be digesting the risks and associated threats and problems. Things aren’t that much smooth every single time.

Osarman

hero member

Activity: 952

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Quote from: josephdd1 on October 28, 2018, 06:03:52 AM

There is no such thing as perfect trade and while technical analysis is helpful, I agree that its not the ultimate factor determining market prices. At this time, following the news might be effective but it won't always be the case.

Yes you cannot become a perfect trader overnight not you can learn to avoid loosing value in the market in a few days. There is a slang term that unless you loose money in the market, you cannot learn how to keep the loss outside the door. However if you invest a bit of capital in every asset, it will help stay good and even if one of the assets is prone to a loss of value, the others might not and might rather grow in value as well. So this is one way to avoid loosing money when you are a newbie.

Sobocirevo

newbie

Activity: 72

Merit: 0

Quote from: otundebis on October 31, 2018, 04:26:36 PM

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.

Togacity

jr. member

Activity: 112

Merit: 1

Mastery is the key to success in any field of endeavor and trading is no different. What you have shown indicates mastery and you are on the right path. To master trading is a bit complicated but it worth it. Thanks for sharing sir

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