Topic: Beginners Should Follow These To Be A Good Price Predictor - page 5. (Read 653 times)

For every upcoming newbie or upcoming traders who are learning the ropes; i would advice that before you begin learning at all; undergo a trading psychology and emotional class; it helps greatly believe me.

Because in crypto currency to atleast; there are no emotions, no love, no hate; what we see in crypto currency trading are only profits and losses.

• How to make more profits;
• how to limit losses
• How to make profits consistently
• how to avoid losses.

To thrive in crypto currency trading, you must first overcome your emotions.

Your take doesn't necessarily mean that if you do any stuff with the things OP things listed, it's still no guarantee you will get any of the prices right. Being an indicator of price isn't necessarily equate to just following it. It's still up to the market.

Following the steps you pointed out OP, it could assure one turns out to be a good price predictor.
Besides this, the case of an individual having to carefully ascertain if this information is helpful is if the mind is patient to understands the words.
This shows the interest, mostly when the goal in view is for it to serve as a likely source of income.

The demo features don't help much, but might be good for anyone too worried about running out of budget. After all, live trading will give them experience and courage, but of course beginners shouldn't rush with big budgets. While the demo can help you figure things out, your worries will likely be the same when it comes to live trading.

My one piece of advice, beginners just need to start trading with a small budget while developing their trading skills. Also don't expect to get rich overnight and stay away from more altcoins.

The Op's Compilation is good I do respect it, Information will be also helpful but as the dear above said this is one of those topics which is discussed many times many many times, even though I had done a basic trading series which is incomplete because people don't like reading much stuff, Videography and Charts & Images are more effective for this purpose. I will suggest starting critical topics, on the basis of queries, day-to-day asked questions, and current market developments, It will bring more responses.

The rest of the things are good as your compilation, I think it's enough to read properly still you can improve it by making it visually more pleasant using Bolding, Colors and different sizes, etc.

You have done well by presenting this for those who will be interested in learning bitcoin trading despite the fact that this might have been discussed several times before but there's still more needs to keep reminding people coming new to trading the required procedures and all needful requirements needed for a successful trading, if they can go through the whole process and keep in mind the possible required principles in trading, they will have the best in trading over time.

Crypto Beginners are those who have just started to know or learned a little about Crypto or Trading. That's why it's very crucial time for them as they don't have much experience. But a good start can change his future and a bad start can make him disinterested to Crypto or Bitcoin. So here are some of my advices and I know they have much more to learn.

1. Doing Fundamental Analysis: Fundamental Analysis is used to Determine how much potential a Crypto or Bitcoin is. Also by this Beginners will learn how Bitcoin or a Crypto works and what are the advantages or Disadvantages of Crypto. So to predict price of Bitcoin you should know about it's fundamental and it's potential for the future. It's also important if any new project launched and we are curious about it's potential.

2. Use Moving Avarage and Chart Analysis: Its a must and common way to predict price of Bitcoin and for this you have to know about some indicators and patterns. You can draw support and resistance level in your chart and can predict the price will pump it it hit support zone or can dump a little or be stable in resistance zone. Also Moving Avarage (MA) will simplify your prediction and will notify you about upward trend or a downtrend. The best app to practice technical analysis is TradingView. You can use some useful indicators for free in this app.

3. Learn from others Analysis: In TradingView you will saw many users are sharing their opinions about market prediction. Some of them are predicting pump of Bitcoin and some are predicting down. They have their own research so try to study their chart drawing and analysis. Then learn from the wining predictions and search faults from the losing predictions. That will help you to grow in a effective way.

4. Experience your knowledge with Demo Trading: Its a good choice for beginners to trade with the demo funds before investing real funds. It will help to find out the faults of your analysis without losing real assets. It will also increase the experience of a trader. Some sites are offering Demo trading like Etoro , Bybit etc.

5. Avoid Emotional Trading and Always Follow the Trend : Beginners are very poor to control their emotions in crypto trading. Even many experienced traders can't control it. So it should be controlled by practice and patience. Don't go for FOMO(Fear Of Missing Out) buying, avoid FUDs (Fear, Uncertainty And Doubt) and try to know more about Fear and Greed Index. And it's a must to follow the trend because there might be a chance to pump together.

6. Learn About Upcoming News or Events: We all can predict that Bitcoin pumps hard after every Halving. So there are many upcoming news and events available of every project which can determine its price. So we should also look at those upcoming events.