This just applies to bitcoin not necessarily for every cryptocurrencies cause that is where most newbies make mistakes, they think Bitcoin is way too high so they are looking for next bitcoin which may become high priced asset like bitcoin oneday and dump their savings or even everything but investment won't work in that way.
To be successful investor you need to diversify and to be a successful trader you need experience which will comes along with lots of bad times though.
Topic: Essential one to new traders in Crypto currency - page 2. (Read 360 times)
Good tips, but they are all about patience in trading. Yes, patience is one of the basics of trading, and whoever does not have patience is better not to enter the field of trading.
But trading is not only about patience, there are many basic skills that a trader must learn in order to be able to succeed in trading, in addition to the basic skills there are many personal qualities that he must possess, such as controlling emotions, not rushing, persistence, and not despairing when losing.
One of the most important skills is choosing the best times to enter and exit trades, there are a lot of other things a trader has to learn all of these things step by step.
But trading is not only about patience, there are many basic skills that a trader must learn in order to be able to succeed in trading, in addition to the basic skills there are many personal qualities that he must possess, such as controlling emotions, not rushing, persistence, and not despairing when losing.
One of the most important skills is choosing the best times to enter and exit trades, there are a lot of other things a trader has to learn all of these things step by step.
You are right on some things maybe even more if you want. But all of that is based on the ideal of a suitable trader in crypto trading. Because some people who are carried away by ambition actually fall down with considerable losses. The reason is when you are able to control your mind in crypto trading, all other aspects will be easy to control too. Beginner traders come with the aim of getting instant profits because they are matched with experienced influencers, as a result many conclude negatively that crypto trading is like gambling.
But the problem with beginner traders are they are more on emotions than trusting their own minds. That’s why it’s easy for them to fall and believe into crypto influencers and literally follow their advices, rather than doing their hard work in researching so that they can come up with good personal analysis. And with greed motivating them, the reason why they instant trade and instantly lose their funds too. 
Op here you have created many nice knowledgeable posts for newbies to trading. Actually new traders enter first with ideas from different people. They consider themselves to be very experienced when they come to the trading platform. They participate in trading without analyzing the market. As a result, when the market goes down, they fall into financial losses. But if the newbies trade according to your post then surely they will learn a lot and the chance of loss will be much less.
From my side I want to tell the newbies that you don't get greedy in trading platform and don't trade with passion. Because most people who lose money lose because of these two mistakes. Proof of this myself two days ago I participated in the futures trading platform but did not sell it even though I had a profit in the first instance. But currently I am in big loss in that trading. So I want to tell you that you should never trade with greed.
From my side I want to tell the newbies that you don't get greedy in trading platform and don't trade with passion. Because most people who lose money lose because of these two mistakes. Proof of this myself two days ago I participated in the futures trading platform but did not sell it even though I had a profit in the first instance. But currently I am in big loss in that trading. So I want to tell you that you should never trade with greed.
2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.
This is where you should really be minding or needs to be followed initially when you are really that a complete noob.Never ever make yourself put in a hurry on making profits in short duration
because this would really be creating that kind of desperation which is something that you should really be needing to avoid because instead on making money you would
eventually lost money instead because of desperation which would really be derailing you out of your strategies.
This is where you should really be minding or needs to be followed initially when you are really that a complete noob.Never ever make yourself put in a hurry on making profits in short duration
because this would really be creating that kind of desperation which is something that you should really be needing to avoid because instead on making money you would
eventually lost money instead because of desperation which would really be derailing you out of your strategies.
Every day some people get into the crypto currency trading.They come to know about cryptocurrency from their friends or relatives.They start trading with some capital and when the bear market comes,their balance will be reduced some value.After seeing a small loss,they will cash out the money and fly from crypto currency trading.The following steps will help such new people to avoid loss from the crypto currency trading.
1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.
2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.
3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.
4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.
5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.
Main difference i feel from stock market is the volatility as it's crazy high in Cryptos as compared to stocks. Moreover you have sellers freeze and buy freeze there you don't have any such things in Cryptos. The seller freeze make sure that market doesn't gets an infinite dump in a day just because of a bad news or even sometimes fake news. Also i think having expecting 10-20x returns from Cryptos is also very unrealistic. I think one should have a target of 10-20% increase per month, nothing more than that. 10-20x is a thing that happens once in blue moon. 1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.
2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.
3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.
4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.
5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.
One piece of advice I have read and I kept reminding myself about it that new traders should also realize before diving in is that there is a cycle of bull runs and bear markets. When the goal is to avoid loss, it's the investment timing and then waiting for that is to point out for them.
The volatility can be used to advantage but usually, it's BTC that has high volatility even in the bear market.
It's really difficult to jump right into this bitcoin trading without knowing which usually only leads to the loss or loss of capital due to the absence and lack of knowledge here.
Moreover, the volatility of Bitcoin is very high which makes it very difficult to predict what or where its market value will go, whether it will go up or down. So what you are saying is correct.
4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.
trading will be a bit different than investing. although you can trade for a longer time. or you can place a buy or sell order within a certain time. you will not escape the greater risk. if that's your way, I suggest always putting a stop loss. it will slightly reduce the risk.but for beginners, it's better to try to invest in Bitcoin than try to trade more riskily.
One piece of advice I have read and I kept reminding myself about it that new traders should also realize before diving in is that there is a cycle of bull runs and bear markets. When the goal is to avoid loss, it's the investment timing and then waiting for that is to point out for them.
The volatility can be used to advantage but usually, it's BTC that has high volatility even in the bear market.
Hearing about crypto from relatives and friends is not the actual thing but it is necessary to learn before starting because sometimes people start trading and investment but they don't know rules and regulations so they fail to get the benefit.
People should keep in mind that quick benefit is not possible but one should do all possible efforts and use their active mind and concentrate on market conditions so therefore they will be easily achieve the better outcomes.
Getting profit and losing money is the part of this so we cannot ignore these two factors but it depends on our decisions that what we try to get.
People should keep in mind that quick benefit is not possible but one should do all possible efforts and use their active mind and concentrate on market conditions so therefore they will be easily achieve the better outcomes.
Getting profit and losing money is the part of this so we cannot ignore these two factors but it depends on our decisions that what we try to get.
If they don't have the will to wait and sell at a panic. Then they are better of the platform. This is why in every situation, it is important to gather the knowledge first. But most importantly, gain a control over emotions. In the long run, this is what's important. You need a mindset not to sell when the market is low, just hodl till you have reached your target profits.
Sounds easy, but what made you do it? Emotions.
Also it is important to gather experience. But they just want to learn and earn from their first trades. You can't do the both at the same time mate. First comes the proper knowledge, then the experience, and lastly if used correctly, you can earn profits.
Sounds easy, but what made you do it? Emotions.
Also it is important to gather experience. But they just want to learn and earn from their first trades. You can't do the both at the same time mate. First comes the proper knowledge, then the experience, and lastly if used correctly, you can earn profits.
You are right that a person can only learn when he become engaged in practical use because just knowledge cannot teach you everything sometimes practice is necessary. Sometimes individuals of crypto does not succeed and are unable to get what he wants because he doesn't have any experience but he just read about it and hear about it through which one cannot get complete knowledge. Success will be only attain when you also engage in actual field and work for it by using your money.
Definitely we can say that it’s all about Volatility of the crypto currencies. So whatever is explained in the first two points has got direct relation with that only. The problem with the new traders in crypto is, they will follow what they learnt in the share market. It’s highly uncertain market. For the decentralised coins it’s always high volatility and no one can control the market at all, the volume could be very high at times while it could be less at the other times. But in many instances the new comer would just think it’s the old strategy they have to implement and they go all in without second thoughts. They definitely lose before they could get hang of it. 
3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.
True, there's is more reward in crypto trading than in stock trading. And the reason is quite obvious. Stability in the stock market compared with the crypto market. Lower risks in the stock market, compared with the crypto market.
Although, I like to think that we would see the crypto market looking more like the stock market if eventually it becomes regulated. We would see less volatility, meaning less risks.
You are right on some things maybe even more if you want. But all of that is based on the ideal of a suitable trader in crypto trading. Because some people who are carried away by ambition actually fall down with considerable losses. The reason is when you are able to control your mind in crypto trading, all other aspects will be easy to control too. Beginner traders come with the aim of getting instant profits because they are matched with experienced influencers, as a result many conclude negatively that crypto trading is like gambling.
Every day some people get into the crypto currency trading.They come to know about cryptocurrency from their friends or relatives.They start trading with some capital and when the bear market comes,their balance will be reduced some value.After seeing a small loss,they will cash out the money and fly from crypto currency trading.The following steps will help such new people to avoid loss from the crypto currency trading.
1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.
1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.
Lol, you sure about this? Cryptocurrency is highly volatile, speculative trading stuff. Cryptocurrency depending on what coins or tokens you are invested with can be either very short term to very long term investment. When I say very short term, shitcoins are often good for weeks or few months of investment, if you failed to sync with the market, you will lose the value of your holdings since the market will become worthless once the pump and dump is executed. Cryptocurrency is more volatile than the stock market and cryptocurrency market is open 24/7 while the stock market isn't.
2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.
If we don't have money, we can use dummy and demo accounts to simulate and practice trading. There are sites dedicated to this. You can just google a demo trading account and the internet will give you lists of sites where you can create demo accounts for the practice.
1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.
When compared to the stock market, cryptocurrency volatility is substantial. If it were possible to gain 5% profit in the stock market in a short period of time. In cryptocurrency, you'll earn more in some coins, particularly those that are usually pumped.
Quote
2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.
This is where most newbies make mistake, investing all the money they own into cryptocurrency. Even the master traders feel bad when they lose some significant amount of money in trading, so a newbie will feel uninterested and will leave the market sooner than expected.
5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.
This is the expectation of every experienced hodler of crypto coins but unfortunately not all understand that. The challenge however is not knowing when that volatility will come and that is why at the little drop some people will panic and sell. The market could be manipulated some how for weaker hands to run out and that is exactly what happens sometimes with the price.
In my opinion, all market is the same there is a moment when you gain and also there is a moment you lose, no matter if you newbie or a pro. The only different is our personal technique to tackle the market. Like money management, trading indicators, and so on.
But in the case here some new trader is lack of knowledge so they end up losing and leaving the market. whereas to become pro trader we need time to gain more knowledge and testing many things and lose sometimes
But in the case here some new trader is lack of knowledge so they end up losing and leaving the market. whereas to become pro trader we need time to gain more knowledge and testing many things and lose sometimes
Not only about techniques, it will be differ with knowledge also if you don't know how to handle losses then it might lead you to loss more in the future with your emotional stability. Plus the afford to risk your funds also counts as it will affect your decision making since your anxious to put your money in the market. But it's common for newbies to have losses it's up to them if it will continue as they pursue to be part of crypto industry. Even what you called pro trader started as them so don't be afraid to risk and still put money that you afford to lose.
Every day some people get into the crypto currency trading.They come to know about cryptocurrency from their friends or relatives.They start trading with some capital and when the bear market comes,their balance will be reduced some value.After seeing a small loss,they will cash out the money and fly from crypto currency trading.The following steps will help such new people to avoid loss from the crypto currency trading.
1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.
2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.
3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.
4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.
5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.
1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.
2.You have to learn trading by using a little amount of dollars in practical experience.You should not consider such money as loss.After you learn trading,you can earn 10-20x of the loss money.
3.Stock market will give you profit lesser as compared to crypto currency.You can earn 10-30x of investments by investing on potential crypto currency.You should ready to hold till the expected profit had gained into your wallet.
4.Holding for longer period with some patience is most essential one in crypto currency trading.Because the market flow is purely based on the demand and investment to the cryptocurrency.It may vary on every quarter of the year,mostly it started to increase after the first quarter.Mostly after the month of April in every year.
5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.
I think the main one is protecting your capital from heavy losses. Also, follow good risk management and use only 2% of the capital for trading. Patience is the key as well.
Jump to: