Topic: How to trade wisely - page 13. (Read 3260 times)
How wise is your how do you make a dollar you spend 10 times or 5 times more profits and if unfortunately you also preserve your minimum amount even you there will be no high risk of loss
in case to be a professional trader, experience is the most crucial thing to get. Without experience I am sure that you can`t pass your beginner level, you have to lose, win lose again in case of to be advanced.
i didnt know how to trade wisely im a beginner, can anyone help me
If you are waiting, one word, explanation, how to get rich, you choose wrong place. There is a lot of educative information in web. You need just google it. If you dont have much time to read, watch youtube videos, there are a lot of them, about trading.
In my opinion, the main things are to diversify your investments (i mean don't invest in only one coin, try to pick several) and not invest all the money you have in cryptocurrencies, because this market is very risky and unpredictable.
The Golden rule of trading : buy low - sell high. To do this, you need to delve into the market , analyze, read and learn . And then you will always be in profit
I think you'll need to make mistakes for your self to truly learn properly. thats why you should start small.
Also bookmark some of the pros spreadsheets like Ian Balina or Mandy or Sergio. Its a great insight into the highly sought after ICOs.
Also bookmark some of the pros spreadsheets like Ian Balina or Mandy or Sergio. Its a great insight into the highly sought after ICOs.
First learn how to be patient. How to kill ur emotions. Then look for a good coach to guide u. Crypto requires knowledge else u might end up losing all. Just know crypto is volatile, u can make profit today and lose tomorrow. So get a good coach and get started. Goodluck
Trading is one way of earning, and but most complicated one. We can't really predict whether market is going down or up, so I would suggest you study the graph chart of the market specially the coins that you want to use if you want to be a trader. It would be useful if you study the candle chart,rsi, macd. They are signals/indicators that help you determine whether the market is going to up or down and give an idea to seize the opportunity to buy and sell. I'm not it's precisely but It gives an indications of what to do.
actually, I'm also still a beginner in trading, but in my opinion, you should follow the coin’s chart and identify low and stable periods. Such periods are likely to be a consolidation period by the whales, and when the right time comes, accompanied by a good press release of the project, the pump will start and they will sell in profit.
You must first know the do's and dont's in trading and the things to avoid being scam and loss of money.
finding the right opportunity for trading is buying the particular coin at dips is the best way to nt to get stuck at pump times
Read more information study articles about successful traders gain experience and you need to be able to trade you need to buy at a low price and sell at high and then you will be in profit.
The most important thing I think that investors should learn when deciding to invest in a coin or project is the feasibility and practical application of that coin. If the coin is really good and potential, it will be a good investment decision, the next thing you need to do is to determine the proper buying area to keep for a long time. So if you do not choose a good coin then your investment will be very difficult because it can disappear at any time. 
only experience make a person a professional trader in my opinion, so you need time and a bit investment in order to understand the market and make some loses as well as gains in order to be capable of handling more.
Anything has a beginning indeed , the more you trade the more knowledge you'll gain then you'll know there's a way to make it profitable , the most important are to keep away yourself from greedy.Take a small profit , a makes sense target like 5% a week or 10% profit monthly , it's okay you got only a piece of shit , but for me it's the only way to get a steady income through trading. Never look back just go ahead.
lots of tutorials for beginners and many options to trade, in the market you can read trade history by analyzing the initial price up to now, essentially mentally speaking and do not panic when the price of coins we buy down
So, as you stated you are a beginner in training the first step I will recommend if you really want to trade any coin, have a intensive research upon that and when you finally make your mind to invest; wait for the right time to arrive. By right time here, I mean you should wait for coin to fall when market becomes red as it will provide some kind of guarantee for your investment as even if the coin does not perform well as expected, you still could have easily made profit just by investing at proper time.
Every successful trader learns from constant failure before finally gaining ground. I suggest you read more and learn more.
Just as the word "wisely", try do some research on your own, In the case of cryptocurrency, you shouldn’t jump on and buy coins without knowing what they represent and what the entity who issues the coins plans to do with the money they raise.
You shouldn’t just buy one set of coins; you should try and buy from many different issuers to protect yourself if one or more folds up.diversification is crucial.
For growth purposes you might consider relatively newly-issued coins that haven’t yet been adopted widely and seem to have a solid idea behind them while for stability purposes, is more likely to come from the coins that have been around for a few years and have proven themselves.
You shouldn’t just buy one set of coins; you should try and buy from many different issuers to protect yourself if one or more folds up.diversification is crucial.
For growth purposes you might consider relatively newly-issued coins that haven’t yet been adopted widely and seem to have a solid idea behind them while for stability purposes, is more likely to come from the coins that have been around for a few years and have proven themselves.
Now is actually a good timing to begin your trading. Cos these couple of days all the cryptos price are decresing. Today a bit coming up. So you can buy at a lower price.
And can start buying some top 10 cryptocurrencies. And see the tips in the bitcointalk forum to learn how other people trade. Then you can trade with your own style slowly.
Hope this will help.
And can start buying some top 10 cryptocurrencies. And see the tips in the bitcointalk forum to learn how other people trade. Then you can trade with your own style slowly.
Hope this will help.
Before you buy something then study the coin in detail.Patience is a guarantee of profit.
Better be advised that you should buy low and sell high if you want to trade wisely and don't forget to spread your budget on trading not focusing on one or two coins only.
Better be advised that you should buy low and sell high if you want to trade wisely and don't forget to spread your budget on trading not focusing on one or two coins only.
There are very important details and you can not just ask a forum how to get a good trader. You must first read articles about the basics of the crypto market. After that you will know how to manage your budget and any losses.
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