Topic: How to trade wisely - page 21. (Read 3294 times)
I want to learn to be a trader, but I am still confused, anyone can give experience how to be a wise trader and have a strong mentality?
You should know the basic. Study the market cycles first so that you will know when will be right time to sell, buy and hold, to panic or to relax. When it comes to your investments, its not that easy to follow the trend or just ask someone. You can avoid regrets and mistakes if you know how to analyze your own investments.
Diversify is the key for trading. Just remember to diversify in a good ratio on coins you are trading. Not to go all in at one coin.
i didnt know how to trade wisely im a beginner, can anyone help me
Want to be a wise person that has to be processed by yourself and often often make wise enough decisions for you, trade is vigorously and earnestly it is a small sample that can be in your future by increasing the insight and experience you can over trade hard, do not act excessively all also with your ability and your money do not to invest all the money you have do not know the risks that you will face the future may not to even harm, someone wise we can develop a good trading character with myself I'm sure it will be felt in the future.
Don't ask it here, just read some articles in Google and go invest your first $100 to see how it all works.
Play around with different coins, choose those that you find underpriced now, buy them when the price is low and sell when it is high, that's it.
Play around with different coins, choose those that you find underpriced now, buy them when the price is low and sell when it is high, that's it.
I think you should really understand the risks, benefits, taxes, and how the system works first. Do not rush to put all the money you have to buy this digital money. and The bitcoin value keeps moving every minute. Therefore, you need to monitor the movement.
Personally, I for myself identified some good thoughts:
1. Do not invest all funds in one currency
2. Before you buy something, then study the coin in detail.
3. Do not listen to advice, but think with your head.
4. Do not keep funds on stock exchanges, but transfer to cold wallets. (If you buy in the middle or long term)
5. If there is a financial opportunity, then buy a separate computer / laptop for bidding and wallets. Your money is always at risk, do not go to phishing sites and pages, always check them!
1. Do not invest all funds in one currency
2. Before you buy something, then study the coin in detail.
3. Do not listen to advice, but think with your head.
4. Do not keep funds on stock exchanges, but transfer to cold wallets. (If you buy in the middle or long term)
5. If there is a financial opportunity, then buy a separate computer / laptop for bidding and wallets. Your money is always at risk, do not go to phishing sites and pages, always check them!
ill use to buy using my cellphone ? it is ok ?
You will get hundreds of tips here, but you will truly only understand them when you start trading. Good luck
Patience and self control is the most important thing I guess in trading. Also you need enough knowledge and experience in doing so. There's no such thing as successful trader, I think all of the traders encounters loss at some point. So you'd better prepare on it.
To learn how to trade you need to try to trade! Just start with small amounts, which is not a pity to lose.
Don't be in a hurry to take part in the transaction, especially when you have just entered the world of the password. It is very immature to do so. It is suggested that you know more about the history of encryption and the development of the market. When you trade, you can learn as much as possible about the story of this coin and the latest progress of the project, which is very helpful for profit.
i didnt know how to trade wisely im a beginner, can anyone help me
I am sure you can become a skilled trader, and you only need to jump into the world of war, because sometimes the science can be more easily absorbed and easier we get with our way while moving to do it because just rely on theory alone is not enough.
It is wise to learn long-term, learn and read many books. You even have to give up the original money to buy the wisdom.
i didnt know how to trade wisely im a beginner, can anyone help me
thanks for the advive,, i will keep studying about trading,,thanks for all the tips
Start a trade only when you know why you’re starting and have a clear strategy for afterwards.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side). Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses. From my experience, there are days where you only keep your profits by not trading at all.
Not all traders make gains from trading, since this is a zero-sum game (for everyone who benefits someone else loses on the other side). Even if you aspire to trade on a daily basis, sometimes it is better not to earn and do nothing, instead of jumping into the rushing water and exposing your coins to losses. From my experience, there are days where you only keep your profits by not trading at all.
Personally, I for myself identified some good thoughts:
1. Do not invest all funds in one currency
2. Before you buy something, then study the coin in detail.
3. Do not listen to advice, but think with your head.
4. Do not keep funds on stock exchanges, but transfer to cold wallets. (If you buy in the middle or long term)
5. If there is a financial opportunity, then buy a separate computer / laptop for bidding and wallets. Your money is always at risk, do not go to phishing sites and pages, always check them!
1. Do not invest all funds in one currency
2. Before you buy something, then study the coin in detail.
3. Do not listen to advice, but think with your head.
4. Do not keep funds on stock exchanges, but transfer to cold wallets. (If you buy in the middle or long term)
5. If there is a financial opportunity, then buy a separate computer / laptop for bidding and wallets. Your money is always at risk, do not go to phishing sites and pages, always check them!
You correctly noted the main characteristics. If you will allow me, I will continue this list with basics taken from personal experience.
Greed is the main enemy of any trade. It is never worth waiting for additional growth or a fall, if this is not convincingly said by the forecast, it is better to be safe and stay on time.
Patience is a guarantee of profit.
The volume and capitalization for the markets are the key factors reflecting the mood of other players. Because only knowing these characteristics, you can clearly predict the behavior of quotations.
I would advise you to read "The Disciplined Trader" Developing Winning Attitudes Mark Douglas or "Reminiscences of a Stock Operator." These two books must be read
Better read some articles, reviews or books of successful traders on crypto. Beginners should always know the basics and the behaviors of successful trader. 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.
Hello, Tell me the name of the books on trading crypto-currencies. This will be useful for many novice merchants. I will also read these books if I did not do it earlier
A quote from Om Thomas's wise words:
"Master your whole life. Think faster, more accurately and more able to feel things than the people around. In the last analysis, mental expertise has an important role in most jobs. "(Thomas Finley)
"Master your whole life. Think faster, more accurately and more able to feel things than the people around. In the last analysis, mental expertise has an important role in most jobs. "(Thomas Finley)
Personally, I for myself identified some good thoughts:
1. Do not invest all funds in one currency
2. Before you buy something, then study the coin in detail.
3. Do not listen to advice, but think with your head.
4. Do not keep funds on stock exchanges, but transfer to cold wallets. (If you buy in the middle or long term)
5. If there is a financial opportunity, then buy a separate computer / laptop for bidding and wallets. Your money is always at risk, do not go to phishing sites and pages, always check them!
Read up this advice since these are the basic things you do need for you to be on a good track.Always decide for yourself not just easily believing into other words because most likely you would really commit mistakes because of this one.1. Do not invest all funds in one currency
2. Before you buy something, then study the coin in detail.
3. Do not listen to advice, but think with your head.
4. Do not keep funds on stock exchanges, but transfer to cold wallets. (If you buy in the middle or long term)
5. If there is a financial opportunity, then buy a separate computer / laptop for bidding and wallets. Your money is always at risk, do not go to phishing sites and pages, always check them!
If you want to trade wisely you should make your own mistakes and look for ways to escape from them. After many mistakes you will have more experience - and you will begin trade wisely.
Making mistakes are dumb thing to do, you rather do the things that you can avoid mistakes but as a newbie or even professional ones avoiding mistakes is not possible.Therefore,make a learning for those things so that you would able to reduce the risk on next trades. Jump to: