Topic: How to trade wisely - page 7. (Read 3294 times)
The best advice that can be given in this market, always when your asset is growing, fix a part of the profit. At 100% growth, sell half, so you save your investments
First start with what you can lose and be vigilant in searching all the related information about the crypto you are going to invest and feel confident before investing. Once you succeed with the initial amount in trading then double your investment and the move on with the same formula.
If anything goes wrong in trading like losing your investment, just stop and analyse what went wrong and then step again, don't get panic for one or two losses if you win some profit since the market cannot be favourable to us always.
If anything goes wrong in trading like losing your investment, just stop and analyse what went wrong and then step again, don't get panic for one or two losses if you win some profit since the market cannot be favourable to us always.
Try to follow the main rules " Buy low sell high" or "Buy when everyone afraid of the future and sells when everyone wants to buy coins". This my strategy which works fine.
You are very lucky if you have mentor to guide you regarding trading but if you are truly a newbie it will come with experience. There are many guides in this forum and other sites that can guide you to trade wisely
depends on which currency you intend to use which platform but a tip is always to see if your profit will be higher when withdrawing the fees because if the profit is counting the rates you lose money
The fees for most altcoin are cheap and you don't even get bothered with that amount, so that makes no sense to complain about the fees when it doesn't affect anything because you only get charged by the small amount of that coins.
if you are newbie in trading make sure that you invest the amount that you can afford to lose then make a lot of reading not just here in btt forum their is alot of tutorial out their, find mentor that can teach you. so that you can learn slowly in trading. manage your emotion listen and read to the news of cryptoworld they have a big rule
The most important thing is to buy a crypto currency for the money that you are ready to lose. Before buying coins, you should mentally say goodbye to this money. Always follow this rule and you will not find yourself in a bad situation, immersed in loans.
Next, learn everything about trade well. This is both technical and fundamental and candlestick analysis. It's all necessary to know and understand. You can often hear that technical analysis doesn't work on crypto. But don't listen to anyone. Technical analysis is the basis for understanding the market. Without this knowledge, you will become one of those who will shift the blame for what you failed, to other people, news and circumstances, and this is certainly a bad way, at the end of which you will lose completely.
The next thing you need is, based on your knowledge, you will learn how to calculate entry and exit points from positions. Here the essence is clear, buy cheaper, and sell expensive.
And the main advice: never be lazy and do not give up. Remember, from any situation there is a way out. Difficulties are temporary. And strength and perseverance will bring you success!
Next, learn everything about trade well. This is both technical and fundamental and candlestick analysis. It's all necessary to know and understand. You can often hear that technical analysis doesn't work on crypto. But don't listen to anyone. Technical analysis is the basis for understanding the market. Without this knowledge, you will become one of those who will shift the blame for what you failed, to other people, news and circumstances, and this is certainly a bad way, at the end of which you will lose completely.
The next thing you need is, based on your knowledge, you will learn how to calculate entry and exit points from positions. Here the essence is clear, buy cheaper, and sell expensive.
And the main advice: never be lazy and do not give up. Remember, from any situation there is a way out. Difficulties are temporary. And strength and perseverance will bring you success!
Invest very small amount in the beginning, keep learning, reading, following yours and others trades, notice the patterns.
Than start too really learn, best with some mentor about trading. It is longer road but successful one!!!
Than start too really learn, best with some mentor about trading. It is longer road but successful one!!!
how to trade well and wisely you just need not easy to panic and do not easy to sell assets and coins you have in cheap price when the price collapses, do not get you affected by the situation, patience is the key to success you need.
choose two or more crypto invest the same amount in them and hope to increase the price calculate your profit when you take the fees but attention only sell when you realize that you will win a sum q cvc know that you will profit because often the rates ends up getting the profit of beginners
It is impossible to describe the entire trading experience in a few sentences. I would recommend you to read a few books on trading and undergo training with practical tasks from a professional trader you trust.
If you are a beginner in trading, do a lot of research watch youtube videos about trading, select a good coin to trade and also the most important thing is to select a good exchange platform to trade your assets, trading is not that difficult but it's risky just study it and try trading with small amount first.
i didnt know how to trade wisely im a beginner, can anyone help me
the core of a trader that is buy cheap cheap selling.but besides that you also need to read a lot of articles or books about a successful trader.
as a beginner you should often see the development of the market and know the movement of the coin, a little advice for you better you do not invest in one coin alone, you have to put your money on some coin, if one of your coin is down you still have chance to coin his other ride.
Learn the rudiments.
When starting off as a trader, it us vital to learn the basics, regardless of the level of knowledge you are exposed to.
It helps to have a mentor (personal or not)
To guide you through.
With every new level you become better.
When starting off as a trader, it us vital to learn the basics, regardless of the level of knowledge you are exposed to.
It helps to have a mentor (personal or not)
To guide you through.
With every new level you become better.
i didnt know how to trade wisely im a beginner, can anyone help me
In trading you need to choose best and potential coins. Look for its capabilities it this has the chance to grow more in the future. Never trade on cheap coins. Try trade with bitcoin and wait for the time it will rise. I am sure it will double your money or even will tripple it.
if you are a beginner then do not ever try to trade with big capital because trading in coin is very fast to go down and up. if you buy the coin at a high price and suddenly the coin is down the price then do not you get discouraged and do not panic. wait until the price is high and sell back. if you are still a beginner and want to trade then you should learn first with senior or you read more.
depends on which currency you intend to use which platform but a tip is always to see if your profit will be higher when withdrawing the fees because if the profit is counting the rates you lose money
It was hard to trade a couple of years ago. Then the crypto market was unknown. Now there are many articles about the crypto market. There are also growth charts of the crypt of previous years. You only need to spend time studying the schedule and literature! There is no specific scheme how to trade wisely. Each coin needs its own approach!
I understand what you mean. There are coins wherein you cannot do TA because it has no volume sometimes or very little volume so it has a tendency to become a pump and dump coin and a Technical Analysis most likely is not applicable in this case. TA is only effective when there are many people who use it in a coin because the more people who has the same indicators and strategy in a certain coin then the support and resistance would likely be the same so you will know when to buy and to sell. In some coins, news is the one that you can depend upon to trade that coin.
Read , learn , try, analyze and try . Everything comes with experience-the main thing is the doctrine and patience and everything will be
That would be the key. Experience is the best teacher if you wanted to learn in depth trading and know your potentials. At first, you cannot control your emotions and the only way to control it and eventually be emotionless in trading is to experience it over and over again. You will have a rational mind then when trading and being consistent with your trading plan.
the transaction is profitable . but it needs a lot of skill . and you need to take some risks . you'd better start with a small transaction . you need long-term practice .
It was hard to trade a couple of years ago. Then the crypto market was unknown. Now there are many articles about the crypto market. There are also growth charts of the crypt of previous years. You only need to spend time studying the schedule and literature! There is no specific scheme how to trade wisely. Each coin needs its own approach!
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