Newbie should trade or not? Please give me idea. - page 21.

pant-79

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Quote from: tuan.mshd on October 02, 2018, 12:14:30 PM

Hello every body.I am a Newbie. I joined Crytopia about four months ago. I hold ont and dog Now I want to practice to trade .Please help me give some idea for Newbie as me, I should trade or not? I really want to receive the instruction of the go-ahead, thank a lots. Kiss

Before you start trading you need to learn the basics of crypto trading. That is, the main points, without which it will be difficult for you to deal with the situation on the market. Next you need to start learning technical analysis. Already during this, you can start practicing on small amounts of money. After that, examine what indicators for analyzing graphs, figures of technical analysis and candlestick analysis are. All this knowledge and constant practice will help you become a good trader.
There are many pitfalls in crypto trading, so never be lazy to learn new information.
I also recommend that you learn what the phases of the market are and how to determine them it will make trading much easier for you. And always work on your emotions, don't let them control you, always act according to a predetermined plan.

rijaljun

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Quote from: dameh2100 on May 03, 2019, 07:54:06 AM

If you have enough knowledge in trading even if you are newbie, you can do trading but it would be risky. My tips on newbie when it comes to trading, it is important to learn first the fundamental of basic trading like technical analysis. Invest money that you can afford to lose.

Agree!
Newbies should not trading unless they have an effort to learn basic trading. Even we are not a trader, we should understand market condition so you won't lose in any investment (if you decide to invest in something). That's a must in crypto space!

efrenbilantok

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As a newbie, it is not recommended to just rush into trading, you need to study about the basics first, then try it on some trading simulator that you can search in google, this for the newbie's sake, actual trading really maximize your learning but to minimize the risk you needed to learn the basics for real.

dameh2100

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If you have enough knowledge in trading even if you are newbie, you can do trading but it would be risky. My tips on newbie when it comes to trading, it is important to learn first the fundamental of basic trading like technical analysis. Invest money that you can afford to lose.

futurelab

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Start trading crypto for a newbie is hard without preparation, and in my opinion even if you are prepared. The safest and easiest thing could be to work using arbitrage system. You take advantage of price differences of the same coin on a different exchange. The example you can buy BTC at 5500 on Cryptopia and sell at 5600 on Binance ( if there's this gap). To do so you should use software or use some online service that shows you in the real-time price difference. ( there are several searching on google "arbitrage crypto". But you must consider the cost of transaction x2 ( very often 0.2x2=0.4%) than, trades where profit is less than 1% profit is useless. You need to check the quantities as often are not available. This technique is valid if you do many trades per day with little profit but is safe. ( consider that some trades could not go through due to market fluctuations).

Seeker#9

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Almost all newbies think that trading in cryptocurrency is easier than any other exchanges available like stock and forex. It because they saw their friends or mentors earning a lot in their trading. Many of them are disappointed later after their initial tradings because of their losses. Newbies should learn and memorize the basics of trading, learn to withold emotion and always be patient. Losses should be a part of learning experience because it make you wiser. Trade only if you are already well-prepared.

greenclub09

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BBOD - The Best Crypto Derivatives Exchange

Quote from: Malamok101 on May 01, 2019, 06:49:38 AM

I will direct you to the point that if you have no experience in trading and you are a newbie also its better to learn about trading and how it works before putting your money in the platform and avoid complaining if your loss your money in one day. Grin

Yes learning before we trade is something we must do before any action in cryptocurrency because unlike any other currencies, crypto is unstable so it is harder to learn the patterns, a newbie without any experience will surely suffer more losses at the begining of trading, of course i admit trading is the best way to earn profit and safe, so newbie should learn to trade carefully before they can actually trading.

Opnsrc

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Quote from: Eildosa on April 20, 2019, 06:40:18 PM

It doesn't matter if you're new or not. if you have a desire to learn how to trade, then you should do it. The most important thing is to get knowledge first, and then try them in practice.

If you do not trade, you will never become a trader. Even if you are a newbie, start doing it. Naturally, pick the altcoins you trust, and do not work with great sums. Even if you lose, take it as a lesson.

jazmuzika217

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Well of course the first and foremost that you need to figure out is how the market works. As you can see, all types of crypto currencies are super volatile when it comes in price range
The best thing you can do here is do your own research regarding to what to be invested or which is which. Research plus good chart reading is your best weapon. Goodluck buddy!

Genamant

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Trphy.io

basically you have to trade first hand to apply what you have learnt,actual trading will make you understand the market more
make sure to put minimal amount first while exploring in trading, i can say trading is not easy specially in crypto which is very volatile.
so make sure to back up your trade with all the knowledge and strategy that you can get

Malamok101

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I will direct you to the point that if you have no experience in trading and you are a newbie also its better to learn about trading and how it works before putting your money in the platform and avoid complaining if your loss your money in one day. Grin

senyorito123

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#SWGT PRE-SALE IS LIVE

Quote from: BeGoods on April 30, 2019, 09:25:05 PM

Quote from: Tungsten-1 on April 11, 2019, 08:27:08 AM

Quote from: travwill on April 10, 2019, 08:57:13 AM

The best way to lose your deposit to a beginner is to start trading. I would advise all beginners who want to learn how to start trading with theory and demo accounts.

Good idea for new traders as they can learn trading as well as they can after that they should be confident about their investment and always choose the best coin, the more promising one, there are so many coin the market and some are not profit worthy so new traders should know which should be buy, at first time better trade for long term.

No one forbids you to start trading, but that's right what he said, if you want to lose your money, just start without studying first. You have to start by learning the ins and outs of trading and crypto first, understand how to read the market, and demo accounts are also a good idea

Before making first investment, take the time to gain knowledge and learn the basics. It is important that you should know your purpose. The biggest obstacle to achieve profitability is an inability to control one’s emotions and make logical decisions. It can be an advantage if you have the knowledge of how market works and how to read price, but it is not enough to consistently be profitable. You need skill to be successful, and in order to build a skill, you need practice and experience.

BeGoods

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Quote from: Tungsten-1 on April 11, 2019, 08:27:08 AM

Quote from: travwill on April 10, 2019, 08:57:13 AM

The best way to lose your deposit to a beginner is to start trading. I would advise all beginners who want to learn how to start trading with theory and demo accounts.

Good idea for new traders as they can learn trading as well as they can after that they should be confident about their investment and always choose the best coin, the more promising one, there are so many coin the market and some are not profit worthy so new traders should know which should be buy, at first time better trade for long term.

No one forbids you to start trading, but that's right what he said, if you want to lose your money, just start without studying first. You have to start by learning the ins and outs of trading and crypto first, understand how to read the market, and demo accounts are also a good idea

wxa7115

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Quote from: HellDiverUK on April 20, 2019, 07:23:13 PM

Quote from: tuan.mshd on October 02, 2018, 12:14:30 PM

Hello every body.I am a Newbie. I joined Crytopia about four months ago. I hold ont and dog Now I want to practice to trade .Please help me give some idea for Newbie as me, I should trade or not? I really want to receive the instruction of the go-ahead, thank a lots. Kiss

Join big exchange like binance is a good choice, if you want to learn more like signal trading,good news etc you can join telegram group for trading discussion or trading vip channel

You are not going to learn much form those channels or even from youtube, you need to really try to learn from famous traders and what they do to beat the markets, I know that many think they keep their strategies secret and while they do not reveal the specific strategy they use to beat the markets they reveal the general methodologies they use and if you read a few books about the subject you can create your own strategy.

However the problem is that many people are not really willing to go through that effort, they want to get easy profits and nothing more and the market is not really a place to try to do that since there are many people that are doing their best to beat you while you are doing nothing.

HellDiverUK

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Quote from: tuan.mshd on October 02, 2018, 12:14:30 PM

Hello every body.I am a Newbie. I joined Crytopia about four months ago. I hold ont and dog Now I want to practice to trade .Please help me give some idea for Newbie as me, I should trade or not? I really want to receive the instruction of the go-ahead, thank a lots. Kiss

Join big exchange like binance is a good choice, if you want to learn more like signal trading,good news etc you can join telegram group for trading discussion or trading vip channel

Eildosa

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It doesn't matter if you're new or not. if you have a desire to learn how to trade, then you should do it. The most important thing is to get knowledge first, and then try them in practice.

Best Dreams

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Quote from: liuqi on April 20, 2019, 10:57:46 AM

Quote from: Ezenwanyi1 on April 20, 2019, 10:30:31 AM

As a beginner in cryptocurrency, I would suggest you first of all get acquainted with what the cryptocurrency market is and how it works .
Get someone that you can be asking some questions where you get stuck understanding cryptocurrency and it's intricacies.
This is necessary as it would save you from making avoidable trading mistakes and getting rekt.

Learning is must for trading or any fields whether they have money or not. They should learn before they start into it.

When you invest on the bitcoin and ethereum there is no need to have big knowledge because both are trustworthy but while investing on other altcoins in trading platform you must equip yourself to understand how the chart works, how the indicator are working and everyting to make money.

yeah for all new traders it is very important to learn before starting as price change will come, hacking will come so better learn before you start trading. So to become a good trader one should have patience enough to gain knowledge and then enter the market of trading so that it will make profit, trading is all about knowledge and skills, otherwise everyone is welcome for trading.

liuqi

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Quote from: Ezenwanyi1 on April 20, 2019, 10:30:31 AM

As a beginner in cryptocurrency, I would suggest you first of all get acquainted with what the cryptocurrency market is and how it works .
Get someone that you can be asking some questions where you get stuck understanding cryptocurrency and it's intricacies.
This is necessary as it would save you from making avoidable trading mistakes and getting rekt.

Learning is must for trading or any fields whether they have money or not. They should learn before they start into it.

When you invest on the bitcoin and ethereum there is no need to have big knowledge because both are trustworthy but while investing on other altcoins in trading platform you must equip yourself to understand how the chart works, how the indicator are working and everyting to make money.

Ezenwanyi1

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Veil

As a beginner in cryptocurrency, I would suggest you first of all get acquainted with what the cryptocurrency market is and how it works .
Get someone that you can be asking some questions where you get stuck understanding cryptocurrency and it's intricacies.
This is necessary as it would save you from making avoidable trading mistakes and getting rekt.

LimLims

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1xbit.com

Quote from: travwill on April 10, 2019, 08:57:13 AM

The best way to lose your deposit to a beginner is to start trading. I would advise all beginners who want to learn how to start trading with theory and demo accounts.

I am not somehow agree with you.
What do you mean by demo accounts? For trading you need to have at least some kind of money.
Really disappointed by your advice.
A newbie should really try to learn trade and people often learn something when they lose something.
So if you occur little loss then it's alright as you gonna make a big win next time.
Good luck mate and i wish you win big.

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