Newbie should trade or not? Please give me idea. - page 26.

mirawantirinjana

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Quote from: tuan.mshd on October 02, 2018, 11:14:30 AM

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

Newbie, everyone must experience that phase. even merchants who are already proficient will definitely become a beginner.
therefore it cannot be a reason for you to be afraid to start trading.
do trading whenever you want. learn more about your predecessors.

syamster

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Quote from: Google+ on March 03, 2019, 11:45:32 PM

Quote from: richcorner100 on March 03, 2019, 10:19:16 PM

Yes you should be have knowledge about trading because from the fluctuacion of crypto we can make good money. We can make money in crypto from uptrend or downtrend , if the price uptrend buy some potential coins and sell it after target profit achived and then shorting the price if the trend is bearish. Never hold any crypto without risk management.

to be able to have knowledge about cryptocurrency trading is very easy, you must be brave to try and have a very high sense of curiosity, because if you never try and do not have a high sense of curiosity then you will never be able to have knowledge.

Indeed a new trader and an investor of crypto currency will have to have those guts to face volatility and those problems which can happen because of price rise and fall, so at time of fall it is important to have patience and at the time of price rise it is good not be greedy for increasing it more and more so better is to sell at once if market touches the peak price.

hipSter

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Of course they should trade but do it with money that they are not afraid to lose.

jrrsparkles

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Anyone can do day trading when they have ability of successive trading skills and also they have enough money to suruve if there is bad days on the crypto prices.

I saw some newbies with much excellent trading skills so it all depends on how much effort they are giving to make it.

Coin-Desk

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Newbie should not be traded. Because the newcomers never understand the trade. Newcomers think of getting the right profit while trading. And once they think about the profit, they lose all of the capital. Newcomers never want to understand what it is in trade. There are more temptations in newcomers. They try to get rich quick by trading. But they do not know that it takes patience to trade. Success can never be achieved without patience. So I would say that the newbie is not good to trade. Before trading, it is necessary to have a good idea about newbie trade.

Thank you.

Noa_Amable

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Quote from: tuan.mshd on October 02, 2018, 11:14:30 AM

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

you should remember that practice makes perfect.
get ready to read a lot and practice a lot.

first of all decide what coins you are planning to trade (choose major ones).
find sources where you can check news for this or that coin (3-4 websites).
then try to follow coin price and the news. try to understand because of what news price move this or that direction.

you can try to use technical analysis when no news are coming.
Start with support and resistance concept.

vixcious

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Quote from: tuan.mshd on October 02, 2018, 11:14:30 AM

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

If you want to get rich, you should practice trading and investing here. Every day there is a lot of positive news about crypto and many businesses are gearing up to establish their own coin in the crypto market. Our market will soon grow in the future.
So practicing investing and analyzing is now good and it will make you rich in the future. Read a lot of books on how to invest, you will have quite a good amount of knowledge to get started. good luck buddy !!

Dudeperfect

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Well, I believe that newbies should definitely trade but they should invest their time before investing their money in order to understand how market works and they should spend more time in doing research and building their own trading strategies instead of blindly relying on others opinion. Initially, they should invest the minimum possible amount and learn from the experience, which will help them to make better choices when they will scale up their volume.

Xising

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Quote from: tuan.mshd on October 02, 2018, 11:14:30 AM

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

For me, I would say, you can but keep it at a down low or only involving little amounts of coins. I say that because trading market is such a risky department to delve it, and if you will try to wing it early on while not having that much knowledge and experience in the field, there would really be a high chance that you can fall to failure and that could be a make or break of your career in the cryptocurrency market. I would suggest for a newbie to gain some experience and knowledge in the trading market first before tackling it head on.

coin-investor

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Quote from: tuan.mshd on October 02, 2018, 11:14:30 AM

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

There are a lot of tutorials and course on UDEMY, it will fast track your knowledge effectively about trading in cryptocurrency, this is the best you need to invest a few dollars in these courses and you are on your way to make a huge profit for yourself.

Lpim01

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Quote from: richcorner100 on March 03, 2019, 10:19:16 PM

Yes you should be have knowledge about trading because from the fluctuacion of crypto we can make good money. We can make money in crypto from uptrend or downtrend , if the price uptrend buy some potential coins and sell it after target profit achived and then shorting the price if the trend is bearish. Never hold any crypto without risk management.

Even though they are just new in crypto but we never know that maybe they are can be more profitable than of the old ones or maybe they are more strategical than of the others. Crypto is open for all and there is no discrimination inside, only it need someone who are willing to take the risk and willing to learn about trading.

crwth

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It's sad that you joined Cryptopia because it was hacked. Hopefully, you have gotten your funds back.

Anyways, I have a suggestion that you would like or anyone who is possibly new to the crypto trading space. It's using a trading bot. You would manage your funds, and you would immediately trade it once you know how to run it. For example, Gunbot, I use it specifically to be emotionless in my trades. I don't want to include some of my emotions that would probably jeopardize my consistency. As long as I'm earning and profiting from it, I would continue to use it, and Gunbot hasn't failed me with trades. It's a beneficial tool to invest in.

Google+

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Quote from: richcorner100 on March 03, 2019, 10:19:16 PM

Yes you should be have knowledge about trading because from the fluctuacion of crypto we can make good money. We can make money in crypto from uptrend or downtrend , if the price uptrend buy some potential coins and sell it after target profit achived and then shorting the price if the trend is bearish. Never hold any crypto without risk management.

to be able to have knowledge about cryptocurrency trading is very easy, you must be brave to try and have a very high sense of curiosity, because if you never try and do not have a high sense of curiosity then you will never be able to have knowledge.

GreatOrchid

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Quote from: Thanasis on March 03, 2019, 09:48:30 PM

Quote from: cydrix on March 03, 2019, 07:16:38 AM

Newbies should learn the basics from the very beginning, it is the foundation of knowledge and after you learned it you can adapt to any circumstances while having some minor issues you must stay calm and don't let your emotions carry you away from your goal instead of fearing it might burn you just leave it be and wait for it shine at a very bright time. After learning the basics you can make some experiments after and gain knowledge by trading for a change.

When you are doing something even without the basic knowledge about it,don't expect to make profits from it.

By the way OP is talking about cryptopia,so it already done right. Cheesy

Getting into trading isn't that difficult but gaining some profits out is more challenging. What i think is, newbies who enter the markets just considering the trend to make profits won't actually have profits with their knowledge but would depend on their luck. Investing into a correct coin is always tricky for me and each of the coins have their graphs which always shows us a good dip to get into. Newbies lack in patience and they always go for panic trading which never gives any profits out. The only suggestion to newbies who want to start trading would be to start with paper trading first and see how it goes so that you can invest your money into the coins if you feel you are reliable.

richcorner100

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Yes you should be have knowledge about trading because from the fluctuacion of crypto we can make good money. We can make money in crypto from uptrend or downtrend , if the price uptrend buy some potential coins and sell it after target profit achived and then shorting the price if the trend is bearish. Never hold any crypto without risk management.

Thanasis

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Quote from: cydrix on March 03, 2019, 07:16:38 AM

Newbies should learn the basics from the very beginning, it is the foundation of knowledge and after you learned it you can adapt to any circumstances while having some minor issues you must stay calm and don't let your emotions carry you away from your goal instead of fearing it might burn you just leave it be and wait for it shine at a very bright time. After learning the basics you can make some experiments after and gain knowledge by trading for a change.

When you are doing something even without the basic knowledge about it,don't expect to make profits from it.

By the way OP is talking about cryptopia,so it already done right. Cheesy

LUCKMCFLY

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Quote from: Best Dreams on March 03, 2019, 03:01:45 PM

Quote from: BigBos on February 28, 2019, 04:21:16 AM

Quote from: Buntel168 on February 21, 2019, 09:31:34 AM

Everyone in crypto is make trade and will be trader, if you newbie you can learn and find information how to trade. Invest, buy and sell all of that relates to trade.

well, if you really want to experience this, of course you have to start. however, if you have great doubts about this, it's better to avoid it. we know that trading has a considerable risk for a newbie, even a pro.

There is no risk to be a trader, as those who are earning huge profit for trading were new someday, so now with passage of time they learnt and got all skills I know may be they had some lose but look at them now, time heals everything also the lose, if you are trader, so don’t worry trading is for everyone but just little care and good knowledge is needed to become expert trader.

I recommend reading some books by famous speculators, Wyckoff, Livermore, they had a great vision of the market, in fact, they teach their techniques, before looking for an academy where they will only teach you technical analysis, you learn to understand the market, then you will have your own arguments to believe or not in what others advise.

Best Dreams

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Quote from: BigBos on February 28, 2019, 04:21:16 AM

Quote from: Buntel168 on February 21, 2019, 09:31:34 AM

Everyone in crypto is make trade and will be trader, if you newbie you can learn and find information how to trade. Invest, buy and sell all of that relates to trade.

well, if you really want to experience this, of course you have to start. however, if you have great doubts about this, it's better to avoid it. we know that trading has a considerable risk for a newbie, even a pro.

There is no risk to be a trader, as those who are earning huge profit for trading were new someday, so now with passage of time they learnt and got all skills I know may be they had some lose but look at them now, time heals everything also the lose, if you are trader, so don’t worry trading is for everyone but just little care and good knowledge is needed to become expert trader.

cydrix

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Newbies should learn the basics from the very beginning, it is the foundation of knowledge and after you learned it you can adapt to any circumstances while having some minor issues you must stay calm and don't let your emotions carry you away from your goal instead of fearing it might burn you just leave it be and wait for it shine at a very bright time. After learning the basics you can make some experiments after and gain knowledge by trading for a change.

CarnagexD

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Quote from: semobo on March 03, 2019, 06:00:06 AM

Quote from: ChrisPop on March 03, 2019, 05:10:53 AM

You can go ahead and trade with demo funds or paper trading. I don't recommend getting yourself into trading with live funds before you don't have at least a decent command of technical analysis. Then you need to have proper risk management and be able to manage your emotions. If you can master these 3 aspects you are bound to be a successful trader.

Better risk small amount than demo trading in my view because it reall can get into the sitation how to decide when trading,if they are doing demo trades they will never get tht much seriousness and if they are losing they will just let it be.

Losing is natural most especially when you are newbie, so questioning if newbie should trade of course they should trade. They can trade in small amount just to be familiarize with the market especially on the platform they want to trade in. They should gain experience even they have a huge chance of losing.

Topic: Newbie should trade or not? Please give me idea. - page 26. (Read 33481 times)