Topic: Newbie trader - page 9. (Read 2505 times)
for a newbie trader like you should learn in some online media like youtube and others you have to try hard to read and try new things don't be afraid when you experience losses because experience is the key to success.
As a new be, you must realize that you will have to learn patience by the loss and profit you will miss or gain. The most important trading attribute is your ability to be patience and hold your position even more if it means losing!
Tip that I will give to you is this, try to trade via instinct of yours. It will give you the edge of not losing the trade of yours. I became a product of a trading signal that lost money. So be careful.
Trading signal is quiet not good for newbies, its really risky. You can actually trade with a small amount of money so you will experience how this market works in real time. I started my journey in trading by just reading trading books, it helps a lot so better to start learning with books or any way that you think is more convenient to you. what needed to start trading guys , and can you please give some trick tips , advice
You should note the time frame should or should not trade.
Depending on the coin or floor you can trade at different times.
Some coin from which country or country to trade most will fluctuate in that time frame (eg Doge and Nem will initially fluctuate in the Tokyo frame).
London and New York time frames are the largest, so trading in those 2 frames will be the most volatile, especially the New York frame.
Some floors in any country fluctuate in that time frame: As Poloniex and Kraken of the United States will fluctuate in the New York frame.
Tip that I will give to you is this, try to trade via instinct of yours. It will give you the edge of not losing the trade of yours. I became a product of a trading signal that lost money. So be careful.
I will not follow instinct if I am a newbie, you know the instincts of the newbie who do not have any knowledge and skills will only be the same as gambling, because you only depend on luck, and instinct is the last way when you have no other options, try to keep learning what needed to start trading guys , and can you please give some trick tips , advice
What we need to start in trading is knowledge. Because we don't yet have any experience about the scenario in trading, our reaction might be pliant. If we know about technicalities in trading, we can easily adapt the market situation. I believe that we don't need to be perfect but we have to learn about basics. what needed to start trading guys , and can you please give some trick tips , advice
What is needed to start trading? More than what you are going to get in the short answers we can give to you, you need to read several books about the subject and watch videos as well, trading is one of the most difficult activities in this market and it seems you are not approaching this as seriously as you should, if you do not then you will lose your money and then you are going to regret not studying as hard as you should. what needed to start trading guys , and can you please give some trick tips , advice
With a market that is in a bear market now, I believe that at this point you should only invest in short-term in bitcoin to reduce risk. You plan and trade the day, the market is constantly fluctuating and the bitcoin price can drop sharply at any time so you always have to observe the bitcoin price when trading. 
Tip that I will give to you is this, try to trade via instinct of yours. It will give you the edge of not losing the trade of yours. I became a product of a trading signal that lost money. So be careful.
In order to start trading in crypto currency, you need to buy Bitcoin, then transfer it to the exchange and start trading using technical analysis. My advice: study the basic patterns of technical analysis.
what needed to start trading guys , and can you please give some trick tips , advice
I think that if you are new to trading, I believe this is a very good time for you to start trading. At the moment I believe you should only invest in short-term and day trading so that you can minimize the risk and make a profit in a safe manner. You can see that the market is volatile and difficult to predict, so always plan to minimize risk.
Do not try to catch the bottom while the market has moved to Downtrend. If you are lucky you catch the bottom once, then you will think you are good, I have a lot of experience but not really! Do not try to determine Altcoins resistance and support because it is also extremely wrong. You can only define the threshold when you are a shark and have 1 e-kip your own. Crowding the crowd and following trade groups is always the biggest mistake. Choose your path and stay away from the crowd.
what needed to start trading guys , and can you please give some trick tips , advice
Start by using tradingview. And when you beginning your journey with trading don't use high leverage and don't just be a FOMO guy - panic sell or panic buy.
, my message maybe just better to late than loss everything if in crypto. there are not good if late to buy or sell something then FOMO come to our life. this is a big problem for a trader, and must be trained not to be greedy.
because trading is an art that combines all elements including your emotions. Your emotions will determine how you survive in the face of an uncertain market situation.
what needed to start trading guys , and can you please give some trick tips , advice
Elliott wave analysis
Elliott wave theory is a type of technical analysis that crypto traders use to analyze market cycles and forecast upward or downward trend by determining investor sentiment, peaks, troughs and other factors.
Traders believe that the market is affected by collective investor sentiment or crowd mentality, and it moves between optimism and pessimism in a natural sequence.
It seems to be a good discipline for crypto traders because at the moment they are being driven by investor sentiment and there are no fundamentals that really support the bullish addition to buy. due to limited supply.
It takes years to understand Elliott wave analysis, but some traders believe that it is only necessary to have the basic knowledge that Elliott waves can be applied to markets such as Bitcoin.
what needed to start trading guys , and can you please give some trick tips , advice
Start by using tradingview. And when you beginning your journey with trading don't use high leverage and don't just be a FOMO guy - panic sell or panic buy., my message maybe just better to late than loss everything if in crypto. there are not good if late to buy or sell something then FOMO come to our life. what needed to start trading guys , and can you please give some trick tips , advice
You need to learn how to analyze beforehand.
To provide a precise indication of the increase or decrease of a coin you must combine basic analysis, technical analysis, and information evaluation.
- Fundamental analysis is that you have to understand coin as the coin is made for use in what field, future trends are widely applied.
- Technical analysis means the use of price and capitalization data of coin, searching for patterns and indices that can be used to predict the upward or downward trend of copper in the future.
For me i think you need first read some forum here that giving an idea on how tradings work and what is trading all about you can also watch some videos in youtube that teaching and giving some technique or strategy on how they trade at their own
what needed to start trading guys , and can you please give some trick tips , advice
if you got some cash try buying eth , if you don't have any try earning eths in services , if you got nothing just a bitcoin account and internet try doing some bounties ,you can earn lots of coins in bounty programs.
first you have to allocate a trading Deposit. this is based on your personal free funds. then I propose to study the basic terms on the exchange, the main ones are volume, candles, patterns. Then I suggest to start trading on your dedicated Deposit, dividing it into several parts, so you can start to earn, without losing too much in a failed trade. I recommend trading to $ for the first time, so you can better track your results
If you're newbie in trading you must have a knowledge before you start to trade because if you start trading without knowledge and experience your money will gone. I suggest you to watch videos on youtube how to start trading and what's the basic of trading so you can have knowledge what's trading.
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