I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Etheruem is a good altcoin to invest for me, if you want to add more investment in etheruem, is not a bad move.
Topic: Novice trader analysis advice - page 2. (Read 355 times)
Analysing chat is just as simple as having your strategy and being able to study it and convince your self or get convinced that this is the direction of the next move. If you don't have a trading plan, then what will you analyze.... Your plan is the analysis.
Etheruem is a good altcoin to invest for me, if you want to add more investment in etheruem, is not a bad move.
Etheruem is a good altcoin to invest for me, if you want to add more investment in etheruem, is not a bad move.
Hi
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
I think you should not buy BTC as well as ETH. You are still new and technical analysis theories will distract you. I think you should invest in LTC. Another 3 months Litecoin Halving will take place and you will definitely see its price increase to $ 150 or even $ 200 if the MLM phenomenon reappears. I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
Hi
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
Use Tradingview.Get some good trading signals sources(google "trading signals").
Do you plan to learn day trading or you want to just buy and HODL some btc and eth?
If you really want to learn and practice crypto trading,then your second question is stupid.
Another golden advice is not to trade crypto at all lol. But if you want to get the understanding of what is happening right now then Babypips is definetely a good thing for you.
You should never start from trading on live account. Considering that you have already bought your coins then you should just HODL while you are learning everything on demo acc. That may take months.
Also you should remember that trading is risky and holding a cryptocurrency is also risky. By trading cryptocurrencies you are just multiplying your risks so if you are completely new to this then at least don't start trading right now and better move to more stable markets.
You should never start from trading on live account. Considering that you have already bought your coins then you should just HODL while you are learning everything on demo acc. That may take months.
Also you should remember that trading is risky and holding a cryptocurrency is also risky. By trading cryptocurrencies you are just multiplying your risks so if you are completely new to this then at least don't start trading right now and better move to more stable markets.
Golden advice, do not buy after crazy heights, may get corrected at any time.
There is no such thing as a better trading style for the beginner. There is always time to make profits when the price rises or even falls.
You have to know the factors that lead to it. It is not complicated. You need to spemd more time to learn.
Personally, I do not advise you to invest in ETH at the moment, perhaps after the next correction.
There is no such thing as a better trading style for the beginner. There is always time to make profits when the price rises or even falls.
You have to know the factors that lead to it. It is not complicated. You need to spemd more time to learn.
Personally, I do not advise you to invest in ETH at the moment, perhaps after the next correction.
Hi
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
Before you try it on a real trading site I suggest that you try out your trading skills in a simulator.I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
There are already great tips in this forum like this thread and try to read some tips on this thread too,
Just read some of the threads in this forum and you would find some useful tips to trade .
Learn from it first and apply or try it on trading simulator to see if the strategy works for you.
There are things that you have to consider upon trading.
It wouldn't be effective or you couldn't even trade perfectly by using technical analysis. Try to do trading the simple and basic way so you could learn first without too much complications.
As a beginner, investing in bitcoin or Ethereum is still a good choice. I have also started with these two because they're well stablished and has passed all the tests of time.
It wouldn't be effective or you couldn't even trade perfectly by using technical analysis. Try to do trading the simple and basic way so you could learn first without too much complications.
As a beginner, investing in bitcoin or Ethereum is still a good choice. I have also started with these two because they're well stablished and has passed all the tests of time.
First you have to know that trading is not the same thing like investing. Many newbies think that trading is something like investing. In short, trading is actively engaging in buying and selling, day after day, week after week. Investing is buying and holding for a longer time.
There are two schools> the first uses indicators, the second price action. Start with indicators because it is simpler than price action.
If you are gonna be a trader, you should treat all assets the same. It doesn't matter what you trade if you make money.
What would be the most appropriate type of analysis for a newbie?
There are two schools> the first uses indicators, the second price action. Start with indicators because it is simpler than price action.
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
If you are gonna be a trader, you should treat all assets the same. It doesn't matter what you trade if you make money.
As for me, it would be hard for a beginner to focus on technical analysis. Try to do trading the simple and basic way of trading first before you apply any kind of analysis. Trying to trade with analysis might just confuse you in the beginning. Either Bitcoin and Ethereum is good for both short and long term investment.
Hi
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
As a newbie/novice it will be hard for you to get to understand the analysis about in crypto trading mate.
But here is anyhow the link explaining about the flow movement of the bitcoin price in the market
https://www.youtube.com/watch?v=PwUWzF3oXcU I hope this will give you a bit help.
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
Here's a decent breakdown of basic TA strategies for beginners, applied to crypto: https://medium.com/@coinloop/the-4-steps-to-conquering-technical-analysis-beginners-guide-b4c90340a4b8
Babypips also has a pretty decent set of tutorials on how to approach TA. Just skip the stuff about forex and fundamentals: https://www.babypips.com/learn
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
Thanks in advance for you advice
My main priority when trading altcoins is to accumulate bitcoins, so I usually only hold them during confirmed altcoin bull markets where BTC pairs are consistently gaining. ETHBTC is showing initial signs of strength but it's too early to tell if it'll begin a bullish trend yet.
Hi
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
I have recently purchased £200 of bitcoin and want to understand how to read and analysis charts. What would be the most appropriate type of analysis for a newbie?
I am also looking to invest a further £50 in ethereum or should I stick to bitcoin ?
Thanks in advance for you advice
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