Topic: Primary things a beginner should know. (Read 183 times)
Considering that you are new in crypto, it would be best if you study and analyze the process in the market. Afterwards, you can try and explore the forum and see if you have some same questions that are once answered by other individuals. Get some tip from those who have been specially those who are winning. Learn about patience and perseverance after learning and finding the best coin of your choice and beware of scammers so that you would end up earning instead of loosing money from those frauds.
@Charles-Tim has said it all, but in actual sense newbie have others numerous things to be aware of in terms of forum which i might narrates as the following.
* Following the rules and regulations of the noble community,
* Observing the methodology of community before further communication,
* Reading and understanding post before commenting,
* Investigate very well before investing to any platforms,
* Acceptance of mistakes corrected by forum mate
* Not rush into conversations,
* How to make a proper quote.
* Following the rules and regulations of the noble community,
* Observing the methodology of community before further communication,
* Reading and understanding post before commenting,
* Investigate very well before investing to any platforms,
* Acceptance of mistakes corrected by forum mate
* Not rush into conversations,
* How to make a proper quote.
Gathering as much information and knowledge is very important, as the basis in the crypto world.
But later, practices may be more difficult than what we are thinking or in the theory.
It sometimes doesn't run as well as we are expecting. And probably you will face some difficulties and obstacles.
However, as long as you have done and understood most of what most members here told you, it may help you much.
Always remember that the crypto world is not as sweet as we see, not as easy as we expect. This is also full of risks and you must still be careful and watch out about the risks.
Never follow any hype of FOMO because it will always drive you down.
Good luck here.
thank you sir I appreciate But later, practices may be more difficult than what we are thinking or in the theory.
It sometimes doesn't run as well as we are expecting. And probably you will face some difficulties and obstacles.
However, as long as you have done and understood most of what most members here told you, it may help you much.
Always remember that the crypto world is not as sweet as we see, not as easy as we expect. This is also full of risks and you must still be careful and watch out about the risks.
Never follow any hype of FOMO because it will always drive you down.
Good luck here.
Gathering as much information and knowledge is very important, as the basis in the crypto world.
But later, practices may be more difficult than what we are thinking or in the theory.
It sometimes doesn't run as well as we are expecting. And probably you will face some difficulties and obstacles.
However, as long as you have done and understood most of what most members here told you, it may help you much.
Always remember that the crypto world is not as sweet as we see, not as easy as we expect. This is also full of risks and you must still be careful and watch out about the risks.
Never follow any hype of FOMO because it will always drive you down.
Good luck here.
But later, practices may be more difficult than what we are thinking or in the theory.
It sometimes doesn't run as well as we are expecting. And probably you will face some difficulties and obstacles.
However, as long as you have done and understood most of what most members here told you, it may help you much.
Always remember that the crypto world is not as sweet as we see, not as easy as we expect. This is also full of risks and you must still be careful and watch out about the risks.
Never follow any hype of FOMO because it will always drive you down.
Good luck here.
What are the steps a beginner should note while trading bitcoin in orther not to run lost?
The main thing is that you cannot avoid loss at every point of your trading circle and you have to suffer losses but you need to manage them very efficiently to turn them in profits.Key skills for becoming an effective trader are :1) Experience: which will come with time,mistakes and losses of your past trades
2) Knowledge of Market: Keep yourself updated with the latest news in the market that could affect your investments like companies or government decisions or say coin development like hard or soft fork and others.
3)Do Research and Analysis: It is most important in any trade that you make deep analysis of the cryptocurrencies you want to trade in and then only invest in them.
4) Keep learning and be steady and don't ever panic sell in the market by not mixing emotions with trading which will help you in your tough times.
Here are some of links of topics that might help you with some tips:
https://bitcointalksearch.org/topic/m.29236037
https://bitcointalksearch.org/topic/cryptocurrency-trading-for-beginners-3140089
https://bitcointalksearch.org/topic/tips-for-good-trading-5249066
Be sure of your decision in this crypto market and they should not be influenced by some other person if you are really are looking for profits.
~
Sources for more research for?General trading knowledge? You got Youtube that'll explain. I started learning there when I was day trading before but now I quit for personal reasons, not crypto-related reasons.
Researching about specific coin/projects? You got CoinGecko, CoinMarketCap, etc.
What are the steps a beginner should note while trading bitcoin in orther not to run lost?
The main thing is that you cannot avoid loss at every point of your trading circle and you have to suffer losses but you need to manage them very efficiently to turn them in profits.Key skills for becoming an effective trader are :1) Experience: which will come with time,mistakes and losses of your past trades
2) Knowledge of Market: Keep yourself updated with the latest news in the market that could affect your investments like companies or government decisions or say coin development like hard or soft fork and others.
3)Do Research and Analysis: It is most important in any trade that you make deep analysis of the cryptocurrencies you want to trade in and then only invest in them.
4) Keep learning and be steady and don't ever panic sell in the market by not mixing emotions with trading which will help you in your tough times.
Here are some of links of topics that might help you with some tips:
https://bitcointalksearch.org/topic/m.29236037
https://bitcointalksearch.org/topic/cryptocurrency-trading-for-beginners-3140089
https://bitcointalksearch.org/topic/tips-for-good-trading-5249066
Be sure of your decision in this crypto market and they should not be influenced by some other person if you are really are looking for profits.
Actually, there are basically certain things a person needs to become a good cryptocurrency trader, but just like our seniors in this forum have all said that in trading, you can lose huge fund likewise gain huge profit, which is as a result to be able to enter trade at the very right time, and your ability of been patient and having a trading target, and not been greedy..
What are the steps a beginner should note while trading bitcoin in orther not to run lost?
Trading isn't an easy way of making money, there are consequences that might you might lose or gain if you're lucky enough.So, here's my advice.
- Have proper research for each new projects come
- Do you own research and don't rely upon other's opinion
- Study those technical and fundamental analyses, they are very useful in trading
- Study all possible trading strategies that you might be used
It takes years for me before I jumped into trading, it might be safe if you will focus on a long-term investment than trading, but it's your call. Your money, your own risk.
What are the steps a beginner should note while trading bitcoin in orther not to run lost?
Trading isn't an easy way of making money, there are consequences that might you might lose or gain if you're lucky enough.So, here's my advice.
- Have proper research for each new projects come
- Do you own research and don't rely upon other's opinion
- Study those technical and fundamental analyses, they are very useful in trading
- Study all possible trading strategies that you might be used
It takes years for me before I jumped into trading, it might be safe if you will focus on a long-term investment than trading, but it's your call. Your money, your own risk.
Anyone new to trading should know the following:
1. Trading is very risky, it can turn a millionaire to a poor person, and it can turn a poor person to a million
2. Most people lose than gain
3. Learn how to control emotions, some people will think they have controlled trading emotion but fall for the same emotional mistakes continuously
4. Professional traders are patient
5. Professional traders are not greedy
6. Traders always learn more how to trade
7. Traders do not calculate what to gain over certain period, they only strategize how to gain
8. Traders are disciplined
9. They have risk management strategies
10. They buy during fall after making use of indicators
thank you i really appreciate. Wish you could see through this quote how honored I am 1. Trading is very risky, it can turn a millionaire to a poor person, and it can turn a poor person to a million
2. Most people lose than gain
3. Learn how to control emotions, some people will think they have controlled trading emotion but fall for the same emotional mistakes continuously
4. Professional traders are patient
5. Professional traders are not greedy
6. Traders always learn more how to trade
7. Traders do not calculate what to gain over certain period, they only strategize how to gain
8. Traders are disciplined
9. They have risk management strategies
10. They buy during fall after making use of indicators
What are the steps a beginner should note while trading bitcoin in orther not to run lost?
Trading isn't an easy way of making money, there are consequences that might you might lose or gain if you're lucky enough.So, here's my advice.
- Have proper research for each new projects come
- Do you own research and don't rely upon other's opinion
- Study those technical and fundamental analyses, they are very useful in trading
- Study all possible trading strategies that you might be used
It takes years for me before I jumped into trading, it might be safe if you will focus on a long-term investment than trading, but it's your call. Your money, your own risk.
Anyone new to trading should know the following:
1. Trading is very risky, it can turn a millionaire to a poor person, and it can turn a poor person to a million
2. Most people lose than gain
3. Learn how to control emotions, some people will think they have controlled trading emotion but fall for the same emotional mistakes continuously
4. Professional traders are patient
5. Professional traders are not greedy
6. Traders always learn more how to trade
7. Traders do not calculate what to gain over certain period, they only strategize how to gain
8. Traders are disciplined
9. They have risk management strategies
10. They buy during fall after making use of indicators
11. They sell after coin price has risen, but they don't just sell, they strategize
12. New traders lose more than expected, but experiences teach them how to avoid past mistakes (very low amount to start trading because new traders will certainly lose, should even be far lower than what they can afford)
13. New traders should use money they can afford to lose.
1. Trading is very risky, it can turn a millionaire to a poor person, and it can turn a poor person to a million
2. Most people lose than gain
3. Learn how to control emotions, some people will think they have controlled trading emotion but fall for the same emotional mistakes continuously
4. Professional traders are patient
5. Professional traders are not greedy
6. Traders always learn more how to trade
7. Traders do not calculate what to gain over certain period, they only strategize how to gain
8. Traders are disciplined
9. They have risk management strategies
10. They buy during fall after making use of indicators
11. They sell after coin price has risen, but they don't just sell, they strategize
12. New traders lose more than expected, but experiences teach them how to avoid past mistakes (very low amount to start trading because new traders will certainly lose, should even be far lower than what they can afford)
13. New traders should use money they can afford to lose.
There are many guidelines on the internet but sometimes conversation is the best way to learn. I recently dedicated myself to understand more about crypto and after my study I understood the reality in it. I desire to be a good trader. What are the steps a beginner should note while trading bitcoin in orther not to run lost?
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