Topic: See 10 Best Tips to Make the Most Money In Bitcoin Trading (Read 318 times)

after reaching $20,000 in a few months, many TV channels, newspapers and banks started talking about bitcoin.


no offense. but most advices make people lose money instead of making money.


this is the main thing the person should have in his head as soon as he is going to trade


 

I think you mean: keep eye on Dev news...

in the case of altcoins is very important to accompany the altcoin ANN Thread, twitter and Reddit.

You know what happens when a newbie come across such information? They read it and it actually helps them figure out what needs to be done to make it happen. But, there are those newbies who just want to make quick money and for that, they simply skip such tips and wants to gain experience by getting their hands on practical things so some of them fail in the start but later on make it big as well.

I guess we must thank for OP for taking time to bring up such useful tips. In the past also I have seen many people were sharing some tips but this time I guess this one must have been composed from real experience and not just due to have a well written purposes.

All these tips hardly help. Everyone has to make mistakes for themselves, that's the only way to learn

That's right. I think that it is enough to follow only some of the rules from your list and it will provide you with a successful trade. The most important thing is to choose your strategy and tactics and then everything will be fine.

The tips you provided are also applicable to both newbie and veteran investors as they embrace the essentials/fundamentals of trading. In addition to your list, you should add that traders MUST focus on one coin to minimize the risks associated with. Having multiple coins to focus may hamper your decision making skills as your attention is divided among all your other coins.


The only way to understand trading is by experiencing it first hand. The tips cannot be applied instantly without getting to feel the environment of trading. It is like teaching someone to drive by letting him read books instead of driving an actual car.

Being a trader is not easy you need to be carefull because the whales always there to grab you, but all things can be done if you learn a good method your losses can turn to wins step by step OP gives a strategy for those people who want to make money in trading.
I came from margin trading my capital lost because of my mistake which is I'm not doing anymore to my next trading.

I believed the OP was giving the newbies tips and what they need to do to be a profitable crypto traders. But you're wrong when you said ones can't minimize losses in crypto trading because thats the strategy which most of the arbitrage traders usually used. However, crypto trading is not for every body though.

 Margin trades, where you do trades with 10X or 200X of your coins are not recommendable, most traders will lose everything this way, and if your a newbie in trading you almost guaranteed to lose on it, especially in crypto.
But you can be lucky and buy on the correct time, and just follow the trendline up.
Buying coins a few weeks before the coin has an annual conference, can also sometimes be a great investment.

I agree with that, if you are a beginner in his community you can't ever think of that way. I think it is better if we can consider these things: Familiarize,in terms of taking research about how does Bitcoin Trading begin, end, fluctuate and depreciate. Emotionally Ready in terms of being ready about how may your current assets may decrease or grow,since you have already an idea regarding Bitcoin you can able to determine which one is to pursue or not. Lastly Be Guided, we cannot grow on our own, we should have trusted mentor for the first months of your exploration in Bitcoin Trading, it is very complicated once that you have enter your money and you took the wrong process I think it's too hard for you to take back your money, considering someone who will guide you is a must. Trading is directly tge same with online gambling, it is a win-win situation, in terms of trading you can't expect a stable price, so you can encounter losses unexpectedly, that is why you have to take your own strategy. Some people tend to do multiple bets, some people are looking for charts, like how does the price in last 24 hours, in online gambling you control your money but you have to pursue your luck,and  that's what I usually do whenever I play into an online casino which is Vegas casino playing variety of games that I love with proper moderation as well as enjoying their great deal of welcoming reward just for doing my deposit into it.

I don't know if this is for newbie or more those who have experienced some in trading already.

I guess if you are a newbie in trading, you need need to get things complicated on your end. You can't minimized loses, the good thing though, is that if you have suffered or experienced losses early in your trading journey, chances are you learn from your mistakes and make you a better trader.

Not a good tip for a novice trader. i would prefer to first experience the ordinary type of trading before getting into margin trading

No, thank you. I think manual trading is better. Here you manage to have control of your emotions and also act on your instincts.
Automating things makes one lazy too.
So how about those who don't know how to code? Do they have to splash money on every bot they come a cross?

Yes absolutely some of the points are very comfortable to me because I also doing something will be e giving the more profit for me to live better and everyone should definitely need to use this things to be a better money making investment and it will definitely give your hands at the end.

Lol, but it’s clear and simple enough. I am sure you are just among people that doesn’t like reading long articulate and would like people to get straight to the point, anyway, I think his article is simple enough for any serious minded trader, whatever simpler way they need, they out to have learnt it through demo and that is why demo is for newbies while real trading should be for professional traders and not an avenue to come and learn new things in trading, one should not risk his future or fund with live trading without being perfect already.

Even with just common sense you would able to understand on whats being talked about. Those advices are just pretty common but applying it on actual situation
wont really be that easy.Trading isnt that easy to master or can be done overnight.It would takes years for you to established your own profitable trading system and it depends on
 a certain trader on how he do handle things up.

very difficult to implement, but useful, I think you understand very well about how to trade well and get great benefits

I do not agree with this option if you fear from the loss, do not invest.
Sales based on the numbers "stop loss" will increase the chance of losing.

There is a difference between reading news and analyzing news. You should analyze the news in terms of its credibility, its impact on BTC, its impact on Altcoins, the responses of others on it.

Do not let the low fees tempt you, take care of security first, legal status and then you can choose between platforms.

Yes, I take that of emotion in your list. Emotion in trade is one aspect of bad trading and that can throw someone into huge loss before you can realize it. But do you really blame someone when your money is there and crashing down  Anyway, we have to learn how to put emotion outside to be a profiting trader.

Some of the tips stated above does not make any sense to me. I'm not new in trading but I just can't understand some of them. Maybe, I'm not searching that hard for me to know these kind of stuff. But, I will try to search about all of this as a refresheer and additional knowledge.

Tips are very important especially for beginner traders because it gets them aware of what they should be prepared before starting trading. Of course those tips are not going to help someone become a professional trader in a short time because it takes experience to achieve that but it will surely shorten the time he needs to learn everything and achieve his goals

we cannot follow all the things to make money but if something was worked for someone will definitely get successful with his investment and making the money and it depends on the investors mind set and the situation and go with the correct decision will always helpful to make your own way properly and it will be definitely successful.

Keep time spans so you can trade on a weekly manner or daily, monthly etc.
When your settled with your strategies you can think about a trade bot on [semi] auto pilot.

Many people would think that brokers don't matter in trade. I'm very happy when I saw it on this list.

Some brokers have high spread when you are making order. Thus, if your trading style does not start making profit for you as you enter the market immediately, it is better to look for a broker with little spread.

"Use programmatic strategies -"

The above is like saying give what you don't have. And I say, if you don't have it, you can't give it.

I would rather think that trying to have a working plan or strategy is what to be done.

How can one make use of something they don't have  

Nice advice for crypto traders although there is one thing I think that this kind of tips are for those traders that are already in cryptocurrency for a long time. Since the terms and those things you said in the OP are complicated for a beginner's mind. Anyway thanks for the tip.

Those are all summarized tips which mean there are still many aspect to learn in each tip. That's the hardest thing to understand especially for beginners. Lets take the first tip for the example "reduce your losses" by using stop loss. Beginners might not understand how to use stop loss and how to deal with it. So it would be better to give more detail explanation of each tip if you can do it.

Useful advice, thank you very much. But in my opinion one to succeed in trading is to be patient, do not be careless and remain optimistic with conscience, not hear what other people say.

I think your tips will be too complicated for every new trader or new people who want to make money in bitcoin trading. Maybe you need to simplify the tips and made people understand so they can learn from many sources. But that is a good tip for every people, and you can add more tips here if you have another suggestion.
Maybe the best tips only use the money you can afford, don't be too greedy, always controlling your emotion in trading.

Hi everybody. Nowadays, Bitcoin is very famous and a familiar term and all bitcoin lovers want good advice to earn more money through cryptocurrency (Bitcoin) trading. And today, I'll give you 10 great tips for making more money with Bitcoin trading.

Since the beginning of 2017, cryptocurrency trading is one of the most discussed cases in financial hemisphere.

Crypto-currency trading, such as Bitcoin, can potentially generate returns in a portfolio, potentially negatively impacting trades in the potentially obsolete stock markets.

We need to approach trade with hesitation, as well as all the financial processes that take place on the market because it is undeniable that trade is an opportunity and that it is doing well and can mean an almost infinite wealth, the potential of the opposite is also important.

This means that if it is possible to exchange cryptocurrency and get rich, it is also possible that while trading, you lose substantial amounts of your wallet. Cryptocurrency trading should be taken very seriously if you invest a lot of money in your process.

Here are the top 10 tips for making the most money in Bitcoin trading.

Reduce your losses - use stop loss and make sure you have exit strategies on a position.

Use margin (responsibly):Many stock exchanges, including most of the stock exchanges listed in this guide, allow margin trading, which allows you to trade bitcoins with more money than you actually have. This means you can make money faster, but it also means you can lose money faster. Use this margin responsibly.

Use programmatic strategies - if you learn to code, you can open a whole new bitcoin exchange field. With some algorithms that negotiate over finite parameters, are here is a plethora of different opportunities for analysis and execution that are possible when it comes to programmatic trade.

Learn different methods - by deepening your knowledge of business strategies, utilities and methods, you will only help you get the most out of your Bitcoin trading.

Practice using demo accounts - almost all stock exchanges, especially those that support CFD trading, implement "demo" accounts, which allocate imaginary money to your trading portal with which you can play . In this way, you can put your strategies into practice with fake money before perfecting it and replacing it with real money.

Size your positions accordingly - make sure that every time you trade, you put the right amount of money into a transaction, but you also keep an eye on the specific sizing methods.

Stay up-to-date on updates and technological developments - Bitcoin and cryptocurrency trading uses tools and different types of technologies that are constantly evolving. Try to stay abreast of new tools, updates, and published frameworks.

Read the company's news - prices and volumes of cryptocurrency exchanges can be heavily dependent on news and company news. If Ripple publishes an announcement that the XRP will be used as the main currency in Santander, the prices will definitely be on the rise. Staying up to date on this news is important for the trade.

Do not bargain emotionally - One of the biggest mistakes a trader can make is to immediately exchange emotions or feelings. This can lead to significant losses and irrational movements; the best traders negotiate strictly without emotion.

Find the best brokers for you - Each person has their own trading style and individual methods. Find the best-created brokers for yourself.

So, in the end, I hope these 10 incredible tips will be useful to all those who are now involved in Bitcoin trading. And let me know that these tips are useful for you or not.