There are some experiences that I think people should learn before becoming a trader.
Do not invest based on anyone's advice, if you want to invest in a currency, do your own research on that currency.
Do not invest beyond what you are willing to lose, remember that the cryptocurrency market is profitable but also risky.
Control your emotions before making investment decisions, if you can't control your emotions, it's best not to make any investment decisions.
Topic: Simple trading advise for newbe that should follow - page 3. (Read 343 times)
Quite few simple trading advise for newbe trader
The only advice to those who are new to the trade,
As We Never swim in a river without learning swimming, you should learn to trade first, be it small amount or big amount.
And blindly, that means if you do not understand that the coin is going to bend either up or down it will not make any entry until it is extinguished.
Many of us do not have a lot of misconceptions or incorrect calculation entries that cause us not to hit the target.
Do not buy-sell unless you have received a confirmation.
Looks like this coin is up then let's buy
Do not trade with such decisions on your mind
Heat will reverse No
What the chart says
The market is at no position
Where the trend is going
Keep an eye on these and take the entry when the confirmation comes.
Then the profit will be suture.
Thanks
Learning and developing strong strategies is the first thing to actually do as a trader. Since no man or software can predict the market accurately it is better newbies to trade should know that you must make loses. If you have no provision for loses then I will advise you to never venture into trading. The only advice to those who are new to the trade,
As We Never swim in a river without learning swimming, you should learn to trade first, be it small amount or big amount.
And blindly, that means if you do not understand that the coin is going to bend either up or down it will not make any entry until it is extinguished.
Many of us do not have a lot of misconceptions or incorrect calculation entries that cause us not to hit the target.
Do not buy-sell unless you have received a confirmation.
Looks like this coin is up then let's buy
Do not trade with such decisions on your mind
Heat will reverse No
What the chart says
The market is at no position
Where the trend is going
Keep an eye on these and take the entry when the confirmation comes.
Then the profit will be suture.
Thanks
Well, you have a point there and this is basic for newbies that should know when it regards trading.
It is very well said but let me add as to what of my opinion, --newcomers need to learn a few think before they will start to trade.
1] how to analyze the chart?
2] he needs to learn how to put stop-loss and how it works?
3] watch how experts do a trade?
4] chose which market he is going to trade.
5] do demo trade and start a small amount when he starts a new trade. Also, it will need to be patient when he is doing trade.
Indeed, that was my honest opinion.
It is very well said but let me add as to what of my opinion, --newcomers need to learn a few think before they will start to trade.
1] how to analyze the chart?
2] he needs to learn how to put stop-loss and how it works?
3] watch how experts do a trade?
4] chose which market he is going to trade.
5] do demo trade and start a small amount when he starts a new trade. Also, it will need to be patient when he is doing trade.
Indeed, that was my honest opinion.
Also dont buy the FOMO most newbie's buy or sell when the price moves either to the upside and downside. If you have a target and indicator that it will go to that price be patient and dont panic when the market moves. I always get victimized by this, cause i supposed i was not really that experienced.
I think patience is the key to success in trade no matter what market you trade from my experience I saw including myself losing money because they lack patience.
Another day another newbie trader advice we do have here. 
Everything should really be learnt but that wont happen overnight which means the more you trade the more experience you would gain.
Lets say you are fully aware that you shouldnt enter on the market randomly but when you are totally noob and the time you are on the middle
of the trade, pretty sure that you dont even know on what you gonna do.
Learn everything and mistakes are inevitable but these are stepping stones for you to be a better trader.
Everything should really be learnt but that wont happen overnight which means the more you trade the more experience you would gain.
Lets say you are fully aware that you shouldnt enter on the market randomly but when you are totally noob and the time you are on the middle
of the trade, pretty sure that you dont even know on what you gonna do.
Learn everything and mistakes are inevitable but these are stepping stones for you to be a better trader.
I have the feeling that most "trading advice for newbies" kind of forum threads are posted by newbies.
I also think that most newbies won't learn anything by reading such guides.They will learn only by making actual mistakes while trading,hence writing such type of posts is kinda pointless.The only point is the author to boost his post count,I guess.There is so much more info online about crypto trading,that is way better presented in a way,which is easier for the newbies to understand.This thread looks vague and difficult to comprehend.
Also dont buy the FOMO most newbie's buy or sell when the price moves either to the upside and downside. If you have a target and indicator that it will go to that price be patient and dont panic when the market moves. I always get victimized by this, cause i supposed i was not really that experienced.
The best way to trade easily is to first have enough knowledge about the trade Without knowing you will lose the money you invest Adequate capital is required before trading. You have rightly said that if you are wrong in making small trades before the newcomers you can go ahead with education from there You can also look at various sites or practice trading charts as well.
Big or small? I guess the right way is just to trade a small amount while you are just starting, that will minimize the risk as most of the time, newbie loss their money, and they will have to learn over time.
Increase the amount you can risk when you think you already figure out how to be profitable.
Follow this simple steps and a trader will be safe, slowly but surely, that should be the approach here.
Increase the amount you can risk when you think you already figure out how to be profitable.
Follow this simple steps and a trader will be safe, slowly but surely, that should be the approach here.
Don't trade if you don't know anything about buying and selling and how to make a profit. If you don't have time to learn about trading, then you should stay away from trading because you will feel trading is a fast way to lose your money in a second. But if you understand the consequences of losing the money and you can accept it, then you should learn trading from many sources. Learning trading itself will not easy because you need to learn the basic of trading, learning how to analyze the chart, the price moves, history, and so many things. The important thing after you learn about trading is a practice which you can start to buy at one level price, wait for a while, and then sell if the price is higher than the price you purchased. That means you are making a profit.
Never chase a bigger profit if you cannot do because that can make you greedy. It is enough to make a small profit, and it is better if you can get that profit many times. There are many useful lessons which you can learn from here so that can give you additional information about trading.
Never chase a bigger profit if you cannot do because that can make you greedy. It is enough to make a small profit, and it is better if you can get that profit many times. There are many useful lessons which you can learn from here so that can give you additional information about trading.
First of all you don't have to do trading if you never know what are the strategies involved with it, atleast they have to learn common trading techniques before get into the crypto trading.And then what kind of trading will suit for a newbie is also important.If you are literally new then you have to pick mid to long term trading.
Anyway these advises are told here for million times already.
Anyway these advises are told here for million times already.
Another day another newbie trader advice we do have here.
Everything should really be learnt but that wont happen overnight which means the more you trade the more experience you would gain.
Lets say you are fully aware that you shouldnt enter on the market randomly but when you are totally noob and the time you are on the middle
of the trade, pretty sure that you dont even know on what you gonna do.
Learn everything and mistakes are inevitable but these are stepping stones for you to be a better trader.
Everything should really be learnt but that wont happen overnight which means the more you trade the more experience you would gain.
Lets say you are fully aware that you shouldnt enter on the market randomly but when you are totally noob and the time you are on the middle
of the trade, pretty sure that you dont even know on what you gonna do.
Learn everything and mistakes are inevitable but these are stepping stones for you to be a better trader.
Something else I would advise for newer traders is to start off trading smaller amounts of cryptocurrencies at first because you'll certainly face difficulties and mistakes at first. As stomachgrowls noted already, you'll learn things over time and you'll also learn with more specific reading on techniques and indicators and even risk management.
Most people statistically do not become successful traders, and trading definitely isn't for everyone. That doesn't mean you shouldn't take a shot if you're interested, though.
Another day another newbie trader advice we do have here.
Everything should really be learnt but that wont happen overnight which means the more you trade the more experience you would gain.
Lets say you are fully aware that you shouldnt enter on the market randomly but when you are totally noob and the time you are on the middle
of the trade, pretty sure that you dont even know on what you gonna do.
Learn everything and mistakes are inevitable but these are stepping stones for you to be a better trader.
Everything should really be learnt but that wont happen overnight which means the more you trade the more experience you would gain.
Lets say you are fully aware that you shouldnt enter on the market randomly but when you are totally noob and the time you are on the middle
of the trade, pretty sure that you dont even know on what you gonna do.
Learn everything and mistakes are inevitable but these are stepping stones for you to be a better trader.
It is not good to be greedy and impatient. Trading is step by step and must be done carefully. Thinking about daily gain can make trader to lose, day trading is not day profit. If you try day trading and not working out, then, change to swing trading. These are the few ones to add.
Quite few simple trading advise for newbe trader
The only advice to those who are new to the trade,
As We Never swim in a river without learning swimming, you should learn to trade first, be it small amount or big amount.
And blindly, that means if you do not understand that the coin is going to bend either up or down it will not make any entry until it is extinguished.
Many of us do not have a lot of misconceptions or incorrect calculation entries that cause us not to hit the target.
Do not buy-sell unless you have received a confirmation.
Looks like this coin is up then let's buy
Do not trade with such decisions on your mind
Heat will reverse No
What the chart says
The market is at no position
Where the trend is going
Keep an eye on these and take the entry when the confirmation comes.
Then the profit will be suture.
Thanks
The only advice to those who are new to the trade,
As We Never swim in a river without learning swimming, you should learn to trade first, be it small amount or big amount.
And blindly, that means if you do not understand that the coin is going to bend either up or down it will not make any entry until it is extinguished.
Many of us do not have a lot of misconceptions or incorrect calculation entries that cause us not to hit the target.
Do not buy-sell unless you have received a confirmation.
Looks like this coin is up then let's buy
Do not trade with such decisions on your mind
Heat will reverse No
What the chart says
The market is at no position
Where the trend is going
Keep an eye on these and take the entry when the confirmation comes.
Then the profit will be suture.
Thanks
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