Topic: Tips for newbies to trading - page 4. (Read 521 times)

I would like to add one more point.

Don't try too many things:

                   Newbies have to stick with the trading method which suits them better,I suggest them to be a long term trader initially or at least mid term this will help them to get familiar with the condition of crypto trading market.If they try too many things in the initial stage or go with intra day trading then chances of losing their capital is high.

That's why I included newbies in the topic, to show it's for those who are just (about) getting into trading. Trading us a broad topic and I only highlighted simple steps a newbie should take. Losses are bound to come in trading, but I do not see how following basics could expose you to losses.

Tips are easy to say but difficult to implement, everyone can say but to explain to the user how to implement it is difficult.
I don't think people want to know that reading, training, patience, discovering skills are important, but where do they read, how to invest, what happens if the price drops, the best platforms for trading and more. In short how to implement these tips and make them really can make a profit.

These are not tips but the basics before you start trading. Following them may expose you to losses.

Yeah reading those tips are easy but when we enter the market those tips seems not work because market showed us different condition each time, all we need is experience and it's okay for newbie traders to lost because they will learn from experience

You should add few warnings.Don’t follow any signal from people or signal group.Don't jump when coin/token hyip. Follow the news,try to understand chart.Finally Invest those money that you can afford to lose.
Maybe these warnings will be helpful for new traders.       

As long as they are newbies starting small is much better as they can test their understanding in the market through it without risking too much. Or if they really in short budget then using simulators will help them. Applying money without knowledge sometimes leads only to lose so better invest in learning first.

Yes, this is suitable for beginners with small capital because the risk is minimal if the funds are small, where beginners can learn how to trade without the fear of losing your capital if you use small funds.

Unfortunately, I can't recommend any mentors to you. All the legitimate groups I know are close knit and it's difficult getting random new people in.
Search around: use tools like, YouTube, Quora, Steemit etc, filter all the information and you'll eventually find the one that will suit you.
Note: all information you get from others are just suggestions and you should always do your own research, you bear the consequences of your actions.

That was already included in the OP

Yes, I often hear a lot about these tips. I have been doing my training too but sometimes I get stuck and I can't feel the market. I think that I and other newbies need mentors and can you recommend us? I highly appreciate being involved in a group that specializes in training newbies.

The points you give here are very clear and I think this can be understood by the novice traders here.
Winning requires skills to be a reliable trader and must be careful, patient, don't panic, that's the main key in my opinion.
I am sure every novice trader will feel the complexity in the first trader.

Add the ability to know when to stop, or make a limit when trading, PLUS trade only what you can trade. There are quite a few important things to note in trading but these too are important so that you wouldn't lose much when you're actually losing in a trade. Plus, asking for loans to invest isn't really an optimal thing to do so trade what you can.

Trading can be very complicated especially for newbies. Lots of people are still split on whether it's down to luck or skills on the analysis (technical and fundamental). As a trader, there are bery simple steps you can take to improve your chances of gaining and also minimize your losses and they can be useful for day traders as well as long term traders (investors)

1) Read and research: This is important for both newbies and experienced traders. The internet is a repository for information and lots of knowledge can be gotten from reading through it (this also includes watching helpful videos). Also do your research, knowing what is happening on what exchange or what currency is planning a fork or a halving can help shape your decisions.

- Practice: Through regular practice, you will find the strategy that suits you, this can be done through demo trading.
One important point to note is that during g practice you have to treat it like it's the real thing. Use only the lot size, capital, leverage, etc that you will use during an actual trade.

- Start small: There is no hurry in trading and as a newbie, you should start small and grow with time. Losses are ineluctable, so a small capital will reduce your losses.
At every point, only invest what you can afford to loss

- Be patient: Every trader should have the quality of patience and also timing.
It is important to know how to control your emotions and only act on your analysis. This would also help you handle losses and profits.

- Explore every option: There are lots of tools at your disposal, signals, technical and fundamental analysis, etc, not every one of them would be helpful to you, discard those which are not and stick to your strenghts. Bitcointalk can also be a useful tool, it's an interactive forum where you can ask questions.