Topic: Trading as a newbie? - page 4. (Read 2992 times)
You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe
Trading is very difficult for beginners if they don't have general knowledge about crypto. So the first thing a new trader needs to know is when an investment can be profitable. and being careful about when to invest will result in losses. In this regard, it should be noted not to invest when the market is growing like a bull run. If you want to invest, you must invest when there is a bear market. And thus a new investor needs to be careful so that he can profit. Again, many times it is seen that newbies are criticized about the amount of money they will need for trading. Therefore, it is possible to become a good crypto trader in the future if you start investing from all the money when trading for the first time.
Cryptocurrency trading risk is generally very high, it is recommended that novices learn more relevant knowledge before trying.
Before you start you have to know how things works in that line of trading that you're getting into, if possible ask, get better info before you get started otherwise you might just lose your hard earned capital before engaging yourself. Try as much as you can to know what you getting into, some people do lose because the information wasn't plain from the start so is best you gather vital information from a trusted friend.
Here is Trade not for newbies even it is just for a smart people who have lot of experience in trade. If you have no skills in trade then you can lost money. But if a newborn want trade then they should join more group for tech about trade. Otherwise help a smart trader teen you can make money easy from trade. I also tell you dont jmp trade without skill.
Of course, someone must have sufficient knowledge and skills to trade properly. No skill means a small chance of gaining profits from trading. Moreover, if we have no knowledge, it is like a mission impossible to earn money through trading. So, actually everyone who wants to trade in crypto, must have both knowledge and skills. We already know there are many people who fail in trading because they have lack of knowledge/skills, it is just a warning for every newbie to never trade carelessly.
Here is Trade not for newbies even it is just for a smart people who have lot of experience in trade. If you have no skills in trade then you can lost money. But if a newborn want trade then they should join more group for tech about trade. Otherwise help a smart trader teen you can make money easy from trade. I also tell you dont jmp trade without skill.
It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move
It's consider difficult at the beginning, but with constant practice, a newbie becomes confident on trades. Experience is essentially what newcomers in the space require; one cannot begin trading without adequately sketching out good projects in the market. Losses are unavoidable, but rewards are possible. Being familiar with the market also makes things smoother, good trading tools make trading simpler. Newbies lose a lot of money because they do not follow the right path and are always desperate to make money. This is cryptocurrency; you learn before you earn; anything else puts you on the wrong track. Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
set up a strategy and work with it, it may turn out to favour you but please, start with a little amount of money, an amount you can easily give up and not feel the pressure. I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
Actually I'll first of all advice you closely monitor the pattern of the market for the coin in which you have eyes for in investing, watch the trend closely and this takes months to years if you're really keen on making it big
Then, you should check if it's a coin that bullish or bearish together with Bitcoin then you also monitor the trend of Bitcoin this will even help you monitor the coin closely too. For example Bitcoin and Litecoin they're almost having the same trend....as Bitcoin falls Litecoin also falls
Currently Bitcoin is around 28thousand dollars and Litecoin is around 88dollars . If you want to gain from Litecoin you should get ready to buy now because any further bearish on Bitcoin will lift Litecoin to around 101 dollars
Same thing goes for shitcoins and air coins. Just monitor closely with either Ethereum or Bitcoin how they increase or decrease together with them and bag as much as you can during the dip to sell when it pumps
DYOR on safest coins to bag I'd advice go and get CORE from anyone who mined if you didn't mine!
It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move
a beginner in trading is bound to make mistakes. but it all depends on how they learn from their mistakes. if they study well, beginners can quickly adapt to the market and trade well.learning from one's own mistakes is a great experience. it can make us as beginner traders be more careful in making trading plans. there are no professional traders if they also don't start with mistakes.
It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move
Avoid pushing too quickly and regret when you missed out on the train and find yourself
losing a lot, trading needs time and more practices. It's all up to your good judgement
to work your way in the right patterns.
Yeah one thing that has been misleading newbie traders is the believe that they can suddenly make all the money they desire in just one day especially with a relatively small capital and later Begin comparing their steps with that of old time traders.
As a newbie, you should focus more on learning and acquiring more knowledge rather than wanting to make all the profits at once.
Nothing good comes easy and same is also applicable to trading and for you to be a successful trader, you have to be knowledgeable and have a very good risk management skills.
Knowledge is your advantage, and that's the problem most of the time with newcomers,
they believe that way, thinking this venue of investment will bring them a huge chunk of profits instantly.
If you know well how the business works, then it will be your edge following how you will take advantage of the market flows.
The more you understand the market, the better you can anticipate where the market will go, the chance of making
decently is not by far, just don't take things in a shortcut but try to adopt and absorb more knowledge.
First of all you are a new member in trading. You just plan to start trading. And you have also said here that you have no idea about trading since you have no idea about trading so first of all you need to develop adequate understanding about trading first. The information you choose to trade based on will never be right for you. If the market is dumping 10% at one time, it will pump 10% later.
Many times it can be seen that different coins are increasing in phases and those coins are decreasing in phases so it can never be the right signal for you. First you need to be good at trading. There are different charts of trading you need to understand those charts when you understand these things then trading will be good for you.
Many times it can be seen that different coins are increasing in phases and those coins are decreasing in phases so it can never be the right signal for you. First you need to be good at trading. There are different charts of trading you need to understand those charts when you understand these things then trading will be good for you.
It is important to understand that a beginner is actually equal to losses. You should be prepared for this. When I started working, I devoted a lot of time to working on the demo account of the Amarkets broker in order to gain the necessary experience.
A beginner who is just learning how to trade has so many disadvantages, and these disadvantages are based on the fact that they know nothing about crypto market. The crypto market is a very complicating one,and any beginner who wants to excell in crypto must study the market,and understand the way the market operates.We know that it is always full of ups and downs,that's why it is required of newbies to make research,know the seasons in which a particular product will do well,and know the amount of money to invest in it at that particular time.Any beginner who is in haste to trade is liable to lose his money,because in trading,it is very risky to rush. 
Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
I am onced a newbie i also know how it feel, I've experienced a lot of losses and there was a time that i feel trading is not for me a huge loss and a feeling that i never get back my losses and its driving me insane, but if you never surrender you will become more wise and great trader, so don't be afraid because you are not the one who loss expert in trading also loss we all loss the important is we stand still after lossing. I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
One strategy that many traders use is buying low and selling high, also known as "buying the dip." This involves buying an asset when its price is low and then selling it when the price increases, allowing you to make a profit. However, it is important to do your research and understand the market before making any trades.I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
It is important to keep track of your trades and calculate your profits and losses in order to make informed decisions and improve your trading strategy. While it may be difficult to make significant profits as a new trader, with experience and knowledge, it is possible to become a successful trader and make consistent profits.
Yes like to me, i am baby in trading.
I have no calculation right now for how much money i lost in trade. But i know very small assets i can make everyday now. So when you are a new person in trade then you can't make us good money but after you can make money when you are a professional trader. Buying dip then selling high o man i feel like good when my hand take $1k.
I have no calculation right now for how much money i lost in trade. But i know very small assets i can make everyday now. So when you are a new person in trade then you can't make us good money but after you can make money when you are a professional trader. Buying dip then selling high o man i feel like good when my hand take $1k.
It is a good idea to learn trading altcoins,many have made good profits buying the dip and selling the highs.One think it that you should not invest what you cannot afford to lose,you should start with little funds to see how things plays out.
Always start out with small amounts specially when you are just still starting up and never ever consider yourself to make out on going all in type of positioning here on the market since we do know that it cant reallybe just that so simple on making profits on this kind of career where it does involved a market which is really that too unpredictable.There's no way that you could really be able to learnt up things on easy way.
As a newbie then its normal to have lots of errors and mistakes which these are stepping or learning curves which you would need to understand and would really be that
need to learn so that you would really be making yourself more better as you do go further.
Your win rate will only become high once you acquired advanced knowledge, experience and also data that you can use for your future trading execution. There is no wrong starting to trade with huge amount of money, but like what I said the possibility of account burning is very high so you be a conservative trader who thinks how to stay long game in trading.
Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.
I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
everyone is thinking how to earn in trading and every strategy sound simple but its not, if we can earn with that simple strategy then we are lucky, buying and selling is good strategy but the problem is we don't know when the particular coin is going to up or continue to down after we buy it, just always remember that no one will loss if you don't sell at loss. I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.
I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.
Anyone done something similar or will it just lead me to losing my money?
The important thing here is that a novice does not start inventing and Gambling in trade, because it can go very badly for him, some think that they are lucky and that they know what the market can do and despite the fact that some Traders have good luck when operating, that luck will make you earn money, it is obvious, but at some Point luck will run out and that is when Failures will begin and that is what must be avoided at all costs, for me the main thing here is always keep in mind that it is best to operate knowingly, studying every day so as not to lose money.
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