Trading for Beginners? - page 6. | Bitcointalksearch.org

Distinctin

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Quote from: cotton ball on January 26, 2020, 01:52:06 PM

Quote from: Spider A4 on January 26, 2020, 01:30:43 PM

Quote from: angrynerd88 on January 25, 2020, 01:02:34 PM

Mostly said that,Trading is not for everyone and its a reality being realistic should accept the truth.Newbies come and start trading even dont know the charts and at the end loose all.Before to start trading ask yourself either you are good at trading or not and if you have passion for trading then go with trading because passion bring knowledge and stamina and it take to success.

Exactly you picked the very important part. Once all of the guys was newbie's trader they are gradually being expert traders that is reality and universal truth. Trade is everyone if who guys can deliver effort in the perfect moment. I did not know anything before starting trade. No how i am surviving yet?

Yeah here very important to you need more realistic, emotional trade will never success in the last moment.

Newbie never lost their expectation with some one else recommendation which one have to invest, many of beginner always hear and invest with coin recommended by expert although they give late for buying and selling, this way many beginner lost their money in trading and investing with bitcoin.

Because they are blinded enough to see the losses that might to them later because of the attractive offering that these scammers promised to them. It was sad and can't able to imagine why noobs will still be the most victims of this kind. Because we are actually spreading awareness but unfortunately, they simply ignore this (maybe) for the sake of having instant money returns which is a false promise that scammers always do.

carlisle1

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Quote from: Spider A4 on January 26, 2020, 01:30:43 PM

Quote from: angrynerd88 on January 25, 2020, 01:02:34 PM

Mostly said that,Trading is not for everyone and its a reality being realistic should accept the truth.Newbies come and start trading even dont know the charts and at the end loose all.Before to start trading ask yourself either you are good at trading or not and if you have passion for trading then go with trading because passion bring knowledge and stamina and it take to success.

Exactly you picked the very important part. Once all of the guys was newbie's trader they are gradually being expert traders that is reality and universal truth. Trade is everyone if who guys can deliver effort in the perfect moment. I did not know anything before starting trade. No how i am surviving yet?

so basically what are your point on that mate?sorry but it is harder for me to understand the whole meaning of your statement i don't know i i am missing something or it is your grammar that make it hard for me.

Quote from: Spider A4 on January 26, 2020, 01:30:43 PM

Yeah here very important to you need more realistic, emotional trade will never success in the last moment.

in this part i agree with you because Emotion will only brings failure to us because we will mistakenly choose actions if we are more emotional traders,better not to be more excited and not more panicking.

SquallLeonhart

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If complexity does not matter you than you should start learning and getting lectures about trading as soon as possible because you are going to need to huge research in order to start gaining benefits from the bitcoin trading or any altcoin trading. Also can you lets us know what your be your initial investment because if you are tending to invest in smaller amount than you should try converting bitcoins to smaller value coins which can give you good profits for trading with smaller amount also.

Price for bitcoins is much higher so it would need huge investment in order to make profits from the small or mid-interval trading. No doubt, it would be a good source of investment if you are going to invest for long term.

secone

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Quote from: Aggressive on January 24, 2020, 11:29:45 PM

HI,

Over the years I've acquired around a few hundred dollars worth of bitcoin. I'm now looking to sell off part of my coins and start trading on the side of what I do personally for work. I was in the bitcoin scene awhile ago but i'm looking to get back into it. My question to everyone here is: What are the DOs and DONTs of bitcoin trading? Also any other advice for a beginner would be helpful. I'm new to this site, so i'm sorry if there is already a thread posted about this. Also, what are the best sites to use for trading through experience? Complexity doesn't matter to me. Thanks in advance for any help I receive.

Regards,

Kyle aka Aggressive

Do you have any experience in trading?
if you have experience in trading maybe like in Mt4 you can same method too.
for trader you must do planing, you must do reading news, and you must do reading any analisys related by your current trade.

cotton ball

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Quote from: Spider A4 on January 26, 2020, 01:30:43 PM

Quote from: angrynerd88 on January 25, 2020, 01:02:34 PM

Mostly said that,Trading is not for everyone and its a reality being realistic should accept the truth.Newbies come and start trading even dont know the charts and at the end loose all.Before to start trading ask yourself either you are good at trading or not and if you have passion for trading then go with trading because passion bring knowledge and stamina and it take to success.

Exactly you picked the very important part. Once all of the guys was newbie's trader they are gradually being expert traders that is reality and universal truth. Trade is everyone if who guys can deliver effort in the perfect moment. I did not know anything before starting trade. No how i am surviving yet?

Yeah here very important to you need more realistic, emotional trade will never success in the last moment.

Newbie never lost their expectation with some one else recommendation which one have to invest, many of beginner always hear and invest with coin recommended by expert although they give late for buying and selling, this way many beginner lost their money in trading and investing with bitcoin.

South Park

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Quote from: Aggressive on January 24, 2020, 11:29:45 PM

HI,

Over the years I've acquired around a few hundred dollars worth of bitcoin. I'm now looking to sell off part of my coins and start trading on the side of what I do personally for work. I was in the bitcoin scene awhile ago but i'm looking to get back into it. My question to everyone here is: What are the DOs and DONTs of bitcoin trading? Also any other advice for a beginner would be helpful. I'm new to this site, so i'm sorry if there is already a thread posted about this. Also, what are the best sites to use for trading through experience? Complexity doesn't matter to me. Thanks in advance for any help I receive.

Regards,

Kyle aka Aggressive

I think that at first you need to define what it is your baseline knowledge about trading, if you do not really know anything about trading then you are not going to learn enough from the advice we can give you and you will lose the capital that you have, my suggestion is simple do not trade now and wait until you have the necessary knowledge, the markets are not going to disappear, there are always good opportunities to make money but if your capital disappears then you will have no way to take advantage of those future opportunities.

Spider A4

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Quote from: angrynerd88 on January 25, 2020, 01:02:34 PM

Mostly said that,Trading is not for everyone and its a reality being realistic should accept the truth.Newbies come and start trading even dont know the charts and at the end loose all.Before to start trading ask yourself either you are good at trading or not and if you have passion for trading then go with trading because passion bring knowledge and stamina and it take to success.

Exactly you picked the very important part. Once all of the guys was newbie's trader they are gradually being expert traders that is reality and universal truth. Trade is everyone if who guys can deliver effort in the perfect moment. I did not know anything before starting trade. No how i am surviving yet?

Yeah here very important to you need more realistic, emotional trade will never success in the last moment.

semobo

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Quote from: tianglistrik on January 26, 2020, 12:21:05 PM

Quote from: semobo on January 26, 2020, 11:21:50 AM

Don't sell too early,patience is the virtue of trading.

For a beginner who doesn't in need of making income from trading to survive their life should always reinvest their profits back into cryptos to make more money than day traders.ANd also keep the satoshi value in mind over USD value.

circulation of funds will indeed be needed if a trader does not have another job. and finding enough profits will make us better than always hoping for high profits because high profits will take time unless the trend is improving, and we must think about funds too to stay safe.

High profit margin associated with high risk.

If you are a smart your will go with less risky method to make profits.

maydna

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As many members suggest, you must learn the lesson about trading, so you can know when the time to trade. If you can know the time, you will have a chance to select the coin to trade, and perhaps, you will need longer to analyze because, at that time, many coins that will look profitable. You need to have the skills to analyze each coin, so you don't feel difficult in analyzing and finding the right coin. You must avoid greed in trading because that will prevent you from making a profit because you want to make a bigger profit, which is not always happening. You should not panic when the market is down because if you panic, you will lose the opportunity to analyze the good time to buy or sell. There are many other things that you should know, and you should search for yourself.

tianglistrik

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Quote from: semobo on January 26, 2020, 11:21:50 AM

Don't sell too early,patience is the virtue of trading.

For a beginner who doesn't in need of making income from trading to survive their life should always reinvest their profits back into cryptos to make more money than day traders.ANd also keep the satoshi value in mind over USD value.

circulation of funds will indeed be needed if a trader does not have another job. and finding enough profits will make us better than always hoping for high profits because high profits will take time unless the trend is improving, and we must think about funds too to stay safe.

semobo

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Don't sell too early,patience is the virtue of trading.

For a beginner who doesn't in need of making income from trading to survive their life should always reinvest their profits back into cryptos to make more money than day traders.ANd also keep the satoshi value in mind over USD value.

FairUser

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Quote from: bettercrypto on January 26, 2020, 11:12:27 AM

Quote from: Kelvinid on January 26, 2020, 09:45:17 AM

A lot of trading site, you could choose one or two at your preference;
https://coinsutra.com/best-cryptocurrency-trading-site/

Your decision is very important here coz that will bring you into the best result. Trading is kinda a sort of effort and knowledge and further enhance your trading skills, you must be able to do it manually. Experience is a good teacher, just like the others, we also have to suffer some losses before we got what we wanted to be in our life. But if we are afraid of that, we're going nowhere for sure.

Another thing is that, stay away from trading signals and bots offering in telegram or any app. Because you think that they are good and helpful but they won't. Even it is free its hard to trust your capital with them. If you are a newbie and you want to trade, do it manually and learn things from your experience and research. Be resourceful because it is one of the sword that we need to have to succeed in trading.

It would be foolish to trust the Bot and telegram signals. All of them are scams and we will definitely lose money if we invest in them. The market today is not the same as 2017, so we need a lot of experience to make a profit in this market. And if we do not have experience, we should invest long-term in this market

bettercrypto

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Quote from: Kelvinid on January 26, 2020, 09:45:17 AM

A lot of trading site, you could choose one or two at your preference;
https://coinsutra.com/best-cryptocurrency-trading-site/

Your decision is very important here coz that will bring you into the best result. Trading is kinda a sort of effort and knowledge and further enhance your trading skills, you must be able to do it manually. Experience is a good teacher, just like the others, we also have to suffer some losses before we got what we wanted to be in our life. But if we are afraid of that, we're going nowhere for sure.

Another thing is that, stay away from trading signals and bots offering in telegram or any app. Because you think that they are good and helpful but they won't. Even it is free its hard to trust your capital with them. If you are a newbie and you want to trade, do it manually and learn things from your experience and research. Be resourceful because it is one of the sword that we need to have to succeed in trading.

Kelvinid

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A lot of trading site, you could choose one or two at your preference;
https://coinsutra.com/best-cryptocurrency-trading-site/

Your decision is very important here coz that will bring you into the best result. Trading is kinda a sort of effort and knowledge and further enhance your trading skills, you must be able to do it manually. Experience is a good teacher, just like the others, we also have to suffer some losses before we got what we wanted to be in our life. But if we are afraid of that, we're going nowhere for sure.

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Quote from: kotajikikox on January 26, 2020, 06:15:39 AM

The DO's is be aware of the risk inside crypto investing, go with your instinct and buy low always (though this is depend on your desire in the movement of prices)

Dont's are never panic every time you see market is falling.
Never believe in high profit promises
Never trust random people PMming you in social media platform

for the time of buy it really depends on the price action because if the price has touched support then the time of buying must be prepared, because the potential pump will come. and I agree with this that we should not be carried away by what people say, especially if they do so with the potential that is said.

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Quote from: Aggressive on January 24, 2020, 11:29:45 PM

My question to everyone here is: What are the DOs and DONTs of bitcoin trading? Also any other advice for a beginner would be helpful. I'm new to this site, so i'm sorry if there is already a thread posted about this. Also, what are the best sites to use for trading through experience?[/size]

I think Bitcoin trading is easy if your a believer. any time it dips go 2x-4x long. As long as you wait long enough you will never mage a losing trade. Bitcoin is easy if you don't cut your losses. We will be at another ATH within months. As long as you don't sell none of your trades will be bad. But essentially go 2x-4x long on the dips and sell on the spikes. If you miss the sell point don't worry. It will spike back up again later.

kotajikikox

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The DO's is be aware of the risk inside crypto investing, go with your instinct and buy low always (though this is depend on your desire in the movement of prices)

Dont's are never panic every time you see market is falling.
Never believe in high profit promises
Never trust random people PMming you in social media platform

Subbir

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Quote from: Janation on January 25, 2020, 11:43:17 PM

Quote from: tenakha on January 25, 2020, 04:28:39 PM

Quote from: Aggressive on January 24, 2020, 11:29:45 PM

Set up a plan for yourself in advance and try to follow it. This plan should include the path you choose (what kind of trade you can do), how fast you need to go (amount of earnings) and what you have to do to avoid falling into the pits (management of risks and feelings). But, first of all, how prepared are you to set off on this road? If you need to learn a little more, do not ignore it.

More like how much can they lose.

Investing in cryptocurrencies is not that easy. As an investor, you should not always look at how much you can earn but also on how you could lose it and how you could reduce the risk that you are taking. I think you should not always manage your feelings first if you can't even manage your balance well.

I also share some solidarity with you that so as to take a position, you would like to remember of where you would possibly want to take a position in your capital. Here a touch review isn't enough as there are many investment issues that are far deeper, so explaining generally isn't enough.

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Quote from: Bim abk on January 25, 2020, 12:03:33 PM

Quote from: iqronik on January 25, 2020, 11:23:57 AM

Using various tools and helpers can also be useful, especially for beginners. Find for yourself a convenient market scanner, advisor like coincyborg, position size calculation, portfolio watcher like blockfolio and so on, you'll definitely see some improvements in a short amount of time

And make at least a few hundreds trades first using small orders or paper trade until you get used with user interface of your exchange or bot or some trading platform etc. And don't forget to read some TA books

for beginners it would be more recommended to try a lot of trading with small funds and also read articles that have been made by experts. and so far the tools on the market have helped a lot and we can take advantage of it, so far it depends on the beginner himself who can adapt.

Articles from experts can indeed help beginners to trade the right way as long as they do it seriously, and trying to make an initial trade with small capital is a good choice and do the learning simultaneously by experiencing it directly so you get the theory and practice to be able to master it quickly.
learn everything well so that you become a reliable trader and do all learning based on your true intentions and with that you will try to learn to master it all.

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So anyway, I applied as a merit source :)

First thing first, stop using 20pt as size. It is an eyesore.

Quote from: Aggressive on January 24, 2020, 11:29:45 PM

Over the years I've acquired around a few hundred dollars worth of bitcoin. I'm now looking to sell off part of my coins and start trading on the side of what I do personally for work. I was in the bitcoin scene awhile ago but i'm looking to get back into it.

Then why are you looking forward to selling your coins? Bitcoin users have the HODLpolicy unless they are in dire need of money. Have you forgotten your code during this time? Wink

Quote

My question to everyone here is: What are the DOs and DONTs of bitcoin trading? Also any other advice for a beginner would be helpful. I'm new to this site, so i'm sorry if there is already a thread posted about this.

So if you are completely new to trading then dont start with bitcoin trading. Learn how the stock market works first before you move to crypto trading. I feel those those who are stock traders have a higher chance of making money in this market because they know how market psychology works.

Dont get me wrong as a wallstreet broker, I am just trying to make a point. Experience in the market is what I mean to say.

Quote

Also, what are the best sites to use for trading through experience? Complexity doesn't matter to me. Thanks in advance for any help I receive.

There is nothing called "Best" site. They are several sites which are a click away and they all have their own pros and cons. Go for any exchange that allows your local currency and make sure to check it with your local residents to get a better idea. This itself is a topic for another thread.

Topic: Trading for Beginners? - page 6. (Read 1895 times)