Topic: Trading for the Inexperienced Traders - page 4. (Read 22036 times)
if you have not experienced trading, you should not use large capital. because you could loss and lose your money. My suggest is just buy a potential coins, don't buy coins at random. buy coins that are trusted.
When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.
First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).
If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.
Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.
Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).
Merry Christmas (if you celebrate) and a Happy New Year to y'all.
Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.
First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).
If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.
Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.
Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).
Merry Christmas (if you celebrate) and a Happy New Year to y'all.
Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.
You are free to give your opinion and to give reminders to all beginners here. In fact, I don't see any bad with your statement it is actually a good advise for the community here in the forum. Honestly speaking, I already said this here many times that if anyone are inexperience in trading business they must start with learning process, do something to feed ourselves in knowledge about in trading that's a very important matter, never proceed in the actual trade without any idea or information regarding trading, due to for sure you will loss your coins only in the end.
If you want to do trading then you should do it even though you are inexperienced trader or you don't have much experiences or knowledge regarding to trading. If you don't mind, just spend a small amount of money at first day of trading so you will have the feel of trading cryptocurrency and also to test the water if you are comfortable with it or not.
When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.
First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).
If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.
Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.
Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).
Merry Christmas (if you celebrate) and a Happy New Year to y'all.
Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.
First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).
If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.
Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.
Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).
Merry Christmas (if you celebrate) and a Happy New Year to y'all.
Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.
Your strategy is good, but a lot of traders don't have patience to wait they want to trade frequently. As they used to trading often, so if they don't trade for some time they feel unease. Anyway, you have to study the market and follow the chart regularly or you would miss the train of positive trend.
There is no point in trading everyday, if you are a newbie trader. Try to gain as much knowledge and experience about trading as you can for the first three months, after that you can increase the frequency of trades.
Day trading must not be the choice of a newbie. this activity needs experience and deep knowledge of the crypto market. It will be better to invest in top-10 tokens and go on learning cryptocurrencies.
Day trading requires deeper understand on the market situation in order to predict the right price movement in a short term.
In short, it's called advance trading where the risk/reward ratio is both high.
There is no point in trading everyday, if you are a newbie trader. Try to gain as much knowledge and experience about trading as you can for the first three months, after that you can increase the frequency of trades.
Day trading must not be the choice of a newbie. this activity needs experience and deep knowledge of the crypto market. It will be better to invest in top-10 tokens and go on learning cryptocurrencies.
Trading is not that simple as it looks like, its very tough to predict the market, so newbie has to study the market deeply before putting real money into trading. Even following signals from paid group is not recommended, they charge from you and play with your money, sometimes they may have good trades but not everytime, its your money which you are putting on risk, paid services people will not lose anything in negative trades, so before going for paid signal services first take a demo for some days and check how accurate their signals are.
There is no point in trading everyday, if you are a newbie trader. Try to gain as much knowledge and experience about trading as you can for the first three months, after that you can increase the frequency of trades.
Day trading must not be the choice of a newbie. this activity needs experience and deep knowledge of the crypto market. It will be better to invest in top-10 tokens and go on learning cryptocurrencies.
There is no point in trading everyday, if you are a newbie trader. Try to gain as much knowledge and experience about trading as you can for the first three months, after that you can increase the frequency of trades.
There is no point in trading if you don`t have a good bankroll for trading. While you learn about trading you should pilling up some coins you plan to trade with, to have some cash on other side or some stable coin, in trading you need to have something to sell and with something to buy, higher bankroll can make things easier and learning more interesting.
I agree that newcomers should start slowly with some mid and long trades, after they master that they can start with short trades.
If you have enough trading skills then experience might not play a huge role.I am also new to day trading but already making decent amount of profits which only due to my skills and how much effort I am giving to make successful trades.
don't be afraid and keep trying, because learning to trade is not easy,
if you have tried but are still wrong in stepping it is natural,
the most important thing about learning trading is mastery of mentality. because without mentality we will be easily carried away by the market flow.
if you have tried but are still wrong in stepping it is natural,
the most important thing about learning trading is mastery of mentality. because without mentality we will be easily carried away by the market flow.
There is no point in trading everyday, if you are a newbie trader.
I wont say that is has no point. Visiting the exchange every few days to keep tabs on price is one thing although it can also be done by coinmarketcap or any other third party site. Then one can also be doing dummy trading with an imaginary capital and keeping a watch on that in an excel sheet. No time is wasted if you are using it properly even if you lose money. The experience is worth investing the money in.Quote
Try to gain as much knowledge and experience about trading as you can for the first three months, after that you can increase the frequency of trades.
It can vary from person to person there is no hard and fast rule that in 3 months you will gain all the experience you need. Also frequency of trades dont matter unless you are really analyzing the market well. 
There is no point in trading everyday, if you are a newbie trader. Try to gain as much knowledge and experience about trading as you can for the first three months, after that you can increase the frequency of trades.
If u don’t like the old ones, I would suggest you try searching for new exchanges, read carefully all documents and just keep an eye on their launching. Also, u can even explore the video ads to get the vibe of an exchange per say 
Thanks for the advice. To add, I have never seen qualitative ads of really bad platforms. They have no benefits to spend a lot of money on ads when their product leaves much to be desired. It wouldn’t live up to their expectationsIf u don’t like the old ones, I would suggest you try searching for new exchanges, read carefully all documents and just keep an eye on their launching. Also, u can even explore the video ads to get the vibe of an exchange per say
Thanks for the advice. To add, I have never seen qualitative ads of really bad platforms. They have no benefits to spend a lot of money on ads when their product leaves much to be desired. It wouldn’t live up to their expectationsIf u don’t like the old ones, I would suggest you try searching for new exchanges, read carefully all documents and just keep an eye on their launching. Also, u can even explore the video ads to get the vibe of an exchange per say
Thanks for the advice. To add, I have never seen qualitative ads of really bad platforms. They have no benefits to spend a lot of money on ads when their product leaves much to be desired. It wouldn’t live up to their expectationsIf u don’t like the old ones, I would suggest you try searching for new exchanges, read carefully all documents and just keep an eye on their launching. Also, u can even explore the video ads to get the vibe of an exchange per say
Thanks for the advice. To add, I have never seen qualitative ads of really bad platforms. They have no benefits to spend a lot of money on ads when their product leaves much to be desired. It wouldn’t live up to their expectations
If u don’t like the old ones, I would suggest you try searching for new exchanges, read carefully all documents and just keep an eye on their launching. Also, u can even explore the video ads to get the vibe of an exchange per say
Strategies are made from your knowledge of the market, about cryptocurrency, and your experience. if you don't have any knowledge
of course you won't be able to make a great strategy in trading dude?
Even if you do have knowledge, trading is tough job to do and many experienced people even make losses in the start but if you know nothing about trading and have no prior experience, you might think twice before spending big. You should make use of little money to gain experience in the market. Once you know how to do and what to do, you would be able to make money in trading. of course you won't be able to make a great strategy in trading dude?
I also learned from the advice of pro traders and I guess experience is still the best teacher. Sometimes, we have to do simple applications of what we read and what we watch about trading but we should do it with smaller capital. As day passes by, we could deal with the changes in the market easily.
Advise just gives us a little help to be successful, experience is really necessary as long the way we can learn new technique that would eventually improve our strategy. What is needed to be successful in trading is you need some kind of consistency, because with consistency you will also end up profitable in your journey, and this needs you to devote your time in trading and consider it a long term activity or journey.
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