Topic: Trading Newbie - page 5. (Read 22175 times)

Daily Trading Strategy for newbie
If you are only aiming for a quick profit from the Bitcoin price movement in the short term, then you will see some strategies that are shared on new posts as the basics of bitcoin trading. Tracking indicators such as support, resistance, and moving averages can provide a good idea for making a purchase or sale. Combining multiple indicators into your own trading strategy will usually be the best recipe for success.

If you choose a different indicator to track the bitcoin price every day, then you should make sure to re-test your strategy before you involve real money into your game. A trial is a way to see how a particular trading strategy will have the same fate in the past. While past trends may not necessarily match future price movement indicators, these backrests can give you a good idea whether or not this collection of price indicators could be able to predict price movements in the past.

Cryptocurrency Trading preparation step
1, Time, if it can be time really spare and no other busyness so that we can focus to trading. and please while looking at how to buy coin
2. Analyze, before trading you should analyze true travel price coin on the market, with the help of trading charts on the account
3. Make sure the movement of the chart when trading will be predictable, meaning that the movement up and down the price is very significant not slow, it can be encountered on the coin which at that time the volume is also high.

First he should be on youtube learning short time experience, then focus on learning the market directly by buying in small quantities initially, to experience and learn trading experience. Do not rush to invest large amounts of money he will lose money immediately.

maybe he can try with the middle term before he decides for long-term because sometimes, in the middle term, we can see the price of each coin can increase higher and I think that is the good time to sell the coins and take the profit before the price is going down. but of course, to hold the coin for a long term is a good thing that he can do while in the long term, he doesn't have to be panic to see if the price is down and he can buy more in the lower price. it is better if he spends his time to learn more about analyzing the chart and the price so he can learn to buy or sell or still hold the coins.

If you're newbie in trading you have to be careful because trading is risky and dangerous. Don't trade if you don't have knowledge  in trading your money will gone like a bubble. I suggested you to choose long term trading if you're a newbie then while you're holding your coin and waiting search about the basic of trading learn to read charts candlesticks then apply it.

Since you already got many numbers of ideas and stretagy of trading . But here I would like to tell my stretagy of trading .
I usually made buy the altcoin which is at very low price of the month ( which is usual for many trader ) .
But after the made of buy I made sudden sell in advance at 10% more price .
Thus I  free from that buy of altcoin . In this way we can make big amount of money trading  without  confusing our mind .

To invest in financial markets is not so simple. You have to learn a lot about finance. Market followers only give you a glimpse of the market. the only news for reference. It does not make a decision on whether you can make a profit from your investment.

New market participants should update the market regularly and especially you should join this forum. Every day, the forum has good and interesting news with topics, help you answer questions and accumulate knowledge as well as experience. And as more and more newbies participate in this forum, the higher the rank.

I advise you to take trading courses. There you will get all the necessary knowledge. If you decide to start trading on your own, do not invest all your capital immediately. I advise you to invest in coins small parts of the budget, approximately 5-10%. This will help to avoid large losses. When you become more experienced, you can invest more

in any case, you need to start trading with a small seed capital and thus earn skills in trading. All Results will be positive only with a certain experience of the trader.

To start in trading obcourse you need to have an acount to some exchanger that you want to trade but before that you have to go and study about how tradings work amd learn how to basic about trading and if you already did that you slowly start trading with a small capital first.

I would recommend you from start learning the basics like basic patterns. but i think you already knew it because this post is from 2016 which means you may be more knowledgeable than me.

trading for the most important new players is that they new players should be able to learn and can analyze the coin price moves that exist in the exchange because such expertise is very important to be able to earn profits when trading bitcoin.

One step at time if you're newbie here in trading industry because there's no shortcut to success here and it will take time for you to see good results. So better start learning the basics of trading, there's a lot of helpful threads here and on the internet just search it. Then if you have some knowledge about trading the next thing to do is analyze the movement of the coins in the market so that you will have an idea what's the flow of the coins. And lastly gather some funds to start with and choose the coins you think will be profitable based on your monitoring and play the market until you feel comfortable to the system.

for beginners and to be able to know the newly released altcoins, I suggest there is https://trade.qryptos.com

it's his server in Singapore and yesterday also I sold Altcoins Biotron result from Airdrop and get 0.8 Ethereum.

Thanks Biotron!

You can see that the market has been fluctuating continuously over the past few days and it is hard to predict, so in order to be successful you need to have a specific sales strategy and strict adherence. according to the proposed plan. With a market that is as volatile as it is at the moment, it is best to trade in the right direction to get the most out of your profits.

which I do when trading as a beginner is the principle of buying when the selling price drops when prices are down. I think quite simple and easy it is profitable although sometimes have to lose. The important thing is to be smart to analyze a chart

Doing business with a newbie will give you closer access to knowledge in the cryptocurrency market. More transactions will help you increase your knowledge and will increase your rankings on the forum. Then you will make a lot of money.

it may be a bit of a trick for beginners like me to be able to trade well and correctly, so maybe there is much more to learn a lot of experience first to prepare myself to be a merchant who can really know when exactly when buying and selling, I do not want to take current risks to join day trading, I prefer investment, on potentially coins, that's better I think.

I think for newbie seems to understand how to trade properly and how to determine the right time to buy and sell bitcoin, because if you do not have that expertise it seems to be difficult to get a lot of profits.

Do not take money to trade on credit. Keep a diary of the trader, write down your transactions there, analyze the mistakes. Try not only to receive income, but also not to receive losses. Do not panic, make smart decisions. Plan ahead selling / buying. Do not invest the whole budget at once, divide for example into 3 parts