Topic: Trading Safely (Read 807 times)
accept the consistent trader. ya i only put some % of profit every i trade, and about fake news for pump and dump i always follow it with low capital and take the chance before price pumped, sometime i loss too
if this pattern can be applied chances to be more successful with your trade will follow, i think basic information and those who really affecting the movement are really needed to be well studied, trading is different from guessing as we do have lots of factors which affecting the current moves,
the more you understand the more advantage you have before you place your entry.
the more you understand the more advantage you have before you place your entry.
This is a very good list of tips for newbies, and all those who are just starting to do altcoin trading should read this kind of posts, because it is true that a lot of newbies are losing their funds because of common mistakes that they are repeating all over the time.
I made one of those mistakes when i was a newbie too, but i had luck because i did not lost more than $50 because of those mistakes.
Nice tips mate.
only 50$ lucky you I made one of those mistakes when i was a newbie too, but i had luck because i did not lost more than $50 because of those mistakes.
Nice tips mate.
The only real mistake is the one from which we learn nothing.....
we all have to make mistakes, learn from them and improve our skills but i hope that will help to reduce damages at least
Keep on learning and never stop improving yourself. One day, trading will become the blood that runs in through your veins.
Lol i'd happily lose 50$ while starting trading then continie improving from there. The list op gave is pretty helpful for starters though of course nothing beats experience. Take all those things into consideration and practice trading. And 50$ is a good amount to start with since like wgat happened to you, it won't hurt that much if you make mistakes and lose money
technical indicators is by far the most important thing "you have to learn" before you start trading. There are already a ton of information online about FX trading (FIAT) which is a very good place to start if you want to get involved in crypto trading. Crypto trading is so much more volatile and it doesn't necessarily follow always the patterns of traditional FX traders, even though the underlying basics are the same. To be safe, make sure to ask questions on trader's channels and talk with other people about their opinion (current direction of the market/price), you might have missed something that someone else has looked into and that can save you a ton of money if you get in on it. In general, keep your view open to new changes and always read the news and developments in the crypto space
This is a very good list of tips for newbies, and all those who are just starting to do altcoin trading should read this kind of posts, because it is true that a lot of newbies are losing their funds because of common mistakes that they are repeating all over the time.
I made one of those mistakes when i was a newbie too, but i had luck because i did not lost more than $50 because of those mistakes.
Nice tips mate.
only 50$ lucky you I made one of those mistakes when i was a newbie too, but i had luck because i did not lost more than $50 because of those mistakes.
Nice tips mate.
The only real mistake is the one from which we learn nothing.....
we all have to make mistakes, learn from them and improve our skills but i hope that will help to reduce damages at least
Keep on learning and never stop improving yourself. One day, trading will become the blood that runs in through your veins.
make sure the exchange is valid as well. That they send the payout within a reasonable amount of time and that they do their KYC process thoroughly (a high likelyhood of an exchange closing down, is if they don't follow such KYC procedures). Other things to note: see if can short-sell, if there are stop-loss orders and if you can trade with leverage. The more options the better you'll be off as you advance in the trading community
🚦Here is a list of tips and advice to succeed in cryptocurrency trading:
• Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
the list is useful of course, it will help a lot). If there is a head on the shoulders, then you can not lose anything, but as they say on their mistakes it is easier to learn, there is something wrong, everyone makes mistakes, the main thing is that they learn the same • Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
That was a very good tips for those who just started trading. At first it is very hard to cope up because of the risk and the prices are very volatile. But before you start to learn trading, start first in yourself. See to it your emotions are intact. Learn how to be calm to avoid getting carried away when there's a FUD news.
🚦Here is a list of tips and advice to succeed in cryptocurrency trading:
• Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
• Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
Great tips especially for beginners, but I just added that you also need to control emotion when it comes to trading. You need to analyze how not to be greedy and not to be fearful. And always remember, no matter how competitive trading there is time to lose
🚦Here is a list of tips and advice to succeed in cryptocurrency trading:
• Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
• Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
really thank you friend up to now i have no full clarity about trading but you said this tips know to day onwards to i have to follow. seriously who don't no about this trading that kind of people seen it once really they keep interest on trading of bit coins. so it is one of the good and easiest way to earning bit coins easily. to day to i have to follow this tips in my trading.
🚦Here is a list of tips and advice to succeed in cryptocurrency trading:
• Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
Thank you op for this useful tips and I hope some newbies in trades has learned something significant on this thread. One more addition I will like to make on candlestick is for you to develop your skills and knowledge on how to interpret there formation in a professional ways. Candlestick formation or pattern has all the information you can get from any were about the assets you are trading. If you are looking for something like insiders secret about the assets you are trading then candlestick is the best option for you. You should spend a lot of time and money to develop your skills on it as this is what professionals traders do and most of the bots are configured to place a trader based on the signal from candlestick formations. • Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
It is a great list, to start trade you need to be patience and you cant guess everything 100% correct, so dont trade with 100% of your fund and the most impotant is to find a good source of information dont do any panic sell, keep your head cool and always make consideration before trading
This is a very solid list of tips for newbies, and all those who are just beginning their trading careers. It is true that a lot of newbies are losing their funds because of common mistakes are repeated continuously.
Great jab and good luck!
Great jab and good luck!
🚦Here is a list of tips and advice to succeed in cryptocurrency e you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
I think any investments it’s either Crypto(bitcoin/altcoin) or stock market (fiat) this simple tip has more impact than the others mentioned. We though sometimes that going big at the start will put as on the edge of profiting more but the reality is it has more risk 1000 times as you are a newbie in this field. Hope anyone would understand what the thread starter want us to learn. Be patient.
Wow. Thank you very much on this very informative tips and advice. I can apply this on my trading life, specially the "Learn from your mistakes". I have very lot of mistakes since I started in trading, I'm very disappointed those days but now I learned and I may apply those learning for my future in trading.
Thak you for this tips it's really a big help especially to those newbies trying to learn about trading best part is staying don't invest what you can't afford to lose
Also, don't keep the money you don't plan to trade on exchanges. Exchanges keep getting hacked or seized, yet people keep doing the same thing
Noobs are noobs for a reason, and that's why regardless of the trading tips people provide them, they will still let their emotions get the better of them in case the market corrects heavily. Some people simply aren't made for trading to begin with, so no matter how much information they read/browse through, it won't help them at all. People learn from diving straight into trading and from there learn from each and every mistake that ends up in them losing money. The only thing I do agree with is that people should understand what Bitcoin is, and what motives various entities may have when it comes to manipulation, the fud that comes with it, etc. Bitcoin understanding is a must from my point of view, understanding of trading will follow afterwards.
🚦Here is a list of tips and advice to succeed in cryptocurrency trading:
• Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
• Learn about Bitcoin and blockchain technology
• Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.
• Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.
• Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.
• Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.
• Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.
• Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.
• Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.
• Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.
Totally agree with that and thanks for sharing But using a stop loss for my own experience make me loss more than profit because many time he juste touch my SL and go ahead for that I choose for my trading remove the SL but put in your mindto be success with this you should have a good capital and minimum risk
Op is quite right in some of the points he raised to a successful trading. Basically to me , trading gradually is a key. I mean, one don't need to be greedy in trade. Enter a trade with small lots size so that when the market turns around, you won't be too hasty to jump out before the market goes your direction. Remember the market is bound to go either ways- up and down.
I agree with that but just like what OP said there are people who would have high expectations when it comes to trading even if they have just started. They expect to earn big the first time they trade even if they know that there skills and knowledge in trading is not enough. Trading is a continuous learning of different points in the market and learning from experiences is the best way to understand the market more.
It is very important to understand the market as well as to trade safely. Every time we trade, we must consider that there is a chance that our money could be taken away from us.
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