Don't trust one coin, you should trade on several different coins, and do personal analysis. do not follow the analysis of others if it does not fit your conscience.
and also - choose major coins to start with.
Topic: Trading tips - page 3. (Read 3485 times)
and also - choose major coins to start with.
Don't trust one coin, you should trade on several different coins, and do personal analysis. do not follow the analysis of others if it does not fit your conscience.
I am a newbie to crypto field.I want to now some crypto trading tips.can you help me
the improvement of trading will be more higher then the previous days and people are also had a lots of strategies to make their trading unique and successful so my opinion is is experience will only made you successful run the following some good guidance of experience with people is very easy to get pick up in trading
Keeping on everyone strategies of your strategy will helpful for you to not get lost in your trading because if you do something new it will be a risky thing in trading so following some good guidance of experience the people always helpful for everyone.
The best tips in trading is a constant practice and a cold head, clear certain goals, the digital market dictates its conditions and sometimes very uncertain
it is true and the key to trading in order to run well and smoothly you must be able to control emotions and always be patient when the market experiences a rise or decrease in prices so that you can get the desired benefits and avoid losses
Crypto is an extremely volatile asset. That’s why I would recommend you to pick the exchange with a stop loss feature. It will help you to reduce the risk of losses and automatically sell your coins if the price drops lower than you indicated in a stop loss. Successful crypto trading is hard work that requires everyday practice. If you think that you are not ready to start real trading, you can practice on a free demo account, offered by Cex Broker (https://cexbro.com/). It provides all the necessary trading tools including the stop-loss feature. Furthermore, signing up now you get as low trading fees as 0,05% for 2 months. I think it is hard if not impossible to find lower fees.
The best tips in trading is a constant practice and a cold head, clear certain goals, the digital market dictates its conditions and sometimes very uncertain
it is true and the key to trading in order to run well and smoothly you must be able to control emotions and always be patient when the market experiences a rise or decrease in prices so that you can get the desired benefits and avoid losses
Good tips to follow, sometimes no matter what a trader does, you end up losing and it is really worrying. Trading requires alot of attention and smartness to prevent loses. You may want to exit after hitting the bottom.
I think the tips that gave the trader is enough all must you do is make a list and apply it when you do trading so you will know what is the best action. But make sure the tips thag you use in trading is really works and compatible to you so you will not lose more money.
Sometimes even watching a guy trade his money with whatsoever there is won't help you. Experiencing it first hand a big step for beginners. A tip that I can actually use in my trades are looking at the price of popular coins frequently and having a backup money incase the coin that you have been speculating shows some promise and invest as soon as possible. And last but not least do not force a trade that you are hesitating into.
Dont over trade and spend only maximum 8 hours aday, choose only good coin to trade, use stop loss and trailling stop, dont FOMO and greedy, trade only maximum 3 different coin at the same periode, should be have target profit in monthly, only trading in bullish trend and exit from the market if there are indication the trend will change to bearish.
I agree with you in all the points.
My objection is that it is so hard to determine if there is a bullish trend or a bearish trend. I try hard to study charts and decide if I should buy or sell but there is a huge volatility that cannot help me in my trading decisions.
On tip: be familiar with these cryptocurrency trading terms: https://bitcointalksearch.org/topic/m.50024489
It's very helpful for newbie, they have to understand the basic term first prior to digging more information about on how to be successful in trading. Doing it with more research and slowly applying what you learn into practice is an effective method for long term success.
Right! Posting here the image for everyone's use.
well, it's nice thing!
There are 3 basic things everyone should follow.
1. Don’t invest money you can’t afford to lose. Cryptocurrency is extremely volatile in comparison with other assets thus very risky.
2. Buy low, sell high. It’s logical and seems easy but in fact, it’s very hard to identify the peak price of the crypto and sell it when the rest crazily buy it
3. Don’t put all eggs in one basket. By buying different crypto coins, you reduce the risk of losses.
Then you’ll need to determine what cryptocurrencies you want to trade taking into account their technology, concept, supply, market cap, etc. Find trusted and reliable crypto exchange that accepts credit card or bank transfer like Cex. It allows trading both fiat to crypto ( https://cex.io/btc-usd ) and crypto to crypto.
Practice trading and learn about cryptocurrency as much as you can. Cryptocurrency is a very sensitive thing that doesn’t like weak hands.
1. Don’t invest money you can’t afford to lose. Cryptocurrency is extremely volatile in comparison with other assets thus very risky.
2. Buy low, sell high. It’s logical and seems easy but in fact, it’s very hard to identify the peak price of the crypto and sell it when the rest crazily buy it
3. Don’t put all eggs in one basket. By buying different crypto coins, you reduce the risk of losses.
Then you’ll need to determine what cryptocurrencies you want to trade taking into account their technology, concept, supply, market cap, etc. Find trusted and reliable crypto exchange that accepts credit card or bank transfer like Cex. It allows trading both fiat to crypto ( https://cex.io/btc-usd ) and crypto to crypto.
Practice trading and learn about cryptocurrency as much as you can. Cryptocurrency is a very sensitive thing that doesn’t like weak hands.
Sometimes even watching a guy trade his money with whatsoever there is won't help you. Experiencing it first hand a big step for beginners. A tip that I can actually use in my trades are looking at the price of popular coins frequently and having a backup money incase the coin that you have been speculating shows some promise and invest as soon as possible.
we have a special article for that: https://www.b2bx.exchange/education/trading-tips/useful-tips-for-beginners/
The best tips in trading is a constant practice and a cold head, clear certain goals, the digital market dictates its conditions and sometimes very uncertain
I am a newbie to crypto field.I want to now some crypto trading tips.can you help me
For me it is also new to crypto, for beginners to invest money as well as your first step is to monitor market prices first. we note which coin we should buy so that we avoid the cutlose. and I think ethereum is a good investment for the next 1-2 years, considering that the current price of ethereum has dropped dramatically On tip: be familiar with these cryptocurrency trading terms: https://bitcointalksearch.org/topic/m.50024489
It's very helpful for newbie, they have to understand the basic term first prior to digging more information about on how to be successful in trading. Doing it with more research and slowly applying what you learn into practice is an effective method for long term success.
Right! Posting here the image for everyone's use.
On tip: be familiar with these cryptocurrency trading terms: https://bitcointalksearch.org/topic/m.50024489
It's very helpful for newbie, they have to understand the basic term first prior to digging more information about on how to be successful in trading. Doing it with more research and slowly applying what you learn into practice is an effective method for long term success.
Dont over trade and spend only maximum 8 hours aday, choose only good coin to trade, use stop loss and trailling stop, dont FOMO and greedy, trade only maximum 3 different coin at the same periode, should be have target profit in monthly, only trading in bullish trend and exit from the market if there are indication the trend will change to bearish.
Don't over trade, a lots of people forget about protecting their assets, thinking that chances to earned more each time they made every entry,not realizing that there's still possibilities that it can change directions, over trade can add stress when you failed to predict next movements,
stay with your plan and stop being greedy, learned from every experiences it will lead you to a much comfortable position.
Trading is a never ending battle grounds make sure to be fully equipped with knowledge before engaging yourself.
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