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Topic: trading tips and advice (Read 683 times)
can you beat the trading bots? if yes then go ahead and do what you described. it seems like really easy. buy when low and sell when high )))
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for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?
I will advise you on trading that you have to be very productive and have to trade in the market due to the upturn and downward trend. I believe you get success in this way.
in the trading, I myself have never implemented a system that is difficult. I just traded in accordance with market conditions only. and it is quite helpful to me during this time. We have to have a target, and wherever possible should be patient meets the target.
Advice to give is a thankless task. But for my part I will say that it is risky to trade with altcoins, and in order to minimize the risk, it is necessary to reduce your profit needs. I wish you all not to be greedy and be happy with 0.5% for one day of trading. Success will come slowly but surely.
If you want to trade , remember to start with a maximum of $ 10. To feel the market, learn how to use a lot of tools. Don't go in with a lot of money. Good luck to you!
for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?
Trading is like a chess game. You cannot predict one hundred percent accurately what steps your opponent will take. Likewise with trading. You will not be able to know exactly where the price will move even in the next hour. One of the causes of failure of novice traders is ignorance of the basis of good risk management. 
Trading cryptocurrencies is a big risk, especially if you are a beginner. I think the basic first rule is that you should trade the amount that you will not be afraid to lose.
In my opinion, the way that you applie including a good way. Meaning that while the trading you are doing is running then you are taking profits little by little. I only recommend that you trade to put trading capital in accordance with your capabilities. That means that according to this ability is not putting all your assets in trading but putting money that you can relate to when you experience losses. When you decide to trade then you must be prepared with the worst possible loss and lose all your capital. You have to think that far.
I don't seem to understand your point, what decision? about getting
into trading? well if yes then you must not waste time, study more
about market analysis and you'll get better!
into trading? well if yes then you must not waste time, study more
about market analysis and you'll get better!
I think your strategy is very precise, you invest in altcoins that have good value and have potential in the future, I also see you take into account the losses you will experience when choosing an altcoin, you have data and do research before investing, you are a very thorough person.
If you are completely new to trading, first just observe the coins in which you want to invest, see how they react to the news background by studying the basics of technical analysis and only after that go to the market with your money.
I think your strategy is very precise, you invest in altcoins that have good value and have potential in the future, I also see you take into account the losses you will experience when choosing an altcoin, you have data and do research before investing, you are a very thorough person.
Electronic money transactions are always high risk, so you should consider investing in this market offline!
for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?
You have made the right decision by taking profits. This is the best thing to do, and will still have a backup if something unexpected happens. this is really good.
At present, the wise choice in cryptocurrency is to play the hype cycle. Well, actually it might always be like that with a few exceptions like bitcoin and others. But nowadays, there are so many photos that are very easy to find new coins that have a pre-mining, semi-transparent and available (even what is not always needed) low / zero team, good sales. then, collect the coins by pow or by bounting and selling as soon as possible because that's what is happening right now.
I can say that if u trade not as professional and it's not ur job, trade only on funds that u can lost.
During the fall in prices, many advise to buy more increasing the number of coins, and then on sell on pump.
I will definitely recommend that if you want to trade in a daily basis try to make it with low quatities of money in order to reduce risks, the market is unpredictable and we don't know if you will get back your investment if the coin you are aiming for doesn't behave like you wanted.
actually if you are into trading, you must expect not only the winning situation but also thr lossing situation. If you trade do not use all of your asset or tokens. Just use a little because this trading business is just like a gambling sometimes we lost and sometimes we win.
In trading you should always put a goal. Be patience and don't exhaust yourself staring at the graph. Always set a stop loss and take profit on every trades you made. Many traders I've known use 1% for stop loss and 3% take profit in every trade. So even you loss in your recent trade you can recover on the next trade you made.
Therefore, there is the concept of money management. First, you need to understand where to put, which exit point and risks for different scenarios. And most importantly - when. The second point, therefore, the portfolio balance and not put all in one place. Well, the classic, diversification
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