Topic: Trading Tips for Beginners - page 2. (Read 1000 times)
You can read a tons of great insightful articles here on BitcoinTalk forum. On the threads dedicated to cryptotrading and etc.
My tips:
1. See the project or coins you wanna invest then analyse them
2. If available, do bounty campains to get free tokens. It's easy to do and nothing to lose, except tine.
3. If must pay money to invest, see the future of the market then buy
This is even a very important thing for everyone in the space either as an investor (short or long term) or as a trader. Altcoins when traded well can actually give huge profits, but like I said, when traded well, and the problem also comes because they can be highly volatile which makes the possibility of also losing a lot there.1. See the project or coins you wanna invest then analyse them
2. If available, do bounty campains to get free tokens. It's easy to do and nothing to lose, except tine.
3. If must pay money to invest, see the future of the market then buy
Every trader must know how to follow market trend in trading at any point of times as that simply helps a whole lot. If we deviate from the market trend then finding successful trades are becoming too hard. Whenever we will be sticking within trend then we can easily make good profits.
Don't invest in the crypto currency all the savings or take out loans, which, sooner or later, will have to be paid back. Trading the last money can be too risky . Take into account that hasty decisions will lead to inevitable losses.
It's only about the time, if you start faster, you will learn faster and know what trading is. The main technique maybe just want to give you advice to invest in bitcoin or another top coin that lead you to long term investment. You can start by invest on bitcoin. If you known what trading is, then you can try what daily trading is slowly.
Starting faster in trading may actually make you to rush out faster if care is not taken. You should take your time to learn if you know you really want to trade and do not get involved with the mentality that if you can quickly start trading and gaining some experience you will get good quickly. Even after learning, it is needed to start small, get good at what you do and then see if you can go in a little bit bigger. Trading requires patience in getting good at, and those who rush always do not get to tell a good story. Well, those selected coins really went good when the green market happen end of last year, the coins which really grows a lots and bring patience investors a huge profits, your story might inspire newbies but I just wanted to give some thoughts that it's not always be like that, we can buy and follow
coins that we think that can be successful after some time, just need to make sure about the project usage and the developers intention for the future of
the project.,
It is one thing to be lucky trading an uptrend while buying dip but what the OP has shared is more of a long term trade and never mentioned any strategy except looking for undervalued coins.coins that we think that can be successful after some time, just need to make sure about the project usage and the developers intention for the future of
the project.,
Sometimes, a coin can stay undervalued or over sold for a long period of time, and keep going lower as the case may be most especially with this high volatile market for mostly altcoins, and you really want to know exactly what you are doing as a trader and how well you have planned you entry and exit and stop losses even before entering a position.
I`m be rich with ETrader_Bot for Satoshi Nakamoto: https://www.bitcointalk.org/ETrader-Bot-Best-Software-For-Trading/ . You can be rich to.
Yes, indeed they will help, because the peolpe think that trading can be only when you repeat a cycle of buy/sell 100 times per day
Please help me spread the importance of learning the Analysis in the market,
newbies should start mastering the three types of market analysis,
Technical Analysis
Fundamental Analysis
Sentimental Analysis
Start by watching free tutorials in youtube.
newbies should start mastering the three types of market analysis,
Technical Analysis
Fundamental Analysis
Sentimental Analysis
Start by watching free tutorials in youtube.
The coin of any kind that you will start to do the most important trading activity is you must be more selective in choosing coins that have good potential for trading. so I mean you should do some research first before starting trading activity other than that of course you should start with small amount so your risk will not be too big.
In order to make your trading absolute we need to apply the rules in the light of guiding principles which will make our way straight and safe. On the other hand if we do not obey the guiding principles and rules we will face with difficulties and bad situations, now be safe and continue trading with Bitcoin as it is the most valuable one and the most responsive one. OP, it's very good that you diversified your portfolio, a lot people tend to focus on one or two coins which is very bad because you may loose all your invested money if not careful.
I agree holding is a good strategy but you need to be careful which coins you hold. How about telling us about some of the coins you held and went bust? This will be a good eye opener for many newbies.
Focusing on a coin does not really make you stupid; it just depends on what you can handle at once. Some people really cannot monitor a lot of coins at the same time and they try as much as possible to limit the number. However, for someone who may actually be a trend follower, it makes it easy to be able to diversify your folio and be able to manage as much as you can as possible. Holding is a good strategy though, only if you have been able to buy at a historical dip of any coin but not when there is a possibility of room for the coin to go lower.I agree holding is a good strategy but you need to be careful which coins you hold. How about telling us about some of the coins you held and went bust? This will be a good eye opener for many newbies.
What altcoins you bought this year and what loss they have already brought to you, tell us, it's interesting for beginners.
In as much as this your method sounds inspiring for the newbies, it is important to note that this approach or practice in crypto trading totally lacked any professional experience or analysis as it was all based on luck and not based on any study of the price indication or technical analysis and so the result will vary considerably, except there was but you didn't indicate that on your writing. There are several occasions where this method would lead to serious losses or otherwise keep the trader in the market for several months before he could even see his capital back. Everyone should know that there is always fluctuations in cryptocurrency prices that can affect your trade in the same way.
I wish most of the newbies will know this. It is funny that with this kind of OP, a lot of people always feel it is just as easy and simple as it sounds but there are so many things to look out for when buying into a market and what to look out for, when planning to get out of the market, but it is just funny that a lot of people do not get that, but they just believe that buy low, sell high will usually do the trick until they lose a lot and they start consoling themselves with getting patient.
Sure, here you are:
1. Trading day look at chart 1h.
2. Trading week look at chart 4h.
3. Trading month look at chart 1d.
Roll your hand and order at chart 15M and 30M.
Happy and safe trading!
1. Trading day look at chart 1h.
2. Trading week look at chart 4h.
3. Trading month look at chart 1d.
Roll your hand and order at chart 15M and 30M.
Happy and safe trading!
Typically, the volatility of the crypto currency is calculated within a specific period, as in the example above. The period can be any - week, month, year. But for a period of less than a month, few expect it, because during, say, a week the rate can only grow or fall. On the basis of monthly volatility, one can already draw conclusions, but more often volatility is taken for forecasting or trading strategies in a few months or a year.
Hello Everyone
I'd like to share some trading tips for beginners.
When I start investing on cryptocurrencies I only use few dollars.First time I have invested 0.008btc (6400ETN)on Electroneum ICO.And when electroneum gets listed on cryptopia I sell my ETN at 0.00001200sat each ( 0.0768BTC) My money was doubled many times over.So after I sold my 6400ETN at 0.0768BTC I bought some undervalued coins like XLM,XVG,XBY,DGB.I diversify my porffolio for each of them.So far I have earn a lot from these coins multiples times.I bought XLM at 300sats,XBY at 250sats,XVG at 200sats and DGB at 150sats.See much profit I get now.But I'll suggests it's safer for beginners to hodl.Buy and Hodl.I hope my tips could help for beginners.
Thank You,
____________
qmclak
Thanks for your useful advice. I will always remember your help and hope that in the future I will make a lot of money. I will try to keep the psychology to hold the coin longer I'd like to share some trading tips for beginners.
When I start investing on cryptocurrencies I only use few dollars.First time I have invested 0.008btc (6400ETN)on Electroneum ICO.And when electroneum gets listed on cryptopia I sell my ETN at 0.00001200sat each ( 0.0768BTC) My money was doubled many times over.So after I sold my 6400ETN at 0.0768BTC I bought some undervalued coins like XLM,XVG,XBY,DGB.I diversify my porffolio for each of them.So far I have earn a lot from these coins multiples times.I bought XLM at 300sats,XBY at 250sats,XVG at 200sats and DGB at 150sats.See much profit I get now.But I'll suggests it's safer for beginners to hodl.Buy and Hodl.I hope my tips could help for beginners.
Thank You,
____________
qmclak
This post is very helpful tool to those people will tried to trade from beginners,this basic idea will also planned to apply basically if we have enough capital for them,but buying in lowest price of some altcoin when price are cheap, we need also to conduct own research regarding to your bet-coin probably to their status,price,and value in the market circulation,aside from that learning is basically required before taking action and trade to cryptoland,,
Thank you for presenting a beautiful theme first. I am also a new trader, some days I exchange bitcoin and other currency. I liked your method. I will try to follow it.
and if my input you make for a good trade it for beginners buy cheap coin altcoin and you wait for the coin goes up you will also be able to understand how to trade good too. because most beginners are at a loss of lust in buying coins with a very expensive price .. and most importantly it has much to learn and learnIt is one thing to buy cheap altcoin based on the short term retracement and it is another thing to know when to make quick decisions like stop loss in the market. I always advise any new trader to stick with longer time frames when they are just starting but still with some pretty good knowledge to be able to form a good strategy that can work for them.
Nice trading idea. ICOs are said to be not good of late, but if one can make a good research into the market he might end up with a good ICO which in few months will double or triple his profit after the project get enlisted.
In trading, the beginners are required to have good knowledge about the technology and about the market. Also the information of long term and short term investment is very important because many Bitcoin billionaires have been long term investors. Besides, the ability to evaluate a good coin from the market and the decision making power whether to hold or sell has been crucial in the profit maximization quest.having knowledge of tech and market is much needed but don't think that is enough to start trading you must practice well and learn how to handle when the market goes red. controlling your greediness is most important in trading and you should be patience.
For beginners, the best tips is to buy and hold. Day trading is for experienced traders who know much about the system. For beginners, the best to do is hold coins for a very good price then sell it.
It's only about the time, if you start faster, you will learn faster and know what trading is. The main technique maybe just want to give you advice to invest in bitcoin or another top coin that lead you to long term investment. You can start by invest on bitcoin. If you known what trading is, then you can try what daily trading is slowly.
That is right, it is a matter of time and how we are going to let our self do trading, we just need to make it a habit to learn new things especially in it, if not then we would be having a hard time doing trading at all, so before investing we need to invest time first. You need to take it easy and not start giving yourself the idea that you want to start getting rich immediately, otherwise, you will be making grave mistake. Take your time, practice what you have learned with small or no real fund, and make sure you are good and ready.
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