Topic: >>> Trading tips for newbi<<< (Read 1627 times)
everyone may have their own way and expertise to trade do not ever think you will always have luck,
Hello guys this is my suggestion for newbie who wants to trade, I'm not an expert but hope this would help you 
1. Find a known and good reputation exchange. Example: Poloniex at Bittrex. Why?
A. There are many exchange sites that has many pump & dump coins
B. These kind of exchange have a high standard of accepting coins
C. They have huge volume so trades are moving constantly
2. Find and search about the coin you want to buy. Example: bitcoin, ltc, eth, etc.
A. Pick old coins that still exists and active to date
B. High Market Capitalization
C. High Volume in exchange
D. Original concepts and active developers
3. Do not buy at the peak price
A. Check the daily or weekly details of its high and low trades
B. Now the saying "Buy low and Sell High" will took place
C. If possible, buy while it still have negative change status if you know the trending will go up
4. Try not to invest in one coin
A. You need to have alternative coin in trading so that your investment will not be stucked while waiting for uptrend
5. Do not be swayed easily by trolls
A. Do Your Own Research ok
Thank you! It helps a lot the newbies. I will go to the buy low sell high mindset. Well, actually even we think of that several times and we think that its easy to do. It won't happen, sometimes you will think that the market is dying. If you bought for 600 sats during the reversal and thinking that the market will continues, you will gonna hold it or sell when it move down to 500 sats. Some newbies will never do the buy low sell high because of market pressure specially if you can't see when you will gonna enter. 1. Find a known and good reputation exchange. Example: Poloniex at Bittrex. Why?
A. There are many exchange sites that has many pump & dump coins
B. These kind of exchange have a high standard of accepting coins
C. They have huge volume so trades are moving constantly
2. Find and search about the coin you want to buy. Example: bitcoin, ltc, eth, etc.
A. Pick old coins that still exists and active to date
B. High Market Capitalization
C. High Volume in exchange
D. Original concepts and active developers
3. Do not buy at the peak price
A. Check the daily or weekly details of its high and low trades
B. Now the saying "Buy low and Sell High" will took place
C. If possible, buy while it still have negative change status if you know the trending will go up
4. Try not to invest in one coin
A. You need to have alternative coin in trading so that your investment will not be stucked while waiting for uptrend
5. Do not be swayed easily by trolls
A. Do Your Own Research ok
This was first posted in 2017, so yes there are some that needs to be updated for you. For example it is quite important that you should not trade at some of the exchanges listed, they are not bad but they are not great anymore neither. For example, binance is much better than any of them right now. Also we are not at a bull run right now, I mean we are but we are not at a bull run, at least we are not at a bull run that was like the previous 2017 one, we are in a small one.
This is why I highly anticipate that bitcoin will be decent but not going to be like 2017 at all. Obviously at 2017 on November or so we weren't that high, didn't even crossed 10k at the time, then suddenly! we were around 20k so we can't really know if it will be like that but I think it would be close.
This is why I highly anticipate that bitcoin will be decent but not going to be like 2017 at all. Obviously at 2017 on November or so we weren't that high, didn't even crossed 10k at the time, then suddenly! we were around 20k so we can't really know if it will be like that but I think it would be close.
Everyone has their own way of trading and analyzing the market and sometimes the market cannot be determined solely by relying on graphics and information in the project.
You have a good list here on what newbies should follow. Pump and dump is good to avoid, though a lot of people tends to go towards it because they are looking for quick profit, but it’s not all of them that are lucky when they start investing in coins that are pumped and dumped on exchanges.
They can be unlucky and invest at a time the token has gotten to the top at that moment and is about to go down; this has not happened to me but I have seen people that have experienced it. I have seen tokens that will increase big and before I know it, some of them within one month or so, they will crash to a small price. You won’t be able to tell when the prices will be going down.
They can be unlucky and invest at a time the token has gotten to the top at that moment and is about to go down; this has not happened to me but I have seen people that have experienced it. I have seen tokens that will increase big and before I know it, some of them within one month or so, they will crash to a small price. You won’t be able to tell when the prices will be going down.
there may be less please tell a friend because I am also a beginner as well
There are such some strategies and updating some site that Bitcoin waves how it moves daily you can also learn how it goes start from searching and learn the market how it moves so you can start to trade and avoid to loss.
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I think its only happen when you buy the top rank coin .I think that this selection way of trading can increase our profit ratio .It also makes secured platform to invest .If it happen loss there, easily can get profit from other coin.So we should choose the top rank coin to trade .most of them are fooled by the chart on the screen of exchange without first analyzing the chart. when they see the graph changing, especially on exchanges that often fake volume, they will make bad decisions. I am not a professional trader but I prefer to trade on only 3 or 4 exchanges that have real trading volumes so I can decide what is the best [buy or sell].
There are several important factors that must be answered in addition to the above tips if we want to choose coins for long trading or coin holding systems
1. INTERNAL FACTORS
Internal factors are factors that come from within the project, such as: Team and Products
2. FAKE TEAM
The Team Factor greatly influences the initial description of a project, the better the team that is in a project, the higher the trust in the community, especially the team that is part of the project is a very famous person and has undoubted experience.
3. FAKE PRODUCTS
Consumers of a product from producers, it is due to the use value that will be contacted by consumers of the goods they buy, as well as Project Products in the world of Cryptocurrency. The more useful a product that is produced by a project, the higher the level of interest of people (potential customers) to the project, which will have an impact on the community trust that I have mentioned in the "FACTOR TEAM" point.
4. EXTERNAL FACTORS
External factors are factors that come from outside the project, namely the Community
5. COMMUNITY FACTORS
If it is drawn to the most basic thing in a project in the world of Cryptocurrency, then it is not the internal factor that is the most influential, it is precisely this external factor that clearly determines it.
Mate you have bumped a very old thread which is like 3 years old. I don't mind useful threads but I mean this thread again has some basic advice for which there are more than 50 threads already so I don't know if you un-intentionally bumped it or actually wanted to add some useful information.1. INTERNAL FACTORS
Internal factors are factors that come from within the project, such as: Team and Products
2. FAKE TEAM
The Team Factor greatly influences the initial description of a project, the better the team that is in a project, the higher the trust in the community, especially the team that is part of the project is a very famous person and has undoubted experience.
3. FAKE PRODUCTS
Consumers of a product from producers, it is due to the use value that will be contacted by consumers of the goods they buy, as well as Project Products in the world of Cryptocurrency. The more useful a product that is produced by a project, the higher the level of interest of people (potential customers) to the project, which will have an impact on the community trust that I have mentioned in the "FACTOR TEAM" point.
4. EXTERNAL FACTORS
External factors are factors that come from outside the project, namely the Community
5. COMMUNITY FACTORS
If it is drawn to the most basic thing in a project in the world of Cryptocurrency, then it is not the internal factor that is the most influential, it is precisely this external factor that clearly determines it.
I agree with most of your points though and indeed team defines a lot about the project because the team is the one who will have to work behind the project and no matter how much hype is created and what kid of ICO they hold but at the end of this all they should have the intentions of working and making the said project work.
I wonder why there are so many threads on tips for newbie but not a single thread that combines them all.
Nice to see that you have gathered many suggestion .Hopefully it will help who are new in trading . My trading strategy is so simple to buy in deep and research the latest news well and do my trade .I always do trade on top coin and Top exchanges as well .
Trading on top exchanges helps making sure that what you earn and deposit is easily withdrawable but using known exchanges cannot help in profit though because it is you who has to take decisions which coins to buy and sell and when.My simple tip is to buy when the price drops and sell when you get a small profit.
That is what most of us are doing and I think this although simple but is the best strategy in the market right now because the altcoins market is so bearish that you cannot expect much in terms of profit in long term and some coins don't even last months long. Altcoins trading had a golden age when ICOs first came but now with so many scam projects and fake teams, whitepapers and even fake intentions it is nearly impossible to detect them.
In buying and selling coins, apart from paying attention to market conditions and internal and external factors, we also really need patience and strong confidence in determining the coins we buy.
I think its only happen when you buy the top rank coin .I think that this selection way of trading can increase our profit ratio .It also makes secured platform to invest .If it happen loss there, easily can get profit from other coin.So we should choose the top rank coin to trade .In buying and selling coins, apart from paying attention to market conditions and internal and external factors, we also really need patience and strong confidence in determining the coins we buy.
I think its only happen when you buy the top rank coin .I think that this selection way of trading can increase our profit ratio .It also makes secured platform to invest .If it happen loss there, easily can get profit from other coin.So we should choose the top rank coin to trade .
In buying and selling coins, apart from paying attention to market conditions and internal and external factors, we also really need patience and strong confidence in determining the coins we buy.
I think its only happen when you buy the top rank coin .I think that this selection way of trading can increase our profit ratio .It also makes secured platform to invest .If it happen loss there, easily can get profit from other coin.So we should choose the top rank coin to trade .
Poloniex is not so good near to me(personal opinion), last year I faced a lot of problem at Poloniex exchange. after that I stoped using poloneix.
maybe they are fine now but instead of poloniex exchange, Binance is is better to mine. It has good volume, best support system, nice interface, huge coin listed and many more.at one account you can do spot trade, margin trade and future trade also. I am a regular user of binance and not yet found any critical issue with this exchange. you can also use kucoin for new altcoin trade, they list most of the new project at there exchange and volume is also good (although they got hacked a few days ago,but customer fund are safe)
maybe they are fine now but instead of poloniex exchange, Binance is is better to mine. It has good volume, best support system, nice interface, huge coin listed and many more.at one account you can do spot trade, margin trade and future trade also. I am a regular user of binance and not yet found any critical issue with this exchange. you can also use kucoin for new altcoin trade, they list most of the new project at there exchange and volume is also good (although they got hacked a few days ago,but customer fund are safe)
The best business tips for beginners are to invest and hold on. The risk is much lower. Binance is a very good place but before that due to having a good personal trading plan and proper use you will learn money management techniques to be able to make a profit. Also analyze the market to see how many transactions you want to make in one day how much money you want to make from each trade to reach the goal of daily profit. The amount of capital you need to minimize the maximum amount of possible losses before closing the business.
if you are nwbie then right now the best trading analysis for free on here bitcointalk use it
most accurate free analysis.
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most accurate free analysis.
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It looks like a great thread. Solid tips for the new traders. I would like to add something about 'Forex Copier'. How much do you know about this one? In my short period of using experience I found it very informative and solid. Besides, Forex Copier has some other advantageous as well.
+ By using Forex Copier you can easily manage multiple mt4/mt5 accounts. Besides, you can sell your signals to other traders, diversify brokers, minimize commissions etc.
+ The better advantage is that Forex Copier supports MT5 in addition to MT4.
+ Forex Coper has more than 10 years of experience on the market and there is no issues while copying signals.
+ The better news is that Forex Copier is available both for local and remote versions.
+ It is cheaper than other competitors (It sells lifetime subscription, while others - monthly/annual) and it has other promotion campaigns with huge discounts. It sells local copier for 149$ and remote copier for 349$.
To know more about Forex Copier visit https://forexcopier.com/
+ By using Forex Copier you can easily manage multiple mt4/mt5 accounts. Besides, you can sell your signals to other traders, diversify brokers, minimize commissions etc.
+ The better advantage is that Forex Copier supports MT5 in addition to MT4.
+ Forex Coper has more than 10 years of experience on the market and there is no issues while copying signals.
+ The better news is that Forex Copier is available both for local and remote versions.
+ It is cheaper than other competitors (It sells lifetime subscription, while others - monthly/annual) and it has other promotion campaigns with huge discounts. It sells local copier for 149$ and remote copier for 349$.
To know more about Forex Copier visit https://forexcopier.com/
We also have to choose a place for a good trade exchange so that we can quickly get profits without taking a long time, Binance exchange, Kucoin Huobi Okex and bibox I recommend for your trade and a little
My simple tip is to buy when the price drops and sell when you get a small profit.
and next you have to stay relaxed don't panic when prices are down
It's always best to buy low and sell high. Even if the profit is not that big, it's better to sell your coin than holding it for long and end up regretting because the price suddenly goes down. But sometimes losing is inevitable, so we need to stay calm and better get ready for another trading activity. One mistake will definitely leave us a lesson to be more vigilant the next time around. My simple tip is to buy when the price drops and sell when you get a small profit.
and next you have to stay relaxed don't panic when prices are down
Quote
4A. You need to have alternative coin in trading so that your investment will not be stucked while waiting for uptrend
This can mean being hasty in the market. As a newbie, if you try to always stay in the market maybe with another coin as the above suggest, you can end up in losing everything. So taking it easy and allow to watch how your first trade is interacting with market forces will help you not to repeat same mistake again.
In buying and selling coins, apart from paying attention to market conditions and internal and external factors, we also really need patience and strong confidence in determining the coins we buy.
External factor could make you lost with your moment, although have made good analyze and looking good chart for buying but an external factor could make bitcoin suddenly dump, did you see when Donald Trump announce positive covid 19? bitcoin price is good and have potential to higher price but after this announcement make bitcoin crash to lower price and almost altcoin allow to dump, you have check internal and external factor before buy or invest with some coin project, 
In buying and selling coins, apart from paying attention to market conditions and internal and external factors, we also really need patience and strong confidence in determining the coins we buy.
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