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Topic: Trading Tips for Traders here (Read 1184 times)

sr. member
Activity: 1624
Merit: 267
February 01, 2020, 10:49:28 AM
Better to be specific next time when you ging tips for the traders so they understand it easily.
Many traders here are sharing their knowledge about trading and they giving more information with specific details.
But even that thank you for sharing and I hope you apply what we suggest for you to do.
full member
Activity: 938
Merit: 105
January 31, 2020, 10:08:19 PM
The best tip is invest what you can only afford to lose and as much as possible learn the basics i know its not that difficult however many newbies in trading are on trading because of easy and fast profit which will not going to work especially without having any knowledge of the basic when to sell and when to buy in the most possible price levels
when investing indeed we must be of the view that it is willing to lose or get a loss. because every investment we will not always get a profit, and if you keep thinking profit then you will not know the limits and can create new risks when investing. so we also have to be mentally trained when we have to interact.
The sad truth is that the common instinct why people come to crypto trading/investment is just because they'll have in their mind to earn and gain quickly and never think a time to lose either. That is why some of them never appreciate crypto after having a bad experience or because of the losses they get from their stupid instinct.
It is not difficult to understand the market situation but most difficult to tell someone that never accepts mistakes. One thing important in trading is that we have to learn and accept our mistake and by that, we are able to correct what we have been doing wrong.
full member
Activity: 1204
Merit: 104
January 31, 2020, 03:44:06 PM
In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.
This can definitely have a good effect on newbies since they will be learning first hand about how the exchange in which they want to trade is going to work and they are not going to make mistakes when faced with the same situation when they are actually trading with real money.

Keeping records is a great idea as well as you will understand why you did what you did back then and you will correct your mistakes, the only bad thing about demo accounts is that you will never feel the anguish of having a losing trade and until you know that and how you react to it you are never going to know if you are going to be a good trader.
Indeed, you are right about the Demo accounts, but nevertheless, I want to say that it is precisely during the period when the beginner is trying to understand the first basics of cryptocurrency trading that the Demo account will come in handy, and in the future it will be nice to practice with a small capital in real trading.  I am also just starting to learn, and for me the feeling of reality is very important, because very often I am constrained by the fear of losing my money.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
January 30, 2020, 02:06:30 AM
In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.
This can definitely have a good effect on newbies since they will be learning first hand about how the exchange in which they want to trade is going to work and they are not going to make mistakes when faced with the same situation when they are actually trading with real money.
but first they must learn which exchange is legit because even how good we teach newbies to trade but they don't know what exchange is really all about then the chance of being failure is there.
Keeping records is a great idea as well as you will understand why you did what you did back then and you will correct your mistakes, the only bad thing about demo accounts is that you will never feel the anguish of having a losing trade and until you know that and how you react to it you are never going to know if you are going to be a good trader.
there are some online sites now that offers some jobs easily like EL TORO and other companies in which trying to help us trade easily and reliable ,but i never had a chance using them maybe in future as i am still studying their offers.
full member
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
January 30, 2020, 01:59:28 AM
You should have indicated trading tips for newbies i think this is too general for a trader also I thought it was your personal experience or maybe a summary of what you've read but unfortunately it's one of the users who will post an external link here just to create a topic.

Next time try creating a thread with a real trading tips such as how reading the market, tip indicators that it will go bullish or bearish, something like that.

didn't say that this is not a tips but more on general information I think (I didn't say that no one will benefit from here) but most commonly most of us knew this already.



It seems he mentioned that those tips are for traders in general and not into cryptocurrency alone and he also mentioned that it was for the youngsters/newbies to learn. Hence, those tips are indeed for newbies and traders. So don't look for something that doesn't even exists in his thread.

I think you can give several advice for bitcoin or altcoin trader but most important you guide them how to get salary to start trading with bitcoin and altcoin, after they get much money you can give the advice how to be success with trading in bitcoin or altcoin, did you have solution with my opinion above?

I advice that you must understand the market first. Cryptomarket is infact very different from Forex trading, the fluctuation is fast and the price can be affected by a lot of external factors. But before that, tell yourself what trader are you? are you a short-term trader or a long-term trader? Short-term are those who trades daily while long-term prefers holding coins for years then sells it.
hero member
Activity: 2702
Merit: 704
January 29, 2020, 03:10:27 PM
In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.
This can definitely have a good effect on newbies since they will be learning first hand about how the exchange in which they want to trade is going to work and they are not going to make mistakes when faced with the same situation when they are actually trading with real money.

Keeping records is a great idea as well as you will understand why you did what you did back then and you will correct your mistakes, the only bad thing about demo accounts is that you will never feel the anguish of having a losing trade and until you know that and how you react to it you are never going to know if you are going to be a good trader.
sr. member
Activity: 626
Merit: 250
January 25, 2020, 10:14:54 AM
The best tip is invest what you can only afford to lose and as much as possible learn the basics i know its not that difficult however many newbies in trading are on trading because of easy and fast profit which will not going to work especially without having any knowledge of the basic when to sell and when to buy in the most possible price levels
when investing indeed we must be of the view that it is willing to lose or get a loss. because every investment we will not always get a profit, and if you keep thinking profit then you will not know the limits and can create new risks when investing. so we also have to be mentally trained when we have to interact.
sr. member
Activity: 2044
Merit: 461
Contact me in Telegram: @JperryC
January 25, 2020, 09:29:56 AM
You should have indicated trading tips for newbies i think this is too general for a trader also I thought it was your personal experience or maybe a summary of what you've read but unfortunately it's one of the users who will post an external link here just to create a topic.

Next time try creating a thread with a real trading tips such as how reading the market, tip indicators that it will go bullish or bearish, something like that.

didn't say that this is not a tips but more on general information I think (I didn't say that no one will benefit from here) but most commonly most of us knew this already.

hero member
Activity: 1820
Merit: 537
January 25, 2020, 06:39:23 AM
The best tip is invest what you can only afford to lose and as much as possible learn the basics i know its not that difficult however many newbies in trading are on trading because of easy and fast profit which will not going to work especially without having any knowledge of the basic when to sell and when to buy in the most possible price levels
hero member
Activity: 1204
Merit: 596
When life gets hard BUY Bitcoin!
January 25, 2020, 03:48:11 AM
I think you can give several advice for bitcoin or altcoin trader but most important you guide them how to get salary to start trading with bitcoin and altcoin, after they get much money you can give the advice how to be success with trading in bitcoin or altcoin, did you have solution with my opinion above?
Now that bounty is no longer profitable unlike before we need to really invest our salary in real job to start trading.  I think it's fine to do it now to atleast really care and be contiovs on where to spend and invest our hand earned money.
sr. member
Activity: 1638
Merit: 278
January 25, 2020, 03:41:37 AM
Before you begin read, I am not an expert nor am I here to turn anyone into professional. So the basic aim is to just add some sense that I was lacking when I started my trading career.

So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.
Most of the tips mentioned in that source as common ones. Traders can not really depend on those tips in order to start their trading(here, by traders I mean newly joined traders).

Any individual who wants to start his/her trading career really needs to spend most of their time in learning about trading before they could start with it. It includes, studying and analyzing TA, compiling graphs with various strategies and patterns, etc. Once you gain basic information about such phenomenons than you can move onto paper trading or demo trading which would give you more detailed information about the markets and also you would be able to personally experience the flaws in the markets.
sr. member
Activity: 742
Merit: 397
January 25, 2020, 01:06:26 AM
#99
In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.
Demo trading is always a basic start for the newly joined traders. Even for us who have gained experience, demo trading can teach us a lot new things. Anytime I land up in loss, I move onto demo trading and keep on practicing trading until I find profits in the markets again which would then make me shift to real trading again.

I have made this as my routine so that any time I face loss, I learn something new about the markets. Most of the new traders make mistake by joining the markets with minimum knowledge. What they think is reading such tips as given by OP makes them pro and they can bear some profits only by reading these tips. It never is the case. You need to have immense knowledge if you want to find profits in the trading markets.
Knowledge is the greatest capital that a trader could have. It will help the trader to achieve big trades in the market. Most of the traders I know are greedy because they just buy bitcoin and just jump straight to the market without studying the basics of the market like support and resistance and patterns. Like what you said, I also suggested to them to do paper trading or demo trading to avoid losses because it is free and you will learn a lot by back testing.
sr. member
Activity: 1288
Merit: 253
January 24, 2020, 02:39:33 PM
#98
I think you can give several advice for bitcoin or altcoin trader but most important you guide them how to get salary to start trading with bitcoin and altcoin, after they get much money you can give the advice how to be success with trading in bitcoin or altcoin, did you have solution with my opinion above?
IHF
newbie
Activity: 23
Merit: 1
January 24, 2020, 01:36:51 PM
#97
1. develope the right mindest for trading
2. learn the true principles of successful trading
3. search for a reliable strategy that fits your personality and overall ressources
3. try it out with demo
4. train with low budget
5. scale it up step by step and get familiar with the risk
6. always be open minded and learn from your own experience
7. enjoy the merits...

 Wink
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
January 24, 2020, 01:09:01 PM
#96
In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.
Demo trading is always a basic start for the newly joined traders. Even for us who have gained experience, demo trading can teach us a lot new things. Anytime I land up in loss, I move onto demo trading and keep on practicing trading until I find profits in the markets again which would then make me shift to real trading again.

I have made this as my routine so that any time I face loss, I learn something new about the markets. Most of the new traders make mistake by joining the markets with minimum knowledge. What they think is reading such tips as given by OP makes them pro and they can bear some profits only by reading these tips. It never is the case. You need to have immense knowledge if you want to find profits in the trading markets.
sr. member
Activity: 952
Merit: 251
January 24, 2020, 01:01:25 PM
#95
We must familiar first in the movement of the market and also understand the basics. We should know about the signs of reversal and of course the support and resistance. Those both have important factor where it serves as foundation of technical analysis, if we will not master those both we will have a hard time in using technical analysis. The basics are the one we should master first before we improve our trading skills.
Learning the basic is the most important thing, we should know the effective way to trade and it will help us a lot. We need to gain knowledge in every trade that we are going too. Every coin we trade has a different pattern in the market as soon as we understand the pattern we can also do some arbitraging and make some little profits day by day.
In all kind of trading its really important to have proper knowledge about it and to work hard for improving your trading skills. Market will fluctuate but you will not lose hope but just move accordingly and at first you should trade for long term it helps avoid silly mistakes and get proper profit from trading. Patience matters a lot in trading.
full member
Activity: 798
Merit: 104
January 24, 2020, 09:42:52 AM
#94
There are many tips that have been said as guide for beginners but sometimes committing mistakes is inevitable especially if you're just beginning with your trading career.

What I can say is dont rush things you'll definitely learn everything as time passes and through your experience on each trades. Dont use huge capital as well if you're unsure of what you do, its fine to begin with small amount just to experience the actual trade.

You have a point dude! Also agree with your opinion rushing can cause losing all your funds theres a lot of trading tutorials and tips in the internet but the question is how can you apply to your self or in real trading? If you want to learn trading you need tobe patient and dont be greed.
hero member
Activity: 2912
Merit: 629
January 24, 2020, 07:52:08 AM
#93
There are many tips that have been said as guide for beginners but sometimes committing mistakes is inevitable especially if you're just beginning with your trading career.

What I can say is dont rush things you'll definitely learn everything as time passes and through your experience on each trades. Dont use huge capital as well if you're unsure of what you do, its fine to begin with small amount just to experience the actual trade.
newbie
Activity: 7
Merit: 0
January 24, 2020, 07:44:55 AM
#92
Buy when its Rekt
Sell when its mooning
Always DYOR
Read some TA from the other traders
Have a solid trading strategy
HODL!
hero member
Activity: 1372
Merit: 564
January 24, 2020, 07:40:57 AM
#91
We must familiar first in the movement of the market and also understand the basics. We should know about the signs of reversal and of course the support and resistance. Those both have important factor where it serves as foundation of technical analysis, if we will not master those both we will have a hard time in using technical analysis. The basics are the one we should master first before we improve our trading skills.
Learning the basic is the most important thing, we should know the effective way to trade and it will help us a lot. We need to gain knowledge in every trade that we are going too. Every coin we trade has a different pattern in the market as soon as we understand the pattern we can also do some arbitraging and make some little profits day by day.
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