For a novice trader, first of all, it is necessary to develop a tolerance to stressful situations. This requires experience. As for the cryptocurrency market, when trading on it you are especially at risk of losing your deposit. Although in general, technical analysis works on liquid cryptocurrencies.
Topic: Trading Tips for Traders here - page 2. (Read 1267 times)
We are all saw many trading tips and analyse in regularly. But it is totally different from crypto trading, so we must active and monitor the each and every status of current market. I think right know is red But we are all saw good growing on last week. So further investment is little complicated to predict the every day. I hope we must active on telegram groups and Bitcointalk, because these are enough make profit on crypto platform.
It's good to hear trading tips that have been given by others. But my advice is only for our consideration in make decisions,
the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.
That's right, other people's opinions are a benchmark for our view of trade. We can conclude and unite all the opinions of others with our own decisions, which means we must not be other people, different people different ways of trading and different backgrounds. Apart from all that, it does not mean we ignore the opinions of others, because what they suggest I am sure from experience. And that's where our considerations determine the decisions we make.the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.
I love gaining knowledge and that is what makes me gain some profits by deploying various trading strategies. You would learn a lot of humans who already have gained experience because you are the ones who are able to gain that experience for free from those traders which you should never miss. Humans can teach you everything so never forget that and always tend to gain as much knowledge as possible.
It's good to hear trading tips that have been given by others. But my advice is only for our consideration in make decisions,
the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.
That's right, other people's opinions are a benchmark for our view of trade. We can conclude and unite all the opinions of others with our own decisions, which means we must not be other people, different people different ways of trading and different backgrounds. Apart from all that, it does not mean we ignore the opinions of others, because what they suggest I am sure from experience. And that's where our considerations determine the decisions we make. the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.
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.
As a trader, we shouldn't stop learning about everything here. Let us always be an empty cup as much as we can, always gain knowledge, and learn to choose the best among the advise that you will here from different opinion of the community here in the forum as well. And remember that experience is the best teacher to all of us here too.
Welcoming new ideas is somewhat great and something in need just to further enhance our capabilities and knowledge but we have to stick into some ideas that it means a lot to us and we feel its effectiveness. A lot of new ideas coming and we can't accommodate them all for sure that is why we need to choose the best one that we ever think is right. Yes, having more trading experience is better but we need to acquire some theories to fully understand and become a successful trader. These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
And that is one of the problematics with day trading, day trading is not only very hard to begin with many people want to day trade cryptocurrencies which as we know are many times more volatile than almost anything that you can find in any other market.Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
And that is a real problem even a coin as big as bitcoin can lose a significant percentage of its value in just a matter of minutes and if at that time you are using margin trading to try to improve your profits and you do not have a stoploss then your account is going to be wiped out.
A day trader sustain losses just for a few days but a long term trader will most likely have to endure losses for months or even a year and many people do not really have to discipline to keep trading their system when they have suffered so many losses in the past.
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.
Unfortunately, nothing works for new traders except their own experience and the lessons learned from it. I mean to say whatever you had experienced in your early days may not be an effective lesson for all other traders. Most people here are not ready to learn from this forum but must be learning from their own mistakes; it means no one is ready to learn for free of cost. 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.
Still, I must appreciate your efforts for opening this discussion because it must be useful for some people who are with relatively less experience but looking for learning from others rather than learning from committing mistakes on their own.
As a trader, we shouldn't stop learning about everything here. Let us always be an empty cup as much as we can, always gain knowledge, and learn to choose the best among the advise that you will here from different opinion of the community here in the forum as well. And remember that experience is the best teacher to all of us here too.
It's good to hear trading tips that have been given by others. But my advice is only for our consideration in make decisions,
the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.
the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.
For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.
Then you just hold or trade it? There is something different from holding and trading. But I could suggest that you just hold it rather than planning to engage in trading since you don't know everything about this. The most common failure of traders is because they don't know what they are actually doing. Thinking trading is a simple job, definitely are wrong coz it gonna be tough especially during the bear season. That is why, if you don't know anything, better not to try until you are preferred everything.
If they want to learn in trading then, therefore, they have time also to listen to us and don't ignore what experts say. I'm not an expert, thought but base on my experience, you won't go far if we don't know anything about a certain thing we would like to do.
Be vigilant about the advice the other one offers you, just trust yourself and it's going to be all right. If you follow the advice of the other self-proclaimed gurus, there are times you will lose money. False information is available throughout the internet, so be cautious about the tips of the others. If you're still following the others ' advice, make sure it can help you and it won't get you down.
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.
These tips serve as our guidelines in our trading decision making. We can use it as our guide but definitely the last decision lies on ourselves. These guides are just general rules and the experience we encounter are the most comfortable tips to help you all the way.
For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.
Then you just hold or trade it? There is something different from holding and trading. But I could suggest that you just hold it rather than planning to engage in trading since you don't know everything about this. The most common failure of traders is because they don't know what they are actually doing. Thinking trading is a simple job, definitely are wrong coz it gonna be tough especially during the bear season. That is why, if you don't know anything, better not to try until you are preferred everything.
For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.
Then you just hold or trade it? There is something different from holding and trading. But I could suggest that you just hold it rather than planning to engage in trading since you don't know everything about this. The most common failure of traders is because they don't know what they are actually doing. Thinking trading is a simple job, definitely are wrong coz it gonna be tough especially during the bear season. That is why, if you don't know anything, better not to try until you are preferred everything.
For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.
These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
And that is one of the problematics with day trading, day trading is not only very hard to begin with many people want to day trade cryptocurrencies which as we know are many times more volatile than almost anything that you can find in any other market.Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
And that is a real problem even a coin as big as bitcoin can lose a significant percentage of its value in just a matter of minutes and if at that time you are using margin trading to try to improve your profits and you do not have a stoploss then your account is going to be wiped out.
These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
And that is one of the problematics with day trading, day trading is not only very hard to begin with many people want to day trade cryptocurrencies which as we know are many times more volatile than almost anything that you can find in any other market.Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.
And that is a real problem even a coin as big as bitcoin can lose a significant percentage of its value in just a matter of minutes and if at that time you are using margin trading to try to improve your profits and you do not have a stoploss then your account is going to be wiped out.
Let me give you some tips to post trading tips
2. Many people post basic tips. If you want to contribute something then post something valuable.
3. Always mention the target audience. Eg: Crypto traders, Stock traders or Forex traders
knowing tips and implementing those in trading is way different , when trading in live markets no one will think about tips and rules implementing rules requires discipline 2. Many people post basic tips. If you want to contribute something then post something valuable.
3. Always mention the target audience. Eg: Crypto traders, Stock traders or Forex traders
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