Topic: Trading Tricks For Newbies (Read 22508 times)
Well, there are some tips that may help you to trade better and get more profit. Sure, nothing can replace research and practice, but some it doesn't mean that you can't use some tools that make it easier. And actually, there is one tool that may help you in doing your homework. Not so long ago I discovered CEX Info Bot, https://t.me/CexIoInfoBot, and find it a good instrument that monitors the situation on the market and how coins price is changing. I think it may serve as a good assistant while researching, and both a signal of when it's time (and when it is not) to enter the market.
I don't think there are tricks that will help you to become successful trader, Bitcoin is not an easy money like some think. But there are some rules you need to follow. Buy low and sell high, be always present on the market and don't expect unreal profit, be always prepared for dump and don't invest more than you can afford to lose.
I don't think that there'is secrets how you can become successful trader. Follow the trading signals, don't trust unverified sources in order to not get into pump&dump scheme and do your market reserach. Also don't forget to use stop loss method.
Another thing to be considered is the volatility of the cryptos.
If you are a trader, better look out for the sudden price changes since if you do not know about that and you just dive head first, you will regret that and you might even blame Bitcoin for that. Also, not because it is volatile means it has a higher possibility of earning quickly, it dont work like that. It has its risks and if you are not ready to take risks, better not invest or trade.
I don’t think there is any rocket science when it comes to trading. I won’t really call this as a trick but more of a way to work. I use Trading Tool, which is more than enough to help with getting results in my favor. If we try to do anything unnecessarily, it’s just meant to trouble us to no end. So this is where it’s such a vital part for one to focus on getting these things worked right to benefit from.
There is no tricks in trading, you trade for profit, you decide when to buy, when to sell, where is the trick in that? Finding the right time for one of this two actions is not a trick, it`s matter of research and your analytic skills. Trick is not even in the right coin, you can trade with any coin, most of them fluctuate a lot, just some coins need more time for recover, others do that faster.
Being patient is not a trick, it`s how you build strong character, and in trading sometimes it`s better to wait for a while than to rush into stupid trades and lose money.
The only trick that I can associate to trading is simply strategy, that is the main key to having a successful trade and also following the rules of trading such as not being greedy, leveraging reasonably, but for strategy, we must be able to have a very strong technical skill and be able to analyses charts t the fullest, if we are able to analyze chart, then we will be able to always successful study the direction of any coin that has volume and has real use case. Being patient is not a trick, it`s how you build strong character, and in trading sometimes it`s better to wait for a while than to rush into stupid trades and lose money.
I actually agree with you that there is no trick because trick only works for markets that you can crack and can individually manipulate, but trading cannot be manipulated, it is the result of what you trade that you get, so trick actually has not meaning in this regards but your skills alone does.
To make it simple, price is dropping you are buying, bitcoin price always bounce back and make new top. When it goes up you are selling. You don`t need to make any analyses, you don`t need to follow rules, you need to set up order for buying or selling and just wait for it to happen. And if you are not greedy with your buy/sell order than your orders will be executed in some time for sure.
Everyone should have some strategy, I always advise people to make their own. Read what others have to say, but in the end do what you think it`s the best, and keep it simple!
There is no tricks in trading, you trade for profit, you decide when to buy, when to sell, where is the trick in that? Finding the right time for one of this two actions is not a trick, it`s matter of research and your analytic skills. Trick is not even in the right coin, you can trade with any coin, most of them fluctuate a lot, just some coins need more time for recover, others do that faster.
Being patient is not a trick, it`s how you build strong character, and in trading sometimes it`s better to wait for a while than to rush into stupid trades and lose money.
The only trick that I can associate to trading is simply strategy, that is the main key to having a successful trade and also following the rules of trading such as not being greedy, leveraging reasonably, but for strategy, we must be able to have a very strong technical skill and be able to analyses charts t the fullest, if we are able to analyze chart, then we will be able to always successful study the direction of any coin that has volume and has real use case. Being patient is not a trick, it`s how you build strong character, and in trading sometimes it`s better to wait for a while than to rush into stupid trades and lose money.
I actually agree with you that there is no trick because trick only works for markets that you can crack and can individually manipulate, but trading cannot be manipulated, it is the result of what you trade that you get, so trick actually has not meaning in this regards but your skills alone does.
I guess the trick is about you can analyze each coin at the market, and if you can found more than 3 potential coins, then I think you found a hidden gem that will give you a big profit. But with the situations of the market today, I guess that you will feel difficult to find the right coin to trade because sometimes the market tricks us and make us buy the wrong coins. We need to analyze deeper for each coin to find that hidden gem so we can buy the coin at a low price, which is not many of the altcoins can be the right coins.
I think because everything has been done by pro and new tram riders, which is important in running the world of digital trading that anticipates losses that may occur at any time, because the market is moving so fast and unpredictable, for beginners like me it is very important to learn a lot about things this...
There is no tricks in trading, you trade for profit, you decide when to buy, when to sell, where is the trick in that? Finding the right time for one of this two actions is not a trick, it`s matter of research and your analytic skills. Trick is not even in the right coin, you can trade with any coin, most of them fluctuate a lot, just some coins need more time for recover, others do that faster.
Being patient is not a trick, it`s how you build strong character, and in trading sometimes it`s better to wait for a while than to rush into stupid trades and lose money.
Being patient is not a trick, it`s how you build strong character, and in trading sometimes it`s better to wait for a while than to rush into stupid trades and lose money.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
50 $ is enough for a beginner, this is needed to avoid greater losses. after several parts are understood and get profit there is a right time to add more capital.
that is the normal strategy of any trader. you sell high and buy low. you should also know how to do technical analysis because it matters alot in trading. the basic steps are needed and emotional reactions which faces any trader must be curtailed. you can't be a pro in trading if you failed to deal with some certain ideologies of treading. whether you are new or old.
You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it.
That is not good if you want to earn on a daily basis. On that strategy you just become a long term trader. I've done it before and I just sold at loss because I needed some money that time for some emergency. I won't even suggest that strategy to newbies.
So most of the times, I have to wait without using stop loss, till the market recovers for me to continue from that spot, but meanwhile, it is not that I am quitting the market then, as the market dip, then I still trade by buying some new coin at that point to take advantage of the current fluctuation by then, so to me, it is not as risky as you think, it is juts the strategy that works from people.
Honestly speaking, the best thing for us to do is to learn well and execute what we learned, as it’s kind of stuff to lead us to positive results. If we suggest others short cuts or tricks, it could work temporary but in longer run it will not be beneficial for anyone at all. So this is the reason why I am absolutely for getting proper Crypto Knowledge, as it is then the way we will be able to get the results we want to get and that consistently as well.
On point 3, how do you suggest when is the "best time" to buy more?
Keep an eye on market on daily basis, keep in touch with crypto news channel. The best time to buy altcoins or bitcoins is when bitcoin market is down. When the market is down list some coins which has potential to grow and wait for the right time! It all depends on your research and luck definitely!!
Makes sense but there is no really TA to you method. what do you do if it keeps dipping,
You have asked a very good question. One challenge that we traders have is that we don't seem to watch or take care of the sudden cases of when our plan to profit comes crashing to losses.
On point 3, how do you suggest when is the "best time" to buy more?
Also, what do you do if you finish up buying 3 times but it keeps on dipping
?
Also, what do you do if you finish up buying 3 times but it keeps on dipping
? 
Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it.
That is not good if you want to earn on a daily basis. On that strategy you just become a long term trader. I've done it before and I just sold at loss because I needed some money that time for some emergency. I won't even suggest that strategy to newbies.
reading books for newbies is much recommended but many wont do it they want short cuts and to make money , even i read many books there they explain problems and situations correctly in a proper way but reading a single line tricks will be effective
Reading in general is essential, the more one reads the more that person is in the know and the more confidence such person has when trading.Reading everything that comes your way as pertaining to your area of interest is one habit that guarantees success.
Read threads on the forum, read books, cryptocurrency journals, trading methods and what have you, just keep reading till you no longer exist, the individual who reads most is mostly the most knowledgeable and more likely the one the market would favor.
Reading is good in all aspects, but without practice, the knowledge will not work. Only trading (for the newbies, the sums can be small) will give you the best understanding of the market. You can make mistakes, but these will be YOUR lessons to pay attention to them. When you read about somebody's experience and mistakes, you do not care about it much and miss information.
Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it.
reading books for newbies is much recommended but many wont do it they want short cuts and to make money , even i read many books there they explain problems and situations correctly in a proper way but reading a single line tricks will be effective
Reading in general is essential, the more one reads the more that person is in the know and the more confidence such person has when trading.Reading everything that comes your way as pertaining to your area of interest is one habit that guarantees success.
Read threads on the forum, read books, cryptocurrency journals, trading methods and what have you, just keep reading till you no longer exist, the individual who reads most is mostly the most knowledgeable and more likely the one the market would favor.
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