tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite
Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.
Topic: Trading Tricks For Newbies - page 2. (Read 22543 times)
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.
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I keep on reading this "wait for the dip" but for those who are new in trading with zero knowledge in technical analysis, its going to be hard for them to tell its the dip or not. Its much better if we all encourage new traders to learn how use tools such as RSI, Parabolic SAR and Bolinger Bands to help them decide when to buy, sell or hold.
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I keep on reading this "wait for the dip" but for those who are new in trading with zero knowledge in technical analysis, its going to be hard for them to tell its the dip or not. Its much better if we all encourage new traders to learn how use tools such as RSI, Parabolic SAR and Bolinger Bands to help them decide when to buy, sell or hold.
tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite
I guessed that the OP might have put an improper wording onto his post because what he is talking about is not some kind of tips and tricks that isn't useful its actually a strategy that a lot of traders use to maximize their current capital and its called shorting. In shorting people estimate where the prices will fall and sell near it so as before the prices will drop they can profit from it on its current high and after that when the prices have bottomed out that is when they will start buying again at a cheaper price which means they'll only get a bigger amount without adding more cash onto their trades where they will profit from it in another bull run.
Yes, this is a good strategy, but it is difficult to guess the right time to buy. The price can go even lower and then your funds will be frozen and you will have to wait some more time to sell the coin with a profit. Well, the main thing is not to be greedy and do not miss the moment of sale.
tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite
The fastest and easiest way to succeed in trading is just to learn and develop your own personal strategy and skill, if you can develop your strategy and skill, then it would be easy for anyone to easilytrade without having to rely on those tricks. I don’t even like tricks same as I don’t like signals because they end up killing the growth of such user in learning how to trade. Any one that wishes to trade really need to master such trade environment first and know everything about, it is only lazy set of people that usually look for tricks ad signals, I have seen so many people that are even working and even with their work, they still trade using technical and fundamental analysis, and I asked how they even manage to gather such training and experience with their work.
tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite
Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into a trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.
tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite
Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into a trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite
Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.
For newbies on trading, it was best to spend your time first on reading about the basic knowledge you should have to start trading.
First, trading is the quickest way to earn big profits, wow, you get excited. Second, it was also the fastest way to get bankrupt.
In my own opinion, after you have learned about trading basis, you should study to control your emotion.
First, trading is the quickest way to earn big profits, wow, you get excited. Second, it was also the fastest way to get bankrupt.
In my own opinion, after you have learned about trading basis, you should study to control your emotion.
I suggest for newbie trader must know about average. You should spent maximal 30% from ur modal. And the left money for buying on low price.
The most important advice for newbie trader is don't be Greedy.
You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."
Like they will hear, eve professional traders when it comes to greed are still guilty of this, just that the level of their own greed is not as much as that of newbies, no matter how much you shout it loud, greed cannot naturally leave traders just by hearing, except they practice it, it backfires for them, and then they learn from their mistake, that is when they too can understand what greed is all about and how bad it can destroy a trade when applied to it.You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."
Anyway, the little advice you have here is way to go for those that would listen, because this is one of the things that is needed to out in place for any trader to really be successful in their trading. Trading is really not as difficult as many people think, it is just the inability to manage the risk in it that makes it look quite too difficult.
My personal rule in trading is don't be too greedy because it can minimize your ptofit! The best option is to do market research and calculate the best time for enter and exit point.
The most important advice for newbie trader is don't be Greedy.
You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."
Like they will hear, eve professional traders when it comes to greed are still guilty of this, just that the level of their own greed is not as much as that of newbies, no matter how much you shout it loud, greed cannot naturally leave traders just by hearing, except they practice it, it backfires for them, and then they learn from their mistake, that is when they too can understand what greed is all about and how bad it can destroy a trade when applied to it.You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."
Anyway, the little advice you have here is way to go for those that would listen, because this is one of the things that is needed to out in place for any trader to really be successful in their trading. Trading is really not as difficult as many people think, it is just the inability to manage the risk in it that makes it look quite too difficult.
The most important advice for newbie trader is don't be Greedy.
You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."
You should take into account all the possible risks and don't allow yourself to trade with such amount of money that you can't afford to lose.
As i read on Monfex "To start with, you should first set some conditions for your trades, based on your trading style. These conditions should inform when you go long or go short, when you enter or exit positions and what technical indicators inform your decisions. The more specific your conditions are, the easier it will be to not only follow through and implement your trading plan, but also to gauge and evaluate its effectiveness moving forward."
I found this analysis by "Monfex". They suggest "If the price falls close to the support from $9,400 - $9,300 BUY at $9,300 and SELL at $9,650" what you guys think?
I would also advise you not to buy one coin. It is necessary to distribute the risks. Select for yourself several projects, invest in them. Some will give a profit, and some losses
Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, 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.
However, many of the coins that don't move much are shitcoins. They don't go upward direction even there is a bull market. So the number may only works several times. If a newbie want to enter in the market. He should anticipate all the top 100 CMC coins and buy it during bear season. After that, he needs to wait for the bull run to come. 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$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.
So 3 part trading is best thing.
Here are some tricks if you are new to crypto world.
For me i found it good to use 3 part trading trick.
1. Suppose you have total budget of 900$, 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.
However, many of the coins that don't move much are shitcoins. They don't go upward direction even there is a bull market. So the number may only works several times. If a newbie want to enter in the market. He should anticipate all the top 100 CMC coins and buy it during bear season. After that, he needs to wait for the bull run to come. 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.
Identifying when the market has reached the bottom for one to buy at a cheaper price is the most difficult aspect of trading in crypto currency this is because anything can happen and if one can identify that aspect then such a person should not be referred to as a newbie in crypto currency trading market but rather an expert trader.
there is a saturation period where coins have very low volumes with almost stable average movements, we can see at 4h/1d /4d and beginners can see patterns from previous days, if there is little movement and return to lower as often as possible, that's where it can be analyzed as a base price and can be bought for further capital, no need to buy back for the previous order. 
The tricks that we followed is very very important because without any strategy or tricks we cannot move forward in a proper way the chain saying go with proper trick it will helpful for you to get successful very quickly and easily.
Learned from my mistake in trading, firstly we have to understand how to use stop loss and trailling stop in crypto exchange because this is the most important to cut the loss from wrong trade and to lock profit when the price going up. Buy only 2 different coin at the sametines to make easy to handle it.
At the start of my trading I didn't know how stoploss worked but later I realized that using stoploss is a must for trading these days. Without stoploss its always risky to trade as bitcoin pump or dump makes the altcoin dump badly.
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