Topic: Very important tips in digital currency trading (Read 875 times)

Another thing I would like to say, especially to newbies is to stop buying new coins. Yep, new coins can be very disappointing, most especially when they are not coming from a company that is well known. Take for example, coins like Facebook libra might be worth investing since the company is already popular and if it's a coin that is not stable you will be sure of it growing to a high price for sure.

But if it's all these coins that are popping out from nowhere, they shouldn't be where your money is going to because they are going to eat you up. There are still people that will tell you it's best to invest in cheap new coins, but the choice is up to you and experience is always the best teacher.

These are some nice and very basic tips and of course they will help the newbies understand a lot and will assist them to go step by step. Normally you can blindly invest in the best coins like Bitcoin that has been making news of crazy gains as well but this is not true about any other coin. But yeah, researching about the assets you are interested in can help you make good investment decision.

You give pretty good tips, it's good to add a way to read graphing or market analysis, so that beginners know the right time to enter the market. and added a time when traders had to out from the market.

It was great, I had a lot of failures because of the above reasons. When I was a new trader, I was often led by greed and always invested according to others. I just followed the instructions of the whales and it seemed that I was completely blind about my portfolio.
That's why I have very little profit but a lot of losses.
To become a good trader and manage your finances, we need to learn and read more.

Very well spoken. The challenge with newbies is that they see it as get rich quick scheme. Yes you can get the money quickly but it's at a level of professionalism which takes studying and research to get to. You need those tips for effective and efficient investing and how to safeguard your funds and investment. Never leave your funds on exchanges.

The points you mentioned above I think can represent many parties to be used as lessons before trading.  now in my opinion the most important thing is to learn coins before trading.  that's the most important thing and can make trading better

Good tips! Newbies need to know this things in order to help themselves make informed choices. I have seen them ask a lot of questions here on how to be good cryptocurrency traders. I think your tips would be helpful to them

It is very easy to make all of these mistakes when a person is following the hype. Unfortunately, mass media shares with us fake information about the "next cool gainer". Many people believe it, and buy tokens that turn to be shitcoins.

yes, so the fundamental details that must be known to see the future of a coin. and because I realize it is not professional, I trust assets in bitcoin. even though a small portion of my funds are placed on several altcoins to learn trading

just want to add something , if you mind to save some digital assets in longterm , dont put it on exchange , put in on something like blokchain etc

You need to be more involved not only with the market but extending to much wider range so you can get more ideas on how to project your assets, trading is not that easy it's needed time to assess and analyze then after that you also need a lots of patience improving your skills.

I used to have accounts in different exchanges trying to arbitrage of course (naive me). But then I found out that I spent a lot of time and effort logging in, recovering passwords and dealing with security notifications including news about all new alts listed on all these exchanges. I became a self support specialist for all these exchanges. And also keeping records of all the money you have at 5+ exchanges is pain in the ass. You just dont have time for trading with all this staff kept updated. Last but not least, when you search for a good trade you need to include all the exchanges you have money at in the scanner. So I ended up with Binance for alts, Bitfinex for grands, Bitmex for gambling

Here is two tips from my personal experience. Do not trade with leverage untill you are a stable trader without it. Never. You'll lose your head, calm and cryptos.
Do not trade at short timeframes such as 5 minutes or 15 minutes. This is the best way to get stressed and lose everything. Its like pornohub, once you begin watching you cant stop untill, well you no, go to zero at your account.

Tips can be used for everyone. But i am still newbie maybe never improved in trading even see a lot of tips. Until now my problem is how we can decide which coin that really good to buy, some coins that i bought always not good in progress.

the tips you mentioned above might help traders to better trade digital currencies. now there are still many traders who cannot master the crypto currency and finally when the low price will be hit by a dump, and that might make a loss.

As far I know, only beginners need tips because they are not professional but they have to feel free asking for tips, guidance and can communicate with professionals. Platforms like this are also providing them to get their problems solved. The most important tips in digital trading is to remain consistent because I have seen many newbies quit in the middle and start grumbling, they have no idea they have wrong strategies and treatment.

Question to the author about the second point: how can a novice find out what exactly is the minimum price now and is it time to buy? How he will understand that the coin will not be even cheaper? The most valuable advice is to learn the techniques of traders.

It's difficult to invest on crypto especially when the value always change constantly.
If you learn about theory, you will get nothing ( experience ) but if you also learning by doing , it's much better although sometimes you need some sacrifice on your capital

So far I have understood all the tips that you have provided and I thank you for reminding them. But there is one thing that I don't understand, which is how to determine the lowest point of a coin price? Maybe a lot of people here have the same problem as me, maybe you can share those tips with me.

I don't make these mistakes except the third one. The last thing I ever do is buy any coin that I know nothing about. Before I buy a coin I will do my best to study everything about it before I decide its the right time to invest in it. And I am not the type of person that invest in just one coin, I invest in various coins and I also don't trade on one platform or make use of one wallet, I make use of two of the best wallets and I also make use of two of the best exchanges, cause I don't really trust anyone that much, but I make sure that anyone I choose is very secured.

It is undoubtedly true that the three tactics you mentioned here will sure guarantee a trader of success when they practice it. People really too lazy to learn technical analysis which is why they fall victim of trade guessing.

I can tell you that 50 percent of traders don’t apply any technical analyses, most of them enter trade with emotion, and they believe that whatever steps they take at that moment will favor them, which they fail to accept the fact that the market they are trading is one that cannot be ever predicted and being manipulated by so many factors which only proper analysis can lead them to the right direction that will make their trade very fruitful.

That will make them get more panic because if their order buy cannot fill in that time, they will cancel and place the other buy in the other price places. That will too risky for them because they will buy at a high price, especially if there is a pump that is happening in the next minutes.

Besides that, it will cause more panic and stress if the price drops drastically after they bought the coins. They will decide to cut loss and sell the coin before the price is down too deep and they will buy again at a lower price. If you do like that, I think you will hard to make a profit because you want to make scalping trade, but you don't know the price to enter the traded.

Yes right, every trader has his own strategy and sometimes does not apply to other traders, I also feel this when I imitate someone's strategy but unfortunately the strategy fails even though the strategy is exactly the same.
Well here I started to study harder and get my own strategy, which fits my trade because everyone has a different way of trading.

It's true of your explanation. Sometimes many people panic when prices rise, they bravely dare to buy, and a few hours later the coin drops dramatically, and of course some people regret and cutloss.

Thank you for this tips mate. These are really important rules.

I can also suggest that we must learn the fundamental analysis of trading as well as the emotions during trading.
Much better if we have a knowledge reading the basic candlesticks, not just a buy low and sell high.
For long term investment, they must also do their own research if the token or coin has a potential.

Once again thank you, hoping they will notice your post.

Right.Never invest on the coins you have never made a research yet.You might only end up losing your money.And as much as possible never invest using your own savings or money from loans because crypto market is very volatile,the high price right now might suddenly goes down in just an hour.In short,learn to invest what you can afford to lose.

You're right. These are very important rules that everyone must follow. Always when trading you need to include your head, you are responsible for all your results.

It's just common sense. Don't invest more than what you can afford to loose. Simple
Also research well before buying any token
Never leave funds in Exchange irrespective of the exchange and what it promises you.

I personally have some doubts when I go to invest in any trading exchanges. I can see very few coins are always fluctuating in the exchange and exactly to say everyday market price is keep on changing.
Are those coins are good for investment?
I want to know how to handle the the indicators available on Binance site. Are those indicators are helpful to pick the good coin?

Maybe as long they can know price to buy without can understand bottom or high price and take profit, it already good. I always can't decide dip or peak of a coin. But when it pumped, usually i follow the stream. Buy some amount, and when it is increased again, i sell it.

 A trader needs to understand the price at bottom and a high price but what I think is a trader should become familiar with any market condition because it helps a lot. If a trader is not familiar with it then it hurts a lot. Always think to invest your money when the market price is at bottoms and always sell out when the market price of coin is at peaks. For many traders such as the current marketers are confused due to the FOMO factor.

Nice tip btw, OP but this was all a common knowledge here and every trader must have known it already. A lot of similar thread like this that I've read before and every trader must have their own unique strategy when trading since most of their trading technique doesn't really apply to most traders.

Which is often a problem, some people still do not understand the position of the price, whether it is already in the bottom or not yet.
While the others still said, "The price is still in the bottom" then this will become disaster to them.

Exactly, decision is the most critical because if you make a right decision then a big chance that you will win but if you happen to make a wrong move or decision, it can be very stressful depending on the damage that decision has made. Also I don't advise letting you feelings or emotion decide because it's not always right, make sure facts are your basis instead of intuition.

Learning is most important thing if anyone wants to make money in crypto trading. One example of this is that many people jumped and invested in crypto at the end of 2017 when bitcoin was near all time high. If they had learnt before, they would have known when is the right time of investment in bitcoins and altcoins.

The main reason actually we havee encountered mostly is our uncontrolled emotions in trading. Greed, panic or fomo should be controlled. Proper knowledge is always there when we are supposed to enter in any kind of trading. But self controlled emotions are hard to do in real life. Set goal, set stop loss, learning technical analysis. This may help a lot in our future trades.

Cryptocurrency is something that we can not touch or hold in hands, therefore still, even the most devoted traders and investors are afraid to lose everything. Panic in the crypto market happens often.

We all know that there is one prerequisite for the crypto market and that is knowledge about cryptocurrency and the market. It’s history and the way the crypto market works that is the cyclical understanding of crypto market. Having all these on one’s mind, one will never bother to struggle with his or her psychological reasoning. Red is followed by the green.

We easily fall into panic because we do more than our power, because of the big profit we intend to cash from one single coin, we cough out from our pocket what is far more than what we can afford not to have tension on, and dump it into the market, in the name of trying to cash a bigger fish.

We will continue to be in a panic state when market becomes red if we continue to invest capital that is more than our power or what we can afford to lose, no matter how promising the coin look, if we really want to invest without looking back till future, just put in money that we can let go off, then believe me, all these panic sell and tension will disappear.

This should not be a tip anymore but a mandatory for every investor.

It varies to the situation of the market. It may look high but could also be the lowest price. What might happen is you will be FOMO and would buy after a hike.

This goes back to number 2 factor. It will depend on the economy of crypto currencies. The quick sell could also save you from being zeroed at the end.

Put it in many basket as long as you can still handle it. There are situations where investors are getting confused into what is what. The price might get jumbled. Pick the best out of many.

Yeah that's its good tips, I also do the same. Do a reasearch before invest on cryptocurrency, try to buying at low price and sell it when price rise. First and second thing is a must do.

Having own strategy make us a better and chances of having more successful but also we need to know how to tackle when we face losses.People just wants to make profits but they are not getting prepared for it,just follow the steps of others will not make us unique and more successful than anyone.

Every trader should have an own set of rules flexible enough that specifies an entry, a probable maximum loss and funds management criteria.

Emotions do affects our cryptocurrencies trading but can we stay without been emotional especially when things are going on a contrary directions?  To me the best way to keep our emotions on check during trading is through skills and experience.

  The basic method we have to use before penetrating on trade is to study the articles and rules, to enhance our knowledge to create sensible strategy to deal the shortcoming of market and to avoid loses. And I think being wise is the most significant way to deal on trading and  it may lead a great thrive in return.

Follow the major trend and stop going against it, and use risk management correctly. If you're trying to go against whatever trend's in play you'll just lose money eventually, and if you're not setting stoplosses and manually closing trades you'll also lose eventually. Scale in and out of trades and set appropriate stop losses to lower risk, and don't let emotions get in the mix. Also remember you don't always have to be trading- if you don't see any good setups, wait till you see viable ones and try to get in. If you're forcing a trade you'll more often than not lose money on it.

Every situation will definitely require a different strategy. When we decide to trade then we must be able to make decisions quickly, usually the market is always changing at any time and therefore we must be able to make decisions when needed. A situation like this really depends on the abilities and experience we have, so practice your abilities and never give up to gain experience.

dont get emotionally attached to a bag

This is quite common and well-known tips, everyone knows them. But for a beginner it should be the most important rules without which there cant be a successful trade.

I find it quite fascinating how people still consider a red market to be negative. The subject is trading...... You can just as easily use the downtrend in your advantage to scoop up profits, because as long as you don't go against the trend, you're likely going to do well. The problem with people here is that they are bullish by nature, which only works against them.

2018 was a clear downtrend year, yet people kept betting against it hoping for a bull run to initiate. If you want to rekt yourself hard, then that's the right way to do it. 

Anyone who is trading  should always make proper research of whatever they want to trade and avoid investing in what they know nothing about ,you’re right about that op . And whenever we want to buy any coin we should know where to set our stop loss and know how much we can afford to lose and what target we have to make as a profit.

When you reach that target profit ,it’s good to leave it see if it continues to rise and at this time you will have to focus on the market to know when anything is going to happen, cause it might be at that time you take your focus out that something different is going to happen.

The most difficult thing is the psychological control when the market starts to appear red because it will be a time when you will be very difficult to calm down and easily fall into a state of panic. I think this rule is only applicable when the market shows signs of new growth and we will make a profit if we can calm down at all times. Of course these tips are useful but for me this is not the best advice because the bear market often brings surprises to everyone.

The last part of your sentence is the main key which I would also advise everyone to work towards and hold on to so tight, without any form of experience, trading digital currency will be a frustrating thing, so before we conclude that we are set to start live trade, we need to have gathered enough experiences.

There are so many way at which we can gather enough experiences before going into live trading and one of them would be to demo practice first, but before demo practicing, we need to have also gain much knowledge and learn strategies., these are what we will take to our demo practice to gain enough experience before starting the live trade.

It's really hard to trade and make profits if the market turns into sideways so better wait for a good timing to trade. Your tips are very helpful especially for newbies but the problem is putting them into actions which i think might be quite hard not just for newbies but even with those old traders.

It's really a good advice you have given to us here and I think the major problem is been able to keep those tip.  I do believe that majority of us know all this point you have listed but keeping them is the really problems with investments and trading.  For example it is impossible to keep trading when you know that the market is going against you and you are lose.

What cause many loss in trade its due to lack of proper reserach before trading a coin. Many people go in blindly at the end they end up lossing a significant amount of money which can be avoided by doing proper reserach before diving into any trade

Some might agree but some will not, traders always finding ways to take every opportunities,if they seen advantage using other exchange they use it and take the risk, but again it will be depends from traders mindset and how they see the benefits of things that will bring good potential profits to their assets.

most of the people who are doing cryptocurrency trading not having enough knowledge about what is trading they are just doing it has gambling to make profits by trying there luck but it is not going to work for them in long time one who want to do Crypto trading must have enough knowledge about it.

Thanks mate, you have very wonderful tips and I can see that you are a newbie and have not really taken time to study the bitcointalk forum carefully to see that most people in this forum have already gone past the stage of the advice and would need more deeper advise to continue being successful in their trading and investment.

Anyway, your tips are a reminder of where we are coming from in this cryptocurrency and how far we have gone, this tips will help us remember the beginning and continue to make us humble in our present crypto and trading life. I do pray that you don’t all a victim of your own advice yourself.

But after studying everything thoroughly, you would discover that the best investment is only Bitcoin. Maybe you can day trade shitcoins, but store of value is only Bitcoin.


What's your strategy? That depends. If it's a HODL-term investment, Bitcoin will be the best for you.


Then Bitcoin is for you, devaluation is welcome to give you an opportunity to buy more. It's the black hole that will suck all liquidity, and value during the coming Hyperbitcoinization.


Hahaha. No, DON'T HODL shitcoins, HODL Bitcoin.

That is the most basic knowledge that need to acknowledge by all traders, but that is only theory in the real world its not that simple, the market movement is really hard to predict and sometimes the trend could change in a fast phase, need to be patience to get the profit, and slowly build up your experience to become a better trader

Wrong timing, people dont get that. One thing is also noticeable, people dont understand that nobody knows where is the bottom and where is the top, you have a moment and you decide is it time to sell or to buy, but what people dont get it is that this shouldnt be done with all amount. Price raised, sell some, if price continue to rise you have more to sell, same way in other direction price dropped, buy some, but not all on the same price, in case price continues with downtrend buy some more.
For people who are new some programs that keep track of trades you made, or simply wrote on paper what you do is recommendable.

That is not a mistake, that is just wrong timing. The mistake is people entering the market to speculate when they haven't even learnt the basics of trading, have no sense of regular discipline, and have unrealistic expectations.

Educate yourself and discover the facts that most people who deposit money to trade lose. If someone in the market is winning, someone else is losing. Understand that well first.

Protection rules have been composed with blood. The statement may seem familiar to every soldier available. Even though we're not working with a threat to man life, sacrificing the costly Bitcoins of yours by making errors trading is certainly not an enjoyable situation.

And so, exactly how we are able to stay away from those errors in the trading of ours? How you can be generally on the eco-friendly side? For starters, it's crucial that you be aware that to trade right calls for interest as well as your one 100 % focus. Second, trading is targeted for specific people. The following suggestions are actually not hard to internalize as these suggestions were "written in blood" (the own personal blood) of mine. Nevertheless, it is nonetheless hard to use them in real time. All things considered, we're not logical human beings.

Use a reason just before entering each and every swap: Start a trade just if you understand the reason why you are beginning and also have an obvious approach for later.

Only some traders can make profits at trading, since this's a zero sum game (for everybody that gains another person loses on the additional side).The Altcoins market place is actually pushed by big whales (yes, exactly the same ones accountable for putting large blocks of a huge selection of Bitcoins on the purchase book). The whales are simply waiting patiently for innocent small fish like us to make some mistakes. Even in case you wish to exchange on a regular basis, at times it's more beneficial not to earn as well as do nothing, rather than pouncing into the rushing water and subjecting the coins of yours to losses. From the past experiences of mine, there are actually days where you simply keep the earnings of yours by not trading at most.

Goal and quit when launching a trade: For every trade we have to establish a definite goal amount for taking profit and even more important, a stop loss fitness level for cutting losses. A Stop loss is setting the amount of loss in which the swap will get shut.

Here once again, it's crucial thinking about a selection of elements when selecting a stop loss amount properly. Many traders fail whenever they fall in like with a trade or maybe the coin itself. They might point out, "Here it is going to turn around, and I'll get out of this particular swap with a minimum loss, I am sure". They are letting their ego take command of them and as opposed to the standard stock exchange where great day motions are believed to be 2 3 % for value, Crypto trades are actually a great deal much more riskier: from the life of mine as a trader I have viewed a coin dumping by eighty % only in a couple of hours! And no person really wants to be the person who's left holding it.


Satisfy FOMO (fear of skipping out): Indeed, it actually is not fun to find out these kinds of circumstances from the exterior - every time a particular coin is actually getting pumped up such as nuts with great two digit gains in mins.

That daring green candle yells for you "you are actually the only person not holding me". At precisely this point you are going to notice lame individuals flooding the Crypto forums and also the exchanges' Troll containers to chat relating to this pump. But what do we do today? Quite simple, Keep moving ahead. True, it is probable that a great many might have found the rise in front of us and this is able to do raising, but blank in mind that the whales (as talked about above) are simply waiting for minor customers on the way in which up to promote them the coins they purchased in cheaper prices. Costs are now high and it is apparent that the present coin holders just be made up of those small fish. Basically, the next phase is ordinarily the brilliant red candle which sells over the entire order guide.

Risk Management: small pig eats a great deal, huge pig gets consumed. This particular statement directs the story of the marketplace earnings from the perspective of ours. To become a profitable trader, you won't ever look for the good of the motion. You look for the little income which will build up into a huge one.

Manage risk sensibly across the portfolio of yours. For instance, you must never spend much more than small proportion of the portfolio of yours in a non liquid sector (very high risk). To those trades we are going to assign greater tolerance - the stop and goal quantities will be picked much from the purchasing amount.

The underlying asset produces volatile market conditions: Most Altcoins are actually traded based on the Bitcoin value.
Bitcoin is a volatile advantage (relative to This simple fact as well as fiat) must be looked at, particularly in the period if the Bitcoin great is moving sharply. Bitcoin as well as Altcoins provide an inverse relationship in the value of theirs, i.e. when the importance of Bitcoin increases then Altcoins are losing the Bitcoin value of theirs, and the other way round. When Bitcoin is actually volatile, the conditions of ours for trading are actually sort of foggy. Throughout fog we cannot see very much forward, therefore it's far better to possess good targets for the trades of ours or perhaps not to trade in any way.

Foggy Market
Foggy Market
Suggestions for trading Altcoins: Most Altcoins lose the value of theirs over time. They just bleed the worth of theirs away gradually (sometimes rapidly).
Remember this when holding Alts for long term and the moderate, and naturally pick them thoroughly. What sort of Alts are suggested for the long run? Remember, this's only if there's a reason behind creating a trade. The projects/coins which have a better day trading volume and that contain a prevalent society right behind them, with constant growth, are here to remain with us:

Ethereum ETH, DASH, Factom FCT, Monero XMR, are major coins and traded the most volume every day. You need to stick to the coin's chart and determine stable and low periods. This kind of periods will probably be a consolidation phase by the whales, when the perfect period comes, accompanied by an excellent media release of the task, the pump will begin and they'll promote in profit.

A term about public ICOs (crowd sales): Many different tasks opt to create a crowd sale exactly where they provide investors an early chance to purchase a share of the task (coins or tokens) in what's intended to become a great cost for the tokens.

The inspiration for the investors would be that the token will be traded from day 1 on the switches and would deliver a pleasant benefit to the ICO participants. Recently, there have been a lot of popular ICOs, both the task itself and particularly in measuring the yield for investors. Coins doubled, or perhaps tripled, the value of theirs and a lot more in relation to their worth on the crowd purchase. Augur's preliminary crowd sale (we found on it earlier here) yielded investors an extraordinary 1,000 % for the investment of theirs. Fine, but what is the catch here? Only some the tasks benefit the investors of theirs. Many ICOs proved to be total scams, not just were they not being traded at all but several tasks disappeared with the cash and we haven't learned from their website right up to our day.

Just how can you tellwill you be able to tell when you need to invest in an ICO? It is not related to science, it's essential to focus on the amount of seriousness of the task as well as the staff of its. Search for the project's site (does it look as a kid has created it during laptop school?), Who's the staff behind the project - Can they be hiding behind nicknames or perhaps proudly present themselves on the website of theirs? Take note of the Bitcointalk thread (does it exist for all?) and just how the workers react to specialized issues. Is there a big community behind the venture? Expect to notice a Slack gathering the town of its. Watch out the total amount raised: A task which had elevated way too small will most likely won't have the ability to acquire over time, a task which had raised substantial quantity - there will not be plenty of investors left out there to purchase coins on exchanges. And above all is risk control. By no means put all eggs in a single basket and spend far too much of the portfolio of yours in one ICO.

A last suggestion - practical measures to apply right away: Fees, costs, charges: Multiple trade steps = More costs. It is usually better to publish the command (maker) as well as never to purchase through the order guide (taker). Inside Poloniex exchange, the distinction is actually 0.1 % in favor of the developer. That is rather a bit.

Traders without any pressure: Do not begin trading until you've the perfect circumstances to come up with the determination to begin a trade & know how and when to go out of it. Pressure almost always produces losing trades. Hold out for the following opportunity, you are going to get there.
Establishing objectives and putting sell orders: generally set the goals of yours by placing sell orders. You do not understand when a whale is going to pump the coin of yours up to catch the command of yours (and spend a reduced rate on the "maker" aspect, remember?).
augur_selloff Augur Sell-off. Losing seventy five % in a single second and back up
A prosperous approach with regards to this's placing really low purchase orders. About a week ago an insane dump occurred, selling off Augor coin down to twenty five % of the value of its! Right after a little bit the market recovered somewhat and anybody that had very low purchase these minimal orders could immediately double or even triple the investment of theirs. Placing buy orders needs extra attention, do not wake up when you are far off from the marketplace to find the buy order of yours is all of a sudden greater compared to the present market price!

Purchase the rumor, promote the news. When major news web sites publish articles it's generally precisely the perfect time to truly get out of the swap.

You've created an excellent trade, but as always, the second you sold the coin of yours runs up once again! For starters, come across this fellow - Murphy's Law. Second, read over that which was written earlier here as well as never enter position once again under great pressure. So long as there's profit - you're okay. Go on to the next trade of yours and do not end up losing it.
Leave the ego of yours aside. The aim here's not in order to be directly on the trades of yours, but to create an income. Don't waste resources (money as well as time) to attempt to confirm that you should have been putting in that trade. Remember, there's no trader that have never loses, at least occassionally. The equation is actually simple - get the entire income to be higher compared to the overall losses.

Go Here

Right.But you cannot come up with a good analysis if you lack knowledge on a certain coin you invested.You should have a background check on that coin and know its dumping and pumping of its price so you will have ideas on the coin you are going to put your money in it.I usually buy at the dips after i have known that certain coin deeply.

So basically you are talking to newbie and noob here?because this is foolishness investing in currency or toke that you dont eve know what is all about
Nope never rely on the bottoming because sometimes this will lead you to being late for the train rides,better invest when the price is starting to grow
Right panicking is just here to bring us to failure so keep the faith and the toughness
What do you mean by this,.?sorry but i don’t understand
And do not also invest in single coin or tokens instead diversify them,and segregate in many wallets and exchanges

ever-changing prices will not make it easy for us to make decisions, all we need to do is try to make the best decision by doing various analyzes of the coins we have. A trader will be successful when the trader can analyze well.

Such smart, Much money!

This is really difficult, like catching knives? For me, it is much better just buy the dip, you can' predict exactly what's the lowest. Or you can also the averaging of your entry when you are buying the lowest level. Technical analysis is really important on this, like identifying the previous supports and resistances so you have an idea where to buy and sell.

It depends. In some cases people intentionally use multiple platforms for the sake of nothing having all their speculative funds sitting in one single exchange, because we all know what can happen with an exchange.

Instead of losing all your funds, you will only lose a third or fourth of your speculative funds. It still sucks of course to lose a chunk of your funds, but if you're using centralized exchanges anyway, then why not go ahead and spread the risks?

Major benefit to having funds in multiple exchanges is that it also allows you to exploit arbitrage opportunities. It's just a matter of logical thinking in my book. Better safe than sorry.

Happy and glad to seen people like you give quality time to make the guide for the beginning want to join in trading



Yes mate it's common tips but this tips is also useful for the people skills in trading because sometimes they forgot the basic ways as traders.

I don't think that relying on one exchange is just an option in order to secure your capital in trading. There a re a lot of legitimate exchange in crytpocurrency. All of them gives you an an advantage that may vary to each other; thus it's better to check them all for your own good.

Yes it will be safe if we stick with single platform because there are so many scammers as well, we will have to know the one who is giving us better project than other and the one that can be safe,. Scamming projects should not be invested, be a good trader and know new skills of trading so overcome you previous lose, try to stick with single project which is highly beneficial.

It might be common but some newbies might find it very useful. Those are good tips even if they are common, it will be new to somebody, let's encourage ourselves. Great job dude and thumb up for you.

Your tips are also very great mate, but picking on your first point, when it comes to trading, the best I do advise people is to just take Bitcoin has their major trading coin, because if you talk on research for trading, you will find out that one would have wasted a lot of time in researching on a coin before executing a trade, but this part becomes a very important part for a long term trade.

Like I explained earlier, if one is to also diversify, it will be more reliable to diversify into coins that one intend to hold for a very long term, at least, it gives more peace than diversifying into trading other coins that is other than BTC.

I don't think we have to use different trading platforms it will make the status of trades to be worse better choose the best of all and stick with it.

With you all other point agreed.

using lots of exchanges is a good idea also, sometimes arbitration can be done if there are quite a lot of different price margins in the market, and that will benefit to you. many traders still don't know about this, use a lot of markets so that your insight becomes wider..

At very least we can avoid losses but being caught into FOMO might changing our course into a bad situation. We can do our own TA but it could be have some basis and not just relying on the news but we take look straight into its currents trend. There is no accurate TA but at least we know how that certain coin moves.

In the tips we have different must follows depends on what we are thiking of what is good to yourself or suitable for you.
Other tips for sure are very helpful to the newbie and they must follow it but it depends to them if they follow the other tips because after I red some tips it different from mine but it's your choice and it's my choice to choose.

-A smart trader always DYOR and will not further buy a coin carelessly without studyig. This is oblivious and basic action of a typical trader.

How can a normal trader will know if the price of corresponding altcoins is at the lowest possible value? Seems like they do not know the technical and fundamental analysis while an expert and experienced trader knew about this.



There are times that we tend to fall for fuds and react with FOMO. But if we are using indicators and we trust our own TA, we can further avoid such panic.

Anyway, thank you for the tips. Still, these are the tips that a starter in trading should read to at least avoid loses.

Actually laugh on it when i do read up that common mistake of traders of buying high and selling low. 

Maybe this is just some mistake yet its somehow confusing sometimes on writing up Buying low and selling high.No dumb person would advise
to make other people lost their investments.About on the tips above on op,these are just the basic ones which had been discussed for a hundred
times already.

Any type of digital currency trading is definitely need to be handled by some experience trader because it will not be easily accessible with the hands using your knowledge only you can make it successful through your trading Experience so I think it will be easily and it using these tips given in this topic.

my opinion is don't follow any other strategies in your own trading because it will not suitable for you for a long time so making your own experience on strategy will always helpful in digital trading.

Very Important And Helpful Tips. It Is Also Very Helpful For Me . I am new Traders I Was Need Such Kinds Of Tips. Not Only Helpful Tips For New Traders But Also Helpful Tips For All Traders. Thanks A Lot. Hope I will Get More Tips In Future.

don't be panic in any situation of the market because if you are panic then all your previous talks about trading will be collapse then making their survival here is it difficult for every investors so this point is most important for trading

Very detailed and informative this can help newbies and even us to trade well because some of them are still in doubt about trading but it was helpful to gain more information, you need to be responsible and put some effort on learning about it because we all know that trading is not easy it takes a lot of time to earn profit but it is worth it. Watching videos and reading articles can also help you to do trading. These are the things we need to know because it is really important so we can avoid regretting because we miss some chance and opportunities.

The world is developing a lot and we use different types of strategies to improve our trading techniques but sometimes any type of things where going to the flow it will not been successful so that option is always helpful for us to make the success in creating we need to be guided by the experience people then only I will be successful

This are the things that you must learn first before trading. Before trading, you must make sure that you are really aware where you are putting your money-in. Any investment or anything that involves money needs to be studied and researched first before getting engaged.

Being too emotional in trading will only make things worst. Always make a back up plan and plan ahead before starting to trade. This way you can avoid panic and making bad decisions.

Diversify your investment, do not put all your eggs in one basket. This way you can avoid risk of losing everything and you can have a wide range of opportunity to manage  risk.

You have a good tip and guide for new traders but I didn't see anything like invest or take a risk that your account can bear or even emotion. This is important to avoid taking much risk and regretting later .

Personally speaking it is very hard to figure out the Exact price of Low can high. It is always a range that we figure from where the price may change the direction and it is always a prediction not necessary that the price will change the direction.

So the better advice would be having stop loss even after setting bets based on the analysis.

You posted on a wrong thread mate. It should be on the trading discussion section which is obviously stated in your topic. But anyways, the most difficult part of trading is controlling your emotions. All of your decisions are affected by what you feel and decisions is very critical in terms of trading.

Is this a mistake or sarcasm? 

Anyway, Buying on rumors and selling on the news is my strategy. I have made a fair amount of profit using this. To do this you have to be updated on crypto market news, telegram channels, youtube videos and anywhere you can get up to date pieces of information on the current markets.

I am agree with your good advice.It will help to ordinary person who is coming  fast in this trading section.

I do believe someone that has started know these basic steps but it is good information for anyone seeking advice on trading.

Buy LOW and SELL high is the oldest advice in the world and this should be common knowledge to the most inexperienced trader out there. The ability to spot the LOW and HIGH price comes from proper research and ignoring FUD that is spread on social media and news platforms.

My advice would be to keep calm when the price are dropping rapidly, because Bitcoin and Crypto currencies are VERY volatile and SELL only a small portion of your total coins when the price increased with more than 50%  

This would be the worst tip ever LOL 
Only dumb people will follow above tip "Buy High and Sell Low", as it is just like people will donate his money to others without knowing the person who receive the donation.
Nice joke by the way

These tips that you shared are common knowledge and nothing new in my opinion, but good effort nonetheless op. The best tip that you can give anyone in the cryptocurrency market is:

Buy High and Sell Low -> No more tension!

Great tips!

First - As a trader you don’t buy coins easily because you have to timing the market and its good to study first before you trade.

Second - trader don’t have to buy on always cheap price usually you buy because the chart says it and that’s better i bellieve.

Third - Traders should set aside their emotion, panicking is not good and you must stick with your cut loss level and profit taking level.

Fourth - traders and investors should diversify, that’s the firsrt rule in this market i think. Trader also need to study more coins to maximize the potential of the market.

Fifth - Different exchanges and different coins, so I agree to have more exchanges than to use only one.

1st this topic is a trading related discussion, move this thread to Trading Discussion.

The fourth one, it is applicable to majority of altcoins but if you will do this to bitcoin, I don't see any problem doing that with it. Although it is a good suggestion to diversify but you must know where you are diversifying. You haven't mentioned the popular tip of 'invest what you afford to lose'.

These are some important tips in the area of ​​currency trading

I hope you benefit beginners in this area

First: Do not invest in any currency before studying it thoroughly and searching for it in depth

Second: you should always buy at the lowest possible price try to buy the currency when it decreases
To the lowest levels and avoid buying on the rise or when it is at the top of the rise
They may go down at any moment and dramatically

Third: Avoid panic when the currency devaluation and do not rush to sell it because it may return
To rise again you must be very patient during trading

Fourth: Do not buy one currency with all the head of the owner, this is very dangerous, which fall
The currency will result in your loss of everything you own or a large percentage of your money

Fifth: Do not rely on a single trading platform and put all your money, but must

To rely on a range of platforms known worldwide