according to me, you should be sharpen your market analyze, beside that you must keep your psycholgy so that keep calm and cool.
to earning much profit you must confident with your strategy dont make fomo and fud
Topic: what advice? - page 9. (Read 1196 times)
Just learn how the market behaves lately. Do you need to sell at high right now, as it is really in demand now or is it time to raise your capital yet before going to the real business? Like it is both opportunity and threat that you will be taking as you start your trading. You're gonna loss in your start and I guarantee it unless you have that good background before you get inside the trading. Use a trusted exchange site that doesn't have a severe issues due to hacks recently, but still be careful of putting your money into the exchange site as you're still not fully protected into it.
Risk is everyone that needs to be done here, yes we need to take risk in everything just like in trading and investing our hard earned money, but don't take risk in putting your money in an exchange without any further investigating what it is, so proper handling of your money is much necessary. Yes. It is quite hard now to find a reliable exchange if you're looking for security . It could be popular and large exchanges like EtherDelta, I've been using previously but I learned that it was hacked not that long time ago. Handling your money ,which could mean by putting your wallet into safe storage like using hardware wallets or paper wallets, is much more applicable.
- Search for few basic guides on crypto trading before you start and also learn about margin trading and how stop-limit works.
- There are different threads here in forum with same question like yours, go through them.
- Never panic and always sell for profit not for loss.
- Don't be emotional with any coin, sell when it pumps.
- Invest in multiple coins to diversify your risk.
Good luck...
Fortunately, there are so many resources online now that one can make use of and it is just that a lot of newbies in trading are always too lazy to read and as long as anyone is lazy to read, they should be ready to lose a whole lot. I have been there and I know how it feels trading without knowledge but you will get so confident, realize some of the mistakes you have made and could have averted once you start reading.- There are different threads here in forum with same question like yours, go through them.
- Never panic and always sell for profit not for loss.
- Don't be emotional with any coin, sell when it pumps.
- Invest in multiple coins to diversify your risk.
Good luck...
Also, with the last statement, I would advise not to put too much in so many coins than you can handle at once, as that can be hectic. It is best to just invest in the little you are sure of based on your analysis unless for long term traders anyway.
i am new in trading . i want to start trading . what advice you should give me before i start in live trading?
There are many advice here for those newbie who want to start in trading you should read first. Having a knowledge is the best to have while you are in a start, and you should learn how to control your emotion.
i am new in trading . i want to start trading . what advice you should give me before i start in live trading?
Read some techniques and strategies about trading, and how does it work. Buy a small value of token, make a short trade and be familiarize with the flow of the crypto market. Having an experience is an advantage in cryptocurrency trading. And last just invest what you can afford to lose.
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i am new in trading . i want to start trading . what advice you should give me before i start in live trading?
Always I have been saying to a new trader First you need to control emotion. Don't invest all money in one box { means one coin } Don't invest 100% money of your holdings. And try to stock some fiat or usdt for buying in cheap if the market will dump hardly. 
If as a beginner a must have strategy is a strong confidence in the face of all risks later with the altcoin movement that often changes you must be able to maximize the smallest chance of making a profit.
i am new in trading . i want to start trading . what advice you should give me before i start in live trading?
My advice is to get training from a practicing trader. So you can save your money. Because at the start many beginners make mistakes. Because of these mistakes, they eventually lose their money. Well, the decision to take, of course, to you.
If you start trading, then the advice is to learn the experience on bitcointalk. And you also need to determine whether you should invest in the potential and risky cryptocurrencies market and whether your financial ability allows you to invest in Bitcoins or altcoins. And the psychological need to be strong when investing in cryptocurrencies is a necessity for you because this market fluctuates continuously, up and down erratic.
i am new in trading . i want to start trading . what advice you should give me before i start in live trading?
the advice I can give is, make sure you understand the trading and you have trading knowledge, you can not trade just by using large funds. you should choose a good coin to trade and maybe you should be able to choose a good situation for the right time to trade. make sure you have friends who are experienced in trading and can help you. In general, before starting in the field of trading, you should learn and read more about the majority of cryptocurrencies in the market and how to analyze the different situations ( like, pumps and dumps...) . Furthermore, I advise you to follow these rules:
Rule number 1 : you must be patient , and not to be greedy and rush to make decisions , because you may regret due to some behaviours which could lead to significant financial losses in the future.
Rule number 2 : you must have different strategies ( Plan A, Plan B..) in every situation and sometimes, the risk is essential for an acceptable profit in the future.
And good luck
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These are accurate theories, but the most necessary is the experience and analysis. Analysis is very important in investment. The professional traders always analyze the project very well and always be patient with them. they can spend more than 3 hours analyzing the project and see a graph of the price increase. However, your article is very good and constructive. thank you.Rule number 1 : you must be patient , and not to be greedy and rush to make decisions , because you may regret due to some behaviours which could lead to significant financial losses in the future.
Rule number 2 : you must have different strategies ( Plan A, Plan B..) in every situation and sometimes, the risk is essential for an acceptable profit in the future.
And good luck
.
Hmmm… others would tell you to have patience no matter what. For me I would tell you not to have patience for a long time. If you start trading and after some months of trading you happened to achieve nothing, then trading is not meant for you, you should just quit and find something else to do. And by the way, before you start you should first study everything that is required for you know about before getting into trading. Trading is not easy like other things you see, of course it’s fun, but very risky.
- Before investing in anything, try to make a deep research about the project and don't follow other's suggestions
- Don't invest that you can't afford to loss
- Never take loan or credit to purchase cryptos.
- Only trade coins that have high daily trading volume.
- Don't join pump group where you will only loss your money.
- Almost all trading signals you might get from trading groups are fake, don't follow them.
- Learn from your mistakes.
- Don't invest that you can't afford to loss
- Never take loan or credit to purchase cryptos.
- Only trade coins that have high daily trading volume.
- Don't join pump group where you will only loss your money.
- Almost all trading signals you might get from trading groups are fake, don't follow them.
- Learn from your mistakes.
Put your funds in many baskets. In case the one gets hacked then some are safe. Same with trading. Dont go putting all your funds in a trading website, just deposit the number that you are willing to risk.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.
The OP should also analyze the coin he wants to invest in. To split the funds he must actually earn that same funds with the proper investment into the more prosperous coin that has high possibility to return to the initial value after correction phases.
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I agree with the exchange rule of putting the small amount of money split between different exchanges because there are many new hack attempts which have influenced new investors because the some of them held a big amount of funds in one exchange. The proper coin investment means nothing to the investor if the wallet is open to the easy hack.
Although having a lot of exchanges with small amounts is pretty expensive to do especially when you are about to cash out. Usually exchanges charge an exorbitant fee that would make having multiple ones not feasible. Also, once an opportunity arrives, it would take you minutes to just make the order on multiple exchanges and in the end you lose the opportunity.
Put your funds in many baskets. In case the one gets hacked then some are safe. Same with trading. Dont go putting all your funds in a trading website, just deposit the number that you are willing to risk.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.
The OP should also analyze the coin he wants to invest in. To split the funds he must actually earn that same funds with the proper investment into the more prosperous coin that has high possibility to return to the initial value after correction phases.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I agree with the exchange rule of putting the small amount of money split between different exchanges because there are many new hack attempts which have influenced new investors because the some of them held a big amount of funds in one exchange. The proper coin investment means nothing to the investor if the wallet is open to the easy hack.
Put your funds in many baskets. In case the one gets hacked then some are safe. Same with trading. Dont go putting all your funds in a trading website, just deposit the number that you are willing to risk.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.
Firsthand learning is great as we learn from the mistakes we make. As others have mentioned, jumping into trading will certainly have a learning curve. For a beginner as yourself, a good option to look into would be a trading simulator such as Coins2Learn, check out their website: https://coins2learn.com/
A simulator such as this one would allow you to practice making trades without risking any money. You can engage is discussions with other users, gain familiarity with market oscillations, as well as participate in different competitive activities. Above all, it's free to use. In the end, it's up to you, maybe you would rather jump in with real stakes from the get-go, that's fine, just don't invest more than you're willing to lose--as others have said.
Cheers!
A simulator such as this one would allow you to practice making trades without risking any money. You can engage is discussions with other users, gain familiarity with market oscillations, as well as participate in different competitive activities. Above all, it's free to use. In the end, it's up to you, maybe you would rather jump in with real stakes from the get-go, that's fine, just don't invest more than you're willing to lose--as others have said.
Cheers!
many ways to start our trrading.we could learn abount technical and fundamental analisys.and the most important thing is we must have good psychology.so when we see market going down we still could control and not being panic like other.
Good advice. I would like to add more. At first learn learn and learn. Then keep observing for a long time on crypto market as well as different coins. Now develop trading strategy like trade regularly or invest for a long time. Buy 3 to 5 coins based on their future potential to mitigate risk. While buying keep in mind how much it could incur loss instead of how much it will generate profit. 
i am new in trading . i want to start trading . what advice you should give me before i start in live trading?
There is no theory that can explain you how to trade effectively. If there is anything that is very successful in this regard then that is practical approach towards the crypto trading and nothing else. You may get many more advice like do this and do that but to be honest none of them works until you try it yourself. Many times it happens that few tricks work for few people and it may not work for others. In such cases it is better to try our few by yourself and learn how you behave while making the trades. If you failing at something then for sure you are missing out the whole thing. Then stand up and try something different and repeat the whole shit until you dont find yourself profiting on regular basis. Thats all the advice from my side.
i am new in trading . i want to start trading . what advice you should give me before i start in live trading?
There is no theory that can explain you how to trade effectively. If there is anything that is very successful in this regard then that is practical approach towards the crypto trading and nothing else. You may get many more advice like do this and do that but to be honest none of them works until you try it yourself. Many times it happens that few tricks work for few people and it may not work for others. In such cases it is better to try our few by yourself and learn how you behave while making the trades. If you failing at something then for sure you are missing out the whole thing. Then stand up and try something different and repeat the whole shit until you dont find yourself profiting on regular basis. Thats all the advice from my side.
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