Topic: What advice will you give to a beginner trader? (Read 1310 times)

Self experience will really be the key because you would definitely learn up with due process.Reading up theories arent bad but the real learning was actually on true
engagement with the market and the rest will follow.Just have that dedication for you to learn and sustain yourself with this very unpredictable market.
We do all start on being noob thats why you should realize and accept that losses are common.Dont make yourself perfect because this isnt the goal you've been aiming for
but rather try to be sustainable and able to play with the market without burning up all of your capital.

Educate yourself everything almost exchanging. Make  sure and have teach and a arrange to take after. It may you wish to have in arrange to be effective at exchanging. Learn how to oversee your hazard and capital and you're all great. Keep in mind a enormous rate of exchanging is almost testing your tolerance and emotions never let yourself lose fair since you lose one exchange. And the foremost vital run the show to avoid Covetous.

Many people talked about how they could become better traders but nobody talked about what they should do beforehand. I believe a good trader should become a good investor first, if you are a good investor you could become a better trader and easier as well. I know that there is a good chance that if you keep grinding and learn trading alone, you could definitely become a good trader, there is no "must" with investment because if you do not have enough money it will not make you a huge return, it may but long term investment usually doesn't bring life changing amounts of profits (usually).

However with trading you could make more and more money and you could reach to insane levels IF you are good. Which is why I understand people ignoring investments, but if you can get better at that, you could definitely become a good trader easier.

Kucoin is definitely one of the best ones out there. I am not the one to downplay Binance, because I use only binance and BSC right now, I do not use uniswap at all and I do not use Kucoin neither, but just because I do not use Kucoin doesn't mean that I do not know about them neither.

I have a friend who works there and I can tell you that they are awesome at safety, I do not remember any time they were ever hacked neither, like even Binance which has insane amount of money did get hacked few times, so it is a marvelous achievement not to be hacked in crypto world, those places are under attack every single second, not a second goes by without them being attacked. Hence I think even though I do not use them, I agree that Kucoin is one of the best out there ever, I do think Binance is awesome too but I wouldn't be able to say anything to someone who prefers Kucoin.

I suggest  fledgling that some time recently getting into exchanging prctically and get basic knowlwdge of trading, the primary thing to do is ponder the advertise, apply essential investigation speculations and specialized examination, believe the books and learn some time recently you believe proactive traders.It will handle your possess contentions, and after that after you have your examination, exchange with virtual cash some time recently doing it for genuine.

Invest whatever you don't care about losing
Patience and understanding why you buy or sell something is a must
the you play the more you will learn

I'd say KuCoin got a decent credibility and I've been using it for quite some time - never had a serious problems so I'm all good, binance is okay too but its just as overhyped as uniswap so I shook it off. Exchanges are for trading only and solely for that reason so you just gotta choose where your preferences fits.

I would say don't look to survive in the market because when you have the mentality to survive your trading decisions will be defensive and more towards avoiding loss rather than being pro-active and taking minimal risks and looking to end trades in profits.

As a defensive trader you would be happy selling your BTC at 10k which he bought lets say at 9k but a more pro-active trader would wait a few extra months and rather sell it for 20k or even more. Sometimes I understand we have to avoid taking risks but this crypto space is all about being ballsy and taking risks.

Again, on the contrary I would suggest going more towards a single asset and that too Bitcoin because all the other coins are not worth investing when the bitcoin market is going bullish.

Don't invest all fund in one coin and try to buy in cheap price and Don't be greedy and all time set your buy or sell terget.  

I just recollected this colloquialism; “don’t put all your eggs in one basket,”  it may be old, yet it's a recommendation that actually remains constant when investing in cryptocurrency. Furthermore, simply a say, Instead of using only one single exchange, it very well might be smarter to use a few distinct exchanges to deal with your trades. Indeed, even the biggest ones have experienced hacks, so it pays to spread your possessions across various accounts.
However if you would prefer not to and you think it is more complicated for you, you can go for one. For instance, kucoin. I actually do my trading for BTC and ETH over there for about years. And I'm still good.

If you can time the market right, trading crypto can give you much higher returns than traditional investments.
That's why knowing and considering what's the best cryptocurrencies over the market is sometimes a must. Furthermore, that is where we can see BTC, ETH, XRP and LTC. Actually a lot more. Also choosing the right and safe exchange should be learned.
For traders who are simply beginning, the cryptocurrency market can some of the time feel like a wild rollercoaster ride. So better to have an open eye and an open mind always.   

Youtube sucks bro and I literally watched a lot of videos but never found one good video which explains some ways of how to read charts and how to predict the movements. All I have learned about trading is by some good content on this forum and some good articles and mostly from my own experience in trading.

Please can you share those videos which you mentioned? I would really appreciate if you can share because like me, there are many guys on the forum who thrive to watch some good content on youtube and unfortunately can't find it. Even the recommendations from youtube are so pathetic that it almost feels like there aren't enough trading videos on youtube. Most of them are just promoting a brand and going round about it.

I recommend you should peruse more about stocks, cryptographic forms of money, and forex. Youtube and online sources can give you an immense measure of information in a brief timeframe. I have constantly to recuperate my misfortunes back in my day exchanging days however. I just educated a few instructional exercises in Youtube and they showed me the utilization of exchanging apparatuses particularly in Binance.

From my own perspective, you will learn in every stage of trading and you should go after gathering proper trading knowledge how to survive in the market. It will help you for being more patience and will keep you optimistic that you will be succeeded in trading.

If you have enough balance and you can afford it while your strategy fall, then you may go for trading. Don't put all in one, spread your budget to some coins or tokens then you may able to make it proper distribution that will help you to involve more in trading.

1. Choose the right broker
The choice of a broker is very important, especially for a fraudulent broker. Already tired of trading, the broker took the money away. Check the track record of the broker, legality, where registered. After that, just check the facilities and features provided. Is the software comfortable to use, complete features, and so on. Customize brokerage services to suit your trading style.

2. Start with a small amount of funds
One of the best tips for trading is to start with a small amount. After a new consistent profit is added. The large amount of funds does not guarantee easier trading. The same. If you can't trade well, using a million, a billion, a trillion will still run out.

3. Be realistic
Be realistic about trading results. Don't think about trading for living just yet. Unless you are extremely lucky, don't expect to turn your $ 100 trading capital into $ 100,000 in an instant. In fact, the focus of trading is actually survival. If you expect too high, you will only be disappointed, frustrated, desperate and ultimately fail. Right from the start of trading, think and be realistic (unless you are very, very lucky). Unfortunately no one is very, very lucky.

And most importantly, be disciplined, consistent, and have enough knowledge to trade.

nice of you mate .

 i always underestimate youtube because i think it was only a waste of time but i didnt know that there are also channels created to learn crypto trading but what are the name of those channels mate ? or you can drop a link

, this will help experienced traders and newbies to improve their trading knowledge . time will come that crypto trading videos will be given a chance to get recomended by youtube , helping people to watch worth it videos that they can use to earn

When I was new, I used to watch videos on youtube. We can get a lot of knowledge from video tutorials on YouTube, but if you really don't know the basics of crypto, at least you have to study hard like reading articles and also how to be able to master the basics of crypto without spending money. Don't force it to immediately try trading if you haven't mastered it, first try creating a demo account or something without spending a lot of money

As an alt coin trader the best thing you may do first before you trade or invest in a coin is simply you must research first the coin you may want to trade , do research about graphs and how trading works, techniques so that you may not easily lost your capital. Be wise and knowledgeable in buying a coin, join telegram or ask for trading expert advice so that you can gain more profit from trading.

As a novice in cryptocurrency trading, I tried to get as much information as I could by reading a range of publications and online tutorials. What I recall as good tips for all beginners are the following five techniques:
- Learn and understand the overall concept of cryptocurrencies
- Start small and scale gradually
- Invest in multiple coins
- Track market movements and learn from them
- Reallocate your investment

I may have missed something, but these are the ones I've been acting on.

I would say this list is as common as it gets and still not followed by all newbies is what makes our market very dangerous for them. I agree almost with everything here, and they are very commonly found in any investment book as well, you have to be careful to follow them and just be careful when trading as well.

However the problem with the newbies these days is that they have worked all their life for money that doesn't exist, they ended up spending it because life is not fair and paycheck to paycheck life is a reality for over 2 billion people and they are probably one of them, you end up saving 10k dollars by miracle if you ever can (some even can't) and you want to have enough money to just retire or maybe even have your own work because you hate working for others. What happens? You end up getting carried away by these news of people who made tens of millions of dollars profit from bitcoin and you throw all caution to side and go into crypto all-in and make mistakes.