What are the trading tips for newbies...

Best Dreams

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Quote from: mirawantirinjana on January 19, 2019, 09:19:25 AM

Quote from: joeperry on January 19, 2019, 01:11:14 AM

In my experience a good tips for beginners or for those users who don't have any ideas yet in trading are:

1. Don't invest if you're afraid to lose what you've invested.
2. Don't expect for a high income if you invest a low amount.
3. Expect the worst probably losing all the value of the coin you're holding.
4. Don't believe on HODL, if you're losing a big amount cut your losses you don't know if that coin has a value in the future.
5. Divide your investments don't just invest on 1 coin.
6. Don't just invest on some coins, study them.
7. Read and watch different tutorials about trading and tips
8. Practice trading through simulator exchanges
9. If you want actual trading start with small investment first and if you're ready then start a serious investment

That's what I recommend for users to avoid losing a large amount since I saw a lot of investors invest to some coins and invest all their money just on one coin and when the price drops they're ranting and crying all over the forum.

complete, appropriate and very suitable for what I experienced when I started the crypto currency trading activity.
for beginners this is certainly very helpful in helping their initial trade.

I must say above discussion will go helpful for new users they should keep holding that things will be fine very soon so don’t lose your hope and try to stay in touch with your trading strategy even if things are against your expecting goal. Just hold trust me price will recover very soon but till then don’t panic just hold.

MuhNofa

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if you are a new person in the world tranding I advise you to start tranding with a small amount of capital, to minimize losses because you are still a newbie in tranding. and for tranding when conditions are very unstable like this I suggest you take "BUY" when bitcoin is down because altcoin / tokens usually also go down in price following the trend of bitcoin

jhonjhon

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Quote from: jems on January 19, 2019, 12:01:04 PM

Why don't you sell the tokens that you get first from the bounty? I think the tokens that we produce from bounties can be used as our initial capital to trade and you can choose some better potential coins.

Yes you can as trading doesn't requires huge capital to start but your profits depends on how much you have invested. And if I wanting to have a huge gains, I definitely put a huge amount of money but the risk is too high also. The question is, can you manage to loss them all or not? Cause if not, you better not to be in trading.

1Referee

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Quote from: adzino on January 19, 2019, 09:53:33 AM

You decisions will matter. You will need to learn how to take quick but logical decisions.

That's what bots offer. Humans are too slow, too emotion driven, too fixated on X percentage of returns, etc. Most people won't ever be able to profitably trade, so why not have a bot do it for you? It saves you a lot of time as well (which you can utilize in a different/productive way), because staring at your screen(s) all day isn't something that will make you happy, especially when you suck at trading.

Quote from: adzino on January 19, 2019, 09:53:33 AM

One more thing, follow your intuition and do what it says.

That's not a good bit of advice. My intuition told me to open trades at certain levels, but looking back, I'm glad that I ignored my intuition. It's straight gambling since you are either right or wrong. Trade based on how you analyze the market, or don't trade at all. Gambling can be done in plenty of online casinos.

jems

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Why don't you sell the tokens that you get first from the bounty? I think the tokens that we produce from bounties can be used as our initial capital to trade and you can choose some better potential coins.

Jesabela04

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Trading is a long process of learning and you can't learn everything about it in just a single night or a single day. There are lots of helpful tools for you to learn all the basics of trading. You could do series of research. Though reading and watching some videos about trading, you will be able to gain a lot of information about it. Just have the eagerness to learn.

nebiki

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if my advice is for beginners, traders must have experience and knowledge about trade in the crypto world.
and never be affected by bad news or other people because it will make you bad

St4yInTh3D4rk

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"STAY IN THE DARK"

Being a trader is not much harder when you know what you are doing.Actually even the experienced traders don't know what will happen so you just stick with your predictions and do trades when you can make some profits don't wait too long or just fall too short better you read the crypto articles on the Youtube to get idea how trading works.Try CryptoJack it might help you.

adzino

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Quote from: gilangIDR on January 19, 2019, 07:27:02 AM

To be able to trade, a newbie must be able to apply the basic things that a Trader must have. In my opinion a trader must be able to be patient and be able to go through a panic situation well, don't be panic because panic will only cause chaos. Keep on exercising the ability, don't be afraid to experience failure because when we try more often it will make us get experience that is useful for making decisions at other times. A trader must dare to fail, when a trader is afraid of failure he is not worthy of being a Trader !!!

That is some bullshit. Trading is not only about these "emotions" you are talking about. Trading is something else more. You will need skills. You will need experience. You will need to learn the market and understand how it works in different situations. You decisions will matter. You will need to learn how to take quick but logical decisions. One more thing, follow your intuition and do what it says.

mirawantirinjana

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Quote from: joeperry on January 19, 2019, 01:11:14 AM

In my experience a good tips for beginners or for those users who don't have any ideas yet in trading are:

1. Don't invest if you're afraid to lose what you've invested.
2. Don't expect for a high income if you invest a low amount.
3. Expect the worst probably losing all the value of the coin you're holding.
4. Don't believe on HODL, if you're losing a big amount cut your losses you don't know if that coin has a value in the future.
5. Divide your investments don't just invest on 1 coin.
6. Don't just invest on some coins, study them.
7. Read and watch different tutorials about trading and tips
8. Practice trading through simulator exchanges
9. If you want actual trading start with small investment first and if you're ready then start a serious investment

That's what I recommend for users to avoid losing a large amount since I saw a lot of investors invest to some coins and invest all their money just on one coin and when the price drops they're ranting and crying all over the forum.

complete, appropriate and very suitable for what I experienced when I started the crypto currency trading activity.
for beginners this is certainly very helpful in helping their initial trade.

gilangIDR

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Activity: 1526

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To be able to trade, a newbie must be able to apply the basic things that a Trader must have. In my opinion a trader must be able to be patient and be able to go through a panic situation well, don't be panic because panic will only cause chaos. Keep on exercising the ability, don't be afraid to experience failure because when we try more often it will make us get experience that is useful for making decisions at other times. A trader must dare to fail, when a trader is afraid of failure he is not worthy of being a Trader !!!

chikading2016

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Quote from: Coyster on January 19, 2019, 03:58:27 AM

Quote from: alina345 on January 18, 2019, 12:43:34 PM

How do you see Bitcoins in 2019? Is there any luck for investors this year? Though it had its rough time throughout the year 2018, still many people are saying that the value of Bitcoins will increase in 2019. So, I am planning to buy some Bitcoins as their prices are low right now. I am looking for an online platform which provides the best digital wallet. Do you know any good exchange platform? I want some tips before investing in Bitcoin.

If you want to buy bitcoins and invest in this network,you should do so because you've found it a good source of investment and you're willing to take the risks involved and not cos of predictions made by random bitcoin enthusiasts which have no say on the direction of the market.
Make use of the internet and research thoroughly before investing,but the first point is investing with capital that you can afford to lose.
Try out different strategies you'll find online,and use them to your own particular benefit.

In my own opinion based on my own understanding and experience about trading, I think newbie is on the stage of learning and I believe that there are so many people in crypto that lose in trading specially those who are newbie so I suggest to trade a minimal amount of value or maybe starting slowly male sure that the you used only small amount that you can afford to lose tradingvis really high at risk so maybe we all need to learn it slowly.

Coyster

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Quote from: alina345 on January 18, 2019, 12:43:34 PM

How do you see Bitcoins in 2019? Is there any luck for investors this year? Though it had its rough time throughout the year 2018, still many people are saying that the value of Bitcoins will increase in 2019. So, I am planning to buy some Bitcoins as their prices are low right now. I am looking for an online platform which provides the best digital wallet. Do you know any good exchange platform? I want some tips before investing in Bitcoin.

If you want to buy bitcoins and invest in this network,you should do so because you've found it a good source of investment and you're willing to take the risks involved and not cos of predictions made by random bitcoin enthusiasts which have no say on the direction of the market.
Make use of the internet and research thoroughly before investing,but the first point is investing with capital that you can afford to lose.
Try out different strategies you'll find online,and use them to your own particular benefit.

Life_time_student

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Quote from: ZackNet1997 on October 04, 2018, 08:43:35 AM

I have done some bounties and now my wallet has few tokens balance. So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....

Financial markets have its own language which is overwhelming in the beginning but comes easy with practice over time.

It has two major parts: Fundamental Analysis and Technical Analysis

- Fundamental analysis is about analyzing any assets/companies fundamentals like annual reports, quarterly performance etc given a financial year.

- Technical analysis is about reading the price charts (graph) of the asset, understanding the masses behavior and psychology etc (the purpose of technical analysis)

Now, let's focus on the most common types of technical analysis and parts of which stock charts/graph is crucial. Line and Candlestick charts are the most widely used one, but the other less common types are bar charts and point and figure charts.

Charts of any financial asset are prices (vertical) plotted over Time (horizontal). There are few ways to represent the Price-Time points of the financial asset like:

1) Line charts

2) Candlestick charts

For detailed guide: https://coinswitch.co/info/technical-analysis-for-beginners-detailed-guide-on-technical-analysis

ethereumhunter

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Quote from: ZackNet1997 on October 04, 2018, 08:43:35 AM

I have done some bounties and now my wallet has few tokens balance. So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....

First, you need to know where the token get a list so you can send your token from MEW into the exchange's wallet so you can start to trade. It is easy to send the token, and all you need to do is prepare some gas to send the tokens and wait for a while and then you will see your token arrived in your exchange wallet and it's ready to sell. That is the basic lesson of trading, and you should know this and read more information about the trading itself.

joeperry

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In my experience a good tips for beginners or for those users who don't have any ideas yet in trading are:

1. Don't invest if you're afraid to lose what you've invested.
2. Don't expect for a high income if you invest a low amount.
3. Expect the worst probably losing all the value of the coin you're holding.
4. Don't believe on HODL, if you're losing a big amount cut your losses you don't know if that coin has a value in the future.
5. Divide your investments don't just invest on 1 coin.
6. Don't just invest on some coins, study them.
7. Read and watch different tutorials about trading and tips
8. Practice trading through simulator exchanges
9. If you want actual trading start with small investment first and if you're ready then start a serious investment

That's what I recommend for users to avoid losing a large amount since I saw a lot of investors invest to some coins and invest all their money just on one coin and when the price drops they're ranting and crying all over the forum.

GreatOrchid

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Quote from: ZackNet1997 on October 04, 2018, 08:43:35 AM

I have done some bounties and now my wallet has few tokens balance. So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....

Basically have you got any basic trading knowledge?
Trading is not that hard but a lot hectic work. Trading depends on which coin we trust and get into. Also the graph, volume, market cap matters.
If you are newly starting into trading than i would first suggest you to go through paper trading and than only proceed if you see any profits or if you feel you are capable to trade.

EdenHazard

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Quote from: ZackNet1997 on October 04, 2018, 08:43:35 AM

I have done some bounties and now my wallet has few tokens balance. So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....

Use some point that you got, and start trading. Do not stick to an analysis or theory because these two factors will not guarantee you get a profit. I think the most important point to get profit in trading is experience, as much as you have a theory but you never trade, it's useless, you don't know the essence of trading. So as I suggest to you when you want to become a trader you must have a balance between theory and practice, these two factors can reduce the losses that will be faced.

freedomgo

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Quote from: ZackNet1997 on October 04, 2018, 08:43:35 AM

I have done some bounties and now my wallet has few tokens balance.

What particular bounty you've joined to? if for signature campaign, you'll not gonna find the success as you need to receive merit in order to rank up.

Quote from: ZackNet1997 on October 04, 2018, 08:43:35 AM

So I need to know about trading. I searched and learned some points of trading. But I think my knowledge of trading is not enough for trading with this unstable market. So can anyone give me advises about trading. Or can anyone post some links of articles to read about trading charts. Thank you....

Trading is one of the best option, you did not leave crypto despite bounty now is not good as before and I appreciate your move.
For most of the trading lessons and technique, just use the internet, youtube alone ha a lot of videos where you can learn, it will help if you will pursue your plan.

creeps

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Quote from: playboy654 on January 18, 2019, 02:48:11 PM

Quote from: alina345 on January 18, 2019, 12:43:34 PM

How do you see Bitcoins in 2019? Is there any luck for investors this year? Though it had its rough time throughout the year 2018, still many people are saying that the value of Bitcoins will increase in 2019. So, I am planning to buy some Bitcoins as their prices are low right now. I am looking for an online platform which provides the best digital wallet. Do you know any good exchange platform? I want some tips before investing in Bitcoin.

Help me, please.

The trick that to be followed by the new people will be stay and holding with patient for long time this simple trick will help you to get more income in one time but following district and be little difficult but once you do that we can get much more income very easily.

Holding is great but the OP is asking for some Trading tips so for me better to learn trading first before you make your first move. Only use the top exchanges so you will not experience big problem but you still need to be careful and put small amount of money in the exchanges. Trading is something that you need to take it seriously, you can succeed here if you put enough time to learn.

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