Topic: What are the useful tips for beginners? (Read 2350 times)
For long-term consistent benefits you have to give time to study. There are no shortcuts and this is very good advice for beginners. I also want to add something. Don't think that in a few months you will make money instantly
Your suggestion is really awesome. According to this suggestion, if the newbie runs in the crypt, then they can be saved from many mistakes. Also, I want to say a word for newbie that you do not invest in any ico, without any research.
I think people here would benefit from the discord group I'm in. Especially today as later on there will be charts galore (see my separate post on Firepit Friday) - it'll help you see what it is all about. We only want to stay in trades for a short time and therefore minimise risks or huge dumps. But of course - the more time you can devote to it - the better! My username is the same as on here so come and say hello. Happy to talk you through.
https://discord.gg/BN9P2tk
https://discord.gg/BN9P2tk
Yes, of course good tips for me as a beginner in trading with small amounts, we can take tips from experienced traders who trade for a long time and we can sit with them and see how they make us able to increase the capital we have to understand in Bitcoin , we must often read Bitcoin forums so that it's easy for us to understand.
thanks, good information and tips, as a beginner we have to find a lot of information about crypto and how to do good and profitable trading, control emotions and be patient
There are many useful tips are there for the beginners but I think the main thing is the strategy, If you have a good strategy to follow than you can get good reward from the market at the beginning stage and if you keep following this thing than you can earn continue profits.
New investors need a specific investment strategy from the beginning to be able to develop more in the future. Investing in this period is very difficult but I think it will give the investor a lot of valuable practical experience. Take the opportunity when it comes to you and I think cryptocurrency is also a very good opportunity.
Also to be careful with low marketcap coins, in one instance you could see massive 2x-10x profits if your coin starts to moon, on the other you could be stuck with something that'll take 6 months to move a few satoshis. Do your research carefully before plunging headfirst into the s***coin pool!
Without the knowledge, you will never know what to do, how to trade and how to pick the best cryptos. I think that this is the most useful and wise advice.
Very interesting books. The main thing is that a novice should know when he wants to invest: do not invest more money than he is ready to lose.
Yes, dear noobs. This is the most important thing.
If one prefers to remain relatively sane investor during the dips and bear market that is the only way. It's in our nature, we all hate to lose even small amounts of money and it's really hard, doesn't matter if one is a trader or an investor.
But you have to be prepared for the FACT that YOU most definitely WILL LOSE some MONEY or even all of it. Crypto has elements of gambling and nerves of steel are very much needed.
Hope some new guys are reading this topic. What a journey this is.
1/4 of my funds is in crypto, I'm completely rekt since I fell for the HODL thing. But...This will not sound so clever, but I'm happy that I discovered this cryptoworld. Bulls will come. Patience.
Very interesting books. The main thing is that a novice should know when he wants to invest: do not invest more money than he is ready to lose.
Hello guys and gals , it is certain that the field of trading is very profitable, but regrettably, I have seen many beginners start in this area without any knowledge of the basics. In fact, this class always fails and lose a lot of money because of their hastiness or rashness.
So, according to my experience, I want to give some useful tips, and hope they will help everyone, and will be as the following :
1- Read and learn the basics of trading:
-I think the best way to start understanding this field is by reading books related to digital currencies, but unfortunately, the issue that many people read only the first pages of the book, then they stop.
"The more that you read the more things you will know, the more that you learn, the more places you'll go "
-Dr. Seuss
I suggest some books, and they will be as the following :
Cryptocurrency: Beginners Bible:
Mastering Bitcoin for Dummies:
Cryptocurrency Trading & Investing
-Learn how to analyze and deal with different situations ( pump, dump ..) in a smart way. Plus, try to help yourself with yourself, Do not complain and ask for help from the others, because no one is in your place. And even if you fail in the first attempts and lose a lot of money, then It is not the end of the world.
Believe me, learning from failed experiences will help you in order to improve your next choices, and you may start to gain a significant proportion of money.
2-Stay away from media news:
Media are always manipulating traders through some false news and even the social media (Twitter, Facebook..), They may even control what happens in the market (crisis, jump), in order to achieve the interests of some (the capitalists) and regrettably, many believe the information and fake predictions.
" Do not be a sheep and act like a wolf "
3- Be patience and try to be brave , not afraid:
The field of trading is profitable when you are patient and not hasty like many, and of course you must take advantage of the opportunities intelligently.
Fear is one of the most important obstacles that lead to losses, especially in difficult situations (big crash), like, panic selling...
IMO, Courage is by taking the risk, especially when there is an unexpected event (Big drop).
"Big risk, Big gain."
Cheers,
Wish thats nice and hopeful news for the beginners . that they will invest in cryptocurrency. They can earn and make profit for the beginners . So, according to my experience, I want to give some useful tips, and hope they will help everyone, and will be as the following :
1- Read and learn the basics of trading:
-I think the best way to start understanding this field is by reading books related to digital currencies, but unfortunately, the issue that many people read only the first pages of the book, then they stop.
"The more that you read the more things you will know, the more that you learn, the more places you'll go "
-Dr. Seuss
I suggest some books, and they will be as the following :
Cryptocurrency: Beginners Bible:
Mastering Bitcoin for Dummies:
Cryptocurrency Trading & Investing
-Learn how to analyze and deal with different situations ( pump, dump ..) in a smart way. Plus, try to help yourself with yourself, Do not complain and ask for help from the others, because no one is in your place. And even if you fail in the first attempts and lose a lot of money, then It is not the end of the world.
Believe me, learning from failed experiences will help you in order to improve your next choices, and you may start to gain a significant proportion of money.
2-Stay away from media news:
Media are always manipulating traders through some false news and even the social media (Twitter, Facebook..), They may even control what happens in the market (crisis, jump), in order to achieve the interests of some (the capitalists) and regrettably, many believe the information and fake predictions.
" Do not be a sheep and act like a wolf "
3- Be patience and try to be brave , not afraid:
The field of trading is profitable when you are patient and not hasty like many, and of course you must take advantage of the opportunities intelligently.
Fear is one of the most important obstacles that lead to losses, especially in difficult situations (big crash), like, panic selling...
IMO, Courage is by taking the risk, especially when there is an unexpected event (Big drop).
"Big risk, Big gain."
Cheers,
These are very helpful news for the beginners. Many beginners tend to invest into cryptocureency without appropriate knowledge thereby losing funds. You need knowledge. You also need to stay away from the news as the news is a means of making you panick and you sell off your coins as well.
Useful tips overall
Useful tips overall
There are many useful tips are there for the beginners but I think the main thing is the strategy, If you have a good strategy to follow than you can get good reward from the market at the beginning stage and if you keep following this thing than you can earn continue profits.
Great tips and with that you can help many people.
I just wanted to add that experience is very helpful as well. If you do not have any experience in trading I will suggest that before using your real money for trading you try to feel trading by using a demo account. If you are in a rush to trade then do not put in a lot of money. Once you are comfortable then start putting a big money.
I just wanted to add that experience is very helpful as well. If you do not have any experience in trading I will suggest that before using your real money for trading you try to feel trading by using a demo account. If you are in a rush to trade then do not put in a lot of money. Once you are comfortable then start putting a big money.
Thank you, guys! Very useful stuff!
Have a good trading!
There are many things you need to know about trading. I guest you can find them out on the youtube or google. There are many lessons out there 
If you are a beginner, you should learn the trading basics first before you get started. It is a must for beginners and everyone who want to trade crypto currency successfully today. Take this into account to succeed
Get fully into it, spend your own time researching the topic and then immediately implement your knowledge. I'm constantly learning and searching new projects, recently found Kelvin Blockchain, and oh shit I'm fascinated about the idea and the changes this project could bring to us. Insane! 
The best tip I can give to beginners does not forget about the ICO’s there is a good source to make a lot of money and they give you a training in which you can analyze each factor involved like the team, the hard cap soft cap the technology and the roadmap
You are wrong investing in ICO is totally risk and being newbies it is difficult to find good one, so it is better to first go through the site and then enroll in Bounty's and know about how ICO is working and what earned through bounty coin go And trade and earn trading knowledge first
The best tip I can give to beginners does not forget about the ICO’s there is a good source to make a lot of money and they give you a training in which you can analyze each factor involved like the team, the hard cap soft cap the technology and the roadmap
Profit on the crypto market created only for those who have the patience and know how to analyze, if hurry hurry you will fail early. That is my opinion and personal opinion.
Iam still learn about FA & TA its really hard to analzye and learn that. Yes some people sometime get a losing capital because enter/exit on the wrong time Jump to: