Topic: What are the useful tips for beginners? - page 10. (Read 2350 times)

I believe that beginner's should understand how the system in the market work's like buy when the market price is low and sell it again when it increases, with this simple rules, anyone can be very rich if they are patient enough on the different situations in the market.

Nice tips you got there but I think your tips are lacking something. One of the most common mistake a newbie does is to invest in only one coin which in the end leads to loss if that certain coin does not perform well. That being said, you should have had included there this: "diversify your investments. Never invest in one coin only and always remember to not put all your eggs in one basket".

Well, reading the above books will guide beginner in the crypto currency trading. Although the bottom line is mostly to learn the technical and fundamental analysis because it is the only way you can succeed in trading crypto currency except if you want to gamble with your money.

I think that the advices are always going to be the same in here, the most important one is just do not lose your mind trying to catch and hunt more profits

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,  

You are welcome but not only this. You also need to have a little investment in the start. Since you are new in the market and would face different situation in which you might also loose some money due to the lack of experience and information, you should have a small initial investment. This will give you the market exposure and you will be better off next time when you invest.

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!

Thank you for the valuable information you have given, I am following Buy at low and sell at high policy in order to get little profits, though i am a newbie in this, i have been holding coins since so long now.

Also on how they can be able to learn here is what could be the best gather the knowldege in a way wherein this is really helpful basic thing is the best atleast that you know how to understand this as well.

In my opinion the first step is to study thoroughly the market of cryptocurrency and to observe the trend of the propel. It is best for entering. I entered in this world through my friend who was an experienced crypto investor and has made thousands of dollars. By this way you can handle any problem easily if an expert is available for your help.

Initially, a beginner needs to learn enough information to understand what exactly he wants to do. in any case, at the same time as theory, you need to engage in practical activities, but this requires a small start-up capital.

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,