Topic: What are the useful tips for beginners? - page 11. (Read 2350 times)
Great tips. Beginners should be must knowledgeable in trading so that they can adapt in every changes in market.
I really like the points mentioned there and these are very useful. The golden rule is you have to be patient and there is no need to panic. Most people just want to see crypto crushing and all they do is to spread false news in order to cause fear and panic so that people can sell at lower prices. There is the need to be patient when prices drop because it is all part of the investment.
I advise beginners with crypto trading to take their careful time learning at least the basics about this field, how to study and analyze the charts and the market, how to choose the most profitable currencies for trading, and how to choose the best moments to sell or buy the coins.
Then it is also advisable to start with small amounts until they get good experience.
Then it is also advisable to start with small amounts until they get good experience.
Money management is the key!!!!!!!!!!
This is the secret.
You can loose 8 time on 10 and still make money.
Its no magic - its MM!
Technical analysis is good, but you need so much more.
Money management and psychology are keys.
What's psychology ?
If you loose 8 times in a row and change your plan....
Psychology is the ability to stick to your plan.
Because who need a plan that it doesn't follow?!
This is the secret.
You can loose 8 time on 10 and still make money.
Its no magic - its MM!
Technical analysis is good, but you need so much more.
Money management and psychology are keys.
What's psychology ?
If you loose 8 times in a row and change your plan....
Psychology is the ability to stick to your plan.
Because who need a plan that it doesn't follow?!
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.
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.
Experience is the best learning tools for the beginners. If you didn't try then you will not learn and if you failed twice that is okay, just learn from your mistake. Learn also the market movement and price changes. Make your own strategies and always think positive and be a risk taker.
Try to watch and observe how long time traders do it. There are several tutorials in the internet that you can take notes from, even youtube videos. Visual tutorials are easier to grasp for most people so take time to check them out. And make sure you know and you're prepared for the possibilities that can happen in trading. Understand that the possibility of losing money and having to wait a lifetime to profit is very high so when it actually happens, you're emotionally prepared for what you've gotten yourself into
Experience is the best learning tools for the beginners. If you didn't try then you will not learn and if you failed twice that is okay, just learn from your mistake. Learn also the market movement and price changes. Make your own strategies and always think positive and be a risk taker.
I think all the talk about care and attention is emotional. The best advice for a beginner will be that he will be able to trade on the earned money and at the same time not to spend personal money. Beata initially needs to participate in the Bounty of the company and simultaneously study all the initial knowledge of the trader. 
While the three tips the op gives are very basic unfortunately many people do not apply even one of them, many people do not take the time to learn about the market, are easily influenceable by the media especially the media that is against bitcoin and the worst part is that they lack the patience to keep holding their coins because they think they can obtain profits really fast, if they applied those three advices by the op the chances of beginners to make money will become way higher.
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.Nevertheless, this is an investment area with so much to understand before even going ahead with either investment or trading as the case may be, and only if people can understand that will they be able to start doing things right.
Experience is the best learning tools for the beginners. If you didn't try then you will not learn and if you failed twice that is okay, just learn from your mistake. Learn also the market movement and price changes. Make your own strategies and always think positive and be a risk taker.
A signal channel is a great guidance tool for a beginner trader. You just have to realize that you shouldn’t invest blindly.
Having someone to do the market, trend, technical and other key analysis - is a major advantage if you ask me. It just saves so much time.
If you’re interested in cryptocurrency trading, not advise, but you might to check this article: http://cryptocurrencytrading.group
Having someone to do the market, trend, technical and other key analysis - is a major advantage if you ask me. It just saves so much time.
If you’re interested in cryptocurrency trading, not advise, but you might to check this article: http://cryptocurrencytrading.group
Why should we must stay away from media just because of the possibility of fake news being spread? I think the media play a very important role in the movement of the value of cryptocurrency, indeed false news can be very impact in the market but we also have to clarify the news we meet, we also must be smart in exploiting the condition of the news effect, and also I think news is very meaningful in analysis I made.
in case you are new to trading and feature now not been thru all of the transactions, then I endorse the following items
You have to go to youtube to listen the preceding enjoy sharing and you ought to read the status website online looking for the buying and selling platform that you agree with.
You have to go to youtube to listen the preceding enjoy sharing and you ought to read the status website online looking for the buying and selling platform that you agree with.
if you are just a newbie in here, the bets thing that you can do is just to try to avoid having too much feelings while trading, and try to avoid being a greedy guy
Yes that is one way to control the emotional factor while trading. Adding about the skills, I would say a newbie should be well versed about the technology he/she wants to invest in and the market situation by which I mean to say he/she should have the perfect market knowledge. Also some knowledge about economics and finance would not be bad either.
Great tips bro, this is just some tips may could help newbies life but not totally make them better. Just push to not get any big failure as from start. But if time comes you failed in a certain thing this is the time we change. Exoerience is most best way to be a pro. Not knowledge not money not anything. There is always good and bad times, i advice to w newbie to not surrender in crypto. Most of us just rise from the deep
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Know what you are investing for. Don't afraid to invest because you learn from experiences.
don't forget to keep learning related to cryptocurrency because you can add another knowledge and skills that will useful for you in the future. besides that, you need to practice what you've read so you can have another experience and you can make a profit too. don't worry if you cannot make a profit because you will have your time to make a profit and it's only a matter of time.
Know what you are investing for. Don't afraid to invest because you learn from experiences.
Exactly.Experience is still the best teacher after all so overcome your fears through making good or bad experiences in trading.The best tip for a beginner is trust your own experiences when it comes to trading.Build your own self-confidence because you will gain nothing if you keep on depending to others' decisions so learn from your own experiences in trading and develop your own skill from it.
Know what you are investing for. Don't afraid to invest because you learn from experiences and if you will not take a risk you will not gain something. You can minimize the risk if you have experience.
Beginners should nt react to every news in the market they should follow discipline and price target before entering to cryptocurrency and keep step 2 verification for all the accounts
It is very useful if we are going to at least make ways on how are we going to have a great job in trading, useful tips are great to have too at first, since we are getting techniques on experts, studying and making experience on our own is the best too.
Beginners should nt react to every news in the market they should follow discipline and price target before entering to cryptocurrency and keep step 2 verification for all the accounts
Jump to: