Topic: What are the useful tips for beginners? - page 12. (Read 2350 times)

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.

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:
https://i.imgur.com/vbhcgFt.jpg
Mastering Bitcoin for Dummies:
https://i.imgur.com/MqQLIQT.jpg
Cryptocurrency Trading & Investing
https://i.imgur.com/6XbMY5E.jpg

-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,  

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.

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.

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.

it is called a patience. in trading then we are in need of a patience, in the absence of it then a beginner will only experience defeat. this is a learning and every day that we get the science will increasingly. With patience then we can learn to restrain emotions in order to make the right decision and also good. yes trading requires several aspects to achieve success. without it then we will not get anything in in the world of trading.

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

This is a very nice and useful tips especially for beginners who wants to try trading business. Reading books, researching is best way to learn how to trade. Before you start in trading make sure you're emotionally ready, make some strategies and don't expect too much because everything that is in the market is unpredictable. So be wise.

This is interesting most people want to be leaders to be the ones that take decisions, but when you see their actions they do what everyone is doing and so they are nothing more than followers and I do not need to tell you those people never make it too far in life, so if you want to have success in this market you will need to have your own ideas, stop following the investment advice of others and create your own strategy since that is the only way to become successful.

Here is the deal. Not trusting media is not really what it meant. More like not trusting the crowd because most of them follow the media. So think differently, think out of the box than what you usually see.
There are a lot of manipulators in this market. Don't follow what they want to do. Be one of them.

Lastly, the golden rule: invest only what you can afford to lose.
Remember that you are investing for the uncertainty.

We all started as newbies and nobody becomes excellent and successful without having to go through failures. It's important that beginners should create a fundamental ground to learn and study about cryptocurrency. There must be willingness, commitment, and patience inorder to survive in the field of cryptocurrency.

  All are talking about new things and complications but first let us describe the simple rules and basic knowledge of the market for beginners. Listen new comers, always trade by following the market rules first and then make decisions. Buy always in a low market so that you may get large quantity of coins on low price so this is in your benefit and right after that place your coins for selling if you are in profit.

  All are talking about new things and complications but first let us describe the simple rules and basic knowledge of the market for beginners. Listen new comers, always trade by following the market rules first and then make decisions. Buy always in a low market so that you may get large quantity of coins on low price so this is in your benefit and right after that place your coins for selling if you are in profit.

The best tip comes with experience. You'll lose a lot but don't lose your mind. You'll learn a lot too on your experience and will understand thatyou have to be practical and foxy on investing.

Do not invest what you can't afford 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,