Topic: What are the useful tips for beginners? - page 13. (Read 2350 times)
Dont start trading with a lot of money. You will caught up in a pain factor and it will slow down your learning a bunch
Investopedia, Udemy and youtube have some great articles regarding trading and crypto, that is where I first started.
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,
Thank you for these tips this will help me a lot in this field of trading. I believe that knowledge is very important here. Also what you said about media is true, media is bringing us down so better not listen to them. 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,
In my opinion trading requires practice with real money, reading books will not help you and you will just waste lots of time, even with with good information that you get from books, when it comes to trading you need experience.
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.
In my opinion trading requires practice with real money, reading books will not help you and you will just waste lots of time, even with with good information that you get from books, when it comes to trading you need experience.
If you are new to trading and have not been through all the transactions, then I recommend the following items
You should go to youtube to hear the previous experience sharing and you should read the prestige site looking for the trading platform that you trust.
Sure exploring you tube and google will increase your knowledge and you will get know about good time of buying and selling bitcoin, we need knowledge and information about bitcoin as much as possible because this way we will avoid big lose easily, we will know what is real and what is scamming, one more thing patience is the key of success so don’t be hurry to have profit just wait you will get high. You should go to youtube to hear the previous experience sharing and you should read the prestige site looking for the trading platform that you trust.
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.
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.
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,
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,
The three things thats the best helpul tips of those beginner if you want to become successful crypto investor in these community is first you need to be educate the way and process of digital currency on how its works globally,second you must have own strategies and own idea of how did you decide your own investment by doing a decision making of your own portfolio either you buy and sell especially in troubled situation of cryptocurries,and third you needs to be focus on what you doing by not making FUD and follow normaly the basic analysis of cryptocurrency.
All of you guys need to follow Cryptonary on Instagram he has predicted all of this deeps since early February and April! The man knows the market and his TA it’s so sickening excellent!
New people should not be involved in trading, learn from the market, and then go into trading, thus reducing the risk for them, reducing the loss of capital from the beginning. . Quote from: Baoo
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 "
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 "
This.
When a beginner learned about this then he becomes a cryptoman already.
Too much lies in media and it is the possibly work of the government or whales trying to manipulate the price.
If you know where the whales want it to go then good. But, I doubt someone will tell it. It will just be a group of whales who will know when and when.
Make your own decisions. You are alone but you have your instincts as always. Trust your choice and make a stand for it. You lose, you get it back. You win then trade more.
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 have patience then you have half of the battle won when it comes to investing and trading the bad news is that people of this generation do not have the patience to wait for anything, they are used to get everything immediately, even if I'm not that old I remember having to look through many books in the library to find the answers I was looking and now young people the only thing they need to do is to ask Google for the answer but the good thing is that I have the necessary patience to succeed in this market while they do not. If you are a newcomer then I think you should learn how to trade and experience from those who are ahead, do not be too hasty, hasty will not be good, although in mind you want and see that coin is potential. You want to buy them immediately, but no, you still have a lot of loopholes vulnerable to cheat, trust me. Learning is the most important thing.
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.
I'm agree with most part of it but not about "not following NEWS" , Fundamental NEWS are important whether you like it or not , We can put our head under snow or we can see a bit forward , for example if a coin or token is delisting from Bittrex and you have that coin or token in bittrex and don't know it,You may completely lose that coin or token!
yes, you are right. fundamental news sometimes can be our guide to make a decision and no matter what is the news, we can get prepared for the next thing that will happen. and if there is any news about coin or token is delisting from the exchange, it will make people become panic and you can get something that will useful for you.
In my own opinion, the best information you can get in order to make the right decisions will be coming from the speculations of different professional crypto analyst because most of the news are just fud that is spreading to different countries and it is affecting the price of the market in a negative way like decreasing just what is happening today.
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,
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,
Crypto trading would not be so easy if we don't have enough idea about it so it is important that we'll have enough knowledge and wisdom about what we are doing. We could seek help to traders pro that we know or we could also find tools through the internet for us to gain more knowledge about the basics of trading.
All of you guys need to follow Cryptonary on Instagram he has predicted all of this deeps since early February and April! The man knows the market and his TA it’s so sickening excellent!
For beginners, they should follow these 3 websites daily to gain knowledge in cryptocurrencies they are coinmarketcap.com and ccn.com and icorating.com
Start trading with a small capital, it is a fact that every newbie traders lose a trade, so with a small capital you gain a lot of experience and knowledge while only losing a few bucks.
Through that experience you'll become a better person because you know what is not good when it comes to buy an altcoin, so i agree with that, if you don't have enough knowledge to do that things ( trading ) make sure your fund that you put in the exchange site is not big capital, lets say $100 so that amount is like your tuation fee to learn how it works.
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I'm agree with most part of it but not about "not following NEWS" , Fundamental NEWS are important whether you like it or not , We can put our head under snow or we can see a bit forward , for example if a coin or token is delisting from Bittrex and you have that coin or token in bittrex and don't know it,You may completely lose that coin or token!
yes, you are right. fundamental news sometimes can be our guide to make a decision and no matter what is the news, we can get prepared for the next thing that will happen. and if there is any news about coin or token is delisting from the exchange, it will make people become panic and you can get something that will useful for you.
Nice tips, but now i'm in first one main tip for newbies - better don't invest in the ICO. Many scammers in the industry ICO now.
Thank You for Your Tips Yes Now in the Industry is more scammer i see this
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,
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,
Good start for newbie to understand real market is, very fit with your post. Read book and psychology is not enough with out practice, I suggest you to practice using real money to know the market work and risk. Trade/ invest is not easy way to make money, believe in you and trust no one.
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