Topic: What are the useful tips for beginners? - page 14. (Read 2350 times)
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!
That's true that influential people always trying to manipulate or use media sources to make their speculative behaveours through media,but also its fact that we need development,we need to listen and read more and more news to analyse everything related to crypto market...What you said about media I think is partly true,but at the same time its not the way out of a situation,So I just want to say that every beginners need to understand and define which source is or will be ,,impartial'',which will be true...I think its the key for this situation...I personally never make decisions based only one ,,news'',I always trying to read more and more from a different media.
the books provided in this thread is very much useful for a beginner thank u for providing book names
Year you are right but I think that practical experience is much better than books, otherwise there are thousands of videos on crypto investment for beginners on YouTube. You can search and it is more helpful than books. In this day people have no time to study books, but looking videos is easy. For me practical experience is necessary than any other source. 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.
Do not rush the initial step, the first investment is to have knowledge, to have experience, not as a game to beat them based on luck, the market today more difficult, the investment also If he is new, I suggest he should hold ETH and BTC are two safe coin and can make the most profit on the Crypto market.
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.
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.
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.
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.
the books provided in this thread is very much useful for a beginner thank u for providing book names
Number one most useful tip for beginners entering in the crypto world is obviously listening to the more experienced traders. I would kind of disagree with your take on staying away from media news though. There are a couple of people and news portals which know what they are talking about. I'd suggest staying away from Tai Lopez, as myself and many people see him as a joke and a basic salesman, he is not a crypto genius, enthusiast is probably the most of his interest into trading. Taking risks is okay, not huge stakes investments though, as you're still a beginner. Patience and not being afraid of failure is also a very important tip, reading a book or two certainly helps.
I disagree it is true there are some small amount of media channels that offer reliable information but as a newbie how are you going to distinguish which is which? The truth is you wont be able to tell the difference and since bogus sites outnumber good sites many times over the chances that newbies listen to bad sites is way higher so I think that recommending to newbies to not listen to the media is the right advice and it should be followed by those that are starting in this market. 
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.
The tips presented are undoubtedly useful when dealing with crypto and especially in its trading as risk is expected. However, in my opinion, media is also a useful source of information as long as caution is coupled in dealing with it.
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.
The tips presented are undoubtedly useful when dealing with crypto and especially in its trading as risk is expected. However, in my opinion, media is also a useful source of information as long as caution is coupled in dealing with it.
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.
Do not rush the initial step, the first investment is to have knowledge, to have experience, not as a game to beat them based on luck, the market today more difficult, the investment also If he is new, I suggest he should hold ETH and BTC are two safe coin and can make the most profit on the Crypto market.
Number one most useful tip for beginners entering in the crypto world is obviously listening to the more experienced traders. I would kind of disagree with your take on staying away from media news though. There are a couple of people and news portals which know what they are talking about. I'd suggest staying away from Tai Lopez, as myself and many people see him as a joke and a basic salesman, he is not a crypto genius, enthusiast is probably the most of his interest into trading. Taking risks is okay, not huge stakes investments though, as you're still a beginner. Patience and not being afraid of failure is also a very important tip, reading a book or two certainly helps.
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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.
this is the first thing that he should do so he can know how to trade without any problem. he can learn to trade by watching video on youtube while he can open the exchange site so he can know the reality of trading. and if you can make your first time profit, don't be over in happy because you still need more profit in your next trade so you to learn more in trading but be careful when the market is going down and don't buy anything if this is happening because this is too risky.
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.
I think the 3 important things you mentioned are enough for the knowledge of new players, if you want more then have to search for articles on google but I think it is not important, just doing 2 things is enough, you should be patient and do not easily affected with people else just that is enough.
the advice is pretty good and I just want to add a little when you've been looking for information in various media please try it because if you do not try you will not know what your shortcomings when getting a mistake in following a bounty or campaign do not make yourself guilty but make it a lesson for the better.
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.
First of all, study the theory in this forum. There is a lot of useful information, look through and ask questions in the topics you are interested in, be active in this forum and you will receive knowledge, a matter of time.
Never put others strategies without monitoring the market as market situations are different on different stages. Choose a valuable coin if you are productive investor that will give you huge profit or huge output of your investment. Try to buy and sell on their times, buy at low price and sell at high price in high market. You have to be calm in this market as this investment is favorable for long term in order to collect huge profit at a time and for short term you will get less profit on each trade.
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.
My advice for beginners is to learn about crypto , listen everybody but make Your own decisions. Invest only what You can afford to lose, never invest that Your existence depends on it. Diversify Your portfolio in several parts and minimise the risk of losing everything .
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