When I started trading I lose some of my funds due to fear when the price of my token turns bloody red. To avoid bigger loss, Ive sell it as well to minimize but later on saw the tokens on green and its far from the price of the tokens Ive bought. Lesson learned, be patience which is stated on the OP of this post.
Might add some tips, for easy profit. Always check the price of tokens on the cmc choose those low market cap with average supply. Check out details like what was the ICO price and buy it always on the lower price of ICO. Why? To have standard deviation. Its not assured but at least youve buy the tokens with discount compared to those who invest during ICO.
Hope I've help a little. Thanks for the shared resource material for trading will add these to my collections.
Topic: What are the useful tips for beginners? - page 17. (Read 2372 times)
tips for beginners in my opinion is you must be able to control the emotions you have and you should also be able to know the right time to buy and sell coin.
I always advise fellow traders who are new to the crypto world to invest theirselves first in studying and learning the basic principles and tips in the cryptocurrency trading world. Before they invest and put in their money, self-knowledge is important so that they can know how to handle their money and to trade safely and avoid being scammed.
Great tips and with that you can help many people.
I just wanted to add that experience is very helpful as well. If you do not have any experience in trading I will suggest that before using your real money for trading you try to feel trading by using a demo account. If you are in a rush to trade then do not put in a lot of money. Once you are comfortable then start putting a big money.
I just wanted to add that experience is very helpful as well. If you do not have any experience in trading I will suggest that before using your real money for trading you try to feel trading by using a demo account. If you are in a rush to trade then do not put in a lot of money. Once you are comfortable then start putting a big money.
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.
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".
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,
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