What are the useful tips for beginners? - page 4.

kolfedinew

newbie

Activity: 177

Merit: 0

Quote from: Haoque89 on July 13, 2018, 04:23:38 AM

Good advice for beginners is that you can invest in different types of coin to get familiar with them but you have to invest more to reduce your risk as well as increase your investment opportunities.

yep, but how you know about which coins to invest
beginners need someone or something to help them

Angle22

member

Activity: 121

Merit: 16

if my suggestion, for a beginner should understand the word elements in bitcoin, often read bitcoin forums to quickly understand, and not post haphazardly, let alone use words that are not properly used in bitcoin forums.

Haoque89

newbie

Activity: 112

Merit: 0

Good advice for beginners is that you can invest in different types of coin to get familiar with them but you have to invest more to reduce your risk as well as increase your investment opportunities.

nur rochid

full member

Activity: 1050

Merit: 100

Quote from: Glydel1999 on July 12, 2018, 06:18:34 AM

As a beginner in this business,
you must know what the factors that can affect this business are and how to deal with the flow of the transaction of the business to be able to survive in this kind of business.

in addition to learning theory, we also have to learn the practice in this business, for the first may be many mistakes, but from the mistake we can take lessons so that later not repeat same mistake

rayfordadam

newbie

Activity: 8

Merit: 0

Quote from: Baoo on May 28, 2018, 06:11:30 PM

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, Grin

Thanks, Really Valuable Tips for Beginners and here I am sharing a few more:

- Plan your goals. Stick to your plan
- Focus on a single currency pair, expand as you better your skills.
- Restrain your emotions
- Take notes. Study your success and failure
- Don’t go against the markets
- Study the markets, fundamentals, and technical factors
- Don’t put stop losses too close
- Focus on the daily chart
- Don’t trade a lot
- Be realistic
- Don’t freak out when a trade moves against you
- Don’t get overwhelmed

Glydel1999

full member

Activity: 350

Merit: 100

As a beginner in this business,
you must know what the factors that can affect this business are and how to deal with the flow of the transaction of the business to be able to survive in this kind of business.

Streamlink

full member

Activity: 490

Merit: 100

Quote from: BaraxLo on July 05, 2018, 02:17:50 AM

Quote from: Souldream on June 28, 2018, 10:02:32 AM

Quote from: BaraxLo on June 28, 2018, 04:29:05 AM

Quote from: bitcoinking11 on June 26, 2018, 03:27:52 AM

For beginners, i would suggest you shouldn't invest a lot of money at the beginning, only invest as much money as you can afford to lose. Before investing, follow a few months charts of the coins you want to buy then decide what is the best price to want to grab it.

We have been reading such comments from very long time and yes this really affects. When you re newbie and you don’t have any solid experience in this field, you don’t have to be so smart. Rather keep yourself restricted to short investments so that if in the case of loss, you can be able to afford that loss as well. Never ever just invest bigger money in start rather practice and then go for.

In my case I only make my self as an effect user and trafer of cryptocurrencies when I taught myself on how to become self-reliance to be able to learned from own researched, self learning by reading more iseful tips here in forum and especially a massive study how the market goes around though unti now I couldn't know exactly what happen to the market.

Beginners should follow basic market rules at first because it is very necessary for survival and then before entering into the market try to experience the crypto market from the less valuable coins that are Altcoin Litecoin and neo which are best for short term.

In this way you will get experience and would be able to upgrade to the Bitcoin. It is true that Bitcoin is most profitable but you need to get experience for that.

New bees can start with less valuable coins in the crypto market especially with Altcoin or Litecoin so as to get and make more experience in this duration and the continuous process will polish your skills. Why short term because in case if you are lose amount here then it will not be a big loss as it is less valuable that is why it is important to gain experience with short term coins.

KingdomHearts

hero member

Activity: 896

Merit: 514

Quote from: laravuemaster on July 04, 2018, 10:05:17 AM

Quote from: lelahkenabanned on July 02, 2018, 04:10:24 AM

very useful tips for newbie traders should you trade in a very good and patient way, meaning you must be able to control the patience you have to be able to gain profits.

Those people who are not patient enough to wait for their coins to grow before selling will just lose a huge amount of their investments so studying the industry or the market system is the best thing to do before joining cryptocurrency industry.

Of course patience is one thing you should have when you are dealing in the crypto market. Besides, beginners should have the crypto evaluation skills and the basic knowledge about the technology and the market. These abilities will enable him to make a good strategy about what to buy and when to buy.

The important decision of when to cash, if not backed by good and wise mind, cannot incur you profit. Beginners should have these skills.

geopolisch

hero member

Activity: 1022

Merit: 511

Quote from: kolfedinew on July 03, 2018, 11:05:55 AM

Quote from: trespiclof on July 03, 2018, 10:55:21 AM

Quote from: LooBaao on July 02, 2018, 05:20:30 AM

If you are a beginner I recommend trading at a low level and analyzing buying low value coins. Time after experience you should invest more into them.

yeah! And if you are a newbie at trading questions, you can watch webinars!

I have seen one project! They are creating powerfull portal where going everything! I mean educational portal, traders tips, ongoing icos , market review.... they are going to implement AI

Beginners or new comers should not enter immediately into the market of Bitcoin but should get experience from trading with less valuable currency like Litecoin or Altcoin because it will polish your skills and will bring your knowledge in actual practice as it is continuous process due to which you will gain momentum and experience. Now you are able to upgrade to the Bitcoin with this experience after passing through actual practices.

Sweet Weapon

newbie

Activity: 82

Merit: 0

Tips would be for the beginners is not to become greedy . Do not invest only on advertisement . Focus on researching the market and that individual coin that you want to invest .. And the best way would be to wait for few weeks and focus on studying and researching what people are thinking about it ..
.
If anyone can maintain this im sure he/ she is going to make a good profit out of this market ..

Sum24

member

Activity: 448

Merit: 10

Quote from: justsimpleram on July 08, 2018, 11:14:44 PM

A very helpful tips for a beginner like me. I will read and learn all the basics trading that you suggest sir. And I will try to follow your tips sir for my trading. And last I like Be patience and try to be brave , not afraid because as you said Big risk big gain I like that because risk taker will have great opportunities in the crypto world.

All those tips are really good, it is good to be patient and be brave to face all the situation and be wise while taking decision, to invest and trade, for the first time it is goods to trade for long term because it will support you at the time of need, investing in bitcoin for long term will give you more opportunities to buy more, having patience is the most important feature of bitcoin trading because it will control your emotions at the time of dip.

Angle22

member

Activity: 121

Merit: 16

I think for beginners now more focus on learning about bitcoin, and more often post so that account can raise the level.

justsimpleram

jr. member

Activity: 462

Merit: 1

A very helpful tips for a beginner like me. I will read and learn all the basics trading that you suggest sir. And I will try to follow your tips sir for my trading. And last I like Be patience and try to be brave , not afraid because as you said Big risk big gain I like that because risk taker will have great opportunities in the crypto world.

htconem7

member

Activity: 294

Merit: 10

Quote from: Baoo on May 28, 2018, 06:11:30 PM

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, Grin

I believe that if you are new to market, you need to learn a lot, can see that the crypto market is fluctuating continuously and is in the downtrend phase so that to be able to trade Success at this time is very difficult. I think you need to improve your knowledge, always plan ahead and always have a stoploss. Keep track of bitcoin prices when trading.

crazycatwoman03

sr. member

Activity: 588

Merit: 250

Quote from: Digital_Lord on July 08, 2018, 10:23:07 AM

Quote from: alminium on June 23, 2018, 09:19:01 AM

Yes, great tips that you can help a lot of people. You just want to add that experience is also very helpful. If you have no experience in trading. You would suggest that before using your real money to trade. For beginners is they must have a very high fighting spirit. never give up and continue to learn to do the analysis. With good analysis then a trader will be able to make good decisions. Truly a trader must have a good experience so that when we fail then we must continue to try again.

Before starting a business you should scan the whole environment for that specific thing. To be successful in that business it is mandatory. For beginners I suggest that they should study the crypto market, take a technical and fundamental analysis, search for an authentic project and then invest their money. Self-survey will make your decisions easy in your investment.

Reading gives you an idea of the things that you could encounter or go through, that's why it is very important. It is not necessary that you read all about trading, what you need is the fundamental knowledge before actually doing trading. Then when you are already trading, keep in mind that every experience is a learning. Losing is natural but if it is always the end result then there is something wrong with what you are doing.

iambakov

member

Activity: 112

Merit: 10

Yes reading is one of the best way to learn. Also listening from the experience of others is one of the best to learn. Try and try until you succeed I believe that in that way you will find the best answer you are asking now, it is using your own risk and finding your own skills in trading world.

Digital_Lord

hero member

Activity: 1498

Merit: 502

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: alminium on June 23, 2018, 09:19:01 AM

Yes, great tips that you can help a lot of people. You just want to add that experience is also very helpful. If you have no experience in trading. You would suggest that before using your real money to trade. For beginners is they must have a very high fighting spirit. never give up and continue to learn to do the analysis. With good analysis then a trader will be able to make good decisions. Truly a trader must have a good experience so that when we fail then we must continue to try again.

Before starting a business you should scan the whole environment for that specific thing. To be successful in that business it is mandatory. For beginners I suggest that they should study the crypto market, take a technical and fundamental analysis, search for an authentic project and then invest their money. Self-survey will make your decisions easy in your investment.

cryptolidus

member

Activity: 406

Merit: 10

The most common mistakes of newbies are lack of patience ( they would like to get rich in one day) and panic when the market goes against them.
Most of them enter the crypto without learning about it. So learn, be patient and do not panic.

Visbay

sr. member

Activity: 1236

Merit: 252

Quote from: laravuemaster on July 04, 2018, 10:05:17 AM

Quote from: lelahkenabanned on July 02, 2018, 04:10:24 AM

very useful tips for newbie traders should you trade in a very good and patient way, meaning you must be able to control the patience you have to be able to gain profits.

Those people who are not patient enough to wait for their coins to grow before selling will just lose a huge amount of their investments so studying the industry or the market system is the best thing to do before joining cryptocurrency industry.

Yeah having knowledge for the new trader is so important so try to learn bout the market when you think about buying some coin,. Choose the most potency coin, and hold it for long term, most of time I think people should trade long term it has less risk than day trader, buy at the lower price and hold it till it become more than double. Never think about panic because you will surely face some rise and fall because of bitcoin volatility but your patience will turn all your lose into profit and same as those who lose because of panic selling you will not suffer at all.

pinkpanther03

hero member

Activity: 1092

Merit: 501

Quote from: Baoo on May 28, 2018, 06:11:30 PM

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, Grin

This is nice, for sure it will give a big help to anyone here in the forum especially for the newbies also for the old members here too about to know everything in bitcoin and other altcoins as well. Very good advise of yours mate, thanks for this tips anyway.

Topic: What are the useful tips for beginners? - page 4. (Read 2350 times)