What are the useful tips for beginners? - page 5.

Morgann

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Quote from: coffigayo on July 05, 2018, 09:33:36 AM

If my opinion in trading really requires practice with real money. Good and strong tip from professional traders. I think also you can read the books implement trademark traders in a short time.

Yes you are right because your experience will make you become a better trader in the future so if you really know how to trade in the right time then you will avoid some wrong decisions in the future and you are going to earn more profit.

BartS

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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.

I disagree trading low market cap coins is very difficult, in fact it has been known for a long time that technical analysis is not really effective at that level because the coins lack volume, this is a reason why many newbies lose money they are trying to use the wrong tool for the wrong job, it is like using a hammer when you need to use a screwdriver, so when investing in those coins you need to do fundamental analysis and to research if everything in the coin is legitimate.

coffigayo

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If my opinion in trading really requires practice with real money. Good and strong tip from professional traders. I think also you can read the books implement trademark traders in a short time.

tarpa07

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In this cryptocurrency world, too many newbies start cryptocurrency trading. If you want to start cryptocurrency trading so you must read about cryptocurrency. Most of the beginners start to invest in cryptocurrency without any knowledge and at last, they lose his money and make a negative comment about cryptocurrency so I just want to say must learn then start trading. You can follow coinmaketcap for you altcoin knowledge.

ethereumhunter

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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.

they never learn from their mistake so they keep doing this and then they regret what they did before. controlling the patience is the one thing that might be difficult for every people especially for new people which join in the crypto trading. but if they can learning how to control their emotion, then they don't have to panic or lose control when they see the price is down even if it's down too deep. with the patient, I am sure that they can be able to gain the profit in the future and they can make a lot of profit.

davinchi

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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.

The useful tip for the beginners is to invest little in the market initially in a type of crypto that can easily maximize his output. Besides, the basic knowledge about the technology and perfect information about the market is also instrumental in helping making important decision of selling or investing. Moreover, response to the market changes it also very important and can give you and edge over others.

BaraxLo

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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.

Gheka

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Quote from: Wittycoin on July 04, 2018, 09:46:02 AM

Of course if you are a beginner, you must learn the basics like what is cryptocurrency, how to earn money from crypto, etc.. As a beginner you must be a good researcher to have knowledge about cryptocurrency so that you will not be troubled with it. Do not stop learning things about crypto because knowledge and experience is what you really need to be able to be productive in this industry.

Starting from the most basic things is always an advice that most people here towards, when knowledge base becomes solid, we can easily develop and learn more deeply but in practice, beginners always ignore this advice, they are always very in a hurry and want to make money fast then they made simple mistakes, lost money and depressed in trading. The next useful tip, I think beginners should know to listen and read analysis from other investors because I see so many people are always arrogant, they do not accept the opinions of others, they always think they are the center and they are always right, that was a fatal mistake

jocker00

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the main tips that one can give you that you have to know what you are going to do with treading?what you want to do about it.if you want to earn money by trading then you have to know these question .and then it comes to your knowledge on trading .there are two type of trading short time and long time.its for you to decide what to do with it.that's all i can tell you now.

laravuemaster

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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.

FalcoonRed

newbie

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I think the most important thing in trading is patient, patient in terms of selling and buying. you should know when to buy and have to know when to sell not to your loss.

Wittycoin

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Of course if you are a beginner, you must learn the basics like what is cryptocurrency, how to earn money from crypto, etc.. As a beginner you must be a good researcher to have knowledge about cryptocurrency so that you will not be troubled with it. Do not stop learning things about crypto because knowledge and experience is what you really need to be able to be productive in this industry.

Angle22

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I think if the post, must be sticky and correct language, do not use dirty words, in order not to delete

jessica2020

newbie

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Yes, I am agree with the given tip. Thanks for given a tip for the newbies. My advice is to be more patience in holding cryptocurrencies and be aware to phising sites and investment scams. Think twice before investing.

badaovodich

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Tips for newbies You must have knowledge of the altcoin and learn them thoroughly. Then they can participate in earning altcoin. Beginner must know how to handle and sell the altcoin at the moment. beginner have to update information on prices of the latest coins that you can then join and secure them.

Elmer1

newbie

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The only thing that I can advise for those beginners is to study the concept first. Beginners must invest in knowledge before anything else. Know what you are investing for. Don't afraid to invest because you learn from experiences and if you will not take a risk you will not gain something. You can minimize the risk if you have experience. And never stop learning too, because there are some who thinks they know everything once they start to trade but truth is they only know the basics.

avadonne

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The only thing that I can advise for those beginners is to study the concept first. Beginners must invest in knowledge before anything else. I know it thrills us to imagine ourselves making profits, but if we do not know how we play this game, we'll lose.

Ewox

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And never stop learning too, because there are some who thinks they know everything once they start to trade but truth is they only know the basics.

jakezyrus00

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Hhmm, maybe the only thing I can suggest and give emphasis to the beginners is to always think whatever move you will do and do not let your emotions overtake your thinking.

BlueStackz

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Quote from: unconscious on June 28, 2018, 12:10:02 PM

It's a very good suggestion for beginners. I also want to add something. Don't think that within few month you will make money. If you make that is temporary. For long term consistent profit you have to give time in learning. There is no short cuts.

I will say about the general useful and important basic knowledge which is the first thing to survive in the market of Bitcoin and other cryptocurrencies. We know that Bitcoin is a long term trading source so we should do it with patience and not expect something but should go with market and to get benefit in either low market of high market. Low market benefit is to buy more because Bitcoins are available on low price while high market clear benefit for us.

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