Topic: What are the useful tips for beginners? - page 6. (Read 2350 times)

Yep, I heard about it too. That's nice, I wanna now bout crypto more

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,  

Yep, I heard about it too. That's nice, I wanna now bout crypto more

Yes they made lots of free tips for traders - you going to find at youtube! And in the August there going to be Streamity School

Are you talking about Streamity? They are great. I've tried their service

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

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

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.

The basic useful tips is ask questions, be very careful,learn from experienced person, don't be hasty about decision making,that is where the success or failure lies..

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.

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".

These are the tips that are very useful you been shared, especially for beginners. Its a big help so that anyone have an idea about trading. You need to learn a lot, because in trading you must have a good in strategy.