Great tips for all the beginners and the important thing is learned very well all the techniques before we entered into any investments and be ready for whatever risks that may intake into.
What you say is very true. Knowledge is very important to be able to trade in this market. However, new people should spend a small amount of money to learn. Do not invest much in this market without much knowledge. 
Topic: What are the useful tips for beginners? - page 7. (Read 2350 times)
Great tips for all the beginners and the important thing is learned very well all the techniques before we entered into any investments and be ready for whatever risks that may intake into.
one of the tips in trading is understand about trading in crypto katena it is very important and see more detail the coins you want to buy to have a good potential when you sell and most important you have to be patient.
The best advice for the beginners is to choose the most promising altcoins. Read more information about these cryptocurrencies, and your choice will be good. Pick Cardano, TRON, Ontology, Credits.
Obviously, dont panic. Take attention to the analysis of the entire market and specially of the charts. And please, do not be a dumb trader that sells in a 1% loss.
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.
Most of the traders will only learn from their experience on the market so its not about how much capital you have but it depends on how long you can manage your patience before selling in order to avoid losing your capital.
one of the tips in trading is understand about trading in crypto katena it is very important and see more detail the coins you want to buy to have a good potential when you sell and most important you have to be patient.
The best advice for the beginners is to choose the most promising altcoins. Read more information about these cryptocurrencies, and your choice will be good. Pick Cardano, TRON, Ontology, Credits.
I would like to add that your should not follow trade signals handed out by so-called telegram or whatsapp experts. They are often useless by the time they get to your and your my end up in big trouble in you follow them. Spend time studying before trading.
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..
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.
When I first invested in this market I lost a lot of money to be able to learn some knowledge. So I think the newcomers to this market just need to spend a small amount to learn before investing a lot then I think that would be much better.
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".
That is true do notninvest in only one coin tje more you are keeping yourself safe you are gonna be in trouble because if that coin fall them all you money will be in danger they will fall too and you cannot get that actually you can but of course not the same value as you put it there. So put your eggs into different baskets tjere are altcoims they are not successful yet but they will be. Do not rush things out and learn to wait for a long time because if you are closer to give up you are closer to the goal so dont be stubborn.
Never, I mean NEVER forget that bitcoin was not meant for any of this. Bitcoin's purpose was never "buy low and sell high and make money" no it was set out to be the digital currency of people that banks and goverments of the world can not fail us. However the human nature just attracts towards "making easy money" wherever you come from and whichever country you are from.
We all started out using bitcoins for stuff, hell buying pizza for 10k wasn't a big deal at the time, it was INSANE and we all loved it, than people started to change, new people started to come, we all shifted from buying coffee and pizza with bitcoin back when we were happy with it to now just becoming the wall street brokers that bitcoin started against. Bitcoin wanted to get rid of wall street type guys, ironically, it turned a lot of people into one. Don't be like that, don't "buy" your bitcoin, "earn" your bitcoin, don't "sell" your bitcoin "spend" your bitcoin.
We all started out using bitcoins for stuff, hell buying pizza for 10k wasn't a big deal at the time, it was INSANE and we all loved it, than people started to change, new people started to come, we all shifted from buying coffee and pizza with bitcoin back when we were happy with it to now just becoming the wall street brokers that bitcoin started against. Bitcoin wanted to get rid of wall street type guys, ironically, it turned a lot of people into one. Don't be like that, don't "buy" your bitcoin, "earn" your bitcoin, don't "sell" your bitcoin "spend" your bitcoin.
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,
Wow thats really great information dude. I thing for sure this will help for many newbies. I will note this down and suggest other peoples about this. Because at this current situation we need many positive information about bitcoin to price pump.
Most Altcoins lose value over time. Its price will go down slowly (sometimes quite fast).
Think about this when you want to keep Altcoins medium and long term, and of course choose the right Altcoins. What types of Altcoins can make long term investments? Remember, only make investment deals when you have specific reasons and strategies. The following projects / coins have a high daily trading volume and have a broad community with continuous development:
Ethereum ETH, Monero XMR, FCT Factor, DASH, are the top coins and have the most trading volume each day. You should keep track of price charts and identify low and stable fluctuations. Such timeframes could be a period of consolidation of whales, and at the right time, with good news about the project, they will act and make a profit.
Think about this when you want to keep Altcoins medium and long term, and of course choose the right Altcoins. What types of Altcoins can make long term investments? Remember, only make investment deals when you have specific reasons and strategies. The following projects / coins have a high daily trading volume and have a broad community with continuous development:
Ethereum ETH, Monero XMR, FCT Factor, DASH, are the top coins and have the most trading volume each day. You should keep track of price charts and identify low and stable fluctuations. Such timeframes could be a period of consolidation of whales, and at the right time, with good news about the project, they will act and make a profit.
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.
This always being said that patience would lead you to have good results. And really this is practical here. You can’t just think of earning big money in very start of your tenure. Rather you must understand that trading would only help you to make money in later stages. As newbie, you may be prone to many problems and causalities in early stages. So better to make this strong thinking.
good advice, to be a good trader must learn a lot and most importantly you must know when the right time to buy or sell so that you will avoid the loss and gain profit
My few tips in trading is do not put all your eggs in one basket, learn to allocate and next is expect the worst so have a back up plan for your back up plan.
Good reads. It's really fan to read but don't forget to apply what you learn from those. The discipline of trading comes in practice so it's a dull sword if you don't go to real fights
Thank you, those are useful not only for the beginners. Can I put please one of my favourite too? Stay away from trading action until you would be confident in the things that you are about to do.
In trading its not just the money you should also invest time and effort. Time because sometimes you need to hold your token if you want a big profit and effort to learn more about the crypto world.
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