Would like to start trading. Looking for tips!!!! - page 2.

andymarker

newbie

Activity: 57

Merit: 0

Quote from: energyces on December 14, 2018, 03:28:22 AM

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!

Planning to trade in the crypto world is undoubtedly a beneficial tasks for newbies. These days cryptocurrencies are touching the sky so, if you want to generate maximum profit, go for it.

The first thing you need to do is:

Search a reliable and best crypto exchange available in the cryptocoin market
Check what security features the exchange is providing you
How it is convenient from others?
What trading fees they are charging?
Whether they are providing wallet or mobile app?

These are some of the guidelines which you need to remember when start trading. I hope the above information is helpful. Happy trading!

79b79aa8d5047da6d3XX

full member

Activity: 660

Merit: 101

Colletrix - Bridging the Physical and Virtual Worl

Try and have general knowledge of crypto to start with. Dont be in a haste to invest awlays have the patience of learning every details concerning the project you wish to trade. Learn to follow news buy any time there is an annocement and sell the rumours. Avoid greed also it kills

Bustart

sr. member

Activity: 658

Merit: 250

Quote from: MFahad on April 26, 2019, 02:25:37 AM

Quote from: richcorner100 on March 23, 2019, 11:35:43 PM

I believe crypto market already in the bottomed after dumped hard, so buy and hold now for afew month is great idea to make alot of profit but this my prediction is not guarantee to be accurate , so we should be also have risk management by use stop loss after bought any crypto.

I also suggest him to buy coins because it is down fall in market, so for newly traders have a good chance to buy coins, but don't buy coins without knowledge and speculations, see the history of coins and then start to buy them. In trading without risk we cant earn, so being a trader we should take risk.

Cryptocurrencies are unpredictable, whether you are holding, or trading, you cannot afford to put all assets in one basket. Diversification and risk management is the key to finding good entries in multiple coins that will help increase chances of profitability. Make sure to have a clear goal and reason why you're entering each trade. Start when you know why you’re starting and have a clear strategy for afterwards. We must set a clear target level for taking profit and more importantly a stop-loss level for cutting losses.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

Quote from: MFahad on April 26, 2019, 02:25:37 AM

Quote from: richcorner100 on March 23, 2019, 11:35:43 PM

I believe crypto market already in the bottomed after dumped hard, so buy and hold now for afew month is great idea to make alot of profit but this my prediction is not guarantee to be accurate , so we should be also have risk management by use stop loss after bought any crypto.

I also suggest him to buy coins because it is down fall in market, so for newly traders have a good chance to buy coins, but don't buy coins without knowledge and speculations, see the history of coins and then start to buy them. In trading without risk we cant earn, so being a trader we should take risk.

Whether a newbie in trading or taking a chance in this exciting and challenging market, we have to be aware of what are the common mistakes to avoid inorder to gain skills, experience, and be successful. Don't be too dependent with others, they too are busy doing their own tasks. Doing own research is the most important step before entering into any market. We need to understand what a coin does, its price movements, the stage of developments and so on. Crypto market is volatile by nature and panic selling at the bottom will never be helpful. To be a successful trader, we need to follow crypto news and be informed on all recent and upcoming market developments.

MFahad

hero member

Activity: 2506

Merit: 644

Eloncoin.org - Mars, here we come!

Quote from: richcorner100 on March 23, 2019, 11:35:43 PM

I believe crypto market already in the bottomed after dumped hard, so buy and hold now for afew month is great idea to make alot of profit but this my prediction is not guarantee to be accurate , so we should be also have risk management by use stop loss after bought any crypto.

I also suggest him to buy coins because it is down fall in market, so for newly traders have a good chance to buy coins, but don't buy coins without knowledge and speculations, see the history of coins and then start to buy them. In trading without risk we cant earn, so being a trader we should take risk.

Aivaryamal

full member

Activity: 1162

Merit: 101

The most important thing in trading is to distribute your deposit into several cryptocurrencies and several parts, which will help to diversify the process and make a profit over time, you also need to be patient and not fall into excitement

BlackPanda

legendary

Activity: 1414

Merit: 1001

Quote from: Cherylstar86 on April 25, 2019, 10:51:49 PM

Quote from: Bagaji on April 25, 2019, 06:02:40 PM

Crypto currency market is a very good place to invest your money and expect good return in no time only if you invest wisely. You can diversify your investment in different top 10 altcoins which I believe will bring good return to you at the end of the day.

Indeed, we should not penetrate on trading without enough knowledge to deal the possible consequences, either we are lucky to have what we aim or gain with huge of loses. Thus, experiencing of loses will give you an accurate strategy on when will we able to trade, to evade from loses. At this state, we have to be wise on every deliberance we take and in order to gain massive profits.

Knowledge is important when we want to start trading. So we are required to have knowledge when we want to achieve success. but never give up, we also have to keep trying because by trying more often we will get more experience. We have to do things like this because we have to train our abilities so that in the end we can achieve success.

Cherylstar86

sr. member

Activity: 1484

Merit: 253

Quote from: Bagaji on April 25, 2019, 06:02:40 PM

Crypto currency market is a very good place to invest your money and expect good return in no time only if you invest wisely. You can diversify your investment in different top 10 altcoins which I believe will bring good return to you at the end of the day.

Indeed, we should not penetrate on trading without enough knowledge to deal the possible consequences, either we are lucky to have what we aim or gain with huge of loses. Thus, experiencing of loses will give you an accurate strategy on when will we able to trade, to evade from loses. At this state, we have to be wise on every deliberance we take and in order to gain massive profits.

Finestream

hero member

Activity: 3052

Merit: 606

Quote from: Bagaji on April 25, 2019, 06:02:40 PM

Crypto currency market is a very good place to invest your money and expect good return in no time only if you invest wisely. You can diversify your investment in different top 10 altcoins which I believe will bring good return to you at the end of the day.

I agree.Investing in cryptocurrency has a bigger risks compared to other investments so atleast you should know how to diversify your investments well.And make sure to start your investments with a small capital first so that when you lose,you can still recover anytime.

Bagaji

sr. member

Activity: 1330

Merit: 291

Crypto currency market is a very good place to invest your money and expect good return in no time only if you invest wisely. You can diversify your investment in different top 10 altcoins which I believe will bring good return to you at the end of the day.

miningguru

full member

Activity: 1134

Merit: 103

Quote from: yvesp110 on March 23, 2019, 03:49:26 PM

Quote from: TheUltraElite on March 23, 2019, 03:10:48 AM

Quote from: D3m1r4wanti on March 19, 2019, 09:22:09 AM

the best tips are to learn first. learn from the experience of people who have been in the crypto world.

Except that the experienced people are mostly pump and dump shitcoin still stars pumping up their bag holding coins like anything so they can dump on your mouth open wide. If you are taking their advice it's important to be resistant to such propaganda which most newbies would not be able to and thus I don't recommend those to new traders. Rather learning from other markets like stocks bonds precious metals to get a fundamental idea about the crypto market is a good idea

Quote

You have to know about good and bad when you first trade.

It's not always possible to know that.

Quote

do not let you become a fool in trading, because your fool will cause financial losses and profits for those who are experts in the trade.

Becoming a fool is one thing. Remaining a fool is a worse thing. Rectifying the mistake of foolishness is what people should learn.

Yeah repeating your mistake will become a blunder so better learn from the first mistake and take it as an experience, if you want to trade and you are new just try to gain knowledge and information about trading, for trading patience and knowledge are two main weapons and keep your emotions away as price will rise and fall many times.

We need to be very careful with the market because everything seems to be very perfect suddenly the prices will drop again. So as a trader we should panic either the price increases and a decrease in the market. Move according to the situation of the market.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

First of all congratulations that you choose an unique profession in order to make your living.
So boy as like other jobs in this also you should know all the basics and fundamentals. I mean don't just invest all your money at first attempt.
Be confident on yourself and just listen to your conscience.
Moreover patience is the thing that play the keyrole here.
If you follow these things then you will surely succeed.
Wish you good luck mate 😊

pinggoki

sr. member

Activity: 1498

Merit: 416

Quote from: energyces on December 14, 2018, 03:28:22 AM

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!

Well as of now it not quite good idea to do some trading due to fact that market is bloody but anyway. Before engaging in trading you must have a plan first, have more knowledge with regards with it, be patient all the time and control your emotions. Besides, don't forget that if you make a mistake you shouldn't be down but rather use it as a motivation to never do the same mistake, deal with and learn from it. I guess most of traders here had made horrible decisions before but look at them now, they able to manage and rise up again. Therefore, just don't be contented on what knowledge you have now , you must still learn and experience all the things you need.

bcoinseliot

newbie

Activity: 66

Merit: 0

Successful trading is a combination of knowledge and skills that are obtained via experience. Learning the basics is good but it worth nothing if it can’t be applied on practice. So for very beginners as you, I’d recommend practicing trading on a demo account in parallel to reading. It will allow you to gain invaluable experience and trading skills without risking money. If you are interested, CEX Broker enables to create free demo account: https://cexbro.com/. And then using acquired knowledge and skills, your chances for wins would be much higher. By the way, this platform also offers a stop loss feature that is a vital tool for every trader as it reduces risk. I advise to use it for each trade because a stop loss can save you a lot of money.

gaston castano

sr. member

Activity: 1526

Merit: 251

Quote from: OgNasty on March 27, 2019, 11:58:16 AM

Have a plan. Enter into trades. Select a buy point, and a sell point. When it hits your buy point, buy. When it hits your sell point, sell. Don't get emotional or change your opinion based on market movement. Be patient.

for beginners, determining the point of purchase and sale is of course a difficult thing, because of course they are still lacking in experience and they will see the fact that the market situation is very different from what they imagined, so it will disturb their emotions, and make it difficult to make wise choices.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Have a plan. Enter into trades. Select a buy point, and a sell point. When it hits your buy point, buy. When it hits your sell point, sell. Don't get emotional or change your opinion based on market movement. Be patient.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: yvesp110 on March 23, 2019, 03:49:26 PM

Yeah repeating your mistake will become a blunder so better learn from the first mistake and take it as an experience, if you want to trade and you are new just try to gain knowledge and information about trading, for trading patience and knowledge are two main weapons and keep your emotions away as price will rise and fall many times.

I wish more people would actually learn from their mistakes rather than repeating them. Its something that humans always do in every sphere of life but they fail to realize it because they are egoistic. We will make mistakes but identifying the mistake and not doing them again is what makes us different from the rest of the common folk.

I see people buying shitcoins everyday while listening to the same old youtube shillster koolaid and even if I try to dissuade them they wont listen but ask me to put my money there too. But then we all know what happens with bitconnect Cheesy

richcorner100

full member

Activity: 616

Merit: 100

https://exip.live/

I believe crypto market already in the bottomed after dumped hard, so buy and hold now for afew month is great idea to make alot of profit but this my prediction is not guarantee to be accurate , so we should be also have risk management by use stop loss after bought any crypto.

yvesp110

hero member

Activity: 1092

Merit: 501

Quote from: TheUltraElite on March 23, 2019, 03:10:48 AM

Quote from: D3m1r4wanti on March 19, 2019, 09:22:09 AM

the best tips are to learn first. learn from the experience of people who have been in the crypto world.

Except that the experienced people are mostly pump and dump shitcoin shillstars pumping up their bag holding coins like anything so they can dump on your mouth open wide. If you are taking their advice its important to be resistant to such propaganda which most newbies would not be able to and thus I dont recommend those to new traders. Rather learning from other markets like stocks bonds precious metals to get a fundamental idea about crypto market is a good idea

Quote

You have to know about good and bad when you first trade.

Its not always possible to know that.

Quote

do not let you become a fool in trading, because your fool will cause financial losses and profits for those who are experts in trade.

Becoming a fool is one thing. Remaining a fool is a worse thing. Rectifying the mistake of foolishness is what people should learn.

Yeah repeating your mistake will become a blunder so better learn from the first mistake and take it as an experience, if you want to trade and you are new just try to gain knowledge and information about trading, for trading patience and knowledge are two main weapons and keep your emotions away as price will rise and fall many times.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: D3m1r4wanti on March 19, 2019, 09:22:09 AM

the best tips are to learn first. learn from the experience of people who have been in the crypto world.

Except that the experienced people are mostly pump and dump shitcoin shillstars pumping up their bag holding coins like anything so they can dump on your mouth open wide. If you are taking their advice its important to be resistant to such propaganda which most newbies would not be able to and thus I dont recommend those to new traders. Rather learning from other markets like stocks bonds precious metals to get a fundamental idea about crypto market is a good idea

Quote

You have to know about good and bad when you first trade.

Its not always possible to know that.

Quote

do not let you become a fool in trading, because your fool will cause financial losses and profits for those who are experts in trade.

Becoming a fool is one thing. Remaining a fool is a worse thing. Rectifying the mistake of foolishness is what people should learn.

Topic: Would like to start trading. Looking for tips!!!! - page 2. (Read 19993 times)