Topic: Would like to start trading. Looking for tips!!!! - page 6. (Read 19993 times)

First of all find a proper broker or exchange for trading because it means a lot.
In general the process of trading is almost similar

Start a demo account just to see how technical aspect is done
Then learn what stop loss and take profit means and decide whether you should use it or not
After learning the basic features of operating the trading account you should search for several resources where you can get analysis for the pairs you prefer to trade.

Then start following analyses on a demo account - you should understand how it will affect your real account.

I think that before trading, you should take into account:

1.- If you do not know how to place positions in Exchanges, do not start (do some tutorials to learn how to use them and how they work, there are many on the web).

2.- You must learn to use Stop Loss, Take Profit, Order Limit, among others very well.

3.- Establish what you want to do, Invest or Speculate.

4.- You have to take into account that the investment is to take long-term benefits, and to speculate is to trade and obtain results in the medium or short term, some trading takes a longer period of time.

5.- It is essential that you have your own criteria, before taking any trading training, if you plan to do it, the best thing you can do is read books by important authors such as Wyckoff, Livermore, Down, Warren Buffet.

6.- Only of Technical Analysis and Indicators you can not let yourself go, those are just tools, you must learn that the main thing is to understand the market, that you have a concept of how you can move.

7.- Remember that before putting your money in Trading, it is best to practice with a virtual money account applying what you learned in the books (practice in this way, is that you take experience, use the tools well that you offers the Exchanges).

8.- Choose an Exchange where you feel comfortable, before placing your Take Profit, the first thing you should do is put your Stop Loss.

9.-Do not make trading a stressful world, where you have to be stuck to your computer all day without having your life, so look for an Exchange that allows you to place an order including your Stop Loss and Take Profit.

10.- Trust your Strategy and respect it, do not make changes at the last minute, if you lose, assume your loss and if you win congratulations.

Dear energyces,

First of all I want to tell you that trading is not so easy. Trading is a critical thing. No one can trade without a proper knowledge. You must be know that what is trade and where to trade. Nowdays trading is most popular for earning. But it is not so easy to make profit by doing trade.

So to start trading you should research the market value of currency. You should gain a proper knowledge about market. Without it you cant do anything. So research as much as you can do. Then you need some capital for starting your trade. Without capital you cant start trading.

Thank you.

Learn with the small amount first and after you are confidnet enough then you can increase the amount you are using for trading. Understanding all the functions in the trading platform is also important btw.

Don't put all you fund in trading so if ever your trading has failed still you have enough fund to recover on it.
Let's just say set only that you can afford if ever it will be losing so that there's another fund to back up. Choose wisely in trading on which good coin you want to make the profit and remember that below 100 top coins in market cap is too risky, much better if you've chosen 10 coins in the market.

The world of digital assets can also be analyzed both fundamentally and technically, but sometimes it is very unpredictable and is not subject to any explanations)

Just keep these points in mind when trading at this market situation. Set a minimum profit threshold. Choose the best coins though they might be cost more. Watch out the volume they trade on. Choose the exchange where the particular coin you have chosen has much trade volume with less transaction fees. Choose, BTC, ETH, XRP, LTC and USDT coins.

Trading is good choice for you bro and here is sthe tips that I want given to you if you are newbie.  Use only the extra money as your capital. Every decision you made makse sure you ask the expert or the successful trader so they can gives you advice from that. You can do your research too and better that you have plan and use different unique startegy and you can create your own strategy too.

There's an easy way to monitor that, you don't need a note book anymore, it's so old school.
Use your computer, you can make an excel to monitor your profit or your performance in trading, its necessary as you need to judge
based on result and not on the way you feel it, in trading you need to be realistic all the time.

I think he's not looking for trading bots, he is looking for trading strategy tips tho I guess he already found good strategy for him given this been a couple of months ago plus many answers rained him,

btw, you looked very sure about the gains that the bot you mentioned can bring to you, have you tried it yourself? how much profit have you made so far since you used it if ever? I think I'm interested lol hehe, sorreeey for offtopic XD

the safest tip is to find a teacher who wants to provide guidance and share knowledge. never trade alone without a supervisor. maybe you can find friends who are able to trade on social media or siblings or coworkers, do some trading simulations with your friends without using money, do it until you master the price action that occurs. this really helps you if we go into real trading, because if we make a mistake in making a buying and selling decision, a big loss can make us.

Have a look into Sampey's CAT auto trading ping pong bot. Helps take out the guesswork and leaves all emotion at the door so to speak. Just solid gains that you set the %s at.

To get started, you can explore different trading strategies. It is also necessary to always control your actions. it is best to write down in a notebook all your transactions so that we can then analyze all the mistakes.

my general opinion for all the new people is don't trust anyone for profession because no one will die due to the right direction because no one had the time and patience to teach anyone so we need to move on with our own experience and want training this will be there right ID also to get a good person in this field.

Nice suggestion mate, you have mentioned all those nice tips I was going to discuss with my friends, greed is not good things not only in trading but in all fields business, you will have to stay calm and wait for right time for buying and selling later on , it is  not about affording lose to invest but only invest if you want to make profit and increase your money so trade confidently and don’t panic.

The most important thing in my opinion is that you know the basis of trading, then you learn what makes the market move, you can also read and filter crypto news and determine the signal that will occur in the movement of coins, and based on my first experience, I am more inclined to follow expert analysis and filter out that information.

I agree with you, that it is better to trade in a few coins but making sure it was been having a big potential in the market so that you will reached your desired outcome in a right time and helps you to minimize the potential risk of the market.

I figure you ought to become familiar with perused and forecast candle chart, on the grounds that from the candle chat we can perceive how bitcoin in a few hours/days after the fact. This is imperative, in such a case that you don't have the foggiest idea about this how you can pick best time to purchase or move?
Begin from just by little sums, here don't searching for the benefit first however searching for an affair and information, after you have enough understanding and learning you can begin from greater sum.

The best tip or strategy to win in trading is Buy low and sell high,remember this thins while you are doing trading then you can make profits.

Don't try too many trades initially just stay with few coins and it needs to be best coins.

I suggest that you first have to learn first about the crypto world, learn about the technical and fundamental in trading, and don't forget to learn the risks because in the world of crypto the risk is very big, and if you understand everything, start buying coins which I think are very convenient damn cointoh like ETH, Ripple, SRT, TRX and others.