Bitcoin Forum

This is a very good list of tips for newbies, and all those who are just starting to do altcoin trading should read this kind of posts, because it is true that a lot of newbies are losing their funds because of common mistakes that they are repeating all over the time.
I made one of those mistakes when i was a newbie too, but i had luck because i did not lost more than $50 because of those mistakes.
Nice tips mate.

only 50$ lucky you  ;D ;D
The only real mistake is the one from which we learn nothing.....
we all have to make mistakes, learn from them and improve our skills but i hope that will help to reduce damages at least

Great tips specially for new traders.

Still remember  that in all trades there is still a risk even how great the odds are in your favor. In trading you will have a winning trades but surely you will have a losing trade. Learn what are the mistakes you have done on the losing trade and try to study what happened  on the winning trade.

Experience is the best teacher but with these type of advice you will able to at least be safer when doing a trade. 

Exactelly , you have always to invest what you can afford to lose

An excellent list, keeping track of our trade is very important. it will be a catastrophe if we didn't even realized that we are making a loss

nice info sure

This is too much to digest for a newbie trader although there are not tips in here. In summary, you need to invest a lot of time and money if you want to be a successful trader. No shortcuts and completely focus on your activity. You should only have a good entry and exit strategy method so that at least you can a good chance to not lose your investments in short run, mitigating your the risk, as what they call it. The technical analysis will just come normally as you become more experienced. Throw your emotions, it has no room for traders here. And lastly, you should only trade money what you can afford to lose.

Totally right with you but every one can at least use 3 or 4 advices so he can avoid loosing money to learn it

this is very important information for beginner trading, so we can reduce the risk of loss if melakuakan like in this trade. thanks for the information.

Okay basically you want to say that just learn and  learn more about the bitcoin and trading ways. Yeah that's true while we step into this world of hardship where you can be rich in one movement or everything can get snatched up right infront if your eyes and you can't do anything about it. Yup, that happens many times if we don't care much about the learnings and tricks and small tips. We should be always alert about the trades because it's serious matter of money and a place where you have to be coca*** alert. We must limit our investment if we are loosing the money quickly. Because that's the thing which should tell you it's not right trade. And much more to discuss about it. Good topic and tips. Makes the trading more effective.

I find you're title 'Trading Safely' pretty ironic, because it's a very big contradicition. Trading is probably as risky as it gets (compared to other forms of investing capital). Okay I admit that there are some ways to make trades with less risks (all the points you listed contribute to hat) but overall there's still risk involved to a certain extent. I'm not saying trading is bad in any way, it's can be quite dangerous stepping in the space without knowledge and with money you can't afford to lose. High risks, high returns.

Very informative news. Investment or trading are both risky to earn money. New trader needs proper guidelines. From your information, a trader can find good information and knowledge about trade. Really a great job.

Op is quite right in some of the points he raised to a successful trading. Basically to me , trading gradually is a key. I mean, one don't need to be greedy in trade. Enter a trade with small lots size so that when the market turns around, you won't be too hasty to jump out before the market goes your direction. Remember the market is bound to go either ways- up and down. 

You can also consider, aside from setting achievable goals, one must learn how to stick with their goal and stick with their plan. When they feel that price may surpass their target, they would change their goal slightly higher and then something bad happen, price dropped and profits scaled down to zero.

Another is don't trade with your profits. You may set aside a certain percentage of your profits but make sure you set aside those some of your profits so if shit hits the fan, you didn't lose everything, just your capital. Profits still intact.

Nice list, people should read it more often  :)

I agree with that but just like what OP said there are people who would have high expectations when it comes to trading  even if they have just started.  They expect to earn big the first time they  trade even  if they know that there skills and knowledge in trading is not enough.  Trading  is a continuous learning of different points in the market and learning from experiences is the best way to understand the market more. 

It is very important to understand the market as well as to trade  safely. Every time we trade,  we must consider that there is a chance that our money could be taken away from us.

Totally agree with that and thanks for sharing But using a stop loss for my own experience make me loss more than profit because many time he juste touch my SL and go ahead for that I choose for my trading remove the SL but put in your mindto be success with this you should have a good capital and minimum risk

Noobs are noobs for a reason, and that's why regardless of the trading tips people provide them, they will still let their emotions get the better of them in case the market corrects heavily. Some people simply aren't made for trading to begin with, so no matter how much information they read/browse through, it won't help them at all. People learn from diving straight into trading and from there learn from each and every mistake that ends up in them losing money. The only thing I do agree with is that people should understand what Bitcoin is, and what motives various entities may have when it comes to manipulation, the fud that comes with it, etc. Bitcoin understanding is a must from my point of view, understanding of trading will follow afterwards.

Also, don't keep the money you don't plan to trade on exchanges. Exchanges keep getting hacked or seized, yet people keep doing the same thing

Thak you for this tips it's really a big help especially to those newbies trying to learn about trading best part is staying don't invest what you can't afford to lose

Wow. Thank you very much on this very informative tips and advice. I can apply this on my trading life, specially the "Learn from your mistakes". I have very lot of mistakes since I started in trading, I'm very disappointed those days but now I learned and I may apply those learning for my future in trading.

I think any investments it’s either Crypto(bitcoin/altcoin) or stock market (fiat) this simple tip has more impact than the others mentioned. We though sometimes that going big at the start will put as on the edge of profiting more but the reality is it has more risk 1000 times as you are a newbie in this field. Hope anyone would understand what the thread starter want us to learn. Be patient.

This is a very solid list of tips for newbies, and all those who are just beginning their trading careers. It is true that a lot of newbies are losing their funds because of common mistakes are repeated continuously.

Great jab and good luck!  :P

It is a great list, to start trade you need to be patience and you cant guess everything 100% correct, so dont trade with 100% of your fund and the most impotant is to find a good source of information dont do any panic sell, keep your head cool and always make consideration before trading

Thank you op for this useful tips and I hope some newbies in trades has learned something significant on this thread. One more addition I will like to make on candlestick is for you to develop your skills and knowledge on how to interpret there formation in a professional ways. Candlestick formation or pattern has all the information you can get from any were about the assets you are trading. If you are looking for something like insiders secret about the assets you are trading then candlestick is the best option for you. You should spend a lot of time and money to develop your skills on it as this is what professionals traders do and most of the bots are configured to place a trader based on the signal from candlestick formations.

really thank you friend up to now i have no full clarity about trading but you said this tips know to day onwards to i have to follow. seriously who don't no about this trading that kind of people seen it once really they keep interest on trading of bit coins. so it is one of the good and easiest way to earning bit coins easily. to day to i have to follow this tips in my trading.

Great tips especially for beginners, but I just added that you also need to control emotion when it comes to trading. You need to analyze how not to be greedy and not to be fearful. And always remember, no matter how competitive trading there is time to lose

That was a very good tips for those who just started trading. At first it is very hard to cope up because of the risk and the prices are very volatile. But before you start to learn trading, start first in yourself. See to it your emotions are intact. Learn how to be calm to avoid getting carried away when there's a FUD news.

the list is useful of course, it will help a lot). If there is a head on the shoulders, then you can not lose anything, but as they say on their mistakes it is easier to learn, there is something wrong, everyone makes mistakes, the main thing is that they learn the same

make sure the exchange is valid as well. That they send the payout within a reasonable amount of time and that they do their KYC process thoroughly (a high likelyhood of an exchange closing down, is if they don't follow such KYC procedures). Other things to note: see if can short-sell, if there are stop-loss orders and if you can trade with leverage. The more options the better you'll be off as you advance in the trading community

Dollar 50 should not cause some real trouble and it is good to learn lifetime lesson at cheap rates. Success is basically a long story of failure. You don't achieve your goals and desires without losing. This is how life works. Humans are made to make mistakes so it would be weird if someone claims to be flawless.

Keep on learning and never stop improving yourself. One day, trading will become the blood that runs in through your veins.

technical indicators is by far the most important thing "you have to learn" before you start trading. There are already a ton of information online about FX trading (FIAT) which is a very good place to start if you want to get involved in crypto trading. Crypto trading is so much more volatile and it doesn't necessarily follow always the patterns of traditional FX traders, even though the underlying basics are the same. To be safe, make sure to ask questions on trader's channels and talk with other people about their opinion (current direction of the market/price), you might have missed something that someone else has looked into and that can save you a ton of money if you get in on it. In general, keep your view open to new changes and always read the news and developments in the crypto space

Lol i'd happily lose 50$ while starting trading then continie improving from there. The list op gave is pretty helpful for starters though of course nothing beats experience. Take all those things into consideration and practice trading. And 50$ is a good amount to start with since like wgat happened to you, it won't hurt that much if you make mistakes and lose money

if this pattern can be applied chances to be more successful with your trade will follow, i think basic information and those who really affecting the movement are really needed to be well studied, trading is different from guessing as we do have lots of factors which affecting the current moves,
the more you understand the more advantage you have before you place your entry.

accept the consistent  trader. ya i only put some % of profit every i trade, and about fake news for pump and dump i always follow it with low capital and take the chance before price pumped, sometime i loss too  ;D