Bitcoin Forum

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.

2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

Hope this could help some newbies in trading crypto

Two very important tips for beginners in trading:
1.   Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2.   Many traders cannot spend much time in this market.  Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process

This is totally helpful for beginners. Regarding the point "Know yourself" - this is vital. Do not jump into Crypto trading because someone else is doing same. Have the passion for it and be ready to learn. Ask yourself if you will be able to withstand the volatile market conditions. And importantly also, your personal goals as in what you wish to achieve from Crypto.
Thanks for the advice.

As trader you need to be able to admit lost trades. Be able to say "i was wrong" and cut losses. It might be hard and sometimes will make you eat your table when coin will rebounce after your sell but it is must have. Dont jump into trade when you see opportunity on 5 min candles for next 30 min time period and stick to that position for weeks hoping for it to recover. Alwais have exit strategy when entering market. And alwais change it if you see that market is not acting like you predict it.

To help admiting lost trades try to thing about trading as regular job and lost trades as fuel to get to work. Because there is no 100% accurate trader with 100% win trades.

my advice first point you have to know which coin you will buy and see its development, suppose there is a potential to ride immediately buy and the second point is you have to be patient in trading in crypto world.

1st) the first way is that you check his team membars, and contact them,
2nd) find out it's registerd in bithub,

1. You should be able to analyze the coins you will buy because it will affect your coins and assets
2. when you sell it you have to wait for the time and target you want.

Stick to your plan.
The most difficult part when you are already in trading.
There may be changes when you are already live. Emotions come, panic selling and buying because of the hype. A lot to be considered.
That plan may always change. I think most of the users will agree with me at some point.
You cannot see what will happen so choices will be made at some part of the plan.

Defining risks involve in trading is indeed an advantage to where you can manage or endure the pain there is. Exact your limitations might come in handy set your range at a price and never let go on how you rule out all of that, gotta keep fighting and enduring that's how we do business.

Very deep analysis of the coin which you like to inverse your money is the best way to know your investment on the right asset.It is essential one before investment.If you want to get profit,you should hold the coin for longer period.As you hold it for the longer period,you will get that much profit.

First research about the coin you want to buy you must be open minded that sometimes you may win sometimes you may failed and lastly be patient because sometimes holding token will give you big profit.

One more. Don't be greedy. I was once a beginner in fact everybody who are trading in here were once a beginner. So, what you need to do is not to be greedy and trade and trade.

Thank you op for offering this important advice to newbies and new investors. I think if we follow this advice we would make something great from trading.  Another thing that I may like to ask is that trading is a very high risky venture and putting your hands in it should come with this knowledge.

if you are a day trader, better choose coins with high volume. and you can divide your capital into 2 or 3 parts to back up if the price goes down. if your capital is not much you focus on 1 coin, my experience when the began of trading is to take profit only 10-20%.

Your statements are certainly correct. But I would advise novice crypto currency traders to first of all learn how to trade in the financial market or the stock market, and then try their hand at crypto currency trading.

I wouldn't kid yourself.  There is a reason the "hodl" meme is so popular.  It is a tried and tested sentiment that actually works.  Crypto markets are heavily manipulated and they move like a sporadic rollercoaster.  The only people that should really attempt to day trade are those that own exchanges or have some valuable insider information.  This is just my viewpoint at least, if you are successful more power to ya.

I, sometimes lack this tip in trading. I know for a fact that my ta will happen and my plan will work but I still doubt myself. Thus, making my trading do some problems. Our own guys usually works most of the time.

Understand your needs.

+1 Good stuff. It's crucial to keep in mind your goal (f.e. "no more 5/2 slavery" or smth that inspire you). It will give more energy to grind

It is just too easy to say but a hard thing to do to beginners. A lot of beginners fail just because of their emotions and I know it is hard for them to master it since they are just focused on earning a bunch of money and not on how to learn the market.

Thanks for the useful post,  I consider it very useful. as for the goals, I think that they are the most important for reaching success. i think that these tips are the most helpful for me and all traders-beginners

Basically if we are getting into the crypto trading then we should have already known the fact that we are jumping into the danger zone where there can be risk of emotional break down as it is about the money. The money is very important and very attaché when it comes to the buying and selling of it for the profits. If we are able to make the profits then there is no problem. If we are not good at handling our emotions while making the trades then we shouldn't be doing this in the first place. So you see its all about how you manage yourself, or we can always change ourselves while jumping in to get ready for the worst situations.

True. To summarize the post of op, #1 is set your goal and #2 is stick to your goal.
It's easier said than done tha'ts true. I fall into the same trap over and over again until I get the hang of it. You need to have the nerves of steel not to be bothered by FOMO. With the use of technical analysis using different tools, you will have an idea if its about time to jump of the boat or stay.

No good tips, analysis of project evaluation or pennies is needed. If you decide to invest, you should learn the techniques of analyzing and holding the coins for a long time.

That was nice advice for a newbie. This is the truth that we need to know me to start the trading. We should understand our own ability, our knowledge. This is not a mind-blowing place, this is a knowledge base place. How much skill, how much savings from losing.

This is really important, in selling don't wait for the peak of the breakout
hence, make a sell order ahead. don't be greedy. discipline is the key

We should understand our own ability, our knowledge. The money is very important and very attaché when it comes to the buying and selling of it for the profits. If we are able to make the profits then there is no problem.

Understand and know the right timing in trading, knowledge is the best thing  we have before trying one thing especially trading, all of us know that trading is very risky and we need to face the reality that we can lose our money on it.

1. Read and analyze a lot on the topic of trade.                                                                                                    2. Always follow the market and be ready to lose money. If you lost money, do an analysis of the situation at which you lost.

there are some suggestions for beginners to trade bitcoin, the first is that you should be able to keep track of price movements is very important because for a few seconds the price can change, and the second is to target your profits do not trade using emotion because it will plunge your own .

Only one TIP for all the beggiinners on trading.
Just focus yourself and do not panic sell when there is a decrease on the price of 1 - 2 percent, because by this way, you will lose your main vision of that trade.

Agreed,Beginners must educate regarding trading and learn about market and coins.Knowledge is power and without knowledge you cant survive in the market so groom skills and expertise and control your behavior according to the situation of the market you will win.

The worst thing in trading is that you might sell or buy too early sometimed, though you still make the profit you can't make enough profit.

For me the second point is quite strange because I don't know how the fortune will define my day, if it will be a great day trading I think I will go till I can so it is really hard to point some goals out.

Newbie needs this because they will adapt this once they started in trading. Knowing yourself is good because you can know what is your weakness and you can control this once you will experiened dumping price while you are in the trading.

I'm start learning to trade but I feel it's so difficult. Thank your post, it's very useful for me.

This is just 2 of the many many tips that many people give to traders but many don't know how to apply it to themselves. When I am starting as a trader, I tend to read some tips and tricks in the Trading Discussion. I saw also this "In your first times in trading, you will lose all of your money".

I think I will just add 2 more tips for the newbies like me in trading.

1. Don't just jump into trading without knowledge - For me, this is the main reason why most traders including me loss some or most of their money. They just jump into trading without enough knowledge like how to read candlesticks etc. What is worse is most newbie traders like to spoon feed all of the knowledge they want to know. They will ask everything to you and they don't have the diligence to do some research for themselves.

2. Be emotionless - Maybe most traders always saying this but this is the one of the hardest tip to do especially when you are new into trading. When I trade for the first time, I tend to loss most of my money because of FOMO's. I FOMO'ed twice already and that made me lost my trading funds into half or even lower. If you are trading, just trade calmly. If your bought coin goes lower, just hold it and don't panic unless you know how to do stop losses.

These are just additions to the post of the OP.

Foe the ones who are interested in going for day trading and that they are about to start their trading carriers, it is better not to jump into the world of the trading until and unless they have acquired enough of the skillset and that they don’t have this much of the knowledge which can then help them out in having some good plan to make more money. Start with least possible amount and then gradually increase the amount of investment.

Two things you have just said are very useful for beginners. I'm a beginner so I do not have much trade experience. The special thing I keep in mind is that I always look at the market capitalization of a coin. Before investing in a coin, I always find out what the strategy is and how much potential there is. With new people like me, I always choose coin in the top 20 coinmarketcap to invest

I'm pretty sure that there are lot of newbies will be knowledgeable if they see or read this topic. There are many people that want to engage their life on crypto investments and trading, this statement of yours is good enough to motivate and encourage them.

Trading is all about analyzing. For the perfect analyzing, we must need sound knowledge. That will be possible only when we are taking time for learning different aspects of trading. I guess that will be only one tip which will be enough for beginners, that must be continuous learning.

To my mind, the main recommendation is to sell when the price is high and buy when it is low, i think that it is obvious for everyone who has ever wanted to enter the crypto market as this is the main rule

No need to have many tips, you just hold the patience you will be successful. That is the secret of many people do.

Many Tips available for begineer But in this topic said 2 tipshere my recomment Tips  1. You should be able to analyze the coins you will buy because it will affect your coins and assets. 2. Read and analyze a lot on the topic of trade.

It's not only of being patient will give you success but it needs to strategies and give efforts. Even though you have a plan but if you won't do it,  it's still useless and be just a plan forever. We cant deny that, and mostly have that attitude.

Buying or selling may happen too early only because of lack of knowledge. Making enough profits will be possible when we are having good knowledge about trading. People who are getting into trading with a rash, definitely will fail in making good trading calls. They must learn trading first then only they can make good trading calls which will help them to sell or buy at right times.

Select your best choice and search out the market price is low or high, once you see low price then buy a lot and wait for the market price to go high again which is reflecting that you will be in benefit for which you have to buy in low market. The Bitcoin’s market is available these days with low price per coin so we have this better choice after buying wait and sell in high market.

These tips are very good for beginners to kick start their trading careers. Knowing your limits, your risk appetite is very vital in trading. Also, sticking to a trading plan is also what you need to stay profitable as well

Understand your risk factors and know when to get out are the two most important tips I can give to the newbie traders. People become holders very early and wont sell the profits when they can. Its definitely not how trading works. Get your profits and dont regret about it.

These are really what a trader needs to use to kick start his or her trading career. One needs to know wether he is a conservative trader or an aggressive trader to be able to ascertain his or her abilities in trading. Overall, nice tips

to start trading we are required to observe the movement of prices and also news circulating through social media such as twitter, fb etc.
and also with that patience is the key to success in achieving success.

I'm not having any confusion over the second point. If we are sticking with our plan then we can definitely hit our fortune which will be helping us to find our day. We should believe into our trading skills to find a great trading day otherwise trading will turn as a gambling.

Trading is a very scurrilous task if you don’t follow coin price you can lose your whole money off if you make a wrong order you can lose your money. Most of the beginners make one mistake that is the wrong order. Never create a wrong order, must follow market price than open a perfect order for buy and sell. This is very important never make a trading over 10 times if you lose 3 times in a day. Must control your emotion, without control emotion you can’t make a good result in your trading.

and I think the most important thing in trading is always be careful in making decisions, you should not be influenced by anything

the two things that are you mentioned often get disregards not only to a beginner but also to the veteran, well if fomo attack everyone can be a part of the said herd. The problem is the discipline part where you always do your trade on something like this though.

This advice is good for newbies moving on towards intermediate level trading. As a complete newbie just invest in some dogecoin and practise on the exchanges and wallets, then learn to profit trade afterwards

You are right, the strategy is very simple and that is to buy when low and sell when the price goes high, the problem will only occur when you cannot handle your patience and you sell your coins at its lowest price even the market value's are currently low.

CET is very good
EST. daily dividend per million CET: 0.31073682 BCH

The total CET supply is fixed at 10 billion.

Trading strategy depends on the level of risks you want to take. If you are into high risk, yes you can reinvest your capital and profit. The safe bet and lower risk option is to take back your capital and reinvest with the profit you have made.

Risk analysis is definitely one of the crucial factors while determining the trading strategies. I have seen people taking decisions considering the decisions of others and they simply ignore their own risk-bearing capacity.  On the other hand, that's why the investors having no investment plan at all couldn't stick with their investment decisions. These factors are interrelated in my opinion.

I want to take the conservative way of trading which is to take back my capital and let my profit do the rest. Of course if you have bigger capital then you will have bigger profits as well but then when the opposite happens then you will have bigger loss so you should take all this into account and decide what is best for you. I would just like the conservative way because it would be favorable on my part knowing that my money is already safe and whatever happens to the market, I am in profit.

   

I agree that we need to know yourself before we trade and we need to have a plan for trading. without having that two tips, we cannot survive in trading and we cannot make a profit too. knowing yourself is the most important things that we need to know because, in trading, we don't have to be greedy when we see our profit is big and it's better to take that profit while we can before it's too late. we need to always control the emotion in trading too especially when the price is down because this is only attracting us to cut loss the coins at a low price.

Don't get this literally, use the tools and indicators.
use stop-loss if you're scalping if you're into day trading
be flexible, doesn't mean you're losing you need to sell,
you can hodl and wait for the coin to pump again.

1.Knowledge is power
2.Set an amount aside
3.set aside time too
4.Start small
5.Avoid penny stocks
6.Time those trades
7.Cut Losses With Limit Orders
8.Be Realistic About Profits
9.Stay cool
10.Stick to the plan

Invest only such amount you're not afraid to lose. Be patient with selling.

Plan to is very important and is more useful, I don’t think knowing my self is part of this but Control my self is more important in crypto world. In order to stick in your plan you need to control your emotions and self. Thats all.

Yeah there are many tips to follow and I agree with you to read anything from market to predict price, including marketcap, because
that is the most important part. yeah right, trading needs more allocation so you can understand what will happen to the market..

determine your risks carefully.
this is certainly going to be done by everyone in the trade, nevertheless the trade name there is definitely a term profit and loss. Because not always what we want the same as the reality that the name of the market price must change change can go up can also go down.

plan your goals and stick to your plans.
the plan of a merchant would want to earn a profit and stick to your plan is not going to be easy, because if we have entered the market and start trading what we think would have changed.your motion will come and happened panic buying and selling because market movement is very fast .

3rd tip, don't trust anyone. TRUST YOUR INSTICT! This is what I've learned in cryptocurrencies. Don't join in some pump groups and signal groups that are unpaid. They are the only people that can get profit out of those. SO DON'T JUST GO IN THERE, FALLING TO THEIR TRAP.

Well, those are some nice tips. Unfortunately, they are tips that can only be applicable to those who have decided to learn first and be sure they have enough knowledge to push further. The best tip I would ever give anyone is to learn, practice with little after wards, keep learning and until you have gain some confidence to see your strategy is good enough to keep giving you good profit, then do not even think about going in proper. That would save any newbie the frustration of losing almost everything.

Usually traders dare to hold the position of loss until a long time with the hope the price will reverse direction. In fact this way of trading will tend to destroy your account because you never limit the risk. Any sophisticated trading strategy used, you must still determine the stop loss as an early protection. Test your strategy first and do not change strategy quickly. If you've found the right one, be consistent with the strategy you've chosen and the discipline of using it.

Investing on ICOs are very much riskier than the trading and holding and it is definitely not for the newbies because there are lot of ICOs were scam and targeting the newbie investors so don't invest on ICOs if you are new to crypto currencies.Experience is the important thing needed to be successful in the crypto trading you can get that by yourself once you actively involves in trading.

1. You must know when to buy and whether the coin is potentially in the future.
2. You must be patient when selling it, do not lose and sharpen the analysis.

1. before you trade you must know first the risks and losses bberdagang in crypto, do not until you despair.
2. you should be able to manage the emotions when selling and buying, the key to successful trading is patient.

That may be one of the reasons why many new investors are doing panic sell when prices start to fall dip, we already known this crypto price always has much volatile since few years ago, but those new investors just want to get instant results, while volatile crypto could be a game of the whales.

I do agree with this. The number one enemy and problem for most traders are their emotions. They should try to master it first before entering in the market.

Know yourself.
The best tip for all specially those who are just leaning on their monthly salary.

I have heard a lot of rant in telegram group when one token from an ICO is dumped hard. What they say?
How they will feed their family if the price is like that? WHUOAT?

You risked your money for feeding your family into buying a crypto? That is one shitty move from foolish people. I puked afterwards.

I would like to give this good advice to my Wife as she wants to learn day trading but it is very difficult for her because she lacks self confidence she says. I will tell her to just test the waters with small amounts of risk capital as we lost too much value from our portfolio holding altcoins and tokens. She wants to try and balance things out by day trading to earn a living now as things are very hard in other crypto areas where she has been working in right now.

One has to be a time observer while trading crypto. Be sure the market is ready for your product and you can only sell if you are selling your coins. This is very important. Besides, having some good knowledge about the technology and perfect market information guides a lot in deciding when to buy or when to sell.

Normally when you have a good profit margin in crypto, you should sell your coins but should not sell the entire portfolio for leaving crypto after earning isn’t good. Crypto is not only for profit but for so many other services.

I think that's right, a novice must recognize himself, because only he can know where the logical mind goes, control emotionally, beginners must also understand the trade and development of trade and technological developments. Also must know the purpose in trading, where the direction of trade is expected, the main purpose is to get big profits, but also to be able to make a strategy when it's time to buy, when it's time to hold, and when to sell with the intended purpose.

I think that trading volume should not be excluded from deciding whether to invest in a coin..

Keep all of such advices in mind too but I think one must learn this trading world from scratch. This platform is for learning purposes and you can ask whatever you have got in your mind but believe me if you don’t take things from start, problems will never leave you. They will surrender you ever other moment. Learn from here too but start researching this whole story.

The risk will be always depending on how big investments you have made as well as the profit and that is the reason why you should always study the platform of the coin before investing a huge amount.

When for the first time I was here in bitcoin forum, the first thing is just read was comment relating to this statement. That just said, do invest only such amount that is easily be afforded in loss scenario. So yeah, one must not become greedy and start investing all what you have at starting stages. This statement can become proved wrong but only in scenario when you are experienced trader.

Risks and losses are innately part in the field of trading.  As a newbie it is important to gain knowledge and formulate a plan or learn to strategize. Stick to strategy that works effectively for you and not depend too much on others. Take every success and failure experiences as a platform to grow and be a learned trader or investor. In this way, it can help reduce the level of risks, like investing an amount you can afford to lose and not to be directly driven by emotional stress. Be observant, do research, don't limit your capability to explore more ideas, and study and familiarize its nature.

1. Set realistic profit targets for profit target from each transaction.

2. High advantage and high risk of course and you must also understand is the price movement or price characteristics.

Love this. But somehow others wont make it that way.
They do list numbers of when to withdraw or how much it should just be and yet when a pump comes they cannot ignore the fact that they will still wait for it to stop.

That already ruined the profit target that you listed and also this will be the start of the losing moment.
If you ask why then it is because of the fact that you made another number into where you will withdraw.

Example:
1 - the regular price
2 - the target profit
3 - is the pump
4 - more pump (you are now looking forward for this number) if it suddenly dumps at 3 then you will wait for it to go to 4. Until suddenly it goes back to 2 and then again you will wait for 3 before withdrawal.
You are setting new numbers for target profit until the fall arrives and you cannot do anything about it anymore but just regret.

Lesson: If you pick a target price then do it. Do not make changes just because of your greed.

There is great need of some basic tips and knowledge when you are actually starting to trade in the crypto world. The first is the understanding about the technology that you need to have otherwise it is completely useless to invest in crypto.

Besides, you need to be aware of the market and having perfect market information and market knowledge can help you act wisely in the market and take the right decision in the right time so this is also very important. The last thing is the crypto evaluation and one must be good with it. Of course you have to be patient in the bear market in order to minimize loss.

LOL. You are right - these tips will help her. probably, she will think a bit (about herself) and refuse to start trading. However, the situation will be quite different. Being a trader little bit, I started to understand what it is - to be patient.

It depends on the hours and the hourly basis and you have to be careful with that.

Great that you've pointed this. Most people look at the price instead of marketcap and think that if for example Cardano costs $1 than it's a good price to get in..

My advise would be that after you developed a plan, based on established ideas, do not steer away from it. Unfortunately if you're new to trading you most likely will, and learn your lesson as a result. You might put more money into one coin than you should because you just have a feeling, and then lose a large percentage because of it. It always happens.

Yes, this is the good information you have shared but I thin one more good thing that is how to plan what you are doing if you get success to do whatever you want to do then your goals and plans will get success so I think the main thing is the strategy that how you can work and observe about the work plan is it good for you is it achieve your goals and it is suitable for you according to your investment.

it may be quite helpful for a beginner, because sometimes they are too hasty in trading, and sometimes they only have desperate capital, without composing the strategy. Well, but I want to add it, maybe you should start with coins that have great trust and good potential in trading. like BCH, or ETH.

Thanks for this one of kind thread. It's simple but Helpful Like to us a newbie on trading. You canno't see such a kind of thread like that because all those people posting here is all personal thread not helping other people to teach on crypto. Two thumbs up to this thread.

The tips you gave are really good tips for any new trader as a beginner. We need to define the kind if reader we wish to be before starting off. You need to equip yourself with adequate knowledge and you need to know how your manage your risk so as not to get too exposed in your investment/trades

There are lots of tips out there, but it does not matter since at the end of the day, it is us who will do our own strategies, we can have our own tips in our life, those tips are just starter guidelines so it does not matter to follow it all the way, since if we will study this trading, we can come up with our way. But if you are newbie better to seek those tips and apply to yourself.

The trick for newbies is that they should know where they are and how they look. They should know the basics of the market, and do not listen to anyone investing in a coin only

My tips for beginners is hold and do not panic! if the price of your coin is dropping dont panic and wait for high investors buy it and soon the price of your coin will encrease.

Holding is good, but I'd also throw in that day trading when the market is too fluctuating is not good because you can't rely on your predictions and that causes you to lose money. Also, do a lot of research.

never all in for any coins even if you know that the coin will increase, accept your loss no matter if you get a big loss. maybe this is my tips for trading for beginners because sometimes we become greedy when we see that we have a big chance to make a huge profit. and sometimes we cannot accept our loss even if the loss is not much. we've always learned from the mistakes and this will makes us grow to become pro trader and we learn from other people mistake so we can prevent to make the same mistake.

Amazingly explained and I want to add something here too that before diving in real field work, you must be working on demo trading platforms and making yourself practically strong. Even before this all, your learning period must be so strong and comprehensive that the results that you make from trade mist be satisfying and helpful for your future. So good luck to all newbies out there.

Fluctuations really affect our trades that's why we should be strong and find best way to sustain those crisis we face.
For newbie, isn't be wise to think of entering trading fields at this time cause our market is still in dip and for sure you may lose if you can't handled it will. It is better for them to used our genuine strategy BUY, HOLD and SELL to keep safe.

When you have goal in your mind then you don't need tips for doing something, you juat need dedication. Dedication only comes from your mind. I can give you 2 tips which can or can't work for you. but you must keep in mind that you have to invest in those coins which are popular one like BTC, ETH, ETC, BCH, LTC and many more.
 
1. For getting more information you can visit on trading exchange and see particular coin history and do analysis for trading.
2. Don't ever try to do panic selling because that may lead to big loss.

1. You must know the time to buy, see the history / graph of the coin is cheap when you buy it.
2. You also have to know the time to sell it, don't let you not stand it because the price does not continue to rise and sell at a loss.

The most important law of trade: do not risk what you are afraid to lose. And learn to Analyze everything that happens with cryptocurrency.

In my opinion basically if we go into cryptocurrancy trading then we should already know the fact that we have an emotional risk like that about money. On the other hand, that's why investors who don't have an investment plan cannot survive their investment decisions.

A newbie can really feel at a loss when he understands that the cryptos he invested in, are falling. He has to learn how to be patient. He must understand that the best policy now is to hold the crypto.

It is really very helpful for the beginners and you can always go by these things.

two tips in trading for beginners:
1. Be confident in yourself that we are able to trade, believe that we will always make the right decisions and are not easily tempted by negative news in Crypto.
2. always provide time to monitor the development of market prices, because if we miss information about market prices we will pass the best time to get profits.

For now all we can do is to hold your coin if you really don't want to lose your money, well that's crypto world and it's normal that sometimes many coin decrease, the most important in this situation is to have patient to continue hold .

I think it does not hurt to add that due to the explosiveness of the market, any beginner should know how to maintain control when prices are low, and in cases like these the best thing to do is "maintain"

The topic is very useful for me and useful for other beginners. Gave me some useful experience. I think the first thing people need to do is be patient and keep calm.

I think the two points you have mentioned are quite good  especially the point concerning to knowing exactly what your plans are for future trading.But i will like to add on some more important points like do the complete research about the coin in which you are going to invest and have an eye over market fluctuations which will make your investments a valueable assest for you.Moreover don't get easily panic and stay calm even in worst situations and do the right thing at right moment.

two tips on trading for beginners:
1. Make sure you have enough capital to trade, I recommend not using borrowed money or other people's money, because this is very risky and harms you if something unexpected happens.
2. have a lot of knowledge about trading, because trading is not just buying and selling coins, but about strong predictions, a heart that is sure and the right purpose, so that your trading is not in vain.

Sticking the plan might be very bad sometimes because we all know that it always rise after we sell and fall after we buy :D

The biggest tip that I can give someone who started new in crypto is to control your emotions and not be greedy. If you make say 30% profit, don't be greedy and start thinking that you want 300% profit. Take a little and appreciate that you made something, while others have lost a lot.

Those two tips seem basic for some but are critical and most people do not follow them, many people that are otherwise shy or even timid in their everyday lives think they can be risk takers when it comes to being traders and that is simply not the case, and even more importantly people need to follow their plans, how many people lost money at the beginning of the year because they panicked and sold their coins and did not follow their own plan?

I have made a mistake on this 2. tip, as I had so many plans and goals which in theory were great but I haven`t stick to them and experienced huge loss, only if i had stick on my plans many things would be different now for me.

Yes it should be like that, but the problem is, most of them are selling their coins every time the market price is dumping which makes the market to dump, chain reaction will always happen in the market.

This tips is very helpful to those people who want to start trade also. Because they prevent losing money. I hope this who are already trader like newbie will apply or follow this. Tips is needed because most of the trader who are failed they did not follow and recognize tips so the result of the trading is they lost money.

Every tips is very important and need to use it because in the future incase they have trouble happen you may now know what next step will you do because of the tips. And I also I would like to add or insert strategy because without strategy you can possible not earn money too. Tips and strategy is always good combination for trading to earn more profit.

My two normal tips :
(1)    Watch the market at least 15 days and try to understand first then select coins and pick up the right time for buy, hold or sell.
(2)    Make sure how much you want to lose or how much you want to make a profit before your daily trade.
If you follow this rules you can make a some profit in your trading.

Perhaps I will also add a couple of tips:
1. When you enter the crypto market, never be nervous, and be prepared to lose your Deposit.
2. Remember that until you have sold your coin - you do not lose anything.

Nice advice, I would add to leave emotion at the door, teach yourself to buy these crazy dips, and sell when we go parabolic, just think how good those guys who sold at the peak in dec/jan feel right now. For every buyer there is a seller, something which many people like to skim over, so people selling now, guess whos buying? yup those same guys who sold at the top in dec/jan

panic sell is not only newbies problem, even professional traders sometime get panic and follow what stream do. but what make it different is professional trader know how to get profit back and newbies will left with regret

I would go for the crypto evaluation in terms of factors like risk, profitability and liquidity and only if the factors that affect the value of a coin positively is positive, one should invest. This is one of the basic and important things a beginner should do.

Besides, expanding your knowledge about the cryptocurrency is also important because at some point in future, it will help you make a right decision and right decisions contribute to a worthy profile.

These are very good tips! The goal must be set to know what kind of profit is needed, for example, invested $ 1000 and want to get 100%, as it reached immediately cash out and further manipulate the remaining amount.

That's true, its better to prepare for the worse rather than counting ahead the profit that you can generate when you trade because trading is also risky especially if you dont know the basic rule that traders should be aware of.

For beginners its important to have self-control, balance the situation and dont run for the market because there's a right timing to follow. Its ok if you lose sometimes, even pro traders cant avoid that situation its a fact that we cant always win. As long as you know your position and has concrete plan then you're in the right path.

Do not make fun of it man, try to take it serious and do care when you are in the stage of making decisions. If you want to buy Bitcoin then you must wait for low market price because it not good to buy on high price. In order to use less money for high profit generating sources you need to invest in its lowest markets. Start with less money in order to make experience here so that you may get success and proceed forward.

You must remember that it is not concerned with the daily trading but with some learning.

two tips on trading for beginners:
1. master the science of trading, because doing something without having knowledge is only in vain.
2. Convince our hearts to be ready to accept the risks that will be faced in trading, because not only benefits but we will also get things we do not expect from trading, it is very difficult to do the job easily without obstacles.

First tip make sure that you trade for the legit one cryptocurency or coin to prevent from scammers and be patience then last tip you must know the basic concept when to buy and sell.

that is what is very difficult to do crypto trading, speculation that buying and selling analysis in trading is very difficult, let alone to be patient to deal with the current market situation, it is not an easy matter for those who trade.

Almost everything that you are talking about concerns the money management. The money management is not something extraordinary every experienced trader has the particular own system which is more suitable for his trading style. I noticed that once a trader comprehended the substance of money management he would use it constantly. By the way, having inspired of the possibilities of the money management I try to use it in every my operation. I am pretty sure that every trader should has the own money management system to protect the own capital. It is not so difficult to make the own system or it is possible to use any popular one. There are a lot of resources in internet about this theme so if a trader wants to improve the own trading skills he will find good appropriate materials about the money management.

You can trust what they say and it is a good time for the beginners.

The first tip is to buy at a low price and wait until the highest price, while the second tip is to choose a coin that chooses a good exchange and has a good sales volume. so that is a simple tip for beginners and must be done.

These are fantastic tips to a trader in my opinion.

Good write up

Time in the market beats trying to time the market.  Never try to buy in at the bottom or sell at the top, its impossible to do and you are basically just gambling.

I can recommend to learn the basics and to find out which coin it is better for you to buy and invest in. In case. you need money now and don't want to wait at all, you should invest the half of money but not all

According to current situation trading is not at all best option for newbies. From the long view bitcoin price may have the great view to make profit but if you look closely you can get the market knowledge more and it will teach you how much you can make.
Most of the altcoins are fall down completely in the marketplace hence if you search for any altcoins to buy and hold for long time it may work well for them.

there are lots of tips that beginners should know about trading, actually I am also a beginner trader and still learning hopefully it can be a lesson for all of us. when we want to trade we must prepare confidence that we really want to trade, don't make trading as a toy. then we must prepare time to monitor price developments.

2 tips from newbie, for me you need to have your own confidence second then think what your goals or what you want to achieve in life

Good write up and helpful for the beginners truly. Off course what you wrote is very much true fact and everyone knows it but no one follows it or forget over the time. I guess you are right with whatever you think about the trading. Knowing oneself might look indifferent approach to many people here but thats the crucial stage because we should know how we behave in different situation and how it can affect with whatever action we are taking ahead. For example if I am short temper and I cant tolerate the loss then I might take unwanted actions while trading and thus may worsen my situation even further. So its always better to have control over things and that can be done by seeing in yourself and trying the approach.

Beginner traders should increase knowledge before starting a trader. People who start trading are usually too excited, immediately trade, because they think trading is easy. Without the right knowledge it is like advancing a war without weapons.

what you explain must be very difficult to understand for beginners. what I know in trading is only "Buy at the cheapest price and sell at the highest price". For price predictions, you can see in livetrading. Traders must over time understand it.

Looking at the market trends I think this is not the right time for a beginner to trade. Although the situation provide a very good opportunity of buying different coins but for a newbie its quite risky. Wait for the market to stabilize then starts trading. Start with investing smaller amount, gain experience and then go for the larger amount. Watch the news and market trends very closely.

for that's reason this tread is made, so that beginners can learn the intended purpose, so they can realize that trading does not only require capital, but we must consider aspects of other aspects of support, especially mental.

It is very important to learn the art of trading and especially the beginners must learn that.

Losing money is a terrible way to learn but at the same time this is a lesson you are not going to forget and it is better that you learn now than later when the price of bitcoin is incredibly high, so take the opportunity to save all the money you can and then invest that money in good cryptocurrencies and this time follow your plan or next time you may not have enough time or money to get back in this market.

By planning ahead a price target it could lessen the risk of losing the trade,
also be flexible, by planning ahead doesn't mean you need to stick with the
target price, think of other possibilities.

Trading is just the same as gambling but it was safer since you can always base on the market price either you should invest or sell your coins in order to earn profit.

I totally agree with you but that is exactly the reason why I'm advising newbies to stick with their plans to avoid making wrong decisions during the market change. Letting emotions get in your way while trading might cause a big impact but if you know from the start what you want to do then i think it might minimize losses like setting up a certain percentage whether you gain profit or not.

Sadly but that's the truth. Trader nowadays are rushing to gain profit without even thinking twice. As a trader, i truly believe in setting up goals can minimize losses. Just as you said, someone who is short temper and putting a lot of emotions while trading can lead to a huge lose because of having a wrong decision during this bearish market.

It is not easy to panic sell
with this, you can minimize loss. As well as the need to believe in yourself.

Exactly, if we let emotions take over our mind while trading then most likely the outcome will not be good.

Great tips! I agree, if there are no specific goals, then you do not know when you make a profit and continues to trade, thereby leaving in the negative and of course you need to remove the excitement and emotions!

I think you should be up on youtube learning trading experience, where there are so many people sharing you the very deep social knowledge. It is so good for us to learn and practice

Putting up a specific percentage really works for me a lot. Being GREEDY is the corect term to those trader who keeps regretting and screaming about their losses like saying they should have sell bitcoin during it's ATH. If you bought bitcoin last year in around $2000 and you sold it $8000 then you are already in profit and there is no need to regret that you should have sold bitcoin when it was $20000. Contentment is one thing that a trader should have in order not to be swallowed by blackhole in cryptoworld

If a newbie enters the market now, he might be at a loss. the prices of the cryptocurrencies change so fast that the beginner will be not able even to choose the token to invest in.

Too many alts are going to get flushed out the market in this bear market that isn’t over yet. Most alts will not get back to ath.And most of the gains those alts made yesterday have been taken back already. Wait for the bottom or signs of a clear bottom before trying to catch a falling knife. Respect your money.

Trading skills are very important knowledge, thank you for your reminder, this is not only useful for beginners, but also a good reminder for all our traders!

The tips above in my opinion are correct when we decide to invest there we must know our limits ranging from capital, level of courage and in-depth analysis of one or several crypto. Never stop when you fail once in a while because it's really the beginning of your success next

It is not a good time for new starter, it surely they get hard doing trades due to market drops and they might get loss their money only. It is better to do buying only in a certain number of coins and keep it holding until market will normalize, then you'll go for trading by then.

Nice OP
But for me the most 2 important things

1. Always use money that you can afford to lose
This way will prevent unwanted things happen when you're facing lose at the moment or emergency situation, so you wont troublesome yourself. There's people will borrow some money to recover the lose but it doesnt work for beginners.

2. Know the basic bout trading
This is important for beginners who want to start trading, know how the market movement, learn from news, you can also follow experts trader to minimize your risk on trading, etc.

Bitcoin market is always volatile and whenever anyone enter in the crypto trading world , one has to face these challenges. More important thing for any newbie trader or even experienced trader is to have full knowledge of Charts and also keep an eye on the latest news as crypto world is very much dependent on news. If you can handle these two things effectively , i can say that you can become a good trader.

I think the first tip in trading for the beginners is buy when the value is in the low amount or price then the second tip is sell when the amount is in the high amount to be profitable enough.

Know about the market, know about the coin, make research, know as much as you can before you trade. Mistakes, losses is part of the game that's you should know as you can.

This is a common mistake of a trader. Does anyone know what will be the cheapest price for a token? And does anyone know that the current price would be the Ath?

Actually no, we could not predict what would probably happen near in the future of the market.
That's the reason why in trading we need a good timing of buying in the crypto at the perfect time we can earn a huge amount of profit.
Just keep holding, don't be greedy on trading that might make you down.

Learn one trading strategy, stick with it. One of the biggest mistakes I see beginning traders make again and again, is changing trading methods too often.

I have no prob with #1, but #2, i.e. "Stick to your plan" doesn't always work good for me.
Thanks for your post!
Happy trading!

Yes, that's true. So the best way to do as a new trader is to sit back and observe the market a little bit before starting any trading as this will surely help you reduce losses.

Nowadays, Identifying trends is required to survive the unstable market.
Identifying trends, or the general direction in which a security is moving, can also be very helpful for Cryptocurrency traders. However, singling these trends out can be a challenge. Digital currencies can be highly volatile, and looking at a chart of a particular cryptocoin's price movements will likely show a series of highs and lows.

However, technicians know that they can look past the volatility and identify an uptrend when they see a sequence of higher highs and higher lows. In contrast, they can single out a downtrend when they identify a string of lower lows and lower highs.
There are also sideways trends, in which a security experiences little in the way of upward or downward movement.
Traders should know that trends come in many lengths, including short-term, intermediate, and long-term.

There are two types of trading strategy you can choose from,
also these two types is not applicable for everyone. the long-term
and the shorter-term

that good, but you must remember this see the marketcap of the coin not the price and how much 24 hours volume.
some newbie trader always ignore that, they always look at the price not the transaction. that make they always lose their money.

Thanks for the useful topic!
Nice tips. Even more than 2 ;)
Have a great time!

Recently I asked about day trading tips on this forum and got really nice response. Some one introduced me to trading community where I found perfect atmosphere to learn day trading and technical analysis

Yes, that's a good suggestion for a beginner. Understanding our risk factors and knowing when to come out are the two most important tips we can give to novice traders. It must also know the purpose of trading, where the direction of trade is expected, the main goal is to get big profits, but also to be able to make a strategy when it's time to buy, when to hold, and when to sell.

To study the levels of resistance and support and the most important thing is the discipline in this case

in my opinion the beginner trading tips that you mentioned cannot provide benefits for new traders, in fact to be able to give tips to new traders you only need to be able to control the patience you have and do not be easily affected to sell assets at very cheap or under-priced prices when you buy.

Quite some good tips and I believe they can help a lot. Another thing is that most of us here don’t even care about checking the market cap of the coins they are going for,  they just jump in judging by the price of that coin. Let’s not forget that coinmarketcap is a good tool to check informations about any coin and it is very reliable. I don’t really have anything to add apart from what I just said right now, others have already given the needed tips.
I have seen hundreds of tips across this forum but while trading I never recall them to use for my trading. I guess I am not the only one doing like this.

if you only need 2 tips for beginner trading like you then I might give advice to be able to control the patience you have and don't be easily influenced by the bad news in some international media.