Bitcoin Forum

Before you begin read, I am not an expert nor am I here to turn anyone into professional. So the basic aim is to just add some sense that I was lacking when I started my trading career.

So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.

These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.

A very general tips actually, not really worth it to read unless you are a very much beginner. I would also change "don't spend too much" to "trade in what you can afford to lose" because the word "too much" could confuse and lead the readers to more questions in their mind.

General tips aren't really that helpful. At all. As someone who plans to enter the market, people should already have a basic idea of what and not what to do. What they need to learn are pretty much the specifics of each move and this isn't even for day trading only, this could generally be said as a general "what to do when entering the market" kind of guide. If you were to create a guide for day trading, At least tell a bit of basics about it, you just said a general explanation of literally what a trade is.

I did not see if that is crypto trading did you try to share on us. That is a general trading but crypto trading and national currency trading has a big difference. I will not suggest to the newbie to enter the day trading, because that is very risky to them and might lose everything if they dont know it very well. I will appreciate if you have a tips for the basic trading like buying and selling point and know how to have perfect timing in trading.

Way too general. It isn't even for day trading anymore, more like for trading itself already. As for day trading, I doubt this should be accessed by traders in their newbie phase. Should be more on the intermediate level trading instead, but since the tips are general, I'd guess it's fine. Title is misleading like really though. Still, too much confusion regarding topic discussion, fix please.

Well said, they should already know the basics because it can help them inspect and evaluate things to stop being an impulsive person. Trading is not easy and you really need to have enough knowledge to handle every problems in the market that you can face. Of course as a trader you will make some effort on researching because you can't just rely on some tips and advice of other people, it is your responsibility. Personally, I learn own my own but people's advice also helped me but somehow it makes me think that we should also make some time in studying because it's the best for us too considering the fact that it is too risky.

As soon as I saw your post I got disappointed right away when I see a link that I need to click to read your tips. Anyway, I still click the link and there's nothing new. You only mentioned only four and those are just the basics for those who want to start trading. I was hoping that you will introduce something new to us. Moving forward, post it here instead of asking readers to slick another link. Not everyone appreciates jumping from one tab to another.

The things in that article really do not bring too much experience to everyday traders.
I can add a few things that I am trying to do to become a trader:
Always try to learn new things and learn from your trading history.
Be confident with your decisions
Control your emotions
Stop in time
Do not trade if you are not in the best state.

To the OP, saw your post about trading tips and others, however, you have to tell members that all the links that you share are most applicable to forex market. So I don't understand why you promoting this supposedly tips as this mislead others specially newbies because those two are different markets to begin with. So obviously, your advise or at least what the article says might not be good for crypto traders, just saying.

it looks like you're talking about forex trading, what you need to know is that forex trading is not the same as crypto trading, I have long traded on forex, there are many things that cannot be applied in the crypto trade, maybe now crypto exchanges have started to adopt forex trading, but both still have many differences.

By the way, the link contains very much general tips that is applicaple in all kind of market. I do believe the reason is to make attract wider people, not only forex but also stock and crypto audiences to push the traffic up.

This do really talk out about Forex trading yet it do mention about Metatrader.Those are indeed general ideals or rules on trading but same as you
said where volatility here on crpyto is totally different on what do forex makes so those arent really that precisely applicable.Daytrading is really
a hard one and cant be achieved by someone easily.It do only takes a little time to read up even the basics of crypto so that everyone would
at least  have the idea on what are the differences.

I don't see any benefit from the articles, people already know and I believe how to read market is more important for beginner. You can go/ test your strategy after has analyze in which firection market will go and that's not easy, we should give them guide. Next time you should write post with important value for beginner, such as manage risk, money management and fix mindset.

For starters. Try to study technical analysis. Download TradingView app in playstore or go directly to their website. They have a good tool for TA especially for newbie. There is also some ideas available there from pro traders that you can use as guide on your trading. MACD and RSI is the most basic and effective tool for newbie in trading.

everyone will have the same experience as you, where in the beginning is always disadvantaged, just like me so that now can adjust the market also analyze it, now about your tips it seems difficult for novice traders to benefit from daily trading if the trader only has small capital, every profit is only a few percent of each price increase, we know that for each Altcoin it only rises no more than 10%, I do not guarantee there is a definite profit in a market that is still quite stable today,

I think your statement is a bit confusing.

You said that people already know how to read the market but then again you said that the direction of market is not easy and they needed a guide. Analyzing the market is so hard, especially these days that there are a lot of investors that can affect the price. As a beginner, better prepare yourselves since the market that you will be dealing with is not something that easy or simple.

Let me give you some tips to post trading tips

1. Always make a direct post rather than posting a link to the article. You can attach the link as a reference though.
2. Many people post basic tips. If you want to contribute something then post something valuable.
3. Always mention the target audience. Eg: Crypto traders, Stock traders or Forex traders

For day trading, I just use price action. It's pretty much reading the charts and looking at where prices are trending. If there is a valid trend channel I then prefer to enter on a second entry, ie two failures before continuing in the direction I think it will go. Pretty high probability setups if you can find these trends and read when they are over and are turning the other direction. the only indicator I use is a 21 bar EMA to find out when prices may flip the other direction. takes time to learn but no clutter or extra paraphernalia involved.

Agreed, learn from experienced traders who share their TAs and prediction regarding bitcoin and other coins will be very helpful for beginners.
Learn the basics of TA and mathematics, statistic, then applied it to the trading strategy, note everything even mistakes to create a better strategy.

Most important of all.
It ain't gambling anymore or if you do think it is then go on. Have a blast.

Budget should be enough of what you can spend only. Never even try to spend the savings money or the daily budget for food and bills.
I learned from experience already.
It became like gambling to me. Although I am not addicted to trading, I just really want my money back so bad.

It is not hard today to find information about trading because, by the innovation of technology, we have now an internet. By the use of search engines we can now type a word of trading techniques and trading tips, there is a lot of information will give to us. In trading, we must be knowledgeable because we don't want to risk all of our money and waste in just a single mistake of trading. Knowledge the best key to success in trading if we are always updated what is happening in the market and the environment in cryptocurrency, we will avoid loss of income. Next is choose the best coin suits for your trading, not all the coin is good for short term and long term trading, this is one common mistake of the other beginner trading, they are investing in bitcoin for a short term investment, but it is for long term investment. Lastly is always trust your trading and don't get feared about what is happening in the market. Some people are pulling out their investment because they saw the price of the coin is dropping.

As my mentor taught, there can only be two developments on the market.  Or you make a profit, or a loss.  The third option simply does not exist a priori.  And also very good advice was such as to respond in time to a change in the cryptocurrency market, because only a growing market can and should be predicted in advance, and if the market falls, then this should never be done and therefore you should not risk your assets.
Moreover, taking into account the current state of the cryptocurrency market and if a trader in such conditions was able to make a successful transaction, then you do not need to follow the situation, because further actions may be wrong due to increased excitement and a sense of a successful life period.  It is necessary, as always, to correctly analyze everything, and also to weigh the pros and cons.

general tips are everywhere many of us read and get temporarily motivated but none of us correct or apply those in trading ,

general tips like :- dont put your emotions while trading , the problem is they wont tell how can we stop our emotions in trading , what steps we can take to avoid emotions, without knowing this reading  1000 times ''  dont put your emotions while trading ''  is useless

Be careful on the tips that the other giving to you, just trust yourself and everything will be fine. There are times that you can lose money if you will follow the tips of the other self proclaimed gurus. There are fake information all over the internet so be careful on the tips of the others. If you still following the tips of the others, make sure that it can help you and it will not get you down.

Just read all the tips given but don't give a full shit on it since sometimes they are not totally working since even for theirselves they don't apply those so best to learn from yourself and read some reliable trading books since I think this is the most helpful rather than reading the post here.

Crypto trading and Forex trading have a lot of difference indeed. Besides, I think day trade for crypto space is not a good option right now due to the fact that we are still in a bearish trend. Regarding on the tips provided by the OP I think it is too general and I think newbies are already been know what are the basics I think it would be much appreciated if we will give something more knowledgable just like the experience for example.

Those tips are helping but there will be no pattern that can we experts or remember in cryptocurrency trading because the market movement are so dynamic and impossible for any prediction can go 100% but luck. So i think the most important thing is the experience and how we control our loss

Kind of have the same thought after reading the titles on the article.
It is the basics which might really be needed but you wont learn it unless done.

Greed for example but in there it is said as "never spend too much".
It is just the same for me. You are spending too much because you want more profit than what you are already spending.
So, this kind of emotions do really exist to those who already started it.

The article seems useful not just for newbies but also for those experienced traders. I totally agree that you have to choose which type of trading are you going trough but let me tell you that margin trading, forex trading are more risky and you need some established knowledge to further proceed.

As a trader, every tips is important. We all want to learn more and integrate in real scenario of trading. Just a few things to remember, emotions will gonna messed up trades set them aside. Set a target and stop loss. Usual tips but useful.

Although we have reading many kinds of article way how to get tips from trading in fact we got not the same our reading tips before, many problem faced in bitcoin and altcoin trading because we can't prediction what happen few minutes later after buying bitcoin and altcoin, we always know how terrible investing with bitcoin and altcoin after price dump suddenly.

just a beginner for trader, who is greedy and doesn't learn about trading tips. because only thinking about profits, but not learning the process of getting profits. some tips on that article are true. learn everything about trading, choose coins to trade, and not be too greedy in trading.

Looking forward on the profit alone could actually end up a disaster to traders. Sometimes, they become emotional traders, setting aside stop loss. Others are not contented with 10% profit. That will be a disaster recipe.

Trading is all about skills and self-discipline and control. There is no other way.

I find that this is a sketchy article and does not carry any core values. everything is generic and this is plentiful in the information pages at Google. It makes no difference to a new trader, it's all a bunch of pointless theory. To trade well, we should learn from the basics of how the economy works and mainly analyze the psychology of the crowd. If we can really understand the psychology of the crowd, we have captured 50% of the winning rate in our transactions. Then indicators and a new way of managing capital bring higher odds of winning.

This is just the right advice for beginners in this market, if you want to become a professional trader, you will need more knowledge like that. You need to have a lot of knowledge about the bull and bear markets, analyze the charts and the impact of the news....
But it is a great article anyway and it will help many newcomers to this market

After we read those tips, we should analyze by ourselves, so we can get deeper information about the current situations, and we can determine to enter the market, or we need more time to enter. We cannot depend on all of the tips because we don't know if those tips will be accurate or not, so that is why we need to search more about the tips. By doing that, I think we can get hidden information that they don't share with the public so we can act based on the situations.

You always need to be careful to decide to enter the market if you don't want to make a wrong buy and don't buy with all of your balance because that will be too risky for you.

This had been told here like a thousand times.

And so is this.

This though might help but I have my own chosen platforms rather than what you are offering.

Good luck though to the new traders that will join the jungle.  ;D

Most f leading Exchanges best place and offering crazy features like indicators and charts.It helps t traders to take right decision.
cryptotraders increasing in number,also forex traders switching as crypto trader and use the methods of TA respectively.

It leads the clear story to understand the the charts and getting expected outcomes.

We know the risk in trading and before planning to engage in trading, we better examine ourselves if we are much confident of what we are doing. Difficulties and market struggles are a part of trading, yet sometimes we suffer loss and might more rather than of gaining.

The only tip that I could say is that Don't trade if you are doubt in crypto or you are not prepared well.

This topic is always in the list, but here's the most important thing, we share all our thoughts to help our fellow traders. No matter if you're professional or beginner but you always need to secure your money. Experience is essential and in order to achieve those experience, you need to practice and apply what you've learned. Maybe you'll learn some of aspects as you trade and trade. No matter if you succeed or fail, the important thing is you learned.

What about, observing your records in the trades? In that way, you can analyze your mistakes and plan on how you will execute the next trades. Planning your next strategies will help you to correct your mistakes in order for you to earn more profit rather than losing. Organizing your thoughts and good decision making is good for your trading.

That is one thing. It is another that Bitcoin and the cryptocurrency market are unpredictable and move very quickly in directions we cannot really determine. I bet there are also a number of traders out there who have made a nice record of their previous trades, analysis of their strategies and techniques, assessment of their trading tools, etc but still ended up losing instead making profit. This is normal in a wild wild west market.

I think for those trader especially new trader have known those things.

New trader won't figure out what the technical analyst first but they will find an experience from another traders and they will give some things such as in your article.

After that, they will learn some technical analysts that should be managed to start trading.

So, just in my opinion that your thread should be named as 'trading tips for new trader' cause when we have started all those suggestion will be worthless.

Trading tips described in the article are too general, almost all traders already understand. In my opinion these tips are only useful for
newbie who has never traded at all. In my opinion, trading tips are needed that are more technical, like how how to determine the
purchase price or selling price. In my opinion such tips will be very helpful, because trading is not as easy as we think. Many tips we need,
but not general trading tips. Hopefully in the future there will be those who share trading more specific tips, not general trading tips.

The most important quality that a trader should have is a good trading pyschology. Good technical analysis and good.planning is not enough without proper good trading psychology. It is all about the excution of the trade, it is up to you on how will you manage your emotions and personalities while trading. There are traders who keep losing money because of their bad trading psychology. We should have it in order to become successful trader.

Daytrading can be learned later on. No need to rush.

Beginners should focus first on dealing and be familiar with how the usual trading activity works without the pressure of reaching a certain target. As they progress, they will slowly step up and climb up the ladder until they think they are now ready and prepared to test the waters on day trades.

Having quite a knowledge about how trading works is a must before anyone should jump on day trading especially in the volatile world of crypto.

It's a good fundamentals when you are inside this business, earning the process and enhancing your skills from time to time will bring a good edge to your stay. Never to engaged to something that you are not fully aware or you have less knowledge, keep learning and don't stop achieving more knowledge as this venue of industry always in a past changing pace.

article seem to be posted here is a spam. it may sound a traders tip in general but it doesn't even related to crypto as it suggested metatrader below it. which means this is  for forex traders. we have seen enough tips here, a lot have shared their own tips but this OP gave is a spam. latinpost accepted a paid blog post and was shared it once again here in the forum.


for all time, its the long term hold that works best.

LoL how you are classify it as spam buddy.
Even he can confirm that your post is no useful here in this thread bud. Please stay together and help each other to make the best place to have cryptocurrency discussion.

The first thing that people have to realize is that when you profit it's because another one loses and opposite. But now imagine there are 10 magical advice that guarantees to skyrocket your profit potential and everyone read that advice, so now what? Everyone will profit? No, you have to be smart among others in order to profit, you have to make them lose in order to profit and people have to realize that. Nothing to talk about emotion control and etc that somehow isn't mentioned on website, this is very beneficial and must to have.

This is more like a basic guide, of what new traders should know yet it is not complete.
Every new trader should learn to demo trade before actually trading, this one tip should have been included in the tip.
Also, it made no mention of eliminating greedy when trading, this is another way new trader fall too quickly.

You should ideally be learning just the fundamentals of trading and nothing specialized when you start trading as well; you likely won't even have enough and/or the correct knowledge to even start experimenting and finding the style of trading you enjoy the most initially, and to gain this knowledge, you'll need to invest time and your attention to more beginner-oriented materials such as books or online guides.

These tips are also extremely vague or too general, and don't do much to emphasize the potential losses that can be associated with trading. You can easily turn trading into gambling with just a few clicks, and that's something every trader should realize before starting.

Greedy is not the reason to fail but on the other hand, it also a reason for us to motivate and even encourage to work hard. I don't think that all be negative when talking about this. The most common reason why most traders fail is because of their emotions( uncontrollable emotions) dragging them in the wrong direction because they can't even think wisely.
This is particularly a thing they should need to change, otherwise, they leave nothing here.

You can't get success in this system until you have gathered a lot of information about the market, I think if you want to make something special then you must read a lot of things regarding this market platform, create a plan which is based on your experience and realistic, never take any decision from your emotion because it will kill your spirit, Don't do too much trading at a time, most of the newcomer do this without any proper reason. again i want to say don't do trade too much at a time.

serious traders will be learning from everything , new traders should start from basics but new traaders should also know that just reading tips will not help them in becoming successful , if this was the case then everyone who read tips will be making ton of money , traders who takes this tips seriously and implement it will improve in trading

Beginner must read basic first about how to trade with bitcoin and altcoin from how to deposit and withdraw coin then looking for which one good exchange market have many option for trading with altcoin. Must read many source link information and always check price last one week ago for some altcoin to trade, we can choose coins after raise higher price because very risk after coin dump looks hard getting back to higher price.

We can learn a lot by following your tips in the new but I think there are a lot of strategies we need to follow before starting a business. Which are not in your link We'll be sure to update if something new updates There are also many sides that are scammed so it is better not to do any business on the side.

to be honest, when I start trading I never read any article sources. but learning with who experienced it is easier to understand. actually the simple way of trading is that you enter at the right moment and take profit at the right time. in the sense of buying cheap and selling does not need to be too expensive, you should be able to see how the current market situation. the trading practice is necessary because the theory of trading is very different from the lessons when schools. remember crypto trading has a definite risk of loss and you must be ready about all the risk

That it really makes sense...Buy every dip? People never think it was right or wrong. Many traders are just putting into their attention about the price, when to sell and when to buy but they just forget to see the perfect one. Trading can be sometimes it plays with luck. Why? Its because no one knows what will happen next. Buying Bitcoin today and it pumps tomorrow, that was luck IMO, it gains instantly but unfortunately, it never works all the time. That is why, if we have knowledge about technical analysis(TA), it helps us to increase our profitability in trading.

From my experience the biggest benefit to my trading is watching the market all the time. when I have spent days in front of screens then I am much more easily able to make typically more successful short term trades. If I can only glance at the markets a few times a day during working hours my trading goes all wrong. Further, the biggest threat to success in trading is impatience, not waiting for the right trade entry point makes it pointless. You should just wait for the high or low that you're expecting in a pattern and then dive in.

Try to think like a whale!
Because of the manipulation, reading technicals can become really tough. Whales can suddenly change the trend of the market and then people out of the fomo start following it.
So keep a watch on that.
The other most important thing is to keep a tab on volatility and volume. This can be said about any trading instrument but it becomes really crucial for crypto trading.

That was right, cause many people tried to help but later on they will ask for payment. There is no wrong with that but the problem may exist when they'll keep asking for something that could lead to fraud.

@OP, don't let this thing happens to you. That is why we have to stand our own feet. Trading can be easy to learn, the only thing that makes everyone struggles difficult is how to make their own strategies and as well as having good TA's.

Yes, learning how to trade is not that hard because there are tons of information around the internet that the aspiring traders can use. To be safe and do not lose a lot of money through your beginning days, you should try paper trading or try to open a demo account in some exchanges so you can test your own formulated trading formula.

Forget about tips and stuff. What everybody should do in the beginning of trading career is educate yourself and get grasp of basics first. There's just to many fomo cases throwing money in like insane and then putting together trading tips...

If you really study well enough before you trade and if you do paper trading before you actually start trading you will be starting 1-0 over everyone else.

Do not forget that you are fighting against other humans (or trading bots) and not a machine that is designed to keep you losing, if someone else loses money that means you can be getting that money and for that you need to know what the price will be before they know it. That only happens with 2 things, one is knowing what you are doing and do not going with the flow of the market, that is why many big traders go in when others go out and get out when others go in, secondly and most importantly you need to practice, your first trades may not be good but if you insist and keep trying to be better in the end after years of trading you will become much better.

They are good tips indeed particularly learning the rope before embarking on a trading journey I always emphasizes doing through research on the internet where there are countless numbers of strategies to choose from while choosing the right instrument to be traded, crypto currency trading seems to be more easier than option, metal and  forex trading according to some trading experts.

"Learn the Ropes", it's what you found as most interesting thing in this article, me too. But I think it's not well explained, learn the ropes means a lot of thing, it means to learn the field, where are the borders, the rules, what you can do, what you can do, and to learn about hidden tricks you can use.
When you go trough the comments here and on other places too you will see that many people don't know basic things about trading, but they wish to make profit and be successful, how is that possible?

That should exactly we do now. Trading tips won't certainly give you help but it only bothers you in the future when asking you for money in returns for the tips that they'll give to you. Trading tips are just like a trick that scammers do, it often to become victims are those who want easy money, greedy people and those who don't have enough knowledge in trading. 

Thank you for the tips but I think your though is very generic and basic . If you really want to help you need to be specific on what topic that you want to emphasize. New traders or even old traders need to have a good and clear tips that they can apply to their daily activity. Don't give them any confussion because it may cause of their wrong move that can cause their loss.

Most of the goals of the traders are to beat the market but for me it is not should be our goal, the ideal goal that we have is to have consistent earning in the cryptocurrency market and also to have a high winning rate. Through experience we can become a trader who used to take high risks strategies. It is possible to become successful if we have courage to take risks and also if we will work hard in terms of learning about new information.

knowing tips and implementing those in trading is way different , when trading in live markets no one will think about tips and rules implementing rules requires discipline   

And that is one of the problematics with day trading, day trading is not only very hard to begin with many people want to day trade cryptocurrencies which as we know are many times more volatile than almost anything that you can find in any other market.

And that is a real problem even a coin as big as bitcoin can lose a significant percentage of its value in just a matter of minutes and if at that time you are using margin trading to try to improve your profits and you do not have a stoploss then your account is going to be wiped out.

Yes that ‘true day trading is not easy as so many people who are trading for day and it’s way of making money for them. For new traders I think long term suits more than day trading. Not to be impatient for getting your profit from day trading. You should know when its good to trade and when to stop lose. Mostly people wants fast profit but it’d the most dangerous thing in trading as patience is really important.

For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.

Then you just hold or trade it? There is something different from holding and trading. But I could suggest that you just hold it rather than planning to engage in trading since you don't know everything about this.

The most common failure of traders is because they don't know what they are actually doing. Thinking trading is a simple job, definitely are wrong coz it gonna be tough especially during the bear season. That is why, if you don't know anything, better not to try until you are preferred everything.

This is the reason why aspiring traders need to make an extensive research first and study good trading demosntrations so that when time comes that they think  they are ready enough to trade, they can start trading with minimal losses.

These tips serve as our guidelines in our trading decision making. We can use it as our guide but definitely the last decision lies on ourselves. These guides are just general rules and the experience we encounter are the most comfortable tips to help you all the way.

We must familiar first in the movement of the market and also understand the basics. We should know about the signs of reversal and of course the support and resistance. Those both have important factor where it serves as foundation of technical analysis, if we will not master those both we will have a hard time in using technical analysis. The basics are the one we should master first before we improve our trading skills.

Be vigilant about the advice the other one offers you, just trust yourself and it's going to be all right. If you follow the advice of the other self-proclaimed gurus, there are times you will lose money. False information is available throughout the internet, so be cautious about the tips of the others. If you're still following the others ' advice, make sure it can help you and it won't get you down.

That is supposed to think of but somewhat like that some traders (especially new) are lazy enough to spend time doing research. They would like in action, they want to lose their money instantly...that was sad but true and it always happens to them until they could realize their mistakes.

If they want to learn in trading then, therefore, they have time also to listen to us and don't ignore what experts say. I'm not an expert, thought but base on my experience, you won't go far if we don't know anything about a certain thing we would like to do.

It's good to hear trading tips that have been given by others. But my advice is only for our consideration in make decisions,
the opinions of others should not be the final decision we will make. Because of the tips that other people give not necessarily
match the trading strategy that we made. For me the most common trading tips that should not be violated are used money
for trading that we can afford to lose.

As a trader, we shouldn't stop learning about everything here.  Let us always be an empty cup as much as we can, always gain knowledge, and learn to choose the best among the advise that you will here from different opinion of the community here in the forum as well. And remember that experience is the best teacher to all of us here too.

Unfortunately, nothing works for new traders except their own experience and the lessons learned from it. I mean to say whatever you had experienced in your early days may not be an effective lesson for all other traders. Most people here are not ready to learn from this forum but must be learning from their own mistakes; it means no one is ready to learn for free of cost.

Still, I must appreciate your efforts for opening this discussion because it must be useful for some people who are with relatively less experience but looking for learning from others rather than learning from committing mistakes on their own.

While I think that everyone can learn the skills needed to trade very few people have the psychological profile needed to become a good trader, it is true that long term trading is easier than day trading in terms of the level of skill that you need to be profitable, however when it comes to the psychological aspect long term trading is many times harder than day trading.

A day trader sustain losses just for a few days but a long term trader will most likely have to endure losses for months or even a year and many people do not really have to discipline to keep trading their system when they have suffered so many losses in the past.

Welcoming new ideas is somewhat great and something in need just to further enhance our capabilities and knowledge but we have to stick into some ideas that it means a lot to us and we feel its effectiveness. A lot of new ideas coming and we can't accommodate them all for sure that is why we need to choose the best one that we ever think is right. Yes, having more trading experience is better but we need to acquire some theories to fully understand and become a successful trader.

 In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.

That's right, other people's opinions are a benchmark for our view of trade. We can conclude and unite all the opinions of others with our own decisions, which means we must not be other people, different people different ways of trading and different backgrounds. Apart from all that, it does not mean we ignore the opinions of others, because what they suggest I am sure from experience. And that's where our considerations determine the decisions we make.

There is an ocean full of knowledge which would never end. All we are doing is filling in the buckets from the huge ocean so always try to learn as much as possible no matter even if a newbie teaches you few things. Your ego should never affect your leanings. I personally, try to learn as much as possible no matter how deep knowledge I have gained about the field.

I love gaining knowledge and that is what makes me gain some profits by deploying various trading strategies. You would learn a lot of humans who already have gained experience because you are the ones who are able to gain that experience for free from those traders which you should never miss. Humans can teach you everything so never forget that and always tend to gain as much knowledge as possible.

We are all saw many trading tips and analyse in regularly. But it is totally different from crypto trading, so we must active and monitor the each and every status of current market. I think right know is red But we are all saw good growing on last week. So further investment is little complicated to predict the every day. I hope we must active on telegram groups and Bitcointalk, because these are enough make profit on crypto platform.

For a novice trader, first of all, it is necessary to develop a tolerance to stressful situations. This requires experience. As for the cryptocurrency market, when trading on it you are especially at risk of losing your deposit. Although in general, technical analysis works on liquid cryptocurrencies.

Learning the basic is the most important thing, we should know the effective way to trade and it will help us a lot. We need to gain knowledge in every trade that we are going too. Every coin we trade has a different pattern in the market as soon as we understand the pattern we can also do some arbitraging and make some little profits day by day.

Buy when its Rekt
Sell when its mooning
Always DYOR
Read some TA from the other traders
Have a solid trading strategy
HODL!

There are many tips that have been said as guide for beginners but sometimes committing mistakes is inevitable especially if you're just beginning with your trading career.

What I can say is dont rush things you'll definitely learn everything as time passes and through your experience on each trades. Dont use huge capital as well if you're unsure of what you do, its fine to begin with small amount just to experience the actual trade.

You have a point dude! Also agree with your opinion rushing can cause losing all your funds theres a lot of trading tutorials and tips in the internet but the question is how can you apply to your self or in real trading? If you want to learn trading you need tobe patient and dont be greed.

In all kind of trading its really important to have proper knowledge about it and to work hard for improving your trading skills. Market will fluctuate but you will not lose hope but just move accordingly and at first you should trade for long term it helps avoid silly mistakes and get proper profit from trading. Patience matters a lot in trading.

Demo trading is always a basic start for the newly joined traders. Even for us who have gained experience, demo trading can teach us a lot new things. Anytime I land up in loss, I move onto demo trading and keep on practicing trading until I find profits in the markets again which would then make me shift to real trading again.

I have made this as my routine so that any time I face loss, I learn something new about the markets. Most of the new traders make mistake by joining the markets with minimum knowledge. What they think is reading such tips as given by OP makes them pro and they can bear some profits only by reading these tips. It never is the case. You need to have immense knowledge if you want to find profits in the trading markets.

1. develope the right mindest for trading
2. learn the true principles of successful trading
3. search for a reliable strategy that fits your personality and overall ressources
3. try it out with demo
4. train with low budget
5. scale it up step by step and get familiar with the risk
6. always be open minded and learn from your own experience
7. enjoy the merits...

 ;)

I think you can give several advice for bitcoin or altcoin trader but most important you guide them how to get salary to start trading with bitcoin and altcoin, after they get much money you can give the advice how to be success with trading in bitcoin or altcoin, did you have solution with my opinion above?

Knowledge is the greatest capital that a trader could have. It will help the trader to achieve big trades in the market. Most of the traders I know are greedy because they just buy bitcoin and just jump straight to the market without studying the basics of the market like support and resistance and patterns. Like what you said, I also suggested to them to do paper trading or demo trading to avoid losses because it is free and you will learn a lot by back testing.

Most of the tips mentioned in that source as common ones. Traders can not really depend on those tips in order to start their trading(here, by traders I mean newly joined traders).

Any individual who wants to start his/her trading career really needs to spend most of their time in learning about trading before they could start with it. It includes, studying and analyzing TA, compiling graphs with various strategies and patterns, etc. Once you gain basic information about such phenomenons than you can move onto paper trading or demo trading which would give you more detailed information about the markets and also you would be able to personally experience the flaws in the markets.

Now that bounty is no longer profitable unlike before we need to really invest our salary in real job to start trading.  I think it's fine to do it now to atleast really care and be contiovs on where to spend and invest our hand earned money.

The best tip is invest what you can only afford to lose and as much as possible learn the basics i know its not that difficult however many newbies in trading are on trading because of easy and fast profit which will not going to work especially without having any knowledge of the basic when to sell and when to buy in the most possible price levels

You should have indicated trading tips for newbies i think this is too general for a trader also I thought it was your personal experience or maybe a summary of what you've read but unfortunately it's one of the users who will post an external link here just to create a topic.

Next time try creating a thread with a real trading tips such as how reading the market, tip indicators that it will go bullish or bearish, something like that.

didn't say that this is not a tips but more on general information I think (I didn't say that no one will benefit from here) but most commonly most of us knew this already.

when investing indeed we must be of the view that it is willing to lose or get a loss. because every investment we will not always get a profit, and if you keep thinking profit then you will not know the limits and can create new risks when investing. so we also have to be mentally trained when we have to interact.

This can definitely have a good effect on newbies since they will be learning first hand about how the exchange in which they want to trade is going to work and they are not going to make mistakes when faced with the same situation when they are actually trading with real money.

Keeping records is a great idea as well as you will understand why you did what you did back then and you will correct your mistakes, the only bad thing about demo accounts is that you will never feel the anguish of having a losing trade and until you know that and how you react to it you are never going to know if you are going to be a good trader.

It seems he mentioned that those tips are for traders in general and not into cryptocurrency alone and he also mentioned that it was for the youngsters/newbies to learn. Hence, those tips are indeed for newbies and traders. So don't look for something that doesn't even exists in his thread.


I advice that you must understand the market first. Cryptomarket is infact very different from Forex trading, the fluctuation is fast and the price can be affected by a lot of external factors. But before that, tell yourself what trader are you? are you a short-term trader or a long-term trader? Short-term are those who trades daily while long-term prefers holding coins for years then sells it.

but first they must learn which exchange is legit because even how good we teach newbies to trade but they don't know what exchange is really all about then the chance of being failure is there.
there are some online sites now that offers some jobs easily like EL TORO and other companies in which trying to help us trade easily and reliable ,but i never had a chance using them maybe in future as i am still studying their offers.

Indeed, you are right about the Demo accounts, but nevertheless, I want to say that it is precisely during the period when the beginner is trying to understand the first basics of cryptocurrency trading that the Demo account will come in handy, and in the future it will be nice to practice with a small capital in real trading.  I am also just starting to learn, and for me the feeling of reality is very important, because very often I am constrained by the fear of losing my money.

The sad truth is that the common instinct why people come to crypto trading/investment is just because they'll have in their mind to earn and gain quickly and never think a time to lose either. That is why some of them never appreciate crypto after having a bad experience or because of the losses they get from their stupid instinct.

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It is not difficult to understand the market situation but most difficult to tell someone that never accepts mistakes. One thing important in trading is that we have to learn and accept our mistake and by that, we are able to correct what we have been doing wrong.

Better to be specific next time when you ging tips for the traders so they understand it easily.
Many traders here are sharing their knowledge about trading and they giving more information with specific details.
But even that thank you for sharing and I hope you apply what we suggest for you to do.