Bitcoin Forum

• Watch the price action
• Watch the order flow
• Recognize the pattern
• Do quant analysis
• Study charts
• Analyze trends

When you are trading beginner, there is a lot to learn. Here are a few steps to get you started in the right direction. These tips will not only help you decide what and when to trade, but also show you how to manage risks, and how much capital you will require.

Always check or study the market movement of a specific coin before investing. Be patient enough to wait for the right timing when to trade for you to be able to avoid losing your money. Analyze the factors why that coin is increases its price and why that coin dumps. In that way, you will be able to predict its next price at some point.

I think this is not an appropriate board, try to move your topic to here, Economy > Trading Discussion  (https://bitcointalk.org/index.php?board=8.0). Scroll down and find below the "move topic" button.

There are too many threads that were created before and I think just try to research first before you will open a topic.
1) Tips for newbies to trading (https://bitcointalk.org/index.php?topic=5205945.0)
2) Tips to actually start earning from Trading & END LOSES (https://bitcointalk.org/index.php?topic=5141811.0)
3) 3 Top Tips to Stay Safe While Margin Trading Crypto (https://bitcointalk.org/index.php?topic=5203391.0)
4) See 10 Best Tips to Make the Most Money In Bitcoin Trading (https://bitcointalk.org/index.php?topic=5128688.0)
5) TradingView tips and tricks (https://bitcointalk.org/index.php?topic=5122052.0)

I think that is enough for you to study very well regarding trading.

I think only watching with price about with altcoin and bitcoin want to buy, when touching with lower price and look have been with support level price I will buy and invest, then selling after price is growing up but when looking become most lower price better cut lost without get much profit.

Price action? Due to volatility, you will surely panic and get stressed.
Order flow? This one is recognizable
Pattern? Theres no such thing
Charts? Better than nothing
Trends? Its all random

Best strategies on our ears but actually not a precise thing for you to handle out this very unpredictable crypto market
and as said earlier this one is better than nothing at all.

I think the best strategy in Bitcoin and most markets is just to go with the trend. So if you are trading stocks, only go long and don't short, don't assume you can catch the beginning of a recession when we are in s strong bull market.

So if the general trend is long, look for indicators which point for long trades. And if a trade goes against you, get out quick. If it works, don't get out quick. Add to your entries on up-trend markets and you will maintain a good average price with a big stop loss and amazing potential growth. Basically complete opposite of what most new traders are doing.

I also don't think OP's few bullet points do much to demonstrate managing risks and required capital at all; there's ultimately a lot of information you need to know with risk management like proper position sizing and the risk-to-reward ratio of trades you're making , and a lot more as well. As for required capital, you shouldn't be expecting massive profits when starting out in trading, but realistically you might see something like growth in the single percentages every few days if you somehow manage to become extremely consistent with your trades, but is that small percentage of profit of however much you choose to put into trading worth it for you for how much time you're putting into your trades? It's generally not a great idea to put a ton of money into trading, but it might also not be worth your time to be earning just a few dollars when there might be more productive things to do.

I'll add additional strategy or best practice in trading.
This is one of the best weapons in trading and this should be practice especially if you are starting in the trading.
One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.msg52086364#msg52086364)
That thread also talks about the stop-loss, which is very important in trading. You will know that as you go along in trading. I hope everyone will learn more trading strategies and become successful in trading.

topics like this have often been discussed, Good traders don't only rely on strategy but also mentality and patience, the most difficult thing in trading is not about strategy or analysis, but patience in controlling yourself from fear and greed.

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In my opinion, there is nothing like best trading strategy. It is generally a set of strategies which one uses to gain expected results. trading requires thoughtful and strategic outlook with emotional discipline to make it result oriented. However, study price action was good for me. I tried a lot of systems and indicators and eventually dropped them all. Now I just trade reversals from support and resistance. Try to know where are these levels, and how to trace them. then wait the price is close to these levels, make a programmed order price to start and to close your trade.

Exactly that's SOME of the things they need to study however there's a lot of different of analysis too that to be considered and they can use it as well to have their own strategy to use on the market, if they're a newbie they might as well understand the candle stick patterns and indicators will have a very good impact to analyze the market carefully.

Also hearing other's idea as well and taking it as consideration might actually give you not a 100% right prediction but there's a high chance that the readings or strategy that you've created will work.

which is attached by you is indeed part of the technique of trading, and this is only a chapter where we have to look for more in-depth information about sub-chapters that have not been attached. actually quite helpful, because directives like this people who are new to trading can do their own research and study the chapter that you attach.

In trading, we consider many factors that determines our buying signal or selling signal, we use different tools to tell the market if it is profitable or not but in my opinion, these are set of standards that make the choice of everyone as one. If there are no standards on when to buy or not, market will not be profitable, though, these standard are connected and formulated based from the basic rule of economics which is demand and supply, some people have just created their own system which is definitely manipulates the market.

I know it's not easy to start when you planned according to your will to learn. When doing certain research or other options just to learn, using minimal amount of money is very safe to avoid losing huge amount of funds. Technique will gradually be acquire as long as you're hardworking and motivated with your plans in life.

I avoid margin trading and leaving coins on exchanges for a long period of time, i try always have the coins with me.
Long trades is what worked for me so far, two three years to cash out.
I also trade gold and silver and i think this is the right moment to get in and hold for 10 - 20 years.
BTC, XMR, ETH, BSV i think they are also good coins to buy and hold for 5 - 10 years.

All of those are right but at the same time they are lacking. Experience is very important and you may "know" all of these but if you don't really practice these things you will definitely still fail, these things are not really good on paper as much as actually doing it.

What you may think "price action" may turn out not "price action" if you don't even know what you are looking for, same with all other ones as well.

I would probably add in how to use all the things exchanges offer as well, stuff like stop loss and etc etc because those would really help as well. In the end if you do not really use everything you possibly could and maximize and then put it to work there is no way you will ever become a good trader. After you made sure you got all of that down, usually you make yourself an own pattern and keep following what helped you profit and change small stuff that doesn't feel right.

Also, don’t invest all your money at one time. Leave yourself some leverage for more buys if the price drops after you buy.

I'd say there is a simple overview you need to have over trading activities. You need first of all risk management - if you can't manage risk you have no business in the markets. It will eat you alive. Then you need to find yourself and "edge" which could be anything from fundamental analysis, technical analysis to the most sophisticated quant trading. If you possess these 2 components you "only" need to cultivate the ability to control your mind and emotions.

Just as an advice - you need to learn how to lose. If you don't know how to lose you will enter a vicious cycles of different emotions and it will take you much more time & money until you learn it. So first play with lower amounts and GRADUALLY increase your position size.

Why altcoin?
What if you are trading bitcoin?   ;D

Yeah he is right although it ain't that difficult now. Because there is USDT already out there.
You will just need to watch the flow of the market of your supported altcoin or bitcoin.
Unlike before, you will need to do both ways. You cannot be late while they are dumping altcoins already and buying bitcoin back.

This is an easy and simple way to trade comfortably and make consistent profit. Again, avoid taking unnecessary risk especially if your analysis has not approved of it or confirmed it. Patience is key to waiting for the right signal.

I'll be honest here

I learned about support and resistance, I learned about candles and then I started to trade, I open the exchange, I spend hours watching the chart and when I see the buying patterns I buy and sell when I see that it is at the right time to sell.

I don't have much knowledge of trade, but with this same method I'm doing well and that's what matters to me.

PS: there are days when I have a little loss because of the Stop - Loss, but when I have a profit I recover that loss.

Making a trade is not simple, especially when the person loses begins to be afraid to enter the market because he thinks there will be another loss.

Without these, patience is always required in doing business How can you succeed if you cannot work patiently? In trading you must control your emotions and move forward with patience. As well as following the techniques so many licenses need to be analyzed well before trading.

I only work with my grades according to what I understand the market movement. If you are able to read the chart, it gonna be good for you.
And the other thing is that we need to watch closely to the market trend, you'll don't need to sell your coins to much high if the price trend won't look that way cause you're going to bored of waiting before it sold out.

Before decision about any type of trading model or strategy you need knowledge about cryptocurrencies and market. Also you need to define what is your final goal and time framework you want to achieve it.
Also, don't expect to become successful trader over nir, it takes time and experience. And don't copy others, what is good for someone else doesn't necessary be good for you too.

Before we trade, we should first analyze the trend. We should find out if the strategy that we are going to use is applicable in that kind of trend. It is preferable to trade a coin if the trend is an uptrend because we are keep seeing higher highs and higher lows. Downtrend strategies are often called counter trend strategies where the risks are too high. I am not yet used to trade a coin that is in downtrend because my risk appetite is still low.

Well, you may also try to check the professional trader's portfolio and analyze how they do their trades in the market. The pattern they use and the assets they sell and buy. The chart might also help you and you need to take a quick view, always. You probably also check the news and the blogs about the altcoins so you can have a glimpse of what happens in the market. One I can tell is for you to keep on the trade market until you master it. The number one talent you need to possess in this industry is the persistence and emotion control. Never ever feed your risk appetite and avoid being greedy. Indeed, there is no specific strategy in Trading, --you have to learn your own strategy by trading often and learn from your mistakes.

Competitions won't teach much about risk management unfortunately. In these to achieve high places you must go waaay more aggressive as this is what most people will do. Most of competitors will fail and bust, but most profitable/risky strategy will most likely win or place higher than real life strat which has to preserve capital in reasonable manner.

maybe it will be easier to follow the uptrend as it is now, where we only need to hold long-term and wait for results, because like bitcoin right now, of course buying positions are more prospective and waiting for bitcoin to rise. and most important is psychology that we must pay attention to

As a beginner, we must have to observe closely the price flow for us to have some ideas on its trend. There is no need to bothered looking for many strategies and even used it in trades, only you need that it seems to be most applicable to the current trend and you'll better on how to use it.

Even you have a lot of strategies you applied it doesn't give you assurance...it matters most the way you are going to play your trade. And newbie trader can do is to observe the market behavior and don't aim so high immediately.

You are right I like to trade long term and the uptrend is really good at doing business The risk here is very low and you can easily find different strategies for doing business You can easily find out about currency prices and market conditions. You do not need to download anything, you must work objectively in order to trade.

What parameters need to be checked for market study before investing in Bitcoin

Initially people can try this for some time and see how the results are coming. Is their analysis going right or no. But finally, it is said till the time you do not enter the market you would not be able to check it completely as when your money is involved things changes. So, try with small capital and do trade on top coins initially to see your calls and how are the returns on your trades happening. Slowly you can move to little less expensive coins but be safe you deal in good coins and not unknown coins as risk in such coins is much higher as they can be delisted quickly as well.

A decent startegy that works for me is using RSI + 55 EMA on the hourly chart.

Basically, if RSI is going above 60 and the candle crosses the EMA, I go long.
if RSI is going below 40 and the candle crosses below the EMA, I go short.

R:R is atleast 1:5 or more. In Bitcoin, it happens to bounce around a lot and hit my SL often. Although its quite a good strategy for alts and such.

You can maybe try adding more indicators to this strat and refine it yourself. Currently I trade ETH with this startegy on BBOD (it has zero fee trading).
It works for me.

I also scalp a bit on there, zero fee is quite good for us scalpers.

Happy trading!  ;)

One thing I consider most in trading is to know our own limitations. Some people push themselves in trading even though they don't have such capabilities. Yes, knowledge could be gain as we go into trading but the question is, are we preferred and accept losses? Maybe not.

If we know a word enough, we simply skip from losing too much. Changing our mindset to a positive one and being contented of what we might get during our trades( even it is just 1% gains), it surely we will go far.

Fear is the worst enemy of any individual. Trading markets never guarantees you about the profits but you do have to face some loss depending on the market conditions. Trading would be beneficial if you could follow few basic rules and the way you use to trade also might be beneficial at the initial stage but I am afraid, you would have to spend hours each day just to speculate the graphs and find approximate entry and exit points.

The method you use might also give benefits but hardwork is much required. On the other hand, you can learn more about the patterns and strategies like Bollinger Bands, RSI, etc which would make you able to predict the approx peak and dip to accumulate onto the markets.

Your list is about learn trading by technical method but I think combine with fundamental will be great. Fundamental make from rumor and can invite people to enter/ out market with perspective not logic. Most people using this method for speculation and because this one technical method lost their great prediction. Stay learn and practice with your best method because practice make perfect.

Usually when it comes to altcoins you could predict "why" something happened but not "when" something will happen, I know its not helpful that the price of a coin going up and you checking why means you are already late to it and you will have hard time figuring out what the next move would be depending on it so why would you care if you didn't profited.

However, reality is if you know the community of a coin that means you know a coin, if the community is excited about a deal with a company and increases the price, you can position yourself when you hear they are about to do another, if a coin gets a v2 development for proof of work, then you can position for v3 as well.

Check out what the community likes and dislikes and whenever you read news about them doing something similar in the future, buy some more and wait for it because more often than not community will react the same way once again.

I think all currency pairs require a different approach/strategy but from what I have seen and works most of the time, trade when you recognize the pattern and remember your risk management techniques to avoid blowing your account.

Which fundamental methods can actually be used in order to gain profits from the trading market? And I can't understand how could we be able to predict the false traps or rumors as you said just by doing some fundamental research? Technical Analysis plays an important part and it could really help us to recover and make profits from the highly volatile markets.

OP seems a new trader who have recently joined into trading and for his case, understanding and implying the points mentioned in the OP would be a good head start. People need to start slow in order to gain immense knowledge. If new traders hurry onto learning new things before understanding the previous thing consciously than I am sure they would only bear loss.

Even a professional is also still doing that strategies and practices. Everyone is prone to losses that's why we should not focus only to those beginners. Good quality of strategies is the best weapon to prevent and avoid failures in cryptocurrency. What do you mean by emotional discipline? I think that's the hardest strategy for the beginners to practice because most of the beginners are very greedy and hasty. Some of the professionals are also greedy but they are knowledgeable enough to handle that kind of situation.

Analyzing the price trend can be useful for all kinds of trades but it doesn't give 100% assurance of making profits if we follow that strategy all you can do is to minimize the loss of losing your profits and capital. Beginners who don't have enough knowledge about trading strategies should start with a stable pair this will make their things easier until they get familiar with trading practices.

And it much better also to use known and reputable exchanges to have their security assurance. Because newbie would never think that much as they only focus on fees, coins to trade and the market price flows. Anyway, we started that kind of struggle as we firstly engage in crypto trading, no one gets perfect instantly and with the help of the internet with regards to trading tutorials it becomes a training tool to enhance our knowledge and step into the next level of competency.

Tutorials is worthless if you can't absorb the knowledge deeply, and what's the problem in learning process was focus on trading. All the recommendations is gladly applicable if a person understands the risk entirely.
We should find somebody who will provide us mentorship, particularly with the guidance in trading specially during chart analysis. Honestly, it's not an easy task because it'll give you lots of headaches when trading your pressured on crucial trading changes of trend fluctuations.

Although there's a lot to learn in cryptocurrency trading, you shouldn't go wasting time wanting to acquire all the available knowledge before you start trading, get the basic knowledge and start immediately while you acquire more knowledge as your engagement in the skill increases also you have the opportunity to learn from your mistakes as well as that of ours through their experience. Trading isn't something one has to know every aspect before they should engaged themselves.

A beginner should get familiarize with the basic information like been able to open and close trade, developing a trading strategy that best suits him/her trading style. Been able to understand and operate the exchange he intend using for the trading activities, while as understanding the industry in that not all that glitter is gold that's to say, been able to identify worthless project and to differentiate them from potential profitable ones.

I agree, Sometimes the experience is the key for us to learn some certain things and the error or mistakes we make is the best teacher that able us not to do the same thing again. The basic knowledge is needed to start but techniques and the strategies are to be discovered by the user itself, You can find some knowledge on how some strategy works as a guide for you. I started trading on a trading simulator that helps me to familiarize the basic practices of trading.

Demo trading account after learning tutorials will make a newbie more knowledgeable but the real trading experience on the exchange platform is the best experience of all so they have to begin with less capital and keep doing trades with that amount only until the user get into mindset of we can able to control our feelings and make profits while doing trading.

Absolutely, practice is way more important than seeking more information without applying it. If you know how to understand the process and how the cryptocurrency works in the market, then you have the idea of what are the plans and strategies you should do. Maybe some people are asking professionals to seek for advice and tips, just make sure that the people you have conversation with are legit and effective trader. Be sensitive about the platform you seek information with because that will serve as your guide for improvement as a trader. Cryptocurrency needs a wide critically thinking skills to avoid losses and stress.

Before investing in Bitcoin I think you can analyze trading charts and strategies for market study These charts help you determine the difference between investment costs. You need to experiment with red and green lights.

The above mentioned are the important points to be considered while trading but speaking truly, there also are a lot of sub points under each of the above point which needs to be studied in order to execute a profitable trade on the markets. Recognizing the patterns is never an easy task and you would really have to gain some previous knowledge about what exactly the patters are and how they work. This would take a lot of time for newbie traders in order to understand these patterns.

Proper study and deep technical analysis can lead you to gain profits from trading but if you lack any of them, you would be on the verge to face loss. New traders should spend their maximum time in learning about trading rather than going for actual trading.

That's a major point. Understanding our limits is much necessary every time we perform any trade.

Trading might show you immense profits and even most of the people sit and calculate the profits first before entering the markets. This creates major greed into their minds. They would hardly find profits from the trading markets because they would never be happy with smaller profits and this is where they forget about their limits and move onto reach higher limits but they drag down in a glance of eye as the markets might never be stable on one single price. They need to hold coins once they move in opposite directions but greed of money makes them panic sell those coins and buyback with some margin.

While I do not think it is a bad advice at the same time I think you are asking too much from newbies, most people are not going to be able to do half of the stuff that you want, most newbies are not going to be able to recognize the patterns in the market, they cannot really tell the direction of the trend or how to study the charts, this is why it is recommended that people at first trade with a very small amount of money, that way even if you lose you will not be seriously affected by it and once you can do all of that then you can use all your money.

thats why they called newbies and  we feed them tips and tricks like we have here right now  but its true that the tips are not that beginner friendly , there are too many of them and the terms use are also confusing   .

while you suggest here is one of those easy to understand  . this is also the first one that a beginner can do  . as a trader its hard to grasp the other stuffs but if you can only bet small , you wont  be harmed no matter what your trades end  up   .

What a bunch of tips would lead to nothing and totally confusing into their cause they still did not learn much and they know what exactly they have to do. And the worse case is that if they will be fooled into wrong tips. But in me, I would never learn much if I will never try this...its gonna be some sort of test and to identify what strategy suited to us. But as a newbie, we have nothing to go farther in order to succeed but just to start the basics. This is the most important and must to accomplish before going to the next level.

If you're a newbie and feel overwhelmed by OP's list of best practices, I will advise a much one simpler one to follow. Since you're just starting out, your best bet is to maintain your consistency as it'll help you on your journey as a trader.

Just be consistent and learn more. Don't skip steps.

I have seen least newbies being consistent. Most of the newbies can think that they already have great knowledge which does not need any much replenishment which might make them directly move onto trades without going through any minor steps which might lead to to have loss.

There are a number of smaller points which should be considered before moving onto real trades because trading with the huge volatile markets would never give you profits if you are unaware about the steps to minimize your risk, maximize your profits, diversify your portfolio, etc because these small things are going to help you on a major extend. That's why I always prefer each and every newbie to spend hours in learning about these points before they could trade with any coin.

No, each currency pair would have the same approach or strats when it comes to positioning or entries.It will only just vary on volatility but the whole concept is just the same.

Patterns? Not all the times for you to rely into these things.Why? it isnt precise nor accurate for you to depend on but somewhat it is much more better rather than
blindly trading.

Dont be greedy and set out plans then you would be on the good path.

Absolutely need strategy in all type of trading but you are the correct this point likes first priority will be patience. Good or bad traders dose not matter, i think any trader should be follow to strategy and definitely we will focus on risk management. Good strategy will help you a lot in reducing loss when you will go big loss.

This actually shouldn't be the case. We should try to avoid giving any tips to newbies as they would never follow those. Also it gets a bit difficult for those newbies to understand our tips and imply onto those so it is better if they could generate their own tips for trading.

Trading has it's own perspectives for each individual and two brains can never work similarly and hence it is necessary for each individual who has recently joined into the trading markets to make his own research and find profits by implying new strategies which would find benefits for their own sake. There also needs to be a major understanding about how the markets work before you could start with trading.

This is probably one of the biggest flaws of newbies, they watch a few videos and then they think they are already expert traders that can make a lot of money in the markets in a rapid way, but the markets are more complex than that, if things begin to go in the wrong direction you can be sure they are going to take mistaken decisions and they will try to recover the money they lost as soon as they can, and the markets are very harsh to people like that and sooner rather than later they will find themselves without any money.

This is a very common problem, everything is for a business system, commercial marketing sells a lot and there are always people who at first feel they are very lucky, and think that leaving everything to chance is like betting, but when it comes to losing The losses will be very large, very difficult to recover.

It is better to read books of speculators, that way you learn to think like them and understand the market.

They think that they can easily learn trading by just watching videos in the internet. They do not know that there is a process that is required to understand fully the market. It takes months to understand and to become familiar to the price action. Newbies are most likely a arrogant persons because they thought that they fully aware in all of the information in trading just because they watched informative videos.

I think it is normal for newbies to be an arrogant since they were just starting, they are only suppose to procure experience and knowledge that is why my recommendation for newbies is to use a small amount just to familiarize with these transaction. Watching some videos with regards trading is great but this won't be enough to learn all the things we should learn, use multiple way to earn knowledge and experience in order to become an expert trader.

I'm not against giving out tips to newbies, not all of them will follow such tips, but it may help some others to shape their trading. It's not to say that those tips, strategies and advices are correct and will secure profit for the newbies, it's just better for them to get tips on the forum where wrong tips and scam would be immediately crosschecked and tackled, on youtube, newbies can be misled easily, they could be taught wrong signals and no one will challenge the information, they can also be scammed since they don't understand "ALL" yet, so if one has useful tips or whatever to help newbies, I support posting it.

I think that is the source of the discrepancy between the views that newbies have about the market and how easy they think it will be and the reality of it which is experienced by traders like us which know that if you can at least survive your first year of being a trader and still have most of your money then you are in the path of success, and the only way to correct this is by being upfront to newbies about this, but many of them never listen thinking they know better than us.

Plan or strategy or anything you may call them but that is not a thing here. We just need one and more importantly we must need to follow them.

In my beginning days of trading, I do plan many things like timing when to trade which market and when to stop but after entering into the market frustrations I do forget all those things and simply trade as per my wish which usually ending up in big losses. Trading always require big discipline. When you are good in technical analysis, you might have more than 50% chances to make profits as the remaining parts are purely depend on how discipline you are while trading.

Well, I am pretty agree with you OP. In addition to that, being yourself is one of the important ways to succeed in this domain, many people will try to give you some advices and regrettably most of them are useless. Just focus on yourself and try to improve your knowledge in  different ways, and believe me, there is a great possibility that you will lose a lot of money in beginning and that's necessary in my opinion, failed experieces will teach you correctly and even more than the successful ones.

I don't think all that you have mentioned has any connection with risk management. When you talk of risk management, it should talk inrelation to money management and one emotion and not the strategy on how to trade that should be referred to as how to manage risk.

There is no harm to listen to other's opinion and may these are also helping to develop our mindset but of course, we also have to think and act wisely in accordance with our beliefs. In this kind of investment, we shouldn't have to rely on others all the time but instead, we have to stand our own. But much better also if we are open-minded person accepting some new ideas and for us to develop also, and this is very important in any investment and business.

I use confluence of price actions + key levels. For example happening now, BNBBTC pair in Binance is having a Bullish Engulfing candlestick pattern at EMA 100 key level with a swing low, I would consider open a trade here

https://i.postimg.cc/R0Pg738X/Screen-Shot-2020-02-13-at-9-12-29-PM.png

This is my main trading strategy so I created a mobile app to support me on this strategy. In Trading Edge (https://www.gettradingedge.com/) app, I create a trigger with BNBBTC, Bullish Engulfing, EMA 100 and swing low. If all conditions are met, the app will send me a push notification. Please try it out and let me know what you think!

A particular strategy cannot be applied at different times. We can analyze the basics but not everyone can apply that successfully though. We all know that buying high and selling low is the main point of making trades but how you determine that can be a lot more challenging. There are times when i feel like taking time to study the market movements and try to see if it can day trade. Most of the time though i adopt the simplest strategy, look for a coin that's on a downward trend, buy and then hold until it recovers. I usually use Binance so i feel confident about the coins i choose there

That is very important to know how to read a chart and analyze its market trend. Learning this will takes time and it needs effort as well. Being in the rush to be in trading won't give a positive result but a losing ends. Actually, having a good choice of coins to trade could also affect your trading result. That is why, in choosing a coin, we should not just consider its current price but we have to take a look also of its previous market background and so we can think that if this certain coins have a chance to grow or not.

Some coins might not follow their past movements and might bounce back exactly opposite. A deep technical analysis would make it easier for us to understand the trend. Usually we need to consider majority of oscillators in order to be understand the trend and this is made easy with TA. You have to spend most of your time in front of the graphs in order to start with trading.

Trading is nothing which should be made in hurry. You really have to spend a lot of time in learning about trading and even after that you have to start analyzing the charts and select coins accordingly to invest into. Investments are always subject to market risk so never forget to study about risk management before you could start trading.

The above tips mentioned are some basic ones and would need detailed knowledge further but I could not see how could we manage risk and could calculate the amount of capital we require only with these tips? Risk management would be a entirely different subject to study after learning about the charts and patterns.

Plus, those tips you mentioned above are not easy to learn. It would need weeks for newbies to start implying these tips and it might even seem a bit challenging at the initial stage. There also are a lot of other things which are important to be considered before moving to trade with real funds. Each newbie should first perform demo trading to gain some experience.

Trading is a continuous learning process so we have to be eager to learn every day. We should also invest what we could afford to lose. It's also a big advantage if we'll be skeptical about choosing a good coin to invest with.
Giving daily tips especially for beginners is a big advantage. It's important that we'll remind each other continuously.

It is normal for you to lose profits in trading but I feel you'll learn it as long as there's a loss  From there you've got to maneuver forward with education the proper steps need to be taken to research its charts for trading. It helps newcomers more  If you would like sufficient capital and you would like to shop for the currency due to the market situation you'll benefit.

I am very new to trading. Just learning. Bit yesterday I do trading with out having no idea hear I loss nearly $2.After losing money , I realize what mistakes I do. Your suggestions are very important for me. In my text trading I must follow those.

Always monitor the market before trade your coin is ny strategy in trading. Also know when to hold when dumping and trade when little by little pump. Patience is needed because monitoring the market s really time consuming, but there is no need to worry if you have a worth it coin because there s chance can gives you a good prifit, so I recommend to hold your coin as long as you can abd trade it when the pumping continuously.