Bitcoin Forum

I know there are many beginner traders on the forum. I am posting here some well established tips for trading, so that any one can check them out. Most of these tips are for short term and day traders who usually trade with huge leverage.
1) Never trade more then 1% of your total trading bankroll in single trade.
2) Always enter in the trade when risk to reward ration is at least 3x. as per your analysis.
3) Choose among top 5 exchanges.
4) Do your kyc  (if required) before depositing.
5) Be absolutely sure about fees, it matters a lot in long term.
6) Devote at least 20 minutes daily analyzing your previous trades, and make notes for improvement.
7) Always visit 5-6 websites or youtube channels before starting trading day for news and market sentiments and insights.
8) Do mediation and light yoga and some breathing exercises.
9) Eat healthy and most important one,
10) No matter what, always be happy...

Not so good 'tips' for beginners.
Why would you suggest anyone to do kyc?
Remember selling kyc data from exchanges?

Meditation? Yoga? Eat healthy? WTF...  This is crypto forum, and not New Age talk forum.

Well we all have perspectives, and these are tips which I think good for beginners, you may think otherwise, its ok.
I am only saying that do inquire about kyc and DO IT IF REQUIRED BEFORE DEPOSITING, so that you can be safe. You may choose exchange with no kyc need that up to you.
Regarding new age talk forum, I do not want to respond. May be you think them as childish but they are very important.

tips dont work for beginners you and i can give 100 tips but newbies will do things wrong , they should learn it in the hard way experience the situations , they them-self should have interest to learn and do it in professional way until then none of the tips wont work

Tips to 'avoid scams ' , wallet safety , exchange scams , platform scams would be good for newbies   

By hard way experience, do you mean they should lose money entering trades their could have avoided if they had more knowledge about how trading works?
Tips are very useful for newbies, and I highly recommend anyone who wants to learn how to trade to inculcate every bit of useful advice they get before going live in trading.

Demo trading helps to cushion the effect of the lack of experience, but it has to be used the right way to be effective. Newbies should take it as the real thing even if they are not making any actual investments, that's the only way they can learn efficiently.

No matter what, and always happy?

does it really have to be like that, while many have to be taken into account. Emotion and mentality are very important to always be maintained, so that trading remains on the target plan.

Beginners must also know how to manage capital for trading, then do not make random trading decisions, because that will damage the trading plan that you make.

Actually there is still a lot of trading that must be known for a beginner.

Visiting websites or YouTube channels sometimes can be very misleading, some websites are very good at that and that is when they start to shill some coin. It's better to stick a only one good source than many sources.
I don't know how this works but I don't this has any impact on trading. I would rather advise to take adequate rest.

Two good topics for you:

• Newbies - Read before using exchanges or investing (https://bitcointalk.org/index.php?topic=5178747.0)
• One of the Best Weapons in Trading (https://bitcointalk.org/index.php?topic=5173189.0)

Choosing good exchanges, and using best trading weapons.

Those wasn't a good tip for beginners as it requires enough knowledge with the common norms and vocabulary in trading. Even if I would be a beginner I couldn't start with what are you talking about. You must better, or they must better, be studying the basic concepts and principles of trading, its terminologies and stuffs. Besides, Beginners and Help doesn't require tips about trading as the Trading Discussion board have numerous threads of tips and tricks in trading.


And seriously, KYC? Even most traders doesn't do too much of KYCs to prevent their identity.

The correct term for that is remember to have fun always, trading is a process where there are steps that you should follow for you ro become successful trader. Trading is a profession that you cannot understand in just a night, it really takes time to understand the charts and the price actions. Risk management should the newbies focus to understand first for them to protect their capital.

Being a professional trader does take a long time and perseverance to learn analytical and fundamental techniques.
Have fun at the right time to make your brain fresh, because the stress level of a trader is very high.

Understanding every risk to protect capital from being trapped in the price game must indeed be the main understanding, but it should be noted that the capital used is money that is not really needed for other purposes, so it does not interfere with the trading strategy that has been made.

You gotta specify the top 5 exchanges man.

I can also list some XYZ exchange as one of them.

We all have different ways to make money when trading and those tips given by the OP is really good for all the beginners out there who want to make money by doing it, I just want to add some tips:
*Always be careful on trading websites
*Secure your wallet
*Know the difference between scam and legit

There are so many experiences and time that you need to be a good trader, once you've failed in trading, do not stop make it as your motivation to learn more.

Newbies can follow this topic also-
Cryptocurrency course for beginners (https://bitcointalk.org/index.php?topic=5236933.msg54147765#msg54147765)
So it's all about knowledge and experience for trading, many experience people also fail sometimes, so before get into any trading just make sure your base is strong enough to handle the loss.

Remember, crypto trading is a risky activity. So before you trade, it would be better for those of you who want to trade first to consider the risks that might occur at any time. Trading is not recommended for those who are beginners, especially for those who still do not understand how to do it. Therefore, a beginner who really wants to trade, they must develop knowledge and get direction and tips that must be done so that they succeed.

In trading I am still classified as a beginner trader who still needs a lot of knowledge, experience and advice so that I can reach the target for every trade that I do. I am sure some things that must be done by novice traders may have been mentioned in the OP list, but of course that is still incomplete because each trader has his own way of doing his activities.

Some of the things I have done so far as a beginner trader are:
1. Consider trading risks
2. Choose the right and trusted exchange and also safe
3. Determine the assets to be traded
4. Price analysis and charts
5. Determine the target to be achieved
6. Always get information related to traded assets and exchanges that we use to trade such as telegram groups, twitter, etc.

The point I shared above is my experience so far as a beginner trader, I continue to make efforts to continue to improve skills in terms of chart analysis and the price of assets that I want to trade because for me analysis is the most important thing before trading. Once again, this is not a tips from me but my experience and journey as a beginner trader. May you all become successful traders in due course.  :P

i think two important thing are missing,
prepare yourself on what is going to happen in trading, specially losses
learn from someone who have broad experience on traind - he or she can help you or guide you in trading because of his knowledge acquire from it.

I think this two is very important in my opinion, because being prepared and knowledgeable will make a smooth transition, if you can learn from the best
before putting you foot in trading the better it lessen the risk, this is only my opinion.

many newbie are feeling confused when they have to trading for first time. I had the same problem too, i was only using my experience in forex when i try to trading in btc. i think my experience is not enough and i need to learn more about it. :'(

"If required" for the KYC.

But you don't have to think of it if a top exchange wouldn't force you to do so. They have certain limits for each account and that's not desirable for beginners in trading.

One more thing for me, don't trade using your emotions.

You just said that learning to trade is not the end The more you learn the more you will know and the less the damage will be I always trade on BTC And try to go back and forth with learning from mistakes. Tips are really great for trading  The new ones will be more useful.

I think you forgot one of the important in trading.
Using STOP-LOSS and TARGET. These are important since it will help you to control your self in trading, you will stick to your target and stop loss for every trade you will enter. It will help you to reduce your risk and maximize your profits also. These are effective in every trader.