Bitcoin Forum

If You start trading and you have no clue about techicals or no help from someone who knows
You will lose your money likely.

You will fall in fomo and fud no matter what the Good news and bullish market out look the techicals analysed correctly never lie to You!! 

If you Want to be successful trader you better learn hard as you can the techicals.

I understand that and I have made many mistakes above. It took a lot of money and I realized I could only believe in myself. When we try and put a lot of effort into something, we will certainly pay off. It is important that we have to start before we know where to go. Here a lot of people expect from expert news to buy coins even though they know nothing about finance. It is one of the fastest ways to lose money. So please learn to improve your monetization formula.

From the beginning of my learning i lost many money but my first and final intention was i have to learn trading so that gradually i am going to succeed in trading. I also taken help of my friend who is very much expert in trading and now i can take decision about my trading by own but this did not happen in one day. So i think for trading need highly patience and research so that he may succeed one day.


thanks.

A piece of advice I got from someone who also experienced the same thing is that, if you are not learning to trade well then just invest and hold. You don't need to do anything else but wait. But at least try investing to a project that had been proven to be rising up such as Bitcoin. You don't have to participate in accumulating thru the spot nor margin trading.

In my experience, what made me lose money while trading is; panic...
You explain that the most important thing from a potential trader or investor is the ability of technical analysis, actually, without patience and accuracy it is useless. one more; a potential trader or potential investor needs a trusted mentor who is ready to share knowledge with you.

Technicals arent everything since crypto market can fuck it up on an instant but somehow traders and investors do heavily really into these tools because not all the times we are depending on fundamentals knowing
that this market doesnt anytime had some updates nor issues.This is highly reactive to events which it would be ideal if it would be mixed it up on making your own analysis.

Letting yourself get affected with Fomo and Fud will surely wreck you up.You wont learn if you wont experience such mistakes and even experienced or veteran ones arent an exclusion.

This is just a basic advice and majority do even know these words but still most people do fail to follow it

All of those factors are needed specially when we do talk about emotion.This thing can really be a huge factor that will affect your own trading. Better to have good grasp and control of it or else you would be fucked up.

My advice is always invest what is affordable for any accident. If we go madly with things, it will only lead to disasters. So we need to be extremely careful about it. I always try and invest carefully and it’s simpler with Forex trading using regulated broker. I use FreshForex. So these are what I believe is best way to go for investment.

The whales dont do more with the technical like some crypto geeks feel, whereas the whales get more profit than daily traders. 2x to 5x is enough for them with their million and they are most long term holder that take profit at bullrun, 4-year cycle. I dont follow technicals here or any other social media. I just understand the coin fundamentals, look for the coin listed on top exchanges, buy and set my sell order. I can wait as long as I want and most times patience pay.

While I do agree that technical analysis play a big role in trading success but there are also other things we should put into partners like fundamental, learning stop loss, resistance, etc.

But I do have acquintances who are doing some trading without the use of technical analysis. They're just doing some buying low and selling high. Waiting for bitcoin and other coin to decrease in price and then buy again. They are just following the hype and go with the flow. Just as simple as that and they are still profiting.

Dear mate you have given Such a good ideas about trading that I will keep in According  to me to become a good trader we must have good kind of knowledge about trading even if you have an idea about trading, then try to increase your knowledge about trading. Market analysis is the is also the most important thing, Before investing we should analyze the market rise and fall properly. For trading don’t listen to other people make your own research.

i can read the trading chart that way that i will say exacly price and when i all this from the techical reading i would say if you know the techicals you can undestood

Going with the flow and accepting the risk that accompanied by your decisions, very tough but
effective if you have good patience inside.
Buying low and selling high, most of the time if you don't know how to analyze properly, you'll
be trapped and lose your investment.
There are many factors that influenced the market especially crypto, with it's volatile nature you
need to have big nerve and patience to gamble with fate.
Though, technical analysis gives you much closer look with what to expect the market will go
anticipation can be more clearer.

The main thing is to follow a pre-prepared plan so that there are no unforeseen situations for the trader. But I also agree that knowledge of fundamental and technical analysis is a must, since this is the basis for successful trading. And if we talk about investors, then today the DeFi project is very popular, and investors are eager to invest their funds in these projects. In addition, there is an assumption that it is precisely because of these projects that the Ethereum network is currently overloaded into the network.

Technical analysis and other analysis like Fundamental and Sentiments are really necessary and important in trading industry. Before you engage in trading, you should really know how technical analysis works because that will serves as your basis in making strategic approach in trading. Investors should be aware about the possible result that they might get in trading, either earning or losing. Once a trader is not that knowledgeable about the basics in trading, most likely he will make a lot of mistakes first before he become effective compared to those who already have a lot of ideas about how trading really works.

Good traders does not just happen in a day because they have to endure hardships and lot of sacrifices before they become good traders. Mostly traders experience mistakes at first since they are still new in trading but after its long process, they will learn eventually about technical and fundamental analysis in trading which will make them better traders in the making.

Then why start trading? Beforehand, it's mandatory to have a basic knowledge. Spending time studying the basics is a must.

Mistakes and losses are normal. There is no 100% perfect trade.

Just do trades while learning from mistakes. The money will lose, that's part of the process, but in the long-run it's worth losing some money for experience.

if you are a newbie and have no idea what you are into, start small, amount that you can very well afford to lose. and at the same time try reading some tips and tricks. this forum has a lot to offer. this board alone will give you insights when it comes to crypto trading but you should know how to filter those opinions.
every trader starts from being a noob and only experience and acquired skills can help him to be a better or successful trader. dont lose hope.

the basic  needs is the development count to each part of investment function, be ready to the entire system to show them all as well by using your limited time to represent the entire plan to know how to spiking if the problem has coming in, so initially be productive at all times.

You are right, over the long run if you don't know how to read technical analysis charts, then you're likely out of your league and shouldn't be trading.  Not to mention you need to have a strong hold on fundamental analysis too. 

It looks like you already experience a lot of funds with the use of trading. Don't take it easy with trading this is the most misconceptions of the people regarding the use of cryptocurrency trading, even in other kinds of trading.

Trading requires having a lot of knowledge not only on the market price but also on how to read the graph and what are the objectives in trading. Sometimes you can learn with the use of your modules and another kind of things that can help you to learn. Still, you can use your experience as a learning phase but this is the most expensive one you must need to make an investment with the use of it because you are just trying to explore what's in the world of tradeng.



Sometimes we disregard the number or total of winnings in the world of the trading the most essential thing at the end of the day is you gain profit even you already win a lot of game but the end of the day you don't have a good profit still it's useless. Profit matters this is the best thing.

Understanding technical analysis is critical to success in the cryptocurrency trading market. If you don’t know it, you’re just going to be gambling with options in the market. That’s the same thing with trading forex, you cannot trade it if you don’t know how to analyse the market properly and tell the possible outcome.

In fact, learning trading is not easy, there are lots of things attached to it, and you will have to start from the top to down and learn everything, and when you understand everything, I believe that you will be a professional at it. I learnt about cryptocurrency myself, but when it came to trading, it wasn’t something I had to do by myself, I had to connect with people that has been into it before me and worked with them.

Of course it is better if we have a mentor, so that the steps we can take can run optimally. because Jima relies on hard work without the correct technical direction from the mentor it's useless we will only get losses

if you want to go one direction you need to use the law of possibilities if you dont do the research enough and dont work enought to get resuts then the ship will go any direction .....if you dont lead the ship...and you start going from port to destination what is the possibility you will arrive to correct destination=?? zero !!  ....but if you even try to lead the ship as much as possible to the right direction the possibility on your favoure will be bigger.



so you are the captain lead your ship do the proper research about your destination and dont fall for whales tricks fud and fomo..the sea sometimes is not easy...a lot stroms and and shaking a ship  but you still have to keep your direction right.

Yes we do tend to make many mistakes during the beginning of our trading days but that's what makes us learn more.
We do make mistakes but we also get an experience from it.
Learning technicals is really a good thing and all of us should learn technicals to have a technical aspect over the coin but technicals don't matter that much in crypto trading according to me. Cyrpto trading works well with psychological aspects and some technicals like support and resistance.
Relying completely on technicals would be a bad idea in my point of view.

I agree with you that in today's world there is a lot of improvement in terms of technology. In that case, the more knowledge one has in terms of technology the higher he will rise. In the case of blockchain technology the market is being updated a lot so if investors are updated with the market the risk will be much less. But with the advancement of technology comes the need for patience to trade success is not possible without patience and self-control.

I think knowing TA is definitely a requirement for being a good trader but also knowing that TA is not be all end all is another big important piece of advice as well. If you do TA and see an opportunity you have to realize that it could happen, but also you have to realize that it may not happen as well, it all depends on the market changes and in a regulation-less and decentralized environment like crypto anything could happen at any moment and markets could swing very much.

I remember too many times when people were all looking at TA and see how it will go up insanely high yet it went down and vice versa, so I know that TA is not something you could learn and just profit forever without ever working again, sure it is a bigger help than not knowing it, but it is not 100% guarantee.

Doing trades without knowing anything on how trading works and about the crypto coins you wanted to trade is like putting your money into a gamble which makes it a lot more risky that what is used to be. We all know that doing trades and investments are associated with risks but being unknowledgeable about doing such makes it more risky for you are putting your money into an undesirable scenario.

If you do really want to do trades, you better know that you must learn the basics before engaging to lessen the risks associated on doing such works to be able to become profitable and achieve desirable results. Trading and investing is something that is in need to have prior knowledge for you are putting your money at stake on doing this kind of work. A responsible and good trader must be knowledgeable enough to be capable on making his trade be profitable rather than taking losses.

I agree that technical analysis plays an important role to succeed in trading. As you explained in the opening post, without technical
analysis can lead to money loss and we will fall in FOMO, and I have to admit that all of these things are true. To become a successful
trader, you must learn technical analysis as the basis for determining the buying and selling prices in trading.

We keep telling the newbies that its too risky to trade without knowledge about it especially if you are just depending on any trading signals. Yes, the market is so volatile that can make you lose all your capital in just a day so don’t overthink and start learning how to trade.

If someone introduces this market to you as an easy way to earn then you’re on the wrong place because cryptomarket is risky and volatile, no easy money and pure hard work only. Newbies or anyone planning to trade, make sure you know how to buy and sell.

But in reality where people do really like to rush up into things and thats what makes them careless and going to the battlefield without prior knowledge or even knowing the basics.The result? Its a sure loss and as said it would really be just like on gambling on a casino since you dont know on what you are doing then it basically considered to be one.When you do give importance of your money or you do value it then
be sure to do all sorts of things needed for it to be utilize on an effective manner, not just on putting it directly and expecting for profits to go along, thats not how the reality works because
one mistake or missed up something will surely cost you.

The more risky you play the more likely you are to get scared or fomo.

Playing risky is playing with borrowed money or money that's too big for you and that you don't feel comfortable spending or playing with high leverage that you're unable to sustain for long.

Usually investors who put 1% of their money in crypto don't get scared too much because such losses are acceptable. Invest 50% and you'll be losing sleep every night.

I think many fall in FOMO in 2017 and get REKT when we enter the bear market. So yes, it's really hard to fall for it and not doing any research on your part. It's already proven.

Majority will agree with you, but there could be some traders, we became successful by just simply getting themselves into trading and gain experience but loss money in the beginning. What I'm saying is that sometimes it's better to feel that inevitable, losing money to be better next time.

Investing in this market analysis is essential for traders but certainly not always accurate as the crypto market is often very volatile. To become a good trader you need to regularly update new knowledge and have to watch this market every hour because it helps you a lot in trading. One way or another, in trading, it is necessary to have a reasonable investment strategy and set the price to sell after buying to ensure profit.

If you invest in crypto, but you don't know what coin you can buy, perhaps, you can choose bitcoin and hold it. No matter how long you hold bitcoin, in the future, the bitcoin price will increase, and at that time, you will see the profit that you can make. To buy bitcoin at a low price, you can see when the red candle appears on the market, so you can start to buy.

Assume you don't know much about crypto investment, but you want to invest in bitcoin. You can try to buy bitcoin when the red candle comes to the market because that can be a low bitcoin price. And if the price still gets down, you can buy more bitcoin and hold it with your previous order so you can have more bitcoin. After that, you don't have to do anything, and you can wait until the price starts to increase. It would help if you had a target price to sell bitcoin, so you don't chase a bigger profit.

That's the thrill in investing, that's why the line invest only what you afford to lose is too popular, if we know we were not able to monitor our investments we should not put too much, due to pandemic many risk their assets to do business or dort in trading to earn, but not all is able to gain profit so better try to learn first how to invest and trade than risking without any knowledge on where will be going to put our investments.

By considering crypto is volatile again makes it seem like it was never volatile to begin with. The market has always been volatile for a long time now, and it’s not something that happens once in a while, no it happens all the time and seeming that many some people are entering into options trading in these volatile time and by believing promotions  like it is an easy thing and there are no risks involved and people won’t lose money in it, I am not so sure of that. So, we should not blindly follow any good advice from any people regardless of their reputation levels.

Moreover OP is just going over it like it’s an easy piece of cake that anyone can handle, but it is not. When explaining things like this it’s always best that we talk about both the positive and the negative sides of it, so that people , especially the newbies, who are interested will fully understand what they are getting into.

Simply put,  when we are investors, we need to have ample insight into trading. Then all the market sights, where what is emerging, all this has to be scrutinized. All the big traders have pushed through a lot of tough periods. After a tough period, one surpasses the cliff of progress. So our task will be to deal with all circumstances. But another thing is to be apt to endure the loss in the first position.

Most likely it will end in gambling, I just thinking that gambling and trading is really different. Trading, there are a lot of way and even need a long time to successful to be a trader. You can make money and you will have financial freedom in the future. But in gambling, I don't know I can't indclude it as a source income even if I got a win in a huge amount but I can relly on it. This is why someone especially newbie to trade need a knowledge before they start to trade.

Trading crypto currency is like you trade in your real life, we can suppose an exchange is a shop and the coin as the item that we will sell. If we know properly the characteristic of each coin or an item (in a shop) so the chance to gain profit will be enermous. We can offer to everyone who comes to the shop until they are insterested and make they buy it. Trading crypto currency is like that, you have to know much the characteristic/the movement price of the coin itself to gain a profit.

I am sure that using this tactic in trading at some point your friend will sell their BTC and will no longer be able to buy them, because the price will increase greatly. And he will have to buy at a higher price than he sold earlier, or wait a long time for the price to return to the level when it will be profitable for him to buy this coin again.

best way is to follow my signals


i have other target reached price reached exacly to the point :)

who else can do this?

You may agree or not but if you want to be a successful trader in this crypto space than you must be aware of how to make use of FOMO and FUDs because these are all the basic things which are the actual mover of crypto markets; without them you cannot expect any wild fluctuations will be happening in crypto markets.

The importance of TA and FA have been discussed across this forum so many times still new people never find its importance and finally biting dust in their crypto trading. Only after frustrating failures they start realizing the importance of learning about technical analysis for a successful crypto trading career.

Your advice is indeed good, because learning about technical is very important in trading. Without technical analysis we are trading
to be like gambling, because it relies on luck and that's not good. Of course, mastering technical analysis can help us predict price
movements in the market and can also avoid FOMO.

For example


The news are sometimes bullish and market going Up but suddenly.... There is big drop, That's on of the most case the... If you can know the techicals you can know the Up coming dangers.





First thing is double bottom  W   IF its pointed Up the market is Up trend if its pointed Down... Likely market Goes Down
When the double W occurs? 
It occurs when there been 3 pumps in few days
As u can see W FREE POINTS. 



THAT'S just one of the techicals

I suffered losses in everything from trading or investing when i first entered the crypto market. you need to be prepared because trade or invest never give you stable profits. However i am willing to support trading as it is best to make a profit in a short time, and the risk is less than the investment even if i can manage it properly.

That's a day trading which is very risky though, that's okay to go trade as long as you know that you can afford to lose what and you have skills in trading. I guess the reason that others want to hod instead of trading because they want safe startegy of gaining profit of crypto.

Any form of investment like doubling your bitcoin will most likely end up scam. I suggest to avoid this kind of investment.

Technical analysis has always been an important part of crypto world that most newbie traders ignore, and no veteran would ever ignore.

Veterans do not need to use those TA in order to trade, they could trade however they want, even according to some news they could buy and sell, they are veterans and they know what they are doing however the difference is they know TA and they check TA and it is up to them if they want to use it or not, however if they do not want to use it that is option for them and if they want to use it that is another option. If you are newbie and do not know TA at all, that means you are not giving yourself the option to pick whichever you want and you are forced to pick the other option all the time which will result with you losing money most of the time.

That's right, if a newbie enters the cryptocurrency market without someone with experience supporting them, it is very easy to lose his or her money.
I went through a similar situation, when I first entered the market it was easy to get into FOMO situations and lose most of my initial money.

Technical analysis is not that so important to, IMO, what's can you get from technical analysis when the market is unstable?

To be honest, TA is just a props to be called a good trader, they are just drawing lines and circles and triangles on the chart, especially with bitcoin? I just laugh when someone do it, like how is that technical when you just follow the pattern from the old movement. Better to see the bigger picture at the current time where you can relate bitcoin, I call it a weather for crypto.

Same question to you. why unstable prices can be formed? Is there a miracle there? Or how?

TA also includes patterns. Patterns are always repetitive. To double your btc from  1 to 2 btc. Using hodler methode, Then you will need some times, 6 month, 1 year or more (except when you are following pump activities). By using TA, you may not need more time. One more thing, how will you determine the right selling price to get profit if you don't use TA? Will you rely on a whisper or just a feeling? What if after you sell, the price can still go up again? Mind to share?

I dont give names of some of my mentors in the space because they are not 100% right in prediction which is expected. Correct 70% prediction is reliable enough for such a deregulated and volatile market. An experience of 2 cycle is enough as a millionaire in the space also. More people get into the market during the bull market, they are attracted by the achievement of most investors purchase in the bear market.

Well, this is very important in trading to have technical analysis ^[TA], not only technical strategy, but traders also are looking in another side of strategy, --that is fundamental analysis ^[FA]. These are very common as what I heard from those expert traders and I think, until now, this old practice will not be changed upon predicting the price of the market price. Once also you are a good trader, you should also resourceful of any idea or even events that perhaps will affect the price in cryptocurrency because technical analysis alone is not enough.

Fomo will always be accompanied by greedy because almost all traders/investors who come without a knowledge they will be confused about when to sell when they get a profit and out when they continue to get losses. They will just fall to another people suggestion and an information that spread in the market. Fundamental factor is really important but without TA it will be useless. I often to meet seeing a good information but the price movement just falling down a lot but after that the price was increasing again. If someone know about TA they will know the reason why the price fall first and back to increase.

Technical analysis alone not going to make any crypto trader into a successful one, technical analysis too needed but lot of other things they need to learn before jumping intonthe technical pro day trader.A trader should be more strong with the fundamental analysis then only they can be sure about the coin which they are going to trade then when to enter and exit to avoid losses.

and besides Daytrading is not for all of us,because this needs complete package of Skills,knowledge,ability,perseverance,dedication and Brightness and this can't be to all people inside crypto.

Thats why many are relying IN HOldding than to daytrade.

I myself is a clear example of not lucky in trading so i focus in Semi and Long term investin,No pressure and safer.

I don't think so if there is something good advice created by OP.

If you want to become a good trader these might be the possible options :
1. Make your own research about the coin you want.
2. Always keep updated about the news and articles.
3. Don't expect  too much on the market movement.
4. Don't get carried away by your feeling e.g. fear and greedy.
6. Learn technical skills.
7. If you have budget try some trading courses.

Investing long term is pretty expensive. I agree with the advice to a certain degree but always try to at least gain experience. If it didn't work out then get a job and fund your long term investments. Always diversify your investments so you do not experience disruption in your cashflow.

The best investment advice is to do research and master the strategies it is not possible to invest without knowing something about the market. The losses here are high and many leave the market you need to choose the right currency by researching and analyzing different places. Better a poor horse than no horse at all greed should always be avoided. Try to invest a small amount without greed this will increase both your knowledge skills.

Well for me having a knowledge about technical analysis is an advantage for every trader because it can maximize your chances to earn since you are aware of the possible movement of the coins you hold.

However its not all about knowing how to make a TA, its up to your strategy on how to make profit regardless of the situation of the market.

Yeah, although there are few people who have managed to go with it alone and discovered the secret on how they can do it better.

But, just like you said, I do say the same to traders that are still starting up to look for those that are going to be guiding them on their trading and helping them with technical analysis till they are good at it. Still, if someone claims they can help you with it, it’s best that you tell them to show your their portfolio so you can see their success and failure rate and know if they are as good as they claim to be.

I'd preferred to lose at first so I can find where I got wrong or a thing that I needed to enhance my capabilities and knowledge. Besides, experts do losses as well even though they are good at technical analysis, strategies, and huge knowledge. Because this is not a ticket for us to ensure that we are always at good, we still have weaknesses, and definitely we can't stop it. It could be of big advantage but certainly not it gives assurance that we can't suffer any losses.

To lucky for others if they have a experience guy next to them who's willing to teach them the technicals and other things on trading and for this for sure they can minimize the possible huge losses which mostly occur for newbies who's starting up. But for others who doesn't have for sure they will learn a lot from their experiences and I always admire those self learned person since they are the one mostly gain success in tradings.

I do not believe that these advises are as nice indented as people think they are. I mean when you share common stuff that looks logical but considering crypto is wild and volatile, I try to see how it could be helpful. Obviously it could be from someone who thinks logically and that is why they share, but at the same time I feel like there is a chance that people may not be actually seeing what they should see with the idea.

If you work logically in an illogical situation, you are not going to end up with the results you want, you are going to end up with losses because you are acting logical and nobody can say what you are doing is wrong because they look common sense but when volatile market does something unexpected and what it shouldn't you end up losing money.

We can really expect that response and ideas given will really be on the logic and common sense side but actually we are all just the same since this market is always been unpredictable.
We've just been commonly do say up these words but when we are already on the actual situation then we can really say that those advices neither effective or not and thats
how unpredictable it is.You are right that things that we want arent really ending up to be the outcome.Its neither both path where you would able to take.
This is why as an investor or even just an observer, these things will remain questionable from most of the time.

Losing big at your first trade can be prevented only if you study first before you invest. Losing is indeed and expensive way to learn in trading so as much as possible better to prevent it. Also, if you don’t have enough knowledge you might become a victim scammers which usually targets those who don’t know much about the market, there’s a lot of enemy in this market. Making money is not guaranteed, but the chances of winning is high if you have strategies so keep on working to learn more everyday.

Why losing big in the first place? when it is always advisable to trade with the amount of money you can afford to lose, you don't just throw or invest on something you have no idea about e.g trading.
 Losing a small portion of the total portfolio will enable a trade to  go back to the drawing board study and research about the market, analyze to check what went wrong with the trade make possible corrections or amendment re-enter the market again with the same amount you can afford to lose when profiting use a good money management in a long run you will be profitable.

It is very normal for every beginner who came into this industry to lose their investment. That's why as an investor you should know-how
to accept loose, because this business was too risky. So, it needs knowledge and skills because you are a trader here too because you will sell or buy your assets according to your will of course, depending on your understanding of crypto trading.

Before starting the trade, to know trading strategy and knowledge are very much important. If anyone invests without knowing trade, he has a lot chance to lose his fund. So, if you want to be a successful trader, deeply study on trading. Gather knowledge on trading strategy, trading policy, market trends etc. The start trading with small amount for practical knowledge. At one stage, you will realize, how you should play on trading.

As we know that it is an impossible thing to know everything about trading in one night. I was also a newbie in mid-2017. I had lost money for the wrong techniques and after realizing it that mistake learnt me a lesson and I had become matured later and still, I am learning. Gradually, I am making profits from it. So it would be good for you if you know and learn first then go for using it otherwise you have to pay for it.

Learning is just the start but having the courage to trade is actually harder if you know there is risks to it. This is why a trader should know conciously what to do when market indicators do something which is depicted in the charts.

The reason why trader still like to be on spot market is because its less risky than on margin trading because they wouldn't be liquidated when they just buy low and sell high.

I always try to pay attention to the accompanying luck, because if a dark streak begins in trading, then you should not start trading on credit if there were a number of failures before. In this situation, you should always give time to rest and reconsider your approaches and strategies.

Know the technicalities in trading is not enough you should acquire good skill and good to analyze also you need a good experience before you jump in into trading and investing to it also reading articles about fundamental analysis and following others analysis would also help.

If you are aware of the difficulties you might face in the future, I am sure you could also provide something for the situation you might face as well, for example if you buy something and it goes down, if you have a plan for it even before you buy that means you are going to be a great investor, however if you end up not having any sort of situation ready and you just end up being bad, that is going to end up with a loss.

Be ready for all the bad things that might happen and you are going to get out of that situation without a problem, if you for example load up more when it is low so that you drop the averages and put up a good sell order above your average so that you would get out even during a spike, you would be a good trader. Do not just watch, get involved with it.

This is right, you need to know how to accept loses (the more you trade with more loses you will have to face), but in the same time you need to know how to handle your profit! Medal has two sides, and both sides are equally important, profit will not mean much to you don't know how to keep it! For these reasons we have bankroll management, you can take all the money you have and start trading with the entire bankroll, you will not feel comfortable if you lose it all! 10%, 20% max from your bankroll is a good start, even if you lose it you will be able to try again. Before trying again analyze your previous trades and try to find out where you made mistakes, with next trades try to not make the same mistakes! The more you trade you will learn more and with more knowledge you will have more chances to make profit!

Yes mistakes are part of all the learning processes and profit that will come later will bring joy. In life, we need to be focus to achieve and feat takes us away from what we are suppose to achieve. Trading is risky and also all other thing we do.

There is a huge difference between losing a bit and losing a lot. Most of the time if you are a very newbie investor and you lose big on your first try you will leave, not everyone leaves of course, I lost big on my first but I recovered it later over course of years, but at the same time if you are newbie you could definitely leave as well and nobody could say anything.

However, if you are new and you lost only a bit, not too much but just like 5% for example, you could totally recover from that, because even newbies knows that 5% loss is nothing and it could happen to anyone. Obviously we are going to suggest all newbies to have a stop loss, that way they could never lose too big and they will try to stay in the market as long as they could to make that back.

Trading is full about your learning on your own with some experience on trading.And it is not cent percentage you lose your money,if your inverse with out trading knowledge.Sometimes,you can get profit with your sweet luck.To continue your profit,you should became a technical strong person on trading.

That's right the advice the opening post gave, because trading without having knowledge of technical analysis will only make us
experience losses and lose the capital we have. Because we will make the wrong decision when trading without technical analysis
skills. So totally agree if you really want to become successful traders, you have to learn about technical analysis. If you already
have knowledge about technical analysis, you shouldn't fall in FOMO and FUD, because you can analyze the market correctly.

Technical analysis has nothing to do than having our own instinct. It probably we can tell that not all TA's are effective, it is just a sort of market prediction for the incoming which we are actually not sure about. What we have now is to have the positivity and confidence towards the incoming and driven by our individual instinct helping to decide the right and the best thing to do. And why it sometimes we fall into FUD/FOMO, it is because we always rely on TA's.

Well, we always mix up couple of variables or variance which is wrong if you agree with me. Investors should always have a strategy; while trades should also have a strategy but also perfect technical analysis and fundamental analysis. While understanding and practicing both; you should also understand that knowing everything about trad charts would not stop you from fud or fomo.

You have got to develop your emotional intellect perfect, to ensure that you are not swayed by any news, rumours or gist in the crypto space.
Always do your own research.

That's right but if you continue to do it in long period of time. You should learn from these mistakes and try new techniques and strategies that will help you to know more about trading. Its for all good of every traders to know a lot about trading. Knowledge is very important. Sometimes its not advisable to trade if you know your not in the mood and emotion will come up at you badly resulting to bad output.

I understand your point, trading is really a hard task for someone that doesn't have enough knowledge on technical analysis such as reading charts, graphs, using different indicators which are not easy to understand and apply to the  actual trading. Most beginners on trading are usually do not have enough background/strategies or what on trading, as a result, relying on their feelings without technical analysis, ending up being the loser.

Uh, isn't that obvious? Maybe not really for the technical side unless you're learning smart contracts, etc.
Just a watch in Youtube would already help you. You don't need "someone" actually. You could just self-learn and get the hang of it. Did that in my day trading days. It was a learning experience because I didn't earn but I still learned.

At first you can instill patience and yes, we know patience is something important but even patience can also be applied to novice or inexperienced traders. I only share a little experience in the past, therefore I think patience is something that is very important for you to realize from the beginning onwards, because even though you don't have experience and also have a good understanding in trading but with patience, I'm sure you still have a chance to get profit from trading because with patience it will allow you to control yourself not to panic easily.

Knowledge of the technical analysis is not enough in trading. You really need patience and treating cryptocurrencies trading like the normal business. We have sell what we bought below the purchase price but we always do the opposite when trading. I will recommend strong mind above learning.

People who have technical knowledge in the analysis is an advantage. Yes, those traders that have less knowledge are likely to lose but it doesn't mean that they shouldn't learn it through experience.

It's good advice, reminding the new traders that the risk they are dealing with is high in trading. But all of those can be learned in process.

Yes we can learn how to read the market and make an analysis by experience, its an edge of a trader. But being successful in this field doesnt rely alone to this. A strategy and how you understand the market are also important, even traders who dont know how to make a technical analysis are able to earn by following their plan and strategy.

In trading, you just need to become balance. Not all the time you are going to focus on the technicals well there are two different people learning and applying their knowledge.
1. We have the person who called the bookworm they are most likely learning with the use of the information and the books they are reading before applying on the real trading.
2. There is a person who is more on technicals, likely more on experience.
These are the two type of person I usually encounter but for me, it's better to have both skills because not all the time you are learning with the use of the books and not all the time you doesn't know more than only came from the book.


Also, another thing is the patience and the faith of the trader is included. There are a lot of traders who are using too many emotions in making a trade like the FOMO, when the market falls immediately sell out and etc. Trading requires different skills, also if we have 7th sense why not in trading.

Learning from the experience of people who have achieved success in trading is a very valuable lesson so that you don't lose money and you will get a profit

Of course, any area of activity in the cryptocurrency market provides valuable lessons and a lot of experience. In addition, investment and trade have significant differences. Nevertheless, for a trader, the most important thing is technical analysis, thanks to which the trader gets daily results. For an investor, the main thing is fundamental analysis in order to fully explore all the possibilities of the project and the real prospects of cryptocurrency in the future.

You can combine them both at the same time as well, you do not have to follow just one path and never derail from it forever, that would make you a robot and I think there are bots that can follow all your instructions which means you do not have to be a trader yourself, just learn how trading is done and which one is good and you could potentially just get that into the bot and make it work for you without ever doing anything else.

Since you are not a robot yourself and you could make changes in your path, you could trust your instinct about something but do not do it on every single coin and token, do it when you check the TA first and react accordingly, do not go all instinct all at once, just see what the charts say and depending on the result give your own twist to it.

Thinking last line because if we want to manage trading successfully, we must learn and do a lot of research. I think the more research you do on a subject, the more you will become proficient and practice a lot to get success from trading. So learning is the most important then you can do anything in this crypto market.

It might be true to some extent but technical analysis is not the only thing that drives the market forward.
Crypto trading depends on many factors and we must know all of it to predict the market's next move.
The fundamentals play an important role too and I have noticed many times that the trend is set based on the global news and events based on crypto.
Technicals does help us a little but one must focus on all the other aspects as well to gain more profits from their trades.

I thought such advice is evident like a recommendation to keep your private key safe.

Cryptocurrency investors should be aware on how to manipulate their assets in the market properly.

Research is not enough without application to become more effective in trading and investment. Learning how technical analysis works and other analysis is also important because that will give you a hint on when to make transactions especially that most of the cryptocurrency are volatile, especially bitcoin which is the number 1 most used cryptocurrency asset.

Try to use some virtual trading platforms that you might use in order to understand how trading actually happens.

It is absolutely true that every trader shouldn't depend solely  on getting signals from others but should strive to be able to understand technical analysis.
However, it is not just technical analysis that should learnt and mastered but also fundamental analysis. Both are equally important for a trader in order to make the most of the market.
A successful trader understands the importance of both and uses it to his advantage. It is only imperative to learn as much as possible about both before venturing into trading.

OP is true some people still jumps on the market without any knowledge will result on losing money since trading can't be learned without any knowledge at all even if you trade many times and gain experience it's nothing if you don't even know the basics of reading technical analysis.

That is true. Many people are really jumping and skipping the basics and getting into the act of trading knowing nothing and even the technicalities involved are not known by them making them suffer from loss because of the act they do on passively skipping the essential things that they must learn first before getting into the application of their actual learning which is the trading itself. Success will come to you in training if you of course educate yourself first before doing anything because trading without prior knowledge is a total risk and a gamble of your money.

That was suicide. People who have that thinking are just simply throwing their money in the tin air. Because even though you are not good at TA but we also have our common instinct and that seems important.
I can't tell that these people are investors, the ignorance drives them to loose ends and they can't blame themselves either because that's their fault. If they were a true investor, they will also know what is the best thing to do.

Sometimes the news have more effect on the market than anything. It’s good that we know technical analysis but I have seen times that experts we do technical analysis to predict the future of the market and then there will some news of an event that will affect the market and cause it to move the opposite direction.

If you decide that you want to be a trader, then you have to understand the market; you should be aware of everything that’s happening and how they can affect the market, and you should also be good at technical analysis. Anything you want to do, make sure you are good at it.

Learning about trading is something that must be done before making real trades, it aims to minimize losses.
But if you do real trading without knowledge, then it is the same as burning your money, the experience you get must be with the knowledge you have, if without knowledge the experience will be in vain,
because professional traders can get better day by day because they have the knowledge, if they don't have the knowledge it will be difficult for them to correct mistakes that have been made.

Wow, you disseminated an extremely reasonable thing. Equitable to which it is understood how to perform it for investment is favorable! Many people besides me may have reimbursed attention to your post. Thank you very much:-*

Trading without technical knowledge is worst, you'll never get any profit in it, I'm sure with that. Without technical analyst, what will you do before you make an entry? Following other trader? It can be worst as well.

So, technical analyst for trader is not an advantage but it is an important thing that must have. With technical analyst you will know when you have to stay with your entry and cut loss when you know there is something bad that will happen.

All I am saying is about the experience.

It's all up to the beginner how he'll grow himself in the long run. There is the process that he can go and at first listen to any trader which he think has good insights about the market.

I don't see any difference about importance and advantage in having technical analysis. As I've said, if you are good at it then you have the advantage than other traders.

To hope that you will be lucky in trading, provided that you have no experience in this business - this is simply stupid. Even if the first few days you will have positive results in trading, it will be only because the market for this particular currency pair is going up, as soon as the direction of the market movement changes, you will lose your income and start to go into the red.

As an investor never you afraid of losing profit in your investment. Most professional trader They always observe the period of the market before carry out their trading activities to make sure good reward come out from the business. Market is a place where different coins are trade with different customers to purchase any coin of their choice.
It is a good thing for every investors to know how to identify fake coin in the market. Many has been scammed by scammer who brought fake project to scam trader who don't know how to differentiate Between fake project and real project.

Such feeling is just to deceive oneself because as you said, if the market do a turn around of trend, it will definitely expose the lack of training and experience by the trader. So, trading shouldn't be seen as something depending on luck. Luck don't work to have steady profit.

A precisely statement mate, trading don't be depend on luck it was a pure knowledge of what you have doing, a strong background of information that you learn from your own study about basic knowledge re trading and most especially the lesson that you learned from your previous trading will solidify the things that you must need in your next attempt in trading. We can't predict what will gonna be the next trend of crypto, turning around of the market trend will reveal to you how deep your learning about crypto is, so better be knowledgeable than depend on luck.

What you want to explain is very important to the trader or investor. One thing to keep in mind is that technical analysis alone cannot make a crypto trader successful.
Technical analysis is also very much needed, but traders need to learn a lot more before jumping on the technical analysis from Ananya. This trader should be stronger with basic analysis. Only then can they be able. An investor should be sure about the currency he is going to trade. The currency should be invested only with the current news .

If we will always fall in fomo or fud, there is always a chance for us to lose in trading. Technical analysis is somehow good to be learned in market. There are different approaches that we should incorporate to out strategy so that we can become more effective and efficient. However, as a newbie we cannot grasp this easily as we will see different results based on the data that we gain. But as long as we experience a lot in trading. It will become easy for us to know what we will do when we encounter the chart or the movement that the coin did for the past hours/day.

Even if you decide to invest the bots are not very convenient using bots does not understand the exact signals of the market and investors suffer a lot. Good advice for investors is to plan before investing it is not possible to move forward without planning. Planning for any job gives the right direction and the market is easy to analyze and make decisions.

I've lost good amount of money due to panic in the past too, but technical and fundamental analysis is still very important cus the knowledge of this two can help us avoid panic, and it can also teach us to be patient. If you have good technical and fundamental knowledge of reading charts, it will tell you when to buy and when to sell, even if the price of the coin or token starts going down after you buy, through the chart, you can know if you need to be patient (as the downturn is just temporary) or sell to avoid further loss.

This initial profit makes some people feel like they have become real traders and have all the knowledge in the world they need to proceed. A good trader must always make sure that he is not only making profits but learning the process as well.

I can understand that bot might help do arbitrage trading or that kind of stuff but really there is no way bots can help you understand when you want to buy a particular coin and when to sell it. I mean that is the biggest problem with trading and I haven't used many bots so I think they only help you with speed and don't make errors but you have to be the one who decides when to sell and buy though.

There are no sweet memories when it comes to trading but most of it are disappointments, losses, failure, and etc...but we all not take this for granted instead, it makes us the inspiration to make our trade better. I love seeing individuals who still stand their feet despites of such losses and disappointment. But for those who got easily mad and leave out trading are those who can afford to take the risk and manage to change their strategies and behavior which is likely not meant for a trader.

Good analysis on technical aspects can actually make you successful because once you start to learn how the project works and what are the scaling options like will the coin survive in the long run and dos the mechanism of the coin good enough to sustain the value of the coin and a lot more factor are there as I am still learning.

Who is Ananya? I haven't heard about any trader with that name so maybe you want to share some details about it? And I don't agree on "currency should be invested only with the current news" because there is so much fake and paid news being going on now it is hard to trust any of them.

Here are some advice to all investors to become successful
:
1) Quality: It is a good thing to make quality project to enable you to get good demand in the market that will help you to make a good profit.

2)Personal research:  It will be a good thing to all trader if only they can do some personal research before supply to market.it will help if only they can observe what they got from their research.

3)Experience : Experience is another good advice to all investors not to fall victim to scam like what others did in the past that make them lose so much money from their business.

Perhaps, we all know that nobody's perfect here by doing trade in every exchange site platform.
That is why as an individual traders in crpytocurrency knowledge is very important here because without this thing
for sure the word successful won't happen. But if you have knowledge earnings will follows for sure.

Bots might be good to help you in trading but you need to have some close check on it. Something might go wrong because bots too do have some fault that will make them do negative orders.

Backtesting is the most important function for a trading bot. This is a required feature if you want to check a new strategy by simulating its outcome using past data obtained from tracking markets. A backtest usually takes into account market fees, latency, and other factors that have a direct impact on transactions. But I never used trading bots, I just read a lot about them):)

I believe everyone and anyone that wants to start trading should first understand the risk involved. It is not a get rich quick scheme. To be a successful trader requires a fair deal of experience. Experience you gathered yourself or from others. Even with the experience and skill, the likelihood of losing your money is not completely eliminated. To trade, you must be ready to make losses, you must be strong enough as well to pick yourself up after the losses and brace up for profits ahead. This is trading.

And all the unnecessary things you can avoid by doing Research Research Research. You must chose good coins to trade and your strategy will be productive. If you want to trade, learn to trade properly. Only a experienced trader know how to deal with risk, how to overcome this high volatile market and actualize appropriate procedure.

Research is most important before trading but I think have the way what is most important than research like trading with new coin wanna list on big exchange like Binance and Huobi, both exchange give very bigger impact to make coin price touch to higher. Another way how to get profit when trading is always update information about coin wanna trade like will be burn their supply and exactly you can take much profit, check what happen with TWT coin after burning could be pump from 0.032$ become fantastic price up above $0.14 and many people get much profit, but never hold long term after get your profit because not coin have stable price with keep on higher, have moment for many coin back to lower price after many investors sell coin together.

Trading won't actually work perfectly at first, therefore, we can't expect that making such a thing will give you an instant return. I suggest to stop hallucinating yourself with that quick-rich scheme coz it is really different from the actual scenario.

The other thing is that, don't underestimate the market, risk had to face hard but if that is manageable for you, then you will see yourself ready for any results that will happen later. It is very important to know our capabilities, putting our money into a thing that we've never know yet, it is just like a suicide.

As they say, there is no easy way to become successful.

Anyway, I don't see the relevance of this post. The title says he has advice but you didn't give anything to help the members here.

If you want to help, give some tips based on your experience. Even if it doesn't help to be successful, atleast we will know how to learn from what you shared.

Yes if anyone wants to trade first need hard try for learning about altcoin. If you have gold you can invest in some altcoin but if you think it is high risky only you buy bitcoin and hold for some time. I hope after three months you get back double money.

I might not open a secret if I tell you that many traders simply use the scheme “I buy when tokens are cheap to sell them when they are expensive”. It will not work for the cryptocurrencies, as you cannot ever predict the price of the token.Crypto trading is very complicated business.

Everybody knows these things you say but they are hard to be implemented. It is not enough to know them, we will also need to implement them. For that, we need to lose some amount and experience it.

Don't worry when have not clue and technical when trading because you can waiting for after bitcoin really drop to lower price, you have chance to get coin after drop price and waiting bad news for buying. Change your mind and looks different from the other because many trader buy after getting good news and selling when have bad news, You just do except them always buy when have bad news with new coin and always selling after have good news. Will give way how to get much profit later if you keep doing this way when trade and never brave yoru self for buying when coin have touch higher price.

Being an investor is also hard. You must have a steely patience. The shorter your time horizon, the more you’re speculating and the less you’re investing)) My advice is to constantly learn something new about cryptocurrencies. This is the only way to achieve success 8)

First of all, we have to separate investment and trading investing means owning an asset and holding it for a reasonable amount of time. In this case, you have to be aware of what you are owning that is why the fundamentals have to be analyzed. Also invest in a slow-moving mindset to avoid greed fear and speed the biggest weakness of new investors is probably the mentality of making big profits in the fastest time. Seeing the market is very volatile you have to start with small capital.

In trading it is important to learn those technical analysis and this will guide on your trading journey. The term hold is not applicablle to all coins so an investor should know also the risks when trading coins. That's true trading hard specially without knowledge on it. The more you are determined and willing to learn a success will have coming your way.

Freelancers Website Should accept Cryptocurrency

I strongly advocate reputed freelance marketplaces like fiverr.com (http://fiverr.com) freelancer.com (http://freelancer.com) upwork.com (http://upwork.com) needrr.com (http://needrr.com) should start accepting BTC.
It is more appropriate for them to promote crypto just like they promote freelancers.

Investors for BTC will be more benefitted if currency is widely used specially in online marketplaces.

Good for every investors to have a facilitator who will help them to achieve their goal. Many people think they can do it allow  without any body support or advise on how to trade to make a good profit.
Many who try to invest without facilitator beside them loss all their coins at the end of the trade. It will be your benefit if you allow them to teach you how to trade and get a good reward from your trade.

It is true that to become successful traders you need to learn about technical trading. Otherwise we will fall victim to FOMO and FUD.
By mastering technical analysis we can read trading charts and can determine buying and selling prices. The better our technical analysis
skills, the more accurate predictions of price movements in the market that we make. I have studied technical analysis in crypto trading
since 2016, and I really mastered it in 2019. And from 2019 until now my trading portfolio is getting better when we can do technical
analysis well.

Better choice.

But it's not a good thing that you will attach some link with what you're saying and we have no idea what it is. Investors tend to invest and wait until the money comes into fruition.

While traders, work as much as they can daily or every other day, depending to their technique and I find it exhausting.