Bitcoin Forum

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:  (https://hackernoon.com/9-rules-of-crypto-trading-that-helped-one-trader-go-from-1k-to-46k-in-less-than-a-year-232689fe5f00)
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

Nice thread buddy, thanks for sharing some of your tips, trading is really hard especially if you are a beginner only, so you shouldn't try this if you don't have any knowledge about it. You should make some research first and acquire some useful skills before you try it. It doesn't mean that if you have skills in trading you can now win 100%, that is not like that having a 100% chance of winning in trading is really impossible because there are no people who can predict the movement of the graph.

Learning from your own mistake is really the virtue in trading, not because you have lost your money from it, you will quit, that is not the good thing to do, do not let the one lost of your life let the chance of earning money away from you. Losing is part of our life, we should not take it as negative but make it as motivation for the next trial.

Very informative thread, you have covered most common tips that everyone needs to inculcate themselves before starting to trade. There is another one that you can add to your list of tips. Start with Small

In my opinion that tip is the most important of all the others.

Yes, thank you for sharing your knowledge and experience. But these things have been conveyed by so many people and now I'm feeling that it doesn't work for newbies. I think we should give them a direction.
In my experience, successful traders often work in teams. Each will point out the mistake of the team and grow together. I used to trade alone and I was very lonely and even often suffered losses in depression. but when we met like-minded people, we formed a group of 6 people and from there traded very successfully. We open the office and work very professionally. So I think any one of us needs a team.

Thanks for all the well appreciation guys, it feels so great reading those replies, it seems like I created a good one :D

Thank you for your effort in making these tips but I think there are tons of tips here that already discussed you use the search bar engine of this forum.
Don't be greedy is the most important in trading because it makes you turn in the wrong direction in trading because you are thinking too much of profit instead of having perfect timing of executing in buy and sell.

Next is emotion, don't trade if you are in negative emotion. Sometimes people making the wrong decision and can't focus on trading because of negative side emotion. Because stop control lose is very difficult and it needs to clear up your mind from those negative emotions.

As I said above that there are tons of threads regarding good tips in trading and here is a good example.

• Tips to actually start earning from Trading & END LOSES (https://bitcointalk.org/index.php?topic=5141811.0)
• Crypto trading tips based on years of experience --- by Raja (https://bitcointalk.org/index.php?topic=3326310.0)

A painful thing to see is that people aren't learning their mistakes. That is a common failure of most traders. They keep blinded even though they know it is not working well. It is the emotion driving them to feel it. If we could correct this earlier, there is no doubt we can be reaching our goal.


I don't feel about greedy because all of us wanting more. Besides, that is the reason why we come into trading and why we are risking here because we want to gain more profit than usual things/jobs we do.

Wanting more but not with control and good fund management will continue to mislead you and make you lose. Taking risks when trading is already an option, but at least we must minimize the risk even if we can avoid it.
I know you want to take more profit, but there must still be limits that you must obey.

Unfortunately no tips will be helping you to become a good trader but only your experience. I mean if you are not capable of simultaneously doing both learning and trading then you cannot be a good trader forever. You may learn lot of tips and strategies but you may not follow all of them while trading. But you will follow what you learn from your own experience because only those things are usually learned by us full heartedly. Your experience must be the true tutor for making yourself grooming as a good trader.

Good trading and good trader are completely different things but all good traders are not making their trades good. It means you may face losses at any time but we can avoid such situations only when you are experienced enough. But, you must grow as a good trader for making good trades; it will be consistently possible when you are learning from your experience and not definitely from books/videos.

Information is very valuable and applying the right information is the most important thing as much as we know in trading. But most of the time we do the opposite and then we are worried about these mistakes. In order to trade crypto, one must consider the nature of Bitcoin, otherwise, he will be considered as a loser.

Day trading is the act of buying and selling a financial instrument within the same day or even multiple times over the course of a day. Taking advantage of small price moves can be a lucrative game. The first thing to note is yes, making a living on day trading is a perfectly viable career, but it's not necessarily easier or less work than a regular daytime job. The benefits are rather that you are your own boss, and can plan your work hours any way you want.

Well said but in reality, it is hard to implement.
 It is easy to say not to be greedy but some still find it hard to control greediness. So putting some target goal and limit will be the reason to manage greed.
 
 Also, trading is not an easy and quick money return like others thought. We tend to experience zigzag moments where we can be liquidated or be at profit. But those will be our guide to become an experienced and better trader.

I want to disagree with that, if you feel like that the tips are not helping you then that is an individual problem, it can work if you have the knowledge and patience to endure the hardships that you will face at the beginning of your trading journey. I think being greedy is a mindset by the person, if you want to find greediness then set a goal as small as possible.
I can agree that there is no quick returns when trading but there are lucky people that happen to invest in the right stock. We should not be clouded by glitters of the promised riches of trading but instead focus on our ambition and always remember that there is no nobility in being poor.

Tip #6 was pretty nice considering we are trading and investing on cryptocurrencies. Most trading tips actually miss such a fact even though we are discussing cryptos, even I miss it sometimes. Though tips are nice and helpful, the experience still is the best teaching material imo. Trading isn't all about winning, it's also about losing. It's like how you won the battle but lost the war kind of thing. If you keep winning cause of a foreign factor, you aren't really a trader and you've probably lost already as one by using some third party influence. Don't be afraid to lose, just be careful about what you can lose. It doesn't really matter what precautions you use when winning since winning is always a positive thing, but precautions about losing should always be noticed and should always be carefully thought of.

1. We should trade by our own signal. Some traders here are sharing like they do get signal from telegram or some other group. I guess they will never become a pro trader if they keep depending on others. When you start doing your own analysis then you will slowly becoming more responsible.

2. Having definite budget will always help. Your budget is directly linked to your profit and losses. But traders calculate only profits and rush into trading with big capital but end up in big losses. Keep increasing your capital along with your skill development and experience. Only high experienced traders need more capital and others should trader with least possible capital.

3. Do not be greedy and do not be panic at the same time. Trade always with stable mindset. Your calm and peaceful mindset will maximize your profits.

4. Making use of experience is more important for not repeating same mistakes. When we are good in avoiding mistakes then we can slowly become pro traders. If you are good in avoiding mistakes then you mean you are next to pro trader or pro trader over the time.

I think you forget to add about Learn about Trading because without learning about trading, you cannot know how to trade with the right. Then you can add the next tips in below of that ;D

I agree with all of your tips, and the tips are not just for a beginner, but it is for every people who want to trade, and they want to be a good trader. Number 2 and 3 is a must thing that we always remember because that will prevent us from getting a big loss in trading. So if you are a beginner, don't forget the tips, and you will be okay. With practice from the lesson, you will find your way to be a good trader, and you will have a chance to be a pro trader in the future.

I think it should be start with the amount you can afford to lose. It can be small or large. Depends on how much you are willing to risk. That way, you are not limiting yourself on the possibility of getting great results, instead you are giving yourself enough possibility to it. This way, It is much better. This perspective gives more chance for a newbie to succeed for the are not bounded by small amount, but with amount they wanted to.

very helpful tips, indeed for trading we cannot be carelessly, before that there are tips and knowledge for trading, I will discuss one of the Tips, that is "Pay attention to the bitcoin", indeed the direction of the price of Bitcoin in trading must be observed, if you altcoin trading, because if the price of Bitcoin experiences DUMP then altcoin will dump, that's what usually happens, so it's true observing Bitcoin is important

Technical analysis is always in these lists, without TA you are not going to be able to start trading properly, you are going to be able to learn from your mistakes and see where you did wrong and thats cool, but you can utilize those mistakes and those lessons properly without TA.

I am in no way or shape saying that TA is the way to make money, but this is more like "all thumbs are fingers but not all fingers are thumbs" situation. Like if you use TA you may still lose money, but you could make money, if you do not use TA you are probably not going to make money for sure (unless you get super lucky). Long term destroys all of this though, if you buy bitcoin to sell 5 years later, that doesn't affect neither TA nor no TA, just become a long term investor and let your mind be at ease.

With such a volatile market I don't think technical analysis will matter anymore in trading, we are moving in a complete dark room in trading. How many people in here believed in technical analysis of "expert" that has been come true til now? How many of us expected the price of bitcoin to skyrocket just before the halving? I don't think that TA matters anymore, I just don't.
What I can suggests now which style to secure your profit in the future is to hold, no more no less that way you can guarantee a profit in the future but make sure that you are not going to need your injected funds just in case the market is not ideal to pull out.

Your guides and tips are something that interest my opinion, but i am attracted to the key word "KEEP AN EYE ON BITCOIN"
Bitcoin must not be neglected for any reasons at all, be it for the short term or the long term, bitcoin being bullish long term makes it a worthwhile investment option.

Also recall, that most tokens are paired to bitcoin, a dip of 1% in bitcoin price, could lead to a dip of 10% in altcoins trade pairs.
Always do your own research, and trade to get profits always.

Here's three more that I think newb traders need to know.

1. Don't trade at any exchange that doesn't use cold storage, it's as simple as that.
2. Don't borrow money to trade, this is no different to gambling and you'll probably get rekt unless you're already an established trader.
3. Stay well away from margin trading or leveraged tokens if you are not already somewhat experienced as a trader.

I just want to talk about what should be avoided whereas all people here are talking about what should be followed:
The biggest thing must be avoided is, people who think they can come into bitcoin world and can get rich over night. They see that bitcoin moved from 4k to 10k in a month and they think "hey if I put my 10k life savings into this, I will have over 20k!! that is awesome!!" and buy from 10k and it drops to like 8k and they suddenly realize that is not how this works. That is probably the worst part of bitcoin world, people do not realize that they could potentially do something much better if they just focused on smaller income instead of getting rich right away.

Now some tip from my side:
Just aim at that 5% profit, first get that, do not think like "what do I do after the 5%", just think about that 5%, after that you can move from there because that first 5% profit will make you realize everything you need to realize.

Your emotion is another the important part when you are trading, I've often been trading and forget my strategy that end up in loss because I just depend on my appetency. I often to get profit but I want more than that but when its price decrease it mean it is just a retrace I sell it quickly. So I put the emotion is the important part to trade especially for myself, and I got a solution to avoid it. I spend a little money first to wonted every time I trade I must obedient in my strategy. It means every time I come to the market and every time I come out in the market I should look to my strategy first. And it was work, so as I wonted to do this thing until now.

There are some coins that aren't really affected by bitcoin. I think the tips you said really help but not really for all. To be safe, I think only trade BTC / USD pair

Not bad for giving a tips and reminders for all individual traders in the crypto business.
This will give a big help to everyone, all the states in the above mentioned was certainly correct.
Thanks, dude for this one, Good day to you.

Man your problem is you treat trading as a gambling, and I think you are doing day trading so when it dumps you are going to a quick sale. I highly suggest that you should start with long term trading so you can start controlling your emotion. And I think you are satisfied with a small win but when you loss, you are losing big amount of money. You are lacking on a discipline my friend. I think you should start with small money first if that's the case so, little by little you can have a progress on controlling your emotion when it regards to trading.

That's really true, only focus on using bitcoin and prioritize it as you engage in many transactions and as you manage to hold it. Sometimes it is really necessary for us to focus on what we are doing so that we prevent having difficulties manipulating our bitcoin and we prevent confusion within our assets. Altcoins are also beneficial but bitcoin can really give you huge amount of profits compared to altcoins. These tips are good but no.6 will really help you have views and know what you're goal in cryptocurrency. Never hesitate to manipulate bitcoin and engage in transactions if it is necessary, learn how to buy and sell in time so that you will not experience a hard time losing and prevent your self from huge losses.

Depending on the trade broker, the above discussions are really great Here are some tips to help you get started We will all benefit and seem more helpful to newcomers. Success is easy if you follow these steps and invest in Bitcoin. Adequate capital is required to trade and invest with a focus on currency fluctuations Analyze the market well and choose the correctness of the currencies.

Besides, capital will also affect our trade. The more we have, the more we can play with the trend. That is why I'd never encouraged people to trade to its minimum but rather to have some more. We can't be profitable with that $100, truly.

And one last thing we need to acquire and a must to practice is how to maintain calmness of mind. I know there are lots of factors that could help to become successful in trading and that was important to know how to manage ourselves in times of difficulties and crises. I have tested this.

There is a convection that I always keep in mind, I never risk 10% of my balance, the maximum risk under Stop Loss is 8%, but if I risk 8% I do a "Take Profit" at 24%, obviously I operate at medium or long term, that way I keep well the way to react to the market.

A newbie duty is to ask and research about the broker they are about to sign up to. So if you sign up to a high leverage broker, I don't think is the brokers fault and also many brokers these days have different accounts that you can choose from.
A newbie always fail because of inexperience.

This point is very important. New traders think that if the price of Bitcoin goes up, the price of altcoin will also go up, but the reality is different. When the bitcoin price is more volatile, everyone is more interested in trading bitcoin. As a result, everyone sell their altcoin and goes to trade bitcoin. Bitcoin trading is more profitable if you are a good trader. It is better to invest long term in coins than to trade Altcoin. And if you want to trade altcoin, you have to look at the bitcoin market first.

My best advice would be to never go all in whatever the cost is, I do not care if you are missing out on the biggest potential profit you could ever consider, I do not care if you are missing out on the greatest increase, I don't care if some small coin manages to beat bitcoin and become number one, never but NEVER put all your money into crypto all at once. That is the single most dangerous thing you could ever do.

Of course you can put your last amount to trading, that happens, just don't do it all at once and eventually you will be forced to, there is a big difference between having 10 thousand and putting all that 10 thousand versus having 10 thousand and putting your last 50 bucks, the second one could happen and that is how it should be even if you lose, but not the first way.

It is very important to collect the best quality of information for good trading. Before start trading, you should collect all the necessary information about trading. You should have knowledge of proper knowledge of how to use this information. You must learn about trading information and use it in time. With patient and knowledge, you can make good trading.

True! Another thing that a good trader should know is risk management. Manage the risk and make good decisions based on the information that you have collected and analyzed. Furthermore, don't ever have the fear-of-missing-out (FOMO). FOMO has much more consequences than its benefits. Don't be too greedy to avoid FOMO!

Very useful 6 tips for trading that are shared in the opening post, especially for newbies who do not understand the basic rules
from trading. For me, greed often makes me lose the opportunity to make a profit, so don't be greedy is a tip that I must always
remember.

I know and Believe that Trading is not  for all. For CryptoCurrency trading need Experience and Knowledge about Trading Market Chart, Volume, Buy Sell Order and also More.       

Be sure you fully understand trading before you venture into it, and most importantly trade with little amount for some time, I would also add try use a demo account to trade and be more familiar with trading terms before using real cash, it is very easy to lose money if not careful, only trade if you have the technical knowledge and experience.
In addition to everything don't be greedy.

I think people also need to understand that trading is not for everyone. If you study trading and still don’t understand what it’s all about, then I will advise you to just stay clear from it or you can still choose to give it a try and if after several efforts and it’s still not working, it’s best to consider something else in cryptocurrency than to continue losing your money.

Maybe after you have raised enough from the business you’re into to the extent you feel like you can throw some away, you can then get back into trading and do your best with those money you are afford to lose. Still, if you achieve such a state in your life, it would be much better to precalculate your risks and then trade cryptos accordingly because this way you can avoid unexpected risks which will cause huge losses.

I have recommendation and good way how to be success for trading bitcoin or altcoin, we can't trust always with chart because bitcoin have bigger player some time could make price down without get bad news, you must access to this site https://coinmarketcal.com/en/ and checking there which one coin will get new update day by day like upgrade system and mainnet time, buy coin have new update mainnet because get impact to higher price.

Where does one start. I know nothing about trading

To become a professional trader, You need to learn about quality trading. You need to collect all information about trading and apply them to your demo trading. Select a trading strategy and learn it very carefully. Information is an important element for a good trade. So you should learn how to use the right information at the right time. Make himself patient and follow the market trend and also all-important news about trade-related. In this way, you gradually make yourself for a good trade.

Not only risk but also trade what we can afford to lose,since trading in this platform is too much risk so the more we risk is the more we lose.

better to allocate the amount that you need no more,so in the time of losing there will no regret.

This is the most and perfect advice mate,Greed is all our main concern and we have been losing too much because of this.

Common knowledge is this one the only problem is the people who is not doing such instead allowing themselves to lose and lose constantly.



But this is also the most risky compared to anything that offers us profit in this market.

Critical!!! New traders should refer to these advice. It's really helpful. However, the most important thing is that you have to have fundamental understanding about the market before joining in. Don't join a market where you know nothing about. You'll be a naive sheep for scammers.

Hi. Thanks for sharing! This is very important and useful not only for beginners but also for experienced ones. The main thing is that these tips are applied correctly. Of course, everyone learns from their mistakes, but using someone else's experience also helps. Losing can be a good lesson for future winnings.

This limiting your budget is one very important thing that some people, especially the newbies do miss it. The amount you're using to buy Bitcoin is something you should really put into consideration, you don't just use your whole money in hope that you're going to make double of that because you're not sure what will happen next, you can lose some money in the process.

So, it's good to always calculate the amount of money you put in there and not to be greedy when you're not even sure where the market will be going next. It is always good be calculative when we are entering or when holding in this crypto space. Keeping stop-loss and exiting when the trend chances also will save us from possible big frustrations.

You should combine the point 1 and 2 then people will easily realize about the things, take risk with the money which is okay for you to lose, if you win then you can be happy but if you lose you have to lead your life but when someone wants to make trading as their career then they should learn basic things about crypto trading like technical indicators, analyzing the market from different views.

Thanks for this information. This will be helpful for those newbies out there that are not yet familiar with trading but they are willing to try. I just want to add something. You can also add this: Research and learn different trading strategies. There are a lot of different strategies that you can learn and find online. There are YouTube videos that will teach you how to properly make a move when it comes to trading cryptocurrencies.

overcoming losses is not possible because its not also possible to win all the time on here   . if winning is easy then there will be no crypto trading business  because platforms are gonna get bankrupt  .  why take advice from different people ? why not take advice from the best of the best people  , that will still be the same   .  also dont forget to put some of your efforts too , not only by someone else because that looks bad  . its the same as your relying only to someone else  

Learning about trading will also help traders to gain more info so he can analyze the market. There will be some time to be a successful trader because we need to learn more and more, and we have self-control in trading so we can prevent greediness that can come to us. We can close the trade at the right time so we can make a profit.

Greed people do nothing care about this because all they want is to profit and blame everyone if they lose everything.

we can just give them advice,we can also let them learn about something but we cannot push them doing what we wanted because the most important thing for them is to make money at all cost.


We cannot forced anyone to follow what we are saying even how good is this,because we have all different perspective and different beliefs in life.

Trading is a perfectly viable career, but it's not necessarily easier or less work than a regular daytime job. The benefits are rather that you are your own boss, and can plan your work hours any way you want. I have been trading since nearly a decade and could find that some traders consider longer-term trading as more profitable.

Good tips. I think it's mostly the top altcoins that are pegged to Bitcoin, like the Ethereum, Bitcoin Cash, Stellar, Litecoin and others that are on the top list. There might be others I don't know, but most of the altcoins I see that are not on the top list usually have a price chart that doesn't correlate with Bitcoin. And paying attention to Bitcoin is very important. I don't really give my attention altcoins, and I also don't invest in much, except a few altcoins and it has been working for me.

It's good to always read the chart before investing so that you don't end up investing when the price is at its peak. If you invest at the peak, the price will drop and you lose your money.

Chart reading is indeed a major benchmark in the science of trading analysis. if only trading or investing based on fundamentals and opportunities that are owned, it is not enough, it needs analysis to read charts or graphs that will occur. Most people who trade for the first time or are beginners, are always stuck with high prices when they are at the peak and sell when prices begin to decline or dump, because they are not mentally strong because they do not know the pattern. Eventually the money made for trading or investment is lost.

I wouldn't suggest any "trading demo" applications or other stuffs. When you trade on those demo platforms, you know you aren't risking anything. Hence, you "aren't scared" to lose your money (since those coins that you will be trading aren't real coins). You won't be getting the real experience of trading.
I always suggest people to start with small amount of capital and experiment different ways. They will make mistakes and they can learn from those mistakes they make. They will always think twice before trading anything since they will be risking real money.

Nice to make tips so the newbies on trading can easily be guided and I'm a trader too but not too much popular and skilled trader, unlike the other players.  In trading, we must need to be conditioned on our self, not just the mind only if you just use your mind only you are just thinking about the earning of profit and just buying a lot of coins when the market drop and this is not only limited by they because there is a chance you make a mistake instead of down trend it is going to uptrend it is just a particular mistake in trading. Also, you need to emotionally snd mentally stable on your self some of the traders are getting into a FOMO and some of the traders getting greed and wait for a long time again to get more money and income. I suggest that once you already have profit and you think it is already enough to take out your position because you already gained profit there is a chance that you will lose your profit.

And that has even more profound implications

In fact, you should be trading for real in the same way you trade using a demo account. Put differently, if you are scared by the price action, scared of ups and downs in the market, you are probably doing something wrong and basically setting yourself up for failure since in this state you won't be able to make rational decisions when you are forced to. You will be overwhelmed by emotion (in this case, fear) which will lead to losses. And while we are at it, the same is equally applicable to the opposite emotion, which is greed in trading

thank you friend, these tips are really useful for newcomers. But for those who know nothing about trading, There is no need for them to come to trading market. Every side has its pros and cons just like this trading and there are some good and bad aspects. We need to know about them like if you successfull in trading then you are good at this side. If you don't know about and trading, Then i think it's bad for you. But not bad for everyone ,not bad for those who know trading. just bad for those who don't know.

Trading demo apps is a good first step upon learning the very basic trading, but everything will become different when you're already engaged in the real trading platform. Another tip when starting to trade is, never be afraid to lose money and trade what you can afford to lose as well.
Mistakes are always inevitable. Just like what I always been saying, experience will help you learn in the long run.

If all people were thinking like you and tried only the things they know well in theory we wouldn't have any accidents, money losses, the world would be a calm and boring place.  :D

You learn the fastest by doing. People should trade even if they know nothing about it just remember to start with very small money. You can project your income trading with 1/100 of your money.

You have mentioned every facts very rightly, and i want to talk more on is learning more from your mistake.
When it comes to trading, most of individuals feel as though the market just moved against them which led to the loss; as a trader we need to figure out to always point out errors from within without pushing blames to the market, network browser or other phenomenon

We make every decision and if there is a mistake, that is what you need to fix for the next transaction. I think any investor has experienced this hard time since joining, but ten traders are certainly only one successful trader in this market. This is not a place you can easily analyze because every market movement will greatly affect your profits.

I don't agree with you! Investing and trading in the cryptocurrency market is quite risky! I agree that we learn faster when we practice, however, don't jump to a market with zero knowledge! You definitely gonna lose your capital no matter what! Don't go too fast, don't be rush, don't be greedy! Emotional decisions lead to negative results and traders should know that!

There are a lot of things that we need to know in trading, first of all, we should always keep in mind those advantages and disadvantages when we trade. You just need to learn every detail and information about trading and you should perform it so that you will know how trading works.
By that, it will make you come up with some strategies that will help you to become more effective in trading.

In order to have a good trading, you should learn how to accept mistakes and losses. In every mistakes, there is a lesson that you need to know and improve about yourself. Improving yourself every time you trade is the key to have a good and effective transactions in trading.

My tip would be to work with simple and straight forward approach, it’s very helpful with FreshForex broker. As they provide all the benefits one could ask from tidy spreads to fast execution of trades and much more. I feel highly comfortable with them and one of the reason for me for able to make consistent profits.

I agree with you. Before entering this market, you should be prepared with knowledge and psychology because when you actually buy with your own investment, you will definitely have a different feeling. This is not an easy market for you to make a profit, but if you know how to overcome the initial time, the next trading, you will have a lot of experience making profits from this market.

Very good tricks for traders here. I think this will help new and old traders to implement their trading strategy here. Maximum time we do mistake that we start trading by influence of others that should not actually. We must have to learn more and more that targeted tokens so that we may gainer.

thanks.

COnsistent profits from trading is one of the biggest lie, if you not aware of them please understand it.No one in this world is making consistent profits by trading any assets which includes cryptos as well because if they are saying the truth then they will become more rich than Warren Buffet who I one of the richest people in the world, even he is making at average of 15% every year.

These are indeed nice tips to guide everyone through a profitable trading adventure, however it is far harder than it seems because onces you are trading, alot of things have to come in play because even the slightest factors you didn't foresee can affect the price of a coin leading either dump or price increase but most of the times, it often leads to dump and this is the fact that everyone needs to understand perfectly before trading

Yeah, I agree with you but I think OP meant about consistent is gaining a profit only when he saw the market is ready to make some gain. But of course, this one will require more time and effort to actually follow since the market is always moving with its fluctuations. There's no way someone would gain a consistent profit in trading especially if you are trading everyday.

All the tips you mentioned in the opening post, are the basic rules in trading and indeed must be followed if you want to become
a successful trader. But not all traders run these tips well, so there are still many traders who experience large losses. I just added
a few tips to become a good trader, like always using stop-loss to manage our capital so it doesn't run out. And also my other tips
are always doing technical and fundamental analysis before deciding to buy or sell coins.

Trading is not a pure gambling, because we can predict some ratio and fix the rate of further possibilities. So gambling is totally differ from the Trading, I think both are investment, but profit is unpredictable in crypto platform. But my tips for trading is choose the most reliable coin and fix the ratio of each investment and mainly we focus more than 2 coins in trading platform.

I don't agree with you. Trading is not the same as gambling if you have skills to analyze the market moves, and if you can control yourself in taking the profit, you are not gambling with your money, but you have the opportunity to make a profit. Many people trade in one or two coins, but the problem is they don't know how much profit they want to get, so that makes them greedy, and the chance to make a profit will be gone.

Before trading should have a comfortable mind and not to think about other things, I usually read or watch some entertainment articles before trading because it makes me feel comfortable. When I start trading, I always choose the price to buy and sell at a good price. Of course, it's not always so easy because the crypto market is very volatile.

I am for limited budget, its how you save yourself from big loses, its how you can avoid getting busted with bad trades. It's a good start, you limit yourself with some amount you can afford to lose and you start your trading journey. With time and practice you learn more about different options, what is good to do and what's not so good to do, which coins are good for trading, the range of fluctuations, which things can affect price to rise or drop, and after a lot of practice and learning you can become successful trader.

small budget make you small money if the market move in your favour and lose small if it get against you. I did not see much difference than emotional control. In trading you will only succeed if you trading without following the fomo.

I know if you pay attention to every details of your trading before making it a real trade it will minimize your risk and make it not a totally gambling anymore. If someone will trade without any proof of winning or any possibility of making it a right trade, I think it will consider as a gambling. Limit the budget of trading and also limit the amount that will possibility of losing. Don't try to get back the amount that you lose, maybe you will get it in the next day. Lastly, continue to learn every single day and another way to make a good trade. In this, you will be a great trader someday.

Its something to be considered as an investment, not as trading because they trade only for profits which take time and long time to make good profits which will not come under the regular trading activities and for that we don't need any other services we can simply make profits on our own if we have patience.

Trading is something deserves only few and not all of us will become the good trader in this field .

i remember 2 out of 10 friends try to trade are now still trading but the 8 quits already,and now stays Holder so they don't need to risk everytime.

So remember that trading is truly profitable but we are not all can make money in this.

These 4 and 2 more from google or somewhere else is enough for me to be good at trading? I just wonder how effective on teaching people about do's and don'ts on trading; because basically I never learned anything from anyone's piece of advises but all from my own experience and interests. I mean we are able to easily get tips on trading but most of them are not at all impacting on our trading for no reasons (Just talking with respect to what I am doing in trading regardless of what kind of dips I am coming across).

I agree different traders are having different approaches and the tips they are getting from Internet will be enough for getting them profits then I believe there would be more number of highly profitable traders by this time but people are sharing different stories.

I mean no tips will be effective unless otherwise traders learn them by heart. When they just come across those tips then they will definitely forget them while trading.

following Fomo is also important, because you can benefit quickly, but remember it is indeed risky,
if indeed Fomo comes when the chart supports, then no problem

Everything you say is true, and I agree with you. For me, the best advice that enables a person to become a professional trader is to always stay away from emotions and focus only on the mind, in addition to stay away from believing everything that is published on the Internet because this news can be false and the only rumors we should not be greedy, because Greed always exposes us to losses, and the most important thing is to get away from this field if we don't even have a little experience inside it.

My best advice would be to check the yearly prices. If you check yearly prices (not just for bitcoin but for all coins) you will see how much the price was on average and where it went down and, you would know the peaks and you will know the bottoms. After you get those wait for a bottom, it doesn't have to be deep bottom where it would reach very rarely, but just check if its low compared to rest of the year, for example under $6.5k would be the key this year, use that for the following years.

Buy it when it reaches those levels and check the news, maybe you should not buy it because something horrible happened, but if its not a huge deal with the coin, you can still buy. Wait for it to go up to a good level and you would be able to sell it for a good amount of profit thanks to this. Takes months but still works.

Small budget make you small money, and many people don't have patience to make small money for months, and to build a lot from scratch. Usually people get carried away with some easy but profitable trades and that they can do it like that every day, but the market make unplanned turn and ruin all their hopes.
Follow fomo and do the opposite is like any other strategy, it will work for some time, and sometimes it will trick you! Nobody wins all the time, have that in mind, you need to play it smart if you wish to be successful in long run.

I never get any coin on what price I was hoping to buy, its always some up or down in price when i am trading.
What I always do is make some charts and study the trend and make that on those charts and then I speculate what is the next move of the market and make my strategy according to that and also browse some tweets by analysts that I follow on twitter, sometimes I am proven wrong but in the long run I have made decent amount of profits from trading.

Focus from how you understand the point when you investing to any projects, your own understanding will enable the chance of success while
working around this market.

Greed will only lead you to lose instead of benefiting from the business, always take time to study clearly before you decide anything in terms of investment.

Very important and also not important, depending on where we are at the time. If you know a few FOMO coins will certainly provide many benefits quickly, but we also have to do everything quickly.

Mental control when joining FOMO is also important, don't be too greedy to get a lot of profits in a fast time. Being greedy will only hurt you. Don't join FOMO if you are not ready.

Good tips sir, that is really helpful of newbie for start trading in cryptocurrency.
One more tips for me, don't afraid to lose your money because when you fail you got experience to do better, so let's get started.

It all matters on how we do mix things up because market is too unpredictable thats why we do seek of on different strategies
neither you do stick out with news or would stick out with technicals or might doing both.It depends and as long you do see
it as an effective way or does profit you out then you will surely normally stick on.

There are benefits and there are indeed risk most of the time when we are already on the FOMO side. Our emotions will be the primary enemy yet you would surely bet
get greedy most of the time. Always set target profits and never ask for more or go beyond that because it will just result that the price dump will surely caught
you anytime soon. These are rare chances and always presume out that when theres sudden spike then it would really be always followed by correction.

Being greedy will make you in trouble and getting into FOMO without much knowledge about the coin you are running into will make the situation even worser. Just trade with a minimal risk and invest only with a small amount especially if you are still a newbie in trading. Trading does not guarantee good profits most of the time, so better prepare in times of losses.

I want to add 1 more tip which I believe really really good for me: Dont look at the chart/price/exchange 24/7.

The more you look, the more stress you are. Moreover, if you look at the screen too much, your mental and physical health can easily be harmed, which causes you to make the wrong decision most of the time. Try to SET & FORGET, open your charts for about 1-2 hours a day. \

Meditation is also good for trading which helps you to decrease your stress and heal your mind.

There are still many who experience losses when trading, even losses that can be experienced repeatedly. That's because it lacks
skills and also knowledge of trading. Do all the tips in the opening post, then there will be changes from the trading results that
we do. In my opinion all the tips in the opening post must be done if you want the results to be a successful trader.

So what? You have to pay to learn something, am I wrong? You pay for school, you pay to get a drivers license, you pay for your mistakes.

The only way to really learn trading is to pay just a little. Take 1% of your mnoney and start trading withot leverage and you'll learn much more than you would by reading comments and forum posts.

Nobody is saying you have to make emotional decisions or go all in.

The main tips for trading
1. Follow many telegram groups.
2. Read the daily updates of market.
3. Fix the trade limit and gain limit.
4. Must active on trading duration.
Many peoples are follow the numbers ways so we can learn all the ways all the suggestion of trading platform.

Train mentally and must be more main and basic understanding of trading so that we are not stuck in the wrong position. as we know that indeed now there are so many signals or fomos that often occur, for a trader must be able to take a stand related to this in order to avoid being caught in hype. because usually it will be the first mistake

Became a rare opportunity but with a big risk if not quick in making decisions. The higher price hikes will end with a massive correction or dump.

Even I have also been trapped in a situation like this. and the result is that the value of my FOMO coins has decreased and eventually does not return to the price at the time the FOMO occurred.

Always set targets that are very important and should not be violated.

Everything you mentioned is correct, the one you said who caught my attention was to limit your budget. Allocate amount of your money to invest in trading for you to avoid bankruptcy.Expand your knowledge about trading, do your research on how to grow.Don't expect big profits right away, it takes time and be patient.

All altcoins are pegged with Bitcoin, but it’s not all of them that correlates with bitcoin markets. There are some altcoins that moves a completely different direction from Bitcoin. One example is this coin that is called the Compound Coin, it has 0% price correlation with Bitcoin, unlike Dogecoin, XRP, BSV and the rest of them are following Bitcoin tightly on every move. So, anyone that’s trading should have that in mind and try to understand the coins they are trading better.

Secondly, greed is something that should be avoided from every trader's book. It’s very important, because when you don’t, you’re probably going to be mislead yourself into making the wrong move due to your want for more.

Without skills and knowledge you cannot earn anything from trading and even you manage to make some profits, skills and knowledge are always the most important factors for consistent profit making from trading. Thanks a lots of this topic and I am sure you might have helped many people here on realizing what is missing in their trading.

Investment always takes time to wait and certainly should have a reasonable investment strategy to minimize the risk when investing.

Personally, I always have more than two plans before trading any coin because if the market is not favorable then I will have a way to ensure my profit. However, this market is unpredictable, and you should be more careful when deciding.

Actually agree with this statement.

People said that you shouldn't jump into trading if you have zero knowledge and experience, but how do you get that if you guys keep resisting to jump into trading for just little amount of money? That's really dumb actually. Looking at only post forums are really useless if you don't use that in your cases.

Realization on the actual situation or things he had been dealing with would really be the key plus having that non greedy acts will surely be the ones who would really help you out on sustaining this market.

Whenever you do able to control up these factors then you wouldnt be finding on hardship on controling something specially on trading.Good trades arent something that easy to attain.

Enough experience and skills would be the key and the rest would be on your emotion and independent decision making.

You have pointed out some important factors that I always try to maintain. Personally, I do not expect much profit in a short time or in a single trade. If I do mistake, I learn a lot from this mistake. I do not sell when price drops if it is a potential coin. Price of other coin depend on bitcoin and I always try to follow and analyze the price of bitcoin.

These are all the right practices that I enjoyed while learning trading for the very first time. The problem what most of the newbie face is that they become very confident after just a few paper trades that went well and according to their plan and they start to trade with real money right off. But the thing is that they tend to loose a lot of money after this process.
They should atleast make 100's of paper trades and mark the entry price and target price right off the bat and if they loose then should understand what went wrong in the trade and try to rectify that loose end in next trades and then only start with a demo account with fake money in it, if successful then only enter in real trades.

Your one of the few that I know to have considered trading to be very easy. I suppose you must have have very successful at it and your day trading strategy suits you just fine! Well, that's you but if you ask me, I won't agree that much. Trading is one of the most difficult field on the cryptosphere and its actually one of the most profitable. The market is so tricky that, there are a lot of constraints to make you want to look the other way, even with an analysis that tends to agree or comes with the bases for a decision.

I'll like go know what you mean by paper trading. I've got my own interpretation in my head but, it would be nice to know if they agree.

That's what really it should be. You don't sell when you're at a loss especially if you have done the research for that coin and you know the true potential of it.

Many investors tend to sell because they are in panic attacks but that's no good in trading or even in investing. They should have a plan on how long they want to hold it for their own good.

Having this attitude is teaching us to be patient which can be applied not only in trading but also improves us in real life.

Besides checking the ticker, you also need to check its smart contract. In some cases, there are some coins that have the same tickers but they have different smart contracts. But these cases mostly happen in new crypto coins. Ex: when you check Coinmarketcap or CoinGecko, you see a crypto coin is increasing its price significantly. Then, you plan to buy that coin for trading on an exchange or arbitrage. Don't forget to check its smart contract. Make sure you don't choose the wrong coin. Sure, it is a very basic way for professional traders, but unprofessional traders may do this mistake because of not being careful.

They should have target both with positive and negative outcome, without proper research panic is really inevitable inside this market,

lots of time you will suffer from losing your investment if you will follow the downtrend. When fear conquers you, it means that the next thing

will happen is to let go even you are on a losing side. Best to set your plans ahead of time and be ready to adjust if it's needed.

This will relate to the amount that we can afford to lose because many people are ready to earn the money from the profits but they are not ready to lose their money. That is why we must be always realized that trading is risky and we may lose our money. So, limit your budget only to the amount that we can afford to lose.
Other tips are very clear enough and at least those are very important to do by beginners especially. If they are old traders, they may have their own ways on trading.

True, there are some fake smart contracts and tokens that are tradable in some exchanges, moreover the CEX.ANd when they are going to move the tokens to other exchanges, it has different mart contracts and they got the fake one. This should be more careful again to see and anlyze the right token

These two are one the basic strategies that we need to follow.We all know that every business (trading and investing) has its own risk.Sometimes we win,sometimes we lose. But if we know how to control our money,we can also minimize our risk of making huge losses.

This is one of the best important thing that we need to know.Dont get so frustrated whenever you made big losses.It is a part of a business.

 Each of us can made a mistake but we should learn from it . Mistakes can teach us to be better in the future

Being versatile and having that good control towards your emotions would be always the key because you couldnt able to handle up yourself on this unpredictable market.You would be experiencing
lots of trial and error before you could able to have a good grasp on this market.
You are the ones who do able to witness and learn for yourself on how this market works and how you do able to handle it when you decided to make out some trades.
It wont be easy and you couldnt able to acquire these skills for a very short time.

Trial and error in your first 100 trades, if you focus with that you'll be able to materialize good trading practices that will let you have good winning chances, never to quickly judge according to how you think the market will proceed, there are many sideways this volatile nature of this industry will keep you lose your money if you just quickly judge your entry and exit position.

Make a good use of all those information that you'll be able to gather online, practice and never stop trying to enhance
your strategy, it will help to increase your confidence.

There is also demo trading places as well that could help you with this method as well. It is not like real trading because psychology of fake money and real money is different, but it is still a middleground. Sure learn it by reading and watching and studying basically get ready for it for a while, but then instead of jumping right into trading and start paying for it right away, just do demo trading and test your understanding of the market. That way you could start real trading with a bit more understanding, you could still lose money while trading but at the very least you would be slightly more ready in that case and could make a bit more profit.

Frustration is part of investing and trading but it only comes temporarily. Someone who has lose a lot will have this feeling and I've been there and also those who have sold earlier. By doing that mistake, it's a lesson that we have to come up with. That's the pay that we learn from that lesson with those mistakes that we did. It's also like an investment that we can consider because in the future, while others are committing those mistakes that we've done in the past. We're done there and we're up into another challenges that we haven't experienced yet.

Just like now.

Bitcoin plummeted to $40k and many would be in panic again. The fear is real when the price of bitcoin goes down as it is covering the whole market for its share.

While the others have nothing to do whenever this happens and remains calm as they hold. The other traders are now picking up those cheap coins that they've waited to drop.

This is one of the worst kind of emotion that I have seen for some traders. They still keep on spending their money eventhough they already have made big losses.Hoping that they can make a good amount and get their money back.

A professional trader never act like this because they know how to control their emotions.They know how to cut their losses when having a bad trade.

It makes more sense for traders to practice an accumulation strategy when a price correction occurs. I can safely say that it is safe to collect bitcoins during a correction because from experience it will be very profitable as the recovery progresses.

Accumulation can also be done on some potential altcoins but somehow I think the recovery will take longer compared to bitcoin. The accumulation strategy is not a form of greed in my opinion because it is a good strategy to accumulate more bitcoins/other assets during a correction to profit in the long term.

Therefore, in trading there are many things that must be learned and mastered, of course self-control is important, regardless of the trading strategy that will be used, I think controlling yourself to stay in a good mentality and clear thinking without being affected by things that will be very detrimental important, even out of several indicators that must be learned in trading, self-control is the most difficult thing to do because many people want more than what they get until greed appears in trading, that greed will destroy everything.

The challenge some traders are facing is to control not to be greedy and some don't even know if they are greedy.  After trading and their was lose in the trade, some trader would want to recover the money that was lost by all means, doing this sometimes may not be with a clear mind, but a mind that is very emotional.  Being too greedy can make a trader loss a reasonable amount of money.

Trading doesn’t require being in a hurry, it is something that you have to take your time to do. You have to master the strategies that are involved, and as time goes on you also try to switch up the strategies that you use and see which one would better work for you. Being cool headed anytime you want to trade is really important, so that you’ll be able to be very calculative of whatever action you are trying to take.

Some people end up losing their money trading in the market, because they don’t understand that trading is a process, and it is not something that you try to hurry up about and it’s not a way for making quick money like some people would think. There are risks involved and if you try to rush everything you might end up losing your money. And it’s good to also try to avoid greed, because that’s what would make you to make decisions that will ruin your trade.

It's true, following emotion can lead a trader to lose a lot of money, there are panic holders who trade emotionally mostly being

victimize by the situation, fear and not thinking right. It's very important to know what you are doing in any situation in this market,

no matter what you'll do, you have to weight everything and make a deeper research with your chosen asset.

Before I commit a trade first I need to seek for the project which is a good outcome but if you don't want you can already make a grade with the trusted which is the bitcoin but of course, having a different option is ideal too. Next is always analyzing the candles stick, market graph and creating a technical analysis this is the most essential when you will figure out when is the right timing to make a trade. Most of the problem when we commit a trade is emotions because it affects our decision when making a trade. If you lose make a mistake and learn from it.

You said it right, traders who quickly judge the condition of the market mostly led to losing their money, while for those who
knows that there are many factors that includes when you are into this business are sorting all the possible grounds, they
are collecting facts that they can use to base their decision making.

It's lesser in committing mistake and if you established your strategy the right way,

The hance of success is better compared to those who are just leaning with luck and just trying to ride with the hypes.

Trading is a good career for someone to make good income. It is usually not easy, but if you are to concentrate and take your time in mastering the skills and know what to do at the right time, then you are really going to benefit from it. It can be very risky, but there are still people who rely on crypto day trading as their full-time job, and these people are still making it. So, if anyone can really rely on this type of business as a full time job, then that means any other person can still do it.

But, the problem with other people is that they lack patience, and they try to trade when they don’t have enough funds to do that, and then lastly they are afraid of the risk involved. Before you decide that you should trade, you should make sure that you have enough funds available.If you don’t have enough funds to spare for trading, it will lead you to trading with money that you might be needing for emergency purposes, and that would affect you badly.

Every good trader has his techniques and tactics he can always use to get his stuff done.Every trade is aimed at getting profit and there are so many things one has to do to be able to make trading successful.

One must strategise on the best time to invest.
One must be able to research for the best project that can yield good result.

There are several important things to keep in mind when trading. When it comes to trading you are bound to lose out on profits.  Moreover, in case of trading, you should not go beyond your budget to trade. You will trade from your knowledge. Don't trade on someone else's advice.

Nice one, I really appreciate. Thanks for passing you knowledge to others.

Always remember never been in a hurry, be your self, take your time and relax.

There is nothing wrong with following someone's advise especially if you're a newbie.

What you must do is to get the good advises and you have to discern if the advises given to you are good for your growth. But if you discern that they're not going to do good for you.

That's the time that you just stop receiving any advise or asking that adviser of yours when it comes to trading and investing.

a very useful thread for beginners and experienced traders alike
I think trading cryptocurrencies is quite difficult, because the volatility often takes me out of the stop, and the price goes further on my idea

It is a fact that in this cryptocurrency market, people who make high profits are people who buy at the right time and hold to sell at the right time, for example:

buy bitcoin at the price of $37000 and sell it at the price of $67000

then buy bitcoin again at the price of $40,000 and sell when it is worth more than $60,000

Very helpful tips. Every new user should read and follow. Generally new user losing money because they don't know where to start and don't know buy,sell target.
 New user should Start with low amount like 50$ and then follow the Forum tips,news and Youtuber strategy. I think this will be helpful but remember try to follow two or three time to get better result and you will learn best trading strategy

You have to be fully equipped with knowledge that you needed when dealing with trading, it's not a game of luck but more on analyzing the market conditions, it's wrong to think that you can easily make money with this business, the timing is very important. With good anticipation skills and right mindset, you will be able to established good system that will help you to become successful inside this field of investment.

Trading needs time. You have to keep enhancing your strategy and allow every possible adjustment to take for a much better outcome.

Day trading is probably the most well-known form of active trading. It is often considered a pseudonym for the active transaction itself. Day trading, as the name suggests, is a method of buying and selling securities on the same day. Positions are closed on the same day they are occupied, and no positions are held overnight. Traditionally, day trading is carried out by professional traders such as experts or market makers. However, electronic trading has opened up the practice to novice traders.

Most of the newbies which are just starting how to trade don't know their are lot's of risk which is associated with trading, most of them don't know they can lose money in trading until they start trading, after starting that is when the will realize and understand what cryptocurrency trading is all about, most people always endup giving up after losing money.
Whenever am teaching anybody how to trade the first thing I always tell them is they can lose all there money and they should make sure they invest any amount they can afford to lose, cryptocurrency trading also include patience, whenever you are trading always be prepared to hold a coin for a long time.

I agree to someone who is just trading always wants to rick quickly without knowing about its risk, we should cheer up for someone who lose their money and tell them that what happened to them is part of the experience in trading so they wont give up on trading. They should know that trading is not that easy unlike what they saw in some advertisements because when we introduce trading we always tell them the good part only.

One thing that a newbie should get is a mentor or someone that they can look up to and know that they won't bring them down with their knowledge and instead impart that knowledge. I wouldn't recommend following YouTubers though, you don't know if they have your best interest in mind and most of the time, they don't.

You need to constantly be in the center of events related to cryptocurrencies, as well as have good technical analysis. In trading, price prediction helps me, for example, I go here (https://cryptogeek.info/en/blog/bitcoin-price-prediction) every day and look at the price forecast.

i think that's not the proper way to introduce trading. :D

And i suggest to advice them to use paper trading first before anything else so that they can build strategies and control their emotions before trading live.

I mean instead of using real money to practice trading because it can cost you alot.

And to be honest lossing money in trading is very normal wherein even professional traders can experience such situation, but with a proper risk management and enough knowledge they can minimize losses and still making good profits!

So i suggest mate.. Tell them to use paper trading and not to risk real money to learn trading..

The things you've outlined are excellent for being a successful trader. Actually, if you are aware of the situation in which you are involved, it is simple to take advantage of it; nevertheless, if you are unaware, it is required to become aware of the situation. You will undoubtedly make mistakes at first, but as time passes, you will undoubtedly seek out the tactics and principles that will allow you to benefit simply. If you rush to take advantage and don't consider the cost, you're making a mistake that could cost you a lot of money.

I agree about that. It is one matter that everyone must look into and not just you have traded and you lost.

But as you have lost, there is the learning that you have to extract from that losses that you have made so that it is worth it.

The lesson is there specially if you have applied a certain strategy on it.

Sometimes some good tips work in the case of cryptocurrency trading, but many times the tips in the case of trading give the opposite result. Due to the current volatile situation in the cryptocurrency market, your good tips may not work. So you need to know the details of the market in detail then take action in the case of trading.

No one can learn to make mistakes in cryptocurrency because once you make a mistake you will always try to learn from that mistake and get something good up front. Moreover, good and experienced traders often make mistakes in trading and they learn from those mistakes.

That's why it's important to have a lot of experience.
because that way we can learn from previous mistakes so we don't repeat the same mistakes in the future,
mistakes are common so no need to be afraid and worry,
I'm sure every trader has their own way of dealing with their mistakes

Risk on a trade is a common one.You have to learn things from the loss trading.In a gain trading, you can't learn anything. But while thinking on a loss alone, you get the same as a emotional one. It may leads to the sad mood.I had loss over 3500$ in a future trading of two big trade. But I had get into the idea of next trade. Because I had a strong mind to get all my loss to my own wallet. The positive mind is the only source for the next trade after a loss.

By looking to your perspectives, it's true that positive mindset will allow you to cope up with those previous losses, instead of regretting or focusing with your emotions from your last lost, it's better to think positively and try to move forward, learn from your mistake and try not do the same on your next trade, be ready and willing to adjust with every situation that you'll going to encounter along the way.

It's normal to lose, but you can minimize it if you have deeper knowledge of the market that you are into.

That's a lot of money that's hard to lose. Future's isn't for everyone but if you've managed to recover that eventually then you're a great trader I should say.

Not everyone that losses that amount are easy to recover it the next trade that they have. It is true that positive thinking will help you but not all the time when you're over optimistic.

I used to exchange alone and I was desolate and, surprisingly, frequently endured misfortunes in sorrow. yet, when we met similar individuals, we shaped a gathering of 6 individuals and from that point exchanged effectively. Since stop control lose is truly challenging and it necessities to clear up your psyche from those pessimistic feelings.

I think if we want to make short trades, then we have to do clear targets and stop losses. Of course, we must be very disciplined, because later not all of our transactions will be profitable, but our account graph must increase. mentally prepare us to be disciplined, because there is no bargaining in our analysis plan considering we will evaluate each of our transactions and review them again so that in the future it will be better

In short-term trading it is more focused on analyzing all the time,
by analyzing at least we can make decisions quickly so as not to lose the moment to take profit,
it is very important indeed to always evaluate and analyze even though it is not an easy thing it also takes experience

We all should never forget that mistakes are part of the trading experience, whenever you make a mistake while you’re trading Cryptocurrency, you should take it as part of the experience and try to work on yourself by knowing how you can avoid making that same mistake again in the future. It’s really important.

Some people would rather give up whenever they experience such difficulties in the market, they are forgetting that there will always be an obstacle to achieving great things. It doesn’t just come to you easily. You will meet difficulties that will always try to discourage you, but you should learn from them and move on and keep pursuing your goals. Risk is part of the market.

Life is itself bring new experience to everyone as trading will give different experience throughout your life. Trading is very risky job point is that put that money you afford to loose. Money can be zero even you put that money on big share just like a young and healthy man can die. Second is buy always at dip and may be sip system not all at once. Third point is make some research about project that you going to invest. My last point is to hold have some patience. You came out as winner.

Yes, trade at your own risk by carry out your personal research before investing on a particular new crypto project in the community, will really help you to achieve a lot of income from the market. Now that everyone is rushing to invest on some crypto project in the community, it will be favourable to invest on those old crypto project that always favour traders in this season of Profit making.


Don't be greedy to take your own benefits from the market because the price of some coins has just moved higher for traders to smile again in the community. This opportunity will not last more than two months before those coins price will drop to lower level. Long term and short term investment will join this moving train to earn well from the market before the price will fall back to lower level in the exchange market.

Gaining from your own misstep is actually the uprightness in exchanging, not on the grounds that you have lost your cash from it, you will stop, that isn't the beneficial thing to do, don't let the one lost of your life let the possibility bringing in cash away from you. Yet, when we met similar individuals, we shaped a gathering of 6 individuals and from that point exchanged effectively. We open the workplace and work expertly.

Greed is a natural human trait and everyone has it. just how to control it. When trading, greed really has to be controlled and trades must be in accordance with the strategy that has been made. Don't enter on high-priced coins, it will only hurt. long term investment should choose a good coin and do some research to determine it.

This advice sentence must continue to be voiced by many traders to> newbie traders....good traders are not those who always show their profits but who always give good advice to others who want to become traders.  but there are still many traders (pro or newbie) who find it very difficult to learn from their mistakes, this is the most important part.

Join to group or forum crypto currency. Find a undervalue project wit a good development. Buy that, and dca until reversal. Take profit with high target or equal mc with competitor.

I think gaining money from trading is not just ,,winning'', I would say ,,earnings''. Winnings maybe in slots or another live games but not in trading, of course  if you do it with your own skills and strategy but not with just lucky. So, If I buy 1ETH and then I sell it because of the bad news, it won't be winnings as its in casino.

I think if you want to be a good trader then you must take training first then after training you will be able to train well with any cryptocurrency from which you will get a good profit in future and instantly you can get some profit.  We need to learn how to trade from a good trainer so that we can understand how to trade well.

You have a lot of risk when you start new trades. Most of the time those who are new here have a lot of risks. Most of them are involved in trading.  Can understand and understand that most of the time after losing money he gives up the rudder.

In trading indeed doing analysis is important and has a big role in the profits you will get,
besides doing research is also important before deciding to buy coins,
lots of good coins and do some research then choose the one you think has good potential

Sorting assets to invest your money is very important, never to just blindly buy coin without doing research and analysis.

It's not gambling that you are just relying with luck, but more on doing your job studying the market. If you properly analyze

the market the chance of earning huge is possible. Think wisely while working into this industry, there are many obstacle that

you needed to overcome before you succeed.

You must go for Forex Trading, though it is quite hard from the being the robot.

Forex Trading is no different when it comes to risk and being hard to sustain although volatility would really be the main  thing on what differs them but it wouldnt really be giving out any assurances
that you could really be successful thats why it would really still vary nor depend on a particular trader on how he would handle himself on such conditions.
Tips for good trading?
1. Stick with basics
2. Dont be greedy
3. Good control of emotion

These are only the basic things which you do need to bare out and the rest would
be get through real experience.

If practically all traders can follow the above-mentioned advice, I believe it would be beneficial since traders will know exactly what they are doing and what they can anticipate in terms of profit. Traders will also be aware of when to sell and when to purchase. Most traders are held back by greed; they can't afford to take a small profit and walk away, so instead of waiting for more, they end up losing practically all of their profits.
These suggestions are quite useful, and I am confident that they will effectively lead and assist novice traders.

If your gain from a mistake is not in fact justified because you lost your boat from it here it may be you don't cry it is not a good thing to do it don't let your life be lost how far from you you can't  Yet when you meet this kind of person we form an assembly and have an effective exchange from that place we at least open and

Do not be greedy:-
If you are greedy, it will make you to trade with all your money and be hoping to win it all big. And the opposite might happen to you and it becomes a problem.
If you are greedy it will make you to trade with very high leverage and when the market moves against you, your money will vanish.
If you are greedy, it will make you not to know when you have made a good profit and leave the market until the market goes against you.
It is very very dangerous to be greedy in trading.

Here you have good information which will be useful for both Newbie and regular trader. I believe that it is better to do your own research while trading.  But in this case, if someone has instructions, then it is better. I didn't see anything new in your post even so, it would be helpful for newbies.

You really shared some awesome tips.But I think you can add some more tips.
In my point of view I have different tips for short term and long term traders.

For Short Term Traders: They have to be a good technical analyst.And they should trade following the market hype.And must use stop loss in every single trade.

For Long Term Traders: They should have knowledge about projects.And should obverse a crypto before investing on it.
And must have patience till the pump.
So if someone can follow these rules too I hope they will make some good profits in trading.

Those are the very basics of trading. Yes someone extremely new to trading must know Risk, Budget, Greed & Mistakes but these all are the psychological side of trading. The real tips are learning about how to analyse projects if you are investing in altcoins. Learning about TA (technical analysis) because no matter how good you are at fundamentals, you will need some technical knowledge as well on when and how to trade your assets.

The best advice I would give to any trader who is starting is to open a demo account, consider the amount there as your own and be serious about it, trade and learn. Once you feel confident enough start trading with real money. The key here is to consider the demo account as your own funds, if you consider then free money, it's more gambling than trading.

I see many traders especially newbie which are frustrated and blaming trading because they lose a lot of money and that's one of their mistakes they are too aggressive to trade and they mostly go directly to futures trading. What I do suggest is invest a small amount and practice trading with lower amount of money instead of aggressively trade with leverage.

Yes i am also trade only as a side income because of busy with families and education. I think trading on top gainers coin In binance is best to get some short term ptofit.
If someone start with small investing , i hope will learn to do scalping in one day.

Regardless of how busy you are, you still have time to read and gain some knowledge about trading. Set aside an hour or so each day to do so. In this field, you never stop learning new things because you will always be required to learn new strategies that will work for you. In fact, the majority of traders today are still reading and learning in order to gain more knowledge and improve their strategies. Experience will also be your ally in this endeavor because you will become accustomed to it, much in the same way that you will know what will happen because you will be able to read the chart based on previous events.

Nothing new and the same much with gambling for some. While in trading, they're really looking for someone to blame but they can't blame themselves.
It's true that they're too aggressive and just go through futures trading quickly without even trying to understand what type of trade they're getting in for.

Many atimes people present different ways to be successful in different fields but when everyone follows the tips only small number of people will be successful, even if others do exactly the same thing that was recommended. This made me to understand and believe that the best tip, the best method and the best strategy is the one you developed by yourself over time at the course of experience and hardworking.
If one desires to be a good trader, he must first and foremost develop a system or strategy that works for him. If you base on the strategy of others, it may fail you woefully.
Even the most experienced trader will lose on a bad day, it is recommended that you should be patient, you shouldn't be greedy and finally trade with what you can afford to lose. No trying of luck, ensure that you know what you are doing before you do.

Learning how to trade already takes more time but how much more if becoming an expert with it?
Pretty sure it can take ages because trading is too complex. You need to learn different things for you to master it.

Experimenting is a part of the process of becoming a pro in trading so don't be afraid if you think you bought a wrong coin or if you bought the coin at a wrong time because that can also be a part of experimenting.

History can repeat itself but not all the time so don't be disappointed if you think you did your best but still fail and lose. What op shared looks basic but it can serve as a reminder because there are traders that eventually change their attitude when they think are now better at it.

It's possible, but I don't think it will be long even if it takes time. I think 3 months is enough to understand even if it is limited to trading basics. Learning to trade will never run out, but if you continue to do with hands-on practice it will be better, theory alone is not enough for trading. The change of the trading market is also very fast, traders must always follow it to continue to survive and make profits.

Being updated will allow you to explore more, there are many influences learning the basic will give you a good glimpse of what market you are into, there are many factors to consider theory alone is not enough but a continuous trading practices will allow you to be better from each time you participate inside the market.

A good trader always open with updates and adjustments, it's a combination of your skills and your knowledge to work with many active and experienced traders who also have the same goal of succeeding inside the business.

that's right. in 3 months, I think, you already know how the system and the basics of doing trading. however, to improve the strategy that you have, it has no time limit, because we will continue to study the aspects that make prices go up and down, and adapt it to the strategy we have.
However, the best tip in this case is to always pay attention to the development of each asset you have, from how it is used, the development of the project, and how it is needed. continuing to do research all the time and moving based on the considerations of the results of the research you do can make you a good trader. some people out there just move on by the hype, and follow in the footsteps of others.

From here, things get trickier, and this is where the true meaning of burning up of bad psychic imprints comes into play.  Then I think I have to think about whether I can take the points

Following the guides and rules that guided crypto trading will help you not to involve yourself in losses than to make you to become professional in trading. It hard for professional traders to disobey any crypto rules because they believe they are very important to every traders to observe in the process of trading in the market. professional traders always carry out their personal research not to experience failure at the end of their trading than to make a huge amount of profits at the end of the trade. Analyzing is very important to traders to make a good choice of the coins to invest on and have something good to earn in future.

to trade on the coin of choice which is a potential coin, of course the first step must be to create a framework, which is a reference for us to trade. after that we can open a position according to that analysis and profit or loss seems to be a normal thing to be addressed. a professional trader will evaluate each analysis for a better future. until finally you can achieve financial freedom from this trading itself

Good tips, especially at points 3 and 4, usually many traders find it difficult to control their greed and it is also difficult for them to learn from the mistakes they have made. Therefore, this is the importance of our mentality when trading in cryptocurrencies, usually many are tempted by the market rises until they pass the price limit that has been determined from the start, as a result it turns out that the market suddenly drops and they get nothing. Maybe they call it optimistic but in reality it is just human greed. In addition, they also often do not understand and learn from mistakes that have been made so that they make a loss, and in the end the mistakes keep repeating themselves.

Yes, trading and gambling can be similar in some ways but when it comes to gambling even after you have developed strategies and analyzed everything it still comes down to how much luck that you have. Gamblers mostly counts on luck and it’s not like trading where you can be able to predict the next move that the market would make and be at least certain about it to an extent. But I'm not trying to disagree with you on that.

Secondly it is very important that people learn to limit their budget when trading. Most people tend to forget that trading is a risky business and if you lose your money it is gone. Unless you are lucky enough and maybe you end up recovering what you have lost. But, what if you are affected in a way that you lost more than half of your money? That is when it becomes a problem, if you also don't have money to spare. So, it is very important that anyone who is trading puts the risk that are involved into consideration.

One of the things that should be found here for the newcomers is that there is not a single mentor here who thinks that they can see here and do not know from here that they will not bring them down without their knowledge and instead provide that knowledge here if I say so many telegrams here  And there are so many different social media outlets out there that I think they can take knowledge by following them

There are many important things for good trading that we can never accept. Those who have knowledge about different trades never lose more than the trading platform.For those of us who are at a loss on trading platforms, we are at a loss. There are some hard and fast rules for trading. If we follow those rules, we will not lose much on our trading platform.You must know well about such signals. Every partten has to be followed well.

This are very important tips for trading to follow , all what you have just listed is a fact. Greed has always spoilt everything concerning trading.  Most people try to aim much target in trading and sometimes it becomes loss at the end to them. Traders should be satisfied with the little profit they have , another day is also a day to make another profit.  Aiming to get to get excessive profit is very risky for traders.

^ Set a limit would always be fine in trading and also set a stop loss would be the best too to avoid chasing losses.
We know how greedy human it is but we should learn how to be contented with what we got because not all the time we can always make a profit in trading. Sometimes, a loss may occur in an unexpected moment or probably sometimes we are right but actually not. Good trading tips are good and it should start it into yourself.

A good thread, as a trader we have to be able to avoid things that can be detrimental and trade carefully because it will involve our trading assets. Some of the points that you wrote above are indeed important things for a trader to do because that way we can learn from mistakes and be better in the next trade. theory alone is not enough to make us professional traders, therefore we also need practice and experience so that we can learn from experience and make it a lesson in the future. So in addition to learning theory, the experience will also greatly affect the future.

I think something that most traders don't talk about is, we need to pick trading assets that we can be masters of and apply strategies that will work in the longrun.
 As much as we can know how to read charts,know candle stick patterns,I believe for better such let's to a couple of assets to trade,we can't be masters of all...if it's currencies then let it be,if it's indices or digital currencies let's stick to this :)

There's no such thing about assurance when it comes on making analysis or strategies because market isnt something that could really be putted up with some fix strategies which means
it do really make out changes from time to time which means that we would continue on making one until we do able to make profits out of our trades.Of course there would be several
factors which would really be needing for you to change nor control for you to make yourself sustainable with this career.It would take lots of efforts and time before
you could really have a good control or handle on this market.

Don't believe people who say optimistic buying on the top price. They just try to make a hype, they suggest people to buy but they are selling their coins. I often saw some members on a few telegram groups that spreading mislead suggestion like this. However, to decide buying when the price is increasing can be a good way if you are using scalping method. But unfortunatley, scalping isn't for newbies or beginners, this method can be use by experieinced traders only. So, if you don't really understand about the way to get profits once it is in uptrend, better to stop buying and wait for the next correction.

Actually trading is the systematic approach where your emotions and feelings don't effective. Sometimes emotions and feelings can bring you losses, more greedyness can bring also losses. Before trading you should follow market price and tricker number. Don't show over budget to your limits...

Though I don't understand about the tricker number that you're mentioning here. But yes, greed is one factor that can change your fate in trading. It is a human nature but can be controlled so you won't make a grave mistake. Also, at least study the coin that you are trading with, learn its foundation and ongoing developments because that will give you idea on how it may possibly perform in the market.

It baffles me when I see traders during a bull run, who think that the market will just continue to go up forever. And when there happens to be a sign showing that the market will turn bearish any moment these people still continue to think that it will keep going up despite the signs that they are seeing in the market.

Most of them would keep jumping in even after the market has reached its peak price and at the end the market will fall and they will lose their money. It is really bad that even after so many years that we have seen this happened, people still do not understand that there are times for bearish and bullish trends.

Moreover, the bearish trend tends to last more than the bullish trend which would only just be for a short time.

You may be right that we need to master the token or coin we choose, so that we know how to predict chart movements based on what happens frequently. only, I have a little suggestion for this. sometimes reading the movement of the chart is not a strong basis for buying a coin or token. I prefer to do research based on information that is happening supported by chart movements. it would be great when the coin you are targeting has chart movements that you have mastered, and have new developments, but the price has not gone up high. it can be a potential to make us make quite a lot of money. no matter what strategy you use to speculate, keep doing research on what they are developing now, and how they will survive in the future.

It can help you improve your trades but losses will still be there. Rules and guides might be too basic but they are needed to become a professional trader and why will someone disobey the rules when rules are very important? disobeying it can only lead for a trader to lose all his money and much worst is he won't be allowed to trade in the trading platform that he is using as they can also set their own rules.

It's important to read it and follow it. Pro traders are not cocky enough, they know that if they do over trade they will only lose so it's important for them to stop and secure the small profits they have collected and lastly analysing is indeed one of the recipes to become good at trading.

I have my own way to trade, there are several ways that I use, Using divided capital,
meaning you can set aside 50% of your capital and use it to buy back if the price goes down again, then don't be selfish,

let the coins that have gone up not to buy, buy if the price drops,
I guarantee you can apply this trading strategy and you can be successful

New traders always faces more challenges cause of lack of knowledge, that is why they are prone to make a lots of loses with few weeks of trading. The best tip to give a trader is to keep learning. Learning nevers stop so we'll need to keep making research and reading books about trading to increase and develop our knowledge about the trading world. There is more to trading so the more we enquire, the more we understand why the market react.

Appreciate your work here for spending time in getting few good points and sharing here.

Do not be greedy: Do not invest all you have. Just hold back a lump of amount. There will be times when the price might go down and we will be at lose. The lump of amount can be used to average the lose.  
Learn from your own mistake: Its common with beginners to loose money by either panic sales or investing on a coin which does not have a growth. Loses teach more. Yes it would be hard to accept but its an experience. How can a beginner avoid much lose? Just invest 50% of what you have planned for on a best coin. Use the remaining 50% to average the lose if it happens though. Here where you can minimize your lose.  
Yes altcoins follow bitcoin's growth. Have patience and invest on the right coin when the price is low. Spend time and choose the right coin. This will reduce 70% of loss.

One of the things you need to keep in mind when chatting is that it is very important for you to wait for trading. Here if the profit you get is a big factor. Here you have to make a lot of decisions before buying coins here.  All you have to do is do some research from here and then you have to buy the coins

These are ethics that should be learnt aside trading strategies, in fact, ethics like these are invaluable strategies in themselves, I believe when trading commandments like these are been obeyed, it makes trading better and bearable.

Hey guys if you want to invest for long time, you should maintain trading rules , regulations and trips very carefully. You should have enough ideas and instructions about current market and situations...

These is indeed what anyone getting new into trading needs to know ,Becoming a good and profitable trade has to do with a lot of disciplines and consistent hard work which the above mentioned points are part of it, any trader that fails to pay attention to certain rules you have to obey or pay attention to as a trader,  the resultant effect would be you blowing out your entire portfolio.

Trading is very tricky it requires serious understanding, these are very good tips that helps to be successful in trading. A trader must learn to be disciplined at all times and always be confident in making decisions even though they turn out to be wrong decisions you always learn from past mistakes and discover your weaknesses. Greed is a major factor that makes most traders to run at loss, i do see trading as a bit of gambling and there is no certainty because of the behaviour of the market so traders should know when to withdraw from the market.

Learning from mistakes is important to make us better, many people don't want to take lessons from mistakes made so they will keep repeating the same mistakes, if we want to take lessons from mistakes of course this will make it easy for us to get big profits .

If you want to tag, the first thing you need to keep in mind is that you have to test your patience and there is no temptation to be greedy here.  The key is to sell the high value coins and buy the low priced coins. All in all, the long term investment should be a good one and it should be determined that some research should be done in your favor.

Well, if you are not good at technical analysis, you can do trading in a basic one. Buy low and sell high --this is the simple one but it needs to have patience so that you can achieve your goal. Those tips from the OP are good to take note of, we should always consider that advice to take advantage of the market and of course with self-discipline. However, I know this is not easy to apply to ourselves.

selling at a high price and selling it at a low price is not as easy as imagined, we can know that in the low price category we must analyze it and determine the buying area, to wait in that area we must be patient and don't get carried away by emotions so we buy outside the buying area, because of discipline and our psychology is certainly not good. therefore discipline and emotional control are very useful to support the analysis that has been made

It's the number 1 tip for me, people avoid gambling and rather stick to trading and investing just because the the think the risk is higher in gambling.

Weather you're an investor, a trader or a gambler, all attracts risk and our mind should be ever ready for that.

There's enough strategy to apply for good trading, especially for newbies. One of the good tips to anticipate is to buy serious dips and sell it when the project is in massive pumping. But before going into trading, you must belong to a special group of people in the space. We have the  gamblers, investors and traders, which you will  choose the ones that  you find yourself. We have different kind of people in the space which are ready to trade instead of gambling or been an investor. Perhaps these three categories of people gives you more lessons and profits in the space. One of the best categories to choose when you are in the space is to be an investor and a trader. Because gamblers take high levels of risks which are liable to liquidate their trading account, their mindset is to get rich overnight, meanwhile Cryptocurrency is not a get rich quick scheme or a Ponzi scheme.

If you do not want to deal with your preferences here, then this is a potential currency. The first step you must take is to create a framework.  We can open the position and the profit and loss is considered to be a normal thing.

good trading only requires patience and expertise, because if these two things are not in you,
then I am sure you will not be able to trade well, it has been said on the first page,
that not being greedy and always analyzing before buying is important to trading, only 2 TIPS for good trading that's all in my opinion.

When it comes to stocks, traders need volatility, trading volume, and trend trades. Although it's hard to claim that one type of trading is more fruitful than another, most active traders prefer day trading stocks due to their high profitability.

The most important thing is that patience in a trade should not be decided without a strong analysis it takes time and our skills to buy the right coins, whatever the tips we have to learn about what we don't know but believe me this trade is our consistency to take for a good percentage set it to be good tips and avoid greed.
Many people fall because of greed they want high profits but basically, it makes us lose because of our own actions, so lessons make it valuable not to repeat it again.

Everything you say is true, and I agree with you. For me, the best advice that enables a person to become a professional trader is to always stay away from emotions and focus only on the mind, in addition to stay away from believing everything that is published on the Internet because this news can be false and the only rumors we should not be greedy, because Greed always exposes us to losses, and the most important thing is to get away from this field if we don't even have a little experience inside it.

Learning from your mistakes is one of the best tips that a trader can implement in his life. How will you grow if you keep on repeating the same mistakes? To avoid that, you have to know where you are failing. So never stop learning

Nice thread there, thanks for sharing. As most traders tend to be caught up by the emotions and trade more aggressively when having losses.I have some tips as well about how to deal with revenge trading.

Accept the loss. Take a breath. Resist the temptation of “getting back what was yours”. Markets are unforgiving.

Do a self-assessment of what you did wrong, and take a note. Losses are our best teachers.

Adjust your trading plan if necessary.

Stick to that plan!

I read a rant from a crypto newbie in a local thread, where the OP expressed his frustration with his investment being liquidated, as the investment that he puts in trading was mainly for the daily expense. This is a lesson to everyone that don't gamble your money for the things you have no solid learning, especially trading that is highly volatile, even pro traders are getting rekt, what more if you're a newbie? These tips are very timely as we are experiencing a market crash, where every day millions of dollars are being liquidated. With the current market situation, give ourselves a pause from the stress of trading, take a break from losses, breath, and learn new things, so we are ready when the market heals.

Before placing a trade on Binance or any of the trading exchange, you need to know the basis of the exchange you are using. Like Binance, which its minimum amount about to buy a coin is $10 and you can't sell any coin below $10 rate. There are other good tips for opening trading position. We have the stoploss and take Profit.
Stoploss is one of the essential tool everyone must set after placing a trade. Stop loss usually save some traders from liquidation of their USDT. Take Profit and stop loss are always set for the purpose to either to reduce the rate of loss or to close a trade when you are in profits.

It is important to know the details of everything before taking any trade. Because if a trader changes his mind after taking a trade, then it will be a big problem for him. You can easily convert other coins of small amount to bnb in Binance, which means there is no big problem here if the fund is less than the minimum amount. Stoploss can save a trader from huge losses in volatile markets. On the other hand, this stoploss can get a trader out of the market, again pumping the price. So it is important to know the proper use of the system.

This is really a nice thread, very informative, thank you so much for sharing this. Trading is not easy, especially when you new to the crypto system, when you are ignorance about crypto, it makes you lose alot of fund and with that you might easily get discouraged. It's really a nice thread.

Amarkets?  So this is a Forex trading company which im aint sure if this one is known or not but as long you do get paid and this one works well.Everything should really

be learnt up and that will via with experience and expect and dont rush up yourself on learning because it would really takes time and effort before you could attain such state.
One thing you should bare up on mind is on how you would really be making yourself sustainable into this market for a very long time and that comes next
about making profits.Sustaining would be your main priority.

I believe on the more you trade the more you learn. Making good achieve in crypto trading does not comes in one night. It requires continues knowledge applications to trading patterns. Trading has different aspects and we should always try and balance it so we can have thorough understanding about what it means to trade. Op tips for good trading is a must learn or understandable aspect in trading.

It is best to learn from mistakes, but you learn more when you lose, even when we win we must realize why we won, it is something that very few traders do, when we lose some take it as the greatest of failures and they are It goes down to self-esteem, some lose so much that they don't even return to trading, I think it's a matter of attitude because in trading losing should be seen as something normal, and not as a shame, in fact those who lose in trading and realize the why, do not make that mistake again, thus avoiding losing money.

I want to agree with you there as that's how it kinda works for me. I lose money, I hurt, and so I learn my lesson. I lose 50 cents and I don't feel so much pain, and I tend to lose it again ;)

But this space of socalled trading is filled with gamblers and risk takers, not really actual traders setting out to learn, but to make easy money and get rich quick.

They don't seem to be the type to learn lessons ;)

I'm sharing my trading strategy

- Timeframe - 5 minutes
- Look for a big accumulation of highs or lows and use them to draw the level
- When this level breaks through, go in the direction of the trend, put a stop-loss outside the high or low
- Keep the risk/reward ratio of 1 to 3
- Use no more than 4x leverage (Cexes – Binance, Kraken; Dexes – Wowswap or Ddex)
- Profit!

When you want to learn the tip things of trading you will pay attention because if you refuse to pay attention to learn and know when you suppose and when you are not suppose to be in the market you will lose all your funds use to start the investment, the beginning of training of cryptocurrency is listening and the understanding of cryptocurrency

Good point. If you wanted to increase your chance of success, losing should be treated as your learning ground. It's not a shame

but a good inspiration to push forward and try even harder. Most of those who think that losing is a bad result will continue to regret

and continue to dwell with things that supposedly be forgotten to move forward. Different takes from different types of investors and

traders, the one who desire to succeed will not allow being dominated by negative effect instead they will continue to seek for that

fit strategy to continue.

There are many Tips that's you can follow. But experience is very important thing. In my opinion you can considers these tips to get some good results.
1: don't Invest all money in one coin/ asset.
2: Always use Stoploss. Less loss is better than a big loss.
3: learn from your mistakes.
4: use less leverage.
5: focus on learning because learning is very important to become a good trader.

in leverage trading, we usually choose to use large leverage, because with small leverage there are often stop outs, and this makes us sometimes frustrated. it's true to learn we should use a small leverage, that way we can learn discipline and mature our analysis, otherwise we will be manipulated by our emotions, because if we experience a loss, we want to recover it immediately. and finally we can't think clearly again

maybe everyone has their own way and tips for Trading Crypto, there are many people who will see a good meme to enter the market to buy BITCOIN, it is very easy to try when the market is DOWN and it is a good opportunity, but there are also people who use Analysis or charts and read news or follow trading signal groups

If you want to sell at a very high price, it seems as easy as imagining to sell a little less here, but here it is more difficult than here.  In order to do that we must have patience and the emotions that are not out there and what are the reasons for being out of the area here and we have to comply with these issues.

menurut saya setiap orang itu memiliki gaya terdendiri untuk melakukan TREDING , Karena intuk saat ini sangat berbahaya sekali untuk membeli bitcoin,
I think that everyone has their own style to trade, because at this time it is very dangerous to buy bitcoins,

Firstly a trader is expected to devise a trading strategy from the internet modify it if necessary and practice trading thorough demo or stimulation, learn the mistakes from losses make amendment as possible to prevent future mistakes until profits taken is more than losses of course losses are inevitable, however money management will take care of such losses.
Finally it's a good idea to start live trading with small amount of funds to test the effect of emotions and fear of real live trading once those challenges are overcome profits is guaranteed  consistently.

Thanks for the information. Trading is really a challenging one. Trading is profitable but you need to learn how it is done and need to check the coin from time to time. Mistakes in trading will help you understand more about it because you will become more careful everytime you make some trade.

Many tend to either stop or give a long break when they loose. It would be hard to accept but yes this is part of the journey. Even experts who are here trading for years, might loose as market fluctuates and often the prediction might not yield a good result. Just take such incidents as an experience and move on. Often, being patient enough, will yield a good result. Long term trading would support the beginners more than short term trading or day trading. Choose the best coins, invest and watch the market move patiently and place your orders.

That's how trading is and the more experience it will certainly make us better,
what makes trading challenging I think it's because we need more effort especially trading is very complex,
both knowledge, skill and self control we need to learn and it is important for trading

experience and the desire to always improve ourselves are the keys to success in trading, sometimes we make repeated mistakes even though we know what we are doing is wrong. therefore for every transaction we correct so that there is an increase in the quality of our trading. and what needs to be emphasized is the greedy nature that always permeates every human being, therefore we must be able to control it

therefore, every trader should make a plan that they make from scratch. Don't be too greedy to get big profits in trading. The importance of experience in trading must of course be considered to minimize the risk of loss.

traders have to manage and limit the assets that we can trade. Many traders cannot control their emotions when they lose. and choose to put in too much which will shackle more money. the trader must know when he is satisfied with the profit as well as the loss he can bear.

We can copy an existing plan or strategy for others and we can just do a modification based on our own taste or preference but I think you are right that it's always better to create our original plan from scratch. This can make us a better trader than relying partially on the plan of others.

Being greedy is not right but I think being greedy is the only way to make loads of profits but that is if they are also lucky however if they made a profit, chances are is that they can still use all of this money to make more money because they are greedy anyway. This is where the importance of planning comes because when we have a plan, we will follow it and we will ignore our emotions if ever we lose or even when winning.

First you need to be able to understand and read charts. (here (https://cryptogeek.info/en/blog/crypto-charts) you can learn how to do it). You also need to use trading strategies and trading tools.

One quality of a good trader is one that keeps records. This is not to say keeping records makes all your trades perfect or you don't get to make any more loses, of course there would be loses when you trade on wrong generated signals that could be self conceived. What am saying is, you ought to do proper analysis and keep records on them, how and when you entered the market, what pips did it do, when did you exit and what where the signs you identified to have exit at that time.
These records helps yo keep you on track with your trading and you could always revisist them for studies and history on reoccurring signallers in the market it helps you build a better strategy to your trading. Having a self generated reference material that actually works.

right, we are here to work, so we must obey the rules that we have made. in this case, of course, greed is an action that goes out of line with a predetermined plan to achieve the target. means we are not disciplined against the framework that has been made, based on the analysis of price movements. if we can't control this, then maybe we won't be successful in trading, because of the nature of wild greed

A trader with all the ethics and tips they can lay hold of without discipline is similar to a gambler. Knowing when to pull out and when not to trade is another good trading tip. It's not enough been a pro-trader, trading is like every other investment so knowing when to say no to a signal and when to avoid the market is one of the best tip

it's very easy to have a good trading tip or plan, maybe for beginners it's better to play or buy coins when Bitcoin is down this is one that is very easy to learn, but if you want to be more reliable in choosing coins, then you have to learn to understand market news and good analysis

Let me add this that can also be an important tips to beginners, I have come across so many beginners who take loan to trade. Beginners who go into this step feel they are too familiar with trading and they will always get profit from every trade. Beginners also make mistakes by trading with amount they can't afford to lose.

Exactly! if you want to go deeper, you also need to investigate and do your research. In general, you can buy Bitcoin when the

bear is ongoing while many are fearing to lose their investment. You, as investors, are taking the opportunities to buy at the cheapest price

and wait till the market bounces back and reward you with decent profits. It's all about how you take your entry and how patiently you are

in dealing with every market movement.

You know that learning never ends so we need to read and learn more everyday so we can get aquatinted with trading and get to know more about how the market behaves. The market can change pattern anytime so we need to be learning new things everyday so we can always equip ourselves with the latest information that can help us to get the best out of the market.

Never ending learning indeed because market conditions is something that do really changed up very actively and imposing different scenarios and conditions which would result into adjustments to be made by someone which is really just typical reaction or action to be done.

Tips for good trading?
-Never make yourself greedy
-Never in a hurry
-Proper risk management

You would be finding yourself doing just fine but of course having good control of everything would be ideal specially
with your emotions and with your finances.

Working with demo account means someone is a newbie. What I also see as a demo account is just that it is not real, I mean not dealing with real money, but can be helpful though. Besides, this is a crypto forum and we deal more with exchanges, most exchanges do not have demo account and the demo account experience may not worth it at times as you do not trade with real money. I have preferred to use small amount of money to begin trading for practice when I started trading some years back.

In any case, you should understand that a demo account is a rather important experience and you should pay attention to it. Otherwise, the results can be a little disappointing, and that's not the worst.

Try not to borrow and invest as this will certainly urge to either close off the trade in loss and pay back the borrowed money. And always hold a part of your investment amount to average the loss. When you see you are in loss, buy back the same coin at low cast. This will balance the loss and you might have a chance to either close off the trade with a minimal gain or without loss. Patience is the other key to succeed in trading. 

Even if not a newbie but if you have discovered something new and you want to make sure that it will work perfectly then you will test it out first on a demo account so that you won't lose any money in the process but it was the newbie that needed this the most because they don't have any experience and they haven't formulated any working strategies.

This forum bitcointalk deals mostly with bitcoin but we can also talk about altcoin and stuffs that are related to cryptos and blockchain. One of it is the crypto exchange. We cant remain using demo trades forever because we aren't going to earn on it but as soon as we think we are now ready, that's the time to use a real crypto exchange and yes we need to start with smaller amounts.

Well, I did not use a demo account when I started to learn trading, i used HitBTC that I can even trade with $1, later I use Binance for future trading that I can use $0.25 to open a 10x margin. Then why demo account when I can use such low amount to trade? I am not recommending HitBTC because their withdrawal fee is too high and the reason I left the exchange. Demo account can be good though but exchanges are not supporting it, only OKX has been only one among the exchanges I have used that support demo and the experience is not that good compare to normal trading with low amount.

That's a mistake that has been happening and those that have done it don't do it again. But the newbies are the ones that have the urge and courage of doing it.
I've never done this thing because I know that it's not going to have a good ending. Mistakes such as borrowing for trading and even gambling will never get old.
Because time and time again, there will be those that will not listen to the mistakes of other people that chose to do this and resulting to have a bad outcome.

I think they will come to their senses when they feel the loss due to their mistakes,
we know that many people have shared stories or given advice not to do it all,
but in the end there will always be people who repeat mistakes like that

people learn from the mistake they do during the time of trading and advice supposed to be obtain and before trading and borrowing for trading is not right but people due values borrowing for trading and if we borrow and finally we fail to make profit in trading that is the bad side of trading and it is not good borrow for trading

And it's too late for them to realize that they've done a mistake but it's never too late to learn from that mistake. There have been so many people that did it and it didn't help them on whichever side you want to take a look at. Those who listen don't have to go through that failure and experience but those that don't listen, they'll experience it a hard way just as the others that have done it before. It does matter if you want to listen and if you don't, it also matters and you'll take a long way if you're into this market in getting used to it.

I think studying in a demo account will not make us excited, it's better to try with a small value for example $ 150, if we use money then we will be serious about learning about many things such as technical analysis, trends and so on.

Practice makes you perfect mate. What do I mean to say about this matter? of course, you need to apply actual trading and start with a small capital first. Then, observe the flow motion or chart of the price value depending on the coins you like to buy. Just never get hype with the people   who will say to you regarding about this things. Because experience is the best methods for this matter for us to earn nicely in the end.

I agree more with your way, my friend, because learning better is by doing real practice and starting with the smallest nominal and always recording what makes the predictions that we do wrong and correct them. Usually with every mistake we make, it will be faster to remember and will not make the mistake again.
Of course, it is not wrong to also accept what is suggested by more experienced people, but it is also necessary to analyze it well because the movement will always change at any time.

Thanks for the tips you offered us; I want to become wealthy overnight. Some of the trading success stories I've heard. It gives me the courage to go out and start trading, even though I'm still losing money. I was about to give up, but after reading your advice, I'm going to follow it step by step to avoid making the same mistakes I did in the past.

Additionally, you need to have a trading journal that will be a written one. I can't over emphasise the importance of this. You will saddle it with info like why a particular trade is picked, stop loss and take profit, invalidation points and many more.

Not really that much needed base on real trading experience, i have test or experience on having journal but turns out to realize that it would really be hard to stick into patterns considering the market could move in

different variations which combinations  and patterns is something that hard or a challenged to check everynow and then.The best thing to have is your experience where on the time you had encountered similar

scenario then you would already familiarize yourself and act accordingly on what you do have learned in the past which this is something i do prefer rather than on having a journal.

A good practice to have a good basis or system that you can always check before you place your investment. It will continue to remind you of how you will react to whatever the market is moving. There are times that your entry won't be hit but the good catch in using this journal i to check again if the patterns is not applicable with the current market movement, you can adjust and change it up, either cutting your losses or adding additional investment for new entry position.

Get rid of that mindset far away because it looks too naive to get rich overnight,
either profit or loss it's all part of trading so let's just say you are on the process to profit,
I hope you really can learn from mistakes and succeed

I used to think that a very good option is to trade based on other people's trades. Now I am convinced that this does not bring practically any experience. Most often, this simply allows the trader to relax and think less for himself.

A person should be aware of indicators that will guide them in tracking pricing because it is great knowledge if someone is unfamiliar with trading and getting such ideas will help them trade. Some people simply try to base their beliefs on social media, therefore I'll counsel you to read carefully about trading methods before relying upon them because there are times when you'll hear misleading information.

the right way to trade is that we have to understand how to analyze the chart properly and correctly,
of course it takes time, because experience is also very important in trading,
emotions and greed in trading we must also take care of, because it can be a danger to ourselves

Yes this is quite good idea for newbie. First newbie should start with demo account and should use different strategies an tools for trading. This will help much for Secure trading. Also first start with low quantity and after experience start full quantity and apply strategies which you learned in demo trading.

The act of buying and selling a financial instrument on the same day, or perhaps several times throughout the day, is known as day trading. Profiting from slight price changes can be a profitable strategy. The first thing to keep in mind is that, while day trading might be a perfectly legitimate employment, it is not always simpler or less demanding than a typical day job. The advantages more closely resemble being your own employer and having complete control over your schedule.

Demo trading is really just good for familiarization of tools and indicators but it wont really be that much effective if you are really that making yourself do learnt up things fully because the thing that you would

really miss out is to how to handle up your emotions.This is a certain thing which you cant really mold up nor enhanced when you do make out demo trading because we know that you would really be that

confident on making trading positions or actions if you do know that you cant lose real money which is entirely different when you are already using up real funds on a live account.
You could eventually tell the difference.

I think using a demo account is optional, I never did it. But if you are not sure to trade directly, using a demo account is necessary. The most important thing that you need to apply is using a small number of funds only if you are still a beginner. Don't be greedy and think you already know everything about crypto trading. Just make sure that you begin the trading journey in a safe way and don't forget to continue learning about trading from many sources. Mastering demo account doesn't mean you finally become a professional trader, you always need to improve your trading knowledge.

Those who want to trade in new but should trade with good idea before trading. If there is no good idea about trade then he is at risk of losing all his money. If want to trade in new condition he should start trading with little money. And those who are eager  If there are traders, it will be better if you trade with ideas from them. If you start trading in this way, you will not lose. And if you trade without understanding anything, then you will lose all your money.

Beginners don't need to rush and that's right it's better to start from a demo account,
Crypto is a big risk and if we don't have basic knowledge and skills of course the opportunity to experience losses is very large,
The most important thing is to focus on continuing to learn

I don't have ideas about using demo account is good way when trading in cryptocurrency trough several years active trading bitcoin or altcoin never I used with demo account, I think what ever kinds between demo account or real account used for trading have different reality. Looks easy how to earn profit using demo account and faced difficulty when using real fund deposit or real account. But to learn about basic trading about deposit way, withdraw and how to buy several altcoin is worth for using demo account.

Not recommended to learn technical or analyze with demo account and deposit small fund is better to try with trading in cryptocurrency, I think need experience begin with trading in cryptocurrency and used real fund money is the best way how make us prepare mentality when trading with bitcoin or altcoin, some time demo account not impact with strong adrenaline when trading on bitcoin or another trading kinds.

Actually, many newbies misunderstand crypto trading, they think crypto trading is simple just buying low and selling high. Even though
trading crypto is not as easy as one might think, that's why more people fail to trade than those who succeed. That's because too many newbies
rush into the crypto world, without any prior preparation. Whereas to be a successful trader requires a long process, we must first learn about
the crypto world, after that we can learn basic trading knowledge and just multiply trading practice. It will be more efficient if we practice trading
using a demo account, so we do not spend money to practice trading. If after practicing with a demo account our trading skills begin to improve,
we can start real trading with small capital and try trading on top coins, so the risk is not too big. Another important thing is never to give up
if we fail, and keep trying to fix every mistake we make. Slowly, we will naturally be able to find a good way of trading, and finally can make
a satisfying profit from crypto trading.

the demo account I think would be good to use for a beginner in getting to know the exchange. know the features and how it works to make a profit. all for exchange-related learning only.
whereas if you want to apply the lessons learned from technical analysis obtained from reading or looking at other references, it would be better to use a real account.
although both provide experience in trading. but indeed the results will be different if you use a real account. it will make us more careful in trying and doing analysis. Of course, it can minimize the risk.

Demo account gives you a glimpse of how the actual trading happens, but it's also true that there's a big difference
when using an actual account.

The emotion is there already when you are using real money, unlike with demo account where you can just place your
entry in your desire position and you are not worrying about whatever market move takes place.

Maybe you will learn the basic, but the right practices are still better to learn when using actual accounts.

Another good trading tips will be investing on top coins in the bear market.Because then every potential coins have been traded in a very cheap price. So it's the proper time for holders to fill up bags with the cheapest price.

My tip.
Do not follow the signals do your own analysis. Always follow the news and trend do not go against the flow. Learn about trading as if you don't learn and trade you are going to lose a lot of money. The most important tip is do not go for the future trading as you don't know how much risky and unethical it can be you are not understanding what is future trade. Make sure to follow the tips as these are the most basic ones.

4. Learn from your own mistake -.

Have this one and you would able to learn up continously and would even more knowledgeable as you do go ahead on making up trades.Accept your errors and mistakes
and try out to patch up and able to avoid if there are similar situations or conditions that you might face ahead.
You would make yourself that sustainable if you are really that having those skills and awareness on what you are dealing with.
Be versatile and dont be greedy.

At the moment it is difficult to give advice on how to trade, because there is no solid basis, that is, there is always a possibility that people feel that they can make a very large investment in a certain currency, and that it will be very safe, but the other day the opposite can happen, everything can go down, and this is something normal, at this time the only thing I could advise is that those who have money and how to buy Bitcoin, well, let them do it, and if they buy And if the price goes down, well, don't take it the wrong way, just know how to wait, because something that the Bitcoin market has taught us is that each jump to a new ATH is from another world.

I think a lot of us have this already because this is easy. Everyone can say that they want to be a trader and start to learn immediately but the hard part is to stay consistent. Many of them didn't continue right after a few days of learning for some reasons.

Basics in trading isn't hard, that is why it's called basic but maybe there are some people who are slow to comprehend things. Before we start, it's already given that trading is full of risk. This is why some can go below even on their set limits. Nothing is always easy in the beginning but things will go smoothly the more you learn and practice. Having a target is good but it should be realistic as too much of it isn't different from being greedy.

Actually not really and certainly with the current conditions we also need to adjust the strategy,
but everyone also has their own decisions and regarding Bitcoin I think everyone knows that Bitcoin is a coin that needs to be doubted,
holding it for a long term investment seems like it would be profitable

you really missed a big opportunity in a bear market just by buying bitcoins?
even though it's not only bitcoin that is able to generate a lot of profit, medium cap or low cap altcoins will also generate profits even higher than Bitcoin,
if the bull market arrives then altcoin coins or tokens can reach 2x or even 100x.

indeed this is the right time if you want to trade on the top coins, because opportunities are always very open and always produce the best, rarely experience things that can be detrimental. but indeed always keep analyzing first as best as possible, and look for things that can indeed increase during a bull market, so what is bought during a bear market will generate profits.
don't speculate with new coins because you can't guarantee even though the profits are very attractive, but the guarantee is very uncertain.

Never allow your emotions to control you. Sell the news and hype. Stick with your analysis and make sure you don't get carried away by your wins. Losses will come so accept that and manage your risk properly

I don't know much about trending but what I can take from here is a lot for me. I think he must have a good understanding of the market to trade. I am very interested in trading so I know that investing in bitcoins can definitely be profitable.

Practice is just the best way to learn trading because while learning trading  their some mistakes we come across to learn from. Without practising I don't think we will be aware of our mistakes.  Practicing gives lots of experience to learn from. As trading is concerned it is impossible to be knowledgeable in trading  without practising. Practicing is the first tip for good trading.

The act of buying and selling a financial instrument on the same day, or perhaps several times throughout the day, is known as day trading. Profiting from slight price changes can be a profitable strategy. The first thing to keep in mind is that, while day trading might be a perfectly legitimate employment, it is not always simpler or less demanding than a typical day job. The advantages more closely resemble being your own employer and having complete control over your schedule.

That's why practice and theory are important because when we only do one thing it will not be optimal,
trade directly without having knowledge of course it is very risky,
what is clear is that if we do both, it will complement each other

In this case i said that if anyone wants to join trading platform so my advice is that first they need alot of knowledge about cryptocurrency and trading procedure.
Anyone want to invest your money so they care his balance because its not clear they gain profit some time a good traders got loss so first they financial stable and second thing is that they collect knowledge about projects they read all important point of project then they invest and keep patient and wait for profit.

Experience is a very good thing, but I think that here what has to be applied is that you should study every day, because in trading you learn every day that is something that cannot be denied, for me in everything I have learned , I still feel that I like it a lot, so much so that I don't even know how to operate with BTCUSD, that is something that seems incredible to me, even though I have read many books, the experience itself is very good, but I think that more ingredients are needed here, If there is a whole terading group, everyone will help each other and analyze every move, just like the Russians do in chess, I think the understanding of the market would be phenomenal.

Eagerness to keep pushing yourself to learn more knowledge that you can use in order to prosper yourself with good numbers of success, it's your own will that will guide you to a better outcome, it's not just trade and go but to experienced different outcome to learn, take the good ones as rewards and the bad ones as learning process, if you find yourself aiming for more, the chance is high for you to make a good success making your own working strategy and keep on adding spice to keep improving your trading skills.

Those who have less dollars or new traders keep trading off now because the market is not in a state of understanding when it will happen. Trading at this time is very risky. loss will be higher than that profit. So keep trading off for a few days and you will get many opportunities of income from this market. Just wait for good time. And if you can't control yourself then you won't be able to survive in this market for long.2-3 trades will be profitable then one wrong trade and all dollars will be gone. so you leaving the trading life. Some people can't control themselves and add dollars again, without learning from their previous mistakes, without learning full trading, they make the same mistake again and leave the market.

It happens with every traders in our life. Only those who learn from their own or others' mistakes can become real professional traders