Trading beginner tips!(
Brought to you by Licensium & Trusted Nodes team members https://bitcointalk.org/index.php?topic=2129844.0)
1. Regularly read Bitcointalk forum
2. Check coinmarketcap.com for current real coin values
3. Check coinmarketcap.com history of coin you are interested in
4. Check the ANN thread of the coin on Bitcointalk
5. Many coins have their own blogs/ forums you need to follow to be up to date
6. At start choose coins that are already established and stable
7. Make yourself a portfolio of 3 - 5 coins for start
8. Do not jump in ongoing coin pumps, you never know when it will dump.
9. Make yourself a strategy for coins you will long term invest and maybe 2
gamble coins that are more risky but offer higher profit.
10.
I recommend starting with Bittrex I cannot recommend Bittrex anymore because they need to verify your IDENTITY in order to let you withdraw BTC and alt coins.
11. Do not instantly sell your coins if they dumb instantly for no obvious reason ( research why)
12. At the beginning its better to aim for small profits like 5% - 10% +
13. Always keep some BTC to react when needed (buy)
14. Start slowly, take your time. 2 month in research and observation is recommended.
15. Always reinvest a share of your profit in your favorite coins and use a share of profit to gamble
16. Do not jump instant in new coins with big investment. If it looks promising to you start low and follow the progress.
17. If you advance and make good experience you could start to invest in icos, but watch out lots of scam around.
18. Pull out some % in USD from your profit from time to time.
19. Control your emotions when the prices is going up or down.
* Additional Tips from community members:
20. Never be emotional in your trading. Be objective! (thx to @Investor for the tip)
21. I also advice that when you already developed a good trading strategy, you stick into it and keep your discipline (thx to bamboylee for this tip)
Good luck!
Would appreciate to add more tips to the list to give some valued info to beginners!Thanks dear. Good topic and it really helpful for the beginner like me. Trading is my hobby and this discussion help me to start trading. Thanks again I hope we will get more information from you.
Show Posts
Got in Licensium's Slack and following the project via Twitter !
And did you fill out the bounty application? ( I cannot check it manually atm)
