Difficulties (ups and downs) faced in trading?

[suzanne5223]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Trading profitably is hard this days if the crypto currency trader is yet to have the experience needed but the only way i knew that a new trader could avoid loosing in this current market is using trading bot, setting a market price alert app .

[posi]

Things a new cryptocurrency trader ought to focus on are many but a gradual process. First are planning the technical and fundamebtal analysis while he invest long existing and the most profitable coins for the 7months cause things have change after the market correction.

[aencarnaci]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

It is always hard to cash out to fiat currency when it is too much.
When you need to send money somewhere no one asks you why you sent money however when you get more money back or even similar money than banks or government start to ask where you found the money, which makes it really hard to explain if they do not know what bitcoin is.

Trading to fiat is the hardest thing but if you mean daily trading than finding a place that offers too many coins so you can diversify is hard, it is easier these days but I still fail to find coins that are smaller in many exchanges. I tend to invest into smaller newer coins and they are not listed in some exchanges.

[Mr.Blue[NMC]]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Well, the first and most important advice would be portfolio diversification, don`t put your eggs in one basket, split your portfolio in 3 so you have 1/3 for long term investing, 1/3 for medium term or swing trading and the last 1/3 for short term investment  or margin scalping, And another one would be STUDY, never stop, look for knowledge. Oh, and be cool with losing money, it is an intrinsic part of trading.

[Knabu]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Getting rid of the emotions that can ruin your trades and learning atleast the very basics of technical analysis. First one being the hardest one to get rid off, and therefore also the most important. Just like in sports, you shouldn't jump straight into the big leagues before you're confident you can play the game, same thing with trading. You need to develop yourself as a trader before you start throwing money into exchanges, learn to trust your own analysis.

Start with paper trading.

Analyze coins & tokens of your choosing and when you're confident it'll go up/down, make a note for yourself saying that "Went long/short at xxxx-price" and see how the trade goes. If trade goes south, analyze what went wrong and reassess your strategy and try again. If you exited at profit, congratulations and keep up the good work.

Practice before you try anything, no need to lose money while starting your journey.

[KingdomHearts]

The current difficult ups and downs that I face dealing with is choosing the wrong coin of poor quality, coin of poor quality will be the coin that causes us to decline can only in the short term the price of copper coins will recover.

Yes, these is ups and downs in the market price of some crypto coins in which the first one is Bitcoin and then next are Ethereum Litecoin and few more but you will see more unstable prices of Bitcoin and Ethereum as these two are also favorable for long term so one can sell for profit whenever he feels that he is in profit. In low market you can handle it by buying more and in high market is the market of those who want to sell for profit.

[msmin]

The only thing that you need to do in a tough market is NOT to lose money, so if you do that you will not like it when everything goes back and you miss the shot. Break up to get to the moon.

In order to avoind losing money one needs to calculate proper risks and set trading targets, I think

[wayancrypto]

If you to do day trading is will be get difficult in which price to buy and sell and also will consuming much times because you will do transaction by many times. But if you do swing trading , this is will be more easy, because we can see history the price in daily chart which price become support and resistance. Swing trading will be more easy and less consuming times and can be promising higher profit in bull market.

[rickadone]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Trading profitably is hard this days if the crypto currency trader is yet to have the experience needed but the only way i knew that a new trader could avoid loosing in this current market is using trading bot, setting a market price alert app .

Trading profitably at any point is not hard as long as you know what you are doing. Normally, if the market is bearish and you are not out of it, it is always better not to expect so much profit from trading and stick with a very good principle based on percentage unless the market shows a possible uptrend.

Trading bot will not be the solution to your problem if you certainly do not have a very good strategy, but the good thing with bot is that, it certainly does not have any emotion, and can only do what you ask it to carry out without a thought.

[bohr]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

The most difficult thing for a trader to accept is that he is not perfect and that he is going to lose a lot of money and trades in his career, it seems that many people have the mistaken idea that in order to be a professional trader you are never going to lose a single trade but that is not true, you're going to lose many trades but as long as you win more trades and the profits of each trade are bigger than the losses then you will become successful.

[aencarnaci]

the first and most important advice would be portfolio diversification, don`t put your eggs in one basket, split your portfolio in 3 so you have 1/3 for long term investing, 1/3 for medium term or swing trading and the last 1/3 for short term investment  or margin scalping

Ups and downs will always be a normal thing in every market and there is no way anyone can absolutely avoid it. As it is, the best thing to always do is to know where you are buying any market and when you are selling, if you want to take advantage of those fluctuations. It is not only about diversifying, but where you are diversifying into, how you are going about the decision making process when it comes to buying into a market and so many other things, is what is necessary to always take note of.

these is ups and downs in the market price of some crypto coins in which the first one is Bitcoin and then next are Ethereum Litecoin and few more but you will see more unstable prices of Bitcoin and Ethereum as these two are also favorable for long term so one can sell for profit whenever he feels that he is in profit.

Market fluctuations are a normal part of a market and it is these fluctuations that traders take advantage of every day. Now I would not say this should be a difficulty as no one wants to trade a stable market anyway and it is the volatility that makes the trade even more interesting, but as long as you have the knowledge to always make best market decisions, difficulties when it comes to trading should never be a thing at all for such a person. The reason a lot of people face difficulties is because they want to trade but refused to learn.

[likerseld]

Things a new cryptocurrency trader ought to focus on are many but a gradual process. First are planning the technical and fundamebtal analysis while he invest long existing and the most profitable coins for the 7months cause things have change after the market correction.

The ups and downs in trading is actually what every trader is trading on and without such level of volatility, obviously there will be nothing to trade at all.

As long as you have the knowledge to pull off a successful trade, you have a solid strategy you can make use of at any point in time, and you stick with it confidently, anyone can trade any market at any point, even though you will always have to change selling strategy when it comes to a downtrend market.