dummy on Trading

[michellee]

good advice. 

Many new cryptocurrencies are used in transactions. Is it important to study their history or is it enough to check the charts?
Is it better to invest in unknown currencies to start with low risk or to use the BTC/USDT market? Because the rate of change is so intermittent

another question is there are 2 most market, X/USDT and X/BTC
which one is more secure because each of them has their own trader and huge live transaction

is it safe to keep currency for a while like 1 or 3 month or its better to play with it by converting ?

It depends on yourself. If you okay with the fluctuating of the price, you can keep it at the exchanges, and don't converting. But if you have skills, then you can try to trade it so you will have a chance to increase your money. USDT will help you from reducing the value of your cash, while bitcoin price will make you panic if the price is down, so you need to decide, whether you want to hold it in USDT form or bitcoin form.

[imstillthebest]

you said you are new on trading so trading for dummies are the one that suites you the most and dont tell us that you already read them all because trading guides for dummies or for newbies do also compose of long pages that tackles several aspects . you cant also expect a straight to the point strat for trading because they arent free or sometimes not for sale  because traders do also take time to create these strategies . you should also create a strategy for your own self as soon as you arent  a newbie anymore

[Latviand]

Just do not rely on ONE ARTICLE. If you think those charts, indicators in an article compplicates things as a newbie trader, then find another resources that explains well about those tools. You can also rely other tools like youtube for better understanding.
 
 I know it is hard for a newbie to trade when you do not have strong weapon (wisdom) like technical and fundamental analysis. But it takes time and do not rush things. You can still do some trial and error. From that, you will gonna learn something.

You need a lot of information, don't just stick in a single source of knowledge especially that there are a lot of factors that you need to consider or focused on when you engage in trading. Or if you know someone that can give you some tips and advice in trading, you should seek for them for a more practical and easy communication.

There are videos that can help you, not only an article, but visualizing the happenings in the market can really give you realistic idea that you can use in any transactions. You just need to adapt and adjust on the market, apply the things that you've read and acquire by reading those articles.

 

[Ridwan Fauzi]

is it safe to keep currency for a while like 1 or 3 month or its better to play with it by converting ?

It would be safe but most likely you'll never get the profit if I compare when you hold crypto currency like bitcoin.

At least you have a chance to gain profit, moreover with the current market right now almost crypto currency prices are trying to increase.

It would continue for several months ahead, there is some analysis who revealed that crypto currency prices are in the bull run market.

You can check it and do your own research before you try to deposit your money and choose reputable exchange.

[Alert31]

Hello
im new in Trading and just working with binance for exchange BTC to other crypto,
check signal on my way and sell them but i know this is a dummy way,

ALSO about how Trading I have read many articles that have been mostly in vain and have explained general information such as history, charts that are not useful.

im looking for useful info that i can use (like in binance)
any idea to prevent losing my time in between dummy article?

Learn trading slowly because you will not become a trading master automatically. And also ,do trading with your own strategy and continue learning. Also ,always remember in doing trade don't panic if the price go down ,instead be patient and be a risk taker person to avoid loses. Crypto market is volatile and the flactuate of the market is a normal scenario.

[bearexin]

My advice is quite similar to what other people have to say; you should try to follow up with the coins you're trading and don't be in a rush to make money, there is nothing wrong with making little profit. You can be trading and making little profit but as time goes you will be accumulating more and more. Try to read more news from trusted platforms about the coins you're trading.

You can make use of platforms like Cointelegraph to get news and if the coins you're trading are among the top ten, you can be checking out their top ten cryptocurrency analysis, they will really help you to go far. And it would be best if you can learn how to do the technical analysis so that you wouldn't have to rely on anyone to do that for you.

[posi]

Hello
im new in Trading and just working with binance for exchange BTC to other crypto,
check signal on my way and sell them but i know this is a dummy way,

ALSO about how Trading I have read many articles that have been mostly in vain and have explained general information such as history, charts that are not useful.

im looking for useful info that i can use (like in binance)
any idea to prevent losing my time in between dummy article?

You're not a dummy trader since the strategy works for you and you need to understand that knowing the fundamental analysis part of market price prediction is not enough to make you a successful trader because you'll still need to combine the things (news and whales accumulation) that will impact the market price but you need to be sure about the genuine information provided by the news/article site.
In the mean time, what you need to be pro in trading can find on Binance academy page, investopedia TA and FA.

[carlfebz2]

Just do not rely on ONE ARTICLE. If you think those charts, indicators in an article compplicates things as a newbie trader, then find another resources that explains well about those tools. You can also rely other tools like youtube for better understanding.
 
 I know it is hard for a newbie to trade when you do not have strong weapon (wisdom) like technical and fundamental analysis. But it takes time and do not rush things. You can still do some trial and error. From that, you will gonna learn something.

One of common mistakes of people who do just recently jumped into a particular thing on where they do rush things up and when they do found out a single resource and sees that it isnt really that helpful
then they do generalize it all and presuming that others would have the same thing without even thinking to research up for other resource and we know that internet do provide all of things,
it will really just matter if you do put efforts on making up a research.

We do start all from scratch and it is really a wrong mindset for a person to think of that they can learn everything overnight and make quick bucks.

[Blue_oxen]

Just do not rely on ONE ARTICLE. If you think those charts, indicators in an article compplicates things as a newbie trader, then find another resources that explains well about those tools. You can also rely other tools like youtube for better understanding.
 
 I know it is hard for a newbie to trade when you do not have strong weapon (wisdom) like technical and fundamental analysis. But it takes time and do not rush things. You can still do some trial and error. From that, you will gonna learn something.

One of common mistakes of people who do just recently jumped into a particular thing on where they do rush things up and when they do found out a single resource and sees that it isnt really that helpful
then they do generalize it all and presuming that others would have the same thing without even thinking to research up for other resource and we know that internet do provide all of things,
it will really just matter if you do put efforts on making up a research.

We do start all from scratch and it is really a wrong mindset for a person to think of that they can learn everything overnight and make quick bucks.

True! You can't expect anything good to come to you without putting effort to gain it. Doing research is extremely critical in this cryptocurrency world! There are no completely trusted sources of information. Considering different sources of information to confirm the intel that you have collected! Besides, equipping yourself with fundamental knowledge, learning techniques, and skills are also important to be a good trader!

[MCobian]

I understand you are new in the world of trading, so the articles you read, you consider to be dummy on trading. Though not all articles
about trading is bad, you might follow trading signals in several articles without analyzing. Because we cannot follow other people's signals
directly, we must analyze all the signals we get. So we understand which signal is accurate and when we can follow that signal. Because
cryptocurrency trading is a high-risk activity, be careful following the trading signal in the article. Always do research and analysis to filter
the information we get from an article.