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Author Topic: Newbies that has interest in trading!  (Read 974 times)
futile-resistance
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May 04, 2019, 09:56:20 AM
 #161

Which exchange would you recommend to a newbie trader? I've found a couple of them like Binance, Kucoin, Mpcx (under constraction), Binance etc.

Hi, I'm also a newbie and I've chosen CoinDeal. It's quite new and to me - it has a really nice platform. CoinDeal supports a large number of cryptocurrencies along with fiat pairs and this number is still increasing. It is slowly becoming one of the largest cryptocurrency exchanges globally.
I started from Bitcoin and had some bad experience in the start but then things started getting better and better. I think that platform also matters and this is the reason I have been a user of Binance and Bittrex. They are good exchanges for trading and buying Bitcoin. If you want to have a good return in crypto trading, you need to be well versed with the great things in the market. Do not fear to learn about what you do not know.
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May 04, 2019, 10:15:24 AM
 #162

Trading will be very challenging work in crypto, it needs deep understanding with the market as well as we know how to control our emotions.
All of us can be a trader but we also accept that not all of us will become successful. A lot of factors which will make us not to succeed, either we don't have a plan or having an attitude problem.

Not only that, you also need to capital and lots of time to spend in order to become a successful trader. So if you are impatient and not willing to go like 12 hours a day in the beginning to learn and educate yourself then I would say that crypto trading is not for you.

And that is the problem with most newbies, they really though that trading is an easy thing to do and gets disappointment because they are not willing to spend time here and just wanted to get rich quick.
Trading is not easy for sure but it is not impossible to become a good trader, if you will gain knowledge before you get in then there is no risk for you and even being new you will be able to make profit, at first new traders should try to trade for long term so they will get chance to earn and learn at the same time, trading is just about knowledge and patience.
Nothing is impossible in this world until and unless we really have no faith in us. There is always a lot of things which would make us good in almost anything. Don't forget all pro-traders start from nothing and end up having lot of savings into their accounts. New traders should just remember to be patient and they will for sure have good profits out. Patience is the main key to success in at least trading.

Trading is nothing difficult but just should needs to be handled much carefully and patiently. Also Long term trades have lower risks than short term trading so new peoples should always start with long term trading where they will get most to learn.
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May 04, 2019, 11:56:47 PM
 #163

Quite useful resources for both beginners and experienced traders, it is important to always follow certain rules in the asset markets and not be greedy, small interest over time give a big profit!
Traders have to follow all the limits that you’ve set during your analysis level, and when executing the order you must not panic and stay focus. Trading is a great challenge for the newbies, and you must do everything to learn. Great tips and can be helpful if the newbies are serious in trading, i also start from zero knowledge but since I want to become a trader then I tried to work hard until I succeed and gain some experience.

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May 06, 2019, 10:10:44 AM
 #164

Since we are all here to learn things about cryptocurrencies and to share ideas with each other on a way to increase our knowledge and revenues on how cryptocurrencies market work and how to make money from it, I think it is very important we understand some basic things about how the cryptocurrencies market works and where and how to rendering services for money,  selling products and trading coins in an exchange platforms as a newbies in this forum.
Of a truth I am among those that becomes rich through investing in cryptocurrencies in 2017 and I keep appreciate the ideas behind the whole things.  Having been trading forex,  commodities and stocks it was easy for me to diversified into cryptocurrencies trading and that is because I know how to interpret candlesticks formation and chart pattern and I learned all this without paying a dime from the followingsites : https://www.forexpeacearmy.com, https://forums.babypips.com, http://pumperspicks.com/ultimate-altcoin-buying-strategy/
The only way to make money from internet and cryptocurrency in particular is to become skillfull in an area and if you want to be skillful in trading I will advices you to visit all this sites to learn the secret on how trading work as a newbies and form your own strategies.  Remember to demo trade first before putting really money.  I wish you join us at the top! 
You were lucky, 2017 was a year that a lot of people I know had to quit from cryptocurrency cause they couldn't keep up with it. It wasn't everyone that was lucky,  there were lots of challenges then, challenges coming from the media, high fees of transactions and a lot more of them.

There are even people that mistakenly started buying when the price was at the peak, cause they thought that it was going to continue increasing in price but unfortunately for them it didn't.

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May 07, 2019, 04:36:07 PM
 #165

Trading is not easy for sure but it is not impossible to become a good trader, if you will gain knowledge before you get in then there is no risk for you and even being new you will be able to make profit, at first new traders should try to trade for long term so they will get chance to earn and learn at the same time, trading is just about knowledge and patience.
There is always a risk when you trade, even if you are not using money and you are only making some trades in paper there is a risk that the sample in which you are basing your trading strategy has some bias and in fact your strategy does not work at all under real market conditions, there is also the risk of developing bad habits that will eventually translate in less profits or in losses when performed in the market.

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