Any experienced traders here? what're the best tips you can give to newbies?

[jonathan6655321]

Any experienced traders here? what're the best 5 tips you can give to newbies?
 

[KEPLER99]

Any experienced traders here? what're the best 5 tips you can give to newbies?
 

I will suggest to newbie spending daily some time here in this forum so that you will be able to learn all the required things in less time. As much time you give to bitcoin forum and post daily to increase the activities your rank will go up and you will earn handsome money.

You can also join bounty campaign and post on social media to increase your earnings. But time is mandatory for all things.

[mk4]

Literally almost everyday someone posts the same question here and in the Trading Discussion forum. Make it a habit of browsing the forums and reading first before asking questions.

Any Crypto Trading Tips from some experts out there? https://bitcointalk.org/index.php?topic=1641231.0
Trading Tips On Day Trading and Shorts? https://bitcointalk.org/index.php?topic=1978971.0
Basic trading tips https://bitcointalk.org/index.php?topic=1285443.20
Best trading tips, make money with altcoin trading guaranteed https://bitcointalk.org/index.php?topic=572837.0

[splat44]

Yes, for newbies you should browse more on Technical Analysis, or if you are just an investors you should stick on fundamental analysis.you can read more articles on what coins you want to invest. be careful on what you will invest the best time to buy bitcoin when the price is dip and buy more cryptocurrencies when the market is bleeding. just buy low and sell high.

[baronious]

I would advise you to just hodl.  The majority of the people who get into trading end up losing. 

[shark69]

you better find information about bitcoin in this sub forum. Or search for information on wikipedia for the initial stage. Because if talking about bitcoin will be very long discussion.

[countryfree]

Any experienced traders here? what're the best 5 tips you can give to newbies?
 

I'm trading everyday on Bitfinex, Kraken and Poloniex, with about 20 orders at all times.
I have 3 good tips to give you.

1/Don't dream.
2/Don't listen to what anyone will tell you.
3/Get lost!

I made mistakes in the beginning, but I've learned a lot by trading for a long time. Do you really think I'm willing to share all my knowledge with a newbie like you? There's no market where everybody is a winner. Experienced traders make money because there are inexperienced traders making wrong bets. Success is never shared. Stocks or cryptos, success is built on other people's failures...

EDIT : sorry if I appear rude, but people know that money doesn't grow on trees, they shall also know that BTC are hard to earn.

[cryp24x]

Read read read and read.  You must keep yourself well informed, research and don't get too excited.  Try to look at both end, and weigh them.  Aside from that, you should learn the basic of trading and start with little capital.  Do not listen to any FUD without doing your own research.  Buy when everyone is panic selling and sell when everyone is FOMO-ing.

[xaxistech]

There are no secrets for trading, it is so easy if you had previous knowledge in forex or stock's markets, but if you are looking to start trading without any knowledge, then you are going to loss all your funds quickly, and this happens everytime, because i am always checking the Trading section on this forum, and this is very common among newbie users.
So better go to ebay or amazon, and buy a guide for twenty bucks, this will probably teach you a lot.

[geac.xraekhurcoe]

Newbies needs a lot of simulation to gain experience without losing all his precious money, look for platforms where you can trade with "fictional" money to gain some experience and trade for real with very very very low values. For bigger values don't trade, just buy some "Blue chip" like Bitcoin and HODL it like forever. If you are not going to be a professional trader, don't trade just HODL!

Keep in mind that 99.9999% of very very experience traders lose completely all his money at stake, and almost all trading firms has closed or are closing, so a Newbie will be really challenged to the maximum.

[annbagira]

Any experienced traders here? what're the best 5 tips you can give to newbies?
 

I'm trading everyday on Bitfinex, Kraken and Poloniex, with about 20 orders at all times.
I have 3 good tips to give you.

1/Don't dream.
2/Don't listen to what anyone will tell you.
3/Go f*ck yourself.

I made mistakes in the beginning, but I've learned a lot by trading for a long time. Do you really think I'm willing to share all my knowledge with a newbie like you? There's no market where everybody is a winner. Experienced traders make money because there are inexperienced traders making wrong bets. Success is never shared. Stocks or cryptos, success is built on other people's failures...

EDIT : sorry if I appear rude, but people know that money doesn't grow on trees, they shall also know that BTC are hard to earn.

Hello! This is a very clear position! I'm also a beginner, I just start all this with the help of bounty and read this forum! Once I was offended by my best friend, who rejected all my requests to teach me everything he knows. But now it helps me more, It was super life lesson because I have to say thank you, because it help me much more!

[annbagira]

Hello author! You know here is like a jungle but and here you can meet some great people with great heart! I can give you strange advice yes we are in jungle but we are humans all! Don't be naive and don't dream a lot ! Be wise and think twice before make any steps! Read a lot of messages here on this forum from the people here and try to participate in any bounty it can help to you understand much more what here really is going on.

[squatz1]

I would advise you to just hodl.  The majority of the people who get into trading end up losing. 

This is the only piece of advice that's going to help you.

Don't try to be one of the traders that buys and sells on the daily, buy slowly, every day, week, month, etc. And slowly accumulate the coins that you have, when you feel like you've profited enough just go ahead and sell what you've made from this. Which should be a pretty penny, given that the coins have increased in value throughout this time.

So LONG TERM DUDE.

[gotit]

I'm not an experienced trader, but I've learned few things:

1. Don't trade with money you can't afford to lose.
2. Discipline, discipline, discipline.
3. Stop loss limits! You must set them, and execute them. In other words, take calculated risks.

4. The markets are manipulated. Know your place! Know the players.
5. Technical analysis will only get you so far. (See #4) That said,
6. Learn the tools to analyze charts. Learn about volume profiles.
7. Do your research. Vision and anticipation are way more valuable than technical analysis.
8. Start small.

[Frank0209]

I'm sure that you will receive a lot of advises and you will not know what is better so it'll make you confused. I think you should learn how to start trading yourself and don't forget to read the news about cryptocurrency everyday if you wanna join trading cause it affect a lot to coin price. Beside you should choose some good exchanges to trade but stay away Yobit, it's the worst exchange ever.

[Soutogu]

Im by no means an expert, but try to trade rationally and dont let your emotions take control of your actions. Its also good to know when you should cut your losses and when you should ride it out and wait for a good return

[Demure178]

dont put all your eggs in one basket, buy different alts coins and dont listen to troll box, most troll box are dump and pump group

[Melquart]

Any experienced traders here? what're the best 5 tips you can give to newbies?
 

Why asking instead of learning by yourself. There are any trading threads in the forum and you can find whatever you want.
I advise you to not believe everything you hear from random people. Do your own search.

[jirene21]

Any experienced traders here? what're the best 5 tips you can give to newbies?
 

I would suggest read the Beginner's & Help