Trading Safely

[Dido.el]

🚦Here is a list of tips and advice to succeed in cryptocurrency trading:

•  Learn about Bitcoin and blockchain technology

•  Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.

•  Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.

•  Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.

•  Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.

•  Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.

•  Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.

•  Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.

•  Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.

[1714937400]

1714937400

[949miner]

This is a very good list of tips for newbies, and all those who are just starting to do altcoin trading should read this kind of posts, because it is true that a lot of newbies are losing their funds because of common mistakes that they are repeating all over the time.
I made one of those mistakes when i was a newbie too, but i had luck because i did not lost more than $50 because of those mistakes.
Nice tips mate.

[Dido.el]

This is a very good list of tips for newbies, and all those who are just starting to do altcoin trading should read this kind of posts, because it is true that a lot of newbies are losing their funds because of common mistakes that they are repeating all over the time.
I made one of those mistakes when i was a newbie too, but i had luck because i did not lost more than $50 because of those mistakes.
Nice tips mate.

only 50$ lucky you 
The only real mistake is the one from which we learn nothing.....
we all have to make mistakes, learn from them and improve our skills but i hope that will help to reduce damages at least

[Nerman]

🚦Here is a list of tips and advice to succeed in cryptocurrency trading:

•  Learn about Bitcoin and blockchain technology

•  Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.

•  Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.

•  Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.

•  Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.

•  Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.

•  Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.

•  Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.

•  Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.

Great tips specially for new traders.

Still remember  that in all trades there is still a risk even how great the odds are in your favor. In trading you will have a winning trades but surely you will have a losing trade. Learn what are the mistakes you have done on the losing trade and try to study what happened  on the winning trade.

Experience is the best teacher but with these type of advice you will able to at least be safer when doing a trade. 

[Dido.el]

🚦Here is a list of tips and advice to succeed in cryptocurrency trading:

•  Learn about Bitcoin and blockchain technology

•  Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.

•  Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.

•  Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.

•  Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.

•  Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.

•  Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.

•  Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.

•  Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.

Great tips specially for new traders.

Still remember  that in all trades there is still a risk even how great the odds are in your favor. In trading you will have a winning trades but surely you will have a losing trade. Learn what are the mistakes you have done on the losing trade and try to study what happened  on the winning trade.

Experience is the best teacher but with these type of advice you will able to at least be safer when doing a trade. 

Exactelly , you have always to invest what you can afford to lose

[Landagert]

🚦Here is a list of tips and advice to succeed in cryptocurrency trading:

•  Learn about Bitcoin and blockchain technology

•  Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.

•  Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.

•  Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.

•  Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.

•  Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.

•  Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.

•  Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.

•  Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.

An excellent list, keeping track of our trade is very important. it will be a catastrophe if we didn't even realized that we are making a loss

[zombganteng69]

🚦Here is a list of tips and advice to succeed in cryptocurrency trading:

•  Learn about Bitcoin and blockchain technology

•  Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.

•  Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.

•  Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.

•  Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.

•  Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.

•  Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.

•  Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.

•  Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.

nice info sure

[Kemarit]

🚦Here is a list of tips and advice to succeed in cryptocurrency trading:

•  Learn about Bitcoin and blockchain technology

•  Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.

•  Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.

•  Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.

•  Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.

•  Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.

•  Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.

•  Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.

•  Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.

This is too much to digest for a newbie trader although there are not tips in here. In summary, you need to invest a lot of time and money if you want to be a successful trader. No shortcuts and completely focus on your activity. You should only have a good entry and exit strategy method so that at least you can a good chance to not lose your investments in short run, mitigating your the risk, as what they call it. The technical analysis will just come normally as you become more experienced. Throw your emotions, it has no room for traders here. And lastly, you should only trade money what you can afford to lose.

[Dido.el]

🚦Here is a list of tips and advice to succeed in cryptocurrency trading:

•  Learn about Bitcoin and blockchain technology

•  Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.

•  Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.

•  Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.

•  Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.

•  Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.

•  Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.

•  Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.

•  Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.

This is too much to digest for a newbie trader although there are not tips in here. In summary, you need to invest a lot of time and money if you want to be a successful trader. No shortcuts and completely focus on your activity. You should only have a good entry and exit strategy method so that at least you can a good chance to not lose your investments in short run, mitigating your the risk, as what they call it. The technical analysis will just come normally as you become more experienced. Throw your emotions, it has no room for traders here. And lastly, you should only trade money what you can afford to lose.

Totally right with you but every one can at least use 3 or 4 advices so he can avoid loosing money to learn it

[gadimbrut]

this is very important information for beginner trading, so we can reduce the risk of loss if melakuakan like in this trade. thanks for the information.

[Hui8]

Okay basically you want to say that just learn and  learn more about the bitcoin and trading ways. Yeah that's true while we step into this world of hardship where you can be rich in one movement or everything can get snatched up right infront if your eyes and you can't do anything about it. Yup, that happens many times if we don't care much about the learnings and tricks and small tips. We should be always alert about the trades because it's serious matter of money and a place where you have to be coca*** alert. We must limit our investment if we are loosing the money quickly. Because that's the thing which should tell you it's not right trade. And much more to discuss about it. Good topic and tips. Makes the trading more effective.

[xFiber]

I find you're title 'Trading Safely' pretty ironic, because it's a very big contradicition. Trading is probably as risky as it gets (compared to other forms of investing capital). Okay I admit that there are some ways to make trades with less risks (all the points you listed contribute to hat) but overall there's still risk involved to a certain extent. I'm not saying trading is bad in any way, it's can be quite dangerous stepping in the space without knowledge and with money you can't afford to lose. High risks, high returns.

[Rana590]

Very informative news. Investment or trading are both risky to earn money. New trader needs proper guidelines. From your information, a trader can find good information and knowledge about trade. Really a great job.

[palle11]

Op is quite right in some of the points he raised to a successful trading. Basically to me , trading gradually is a key. I mean, one don't need to be greedy in trade. Enter a trade with small lots size so that when the market turns around, you won't be too hasty to jump out before the market goes your direction. Remember the market is bound to go either ways- up and down. 

[nydiacaskey01]

-snip-

You can also consider, aside from setting achievable goals, one must learn how to stick with their goal and stick with their plan. When they feel that price may surpass their target, they would change their goal slightly higher and then something bad happen, price dropped and profits scaled down to zero.

Another is don't trade with your profits. You may set aside a certain percentage of your profits but make sure you set aside those some of your profits so if shit hits the fan, you didn't lose everything, just your capital. Profits still intact.

[Rebellious]

Nice list, people should read it more often 

[crazycatwoman03]

Op is quite right in some of the points he raised to a successful trading. Basically to me , trading gradually is a key. I mean, one don't need to be greedy in trade. Enter a trade with small lots size so that when the market turns around, you won't be too hasty to jump out before the market goes your direction. Remember the market is bound to go either ways- up and down. 

I agree with that but just like what OP said there are people who would have high expectations when it comes to trading  even if they have just started.  They expect to earn big the first time they  trade even  if they know that there skills and knowledge in trading is not enough.  Trading  is a continuous learning of different points in the market and learning from experiences is the best way to understand the market more. 

It is very important to understand the market as well as to trade  safely. Every time we trade,  we must consider that there is a chance that our money could be taken away from us.

[sarah7912]

🚦Here is a list of tips and advice to succeed in cryptocurrency trading:

•  Learn about Bitcoin and blockchain technology

•  Learn technical analysis and use candlesticks – You need to learn technical analysis and use candlestick charts because it contains much more information than line diagrams.

•  Use a trading journal – Write down all your orders, check your statistics and evaluate your trading strategies.

•  Learn from your mistakes – All traders make mistakes, but it’s better to make mistakes in the beginning when your capital is less. Learn from your mistakes, you paid for them.

•  Ignore untrustworthy sources – Many fake news and cryptocurrency scams try to fool other people through “pump and dump”.

•  Have achievable goals with a reasonable time horizon – Many who start trading have too high expectations.

•  Protect profits and limit losses – A tip is to start with lock-in winnings and always use a stop loss. You need to be consistent as a trader.

•  Learn the correlation between cryptocurrencies – There are clear correlations between Bitcoin and different cryptocurrencies. This can give you an advantage when trading cryptocurrency.

•  Don’t risk too much in the beginning – Start slowly but surely and improve your trading every day.

Totally agree with that and thanks for sharing But using a stop loss for my own experience make me loss more than profit because many time he juste touch my SL and go ahead for that I choose for my trading remove the SL but put in your mindto be success with this you should have a good capital and minimum risk

[richardsNY]

Noobs are noobs for a reason, and that's why regardless of the trading tips people provide them, they will still let their emotions get the better of them in case the market corrects heavily. Some people simply aren't made for trading to begin with, so no matter how much information they read/browse through, it won't help them at all. People learn from diving straight into trading and from there learn from each and every mistake that ends up in them losing money. The only thing I do agree with is that people should understand what Bitcoin is, and what motives various entities may have when it comes to manipulation, the fud that comes with it, etc. Bitcoin understanding is a must from my point of view, understanding of trading will follow afterwards.

[Choosewise]

Also, don't keep the money you don't plan to trade on exchanges. Exchanges keep getting hacked or seized, yet people keep doing the same thing