Trading Safely

[Cactushrt]

Thak you for this tips it's really a big help especially to those newbies trying to learn about trading best part is staying don't invest what you can't afford to lose

[1715664439]

1715664439

[1715664439]

1715664439

[ajiejot]

Wow. Thank you very much on this very informative tips and advice. I can apply this on my trading life, specially the "Learn from your mistakes". I have very lot of mistakes since I started in trading, I'm very disappointed those days but now I learned and I may apply those learning for my future in trading.

[777Bitcoin]

🚦Here is a list of tips and advice to succeed in cryptocurrency e you an advantage when trading cryptocurrency.

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

I think any investments it’s either Crypto(bitcoin/altcoin) or stock market (fiat) this simple tip has more impact than the others mentioned. We though sometimes that going big at the start will put as on the edge of profiting more but the reality is it has more risk 1000 times as you are a newbie in this field. Hope anyone would understand what the thread starter want us to learn. Be patient.

[Jack353]

This is a very solid list of tips for newbies, and all those who are just beginning their trading careers. It is true that a lot of newbies are losing their funds because of common mistakes are repeated continuously.

Great jab and good luck! 

[Indrawan77]

It is a great list, to start trade you need to be patience and you cant guess everything 100% correct, so dont trade with 100% of your fund and the most impotant is to find a good source of information dont do any panic sell, keep your head cool and always make consideration before trading

[Idrisu]

🚦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.

Thank you op for this useful tips and I hope some newbies in trades has learned something significant on this thread. One more addition I will like to make on candlestick is for you to develop your skills and knowledge on how to interpret there formation in a professional ways. Candlestick formation or pattern has all the information you can get from any were about the assets you are trading. If you are looking for something like insiders secret about the assets you are trading then candlestick is the best option for you. You should spend a lot of time and money to develop your skills on it as this is what professionals traders do and most of the bots are configured to place a trader based on the signal from candlestick formations.

[daKotajayl@12]

🚦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.

really thank you friend up to now i have no full clarity about trading but you said this tips know to day onwards to i have to follow. seriously who don't no about this trading that kind of people seen it once really they keep interest on trading of bit coins. so it is one of the good and easiest way to earning bit coins easily. to day to i have to follow this tips in my trading.

[dameh2100]

🚦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 especially for beginners, but I just added that you also need to control emotion when it comes to trading. You need to analyze how not to be greedy and not to be fearful. And always remember, no matter how competitive trading there is time to lose

[Misshi]

That was a very good tips for those who just started trading. At first it is very hard to cope up because of the risk and the prices are very volatile. But before you start to learn trading, start first in yourself. See to it your emotions are intact. Learn how to be calm to avoid getting carried away when there's a FUD news.

[paranormall]

🚦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.

the list is useful of course, it will help a lot). If there is a head on the shoulders, then you can not lose anything, but as they say on their mistakes it is easier to learn, there is something wrong, everyone makes mistakes, the main thing is that they learn the same

[Capeshifter]

make sure the exchange is valid as well. That they send the payout within a reasonable amount of time and that they do their KYC process thoroughly (a high likelyhood of an exchange closing down, is if they don't follow such KYC procedures). Other things to note: see if can short-sell, if there are stop-loss orders and if you can trade with leverage. The more options the better you'll be off as you advance in the trading community

[SirLancelot]

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

Dollar 50 should not cause some real trouble and it is good to learn lifetime lesson at cheap rates. Success is basically a long story of failure. You don't achieve your goals and desires without losing. This is how life works. Humans are made to make mistakes so it would be weird if someone claims to be flawless.

Keep on learning and never stop improving yourself. One day, trading will become the blood that runs in through your veins.

[Turkiwi]

technical indicators is by far the most important thing "you have to learn" before you start trading. There are already a ton of information online about FX trading (FIAT) which is a very good place to start if you want to get involved in crypto trading. Crypto trading is so much more volatile and it doesn't necessarily follow always the patterns of traditional FX traders, even though the underlying basics are the same. To be safe, make sure to ask questions on trader's channels and talk with other people about their opinion (current direction of the market/price), you might have missed something that someone else has looked into and that can save you a ton of money if you get in on it. In general, keep your view open to new changes and always read the news and developments in the crypto space

[matchi2011]

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

Dollar 50 should not cause some real trouble and it is good to learn lifetime lesson at cheap rates. Success is basically a long story of failure. You don't achieve your goals and desires without losing. This is how life works. Humans are made to make mistakes so it would be weird if someone claims to be flawless.

Keep on learning and never stop improving yourself. One day, trading will become the blood that runs in through your veins.

Lol i'd happily lose 50$ while starting trading then continie improving from there. The list op gave is pretty helpful for starters though of course nothing beats experience. Take all those things into consideration and practice trading. And 50$ is a good amount to start with since like wgat happened to you, it won't hurt that much if you make mistakes and lose money

[Caladonian]

if this pattern can be applied chances to be more successful with your trade will follow, i think basic information and those who really affecting the movement are really needed to be well studied, trading is different from guessing as we do have lots of factors which affecting the current moves,
the more you understand the more advantage you have before you place your entry.

[elyas772]

accept the consistent  trader. ya i only put some % of profit every i trade, and about fake news for pump and dump i always follow it with low capital and take the chance before price pumped, sometime i loss too