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Koro-Sensei
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January 20, 2018, 05:11:27 AM |
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As a regular user you should acquire the basic technics to identify a good coin. Pick at least one or two trading platform to begin with and look for the trading platform that is reputable and secured enough that hackers find ot hard to hack or crack. |
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Boristhecat
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January 20, 2018, 05:14:05 AM |
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I'm against trading even for experienced market participants. Let trading (based on the desire to speculate) bring you one-off profits, but on a scale of several years you can only make money on investments.
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TGD
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January 20, 2018, 05:24:05 AM |
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You should spend a long time observing the market to understand how it's going before investing a real money. Everybody here will promote coins he's holding.
Try to do your search and have your own decision.
Yes, this is the simple truth. Don't ever fall for the hype, the people who tell you that coins are going to make 10X rise they lie, possible because they want to sell to you (and others like your) their inflated coins. Nor fall for the FUD. Wait a while before starting to trade, just watch and try to learn. Definitely. Just feed yourself some knowledge that you can use so you can make profit and avoid losses as trading is meant to gain and not to lose. Being a newbie without any idea nor knowledge is just like going to battle without any bullets on your gun. this is true then and so you must be aware then be ready all the time what the thing that you may regret for is that you are in that battle and you may have some opportunity but it may seem that you may not ready then it may loose that opportunity for so better to be ready like here that you wanted to go in trading. |
Don't mind me | Just checking out here for Duelbits Promotion | Bitcoin 1M | Duelbits no 1 |
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Bitcoincole
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January 20, 2018, 05:25:32 AM |
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I'm against trading even for experienced market participants. Let trading (based on the desire to speculate) bring you one-off profits, but on a scale of several years you can only make money on investments.
Well, all in this forum have several experienced and they tried over many transaction. In addressing to our subject creator i can relate that he or she needs our opinion, recommendation or suggestion. As i can suggest to you about in your coin you should study the graph or the flow of your coin to make you decide and of course patience is the best because every coin has it's day to gain profit. |
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tweetbit
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January 20, 2018, 05:32:30 AM
Last edit: January 21, 2018, 09:49:28 AM by tweetbit |
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We all started as newbie and all of us do. But to be a fast learner or an observant is an altitude that matters, so take time to learn things before doing such risk and research doesn’t hard but so handy because of technology then only laziness will be the hindrance. Trading is easy if you have acquired the strategy that fits your ideal way of winning.
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HODL
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CryptosapienZA
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January 20, 2018, 05:47:10 AM |
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Newbies should stay as far away from trading as possible. In fact i think 99% of traders need to stay away from trading at all. Trading is not for most people that do it. That is why 90% end up losing their money. Learn the tricks of the trade first, the observe and observe..
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vtrx
Newbie
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Activity: 107
Merit: 0
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January 20, 2018, 06:03:37 AM |
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If a newbie is going to become a trader and make profit he should start trading some day in order to get his own experience. The most valuable experience is the one achieved by own gains and losses. Sure it is better for a newbie to learn some basics at first like trends, correction, etc and to have some plan in trading in order not to make it betting.
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jorinu
Newbie
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Activity: 49
Merit: 0
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January 20, 2018, 06:09:16 AM |
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I think you should hold coin to be safer than trade coin. If you want to trade coin you learn technical analysis and make a small amount to trade if you fail you will not lose too much.
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danniwide1234
Member
Offline
Activity: 133
Merit: 10
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January 20, 2018, 06:14:11 AM |
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I will suggest you do a lot of research on how to trade because of the volatilty of the market.Failure to do this might make you learn in the hard way which is the lost of your hard earned money. When you eventually feel comfortable that you want to start trading you must develop a system that works for you. You can decide to be a day trader but I will advice to buy and holds good potential coins for a long time. This will definitely reduced the risk associated with day trading and the profit could be astronomical if you do your homework properly.
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Xenrise
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January 20, 2018, 06:19:27 AM |
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Newbie should trade. Not by means that they will become food for whales but they should trade before they will become a whale. Every whale started from being a beginner in trading. They are also just like us magician, doing trades in which we are guessing which price our investment will fall. And it is healthy because we know for a fact that we can do our best for our bettering.
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baghdatis1990
Member
Offline
Activity: 504
Merit: 14
Miracle Tele
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January 20, 2018, 08:11:57 AM |
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If you are a beginner not only in this forum but also in trading, do not hurry with the investment, research the market, get information about the currency you want to invest in, read on forums, study diagrams, history. Any information is welcome. Once you're sure you want to invest, you need some luck, some inspiration. Cumulated, these issues will help you make considerable profit.
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Kemarit
Legendary
Offline
Activity: 3080
Merit: 1353
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January 20, 2018, 05:28:25 PM |
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Again, this is a free market, anyone can trade, even you as a newbie. However, being a newcomer, their is so much risk that you could end up losing your funds. That's why "invest what you can afford". And before trading or investing, research the coins, the history and everything related to that project that you can find. Its a one way street, once you get it, gonna be hard to get out unless you make significant gains in short amount of time, but its not as easy as it sounds. Don't do something quickly, as you might regret your decision later. And take every step as a experience, if you suddenly hits a wall, don't stop and learn from it. Newbies should stay as far away from trading as possible. In fact i think 99% of traders need to stay away from trading at all. Trading is not for most people that do it. That is why 90% end up losing their money. Learn the tricks of the trade first, the observe and observe..
You can't really advise them to stay away. They can learn the ropes overtime. How can they learn the tricks if they are not going to get their hands dirty? |
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pimvinken
Member
Offline
Activity: 200
Merit: 13
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January 20, 2018, 05:51:50 PM |
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a newbie can trade too, but usually they may loose very much, so newbie should learn about trading first, how to trade with big value coins and start increasing in the future, from that newbies can learn why they lost money and can be better in trading in the future. |
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namjar
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January 20, 2018, 05:58:43 PM |
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And why wouldn't you? You are just a newbie, that is nothing wrong at all. Just deposit some money in an exchange, and start trading.. But for me, the best thing that you can do is just buy altcoins and start holding them for some time. |
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v0rtecxz
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January 20, 2018, 07:06:58 PM |
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yes of course you can trade but there will be many risks that you will experience with a little knowledge you have, will only make you lose more than the profit you will get, I suggest you learn it first and do not be too hasty in doing something, it takes time to do well
Nowadays many trading places provide a learning demo for trading, I think it can help you
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SLaPShoCk
Member
Offline
Activity: 94
Merit: 10
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January 20, 2018, 07:35:02 PM |
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Since you are new I would suggest you to learn first. Learn how the market works. Learn about the coins. Do researches on the charts. Get to know more about the coins you will be investing on. Use your own instinct and try to figure out how the coin is going to be different from others. And always keep this in mind - invest what you can afford to lose. Thanks for your advice,Besides Hold I also invest ICO, what advice do you have for ICO lending now? If you really want to trade then it's your choice. Just make sure you do your own research, I suggest you start with at least 2 to 3 alts. You don't need to start with multiple coins. Read fundamentals and study some technical analysis for it can help you a lot with your trades. About those lending ICO's, I do not really support those lending platforms. Not a fan thou. Have you witnessed what happened to bitconnect and other lending platforms? I suggest you stay away from those lending ico's. There are other ico's that has big potentials just do more research. cheers |
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Rosa Paula
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January 20, 2018, 08:00:48 PM |
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If you have better knowledge on trade then i suggest you do this.If you not have any idea on trade then you don't do this.because trade is always Involved risk.Yet you start trade with some good coin.CMT,TRX,ADA,ETC is very good altcoin for hold.You can do this and keeo hold.
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johanesrobin
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January 20, 2018, 09:38:41 PM |
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You should spend a long time observing the market to understand how it's going before investing a real money. Everybody here will promote coins he's holding.
Try to do your search and have your own decision.
Yes, this is the simple truth. Don't ever fall for the hype, the people who tell you that coins are going to make 10X rise they lie, possible because they want to sell to you (and others like your) their inflated coins. Nor fall for the FUD. Wait a while before starting to trade, just watch and try to learn. Definitely. Just feed yourself some knowledge that you can use so you can make profit and avoid losses as trading is meant to gain and not to lose. Being a newbie without any idea nor knowledge is just like going to battle without any bullets on your gun. Yes its better to learn first before entering to trading industry because trading is a full of big whale in other word it so risky dont do any move if you dont know what will you going todo then if you got a basic procedure to trading start only with small capital and master the trading platform before performing a big capital. A good suggestion I would like to say trading is not an easy effort. Those new to crypto think that trading is very profitable and they forget the greatest risk. nothing is easy and nothing is instant, all requires a process. Beginners should have a mentor and keep improving their ability by reading and observing good and safe trading methods. |
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rhodelmabanal
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January 20, 2018, 10:34:34 PM |
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It is a bad idea, because you need to learn step by step and you not be in a rush to learn trading. You need to explore first and ask questions. It is a money talks so won't fool around by your self or your friends. You need to learn the different kinds of coins in a trading sites. As a newbie, you read more opinions in this forum to avoid your knowledge in out place.
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