HuyOcCho1999
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February 08, 2018, 01:56:24 PM |
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![Cry](https://bitcointalk.org/Smileys/default/cry.gif) I'm losing money, now can not trade if you are a Newbie.
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Meggie
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February 08, 2018, 04:43:25 PM |
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Easiest way for a newbie is to pick 10-20 coins with potential that are really low and invest in them, hold, some will go xxx% eventually.
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BlockEye
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February 08, 2018, 04:52:38 PM Last edit: February 09, 2018, 09:42:39 AM by BlockEye |
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Easiest way for a newbie is to pick 10-20 coins with potential that are really low and invest in them, hold, some will go xxx% eventually.
Even not those in top, sometime some new launched token were capable also on pumping, If a newbie really wants to start trading then better collect more potential alts its better to have such new coins too since there are more ideas and planned development for it,hold till it fully developed and see how it pumps.
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tech72
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February 08, 2018, 04:55:24 PM |
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Well, you are newbie who doesn't know even the basics of trading or you are a newbie who has been trading for a while and losing? Well, first of all play with very small amount of money i.e around 5% or less of your portfolio in trading. Learn from it and then use more money as our learn and gain profits.
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slapper
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February 08, 2018, 05:02:29 PM |
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Firstly, as you are a newbie, you should learn more about crypto currencies. You can only get profits when you know the markets well. The second thing is that you should learn about the coin you are about to trade, how's it being developed, how's the teams doing or how's the plan doing. Are they doing well, are the plans going the right ways, etc. You can also search for some reviews from other traders who have already traded that coin so that you know how potential the coin is presenting. Trading is difficult for a newbie but if you do it in the right way, you know what to do and what you are doing, you can still get your profits. Good luck ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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fognoir
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February 08, 2018, 07:38:13 PM |
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If you want to be a day trader I would suggest you to learn technical analysis. It doesn't matter which coin you are going to trade. Fundamentals are not relevant to succeed in day trading. The most important thing is that you must be able to recognize the patterns and the opportunities. You need to have a set of rules and defined strategies with targets and stop-loss orders.
Start trading with real money only when you understand everything and you have enough practice.
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thycrypto
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February 08, 2018, 07:45:07 PM |
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I would say no. Even those who have been trading for a long time have not mastered it. You must really know the market and how to read charts to do good trading, IMO. I think hodl would work better. Do a lot of research and get in on that on red (sale) days.
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fredo123
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February 08, 2018, 07:47:08 PM |
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For newbie, its ok to trade but make sure to be acquainted in everything you do. You cannot do it without enough knowledge, Because trading is a serious job, It will make you rich if you know how to do it well:)
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ImSuparmin
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February 08, 2018, 11:46:21 PM |
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I think you should do, you have to learn first about trading, have to master all the basics about trading, how to choose good coins in the future and you also need to master the state of the market day by day.
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ImSuparmin
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February 08, 2018, 11:53:17 PM |
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Firstly, as you are a newbie, you should learn more about crypto currencies. You can only get profits when you know the markets well. The second thing is that you should learn about the coin you are about to trade, how's it being developed, how's the teams doing or how's the plan doing. Are they doing well, are the plans going the right ways, etc. You can also search for some reviews from other traders who have already traded that coin so that you know how potential the coin is presenting. Trading is difficult for a newbie but if you do it in the right way, you know what to do and what you are doing, you can still get your profits. Good luck ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) but also for a newbie, before plunging into the world of trading you must prepare a strong emotion and mental, because in your trading will not only experience profits but also you will experience the loss, because a good trader will lose, and from your ker will get such a valuable lesson.
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Isaacck1
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February 09, 2018, 12:34:50 AM |
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I think the first step before trading is to learn first. Learn first the basics, cryptocurrency. Learn about bitcoin and how it works. Search for the words blockchain, volatility, fluctuation, and then you may start in trading. After learning, secure your budget first and be sure to have more than what you will invest, just in case you have loss, you still have something left for you.
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xSkylarx
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February 09, 2018, 02:38:21 AM |
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I would say no. Even those who have been trading for a long time have not mastered it. You must really know the market and how to read charts to do good trading, IMO. I think hodl would work better. Do a lot of research and get in on that on red (sale) days.
I would suggest the opposite of what you have said, there is no harm on starting Trading, starting in a small amount of money would do. Even if you are just a newbie you could do Trading, there are demos on how to do it so you could not lose money in the start. Don't be discourage by those people saying that Trading is not for newbie, we all start Trading as a newbie, there is no professional Trader the time he start doing so.
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panarama29
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February 09, 2018, 02:41:59 AM |
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yes newbie can also start trading by now,,,because their stages does not matter when it comes to trading,,,we are all trading to earn
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sallee2
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February 09, 2018, 02:48:15 AM |
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I think if you are new to the market you should not enter the throne, it is extremely dangerous when you are new to the market and have no experience and commercial skills. I advise you to spend time exploring the information as well as the market in recent years and the present time. This is a new market and extremely difficult to guess so only few sales orders are not successful, you will lose your property.
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tuikindu01
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February 09, 2018, 03:35:07 AM |
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Since you are new, I suggest you study first and understand how the market works. Then trade, try, don't be afraid to fail.
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ladner
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February 09, 2018, 03:42:10 AM |
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If you are a newbie then I think you should not rush to market this trade. This is a new market and there are many risks, it is constantly changing and difficult to guess. Even experienced investors in the trade are unlikely to succeed in the commercial sector at this time. So do your research and consider carefully before investing.
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hoangtujuda (OP)
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February 10, 2018, 05:32:50 AM |
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Experience is the best teacher. You will never become an expert if you dont begin as a newbie. But first, you must do a lot of researching and reading. Learn the basics, be keen in observing the movement of the market. Learn from your mistakes. Exactly, if you do not learn the experience, it will lead to cheating, so knowledge is most important.
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Sengoko
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February 10, 2018, 10:04:31 AM |
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You better explore it by your own, do not let others decide if what will you trade or if you should trade it now. We also started as a newbie but if you will just keep on reading and learning to have knowledge about trading, you will somehow familiarize the flow of trading and become expert someday. Coming to the school without doing the homework, a big mistake it is for sure. A crypto currency trader must understand the behavior of digital market to make his trading a success. Otherwise, things can get really bad. The worst enemy here is not the volatility but the fear that it produces in the hearts of investors but if the trader knows all the essentials regarding his asset, he won’t do panic selling.
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KEPLER99
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February 10, 2018, 10:11:17 AM |
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If you can not swim you do not go to the sea, trading is the same, better go to the casino ..
If not learn technical analysis as well as selective information evaluation, the trade Crytopia is no different than Casino. Trading is not connected about our rank, even we are just a newbie we can trade but before you do that, make sure you have a knowledge about trading, not because you are just a newbie it means you don't know how, make sure that in your first time trying don't put all your money. - Yeah, newbie should trade or not depending on what they own, knowledge, skills, these are the factors that help us survive and make money in trading, and if they do not have it, I can only say that they should stop this thought before things get worse. And if they owned it, they also should not be arrogant, they also need to accumulate experience from reality, trading is not an easy job, newbie always need psychological preparation to face situations they never thought of, failure will help them know they are suitable for trade or not Instead of getting into trading, the best thing which can help you become more learned man is to simply deal with the things related to that of bitcoin and crypto currency and try to increase both your knowledge as well as try to get more experience so that you can later on make better decisions once you get into trading. Do not go for trading until and unless you have enough of the knowledge using which you can make better decisions.
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wodebutterfly
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February 10, 2018, 10:28:41 AM |
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Absolutely! But one thing newbies should avoid is do not see your coins panically when the market starts to go downward as there is no coin without any corrections
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