Trading Advice Needed

[Prettyme]

hello everyone!
I am quite new to the cryptos, however Im very interested in learning and discovering the trading process of cryptos!
Therefore, I would like to ask crypto traders for some advices about how to better learn the trading process and how to start trading. Thanks in advance!
 

The best thing that you can do to learn about trading is through experiencing it since experience is the best teacher so if I were I will learn some information and technique about trading and apply it through experiencing trading then you will learned a lot from it. Just always tenner that taking risk is really the best when you want to learn.

[chocolaty]

Trading is a risky job so before you enter that kind of world you should know that you will not gain profit 100% of the time. There will be losses, that's for sure. You should know how much you are willing to lose before letting go of your money. Also, it is important to do research about your prospect coins.

Aside from these, the most important of all is to refrain from letting your emotions decide for you. Panicking will do you no harm unless you sell as a reaction to it. Be patient and wait for the right time. Technical analysis is an advantage here because you can analyze the price movements yourself and you don't have to rely on other people's prediction.

[Webberson]

I believe trading advice differs, as individual differ. It can be said that the strategy that Mr. A uses to make profit, might not work for Mr. B. Regardless, there are some basic rules that must be adhered to. Amongst which are - knowing your entry and exit; trading without emotions; and carrying out proper analysis.

[naidray]

Before start in real trading for the better use demo account first, and there are one exchange offer demo account, that is HitBTC, here you can try first how to decide when good times to buy and sell. Learn about technical analysis and charting will help to decide it. But from my experience the most important thing in trading is not only knowledge about technical analysis, but good psikilogis. We should be patient to get better price when buy or selling coins, and dont be greedy when taking profit.

Demo account will necessarily not mean you can just make use of it to start trading immediately and quickly get better. Even if you are to use demo account to test your skills, you should always make sure you have learned very well first and then trade with the amount you will trade with in real life while getting serious, otherwise you will find out you are not able to learn anything at all.

Trading with demo, unless you are very serious about it, you may see it as trading with something you can afford to lose, since you are not losing anything anyway, and that is bad but it is really good if you want to test what you have learned.

[Jerson]

not easy we should be able to use the time of the sale especially if we are out of the market, we will start at the base as stated in the OP immediately, The basic terms of making the risk we first get with a small amount will then add more.

[drachman]

You already have a lot of advises on how to learn trading but no one have advised you this, You should know what you are getting in to like what are the risks. Can you handle the stress because if you can not i bet you that you will panic sell once there is a bad news about your coin. Can you control your emotions, when you see you portfolio on red  we might see you posting here asking for advice.

If you have never traded before on any type of market I will suggest to start with a demo account of use a very little money so that you would just know how the game goes. If you are able to handle it then start investing with a larger amount.

A demo account will only allow you to see if you are able to perform the technical aspect right, however it is not going to allow you to see if you are going to be able to perform well under pressure, in a way this is similar to poker, it is very easy to make all the various advanced plays with fake money but with money on the line it is really difficult to play well and the same is true for trading.

I agree, things will be different when dealing with your money, I'm sure its easy to perform while using fake money and your judgement will be easy, unlike with real money you will think of many things that will affect your earnings as well with your loses, but it can be a good start to understand the
situations and if you able to manage and learn self control while using the demo then you are really ready to place your entry inside real trading venue.

It is very easy to think that will be able to perform well no matter what but in fact everyone is subject to feel the pressure just look a professional sports specifically football, you can see that in the practice the kicker can make some very long field goals but when it's the time of the truth you can see that many fail only those that are able to endure the pressure make long field goals and they get paid for that skill.

[Shikaina]

hello everyone!
I am quite new to the cryptos, however Im very interested in learning and discovering the trading process of cryptos!
Therefore, I would like to ask crypto traders for some advices about how to better learn the trading process and how to start trading. Thanks in advance!
 

I am also new to crypto and i dont have any experience in trading yet but i have a mentor. The one who brought me to this forum. He said that it is not much safe and profitable to trade but not always so he doesnt focus in trading. He focus on working and get paid in crypto. Could be bitcoin or altcoin so i also do the same.

[Marahunter]

I think as crypto adoption gains track we are almost reaching the ceiling on gains, am not sure how high the large market cap alts can go, rather gamble on a recent project that has not yet mooned, i feel it has more upside. the only issue is some established coins are more likely to last, because they had first mover advantage

[Hassan02]

hello everyone!
I am quite new to the cryptos, however Im very interested in learning and discovering the trading process of cryptos!
Therefore, I would like to ask crypto traders for some advices about how to better learn the trading process and how to start trading. Thanks in advance!
 

I am also new to crypto and i dont have any experience in trading yet but i have a mentor. The one who brought me to this forum. He said that it is not much safe and profitable to trade but not always so he doesnt focus in trading. He focus on working and get paid in crypto. Could be bitcoin or altcoin so i also do the same.

trading as much as possible learn this first its not easy to take the risk and try to trade for if you really dont know what was going on and on how are you be able to make some move on it learning is a must.

[danherbias07]

Learn the market of the coin you are trading first.
Marketcap and 24 hour volume.
Telegram activity will also help for news and updates if there will be new investors coming in, this could affect the price a lot.
Look at the fluctuation carefully, try to make an imaginary graph of how far it could go down or up. That way your orders will be always completed instead of getting longer idles.

If it is token to BTC or ETH do not look at the USD conversion. Just try to earn more of both main crypto currency.

[adzino]

Don't just jump in on the hype train. You are new to crypto currency and trading. So you must learn a lot before you actually start investing. Else you will end up making huge loses.
Learn how the market works first. Do some researches. Check past history of the coins. Look for similar patterns. Try starting by investing smaller amounts. See what mistakes you are making and learn from. Once you have enough knowledge, trying going big.

[biddicoin]

you can learn basic trading from forex or stock, because the technique is similar to trading crypto such as MA, Boilinger, dll
but ofc they've different little bit to get profit, don't worry u can be modificated as u want

[Omega Weapon]

Experience is the best teacher, Every trader lose on the first month of their trading career. Be careful and read tons of educational books and articles on how to trade. There are so many strategies that you need to learn. Find groups and menthor. And the most important, Invest what you are willing to lose. Trading is very risky. It's like placing a mouse inside a tigers cage and expecting that the mouse will survive. (that's a joke) Be careful and expect losses on you first few months. You can minimize lose if you just hold. Especially day trade is the most risky. Don't do that until you get used to trading, Goodluck.

Experience is the best teacher you are right on the but that doesn't mean that you need to trade and lose money in order to learn, you can do some paper trades, basically you write down the price at which you bought a coin in a piece of paper but you do not actually buy it and then you sell at some point in the future if you keep track of your trades this way you will learn a lot from your mistakes without having to lose any amount of money.

[Caladonian]

Experience is the best teacher, Every trader lose on the first month of their trading career. Be careful and read tons of educational books and articles on how to trade. There are so many strategies that you need to learn. Find groups and menthor. And the most important, Invest what you are willing to lose. Trading is very risky. It's like placing a mouse inside a tigers cage and expecting that the mouse will survive. (that's a joke) Be careful and expect losses on you first few months. You can minimize lose if you just hold. Especially day trade is the most risky. Don't do that until you get used to trading, Goodluck.

Experience is the best teacher you are right on the but that doesn't mean that you need to trade and lose money in order to learn, you can do some paper trades, basically you write down the price at which you bought a coin in a piece of paper but you do not actually buy it and then you sell at some point in the future if you keep track of your trades this way you will learn a lot from your mistakes without having to lose any amount of money.

Logically right, do some research and understand the market very well before placing your entry, it will be a long process but for sure it will avoid
certain loses, though there's also some people who learned it from their mistakes and become successful after, this would be depending on how we
seriously take this journey to achieve our goals, trading is a good venue to earn, just need to be more precise and serious to learn more about.

[wuvdoll]

A demo account will only allow you to see if you are able to perform the technical aspect right, however it is not going to allow you to see if you are going to be able to perform well under pressure, in a way this is similar to poker, it is very easy to make all the various advanced plays with fake money but with money on the line it is really difficult to play well and the same is true for trading.

It still all depends on you if you take things seriously but I really feel you anyway, because if you are trading with your own money, there are some mistakes you will always end up learning from unlike trading demo. I remember when I started trading on bitmextestnet, most times if I get liquidated, I always feel, well, it is not my money, with that nonchalant attitude, but when it is yours, you will be able to utilize what you have learned to learn faster in real world of trading.

Google has always been our friend, but it is just unfortunate that some people are always lazy to search on Google and would rather prefer someone to come give them what they need on a platter of gold. There are so many articles online that once you search on Google, it would be so easy for you to understand all you need to know about trading, and be able to start laying your hands on trading until you eventually become confident in what you are doing.

[Whosdaddy]

First of all you should choose altcoins that are interesting for you and that you want to invest in. Then you should decide on what exchange you are going to trade, but you should remember, that trading is very risky, be careful and cautious

I do not see that as anything that can help a newbie in trading. Yeah, we all know that trading is very risky, but how can the risk be minimized. The only way is by learning and knowing what to do. It is not just about hitting an exchange to start buying altcoin, when you are buying, what you are buying and where you are buying are some of the things you need to be able to make in your decisions and you cannot do that without at least making use of all the resources available to learn.

[cydrix]

hello everyone!
I am quite new to the cryptos, however Im very interested in learning and discovering the trading process of cryptos!
Therefore, I would like to ask crypto traders for some advices about how to better learn the trading process and how to start trading. Thanks in advance!
 

I advice you never rely on signal trades on telegram you've got to make your own method to over come any situations be versatile keep thingking and exercise you mind at the most efficient. Learn the basics of crypto currency sadly some governments take this too seriously.

[Aprodite]

there are many ways to start trading. for the first stage, never start with a big capital. then look for a stable coin. the price of the already stable coin usually has been circulating in the exchange for approximately 6 months. after you get the coin. do a little analysis on the price chart before you start to trade. My advice, do not buy coins whose prices start rising above 20%. don't panic when the price decreases.

[dutchkay]

You can read a lot of information here on the basics of trading, but whatever you do don't waste time reading for a month or two in the name of learning. Best experience is to dive in and have it first hand. But be warned chances of losing money is on the high side, so always put what you can afford to lose. My last advice is this "BUY LOW SELL HIGH"

[Omega Weapon]

Experience is the best teacher, Every trader lose on the first month of their trading career. Be careful and read tons of educational books and articles on how to trade. There are so many strategies that you need to learn. Find groups and menthor. And the most important, Invest what you are willing to lose. Trading is very risky. It's like placing a mouse inside a tigers cage and expecting that the mouse will survive. (that's a joke) Be careful and expect losses on you first few months. You can minimize lose if you just hold. Especially day trade is the most risky. Don't do that until you get used to trading, Goodluck.

Experience is the best teacher you are right on the but that doesn't mean that you need to trade and lose money in order to learn, you can do some paper trades, basically you write down the price at which you bought a coin in a piece of paper but you do not actually buy it and then you sell at some point in the future if you keep track of your trades this way you will learn a lot from your mistakes without having to lose any amount of money.

Logically right, do some research and understand the market very well before placing your entry, it will be a long process but for sure it will avoid
certain loses, though there's also some people who learned it from their mistakes and become successful after, this would be depending on how we
seriously take this journey to achieve our goals, trading is a good venue to earn, just need to be more precise and serious to learn more about.

True, it will take a lot of time before you are able to master trading but a lot of people do not have the patience to actually go through all the process, they see the market growing and they think that they need to invest right now they're going to miss out on the profits, not understanding that the market of cryptocurrencies is always going to be there and they need to become good at trading before even trying it or they run the risk of losing all their money.