what advice?

[Shenzou]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

The best advice that we could give is to always keep calm and be patient, a lot of mistakes that people make when they first start trading is as soon as they see the price going up they sell or the other way around, the crypto market is a volatile and unpredictable and it will always keep you on your toes, so you have be calm as a water and never panic, because one mistake and your whole money could go down the drain, so try to develop an over whole idea about trading before you jump straight to the action.

[1714889946]

1714889946

[1714889946]

1714889946

[1714889946]

1714889946

[Daboy_Lyle]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

You have make a lot of plans before trading. Analyse first where to trade and what is best. Trading is not risky as investment. Trading needs patience in somehow.

Read, read and read. After that, do some dummy trading, not with real money and test your knowledge. If you are good with the results than start real trading with small amounts.

Avoid wasting your money. It doesn't mean that your just a newbie on trading you will lost a lot of money.

[Ctn]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

There is no theory that can explain you how to trade effectively. If there is anything that is very successful in this regard then that is practical approach towards the crypto trading and nothing else. You may get many more advice like do this and do that but to be honest none of them works until you try it yourself. Many times it happens that few tricks work for few people and it may not work for others. In such cases it is better to try our few by yourself and learn how you behave while making the trades. If you failing at something then for sure you are missing out the whole thing. Then stand up and try something different and repeat the whole shit until you dont find yourself profiting on regular basis. Thats all the advice from my side.

[kamike]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

There is no theory that can explain you how to trade effectively. If there is anything that is very successful in this regard then that is practical approach towards the crypto trading and nothing else. You may get many more advice like do this and do that but to be honest none of them works until you try it yourself. Many times it happens that few tricks work for few people and it may not work for others. In such cases it is better to try our few by yourself and learn how you behave while making the trades. If you failing at something then for sure you are missing out the whole thing. Then stand up and try something different and repeat the whole shit until you dont find yourself profiting on regular basis. Thats all the advice from my side.

There are already a lot of advice surrounds this forum some were saying to take risk, be patient and focus on it, but it is still depends on you how you will handle your investment at the end of the day you can create your own strategy how much you are willing to wait, your initial capital and some more things, still you will do it on your own as you know what is best for you and to your investment.

[Mokter]

many ways to start our trrading.we could learn abount technical and fundamental analisys.and the most important thing is we must have good psychology.so when we see market going down we still could control and not being panic like other.

Good advice. I would like to add more. At first learn learn and learn. Then keep observing for a long time on crypto market as well as different coins. Now develop trading strategy like trade regularly or invest for a long time. Buy 3 to 5 coins based on their future potential to mitigate risk. While buying keep in mind how much it could incur loss instead of how much it will generate profit.

[MintDiceSupport]

Firsthand learning is great as we learn from the mistakes we make. As others have mentioned, jumping into trading will certainly have a learning curve. For a beginner as yourself, a good option to look into would be a trading simulator such as Coins2Learn, check out their website: https://coins2learn.com/

A simulator such as this one would allow you to practice making trades without risking any money. You can engage is discussions with other users, gain familiarity with market oscillations, as well as participate in different competitive activities. Above all, it's free to use. In the end, it's up to you, maybe you would rather jump in with real stakes from the get-go, that's fine, just don't invest more than you're willing to lose--as others have said.

Cheers!

[Dart18]

Put your funds in many baskets. In case the one gets hacked then some are safe. Same with trading. Dont go putting all your funds in a trading website, just deposit the number that you are willing to risk.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.

[nitrousteam]

Put your funds in many baskets. In case the one gets hacked then some are safe. Same with trading. Dont go putting all your funds in a trading website, just deposit the number that you are willing to risk.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.

The OP should also analyze the coin he wants to invest in. To split the funds he must actually earn that same funds with the proper investment into the more prosperous coin that has high possibility to return to the initial value after correction phases.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I agree with the exchange rule of putting the small amount of money split between different exchanges because there are many new hack attempts which have influenced new investors because the some of them held a big amount of funds in one exchange. The proper coin investment means nothing to the investor if the wallet is open to the easy hack.

[michkima]

Put your funds in many baskets. In case the one gets hacked then some are safe. Same with trading. Dont go putting all your funds in a trading website, just deposit the number that you are willing to risk.
I guess that is the first rule when you are trading.
Next is control your greed. Be satisfied with a little profit then wait for the dip again.
You could also put an order just in case it dips you dont need to wake up with its alarm.

The OP should also analyze the coin he wants to invest in. To split the funds he must actually earn that same funds with the proper investment into the more prosperous coin that has high possibility to return to the initial value after correction phases.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I agree with the exchange rule of putting the small amount of money split between different exchanges because there are many new hack attempts which have influenced new investors because the some of them held a big amount of funds in one exchange. The proper coin investment means nothing to the investor if the wallet is open to the easy hack.

Although having a lot of exchanges with small amounts is pretty expensive to do especially when you are about to cash out. Usually exchanges charge an exorbitant fee that would make having multiple ones not feasible. Also, once an opportunity arrives, it would take you minutes to just make the order on multiple exchanges and in the end you lose the opportunity.

[piloder]

- Before investing in anything, try to make a deep research about the project and don't follow other's suggestions
- Don't invest that you can't afford to loss
- Never take loan or credit to purchase cryptos.
- Only trade coins that have high daily trading volume.
- Don't join pump group where you will only loss your money.
- Almost all trading signals you might get from trading groups are fake, don't follow them.
- Learn from your mistakes.

[hispout]

Hmmm… others would tell you to have patience no matter what. For me I would tell you not to have patience for a long time. If you start trading and after some months of trading you happened to achieve nothing, then trading is not meant for you, you should just quit and find something else to do. And by the way, before you start you should first study everything that is required for you know about before getting into trading. Trading is not easy like other things you see, of course it’s fun, but very risky.

[nightways]

In general, before starting in the field of trading, you should learn and read more about the majority of cryptocurrencies in the market and  how to analyze the different  situations ( like, pumps and dumps...) . Furthermore, I advise you to follow these rules:

Rule number 1 :  you must be patient , and not to be  greedy and rush to make decisions , because you may regret due to some behaviours  which could lead to significant  financial losses in the future.

Rule number 2 : you must have different strategies ( Plan A, Plan B..) in every situation and  sometimes, the risk is essential for an acceptable profit in the future.

And good luck   .

These are accurate theories, but the most necessary is the experience and analysis. Analysis is very important in investment. The professional traders always analyze the project very well and always be patient with them. they can spend more than 3 hours analyzing the project and see a graph of the price increase. However, your article is very good and constructive. thank you.

If you guys are saying all these things don’t forget that trading is not really meant for everyone. So patience is not required sometimes, if you have the feeling that it is not meant for you. If you can’t trade, then go for an ordinary investment or something else under the same category. But as you guys said, before anyone start trading they need to go through everything that is required. And it’s not good to be greedy.

[Om.monata]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

the advice I can give is, make sure you understand the trading and you have trading knowledge, you can not trade just by using large funds. you should choose a good coin to trade and maybe you should be able to choose a good situation for the right time to trade. make sure you have friends who are experienced in trading and can help you.

[OuterTech]

If you start trading, then the advice is to learn the experience on bitcointalk. And you also need to determine whether you should invest in the potential and risky cryptocurrencies market and whether your financial ability allows you to invest in Bitcoins or altcoins. And the psychological need to be strong when investing in cryptocurrencies is a necessity for you because this market fluctuates continuously, up and down erratic.

[Borisb52]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

My advice is to get training from a practicing trader. So you can save your money. Because at the start many beginners make mistakes. Because of these mistakes, they eventually lose their money. Well, the decision to take, of course, to you.

[mung_nasib]

If as a beginner a must have strategy is a strong confidence in the face of all risks later with the altcoin movement that often changes you must be able to maximize the smallest chance of making a profit.

[sujonali1819]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

Always I have been saying to a new trader First you need to control emotion. Don't invest all money in one box { means one coin } Don't invest 100% money of your holdings. And try to stock some fiat or usdt for buying in cheap if the market will dump hardly.

[Kurokyy]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

Read some techniques and strategies about trading, and how does it work. Buy a small value of token, make a short trade and be familiarize with the flow of the crypto market. Having an experience is an advantage in cryptocurrency trading. And last just invest what you can afford to lose.

[Streamlink]

i am new in trading . i want to start trading . what advice you should give me before i start in live trading?

There are many advice here for those newbie who want to start in trading  you should read first. Having a knowledge is the best to have while you are in a start, and you should learn how to control your emotion.

Emotions and feelings have a strong hold in trading. Although it seems so unsuited with trading thing but these two are vital elements that are responsible for profits and losses. Although humans are more oriented towards emotions and they have good control over us but still if you want your investment best for you, you need to work out on making your mind strong who never slips over emotions.

[upsidedown75]

- Search for few basic guides on crypto trading before you start and also learn about margin trading and how stop-limit works.
- There are different threads here in forum with same question like yours, go through them.
- Never panic and always sell for profit not for loss.
- Don't be emotional with any coin, sell when it pumps.
- Invest in multiple coins to diversify your risk.

Good luck...

Fortunately, there are so many resources online now that one can make use of and it is just that a lot of newbies in trading are always too lazy to read and as long as anyone is lazy to read, they should be ready to lose a whole lot. I have been there and I know how it feels trading without knowledge but you will get so confident, realize some of the mistakes you have made and could have averted once you start reading.

Also, with the last statement, I would advise not to put too much in so many coins than you can handle at once, as that can be hectic. It is best to just invest in the little you are sure of based on your analysis unless for long term traders anyway.