How to trade wisely

[MelanBago]

1. Do not invest money you cannot afford to lose.
2. Do not invest money you are not willing to lose.
3. invest in knowledge first. Learn about strategies, technical analysis, indicators, etc.
4. Do not trade without a strategy.
5. If your strategy does not have multiple exit points (profit / loss), get another strategy.
6. Do not invest money you cannot afford to lose.

Agree. In addition to that I may add these:
1)Do not FOMO (Fear of missing out) Mostly traders experience this especially when the coin is pumping.
2)Get a good entry
3)Do not chase HYPEs.
4)Do not over-trade.
5)Collect profits and buy at the dips. When you reache your target price, collect your profits and do not be greedy!
6)Patience, patience and patience....our number 1 enemy is ourself in trading. So practice patience and discipline. This is the hardest part. Trading is all about human's emotion. Educate yourself and do not depend others. Know how to read charts and use indicators by yourself. Goodluck.

[megaqueen777]

Enrich yourself by studying technical analysis. Always plan your strategy and do not chase coins that are pumping cuz you will mostly caught in the middle and lose in the end. DO not over-trade and having a target price and a target profit for the day will keep you to avoid overtrading. If you can always buy at the dips and not during the green is the best time to buy always.

[Lynks]

Number one thing is to learn the art of trading. Buy books and pdf that teaches that.  Then follow signals from good veterans in crypto . With this you can minimize loss and maximise profit

[Irinagoduna1]

First of all you need experience in trading, without it it'll be useless to do anything in this area. If you want, you can read a few books about trade. Why not? knowledge is a powerful thing.  And of course it'll be useful to be lucky.

[lili song]

in my opinion, the first thing how to trade wisely is be "brave" I meant brave to take all of the risks.. Smiley

[7Pro]

you must know the market conditions that occur and the term that existed in the world crypto. if you already understand the basic how to trade. try to buy when the market is falling and hold it until the market back green or according to your target. this way you will get profit and do not lose.

To learn the basic trading they must go with the trading section on this forum. Even op has to create the post on that section to know how to trade wisely. I see some tips has been pinned on trading section even that can be helpful for her.

I advice you to invest your money on any cryptos which are in the top 20 list those coins will be reached to the biggest marketplace value in some days mate. Please do more research with the youtube videos as well.

Market goes not always like our prediction so though we bought it when its falling but the condition sometime goes worst.
In this condition, dont trade all in one time is more wisely though the profit not higher with one time trade. But when the risk is lower.

[Mrjenong]

you better read the article how to trade in this crypto. many things that beginners do not know, this trading world is very dangerous, many scams and many cybercrime celebration

[target]

I'm not a good trader myself but I have avoided loss most of the time and invest to safer coins.
My tip is to make sure you just do it with coins that are sure to go up just like ETH and then buy at every dip of course.  Only dump when you are sure to see there is a blothbath going. This at least you didn't get to high profit but didn't loss a lot.

[sureshotcoin]

I must say, it is best not to go with emotions or guesses. You have to study charts and should be able to predict the future turn of ups and downs in an accurate way. Coinmarketcap is a wellknown website(which I guess, you may know by now..!!) for the latest change in prices so as to keep a track of prices.

[Artemon82]

it is easy to trade wisely - buy on low price,sell your crypto coins on high =) never buy fomo,wait for correction and then take some coins from exchange. The more wise is to buy good coins on ICO and sell to others when high, go to Egretia telegram right now and check when they will open the whitelist, this coin will be huge for sure

[worle1bm]

i didnt know how to trade wisely im a beginner, can anyone help me

There are no perfect suggestions that will help you to become expert trader but what will help is you is doing constant research about this crypto market, gaining knowledge and learning from your past mistakes.Some suggestions are like never get panic and sell at lower prices,be patient and don't trade emotionally but with brain. Always invest in coins with great potential and capacity to rise in future like bitcoin,ETH,Litecoin.Follow the rules which will help you a lot.

[harbs23]

i didnt know how to trade wisely im a beginner, can anyone help me

Be risk-taker Don't worry if you dont know what the right thing to do!
You learn in your own mistakes!

[makladun]

For the beginning start monotoring the project that u r interested in. Look for WP, roadmaps, etc. Price charts on CMC r also useful or on the exchanges that they r listed. Good luck everyone!

[Scor1937]

I think to trade wisely you dont need to become a professional or what.it is just only a common sense it comes to trading.o. Just buy it in a low cost and sell it when it going pump..and also you need to be greedy.

[wandino]

i didnt know how to trade wisely im a beginner, can anyone help me

Try to understanding what you're getting to. Read and do your own research

[Ardan17]

Be open and chest when faced with difficult situations, and stay focused on finding a way out. the second by increasing investment, by increasing investment then the business will grow well

[josgandosbro]

trading is a difficult thing and requires a lot of patience because every action has a big risk in losing so make sure you buy with the right price so you will get a clear advantage

[bitcoinmasterlord]

trading is a difficult thing and requires a lot of patience because every action has a big risk in losing so make sure you buy with the right price so you will get a clear advantage

It is a difficult job but once you learn how to pick coins and when to buy and sell coins then everything will become easy for you, beginning definitely you will lose some amount but you will learn many things so don't give up when you lose money in trading. Yes traders must have patience then only you can able to make a profit in trading.

[Theoneo8]

Experience in trading is nothing if you don't remember mistakes that you made previously.
Learn something every time or every day, it will help you.

[Shavedcoconut]

You have to look into this stuff for yourself and acquire your own strategy over time. Look at charts with different pairs and start studying the markets and looking at fundamental analysis and technical also. There are different types of trading too so have a look into the different ways to trade  and what you can trade and where. Keep up with political, social and economical impacting news and observe how this affects what assets you might be looking into. this could be a good place to start