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cah ndablek
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April 23, 2018, 04:33:42 PM |
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Indeed as a beginner should be able to withstand anger when the price conditions are bad because of these problems often make traders panic and losses can not be avoided.Besides the key they have to have is patience and always be optimistic in investing.
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angrynerd88
Sr. Member
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Activity: 910
Merit: 253
Hodlers Network
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April 23, 2018, 05:16:08 PM |
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First of all educate yourself and gain knowledge it will take you to take right decisions.Trading is the name of patience learn to control the emotions and never take decisions in panic.Keep eye on the market buy in low and sell in high but keep in mind dont put all eggs in one box must diversify the investment.
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mrproblem
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Merit: 24
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April 23, 2018, 05:17:19 PM |
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There are 3 very important point you need to create for yourself :
1-Patience
2-Experience
3-Targets
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Quraline
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Merit: 0
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April 23, 2018, 05:33:05 PM |
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I hope your friends have told you how much money they have already lost as a result of their betting on the outcome of events unknown to them.
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wxxyrqa
Full Member
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Activity: 1372
Merit: 121
Next Generation Web3 Casino
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April 23, 2018, 07:04:32 PM |
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First of all educate yourself and gain knowledge it will take you to take right decisions.Trading is the name of patience learn to control the emotions and never take decisions in panic.Keep eye on the market buy in low and sell in high but keep in mind dont put all eggs in one box must diversify the investment.
this is a really good rule, because even an investor does not have to respect all his funds in one project. This is tantamount to ruin. But nevertheless, you need to learn all the information about what you are trying to do. |
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rosezionjohn
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April 23, 2018, 07:16:46 PM |
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Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.
Your friends are right. People get rekt because they get emotional most of the time. An experienced trader once told me to always have a good strategy and stick to it no matter the outcome. |
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_yoshi
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April 23, 2018, 07:19:45 PM |
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ITs like everything else. You need practice, practice and practice. The main problem by trading is, that you need money to trade. SO when you are a newbie, you will loose all your money because you dont know anything. But the most people do that because they have no patience. So instead of this, you could do some researches about the cryptocurrencies your interested to invest and aalso the blockchain technology. Watch some months the charts and the news whats going on in the cryptocurrency world. ANd after you get some knowledge, you can start with trading with small amounts!
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Qunetick
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Activity: 226
Merit: 10
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April 23, 2018, 09:10:41 PM |
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ITs like everything else. You need practice, practice and practice. The main problem by trading is, that you need money to trade. SO when you are a newbie, you will loose all your money because you dont know anything. But the most people do that because they have no patience. So instead of this, you could do some researches about the cryptocurrencies your interested to invest and aalso the blockchain technology. Watch some months the charts and the news whats going on in the cryptocurrency world. ANd after you get some knowledge, you can start with trading with small amounts!
I think the best way to learn trading is to ask an expert or maybe a friend who know it and maybe they can help you in a basic way of trading. Trading is simple but we can also lose on it if we cannot do the right trading strategy. I believe that trading is the very best ways to gain a huge amount of money and we cannot denied the fact that it is really simple. |
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Bitcoinjheta
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April 23, 2018, 09:20:54 PM |
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ITs like everything else. You need practice, practice and practice. The main problem by trading is, that you need money to trade. SO when you are a newbie, you will loose all your money because you dont know anything. But the most people do that because they have no patience. So instead of this, you could do some researches about the cryptocurrencies your interested to invest and aalso the blockchain technology. Watch some months the charts and the news whats going on in the cryptocurrency world. ANd after you get some knowledge, you can start with trading with small amounts!
I think the best way to learn trading is to ask an expert or maybe a friend who know it and maybe they can help you in a basic way of trading. Trading is simple but we can also lose on it if we cannot do the right trading strategy. I believe that trading is the very best ways to gain a huge amount of money and we cannot denied the fact that it is really simple. Yes, absolutely friends and expert traders are the one who can help you to become better trader because you can ask words or numbers in a moments which are really important in your developing skills that might you connect in your problems soon, every single details is a very important for you to know. |
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Guvn0r
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April 23, 2018, 09:27:01 PM |
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Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.
Do Not Trade with real coins/token or even Fiat currency if you are a beginner and is learning to trade. Try some crypto trading courses and learn different strategies .. test them out on some paper trading sites WhaleClub Offers unlimited paper trading. Try out the strategies which you have learned on this Demo trading platform (with current real-time rates). Once you get familiar with the ups and downs and feels confident enough. you may want to deposit real money and try it out. |
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fabrizoc
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April 24, 2018, 10:40:44 AM |
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To become a good trader you need commitment to learn and have knowledge about trading and most importantly how much are you willing to risk just dont invest money you can't afford to lose. And a good strategy when to buy or sell and have and entry and exit plan in your investment.
This is very important to become a trader is to learned the basics so you will know how to start. Always understand the risks because without understanding it losing money will experience. Absolutely you have point don't invest on what we can't afford. Think and gain knowledge before trades for the better future. Becoming a good trader and a bad trader both experiences are present in the market. If you want to be a good trader you have to adopt the knowledge of those coins which are leading in the market and you are sure about the selling probability of those coins is very important. If the demand is more than your selection of coin is very good and if very few people are the customers of that holding coin then it is a bad coin. |
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wuvdoll
Legendary
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Activity: 1442
Merit: 1025
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April 25, 2018, 03:30:39 AM |
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You have to buy btc first, then send to exchange that you'll trading. Next, you learn way of chart analysis, read a news more and discuss in this forum in order to get the information entirely.
Analysis will always help in the long run and his friends gave him good advice. Nevertheless, the only thing that ends up making most traders emotional is because they really do not have a single idea how to trade and that affects them a lot and as long as he is able to learn and imbibe those things, he would be fine in the long run. I trade candlestick pattern a lot on 4hr time frame and it has been pretty effective, but there are other things such as risk management and necessary stuff to know before trading as they would always be of great help. |
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Bagani
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Merit: 18
send & receive money instantly,w/out hidden costs
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April 25, 2018, 04:27:30 AM |
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Me as a trader only one thing i bear mind. Buy low sell high. Dont be panic if ypu can gain losses if you sell a certain coin because its starting to dump. Selling it will surely result into losses. Hold a bit and sell when pump. Dont be scared for when its red rember it is part of the market flows. To day trade., find q coin which has a high volume of that day and see if there a wide gap in the price. So you can set q buy order and after it fill set sell order. For an instant profit
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KalaiBTC
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April 25, 2018, 06:03:25 AM |
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Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.
Yes,your friend is true since the market prices are not stable and very very volatile that is why holding emotion helps you to think right than panic when market is falling and you see your cryptos dumping. Becoming a trader is not that much easy thing as it seems to be and that it needs you to burn your midnight oil and that it demands a higher level of self-determination as well. There is no way that you can make some good money without knowing anything regarding trading. You need to know lot of things using internet, by watching the videos on YouTube and be seeking the guidance from the experts. |
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mega
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April 25, 2018, 06:15:36 AM |
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Being successful trader knowledge is important must know about the coins and history of blockchain how it works it will help you to predict well. Select good reputable exchange like UPBIT,BITTREX,BINANCE etc and best coins with high volume.Start with small amount
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Got my account back! It was hacked. Sorry about it :|
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herurist
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April 25, 2018, 08:42:47 AM |
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Im a begginer for the trading but my friends that teach me how to join and how to work in trading sites. They said that you need to remove your emotions because emotion is the best enemy of a trader. And second is study the basic candle sticks it is need for the begginer.
Agree with that and keep practice to know market works and how good our strategy. To start trading/ invest is easy and the basic knowledge is always same but in the field, everything can change fast and unpredictable. Always prepare for the worst and good luck for all of us. |
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martychubbs
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April 25, 2018, 08:57:47 AM |
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For first you need to learn about blockchain technology and about each crypto currency which you want to trade and only after you will need to start trading .
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marsmyname
Member
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Activity: 332
Merit: 12
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April 25, 2018, 10:10:21 AM |
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be knowledgeable first. to analyze the markets well. follow the finance agenda. These are things that are primarily needed. then it is necessary to manage the capital well. Taking huge risks can increase profits, but I think that is not a good method. If you divide the capital, you can make more profit.
Becoming a trader does not mean it is easy to work in the market without any absolute knowledge because it is very hard to predict the market for buying and selling purposes and also the timings are very important to choose. After getting knowledge you would be able to setup exchanges account that will provide and platform for your selling purpose so you can earn while selling your coins a little bit higher than the amount you buy, automatically will be in benefit. |
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PizzaBTC
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April 25, 2018, 10:35:20 AM |
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be knowledgeable first. to analyze the markets well. follow the finance agenda. These are things that are primarily needed. then it is necessary to manage the capital well. Taking huge risks can increase profits, but I think that is not a good method. If you divide the capital, you can make more profit.
These all points are so valid and strong but I will go mainly for the learning. Reason is, if someone wants to go for a job but he really doesn’t know what to do and how to do, would he be able to make any good progress? Definitely no. likewise, if someone don’t know what bitcoins are and how to trader with them, how can he even expect of good output in return. |
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Jedzkie050617
Member
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Activity: 476
Merit: 11
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April 25, 2018, 01:13:24 PM
Last edit: April 30, 2018, 03:27:28 PM by Jedzkie050617 |
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be knowledgeable first. to analyze the markets well. follow the finance agenda. These are things that are primarily needed. then it is necessary to manage the capital well. Taking huge risks can increase profits, but I think that is not a good method. If you divide the capital, you can make more profit.
Becoming a trader does not mean it is easy to work in the market without any absolute knowledge because it is very hard to predict the market for buying and selling purposes and also the timings are very important to choose. After getting knowledge you would be able to setup exchanges account that will provide and platform for your selling purpose so you can earn while selling your coins a little bit higher than the amount you buy, automatically will be in benefit. Yes,you must study on how blockchain trading working and bear in mind that trading is risky decision and only for those who are risks takers.Now if you have a huge funds for trading then you try trading buy small coins firts and observed how the market flow, then if you're knowledgeable enough then try for bigger trading for more bigger profits. |
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