2 tips in trading for beginners

[Darz299]

I think that's right, a novice must recognize himself, because only he can know where the logical mind goes, control emotionally, beginners must also understand the trade and development of trade and technological developments. Also must know the purpose in trading, where the direction of trade is expected, the main purpose is to get big profits, but also to be able to make a strategy when it's time to buy, when it's time to hold, and when to sell with the intended purpose.

[1714640783]

1714640783

[1714640783]

1714640783

[1714640783]

1714640783

[andyosh]

Two very important tips for beginners in trading:
1.   Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2.   Many traders cannot spend much time in this market.  Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process

I think that trading volume should not be excluded from deciding whether to invest in a coin..

[tailwate07]

These tips are very good for beginners to kick start their trading careers. Knowing your limits, your risk appetite is very vital in trading. Also, sticking to a trading plan is also what you need to stay profitable as well

Keep all of such advices in mind too but I think one must learn this trading world from scratch. This platform is for learning purposes and you can ask whatever you have got in your mind but believe me if you don’t take things from start, problems will never leave you. They will surrender you ever other moment. Learn from here too but start researching this whole story.

[Bakemat]

Trading strategy depends on the level of risks you want to take. If you are into high risk, yes you can reinvest your capital and profit. The safe bet and lower risk option is to take back your capital and reinvest with the profit you have made.

The risk will be always depending on how big investments you have made as well as the profit and that is the reason why you should always study the platform of the coin before investing a huge amount.

[Clemcout]

Invest only such amount you're not afraid to lose. Be patient with selling.

When for the first time I was here in bitcoin forum, the first thing is just read was comment relating to this statement. That just said, do invest only such amount that is easily be afforded in loss scenario. So yeah, one must not become greedy and start investing all what you have at starting stages. This statement can become proved wrong but only in scenario when you are experienced trader.

[KenChanYu]

Trading strategy depends on the level of risks you want to take. If you are into high risk, yes you can reinvest your capital and profit. The safe bet and lower risk option is to take back your capital and reinvest with the profit you have made.

The risk will be always depending on how big investments you have made as well as the profit and that is the reason why you should always study the platform of the coin before investing a huge amount.

Risks and losses are innately part in the field of trading.  As a newbie it is important to gain knowledge and formulate a plan or learn to strategize. Stick to strategy that works effectively for you and not depend too much on others. Take every success and failure experiences as a platform to grow and be a learned trader or investor. In this way, it can help reduce the level of risks, like investing an amount you can afford to lose and not to be directly driven by emotional stress. Be observant, do research, don't limit your capability to explore more ideas, and study and familiarize its nature.

[Goodday]

1. Set realistic profit targets for profit target from each transaction.

2. High advantage and high risk of course and you must also understand is the price movement or price characteristics.

[danherbias07]

1. Set realistic profit targets for profit target from each transaction.

2. High advantage and high risk of course and you must also understand is the price movement or price characteristics.

Love this. But somehow others wont make it that way.
They do list numbers of when to withdraw or how much it should just be and yet when a pump comes they cannot ignore the fact that they will still wait for it to stop.

That already ruined the profit target that you listed and also this will be the start of the losing moment.
If you ask why then it is because of the fact that you made another number into where you will withdraw.

Example:
1 - the regular price
2 - the target profit
3 - is the pump
4 - more pump (you are now looking forward for this number) if it suddenly dumps at 3 then you will wait for it to go to 4. Until suddenly it goes back to 2 and then again you will wait for 3 before withdrawal.
You are setting new numbers for target profit until the fall arrives and you cannot do anything about it anymore but just regret.

Lesson: If you pick a target price then do it. Do not make changes just because of your greed.

[SirLancelot]

No need to have many tips, you just hold the patience you will be successful. That is the secret of many people do.

There is great need of some basic tips and knowledge when you are actually starting to trade in the crypto world. The first is the understanding about the technology that you need to have otherwise it is completely useless to invest in crypto.

Besides, you need to be aware of the market and having perfect market information and market knowledge can help you act wisely in the market and take the right decision in the right time so this is also very important. The last thing is the crypto evaluation and one must be good with it. Of course you have to be patient in the bear market in order to minimize loss.

[A L I E N]

I would like to give this good advice to my Wife as she wants to learn day trading but it is very difficult for her because she lacks self confidence she says. I will tell her to just test the waters with small amounts of risk capital as we lost too much value from our portfolio holding altcoins and tokens. She wants to try and balance things out by day trading to earn a living now as things are very hard in other crypto areas where she has been working in right now.

LOL. You are right - these tips will help her. probably, she will think a bit (about herself) and refuse to start trading. However, the situation will be quite different. Being a trader little bit, I started to understand what it is - to be patient.

[M7MMike]

It depends on the hours and the hourly basis and you have to be careful with that.

[CrawlerPsych]

Two very important tips for beginners in trading:
1.   Always look at the market capitalization and not the price of the coin. Many think that they should buy ripple as its price is relatively cheap to Ethereum’s.
2.   Many traders cannot spend much time in this market.  Crypto trading not just on a daily basis, but on an hourly basis. It’s not everyone that can play this game. Nevertheless you need to consider the amount of time invested in the process

Great that you've pointed this. Most people look at the price instead of marketcap and think that if for example Cardano costs $1 than it's a good price to get in..

[MairaObergh]

My advise would be that after you developed a plan, based on established ideas, do not steer away from it. Unfortunately if you're new to trading you most likely will, and learn your lesson as a result. You might put more money into one coin than you should because you just have a feeling, and then lose a large percentage because of it. It always happens.

[mudasarali43]

Yes, this is the good information you have shared but I thin one more good thing that is how to plan what you are doing if you get success to do whatever you want to do then your goals and plans will get success so I think the main thing is the strategy that how you can work and observe about the work plan is it good for you is it achieve your goals and it is suitable for you according to your investment.

[Dr.Osh]

it may be quite helpful for a beginner, because sometimes they are too hasty in trading, and sometimes they only have desperate capital, without composing the strategy. Well, but I want to add it, maybe you should start with coins that have great trust and good potential in trading. like BCH, or ETH.

[cryptogideon19]

Thanks for this one of kind thread. It's simple but Helpful Like to us a newbie on trading. You canno't see such a kind of thread like that because all those people posting here is all personal thread not helping other people to teach on crypto. Two thumbs up to this thread.

[Fantastickarl]

The tips you gave are really good tips for any new trader as a beginner. We need to define the kind if reader we wish to be before starting off. You need to equip yourself with adequate knowledge and you need to know how your manage your risk so as not to get too exposed in your investment/trades

[Edraket31]

The tips you gave are really good tips for any new trader as a beginner. We need to define the kind if reader we wish to be before starting off. You need to equip yourself with adequate knowledge and you need to know how your manage your risk so as not to get too exposed in your investment/trades

There are lots of tips out there, but it does not matter since at the end of the day, it is us who will do our own strategies, we can have our own tips in our life, those tips are just starter guidelines so it does not matter to follow it all the way, since if we will study this trading, we can come up with our way. But if you are newbie better to seek those tips and apply to yourself.

[victoryana]

The trick for newbies is that they should know where they are and how they look. They should know the basics of the market, and do not listen to anyone investing in a coin only

[rapsa2018]

My tips for beginners is hold and do not panic! if the price of your coin is dropping dont panic and wait for high investors buy it and soon the price of your coin will encrease.