2 tips in trading for beginners

[boy130]

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.

Holding is good, but I'd also throw in that day trading when the market is too fluctuating is not good because you can't rely on your predictions and that causes you to lose money. Also, do a lot of research.

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[michellee]

never all in for any coins even if you know that the coin will increase, accept your loss no matter if you get a big loss. maybe this is my tips for trading for beginners because sometimes we become greedy when we see that we have a big chance to make a huge profit. and sometimes we cannot accept our loss even if the loss is not much. we've always learned from the mistakes and this will makes us grow to become pro trader and we learn from other people mistake so we can prevent to make the same mistake.

[0xBitcoins]

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.

Amazingly explained and I want to add something here too that before diving in real field work, you must be working on demo trading platforms and making yourself practically strong. Even before this all, your learning period must be so strong and comprehensive that the results that you make from trade mist be satisfying and helpful for your future. So good luck to all newbies out there.

[Hamstead]

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.

Holding is good, but I'd also throw in that day trading when the market is too fluctuating is not good because you can't rely on your predictions and that causes you to lose money. Also, do a lot of research.

Fluctuations really affect our trades that's why we should be strong and find best way to sustain those crisis we face.
For newbie, isn't be wise to think of entering trading fields at this time cause our market is still in dip and for sure you may lose if you can't handled it will. It is better for them to used our genuine strategy BUY, HOLD and SELL to keep safe.

[Ayush rana]

When you have goal in your mind then you don't need tips for doing something, you juat need dedication. Dedication only comes from your mind. I can give you 2 tips which can or can't work for you. but you must keep in mind that you have to invest in those coins which are popular one like BTC, ETH, ETC, BCH, LTC and many more.
 
1. For getting more information you can visit on trading exchange and see particular coin history and do analysis for trading.
2. Don't ever try to do panic selling because that may lead to big loss.

[GawirZZ]

1. You must know the time to buy, see the history / graph of the coin is cheap when you buy it.
2. You also have to know the time to sell it, don't let you not stand it because the price does not continue to rise and sell at a loss.

[Petrogradka]

The most important law of trade: do not risk what you are afraid to lose. And learn to Analyze everything that happens with cryptocurrency.

[coffigayo]

In my opinion basically if we go into cryptocurrancy trading then we should already know the fact that we have an emotional risk like that about money. On the other hand, that's why investors who don't have an investment plan cannot survive their investment decisions.

[DRVX]

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.

A newbie can really feel at a loss when he understands that the cryptos he invested in, are falling. He has to learn how to be patient. He must understand that the best policy now is to hold the crypto.

[hrctrusisss]

It is really very helpful for the beginners and you can always go by these things.

[syahdurindu]

two tips in trading for beginners:
1. Be confident in yourself that we are able to trade, believe that we will always make the right decisions and are not easily tempted by negative news in Crypto.
2. always provide time to monitor the development of market prices, because if we miss information about market prices we will pass the best time to get profits.

[pinkliar]

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.

A newbie can really feel at a loss when he understands that the cryptos he invested in, are falling. He has to learn how to be patient. He must understand that the best policy now is to hold the crypto.

For now all we can do is to hold your coin if you really don't want to lose your money, well that's crypto world and it's normal that sometimes many coin decrease, the most important in this situation is to have patient to continue hold .

[SCRAPYCOCO]

I think it does not hurt to add that due to the explosiveness of the market, any beginner should know how to maintain control when prices are low, and in cases like these the best thing to do is "maintain"

[amia1864]

The topic is very useful for me and useful for other beginners. Gave me some useful experience. I think the first thing people need to do is be patient and keep calm.

[worle1bm]

I think the two points you have mentioned are quite good  especially the point concerning to knowing exactly what your plans are for future trading.But i will like to add on some more important points like do the complete research about the coin in which you are going to invest and have an eye over market fluctuations which will make your investments a valueable assest for you.Moreover don't get easily panic and stay calm even in worst situations and do the right thing at right moment.

[Vanshenz]

two tips on trading for beginners:
1. Make sure you have enough capital to trade, I recommend not using borrowed money or other people's money, because this is very risky and harms you if something unexpected happens.
2. have a lot of knowledge about trading, because trading is not just buying and selling coins, but about strong predictions, a heart that is sure and the right purpose, so that your trading is not in vain.

[rayk]

Sticking the plan might be very bad sometimes because we all know that it always rise after we sell and fall after we buy

[reginalkri]

The biggest tip that I can give someone who started new in crypto is to control your emotions and not be greedy. If you make say 30% profit, don't be greedy and start thinking that you want 300% profit. Take a little and appreciate that you made something, while others have lost a lot.

[bohr]

1. Know yourself. Define your risk tolerance carefully. Understand your needs.
To profit in trading, you must make recognize the markets. To recognize the markets, you must first know and recognize yourself. The first step of gaining self-awareness is ensuring that your risk tolerance and capital allocation to crypto and trading are not excessive or lacking. This means that you must carefully study and analyze your own financial goals in engaging crypto trading.

2. Plan your goals. Stick to your plan.
Once you know what you want from trading, you must systematically define a timeframe and a working plan for your trading career. What constitutes failure, what would be defined as success? What is the timeframe for the trial and error process that will inevitably be an important part of your learning? How much time can you devote to trading? Do you aim at financial independence, or merely aim to generate extra income? These and similar questions must be answered before you can gain the clear vision necessary for a persistent and patient approach to trading. Also, having clear goals will make it easier to abandon the endeavor entirely in case that the risks/return analysis precludes a profitable outcome.

Hope this could help some newbies in trading crypto

Those two tips seem basic for some but are critical and most people do not follow them, many people that are otherwise shy or even timid in their everyday lives think they can be risk takers when it comes to being traders and that is simply not the case, and even more importantly people need to follow their plans, how many people lost money at the beginning of the year because they panicked and sold their coins and did not follow their own plan?

[kingkonjac]

I have made a mistake on this 2. tip, as I had so many plans and goals which in theory were great but I haven`t stick to them and experienced huge loss, only if i had stick on my plans many things would be different now for me.