What are the useful tips for beginners?

[MrGaSp]

If you are a beginner then bette to start with a small amount to trade which you can afford to loose or else before getting in you can take tips from experienced traders who are trading since long time and you can sit with them and see how they make trade and once you are confident and have knowledge you can increase your capital step by step but make sure that you have done good market research before you enter into the world of trading.

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[NorihiroName]

I'd recommend to get experience and evade risky moves, that'll guarantee lower amount of your losses.

[Anandhi]

We can't get something in a single night. So, as newbie we have to learn hard continuosly. Learn by doing is the best method to do.

[ethereumhunter]

I believe if we can do something with a good effort and never give up something, then we can get a good result someday. we need to learn for what we doing and if you really interesting with cryptocurrency then you need to always learn more and more. spend your time to learn many things related to cryptocurrency and keep doing and practice and one day, you will become successful in cryptocurrency and no instant way to get what you want.

[LuciferEveningStar]

It's a very good suggestion for beginners. I also want to add something. Don't think that within few month you will make money. If you make that is temporary. For long term consistent profit you have to give time in learning. There is no short cuts.

For those investors who are just new in the industry, they should be studying the market prices or statistics in order to have a good background in the market before investing a huge amount in order to anticipate the price in the future.

[Raiwenkai]

In trading its not just the money you should also invest time and effort. Time because sometimes you need to hold your token if you want a big profit and effort to learn more about the crypto world.

[cryptomite]

Thank you,  those are useful not only for the beginners. Can I put please one of my favourite too? Stay away from trading action until you would be confident in the things that you are about to do.

[minairia3]

Good reads. It's really fan to read but don't forget to apply what you learn from those. The discipline of trading comes in practice so it's a dull sword if you don't go to real fights

[mockcooleat]

My few tips in trading is do not put all your eggs in one basket, learn to allocate and next is expect the worst so have a back up plan for your back up plan.

[MRY]

good advice, to be a good trader must learn a lot and most importantly you must know when the right time to buy or sell so that you will avoid the loss and gain profit

[sana54210]

It's a very good suggestion for beginners. I also want to add something. Don't think that within few month you will make money. If you make that is temporary. For long term consistent profit you have to give time in learning. There is no short cuts.

This always being said that patience would lead you to have good results. And really this is practical here. You can’t just think of earning big money in very start of your tenure. Rather you must understand that trading would only help you to make money in later stages. As newbie, you may be prone to many problems and causalities in early stages. So better to make this strong thinking.

[tuanphuong666]

Most Altcoins lose value over time. Its price will go down slowly (sometimes quite fast).

Think about this when you want to keep Altcoins medium and long term, and of course choose the right Altcoins. What types of Altcoins can make long term investments? Remember, only make investment deals when you have specific reasons and strategies. The following projects / coins have a high daily trading volume and have a broad community with continuous development:

Ethereum ETH, Monero XMR, FCT Factor, DASH, are the top coins and have the most trading volume each day. You should keep track of price charts and identify low and stable fluctuations. Such timeframes could be a period of consolidation of whales, and at the right time, with good news about the project, they will act and make a profit.

[speedy1987]

Hello guys and gals , it is certain that the field of trading is very profitable, but regrettably, I have seen many beginners start in this area without any knowledge of the basics. In fact, this class always fails and lose a lot of money because of their hastiness or rashness.

So, according to my experience, I want to give some useful tips, and hope they will help everyone, and will be as the following :

1- Read and learn the basics of trading:

-I think the best way to start understanding this field  is by reading books related to digital currencies,  but unfortunately, the issue that many people  read only the first pages of the book, then they stop.

"The more that you read the more things you will know, the more that you learn, the more places you'll go "
                                                                                                                                                            -Dr. Seuss
I suggest some books, and they will be as the following :
Cryptocurrency: Beginners Bible:

Mastering Bitcoin for Dummies:

Cryptocurrency Trading & Investing


-Learn how to analyze and deal with different situations ( pump, dump ..) in a smart way. Plus,  try to help yourself  with yourself, Do not complain and ask for help from the others, because no one is in your place. And even if you fail in the first attempts and lose a lot of money, then It is not the end of the world.
Believe me, learning from failed experiences will help you in order to improve your next choices, and you may start to gain a significant proportion of money.

2-Stay away from media news:

Media are always manipulating traders through some false news and even the social media (Twitter, Facebook..), They may even control what happens in the market (crisis, jump), in order to achieve the interests of some (the capitalists) and regrettably, many believe the information and fake predictions.
" Do not be a sheep and act like a wolf "

3- Be patience  and  try to be brave , not afraid:
The field of trading is profitable when you are patient and not hasty like many, and of course you must take advantage of the opportunities intelligently.
Fear is one of the most important obstacles that lead to losses, especially in difficult situations (big crash), like, panic selling...

IMO, Courage is by taking the risk, especially when there is an unexpected event (Big drop).
"Big risk, Big gain."

Cheers,  

Wow thats really great information dude. I thing for sure this will help for many newbies. I will note this down and suggest other peoples about this. Because at this current situation we need many positive information about bitcoin to price pump.

[Whosdaddy]

 Never, I mean NEVER forget that bitcoin was not meant for any of this. Bitcoin's purpose was never "buy low and sell high and make money" no it was set out to be the digital currency of people that banks and goverments of the world can not fail us. However the human nature just attracts towards "making easy money" wherever you come from and whichever country you are from.

We all started out using bitcoins for stuff, hell buying pizza for 10k wasn't a big deal at the time, it was INSANE and we all loved it, than people started to change, new people started to come, we all shifted from buying coffee and pizza with bitcoin back when we were happy with it to now just becoming the wall street brokers that bitcoin started against. Bitcoin wanted to get rid of wall street type guys, ironically, it turned a lot of people into one. Don't be like that, don't "buy" your bitcoin, "earn" your bitcoin, don't "sell" your bitcoin "spend" your bitcoin.

[giarised]

Nice tips you got there but I think your tips are lacking something. One of the most common mistake a newbie does is to invest in only one coin which in the end leads to loss if that certain coin does not perform well. That being said, you should have had included there this: "diversify your investments. Never invest in one coin only and always remember to not put all your eggs in one basket".

That is true do notninvest in only one coin tje more you are keeping yourself safe you are gonna be in trouble because if that coin fall them all you money will be in danger they will fall too and you cannot get that actually you can but of course not the same value as you put it there. So put your eggs into different baskets tjere are altcoims they are not successful yet but they will be. Do not rush things out and learn to wait for a long time because if you are closer to give up you are closer to the goal so dont be stubborn.

If you are inside the shell then come out from it and see what is going on in the market, about the processes of trading and buying selling timings. You need to act according to the present situations of the market for which you need to learn the basic market rules and guiding principles so focus on your research after which you will come to know about the market procedure.

[fluctuations]

When I first invested in this market I lost a lot of money to be able to learn some knowledge. So I think the newcomers to this market just need to spend a small amount to learn before investing a lot then I think that would be much better.

[Noilee]

These are the tips that are very useful you been shared, especially for beginners. Its a big help so that anyone have an idea about trading. You need to learn a lot, because in trading you must have a good in strategy.

[Cryptogid]

The basic useful tips is ask questions, be very careful,learn from experienced person, don't be hasty about decision making,that is where the success or failure lies..

[idex100]

I would like to add that your should not follow trade signals handed out by so-called telegram or whatsapp experts. They are often useless by the time they get to your and your my end up in big trouble in you follow them. Spend time studying before trading.

[legenduim]

one of the tips in trading is understand about trading in crypto katena it is very important and see more detail the coins you want to buy to have a good potential when you sell and most important you have to be patient.

The best advice for the beginners is to choose the most promising altcoins. Read more information about these cryptocurrencies, and your choice will be good. Pick Cardano, TRON, Ontology, Credits.