What are the useful tips for beginners?

[KorakPawon]

I think the 3 important things you mentioned are enough for the knowledge of new players, if you want more then have to search for articles on google but I think it is not important, just doing 2 things is enough, you should be patient and do not easily affected with people else just that is enough.

the advice is pretty good and I just want to add a little when you've been looking for information in various media please try it because if you do not try you will not know what your shortcomings when getting a mistake in following a bounty or campaign do not make yourself guilty but make it a lesson for the better.

[IgniHash]

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,  

Well, this is topic is quite useful. I would try to buy those books. Can I buy it on Amazon?
Recently, I only study all Cryptocurrency stuff via the Internet. I think it's time to learn from those books.

[whaawh]

I think the 3 important things you mentioned are enough for the knowledge of new players, if you want more then have to search for articles on google but I think it is not important, just doing 2 things is enough, you should be patient and do not easily affected with people else just that is enough.

the advice is pretty good and I just want to add a little when you've been looking for information in various media please try it because if you do not try you will not know what your shortcomings when getting a mistake in following a bounty or campaign do not make yourself guilty but make it a lesson for the better.

Of course, the proverb sounds very beautiful when they say that one must learn from other people's mistakes. But as a rule, everything happens the other way round. We make mistakes and then try to avoid such situations in the future. Therefore, the best advice is that it learns from its mistakes.

[sbnseo]

Great post of biggners. Lot of people don't know anything about crypto & jumping tp crypto world
They are loosing lot of money. So if you try to invest u need to understand all about crypto

[Cryptartur]

I think: to begin you must read about crypto or maybe speak with your friend that now something about this.

[avonka]

My advice for beginners is to learn about crypto , listen everybody but make Your own decisions. Invest only what You can afford to lose, never invest that Your existence depends on it. Diversify Your portfolio in several parts and minimise the risk of losing everything .

[BartS]

While the three tips the op gives are very basic unfortunately many people do not apply even one of them, many people do not take the time to learn about the market, are easily influenceable by the media especially the media that is against bitcoin and the worst part is that they lack the patience to keep holding their coins because they think they can obtain profits really fast, if they applied those three advices by the op the chances of beginners to make money will become way higher.

[yvesp110]

First of all, study the theory in this forum. There is a lot of useful information, look through and ask questions in the topics you are interested in, be active in this forum and you will receive knowledge, a matter of time.

Never put others strategies without monitoring the market as market situations are different on different stages. Choose a valuable coin if you are productive investor that will give you huge profit or huge output of your investment. Try to buy and sell on their times, buy at low price and sell at high price in high market. You have to be calm in this market as this investment is favorable for long term in order to collect huge profit at a time and for short term you will get less profit on each trade.

[raider150shifter]

Start trading with a small capital, it is a fact that every newbie traders lose a trade, so with a small capital you gain a lot of experience and knowledge while only losing a few bucks.

[Maddinson100]

I think the 3 important things you mentioned are enough for the knowledge of new players, if you want more then have to search for articles on google but I think it is not important, just doing 2 things is enough, you should be patient and do not easily affected with people else just that is enough.

the advice is pretty good and I just want to add a little when you've been looking for information in various media please try it because if you do not try you will not know what your shortcomings when getting a mistake in following a bounty or campaign do not make yourself guilty but make it a lesson for the better.

In order to start the trading process a beginner do not know nothing if he has no knowledge how to start trading but this is very easy and you can simply enter by following few major steps. You should choose a valuable coin if you can afford to trade with but with valuable coin you will get huge profit, now place the coin in your exchange in order to sell it. Try the most rated exchange and be aware of the market timings for trading.

[Lock00Live]

If you are a newcomer then I think you should learn how to trade and experience from those who are ahead, do not be too hasty, hasty will not be good, although in mind you want and see that coin is potential. You want to buy them immediately, but no, you still have a lot of loopholes vulnerable to cheat, trust me. Learning is the most important thing.

[ethereumhunter]

If you are a newcomer then I think you should learn how to trade and experience from those who are ahead, do not be too hasty, hasty will not be good, although in mind you want and see that coin is potential. You want to buy them immediately, but no, you still have a lot of loopholes vulnerable to cheat, trust me. Learning is the most important thing.

this is the first thing that he should do so he can know how to trade without any problem. he can learn to trade by watching video on youtube while he can open the exchange site so he can know the reality of trading. and if you can make your first time profit, don't be over in happy because you still need more profit in your next trade so you to learn more in trading but be careful when the market is going down and don't buy anything if this is happening because this is too risky.

[Zlatna Kopa4ka]

Number one most useful tip for beginners entering in the crypto world is obviously listening to the more experienced traders. I would kind of disagree with your take on staying away from media news though. There are a couple of people and news portals which know what they are talking about. I'd suggest staying away from Tai Lopez, as myself and many people see him as a joke and a basic salesman, he is not a crypto genius, enthusiast is probably the most of his interest into trading. Taking risks is okay, not huge stakes investments though, as you're still a beginner. Patience and not being afraid of failure is also a very important tip, reading a book or two certainly helps.

[@bamaricibo]

Start trading with a small capital, it is a fact that every newbie traders lose a trade, so with a small capital you gain a lot of experience and knowledge while only losing a few bucks.

Do not rush the initial step, the first investment is to have knowledge, to have experience, not as a game to beat them based on luck, the market today more difficult, the investment also If he is new, I suggest he should hold ETH and BTC are two safe coin and can make the most profit on the Crypto market.

[koicrypto225]

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.

The tips presented are undoubtedly useful when dealing with crypto and especially in its trading as risk is expected. However, in my opinion, media is also a useful source of information as long as caution is coupled in dealing with it.

[PancherBitCoin]

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.

The tips presented are undoubtedly useful when dealing with crypto and especially in its trading as risk is expected. However, in my opinion, media is also a useful source of information as long as caution is coupled in dealing with it.

it's somehow that the latest news about the Crypto-currency is not positive. But the mass media predict Bitcoin's death, and with it, all the crypto-currencies. But real judges of crypto currency know that things are not at all the way they present information to the public.

[BartS]

Number one most useful tip for beginners entering in the crypto world is obviously listening to the more experienced traders. I would kind of disagree with your take on staying away from media news though. There are a couple of people and news portals which know what they are talking about. I'd suggest staying away from Tai Lopez, as myself and many people see him as a joke and a basic salesman, he is not a crypto genius, enthusiast is probably the most of his interest into trading. Taking risks is okay, not huge stakes investments though, as you're still a beginner. Patience and not being afraid of failure is also a very important tip, reading a book or two certainly helps.

I disagree it is true there are some small amount of media channels that offer reliable information but as a newbie how are you going to distinguish which is which? The truth is you wont be able to tell the difference and since bogus sites outnumber good sites many times over the chances that newbies listen to bad sites is way higher so I think that recommending to newbies to not listen to the media is the right advice and it should be followed by those that are starting in this market.

[cryptosluck]

the books provided in this thread is very much useful for a beginner thank u for providing book names

[iqlimasyadiqa]

If you are a newcomer then I think you should learn how to trade and experience from those who are ahead, do not be too hasty, hasty will not be good, although in mind you want and see that coin is potential. You want to buy them immediately, but no, you still have a lot of loopholes vulnerable to cheat, trust me. Learning is the most important thing.

it is called a patience. in trading then we are in need of a patience, in the absence of it then a beginner will only experience defeat. this is a learning and every day that we get the science will increasingly. With patience then we can learn to restrain emotions in order to make the right decision and also good. yes trading requires several aspects to achieve success. without it then we will not get anything in in the world of trading.

[ronafurw]

If you are a newcomer then I think you should learn how to trade and experience from those who are ahead, do not be too hasty, hasty will not be good, although in mind you want and see that coin is potential. You want to buy them immediately, but no, you still have a lot of loopholes vulnerable to cheat, trust me. Learning is the most important thing.

it is called a patience. in trading then we are in need of a patience, in the absence of it then a beginner will only experience defeat. this is a learning and every day that we get the science will increasingly. With patience then we can learn to restrain emotions in order to make the right decision and also good. yes trading requires several aspects to achieve success. without it then we will not get anything in in the world of trading.

Trading is a profession where you never know what market is going to turn into next minute. You are supposed to stay active all the time and alert as well. Trading needs a person who does not go under stress easily and is highly patient. One should have good control over nerves for making money here. This is why I am not into training because I have little patience. I cannot keep waiting all day long.