What are the useful tips for beginners?

[negancoin]

In my opinion trading requires practice with real money, reading books will not help you and you will just waste lots of time, even with with good information that you get from books, when it comes to trading you need experience.

[Ljanesanti]

In my opinion trading requires practice with real money, reading books will not help you and you will just waste lots of time, even with with good information that you get from books, when it comes to trading you need experience.

The best tip comes with experience. You'll lose a lot but don't lose your mind. You'll learn a lot too on your experience and will understand thatyou have to be practical and foxy on investing.

Do not invest what you can't afford to lose.

[anonymous2020]

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,  

Thank you for these tips this will help me a lot in this field of trading. I believe that knowledge is very important here. Also what you said about media is true, media is bringing us down so better not listen to them.

[BarryCrypto]

Investopedia, Udemy and youtube have some great articles regarding trading and crypto, that is where I first started.

[usmanov123]

Dont start trading with a lot of money. You will caught up in a pain factor and it will slow down your learning a bunch

[mendozaaria1]

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,  

I would also like to know what I learned as a trader, first of all we need to observe each market so we know every market behavior, observe a few months, and when it first knows, invest in small, and try to grow in trading.

[logicgate]

In my opinion trading requires practice with real money, reading books will not help you and you will just waste lots of time, even with with good information that you get from books, when it comes to trading you need experience.

The best tip comes with experience. You'll lose a lot but don't lose your mind. You'll learn a lot too on your experience and will understand thatyou have to be practical and foxy on investing.

Do not invest what you can't afford to lose.

  All are talking about new things and complications but first let us describe the simple rules and basic knowledge of the market for beginners. Listen new comers, always trade by following the market rules first and then make decisions. Buy always in a low market so that you may get large quantity of coins on low price so this is in your benefit and right after that place your coins for selling if you are in profit.

[KenChanYu]

In my opinion trading requires practice with real money, reading books will not help you and you will just waste lots of time, even with with good information that you get from books, when it comes to trading you need experience.

The best tip comes with experience. You'll lose a lot but don't lose your mind. You'll learn a lot too on your experience and will understand thatyou have to be practical and foxy on investing.

Do not invest what you can't afford to lose.

  All are talking about new things and complications but first let us describe the simple rules and basic knowledge of the market for beginners. Listen new comers, always trade by following the market rules first and then make decisions. Buy always in a low market so that you may get large quantity of coins on low price so this is in your benefit and right after that place your coins for selling if you are in profit.

We all started as newbies and nobody becomes excellent and successful without having to go through failures. It's important that beginners should create a fundamental ground to learn and study about cryptocurrency. There must be willingness, commitment, and patience inorder to survive in the field of cryptocurrency.

[Bustart]

In my opinion trading requires practice with real money, reading books will not help you and you will just waste lots of time, even with with good information that you get from books, when it comes to trading you need experience.

The best tip comes with experience. You'll lose a lot but don't lose your mind. You'll learn a lot too on your experience and will understand that you have to be practical and foxy on investing.

Do not invest what you can't afford to lose.

  All are talking about new things and complications but first let us describe the simple rules and basic knowledge of the market for beginners. Listen new comers, always trade by following the market rules first and then make decisions. Buy always in a low market so that you may get large quantity of coins on low price so this is in your benefit and right after that place your coins for selling if you are in profit.

For beginners, assess your level of readiness, never be afraid or hesitate to explore new things and to learn new ideas. Be visionary, read a lot, learn not only for compliance but for life, for the better, and for personal and professional growth. Be strategic, in terms of investment or in trading, it's a trial and error game, it's a quest until you find the best strategy for you, stick with it, learn from the good and bad experiences, be hopeful and be positive.

[xali]

if you are just a newbie in here, the bets thing that you can do is just to try to avoid having too much feelings while trading, and try to avoid being a greedy guy

[YTBitcoin]

In my opinion trading requires practice with real money, reading books will not help you and you will just waste lots of time, even with with good information that you get from books, when it comes to trading you need experience.

The best tip comes with experience. You'll lose a lot but don't lose your mind. You'll learn a lot too on your experience and will understand thatyou have to be practical and foxy on investing.

Do not invest what you can't afford to lose.

  All are talking about new things and complications but first let us describe the simple rules and basic knowledge of the market for beginners. Listen new comers, always trade by following the market rules first and then make decisions. Buy always in a low market so that you may get large quantity of coins on low price so this is in your benefit and right after that place your coins for selling if you are in profit.

We all started as newbies and nobody becomes excellent and successful without having to go through failures. It's important that beginners should create a fundamental ground to learn and study about cryptocurrency. There must be willingness, commitment, and patience inorder to survive in the field of cryptocurrency.

Only those go to some failure who do not have any guidance or knowledge about trade. For getting a start as a newbie it is compulsory to get the guidance and to learn from books and from the articles on internet about trade to save from the lose in the beginning.
While if you do not find any person for trade then do not spend high amount but take start with a smaller amount as you can lose them all if you gone for wrong.

[BartS]

Here is the deal. Not trusting media is not really what it meant. More like not trusting the crowd because most of them follow the media. So think differently, think out of the box than what you usually see.
There are a lot of manipulators in this market. Don't follow what they want to do. Be one of them.

Lastly, the golden rule: invest only what you can afford to lose.
Remember that you are investing for the uncertainty.

This is interesting most people want to be leaders to be the ones that take decisions, but when you see their actions they do what everyone is doing and so they are nothing more than followers and I do not need to tell you those people never make it too far in life, so if you want to have success in this market you will need to have your own ideas, stop following the investment advice of others and create your own strategy since that is the only way to become successful.

[Hatuferu]

Here is the deal. Not trusting media is not really what it meant. More like not trusting the crowd because most of them follow the media. So think differently, think out of the box than what you usually see.
There are a lot of manipulators in this market. Don't follow what they want to do. Be one of them.

Lastly, the golden rule: invest only what you can afford to lose.
Remember that you are investing for the uncertainty.

This is interesting most people want to be leaders to be the ones that take decisions, but when you see their actions they do what everyone is doing and so they are nothing more than followers and I do not need to tell you those people never make it too far in life, so if you want to have success in this market you will need to have your own ideas, stop following the investment advice of others and create your own strategy since that is the only way to become successful.

Yes.Have faith in your own trading experiences because that will  help you learn from your own mistakes and avoid doing it again to minimize some losses.Be an open-minded person if you want to succeed in crypto trading,and continue learning by doing so you will have a bright future in this risky crypto world.

[qwertyup23]

I am really grateful for providing such in-depth guides for newbies regarding day trading. Many new traders seem to overestimate the risks and the process of day trading. It really involves complicated methods and you also need to posses the necessary skills in order to reduce the risk. But even someone who has no background of business or finance can be an expert to trading, given the right amount of discipline and guidance.

Just to add, whenever you trade your resources or coins, you must be ready for all outcomes. Treat your investments or coins as the money that you are willing to lose and you should observe the market frequently and smartly in order to make the rational decisions. Remember that trading can be very unpredictable and the result that you are expecting might be the opposite.

[goodvibes05]

This is a very nice and useful tips especially for beginners who wants to try trading business. Reading books, researching is best way to learn how to trade. Before you start in trading make sure you're emotionally ready, make some strategies and don't expect too much because everything that is in the market is unpredictable. So be wise.

[Fedrey]

This is a very nice and useful tips especially for beginners who wants to try trading business. Reading books, researching is best way to learn how to trade. Before you start in trading make sure you're emotionally ready, make some strategies and don't expect too much because everything that is in the market is unpredictable. So be wise.

What books can you recommend for a beginner trader? As for me, the best collection of information for a trader is bitcointalk. This forum has gathered enough knowledge to use them for quality business.

[futuret]

if you are just a newbie in here, the bets thing that you can do is just to try to avoid having too much feelings while trading, and try to avoid being a greedy guy

Yes that is one way to control the emotional factor while trading. Adding about the skills, I would say a newbie should be well versed about the technology he/she wants to invest in and the market situation by which I mean to say he/she should have the perfect market knowledge. Also some knowledge about economics and finance would not be bad either.

[annango]

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.

Indeed, there are many factors that taking impact to our trading effectively. Three tips above are really necessary for not only newbie but also all of people in this market. We all know that if we don’t have knowledge, definitely we would get trouble in analyzing and making decision as well. Moreover, patience is also an important key that leads us to much experience and from it we can build skills which help us do trading profitably. About media news, we probably  get information fom it, but we’re better off consider carefully the news. In addition, everyone should perform their own strategy in trading, because that would help one to learn from mistakes easily.

[Markperop]

if you are just a newbie in here, the bets thing that you can do is just to try to avoid having too much feelings while trading, and try to avoid being a greedy guy

Yes that is one way to control the emotional factor while trading. Adding about the skills, I would say a newbie should be well versed about the technology he/she wants to invest in and the market situation by which I mean to say he/she should have the perfect market knowledge. Also some knowledge about economics and finance would not be bad either.

Initially, a beginner needs to learn enough information to understand what exactly he wants to do. in any case, at the same time as theory, you need to engage in practical activities, but this requires a small start-up capital.

[Hassan02]

if you are just a newbie in here, the bets thing that you can do is just to try to avoid having too much feelings while trading, and try to avoid being a greedy guy

Yes that is one way to control the emotional factor while trading. Adding about the skills, I would say a newbie should be well versed about the technology he/she wants to invest in and the market situation by which I mean to say he/she should have the perfect market knowledge. Also some knowledge about economics and finance would not be bad either.

Also on how they can be able to learn here is what could be the best gather the knowldege in a way wherein this is really helpful basic thing is the best atleast that you know how to understand this as well.