What are the useful tips for beginners?

[websoftwareengineer]

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.

I believe that beginner's should understand how the system in the market work's like buy when the market price is low and sell it again when it increases, with this simple rules, anyone can be very rich if they are patient enough on the different situations in the market.

[1715623043]

1715623043

[1715623043]

1715623043

[1715623043]

1715623043

[1715623043]

1715623043

[1715623043]

1715623043

[MrFeasible]

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:
https://i.imgur.com/vbhcgFt.jpg
Mastering Bitcoin for Dummies:
https://i.imgur.com/MqQLIQT.jpg
Cryptocurrency Trading & Investing
https://i.imgur.com/6XbMY5E.jpg

-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,  

To be honest, I think forum reading will take you further than book reading. The way this world evolves and changes can be so quick that a book published 6-12 months ago can miss a lot of tricks.

[aTriz]

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.

In my opinion the first step is to study thoroughly the market of cryptocurrency and to observe the trend of the propel. It is best for entering. I entered in this world through my friend who was an experienced crypto investor and has made thousands of dollars. By this way you can handle any problem easily if an expert is available for your help.

[AlaEhBTC]

Nice tip especially number two. The media are the one who spreads FUD in all of us.

[automaticmoney]

most important tip for beginners are nt to follow any fud news in the market and feel panic and sell the coins in loss u should wait for market to recover and crypto currency need lot of patience to book profits every day is nt profit making day

[mybtcasset]

Beginners should nt react to every news in the market they should follow discipline and price target before entering to cryptocurrency and keep step 2 verification for all the accounts

[tambok]

Beginners should nt react to every news in the market they should follow discipline and price target before entering to cryptocurrency and keep step 2 verification for all the accounts

It is very useful if we are going to at least make ways on how are we going to have a great job in trading, useful tips are great to have too at first, since we are getting techniques on experts, studying and making experience on our own is the best too.

[BagzMM]

Know what you are investing for. Don't afraid to invest because you learn from experiences and if you will not take a risk you will not gain something. You can minimize the risk if you have experience.

[Finestream]

Know what you are investing for. Don't afraid to invest because you learn from experiences.

Exactly.Experience is still the best teacher after all so overcome your fears through making good or bad experiences in trading.The best tip for a beginner is trust your own experiences when it comes to trading.Build your own self-confidence because you will gain nothing if you keep on depending to others' decisions so learn from your own experiences in trading and develop your own skill from it.

[ethereumhunter]

Know what you are investing for. Don't afraid to invest because you learn from experiences.

don't forget to keep learning related to cryptocurrency because you can add another knowledge and skills that will useful for you in the future. besides that, you need to practice what you've read so you can have another experience and you can make a profit too. don't worry if you cannot make a profit because you will have your time to make a profit and it's only a matter of time.

[Bagani]

Great tips bro, this is just some tips may could help newbies life but not totally make them better. Just push to not get any big failure as from start. But if time comes you failed in a certain thing this is the time we change. Exoerience is most best way to be a pro. Not knowledge not money not anything. There is always good and bad times, i advice to w newbie to not surrender in crypto. Most of us just rise from the deep

[nl247]

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.

From the way I have been seeing the way newbies invest lately, I believe there is a lot of things every new investor need to know about capital management as well as how to research and understand their area of investment properly well before hopping into anything. The problem now is that a lot of people are too lazy doing all that, and they just want to get rich fast not knowing that nothing good comes easy and to get the best of anything, you have to be fully prepared.

[Stioned1987]

in case you are new to trading and feature now not been thru all of the transactions, then I endorse the following items
You have to go to youtube to listen the preceding enjoy sharing and you ought to read the status website online looking for the buying and selling platform that you agree with.

[pandanaran]

Why should we must stay away from media just because of the possibility of fake news being spread? I think the media play a very important role in the movement of the value of cryptocurrency, indeed false news can be very impact in the market but we also have to clarify the news we meet, we also must be smart in exploiting the condition of the news effect, and also I think news is very meaningful in analysis I made.

[TradersLedger]

A signal channel is a great guidance tool for a beginner trader. You just have to realize that you shouldn’t invest blindly.

Having someone to do the market, trend, technical and other key analysis - is a major advantage if you ask me. It just saves so much time.

If you’re interested in cryptocurrency trading, not advise, but you might to check this article: http://cryptocurrencytrading.group

[Nhor1011]

   Experience is the best learning tools for the beginners. If you didn't try then you will not learn and if you failed twice that is okay, just learn from your mistake. Learn also the market movement and price changes. Make your own strategies and always think positive and be a risk taker.

[justdimin]

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.

In my opinion the first step is to study thoroughly the market of cryptocurrency and to observe the trend of the propel. It is best for entering. I entered in this world through my friend who was an experienced crypto investor and has made thousands of dollars. By this way you can handle any problem easily if an expert is available for your help.

Reading, learning and keep on learning is the best way to be successful at anything. What you know cannot be taken away from you and what you know is what brings about informed decisions. Apparently, a lot of people are too lazy to learn which is why the keep finding the easy way out and then thought investing and just investing in cryptocurrency market without any form of understanding is good alone for them.

Nevertheless, this is an investment area with so much to understand before even going ahead with either investment or trading as the case may be, and only if people can understand that will they be able to start doing things right.

[taktik]

   Experience is the best learning tools for the beginners. If you didn't try then you will not learn and if you failed twice that is okay, just learn from your mistake. Learn also the market movement and price changes. Make your own strategies and always think positive and be a risk taker.

I think all the talk about care and attention is emotional. The best advice for a beginner will be that he will be able to trade on the earned money and at the same time not to spend personal money. Beata initially needs to participate in the Bounty of the company and simultaneously study all the initial knowledge of the trader.

[Malsetid]

  Experience is the best learning tools for the beginners. If you didn't try then you will not learn and if you failed twice that is okay, just learn from your mistake. Learn also the market movement and price changes. Make your own strategies and always think positive and be a risk taker.

Try to watch and observe how long time traders do it. There are several tutorials in the internet that you can take notes from, even youtube videos. Visual tutorials are  easier to grasp for most people so take time to check them out. And make sure you know and you're prepared for the possibilities that can happen in trading. Understand that the possibility of losing money and having to wait a lifetime to profit is very high so when it actually happens, you're emotionally prepared for what you've gotten yourself into

[jennyluwariz]

Thank you for the valuable information you have given, I am following Buy at low and sell at high policy in order to get little profits, though i am a newbie in this, i have been holding coins since so long now.