What are the useful tips for beginners?

[Bagaji]

Well, reading the above books will guide beginner in the crypto currency trading. Although the bottom line is mostly to learn the technical and fundamental analysis because it is the only way you can succeed in trading crypto currency except if you want to gamble with your money.

[InziderX]

Money management is the key!!!!!!!!!!

This is the secret.

You can loose 8 time on 10 and still make money.

Its no magic - its MM!

Technical analysis is good, but you need so much more.
Money management and psychology are keys.

What's psychology ?
If you loose 8 times in a row and change your plan....

Psychology is the ability to stick to your plan.
Because who need a plan that it doesn't follow?!

[djselery]

I advise beginners with crypto trading to take their careful time learning at least the basics about this field, how to study and analyze the charts and the market, how to choose the most profitable currencies for trading, and how to choose the best moments to sell or buy the coins.
Then it is also advisable to start with small amounts until they get good experience.

[Blessed J]

I really like the points mentioned there and these are very useful. The golden rule is you have to be patient and there is no need to panic. Most people just want to see crypto crushing and all they do is to spread false news in order to cause fear and panic so that people can sell at lower prices. There is the need to be patient when prices drop because it is all part of the investment.

[barsharkol12]

Great tips. Beginners should be must knowledgeable in trading so that they can adapt in every changes in market.

[syaripudin]

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,  

this is a pretty good suggestion and if I may add one more suggestion. I think trading is a risky activity so for beginners to start trading with a small amount it will further minimize its risk level.

[Ewinsane]

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.

Could not agree more. This is what the new guys in the market should have before investing. They should have this ability to evaluate the profitability and risk related to the crypto. Besides, perfect information is something very needed in the crypto market and is a way to earn some good money.

Moreover the initial investment should be a small investment to just have a glimpse of the market. Once you are experienced enough, you would be well off in the end.

[nightways]

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.

The market is full of people with different minds, some are good in short term and some are in long term and can best handle with different coins. now if you are a beginner then I will suggest you to go for short term trading with less amount so that you may perform it many times and after gaining experience you may come for placement of huge amount either in  short term or long term.

[el kaka22]

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.

Knowledge is important in anything and the good thing about the digital age is that they are easily accessible as we get to see people talk about their experience which anyone can learn from, see how they can make things better and how they can take advantage of the best opportunities in the space without bringing any form of emotion into it.

This is just the tip that works best for any beginner, which is to learn the area of your investment perfectly well and you will be making quality and well-informed decisions.

[JohnnyBobby]

Also to be careful with low marketcap coins, in one instance you could see massive 2x-10x profits if your coin starts to moon, on the other you could be stuck with something that'll take 6 months to move a few satoshis. Do your research carefully before plunging headfirst into the s***coin pool!

[supercanada1]

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.

You are welcome but not only this. You also need to have a little investment in the start. Since you are new in the market and would face different situation in which you might also loose some money due to the lack of experience and information, you should have a small initial investment. This will give you the market exposure and you will be better off next time when you invest.

[Mr.ZODIAC]

Also to be careful with low marketcap coins, in one instance you could see massive 2x-10x profits if your coin starts to moon, on the other you could be stuck with something that'll take 6 months to move a few satoshis. Do your research carefully before plunging headfirst into the s***coin pool!

only the beginner still needs to learn how to determine the prospects of the project. Simply studying the information of the company ico will not lead to female success yet. We need to know what to look for, and compare with what. First of all, I draw attention to fundraising from investors.

[supremacy10]

What is the best browser to access metamask on android phone , thanks in advance

[goldcoinminer]

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.

You are welcome but not only this. You also need to have a little investment in the start. Since you are new in the market and would face different situation in which you might also loose some money due to the lack of experience and information, you should have a small initial investment. This will give you the market exposure and you will be better off next time when you invest.

I agree.Experience and exposure to the real world of trading will probably mold you to the best trader you will ever be.So seize the opportunities in every way and be always optimistic and have a good mindset in trading.And lastly,build more patience in trading as this will be your best key to last longer in trading.

[Shenrox]

I think that the advices are always going to be the same in here, the most important one is just do not lose your mind trying to catch and hunt more profits

[shone08]

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 first thing you need to learn is how the trading site work(how to buy/sell altcoin) then read the trading terminology to be familiar in crypto trading, dont be emotional if you are doing trading , dont be greedy always set a target to avoid losing your capital in short period of time then last always pray and trust your instict haha 😁😁

[developer101dev]

I think that the advices are always going to be the same in here, the most important one is just do not lose your mind trying to catch and hunt more profits

Most of the people today who are holding a huge amount of coins in their wallet are taking a lot of pressure because the prices are decreasing so the best thing to do right now is just to hold your coins to avoid losing it for nothing.

[Duzter]

The entire cryptocurrency network is highly a risk involved platform. Be prepared to face any kind of issues, and in particular you don't know what will happen by the next minute. The ongoing price move is just an example, it has dropped around $750 in a single day. It'll surely grow back, but when it happens again is the question, which is always unknown.

[Binmado]

I am also a novice, but I have a few ideas, do not dare to call it advice but I suggest the following: do not rush in this market, be patient, and must know how to analyze a project or one dime . So you have the opportunity to get rich from the cryptographic market.

[BartS]

Well, reading the above books will guide beginner in the crypto currency trading. Although the bottom line is mostly to learn the technical and fundamental analysis because it is the only way you can succeed in trading crypto currency except if you want to gamble with your money.

There are many people that take the time to learn fundamental and technical analysis but they never master something even more important, themselves. What it is the point of learning all of that when even if you know what you should do to obtain profits you end up doing the opposite? There are many people like it that know they should not sell their coins and yet they do it because they lack the strength of character to keep holding their coins no matter what.