What are the useful tips for beginners?

[BartS]

Unfortunately there is no a student book which teaches you and explains all difficulties. I think that it is impossible to write a comprehensive guide because trading is experience and every trader has its own experience and a point of view on most things.
I consider that the best book about market is your own experience.

There are many useful books out there but the problem is that trading is one of those things what you can only learn by doing, in a way it is very similar to ride a bicycle, you may read a hundred books about how to ride a bicycle and you may learn a lot from them but at the end the only way to learn how to ride a bicycle is by actually doing it and the same is true about trading, this is why I always recommend for people to first invest a very low sum of money that they do not mind losing so they can get some experience at a low cost.

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[goldade]

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,  I really love these tips. They are very useful tips for beginners.
However, practically the first tip should not be limited to reading of books and articles alone. There has to be some practical aspect of it. I'd advise any beginner to invest a very small amount that he can afford to lose and then gain experience from it. Experience, they say,  is the best teacher.
I totally agree with the second tip. Media news only tend to manipulate the trader to make some wrong choices to their benefit. So I wouldn't advise any beginner to pay attention to them.

[ModGirl]

Beginners will have many questions they are not familiar with about what is in the currency market, so we should give them useful advice to help them trade better and have more experience.

 A new user should know all the basic techniques of trade and should have all knowledge about crypto currency, so that when you enter the market you must certainly understand it and learn the technical analysis to know about when to buy and when to sell, be confident when you invest, try to use small amount of money at starting but later on you can increase it with passage of time and experience.

[Dejech19]

very useful tips for new traders is my advice you do not be too panicked to sell coin at a cheap price it will make the bitcoin price to collapse and will make you get a loss, you should just bear not easily influenced by others.

My advice to the new traders is know first all the process of trading in order for them not to feel worried because they already know  it. It is easy for them to buy and sell coins because they have already the idea what the best thing to do.

[badungs]

yes, I really agree with your writing. and thanks for making such tips that are most likely to be useful for beginners. learn and read the basics of trade, this is most important for beginners who trade. with more reading and learning, the more things you will know. always see the latest news. because I think the positive and negative news, also affect the rise and fall of market prices. be patient and brave, being patient will probably dispel the sense of panic and with the courage of not afraid to fail, may lead one to success.

[julzcoinbit]

yes, I really agree with your writing. and thanks for making such tips that are most likely to be useful for beginners. learn and read the basics of trade, this is most important for beginners who trade. with more reading and learning, the more things you will know. always see the latest news. because I think the positive and negative news, also affect the rise and fall of market prices. be patient and brave, being patient will probably dispel the sense of panic and with the courage of not afraid to fail, may lead one to success.

Yes! Its definitely very useful for those newbies where as they don't know when to start to begin knwing the cryptocurrency, especially In trading method and how to choose the good alltcoin to Invest with It.

[nydiacaskey01]

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 "

There are media outfits out there that gives out legitimate news and there are bloggers that copies and paste news, meaning materials are not really a product of their own research or work. I would stay away from those bloggers that are just paid to pump or hype a project and also sites that pretends to give great news but are just copied from another site.

[gohan21]

Of course, this is a great help to newbie newcomers trading and investing in order to avoid large losses in crypto trading. I think many people also can not read this topic and just explore google about crypto currency to learn

[hoavantathan]

What i learn is when they sell, you buy. When they buy, you sell. I only care about what people do.

[dharnamonitor]

I agree,  we should start by reading the necessary books in order for us to atleast educate ourselves before jumping to the things we were not even familiar with. What you've said about stay away from the news is right but we can still used it for our own tactics just like what they've said, buy the rumors and sell the news, we can use those two things for our own benefits.

[deppil]

very useful tips for new traders is my advice you do not be too panicked to sell coin at a cheap price it will make the bitcoin price to collapse and will make you get a loss, you should just bear not easily influenced by others.

Yeah that's the most important tips. because every day the price will always go up and down very quickly. and it may drop very
deeply. most newbie are easily panicked and will probably sell off all their coins. all you have to do is be patient and do not panic

[MidKnight]

I agree that we really need to avoid checking the news like CNBC because they are confusing people instead of telling accurate events. I trust crypto youtubers more than them.  So newbies check them out and you will definitely get real and unbiased news on them.

[ShineftChaos]

very useful tips for new traders is my advice you do not be too panicked to sell coin at a cheap price it will make the bitcoin price to collapse and will make you get a loss, you should just bear not easily influenced by others.

The best thing is learn on how you are going to trade safely like studying the market transitions in terms of prices or reading news and speculations in order to determine if you will be earning profit or not before investing a huge amount.

[Google+]

tips that may be very useful for a newbie like you and others who read this you better read first what is bitcoin and after that understand how to benefit from bitcoin trading and learn to be able to control your patience.

[itscomplicated]

This is what I'm using,
Reverse Pivot Strategy, learn more about this cuz its hard to explain here

[BaraxLo]

For beginners, i would suggest you shouldn't invest a lot of money at the beginning, only invest as much money as you can afford to lose. Before investing, follow a few months charts of the coins you want to buy then decide what is the best price to want to grab it.

We have been reading such comments from very long time and yes this really affects. When you re newbie and you don’t have any solid experience in this field, you don’t have to be so smart. Rather keep yourself restricted to short investments so that if in the case of loss, you can be able to afford that loss as well. Never ever just invest bigger money in start rather practice and then go for.

[BlueStackz]

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?!

It is of no doubt that the first attempt in not easy and at all and we face with difficulties during any surrounding. So you will also feel uncomfortable and will be facing difficulties in your first days but it is an advice from my side to keep monitoring and observing the market of your desire so that you may learn how to handle everything after which you can start with no hesitation.

The useful tips for beginner are to search the market thoroughly and get the fundamental information about crypto trading. Scan the situation in a better way so that you know the profit and loss phenomenon well. Read the project authentication and market value of a coin. As much experience and knowledge you gain you will become a good trader.

[Souldream]

For beginners, i would suggest you shouldn't invest a lot of money at the beginning, only invest as much money as you can afford to lose. Before investing, follow a few months charts of the coins you want to buy then decide what is the best price to want to grab it.

We have been reading such comments from very long time and yes this really affects. When you re newbie and you don’t have any solid experience in this field, you don’t have to be so smart. Rather keep yourself restricted to short investments so that if in the case of loss, you can be able to afford that loss as well. Never ever just invest bigger money in start rather practice and then go for.

In my case I only make my self as an effect user and trafer of cryptocurrencies when I taught myself on how to become self-reliance to be able to learned from own researched, self learning by reading more iseful tips here in forum and especially a massive study how the market goes around though unti now I couldn't know exactly what happen to the market.

[unconscious]

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.

[MMnoob]

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.