What are the useful tips for beginners?

[ethereumhunter]

very useful tips for newbie traders should you trade in a very good and patient way, meaning you must be able to control the patience you have to be able to gain profits.

Those people who are not patient enough to wait for their coins to grow before selling will just lose a huge amount of their investments so studying the industry or the market system is the best thing to do before joining cryptocurrency industry.

they never learn from their mistake so they keep doing this and then they regret what they did before. controlling the patience is the one thing that might be difficult for every people especially for new people which join in the crypto trading. but if they can learning how to control their emotion, then they don't have to panic or lose control when they see the price is down even if it's down too deep. with the patient, I am sure that they can be able to gain the profit in the future and they can make a lot of profit.

[tarpa07]

In this cryptocurrency world, too many newbies start cryptocurrency trading. If you want to start cryptocurrency trading so you must read about cryptocurrency. Most of the beginners start to invest in cryptocurrency without any knowledge and at last, they lose his money and make a negative comment about cryptocurrency so I just want to say must learn then start trading. You can follow coinmaketcap for you altcoin knowledge.

[coffigayo]

If my opinion in trading really requires practice with real money. Good and strong tip from professional traders. I think also you can read the books implement trademark traders in a short time.

[BartS]

If you are a beginner I recommend trading at a low level and analyzing buying low value coins. Time after experience you should invest more into them.

I disagree trading low market cap coins is very difficult, in fact it has been known for a long time that technical analysis is not really effective at that level because the coins lack volume, this is a reason why many newbies lose money they are trying to use the wrong tool for the wrong job, it is like using a hammer when you need to use a screwdriver, so when investing in those coins you need to do fundamental analysis and to research if everything in the coin is legitimate.

[Morgann]

If my opinion in trading really requires practice with real money. Good and strong tip from professional traders. I think also you can read the books implement trademark traders in a short time.

Yes you are right because your experience will make you become a better trader in the future so if you really know how to trade in the right time then you will avoid some wrong decisions in the future and you are going to earn more profit.

[pinkpanther03]

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 nice, for sure it will give a big help to anyone here in the forum especially for the newbies also for the old members here too about to know everything in bitcoin and other altcoins as well. Very good advise of yours mate, thanks for this tips anyway.

[Visbay]

very useful tips for newbie traders should you trade in a very good and patient way, meaning you must be able to control the patience you have to be able to gain profits.

Those people who are not patient enough to wait for their coins to grow before selling will just lose a huge amount of their investments so studying the industry or the market system is the best thing to do before joining cryptocurrency industry.

Yeah having knowledge for the new trader is so important so try to learn bout the market when you think about buying some coin,. Choose the most potency coin, and hold it for long term, most of time I think people should trade long term it has less risk than day trader, buy at the lower price and hold it till it become more than double. Never think about panic because you will surely face some rise and fall because of bitcoin volatility but your patience will turn all your lose into profit and same as those who lose because of panic selling you will not suffer at all.

[cryptolidus]

The most common mistakes of newbies are lack of patience ( they would like to get rich in one day) and panic when the market goes against them.
Most of them enter the crypto without learning about it. So learn, be patient and do not panic.

[Digital_Lord]

Yes, great tips that you can help a lot of people. You just want to add that experience is also very helpful. If you have no experience in trading. You would suggest that before using your real money to trade. For beginners is they must have a very high fighting spirit. never give up and continue to learn to do the analysis. With good analysis then a trader will be able to make good decisions. Truly a trader must have a good experience so that when we fail then we must continue to try again.

Before starting a business you should scan the whole environment for that specific thing. To be successful in that business it is mandatory. For beginners I suggest that they should study the crypto market, take a technical and fundamental analysis, search for an authentic project and then invest their money. Self-survey will make your decisions easy in your investment.

[iambakov]

Yes reading is one of the best way to learn. Also listening from the experience of others is one of the best to learn. Try and try until you succeed I believe that in that way you will find the best answer you are asking now, it is using your own risk and finding your own skills in trading world.

[crazycatwoman03]

Yes, great tips that you can help a lot of people. You just want to add that experience is also very helpful. If you have no experience in trading. You would suggest that before using your real money to trade. For beginners is they must have a very high fighting spirit. never give up and continue to learn to do the analysis. With good analysis then a trader will be able to make good decisions. Truly a trader must have a good experience so that when we fail then we must continue to try again.

Before starting a business you should scan the whole environment for that specific thing. To be successful in that business it is mandatory. For beginners I suggest that they should study the crypto market, take a technical and fundamental analysis, search for an authentic project and then invest their money. Self-survey will make your decisions easy in your investment.

Reading gives you an idea of the things that you could encounter or go through,  that's why it is very important. It is not necessary that you read all about trading,  what you need is the fundamental knowledge before actually doing trading.  Then when you are already trading,  keep in mind that every experience is a learning.  Losing is natural but if it is always the end result then there is something  wrong with what you are doing.

[htconem7]

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 believe that if you are new to market, you need to learn a lot, can see that the crypto market is fluctuating continuously and is in the downtrend phase so that to be able to trade Success at this time is very difficult. I think you need to improve your knowledge, always plan ahead and always have a stoploss. Keep track of bitcoin prices when trading.

[justsimpleram]

A very helpful tips for a beginner like me. I will read and learn all the basics trading that you suggest sir. And I will try to follow your tips sir for my trading. And last I like Be patience  and  try to be brave , not afraid because as you said Big risk big gain I like that because risk taker will have great opportunities in the crypto world.

[Angle22]

I think for beginners now more focus on learning about bitcoin, and more often post so that account can raise the level.

[Sum24]

A very helpful tips for a beginner like me. I will read and learn all the basics trading that you suggest sir. And I will try to follow your tips sir for my trading. And last I like Be patience  and  try to be brave , not afraid because as you said Big risk big gain I like that because risk taker will have great opportunities in the crypto world.

All those tips are really good, it is good to be patient and be brave to face all the situation and be wise while taking decision, to invest and trade, for the first time it is goods to trade for long term because it will support you at the time of need, investing in bitcoin for long term will give you more opportunities to buy more, having patience is the most important feature of bitcoin trading because it will control your emotions at the time of dip.

[Sweet Weapon]

Tips would be for the beginners is not to become greedy . Do not invest only on advertisement . Focus on researching the market and that individual coin that you want to invest .. And the best way would be to wait for few weeks and focus on studying and researching what people are thinking about it ..
.
If anyone can maintain this im sure he/ she is going to make a good profit out of this market ..

[geopolisch]

If you are a beginner I recommend trading at a low level and analyzing buying low value coins. Time after experience you should invest more into them.

yeah! And if you are a newbie at trading questions, you can watch webinars!

I have seen one project! They are creating powerfull portal where going everything! I mean educational portal, traders tips, ongoing icos , market review.... they are going to implement AI

Beginners or new comers should not enter immediately into the market of Bitcoin but should get experience from trading with less valuable currency like Litecoin or Altcoin because it will polish your skills and will bring your knowledge in actual practice as it is continuous process due to which you will gain momentum and experience. Now you are able to upgrade to the Bitcoin with this experience after passing through actual practices.

[KingdomHearts]

very useful tips for newbie traders should you trade in a very good and patient way, meaning you must be able to control the patience you have to be able to gain profits.

Those people who are not patient enough to wait for their coins to grow before selling will just lose a huge amount of their investments so studying the industry or the market system is the best thing to do before joining cryptocurrency industry.

Of course patience is one thing you should have when you are dealing in the crypto market. Besides, beginners should have the crypto evaluation skills and the basic knowledge about the technology and the market. These abilities will enable him to make a good strategy about what to buy and when to buy.

The important decision of when to cash, if not backed by good and wise mind, cannot incur you profit. Beginners should have these skills.

[Streamlink]

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.

Beginners should follow basic market rules at first because it is very necessary for survival and then before entering into the market try to experience the crypto market from the less valuable coins that are Altcoin Litecoin and neo which are best for short term.

In this way you will get experience and would be able to upgrade to the Bitcoin. It is true that Bitcoin is most profitable but you need to get experience for that.

New bees can start with less valuable coins in the crypto market especially with Altcoin or Litecoin so as to get and make more experience in this duration and the continuous process will polish your skills. Why short term because in case if you are lose amount here then it will not be a big loss as it is less valuable that is why it is important to gain experience with short term coins.

[Glydel1999]

As a beginner in this business,
you must know what the factors that can affect this business are and how to deal with the flow of the transaction of the business to be able to survive in this kind of business.