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Author Topic: Newbie trader  (Read 2450 times)
jrrsparkles
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July 23, 2018, 06:55:43 AM
 #21

welcome to Cryptocurrency. The first thing you need to do is to get the basic knowledge and all you need to do to be a successful trader. Their are long term and short term forms of trading. You need to identify the strategy you want to follow. You need to get a mentor as well if you wish to day trade as well. You need to be able to read the charts precisely so as to know when to enter trade and when not to enter trade when day trading.

Thanks
Get the experience first in this field before investing more money,you can just start the trading as a trial run with small amount because the experience is the best teacher than any other learning.But I want to say something if you don't want to spend much time in trading or you just need to earn money in long term then trading is not for you,you can just invest on long terms.

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July 23, 2018, 07:02:20 AM
 #22

You need some skills and knowledge what is bitcoin trading and how risky to involve in this kind of  market there are some youtubers who are teaching tutorials to beginners in youtube just watched and understand to be able to learn step by step or if you want why not buy trading software for you they can trade for you even youre sleeping.  

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July 23, 2018, 07:34:48 AM
 #23

Study the following ,
 Resistance and Support
 Chart formations and patters (Cup&Handle, Double bottom, etc.)
 Candlestick Reading
 Chart Indicators

Thank you , any recommendations site for this??
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July 23, 2018, 07:45:54 AM
 #24

what needed to start trading guys , and can you please give some trick tips , advice

You will need to know different platforms first so that you can work with them for making your trades. For example, Binance, Huobi, Bitfinex, KuCoin, etc these are the big names currently in the industry which can really benefit you from their heavy volumes. This part yo will understand later on when you start your first trades. In trading it is also important to know that which coin is best choice. There are many choices, some coins may benefit you with the swing trading method, some will be ideal for short term while others for long term. Basically you can study this once you see the listing in CMC and keep up your reproach over lot of coins and their behaviour.

 
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July 23, 2018, 07:53:22 AM
 #25

Thank you
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July 23, 2018, 08:36:47 AM
 #26

I am just a beginner and want to give a little science about trading,
first use the money ready to disappear and do not use kitchen money,
second use news about bitcoin development in social media like twitter facebook and others to predict bitcoin price and after that may be ready to trade
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July 23, 2018, 08:43:55 AM
 #27

what needed to start trading guys , and can you please give some trick tips , advice
The only people that keep trading this market and make good returned are the professionals and Skillful's traders.  Never invest into cryptocurrencies without having adequate knowledge on how cryptocurrencies market work.  It is dangerous to put in money into trading and the risky is very high for newbies.  Therefore don't invest into cryptocurrencies if you are not a professional.
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July 23, 2018, 09:18:53 AM
 #28

hello newbie
I am sure that you are new to the forum as well as you are new to invest in digital domain, you can learn from the previous ones as well as you can find the experience for the transfer. Translate
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July 23, 2018, 09:36:06 AM
 #29

what needed to start trading guys , and can you please give some trick tips , advice

Trading is the good one to gain profits but trading is not easy cause its hard to find a good coin that could give us good profit, before trading I advice you to study first the fundamentals of trading cause if you're lack of knowledge in trading you will have a big chance to lose huge money but if you well known in trading you can less the risk. always read strategy here in forum by some well-experienced crypto traders and you can watch tutorials on YouTube also look for legit exchanges like binance and kucoin this both exchanges is good to start in trading due of their platform environment is not complicated to trade.
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July 23, 2018, 09:39:26 AM
 #30

One of the most important things you can do to improve your chances of success is to approach trading as a business. A successful trading business requires a strategic plan that covers your actual business and your actual trading
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July 23, 2018, 09:54:09 AM
 #31

what needed to start trading guys , and can you please give some trick tips , advice
First, you need to have $ 1k to start the transaction. At the beginning, you should not buy altcoin and hold it too long, your money will not increase too much. You should only buy low and sell high.
wait for the red market, buy all and sell when the market rebounds. That is my business strategy and it is quite useful.
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July 23, 2018, 10:21:56 AM
 #32

what needed to start trading guys , and can you please give some trick tips , advice
first of all, you need crypto or USD or bitcoin for starting the trade. then come to the main point. you need proper knowledge about the crypto industry and the coin where you want to invest your money. I would suggest you first try to learn about the trade then join here.without it, you can lose all of your money here.
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July 23, 2018, 10:24:54 AM
 #33

First, consider the strategy and style of trading and adhere strictly to your strategy. Do not believe the news resources and do not give in to panic under any circumstances. If unsuccessfully invested do not despair it will be your experience for which you paid.
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July 23, 2018, 10:51:53 AM
 #34

what needed to start trading guys , and can you please give some trick tips , advice

Newbies need to study first the trading before they do the trading because if they do not know how to do the trading then they will find it hard to do the trading. You need to have some exchanges for trading then look at the coin at the coinmarketcap to know what coin has the potential to grow in the market in the span of time. If you do not know how to look for a good coin then you can look for the review of the coin you plan to invest to know if it is good to invest or not. Do not invest what you cannot afford to lose. You should also know when to buy and time to trade your coin so that you will double your coins. You should also have a strategy on trading so that you know how you will strategies your trading.
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July 23, 2018, 11:18:28 AM
 #35

what needed to start trading guys , and can you please give some trick tips , advice
If you want to start trading you must gain some knowledge in Blockchain technology and trading platform. So you should read the OP post of many bounty you will gain this knowledge and you can read the white paper it is helpful to choose the best project. Finally you can start low level trading, This will make profit you can continue this platform.

 
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July 23, 2018, 11:25:13 AM
 #36

what needed to start trading guys , and can you please give some trick tips , advice
Having a role like gold, bitcoin can also be a new shaped savings for the community with an easy and simple system. As a savings, bitcoin has advantages over other savings that is small transaction costs because all the usual savings intermediaries in banks can be eliminated on the bitcoin system....

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July 23, 2018, 11:34:37 AM
 #37

im a newbie from trading and i want learn more ..can you give me some tips or idea how to get a big profit.. thanks guys
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July 23, 2018, 11:40:50 AM
 #38

what needed to start trading guys , and can you please give some trick tips , advice
Learn to beat the market, Learn the key tenets of fundamental analysis so that you can determine the true value of stocks and capitalize on its price, Investopedia Academy's fundamental analysis is a self paced, online course with lifetime access so you can learn on your schedule. Learn also the 4 common active trading strategies, such as day trading, Position Trading, Swing Trading, and Scalping, Exert time and effort to research in able to become successful trader.
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July 23, 2018, 01:30:16 PM
 #39

what needed to start trading guys , and can you please give some trick tips , advice
Since you're a newbie. I will advice you to start with long existing coins with good historical data after the cryptocurrency market blood bath (Jan-Jun2018) and good trade volume (24hr) using coin market cap. While use study how to use the technical analysis and the fundamental analysis.

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July 23, 2018, 01:35:10 PM
 #40

To simplify everything, never buy a green candle and buy when "there's blood on the streets" as Warren Buffet says. When there's despondency, depression and Cryptotwitter is full of people bashing each other and saying they're gonna quit, that's when to buy. Daytrading is  a different beast altogether, balls of steel you'll need.
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