trading tips and advice

[youngmobi]

for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?

[jarojak]

Yes, just like forex trading, cryptocurrencies trading involves high risk.  Up and down, pump or dump.  Just use money you can afford to lose for trading.

[X-ray]

for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?

Here's my suggestion about that, you can try to use your $500 to trade and after you have been getting decent profit and it's much better for you to get back your initial investment fund and then try to use your profit to do another trade or investing in the coin. this will be minimize your own risk rather than betting all of your amounts. your idea looks so bad for me.

[MoeKaloolon]

I would advise that for a newbie you might want to stay off trading for now, unless of cos you are truly grounded with knowledge to scale through. Trading is something that might get you losing your money, especially if you do not know your way through it, as it is very risky. Also, you might to consider not putting all of your funds in it.

[Kazkar]

Just do not buy right away for the full amount. If the price falls, you can dilute it. On the Internet, there are many interesting videos about this theme.

[coolon]

for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?

Now it is better not to trade, you need to wait for the bull market. If you trade it is worthwhile to put a stop-loss and trade for short. You can trade in a long time if you are willing to wait.

[global110]

Yes your decision is good, like you said it works better on a good coin. Just make sure next time you trade with the amount you can afford to let go if something happened and also, study the coin  well before trading on it.

[passwordnow]

for example i trade with 500$ after some days that particular coin raise up my 500$ turn to 600$ i can use 400$ to invest and use the other for home purposes but i think it can work if only the coin have a good value but when the coin worth nothing your 500$ might come down to 200$ that's the risk in trading sso please is this decision of mine good or bad?

It is the possible thing in trading, you can turn $500 to $600 within a split minutes.

But there's also some chances that it can drop lower than your said price and it mostly happens to the coins that aren't really so popular.

[miracle24]

You have made the right decision by taking profit. This is the best thing to do, trading with the balance and if profit comes, you will be fine and if not, there is a backup.

[emmiebrizzie]

I think you should keep your money for now and stay away from trading until the market gets stable. While waiting for the market to be stable, you can go to youtube and watch some trading videos for beginners or take a trading course online.

[Baimovic]

yes, it is a good decision, and you should take your advantage, a good tip is you should analyze every movement of your coin and be patient.

remember, that fluctuations never stop, buy with other assets if your coin is good !

[the13thsymphony]

A very good tip in trading is that never be too emotional as it can get the better of you. Always assume the worse case scenario in every trade, take calculated risk because it is better to be too careful in trading than losing all of your capital. Studying the market up and down trend can help you tremendously as you will see potential coins to trade with and potential bear traps along the way.

[grendel25]

Currently, the wise choice in cryptocurrency is to play the hype cycle.  Well, actually it has probably always been like that with some exceptions like bitcoin and others.  But right now, there is so much FOMO that it is very easy to just find a new coin that has low/zero pre-mine, semi-transparent and available team (even that isn't always needed), a good sales pitch.  then, accumulate that coin with POW or by doing bounty and sell it as soon as possible becaue that is just what is happening right now.

I don't like it and I personally haven't taken advantage of the hype cycle as much as I should if I want to make money. 

[bman01]

It will depend on your strategy. You know this is a very risky place. You may have to take some big risks. But if you are lucky you will be gainer.

[bontkoli01]

This risk is everywhere, where ver you invest. Whether it is crypto currency or fiat currency. This game is even more exciting just because of its high risk. Never lose hope and follow latest updates.

[mairespleet]

thank you so much for asking our advice,  I would like to say you that you never should invest more than you can afford cause ups and downs keep happening in this market, risk is always available so bad time can be arrived any time so think before you invest

[SladderyNewS]

trading is the main income source of this business,  but you must understand the correct timing otherwise you will never able to earn profit so I will advice you to have the proper knowledge regrading the market and then get involved with any kind of serious trade until then don't invest on large amount

[Exprow]

Normally there is no risk no gain. You have to take risks to earn profit. Wherever the risk there is so much profit there. Still you have to try to invest in risk free. There is a need to do more research for this.

[GhostAltCoin]

If it’s reliable and it’s should be good for those who are interested to invest on trade. You need some analysis skill for trading and always you need to be patient.

[Hishoutt]

Business means risk. You are at risk because you are moving towards profit. But to gain profit from the risks, you have to earn skill.