Top Cryptocurrency Tips That You Should Know Before Trading

[leowonderful]

If you're not analyzing the mistakes you make, you're not going to learn from them. While it's okay to lose, you shouldn't become complacent because of this; still try to keep as profitable as possible. Also keep in mind that you don't need a great win rate for your trades in order to be profitable; if you're executing good setups and you're not closing immediately after you're in profit unless when it's part of your trading plan, you can have a subpar win rate and still be profitable.

Also, if you're new to trading, don't expect to immediately be profitable. Most people aren't, and you shouldn't be putting massive amounts of money into a trading account initially for this reason.

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[rodel caling]

One of TIPS in trading before to start is learn well a lotof knowledge with of course have a patience all of that important things in trading. 
Always get updated a latest news for coins trending possible to hype and but need it to analyst well to avoid mistakes decision.

[shield132]

OP not all cryptocurrencies offer safe transaction (I mean privacy), don't forget that blockchain is also an open book available for everyone, in such cases Monero is the best thing.
Btw I really like how you define cryptocurrency wallets, they are really like stations and won't go into details, you have defined that pretty well.
Additionally problem is that people can't realize one thing: If you profit that's because someone loses. They think that after some courses and etc they will profit, how? Because as you mentioned everyone has internet and 99% does the same thing, a little research, especially in trading. Problem is that they often forget news, they affect price immediately so you have to be always updated.

[ayoubouni95]

If you want starting to trading you should know some tips. First tip this is you need have good exachenge for your cryptocurrency. If you only start you need have a reliable support 24/7.That for you it is  complete anonymity, only you know that you are traiding. I know one exchange wich have all this, this is  https://exolix.com/.

For effective trading, it is important to understand what type of trader suits you. A scalper or day trader is aimed at fast trades that take 1, 5.15 or even 30 minutes. This is the most difficult type of trading for beginners. A swing trader conducts transactions in 2-7 days. He makes any decision after a thorough technical analysis - usually at the end of the day. A long-term crypto trader or investor is ready to wait a long time for the right moment to make a profit. This is the easiest position to enter crypto trading.

Thanks for the advice. With long-term trading as the easiest position to enter crypto trading, what would you consider as the second step after learning much from long-term trading in order for a newbie trader to start generating more profits aside from the long-term approach?

[Jating]

I think we also need to stress that trading is a long journey. You can't simply make a profit in the first day and say that this is for you. There could be days that you can't simply make a profit and every trade you get in are not successful.

That's why trading is very risky, and if you don't have the right attitude and your can't control your emotions then it's not going to work. You really need a lot of mental toughness here, not just money to be a successful trader, or at least making a decent money.