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Author Topic: Would like to start trading. Looking for tips!!!!  (Read 19961 times)
LUCKMCFLY
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February 25, 2019, 05:22:34 PM
 #121

I think that before trading, you should take into account:

1.- If you do not know how to place positions in Exchanges, do not start (do some tutorials to learn how to use them and how they work, there are many on the web).

2.- You must learn to use Stop Loss, Take Profit, Order Limit, among others very well.

3.- Establish what you want to do, Invest or Speculate.

4.- You have to take into account that the investment is to take long-term benefits, and to speculate is to trade and obtain results in the medium or short term, some trading takes a longer period of time.

5.- It is essential that you have your own criteria, before taking any trading training, if you plan to do it, the best thing you can do is read books by important authors such as Wyckoff, Livermore, Down, Warren Buffet.

6.- Only of Technical Analysis and Indicators you can not let yourself go, those are just tools, you must learn that the main thing is to understand the market, that you have a concept of how you can move.

7.- Remember that before putting your money in Trading, it is best to practice with a virtual money account applying what you learned in the books (practice in this way, is that you take experience, use the tools well that you offers the Exchanges).

8.- Choose an Exchange where you feel comfortable, before placing your Take Profit, the first thing you should do is put your Stop Loss.

9.-Do not make trading a stressful world, where you have to be stuck to your computer all day without having your life, so look for an Exchange that allows you to place an order including your Stop Loss and Take Profit.

10.- Trust your Strategy and respect it, do not make changes at the last minute, if you lose, assume your loss and if you win congratulations.

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February 25, 2019, 05:47:08 PM
 #122

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!

First of all find a proper broker or exchange for trading because it means a lot.
In general the process of trading is almost similar

Start a demo account just to see how technical aspect is done
Then learn what stop loss and take profit means and decide whether you should use it or not
After learning the basic features of operating the trading account you should search for several resources where you can get analysis for the pairs you prefer to trade.

Then start following analyses on a demo account - you should understand how it will affect your real account.

karungbitcoin
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February 26, 2019, 09:32:38 AM
 #123

Now is best times to enter to crypto spot market because after dumped hard will be has more potential to raise again. But this prediction can be wrong, so we should be have risk management how to minimize the risk from wrong trade and failed prediction. In my opinon, firstly you have to choose crypto exchange that provide feature of stop loss and use that feature for every trade. Many newbie trader did not understanding how to setting stop loss and trailling stop in crypto exchange, and this is one of the big mistake.

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February 26, 2019, 12:23:42 PM
 #124

There are a lot of information that you need to learn before you trade cryptocurrencies. I advise you to read posts and articles in this bitcoin forum especially in the section of trading discussion. You can learn many techniques and strategies that are really useful from professional traders.

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February 26, 2019, 12:43:20 PM
 #125

To be successful with trading don't fix the target on profit, when the market is showing signs of growth just make use of it and when the market is on the down trend use the funds to buy. If you fix a target and stick to it, your order won't get filled that easy. When you're planning to step into trading initially start with small funds. This will get a learning about trading and the consequences.

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February 26, 2019, 01:00:13 PM
 #126

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!

First of all find a proper broker or exchange for trading because it means a lot.
In general the process of trading is almost similar

Start a demo account just to see how technical aspect is done
Then learn what stop loss and take profit means and decide whether you should use it or not
After learning the basic features of operating the trading account you should search for several resources where you can get analysis for the pairs you prefer to trade.

Then start following analyses on a demo account - you should understand how it will affect your real account.


Doing trade with broker is not advisable for a beginner,they can do demo trading or just go to an exchange like binance and start trading with very low amount like $50 or $100 or the amount which is affordable to that person,stop loss are also comlicted thing which makes trading to be difficult so just buy and sell in short term period and day trading definitely not to start with.









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February 26, 2019, 01:08:11 PM
 #127

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!
First of all learn the basic which buy low and sell high, don't forget the basics because few of traders has lost just because of ignoring it. You should also learn how to read the atmosphere and adapt on it, I mean regardless of any circumtances the market have you should able to manage it. Don't let your emotions overcome you because it will only lead to your defeat. Be patient and wise upon the decision you are making. Lastly, enjoy and don't be afraid to loss.http://

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purple.thoughts
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February 26, 2019, 02:59:15 PM
 #128

The best tip I can give to you is try reading different articles and threads about cryptocurrency trsding here and also from other sites. I am very sure that it will help learn more about trading specially its basics. This forum is indeed helpful for beginners. I also started earning because of this forum.

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February 26, 2019, 05:29:07 PM
 #129

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!
trading is also like a normal job we don't need to be fear before entering into this field if you had interest you can definitely made some investment and learn some experience with your less amount of investment but in most of the time the interest will reduce the forelock shoppable that's why they are not getting the profit frequently.

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February 26, 2019, 05:47:20 PM
 #130

There are a lot of information that you need to learn before you trade cryptocurrencies. I advise you to read posts and articles in this bitcoin forum especially in the section of trading discussion. You can learn many techniques and strategies that are really useful from professional traders.

It's a rare thing to get ab adequate trading strategy on forum actually
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February 26, 2019, 06:59:56 PM
 #131

There are a lot of information that you need to learn before you trade cryptocurrencies. I advise you to read posts and articles in this bitcoin forum especially in the section of trading discussion. You can learn many techniques and strategies that are really useful from professional traders.
In addition to it there are so many websites which gives good information about trading and it will improve your trading skills, so try to increase your knowledge as in trading the only thing which can give you fruitful result in trading is your patience and your knowledge that’s why try to watch videos related to trading and try to have conversation with expert trader.
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March 01, 2019, 01:26:10 PM
 #132

The best tip I can give to you is try reading different articles and threads about cryptocurrency trsding here and also from other sites. I am very sure that it will help learn more about trading specially its basics.
Definitely it is both good and bad. If you search the internet for articles to teach you how to trade be ready to get baised opinions of bagholders who are ready to dump their shitcoins on your head. You need to be immune to those koolaid propaganda and steer clear of that info and take only the good info about trading or whatever your objective of viewing that article is.

Quote
This forum is indeed helpful for beginners. I also started earning because of this forum.
Same goes for this forum. There are several shitcoiners here who talk about some unknown shitcoin to become bitcoin2 and then they will point you to put money in it. You are fully welcome to do that but happy to know that you have been dumped on with a pile of shitcoins that have no value in future for your hard earned cash. Wink

R


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March 01, 2019, 01:40:54 PM
 #133

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!


Stay in the forum for about a month and you will see various topics regarding on tips and strategies for newbies. Dont worry because people here really wants to help and is also reliable regarding this matter. Just dont stop aquiring knowledge before you start to avoid further loss.

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March 01, 2019, 02:43:14 PM
 #134

There are a lot of information that you need to learn before you trade cryptocurrencies. I advise you to read posts and articles in this bitcoin forum especially in the section of trading discussion. You can learn many techniques and strategies that are really useful from professional traders.
absolutely because this is where the best place to get information that is important to enter in the trade, and this is where there must be people who want to guide us so that success is fast and can avoid losses
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March 01, 2019, 04:08:08 PM
 #135

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!
If you want to explore the crypto, check out the relevant posts on the forum, it will help you. Learn about the basics like graphs, psychological analysis, financial strategy, stoploss orders. Once you understand them, start a small transaction first and experience. If you fail, do not give up, use the experience and knowledge you have learned to have better deals in the future. Good luck. Wink

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March 01, 2019, 04:11:04 PM
 #136

If you want to really study trade, I suggest doing daily trading. By doing daily trading you will definitely get more knowledge. This is because in daily trading we must always look at the market so we don't miss the news and time management and emotional management must always be controlled, so that beginners can be more useful and will make us accustomed.. Indeed, studying trade will take time so you have to be more patient.
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March 01, 2019, 08:00:01 PM
 #137

Hello everyone!
I am relatively new to the crypto, but I am willing to explore and learn!
I would like to ask for some general advices on how to learn the trading process of crypto and how to get started! Would appreciate all the replies!

How to start Cryptocurrency Trading

you need to understand these topics before you start cryptocurrency trading career.
1.   The underlying technology behind cryptocurrencies
2.   The different ways to analyze the market (such as technical analysis and fundamental analysis)
3.   The difference between active and passive cryptocurrency trading
4.   What affects the price of a cryptocurrency
5.   What cryptocurrency trading tools you can use
6.   How to track your trades and pay taxes on cryptocurrency trading
7.    The difference between CFD and exchange trading
8.    How you compare trading platforms
9.   Some common Cryptocurrency trading terms

Read the complete article, how to start cryptocurrency trading.
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March 01, 2019, 08:27:08 PM
 #138

It's a rare thing to get ab adequate trading strategy on forum actually
I do not think this is correct, while it's impossible to get a 100 percent accurate info or strategy from anyone, members of the forum do their best in educating and informing anyone who's willing to learn it willing to ask with strategies that has worked for them, and it's up to you to either take it or leave it.
But the best thing to do is search for informations yourself and make enquiries only when needed to avoid being misleaded
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March 02, 2019, 03:01:39 AM
 #139

Altcoins are going to $0 next year in huge numbers...

Unless you're into projects that have been alive for 2-5 years in the space...the very strong will survive obviously.

Anyone launching another shitcoin will get rekt in 2019 because the money is leaving until the scammers pack up.

Here's how we're assessing value for a few years:
https://bitcointalk.org/index.php?topic=5084692.0

Yeah that's right there are many types of altcoins but only so little make it this far. Some coins won't even last for a span of a year. Bitcoin by far is the most oldest type of coin, a very good coin that is indeed will be the biggest in the distant future. OP if you start trading make sure you have acquired the most popular ones first rather than putting yoyr money on a strange coin that has been going around for months only. Before you trade make sure you know the bsics of the basics, don't let emotional thoughts hinder your work it's a no go and must be get rid off.
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March 02, 2019, 04:15:10 AM
 #140

There are a lot of information that you need to learn before you trade cryptocurrencies. I advise you to read posts and articles in this bitcoin forum especially in the section of trading discussion. You can learn many techniques and strategies that are really useful from professional traders.
In addition to it there are so many websites which gives good information about trading and it will improve your trading skills, so try to increase your knowledge as in trading the only thing which can give you fruitful result in trading is your patience and your knowledge that’s why try to watch videos related to trading and try to have conversation with expert trader.
I think the best thing in learning is to have a teacher or friend to tell, consult and ask, if you don't have an expert trader friend find a group about trading on telegram or whatsapp, many traders are ready to answer your question, that's what I did when I became a newbie
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