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Author Topic: Would like to start trading. Looking for tips!!!!  (Read 19959 times)
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March 04, 2019, 10:49:07 PM
 #161

You will lose money several times. Be ready for this. The best way for you as newbie in trading is to use only that money that you are not afraid to lose.
You sounded so hash Man, and I don't think your submission is a good advise despite the fact that there is tendency of losing while trading crypto currency but it shouldn't be presented the way you put it for a newbie of this type.
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March 04, 2019, 10:53:38 PM
 #162

Learning how to trade is to have a strategy or plan. You can not learn that strategy if you don't go through demo trading. The demo trade is more of an artificial money but with real platform or channel for trade. If you finish building a strategy, you can nowgo on real and practical trading. I wish you luck.
Demo trading is useless because demo accounts don't give the same feeling when you decide about trading positions. Real traders always suggest to test the real trading platforms with a small balance and you will get the idea what it looks like to trade with emotions for your own money.
In my opinion, I don't think it is useless to practice trading with the use of Demo because knowing how to trade is a different things from knowing how to control your emotion while trading crypto currency. Demo trading work for me at the beginning of my forex trading career and I believe it can equally work for this newbie.
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March 04, 2019, 11:34:24 PM
 #163

Learning how to trade is to have a strategy or plan. You can not learn that strategy if you don't go through demo trading. The demo trade is more of an artificial money but with real platform or channel for trade. If you finish building a strategy, you can nowgo on real and practical trading. I wish you luck.
Demo trading is useless because demo accounts don't give the same feeling when you decide about trading positions. Real traders always suggest to test the real trading platforms with a small balance and you will get the idea what it looks like to trade with emotions for your own money.
In my opinion, I don't think it is useless to practice trading with the use of Demo because knowing how to trade is a different things from knowing how to control your emotion while trading crypto currency. Demo trading work for me at the beginning of my forex trading career and I believe it can equally work for this newbie.
Let me don't agree with your opinion. Demo accounts don't teach anything except the opinion of how platform looks like. Demo accounts have fake numbers and typing random numbers don't require experience, money management, emotional control. Mastering trading is only possible after mastering yourself as a trader. If a trader can't accept a decision about his money with emotional control then he is not able to trade with real money. Real trading is hard due to the emotions of human and mastering emotions is dependent on your ability and experience. Forex trading is not as volatile as cryptocurrency markets.

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ASHLIUSZ
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March 04, 2019, 11:59:46 PM
Last edit: March 05, 2019, 12:09:59 AM by ASHLIUSZ
 #164

Tips and tricks won't be effective all the time. It is our experience that matters with trading, what we experiment gets reflected with the trade moves we do. This can happen positively or on the negative way, but the learning got out of experiment will give a best learning on the forthcoming trades.
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March 05, 2019, 12:06:50 AM
 #165

It is necessary to choose such cryptocurrencies that have good products, they are used and the platform develops, then it gives a good price change for a long time!
The cryptocurrencies that has good products and has values to the society should be the one to invest in instead of focusing on those projects that we know are just looking for money with big ideas and no development on ground.
Successful projects have working products which can cause a big challenge for people's daily life. Without working product, it is an unmeasurable success and these type of projects always fail sooner or later.

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March 08, 2019, 03:16:04 PM
 #166

Tips and tricks won't be effective all the time. It is our experience that matters with trading, what we experiment gets reflected with the trade moves we do. This can happen positively or on the negative way, but the learning got out of experiment will give a best learning on the forthcoming trades.
We humans tend to think that there are tricks and tips to everything but we fail to use the logic to understand that these are not real but either falsely claimed things by others or wrong perceptions on our part. There is nothing called tricks in speculative market. Its about trends and who can catch it in the proper time before things escalate to levels that they cannot reach.

Our experience will matter in trading but rectifying mistakes and cutting losses also are important. The balance management is an important thing that people often miss out trying to make money in their first few days but they soon realize it.

R


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March 08, 2019, 05:27:59 PM
 #167

Tips and tricks won't be effective all the time. It is our experience that matters with trading, what we experiment gets reflected with the trade moves we do. This can happen positively or on the negative way, but the learning got out of experiment will give a best learning on the forthcoming trades.
Skill is more important in trading than experience so skill can be considered as having tricky moves while making analysis but obviously no one will reveal their secret of money making from profits so that we need to find our own trick from all our experience of trading.

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Noa_Amable
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March 08, 2019, 05:43:06 PM
 #168

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!

try trading major coins, check news on the coins.
if now news observed - use technical indicators (e.g. Ichimoku) or support/resistance levels.

try day trading - and create a trading plan: how much are you planning to each all in all and per trade; how much you can lose (and probably set a stop loss); how long it may take approximately; and follow these rules.
and also trade calm and cool. trading is a real stress and adding more of it will cause bad things to your health and your trading.

and practice, practice, practice. that will make perfect  Wink

I hope you are not going to hodl..
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March 09, 2019, 07:00:04 AM
 #169

Tips and tricks won't be effective all the time. It is our experience that matters with trading, what we experiment gets reflected with the trade moves we do. This can happen positively or on the negative way, but the learning got out of experiment will give a best learning on the forthcoming trades.
Skill is more important in trading than experience so skill can be considered as having tricky moves while making analysis but obviously no one will reveal their secret of money making from profits so that we need to find our own trick from all our experience of trading.
We know even someone of professional reveal his trick to success in trading, not everyone can applied it into their trading ways. That is why each people like what you said, must find their own trading trick or skill to make them success.

GregH37
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March 10, 2019, 02:27:45 PM
 #170

Skill is more important in trading than experience so skill can be considered as having tricky moves while making analysis but obviously no one will reveal their secret of money making from profits so that we need to find our own trick from all our experience of trading.
We know even someone of professional reveal his trick to success in trading, not everyone can applied it into their trading ways. That is why each people like what you said, must find their own trading trick or skill to make them success.
Permit me to disagree with both of you on the aspect of no one revealing tricks or secret of making money, this can be true in general  business but not in trading, forex and crypto market is too big for everyone that whether you reveal trading secret or not doesn’t affect the market in any way.

In fact I see lots of trader who doesn’t share their tricks as being selfish because it seems to me they virtually don’t want the success of others when them keeping or revealing the secret does not have an effect on the trader. I agree in the aspect of skills because skills are what you acquire personally and cannot be shared but rather transferred through learning. Every trader in life needs a mentor that will show them the trick till they are able to stand on their own.
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March 13, 2019, 03:46:20 PM
 #171

We know even someone of professional reveal his trick to success in trading, not everyone can applied it into their trading ways. That is why each people like what you said, must find their own trading trick or skill to make them success.
I am sure that such "tricks" do not exist. What exists is the speculation of the market and following trends that go around in the market. Without them there is no use of trading and making profits from buying and selling. So called "tricks" are actually gimmicks spread by fraudstars to grab money from newbies who are trying to trade by always going for the easy way out. In trading skills and practice is what is needed and also getting in at the proper time.

Those who say that they know tricks on how to make money - remind yourself one thing that your parents must have taught you : Nothing in the world is free and that Greed kills just like speed.

R


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btcyoda
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March 13, 2019, 05:10:30 PM
 #172

Tips and tricks won't be effective all the time. It is our experience that matters with trading, what we experiment gets reflected with the trade moves we do. This can happen positively or on the negative way, but the learning got out of experiment will give a best learning on the forthcoming trades.
Skill is more important in trading than experience so skill can be considered as having tricky moves while making analysis but obviously no one will reveal their secret of money making from profits so that we need to find our own trick from all our experience of trading.
We know even someone of professional reveal his trick to success in trading, not everyone can applied it into their trading ways. That is why each people like what you said, must find their own trading trick or skill to make them success.

Yes, every person will join trading by following signals but after attaining some knowledge they will start trading by their own, without learning it is very bad idea to start trading. Some time tipster will take huge money by providing signals, so always attain knowldge by your own.
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March 13, 2019, 06:48:25 PM
 #173

Tips and tricks won't be effective all the time. It is our experience that matters with trading, what we experiment gets reflected with the trade moves we do. This can happen positively or on the negative way, but the learning got out of experiment will give a best learning on the forthcoming trades.
Skill is more important in trading than experience so skill can be considered as having tricky moves while making analysis but obviously no one will reveal their secret of money making from profits so that we need to find our own trick from all our experience of trading.
We know even someone of professional reveal his trick to success in trading, not everyone can applied it into their trading ways. That is why each people like what you said, must find their own trading trick or skill to make them success.

Yes, every person will join trading by following signals but after attaining some knowledge they will start trading by their own, without learning it is very bad idea to start trading. Some time tipster will take huge money by providing signals, so always attain knowldge by your own.
Good point, not always you need to relied with someone's knowledge you have to attained growth and understanding regarding to this
business, if you want to be more successful then you need to workout with your knowledge, the more you understand the more success
you can achieved.
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March 13, 2019, 09:18:24 PM
 #174

My only tip for the new trader is don't put up too much money at your first try,
Just start with a small amount and learn from that experience.
Used what you learn and make some money if you are confident enough you could add up some capital.
I agree.Learn to trade with a small amount on your first trading because that's the best thing to do for a newbie like you.And after you have gained experiences in trading whether you have lose or win,then you can increase your capital by adding some of your profit on it.I believe you will be a good trader as the time goes by and as your knowledge in trading has widen.

Babyrica0226
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March 14, 2019, 06:20:12 AM
 #175

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 you must learn the basic things about in trading, know the exchange that listed on top at the coinmarkep, together also with the altcoins too. Read most often in trading discussion and ask some important things which is related on trading, then study the chart graph from candle stick and technical analysis something like that.
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March 14, 2019, 06:53:42 PM
 #176

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 you must learn the basic things about in trading, know the exchange that listed on top at the coinmarkep, together also with the altcoins too. Read most often in trading discussion and ask some important things which is related on trading, then study the chart graph from candle stick and technical analysis something like that.
For me best and the most important things which matters for all traders is coin you are buying for trading, if you are choosing good you will surely get good so before trading keep one thing in mind that you are securing your future, if you want to be day trader even then don’t be in hurry to take wrong decision, keep your emotions away and only think with your mind as a trader must have sharp mind.
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March 19, 2019, 12:02:39 PM
 #177

My only tip for the new trader is don't put up too much money at your first try,
Just start with a small amount and learn from that experience.
Used what you learn and make some money if you are confident enough you could add up some capital.
Mate you should put in more insight in your posts rather than regurgitant shitposts if you want yourself to be recognized. Wink

Of course everyone should be diligent about the money they put in and one should not play with their money. In fact very few people actually play with their money unless it obtained for some means which do not need hard work, tainted sources of money. Then again talking about the majority legal sources, being confident can be enhanced by keeping tabs on daily price charts and not panicking when there are rises or falls. These things are common in the market and should not sway you.

R


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LLBIT
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D3m1r4wanti
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March 19, 2019, 01:22:09 PM
 #178

the best tips are to learn first. learn from the experience of people who have been in the crypto world.
You have to know about good and bad when you first trade.
do not let you become a fool in trading, because your fool will cause financial losses and profits for those who are experts in trade.
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March 19, 2019, 04:50:29 PM
 #179

Learn from your mistakes, be updated on every crypto related news and don't follow pump and dump groups. These are my tips for trading. I used to follow candle stick patterns and indicators when i started trading on crypto. But, it doesn't have much effect on this volatile market. The best thing to do is to buy on rumors and sell on news. Its been helpful for me and i managed to make nice profit using this trick.

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March 19, 2019, 06:19:23 PM
 #180

In general, trading is buying low and selling high. If you have started it then you will gradually have experience and know about rumors circulating. Knowing the issues that exist about coins that you trade must be known so that you can make good decisions by analyzing each candle that you pay attention to on the chart. Learning it by direct practice is very effective and always do research again after you get the recommendations that you get in many places.

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