Trading Tricks For Newbies

[master122]

I suggest for newbie trader must know about average. You should spent maximal 30% from ur modal. And the left money for buying on low price.

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[romecheo]

For newbies on trading, it was best to spend your time first on reading about the basic knowledge you should have to start trading.

First, trading is the quickest way to earn big profits, wow, you get excited. Second, it was also the fastest way to get bankrupt.

In my own opinion, after you have learned about trading basis, you should study to control your emotion.

[Tungsten-1]

tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite

Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.

Yes when it comes to real stuff, applying the written tricks and strategies are a bit tough. It works only when you are in the market for some time and you have the experience that is required for you to make things happen. You can work confidently with crypto if you are able to formulate strategies according to the market signals. So theoretical stuff is good for guidance.

[arpon11]

tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite

Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into a trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.

Trading is not for everyone and they are some people no matter how they learned the trade it will still be ending in loses. Trading is good if you are making profits and it is bad if you are making loses but it is not ought to be so! We are facing many problems today in trading because of greed and impatience. The most knowledgeable and skillful traders can still lose if they lack patience. Newbies can make profits if he can buy low and be patient enough until price gained.

[Finestream]

tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite

Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into a trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.

Trading is not for everyone and they are some people no matter how they learned the trade it will still be ending in loses. Trading is good if you are making profits and it is bad if you are making loses but it is not ought to be so! We are facing many problems today in trading because of greed and impatience. The most knowledgeable and skillful traders can still lose if they lack patience. Newbies can make profits if he can buy low and be patient enough until price gained.

Not only for newbies but even with the rest of the traders here the strategy of buy low and sell high will definitely work.But trading isn't that easy especially if you are still a newbie.What you learned from all your reading resources may not turned out well when you apply it in real trading.So just keep on learning and always have patience to embrace new lessons in trading.

[jostorres]

tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite

The fastest and easiest way to succeed in trading is just to learn and develop your own personal strategy and skill, if you can develop your strategy and skill, then it would be easy for anyone to easilytrade without having to rely on those tricks. I don’t even like tricks same as I don’t like signals because they end up killing the growth of such user in learning how to trade.

Any one that wishes to trade really need to master such trade environment first and know everything about, it is only lazy set of people that usually look for tricks ad signals, I have seen so many people that are even working and even with their work, they still trade using technical and fundamental analysis, and I asked how they even manage to gather such training and experience with their work.

[Eildosa]

Yes, this is a good strategy, but it is difficult to guess the right time to buy. The price can go even lower and then your funds will be frozen and you will have to wait some more time to sell the coin with a profit. Well, the main thing is not to be greedy and do not miss the moment of sale.

[Harlot]

tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite

I guessed that the OP might have put an improper wording onto his post because what he is talking about is not some kind of tips and tricks that isn't useful its actually a strategy that a lot of traders use to maximize their current capital and its called shorting. In shorting people estimate where the prices will fall and sell near it so as before the prices will drop they can profit from it on its current high and after that when the prices have bottomed out that is when they will start buying again at a cheaper price which means they'll only get a bigger amount without adding more cash onto their trades where they will profit from it in another bull run.

[nydiacaskey01]

2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
[/quote
I keep on reading this "wait for the dip" but for those who are new in trading with zero knowledge in technical analysis, its going to be hard for them to tell its the dip or not. Its much better if we all encourage new traders to learn how use tools such as RSI, Parabolic SAR and Bolinger Bands to help them decide when to buy, sell or hold.

[BuxCoin]

tips and tricks works good when reading but in real conditions it wont work out , i am sure newbies will experience all opposite

Although you are right but here are some facts about my early days to trade. It all started from forex trade and when I was to get started, I was asked to read some books which are the best books for beginners and after I read them with determination I get into trade with ease and now be proud of be or called a trader. Learning the chemistry of trade at first is the best for Newbies.

reading books for newbies is much recommended but many wont do it they want short cuts and to make money , even i read many books there they explain problems and situations  correctly in a proper way but reading a single line tricks will be effective

[Coyster]

reading books for newbies is much recommended but many wont do it they want short cuts and to make money , even i read many books there they explain problems and situations  correctly in a proper way but reading a single line tricks will be effective

Reading in general is essential, the more one reads the more that person is in the know and the more confidence such person has when trading.

Reading everything that comes your way as pertaining to your area of interest is one habit that guarantees success.
Read threads on the forum, read books, cryptocurrency journals, trading methods and what have you, just keep reading till you no longer exist, the individual who reads most is mostly the most knowledgeable and more likely the one the market would favor.

[aioc]

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it.

[bitcon]

reading books for newbies is much recommended but many wont do it they want short cuts and to make money , even i read many books there they explain problems and situations  correctly in a proper way but reading a single line tricks will be effective

Reading in general is essential, the more one reads the more that person is in the know and the more confidence such person has when trading.

Reading everything that comes your way as pertaining to your area of interest is one habit that guarantees success.
Read threads on the forum, read books, cryptocurrency journals, trading methods and what have you, just keep reading till you no longer exist, the individual who reads most is mostly the most knowledgeable and more likely the one the market would favor.

Reading is good in all aspects, but without practice, the knowledge will not work. Only trading (for the newbies, the sums can be small) will give you the best understanding of the market. You can make mistakes, but these will be YOUR lessons to pay attention to them. When you read about somebody's experience and mistakes, you do not care about it much and miss information.

[bastian466]

Here are some tricks if you are new to crypto world.

For me i found it good to use 3 part trading trick.

1. Suppose you have total budget of 900$, first thing is do proper research before you invest. Once your research is done , buy coin of worth 300$....
2. Now look into market, if you think you are in profit then book your profit and wait for dip, but if you are in loss then wait some more time for more dip and pick some more coins.
3. now if you see market dip more and more, then wait and wait for best time and buy for further 300$. By this way you can balance your high purchase with low purchase because at some moment it will pump if you think you invest in good project.

So 3 part trading is best thing.

You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it.

That is not good if you want to earn on a daily basis. On that strategy you just become a long term trader. I've done it before and I just sold at loss because I needed some money that time for some emergency. I won't even suggest that strategy to newbies.

I heard an urgent need that I also experienced when I needed money but the market price did not support so making a loss sale was something I really hated but a forceful situation could only stroke my chest, because it destroyed the strategy I had taken to hold back when the market price dropped

[Crypto Denada]

On point 3, how do you suggest when is the "best time" to buy more?

Also, what do you do if you finish up buying 3 times but it keeps on dipping ?

[carter34]

Makes sense but there is no really TA to you method. what do you do if it keeps dipping,

  You have asked a very good question. One challenge that we traders have is that we don't seem to watch or take care of the sudden cases of when our plan to profit comes crashing to losses.

[CoinFoxs]

On point 3, how do you suggest when is the "best time" to buy more?

Keep an eye on market on daily basis, keep in touch with crypto news channel. The best time to buy altcoins or bitcoins is when bitcoin market is down. When the market is down list some coins which has potential to grow and wait for the right time! It all depends on your research and luck definitely!!

[Mehr Sher]

Honestly speaking, the best thing for us to do is to learn well and execute what we learned, as it’s kind of stuff to lead us to positive results. If we suggest others short cuts or tricks, it could work temporary but in longer run it will not be beneficial for anyone at all. So this is the reason why I am absolutely for getting proper Crypto Knowledge, as it is then the way we will be able to get the results we want to get and that consistently as well.

[SirLancelot]

You will have to wait sometime to make a profit if the market keeps dipping, anyway the wait for a good coin to pump based on the bear market length of time to end and start the bull trend is 9 months, so your money is stock for several months, it wil worth the wait if you are going to make 20 to 70% profit in the bull run, then the wait is worth it.

That is not good if you want to earn on a daily basis. On that strategy you just become a long term trader. I've done it before and I just sold at loss because I needed some money that time for some emergency. I won't even suggest that strategy to newbies.

There are some cases where you end up becoming a long term trader without you knowing even if you entered the market as a short term trader, I have been in some situation where I place a buy order at a particular value and I expect some movement no matter how little so I can take my little profit, but instead if the market moving up at all, it end up going down the more.

So most of the times, I have to wait without using stop loss, till the market recovers for me to continue from that spot, but meanwhile, it is not that I am quitting the market then, as the market dip, then I still trade by buying some new coin at that point to take advantage of the current fluctuation by then, so to me, it is not as risky as you think, it is juts the strategy that works from people.

[TheBusstop]

that is the normal strategy of any trader. you sell high and buy low. you should also know how to do technical analysis because it matters alot in trading. the basic steps are needed and emotional reactions which faces any trader must be curtailed. you can't be a pro in trading if you failed to deal with some certain ideologies of treading.  whether you are new or old.