Trading Tricks For Newbies

[darewaller]

Trading is not very simple for those traders all strategies they know can't work because of the situation in the market it shows that every minute your 1000$ money will loss in just one click if the price dumps.

You do not need any strategy when you will be trading in long term basis. A trading does not need to be technical strategy based but it can be fundamental strategy based too. Yes, for long term based trading, you just need to be sure about the fundamentals of one coin for long term holding. This way you never need to worry on your $1000 or even bigger capital to be dumped. Because even it got dumped, it will recover over the time.

For step 3, I think it is the most difficult thing to do. Since we won’t know how low the price will go to.

This is the reason why I never consider any tricks because most of them are all not at all practically possible one. Even people suggesting them are well aware of that, going for suggesting it by assuming like it will be possible for all the people. But, practically it is not like that.

[TradingIsBreath]

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.

As you said research before you invest. This is the major thing and has two different categories in which research needs to be done.
1. Fundamental Analysis.
2. Technical Analysis.

Fundamental Analysis: is about analyzing any assets/companies fundamentals like annual reports, quarterly performance etc given a financial year.
I prefer https://coinswitch.co/news/ as they keep updating all news and current price prediction.

Technical Analysis: is about reading the price charts (graph) of the asset, understanding the masses behavior and psychology etc (the purpose of technical analysis)
I prefer TradingView for plotting my strategies and there you can also follow good traders so that you can have there prediction for comparison.

[mersal]

Thank you OP for the 3 steps trading, it consists of the trading basic and should be helpful for newbie starting out. For step 3, I think it is the most difficult thing to do. Since we won’t know how low the price will go to.

PMO Office ke think trading tricks will be very useful for lots of people to make a open their trading because without doing the trading with any strategies are any tricks will not be give a good confident in you but having some strategies will always very helpful for all of us to make a conference in US when the confidence will comes to our mind then automatically we can earn lots of profit.

[PuertoLibre]

Trading is not very simple for those traders all strategies they know can't work because of the situation in the market it shows that every minute your 1000$ money will loss in just one click if the price dumps.

Unless something unexpected happens there is no chance to increase price more than 5 percent in normal markets. Market makers know the truth and they usually multiply the spread  difference between bid and ask rates before such events. I traded red news which works effectively on flat markets so if there is a trend news can't change main direction. Keep that in mind next time.

[Isiaka208]

It's a basic trading rule of making profits and balancing your loss but atleast, it's a pretty good starting point for newbies. But always brace up for uncertainties in the market.

[Whosdaddy]

I traded red news which works effectively on flat markets so if there is a trend news can't change main direction. Keep that in mind next time.

In other words, market experts explain the same like "fundamental will win at the end". Still, we cannot ignore the trend news as it may shake the fundamentals too based on how "impactful" it will be. I guess you too never recommend the newbie traders to go for trading during news hours as I always hate that kind of trading. We may recommend long term trading style to beginners so that they can find assure benefits for less efforts.

Beginner in trading must go for studying different strategies and among many strategies they must not consider the high risk ones.

[sedahan13]

In trading, all open potition will never going to profit and  according our analysis but some trade can be wrong, and when open potition wrong we have to cut the loss by use stop loss. So for newbie trader always learn first about risk management because this thing is the most important thing.

[ginobitcoiner]

trick? which do you call a trick?
this is a general rule in trading, without using an analyst you only recommend buying when the price reaches the bottom. and wishful thinking to sell it when prices rise again.
everyone who has never traded crypto currency will definitely do what you suggest when they trade for the first time.

[DaddyMonsi]

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.

Tricky part is when do we know that its the dip. What if the price continue to dive and yet you bought a coin at a price that is going down. They say using the tool like Bollinger Bands helps you decide or determine if the price will continue or momentum will stop. I guess its better if we study the use of such tool to help us decide when to sell and buy at the right time.

[Labumi]

trick? which do you call a trick?
this is a general rule in trading, without using an analyst you only recommend buying when the price reaches the bottom. and wishful thinking to sell it when prices rise again.
everyone who has never traded crypto currency will definitely do what you suggest when they trade for the first time.

I think the world of trading has nothing to call a trick, everything is a good and right way of trading, everyone knows to buy it should be when the price is cheap, when you buy at an expensive price it will only make you lose because you will definitely be stuck at the price expensive.

[cryptocointrade.com]

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.

According to me, the most important thing to do is to avoid mistakes, especially simple ones.

Take these steps into consider

Only Invest What You Can Afford To Lose
Diversify: Never Put All Your Eggs In One Basket
Don’t Try To Make Profit In Every Trade
Don’t Be Too Greedy
Don’t Have Fear Of Missing Out (FOMO)
Maximize Your Winning Trades
Always Learn From Your Trading Mistakes
Minimize Your Losses And Set Stop Losses
Reduce Emotions And Stay With Your Strategy
Sell The News And Buy The Rumors

Read the complete article How to Avoid Cryptocurrency Trading Mistakes

[Taki]

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.

Do you follow this tips yourself?
I'm on the side of orders when you pick your own numbers for sell and buy. I usually chose such number by weekly bitcoin's movement, do not set something too big or too small. This strategy helps me to have small but regular income.

[wildey]

trick? which do you call a trick?
this is a general rule in trading, without using an analyst you only recommend buying when the price reaches the bottom. and wishful thinking to sell it when prices rise again.
everyone who has never traded crypto currency will definitely do what you suggest when they trade for the first time.

you're right, there are no tricks in an online trade, except volume manipulation. in this case, nothing is better than learning. well, experience is the best for this. even a person who is proficient in trading cannot find a trick for this, unless he is really paying attention to the news, or new information, and chart predictions.

[kyle999]

Newbies need to learn all the lessons for trading not in tricks? We don't have that in trading because all of traders need to focus what the price release so there's no magic ng trading.

[Rana590]

Newbies can try this method with low budget. I think it will be dangerous for the newbies if they start with high budget. Because there is a chance to lose capital if they choice dead/inactive project for trading.

[LUCKMCFLY]

The best trick for a novice, is NOT to OPERATE, the best way is to operate once you have done with virtual accounts of fictional money in the Exchanges, and have read a few books, the rest will lose money.

[nelson4lov]

Great tips. But doesn't work all the time especially in situations where the market goes down and then keeps going southwards. In such cases, You'll esrn up with even more losses. However, Those are great tips. It would work a lot better if the market was in a bull market trend. Otherwise, It's bad for this market. Very bad.

[rapsa2018]

As we see that the market is in bad condition so it's hard to predict prices and there's no tricks to earn on trading because we need to work on it regularly.

[manggis97]

Learned from my mistake in trading,  firstly we have to understand how to use stop loss and trailling stop in crypto exchange because this is the most important to cut the loss from wrong trade and to lock profit when the price going up. Buy only 2 different coin at the sametines to make easy to handle it.

[traderethereum]

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.

That tricks can works properly for every trader because they split their buy order into 3 positions especially if the price still down deeper. But if the price is not down and only increase, then you need to sell your first buy order and take your profit, and then you wait for a dip again. When you can rinse and repeat that tricks, you can make a nice profit and if you can do that in every day, your profit will bigger, and of course, your balance will become bigger too.