Trading for the Inexperienced Traders

[devinks]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

it is indeed if you want to become a trader who is always successful in this work the problem is for traders in the crypto world to have knowledge about crypto so that you can all trade smoothly

[TitanGEL]

Trading is not easy tasks and that's why we should have enough patience and knowledge before entering the cryptocurrencies market. Before I make investment in trading of cryptocurrencies, I fully understand what it is and I'm aware to the risks that I taking. It is the reason why I didn't experience many losses.

[marcous]

I only see buy support and sell support when I first trade. and sometimes it doesn't have an effect, I just found out if support can be fake that was made to provoke a dump/pump. To divide capital into several parts is important, Don't ever all in.

[Visbay]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

it is indeed if you want to become a trader who is always successful in this work the problem is for traders in the crypto world to have knowledge about crypto so that you can all trade smoothly

Yes our knowledge and information can help us to have profit and to reduce the risk of lose, so I think all new traders should set some time to learn trading skills,  as we can reach the level of expert traders only by reading fundamental and technical analysis and try to learn from experience too as if it is good or bad but try to avoid your pervious mistake to trade in good way.

[mirakal]

I only see buy support and sell support when I first trade. and sometimes it doesn't have an effect, I just found out if support can be fake that was made to provoke a dump/pump. To divide capital into several parts is important, Don't ever all in.

That's true, it can be fake especially if you are trading in a low volume exchange.
Whales in small volume exchange can easily play the price and if you fall that would be your end because some coins
are just make for a pump and dump purpose and some will just pump once and then died, I have some experience in yobit exchange when I was new.

[FUD Expert]

For inexperienced traders, this is really a good time to learn and experience the true sides of trading that it's not only about getting gains and all are green. It's better newbies have been through been bad times than good times because look at what happened in 2017, those people are there only for good gains and now they are gone because they don't like to see losses.

[KlifDonats]

I think it's very difficult for newbies to become a really successful day trader. But also, I think if you have decided to earn on trading, you need to improve your skills and set more serious targets for yourself. In another way, you will stay in the same place for years. The purpose of the day trader is to find trading patterns that repeat several times and risk. This is the concept of technical analysis. In order to get new knowledge and skills in trading, you need to communicate with more experienced traders. NewConsort is going to launch a new trading platform in Q3 2019, where you can also be educated by experienced traders, mentors, and coaches. Good luck!

[normanderecho]

For inexperienced traders, this is really a good time to learn and experience the true sides of trading that it's not only about getting gains and all are green. It's better newbies have been through been bad times than good times because look at what happened in 2017, those people are there only for good gains and now they are gone because they don't like to see losses.

It's seems they haven't prepared for that situation. They thought crypto will always in good fluctuations market forever. That's the problem of several newbies who directly invest in crypto  without knowing it well. However,  they have still chance to regain their losses, by buying now crypto, especially in bitcoin whereas still in a low price.

[bitgolden]

I only see buy support and sell support when I first trade. and sometimes it doesn't have an effect, I just found out if support can be fake that was made to provoke a dump/pump. To divide capital into several parts is important, Don't ever all in.

Well trading is like cracking a hard nut so better be active and mature for it. It is not a piece of cake. In addition, you have to have the best knowledge about cryptocurrency and only then it is possible to pick the best coin, invest in it and make use of it to make money. Businesses around cryptocurrency could also be built which could provide a promising future.

[yvesp110]

i think the best way for the beginers are trying to hold famous coin / coin that have good community , day trading are really hard and one mistake can give u loss

You know the best thing about dealing with Bitcoin and some other famous coins is that the risk factor is not too high. So a start with the coins like Bitcoin and ETH could prove good only if you invest in a time when the values of the coins are down like these days. An investment made right now and held for long until the value surge back to all time high would probably be the best investment ever made by a fresh man.

[Aivaryamal]

If a beginner has no experience, then in this market he will still have to gain at least his primitive mathematical counting skills

[gabmen]

I only see buy support and sell support when I first trade. and sometimes it doesn't have an effect, I just found out if support can be fake that was made to provoke a dump/pump. To divide capital into several parts is important, Don't ever all in.

Well trading is like cracking a hard nut so better be active and mature for it. It is not a piece of cake. In addition, you have to have the best knowledge about cryptocurrency and only then it is possible to pick the best coin, invest in it and make use of it to make money. Businesses around cryptocurrency could also be built which could provide a promising future.

Well as always, experience is the best way to be efficient in pretty much anything. Start with small amounts and appreciate the losses you'll get because from there you'll learn valuable lessons. Many traders who are making profit consistently start up as newbies as well that lost trades often.

[cambda]

good and locate a pleasant method to support your hazard which is the best choice any merchant jump starting out ought to do as its that way disappointment would set in. In any case the genuine inquiry in the psyche of novice dealers is how would they realize the correct coin to pursue and execute this thought you have proposed on the grounds that without that it won't make any difference as whether you settle on your choice once in a month or multiple times it would even now end up being an awful choice which I trust everybody is continually attempting to evade.

[TheUltraElite]

It's seems they haven't prepared for that situation. They thought crypto will always in good fluctuations market forever. That's the problem of several newbies who directly invest in crypto  without knowing it well.

Even if they do know it well they dont have the patience to hold it. There will be rise and falls and if they dont take advantage of those then they are the ones to blame. You are not going to keep on holding after your buy price has been reached and crossed during a bull run. Sell it book the profit and wait till market drops again. Again fractional selling of your entire asset is important here. Some spare ammo is always good.

However,  they have still chance to regain their losses, by buying now crypto, especially in bitcoin whereas still in a low price.

Of course they are always going to recover losses if they are willing to wait it out and rectify the mistakes if any. But many of them went broke after the dump so probably they are not going to buy any at low price now.

[zolfa]

In my trading there are also many mistakes, the first mistake is I don't understand technical analysis which is very important in trading, and also risk management, if you are a new trader, then study both of these things, because it is very important.

[Rooster101]

Learning the art of trading takes time and there is no trading skills gained overnight. One of the most difficult to learn are the technical analysis and you need to focus learning on it if you want to become a successful traders in the future. Inexperienced traders have also the tendency to be overcome by their emotion when prices suddenly go down which may result to significant lost of investment.

[Noa_Amable]

When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.

First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

Merry Christmas (if you celebrate) and a Happy New Year to y'all.


Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.

Certainly, you will have to learn the market.
Still you can try day trading even with a low experience level.

I tried the following strategy: if 15 min time frame is of positive trend for 7-9 candles then I open Buy position and set TP at 100 pips (or 100 USD) and then close a position.

then I make the same thing but with 2x volume.

[Mister1k]

Hazard is dependably a piece of exchanging particularly here in digital currency. Presently, exchanging for unpracticed brokers, misfortunes is almost certain than benefits. There's an expression, experienced is the best educator. For unpracticed brokers, don't hesitant to lose, those misfortunes will instruct you make an accomplished dealer. What makes a difference here is the manner by which we get familiar with the exercises.

[Ispep]

I only see buy support and sell support when I first trade. and sometimes it doesn't have an effect, I just found out if support can be fake that was made to provoke a dump/pump. To divide capital into several parts is important, Don't ever all in.

You could get legit support in trading, but it not a guarantee to anything at all.
In most cases it could be false ones seeking to get the better of you, it's more better to educate yourself, as there are more than enough tools on the internet for you to do so
I hardly pay  attention to anyone or channel that claims they give out correct signals or advice in trading.

[logicgate]

It's seems they haven't prepared for that situation. They thought crypto will always in good fluctuations market forever. That's the problem of several newbies who directly invest in crypto  without knowing it well.

Even if they do know it well they dont have the patience to hold it. There will be rise and falls and if they dont take advantage of those then they are the ones to blame. You are not going to keep on holding after your buy price has been reached and crossed during a bull run. Sell it book the profit and wait till market drops again. Again fractional selling of your entire asset is important here. Some spare ammo is always good.

However,  they have still chance to regain their losses, by buying now crypto, especially in bitcoin whereas still in a low price.

Of course they are always going to recover losses if they are willing to wait it out and rectify the mistakes if any. But many of them went broke after the dump so probably they are not going to buy any at low price now.

  It happens when they are not aware of trading that what trading exactly it, trading without any experience can make us suffer lose but the reality is nothing can happen without experience as you said some don’t want to buy at red which is high mistake, so make your experience quicker and easier as it will give you profit as well skill but when you are not having any experience try to trade for long term than for day trading.