Trading for the Inexperienced Traders

[wxa7115]

Your strategy is good, but a lot of traders don't have patience to wait they want to trade frequently. As they used to trading often, so if they don't trade for some time they feel unease. Anyway, you have to study the market and follow the chart regularly or you would miss the train of positive trend.

You dont have to trade everyday because you want to. Being a diligent trader is knowing when the buy and sell and what to buy and sell. I would stress on the "when" part of my statement more though. That means not everyday would be good for every trader. Thus missing out on a positive trend would mean you have lost that opportunity but you should not try to jump back into it. Let it go for now.

These things can happen and being not greedy about the lost opportunity makes a person wise. Rather keep track of that coin and enter when it comes back down.

This is true, many have the mistaken idea that a trader is always in the market and if you are not you are missing many opportunities but the truth is there are times in which the best thing you can do is to be out of the market, and if for some reason you miss a signal then there is no point in entering the market late, in a few days another signal will appear and you will make money in the market that way.

This indicates that one of the most important skills a trader must posses is the ability to wait and to not give up even if he suffers a number of consecutive losses because in this market is not rare at all to recover all the money you have lost with a single positive trade.

[Ellen Adarna]

It takes a lot of time for a beginner to be good in trading because people who mostly don't know or does not have enough knowledge about trading always end up a losing a huge amount of money, so it will be better if you should first have a background and knowledge in trading for you not to waste a lot money because trading is not all about buying and selling things and you should also know how the market works. Every people in this world has a chance to learn and to be good at things that they really wanted to do, that is why you have the chance to earn huge profit in trading. Right now, i am also doing some trade in Darb finance that is one of the most secure financial asset trading platform that will help you trading with cryptocurrencies and fiat. Darb also has a high security features that can protect all of your assets and has low fee.

[atsc10]

Inexperienced traders need to invest time in learning the market. It's helpful to find good resources to do so. Coinscious.io has market reports to help get a basic understanding of trends. Their dashboard.coinscious.io is an easy tool to see prices, performance, and strategy metrics.

[Sum24]

Your strategy is good, but a lot of traders don't have patience to wait they want to trade frequently. As they used to trading often, so if they don't trade for some time they feel unease. Anyway, you have to study the market and follow the chart regularly or you would miss the train of positive trend.

You dont have to trade everyday because you want to. Being a diligent trader is knowing when the buy and sell and what to buy and sell. I would stress on the "when" part of my statement more though. That means not everyday would be good for every trader. Thus missing out on a positive trend would mean you have lost that opportunity but you should not try to jump back into it. Let it go for now.

These things can happen and being not greedy about the lost opportunity makes a person wise. Rather keep track of that coin and enter when it comes back down.

Yes it is good to trade only if you see price is improving little normally but in case if you are new try to have patience. Before getting in trading gain knowledge as much as you can increase your knowledge, greed is surely curse and one should not be greedy, waiting is the best reward for the holders, price rise fall should be taken serious so you will gain good experience,

[Denton]

I think it will also be useful to pay attention to overbought and oversold markets. I know that this is also a working strategy when you buy when the market is oversold and sell when overbought.м

[TheUltraElite]

I think it will also be useful to pay attention to overbought and oversold markets. I know that this is also a working strategy when you buy when the market is oversold and sell when overbought.м

How far the news of being over traded is also tough to verify for newbies who lack the knowledge of doing technical analysis. While day traders are surely going to jump in as soon as something is over bought to sell them, new traders may wrongly buy in at that time

Not always is the market going to be overtraded. It's just normal correction and it goes back to its levels soon enough. Just keep a watch and get notified of weird price trends and you can catch hold of good coins at good times.

[gilangIDR]

I think it will also be useful to pay attention to overbought and oversold markets. I know that this is also a working strategy when you buy when the market is oversold and sell when overbought.м

How far the news of being over traded is also tough to verify for newbies who lack the knowledge of doing technical analysis. While day traders are surely going to jump in as soon as something is over bought to sell them, new traders may wrongly buy in at that time

Not always is the market going to be overtraded. It's just normal correction and it goes back to its levels soon enough. Just keep a watch and get notified of weird price trends and you can catch hold of good coins at good times.

Hey, see that trading is a simple matter. Never complicate with various strategies because in the beginning a trader was said to be successful, that is, when the trader was able to sell his coins he was far more expensive than when he bought them.

[BeGoods]

I think it will also be useful to pay attention to overbought and oversold markets. I know that this is also a working strategy when you buy when the market is oversold and sell when overbought.м

How far the news of being over traded is also tough to verify for newbies who lack the knowledge of doing technical analysis. While day traders are surely going to jump in as soon as something is over bought to sell them, new traders may wrongly buy in at that time

Not always is the market going to be overtraded. It's just normal correction and it goes back to its levels soon enough. Just keep a watch and get notified of weird price trends and you can catch hold of good coins at good times.

Hey, see that trading is a simple matter. Never complicate with various strategies because in the beginning a trader was said to be successful, that is, when the trader was able to sell his coins he was far more expensive than when he bought them.

Don't look at something easy, I don't think trading is as simple as you think. because just for market analysis there are many ways and strategies you can learn, and the market is also influenced by many things not just news, or actions from users
if you want to have a greater chance of profit, you should to have a lot of strategies and skills

[wxa7115]

It takes a lot of time for a beginner to be good in trading because people who mostly don't know or does not have enough knowledge about trading always end up a losing a huge amount of money, so it will be better if you should first have a background and knowledge in trading for you not to waste a lot money because trading is not all about buying and selling things and you should also know how the market works. Every people in this world has a chance to learn and to be good at things that they really wanted to do, that is why you have the chance to earn huge profit in trading. Right now, i am also doing some trade in Darb finance that is one of the most secure financial asset trading platform that will help you trading with cryptocurrencies and fiat. Darb also has a high security features that can protect all of your assets and has low fee.

Learning how to trade is not as difficult as many people think but the issue is that most people do not want to make the necessary effort to learn, they just want to invest in a coin and obtain benefits a week later and be millionaires and as you may guess that is not going to happen and if it does then it has nothing to do with your skills as trader and everything to do with your luck which is something in which you should not rely on because it is something you do not control.

And if in one day you were lucky you can bet that in the future you will be unlucky and it is likely that you will lose all your money at that moment.

[TheUltraElite]

Hey, see that trading is a simple matter.

It is not. Any speculative market is something that needs way more time and determination that what average people of this forum think they need. People here think that they can make money buying some shitcoin and wait till it pumps 100x of its buying price. Thats very rare, like hitting the jackpot.

Never complicate with various strategies because in the beginning a trader was said to be successful, that is, when the trader was able to sell his coins he was far more expensive than when he bought them.

What is the problem if you dont look into different strategies? It only gives you more ideas on how you can place trades and how you can anlyse the market. Its not always about trading, but also learning how to trade and when not to trade. Not every time is a good time to trade - a false pump happening may attract sellers, but be careful not to fall for such traps.

[mirawantirinjana]

experience will be gained when you do the trade, if you continue to study without trading directly I am sure you will never experience a bad event or be a good trader, therefore traders who do not have experience will be better if they continue to learn in theory and practice it with a capital that is not too big until they feel how to trade actually.

[suzanne5223]

experience will be gained when you do the trade, if you continue to study without trading directly I am sure you will never experience a bad event or be a good trader, therefore traders who do not have experience will be better if they continue to learn in theory and practice it with a capital that is not too big until they feel how to trade actually.

The best way to be perfection in what ones study is by putting to work what ones learn to know to aspect where ones need to do some correction, just like the OP advice the best time to learn and put the trade skills learn into action is this current market which the demand level is good to go for surge market.

[EXtremeAEX]

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.

Good post. Yes, for a newbie such actions would be a good option. But I would like to appeal to beginners. If you really want to become successful traders, then you need to develop. You cannt stop on describe above option forever. After all remember, whether it is a bear or a bull market, you can always earn money on it.

[syamster]

experience will be gained when you do the trade, if you continue to study without trading directly I am sure you will never experience a bad event or be a good trader, therefore traders who do not have experience will be better if they continue to learn in theory and practice it with a capital that is not too big until they feel how to trade actually.

The best way to be perfection in what ones study is by putting to work what ones learn to know to aspect where ones need to do some correction, just like the OP advice the best time to learn and put the trade skills learn into action is this current market which the demand level is good to go for surge market.

For me knowledge matters allot for all new traders as we know if a trader will trade without knowledge he will not be able to trade well according to the market moves, trading has allot of points that we should keep in mind before trading such as trade on right time and buy on right time, best thing for new traders is trading for long term it reduces the risk of loss.

[Bitcoin Smith]

The people were inexperienced in trading will not do the clear procedure for their next move I think the experience only make a person to think better and make the investment better in the right time.

[TRONTON]

The people were inexperienced in trading will not do the clear procedure for their next move I think the experience only make a person to think better and make the investment better in the right time.

in the end they will also understand and the things that underlie everything are tiered intentions, and want to learn at least the indicators that are finally comfortable to use. The signals they get from various sources begin to be analyzed carefully and form a good thing for further analysis, besides the intention there is one important thing, namely discipline and not easily affected by unfounded sentiments.

[kidoseagle0312]

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?

[yvesp110]

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?

It is the most difficult and the most important task for new investors and traders to find a good coin as if you take suggestions may be someone can give you wrong suggestion that can affect your future profit. Trading is huge platform you can get so many opportunities like having more knowledge and understanding the term trading will help you avoid lose being a good trader so gain knowledge as much as you can.

[EXtremeAEX]

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?

Yes, but not only for newbies. There are many traders who are quite comfortable with the usual unhurried trading. They don't aspire to a great variety and are quite satisfied with trading only on one exchange.
Of course, if we are talking about experienced traders, then this option is not very suitable for that traders. One exchange cannot provide all opportunities for earnings at all, therefore it is necessary to trade on different exchanges, trying to extract the maximum benefit from it.

[mirakal]

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?

Not only trading is a good exchange but it's also important that a trader will need not to be aggressive with the amount at risk.
There is a high risk for inexperience traders as a beginner, they can make a lot of errors that could be costly if they risk a big amount.
Trading is a long journey, we can learn from it, so don't rush things, always have the patient and keep improving.