Newbie in crypto trading

[sana54210]

XBX (Bitex) is a new altcoin that is very good for being a trading asset and can trade it on the IDAX Exchange.
I am sure you will be very interested if you have seen the trade history at IDAX.

This is exactly the challenges we do have with most newbies which I’m not left out too though and its impatient, impatience is what made lost lots of cash when I first started thinking my 2 weeks practice using YouTube is enough to get me into trading.

Most newbie are not patient enough to learn every stage of trading before they start trading, Imagine a newbie who doesn’t even have any understanding of the industry at all want to start trading within 3 days. Trading requires patience and enough skills needs to be grabbed before venturing into it.

[1714948832]

1714948832

[LUCKMCFLY]

XBX (Bitex) is a new altcoin that is very good for being a trading asset and can trade it on the IDAX Exchange.
I am sure you will be very interested if you have seen the trade history at IDAX.

This is exactly the challenges we do have with most newbies which I’m not left out too though and its impatient, impatience is what made lost lots of cash when I first started thinking my 2 weeks practice using YouTube is enough to get me into trading.

Most newbie are not patient enough to learn every stage of trading before they start trading, Imagine a newbie who doesn’t even have any understanding of the industry at all want to start trading within 3 days. Trading requires patience and enough skills needs to be grabbed before venturing into it.

You are absolutely right, it would be ecxcellent that before you start trading, you will start with virtual money Exchange, so that you will be testing your strategies, it is a good way to understand the market, and above all to know how is the speed of reaction, and how do you react to the losses, because there are many newbies who start, lose and retire because they think they do not know and that can not be learned.

[mirakal]

My suggestion is that you better look for good coins whose prices are falling dramatically, and now there are lots of coin choices because almost all coins are falling, one of the good things in my opinion is, Cardano, Steem and gifto, you can buy one of them

That's a good suggestion, the top 10 coins are falling actually and they are stronger coins compared to the remaining coins.
Being in the top 10 means something big, developers will be more motivated to protect their standing, they are the popular in the market so that opportunity is big for the team to develop their coins for the future, so investors should look at this logic.

[Nasty23]

My suggestion is that you better look for good coins whose prices are falling dramatically, and now there are lots of coin choices because almost all coins are falling, one of the good things in my opinion is, Cardano, Steem and gifto, you can buy one of them

That's a good suggestion, the top 10 coins are falling actually and they are stronger coins compared to the remaining coins.
Being in the top 10 means something big, developers will be more motivated to protect their standing, they are the popular in the market so that opportunity is big for the team to develop their coins for the future, so investors should look at this logic.

Yes, choosing the top 10 coins that falling right now in the crypto market is a good decision because those coins are having a big possibility to give you a huge profit in the near future due to its active development and project that attracts the investor to support this coins.

[fasdorcas]

You should be know first how to minimize the risk from wrong trade because in each open potition will be not possible all of that will make profit , but some of that will be failed trade. So you have to understanding how to use stop loss in crypto exchange, this is the most important thing in trading and apart of risk management.

What is certain is that we must have the ability to do trading. Our knowledge and skills will increase when we have experience. I think we have to keep trying to trade to get that, when we fail then we have to keep trying. Don't give up because by continuing to trade our experience will increase and be honed. Believe in ability because with this we will get closer to success.

Nice words of advice mate, I know it’s not easy to lose money but the only way to be a perfect trader is to acquire the knowledge, put it into practice, fall by losing and rise again to become a super trader, it’s out of the experience that one learnt his lesson for it not to be repeated.

I lost to trading 2 times before I became perfect, those losses thought lots of good lessons in trading and now I am very good at minimizing risks and at the same time make money daily through day trading.

[logicgate]

My suggestion is that you better look for good coins whose prices are falling dramatically, and now there are lots of coin choices because almost all coins are falling, one of the good things in my opinion is, Cardano, Steem and gifto, you can buy one of them

That's a good suggestion, the top 10 coins are falling actually and they are stronger coins compared to the remaining coins.
Being in the top 10 means something big, developers will be more motivated to protect their standing, they are the popular in the market so that opportunity is big for the team to develop their coins for the future, so investors should look at this logic.

Yes, choosing the top 10 coins that falling right now in the crypto market is a good decision because those coins are having a big possibility to give you a huge profit in the near future due to its active development and project that attracts the investor to support this coins.

  Instead of trying many coin I like to trade only with one coin which is profitable and it has good promising future, in prefer investing for long term trading and choose only bitcoin, it has high demand now a day which is pushing price ahead, I am sure very soon it will be high, try to trade for long term and keep learning about trading it will help you in future.

[emmybd]

I think it would be better for you if you diversify your portfolio and buy 15 or 20 more established altcoins such as Neo, Monero, Nex, Cardano, Zcash, Ripple, Steller and some newly listed good altcoins. In this way, you have more chance of getting good profits in future.

[Hannahanto]

I think it would be better for you if you diversify your portfolio and buy 15 or 20 more established altcoins such as Neo, Monero, Nex, Cardano, Zcash, Ripple, Steller and some newly listed good altcoins. In this way, you have more chance of getting good profits in future.

I am sure best advice might have been given to you. I wouod advice you to invest the profit you may gain out of the coins. Enlarge your capital. Do not tend to withdraw your profits untill you are sure that you have enough capital. This will lead you to be a big and successful trader.

[Wexnident]

I think it would be better for you if you diversify your portfolio and buy 15 or 20 more established altcoins such as Neo, Monero, Nex, Cardano, Zcash, Ripple, Steller and some newly listed good altcoins. In this way, you have more chance of getting good profits in future.

I am sure best advice might have been given to you. I wouod advice you to invest the profit you may gain out of the coins. Enlarge your capital. Do not tend to withdraw your profits untill you are sure that you have enough capital. This will lead you to be a big and successful trader.

Common mistake what beginner do is that they just stick on their capital, ive notices that they just want a small capital yet expecting a huge profit. I doubt some of beginner only came just to make short income.

[arpon11]

I think it would be better for you if you diversify your portfolio and buy 15 or 20 more established altcoins such as Neo, Monero, Nex, Cardano, Zcash, Ripple, Steller and some newly listed good altcoins. In this way, you have more chance of getting good profits in future.

Majority of the new listed altcoins are not doing well and most of them may die and therefore I will say op should focus on those coins that have good technology and team and at the same time are well established.  Those coins you have mentioned are really good for investment and that is if op has decided to diversify his portfolio.  The ethereum classic he is currently holding is a good coin and might just need patience in other to turn that into fortune in future.

[Meysa_richa]

in crypto trading it is very risky but also very profitable, and if in my opinion it is better for some of your funds to trade and partly for investment or hold.

[vinasky]

I am a newbie too
How do you think, should I hold EOS https://cmc.io/coins/eos now?

[Dudeperfect]

I believe that the crypto is trailing at lower levels now and we can expect a slight recovery with some volatility in the price within the next few months. I believe that there will be many entry and exit opportunities in the market thus at this point, diversification in top 10 cryptocurrencies would be a good deal considering short and extra long term. I will not recommend the exact names but there are some good points in the top 10 list according to the market capitalization.

[Noa_Amable]

I am newbye I need help to trading,please help me to do best

you should remember that practice makes perfect.
get ready to read a lot and practice a lot.

first of all decide what coins you are planning to trade (choose major ones).
find sources where you can check news for this or that coin (3-4 websites).
then try to follow coin price and the news. try to understand because of what news price move this or that direction.

[vixcious]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

I think you should use $ 200 to invest in BTT. The value of the coins is going down and investors will take this opportunity to buy ETH and BNB to buy more BTT.
You can invest pair BTT and BNB. Your profits will receive from 5-12% during this investment. But wait another 10 hours, the red candle will stop and you should buy it right away.

[virasog]

I am newbye I need help to trading,please help me to do best

you should remember that practice makes perfect.
get ready to read a lot and practice a lot.

first of all decide what coins you are planning to trade (choose major ones).
find sources where you can check news for this or that coin (3-4 websites).
then try to follow coin price and the news. try to understand because of what news price move this or that direction.

No matter how experienced we are now, we were once a newbie also. So everyone experience this stage. The important thing at the early stage of trading is to learn from your mistakes and try not to repeat the same mistake again and again. If you are able to understand and rectify your mistakes, you will one day will become the good trader.

[gilangIDR]

If you are a newbie then you do not need to think about many things about the existing strategy, you just need to try to be able to make a profit. Whatever benefit you get it won't matter, when you get a very small profit it can be used as a lesson and experience. A trader must learn many things, but for a newbie then you have to start from the most very simple thing.

[iv4n]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

I think you should use $ 200 to invest in BTT. The value of the coins is going down and investors will take this opportunity to buy ETH and BNB to buy more BTT.
You can invest pair BTT and BNB. Your profits will receive from 5-12% during this investment. But wait another 10 hours, the red candle will stop and you should buy it right away.

BTT, like any other ICO is risky for any kind of investments, short or long term. I`m not so familiar with tron network, but as I know with holding trons you get some BTT tokens, check that out, in that case it would be better to invest in tron and to get btt on top of that, with same investment. In crypto you need to be smart and to take as much as you can with any amount.
With 200 dollars, buy bitcoins with 100 dollars and wait next rise over 4000 dollars and collect the profit. If price drop more buy again for 100 dollars or less and wait for profit, price will go back over 4000k in period of next 30 days, what we should do now is to feel the bottom with our buying and wait for profit.

[blackhawkeye1912]

Hello. I need I suggestion, because I just started trading.
I have a 20 ETC, and I want to trade it, can you suggest me for what to trade it. Maybe even to just hold it?
BTW I have 0.5 ETH. And 200 ELLA, and 100 PIRL(I know that ELLA and PIRL are nothing now, just hodling it.)

Also I want to invest 200$ in crypto right now so you can suggest me something for that too.

PS: I know that this is a Bitcoin forum but I really want to hear oppinion from someone who has experience in crypto world.

If you want a sure token to trade with, it is much good and better to choose on the top 20 altcoins at the coinmarketcap.
With this you are sure taking home profit due to the market most of the time that belongs to top 20 are anyhow aggressive according to
the actual chart graph in the platform exchange.

[LUCKMCFLY]

If you are new, you must know how you want to act, if you want to be an investor or a market speculator, but the truth is that if you buy right now, what you should do is keep it, until it goes up. I do not know how long it will last, but it will go up, I recommend Bitcoin. And with that you are learning, reading a lot, especially books.