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Author Topic: Beginner Trader  (Read 1711 times)
Kelvinid
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October 12, 2019, 01:04:42 PM
 #101

I have to believe that isn't easy to become a trader at the start, a lot of things to consider before we've been doing this. In fact, a lot of fo people have lost their confidence when they'll in trading and even many suffer losses. What I've got here are some exchanges that could help to develpo young minds about trading. You may take a look at this.
https://www.bestbitcoinexchange.net/for-beginners/

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October 12, 2019, 01:12:29 PM
 #102

For me trading is not an easy thing to do to make money but when we learn the technique in trading i am sure it is one of the best source of income here in cryptoworld and i think a lot of newbie should watch the basic  trading in youtube and then practicing trading everyday with a small amount is also a great thing to do to became a good trader.

I think it is a good thing to do if you get in it first.

In the early stages of Bitcoin, a lot of people bought huge amount at a cheap price and saved it to earn a huge profit.

Also, with this job in hand, you don't need to be so focused on it. You can do it as a second job a part-time job since you can just check every now and then for some changes in the market. Though if you don't know what you are doing, better keep your money far from investing or trading since that will really cost you and you might blame it on cryptos.
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October 12, 2019, 02:08:02 PM
 #103

first risk. if you are afraid of risk, I suggest not to become a trader or investor. being a trader is not easy, it requires broad understanding and must read the news every day. most people lose trading because of mental illness, your psychologist must stay calm and don't be in a hurry.
which must be prepared in advance to become a trader that is, mentally, broad understanding, always updating the news and looking for the facts, finally doing analysis. sounds easy, but full of risk. my advice do not make trading digital assets as your source of income.

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October 14, 2019, 01:07:07 PM
 #104

You just need to keep trying to learn by self-taught, because when more you try then will more you become accustomed to failure so that it will make you a valuable lesson at later time. Failure is a lesson to be better in the future.
Often new traders are in search of mentors who can guide them all tricks of trading and they end up often paying huge fees to trading experts and still are not able to enjoy desired results. As you have mentioned about self learning, that is the only key to success in trading because everyone has different trading style and preferences, so just take guidance not depend on others totally.
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October 14, 2019, 07:06:31 PM
 #105

You just need to keep trying to learn by self-taught, because when more you try then will more you become accustomed to failure so that it will make you a valuable lesson at later time. Failure is a lesson to be better in the future.
Often new traders are in search of mentors who can guide them all tricks of trading and they end up often paying huge fees to trading experts and still are not able to enjoy desired results. As you have mentioned about self learning, that is the only key to success in trading because everyone has different trading style and preferences, so just take guidance not depend on others totally.
.

I'm not against anyone getting a mentor. If you can get one who is serious about training you till you're reafy to trade on your own. But these days, It hard to find one without any strings or fees attached. Most professionals or Self-claimed "mentors" are all about the money and will milk you out. But if you manage to get a good one, they'll groom you up. But If you're not opportuned to find one. Just can just learn the skill yourself. You can learn basically anything these things with commitment and the right mindset.

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October 14, 2019, 08:20:06 PM
 #106

You just need to keep trying to learn by self-taught, because when more you try then will more you become accustomed to failure so that it will make you a valuable lesson at later time. Failure is a lesson to be better in the future.
Often new traders are in search of mentors who can guide them all tricks of trading and they end up often paying huge fees to trading experts and still are not able to enjoy desired results. As you have mentioned about self learning, that is the only key to success in trading because everyone has different trading style and preferences, so just take guidance not depend on others totally

It is the same with most books on trading

Either the approaches laid out there are no longer working (apart from just being too vague and non-specific) or their authors don't have a clue about trading themselves. In other words, more often than not it simply doesn't make sense to teach anyone for the money which the potential mentor can earn in likely a tiny fraction of the time he is going to spend on teaching unless it involves something else, of course (I mean, other than money)

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October 15, 2019, 03:02:58 AM
 #107

   
If you want to become a good trader then you must take a lot of risks, It's a very risky platform, both the price and the market is very volatile, I think this should be considered and if you can then trader would be the best possible way to make profit with a short time, but if you lose then you also lose your money within a very short time. Controlling emotion is another important thing in good trading, never take any decision based on emotion, always try to get updated what's going on the market, every little moment is important for making a profit in trading, I also think that technical analysis also bears a good amount of profit in trading because you can get a signal from graphical analysis. so right time click is the most important thing in trading.

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October 15, 2019, 08:53:45 AM
 #108

You just need to keep trying to learn by self-taught, because when more you try then will more you become accustomed to failure so that it will make you a valuable lesson at later time. Failure is a lesson to be better in the future.
Often new traders are in search of mentors who can guide them all tricks of trading and they end up often paying huge fees to trading experts and still are not able to enjoy desired results. As you have mentioned about self learning, that is the only key to success in trading because everyone has different trading style and preferences, so just take guidance not depend on others totally.
But now there are many groups that offer trading signals so that we easily follow what they say without to self learning. For beginners I suggest to get a professional mentor who is able to guide you to become a pro trader. It takes a long time but if you are patient you will get what you want.
Trading signal will be bad, if free i think someone wouldn't give it easily. If paid there are usually need big amount of money to join. Maybe if our capital and we already don't have way or really can learn about trading, join  trading signal will be worth. But it is better to learn by ourself.

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October 15, 2019, 08:59:55 AM
 #109

You just need to keep trying to learn by self-taught, because when more you try then will more you become accustomed to failure so that it will make you a valuable lesson at later time. Failure is a lesson to be better in the future.
Often new traders are in search of mentors who can guide them all tricks of trading and they end up often paying huge fees to trading experts and still are not able to enjoy desired results. As you have mentioned about self learning, that is the only key to success in trading because everyone has different trading style and preferences, so just take guidance not depend on others totally.
But now there are many groups that offer trading signals so that we easily follow what they say without to self learning. For beginners I suggest to get a professional mentor who is able to guide you to become a pro trader. It takes a long time but if you are patient you will get what you want.
Trading signal will be bad, if free i think someone wouldn't give it easily. If paid there are usually need big amount of money to join. Maybe if our capital and we already don't have way or really can learn about trading, join  trading signal will be worth. But it is better to learn by ourself.




On my point of view you don't need menthors because you would likely be doing what they are doing and what they are doing is not always correct. I think you should figure it out your self and you don't have anyone to blame but your self if you loose some of your coin. Any way it is on the learning process. Just keep in mind that it is always moving the market is always moving that is why monitoring is very important

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October 16, 2019, 03:59:08 AM
 #110

Hi, I’m not sure if I’m posting in the correct category. If someone could let me know that would be great.
I recently had a conversation with a person from Tradenix. As I am completely new to this I thought I would search reviews of other peoples’ experience with this company. I cannot find anything that doesn’t seem sort of made up. I did find one negative review but didn’t really understand why it was negative.
Does anyone have a suggestion where I could start to educate myself on this process and does anyone of a positive experience with any broker?

Well as You are beginner kindly plz give major focus on security and trust with the exchanger.
While considering trust and security first things have to look for domains WHOIS. And then the language used for the development of a platform.

Focusing on these things can clear more doubts.

And as a new trader, you must have to focus on learning new things and experiment with them with your virtual asset.

Trading is a skill can be developed and polished but no one can be master. So plz give time on learning and implement it practically.
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October 16, 2019, 04:52:49 AM
 #111

My advice for beginner traders just do your own trading first, do not use the services of a broker. The one you manipulate later if it turns out the broker isn't trusted, it's better to learn techniques trading alone will be very helpful. Trading knowledge is now easy to find, please search on youtube, search on google, reading books, etc. If trading alone will be easier to get profit, because we do research, analyze and read news before deciding which coins we will buy. That way the decisions we make really match what we need.

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October 16, 2019, 05:00:06 AM
 #112

A novice trader is still an amateur when they take buy or sell positions. they should have at least been able to read the moving Candle before they could analyze the Indicators. I used to study with Candle and also RSI as a start when I wanted to start learning trading. when mastering the new I will look for new indicators to learn. all gradually to learn it

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crossabdd
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October 16, 2019, 12:06:03 PM
 #113

I have never heard of Tradenix. I think, it is not a large volume exchange. so you should not start trading there. try to start trading in large exchanges such as binance, bittrex, huobi, or Kucoin. This exchange is better for you to learn. because it has small fluctuations and all are real.
Pelunize12
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October 16, 2019, 03:19:44 PM
 #114

there are many exchanges better than tradenix, such as binance, coinbase, bitfinex, bitmex, etc. you can choose that one exchange
if you are a beginner, then learn at the basic first, learn technical analysis such as support, resistance, indicator, ect. it can make ur trading better
make sure that u use small money for practice, after you are good enough, you can use much money
Arkann
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October 16, 2019, 05:03:41 PM
 #115

I, too, am a novice trader and have been studying this activity for a long enough time not only to study theory, but also to replenish my experience in practice.  To date, I use an article called "Scalping", and practicing daily trading with the obligatory use of stop loss.  I believe that this strategy is the first step for any beginner.

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kynaz
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October 17, 2019, 04:21:21 AM
 #116

there are many exchanges better than tradenix, such as binance, coinbase, bitfinex, bitmex, etc. you can choose that one exchange
if you are a beginner, then learn at the basic first, learn technical analysis such as support, resistance, indicator, ect. it can make ur trading better
make sure that u use small money for practice, after you are good enough, you can use much money
Before entering the market, you need to prepare a lot of knowledge because this is not an ordinary market that can help you earn high profits. In fact, 80% of new investors entering this market often lose more money because they are not ready for trading and often tend to sell when there is no good profit. I often recommend that some newcomers participate in crypto-related events so that they have more experience and good strategies before they start investing.






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Edraket31
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October 17, 2019, 05:14:34 AM
 #117

there are many exchanges better than tradenix, such as binance, coinbase, bitfinex, bitmex, etc. you can choose that one exchange
if you are a beginner, then learn at the basic first, learn technical analysis such as support, resistance, indicator, ect. it can make ur trading better
make sure that u use small money for practice, after you are good enough, you can use much money
Before entering the market, you need to prepare a lot of knowledge because this is not an ordinary market that can help you earn high profits. In fact, 80% of new investors entering this market often lose more money because they are not ready for trading and often tend to sell when there is no good profit. I often recommend that some newcomers participate in crypto-related events so that they have more experience and good strategies before they start investing.

It's okay to lose money for as long as you are learning from your experience, no trader become rich at very short period of time, it takes a lot of experience, money, time and learning before you will finally become expert. It would take few months or a year depending on how dedicated you are. Perseverance and patience are one key factors in trading. 

NewRanger
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October 17, 2019, 05:26:31 AM
 #118

I have never heard of Tradenix. I think, it is not a large volume exchange. so you should not start trading there. try to start trading in large exchanges such as binance, bittrex, huobi, or Kucoin. This exchange is better for you to learn. because it has small fluctuations and all are real.
maybe only shitcoins that listing on tradeinx.so far i am working in cryptocurrency market i never heard this market..and maybe most of traders felt it too..as a trader we must able to filtered which exchanges that save for us.and binance still on top list exchanges.security,trading volume was very good in binance.
abel1337
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October 17, 2019, 06:48:45 AM
 #119

I have never heard of Tradenix. I think, it is not a large volume exchange. so you should not start trading there. try to start trading in large exchanges such as binance, bittrex, huobi, or Kucoin. This exchange is better for you to learn. because it has small fluctuations and all are real.
maybe only shitcoins that listing on tradeinx.so far i am working in cryptocurrency market i never heard this market..and maybe most of traders felt it too..as a trader we must able to filtered which exchanges that save for us.and binance still on top list exchanges.security,trading volume was very good in binance.
Right, There are some exchanges that earned reputation and proved that they can provide good service for traders, why would you switch to a newly established exchange. On exchanges, volume matters a lot. Big exchanges are loved by traders because of its volume and the way that their exchanges behave. Good promotions and establishing a trust to traders is the one who will rise up such new exchanges.
Inkdatar
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October 17, 2019, 02:20:41 PM
 #120

I, too, am a novice trader and have been studying this activity for a long enough time not only to study theory, but also to replenish my experience in practice.  To date, I use an article called "Scalping", and practicing daily trading with the obligatory use of stop loss.  I believe that this strategy is the first step for any beginner.
We have started from the beginning of learning knowledge all about crypto trading for us to cope up with how trading works. Right practicing what we have learned guides all throughout our strategy in trading. Having this stopping loss is good it could minimize our losses. Also, as a beginner trader always study the market and just invest in what we can afford to risks or lose.
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