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Author Topic: Trading tips for newbie traders !  (Read 299 times)
Janation
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September 08, 2019, 08:10:03 AM
 #21

It is hard to avoid losing in this market since it is a decentralized market.

Why don't you just hold cryptos you can invest in since the more you invest on every cryptos, you might have a hard time.

I don't usually hold many cryptos, another thing is because I don't have that much money to risk.

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September 08, 2019, 10:18:12 AM
 #22

Those mistakes are where you learn from.

You can also jot down everything you did and make an analysis out of it.
Maybe next time add it to your thread or just edit this one now so we can try to help you more.
What are the errors you made that made you lose?

For me, it would be better to read more about experiences here rather than forcing for another trade in your own without having a slight knowledge of what you are doing.

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September 08, 2019, 10:38:22 AM
 #23

traders for beginners are usually better to see first how the cryptocurrency price movements in the exchange place after you feel familiar with the price movements and can determine the right time to buy and sell coins then you can trade with small capital, do it in stages so You can find out how to trade properly.

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September 08, 2019, 11:03:45 AM
 #24

beginners will learn analysis and they think that now we can make money but in investing analysis not the only thing to look for there are other tings to consider market conditions when that analysis works , how is risk management and lot more
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September 08, 2019, 12:36:47 PM
 #25

I recommend to be patient because market will start growing again but they need more time to grow and everyone wants market to up again. That's only my recommendation that I offer for you but what ever you get recommended for the others just make sure it is suitable for you because we have different perspective. But what ever the startegy that we use if the market down we Can't stop  it unless we have have unity.



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September 08, 2019, 12:54:55 PM
 #26

Hi guys. I am trading with BTC and alts around few months. Sometimes i make mistakes and to much rely on fumdamental analysis. What can you recommend me in order to avoid loses and become successful? I am waiting for your recommenadtions. Thanks in advance,

The obvious answer would be to avoid those mistakes you make. Although I don't have an idea of the mistakes but a good sign/first step to solving a problem is to admit the mistakes you make, which you have just done so kudos for that. Next would involve reviewing your strategy. Do you have any trading strategy you used in trading. If you don't then that's the cause of your problem but if you do have a strategy then it's either you're doing it wrong or that strategy doesn't favor you and you need to try a different trading strategy. Taking note of all I just said could help you get back on track in profiting from your trades.

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September 08, 2019, 12:56:37 PM
 #27

Hi guys. I am trading with BTC and alts around few months. Sometimes i make mistakes and to much rely on fumdamental analysis. What can you recommend me in order to avoid loses and become successful? I am waiting for your recommenadtions. Thanks in advance,

Making a mistake is normal, even a pro trader is also making a mistake. So there is no other way to you besides learning to trade by yourself. Don't listen to another trader, especially if you are not analyzing the market by yourself because you don't know if they are right or not.

Even they say that the coin will go down, but your analysis says that the price will go up, then you should make your own decision. That is your money, and you need to make your final decision.

The basic of trading will be buying low, sell high as the others said. So that is what you need to do right now. But that is not as simple as you see because the market will always move and you cannot predict when it's down and up.

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September 08, 2019, 01:28:58 PM
 #28

I recommend to be patient because market will start growing again but they need more time to grow and everyone wants market to up again. That's only my recommendation that I offer for you but what ever you get recommended for the others just make sure it is suitable for you because we have different perspective. But what ever the startegy that we use if the market down we Can't stop  it unless we have have unity.
Your suggestion will never suitable on new traders, because everyday market will moving forward and backward so those are start new in this platform.we must allocate the trading value that means. If you invest 100 USD once it will move 99 USD automatically it will back to previous state is good approach of beginners. They never loose the money they increase the knowledge and once it will going forward they earn good profit.

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September 09, 2019, 05:56:47 AM
 #29

beginners will learn analysis and they think that now we can make money but in investing analysis not the only thing to look for there are other tings to consider market conditions when that analysis works , how is risk management and lot more

I will suggest them to learn about how to manage the risk and how much money they should use in trading. The new people don't know about that, and it seems, they attract to trading because of other people who can make a lot of money from trading. So they try to trade, but they don't know how to get a low price and sell at a high price.

But if they can learn about the analysis, how they can trade with the right, then I think they can get the first time of profit for them. And sometimes, the new trader can get their profit with easily than the old traders. So after that, the new trader will need to learn so many things so they can make more profit in another trading.

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September 09, 2019, 10:42:14 AM
 #30

Hi guys. I am trading with BTC and alts around few months. Sometimes i make mistakes and to much rely on fumdamental analysis. What can you recommend me in order to avoid loses and become successful? I am waiting for your recommenadtions. Thanks in advance,

Did you learn how to mitigate risk? How about using a entry and exit strategy? We really don't know your trading skills so it's really hard to give you a advise. Anyways, I guarantee you that everyone here make mistakes in the past specially in the beginning of their career. But the thing is that they learn from them and not repeat the same mistakes. I urge you to look at your past trading history and try to sort of what made you loss your money.

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September 09, 2019, 02:25:48 PM
 #31

~snip~
Your suggestion will never suitable on new traders, because everyday market will moving forward and backward so those are start new in this platform.we must allocate the trading value that means. If you invest 100 USD once it will move 99 USD automatically it will back to previous state is good approach of beginners. They never loose the money they increase the knowledge and once it will going forward they earn good profit.
^ That is right and I agree on you. To OP, don't focus on the suggestions of other people. However, it is a good help also but most important is to have your own research about this trading world to avoid a lot of losses. The most important thing is to learn how to buy low and sell at the perfect timing when the price rises. Nevertheless, study first about technical and fundamental analysis regarding market price graph in the market. Great skills have a great advantage in trading.

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September 09, 2019, 02:48:39 PM
 #32

Hi guys. I am trading with BTC and alts around few months. Sometimes i make mistakes and to much rely on fumdamental analysis. What can you recommend me in order to avoid loses and become successful? I am waiting for your recommenadtions. Thanks in advance,

As a trader it is normal for us being a player on trading site platform to make a mistakes mate. Now, I do believed that actual trade is the best experience for to become a good trader and become successful in the end, in which it could be a tools for us to become more sharpen being one of the traders in this crypto world.

           
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September 12, 2019, 09:45:59 AM
 #33

Hi guys. I am trading with BTC and alts around few months. Sometimes i make mistakes and to much rely on fumdamental analysis. What can you recommend me in order to avoid loses and become successful? I am waiting for your recommenadtions. Thanks in advance,
Making mistakes is just part of the game here, if you don't make mistakes then how can you improved your trading experiences?

I guess everyone gave enough tips already, I would just advise you not to be discourage if you suffer a loss. Make that as an inspiration to you and learn from it. There's no guarantee that you will be 100% successful all the time, but learn to amends, and always remember that this is not a sprint, this is like a marathon and the winner in the end are those who persevere and consistent.

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September 12, 2019, 10:00:32 AM
 #34

It is hard to avoid losing in this market since it is a decentralized market.

Why don't you just hold cryptos you can invest in since the more you invest on every cryptos, you might have a hard time.

I don't usually hold many cryptos, another thing is because I don't have that much money to risk.

Holding does not guaranteed profit, many members here hold crypto, but not a few of them do not produce like trading. Holding also requires a obvious analysis, so analysis is not only for those who trade and hold not just about buying and forgetting, it's not true.

Here @OP only relies on fundamental analysis, so indirectly @OP better understands fundamental analysis, but that doesn't matter, @OP can stay more focused on analysis that he does but does not rule out other analyzes.




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September 12, 2019, 02:27:10 PM
Last edit: September 12, 2019, 06:45:09 PM by Freddy11
 #35

In my view, the only thing a newbie should be focusing on is how to work with proper plans and right risk/money management. As if we are able to do that successfully, it would lead us towards getting really great results. My tip is to use quality Trading Tools, and it’s kind of thing that is definitely helpful and gives us good direction to play out things for betterment. It is just not going to work at all if we don’t go that direction.
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September 12, 2019, 02:27:55 PM
 #36

Hi guys. I am trading with BTC and alts around few months. Sometimes i make mistakes and to much rely on fumdamental analysis. What can you recommend me in order to avoid loses and become successful? I am waiting for your recommenadtions. Thanks in advance,

 "Understanding, analyzing, and actions " These three became my grip to trade. A beginner has a very high level of emotion and should be able to control your emotions. In a few months, this trade seemed to improve, but it was still very confusing. Many altcoins have decreased and this is due to Bitcoin domination. So it is natural that many people suffer losses, as expect a high rise in Altcoin.

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September 12, 2019, 05:54:20 PM
 #37

If you a trader who just open position depending on fundamental, I think it will be better if you wait after news already release or fomo already spread out, red long candlestick show up, then you can buy with your 10% of your funds, after that sett your limit buy and target point to take profit.
Do it consistently and don't regret any decision you made. Happy trading.

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September 12, 2019, 07:01:32 PM
 #38

Hi guys. I am trading with BTC and alts around few months. Sometimes i make mistakes and to much rely on fumdamental analysis. What can you recommend me in order to avoid loses and become successful? I am waiting for your recommenadtions. Thanks in advance,

 "Understanding, analyzing, and actions " These three became my grip to trade. A beginner has a very high level of emotion and should be able to control your emotions. In a few months, this trade seemed to improve, but it was still very confusing. Many altcoins have decreased and this is due to Bitcoin domination. So it is natural that many people suffer losses, as expect a high rise in Altcoin.
Yeah all these things are very important to become a good trader. You should know when to invest your money. Make  research before getting in any Market, website or to chose any coin it is very important to be wise and never lose hope try to become experienced with time and be patient about market price changes.

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September 12, 2019, 08:13:18 PM
 #39

Don't ever force a trade to happen. You're going to get nowhere if you do this; instead, do something else in the meantime or wait until you actually see a viable point to enter a trade. Better to just be sitting and not risking money than entering a subpar trade with bad risk/reward.

Also remember everybody makes mistakes and everybody gets losing trades or a couple losing trades every now and then. A losing trade is a great opportunity for you to analyze what exactly you did wrong and improve on it. Take every chance you can to learn more about trading, especially as a newbie- doesn't hurt to be knowledgeable.

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Vaculin
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September 12, 2019, 11:08:57 PM
 #40

Don't ever force a trade to happen. You're going to get nowhere if you do this; instead, do something else in the meantime or wait until you actually see a viable point to enter a trade. Better to just be sitting and not risking money than entering a subpar trade with bad risk/reward.

Also remember everybody makes mistakes and everybody gets losing trades or a couple losing trades every now and then. A losing trade is a great opportunity for you to analyze what exactly you did wrong and improve on it. Take every chance you can to learn more about trading, especially as a newbie- doesn't hurt to be knowledgeable.
Take your time first in learning the basics in trading especially in analyzing the charts so you will know how to monitor the price charts of the coins. And trade first with the amount you can afford to lose because most often, newbies get lose in trading during their first times. Never be afraid to trade again  because it will challenge you to be more profitable the next time you trade.




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