Tips for newbies to trading

[Upgrade00]

Trading can be very complicated especially for newbies. Lots of people are still split on whether it's down to luck or skills on the analysis (technical and fundamental). As a trader, there are bery simple steps you can take to improve your chances of gaining and also minimize your losses and they can be useful for day traders as well as long term traders (investors)

1) Read and research: This is important for both newbies and experienced traders. The internet is a repository for information and lots of knowledge can be gotten from reading through it (this also includes watching helpful videos). Also do your research, knowing what is happening on what exchange or what currency is planning a fork or a halving can help shape your decisions.

- Practice: Through regular practice, you will find the strategy that suits you, this can be done through demo trading.
One important point to note is that during g practice you have to treat it like it's the real thing. Use only the lot size, capital, leverage, etc that you will use during an actual trade.

- Start small: There is no hurry in trading and as a newbie, you should start small and grow with time. Losses are ineluctable, so a small capital will reduce your losses.
At every point, only invest what you can afford to loss

- Be patient: Every trader should have the quality of patience and also timing.
It is important to know how to control your emotions and only act on your analysis. This would also help you handle losses and profits.

- Explore every option: There are lots of tools at your disposal, signals, technical and fundamental analysis, etc, not every one of them would be helpful to you, discard those which are not and stick to your strenghts. Bitcointalk can also be a useful tool, it's an interactive forum where you can ask questions.

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[Wexnident]

Add the ability to know when to stop, or make a limit when trading, PLUS trade only what you can trade. There are quite a few important things to note in trading but these too are important so that you wouldn't lose much when you're actually losing in a trade. Plus, asking for loans to invest isn't really an optimal thing to do so trade what you can.

[Furious 7]

The points you give here are very clear and I think this can be understood by the novice traders here.
Winning requires skills to be a reliable trader and must be careful, patient, don't panic, that's the main key in my opinion.
I am sure every novice trader will feel the complexity in the first trader.

[rez303]

Yes, I often hear a lot about these tips. I have been doing my training too but sometimes I get stuck and I can't feel the market. I think that I and other newbies need mentors and can you recommend us? I highly appreciate being involved in a group that specializes in training newbies.

[Upgrade00]

...

Unfortunately, I can't recommend any mentors to you. All the legitimate groups I know are close knit and it's difficult getting random new people in.
Search around: use tools like, YouTube, Quora, Steemit etc, filter all the information and you'll eventually find the one that will suit you.
Note: all information you get from others are just suggestions and you should always do your own research, you bear the consequences of your actions.

PLUS trade only what you can trade... Plus, asking for loans to invest isn't really an optimal thing to do so trade what you can.

That was already included in the OP

At every point, only invest what you can afford to loss

[kolonel_x]

- Start small: There is no hurry in trading and as a newbie, you should start small and grow with time. Losses are ineluctable, so a small capital will reduce your losses.
At every point, only invest what you can afford to loss

Yes, this is suitable for beginners with small capital because the risk is minimal if the funds are small, where beginners can learn how to trade without the fear of losing your capital if you use small funds.

[dimonstration]

- Start small: There is no hurry in trading and as a newbie, you should start small and grow with time. Losses are ineluctable, so a small capital will reduce your losses.
At every point, only invest what you can afford to loss

Yes, this is suitable for beginners with small capital because the risk is minimal if the funds are small, where beginners can learn how to trade without the fear of losing your capital if you use small funds.

As long as they are newbies starting small is much better as they can test their understanding in the market through it without risking too much. Or if they really in short budget then using simulators will help them. Applying money without knowledge sometimes leads only to lose so better invest in learning first.

[iamaruf]

You should add few warnings.Don’t follow any signal from people or signal group.Don't jump when coin/token hyip. Follow the news,try to understand chart.Finally Invest those money that you can afford to lose.
Maybe these warnings will be helpful for new traders.       

[ajeef]

Yes, I often hear a lot about these tips. I have been doing my training too but sometimes I get stuck and I can't feel the market. I think that I and other newbies need mentors and can you recommend us? I highly appreciate being involved in a group that specializes in training newbies.

Yeah reading those tips are easy but when we enter the market those tips seems not work because market showed us different condition each time, all we need is experience and it's okay for newbie traders to lost because they will learn from experience

[hugeblack]

Tips are easy to say but difficult to implement, everyone can say but to explain to the user how to implement it is difficult.
I don't think people want to know that reading, training, patience, discovering skills are important, but where do they read, how to invest, what happens if the price drops, the best platforms for trading and more. In short how to implement these tips and make them really can make a profit.

These are not tips but the basics before you start trading. Following them may expose you to losses.

[Upgrade00]

These are not tips but the basics before you start trading. Following them may expose you to losses.

That's why I included newbies in the topic, to show it's for those who are just (about) getting into trading. Trading us a broad topic and I only highlighted simple steps a newbie should take. Losses are bound to come in trading, but I do not see how following basics could expose you to losses.

[mersal]

I would like to add one more point.

Don't try too many things:

                   Newbies have to stick with the trading method which suits them better,I suggest them to be a long term trader initially or at least mid term this will help them to get familiar with the condition of crypto trading market.If they try too many things in the initial stage or go with intra day trading then chances of losing their capital is high.

[jazmuzika217]

I agree on all your thought but I think you need to add one more thing which is avoid too much greed because I think it is the most important thing that we need to remember before doing and dealing in trading industry. You also need not some but huge or lot research and study before doing trading because it is very complicated activity.

[bobyhodob]

I agree on all your thought but I think you need to add one more thing which is avoid too much greed because I think it is the most important thing that we need to remember before doing and dealing in trading industry. You also need not some but huge or lot research and study before doing trading because it is very complicated activity.

how are you sure that we don't need research to learn to trade?
even those who are experts with their analysis and research still have 100% lost their money. I think a newbie really needs to learn even though it's just basic how to trade

[michellee]

- Start small: There is no hurry in trading and as a newbie, you should start small and grow with time. Losses are ineluctable, so a small capital will reduce your losses.
At every point, only invest what you can afford to loss

Yes, this is suitable for beginners with small capital because the risk is minimal if the funds are small, where beginners can learn how to trade without the fear of losing your capital if you use small funds.

Starting with a small amount is good for new people because they analyze and watching the price moves. They can use that amount to learn the movements of the coin so, in the next trade, they can know, and they can analyze better. That will prevent them from losing in a big amount of money in one trade so they can repeat the other trade in the next time. Only afford the money you can lose will be the best tips for new people, so they don't have to worry about losing that money.

[rijaljun]

Another important thing : Self-control

Have you ever experienced panic when you just made mistake? and then, you did something without thinking and made everything worse. It is very common issue, someone learned trading technique very well but he can't control his emotions, then he follows his feelings too much and makes more mistakes. At the end, everything he has learned turns to a waste.

[viananda2525]

I agree on all your thought but I think you need to add one more thing which is avoid too much greed because I think it is the most important thing that we need to remember before doing and dealing in trading industry. You also need not some but huge or lot research and study before doing trading because it is very complicated activity.

how are you sure that we don't need research to learn to trade?
even those who are experts with their analysis and research still have 100% lost their money. I think a newbie really needs to learn even though it's just basic how to trade

thats totally wrong if didn't need research and observation to find best opportunity in market. So if we dont do this , based on what our decision? If we feel research was complicated acitivity , i am sure there is something wrong with our way. We must have some checklist in analizing coins to trade, so it will look simple and easy to.

[Wapfika]

Another important thing : Self-control

Have you ever experienced panic when you just made mistake? and then, you did something without thinking and made everything worse. It is very common issue, someone learned trading technique very well but he can't control his emotions, then he follows his feelings too much and makes more mistakes. At the end, everything he has learned turns to a waste.

There are times we will experience losing self control without us noticing it. We should be disciplined enough to remind ourselves that we need to focus and don't be hook to much on the situation. I need self - control too especially when I travel that I missed some places due to gambling too much.

[Lorence.xD]

Another important thing : Self-control

Have you ever experienced panic when you just made mistake? and then, you did something without thinking and made everything worse. It is very common issue, someone learned trading technique very well but he can't control his emotions, then he follows his feelings too much and makes more mistakes. At the end, everything he has learned turns to a waste.

There are times we will experience losing self control without us noticing it. We should be disciplined enough to remind ourselves that we need to focus and don't be hook to much on the situation. I need self - control too especially when I travel that I missed some places due to gambling too much.

In trading, there is a lot of techniques you can do, and there are a lot of tips that came from the internet or other people. The tricks they do when in trading make sure you must have enough knowledge, basically reading graphs is the most common learning in trading this tells you when you need to buy or to sell your coins. Next is trust your self on trading because too much afraid does not give you any profit. Many people are doing play safely in trading than risking because they don't want to lose any money. But the risk-takers have the most profitable income.

[cryptoangel]

Trading can be very complicated especially for newbies. Lots of people are still split on whether it's down to luck or skills on the analysis (technical and fundamental). As a trader, there are bery simple steps you can take to improve your chances of gaining and also minimize your losses and they can be useful for day traders as well as long term traders (investors)

1) Read and research: This is important for both newbies and experienced traders. The internet is a repository for information and lots of knowledge can be gotten from reading through it (this also includes watching helpful videos). Also do your research, knowing what is happening on what exchange or what currency is planning a fork or a halving can help shape your decisions.

- Practice: Through regular practice, you will find the strategy that suits you, this can be done through demo trading.
One important point to note is that during g practice you have to treat it like it's the real thing. Use only the lot size, capital, leverage, etc that you will use during an actual trade.

- Start small: There is no hurry in trading and as a newbie, you should start small and grow with time. Losses are ineluctable, so a small capital will reduce your losses.
At every point, only invest what you can afford to loss

- Be patient: Every trader should have the quality of patience and also timing.
It is important to know how to control your emotions and only act on your analysis. This would also help you handle losses and profits.

- Explore every option: There are lots of tools at your disposal, signals, technical and fundamental analysis, etc, not every one of them would be helpful to you, discard those which are not and stick to your strenghts. Bitcointalk can also be a useful tool, it's an interactive forum where you can ask questions.

These five statements are really useful for all the new investors and you forgot some statement. Because all the new investors are follow these statements so we must explain the further activity on crypto trading. My suggestion is decide the clear journey in crypto trading because before to invest we must clearly secure our investment so long term investment good for beginners or else we must active in all the time.