Tips for newbies to trading

[Genemind]

If we miss one of these tips, we'll surely make wrong decisions in the future. It's always advised that we'll do our own research and apply our learnings little by little to practice actual trading without big losses. It's important that we'll learn everything about it because knowledge is the best weapon and strategy that we could apply to have a good gain in trading.

[1714012009]

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[1714012009]

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[Hamphser]

If we miss one of these tips, we'll surely make wrong decisions in the future. It's always advised that we'll do our own research and apply our learnings little by little to practice actual trading without big losses. It's important that we'll learn everything about it because knowledge is the best weapon and strategy that we could apply to have a good gain in trading.

I don't think you will miss one of those if you are practicing it almost everyday. By doing practice your body and mind will automatically follow on what did you usually do and it's almost like an instinct. So practice everyday and follow those tips while exploring different strategies will help you to become successful in the future.

[LouVandetta]

- 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

I like this one. You don't have to start trading with a big funds. You could start with a very small fund at first so you will get the grasp of how to trade.
Don't be afraid of losses. Embrace it, it's a good experience as to know why you got such losses. And the last but not least, learn how to control your emotions. You may think that as long you've done your research and all, everything's under control. But your emotions played quite a big part in the game. As to not be too greedy, fomo, know when to sell and buy, know when's your limit and etc etc.

[ragavancoin]

Absolutely right. Newbie should be very careful while  trading. Newbies firstly they should start small trading and do not be in hurry, because you will loose. Do research before you start trading through Google, YouTube videos so that you get more information. Should have patience even. Be smart while you do exchanges better start with small capital.

[jhonjhon]

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.

It is very important not to panic as to avoid unnecessary mistakes in trading because in trading one mistake can either make or break a trader that is why it is very important that you are very careful when you trade. You also have to analyze all the possibilities to make sure you’ll come up with the best strategy there is.

[Negotiation]

This is normal for newcomers to make mistakes because their demand is high But on the other hand, they do not act accordingly without knowing why they trade most of the time, If the newcomers can accept certain things, they will be able to do much better.

[nicolas1979]

Mostly I agree with you but I'll complete your post with little advice. Never use your salary or loan money as basic fund, not good. Second thing never use bots/ signal ( free/ premium ) as guide to open position ( OP ), trust yourself. Last one, after OP just leave the market because any price moving can give negative psychology into trader. Just like that and good luck to you.

[piebeyb]

one more thing, stay away from any crypto news site because it won't affect what you learn about charts, so be focused and always be patient, at least understand how to master yourself in trading, hopefully it will be useful for novice traders

[educart]

In addition to the method of investing and which methods for beginners to choose, it would be much more important to study the realities of accepting cryptocurrencies in your country. It would seem that cryptocurrencies remove all sorts of restrictions on the location of the investor, but this is not so, because many exchanges or crypto services simply do not serve a number of countries. It is also much more important to choose a reliable wallet than an exchange. Because you should never leave money on the exchange. The idea of ​​investing a certain amount in coins every month or week is a great strategy, but there are really many factors to consider so as not to lose everything

Perhaps you are right, although I’m sure that sales is not the only effective investment strategy. To be sure of their actions it is convenient to study how experienced investors act and share their experience on the taklimakan platform. Someone calls this social trading, but a simple explanation, if a person is better than me in trading, why not use his guidance. Because crypto deposits are convenient if you take a break from trading, but you can still get a lot more from active investment, or at least from a master node.

Haha, here many just want the money to be generated from the air right to the wallet. Mining to help in this case. I do not know other ways that will reliably give passive income. Otherwise, you either create content, or write reviews, watch ads, play games, etc. The crypto industry is truly magnificent in its many ways to make money. It’s just that different options work for each user

I agree Proof of Stake will be a more convenient position than just providing digital currencies as a loan for other users that will pay you a percentage. Although this is an amateur matter. I know what is convenient for me, and this is blogging. But not so when you yourself independently publish posts for an article or medium platform. But the real job is as a media blogger. Just if people were looking for information, they saw that with technical knowledge of the blockchain, you can earn from $ 15 per hour, than just spend time on a typing system and donations

[Baby Dragon]

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.

It is very important not to panic as to avoid unnecessary mistakes in trading because in trading one mistake can either make or break a trader that is why it is very important that you are very careful when you trade. You also have to analyze all the possibilities to make sure you’ll come up with the best strategy there is.

beautiful sentiment, traders these days tend to make bad decision when they panic and the sad part is that they can't even control themselves. You should always make some time to prepare yourself for unexpected things particularly when it comes to trading since it's indeed speculative, if you don't want to end up feeling remorse abut your actions and decisions then don't panic because it will can never lead into positive outcomes. You should always remember that you should just make decision when you are in a proper mindset because you have to consider a lot of things or else your funds will be wasted for nothing. If you wanted to be successful in trading then apply your knowledge because it's the only guide who can help you to achieve your objectives.

[Shasha80]

I totally agree with all the points mentioned in the opening post, following all these points will avoid newbies from loss. Because a lot of
newbies who trade only follow the signals of others, without following the basic rules. No wonder newbies when trading will experience
a loss. Even until they run out of capital. Hopefully by running that point can get the profit already targeted. Indeed, to succeed in the
world of trading must go through a long process. Newbies can not succeed in trading instantly. My advice for newbies do not be easily
discouraged, and never stop to learn all the techniques not yet mastered.

[DimitrisLodirogas]

I'm no expert trader here but know that everyone should educate about crypto before placing the first trades. There are many sites which offer education and i'm also here to ask for recommendations. Where did you start your first trading lessons? Thank you

[Reid]

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.

A smart person would do this.
He could also end it here. If you did your homework then everything is possible.
Trading is a high risk work and if you don't listen to what others have already experience then you will lose a lot more.
Sit with someone who is really doing it and not those who just analyze the market.
It is different when you are doing it live. The panic is there and so does the greed.

It will be better if those are offered for free. How? Read in this forum and maximize its benefits.

[Dart18]

I didn't went thru practice but thanks to trading commodities I got the idea of what is happening in crypto.
Although there is a huge difference the fluctuating candlestick is still the same. Graphs and charts are almost alike too.

I did actual on my first trade. Spent just a little to just experience it. I did lose it though but it was a good experience and I already learned a lot for just a little amount of time.

[TheUltraElite]

YouTube videos so that you get more information.

I disagree with that part. Youtubers tend to promote their own shitcoins and shill them while attempting to sabotage the names of other coins. While this may not affect a veteran trader, newbies are easy to fall prey of it. They would believe every bullshit being told and make the mistake of buying some shitcoin when the channel owner is actually dumping their bag full of it.

Thats how these channels run. If you are immune to them then its well and good but would not advice it for a newbie. On the other hand stock market trading for a newbie in crypto trading would be good to learn about trading and then apply that to crypto markets.

[cutesgirl]

YouTube videos so that you get more information.

I disagree with that part. Youtubers tend to promote their own shitcoins and shill them while attempting to sabotage the names of other coins. While this may not affect a veteran trader, newbies are easy to fall prey of it. They would believe every bullshit being told and make the mistake of buying some shitcoin when the channel owner is actually dumping their bag full of it.

Thats how these channels run. If you are immune to them then its well and good but would not advice it for a newbie. On the other hand stock market trading for a newbie in crypto trading would be good to learn about trading and then apply that to crypto markets.

Youtuber not have good ideas and method how to start trading for newbie, they only take chance to get many viewers with their youtube channela nd try to get income with ads promoting, maybe telegram channel become most interested way to learn and know tips for trading as newbie and beginner, when you active for joining with crypto will find with many telegram channel giving information about how to trade in bitcoin or altcoin.

[plvbob0070]

YouTube videos so that you get more information.

I disagree with that part. Youtubers tend to promote their own shitcoins and shill them while attempting to sabotage the names of other coins. While this may not affect a veteran trader, newbies are easy to fall prey of it. They would believe every bullshit being told and make the mistake of buying some shitcoin when the channel owner is actually dumping their bag full of it.

Thats how these channels run. If you are immune to them then its well and good but would not advice it for a newbie. On the other hand stock market trading for a newbie in crypto trading would be good to learn about trading and then apply that to crypto markets.

Youtuber not have good ideas and method how to start trading for newbie, they only take chance to get many viewers with their youtube channela nd try to get income with ads promoting, maybe telegram channel become most interested way to learn and know tips for trading as newbie and beginner, when you active for joining with crypto will find with many telegram channel giving information about how to trade in bitcoin or altcoin.

It's true that some of them are just being greedy and doing it for money but we can't also judge their abilities because there are some videos in YT that helps the some of us especially on handling our trade, we can't just focus on watching in YT it's better if we have our research and if you already feel that they are just about to advertise something then try to look for more because there will be different option. I agree with you on the telegram, I've learned a lot of things in there and I'm glad that my friend told me where I can find legit news and information. If you wanted to earn a huge profit in trading then be patient and apply your knowledge because it's one of the characteristics that you need to apply on yourself to be successful because there are opportunities sometimes lies at the end of the path that you are walking through. 

[ReiMomo]

Thank you for those tips but this question clogging up in my mind, they know those tips but they dont execute very well. I read a lot of tips here but it seems it was already on reading and not doing on it. Those newbies who want to try they should practice in any small amount so that they will learn of their mistakes. Basically, for me, trading is just a trial and error but it won't never perfect. Indeed, these tips are useful to us.

[el kaka22]

My simple tip to newbies regarding trading is, do not enter into trading as a newbie. Gain experience and knowledge then trade with your actual capital. (I still appreciate OP's suggestions for any newcomer of trading field)

I agree everyone must be a newbie in a new environment but trading provides lots of opportunity to gain knowledge on it for free of cost. We can practice in demo accounts to learn all the fundamental and technical things to start with. It means there should be no compulsion to start trading as newbie; we can gain all the required minimum things before entering. This way a newbie may not remain as naive trader to being with trading.

[CarnagexD]

- 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.

I guess this is the very important among the tips. Starting in small scale will really teach you how to do trading, although trading with huge amount is not similar with small ones. And having small amount to trading does not limit yourself, you'll start to learn taking the risk. Then eventually, try to add more capital after a while then continue the process until you fully have learned the techniques suitable for you.