Trading Tips for Traders here

[Danumsigwasan]

Before you begin read, I am not an expert nor am I here to turn anyone into professional. So the basic aim is to just add some sense that I was lacking when I started my trading career.

So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.

[hugeblack]

These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.

[rijaljun]

A very general tips actually, not really worth it to read unless you are a very much beginner. I would also change "don't spend too much" to "trade in what you can afford to lose" because the word "too much" could confuse and lead the readers to more questions in their mind.

[Wexnident]

General tips aren't really that helpful. At all. As someone who plans to enter the market, people should already have a basic idea of what and not what to do. What they need to learn are pretty much the specifics of each move and this isn't even for day trading only, this could generally be said as a general "what to do when entering the market" kind of guide. If you were to create a guide for day trading, At least tell a bit of basics about it, you just said a general explanation of literally what a trade is.

[ReiMomo]

~snip~
So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.

I did not see if that is crypto trading did you try to share on us. That is a general trading but crypto trading and national currency trading has a big difference. I will not suggest to the newbie to enter the day trading, because that is very risky to them and might lose everything if they dont know it very well. I will appreciate if you have a tips for the basic trading like buying and selling point and know how to have perfect timing in trading.

[panganib999]

Way too general. It isn't even for day trading anymore, more like for trading itself already. As for day trading, I doubt this should be accessed by traders in their newbie phase. Should be more on the intermediate level trading instead, but since the tips are general, I'd guess it's fine. Title is misleading like really though. Still, too much confusion regarding topic discussion, fix please.

[plvbob0070]

General tips aren't really that helpful. At all. As someone who plans to enter the market, people should already have a basic idea of what and not what to do. What they need to learn are pretty much the specifics of each move and this isn't even for day trading only, this could generally be said as a general "what to do when entering the market" kind of guide. If you were to create a guide for day trading, At least tell a bit of basics about it, you just said a general explanation of literally what a trade is.

Well said, they should already know the basics because it can help them inspect and evaluate things to stop being an impulsive person. Trading is not easy and you really need to have enough knowledge to handle every problems in the market that you can face. Of course as a trader you will make some effort on researching because you can't just rely on some tips and advice of other people, it is your responsibility. Personally, I learn own my own but people's advice also helped me but somehow it makes me think that we should also make some time in studying because it's the best for us too considering the fact that it is too risky.

[nydiacaskey01]

As soon as I saw your post I got disappointed right away when I see a link that I need to click to read your tips. Anyway, I still click the link and there's nothing new. You only mentioned only four and those are just the basics for those who want to start trading. I was hoping that you will introduce something new to us. Moving forward, post it here instead of asking readers to slick another link. Not everyone appreciates jumping from one tab to another.

[xZork]

The things in that article really do not bring too much experience to everyday traders.
I can add a few things that I am trying to do to become a trader:
Always try to learn new things and learn from your trading history.
Be confident with your decisions
Control your emotions
Stop in time
Do not trade if you are not in the best state.

[Kemarit]

To the OP, saw your post about trading tips and others, however, you have to tell members that all the links that you share are most applicable to forex market. So I don't understand why you promoting this supposedly tips as this mislead others specially newbies because those two are different markets to begin with. So obviously, your advise or at least what the article says might not be good for crypto traders, just saying.

[MURONDI]

it looks like you're talking about forex trading, what you need to know is that forex trading is not the same as crypto trading, I have long traded on forex, there are many things that cannot be applied in the crypto trade, maybe now crypto exchanges have started to adopt forex trading, but both still have many differences.

[rijaljun]

To the OP, saw your post about trading tips and others, however, you have to tell members that all the links that you share are most applicable to forex market. So I don't understand why you promoting this supposedly tips as this mislead others specially newbies because those two are different markets to begin with. So obviously, your advise or at least what the article says might not be good for crypto traders, just saying.

By the way, the link contains very much general tips that is applicaple in all kind of market. I do believe the reason is to make attract wider people, not only forex but also stock and crypto audiences to push the traffic up.

[Mahanton]

These tips are general and not related to cryptos, so it is dangerous to take them, especially in this highly volatile market.
Daily trading is dangerous for beginners, as there is a lot of manipulation, fake bumping, Scamming, wash trading,...etc
I hope that you modify it or allocate a part related to cryptos. Focus on dealing with these risks because many beginners like the rapid increases "more than 100% per day" which are often fake.

This do really talk out about Forex trading yet it do mention about Metatrader.Those are indeed general ideals or rules on trading but same as you
said where volatility here on crpyto is totally different on what do forex makes so those arent really that precisely applicable.Daytrading is really
a hard one and cant be achieved by someone easily.It do only takes a little time to read up even the basics of crypto so that everyone would
at least  have the idea on what are the differences.

[nicolas1979]

I don't see any benefit from the articles, people already know and I believe how to read market is more important for beginner. You can go/ test your strategy after has analyze in which firection market will go and that's not easy, we should give them guide. Next time you should write post with important value for beginner, such as manage risk, money management and fix mindset.

[Coin_trader]

For starters. Try to study technical analysis. Download TradingView app in playstore or go directly to their website. They have a good tool for TA especially for newbie. There is also some ideas available there from pro traders that you can use as guide on your trading. MACD and RSI is the most basic and effective tool for newbie in trading.

[piebeyb]

So for traders, all I say is follow these tips https://www.latinpost.com/articles/142690/20191123/tips-for-the-perfect-day-trading-strategy.htm, as I said these are some things that I was missing heavily in early phase of my career, so I hope youngsters can learn from it.

everyone will have the same experience as you, where in the beginning is always disadvantaged, just like me so that now can adjust the market also analyze it, now about your tips it seems difficult for novice traders to benefit from daily trading if the trader only has small capital, every profit is only a few percent of each price increase, we know that for each Altcoin it only rises no more than 10%, I do not guarantee there is a definite profit in a market that is still quite stable today,

[Janation]

I don't see any benefit from the articles, people already know and I believe how to read market is more important for beginner. You can go/ test your strategy after has analyze in which firection market will go and that's not easy, we should give them guide. Next time you should write post with important value for beginner, such as manage risk, money management and fix mindset.

I think your statement is a bit confusing.

You said that people already know how to read the market but then again you said that the direction of market is not easy and they needed a guide. Analyzing the market is so hard, especially these days that there are a lot of investors that can affect the price. As a beginner, better prepare yourselves since the market that you will be dealing with is not something that easy or simple.

[pawanjain]

Let me give you some tips to post trading tips

1. Always make a direct post rather than posting a link to the article. You can attach the link as a reference though.
2. Many people post basic tips. If you want to contribute something then post something valuable.
3. Always mention the target audience. Eg: Crypto traders, Stock traders or Forex traders

[Darooghe]

For day trading, I just use price action. It's pretty much reading the charts and looking at where prices are trending. If there is a valid trend channel I then prefer to enter on a second entry, ie two failures before continuing in the direction I think it will go. Pretty high probability setups if you can find these trends and read when they are over and are turning the other direction. the only indicator I use is a 21 bar EMA to find out when prices may flip the other direction. takes time to learn but no clutter or extra paraphernalia involved.

[error08]

For starters. Try to study technical analysis. Download TradingView app in playstore or go directly to their website. They have a good tool for TA especially for newbie. There is also some ideas available there from pro traders that you can use as guide on your trading. MACD and RSI is the most basic and effective tool for newbie in trading.

Agreed, learn from experienced traders who share their TAs and prediction regarding bitcoin and other coins will be very helpful for beginners.
Learn the basics of TA and mathematics, statistic, then applied it to the trading strategy, note everything even mistakes to create a better strategy.