djsugar
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January 03, 2020, 06:21:52 PM |
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Try to think like a whale! Because of the manipulation, reading technicals can become really tough. Whales can suddenly change the trend of the market and then people out of the fomo start following it. So keep a watch on that. The other most important thing is to keep a tab on volatility and volume. This can be said about any trading instrument but it becomes really crucial for crypto trading.
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Distinctin
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January 03, 2020, 11:01:50 PM |
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Be vigilant about the advice the other one offers you, just trust yourself and it's going to be all right. If you follow the advice of the other self-proclaimed gurus, there are times you will lose money. False information is available throughout the internet, so be cautious about the tips of the others. If you're still following the others ' advice, make sure it can help you and it won't get you down.
That was right, cause many people tried to help but later on they will ask for payment. There is no wrong with that but the problem may exist when they'll keep asking for something that could lead to fraud. @OP, don't let this thing happens to you. That is why we have to stand our own feet. Trading can be easy to learn, the only thing that makes everyone struggles difficult is how to make their own strategies and as well as having good TA's.
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Karmakid
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January 04, 2020, 12:18:58 AM |
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Be vigilant about the advice the other one offers you, just trust yourself and it's going to be all right. If you follow the advice of the other self-proclaimed gurus, there are times you will lose money. False information is available throughout the internet, so be cautious about the tips of the others. If you're still following the others ' advice, make sure it can help you and it won't get you down.
That was right, cause many people tried to help but later on they will ask for payment. There is no wrong with that but the problem may exist when they'll keep asking for something that could lead to fraud. @OP, don't let this thing happens to you. That is why we have to stand our own feet. Trading can be easy to learn, the only thing that makes everyone struggles difficult is how to make their own strategies and as well as having good TA's. Yes, learning how to trade is not that hard because there are tons of information around the internet that the aspiring traders can use. To be safe and do not lose a lot of money through your beginning days, you should try paper trading or try to open a demo account in some exchanges so you can test your own formulated trading formula.
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DimitrisLodirogas
Jr. Member
Offline
Activity: 147
Merit: 1
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January 06, 2020, 08:17:23 AM |
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Forget about tips and stuff. What everybody should do in the beginning of trading career is educate yourself and get grasp of basics first. There's just to many fomo cases throwing money in like insane and then putting together trading tips...
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jostorres
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January 07, 2020, 03:59:02 PM |
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If you really study well enough before you trade and if you do paper trading before you actually start trading you will be starting 1-0 over everyone else.
Do not forget that you are fighting against other humans (or trading bots) and not a machine that is designed to keep you losing, if someone else loses money that means you can be getting that money and for that you need to know what the price will be before they know it. That only happens with 2 things, one is knowing what you are doing and do not going with the flow of the market, that is why many big traders go in when others go out and get out when others go in, secondly and most importantly you need to practice, your first trades may not be good but if you insist and keep trying to be better in the end after years of trading you will become much better.
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gabbie2010
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January 08, 2020, 04:19:21 PM |
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They are good tips indeed particularly learning the rope before embarking on a trading journey I always emphasizes doing through research on the internet where there are countless numbers of strategies to choose from while choosing the right instrument to be traded, crypto currency trading seems to be more easier than option, metal and forex trading according to some trading experts.
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iv4n
Legendary
Offline
Activity: 3318
Merit: 1191
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January 08, 2020, 06:59:37 PM |
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They are good tips indeed particularly learning the rope before embarking on a trading journey I always emphasizes doing through research on the internet where there are countless numbers of strategies to choose from while choosing the right instrument to be traded, crypto currency trading seems to be more easier than option, metal and forex trading according to some trading experts.
"Learn the Ropes", it's what you found as most interesting thing in this article, me too. But I think it's not well explained, learn the ropes means a lot of thing, it means to learn the field, where are the borders, the rules, what you can do, what you can do, and to learn about hidden tricks you can use. When you go trough the comments here and on other places too you will see that many people don't know basic things about trading, but they wish to make profit and be successful, how is that possible?
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Capt00
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January 08, 2020, 10:12:31 PM |
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Forget about tips and stuff. What everybody should do in the beginning of trading career is educate yourself and get grasp of basics first. There's just to many fomo cases throwing money in like insane and then putting together trading tips...
That should exactly we do now. Trading tips won't certainly give you help but it only bothers you in the future when asking you for money in returns for the tips that they'll give to you. Trading tips are just like a trick that scammers do, it often to become victims are those who want easy money, greedy people and those who don't have enough knowledge in trading.
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jazmuzika217
Member
Offline
Activity: 476
Merit: 12
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January 11, 2020, 10:52:11 AM |
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Thank you for the tips but I think your though is very generic and basic . If you really want to help you need to be specific on what topic that you want to emphasize. New traders or even old traders need to have a good and clear tips that they can apply to their daily activity. Don't give them any confussion because it may cause of their wrong move that can cause their loss.
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KnightElite
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January 11, 2020, 11:03:54 AM |
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They are good tips indeed particularly learning the rope before embarking on a trading journey I always emphasizes doing through research on the internet where there are countless numbers of strategies to choose from while choosing the right instrument to be traded, crypto currency trading seems to be more easier than option, metal and forex trading according to some trading experts.
"Learn the Ropes", it's what you found as most interesting thing in this article, me too. But I think it's not well explained, learn the ropes means a lot of thing, it means to learn the field, where are the borders, the rules, what you can do, what you can do, and to learn about hidden tricks you can use. When you go trough the comments here and on other places too you will see that many people don't know basic things about trading, but they wish to make profit and be successful, how is that possible? Most of the goals of the traders are to beat the market but for me it is not should be our goal, the ideal goal that we have is to have consistent earning in the cryptocurrency market and also to have a high winning rate. Through experience we can become a trader who used to take high risks strategies. It is possible to become successful if we have courage to take risks and also if we will work hard in terms of learning about new information.
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fabiola!
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January 11, 2020, 11:23:50 AM |
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Let me give you some tips to post trading tips
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
knowing tips and implementing those in trading is way different , when trading in live markets no one will think about tips and rules implementing rules requires discipline
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wxa7115
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January 17, 2020, 04:54:01 PM |
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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.
And that is one of the problematics with day trading, day trading is not only very hard to begin with many people want to day trade cryptocurrencies which as we know are many times more volatile than almost anything that you can find in any other market. And that is a real problem even a coin as big as bitcoin can lose a significant percentage of its value in just a matter of minutes and if at that time you are using margin trading to try to improve your profits and you do not have a stoploss then your account is going to be wiped out.
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Faxmate
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January 18, 2020, 04:32:04 PM |
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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.
And that is one of the problematics with day trading, day trading is not only very hard to begin with many people want to day trade cryptocurrencies which as we know are many times more volatile than almost anything that you can find in any other market. And that is a real problem even a coin as big as bitcoin can lose a significant percentage of its value in just a matter of minutes and if at that time you are using margin trading to try to improve your profits and you do not have a stoploss then your account is going to be wiped out. Yes that ‘true day trading is not easy as so many people who are trading for day and it’s way of making money for them. For new traders I think long term suits more than day trading. Not to be impatient for getting your profit from day trading. You should know when its good to trade and when to stop lose. Mostly people wants fast profit but it’d the most dangerous thing in trading as patience is really important.
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Ratash
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January 18, 2020, 09:26:11 PM |
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For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.
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Yamifoud
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January 18, 2020, 10:35:33 PM |
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For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.
Then you just hold or trade it? There is something different from holding and trading. But I could suggest that you just hold it rather than planning to engage in trading since you don't know everything about this. The most common failure of traders is because they don't know what they are actually doing. Thinking trading is a simple job, definitely are wrong coz it gonna be tough especially during the bear season. That is why, if you don't know anything, better not to try until you are preferred everything.
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Maslate
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January 18, 2020, 11:44:59 PM |
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For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.
Then you just hold or trade it? There is something different from holding and trading. But I could suggest that you just hold it rather than planning to engage in trading since you don't know everything about this. The most common failure of traders is because they don't know what they are actually doing. Thinking trading is a simple job, definitely are wrong coz it gonna be tough especially during the bear season. That is why, if you don't know anything, better not to try until you are preferred everything. This is the reason why aspiring traders need to make an extensive research first and study good trading demosntrations so that when time comes that they think they are ready enough to trade, they can start trading with minimal losses.
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Asmonist
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January 19, 2020, 01:00:15 AM |
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These tips serve as our guidelines in our trading decision making. We can use it as our guide but definitely the last decision lies on ourselves. These guides are just general rules and the experience we encounter are the most comfortable tips to help you all the way.
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TitanGEL
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January 19, 2020, 02:01:34 AM |
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We must familiar first in the movement of the market and also understand the basics. We should know about the signs of reversal and of course the support and resistance. Those both have important factor where it serves as foundation of technical analysis, if we will not master those both we will have a hard time in using technical analysis. The basics are the one we should master first before we improve our trading skills.
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potatopower
Sr. Member
Offline
Activity: 296
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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January 19, 2020, 10:05:32 PM |
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Be vigilant about the advice the other one offers you, just trust yourself and it's going to be all right. If you follow the advice of the other self-proclaimed gurus, there are times you will lose money. False information is available throughout the internet, so be cautious about the tips of the others. If you're still following the others ' advice, make sure it can help you and it won't get you down.
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Yamifoud
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January 20, 2020, 11:06:24 PM |
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For me i am not much of a trader but if bitcoin is on a big downfull and far from its previous price i would buy it because i know that the price will go up again.
Then you just hold or trade it? There is something different from holding and trading. But I could suggest that you just hold it rather than planning to engage in trading since you don't know everything about this. The most common failure of traders is because they don't know what they are actually doing. Thinking trading is a simple job, definitely are wrong coz it gonna be tough especially during the bear season. That is why, if you don't know anything, better not to try until you are preferred everything. This is the reason why aspiring traders need to make an extensive research first and study good trading demosntrations so that when time comes that they think they are ready enough to trade, they can start trading with minimal losses. That is supposed to think of but somewhat like that some traders (especially new) are lazy enough to spend time doing research. They would like in action, they want to lose their money instantly...that was sad but true and it always happens to them until they could realize their mistakes. If they want to learn in trading then, therefore, they have time also to listen to us and don't ignore what experts say. I'm not an expert, thought but base on my experience, you won't go far if we don't know anything about a certain thing we would like to do.
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