Trading for Beginners?

[cryptoangel]

Trading is a potential platform for all the investors, so those are entering the new in trading they make some loss and profit for beginning stage. But automatically investors are gain some knowledge in social media and experience. I think telegram groups, YouTube channel and Google will help the new investors. My suggestion is start some small scale investment and active in all the time is a perfect manner.

[Visbay]

Don't sell too early,patience is the virtue of trading.

For a beginner who doesn't in need of making income from trading to survive their life should always reinvest their profits back into cryptos to make more money than day traders.ANd also keep the satoshi value in mind over USD value.

Really good suggestions because when people start trading newly so they don't know about when to wait and when to trade so that's why all traders should wait and never be greedy to get quick profit as it may because of panic in the market. Knowledge matters allot in trading so learn it well and before investing do check the market situations from Google and the internet , control your greed for better and safe trading.

[arimamib]

Don't sell too early,patience is the virtue of trading.

For a beginner who doesn't in need of making income from trading to survive their life should always reinvest their profits back into cryptos to make more money than day traders.ANd also keep the satoshi value in mind over USD value.

Really good suggestions because when people start trading newly so they don't know about when to wait and when to trade so that's why all traders should wait and never be greedy to get quick profit as it may because of panic in the market. Knowledge matters allot in trading so learn it well and before investing do check the market situations from Google and the internet , control your greed for better and safe trading.

greed is usually the main factor of failure, people who have the ability but do not know the limits in seeking profit are the cause, therefore financial management must be applied when trading, to find the right profit and also calculate the losses incurred during trading.

[Yamifoud]

greed is usually the main factor of failure, people who have the ability but do not know the limits in seeking profit are the cause, therefore financial management must be applied when trading, to find the right profit and also calculate the losses incurred during trading.

Maybe not and for some instances. Besides, many successful traders and investors become rich because they are greedy enought to take opportunity that knocking them at their door. Even me, why I should have to lose this in fact, the benefits from will seems to be useful in my life and in the future.
But if you are greedy in such a way that you would like to ruin others life then, that was not good and it probably be the reason of your failure.

I would just like to emphasize that, if we start trading we need to focus of what we doing, giving some effort to learn. We don't need to afraid of mistake and losses because from that we eventually learn more which is beneficial in the future.

[Joyawan13]

Trading is a potential platform for all the investors, so those are entering the new in trading they make some loss and profit for beginning stage. But automatically investors are gain some knowledge in social media and experience. I think telegram groups, YouTube channel and Google will help the new investors. My suggestion is start some small scale investment and active in all the time is a perfect manner.

indeed, for traders and new investors in crypto it is better to invest and trade with a small amount of capital first before knowing and understanding about crypto market price movements, because to do the learning stages and find out price movements in the market, of course to avoid many losses when there is a sudden decline, because investors and new traders usually for example there is a sudden decline in their panic, they sell their assets for fear of the greater loss they experience.

[el kaka22]

The biggest don't of bitcoin trading (or basically any financial decision in the history probably) is to never buy something you never heard of before, it is really not a good idea to go ahead and spend that much money on something you haven't researched profoundly, if you don't know what the coin is about or what the history of it or what the future plans of it, the teams behind it and how the community chats about it etc etc all the thinks you possibly can find out about it, do not even come close to buying it.

First take care of your DYOR parts of the deal and then you will have a chance to decide if you still want to buy it or not. If you fall in love with a coin and the telegram chat of that coin talks greatly about it and you see no problem with it however when you google it or just check reddit and bitcointalk about it and see people who are not part of the community tells you it is a scam, beware because mostly it really is.

[DoublerHunter]

First things first, do not stop when you lose. I know it may sound greedy at first but let me elaborate it.
Trading is not a friendly one to a friendly person. It takes a lot of effort, time, money and emotions to build an established trading portfolio. But when you lose, don't consider it as a failure but rather address your opportunities and solve it and do not stop. That is the best thing for you to do as a beginner. Nevertheless, Put some passion for your trading and avoid being aggressive with no good basis.

[panganib999]

Besides using the idea of BUY and SELL which is very common yet one of the simplest fundamentals in this field there is an experience you have to obtain. Experience if the most important thing you need to obtain in order to be an efficient trader. Since you have enough amount of money just like what you have said try to use few of it to practise and gain experience. If you encounter any loss upon your trade don't be down but rather absorb it all, this can be used as a guide or as a learning to improve your trade. One thing, all the info you can find in this forum or everywhere can be used as a guide and tips but don't rely on it too much, have your own strategies and work on your analysis.

Since the common thing in doing a trade is buying and selling of goods and services knowing the basics is a must. Trading while you are a newbie is a hard thing to do because of lot of things you should know before trading. All of us knew that trading requires specific amount in order to get started. No first timer done it perfect so if ever you failed or loss your money take it as challenged and a lesson. Experience is the best teacher because it helps you minimize your mistakes and maximize your ideas. Also you can seek learning and strategies to those who excel in trading until you come up with your own strategy. Analyse your strength and weaknesses so that you can focus on what your great to. Have patience because no one earn in just a blink of an eye. Dream big with actions.

[btcto200k]

The internet is your best buddy. If you want to learn to trade, you gotta learn by doing. Its not going to come automatically. The only way out is to trade and learn from your mistakes.

Having said that, start with a small account. DO NOT TRADE ON TESTNETS.

While they might be useful to start with and familiarise yourself with the order placement procedure and what not, they do not help you in the real world to make money.
You might make a lot of money on the testnet, but it will be difficult to implement the same strategy on real accounts.

Grasp all information that you can on trading and get better at it day by day. To shortern the learning curve, you might want to check the 'The Trader's Perspective' series on https://bbod.io/blog.

Pretty cool platform imo.

But always, DYOR. Happy trading!

[Triffin]

Besides using the idea of BUY and SELL which is very common yet one of the simplest fundamentals in this field there is an experience you have to obtain. Experience if the most important thing you need to obtain in order to be an efficient trader. Since you have enough amount of money just like what you have said try to use few of it to practise and gain experience. If you encounter any loss upon your trade don't be down but rather absorb it all, this can be used as a guide or as a learning to improve your trade. One thing, all the info you can find in this forum or everywhere can be used as a guide and tips but don't rely on it too much, have your own strategies and work on your analysis.

Since the common thing in doing a trade is buying and selling of goods and services knowing the basics is a must. Trading while you are a newbie is a hard thing to do because of lot of things you should know before trading. All of us knew that trading requires specific amount in order to get started. No first timer done it perfect so if ever you failed or loss your money take it as challenged and a lesson. Experience is the best teacher because it helps you minimize your mistakes and maximize your ideas. Also you can seek learning and strategies to those who excel in trading until you come up with your own strategy. Analyse your strength and weaknesses so that you can focus on what your great to. Have patience because no one earn in just a blink of an eye. Dream big with actions.

That's right traders should make research and collect knowledge about trading  before starting as the only way to obtain profit from trading is being aware about market that when to buy and when to sell. If you will sell and buy at right time then you can make profit from trading. I know at first people makes mistake but take it as experience and not to repeat those mistakes. New traders should trade for long term.

[@TomoCTFYbot]

HI,

Over the years I've acquired around a few hundred dollars worth of bitcoin. I'm now looking to sell off part of my coins and start trading on the side of what I do personally for work. I was in the bitcoin scene awhile ago but i'm looking to get back into it. My question to everyone here is: What are the DOs and DONTs of bitcoin trading? Also any other advice for a beginner would be helpful. I'm new to this site, so i'm sorry if there is already a thread posted about this. Also, what are the best sites to use for trading through experience? Complexity doesn't matter to me. Thanks in advance for any help I receive.

Regards,

Kyle aka Aggressive

Hi,
I invest BTC on perfect trading platform CTFYbot,every friday I earn 4.9% on my invest money.It is 100% secure and profit is guaranteed every friday.Minimum for invest is USD100 and maximum is USD50000.
If you want that I send you video material and all other information contact me on Telegram.My username is @TomoCTFYbot

[South Park]

If complexity does not matter you than you should start learning and getting lectures about trading as soon as possible because you are going to need to huge research in order to start gaining benefits from the bitcoin trading or any altcoin trading. Also can you lets us know what your be your initial investment because if you are tending to invest in smaller amount than you should try converting bitcoins to smaller value coins which can give you good profits for trading with smaller amount also.

Price for bitcoins is much higher so it would need huge investment in order to make profits from the small or mid-interval trading. No doubt, it would be a good source of investment if you are going to invest for long term.

As long as the size of your capital is adequate investing in altcoins just because they are cheaper does not make sense, you need to invest in a coin that you think it has the potential to move during the next weeks and months, and as you can see bitcoin has been by far the best investment to make during the last year, and even if you can find some isolated cases about an unknown altcoin making greater progress than bitcoin the rising bitcoin dominance should tell you everything that you need to know about the strength of bitcoin at the moment.

[bitgolden]

~~snip

None of the trader here is successful without taking any risks. We all had to face a number of risks which also demotivated most of us but yet we did never stop and keep on trading. Trading is really a trickiest thing I even went through. Even sometimes I feel gambling a way lot easier than trading.

I personally faced some huge loss at the initial stage when I just started trading with bitcoins and few other coins like XRP, EOS and ETH. These coins gave me stable profits for few starting days but the prices for each of these coins was dropped by 15% when I was holding almost 90% of those coins. It eventually stopped my source of income which made me panic sell those coins at that time to again start fresh with some new coins. This was a bit demotivating for me but I took it as an essential challenge to be completed before becoming a successful trader.

[wozzek23]

^^ That is the correct approach towards trading when you are beginner, a lot of people lose when they first start and they suddenly became cold against trading because they lost money on it and never come back or come back on a worse time.

If you lose money, know that someone else made that money instead of you, this is a game where one side wins while others lose so that means whenever you lose money someone else made that money instead, even if its just bitcoin going down and you selling or buying at the wrong time means someone else "lost less" than you. The thing as a newbie what you should do is study your losses and study your wins and try to find where you did wrong and then going after it better next time instead of never even touching it ever again, that way you can get better.

[koinju]

Hi Guys,

A real issue I found when you want to start trading on the crypto markets is all the fake volumes you can find on several exchanges and especially on CMC. It's misleading when you want to have a concrete strategy. Last week I discovered a French project that create a platform to show a fair and realistic value of each crypto markets : http://koinju.io/

What do you think about it?
Best,
NR

[Sebas.tian]

The most important thing to note as a beginner is: choose the candle stick that more convince to you and so more research into the platform. Never buy low and sell high if you cannot research into the said coins to buy at that particular time. Always watch the market movement before you made a move. Ensure to read TAs well not to get or run at lost as a beginner. You could also follow some good traders on the social medias to get information about any pump and dump coins.

[Janation]

The most important thing to note as a beginner is: choose the candle stick that more convince to you and so more research into the platform. Never buy low and sell high if you cannot research into the said coins to buy at that particular time. Always watch the market movement before you made a move. Ensure to read TAs well not to get or run at lost as a beginner. You could also follow some good traders on the social medias to get information about any pump and dump coins.

As a beginner they will be confused if they did just this.

They doesn't even know what you are talking about. For me, the best thing a beginner can do before investing and even before trading is read. Gain knowledge since you can't just go into something without having any idea what you are doing and what you will be doing. That is important.

[peter0425]

better not rush mate we are just in the beginning of halving year so make it at least a year waiting before deciding what to do because we might regret if we see the price go round 6 digits right?so make your mind diverted first now and think again in the future.

[maydna]

Every people who start trading will not know about trading in the beginning, and that depends on how they can learn trading from many sources. If they can learn and practice, they will understand how to trade with the right so that they can have a chance to make a profit. Actually, if he can buy at a low price and sell at a high price, he can always make a profit. But trading is not buying and sell only, and that is why he needs to learn about how to analyze the market so he can get the right time to trade.

It is not easy to learn to trade, but if he can use his time to search more and more about trading, he will be able to trade like other people, and even he will have the opportunity to make a profit. Don't give up if you cannot make a profit because if you still trade while you learn more, you will see that you can make a profit in the future.

[Spider A4]

Don't sell too early,patience is the virtue of trading.

For a beginner who doesn't in need of making income from trading to survive their life should always reinvest their profits back into cryptos to make more money than day traders.ANd also keep the satoshi value in mind over USD value.

Many beginner mind set is trading means a biggest profitable platform, this is a vice versa they didn't think, where from who will make money in every month, it's true so much traders take it full time job. But beginner never should start trading for profit in the first stage, first time lost is not means you are a failure, you have to take it as a experience. Patience will virtue not it's happen always.