Tips for good trading

[pixie85]

thank you friend, these tips are really useful for newcomers. But for those who know nothing about trading, There is no need for them to come to trading market. Every side has its pros and cons just like this trading and there are some good and bad aspects. We need to know about them like if you successfull in trading then you are good at this side. If you don't know about and trading, Then i think it's bad for you. But not bad for everyone ,not bad for those who know trading. just bad for those who don't know.

If all people were thinking like you and tried only the things they know well in theory we wouldn't have any accidents, money losses, the world would be a calm and boring place.  

You learn the fastest by doing. People should trade even if they know nothing about it just remember to start with very small money. You can project your income trading with 1/100 of your money.

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[ampere]

You have mentioned every facts very rightly, and i want to talk more on is learning more from your mistake.
When it comes to trading, most of individuals feel as though the market just moved against them which led to the loss; as a trader we need to figure out to always point out errors from within without pushing blames to the market, network browser or other phenomenon

[kynaz]

You have mentioned every facts very rightly, and i want to talk more on is learning more from your mistake.
When it comes to trading, most of individuals feel as though the market just moved against them which led to the loss; as a trader we need to figure out to always point out errors from within without pushing blames to the market, network browser or other phenomenon

We make every decision and if there is a mistake, that is what you need to fix for the next transaction. I think any investor has experienced this hard time since joining, but ten traders are certainly only one successful trader in this market. This is not a place you can easily analyze because every market movement will greatly affect your profits.

[Blue_oxen]

thank you friend, these tips are really useful for newcomers. But for those who know nothing about trading, There is no need for them to come to trading market. Every side has its pros and cons just like this trading and there are some good and bad aspects. We need to know about them like if you successfull in trading then you are good at this side. If you don't know about and trading, Then i think it's bad for you. But not bad for everyone ,not bad for those who know trading. just bad for those who don't know.

If all people were thinking like you and tried only the things they know well in theory we wouldn't have any accidents, money losses, the world would be a calm and boring place.  

You learn the fastest by doing. People should trade even if they know nothing about it just remember to start with very small money. You can project your income trading with 1/100 of your money.

I don't agree with you! Investing and trading in the cryptocurrency market is quite risky! I agree that we learn faster when we practice, however, don't jump to a market with zero knowledge! You definitely gonna lose your capital no matter what! Don't go too fast, don't be rush, don't be greedy! Emotional decisions lead to negative results and traders should know that!

[AniviaBtc]

Every side has its pros and cons just like this trading and there are some good and bad aspects. We need to know about them like if you successfull in trading then you are good at this side.

There are a lot of things that we need to know in trading, first of all, we should always keep in mind those advantages and disadvantages when we trade. You just need to learn every detail and information about trading and you should perform it so that you will know how trading works.
By that, it will make you come up with some strategies that will help you to become more effective in trading.

In order to have a good trading, you should learn how to accept mistakes and losses. In every mistakes, there is a lesson that you need to know and improve about yourself. Improving yourself every time you trade is the key to have a good and effective transactions in trading.

[Freddy11]

My tip would be to work with simple and straight forward approach, it’s very helpful with FreshForex broker. As they provide all the benefits one could ask from tidy spreads to fast execution of trades and much more. I feel highly comfortable with them and one of the reason for me for able to make consistent profits.

[Synaesthesia]

thank you friend, these tips are really useful for newcomers. But for those who know nothing about trading, There is no need for them to come to trading market. Every side has its pros and cons just like this trading and there are some good and bad aspects. We need to know about them like if you successfull in trading then you are good at this side. If you don't know about and trading, Then i think it's bad for you. But not bad for everyone ,not bad for those who know trading. just bad for those who don't know.

If all people were thinking like you and tried only the things they know well in theory we wouldn't have any accidents, money losses, the world would be a calm and boring place.  

You learn the fastest by doing. People should trade even if they know nothing about it just remember to start with very small money. You can project your income trading with 1/100 of your money.

I don't agree with you! Investing and trading in the cryptocurrency market is quite risky! I agree that we learn faster when we practice, however, don't jump to a market with zero knowledge! You definitely gonna lose your capital no matter what! Don't go too fast, don't be rush, don't be greedy! Emotional decisions lead to negative results and traders should know that!

I agree with you. Before entering this market, you should be prepared with knowledge and psychology because when you actually buy with your own investment, you will definitely have a different feeling. This is not an easy market for you to make a profit, but if you know how to overcome the initial time, the next trading, you will have a lot of experience making profits from this market.

[pragna]

I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.

Very good tricks for traders here. I think this will help new and old traders to implement their trading strategy here. Maximum time we do mistake that we start trading by influence of others that should not actually. We must have to learn more and more that targeted tokens so that we may gainer.

thanks.

[Findingnemo]

My tip would be to work with simple and straight forward approach, it’s very helpful with FreshForex broker. As they provide all the benefits one could ask from tidy spreads to fast execution of trades and much more. I feel highly comfortable with them and one of the reason for me for able to make consistent profits.

COnsistent profits from trading is one of the biggest lie, if you not aware of them please understand it.No one in this world is making consistent profits by trading any assets which includes cryptos as well because if they are saying the truth then they will become more rich than Warren Buffet who I one of the richest people in the world, even he is making at average of 15% every year.

[rathaha10]

These are indeed nice tips to guide everyone through a profitable trading adventure, however it is far harder than it seems because onces you are trading, alot of things have to come in play because even the slightest factors you didn't foresee can affect the price of a coin leading either dump or price increase but most of the times, it often leads to dump and this is the fact that everyone needs to understand perfectly before trading

[Oceat]

My tip would be to work with simple and straight forward approach, it’s very helpful with FreshForex broker. As they provide all the benefits one could ask from tidy spreads to fast execution of trades and much more. I feel highly comfortable with them and one of the reason for me for able to make consistent profits.

COnsistent profits from trading is one of the biggest lie, if you not aware of them please understand it.No one in this world is making consistent profits by trading any assets which includes cryptos as well because if they are saying the truth then they will become more rich than Warren Buffet who I one of the richest people in the world, even he is making at average of 15% every year.

Yeah, I agree with you but I think OP meant about consistent is gaining a profit only when he saw the market is ready to make some gain. But of course, this one will require more time and effort to actually follow since the market is always moving with its fluctuations. There's no way someone would gain a consistent profit in trading especially if you are trading everyday.

[Shasha80]

All the tips you mentioned in the opening post, are the basic rules in trading and indeed must be followed if you want to become
a successful trader. But not all traders run these tips well, so there are still many traders who experience large losses. I just added
a few tips to become a good trader, like always using stop-loss to manage our capital so it doesn't run out. And also my other tips
are always doing technical and fundamental analysis before deciding to buy or sell coins.

[cryptoangel]

Trading system is like a real gambling which is the possible winner has usually unpredictable so seriously the first place you have to understand on what you are in front of others ,such as controlling that's because while in business maybe your own weakness is your bad enemy so,aside from your source ,good behaviour is your complete address to aim more confident to show up.

Trading is not a pure gambling, because we can predict some ratio and fix the rate of further possibilities. So gambling is totally differ from the Trading, I think both are investment, but profit is unpredictable in crypto platform. But my tips for trading is choose the most reliable coin and fix the ratio of each investment and mainly we focus more than 2 coins in trading platform.

[michellee]

Trading system is like a real gambling which is the possible winner has usually unpredictable so seriously the first place you have to understand on what you are in front of others ,such as controlling that's because while in business maybe your own weakness is your bad enemy so,aside from your source ,good behaviour is your complete address to aim more confident to show up.

I don't agree with you. Trading is not the same as gambling if you have skills to analyze the market moves, and if you can control yourself in taking the profit, you are not gambling with your money, but you have the opportunity to make a profit. Many people trade in one or two coins, but the problem is they don't know how much profit they want to get, so that makes them greedy, and the chance to make a profit will be gone.

[Denamen]

These are indeed nice tips to guide everyone through a profitable trading adventure, however it is far harder than it seems because onces you are trading, alot of things have to come in play because even the slightest factors you didn't foresee can affect the price of a coin leading either dump or price increase but most of the times, it often leads to dump and this is the fact that everyone needs to understand perfectly before trading

Before trading should have a comfortable mind and not to think about other things, I usually read or watch some entertainment articles before trading because it makes me feel comfortable. When I start trading, I always choose the price to buy and sell at a good price. Of course, it's not always so easy because the crypto market is very volatile.

[iv4n]

I am for limited budget, its how you save yourself from big loses, its how you can avoid getting busted with bad trades. It's a good start, you limit yourself with some amount you can afford to lose and you start your trading journey. With time and practice you learn more about different options, what is good to do and what's not so good to do, which coins are good for trading, the range of fluctuations, which things can affect price to rise or drop, and after a lot of practice and learning you can become successful trader.

[okala]

I am for limited budget, its how you save yourself from big loses, its how you can avoid getting busted with bad trades. It's a good start, you limit yourself with some amount you can afford to lose and you start your trading journey. With time and practice you learn more about different options, what is good to do and what's not so good to do, which coins are good for trading, the range of fluctuations, which things can affect price to rise or drop, and after a lot of practice and learning you can become successful trader.

small budget make you small money if the market move in your favour and lose small if it get against you. I did not see much difference than emotional control. In trading you will only succeed if you trading without following the fomo.

[SacriFries11]

Trading system is like a real gambling which is the possible winner has usually unpredictable so seriously the first place you have to understand on what you are in front of others ,such as controlling that's because while in business maybe your own weakness is your bad enemy so,aside from your source ,good behaviour is your complete address to aim more confident to show up.

I know if you pay attention to every details of your trading before making it a real trade it will minimize your risk and make it not a totally gambling anymore. If someone will trade without any proof of winning or any possibility of making it a right trade, I think it will consider as a gambling. Limit the budget of trading and also limit the amount that will possibility of losing. Don't try to get back the amount that you lose, maybe you will get it in the next day. Lastly, continue to learn every single day and another way to make a good trade. In this, you will be a great trader someday.

[Findingnemo]

My tip would be to work with simple and straight forward approach, it’s very helpful with FreshForex broker. As they provide all the benefits one could ask from tidy spreads to fast execution of trades and much more. I feel highly comfortable with them and one of the reason for me for able to make consistent profits.

COnsistent profits from trading is one of the biggest lie, if you not aware of them please understand it.No one in this world is making consistent profits by trading any assets which includes cryptos as well because if they are saying the truth then they will become more rich than Warren Buffet who I one of the richest people in the world, even he is making at average of 15% every year.

Yeah, I agree with you but I think OP meant about consistent is gaining a profit only when he saw the market is ready to make some gain. But of course, this one will require more time and effort to actually follow since the market is always moving with its fluctuations. There's no way someone would gain a consistent profit in trading especially if you are trading everyday.

Its something to be considered as an investment, not as trading because they trade only for profits which take time and long time to make good profits which will not come under the regular trading activities and for that we don't need any other services we can simply make profits on our own if we have patience.

[Reatim]

Knows your limitation is something that could help and that to know your capabilities as well.
If we are not comfortable with doing this and not even have the basic knowledge before is started, then we never have to expect either for a passive results but rather to see a fallen one. Trading is a really risky thing and that we need to take it seriously. It can be of a hard start but if we have the determination and courage to improve from that position, nothing seems impossible.

Trading is something deserves only few and not all of us will become the good trader in this field .

i remember 2 out of 10 friends try to trade are now still trading but the 8 quits already,and now stays Holder so they don't need to risk everytime.

So remember that trading is truly profitable but we are not all can make money in this.