peterpanda
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September 12, 2020, 06:58:54 PM |
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Trading is the good way to make money but it is so risky for new traders. I will suggest new traders to trade on demo account. More market analysis is needed for being a good trader.
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Hypnosis00
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September 12, 2020, 10:56:47 PM |
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Trading is the good way to make money but it is so risky for new traders. I will suggest new traders to trade on demo account. More market analysis is needed for being a good trader.
They'll never find it hard or easy if they never have tried it. Of course, no one gets perfect at the very beginning, we all suffered the consequences that we afraid of but keeping these mistakes makes us learn and improve ourselves and strategies. Because if we feel about worries and doubts about ourselves, definitely we never have the courage to take the risk as well. Trading needs commitment and strong minds. These things will help us to decide the right thing to do.
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NavI_027
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September 13, 2020, 01:55:48 AM |
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Trading is the good way to make money but it is so risky for new traders. I will suggest new traders to trade on demo account. More market analysis is needed for being a good trader.
They'll never find it hard or easy if they never have tried it. Of course, no one gets perfect at the very beginning, we all suffered the consequences that we afraid of but keeping these mistakes makes us learn and improve ourselves and strategies. Because if we feel about worries and doubts about ourselves, definitely we never have the courage to take the risk as well. I agree. Once you're done studying the theories of trading then you had no choice but to do the next step which is actual application. That is where you will learn even more. Yeah! There is a high chance of making mistakes along the way but don't stop. Failure is a part of learning so be courageous ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) . As long as you are following the "Buy low, Sell high" principle then everything is gonna be alright. My advice for new or even those feeling new in daytrading, invest with bitcoin first. Don't suddenly jumped on defis or new sprouting tokens because they are more complicated to handle.
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jostorres
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September 13, 2020, 06:47:23 PM |
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As a beginner there are lots of things you will have to learn. The first advice I would give to a beginner is that they should start small. I do understand everybody has their personal problems that they are dealing with and they seem not to be able to have patience and focus for a while, because they want to make money and get rich quick and start tackling their problems, but slowing down and focusing for sometime might really help you a lot in future, best to endure now and enjoy tomorrow.
Like a newbie that was asking in the altcoin section of the forum how he’s going to get a hundred times of his investment, he’s in a hurry to make the money and forgetting that he should calm down and learn some things first. The next thing I’d like to say is that you should avoid cryptocurrency that are liquid, with these ones there are no chance of you hitting a big return on investment.
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Yatsan
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September 13, 2020, 11:54:28 PM |
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For a starting trader, you must first focus on learning about certain things related to trading such as the currencies you wish to trade to better get familiarization on such coins to also know what suits your budget and preference. Learning must be the first stage you must know and acquire before doing an engagement in trading. You must equip yourself first by lots of knowledge about the market and how does trading works so you would not end up wasting your money and time. Keep yourself updated into the latest news and happenings about different markets if you wish to trade on both crypto and fiat. Start at small base to test your trading capacity and challenge what you have learned from the sources you read or watch for acquiring knowledge at the first stage. Just start slow and do not put all of what you have. Just put what you can afford just like doing investments.
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Pamadar
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September 14, 2020, 12:11:23 AM |
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Trading is the good way to make money but it is so risky for new traders. I will suggest new traders to trade on demo account. More market analysis is needed for being a good trader.
If you want to start things right then doing this is the right thing to do. Practice and check if your attitude is capable for this business, though there's a big differences between real money and demo account but the experienced with the market movement still the same, if you are comfortable and you see that you got the chance then use your real money and experienced the actual actions.
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southerngentuk
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September 14, 2020, 05:41:37 AM |
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1. start with a small money
2. only use binance, not anywhere else like uniswap
3. Do your own research
4. don't follow the hype
5. stop greed and always be happy with even small profit, profit is profit!
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LouVandetta
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September 14, 2020, 07:42:14 AM |
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2. only use binance, not anywhere else like uniswap
This is not a wrong advice but I think it's a bit unfair to those who likes using other exchanges. I know that binance is the best exchange, or so I heard and I agree on that part. But we also have a lot of other good markets. Haven't tried uniswap so I can't say anything just yet. Well, being a trader is not as easy as eating candy or something. You need patience and everything. Every steps you take will be reflected on your trading. Practice makes perfect and so experience, gain lots of them and you should know where to go with your trading.
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Wawa2013
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September 14, 2020, 09:07:03 AM |
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The advice I can give to beginner traders is to start learning about the basic rules of crypto trading, after that choose a popular and trusted trading platforms. Next start trading with a small capital, learn how to analyze the market, choose popular coins when trading. And lastly and most importantly don't trade based on other people's signals.
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isaac_clarke22
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September 14, 2020, 01:25:10 PM |
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2. only use binance, not anywhere else like uniswap
This is not a wrong advice but I think it's a bit unfair to those who likes using other exchanges. I know that binance is the best exchange, or so I heard and I agree on that part. But we also have a lot of other good markets. Haven't tried uniswap so I can't say anything just yet. Well, being a trader is not as easy as eating candy or something. You need patience and everything. Every steps you take will be reflected on your trading. Practice makes perfect and so experience, gain lots of them and you should know where to go with your trading. Indeed. Although I use it quite often, it doesn't mean that it is the only exchange that majority should take. It has a wide community but that doesn't mean that that's the only exchange that everyone should go. It's like comparing Android and Apple to each other. Feel free to try any other exchange, but don't stray too far because there are exchanges listing fake volumes.
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ibuddy122505
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September 14, 2020, 02:20:56 PM |
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Trading is the good way to make money but it is so risky for new traders. I will suggest new traders to trade on demo account. More market analysis is needed for being a good trader.
Same here, I strongly prescribe to do a novice trader. Being patient at the start and get into the market slowly. Various things will drop over various times. But, do your practice and wait until you have the money to throw in at the start.
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wxa7115
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September 16, 2020, 05:43:09 PM |
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I can only give few advise to new traders. First which is very important that don't be greedy in your trade and only choose good coin Don't enter in hype or fomo. Never buy at top. Also don't take leverage trading and be in spot trading because if you took leverage it can give you totally liquidated. Also research before investing any coin. So these are few things a new trader should follow for risk management.
All of what you say is a good advice but by far the most important is to not use leverage, leverage can be very attractive from the point of view of a newbie trader as now you can make a lot of money with even the smallest movements in the market, this can make them think they can make a fortune in a relatively short amount of time, but what they do not get is that leverage works against you as well and you will need risk management strategies to mitigate that issue. And for the most part the way to do that is to reduce the amount you use to trade, but you could get the same effect by using the same amount of money with no leverage which show us why leverage is completely unnecessary except for the most expert traders in the market.
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Rrita
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September 17, 2020, 02:38:48 PM |
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without proper knowledge never try to do trade. it's not so easy, but you already started to do the trade! You need to do trade with a small amount first. before starting with real money you need to do demo trade that I like and advice also for a newbie at trade. in this way you can learn without losing you capital. Hitbtc demo website is good for this, here the link https://demo.hitbtc.com/I also suggst you to know about technical analycies. from here you can get some tips also https://www.youtube.com/watch?v=ofwtsc20hOY&list=PLvkpxFSTppmnQ7A5DP386zEKU0Tv_fatm&index=2
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Ridwan Fauzi
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September 17, 2020, 04:14:16 PM |
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The advice I can give to beginner traders is to start learning about the basic rules of crypto trading, after that choose a popular and trusted trading platforms. Next start trading with a small capital, learn how to analyze the market, choose popular coins when trading. And lastly and most importantly don't trade based on other people's signals.
Derivative/future trading is really dangerous for new trader, I felt it when I was newbie to trade. Indeed, I spend $100 to start but I use 20x leverage for my all trading system and finally I lost all my money and it was worst. Spot trading is really suitable for new trader, especially if they use bitcoin although the bitcoin price drop they still have a chance to still hold the coin and wait until the price up again and they can sell it, so they will have a small risk to lose money and also they will learn every wrong that they made for the next round.
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yeamin.rsl
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September 17, 2020, 06:43:19 PM |
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First you need to give a lot of time to learn more. Explore the internet to know more and more about trading.You have to be Realistic About Profits.Always start with small and then when you will learn then go big. Pick a Day Trading Market .I will recommend Binance as it is best for beginners.
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Lanatsa
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September 17, 2020, 10:08:43 PM |
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The advice I can give to beginner traders is to start learning about the basic rules of crypto trading, after that choose a popular and trusted trading platforms. Next start trading with a small capital, learn how to analyze the market, choose popular coins when trading. And lastly and most importantly don't trade based on other people's signals.
Derivative/future trading is really dangerous for new trader, I felt it when I was newbie to trade. Indeed, I spend $100 to start but I use 20x leverage for my all trading system and finally I lost all my money and it was worst. Spot trading is really suitable for new trader, especially if they use bitcoin although the bitcoin price drop they still have a chance to still hold the coin and wait until the price up again and they can sell it, so they will have a small risk to lose money and also they will learn every wrong that they made for the next round. Its very risky for someone who doesn't have much trading experience and knowledge to jump on directly to leverage/future/options trading because you would definitely lose up money on that case. Better to do spot trades on very small capital and try to grasp things up until you do able to know the basics.There are lots of tools that you can use and there are lots of analysis and strategies that you can look from other trader but don't fully rely on it because not all things that do works on them works for you.So this would matter on how you do make your own as long it would be profitable then you are doing just fine.
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bitbollo
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September 17, 2020, 10:14:01 PM |
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absolutely true what other user said about leverage derivative and future. this is not trading but it's just gambling. and in the long term you're going to lose your money. use a demo account to learn more about functions of a trading site. it's always better than start directly with cash.
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Dorodha
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September 18, 2020, 06:10:49 AM |
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Trading is the good way to make money but it is so risky for new traders. I will suggest new traders to trade on demo account. More market analysis is needed for being a good trader.
Same here, I strongly prescribe to do a novice trader. Being patient at the start and get into the market slowly. Various things will drop over various times. But, do your practice and wait until you have the money to throw in at the start. Newcomers usually come to the market without any skill to make money soon after greed so they are more at risk. I agree with you that the first thing a good trader should do is to analyze the market well. Having a good knowledge of the market makes trading risky. Also invest small amounts as the market is not stable no one can say when it will go in which direction even if the price of the currency goes down trader will not suffer much.
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lienfaye
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September 18, 2020, 06:32:39 AM |
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absolutely true what other user said about leverage derivative and future. this is not trading but it's just gambling. and in the long term you're going to lose your money. use a demo account to learn more about functions of a trading site. it's always better than start directly with cash.
I agree, its better to start using a demo account to understand well how trading works, this way you can gain knowledge on what to expect if you try it in actual. For newbies have lots of patience and dont be greedy. You cant get a result in snap, it takes time and need a right timing either when buying/selling. Keep in mind that all pro traders are once a newbie too so if they succeed you can too, just never stop learning to improve your skills.
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Imran232
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 18, 2020, 07:11:30 AM |
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Thank you soo much for interesting in crypto trading platform with a $500 handsome amount . From my trading experience i will suggest you a biggest point which is do not started with future trading. Because its profitable but risky which is not for beginner. I suggest you to choose spot trading. Because it will be lower risky. For your success i will suggest you to choose a best exchange and find some most potential coin and invest them with spot trading and wait for price pump and take profit. If your choosing currency gone dump wait it hold it don't panic. And when it will up again take your profit and try to invest another. In this process try to learn about more trading option. And gain knowledge about trading then you can use other trading option. I hope you understand. If you want to my opinion about any exchange i use binance exchange. In my point of view its best for me for its security. All the best for your trading journey hopefully you will get your best.
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