Tips to know when trading your cryptos .

[Obi theo]

This category of the community is really important because in this section newbies are more enlighten on what they should expect in the crypto world , and one of those feature is the aspect of trading, in crypto it's one thing to understand crypto, earn from crypto and trade ur cryptos . And most of us that are new into this need to do more research on crypto especially the trading aspect ,
 Believe when I say ,there are some exchange site you will open and you will get confused
 Put with the link below and your research you will be a guru in trading your crypto .
https://blockgeeks.com/guides/how-to-trade-cryptocurrency/
 I can give you every detail in order to make the write up simple ,I urge all newbie to make more research on trading
 

[OcTradism]

You missed a point. Learn to use a crypto wallet to store your crypto and wallet should be non-custodial.

Use exchanges and their custodial wallets to store your crypto are not good. You can say I am trading everyday but the more exposure your crypto currency have with exchanges and Internet, the more risk to be stolen, hacked. Exchanges can be hacked and not all of them will do compensation for you. Some exchanges do scam and exit and some of them abuse hacks as reasons to file up bankcruptcy and exit.

The article is good but I don't like what they missed. They should tell readers where to start, search and choose exchanges: coinmarketcap, coingecko. They only mentioned some big exchanges they like (who knows any beneficial reasons behind, sponsored article by those exchanges)

If newbies want to search exchanges, I would tell them to try with
- https://coinmarketcap.com/rankings/exchanges/
- https://www.coingecko.com/en/exchanges
- https://www.coingecko.com/en/exchanges

Store cryptocurrency in non-custodial wallets, save private keys or seeds.
Make deposits to good exchanges to take profits
Withdraw your crypto, fiat or stable coin from exchanges after your orders are filled.

It is a best approach, first for security and safety of your asset, second not all traders get profits from their trades.

[pawanjain]

You should move this thread to 'Trading Discussion'

A nice guide for beginners. But one thing I would like to mention is that not all exchanges which doesn't require KYC are not secure enough.
We have Decentralized exchanges (DEX) which doesn't require KYC but is still many people's choice.

The best thing for beginners would be to store their cryptocurrencies in non custodial wallet and only put a little amount in exchanges for active trading.

[Innerpumper]

there are many ways to condition it, the most important thing is that we first look at the "current condition of bitcoin" because it will definitely affect our trading. What I'm noting at the moment is:
when bitcoin goes up = altcoins will go down (recommendation to buy)
when bitcoin goes down = altcoins will go down (recommendation to save assets)
when bitcoin is stable = altcoins are worth trading these conditions like altcoins go to the moon.

this is my personal prediction.
Note: Don't believe anyone's predictions keep doing research from yourself it will be better.

[passwordnow]

I've just scrolled quickly to that article and it's about the creation of accounts in exchange up for using hardware wallets.

I can give you every detail in order to make the write up simple ,I urge all newbie to make more research on trading
 

That's not every detail you've got in the article. I think before publishing the next articles you have, you need to proofread it so that each sentence and advice is detailed.

[cytpoway121]

When it comes to " time" in crypto currency, nobody is in charge. This is why you definitely can trade anytime, what matters is what you trade, how you trade and your biases while making investment choices

[Reid]

You missed a point. Learn to use a crypto wallet to store your crypto and wallet should be non-custodial.

I agree with this one but a very important point of all.
You cannot start with Coinbase. Better to learn how to make a non-custodial wallet first.
It's not that hard and most of it is user-friendly. Besides, they are also creating videos for tutorials.

Thankfully, I was not confused when I first stepped into an exchange.
I guess trading commodities was also a good background.

[jamesde]

It's not easy, first of all, as it may look at first sight. Cryptocurrency trading requires a lot of knowledge and understanding. This market is different from the conventional one in a way. So before getting into it I would reading and watching a lot of videos.

[tbct_mt2]

when bitcoin goes up = altcoins will go down (recommendation to buy)
when bitcoin goes down = altcoins will go down (recommendation to save assets)

It is not true at all. Bitcoin goes up, altcoins go up in fiat value but it is different for their pairs with BTC (sometimes up, sometimes down. Most of time down).

Bitcoin falls down, altcoins will go down (I see they fall down in 2 pairs, fiat and BTC).

when bitcoin is stable = altcoins are worth trading these conditions like altcoins go to the moon.

It is not true at all. It depends on the general condition of market. If the market is in bullish, altcoins will go to the moon. If the market is in bearish, altcoins will only rally a little, not moon.

[maxreish]

If you manage to visit the link that OP was provided, the tips already stated about the exchanges  ( the safe and the different fees). And that of course requires a proper research.

Not only that,  we may be able to make a good trades by learning different tools like technical analysis, FA, stop loss, etc. I remembered watching many different videos before when I wad a newbie in trading and that helps me a lot especially with that divergence, resistance, volume and other things that we need to know as a trader.

[chippy.hogan]

Crypto Trading Tips
Invest before you know the risk. ...
Put your investment in different coins. ...
Every trade cannot guarantee a profit. ...
Avoid fear and greed factors. ...
Trade with a plan only. ...
Use the risk mitigation tools TP/SL. ...
Follow the proven strategies. ...
Gather related information

[jaberwock]

Honestly all you need to know when trading crypto is the fact that you need to be careful where you are trading, and you need to know how well versed are you in trading. Do not do things that are way above your head, if you do not know what you are doing and if you are afraid that what you are doing will not make you profit, just stop and get away. You need to realize that you should be very very good at what you are doing before you do it.

I understand that some people may think "if I never do it, how can I be very good at it" and that is where studying and practice in training trading places comes in place. You study whatever you want to do very well and after that there are places that gives you fake money and you trade there in real markets, the money you win or lose is fake but the markets are real.