What should newbies pay attention to when trading with virtual currency?

[bitcon]

If you do not have knowledge, it is impossible to earn anywhere. To have a stable income, you need to understand how it all works. Otherwise, it will turn into a big lottery lucky - not lucky. When there is a goal and an opportunity to learn the basics of cryptocurrency, you can also think about income. After all, without knowledge, something can not be achieved.

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[Mauser]

If you do not have knowledge, it is impossible to earn anywhere. To have a stable income, you need to understand how it all works. Otherwise, it will turn into a big lottery lucky - not lucky. When there is a goal and an opportunity to learn the basics of cryptocurrency, you can also think about income. After all, without knowledge, something can not be achieved.

I agree with you that it is hard for beginners to earn consitently in the alt coins market. But you need to invest some form of money to start actually building up your portfolio. Also, when losing money it will be a good lesson for the later stages of your investing career. In the human mind it is common that we remember losses much more strongly than winnings. Everybody will make mistakes, it's just important that we are going to learn from these mistakes and won't repeat them.

[Miaallen]

The most important thing I believe should be looked into is the market trend and it not here. Everyone, including the pros should take note of this in order not to make an hasty investment decisions which might lead to loss of the investment value to price fall.

[Mauser]

In my opinion the most important thing to look after when starting to trade on your own is transaction fees. Don't over trade because you will lose money for every trade. And is also can be very entertaining to trade regularly. I would recommend to do your solid research and at least try to hold the coins for some time.

[IkonaDro4ku]

There are many good instructions on the Internet how and what to do that's why I still think the biggest problem is human greed and fear. Therefore, it is better, before doing something, to be aware of how everything can be up to a complete loss of money.

[Xardasim]

for a beginner we must learn from support and resistance, on the other hand we also see market movements because each project is different in its ups and downs. After understanding the basics I think you will become a professional trade.

I think the first thing newbie have to learn is how not to lose money. Trading to earn from the first day will drag you into a big well. Trading is not as easy as it seems from the edge. Ever since the market has been increasing, everyone started talking about BTC, although a few months ago whoever you offered to invest in, would see you crazy. Because we do not want to learn anything, we just want more money.

[Yatsan]

Newbies must first understand that there are certain risks upon doing trading with virtual currencies and if you are not knowledgeable of what you are doing, you are throwing money instead of taking gains and profits with it. Newbies must take into attention of having prior knowledge on how does the market works and better be picky on the virtual currency he will choose because that will probably decide the future of his funds if he will attain gains or losses with it. Research about certain coins you wish to trade with to better know its behavior and how you are going to handle it because your main aim is to earn money through it and not the other way around. You must also consider the exchange platform you are going to do your transactions because that thing do also matter.

[cryptofirm]

new people should understand about how the markets work, and have enough knowledge to choose the right coin before investing
they should understand how to manage the risk too, before they drop their money in this crypto world
thats mean newbie should learn a lot about cryptocurrency before earn

[xiboothrezi]

Newbies must first understand that there are certain risks upon doing trading with virtual currencies and if you are not knowledgeable of what you are doing, you are throwing money instead of taking gains and profits with it. ~

this is the important point. Newbies should be aware that trading and investing in cryptocurrencies is very risky. Unfortunately, many newbies who are interested in joining cryptocurrency because of Fomo, are provoked by people, without equipping themselves with the knowledge and basics of crypto, this is what makes them tend to lose.

I always warn my friends who are just joining crypto, most of them are interested because the price of bitcoin is soaring at this time. I told you that prices could drop at any time, so we have to study first and really understand the risks.

[MCobian]

What a newbie should pay attention to when starting crypto trading is when selecting projects to buy, they must choose projects that have high
volume and the next must choose a popular and trusted trading place. Actually, if these two things are fulfilled, the newbie can trade safely.
For other problems such as the strategy to be used for trading, can be learned by reading the many articles and explanations on video which are
available in various online media.

[cryptofirm]

learn about fundamental analysis and technical analysis
and thats need an enough time, because if people can combining the technical and fundamental analysis, for sure they can get a consistent profit

[seleme]

Newbies should learn the secrets and mechanism of trading step by step, otherwise, the trading capital will be burned sooner or later. Maybe newbie luck will be the case and the new trader will survive for a while but the final ending is obvious. For finding the exchange, checking the crypto comparison websites and learning from other pro traders can make him a better crypto trader. Everything is linked to patience, impatient traders pay the bills of patient traders.

[SlimShadyMmp]

Dont do leverage but if you have to then make sure you are ready for the turnout of events because I can go side ways and you will definitely have bad trade and panics so I will advice you do things carefully and if you loose be a bigboy and accept, move on and learn Trading can sometimes wear you out even the best have that feeling so watch carefully and be safe

[JeffBrad12]

Liquidity will always become the main consideration for some people to pick the major exchange site. So many small exchange sites can't provide the liquidity for their traders and then these traders are moving to the major exchange site. that's why this can be an advantage for the major exchange site too as the volume will be centralized as people will try to send their money into the major exchange site with high liquidity.
That will be the rules when a newbie wanna try to trade and the newbies must pick the legit platforms.

[FlagstaffRevel235]

The crypto market is opened for all traders where a merchant can invest easily, but it's not at all because, when bitcoin is growing up with an amazing graph then on the other hand the attacking has a decrease graph! In the present moment the BTC is going to unexpected high rate and it's 32k+, It is the records in present statistics. So, I would love to get a rally with both sides.

[uneng]

There are several points newbies should pay attention to. Exchange liquidity is just one of them. If they choose a popular exchange it is sure there will be high liquidity. The issue is that if the exchange charges high comission and withdrawl fees and if kyc is a must. These two points are my main concerns in this case, because newbies may not want to give their personal details and no one wants to pay high fees to cashout their funds.
It's a common mistake for newbies to fall in traps like this, creating a lot of headache and waste of money.