Best Strategies for Trading.

[To.Nick]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

[jossiel]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

As for newbies, DCA is the easiest and most basic strategy. But if you want to know more of the strategies, coming from basic to advanced. Here's an article[1] that could give you the idea about it.

[1] https://cointelegraph.com/trading-for-beginners/a-beginners-guide-to-cryptocurrency-trading-strategies

[Tytanowy Janusz]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

Go here: https://bitcointalk.org/index.php?topic=4846473.0

But as a complete newbie the best thing you can do is start trading with minimal possible bet. Its like 10$ for binance. Do not make it bigger unless you will end whole year on profit. That way you will make year learning as cheap as possible because 90% of new traders wipe out their savings very fast.

[tranthidung]

Whatever strategy you use, don't forget some protective weapons in trading

• One of the Best Weapons in Trading
• Stop limit order is better than stop loss order

Preventio is better than cure and those order types are helpful for you to avoid liquidations or serious loses. You should not be over confident about yourself and your orders, use those ones to make sure in worst cases, you won't get serious loses.

[palle11]

My advise to you is you still have to be convinced by yourself on the best pattern that is working for you. As they say one man's food may be turned to poison to the other man, meaning work your strategy out using what you have read or watched. You can't be better if you don't practice yourself. Don't always blame yourself on your loses but concentrate on what gives you profit. Good luck.

[YOSHIE]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

@To.Nick, crypto trading is very risky, you can't just rely on the discussion of the topics, as well as the instructions in other topics, if you want to trade crypto, you must be escorted and accompanied by crypto trading experts, it is very important to prevent you from experiencing big losses.

My experience:
I used to trade only based on articles and readings, I thought it was easy enough to make a profit, I wasn't wrong, after I suffered a loss, finally I decided to learn crypto trading for real to the experts, not articles or google, one year I was engaged in trading directly to the experts, the end of the second-third year story and so far I have done it myself, as a result I was able to get a decent profit in crypto trading, I hope what I say, I hope you understand.

[Findingnemo]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

I would like to remind that for newbies using stable coin pairs seems more easy to build their strategies even for the veterans. Yes there is risk involved while we use stable coins because it can reach zero at anytime but for someone to begin trading they should try short ti mid term trades with BTC/USDT and scalpe the profits from time to time is more efficient way to grow the portfolio value with less risk comparing with highly volatile shitcoins.

[cabron]

For strategy that is most effective for newbies is just buy and hold for long term. You can never go wrong with this one. You'd be surprise how much you could have after waiting for several years. This is as long as you hold for a longtime.

Its usually BTC/USD. It could be stablecoin like USDT which mostly are trading. So BTC/USDT in monthly chart for futures market, this could be profitable but you should be careful though. We yet have no idea if the market will really bounce.

[CryptoYar]

The best strategy for newbies is, buy and hold in your personal wallet.

For this, you need two things, [1] a P2P exchange where you buy bitcoin with your bank account. [2] non-custodial. After purchasing bitcoin transfer it to your personal wallet ( non-custodial is recommended so that you have control over your funds)


[1] List of P2P/no-KYC exchanges

[2]
What is a Non-Custodial Crypto Wallet?

It is a type of Blockchain wallet that lets you be your own bank. This implies that users have full control over their funds and on the associated private key.

What is a Custodial Wallet

A Custodial Wallet is defined as a wallet in which the private keys are held by a third party. Meaning, the third party has full control over your funds while you only have to give permission to send or receive payments.

Source

[jackg]

If you've got enough fund in your wallet and a decent investment already to risk only a few percent, you could try making calls on whether you think something will go up or down. Look at how others have traded based on technical analysis, learn how support and resistance works and look at learning how to spot technical patterns yourself (this should take a few months to learn if done right). You can only trade these certain strategies at specific times so it's best to come up with rules at points (ie, one loss makes you stop trading for the day, three days of losses means you take some time to do something else - you could switch to forex or stocks or just give up and find some reading or research to do and return a week or two later to see if the uncertainty has left).

If you don't have a solid investment you can borrow funds from, focus on building that and keeping it. You can add some of the strategies mentioned above to it but you should decide whether you want to focus on accumulation and only buy supports or whether you should sell resistances too (you can do this with a few % and just keep buying if we go lower after reaching a new higher price). DCA can turn out to be more profitible than this, your chances of that being more profitible than this is generally based on the market and fairly random but it can teach you a skill.

[DoublerHunter]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

^This can depend on the knowledge that you have because not all people are suitable for trading and it is based on their skills.
If you don't have enough knowledge, I suggest you not continue trading because it will probably be the reason why your fund will easily wipe out. So don't trade if your lack knowledge, holding is suitable for newbies as they said above. Investing in a DCA way would be the best way for those newbies who did not know how to deal with the market situation.
However for newbies, try your luck on copy trading for practice and gain experience, but don't expect too much profit from this instead, the experience will give you a benefit to learn and give a better strategy and a path to become a good trader.

[South Park]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

The question is not as straightforward as you make it out to be, you say you are a newbie but how much of a newbie you really are? If you do not really know anything about the markets in general then it is better that you take your time and begin to learn for at least a few months, if you do not do this then I can guarantee you that regardless of the trading pair that you select you are not going to make any profits in this market no matter how hard you may try.

[sheenshane]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

• BTC/USDT
• ETH/BUSD

These are very common pairs on exchange and I think as a newbie, I'll prefer the very common pairs over others.
But before picking such trading pairs, you need to know first if this is applicable to an exchange that you use because sometimes trading pairs vary on an exchange that you have used.

Stablecoins pair has more liquidity and that's why have a high market capitalization the potential of seeking profit, it's advisable pair for newbies and even professional traders.

[Mpamaegbu]

• BTC/USDT
• ETH/BUSD

These are very common pairs on exchange and I think as a newbie, I'll prefer the very common pairs over others.

You just took this out of my mouth. You're spot on on that. OP should start with simple pairs like that. Don't cut in more. Grow from one or two pairs. I would specifically suggest BTC/USDT or BTC/BUSD pair. Sticking to a single pair makes it easier to monitor the movement and being able to make evaluation in such a way that picking entries wouldn't be much of a burden. So many traders think that trading many pairs is a recipe for profitability. That's false. There are those who trade single pairs and are profitable doing that.

[GatotKaca]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

OP, the pair BTC/BUSD will be suitable for novice traders. just focus on one pair first. don't think too much about altcoins which will make the pump return bigger.
study the charts and the market on the BTC/BUSD pair. Once you understand and start developing, you can try other altcoins.

[ethereumhunter]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

You need to know that trading is not for everyone and only those who desire to learn can follow the course of trading. You have to find your own trading strategy and can't use someone else's strategy because we have a different points of view about strategy and I'm afraid that if you use or learn strategy from someone else, you will find it difficult to make a profit. But if you can learn on your own from the many strategies out there and develop them so that they work for you, you will be able to profit while trading. Especially if you are a beginner in trading, it is very important to learn about strategy.

[GeorgeJohn]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

I know that it's good to ask of the possible way of trading, i know that many people will give you their own ideas of trading base on their understanding of trading, another thing is that in trading you have to make your own impact by researching of trading by using YouTube video and also searching in Google to know more better of trading strategies, because it's hard for someone to give out it's way of success in trading, it's what i found out

[monineklutak]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

OP, the pair BTC/BUSD will be suitable for novice traders. just focus on one pair first. don't think too much about altcoins which will make the pump return bigger.
study the charts and the market on the BTC/BUSD pair. Once you understand and start developing, you can try other altcoins.

For beginners, they shouldn't be too pushy because it will only make you lose,
what you say is true better focus on just one first and also improve your knowledge and skills,
most importantly enjoy the process

[GreatArkansas]

Hello guys. What are the possible Currency pairs trading strategies that a newbie can follow up. It should be from personal observations, beliefs and practices. Thanks.

The best to use is high market cap coins, Bitcoin and Ethereum pairs are good also check from your exchange using which pair got high trading volume, which means there are a lot of traders trading those pairs recently. And also try to trade with stablecoin pairs first.
Also, avoid using high leverage, less leverage less risk. Practice risk management, don't go all in.

[palle11]

A newbie knows nothing about using strategies so it will better newbies keeps it simple by applying DCA. Buying at intervals an abbreviation for Dollar Cost Averaging. Using strategy outside this will require mastering them and testing them on demo accounts but for DCA there is no much analysis done all the buyer needs to do is wait for price to fall then they buy.

A newbie that has done alot of demo can go on to try real trade by trading gradually on low volume coins so that volatility is reduced. Using low leverage too and the use of proper money management will help such trader not to really feel much difference with demo and real trading but increasing of risk appetite without enough experience is risky. However, DCA is not really trading and also not free from risk because accumulation of coins without profit can be frustrating.