Beginners Should Follow These To Be A Good Price Predictor

[BD Crypto]

Crypto Beginners are those who have just started to know or learned a little about Crypto or Trading. That's why it's very crucial time for them as they don't have much experience. But a good start can change his future and a bad start can make him disinterested to Crypto or Bitcoin. So here are some of my advices and I know they have much more to learn.

1. Doing Fundamental Analysis: Fundamental Analysis is used to Determine how much potential a Crypto or Bitcoin is. Also by this Beginners will learn how Bitcoin or a Crypto works and what are the advantages or Disadvantages of Crypto. So to predict price of Bitcoin you should know about it's fundamental and it's potential for the future. It's also important if any new project launched and we are curious about it's potential.

2. Use Moving Avarage and Chart Analysis: Its a must and common way to predict price of Bitcoin and for this you have to know about some indicators and patterns. You can draw support and resistance level in your chart and can predict the price will pump it it hit support zone or can dump a little or be stable in resistance zone. Also Moving Avarage (MA) will simplify your prediction and will notify you about upward trend or a downtrend. The best app to practice technical analysis is TradingView. You can use some useful indicators for free in this app.

3. Learn from others Analysis: In TradingView you will saw many users are sharing their opinions about market prediction. Some of them are predicting pump of Bitcoin and some are predicting down. They have their own research so try to study their chart drawing and analysis. Then learn from the wining predictions and search faults from the losing predictions. That will help you to grow in a effective way.

4. Experience your knowledge with Demo Trading: Its a good choice for beginners to trade with the demo funds before investing real funds. It will help to find out the faults of your analysis without losing real assets. It will also increase the experience of a trader. Some sites are offering Demo trading like Etoro , Bybit etc.

5. Avoid Emotional Trading and Always Follow the Trend : Beginners are very poor to control their emotions in crypto trading. Even many experienced traders can't control it. So it should be controlled by practice and patience. Don't go for FOMO(Fear Of Missing Out) buying, avoid FUDs (Fear, Uncertainty And Doubt) and try to know more about Fear and Greed Index. And it's a must to follow the trend because there might be a chance to pump together.

6. Learn About Upcoming News or Events: We all can predict that Bitcoin pumps hard after every Halving. So there are many upcoming news and events available of every project which can determine its price. So we should also look at those upcoming events.

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[Aanuoluwatofunmi]

You have done well by presenting this for those who will be interested in learning bitcoin trading despite the fact that this might have been discussed several times before but there's still more needs to keep reminding people coming new to trading the required procedures and all needful requirements needed for a successful trading, if they can go through the whole process and keep in mind the possible required principles in trading, they will have the best in trading over time.

[Hamza2424]

The Op's Compilation is good I do respect it, Information will be also helpful but as the dear above said this is one of those topics which is discussed many times many many times, even though I had done a basic trading series which is incomplete because people don't like reading much stuff, Videography and Charts & Images are more effective for this purpose. I will suggest starting critical topics, on the basis of queries, day-to-day asked questions, and current market developments, It will bring more responses.

The rest of the things are good as your compilation, I think it's enough to read properly still you can improve it by making it visually more pleasant using Bolding, Colors and different sizes, etc.

[imamusma]

4. Experience your knowledge with Demo Trading: Its a good choice for beginners to trade with the demo funds before investing real funds. It will help to find out the faults of your analysis without losing real assets. It will also increase the experience of a trader. Some sites are offering Demo trading like Etoro , Bybit etc.

The demo features don't help much, but might be good for anyone too worried about running out of budget. After all, live trading will give them experience and courage, but of course beginners shouldn't rush with big budgets. While the demo can help you figure things out, your worries will likely be the same when it comes to live trading.

My one piece of advice, beginners just need to start trading with a small budget while developing their trading skills. Also don't expect to get rich overnight and stay away from more altcoins.

[Cryptomultiplier]

Following the steps you pointed out OP, it could assure one turns out to be a good price predictor.
Besides this, the case of an individual having to carefully ascertain if this information is helpful is if the mind is patient to understands the words.
This shows the interest, mostly when the goal in view is for it to serve as a likely source of income.

[crwth]

Your take doesn't necessarily mean that if you do any stuff with the things OP things listed, it's still no guarantee you will get any of the prices right. Being an indicator of price isn't necessarily equate to just following it. It's still up to the market.

[ampere]

5. Avoid Emotional Trading and Always Follow the Trend : Beginners are very poor to control their emotions in crypto trading. Even many experienced traders can't control it. So it should be controlled by practice and patience. Don't go for FOMO(Fear Of Missing Out) buying, avoid FUDs (Fear, Uncertainty And Doubt) and try to know more about Fear and Greed Index. And it's a must to follow the trend because there might be a chance to pump together.
 

For every upcoming newbie or upcoming traders who are learning the ropes; i would advice that before you begin learning at all; undergo a trading psychology and emotional class; it helps greatly believe me.

Because in crypto currency to atleast; there are no emotions, no love, no hate; what we see in crypto currency trading are only profits and losses.

• How to make more profits;
• how to limit losses
• How to make profits consistently
• how to avoid losses.

To thrive in crypto currency trading, you must first overcome your emotions.

[omgitsmehehe]

5. Avoid Emotional Trading and Always Follow the Trend : Beginners are very poor to control their emotions in crypto trading. Even many experienced traders can't control it. So it should be controlled by practice and patience. Don't go for FOMO(Fear Of Missing Out) buying, avoid FUDs (Fear, Uncertainty And Doubt) and try to know more about Fear and Greed Index. And it's a must to follow the trend because there might be a chance to pump together.

This is one of the most important thing you mentioned, been emotional and at the same time placing a trade have 99% of losing that trade. We don't trade base on our emotions, rather we trade base on our stable motive backup by good trading strategy. Although there are countless barriers that are always on the way to hinder profitable traders like us from triggering our trading position. One principle I enacted was, if I don't see an entry that matches with my strategy, I'm definitely not going to triggered any position, because if we trade base on the trends, we lose out but with price actions, we are opportune to reap significant profits from the market.

[Finestream]

4. Experience your knowledge with Demo Trading: Its a good choice for beginners to trade with the demo funds before investing real funds. It will help to find out the faults of your analysis without losing real assets. It will also increase the experience of a trader. Some sites are offering Demo trading like Etoro , Bybit etc.

The demo features don't help much, but might be good for anyone too worried about running out of budget. After all, live trading will give them experience and courage, but of course beginners shouldn't rush with big budgets. While the demo can help you figure things out, your worries will likely be the same when it comes to live trading.

My one piece of advice, beginners just need to start trading with a small budget while developing their trading skills. Also don't expect to get rich overnight and stay away from more altcoins.

Trading using a demo account is only useful at first but if you intend to develop yourself into a good and professional trader, then take the risk and start with live trading using your real live account. That will create more opportunities for you so you can start to trade for real while using a small amount that you can easily manage once lose. And the moment you’re into live trading, you will start to manage your emotions as well as you cannot trade battling your own emotions. Your emotions will ruin your trades if ever so learn not to involve your high emotions when trading. And as much as possible, do not be greedy to chase quick profits, trading has its own process so learn to follow and trust the process.

[Ndabagi01]

Nice compilation, OP, and a fantastic starter pack for bitcoin newbies. As a beginner, FOMO (fear of missing out) and FUD (fear, uncertainty, and doubts) are difficult to avoid because these two elements will encourage you to make a decision you're not supposed to make during trading. You'll also become a strong price indicator by taking risks you can bear; not all risks, but the ones worth taking, should be taken in order to achieve perfection and better assumptions in the market's current and future prices.

[GeorgeJohn]

From my perspective their no cryptocurrency predictions that is hundred 💯 percent accurate,  in predictions of market of cryptocurrency you will definitely predict on something you know better sometimes I do predict and it turns negative to me, and that make me not strictly believe in cryptocurrency predictions any longer,  so learning of predictions of cryptocurrency can not make you to be perfect but it will give you an a beginner the insight of market price movement but in the aspect of perfection through predictions of bitcoin it will never be accurate.

[GreatArkansas]

Among the list, I can add is Risk Management.

Risk management is very important and even if you are a "beginner" I can say that practice this even with how much capital you have on trading, you need to already have risk management. Practice it.
Always remember that risk management is not about ensuring profits, but rather about reducing potential losses and safeguarding your capital.

[Faisal2202]

1. Doing Fundamental Analysis: Fundamental Analysis is used to Determine how much potential a Crypto or  It's also important if any new project launched and we are curious about it's potential.

Dear Op, you took the meaning of fundamental analysis wrong, Because, in this analysis, you as a trader will analyze the industry, New outlets, and the involvement of different industries and governments in it. As basic knowledge of crypto is as necessary for trading as water for a living. And, you said in this analysis, we keep an eye on new projects too, but my POV is that is not a good idea, as a newbie, you cannot understand the risk involved in trading in new projects and yet they also do not put any impact on the overall crypto industry.

Other than this point, i liked your all points, and it is a good effort you made here. No wonder many newbies fall prey to market sentiments and loss their assets. And i think that currently market's sentiments are also making people fall prey to it.

[Inspiron14]

Among the list, I can add is Risk Management.

Risk management is very important and even if you are a "beginner" I can say that practice this even with how much capital you have on trading, you need to already have risk management. Practice it.
Always remember that risk management is not about ensuring profits, but rather about reducing potential losses and safeguarding your capital.

Obviously risk management is very important and required in trading so I think it's a must to have it,
trading is full of risks and if we don't have that skill it will be easy to lose,
Besides that, we can apply risk management to various things, not just for trading.

[slaman29]

No, disagree 100%

Crypto beginners shouldn't even learn about trading to start with, they should be looking more at awareness and education. Using crypto, where to use it, where to buy it, how to keep it secure.

And if you want to introduce crypto trading, first of all introduce them the Hard Facts. Which is that big big majority of crypto traders lose money.

Doesn't matter if professional or amateur, most people lose money. Even following all the tips, paying all the software and getting years of experience, majority still lose.

Teach this first, and then you save many souls from losing money in crypto

[hugeblack]

Good advice, I hope it wasn't written with artificial intelligence.
The problem does not lie in the tips, but rather in the application. For example, I can give you thousands of tips to learn to drive a car, but 5 minutes of application equals thousands of hours of reading. The first is to start by creating a demo account and learn the basics such as  Moving Avarage (MA), support and resistance points, and Fibonacci analysis. After that, you need to start trading with small amounts to learn how to control your feelings and stay away from psychological factors, and over time you can compare your strategy and advice with other traders or post it here.

[palle11]

5. Avoid Emotional Trading and Always Follow the Trend : Beginners are very poor to control their emotions in crypto trading. Even many experienced traders can't control it. So it should be controlled by practice and patience. Don't go for FOMO(Fear Of Missing Out) buying, avoid FUDs (Fear, Uncertainty And Doubt) and try to know more about Fear and Greed Index. And it's a must to follow the trend because there might be a chance to pump together.

I think this is the most difficult aspect of trading and this can only be controlled when a trader starts to make profit. If start making profit in your trade then you can now begin to master the things that go on in there and as they repeat themselves, you know already and ready to take your own flesh out of it without fear of FUD or the emotional tricks. This happens to both new and old trader. To locate trend may be a little easy for old trader but a new trader hardly knows what trend is. But by any means, this is really a challenging factor in trade.

[gunhell16]

I don't see anything wrong with the post you made, it may be based on your experience or your research about conducting trading activity here in the crypto space, right? It's different because you share your learnings in crypto trading based on your experience, right?

It's like you don't feel that if you only know theory about trading then you haven't experienced what you teach in actual trading. But if you combine them together, that's better because you really know what you're talking about. OP no offense just a thought.

[michellee]

@OP has given us good advice but we also have to remember that a good price predictor will not always be able to predict exactly where the price will go or what price will be reached in the next minute, hour or even day. That's because the current movement of crypto is very difficult to predict.

Even if you have good skills, that doesn't guarantee you can always guess. But maybe by following @OP's suggestions, one can learn a lot about the trend of a coin and where it is going. And even if he can't guess exactly, he can at least know where the next move is to adjust his trade accordingly.

And don't forget that it also takes years of experience before you can have predictive abilities. So we can only keep practicing to improve our ability to guess where the price will move.

[Nrcewker]

Definitely, if you are a beginner, then you should always keep yourself updated according to the price of the market. At first you should gather knowledge on how trading works and what affects the price of the coin. if you miss the basic points when you are a beginner, then definitely there is a chance that you will make losses in the initial days. The points mentioned in the OP is well structured, but one doesn’t need to follow all. If your basic understanding about the market is clear, then you will easily learn all these features quickly while trading and gaining experience.