Beginners Should Follow These To Be A Good Price Predictor

[Bushdark]

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.

This part of this post is something i wont advise a beginner 🔰  to partake in yet till you have mastered and understood the analysis you put out for your self, because if one tries to follow others analysis trust me we will all go astray. we have tons of people with different markets analysis out there you dont expect me to learn them all. so in my case this is a NO WAY FOR ME.

Sometimes the way some persons write as if they him know how it take for one fo follow there opinion. Steps are not easy to take because there will be a lot of distractions that could make us do the wrong thing. Having high expectations from learning trading mostly if we have the mindset of becoming very rich if we dev into trading could make us lose big if we don't get what we expected from the skill we have gotten. Even with the skill of knowing how to trade, we still need to understand how to invest and trade with the right fund unless we can greedy over trade and make the worse mistake of our lives.

[Botnake]

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.

This is very true. Know that the trading market is always uncertain and unpredictable so regardless if you are highly knowledgeable and skilled in trading, there’s no guarantee that you will come up with perfect price prediction in most of your trades. Even veterans in trading still suffer from inevitable losses, that is because their analysis in the market and their market price predictions were never perfect at some point. So I think there’s no way a trader will be perfect enough to predict correctly all the crypto prices in the market.

[ScamViruS]

A person cannot become a good predictor even after following all the steps unless he can change himself. So it is not a guarantee that following all the steps will make a good predictor. Self-discipline can make a person successful everywhere, so it is important to be a self-disciplined person to be a good trader, good predictor. Nice try OP, now it's a matter of seeing how one thinks and uses these things.

[judaspriest]

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.

This is very true. Know that the trading market is always uncertain and unpredictable so regardless if you are highly knowledgeable and skilled in trading, there’s no guarantee that you will come up with perfect price prediction in most of your trades. Even veterans in trading still suffer from inevitable losses, that is because their analysis in the market and their market price predictions were never perfect at some point. So I think there’s no way a trader will be perfect enough to predict correctly all the crypto prices in the market.

That's right, there really is no guarantee when we have the knowledge and skills that will let us know how the market will move and predict it correctly,
but that does not mean knowledge and skills are not important,
it is an important thing and every trader needs to have that basic skill.

[justdimin]

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.

So, it seems I am correct that the OP's topic isn't new anymore? I noticed it after a few read but I need to verify it through the comments. Maybe the OP's intention is truly good like he only wants to help a newbie and not asking anything in return like getting some merits but still, it would be better if he learn to make a research first so that all are going to be cool with him.

Interesting on how you admit that you fail in trading simply because you don't like to read and maybe you didn't complete all the trading lessons? But, even if we use other learning materials, we can still be bore if our main goal is only to earn a quick buck and we lack in passion.

[AicecreaME]

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.

These are all good advices but the demo trading thing, I disagree.

Demo trading for me is not completely the exact trading experience you would have when you trade your funds, demo trading let you win most of the time, it's like a bait for you to finally enter the trading world so depending your decision to it is kinda risky at some point, in my opinion.

The following the trend and be updated for upcoming events or news are the best to predict what's gonna happen next, but still, we shouldn't forget to put TP and SL to avoid lossing so much of our money. Newbies always want to earn so much by putting huge leverage which I don't really recommend.

[mvdheuvel1983]

This tip isn't just for beginners alone. This are tips that should be continuous for anyone. Pro traders still follow some version of this to be sure that they make money.

The thing is that you find yourself going back to it because if you do not you will pay dearly for it.

[irhact]

Sometimes the way some persons write as if they him know how it take for one fo follow there opinion. Steps are not easy to take because there will be a lot of distractions that could make us do the wrong thing.

OP is only trying to share his opinion on what he feels beginners need to know to become a successful trader from been a good price predictor. His ideas might help you or it mightn't all depends on how determined we're individually to succeed. Steps to success can't be easy, you have to fight those distraction and remain focused and discipline or you won't be successful. If success was easy then everyone would had been successful.

You mightn't follow every steps the op has written and still be successful everything depends on you. Don't give the excuse if been distracted as others that have succeed at trading also had those distraction but they choose to ignore them therefore you can do the same and be successful.

[Russlenat]

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.

There’s no such thing as perfect price predictor knowing the market is very much volatile and unpredictable. Regardless if you have high experiences in the market, price prediction is still hard to master and I think no one will come to master it as long as the market remains totally unpredictable because of its price fluctuations from time to time. Even if you follow all the factors listed by OP, being a good price predictor is still hard to expect. Just face the reality that in trading, perfect price prediction remains impossible most of the time.

[Silberman]

These are all good advices but the demo trading thing, I disagree.

Demo trading for me is not completely the exact trading experience you would have when you trade your funds, demo trading let you win most of the time, it's like a bait for you to finally enter the trading world so depending your decision to it is kinda risky at some point, in my opinion.

The following the trend and be updated for upcoming events or news are the best to predict what's gonna happen next, but still, we shouldn't forget to put TP and SL to avoid lossing so much of our money. Newbies always want to earn so much by putting huge leverage which I don't really recommend.

Some speculate that some platforms allow for the demo accounts to win more and more often as a way to try to make people to make a deposit with real money, and while this could be done by dishonest platforms, I think the real reason why people get better results when they trade with those accounts is that they feel no pressure at all when they trade, so it does not matter at all if they lose as their capital is intact, it is only when those people begin to use their money when they feel the pressure of the markets, make mistakes and then lose their money.

[o48o]

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.

I sort agree and disagree with this. Sometimes fear selling saves you lots of money. It's "system 1 thinking" and it's based on your instincts. Sometimes your instincts are right.
Sometimes they are wrong, but usually because when instincts are in conflict with the data we get, we get confused. This could lead to denial and we are afraid to make a move, like a deer frozen when it sees headlights of a car.

I more than once with several coins saw all the signals that we would be near the top, we can see those just by watching holders behavior. But i didn't sell. I sort of wanted to see how much we would fall. When we trust blindly to never ending growth, any talk of bear run at that point seems just like loonie talk. In then too, if i would have just listened to myself better, i would have seen my greed and denial, which would have been useful signals for me to sell.

[AnonBitCoiner]

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.

Knowledge about any token which is selected for investment is necessary and if some coin is selected without having knowledge of potential is very risky. There are lots of coins which become zero in price therefore always make proper decision as decision matters alot.

Remember that not all new projects are successful so always try to first know about the potential and then know about its success otherwise old coins will be best choice for investment as we have full knowledge about it and history shows that how beneficial potential it has. I don't think that investment blindly in unknown coin can make you successful because analysis is fundamental thing in crypto.

[usekevin]

Before investing your valuable money it’s better to inverse more on the background verification on the project.Some fake profile of project owner easily identify and you are from from scam.It’s essential to find the previous chart of last one month before keep of your money.Because after you invest if the bear market survived,it leads to big loss for you as compared to the random trade.When you friends suggest some thing,use their idea to analyse some things about the project.

[Silberman]

This tip isn't just for beginners alone. This are tips that should be continuous for anyone. Pro traders still follow some version of this to be sure that they make money.

The thing is that you find yourself going back to it because if you do not you will pay dearly for it.

It is true that expert traders also use the tips brought by the OP, however unlike a newbie which needs to remind themselves over and over again to use them, expert traders do so because they have become second nature for them, so they do not have to think about doing their TA, not panicking and using a stop loss as this is something they have been doing for years anyway, since they know the consequences of not following one or several of those steps can be terrible for them and their financial future.

[death69]

You've obviously spent a lot of time researching this issue, and your points are admirably thorough. But if we examine each facet carefully, we might find new information. It's important that you place so much attention on fundamental analysis. It acts as the cornerstone of comprehending the intrinsic worth of a coin. It's crucial to understand, though, that the crypto market is a fluid one. As you have noted, technical analysis (such as Moving Averages and Chart Analysis) should be used in addition to fundamental analysis.

Beginners should in fact study other people's analysis to improve their abilities. I would advise students to understand the methodology employed rather than merely copying these analyses, though. It is important to recognise the assumptions and constraints that each analytical approach brings with it.

Experience is still the best instructor, therefore the recommendation to practise with practise money is wise. But it's crucial to keep in mind that trading with real money and virtual money has quite different psychological dynamics.

Important points you made include emotion regulation and trend identification. They appear to address the psychological side of trading and technique choice, two distinct but related topics. For clarity, it is important to break these out and provide more detail.

[freedomgo]

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.

In addition to that, even if you follow all these factors, that will still not guarantee that you’ll be a good price predictor since the market alone is always unpredictable. Today, it’s price might be on a surge but the next day, suddenly all those prices have start declining. So you’ll never learn to predict the crypto prices easily. If you can’t predict them well, then just learn to adapt with the market changes. With experience, you’ll get used to it and this unpredictable market will never be an issue anymore.

[tjtonmoy]

This is a very helpful post for beginners. But I want to add some more things to this as they are important too. Be careful about the leverage you trade with. As a beginner, it is really easy to get carried away with the leverage in hopes of more profits in a short period of time. They do not realize that it also increases the risk of liquidation too.

After this, I will add risk management. Market is volatile and price moves quickly in either direction. This makes the market unpredictable and could lead to huge losses. For this reason, we need to learn risk management. This will help us to reduce the amount of losses we make. Also will help us to carry out our next trade.

Next will be: Stop holding on to one trade. If you are making a loss and the trade will make more in profits if you close it and open a new one, then close it and go for the next. But be sure that you will make a profit by analyzing.

You need to have different strategies. The crypto industry is evolving at a great pace. In order to stay in the front of the race, we need to evolve too. Having more than one strategy is always the best way to predict the market. One strategy may not work all the time. So we need more strategies. Better to mix all the strategies and come up with one that is your own. This will boost your skills.

[Silberman]

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.

In addition to that, even if you follow all these factors, that will still not guarantee that you’ll be a good price predictor since the market alone is always unpredictable. Today, it’s price might be on a surge but the next day, suddenly all those prices have start declining. So you’ll never learn to predict the crypto prices easily. If you can’t predict them well, then just learn to adapt with the market changes. With experience, you’ll get used to it and this unpredictable market will never be an issue anymore.

When it comes to trading there are no guarantees, as not only the market could make an unexpected movement out of nowhere, which was impossible to predict just watching the charts and suddenly you are holding a losing position, but we must also remember that we are not perfect either, so even if you follow a set of regulations in order to diminish the number of mistakes that you make, eventually you are still going to make them anyway, and you need to find a way to solve this once it has happened.

[CryptocurencyKing]

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.

This could be very effective as well. It's not the typical protected copy or bot trading but having to learn from what is already available. It presents you with learning from a trainer who has done his home work and that offers you some verification processes and the more you get to verify by redoing the process, the more understanding you get on trading.
Better still  this extends to failed analysis as well.

His you get the chance yo fault the process and as well credit analysis that got to make it through to protected.

[rby]

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.

This could be very effective as well. It's not the typical protected copy or bot trading but having to learn from what is already available. It presents you with learning from a trainer who has done his home work and that offers you some verification processes and the more you get to verify by redoing the process, the more understanding you get on trading.
Better still  this extends to failed analysis as well.

His you get the chance yo fault the process and as well credit analysis that got to make it through to protected.

I also agree that this method of learning from others analysis is better than the other two that is more popular and mostly done by beginners and people who doesn't know how to trade.

• Copy trading
• Trading with signals

I even consider the later more result oriented than the former. I have worked with groups that offer both. The former is so dangerous if you are unable to readjust the bot when the market conditions changes.
But a good trader after watching how the market is moving might decide not to use a particular signal at a particular time.
However, the best is to strife and know your charts, spice it with the knowledge of fundamentals, you are all good.