Trading tips that helpfull for beginners

[Stormbreaker01]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Design making:
There are two types of designs making people first emotional than can panic and sell when the marked down. And the other one is a person that never panics and trades like a professional  according to the strategy if sees that he is going to lose he starts holding long term

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

Secure investment:
There is lot of ways to scam you need to be aware of them and make sure your account didn’t access by anyone make it secure by password, and OTP(one-time password), and never share your recovery phase with other.

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[Ojima-ojo]

Nice beginner guide and advice,  but you failed to mention an important point that can help the beginner to minimize the risk involved in trading and reducing losses which are to trade with a small amount as a beginner and not get greedy by putting in large sums of money because of the potential profits most especially in future trading which is almost same as gambling.

[Good_Doctor]

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Obviously the "point-of-copy" won't add that you don't get to learn about bitcoin market and trading by reading mere books and articles but also you should be prepared to meet new trends meaning as you go into the Bitcoin market you go with FLEXIBILITY and readiness to learn new ideas and unlearn old and stale ideas then you can be on a safer side of this market too!

[Zaguru12]

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

This is one of the biggest challenges in trading, finding the perfect exchange, the best would have been decentralized ones, but they don’t have much liquidity and also many trading features like the centralized ones. Then the centralized ones no matter how reputable they are defeats the purpose of anonymity and privacy through collection of KYC details, with also the risk of losing your funds when they get compromised.

The best way to beat this when trading on centralized exchanges would be using two or more of the top exchanges. This way one will be able diversify there funds into many different exchanges and as such minimizes the risk of closing everything when a particular exchange get compromised.

[yudi09]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
Demo account :
Trading Strategy:
Risk Tolerance :
Design making:
Reliable exchanges:
Secure investment:

For the first point, I think it's okay. Anyone needs to have knowledge before entering the trading world because with knowledge people will find what they should do to achieve goals in trading.

Are there any other tips that you didn't include?
Because in many search rooms I often find tips like this that are made for beginners.
Maybe like the level of consistency of a trader in pursuing his trading activities and risk management.
Other tips like don't trade using borrowed money.

Investments that provide a level of security IMO are in Bitcoin. Investing in Bitcoin is not a scam.

Nice beginner guide and advice, ... ...

Beginners give tips for beginners. A quote I once heard. But I am a person who sees things not from appearances.

[Hyphen(-)]

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

This is one of the biggest challenges in trading, finding the perfect exchange, the best would have been decentralized ones, but they don’t have much liquidity and also many trading features like the centralized ones. Then the centralized ones no matter how reputable they are defeats the purpose of anonymity and privacy through collection of KYC details, with also the risk of losing your funds when they get compromised.

Exactly! Additionally, the few exchanges that permit trading without KYC may offer less liquidity and inefficient trading features that a trader need, which is why most traders prefer reputed exchanges that require KYC before trading on them.

While good and reputable centralized exchanges have good trading features, KYC requirements make them a no-go option for traders that cherish their privacy due to trust issues.

The best way to beat this when trading on centralized exchanges would be using two or more of the top exchanges. This way one will be able diversify there funds into many different exchanges and as such minimizes the risk of closing everything when a particular exchange get compromised.

Can this be the possible solution?

I just feel it may minimize the risk of losing your money at once because anything can happen with centralized exchanges at any time; therefore, I will prefer to buy and hold Bitcoin for the long term rather than risk my funds on CEX.

[RewFrew]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Design making:
There are two types of designs making people first emotional than can panic and sell when the marked down. And the other one is a person that never panics and trades like a professional  according to the strategy if sees that he is going to lose he starts holding long term

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

Secure investment:
There is lot of ways to scam you need to be aware of them and make sure your account didn’t access by anyone make it secure by password, and OTP(one-time password), and never share your recovery phase with other.

Many many thanks for your instructional post for beginner. I think this instruction is very important for beginner and older. For start trading we have to know many things which you explain nicely. For start trading we have to know and Learn about cryptocurrency market,  and market strategy and it’s market where we trad and your mentioned. If beginner follow this he will be profitable from trading. Without proper knowledge shouldn’t start trading. If anyone start without proper knowledge traders will lose his valuable fund. So we have to follow this instruction to start trade.

[Text]

These are important trading tips for beginners. It's crucial to stay informed, have a strategy, choose reliable exchanges, secure investments, be wary of scams, continuously learn, stay disciplined, have patience, manage your emotions, be prepared to adapt to changing market conditions, always prioritize risk management for long-term success, and remember that trading is a journey that requires perseverance and continuous improvement. They should appreciate this advice and guidance!

[jossiel]

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Beginners won't understand this too early. What they need to have is to have more experience and gain more knowledge through it and then this will be learned.

This also includes the amount that they want to trade and to start with because not everyone starts big already and that's the entire process that a beginner should go through.

[palle11]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

This is a basis for learning how to trade. A trader should be ready to read on trading materials and that shows interest in the first place. Someone who wants to trade will be ready to make effort to sacrifice time for what he wants. While trading to trade, you will have internet, zeal and commitment. Someone who is not committed at slightest discouragement at trade will give up so it is better build your zeal from foundation because trading is not a tea party.

[Yamane_Keto]

Good advice, but why did you make it general, as it can be suitable for all types of trading and not for bitcoin trading? You can say that I recommend specific YouTube channels that talk about bitcoin trading, and the following demo accounts. I do not like those who trade according to trading signals to make trading orders. the use of OTP is from a phone other than the device you use mostly.

[Hamza2424]

Nice beginner guide and advice,  but you failed to mention an important point that can help the beginner to minimize the risk involved in trading and reducing losses which are to trade with a small amount as a beginner and not get greedy by putting in large sums of money because of the potential profits most especially in future trading which is almost same as gambling.

Hmm, your comment is also nice, I'm wondering how a newbie can invest a large amount as he is not familiar with the market by nature. Still, if the person who heard about huge gains in the crypto market can invest a lot of money in his/her stupidity in greed, No matter how much we will explain to him/her about the risks he won't understand except the 1% of the total.

Hmm for future trade I am with your view as this is the most common view so it isn't your view haha just kidding. Bu here again a person who is dreaming to make million by single trade won't understand your friendly advice still I think Op should consider risk management.

[Dr.Bitcoin_Strange]

all these are valid points to guide a beginner in trading, but the most important of all is having primary knowledge about trading, which is your first point. some newbies to trading do have some kind of thoughts about trading as something that can save them from poverty, and the only reason they could have such thoughts is when they don't really have good knowledge about trading. for someone who has no better knowledge about trading, they cannot even think of how to work on develop their own strategy; some of them will only rely mostly on copy trading, which is not a very good way of trading.

[palle11]

for someone who has no better knowledge about trading, they cannot even think of how to work on develop their own strategy; some of them will only rely mostly on copy trading, which is not a very good way of trading.

This is not a good representation of newbies. It is derogatory to say newbies can't think of how to develop their own strategy. They are new in trading and does not understand what is happening. Just like any other thing that we are trying to learn. Every newbie is a potential experienced trader if they go through the learning process, acquire knowledge and skill.

[Nrcewker]

I would say knowledge plays an important role in trading. Be it crypto, forex, or stock market trading, if you don’t have the knowledge,  you will definitely make losses. So it’s important that you be familiar with the trading terms, the basic algorithms, and have immense knowledge of the crypto space. Apart from knowledge, the most important thing is risk management. If you master the art of managing the risks, then you will definitely make good profits from trading. And when you are starting to trade, invest only the amount you can afford to lose.

[Bananington]

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

It is not a must that every trader must practice trading with demo accounts. It is just advised that you start with demo trading because of the lessons that can be learnt from it before trading really and to avoid financial lose. If a trader who is new can handle the losses financially from not trading on a demo account or not having enough patience to demo trade, then they can start trading normally and then handle the losses and struggle to beat the disappointment that comes with the failure of not having the patience to learn. It is still possible to learn through it, but it will only be if you are strong willed and financially capable.

[ZAINmalik75]

You pointed out some good tips and these will definitely help beginners but these tips looks easy to follow but only the first one of knowledge about trading is difficult for everyone. Because in order to get knowledge we have to get TA and FA knowledge and we have to remain unbaised from all types of news and fuds created in the market.

Using demo accounts is best tip and i think newbies should also read other charts too, for example many people on Tradingview share their opinions and predictions with chart analysis and if a newbie started to understand it slowly. He will be able to find his own personal trading strategy one day. And could make huge profits.

But, as i said before these tips looks easy but they are not each tip contains other sub category tips. Which is just like a tree and its branches are keep increasing.

[WatChe]

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

If you are new to trading then my only advice is do not invest all your capital initially. Rather start with small money unless yoj have enough knowledge and experience to tackle wild fire of crypto trading against your capital.
Demo accounts is good to gain experience but you get real time experience only when you put your capital on the line. Start with small money once you are done with Demo account.

[teosanru]

I think this is pretty much the primary steps that anyone has to take in order to become a trader. But these few steps have been summarised here very small. These steps will take you through a grilling journey of months or even an year or so. Most of the people will fall in between the journey and mostly will not be making anything in trading, infact juet keep on counting how much would you lose.

[Dr.Bitcoin_Strange]

for someone who has no better knowledge about trading, they cannot even think of how to work on develop their own strategy; some of them will only rely mostly on copy trading, which is not a very good way of trading.

 It is derogatory to say newbies can't think of how to develop their own strategy.

Every newbie is a potential experienced trader if they go through the learning process, acquire knowledge and skill.

No offence, mate, but read again. I said that someone (a newbie trader, perhaps) who is not knowledgeable about trading (who doesn't have the primary knowledge) would not be able to derive their own strategy. E.g; Someone who is going to the farm must go with a spade, shovel, or cutlass, so someone who wants to become a real trader would need to learn the primary knowledge about trading before they can develop their own trading strategy.
There are some by-force traders who are dealing in copy trading or using bot signals; such traders don't have their own strategy.

I agree with you on that. Sure, learning and practising makes perfect, and any newbie that is consistent in learning how to trade will definitely become successful at it, despite the fact that trading is not just what always earns traders profit all the time.