Some few tips in trading.

[Sim_card]

I would like to add one more

If you are a newbie i suggest you start with a demo account to get to know the basics of the world of trading and also following and seeking mentorship from accomplished trader even if some you have to pay for but as the saying goes you use money to get money, buying their books and listening to their tutorials will we helpful

To further improve on this – if you’re trading with a demo account make sure to treat it like your real account ie try to trade with it as if you have real funds inside, because if you just use demo account and trade with the “I don’t care” nature cause you don’t have anything to lose you’ll so much loss your money when you finally switch to a real account.

Another one newbies should learn is – Control your emotions. When it comes to trading there are times when our emotions sets in, if you’re unable to control your emotions and call it a quit even if you’re losing you’ll only end up losing more.

yah so damn right because that act of newbie thinking that the cash in their demo account is not actually for them and they can use it anyhow to trade because if they lose it won't affect them that much and that is just wrong. You trying to build your portfolio in a demo account you are same time building yah self mentally. Because if you end up having that mental of trading recklessly with your demo account you may endup using same mental in your real account. To me use demo account is actually to train you on how to manage risk and your emotions self with some other stuff though. So whenever you trading with demo trade like if is your real cash

When trading with demo account is different from trading with real cash. Trading with real cash is very difficult because you are in the real market, and this is why it is good that as a newbie, you should only trade with the amount of money that you can afford to lose to have a good experience in the market. With this you can learn trading and look for the strategy that will work best for you in order to make profit. Demo account can give you false hope, and when you enter the real market things will not be the same as you are using real cash now and not something that you cannot lose.

[Cantsay]

When trading with demo account is different from trading with real cash. Trading with real cash is very difficult because you are in the real market, and this is why it is good that as a newbie, you should only trade with the amount of money that you can afford to lose to have a good experience in the market. With this you can learn trading and look for the strategy that will work best for you in order to make profit. Demo account can give you false hope, and when you enter the real market things will not be the same as you are using real cash now and not something that you cannot lose.

It’s true that both are not the same, but if you keep the mindset that you’re trading with an actual money despite being a demo account it will prepare you more than when you just log into your demo account and trade carelessly.

My suggestion would be for them to try demo account after they have gotten a hang of some basic things then they can switch to using real money but In little amount [what they can afford to lose] that way it won’t be difficult for them unlike when they just started with real cash - if they can play their cards right they should be able to do it. 

[Thyplaymaker]

I would like to add one more

If you are a newbie i suggest you start with a demo account to get to know the basics of the world of trading and also following and seeking mentorship from accomplished trader even if some you have to pay for but as the saying goes you use money to get money, buying their books and listening to their tutorials will we helpful

To further improve on this – if you’re trading with a demo account make sure to treat it like your real account ie try to trade with it as if you have real funds inside, because if you just use demo account and trade with the “I don’t care” nature cause you don’t have anything to lose you’ll so much loss your money when you finally switch to a real account.

Another one newbies should learn is – Control your emotions. When it comes to trading there are times when our emotions sets in, if you’re unable to control your emotions and call it a quit even if you’re losing you’ll only end up losing more.

yah so damn right because that act of newbie thinking that the cash in their demo account is not actually for them and they can use it anyhow to trade because if they lose it won't affect them that much and that is just wrong. You trying to build your portfolio in a demo account you are same time building yah self mentally. Because if you end up having that mental of trading recklessly with your demo account you may endup using same mental in your real account. To me use demo account is actually to train you on how to manage risk and your emotions self with some other stuff though. So whenever you trading with demo trade like if is your real cash

When trading with demo account is different from trading with real cash. Trading with real cash is very difficult because you are in the real market, and this is why it is good that as a newbie, you should only trade with the amount of money that you can afford to lose to have a good experience in the market. With this you can learn trading and look for the strategy that will work best for you in order to make profit. Demo account can give you false hope, and when you enter the real market things will not be the same as you are using real cash now and not something that you cannot lose.

trading with funds you can afford the lose is one of the best to practice when it's comes to trading. The reason sometime I do encourage demo account. It would help those who are ready to learn from their mistakes to build their principles when come to trade. Because still using money you can afford to lose in some cases ain't safe. In a scenario whereby a trader (half-size knowledge) trade would money they can afford to lose If they keep on losing those money and endup having no funds they could risk🥲. Most with good principles would stop for while and focus in learning till he have funds he could risk again but while those without such principles they would go further using money that they cannot afford to lose and they would start trading recklessly inorder to get those previous loses without learning from those mistakes. That what every tips in Trading are valuable, and please if you have good way trading that's also working fine for you could drop it here for others to learn. Beside we are here to learn from each other

[Asiska02]

2. Make sure better funds dey  available, and nah something you go fit risk to lose. Even though u go fit risk am still use 1% of the cash till your hand don strong. To avoid losing all funds

I wan emphasize more on dis your number two point the more because e get a lot to do for you in trading wey go decide how long you go stay to learn or leave the market because of too much loss. To get plenty money to put for trading make sense because e go make you fit understand the market more but e suppose be with little leverage and not plenty one, don’t be too greedy to want to make it quick.

E better make you dey sacrifice from your capital small small and dey lose am just to understand the market more than using big leverage and want to make big profits immediately. Trading na gradual process and if you wan dey run am base on luck wey you get d first time of trying and you come win, when you go lose your money all, e no go alert you.

[Thyplaymaker]

2. Make sure better funds dey  available, and nah something you go fit risk to lose. Even though u go fit risk am still use 1% of the cash till your hand don strong. To avoid losing all funds

I wan emphasize more on dis your number two point the more because e get a lot to do for you in trading wey go decide how long you go stay to learn or leave the market because of too much loss. To get plenty money to put for trading make sense because e go make you fit understand the market more but e suppose be with little leverage and not plenty one, don’t be too greedy to want to make it quick.

E better make you dey sacrifice from your capital small small and dey lose am just to understand the market more than using big leverage and want to make big profits immediately. Trading na gradual process and if you wan dey run am base on luck wey you get d first time of trying and you come win, when you go lose your money all, e no go alert you.

nice... That greed for trading seff nah big challenge to both new and old traders. If you let your greed get the nest of you , that when reckless uses of leverages begins inrder to make it quick with trading expecially thoae newbies with the mindset say trading nah get Rich quick scheme. The truth be say trading nau gradual process wey go take time for one to master it.

[DaNNy001]

nice... That greed for trading seff nah big challenge to both new and old traders. If you let your greed get the nest of you , that when reckless uses of leverages begins inrder to make it quick with trading expecially thoae newbies with the mindset say trading nah get Rich quick scheme. The truth be say trading nau gradual process wey go take time for one to master it.

See this trading matter of a thing, na really something everyone wey no get patient gats learn, because I know watin e cost me that time wey I been dey involve myself in trading. The matter be say no be only greed sef fit make you lose money, trading itself na something way requires patient and when you no get am my brother be sure say you fit lose lots of cash too but I understand the greed factor too as na him be one of the major reason wey people dey regret their actions sometimes when trading.

[FOKA33]

Ma people I greet oh!
Just say make I drop some tips make I still they use in trading. If you follow this tips might fit help you to reduce losses. The following tips are:

1.Before you start make sure say you don first do your own personal research about trading.

2. Make sure better funds dey  available, and nah something you go fit risk to lose. Even though u go fit risk am still use 1% of the cash till your hand don strong. To avoid losing all funds

3. Ehn ehn nor be everytime you go dey trade oh try dey discipline your self. Before u jump enter any market first read the coin o because some times news dey affect market (market sentiment)

4.Anytime you dey in good profit nor let greed get best of u quickly sell 50% first to be in a safer side. And nor dey let your stop loss dey pass almost --20% of your funds you traded at that moment

5.  dem nor they learn trading finish so focus more on gathering good knowledge too.


Wish you'll the best.

As the name implies trading, the amount you can afford to loose when trading it isn't a quick rich scheme u must have learned how a manage risk i.e risk management.
FUD/fear, uncertainty and death as newbies and some traders have failed themselves while trading because of greediness.
Anxiety when placing trading, not observing the history of the trade before placing it.
Learn from YouTube or join some trading classes before oneself.
Don't use money for rent or school fees to trade think the outcome would be successful. Because the trade might go against you.

[Gideon99]

Ma people I greet oh!
Just say make I drop some tips make I still they use in trading. If you follow this tips might fit help you to reduce losses. The following tips are:

1.Before you start make sure say you don first do your own personal research about trading.

2. Make sure better funds dey  available, and nah something you go fit risk to lose. Even though u go fit risk am still use 1% of the cash till your hand don strong. To avoid losing all funds

3. Ehn ehn nor be everytime you go dey trade oh try dey discipline your self. Before u jump enter any market first read the coin o because some times news dey affect market (market sentiment)

4.Anytime you dey in good profit nor let greed get best of u quickly sell 50% first to be in a safer side. And nor dey let your stop loss dey pass almost --20% of your funds you traded at that moment

5.  dem nor they learn trading finish so focus more on gathering good knowledge too.


Wish you'll the best.

Well before getting involved in crypto trading first do your research make sure to learn and understand the market analysis and price before trading make sure the money you are starting with is something you can afford to loss, and please don't trade with a borrowed money order for you not to get heart break. Abeg try dey understand the tips and the process when involved go google do research about the trading and about the particular cryptocurrency you are trading.

[Cantsay]

Don't use money for rent or school fees to trade think the outcome would be successful. Because the trade might go against you.

Anyone who tries this should be ready for an early heart attack.

Even if nah money wey you fit afford to lose you use take trade, he still dey pain man small not to talk of the one wey he be say nah another thing you suppose take am do.

But the fact still remains that all traders but newbies and professionals already knows about this, because during their learning process they must have come across this warning - the only problem is that some of them just don`t like listening to advice, they think they`ll be able to get away with it if they just try it that one time.

[FOKA33]

Ma people I greet oh!
Just say make I drop some tips make I still they use in trading. If you follow this tips might fit help you to reduce losses. The following tips are:

1.Before you start make sure say you don first do your own personal research about trading.

2. Make sure better funds dey  available, and nah something you go fit risk to lose. Even though u go fit risk am still use 1% of the cash till your hand don strong. To avoid losing all funds

3. Ehn ehn nor be everytime you go dey trade oh try dey discipline your self. Before u jump enter any market first read the coin o because some times news dey affect market (market sentiment)

4.Anytime you dey in good profit nor let greed get best of u quickly sell 50% first to be in a safer side. And nor dey let your stop loss dey pass almost --20% of your funds you traded at that moment

5.  dem nor they learn trading finish so focus more on gathering good knowledge too.


Wish you'll the best.

Yes gathering more knowledge, a teacher want to know more about trading, the ones wey u know no person fit still teach you, there's no seniority in trading, be patience when trading, learn about risk management.

[Agbe]

Op I will not take any of those things as tips. Those are not even guidelines and they are just mere statements. And when we talk about tips, you tell di people how to trade in the platform that you no go lose money. Having good amount of money to trade is not tip. I can start a trade with 10 dollars and make am to big amount if I adey good in trading. I think say you want give people how to trade and you dey refer people to go and do some research before trading. Op if you want to tell people how to trade. You have to start from the entry point and profit point. Then how to read the candle sticks and not what you are saying here. You are not giving any tips here.

[Emmanuel1]

A few days ago, I came across a follower who said that trading can actually make traders millionaires in a short period of time.

Talking about being a millionaire within a short time in trading I don't believe in that,I don't agree on that even the experience trader will tell you that trading is a gradual process, trading is a skill that you need to get new knowledge almost everyday in trading you need to gather enough knowledge to trade and the knowledge is on ending, I have not seen or even heard of anyone who became a millionaire within a short period in trading.
Trading doesn't work like that is a process to become a millionaire trading.

[Cantsay]

A few days ago, I came across a follower who said that trading can actually make traders millionaires in a short period of time.

Talking about being a millionaire within a short time in trading I don't believe in that,I don't agree on that even the experience trader will tell you that trading is a gradual process, trading is a skill that you need to get new knowledge almost everyday in trading you need to gather enough knowledge to trade and the knowledge is on ending, I have not seen or even heard of anyone who became a millionaire within a short period in trading.
Trading doesn't work like that is a process to become a millionaire trading.

All those talk about being rich in a short period of time if one starts trading is only a means to try to make newbies buy their course or register in their so called signal groups.

No legit or professional trader will ever tell you that “trading is easy” all you’ll get from them is that you need dedication to be able to trade well and that you should get rid of the “get rich” mindset if you want to succeed in this field.

[Dr.Bitcoin_Strange]

All those talk about being rich in a short period of time if one starts trading is only a means to try to make newbies buy their course or register in their so called signal groups.

No legit or professional trader will ever tell you that “trading is easy” all you’ll get from them is that you need dedication to be able to trade well and that you should get rid of the “get rich” mindset if you want to succeed in this field.

Yes, i have talked about this aspect too so many times with some friends both offline and online on BTT. Some Influencer on the internet pretend to be trading experts and they share fake trading signal and also as newbies to subscribe to their VIP channel before they can get best trading signals but all that are just a plot to steal money from victims. Some influencers are even rich because of the traffic they get on their channel and not because they are real traders.

[Rex067]

Ma people I greet oh!
Just say make I drop some tips make I still they use in trading. If you follow this tips might fit help you to reduce losses. The following tips are:

1.Before you start make sure say you don first do your own personal research about trading.

2. Make sure better funds dey  available, and nah something you go fit risk to lose. Even though u go fit risk am still use 1% of the cash till your hand don strong. To avoid losing all funds

3. Ehn ehn nor be everytime you go dey trade oh try dey discipline your self. Before u jump enter any market first read the coin o because some times news dey affect market (market sentiment)

4.Anytime you dey in good profit nor let greed get best of u quickly sell 50% first to be in a safer side. And nor dey let your stop loss dey pass almost --20% of your funds you traded at that moment

5.  dem nor they learn trading finish so focus more on gathering good knowledge too.


Wish you'll the best.

My advise to those coming up on cryptocurrency trading don't just finished from demo and say u are perfect to trade real life you will only end up a mess and losing all your money, the best thing for you to do is to make  ur research and have  knowledge about the particular exchange you are using . Check trading from expert trader's and check the tips also and use money u can afford to lose.