Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Rashid pk on April 05, 2018, 12:37:30 PM
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Hello!
I am just getting into cryptos and I would like to engage into trade. Therefore, wanted to ask some experienced traders for some tips on how to learn the trading process and how to start trading!
Will appreciate all the help!
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I'd start by checking out these YouTube channels, they give a good basic understanding of crypto and what to look for when investing. Plus they regularly post videos on various currencies worth looking at.
Chris Dunn
Altcoin Buzz
DataDash
TheChartGuys
Plenty more out there too, but these are good channels to kick off with.
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It's going to take time before one can really become good at it. I started following some guys on twitter as well and joined their free classes. Best one I can give you is do not let your emotions get in the way of your trading.
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You know what? By searching soundly the sites or videos about trading you will found so many helpful tips and Doe's and don't. If you didn't understand it, read and watch it again and again. There are huge guide videos about your concern. That is what I suggest make your own move.
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It so unds really generic but buy low sell high.. but most people fundamentally don't do this.. they chase green candles in parabolic runups and sell way too late when things tip over and are falling into ABC correction... if you fundamentally use this alone, you'll already be 75% there.. most TA only min/maxes off of common sense.
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1. Always have a plan.know what you’re buying and selling, how much you’re going to trade and when you’re going to trade it.
2. Manage risk-It is vital you sit down and develop a risk management strategy. This will ensure you only lose what you can afford.
3. Never stop learning.The successful trader never sits on his laurels, he’s always looking to trade smarter.Markets evolve and you need to evolve right along with them.
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if you're new trader, I think you should know what is blockchain and it technology, it's developed history so you can guess what will happen to Crypto price in the future. You also can learn Technical Analysis (TA) to choose the price to buy :).
Good luck to you :)
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Tips trading for beginners:
-Learn to be patient when prices go down
-Get as much information as possible about a potential Coin at Coinmarketcap. TOP 1-100 list is Coin that has a large community.
-When the price is cheap, you should try to buy it, because when a cheap price is always a lot of traders to buy. chances are the price will increase.
-Do not give up learning from failure.
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To begin with, engage in self-education, watch training videos on Youtube, read the literature on this topic and then just try to trade.
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A new trader must increase knowledge about what crypto is. In addition, invest according to your ability. Don't forget to set your goal to reach the target. And lastly don't panic because the crypto world is volatile and easy to change.
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Trading strategy as well as risk and capital management are very important.Start trading with small amounts to feel the whole process.
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Increase your knowledge about trading by watching videos at YouTube as those pro traders will give advise on what to do. Although it's just a small tips from them, you can polish your skills if you do the trading. Start on a small capital and observe how it go along the way. Once you find it profitable then increase your capital.