Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Rewel89 on September 23, 2018, 05:17:28 PM
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
-
Hi and welcome..
Beginning traders should start here and work through all of these videos:
https://www.altcoinstalks.com/index.php?topic=31706.0
Some rules that I think especially will help noobs are as follows:
1) The only part of a trade you have complete control over is when you hit buy, so this is literally the most important part of any trade.. you can't just buy at any price and have faith over time that it will be okay, because it won't be. You need to be greedy with your entry into alts from bitcoin (bitcoin is the hedge to losses in altcoins, so only enter altcoins ar absolute prime opportunities).
2) Don't over trade.. don't concentrate on every little % point or sats, noobs tend to overtrade so slow it down.. Any profit on a trade is great, but don't be trying to play every 5 or 15 min candle, you will get rekt.
3) Trade in satoshi value not USD... trading in USD can give you a false sense of security in bull markets... basically everyone goes up in USD value but did your altcoins trades outdo the amount bitcoin rose is the question, and USD ignores this conversion.
4) Don't go 100% in altcoins, always have bitcoin to cost correct mistakes.. I usually always have 50% bitcoin and if i go lower than that as a % I take profits quicker to put it back in line.
5) Take profits earlier and don't trade all in or all out.. use some sort of laddering method where you're never all in or all out, playing both sides of the chart is more fun and less emotional... also don't hold to some perceived year or time in the future as when you will get rich.. This is stupid and a common mistake by noobies.. there are no guarantees in life and thinking you are just gonna hold some altcoin til 2030 and cash out is incredibly silly. Just take profits where you can, hoping that you get rich because of some wishing well mechanic isn't a strategy.
Hope these help, even if they're a little harsh, these are the most common mistakes I see in new traders.. pair these with the videos from our pinned post and then come back and ask more questions to expand on more in-depth topics. Questions are always welcome.
-
Actually trading can be done by buying at low prices and selling at high prices. But the difficulty is you have to be really selective about which coins you want. You must know a lot about the future of the coin that you will buy.
-
One way to start trading in crypto is to invest according to your capabilities. In addition, determine the goals you want to achieve and don't panic when crypto prices suddenly drop. Because when prices fall, you can also start investing.
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
And so, first of all you should understand that trading is not easy
This is not easy money, and you need to understand that this is a great job
First you have to study the systems of market perception, study the basics of technical and fundamental analysis.
After that, using the acquired knowledge, you must develop your own. strategy (system)
Remember - only the system approach allows you to make money on the market
In parallel with the creation of a trading strategy, study risk and money management, without this you have no chance
In addition to all of the above, you must be very disciplined, and clearly follow your system
And only by combining all this you will start making money, but remember, the markets are changing, do not stop in development and always look for new ways and methods
-
Trading well must understand the concept of crypto work first. You can use a bear market to buy coins. And the key to trading is knowing when to buy and sell. You can take the price difference from buying coins and selling coins.
-
To be a successful trader , you need to have at least basic knowledge about Cryptocurrency market.
You need to shun greed and also set stop loss and take profit when you see, no matter how little.
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
You just need three thing to do well in trading they are strategy, risk management and discipline. Out of the 3 the most important is risk management.
-
Buy when prices are medium, and resell prices are moderate. Why should it be like that? Because people will not use coins when they are in the process of going up or in a pump state.
-
Do you want to trade every day, I think you can see some good trading information on some videos and posts that are embedded above. What you do is,
1. Do research on the coins you want to trade, such as new coins
2. Don't panic when you see prices drop
3. take the time to see the exchange exchanges of the coins that you have.
4. Don't risk too much, if there is profit, sell and buy at a low price
5. Make sure you understand how to trade well, which is looking at trading volume before you invest in the coins you want
-
Acquire basic Cryptocurrency trading knowledge.
Do not be greedy.
Buy when others are scared.
Do not follow the crowd.
-
You have to know the project background of the coins that you want to have, trading is very easy if you understand the movement of coins in the crypto market, all you need to know is that you have to know that there will be risks in every trade, usually the coins change very quickly, buy with low prices on different exchange exchanges, use the arbitrade technique to start trading if you are a beginner
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
Very good to see this. If you want to well trade you have to select good tokens from coinmarket cap. You also have to keep your eyes on tokens which roadmap is well and market volume is also good. I suggest you short trade in this market condition. BEst of luck.
-
Buy when prices are medium, and resell prices are moderate. Why should it be like that? Because people will not use coins when they are in the process of going up or in a pump state.
Your idea seems interesting but do you have a specific guidelines that you adhere to so that you can ensure that your win ratio is definitely greater than what you might be losing.
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
To trade well can be very easy just don't let your human emotions be in charge of your trade, be like a robot and slowly tweak your trade to what you are comfortable with.
-
You can trade well by getting acquitented with the basic knowledge of how the crypto market works.
You should also do your own research about a particular coin you would want to trade.
Know the pros and cons if the business,
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
You will be. Trading is always so difficult but you can earn a lot if you learn trading well. At first as a newbie on trading you have to follow up the market and learn how to trade. Then make a note and follow a coin for a month try to apply technical analysis follow their social page if any positive news found. Start with few investment don't be frustrated either it loss. Stay tune always with the market hopefully you will learn fast and become a good trader. Thanks
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
To trade well can be very easy just don't let your human emotions be in charge of your trade, be like a robot and slowly tweak your trade to what you are comfortable with.
Saying is easy no matter what we are still human not having any emotions totally is quite impossible don't you think so? How do you really overcome this milestone that stopping you from being successful in trading.
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
To trade well can be very easy just don't let your human emotions be in charge of your trade, be like a robot and slowly tweak your trade to what you are comfortable with.
Saying is easy no matter what we are still human not having any emotions totally is quite impossible don't you think so? How do you really overcome this milestone that stopping you from being successful in trading.
Ya i know saying is easy but doing is hard especially we are humans that have feelings. What i do is i think of the market is always there doing trading without following my strategy will only destroy my portfolio, even if i win this time or next time without following my strategy i will lose back eventually on the next trade.
-
The following ways will help you trade very well,
1.Get a mentor. A mentor could be a family member, a friend, a past or current professor, co-worker, or any individual that has a fundamental understanding of the stock market. A good mentor is willing to answer questions, provide help, recommend useful resources, and keep spirits up when the market gets tough. All successful investors of the past and present have had mentors during their early days.
2.Read articles and books. Books provide a wealth of information and are inexpensive compared to the costs of classes, seminars, and educational DVDs sold across the web.
-
start trading with what is the result of your analysis and don't just follow the references of other people. To be a good trader, you must at least have experience.
-
Besides your analysis, the best traders track their trades that enables them to learn from every trade and thereby advance as a trader so they can make more money.
-
Trading requires your patient. Before it will be master you should bear in mind that practice makes perfect. Not all of the time you earn for sometimes you need to try to lose to have something to learn. Good luck
-
As a trader you want to become, you must be able to overcome panic selling, control the fear of losses, because it will always come, and also control you emotions on the wave you'll see in the market charts. If you can control these things, then you'll stay long in the crypto market.
One other thing is to watch as many videos as you can for different exchange sites, as they differ from each other with some slight differences.
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
You can select 10 to 15 best tokens from market which roadmap is good and make invest here. You have to keep your eyes in every moments and can do short trade. you must gainer. best of luck.
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
each trader has his own strategy and method of trading, but to be able to trade well, of course, requires a process and everything is not instant, of course, learning and memorizing the price of coins exchanged first, and learning to be able to predict and research first about the altcoins you want to buy, and you must be able to control your emotions and panic in trading, and you must be brave enough to be able to make decisions when you have the opportunity to buy and when to sell.
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
I am not sure but what i think is that in order to trade well you must have a plan and you will follow that plan regardless of wining or losing.
-
I really want to be able to trade well, please traders here to be able to give enlightenment to me.
Trading does not need some special education. When a person is ready to absorb the knowledge about the cryptocurrency and work for many hours per a day, he can definitely become a very good trader soon.
-
Find a good exchange that offers margin and derivatives trading such as Kraken (https://www.no links to other forums/how-do-bitcoin-stock-markets-work/#1_kraken) or BitSquare (https://www.no links to other forums/how-do-bitcoin-stock-markets-work/#3_bitsquare).
-
In my view, the first thing is to know “HOW TO TRADE”, then it’s about which option to trade through and from where to trade through. After that you could easily trade well. The important aspect is to compare crypto trading exchanges.
It is very important to select the right one, which we can help us with making better decisions ahead. I will also suggest checking Cryptocointrade, where we can compare crypto trading (https://www.cryptocointrade.com/) exchanges and get several other details, so all this allows one to trade well and confidently.
-
If you good at trading you need to well knowledge about cryptocurrencies and have patience. Because trading is the combination of pumping and dumping so if you have patience you will be good trader.
-
In order to learn how to trade well and not spend a lot of time on learning, of course, it is better to find a mentor. He will always point out shortcomings and teach you to act correctly, and you will not lose as much as if you were learning by yourself.
-
In order to learn how to trade well and not spend a lot of time on learning, of course, it is better to find a mentor. He will always point out shortcomings and teach you to act correctly, and you will not lose as much as if you were learning by yourself.
Unless you have a friends who is good at crypto and who is also willing to teach you, it's hard to find a mentor which do not require a fee. It's expensive also
-
I learned a lot of useful information thanks to the advice. But nevertheless it is necessary to trade wisely and with a cool head, otherwise you can suffer financial losses. It is necessary to monitor the market and analyze the currency in which you want to invest.
-
to be a good and skilled trader you have to learn a lot both technical analysis and foundamal
-
To trade well is not easy, it needs good understanding about trading and market. To have good understanding, we must have sufficient knowledge and experiences. We can get them from reading many sources (articles) and following discussion. And don't forget to try trading step by step, from a little capital.
-
To trade well is not easy, it needs good understanding about trading and market. To have good understanding, we must have sufficient knowledge and experiences. We can get them from reading many sources (articles) and following discussion. And don't forget to try trading step by step, from a little capital.
I will say more-no book and article without practice will not teach you to trade.You may know certain principles and laws of trade,but the inability to apply this knowledge in practice will not lead to anything.
-
You will need to have at least basic knowledge on how cryptocurrency work before venturing in.
To be successful in trading, one need to do proper findings about the particular coin one intend trading.
-
The obvious route to trading well is via planning well, executing right and of course, and good money/risk management too. But one important point that is almost not discussed is broker. We need to make sure that we have that right, and that happens with doing proper research.
However, most people have difficult time in doing it, but now anymore with FX-List, as it allows us the EASY route for brokers offering crypto trading (https://fx-list.com/crypto-forex-brokers). So, everything becomes all so simple with everything.
-
To become a good trader you only need to do everything wisely, such as choosing an exchange, the type of coin and how much of your funds will be used for trading. Besides that the most important thing is that you must be able to control yourself from emotions and panic.
-
Any suggestions for leverage trading on trading platforms like Primexbt/Bitmex?
And can someone appoint me to strategies for leverage trading or trading overall as I want to improve my trading with leverage.
-
Actually there are not too many complicated things to be a good trader, you only need to trade wisely and not be easily provoked by some FUDs and also be able to control our emotions.
-
Actually there are not too many complicated things to be a good trader, you only need to trade wisely and not be easily provoked by some FUDs and also be able to control our emotions.
Yes, it is quite true. To trade well, someone should be smart and aware of FUDs. Be wise to handle the FUDs, just focus on the target to wait for the best time to trade. But I think there are many things that we must learn to trade well. Not only about being wise and handle the FUDs correctly. A good trader must learn more about trading from many sources.
-
Greed is the main enemy of any trade. You should never wait for additional growth or fall, if the forecast does not speak convincingly about it, it is better to be safe and stop in time or enter on the existing conditions, without waiting for the ideal option.
-
Any suggestions for leverage trading on trading platforms like Primexbt/Bitmex?
And can someone appoint me to strategies for leverage trading or trading overall as I want to improve my trading with leverage.
If you do not have experience in trading on the stock exchange, I strongly recommend not using leverage. In addition, no strategy guarantees success.
-
To trade successfully, choose the right project, read the technical document, the roadmap and, most importantly, good luck without it). You also need to choose a good exchange with a good trading volume, this is the top 10 coinmarketcap.
-
I want to advise you to start when the market goes up, now it’s not clear what to expect from the market, and anything can happen.