Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: jackky on October 13, 2018, 12:52:06 PM
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I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
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You don't know very much yet.What is written in books is not a guide to action.There is no single template or scheme by which you can accurately trade.Now the market is trading a huge number of bots, trading algorithms are constantly changing and you need to adapt to these changes are Important experience and practice.
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Crypto trading sounds simple. Even if you don't have knowledge about it, your potential failure will be very large. But one key that you must know in crypto trading, you must know when to buy and sell coins for profit. Don't run when a downtrend occurs because you can use the downtrend to pick up coins.
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Maybe you know enough already but you are not applying what you know properly. It is one thing to read the strategies and another thing to actually use them.
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Do not invest more than you cannot afford to lose. If you fail re-strategize, be focus, read a lot, have a passion for it and you will pick up. It is not easy but with determination, you can make it too.
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I agree-trade is not a game. People who do not want to delve and develop-they have no place in trade.Those who want to get rich and quickly on the cryptocurrency-also should not trade.You must understand.
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Before starting trading, people should be knowledgeable about what trading is. Many people who join because they want to get a profit. But when the market goes down quickly, they leave the room by selling coins they have.
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I think, to be successful in trading, you must be patient with market conditions and control your emotions, keep practicing because actually experience is the best teacher
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The best way to minimize trading failures is to know how cryptocurrency works. You can take the opportunity when the downtrend is to buy, and hold it if the coin you have is down in value. If the market has gone up, you can sell your coins for profit.
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Trading is not as easy as it looks, you need to analyze more about the coin that you are following in order to make a good entry and exit. I also failed in trading and waiting for the coins to get back on their highest price.
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There is something I don’t know? Please tell me more.
Actually, you do not need us to give you more advice. You already heard what you need to do (see below)
I have heard some experienced trader said that I should learn and read more before start, and also get some experience.
But your problem is this (see below)
I tried one but I falied.
So what do you need to do now?
I should learn and read more before start, and also get some experience.
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I think the risk we take when we expect greater profits, when we trade we have a lot of insight into coins and see the news that appears, whether it is good or not.
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I also lost my funds many times during trading.Sooner or later it happens to everyone-someone it happens more often at someone less often and it is at these moments that we test ourselves and learn our capabilities. A good trader is distinguished from a bad one only by experience.
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You are not the only person who failed in trading, need to remember failure is a delay of success so don't make one failure makes you give up if trading is indeed a world that you really like. Ask for advice from people who are experienced in trading, don't be afraid and ashamed to ask cause many of them are very friendly and ready to help and the most important is "don't invest more than you cannot afford to lose"
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trading requires skills and tries and keeps trying because even a professional trader has the probability of failing in trading because there is no way we will continue to profit and surely the loss will come even though only once
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What you need to know is: being new in trading is almost always a failure. You don't expect to make money as a trading beginner anyway. You trade as a beginner to gain knowledge and experience, so as you learn, you hopefully gain enough experience and knowledge to actually make a profit in the future.
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Watch the market, see what happens when... Also learn technical analysis videos on youtube and learn how to use RSI, MACD, Moving average etc.
You will at least feel what to do. But actually no one can know.
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I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
Maybe we will learned a lot about trading and might mastered it but still it is not an assurance that we will be going to success as trading and investing in Crypto currency is very risky as the price is really unpredictable. Guides and skills will just lessen our chances of lossing but it will not guarantee that we will be always be successful during the trade so apply patience as patience is a virtue.
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No trader trades without losses.The ratio of successful to unsuccessful trades is important. In the long run, it is important to have a good profit .This is important.
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Do not be afraid to ask and learn to find more knowledgeable. Learn about our trading position so that all that is here is also safe. May of the mistakes made, we can and learn from the mistakes that have been done so we get a much profit.
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Do not be afraid to ask and learn to find more knowledgeable. Learn about our trading position so that all that is here is also safe. May of the mistakes made, we can and learn from the mistakes that have been done so we get a much profit.
yes, when we don't know we can ask here, and we will get answers to what we ask, so don't be easily discouraged in our failure because we have made mistakes, and we must be able to learn from our mistakes & don't let us repeat it several times, so be patient and control our emotions when trading.
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What you need to know is: being new in trading is almost always a failure. You don't expect to make money as a trading beginner anyway. You trade as a beginner to gain knowledge and experience, so as you learn, you hopefully gain enough experience and knowledge to actually make a profit in the future.
That's true...experience will mold our skills and knowledge into a better individual. We should invest first on our knowledge before we think on our profits.
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all experienced traders also experience the same thing but they have the key and the confidence and knowledge they have to trade, the good news will also make the coin go up,
keep learning and never give up. certainly successful.
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There are many factors that affect the price formation in the market, so it is not possible to succeed in each trade. But patience and experience are of very key importance when it comes to trading. We must constantly improve our own abilities.
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Hi mate, I'm just 1 year of learning to trade in crypto, coin movement is hard to guess if you want to start investing, look at the market volume on new coins, look here
- https://coinmarketcap.com/new/
- https://coinmarketcap.com/charts/
- https://www.arbitrage.expert/
I'm sure you can start trading with good profits today
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Have you ever think about cryptocurrency arbitrage?? It seems more likely risk-free and gives many opportunities to make a decent profit, even daily.. what you think?
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Hi mate, I'm just 1 year of learning to trade in crypto, coin movement is hard to guess if you want to start investing, look at the market volume on new coins, look here
- https://coinmarketcap.com/new/
- https://coinmarketcap.com/charts/
- https://www.arbitrage.expert/
I'm sure you can start trading with good profits today
Apart from the above, visit this thread as a basis for trading, maybe it can help and improve our trading strategy
https://www.altcoinstalks.com/index.php?topic=69322.0
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failure at the start is indeed a natural thing, so I suggest that when you just start you should not use large funds. Continue your trade with the results of your research. The more often you try it, the more you will be able to choose the right situation to generate profits in trading.
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I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
Hi!
I think you dont know about trading signals?... Maybe you should check out www.cryptocointraders.org (http://www.cryptocointraders.org). They got a list of trading signals wich provides nice information about when you should buy or sell a coin. Maybe something for you?
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everything starts from the beginning, you are great at having friends who can tell you, I started everything from the beginning and no one taught me, by looking at the tutorial and seeing post replies like your statement, I finally got to trade properly, trading will experience profit and loss, it is trade
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There is no article that you will read about trading that is not useful, but, the question now is, Have you tried practicing it? If yes, and its not going well, that means you have not actually used procedure the right way. Practice will make you better than the way it is now. Try it again, but now n another way
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I am very happy to trade with new coins, do research by looking at the whitepaper and the project team so that you can get a good project to invest, make sure you choose coins listed in the coinmarketcap
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In fact, it is very scary to start, but over time you will join. The main thing is to constantly improve your knowledge and follow the news. There is no end point.
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it is difficult for beginners to know the chosen coin as an investment, I have a very difficult experience to tell, in the end if you start trading you must be sure and luck is a factor that you need
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Now what coin do not choose-until the market situation does not change,we will not see the profit for a long time.As for trade-here you need a lot to understand the topic and practice.
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I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
You have not fail maybe you are somewhere there but just haven't reach the peak yet the key here is to persevere what i suggest is that you can keep a log book or something to record down trades that you make either win or loss and use that as a reference for your new trades. Don't give up is the key to success.
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knowledge comes with experience
if it were easy everyone would be engaged in trade and nobody would work
now only the most experienced earn
try to learn from your mistakes
and know that every mistake brings you closer to your intended goal
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knowledge comes with experience
if it were easy everyone would be engaged in trade and nobody would work
now only the most experienced earn
try to learn from your mistakes
and know that every mistake brings you closer to your intended goal
I completely agree! Initially, everything looks easy and easy. But when you start doing this you understand that it is not easy. In general, statistics on Forex say that only 5% of traders are successful. I don’t know how applicable it is to crypto-trading.
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It's ok when you just started and "fail". Try again, good trading starts from knowledge. From my point of view the the key to successful trading is the ability to correctly identify the direction of the trend. Regardless of the situation on the market, the stockbroker should first determine the trend, and only then go deep into the analysis of the instrument of interest.
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Learn from mistakes.Better of course not on their.Here in addition to knowledge.Which are definitely needed.We need luck.I don't know how to catch her.
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I think there is no single trader whose all transactions are successful
if you are just at the beginning of your trading journey then it is quite normal
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No need to regret. It's a normal thing. I guess many traders also did the same thing at the beginning. You just need to learn from the mistake and get more sources to learn.
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Good luck to you, friend.
Most of traders had difficulties, lost money in crypto winter, and so have investors, it is a big sadness for the whole crypto community. Currently the cows are running, hoping you can regain what you have lost, with all the experience and caution you have accumulated.
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I want to tell the author that everyone who is engaged in trade
when that failed, and this is quite normal especially when it comes to cryptocurrency
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I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.
I think your shortcomings are experience, because if you already have a lot of experience then you will know everything so just go ahead and don't easily give up maybe your failure now is the beginning of success in the future.
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It's okay, failing is the best part of the learning process because this is where you get the experience that will teach you to improvement of how you do trading, just fail and then rise again better than the past
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everything starts from the beginning, you are great at having friends who can tell you, I started everything from the beginning and no one taught me, by looking at the tutorial and seeing post replies like your statement, I finally got to trade properly, trading will experience profit and loss, it is trade
A very good point there. You must have to start from the beginning, reading of articles about trading, asking questions and watching of some tutorial videos, will be of a very great use. The best of it all is to practice it with the lowest price you know will not affect your emotions financially. Always start with a small capital, then you upgrade.
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everything starts from the beginning, you are great at having friends who can tell you, I started everything from the beginning and no one taught me, by looking at the tutorial and seeing post replies like your statement, I finally got to trade properly, trading will experience profit and loss, it is trade
A very good point there. You must have to start from the beginning, reading of articles about trading, asking questions and watching of some tutorial videos, will be of a very great use. The best of it all is to practice it with the lowest price you know will not affect your emotions financially. Always start with a small capital, then you upgrade.
I agree with you, Crypto trading makes everyone expect profits, I think all traders will experience the same thing namely loss and everything will be fine when you start early and be more careful in choosing altcoins to trade
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I think the simplest reason behind people failing or struggling with making money through Crypto trading is lack of strategy and planning. And often when there is planning, there is nothing convincing about it. It’s not just about planning but it’s more to do with doing it in a proper way to benefit.
I am no expert, which is where I ensure I take all the help available. There are so many ways you can help yourself. I would suggest some Telegram groups for it. One group that I have recently joined is Crypto Sharks (https://t.me/cryptosharks1), they got FREE SIGNALS, which are weighted in gold! So there is so much like this to try for one just need to use common sense.
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it is very simple. go back to your drawing board. start afresh or continue with where you stopped, with fore learning. even professionals learn base on the market movement. also learn from your mistakes. you don't need consider your self as a failure and avoid learning.
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yes I think trading also has a good strategy and also has knowledge in trading, I believe that trading is also a good way to generate profits in the future
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My good crypto trade is also a good way to make a profit, if for you before you trade, I think you can also understand what a good way to trade, so I'm sure you will also be easier to make a profit.
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Many make mistakes, unfortunately I can’t help you, but I believe that you will succeed!
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yeaa true! You will rise only when you’ll fall. This is how you will learn from your mistakes. Just work hard and be patient and i’m sure you will do good.
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Reading alone without experiencing it first hand will be difficult, be happy that you already experience trading tho you fail, this will encourage more to learn, now that reading strategies in trading will be much more easier for you to understand so, keep learning and keep earning you can do that! :)
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It is hard to move in big water of cryptocurrencies. Great to have this forum and mentors who wants to pass the expertise for newbies also for another expert. I found an interesting AskTraders platform with many interesting predictions and forecasts. Failing is still ok only if you can learn lesson on it.
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I think the simplest reason behind people failing or struggling with making money through Crypto trading is lack of strategy and planning.
Yes, one of the main reasons is not having the right strategy or planning. However, there is another big reason why they failed, it is about their knowledge in crypto market. Knowing well about the characteristic of crypto market is also important to make us understand when to buy and when to trade.
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Been trading using the bollinger and been pretty consistant but only doing buys then sell in profit and wait till it touches or goes a lil past the lower band and not being too greedy taking average 20% profit and short stop loss. Slow and steady
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Calm down and try again. It's worth it, but you need to be focused and give yourself some time. Learn from your mistakes, it's sooo important! Moreover, it's good to find a proper exchange. If you are the beginner and you want to start again,check out CoinDeal (https://coindeal.com/), it's great for newbies.