Trading Tips for newbies

[Abiodun]

Here are some helpful tips to get you started

❗Where to Trade:

Binance.com
Bitfinex.com
Bitmex.com
Bittrex.com
BTC-e.com
cryptopia.co.nz
Kraken.com
Kucoin.com
Poloniex.com


❗Websites for Charting:
coinigy.com
TradingView.com

❗Training YouTube Videos:
www.youtube.com/channel/UCiMgF08KQ4z-Gnu8o2BLOxA/videos
www.youtube.com/channel/UC4gOL3aNl67bIU7U9QVrYJw/feed

so many more youtubers (suppoman trevonjames  Chris Dunn)

❗Crypto Trading Terms:
ASHDRAKED = Lost all your money
BEAR/BEARISH = Price negative
BULL/BULLISH = Price positive
DILDO = Large green or red candle
DYOR = Do Your Own Research
FOMO = Fear Of Missing Out
FUD = Fear Uncertainty & Doubt
HODL = Holding a position
JOMO = Joy Of Missing Out
LONG = Margin bull position
MOON = Price will explode up
OTC = Over The Counter
SAJ CANDLE = Huge green candle
SHORT = Margin bear position
REKT = Had a bad loss
REVERSE INDICATOR = Someone who is always wrong predicting price movements.

❗Handy Websites:
- Coinmarketcap.com
- CoinWarz.com

❗Trading Communities:
- BabyPips.com (trading training)
- BitcoinTalk.org (forum)
- @CryptoGroups (telegram)
- TradingView.com

❗Security:
- Use 2FA on all accounts
- Add pin only access to your mobile phone provider
- 2FA on all email accounts
- Enable 2FA on withdrawals & trades if possible

❗*Information: Trading on others advice is the best way to lose money, yes there are respected names in the industry but even they get it wrong. If you're new, its best to paper trade (trade without real money) if you can prove you make money consistently for 6 months, then you're ready to trade with real money. Margin trading is for people who know what they're doing, if you don't, its the quickest money you will ever lose.*

‼Warning & Disclaimer‼
- Cloud mining sites are largely scams.
- Pump & Dump groups are largely scams, especially if you have to pay to join them.
- All HYIP's & MLM's are scams, you will get banned from all groups if you are found participating or sharing HYIP/MLM links, dont make money out of scamming others, learn to trade.
- There are scammers posing as well known members on telegram private messaging people asking for money, DONT SEND!
- Dont open files posted in these groups
- Careful about clicking on 3rd party links, these can easily be malicious.

- All advice given here is to be taken at own risk, I have no affiliation with any exchange & exchanges can be hacked. If an exchange gets hacked, your funds could be lost with no recourse, so be careful.

‼ Scroll to the top‼

[greta85]

One piece of advice from my side - when you start the adventure with trading you have to remember that it's good to observe the price changes in the longer perspective. The daily changes will tell you something about the coin but not everything. I strongly recommend you to watch the video interview with Dennis O'Neil, who share his predictions and thoughts about the price of altcoins, like Futurocoin - the video is available on the Youtube profile here: www.youtube.com/channel/UCa_3dvO2UL61TE-8JY7Jm4Q

[tsakf]

There are automated trading tools for technical analysis, used for stocks trading. They can be used in cryptocurrency trading, but extra care must be taken, because cryptocurrency markets are more volatile. If you want to use technical analysis you must know about:

Moving Average
Stochastic Oscillator
Trendlines
RSI

In stock trading a moving average of 200 days, is a secure tool to find the asset trend. This enables you to get profits with a small number of transactions. I prefer this, because we humans, if we are stressed, it is easier for us to do mistakes. Always do your homework first and GOOD LUCK!

[Marcus]

Nice tips, a lot of useful info for a beginner. Thanks!

[Duavent21]

Its better to think twice when you enter the trading industries because one mistake all of your capital will lose and your interest to this work.
That my opinion.

[teamfearless]

great information which is very useful for beginner !!!

[Rituvohra01]

 Good post,Very useful information for them who wants to start trading.

[Jimmygym]

Thank you very much for providing comprehensive information in this thread. It is not only good for newbies, older investors can find something interesting here also as crypto market landscape is changing swiftly

[CryptoYears]

I can’t call myself as an expert or exactly experienced Crypto trader, but I have done general trading since last 12-13 years now. I believe there is not a huge difference, it’s just about having right strategy and method to work it out.

I do like to suggest Crypto traders something and that’s these Crypto Trading Tools, it’s all very useful and something that allows you to locate the right direction, which is often missed by people with lack of experience.

[ArturChock]

Good Tips for Newbie who understand trading. This Tips not good for people, who is Newbie of Newbie in crypto-finance world. Tou need a good mentor only! For good trading.
Good luck guys)

[Jayde]

Really appreciate about the dump and pump group cause I just joined this market and I see a lot of group that telling they will give the signal before each pump, thanks again

[dragosv32]

Why are those trading websites are so common.

[Jayde]

Thank you very much. When I joined this market for the first time, with the lacking of knowledge so I’m just fomo everything, now I understand what fomo is

[anu1980]

Why are those trading websites are so common.

Because that's the most used platform. Most newbies wouldn't know about them, or maybe they heard about them but never use it. The tips, in general is okay for newbies, though they should learn more about exchanges and stuff like that.

[Sabiduria]

Very useful information, thanks

Some more crypto terms I get to hear quite often:

FUDsters - people who spread Fear, Uncertainty and Doubt
Pump and dump - price rises fast and then crashes
ROI - Return on investment
TA - Technical Analysis