Trading Tips for newbies

[dewod_]

Being attentive and patient is my personal recommendation, which will be useful to you at first.  Attentive, because there is a lot of fraud and patient, because not everything comes to trading right away, you will have to work.

Yes,the patience is all. I think that it's also good to learn from your mistakes. That's how you can gain some experience

[Octave4]

Being attentive and patient is my personal recommendation, which will be useful to you at first.  Attentive, because there is a lot of fraud and patient, because not everything comes to trading right away, you will have to work.

Yes,the patience is all. I think that it's also good to learn from your mistakes. That's how you can gain some experience

Learning from your mistakes is so important, but first, you have to decide what amount of money you are able to lose while trading and be aware that losses are practically unavoidable. But over time you will know what should you pay attention to

[Fionn]

i think the most important tip for a newbie is to stick your stop loss. don't let emotion sweep away your capital and also, never ever be a revenge trader.

[Hobby1667]

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

Thank you for this, but I still do not know what an ICO is, can you tell me?

[SonyChristopher]

Thank you for  information, but binance.com still the best

[Hobby1667]

i think the most important tip for a newbie is to stick your stop loss. don't let emotion sweep away your capital and also, never ever be a revenge trader.

But the worst is AZART! You need to restrain yourself in any situation.

[Sue]

In my ends, the main tip for trading is always notice the trend of bitcoin. This affect significantly to the price of altcoins. And dont forget set the stop loss, it is really important.

[Cryp_keen]

Being attentive and patient is my personal recommendation, which will be useful to you at first.  Attentive, because there is a lot of fraud and patient, because not everything comes to trading right away, you will have to work.

Yes,the patience is all. I think that it's also good to learn from your mistakes. That's how you can gain some experience

That’s correct. Also rechecking the strategies and trading according to what’s happening to the trends is also very important. Can’t say anything about the markets.

[beginnertrader]

My simple advice would be to just have a clear motive entering each trade.

[Cryp_keen]

My simple advice would be to just have a clear motive entering each trade.

Right, but what if after entering that trade, markets move against you. There always have to be a plan B in store according to me.

[Bestzee]

Right, but what if after entering that trade, markets move against you. There always have to be a plan B in store according to me.

And that is where almost all of us fail. Some of us don’t even have one plan before starting to trade, forget about a plan B. 

[bits98]

Exactly, without a plan your trades are going to go nowhere. If one is looking for consistency a trading plan is mandatory.

[Istiak]

Newbies traders can use mirror trading for profit. It is not easy for a newbies trader to survive in the crypto world. Some times they put all their money in one trade that is not a good idea. Most of the newbie trader is very impatient. They want to make a lot of money very quickly. But people should look for the long run when they are trading.

[dogeatehomework333]

This is a great selection!

[Aimee]

thank you useful