Best trading tipes for beginners

[Sincerem]

The person who wants to trade should start with less money at the beginning, invest more money in the start and gradually increase it and then invest more so that he can get more profit and also make more money. And always invest in cryptocurrency. It is a reliable and very profitable and very good trading site.

It is advisable for the starting of any investment to start from little to build it's portfolio, empire high. Don't also start with what you can't afford to lose. With time you know that your business will rise and bring you the necessary profits you always craved for.

 

[Kamon c4]

Cryptocurrency has proven to be one of the fastest way to make money. Venturing into cryptocurrency requires you to dedicate your time and attention to learning and acquiring knowledge about all cryptos. As you’ve mentioned above, don’t put all your eggs in a basket. Don’t invest all you’ve got. Always invest what you’re ready to lose.

 

[ahmedo24]

Cryptocurrency has proven to be one of the fastest way to make money. Venturing into cryptocurrency requires you to dedicate your time and attention to learning and acquiring knowledge about all cryptos. As you’ve mentioned above, don’t put all your eggs in a basket. Don’t invest all you’ve got. Always invest what you’re ready to lose.

To an extent in Crypto currencies you can Invest what you can't afford to loose because if you invest in it and you see that the trend is not favourable you can easily swap to your local currency to have your money back safely without loosing much

 

[Tienda]

We need more topic like this to guide beginners on their cryptocurrency adventure trading. The knowledge is the most important and also we should be responsible about our decision, because if we let our emotion guiding us, I'm sure we will not do good things or decision.

 

[Lyrrex]

Ensure adequate research before picking coins
Never leave too much on exchange sites.

I would rather say do not leave a de on an exchange after trading except if the trade would remain open over the night. I recently lost $200 to Altily hack

 

[MastetG]

Ever heard of the term “hedge your bets”? That’s exactly what this trading strategy is all about.

Since bitcoin is volatile, there’s always a chance that you’ll lose money on trades in the short term. That’s why it can be a good idea to hedge your bets by opening a trade that’ll mitigate that risk.

There are a few ways to go about that.

You can short-sell, which means you sell your bitcoin with the expectation that the price will go down so you can buy it back at a lower rate. Many traders will borrow bitcoin from a broker, trade it on an exchange and then return the amount they borrowed.

 

[Ltherman]

This is clearly investing and not trading, trading any asset is a skill any one who wants to venture into that line of trade will have to learn. Your advice is spot on for investors but if you want to be a trader whether in forex, crypto or stocks then go learn the skill first before any thing else.

 

[Trojan8]

I think the best advice would be to learn your fundamentals and study them like a religion. Also when trading do away with emotions, separating emotions from facts would go a long way in making you a very successful trader in future.

 

[WhiteHouse]

Like any other beginner of any profession or trade. you need to acquire knowledge, develop a method, test it and then use it. At thhe same time have a mentor.

You need to do brutal hard work, not just hard work. Thnk that total world is againS you to grab yours money. As every body wants to take out the money from the market(in which you are part), you should develop a strategies to outsmart others.

It may take years to master the trade. Persistance to learn and practice makes winner.

 

[Niftyyem]

I would rather say do not leave a de on an exchange after trading except if the trade would remain open over the night. I recently lost $200 to Altily hack

Sorry about that. I wonder why these exchanges do not take the pain to beef up security so as to avoid hack issues. They are well aware that they are prime targets for hackers, so why not do something about it?

 

[Aniwhyte]

It is very important and necessary for one not to invest all his money on one coin, it is necessary for one not to invest what one cannot afford to loss, in other to avoid heart break and frustration. It would also do one a whole lots of good not to take loan to invest on cryptocurrency as the consequences might be very disastrous of everything doesn't goes as planned.

 

[Chumzy]

Do not stake what you cannot afford to lose. Some will say, don't even put more than 5% of your worth on an online trading. Most importantly, do not put your money in any trade until you have spent a lot of time on demo and have been deemed profitable with a consistent pattern, and not just lucky wins.

 

[Nurudeen]

As a trader in the US stock market my trading tips is just I do some solid fundamental analysis and Technical analysis before I Invest or buy a stock of a particular company. After buying it, I try as much as possible to control my greed and my emotions In the trading.

 

[Suba]

An interesting topic and will be useful for all new traders, here are my tips, Only use idle money to trade, don't borrow money, or sell anything, Learn the strategies and exchanges you choose, study demo accounts, Start trading with small amounts (minimum ), Do not be greedy and emotional, do analysis before pressing the buy and sell buttons.

 

[BrolySSJ]

Hey i wanted to create this topic and i hope it will be here for a long time so beginners and all traders can benefit from it , im inviting everyone here in the forum to share his golden tip and he personally use in trading either to profit from the market or to avoid the lose , i will start with :


-dont put all your eggs in one box .
-always invest what you are ready to lose .

Not putting all your money on a single coin is a very important tip and this is something that i have done in the past and it did not work out for me and resulted in me making massive losses. I have since learnt from that experience.

 

[Snazzy001]

For some of us who happen not to be traders will not have initiative or ideas on the best tips to becoming a good beginner in trading, but we all know you have to keep your head above water and work hard

 

[Nomad]

If you want to benefit from trading, I think you need to try your hands on low valued crypto currencies like XRP, Dogecoin or even the latest addition like Shib Coin.