Trading strategies for beginners

[Rhapsody]

The best strategies to be a good Bitcoin trader is by getting the required knowledge about the coin and how it is traded, always trade the kind of amount that you can afford to loose. Always trading with small amounts.

Getting the required knowledge for a particular coin is the best strategy. The strategy that I use to predict the price of bitcoin, if I use it on other coin, it will not work well. So we should have only few coins to trade but not many so that we will be able to study the coin

 

[HayKay]

Bitcoin trading is the best option to take in consideration as extra income. But as beginners we should be prepared before we engage in investing our money on the cryptocurrency market. For this reason I will share with you some strategies:

1- knowledge is the power
2- Set aside funds
3- Set aside time
4- Start small
5- Cut losses with limits orders
6- Be realist about profits.​

I couldn't agree with you less, you've listed the number one criteria - knowledge. I'll like to add number 7 - never stop learning. Because of how dynamic this market is, constant information is needed. People keep staying and trading with outdated information

 

[Bookwormlux]

Most beginners come into cryptocurrencies trading with a gambling mentality and this makes it really hard for them to make money.

 

[Yusuf]

This is a very good information from you to newbies. However, I think as a newbie the best thing is just to invest in a long time asset and use other time to trade. Trading isn't that easy as people say it.

 

[Hena101]

The little i will add for beginners is please trade without greed that's the best way minimizing your funds but with greed you can easily lose your funds.

 

[Ralphjoe]

Getting the required knowledge for a particular coin is the best strategy. The strategy that I use to predict the price of bitcoin, if I use it on other coin, it will not work well. So we should have only few coins to trade but not many so that we will be able to study the coin

In my experience of trading cryptocurrency at the best strategy for a newbie to know about trading cryptocurrency is by getting good signals for acorn that will come and then before going to the tree making sure that the tree is low before it portrays the cryptocurrency and wait for him to increase in price before you convert it back to a stable coin that he or she is using to trade.

 

[Josemendez]

Nice tips but the fact remains that there is more to cryptocurrency trading that these tips. A good study and understanding of the charts is important ,also a good analysis of the project

 

[Setho]

It is very important for you as a bitcoin trader that you should have a clearly defined strategy and you should always try to stick to it no matter what.

 

[Elfinito]

As a beginner you must as well learn not to be greedy.
Greediness can cost you a lot of losses in the market because you want to get rich very fast

 

[Kelly5]

Trading strategy is something you will need to make it very well in cryptocurrency trading and investment. If you get to master the strategy you can think of, it will go a long way for you making money trading

 

[Senator]

As a beginner in the trading of either forex market or the cryptocurrencies market or even the stock market, you must not go about to borrow the capital you want to use to do your trading for any reason

 

[Kaffyfolla]

Beginner trading strategies use the simplest indicators and approaches. It's often best to start out with the basics before employing more advanced techniques.​

 

[Thinker009]

I think it's also best to build little gains at first , because little by little you would be able to make profit ,and don't be so greedy that you want to make all the gains in a day instead the person would be in loss

 

[greenie]

In addition to your listed strategies, I would advise a beginner in the market to get informed always and trade without greed. You can avoid mistakes if you follow the rules and stick with one bitcoin wallet as new trader.

 

[Dagm1]

Knowing when to purchase and sell is another crucial skill in cryptocurrency trading.
When the price of cryptocurrency is low, you should buy it and sell it when the price rises.
For example, because of the price, today would be a horrible time to buy bitcoin in bulk; it would be better to acquire it when the price drops.

 

[Shigobad2020]

Bitcoin trading is the best option to take in consideration as extra income. But as beginners we should be prepared before we engage in investing our money on the cryptocurrency market. For this reason I will share with you some strategies:

1- knowledge is the power
2- Set aside funds
3- Set aside time
4- Start small
5- Cut losses with limits orders
6- Be realist about profits.​

I don't normally trade crypto currency, I preferred saving and holding and waiting for the right time until recently. Whenever you are trading , always set aside some fund for reserve just incase.

 

[Chibson]

if you are interested in cryptocurrency trading without enough knowledge you will end up losing all your money. This is why the first thing you need to do if you want to venture into cryptocurrency as a beginner is to learn the necessary things. It is always important to take your profit whenever you are in gain.

 

[tyrim88]

That is just the whole idea about the issue of trading in cryptocurency,because there is nothing as valuable as the right orientation and then applying it correctly in line with caution and contentment.

 

[eenya00]

there are so many trading strategy out there, what works for you might not necessary work for me, but so far what has really worked well for me is the bollinger bands, it has made me to be in profit consistently and also fibonacci, though, i do not use it often.

 

[Honny143]

Present online so many institute teaching trading strategies to beginners, but all beginners not successful in trading, because they don't know exactly when stop the trade, because of their gready nature, so as a beginner first control gread and take low profits is the best strategy in my opinion.