What's Your Advice for a Novice Crypto Trader?

[Suba]

We all know, cryptocurrency trading is a high risk. Of course, before trading we must study analysis, strategy, learn demo account. but novice traders are often confused and I think they need guidance or advice, here are some advice from me:
For beginner Altcoin traders, don't trade Altcoins whose prices are too low, because the price movements will also be low (slow)
If we take Buy, it will usually take a long time to wait in line, also at the time of sale, of course it will be even longer. How is your experience trading crypto, and what is your advice for new crypto traders?

 

[GoldenLady]

For a new crypto trader, I would advise investing part of your money in coins with potential, like Bitcoin.

Then if you have any money left, use that amount to start trading gradually, or even better to get a mentor.

 

[Lyrrex]

The cryptocurency Market is very volatile and unpredictable. If you're just joining the crypto sphere, you need to first equip yourself with the right knowledge on how the blochchain network works. All needed resources are freely available on the open web.

 

[Abibatabosede]

In everything one do, you need not to rush, so my advice for a novice in the crypto trading business is not to be too forward, get a guidian and learn bit by bit then invest gradually

 

[Ralphjoe]

For a newbie cryptocurrency trader, I will first advice that he should use money that he can afford to lose to invest or trade, he shouldn't be greedy as greed makes a trader to loose in trading.

 

[Adegbindin Abdullahi]

For a novie cryptocurrency trader, I will advise that he should not use all his money to trade Incase if he lose so he will have some cash to start all over again. Get an expert crypto trader to guild you

 

[Peterlight]

My advise will be not to be in an hurry to make profit from your trade, it is best to watch the chart and keep in might how it works, and thanks to block chain, you can get to know the history and how the cryptocoin is moving every now and then.

 

[Sincerem]

I will advice the novice like me, when it comes to crypto trading or any other trading. To stay back and learn the basics and understand what it takes to succeed. Before taking the bow to kick starting his or her career. Because I know the losses I made when I was trading as a beginner.

 

[vest1992]

We all know, cryptocurrency trading is a high risk. Of course, before trading we must study analysis, strategy, learn demo account. but novice traders are often confused and I think they need guidance or advice, here are some advice from me:
For beginner Altcoin traders, don't trade Altcoins whose prices are too low, because the price movements will also be low (slow)
If we take Buy, it will usually take a long time to wait in line, also at the time of sale, of course it will be even longer. How is your experience trading crypto, and what is your advice for new crypto traders?

I don t have much experience so to speak but I took two classes on at a trading center in Brasov and one online at Udemy, they have several free courses there for traders.

 

[Lagazine]

My sincere advice to the novice in crypto world is to read more about trading cryptocurrency and look for a mentor. Cryptocurrency trading is not meant for the novice without knowledge. Every novice need to learn and be calm before doing any trade online.

 

[Trexxxy]

The crypto market is quite unpredictable, but we have people who are successful traders . My advise for new crypto trader is to learn as much as they can before diving in to the market, get themselves acquainted with the markers and indicators although that doesn't assure the sucess of the trade. Just get enough wealth of experience.

 

[Golden_ear]

I will advise them to learn from somebody that is into it before. Trading crypto involves a lot of trading patience so that ones production will go inline with price action. So as a learner I will advise them to practise very well with demo account for like six month before going into crypto trading. But for now they can only invest their coin.

 

[Kayzzy3]

We all know, cryptocurrency trading is a high risk. Of course, before trading we must study analysis, strategy, learn demo account. but novice traders are often confused and I think they need guidance or advice, here are some advice from me:
For beginner Altcoin traders, don't trade Altcoins whose prices are too low, because the price movements will also be low (slow)
If we take Buy, it will usually take a long time to wait in line, also at the time of sale, of course it will be even longer. How is your experience trading crypto, and what is your advice for new crypto traders?

My advise would be, don't put your money trading tokens that have low or zero liquidity, look at pair of coins that readily tradable, and you must look at trends and learn from already successful traders.

 

[Oscar]

For those who are new in trading, it is advisable to split your portfolio. This means that if you have $100 for instance, you could split it between different coins. And it is safer to invest in the top coins with the biggest market cap. These coins are BTC, ETH, XRP, Litecoin, chainlink, BNB. These 5 coins especially won't dissapoint you in the nearest future.

 

[Eyiteepraise]

My advice to a novice crypto trader for now is that he or she should firstly buy a crypto currency worth $10 and reserve it in his or her wallet he or she can set buying it in monthly basis. He or she should also invest the reserved coins they've been keeping in their wallets and they shouldn't also rush into new crytpos without value they should allow it to circulate for a while before going into it so as to avoid loss

 

[Nova]

I think advice is more or less like invest and stay invested. Also never rely on one coin and keep your investment into multiple coins. That seems to be one way to stay secure and safe in the odd ways for the cryptocurrency. I think novice trader needs to understand where they are going the wrong way if they do meet scams. So stay invested through diversification.

 

[Nomad]

If you have just started trading crypto currency, the only advice that I can give you do not panic when the coin starts losing value. If you panic sell, the price will go further down and there will be a market crash.

 

[Sincerem]

When I was a completely novice, I didn't rush into the market, I stayed in, to learn in order to get the needed experience go get going with Cryptocurrency.

 

[Alexandoy]

I am a novice and in fact I have yet to make my first investment in crypto coin. What's bothering me are the too many positive comments that I have been seeing in forums. It is as if the impression I get is that crypto will be the standard currency and will even replace gold for investment. Oh my, those are wild imaginations that ruins my disposition.

 

[GIFTMICHAEL]

It is not advised for novices to take into crypto trading by storm. They should relax and seek first experience from experts before going into trading of coins.