What's Your Advice for a Novice Crypto Trader?

[Kelly5]

As new cryptocurrency trader, you should not be in haste to jump into the frey with cryptocurrencies just yet. Take your time to learn the rudimentaries about cryptocurrency first before anything else

 

[Suba]

Right now I can't give advice on how beginners should go about learning crypto because I am also a novice but the guy putting me through the first he did was to give me material to study then I ask question I also watch videos on YouTube to get clarity on something I don't understand

Don't despair, keep learning, visit your favorite exchange and try a demo account (free), so you will understand how to trade really

 

[ahmedo24]

Every new cryptocurrency trader should endeavour learn the basics , ask questions from experts and the person should start trading with little amount and trade in bits.

 

[Josemendez]

First he should understand that cryptocurrency is very Volatile and as such he needs to be patient with crypto and also invest what he can afford to lose.

 

[Setho]

As a novice cryptotrader you should always make sure that you will devote a lot of time to learning about technical analysis before trying to make any commitment.

 

[ahmedo24]

As a novice cryptotrader you should always make sure that you will devote a lot of time to learning about technical analysis before trying to make any commitment.

Learning of the technical knowledge of cryptocurrencies trading is actually a continuous process because there are times you make wrong decision and learn from it technically.

 

[Jlife]

Any cryptocurrency that has the influence of a celebrity should be invested in with care. Because once they make their profits, they are likely to withdraw their money from the investment.

Lolz, this might actually be true but not in all cryptocurrency Elon musk is the owner of doge coin and the price of dogecoin coin has been increasing ever since he has taken over

 

[Setfragil]

Lolz, this might actually be true but not in all cryptocurrency Elon musk is the owner of doge coin and the price of dogecoin coin has been increasing ever since he has taken over

People no longer trusts Elon Musk on the promotion of cryptocurrency coin like when he started promoting dogecoin, then any tweets from him, the price dogecoin will rise within hours of his tweets on twitter.

 

[Jlife]

People no longer trusts Elon Musk on the promotion of cryptocurrency coin like when he started promoting dogecoin, then any tweets from him, the price dogecoin will rise within hours of his tweets on twitter.

I don't really know much about what he is trying to do, I still need to do a lot of research to find out if he is also a cryptocurrency trader . Because if this is so then he has enough power to manipulate the market.

 

[Setfragil]

I don't really know much about what he is trying to do, I still need to do a lot of research to find out if he is also a cryptocurrency trader . Because if this is so then he has enough power to manipulate the market.

Elon Musk is one of the whale investors in cryptocurrency coin such as bitcoin and dogecoin. He is also promoting shiba inu for people to invest in it.

 

[Jlife]

Elon Musk is one of the whale investors in cryptocurrency coin such as bitcoin and dogecoin. He is also promoting shiba inu for people to invest in it.

Lolz, that means any cryptocurrency that he is promoting ,he is also an investors In The cryptocurrency, he should be using his influence on daily basis to call out signal for people to buy and make profit.

 

[Setfragil]

Lolz, that means any cryptocurrency that he is promoting ,he is also an investors In The cryptocurrency, he should be using his influence on daily basis to call out signal for people to buy and make profit.

He is good businessman that want to make more profits for himself. He does not promote any cryptocurrency coin that he doesn't have investment in it.

 

[Jlife]

He is good businessman that want to make more profits for himself. He does not promote any cryptocurrency coin that he doesn't have investment in it.

Anywhere,upon all the money that he is making ,he is still interested in making more from cryptocurrency, he was also the reason behind a serious drop in the price of all cryptocurrency few months ago.

 

[BrolySSJ]

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 think that the best advice that i can give to anyone that is getting into cryptocurrency trading is to never trade with your emotions and to avoid panic selling, because there is much time that we panic and settle for a loss when waiting could gain you a profit.

 

[Suba]

I think that the best advice that i can give to anyone that is getting into cryptocurrency trading is to never trade with your emotions and to avoid panic selling, because there is much time that we panic and settle for a loss when waiting could gain you a profit.

I agree with your opinion but Panic and emotions are controls when trading due to lack of confidence and no experience and also lack of trading skills.

 

[Senator]

Just like someone said up there, newbies should not be I'm hast to quickly start investing their Money into cryptocurrency untill they gave fully come to appreciate and understand all that there is about cryptocurrency

 

[Dagm1]

The cryptocurency Market is actually extremely unstable as well as unforeseeable. If you are simply signing up with the crypto ball, you have to very initial gear up on your own along with the appropriate understanding on exactly how the blochchain system jobs. All of required sources are actually easily offered on the available internet.

 

[HayKay]

I'll advise any upcoming trader to first know at least to a level what the market is about. Next is you know and stick to a trading pattern, fluctuations will go against you in the long run

 

[Lens]

Most important thing for a beginner in crypto trading is to be equipped in the cryptocurrency world. He needs to learn more about the crypto market sentiment to be able to make some gains. Cryptocurrency trading is no child's game and if care is not taken, you may lose all your funds.

 

[Victorial]

Build up your education portfoli by reading and understanding what the crypto market really means. Watch videos, download materials and apply what you learn gradually.