What's Your Advice for a Novice Crypto Trader?

[Yusuf]

The best thing for a novice trader is to have a mentor for the crypto trading and keep learning more about how the market works so that he will be independent on his own

 

[Dagm1]

My advice for the novice is that if he wants to go into cryptocurrency first you should learn about it before going into it, so that him can have experience about it.

 

[BrolySSJ]

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.

I do agree with you however I think that even the experienced Traders also suffer from panicking when it comes to the cryptocurrency market because it is in a human nature to panic when you see something is not going according to the plan that you had initially set out. So I think that even an experienced Trader can make this mistake.

 

[Setfragil]

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.

No matter how rich you are, you will always wants to be richer, the reason why he keeps investing in anything that is profitable. Never trust the whale investors, they pump and dump crptos once they make profits from it.

 

[Jlife]

No matter how rich you are, you will always wants to be richer, the reason why he keeps investing in anything that is profitable. Never trust the whale investors, they pump and dump crptos once they make profits from it.

This is one of the reason I always believe that cryptocurrency sometimes can be manipulated by this set of people who invest millions and thousands of Dollars into the crypto system.

 

[Dowenship]

The best thing for a novice trader is to have a mentor for the crypto trading and keep learning more about how the market works so that he will be independent on his own

For every novice trader...i will always advise them to ensure they start their path of trading with a demo account and to trade aggressively until they get their own working method...

 

[Heatman]

Seriously when it comes to cryptocurrency investment I always advise any new person who wants to get into salt investment to always look for who will teach them everything they need to know about cryptocurrency.

 

[Setfragil]

A novice cryptocurrency trader should know the type of coin and token to buy that he will makes profit from. He shouldn't just buy any coin because people are buying it.

 

[akinlolu99]

My advice for novice crypto Traders is to first of all train his or herself to not be greedy because one of the things that kill and drain anybody not Just in crypto but in my line of work is the word greed, gamblers can give you a big explanation and experience to the word greed. As a person that once lost practically my fee's due to greed, I can tell you for sure to be wary of Greed.

 

[Jlife]

A novice cryptocurrency trader should know the type of coin and token to buy that he will makes profit from. He shouldn't just buy any coin because people are buying it.

Knowing the type of coin to buy and to invest is actually one of the most important thing, you should not go into the trading when you have not learnt what it takes to become a traders.

 

[Setfragil]

Knowing the type of coin to buy and to invest is actually one of the most important thing, you should not go into the trading when you have not learnt what it takes to become a traders.

Any newbie cryptocurrency traders that venture into cryptocurrencies trading without having the basic knowledge of what coin to buy and sell will end up losing his money.

 

[Jlife]

Any newbie cryptocurrency traders that venture into cryptocurrencies trading without having the basic knowledge of what coin to buy and sell will end up losing his money.

Yes this is very much possible in cryptocurrency but sometimes even if you are on the losing side ,holding that cryptocurrency for long time will still make it to recover your money.

 

[jeff87]

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?

For the novice cryptocurrency trader just like me I suggest that you watch a lot of video tutorials from YouTube in order to learn how to win in cryptocurrency trading. It is just free to watch from veteran cryptocurrency traders. But basically I will share with you from my own experience, cryptocurrency trading is simply buying low and selling high. The problem you will encounter then is when is the right time to buy and when is the right time to sell.

 

[ahmedo24]

When to buy and when to sell is usually the challenge but if you can study the market at Interval of time you can easily know when to buy and to sell, it is also important to buy in bits and sell in bits too.

 

[Setfragil]

This is one of the reason I always believe that cryptocurrency sometimes can be manipulated by this set of people who invest millions and thousands of Dollars into the crypto system.

It is not thst it can be manipulated, they manipulate it for their own advantage. Once they pump their money to increase the price and made profits, they will withdraw their money and the price will fall again.

 

[Dowenship]

Like seriously.... Because they said shit coins is making people rich then they start buying coins they don't know about or make research about then they incur loses... this are common mistakes of novice traders...

 

[Jlife]

It is not thst it can be manipulated, they manipulate it for their own advantage. Once they pump their money to increase the price and made profits, they will withdraw their money and the price will fall again.

Lolz, and people who bought at the top will be the one that will bear all the stress and the lost, sometimes it is not advisable for you to trade pump and dump cryptocurrency.

 

[Setfragil]

Lolz, and people who bought at the top will be the one that will bear all the stress and the lost, sometimes it is not advisable for you to trade pump and dump cryptocurrency.

Nobody wishes to trade or invest in pump and dump cryptocurrency but it is difficult to recognise pump and dump cryptocurrency at the early stage.

 

[Tracee]

The best advice to give is study more and trade less, cause alot of people tend to just want to trade without taking time out to actually learn and understand what they are going into.

 

[Jlife]

Nobody wishes to trade or invest in pump and dump cryptocurrency but it is difficult to recognise pump and dump cryptocurrency at the early stage.

You may not even be able to know but they should be guided by your own cryptocurrency principle that you should not trafe when there is a rise in the price of cryptocurrency.