What's Your Advice for a Novice Crypto Trader?

[McIrx]

Crypto market is an highly volatile market. My advice to newbies is that they should gain extensive knowledge of the market before delving into it. Also, don't be a Jack of all trades. Find a strategy you are good at and stick to it. If you love scalping, stick to it not looking to scalp, invest, and all others at once.

 

[Solutionav]

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

You are right, cryptocurrency is not something you just jump into, because you were given little knowledge of it, take your time to learn and you can also get a mentor to tell you what to do

 

[Setfragil]

Lolz, those people that are posting those videos on YouTube are just trying to make their money when you view what they are posting, some of them are creating most of this video based on research and not that they are real cryptocurrency traders

To learn to read cryptocurrency charts doesn't necessary for the persons that upload the videos to be cryptocurrency professionals so far the videos are good enough for what it claimed to do.

 

[Hena101]

They should know that trading crypto currency is not a get rich quick scheme so there is a need for them to take time and learnt about it so that they can master it.

 

[Snazzy001]

There are people who must have studied and mastered cryptocurrency long before they came on board, my advice is that they should try to learn from these people

 

[Chizfab]

Before you trade, please and please carry out an intensive research and know the best coins to trade on. Secondly, trade with the amount you can lose without feeling it, though in trading, you don't get to lose unless you SELL. Thirdly, as an amateur, please trade in LIMIT using Binance, because it is user friendly.

 

[Jlife]

To learn to read cryptocurrency charts doesn't necessary for the persons that upload the videos to be cryptocurrency professionals so far the videos are good enough for what it claimed to do.

If a person that is teaching you something is not directly engaging in what he's teaching you, there is no need for you to take the training because they are just saying trash, what will he teach you when he doesn't participate in ?

 

[mcjerry]

For a new person going into crypto currency trading, I will advise the person should first read articles about crypto currency and how to trade with different strategies that some traders are using before going into trading

 

[Setfragil]

If a person that is teaching you something is not directly engaging in what he's teaching you, there is no need for you to take the training because they are just saying trash, what will he teach you when he doesn't participate in ?

Their are many YouTube channel that people uploads good and quality contents they have without actually been a professional. Once you preview the video to be good it will benefits a novice crypto trader.

 

[Kelly5]

If you're a newbie cryptocurrency trader, my advice for you is to never be in a rush to start trading the cryptocurrency market. You might end up loosing all your money. Take your time to understand how the market works

 

[Jlife]

Their are many YouTube channel that people uploads good and quality contents they have without actually been a professional. Once you preview the video to be good it will benefits a novice crypto trader.

One thing you have to know is that it is not likely for you to succeed by learning something from people who are not experts in that particular area, there is 90% chance that you may not succeed.

 

[GIFTMICHAEL]

The novice trader shouldn't just start asap to trade cryptocurrency he is she need expertise to get going. Crypto is not a game of luck, experience is needed..

 

[harrypaul]

Like an open market place, you cannot just jump into trading without making some enquiries and learning.
So I advise you learn from professional traders and some guru who are experienced in the market

 

[Senator]

As a newbie in the cryptocurrency trading business and environment, you should learn to always checkout how things in the market are done before Venturing into the actual trading process. Get a lot of learnings first before commiting your funds

 

[Kunkun]

When starting out there are a lot of things yo be considered, it's important to follow crypto mediums that provides the right and necessary informative materials needed to move forward

 

[Sotherefore]

As a newbie in the cryptocurrency trading business and environment, you should learn to always checkout how things in the market are done before Venturing into the actual trading process. Get a lot of learnings first before commiting your funds

Wow nice advice, but sometimes I always advise you people that are coming into cryptocurrency to avoid being greedy because that is what is causing a lot of failure in the crypto system.

 

[Bousine123]

I think you should get as much learning resource as you can in order to perfect yourself. Also draw closer to experts in the crypto world.

 

[Senator]

If you are a novice trader especially in cryptocurrency, you should not be in a hurry to invest when you see people flashing profits from certain new coins. Just take your time as much as you can to first understand how the cryptocurrency market works

 

[eLdavis]

I think you should get as much learning resource as you can in order to perfect yourself. Also draw closer to experts in the crypto world.

Thank God for the internet, there are so many free resource materials you can make use of in getting the required knowledge you need, and there are also lots of paid academy who have good coach that would put you through as well, many newbies do not want to wait and learn, they just rush in hoping to make quick money.

 

[tuna89]

The need to take time to learn and understand the trades and the markets as well, the candles are indicators they must fully understand, lastly a good study of chosen cryptos