What's Your Advice for a Novice Crypto Trader?

[Setfragil]

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.

You are right on the principle of cryptocurrency trading price. Any newbie cryptocurrency trader should know when to buy and when is the right time for them to sell.

 

[kayode10]

My first advice is to get a mentor that will guide you through every trade until you master it. You should only trade the amount you are willing to lose. this will prevent you from getting attached to the trade emotionally.

 

[Jlife]

You are right on the principle of cryptocurrency trading price. Any newbie cryptocurrency trader should know when to buy and when is the right time for them to sell.

The most difficult thing about cryptocurrency trading is that it is very difficult to know when a coin is moving and when it is coming down, you can buy cryptocurrency with the hope of it going up but it keep on coming down.

 

[Ub40]

Just as you have rightly sated above that crypto trading is full with a lot of risks, my advise to a novice trader will be to learn and know how the platform works first and be ready to take the risks associated with these kind of platform and to also use money he or she can afford to lose. That is my take on this. Thanks for sharing.

 

[Setfragil]

The most difficult thing about cryptocurrency trading is that it is very difficult to know when a coin is moving and when it is coming down, you can buy cryptocurrency with the hope of it going up but it keep on coming down.

Experts in cryptocurrency can decides when the prices of a cryptocurrency coin will increase or reduce in market price by following the charts which I am also learning to read it.

 

[Jlife]

Experts in cryptocurrency can decides when the prices of a cryptocurrency coin will increase or reduce in market price by following the charts which I am also learning to read it.

Well if you are learning how to read it then you should get the information from expert because they are at the position of giving you the best info and tips on how to trade and read chart.

 

[jeff87]

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.

I agree that it's hard to know at the early stage if pump and dump is going on. I have seen an example of pump and dump where the price started so very high and then the price went down very fast and it could no longer go back high.

 

[eLdavis]

I agree that it's hard to know at the early stage if pump and dump is going on. I have seen an example of pump and dump where the price started so very high and then the price went down very fast and it could no longer go back high.

I have seen such coins before, you won't be able to tell if you are investing in such coin as the price would be usually high at the beginning. It is until you have gotten into it before you know.

 

[Filicit]

As a beginner in crypto, I would say that you should start slow to learn how it works if binance is your wallet exchanger, try binance academy for all that you need

 

[Grant]

My advice is to invest small and don't go full force into it. Cryptocurrency of all kinds are unpredictable, one day they could be a rise, and the next it could be below what you invested. So there's no garauntee at the start. So take it slow. Don't rush into it.

 

[Stylex]

Write your reply... My advice on novice crypto currency trading or trader is that you need to sacrifice and invest in order to earn more than you expect
Mind you failure is a must you won't escape from falling but once you get it that is all

 

[GoldenLady]

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?

Trade with 50% of one's portfolio and invest the rest for long term. The only true thing about cryptocurrency is that long term holders of great projects are always winners

 

[Snazzy001]

they should not always be at a rush to take a decision even when they're not even sure of our right or wrong the decision might be

 

[Setfragil]

Well if you are learning how to read it then you should get the information from expert because they are at the position of giving you the best info and tips on how to trade and read chart.

It is not something that is difficult to learn. You can learn how to read cryptocurrency charts through watching videos on YouTube or downloading files on crypto charts.

 

[Chibson]

It's very important for any one who wants to venture into cryptocurrency trading to first of all, learn the basics before going into it.

 

[Hena101]

My advice to new traders is they not be be in hurry to get into the market without proper analysis of how they market will like move to avoid much losses.

 

[Setho]

Anybody that is just coming into cryptocurrency should know that sufficient knowledge about technical analysis is very important to stay in the game.

 

[Jlife]

It is not something that is difficult to learn. You can learn how to read cryptocurrency charts through watching videos on YouTube or downloading files on crypto charts.

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

 

[jeff87]

You are right on the principle of cryptocurrency trading price. Any newbie cryptocurrency trader should know when to buy and when is the right time for them to sell.

That is right. The beginners in cryptocurrency trading should know when to buy and sell the cryptocurrency. If the price of cryptocurrency is low, that is the right time to buy. When the prices of that cryptocurrency is high, that is the perfect time to sell the coins like bitcoin, etherium, etc.

 

[Suba]

I agree that it's hard to know at the early stage if pump and dump is going on. I have seen an example of pump and dump where the price started so very high and then the price went down very fast and it could no longer go back high.

Usually a pump and dump is marked by a price change of around 20% and will happen over and over again, so as small investors we have to be more vigilant about paying attention to changes in crypto prices.