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Trading tips for newbies

Wed Oct 05, 2016 5:27 pm

Hello guys this is my suggestion for newbie who wants to trade, I'm not an expert but hope this would help you

1. Find a known and good reputation exchange. Example: Poloniex at Bittrex. Why?
A. There are many exchange sites that has many pump & dump coins
B. These kind of exchange have a high standard of accepting coins
C. They have huge volume so trades are moving constantly
2. Find and search about the coin you want to buy. Example: bitcoin, ltc, eth, etc.
A. Pick old coins that still exists and active to date
B. High Market Capitalization
C. High Volume in exchange
D. Original concepts and active developers
3. Do not buy at the peak price
A. Check the daily or weekly details of its high and low trades
B. Now the saying "Buy low and Sell High" will took place
C. If possible, buy while it still have negative change status if you know the trending will go up
4. Try not to invest in one coin
A. You need to have alternative coin in trading so that your investment will not be stucked while waiting for uptrend
5. Do not be swayed easily by trolls
A. Do Your Own Research (DYOR)


Happy Trading ;)
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Re: Trading tips for newbies

Thu Oct 06, 2016 12:09 am

Your tips are very helpful for newbies/beginners
and don't forget to start trading do not used a lot of amount or you can't afford to lose it
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Re: Trading tips for newbies

Thu Oct 06, 2016 8:19 pm

Very helpful, thanks for the tips you provide, and already I have applied previously. :)

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Re: Trading tips for newbies

Thu Oct 06, 2016 11:26 pm

fine pointers there RonCar.

My 2 pennies :idea:
Pick out multiple markets and read about arbitrage here

A micro and quick intro,
An arbitrageur would short sell the higher priced stock and buy the lower priced one. The profit is the spread between the two assets.

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Re: Trading tips for newbies

Wed Oct 12, 2016 5:05 pm

fine pointers there RonCar.

My 2 pennies :idea:
Pick out multiple markets and read about arbitrage here

A micro and quick intro,
An arbitrageur would short sell the higher priced stock and buy the lower priced one. The profit is the spread between the two assets.

Thanks the site is very informative, I also tried using arbitrage when I am new. However, I later knew that it would not be advisable for those who have small funds to use this method as it will give you more losses than profit because of the deposit fees in exchanges.
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Re: Trading tips for newbies

Thu Oct 13, 2016 12:54 pm

okay look pretty good and it's good novice can analyze before they trade
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Re: Trading tips for newbies

Thu Oct 13, 2016 5:26 pm

Never store all your money on one exchange either. Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.

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Re: Trading tips for newbies

Thu Oct 13, 2016 7:46 pm

it will give you more losses than profit because of the deposit fees in exchanges.
If you fund the exchange with btc almost non deposit fees will be charged. Most off the times a btc redraw wont cost much either. Fiat fundings/redraws could be indeed tuff.
Small depends on your defenition., The minimal trading amounts would be more interesting to know if you want to trade on low amounts.

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Re: Trading tips for newbies

Fri Oct 14, 2016 7:27 am

Never store all your money on one exchange either. Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.
Yes this is a good tip for all as we cannot say when will exchanges be compromised. If possible, large amounts should be returned to own wallet after using exchanges.
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Re: Trading tips for newbies

Fri Oct 14, 2016 1:32 pm

Never store all your money on one exchange either. Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.
Yes this is a good tip for all as we cannot say when will exchanges be compromised. If possible, large amounts should be returned to own wallet after using exchanges.
This is actually my habit, after gaining a large amount of trading or shall we say have big profits i directly withdraw it on my own wallet and dont tend to put all on exchanger wallet. Its better to be cautious to our bitcoins.
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Re: Trading tips for newbies

Mon Oct 17, 2016 11:35 am

I think the need to add some video for an explanation, probably will look attractive and cool
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Re: Trading tips for newbies

Thu Oct 20, 2016 6:35 am

I think the need to add some video for an explanation, probably will look attractive and cool
That would be cool but I dont have video editing skills, that would encourage more users so that they would not be dismayed after being scammed by so many p&d altcoins and exchanges
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Re: Trading tips for newbies

Thu Oct 20, 2016 8:21 am

Your last point is very important:

5. Do not be swayed easily by trolls
A. Do Your Own Research (DYOR)

There are a lot of people promoting pumps and dumps in many places, Reddit, Skype, Telegram, Slack, Forums, etc...
Do never listen to any of them, if they are pumping is because they want to eventually sell and you'll be left bagholding if you don't get out on time.
If they are promoting a dump is because they want to buy coins cheaper so they hope people will sell their positions to then pump it back up and profit. You will lose an opportunity in that case.

If you really want to trade don't just go by what people says. Learn how to read charts and how they work. Professional traders have spent years studying and learning and observing market dynamics and trends. If you are not good at it then stay out of it.

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Re: Trading tips for newbies

Thu Oct 20, 2016 8:52 am

Your last point is very important:

5. Do not be swayed easily by trolls
A. Do Your Own Research (DYOR)

There are a lot of people promoting pumps and dumps in many places, Reddit, Skype, Telegram, Slack, Forums, etc...
Do never listen to any of them, if they are pumping is because they want to eventually sell and you'll be left bagholding if you don't get out on time.
If they are promoting a dump is because they want to buy coins cheaper so they hope people will sell their positions to then pump it back up and profit. You will lose an opportunity in that case.

If you really want to trade don't just go by what people says. Learn how to read charts and how they work. Professional traders have spent years studying and learning and observing market dynamics and trends. If you are not good at it then stay out of it.
Agree, these options are the major things that you must implement it to your self when you engage into trading especially when you are a newbie , dont listen on others recommendations or hypes.
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Re: Trading tips for newbies

Thu Oct 20, 2016 8:59 am

Never store all your money on one exchange either. Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.
This. very important. just like what happened to bitfinex

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Re: Trading tips for newbies

Thu Oct 20, 2016 10:43 am

I'd say do your own research is one of the most important tips you can give to someone when it comes to investing. Just investing blindly or by following others is always dangerous.

Good guide, hopefully you'll reach some people.

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Re: Trading tips for newbies

Thu Oct 20, 2016 4:25 pm

Thanks for all the comments, I agree that doing research is most important practice every investor should do as I have been a victim by other pump and dump altcoins in my early stage of learning cryptocurrency, and that exchange is very well known of having so much trolls too..
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Re: Trading tips for newbies

Thu Oct 20, 2016 6:48 pm

Thanks for all the comments, I agree that doing research is most important practice every investor should do as I have been a victim by other pump and dump altcoins in my early stage of learning cryptocurrency, and that exchange is very well known of having so much trolls too..
yeah a lot to learn to be better at least to share here for novice people who jump into trading site, it is important to note that the experience is a good teacher, cheers
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Re: Trading tips for newbies

Fri Oct 28, 2016 9:36 pm

Good post . But need one more post for newbies :? .After read this post you need to search for "Full Bitcoin trading guide" . You can get a good post on trading here:http://coinduet.com/index.php?p=/discus ... ding-guide or search on google.

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Re: Trading tips for newbies

Sun Oct 30, 2016 12:57 am

Good post . But need one more post for newbies :? .After read this post you need to search for "Full Bitcoin trading guide" . You can get a good post on trading here:http://coinduet.com/index.php?p=/discus ... ding-guide or search on google.
1 btc per week ? it seem so hard to get it at yobit
volume trading on yobit is not much, Maybe poloniex is possible to get it
but you need a lot of capital to trading and must have a skill to do that.
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Re: Trading tips for newbies

Tue Jan 31, 2017 11:10 am

Hello guys this is my suggestion for newbie who wants to trade, I'm not an expert but hope this would help you

1. Find a known and good reputation exchange. Example: Poloniex at Bittrex. Why?
A. There are many exchange sites that has many pump & dump coins
B. These kind of exchange have a high standard of accepting coins
C. They have huge volume so trades are moving constantly
2. Find and search about the coin you want to buy. Example: bitcoin, ltc, eth, etc.
A. Pick old coins that still exists and active to date
B. High Market Capitalization
C. High Volume in exchange
D. Original concepts and active developers
3. Do not buy at the peak price
A. Check the daily or weekly details of its high and low trades
B. Now the saying "Buy low and Sell High" will took place
C. If possible, buy while it still have negative change status if you know the trending will go up
4. Try not to invest in one coin
A. You need to have alternative coin in trading so that your investment will not be stucked while waiting for uptrend
5. Do not be swayed easily by trolls
A. Do Your Own Research (DYOR)


Happy Trading ;)
Thanks, it really help for newbie

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Re: Trading tips for newbies

Thu Mar 02, 2017 12:47 pm

ok thank you for info

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Re: Trading tips for newbies

Wed Mar 08, 2017 4:43 am

thanks for the tips very useful appreciate thanks so much

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Re: Trading tips for newbies

Mon May 29, 2017 10:51 pm

Hi, I think that basic knowledge of forex trading is the must for all the newbie or Fresher in Trading. For that many trading, course are available where you can learn the trading. Learning yourself is also a good idea but if somebody guides us you will learn more easily and fast.

Cheers!
Haim Toledano

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Re: Trading tips for newbies

Tue May 30, 2017 7:49 am

This is a good list!

For those that are trading, what's your "on the bench" currency? Are you resting in Dollars or fiat or something else? And what are you often trading, Bitcoin, Ether, Litecoin?
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Re: Trading tips for newbies

Fri Aug 11, 2017 10:31 pm

Some good tips there. Thanks!
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Re: Trading tips for newbies

Mon Sep 11, 2017 2:08 am

Best to keep money off exchange but barely anyone does that, so at least keep it spread across several sites so if one goes under you are not totally fucked.
Rekomendasi master SEO dan perubahan jasa website untuk mengoptimalkan situs jasa seo Anda untuk menargetkan khalayak yang lebih baik yang ingin Anda targetkan untuk bisnis Anda dan di seluruh situs jasa seo indonesia web Anda.

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Re: Trading tips for newbies

Mon Sep 11, 2017 2:33 pm

Really good advice.
Thank you so much!

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Re: Trading tips for newbies

Wed Oct 25, 2017 2:47 am

Those are very helpful tips. I want to add that when you enter the trading industry it's important to know the technical terms and information about the market, once you understand them it will be easier for you to trade. I came across this article about Trading Tips for Beginners who are trying to succeed in the trading industry which i find very informative to share.

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Re: Trading tips for newbies

Sun Jun 21, 2020 7:26 pm

BUY NOW - Don't wait till next week! NEVER SELL - No matter how high it spikes!
“BUY NOW - Don't wait till next week! NEVER SELL - No matter how high it spikes!”
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