Hello Steemian Friends,
Today I will share with you 3 easy tips on how you can start trading. Maybe to do trading looks difficult but like everything in the life also the activity of trading have some techniques. If you learn these techniques and after you try to improve more them by using analysis you will have success. So let's start...
Okay, I have 3 best tips for you and how you can implement these tips to make your trades more profitable:
1- The first tip is to buy the dips. Be Careful NEVER buy the pumps or buy when the price starts to go up. Always buy to the dips. Take a look at the picture:
2- My second tip for you is learn when to take profits. This is a very very big key. Be careful and follow the currency market, buy coins when the price is low and sell them at the moment that price goes up. You can leave the coins on market for days or weeks and at the moment when the price goes up sell them. Don't worry if the profit is small... because it depends on how much you're actually trading with what trade volume you are using. Important is to take profit, no matter how much is it.
3- The final tip is: DO NOT OVER-TRADE. If you're a beginner you don't need to be trading that much. I personally recommend if you're new to trading it'll probably less than around 3 to 6 months or less you've been in trading only make one trade per day and make that one trade a good trade. If you make a loss on that trade ok, you can either hold that coin until it goes back up to that price and then sell it or you can just cut your losses and move on and then make your next trade the next day.
Good luck with your TRADE.