Quote from: noormcs5 on December 12, 2017, 05:01:19 AM

Quote from: HariiPKB on December 10, 2017, 11:00:35 AM

Quote from: kimochidesh on December 09, 2017, 09:58:35 PM

There are two factors which are really very important while performing a trade are:
1. Money Management
2. Emotional Control
One should always perform trade with stop loss and target setting. Work on fundamental for long-term and technical analysis for short-term trading will help you gain profits. Secondly, never be greedy and keep emotional control while trading. Exit the trade as soon as you achieved your target. Don't wait anymore to earn more profit.
I think these are basic techniques which help us to become a successful trader.

Wow this is good guide for newbie. Do you have any specific document about "money management"? If yes then will help us a lots.

Yeah, he give us good suggestions for a newbie, but if you want any specific documents about money management, then you could search about it on online, it is not difficult thing for searching and managing. As a trader when you start trading then time by time you could handle your money and manage it.

This are not a suggestion, this are basics of trading. You need to know how much money you have, you need to have control over your emotions cause they are responsible for our actions. Waiting more to earn more is patience, with some coins patience is important. If you plan to be long term holder patience is even more important. Day trading is tricky, patience is not for waiting good price to sell, its waiting to buy and quick sell after making profit, that is harder.
Newbies should practice with some money that they can spend, stop losses, making buy or sell orders, margin trading, many things are available for all of us, but making profit with trading is reserved just for people who have good timing.