Topic: 10 Common Mistakes Beginner Cryptocurrency Traders Do (Read 422 times)
I think starting off slow and making sure you do enough research is key to being successful as a new crypto trader. Also, using secure marketplaces like Vertex is always key.
I certainly agree with all these things. Sometimes, we are having a hard time handling our emotions especially when the market situation is shakey. It's important that we'll know how to deal with the volatility of the market and we should have the patience to wait for the right time to sell. Continuous learning is also necessary so we'll never make wrong decisions. Trading is always risky but if we have enough knowledge about the basics of it, it will be easy for us to go with the market flow.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
A common mistake made by beginner cryptocurencies is that they are lazy in seeking knowledge about cryptocurency from various media to add insight that they will have later. so they are many beginners who complain about failure in doing something and often lose the money they have dan whereas failures and mistakes come from themselves.
Its true Trading can be risky. Mostly new investors follow others advice and lose their investment, This is the main reason why people think, trading crypto is risky. If investors use the right strategy by analyzing the market trends. Then they might have very less chance of losing. I believe the best way is to diversify your investment.
Before diving into crypto-commerce we must create a plan or strategy. Most new people just follow and trade without any plans and are not ready for the risks faced.
But the toughest risk is to lose where the bad market is happening. Therefore, we must prepare the mind and plan so as not to suffer high losses and can be minimized well.
But the toughest risk is to lose where the bad market is happening. Therefore, we must prepare the mind and plan so as not to suffer high losses and can be minimized well.
To gain experience always come with a price, trading is not an easy thing and for every first time traders loses will always occur, no one can escape that, to gain experience or create your own strategy you have to go through trading from scratch and learn from mistakes made time to time
We have to experience some pain before we gain and that is normal for every trade that we made. Mistakes are ok as long as you take it good and use that to learn not unless you stop doing it and forget about doing it. Do your tradings normal, don’t over think and just have fun money will come to you.Exactly, experience is always the best teacher, so it is okay to feel the pain, disappointments, some loss, it is part of the game, so it is fine, we should not take it seriously and we should keep going, because if we quit then that's the time we will loss, as quitting means giving up, if you give up, you failed.
To gain experience always come with a price, trading is not an easy thing and for every first time traders loses will always occur, no one can escape that, to gain experience or create your own strategy you have to go through trading from scratch and learn from mistakes made time to time
We have to experience some pain before we gain and that is normal for every trade that we made. Mistakes are ok as long as you take it good and use that to learn not unless you stop doing it and forget about doing it. Do your tradings normal, don’t over think and just have fun money will come to you. 
It is impossible to trade without losses. If you are just a beginner trader, then you should train for a very long time to earn experience. And the most important thing is the ability to notice their mistakes and draw conclusions.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
A common mistake made by beginner cryptocurencies is that they are lazy in seeking knowledge about cryptocurency from various media to add insight that they will have later. so they are many beginners who complain about failure in doing something and often lose the money they have dan whereas failures and mistakes come from themselves.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading is indeed risky especially for the new ones in this industry. In trading, patience do matter the most. Since the new ones are into easy profit, they are lacking patience of long term gain. But in the first place they should first be knowledgeable on what they are engaging themselves into. Even the years of traders are losing profit in such activity so what more to those who are do not know the fundamentals of trading? For the beginners out there, asking for help would only cost time but would surely save your profit. Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
actual there are no mistakes all need a process It's not easy a long time ago I too ever a newbie and I often lost ,I needed was to socialize with people who have been successful in trading (remember with proof) that was enough ,he taught everything starting to research crypto project and all trading knowledge ,wrong is a normal thing but well your articles good for a newbie
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
A common mistake made by beginner cryptocurencies is that they are lazy in seeking knowledge about cryptocurency from various media to add insight that they will have later. so they are many beginners who complain about failure in doing something and often lose the money they have dan whereas failures and mistakes come from themselves.
trading without doing research, predict and learn what the asset/coin you entered on the market is same as like gamble. this is a lot of problem and happened to beginners so they can lose their money. even so, experienced traders can lose their money, still can make mistakes. the most difficult thing is how we control our emotions.
True, emotions become the main thing related to our mental psychic when trading. Trading does not only rely on technical and fundamental, but peace of mind in order to make decisions properly and correctly. Capital management is also important, the capital you have is not 100% used to enter the stock exchange, but about 40% of the capital must be reserved for emergencies such as wrong predictions and reversing market trends.
trading without doing research, predict and learn what the asset/coin you entered on the market is same as like gamble. this is a lot of problem and happened to beginners so they can lose their money. even so, experienced traders can lose their money, still can make mistakes. the most difficult thing is how we control our emotions.
It's normal for beginners to make mistakes especially when trading since they're still lacking of knowledge about crypto. And since it's normal, it'll help them to learn with their mistakes and to avoid doing the same thing. But I'm not saying they should experienced it. Try your best not to experience it but if you have already experienced it, just learn from your mistake. We were also once a beginner and experienced at least one of these mistakes but time will make us better. For beginners, just continue exploring crypto and you will learn a lot from it.
To gain experience always come with a price, trading is not an easy thing and for every first time traders loses will always occur, no one can escape that, to gain experience or create your own strategy you have to go through trading from scratch and learn from mistakes made time to time
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
I don't think anyone should be doing something they have no knowledge about. Before you start any kind of business you should study. Starting a business you don't have a clue about is just a waste of time as you will just be gambling with your money and before you realize what's happening you've failed! So it's best to take time out and study trading and know everything about it before you start.As a crypto beginner trading crypto safely is one of the best idea ever.
Learning trading is not easy, it took me a lot of time and even now there are still a lot of things I'm yet to learn. Another thing you have to know is that there is no guarantee that what you will make is profit, the risks will always be there, but you can minimize the losses. You just have to work really hard and be good.
The major reason behind new people joining cryto is quick profits.
Yes you're right about that: I have seen a lot of newbies and they join because of the stories they heard of old investors that made it and they feel that Bitcoin is a means for quick profits online, forgetting to look into the risk side of it. They only start to realize it when it's already late.It's good that anyone that wants to start trading should take their time and learn how to trade and also learn about cryptocurrencies.
I think the most common mistake has to be traders picking a coin to trade without proper research, them picking a coin just because it's suggested by some influencer they think he/she has a say about what happens in the trading business. Another mistake has to do with lack of planning on money management.
That's how I used to be back in the days when I was such a newbie in cryptocurrency, not that I'm an expert now. At least I know what I need to do, what to avoid, how to think through everything calmly, then take action. I always knew that trading aint an easy matter, but still I was too careless sometime. Not to mention I started off without a single knowledge about cryptocurrency world. As the saying goes, experience is the best teacher.
I think the most common mistake has to be traders picking a coin to trade without proper research, them picking a coin just because it's suggested by some influencer they think he/she has a say about what happens in the trading business. Another mistake has to do with lack of planning on money management.
That's how I used to be back in the days when I was such a newbie in cryptocurrency, not that I'm an expert now. At least I know what I need to do, what to avoid, how to think through everything calmly, then take action. I always knew that trading aint an easy matter, but still I was too careless sometime. Not to mention I started off without a single knowledge about cryptocurrency world. As the saying goes, experience is the best teacher. Maybe the number three of the article isn't quite applicable for most of the time, OP. I don't see a lot of people posting their advices inside social media unless it's like an investment scam that they post with their own referral link. Probably #7 is what applies the most for this, OP. It wraps up all these mistakes that beginners do, which is getting into crypto trading blindly.
I think what OP meant for #3 on the article is that some newbie trader is following the hype from social media, for example a so called expert or popular person made a call on his/her social media to buy a particular coin saying that it will give high rewards after this big development or blah blah blah then the trader saw the post and buy the coin without doing any research about the coin.
I know the basic mistakes of novice traders. 1. You need to buy at the fall, and sell during growth, and not vice versa. 2. It is not necessary to rely completely on the forecasts of analysts, because they are often mistaken.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Lack of marketing knowledge is the top most reason for loss in trading, but another important and basic thing that beginners lack while trading is patience.
FOMO and FUD etc. caused by impatience only. Dreams of getting rich within few days can ruin the trading ability of a user, mostly beginners do the same and thus ends up losing all their investment.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Actually, I don’t think that there is anyone that can even know what to do without even knowing at least what cryptocurrency trading is all about, so it is not like they don’t have the knowledge at all, but I think having quality and enough knowledge before jumping into it has been the problems of beginners and why they fail in their first trading experience.Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
I think that some of them are quite so greedy also that they don’t want to learn to take little profit because they feel when it comes to trading, it is something that you can start making very fast and large money which is why you could see someone who is a newbie, that has not traded for so long, trying to go into leveraging, which eventually makes them fall as victim of fud, and some of the things listed in this article.
for a new trader that I experienced myself was a mistake to quickly feel satisfied with the results obtained. with a small increase that occurs quickly selling assets and then feeling sorry when the price reaches more expensive than the selling price, we have done. then feeling greedy, which is waiting until the profits obtained become larger and continue to be like that regardless of market conditions. it can produce the maximum profit that should be obtained instead becomes a small profit because it is not aware of market movements that began to fall.
I used to feel the same thing but for now, big or small profits I will still feel satisfied because the most important is the velocity of money used as trading. so I personally prefer to use certain moments on the coin to get profits and fees or small profits when trading I think it is a relative thing
Panic selling and buying at peak were the two mistakes I made initially as a beginner without realizing the bigger picture of the market and I still regret those mistakes but I have learn from it. I have seen newbies investing when the price is at peak assuming it will go high as many people have bought bitcoin when it was over $20k.
for a new trader that I experienced myself was a mistake to quickly feel satisfied with the results obtained. with a small increase that occurs quickly selling assets and then feeling sorry when the price reaches more expensive than the selling price, we have done. then feeling greedy, which is waiting until the profits obtained become larger and continue to be like that regardless of market conditions. it can produce the maximum profit that should be obtained instead becomes a small profit because it is not aware of market movements that began to fall.
I used to feel the same thing but for now, big or small profits I will still feel satisfied because the most important is the velocity of money used as trading. so I personally prefer to use certain moments on the coin to get profits and fees or small profits when trading I think it is a relative thing
for a new trader that I experienced myself was a mistake to quickly feel satisfied with the results obtained. with a small increase that occurs quickly selling assets and then feeling sorry when the price reaches more expensive than the selling price, we have done. then feeling greedy, which is waiting until the profits obtained become larger and continue to be like that regardless of market conditions. it can produce the maximum profit that should be obtained instead becomes a small profit because it is not aware of market movements that began to fall.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
In my opinion, the common mistakes beginner crypto traders make include; Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
1. applying greed while trading by not taking profit when necessary.
2. Some don't even use stop loss. Not using stop loss imply you don't have limit to risk taking. A proper risk management strategy is required to be successful trader.
3. Buying coins because you think they are cheap. Some coins are already abandoned by the team, so before saying "this coin is cheap and that's why I'm buying in" you have to be sure the project is not dead.
4. Following buy calls from pump groups. This kills new traders faster than poison. Do not rely on any pump group especially on telegram, you will get rekt. Try as much as possible to understand technical analysis.
I have a lot to say but let me put a full stop here. Ciao
The major reason behind new people joining cryto is quick profits. Because of which they don't take adequate measures when it comes to hedging risk or minimizing it. They don't understand the importance of the stop loss in this highly volatile market. Cutting losses is equally important as making profits. New traders usually ignore this fact. One more thing that new traders overlook is that the market is ot regulated and hence highly manipulative. Hence, they become the victim.
Common mistakes that are very fatal if not managed properly. The main cause of new traders is not well-studied cryptocurrency ecosystem, so they are very easy to be affected by FOMO, FUD, and drifting. Mostly because they want instant and fast profits, even though it's not that easy, if you have to get the maximum profit, you have to do technical or fundamental analysis.
Besides the ten points discussed in the article, there is one more mistake that traders often make: too greedy. Usually, this happens to daily traders. The case that often happens is when you have taken profit, but see an opportunity to rise from the chart, then enter the market again, it turns out it was the price at the peak, and surely you then know what happened.
Remember, a goal without a plan is just a wish. So we must determine the target with a mature strategy, we must be able to manage emotions and mentality in trading
For newcomers, it is best to gain some good knowledge of crypto currencies as a whole and specifically the coin that they plan to invest in. In a volatile environment of digital market, one cannot survive without having fundamental understanding of it. Only those people who lack this ability get affected by FUDs and FOMOs. They also fail to prevent themselves from scams. Besides the ten points discussed in the article, there is one more mistake that traders often make: too greedy. Usually, this happens to daily traders. The case that often happens is when you have taken profit, but see an opportunity to rise from the chart, then enter the market again, it turns out it was the price at the peak, and surely you then know what happened.
Remember, a goal without a plan is just a wish. So we must determine the target with a mature strategy, we must be able to manage emotions and mentality in trading
Common mistakes that are very fatal if not managed properly. The main cause of new traders is not well-studied cryptocurrency ecosystem, so they are very easy to be affected by FOMO, FUD, and drifting. Mostly because they want instant and fast profits, even though it's not that easy, if you have to get the maximum profit, you have to do technical or fundamental analysis.
Besides the ten points discussed in the article, there is one more mistake that traders often make: too greedy. Usually, this happens to daily traders. The case that often happens is when you have taken profit, but see an opportunity to rise from the chart, then enter the market again, it turns out it was the price at the peak, and surely you then know what happened.
Remember, a goal without a plan is just a wish. So we must determine the target with a mature strategy, we must be able to manage emotions and mentality in trading
Besides the ten points discussed in the article, there is one more mistake that traders often make: too greedy. Usually, this happens to daily traders. The case that often happens is when you have taken profit, but see an opportunity to rise from the chart, then enter the market again, it turns out it was the price at the peak, and surely you then know what happened.
Remember, a goal without a plan is just a wish. So we must determine the target with a mature strategy, we must be able to manage emotions and mentality in trading
the most prominent mistakes beginners are too rushed to expect great things without thinking about the risk in the future. also the lack of knowledge is one of the factors that beginners lose in trading. in my opinion before stepping / making a decision you should understand the field of cryptocurrency first. patience, the breadth of knowledge and psychologists ourselves is my main priority in trading.
Most of them are taking every decision in a rush. They have high expectation and this leads to panic selling when their expectation has not been met. They can't resist seeing the market to fall. Due to a lack of experience, they made a mistake without noticing their own actions in trading. 
the most prominent mistakes beginners are too rushed to expect great things without thinking about the risk in the future. also the lack of knowledge is one of the factors that beginners lose in trading. in my opinion before stepping / making a decision you should understand the field of cryptocurrency first. patience, the breadth of knowledge and psychologists ourselves is my main priority in trading.
The beginner has some common tendency of the trading purpose, I think they think the trading platform is very easy to control and make money from here, So they are moving towards trading without thinking the consequence of the future, generally, they don't have much education and research on the trading pattern and they don't take much time in order to start trading, I think it's not easy to make understand about this trading market but they don't any time, most important thing is thier emotion, I think they are not able to control their emotion when they are in, so this could be a great loss for them and it may ruin their interest to continue trading.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Most risky thing I guess. It is more like spending your time and money for nothing. Engaging to trading with a bit idea and having lack of knowledgeable behind about buy low and sell high stuff is something more like a investing to fraud projects. Because you'll just end up losing a lot of money out there, and gains are closest to none at all. Newbies and those who are just trying to trade probably do these things, and then will complain later on because they gain nothing.
Most newbies dont analyze and just buy and expect for the price to go up, some traders doesnt even know that they can earn profit in decline graph, most of them also dont use stop loss thats why they complain after losing such small amount of money.
to trade safely naturally we must really understand crypocurrency. starting from bitcoin, altcoin and exchanges. we must learn everything before entering the crypto market. and in my opinion there is no harm in asking for advice from people who have long been trading in the crypto market. of course the person I mean is someone who can be trusted and you already know him well. and for beginners if making mistakes is a natural thing to make mistakes as valuable lessons.
Cryptocurrency is risky investment and it becomes more riskier when investors and traders fail to have crypto knowledge beforehand. Some think there will not be gain without risks. But I say that risks will give you profits and gains only when you handle risks smartly. So crypto investors and traders are requested to take risks only after having crypto knowledge.
I would add that list that try not to fall in love to any cryptocurrency or forming any kind of emotional ties to it. It's hard to see straight and execute right sell orders when you have either delusional goals for the exit price or you are acting angry because you feel betrayed by it. This also involves trust. Some trust is needed, but it should be based on the track record, not on sweet talk, promises and excuses.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Lmao Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
, these mistakes are so true mate. I remember when i bought my Binance Coin at $5 and hurriedly sold at $10 thinking i had sold at the peak. Only to see Binance Coin hit an all time high over $40. Damn, i was so mad at myself i nearly went in back again at such a high price but a friend advised me not to as that seem very high. I think i sold earlier out of impatience as clearly stated in the reference article. This post would serve a great purpose if shared in the Beginner's section as well. I would open a thread about it when i have the time
Since trading is all about prediction on up or down its very easy for anyone to jump in but the real issue here is predicting with big money and when lose comes around it will be the end, trading should be based on strategy and carefully analyzing the market movement
I think those lists don't apply only to beginners but also those who have been trading for a while. It is unavoidable to be emotional when trading, but people must learn that proper research or analysis before trading even if you incurred losses would give you a better chance for a successful trade. Never put your emotion when trading, this makes you create sudden decisions.
Begginers in trading should never jump into investing a bigger amount because they are more prone into committing losses since they are not fully knowledgeable about trading. They should see to it that trading is such a risky thing so they should analyze first the decisions they will take so they won't regret in the end. Emotional trading should always be avoided as this will only cause one's trader more losses in the end.Yes i think the beginner should choose an exchange that have a demo account, so they're can see their result at the end.
And should repeat using demo account until they have stable profits.
Maybe the feeling would be different when we use real money, but at least we have to know the basic and also wee need experience to trade in crypto because it's differen from trading stocks that can be analyzed by only read the charts
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto isn't bad if the trader are knowledgeable about trading. It is all fun and game until you start to lose your gains which in fact cannot avoid, but what's take in that is you'll learn from those mistakes and would obliged you to even further expand your ideas in every side of trading tips, strategies, planning, emotional stuff, analysis and whatsoever. In addition is that new comers and specially those who are just betting they'll make fortune out of trading are skipping those ways 'cause they always find out trading is just about buying low and sell high.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
So they must be aware of these common mistakes. To be successful traders, this is often the case with newcomers entering crypto trading without knowing anything and based only on what they see and read on various news and social media. Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Its normal to commit mistakes if you're a beginner and thats how you're going to learn from that experience.Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
But its important to gain knowledge first before starting your journey as a trader, in that way you're aware of what to keep in mind when you trade.
So take time learning first and dont rush things.
It is not common anymore if they keep doing the same mistake on trading and investing. Some newbies here clearly dont understand or afraid to understand how the real deal trading works and ignore such advises from many expert here from forum. I guess the problem lies in the attitude not in the mistake of newbies.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Its normal to commit mistakes if you're a beginner and thats how you're going to learn from that experience.Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
But its important to gain knowledge first before starting your journey as a trader, in that way you're aware of what to keep in mind when you trade.
So take time learning first and dont rush things.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
A good read for someone starting in trading. However, it's not enough to only know their mistakes, it's essential that they learn from these and utilize these learnings to lessen wromg decisions in trading. The best way to learn is to fail. But having the same failure over and over won't lead you to success. Takeaways can be summarized to: Do research, know what's in the news, and assess which factors would affect the price, and also learn to allot funds on personal neccessities. Don't go all in. Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
my friend is newcomer on crypto, and then he join on btt and start earn own crypto. someday he told me that he convert his salary to eth, than he bought other token (actually thats new token) and try trading. he just sell at high price and buy at low price. but he got stuck because sometime new token doesnt give big move. than he give up and just sell at that price it is.
its not only about skill, but also knowledge, know the risk, money management, when you have nothing you will get nothing
its not only about skill, but also knowledge, know the risk, money management, when you have nothing you will get nothing
Being a trader is a good one but its not easy as every one think most beginner mistake for doing crypto trading is lack of risk management, no proper know what is crypto and trading platform.
I read the 10 common mistake on the link that OP prpvide and Yes that its right to be honest even I'm trading for 3years I also make some mistake but because I have a risk management I can recover my loss for my next trading.
It's very important to have a good balance with money management, having a great outlook from how you can go further and how you can manage loses if incase things did not workout with your position. If you fall to a bad execution never to panic as a common mistake from inexperienced traders getting desperate after losing and aggressively decide without thinking twice resulting to much further damage from your funds. I read the 10 common mistake on the link that OP prpvide and Yes that its right to be honest even I'm trading for 3years I also make some mistake but because I have a risk management I can recover my loss for my next trading.
I think the beginner traders' mistake is to use so much capital. Then he seeks direction or advice from other people who are not necessarily also true what he said. Because in the world of crypto, anyone can speak whether true or not. And most of the beginners enter the world of crypto to seek big and fast profits. It was based on his friend's income while playing trading. Though all is not as easy as what the advisor says.
I have a couple of own rules I like to apply when it comes to trading. I'm a pretty nervous fella and often check my phone and I always get anxious when you see your money go up or down every minute and it's a bad habit to have.
1. Delete all investment app/price trackers from your phone or set a limit on them. Don't check the prices of your assets too much, check it every 2 hours or so, or set up sell walls in case it drops too low so you don't lose money.
2. Do not have more then 50% of your portfolio in cryptocurrencies.
3. Don't have more then 20% of an asset when you invest (eg if your crypto portfolio is 10,000, don't have more then 2,000 in an investment).
1. Delete all investment app/price trackers from your phone or set a limit on them. Don't check the prices of your assets too much, check it every 2 hours or so, or set up sell walls in case it drops too low so you don't lose money.
2. Do not have more then 50% of your portfolio in cryptocurrencies.
3. Don't have more then 20% of an asset when you invest (eg if your crypto portfolio is 10,000, don't have more then 2,000 in an investment).
I think those lists don't apply only to beginners but also those who have been trading for a while. It is unavoidable to be emotional when trading, but people must learn that proper research or analysis before trading even if you incurred losses would give you a better chance for a successful trade. Never put your emotion when trading, this makes you create sudden decisions.
Being a trader is a good one but its not easy as every one think most beginner mistake for doing crypto trading is lack of risk management, no proper know what is crypto and trading platform.
I read the 10 common mistake on the link that OP prpvide and Yes that its right to be honest even I'm trading for 3years I also make some mistake but because I have a risk management I can recover my loss for my next trading.
I read the 10 common mistake on the link that OP prpvide and Yes that its right to be honest even I'm trading for 3years I also make some mistake but because I have a risk management I can recover my loss for my next trading.
I think the most common mistake has to be traders picking a coin to trade without proper research, them picking a coin just because it's suggested by some influencer they think he/she has a say about what happens in the trading business. Another mistake has to do with lack of planning on money management.
I think the most common mistake has to be traders picking a coin to trade without proper research, them picking a coin just because it's suggested by some influencer they think he/she has a say about what happens in the trading business. Another mistake has to do with lack of planning on money management.
A common mistake, yes. Many beginners tend to trade those coins that are pumping recently and I've seen others relying on youtube channels that are giving their analysis but never take those words from them that those aren't really financial advice. They are giving their opinion about a certain coin and that makes them think that because it was mentioned by a youtuber that they watch, they'll buy and trade it without hesitation. 
The article on coinpedia is quite insightful. The main takeaways:
When one starts their trading careers and these aren't going as expected, no profit, no reward. They start to feel bad. In that instance, They start to place more priority for other people's trading signals etc and when these signals are sent, they just go straight off to open a trade verifying the price action for possible movement. Crypto Twitter is the avenue for all traders, new and old traders to to interact. The problem here lies in the fact that people post about their opinions(chart analysis) and people take it too seriously.
- Chasing Pumps
- Trading Blindly + CT}
When one starts their trading careers and these aren't going as expected, no profit, no reward. They start to feel bad. In that instance, They start to place more priority for other people's trading signals etc and when these signals are sent, they just go straight off to open a trade verifying the price action for possible movement. Crypto Twitter is the avenue for all traders, new and old traders to to interact. The problem here lies in the fact that people post about their opinions(chart analysis) and people take it too seriously.
In my opinion, the most important mistake of a beginner trader is that he is engaged in trading in the place of training.Because most of the situations listed in the article can be reversed to your advantage.
For example, in the case of the Dump and Pump scheme, an experienced trader will be able to make money on this, because he knows when to enter and when to exit, he can read quotes, he understands what indicators mean, he understands where is the resistance zone, where are the accumulation zones and etc. It's all about the knowledge that is then put into practice, turning, over time, into a trading strategy.
These are different for a novice trader, with his typical mistakes from an experienced trader. Indeed, if a beginner will do everything correctly, he will earn money as experienced traders do, but since at some moments he does not understand what to do, he makes mistakes and loses money.
For example, in the case of the Dump and Pump scheme, an experienced trader will be able to make money on this, because he knows when to enter and when to exit, he can read quotes, he understands what indicators mean, he understands where is the resistance zone, where are the accumulation zones and etc. It's all about the knowledge that is then put into practice, turning, over time, into a trading strategy.
These are different for a novice trader, with his typical mistakes from an experienced trader. Indeed, if a beginner will do everything correctly, he will earn money as experienced traders do, but since at some moments he does not understand what to do, he makes mistakes and loses money.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Crypto trading is not all the safest way to invest their fund. If you are a beginner also I will not suggest to go with the any trading platform without the proper training and until you settle with your experience.
You need to set the low amount in everyday trade practices.
Once you learned all the tactics then you can start trading.
Its better to rely on your research and learn more about market movement, that is the only way you can move forward in crypto space, no matter how good a crypto project can be always engage in intensive questions
We call it negligence, if new investors fail to understand the nature of their investment failure is inevitable. During the market bullrun a lot of investors lose money due to sudden dump after the price skyrocket mostly new entrants in crypto are primary victims buying the hype and neglecting the negative outcome of fomoing.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
So noone wants to waste time, in their opinion, money is being scattered here, the first person will grab more. The ambition of money leaves the effect of "boom" on those who hear about crypto first time. Already most of the narrators often do not talk about the bad sides, or the person who listens listens what s/he wants. This can not be countered, this is related to the person him/herself. Because not all noobs are like that. Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
There will always be a time to start. So starting does not eliminate any form of error. I have been trading crypto for years now and I can confidently say that I made mistakes at first and mistakes even at this stage are unavoidable, but might be limited. Although, they make me better. Which is also expected of anyone that is new to it. Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Indeed knowledge is needed before trading, because if you trade without the knowledge or advice of several people, what you get might be just a loss. To trade better with a small amount and we must be able to observe market movements to be able to determine when the right time to buy coins.Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
I'm also a man who has started to participate in crypto currency exchange, i'm very confused about this market, and when i tell people about this market, people often say not to participate.
I don' t know why?
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Most of the new investors nowadays are impulsive and greedy. They often do not think first nor research more about the coin. Research is a vital process of trading and investment that's why everyone in this industry must practice it. Researching can also improve your future decisions and help you tackle any problems ahead. Knowledge indeed, is a critical factor to determine how successful a trader can become.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Expert crypto traders lose money in trading as well, we can't control people to learn first because they like learning the hard way, once they start losing money they will either quit or find ways to learn the strategy of trading, knowledge is power only for those who wants it Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Well beginners usually take risk without even thinking the result of their decisions and actions that is why most of them end up losing money, its because they don't even bother looking for some information or feedback from other people that may help them. Trading is indeed speculative and having enough knowledge is a powerful tool that can be use to avoid any problem since most of them doesn't analyze things before doing an investment. If they ever feel doubt or confuse in trading they should conduct their own research before making a decision so they won't regret anything if their decision messed up. Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Yeah researching the whole crypto market before trading is one of the best idea ever in order to escape from loss of funds.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
What could be more best than trading crypto safely is getting to know it and the whole cryptocurrency deeply. Understanding how it works, be it mining, trading, investing and such, you will be needing to study it so well so you won't be putting yourself in anything that could mess you up. Crypto space at this rate, is full of scammers and cyber criminals so being naive and innocent here is like wearing a deer costume during hunting season, you're surely putting yourself in danger and will be doomed. Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
I would not start the crypto adventure with trading, because if you look at statics, 95 percent of all traders are taking losses and the risks of losing money is even bigger as by investing in an ICO or an IEO on a bad exchange.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Biggest mistake that everyone makes, not only beginner traders, is listening to others and investing based on other's suggestions/recommendations.
Unfortunately, as of right now, this space is filled with scammers and businesses that can be persuaded by money. So everything you read about a project has at least a 50% chance of being populated by a scammer, or by a paid expert (ICOBench and other ICO listing sites).
Saying this, my biggest takeaway is not only just doing your own research, but creating discussion with the actual team and learning more about them. The first thing I do when learning about a new project is joining their Telegram group and asking questions about their website/whitepaper. You will learn so much based on the team's answers, if they even provide answers.
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Well beginners usually take risk without even thinking the result of their decisions and actions that is why most of them end up losing money, its because they don't even bother looking for some information or feedback from other people that may help them. Trading is indeed speculative and having enough knowledge is a powerful tool that can be use to avoid any problem since most of them doesn't analyze things before doing an investment. If they ever feel doubt or confuse in trading they should conduct their own research before making a decision so they won't regret anything if their decision messed up. Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Well beginners usually take risk without even thinking the result of their decisions and actions that is why most of them end up losing money, its because they don't even bother looking for some information or feedback from other people that may help them. Trading is indeed speculative and having enough knowledge is a powerful tool that can be use to avoid any problem since most of them doesn't analyze things before doing an investment. If they ever feel doubt or confuse in trading they should conduct their own research before making a decision so they won't regret anything if their decision messed up. Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Well!! Did you know?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
Trading crypto is one of the risky thing as a lot of people starts trading without the knowledge of cryptocurrency market.
As a crypto beginner trading crypto safely is one of the best idea ever.
What's your take on this?
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