Topic: advice for a beginner - page 3. (Read 2149 times)

Anyone trading a lot of years and suffering losses that means he/she still did not understand about trading, who have trading a few years definitely he/she should have become very experienced in the crypto trading, or should stop trading. Losses is the process in trading to adopt it but that does not mean you will suffering losses a lot of year, then when you will successful trader?

Little or a lot of money we use on trading, it will have an emotional impact on us, but if we are used to the emotional atmosphere and learn to control it, it can be tried, don't be too naive not to use emotions or avoid yourself, just make it flow like you live in trading, if you are used to your trading atmosphere will be much calmer both for your mind and heart.

Because one of the factors that emotions often fluctuate is because we are not used to and have little knowledge, so the fear of anxiety and greed will encompass us which can make the wrong position decisions.

All traders must follow the learning direction step by step and get rid of the dream of getting rich quick from trading because it can also interfere with the focus and concentration of the trader himself when he is executing his plan and steps one by one. However, it is different for traders who are already quite professional in trading because these traders no longer need to learn the basic methods except to learn new methods that are more powerful in order to improve their own knowledge and skills.

That's why it's hard to adjust when you came from practice and demo trading and you all of a sudden go into live and real trading. The adjustment is so big and the difference is there that you'll think of it if you're really a good trader or it is just that the reality is hard to accept that trading is certainly is hard as it is. This is also the reason why many are aware that more traders are losing instead of winning and that's the fact that's hard to change.

I have also faced this as well, because when I started trading as then with demo I was making huge capital from trading on demo as then. But when I got to live account I become so frightening about the whole thing because it's real money that involves, when I was teading with demo I built my trading account to a sizable amount which as then I thought that I will win in trading even though I go to live account it wouldn't affect any time any moment because I was doing so great while trading. But at some point I began to understand that live account and demo account isn't the same thing although one would have some basic understanding while trading demo but most times if applied those principle it does working according to it but works inversely because there is much more tension and pressure In the live market than demo.

It's also hard to never involve with your emotions when you trade. That's far from the reality in trading because if it's said not to include emotions with the trades, most traders are doing it still.

This is true, when there's no monetary value involved, it's easier to trade and with those demo trades. It's very easy to let it loose or win with your trades. Many traders are like that, they're good in the demo trades and they're confident that they're going to win their trades if they open up a real account with actual money on it. But going on with the actual trades, that's when they're losing their confidence and money instead.

You know in trading whenever funds is applied one becomes emotionally unstable because there is money value that attached to it and it's one thing we can't actually shy away is emotions. Lot of people have advised not to include emotions but have they think that one hand earned money is there, but is not easy to control except there is no monetary value attached to the trading where someone can use only demo to trade at then there will be no much emotion to be attached.

With beginners, they need to start with Bitcoin and investment to be safe. If they start with trading, it is more risky and they if their tradings are bad, they will lose their bitcoins with time, not get more like they expected.

If the beginner already picks a right way, with Bitcoin and investment, it is time for them to learn and choose good wallets to use and store bitcoins. Some people store bitcoins directly on centralized exchanges that are not recommended because of many risk factors.

See a reminder for newbies

Without expertise of trading or investments, you will undoubtedly lose your capital. Losing $40 is half of your cash, so you need to have adequate knowledge before you begin trading. Just because you are viewing videos on YouTube does not guarantee you will comprehend everything; you need to find mentors who will guide you physically so that you may learn quickly. Trading is not like investment that will minimize your risk since if it is bitcoin investment that you put that $100, I don't think you will lose such an amount on it, that the price is plummeting today. Trading requires a lot of patience and effort, and you will undoubtedly achieve your goal if you study, you will be perfect, and losing is a part of learning you won't repeat the same mistake when you lose and you will correct your self on it. so is very advisable to be getting someone that will be guiding you on trading without watching YouTube only won't guarantee you that you are perfect on trading and get profit.

I agree. No rush, concentration intact, and you will gain experience step by step. And use only what you can afford to spend. No emotions behind it, otherwise, it will end badly.

The decision to diversify the portfolio of new investors in the early stages can be very risky. Initially an investor should try to accumulate small amounts of coins and focus on holdings. Later he should diversify his investments after having a decent portfolio. By following this method, the chances of getting profit are greatly increased.

starting small is always better in time of consideration so that even if you don't get the money back you won't be in that pain, and you can use that money to test running because that is exactly how it is supposed to be when you are learning. after you have learned then practical is very important, the process of practicalizing you will get more experience. and you won't want to make the same mistake at the same time. that period is not a period to focus on profit because you can not combine two things: making a profit and learning at the same time. and even after learning and with your experience you will still lose money. everything will be minimal. people who add emotions to trading have not yet grown and they have a long way to go I know that it is not easy when trading is not going according to your plan to me it is normal and if you learn to accept it then it will be better, there are directions that it will drive you to and the result will be as bad as accepting the initial outcome.

Just let him be on whatever the things that he do really think about trading because sooner or later on the moment that he would really be that testing out on doing trading the pretty sure that he would definitely be able to experience out the bittersweet experience of loses on which this is something to be inevitable and if you are someone whose really that too optimistic towards making money then pretty sure that it would really be giving out that kind of disappointment on which this is something which is really that a very common emotion that you would really be able to be felt on the time that you would really be doing up trading.
Its never been simple and its never been that something that you could easily grasps on. You will really be needing up that long time and tons of efforts for you to be able to become that better trader on which this involves a no short time and tons of experiences towards on dealing up with this volatile space. You cant really be able to grasps it out on a short period of time and it will really be that something that not an easy journey for you to take. You will really be needing to sustain and endure up tons of loses along the way and if you are weak in terms of emotions then you will definitely be able to quit up early but if you are someone whose really that serious and wanting to make yourself that survive into this market space then you will be able to handle yourself well despite of different conditions. It all matters on someones personal choice and
target whether they will really be that pursuing it out because they are serious with it or simply quitting or stopping just because they cant be able to bare up with the risks that they are current experiencing?

Why, op, do you think crypto trading is easy to learn in this industry? It looks like you are in a hurry to make a profit here in the crypto space via trading, even though you don't seem to have enough crypto knowledge.

Learning to trade in the crypto space is not a trick or a fluke; you can make a lot of money here. Because many have studied trading, but when it comes to technical analysis, there is a difference as to whether they really learned anything from the theory they did.

Its normal to lose in crypto especially since you are just starting out .You still have a learn to learn just focused on learning more also try and have a good risk to reward issue to avoid blowing up your account .

Trading is not easy trading is very hard you must always remember that. You traded with $100 deposit and you lost $40 in trading without your knowledge. Losing $40 is normal because you have no trading knowledge. If you want to trade, you must gain experience. If you trade without gaining experience, you will lose trading. Since you traded based on speculation, you made some profit on either trade. Not that you have learned everything in trading. I will tell you first get experience about trading then trade hope you can get success from trading platform.

Try not to fall into despondency due to this is likewise an expectation to learn and adapt. Since you watch a great deal of YouTube recordings on exchanging, extend your inclinations to incorporate a specialist doing live exchanging. Exchanging is definitely not a mind-blowing phenomenon or cash machine, it will require investment before your truly acquire great benefit. You began with a lot of capital for the novices, presently you need to give your all to safeguard that capital from any misfortunes.

It happens to be so in trading whereby beginners lose so much because of lack of understanding and not having experience in trading. In trading many things can be the reason why one keep losing money but patience helps traders to get all what they want in trading. Making profit from trading don't happens very fast but the patience we put in learning and to get a better experience can bring a better result later on.

Patience is very important in trading because if youblook up to your mistakes and lose you may want to give up but with patience you will gain a lot. It is impossible to be successful in trading without applying patience in all you do. The market is volatile which trading can be unpredicted but patience will help to overlook lose and wait for good profit.

for a beginner of course it is not new when trading sometimes always get losses and you are also now one of those who experience losses in trading because as you said  you lose $ 40 and of course this can be called a fairly large loss if you look at the capital as you mentioned which is $ 100 because of course you lose 40%.

but I admire you because you learn and seek knowledge like on youtube and in this forum by asking and creating topics in this forum. honestly I am also not a trading expert but I want to share my experience with you maybe a little useful.

in my opinion if for those who are new to trading before buy crypto try when the price is very low and try in good coins like ranking 10 and below and also have to monitor the news and have to find out about the coins you are going to buy and when buying try not to buy all your trading capital divide it into several parts and when there is a price drop you have to buy it but for example it still goes down again then you buy it because that way over time there is a time for an uptrend where the price of crypto goes up and if for example the price of the coin you bought goes up then you can sell it. and of course there are many other ways and all our friends here have given answers and told you clearly and well.

but remember Friend...of course there is always a risk and of course have to keep looking for insight and be yourself.

Learn from your loss and also learn  to hold  it is the best thing that can happen because the moment you're able to control your losses, you are solved out of a problems when it comes to trading the little things that should be taking note of when trading it is not all about the money always because you focus your mind too much on making money you might end up losing more so why not focus learning the Knowledge Is what You use to make profit because carelessness of course a lot of liquidation just because they have a failed to actually What's the supposed to learn? A lot of things cannot be afforded because of the nature of crypto research have to be one of the major things you focus on especially for those that are holding altcoin. But bitcoin is less easier to bitcoin than to go for altcoins Since bitcoin is a known  coin to everybody already, it as a less chances of losing money compared to investing in Altcoins that you can not even make proper predictions about them in the market so a lot of things like that, we need to know all this.