Topic: advice for a beginner - page 5. (Read 1099 times)

Knowing when a coin will start to rise and become hype is quite simple. You only need to study and understand various analyzes such as technical, fundamental and sentimental. And if you mean some altcoins have hype and have a sudden high rise. Well, usually we can find out about this through fundamental analysis which can be done by gathering information. And actually the crypto calendar is also quite important for us to keep paying attention to. Because usually there are many upcoming events that have the potential to cause an altcoin to increase. Once we start finding news, events and the like that have the potential to build hype. After that, we have to start doing sentimental analysis. And analyze how well market players' sentimental response to the upcoming event. If it is a big event then if we enter early then we can potentially have high profits. It's just that sentimental analysis still has to run so we also have to know when we should sell by analyzing whether the hype has just started or is almost over. If we already understand some of these basic concepts, it is actually quite easy for us to see an altcoin that has the potential to increase. It's just that there are also several altcoins that are suddenly pumped without any news or events taking place. Well, usually analyzing this is quite difficult. Because we also have to understand market inflow and outflow well. And sometimes it's all about how clever we are at following upcoming and trending narratives.

If you want to trade you can't suddenly jump into gambling. You have to learn analysis and learn timing even then you will lose for a long time and gradually when you gain good experience on your trading you can avoid loss a lot but not old avoid.  Trading is risky like business. In trading you have to buy and sell physical goods and in trading you have to buy and sell digital coins/tokens which are highly volatile.

the reason why you lost 40% of your money is that you entered the market too quickly and you didn't study the asset you wanted to trade first. at least you learn first on a demo account and test whether your technical and fundamental analysis knowledge is sufficient to be implemented in the market, then you can enter the market. just remember, anything too fast usually won't last long, so just relax and learn from your experience. no need to be distracted by coins that are growing very fast, just focus on your trading.

Always know that beginners often lose on their trades, the reason why you should not invest on the amount you can’t afford to lose. Trading is a lot different from merely investing, so develop your skills and strategies first, improve your knowledge, and certainly learn from those early traders you have been following in the market. While trading can bring decent profits, but it can also bring us quick losses if we rush to trade without taking our time learning the trading process.

My advice is, don’t start trading if you are still learning its own process. Much better learn to invest and hold first, before you start taking a bigger risk like trading.

Yes, it is not easy to make a profit from trading and even those who have a lot of experience in trading still experience failure from the trades they make and like what you said is very true we have to spend quite a bit of time to be able to trade. correctly and can gain profits from trading and the most important thing is that we have patience in learning it and don't rush in learning it so that we can't understand it well and of course this will be detrimental to us in trading.
Of course it would be better for those who are new to trading to do it with small capital so that they can have experience in trading and try with large capital.

I am not a fan of airdrops as there are a lot of scams there as well, but more than anything what the OP needs is not to buy more coins but to buy themselves more time, so using airdrops with this purpose in mind is not a bad idea, this way they will stop losing money and they will gain some valuable months in which they can learn more about how to become a successful trader.

But if the OP refuses to relent then it will not be long until they find themselves losing the remainder of their capital, while learning nothing about why this happened to them.

But now he only has $60 remaining. Do you have any updates about your portfolio? I think the best way for you now is to join some airdrops, do some bounties, and spend your time to earn some little at first. By doing all of that, you can understand the market more. Like me, even though I've been in this market for a long time, the last time I was offline for two years. When I came back, I participated in some bounty campaigns. First, to earn some tokens, and second, to stay updated about the market by reading posts and replying on forums every day.

It is not a very easy task to profit by trading. There are many skilled traders who have spent almost a few years learning the back of it and as a result gradually become better traders. So just as a newbie you cannot become a good trader immediately based on YouTube and other information. For this you must spend a long time here and it is also very important to be in touch with a skilled trader if you can. There are many things that we cannot learn online for which we need a guide. So as a newbie trader you learn first and keep learning for a long time then trade in small projects take losses and at the end of the day bring success.

If you are a newbie or new to training, you should know it well and then make a deposit. In that case, you make a deposit and ask for help. How is it?  In that case, you must think twice or thrice before making a deposit and your chances of loss are high if your money is valuable or you throw away this valuable thing.  In that case I must tell you one thing before investing or you are new if you want to chat you can train from virus in that case you don't go to binary training you don't understand because you invite limited time.  If you trade mim mist then exit again when a price rises.

I think we all lose at first when it comes to trading. But that won’t mean that we could not be successful traders anymore in the long run. One needs to fail and lose at first so that he will take it as a challenge and motivate himself to improve his trades until he’ll find himself comfortable and profiting already in majority of his trades. While trading can always be learned in the process and then would give us easy profits, but the way to go there will always be hard and even frustrating, that majority decide to quit trading just to save theirselves from losing too much, this is a fact that all YouTubers never admit.

That is expected OP as you can't expect instant profit in trading when you are a newbie.
Have consider yourselves as you are still learning which loses is a part of it but it will gradually change in the moment that you also improve. Losses signify something that you still have a lot of things to learn in trading and that also tells you that trading doesn't work that easy and instant money. A reason why it should be clearly understood before trading at least we are aware that this will likely happen on us as we are still in the process of learning.

I don't know how long that you have been learning trading before you started trading with money, I think you just start trading and for me I think the money which you use to trade is much for a beginner.  It is always good for beginners to start trading with small amount for them to observe the market and to learn very well with little amount in trading.  As you progress and getting more understanding and experience you can decide to increase the money for trading a little bit, but never forget to trade with the amount you can not afford to lose.

The advice I'll give beginners in trading is to learn first and never be in rush to trade when their is no good understanding in handling trading . Insufficient knowledge of trading can make beginners to lose good amount of money in trading, learning all aspect in trading will really help to reduce the risk of losing money in trading.

Trading isn’t easy or it can be considered as source for easy money. Unlike any other skills, you have to learn this with proper dedication and guidance. You need to start with the basics and step by step you need to go up. If you are a beginner then it’s advised to not use real money. Watch the markets movement and try trading with demo balance. Now regarding the calls for the coins, then follow big traders on Twitter. They many times post free calls for the coins which will boost. Hope this helps you dude.

Developing knowledge is a basic thing that must be done, as time goes by it will become broader because you also have to learn how to manage finances, risk management, mentality and so on. There's no need to rush to master it all, doing it slowly is also a good thing, because nothing is instant in this space.
You make an important point here regarding FOMO and FUD, yes that is something that must also be mastered. Because I also see that most of the beginners are also carried away by FOMO and it is not uncommon for them to be consumed by FUD. That's what we also have to learn about how we can avoid things like that, because it cannot be denied that it will have a bad impact if we get carried away with these two things.

One of the mistakes that most people make as newbies is to invest all their money in one token or coin when they start trading which later becomes a big problem for them. Beginners should not open any trade with all money at once and avoid opening trades at once. Because there are times when losses should be protected without trading.

as you said, you just started a month ago, this timeframe is quite short, better to learn more and seek a strategy that is suitable to your trading habit. Those traders you are looking at are the traders who are making a token sniping which means they are waiting to make a trade with the new release coins, newly paired coins etc. If you deal with the same thing of course you need to put additional effort to hunt those coins which has the potential to trade. Don't get carried away with the other's journey take your path and keep learning.

Welcome newbie. As a beginner, my advice is to start slow, do your research, and never invest more than you can afford to lose. Stay updated on market trends, diversify your portfolio, and above all, hodl through the highs and lows. And remember, don't be swayed by FOMO or FUD – keep a level head and always trust your own judgment (and hope you're lucky). 

And stay away from futures if you don't understand them. Most people just like to play futures even though they don't understand all about it. And they lose their money quickly, even if they make some profit from the bull market the first time. It's like gambling; you lose money and want to take it back so badly that you keep playing and playing without noticing you are deep into the market trap.

Most of the time those who start trading in new condition face loss. The reason of loss is after investing without understanding about trading in new condition. Profit from investment can be gained only when you can invest with good experience about trading.  There are some people who find trading very easy but after investing lose money and walk away from trading.

Everything can be learned like Technical analysis, chart reading, and choosing trading pairs as you go on. Don't get wondering why you lose because that is normal as we start. But don't get disappointed with how it results instead, make this a tool for improvement. Sooner, your $100 will be doubled or even more if you keep learning and growing. Just remember that nobody becomes successful without losses, we all have experienced such a thing. So I would tell you, mate, trading is not as easy as what these YT influencers are saying. In fact, you can tell it personally as you currently experience.