Advice for newbies | Bitcointalksearch.org

G_Besar

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Quote from: Prestongold on August 20, 2023, 10:10:08 AM

It would be best is you understand the market from your own point of view be wise to check the pros and cons of investing in such a diverse market ones you are convinced with the information gathered you proceed with the trading the crypto market is volatile and it changes daily so there is no better way to understand the market than to start trading the same asset cryptocurrency market is evolving daily and with it come new aspect of trade to do well in investment you should stay up to date with recent development and notable trend

A Newbie will indeed develop better when he can understand the market wisely from his own point of view, but a Newbie basically definitely needs basic instructions so that he can lead him to learn to be able to understand the market properly. And those basic instructions must be obtained from other people so that in the future he can look for them himself so that he is not always focused on other people's thoughts on the market.

Besides having to know the market from his own point of view, a newbie must also know a number of things that can affect the market and also events that can affect currency prices in the market. What's more, Newbies also have to know some of the best currencies in the crypto market so that when they start trading or investing after having sufficient knowledge, they are no longer lost in choosing cryptocurrency in the market.

bitLeap

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Quote from: South Park on August 17, 2023, 06:34:52 PM

Quote from: fullhdpixel on August 05, 2023, 01:23:00 AM

That's not an easy thing to do, you can't always follow big fishes and act before they do so that you can stay on the safer side because you won't always know about it. A lot of whales manipulate the market whenever they feel like buying or selling, and they do it without letting anyone know unless there are people following every single move of theirs and find that they've moved coins from a wallet to an exchange which probably means they are going to do something.

But even that isn't possible and such news barely comes to the surface before it happens. So expecting to time the market perfectly will only make you disappointed every time. It's better to learn basic analysis and make your moves according to the market movements that are expected instead of following the unexpected.

Whales know very well that their movements are being monitored by all market participants, so it should be obvious that in order to avoid detection they move their coins in small amounts to not bring attention to themselves, and only once they are ready they make a big movement so everyone notices they have been buying or selling and incite other traders to do the same, however by the time those people find out about what happened it is too late and the whales have a massive advantage over the rest of them.

That's right, we can't keep relying on whale movements and entry to take advantage of it, it could be us who are used by them to take advantage. However, they are smart in doing this, how many people have suffered losses in the end because they were abandoned by the whales.
We must stand on our own feet, I will not mind if we want to be next to the whales, but we must also have limits so that we do not suffer losses in the end.
We have to be faster than them, when we enter or when we exit, and it requires knowledge to make such analysis.

Prestongold

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It would be best is you understand the market from your own point of view be wise to check the pros and cons of investing in such a diverse market ones you are convinced with the information gathered you proceed with the trading the crypto market is volatile and it changes daily so there is no better way to understand the market than to start trading the same asset cryptocurrency market is evolving daily and with it come new aspect of trade to do well in investment you should stay up to date with recent development and notable trend

South Park

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Quote from: fullhdpixel on August 05, 2023, 01:23:00 AM

That's not an easy thing to do, you can't always follow big fishes and act before they do so that you can stay on the safer side because you won't always know about it. A lot of whales manipulate the market whenever they feel like buying or selling, and they do it without letting anyone know unless there are people following every single move of theirs and find that they've moved coins from a wallet to an exchange which probably means they are going to do something.

But even that isn't possible and such news barely comes to the surface before it happens. So expecting to time the market perfectly will only make you disappointed every time. It's better to learn basic analysis and make your moves according to the market movements that are expected instead of following the unexpected.

Whales know very well that their movements are being monitored by all market participants, so it should be obvious that in order to avoid detection they move their coins in small amounts to not bring attention to themselves, and only once they are ready they make a big movement so everyone notices they have been buying or selling and incite other traders to do the same, however by the time those people find out about what happened it is too late and the whales have a massive advantage over the rest of them.

fullhdpixel

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Quote from: teosanru on August 03, 2023, 03:56:56 PM

Quote from: Shortmaster on June 01, 2023, 04:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

I think as of now we all know this rule pretty well. But the problem is that you can't really do anything about this? Unless you have good sources and contacts who can give you this info, you will not be able to do anything in the market, you'll just be replicating what any institutional investor did and that also you'll be doing after that Institution has done that investment and the wave has already passed.

That's not an easy thing to do, you can't always follow big fishes and act before they do so that you can stay on the safer side because you won't always know about it. A lot of whales manipulate the market whenever they feel like buying or selling, and they do it without letting anyone know unless there are people following every single move of theirs and find that they've moved coins from a wallet to an exchange which probably means they are going to do something.

But even that isn't possible and such news barely comes to the surface before it happens. So expecting to time the market perfectly will only make you disappointed every time. It's better to learn basic analysis and make your moves according to the market movements that are expected instead of following the unexpected.

teosanru

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Quote from: Shortmaster on June 01, 2023, 04:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

I think as of now we all know this rule pretty well. But the problem is that you can't really do anything about this? Unless you have good sources and contacts who can give you this info, you will not be able to do anything in the market, you'll just be replicating what any institutional investor did and that also you'll be doing after that Institution has done that investment and the wave has already passed.

South Park

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Quote from: Sim_card on August 01, 2023, 07:06:19 AM

Same with me, trading is very difficult to understand in a day or within a short period of time,because even the professional traders are still running at loss when they is a change in the price of bitcoin. I don't think that I would be able to understand readings since each time I try to trade,I run at loss. But I took into consideration to use the money that I can afford to lose that is why I am not mad at myself yet. Newbies just believes that trading is something that you can start and make huge profit without any market strategy. Trading is like gambling and the possibilities of running at loss is higher than that of making profit.

One of the things that makes trading so hard is that you can do everything the right way and still lose, so when people lose they try to do everything they can to remedy this situation not understanding that as long as they applied their strategy correctly then there is nothing to correct, they just need to keep following their strategy and sooner or later the profits will come, however such a thing cannot be done by those traders that are too eager to obtain profits, as just a few losses are enough to make them lose their poise and then they will begin to make all kind of costly mistakes.

Cling18

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Quote from: Unbunplease on August 03, 2023, 02:53:26 PM

Quote from: Shortmaster on June 01, 2023, 04:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

/

Following the actions of the big players can lead you into a trap. The big players may intentionally do the wrong thing because they have enough money. Beginners don't have much money. Therefore, it is better to think with your head. Beginners should realize that the market is waiting for their money.

I certainly agree. We shouldn't rely too much on the trading activities of whales because we might only end up losing everything. Trading is a long process of learning and it is better to have the eagerness to learn and do researches for us to adopt new learnings than to follow the strategies or movements of others. Each tradng activity is unique and some strategies aren't applicable to everyone so we better look for effective strategies for us. It may take a long time to learn but it will all be worth it.

Natalim

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To newbies, you must think about the reason why you have entered trading. There should have a goal for coming here, not just because someone introduces this to you or someone shows you money and makes you decide to earn that amount also. Because if youonly have fancy goals like earning this amount xxx, I was certain that you can't reach your goal.

Yes, we have a common goal and that is to earn a profit from trading but as a newbie, our goal first is how to learn and how to engage the market volatility. We have to keep in mind that there is no instant learning in trading, so we can't really think that we can earn a profit instantly.

Unbunplease

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Quote from: Shortmaster on June 01, 2023, 04:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

/

Following the actions of the big players can lead you into a trap. The big players may intentionally do the wrong thing because they have enough money. Beginners don't have much money. Therefore, it is better to think with your head. Beginners should realize that the market is waiting for their money.

Patrol69

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First of all good luck from my side for newbies. Everything is difficult for newbies, I still remember that first day when I first joined school and when I meet something new or go to a new place of course I feel a bit nervous but when I try to do those new things regularly and When I go to new places regularly, the new places or tasks feel familiar to me, so that I can do those tasks more naturally than on the first day. New members of the forum should feel the same way.

First few days of joining the forum new member will be nervous and he will think that this forum might be too difficult this forum might not be for him but if the new member gives regular time to the forum and is not disappointed then I think definitely a new member is better than this forum.

GeorgeJohn

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Quote from: Sim_card on August 01, 2023, 07:06:19 AM

Same with me, trading is very difficult to understand in a day or within a short period of time,because even the professional traders are still running at loss when they is a change in the price of bitcoin. I don't think that I would be able to understand readings since each time I try to trade,I run at loss. But I took into consideration to use the money that I can afford to lose that is why I am not mad at myself yet. Newbies just believes that trading is something that you can start and make huge profit without any market strategy. Trading is like gambling and the possibilities of running at loss is higher than that of making profit.

Nobody who is into trading that doesn't know exactly that trading have advantages and disadvantages, during acquiring of trading knowledge you have to understand that whenever you trading you won't understand all methods again what trading needs is consistent practice, so I believe that even those we assume that are professional in trading do experience lose whenever they fail to take precautions in trading. So on me, I believe that before anyone should go trading you have understand the system of trading. I have said this severally that while some lose money in trading is due to inability to exercise patients and comprehend the necessary strategies that leads to achieve success in trading, some people do rush and venture into trading without knowing the rudiments of Trading and that is one of the factors that makes them to lose their funds. Its good to learn properly before trading and also know that constant trading will enlighten you more.

Sim_card

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Quote from: Uruhara on July 28, 2023, 08:06:20 AM

Quote from: lalabotax on June 03, 2023, 05:21:36 PM

in crypto, we don't only learn about crypto and how crypto works, how the market might change, and all aspects related to crypto and trading knowledge. Because trading is actually a complex thing. It's not only about how to take profits, but it's also about things how to manage the risks and your emotions during trading. For newbies, they may not really consider how important the knowledge about risk and emotion management actually is. Trading is high risk, once you cannot manage your emotions, it means ending for all. But, as long as you want to learn about them all, it will be more okay.

Learning to trade in crypto is not as easy as imagined by beginners who are just starting to enter crypto trading. There are many things that must be studied seriously and because even in analyzing there are also many factors and indicators that we must learn and master.

Including in terms of mentality and emotional control in trading which is usually called psychological trading. money management, risk management and discipline in implementing the strategies that have been made are also very important. And it is true that in essence everything must be studied seriously. Even after we have mastered the basics in crypto, it will not necessarily allow us to completely avoid losses. Even a pro must still experience losses sometimes. because the volatility of the crypto market sometimes makes it able to go against the trend of the economic market.
I also have a desire to become a reliable trader someday. but now I realize that I am not proficient and still need to learn more.

Same with me, trading is very difficult to understand in a day or within a short period of time,because even the professional traders are still running at loss when they is a change in the price of bitcoin. I don't think that I would be able to understand readings since each time I try to trade,I run at loss. But I took into consideration to use the money that I can afford to lose that is why I am not mad at myself yet. Newbies just believes that trading is something that you can start and make huge profit without any market strategy. Trading is like gambling and the possibilities of running at loss is higher than that of making profit.

kingvirtus09

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Quote from: Russlenat on July 29, 2023, 04:00:27 PM

Quote from: Fivestar4everMVP on June 03, 2023, 05:01:20 PM

Quote from: Shortmaster on June 01, 2023, 04:24:19 PM

Know the Market learn the Market and it's very important to know it's financial and big instutions playground.
U got to know their rules of game.
I know the rules of game and i make all the moves according how the big guys and big funds moving.
Follow the rules of funds and wall Street sec and Fed and you Are good here.

I want to believe this advice is specifically for day traders, well, another thing which I personally think is very important is that, aspiring day traders, that is newbies, should know that day trading is not for everybody, you gotta know if trading is what you really wanna do for the love of it, or whether frustration of live is what is pushing you into day trading solely to earn money - then watch it carefully, day trading can make or break you in matter of seconds, most especially for those trading the futures market, futures market is one reserved for already well established and professional traders, do not as a newbie ever go into trading future, you will get burnt out even before you realize what is going on.

Day trading is not easy and is full of risks. So you need to study the market well and learn technical analysis on a high basis. Not just for day trading but in trading as a general.

However, even if you become a professional and a very experienced trader, that is not an excuse from losing. Losses are inevitable in trading, that’s why if you are weak and easily faints, then trading is certainly not for you.

In what you said, I really agree with your point here, because the only people who do day trading are scalpers, or professional traders. As long as you have a deep knowledge of crypto trading, you can get into it somehow. I've been in this industry for a few years, I still haven't perfected day trading because it's not easy to do honestly.
And it is not easy to determine if the value of the coins you bought will increase or decrease. You really need to have a deep understanding of trading, you can't know nothing.

Xampeuu

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Quote from: benalexis12 on July 31, 2023, 11:01:34 AM

It is not advisable for a newbie to just enter crypto trading without knowing anything about it. Because trading is not as easy to understand as others here think. the lesson here is to research it. because if others rush to carry out trading without enough knowledge and experience because you force yourself to do it, for sure the investment capital you will use here will be wasted in the end.

basically a beginner must have prior knowledge about trading, otherwise it will be high risk. there are various ways to learn trading for beginners, it will be more comfortable if you have friends to accompany you in learning trading, so it will be easier to master the science of trading, you can also learn self-taught from various sources such as books, or videos from the internet. and of course you can take advantage of a demo account to get started before using a real account, it is indeed a long process, in the process we will encounter obstacles that can enrich our knowledge and experience

GeorgeJohn

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Quote from: benalexis12 on July 31, 2023, 11:01:34 AM

It is not advisable for a newbie to just enter crypto trading without knowing anything about it. Because trading is not as easy to understand as others here think. the lesson here is to research it. because if others rush to carry out trading without enough knowledge and experience because you force yourself to do it, for sure the investment capital you will use here will be wasted in the end.

Not knowing anything in cryptocurrency trading has been one of the major factors that makes newbies to venture into the disadvantages part of trading, actually its very it's very necessary important to ensure that trading have peruse or scrutinised trading before any other things, I know quite well that in trading you have to learn and understand the basics things of trading before you can propagate or become prosperous in trading, so this is one the things I believe that someone who want to venture into Trading should know properly before venturing into Trading, one thing someone should also know in trading is that learning is the major key of trading and it's the beginning of profits in trading and the beginning of loss in trading if you don't know the preamble of trading. Many people even newbie stopped trading because of the lost they experienced and assuming they have guidance like bitcointalk forum especially this trading section or board they would have known some strategies that is involve in trading. Many people who did not exercise a patient and rush into Trading end up of losing their capital in which is not proper to a beginner to start recording loses at early stages.

benalexis12

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It is not advisable for a newbie to just enter crypto trading without knowing anything about it. Because trading is not as easy to understand as others here think. the lesson here is to research it. because if others rush to carry out trading without enough knowledge and experience because you force yourself to do it, for sure the investment capital you will use here will be wasted in the end.

isaac_clarke22

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Quote from: virasog on July 29, 2023, 03:28:22 PM

~

It never was an easy job and it could look like an easy "buy low and sell high" concept, but there are waaaaaaaaaaay so much variables needed to be considered. It's not just that they're not learning.
You could learn every single programming languages out there, but never be able to build a single web application or even a simple console apps. There is that technical stuff to be learned and there is that application stuff needed to be learned.

The application part is where many fails and it's like just textbook knowledge that you only know. Now we're even talking about crypto here, it's going to be a hell of a learning curve, but surely those who are top traders in the market could have been enjoying their experiences and living the dream. I had never earned in day trading and in fact I even quit on it and will never get back to it, but I am damn sure that it is satisfying to learn day trading and be comfortable to it.

CODE200

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Quote from: virasog on July 29, 2023, 03:28:22 PM

There is a misperception that trading is an easy job, and anyone can do it even without learning. That is the reason why most people usually lose in trading and very few make good money through crypto trading.

In some sense, I think that comparing it to other high paying jobs out there, trading definitely is in the lowest tier when it comes to difficulty, there's fewer fundamentals to learn when it comes to basics compare that to other disciplines that has to cover a lot of fundamentals to do the basics. But that don't mean that it makes it easier for a complete beginner that's jumping right in without anything.

Quote from: virasog on July 29, 2023, 03:28:22 PM

If you want to become a doctor, Engineer or IT professional, you spend a lot of time getting the skills and on education. But why is it that we come to trade the world financial markets and think we can succeed without having any knowledge or experience?

Probably because there are successful traders that didn't finish a degree and are now raking in cash and people see trading as something that anyone can do since they see people without a degree in a much lower standard than those that have a college degree.

doomloop

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Quote from: Russlenat on July 29, 2023, 04:00:27 PM

Quote from: Fivestar4everMVP on June 03, 2023, 05:01:20 PM

I want to believe this advice is specifically for day traders, well, another thing which I personally think is very important is that, aspiring day traders, that is newbies, should know that day trading is not for everybody, you gotta know if trading is what you really wanna do for the love of it, or whether frustration of live is what is pushing you into day trading solely to earn money - then watch it carefully, day trading can make or break you in matter of seconds, most especially for those trading the futures market, futures market is one reserved for already well established and professional traders, do not as a newbie ever go into trading future, you will get burnt out even before you realize what is going on.

Day trading is not easy and is full of risks. So you need to study the market well and learn technical analysis on a high basis. Not just for day trading but in trading as a general.

However, even if you become a professional and a very experienced trader, that is not an excuse from losing. Losses are inevitable in trading, that’s why if you are weak and easily faints, then trading is certainly not for you.

You are right that for someone who has diamond hands and who panics when the market faces a small dip, trading isn't for them because trading requires patience, a lot of it so that you don't panic and sell your bought assets at a loss which is not what a trader should be doing. So, someone who knows they don't have patience and a strong heart, and a mind that they can control, they should simply do something else and don't waste their money on trading.

Analysis, they are an important part of day trading because if you are not able to analyze the market and coins that you are willing to buy and sell, you can never make successful trades, so as a newbie, a person should first learn everything from A to Z and then get involved.

Topic: Advice for newbies (Read 672 times)