New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
As a beginner it is not advisable to go into trading because of the higher risk it poses and so it will be very difficult for beginners to find their way around it. Trading is very complex and difficult to understand and will be very confusing for newbies to understand it thoroughly unless they go by the books and learn about it properly and even so nothing is guaranteed. It requires in depth understanding of the market dynamics and also guidance from experts can be helpful as well. Even experienced traders also lose money so it means knowledge is not a guarantee in trading. My advice for beginners is to avoid trading and stick to investment until they have acquired knowledge enough unless they are not afraid to lose money. 
Topic: As a newbie to crypto currency (Read 516 times)
To be frank as a newbie or anyone avoid trading especially trading with Leverage. I know there are many Nigerians trading either stock, forex or crypto and its sometimes tempting when they say the figure they make but we usually fail to consider the figure they lost.
This year suppose to be open eye for everyone say na HODLers dey gain m, just see how market dey behave since january though we dey bull season but any small dip you go see news about hundreds millions way traders don lost from leverage while the HODLers dey continue to make profit, traders dey get wins and lost. If you try calculate the total money way don lost for leverage this year you go see say the money don reach billions. JUST HODL
This year suppose to be open eye for everyone say na HODLers dey gain m, just see how market dey behave since january though we dey bull season but any small dip you go see news about hundreds millions way traders don lost from leverage while the HODLers dey continue to make profit, traders dey get wins and lost. If you try calculate the total money way don lost for leverage this year you go see say the money don reach billions. JUST HODL
You're right trading has a high level of risk and it also requires enough knowledge, and it takes a lot of time before you can learn about how trading works. the reason why I always avoid trading is because there's no guarantee about what will be the outcome, most people only profit from trading only when luck is on their side. that is why I don't always look at trading and I can't advice newbies like me to go into trading, due to the high level of risk that is involved in trading, even if you use the whole strategy in trading definitely you will still lose there's nothing like expert in trading even those who claims to be an expert traders yet they still experience lose in trading, so I rather HODL instead of wasting my money in trading.
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Coming into cryptocurrency should not even make you have a thought to go into trading as a way of getting more funds or profitable in cryptocurrency. The basics is for you to learn about bitcoin, watch how the market moves and reacts to some certain news and also learn how to keep your funds safe in the account without a third party interference. Cryptocurrency will undoubtedly show you its good and bad side, so you have to be prepared to move with the trend at that time. If you’ve spent much time in cryptocurrency, it is that time you can now delve into trading as another way to source for more money through cryptocurrency while taking your risk management skills important.
As a newbie, u need to settle down to have d knowledge of crypto trading before use any amount of money to invest in crypto, because once u have d knowledge of crypto, u will surely no when to trade to take profit and when to buy to hodl crypto for future purpose.
Looking at d market price as a newbie, it can impact newbie to differentiate between bull season and bear season because many newbie are still finding it difficult to understand this two season, which are very important to newbie to know in d industry and make use of them in their season.
If u want to go far in crypto trading, spend what u can afford to lose and it will make u to be bold in your crypto trading and u will not trade with fear because u no what u are doing in your crypto trading.
Looking at d market price as a newbie, it can impact newbie to differentiate between bull season and bear season because many newbie are still finding it difficult to understand this two season, which are very important to newbie to know in d industry and make use of them in their season.
If u want to go far in crypto trading, spend what u can afford to lose and it will make u to be bold in your crypto trading and u will not trade with fear because u no what u are doing in your crypto trading.
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Advising beginners to dive into trading can be risky business. Despite all the books and research, success and safeguarding investments are not guaranteed. Understanding market analysis is crucial to go through the market ups and downs. Holding onto your coins can protect you from trading risks. "Trading is not a walk in the park" it's not just about making money but also about the potential for losses. Trading might be better suited for those who are experienced alot rather than beginners. For newbies avoiding trading with leverage will help you, it can be tempting hearing about big gains, but we often overlook the losses that come with it. This year has been an eye opener for many. Those that are HODLing have been reaping the benefits while traders using leverage have faced significant losses during market dips. The numbers lost in leverage trading this year are staggering, reaching billions. 
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Taking about trading, trading no be child's play before person start to trade, e suppos don know the koko wey dey inside and learn some strategy in analysing the Market chart. Person no go fit just wake up one morning come start to dey trade else e go run at many loss. And that one Naim make trading be like gambling so, when you no learn you come dey use guess work take dey make predictions Na there your failure begin, though you fit dey lucky for the first period wey you start but, luck don't last for long, surely breeze go blow and fowl yanch go open, Na there the wahala go come start. I prefer holding Bitcoin than running trades.
Actually we get two types of newbies, e get the ones wey already get the knowledge and e get the ones wey no understand at all so as a newbie na to just behave like fowl wey go new location so as to grap any information we dey see wetin dey sup for crypto world now, crypto currencies everywhere some na scam why some na genuine no be everything person go wan belong oo.
Newbies especially dey very open to fall prey for scammers that one na if anything wen pass u wan belong sometimes as a newbie to wey wan belong to any crypto currency u need to marry ur device make strong research and understand before follow no dey pushed by people success nothing dey easy now dey patient.
Newbies especially dey very open to fall prey for scammers that one na if anything wen pass u wan belong sometimes as a newbie to wey wan belong to any crypto currency u need to marry ur device make strong research and understand before follow no dey pushed by people success nothing dey easy now dey patient.
All you need is to pay serious attention to the forum and to learn how to make good sentence,also to observe from the senior members how they pay more attention to any topic that drop in this forum and how they follow up the topic,this are what every newbies should do
Attention and to study is important the person fit no get access to forum but their other source were him fit get information about bitcoin or crypto in general but sometimes na laziness they do them because the thing no they easy actually but determination will help accomplish so many things because the more you put body the more you they sabi the thing na waiting people no understand be that, na body you put go determine waiting you go get from their. For those of us wey they this forum, this place on its own is place of knowledge and you go get what ever information you they find or in case if any questions they to ask here na the best place for that information and if the person no they forum make they go YouTube information choke for that side to with better explanation self.
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Advising beginners to dive into trading can be risky business. Despite all the books and research, success and safeguarding investments are not guaranteed. Understanding market analysis is crucial to go through the market ups and downs. Holding onto your coins can protect you from trading risks. "Trading is not a walk in the park" it's not just about making money but also about the potential for losses. Trading might be better suited for those who are experienced alot rather than beginners. For newbies avoiding trading with leverage will help you, it can be tempting hearing about big gains, but we often overlook the losses that come with it. This year has been an eye opener for many. Those that are HODLing have been reaping the benefits while traders using leverage have faced significant losses during market dips. The numbers lost in leverage trading this year are staggering, reaching billions. This year suppose to be open eye for everyone say na HODLers dey gain m, just see how market dey behave since january though we dey bull season but any small dip you go see news about hundreds millions way traders don lost from leverage while the HODLers dey continue to make profit, traders dey get wins and lost. If you try calculate the total money way don lost for leverage this year you go see say the money don reach billions. JUST HODL
As a newbies to cryptocurrency in general, if you don’t come into the market with the intention of trading, the best thing to do is to Hold. As a newbie also, coming into the market with the intention of holding can still be first learned while holding to some coins and watch how the market transgress. Crypto trading and Hodling cryptocurrency are two different things that you need to trade and learn carefully. In as much as holding doesn’t need you to have plenty knowledge on it, you can always learn how to treat your emotions first because they’re very important when it comes to holding. Trading that requires more knowledge, after learning the basics, it isn’t bad to start trading from a demo account before gettin perfect but be ready to lose more money as it can cause you more lost than holding.
As for me, I'm a trader, I see it as an exercise to get more knowledge in the cypto market, so I trade everyday.
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Yes you are right is meant for a newbie to go deep down practice, practice make perfect, before any engagement at least to have a little idea of crypto currency trading and also make a difference research of that crypto currency.
This year suppose to be open eye for everyone say na HODLers dey gain m, just see how market dey behave since january though we dey bull season but any small dip you go see news about hundreds millions way traders don lost from leverage while the HODLers dey continue to make profit, traders dey get wins and lost. If you try calculate the total money way don lost for leverage this year you go see say the money don reach billions. JUST HODL
As a newbies to cryptocurrency in general, if you don’t come into the market with the intention of trading, the best thing to do is to Hold. As a newbie also, coming into the market with the intention of holding can still be first learned while holding to some coins and watch how the market transgress. Crypto trading and Hodling cryptocurrency are two different things that you need to trade and learn carefully. In as much as holding doesn’t need you to have plenty knowledge on it, you can always learn how to treat your emotions first because they’re very important when it comes to holding. Trading that requires more knowledge, after learning the basics, it isn’t bad to start trading from a demo account before gettin perfect but be ready to lose more money as it can cause you more lost than holding.
You're very correct to some extent but as a newbie you are advice to abstain from anything trading or engaging yourself in anything that you are not yet qualify to do. Rushing things can lead you to nowhere or a point you will regret your decisions that leads to that point and in order to avoid all these I will advice you calm down, read threads thoroughly, do thorough research and also ask question not just question but relevant ones because if you ask irrelevant question you will see reply that won't be funny.
Good luck.
Good luck.
I'm not a trader but I believe trading has some prerequisites that onr needs to meet you with before they can begin to gain substantial from the market but when a newbie fails to follow this patterns then it turns out to be flaw in them hence being prone to losses.
Here in the forum a lot of people do not like trading as they only buy and hold but if you're convinced enough to go in to trading I will encourage you to do such but you most know the first and don't that are involved before you can dive in fully.
Additionally I have seen that the difference between crypto traders and crypto investors have been made clear to you. Although we can use the world bitcoin instead of crypto investors because the way it seems it's more about holding bitcoin than any other coin.
Here in the forum a lot of people do not like trading as they only buy and hold but if you're convinced enough to go in to trading I will encourage you to do such but you most know the first and don't that are involved before you can dive in fully.
Additionally I have seen that the difference between crypto traders and crypto investors have been made clear to you. Although we can use the world bitcoin instead of crypto investors because the way it seems it's more about holding bitcoin than any other coin.
All you need is to pay serious attention to the forum and to learn how to make good sentence,also to observe from the senior members how they pay more attention to any topic that drop in this forum and how they follow up the topic,this are what every newbies should do
As a beginner, I will advise you to learn very well before embarking your trading journey if not you will be dashing them your money dem like. Me to don experienced am so if I see newbie dey tok about trading, I no dey advise am at all. And as a newbie you dey advise another newbies again omen make everyone no go fall inside the trap oh because that please is place dat is very dangerous. Op instead of coaching people on trading why don't you coach them on investment which have less risk. Investment no need too much trading but the basic knowledge about bitcoin is okay to start with before the person need the deep part later when him don know how to buy, sell and others.
Then through there, he can learn how to trade which di thing go even easy for am.
Then through there, he can learn how to trade which di thing go even easy for am.
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Op first of all you are welcome to the forum. E get one talk wey our people dey talk say, learning never ends, even I dey like this I still dey learn everyday. And that Na good sign say person ready to grow for this life. As newbie wey com Jam place like this, your learning speed Na go determines how far you go go. Crypto currency Na something wey no too hard Na we just dey see like say Na one hard thing. Once you learn the basics, you are good to go, you fit start trading and other stuffs, while you still dey develop more experience by physically interacting with the network.
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Well, the reason why you see comments like don’t trade and avoid trade is because any trader who lack the knowledge will not make profit at start and I believe you want to start trade and expect the profit to come so quick, this is normal and common, newly traders expect profit without passing through the learning process. Trading is not guaranteed 100% even an experienced trader can sometimes fail during the process but they’ll never share their experience so you don’t feel scared. When trading get so hard holding can stand as another alternative but I feel the need encouraging anyone who want to trade, note, don’t run after signals and other speculation because sometimes signals can be false and they share those signals for gain not minding your loss or gain but for their selfish interest .
Why most of us newbie do fall for big lose is that we only look up to people talking about their big wins and millions they win from the trading while we totally forget to think about what they've lose before getting such millions some have even lose more than what they tell you they win
So my little advice for everyone of us is to focus on reading and learn more
If in anyway you want to make an investment seek advice from the expert in the business before jumping in to the market
So my little advice for everyone of us is to focus on reading and learn more
If in anyway you want to make an investment seek advice from the expert in the business before jumping in to the market
New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.
Newbies becomes more expose to opportunities and they should used all means to grab these counting figures. Cryptocurrency is here to stay and we should always put in mind that we're here to grab huge figures in the market and not minding the possible techniques to explore. It's crucially important to observe the market and become one of the promising measures to follow. Beginners shouldn't rush the market rather they should settled down and examined the market and place strong analysis. Jump to: