Topic: As a newbie to crypto currency - page 4. (Read 902 times)

Yeah, this one too na true, most people you see today  posting how successful they have been in trading won’t tell how much dem don lose for trading, nobody go post him loss na. So as a newbie wey Dey really plan to go into trading, first try to make so much research, and again make u try get mentor, all these go help you and while u de make research make u no still trade oo until u don know say you don learn so much tins then u can consider trading, advisably start with a demo account for a while then once you are getting it right you fit consider to trade for real account.

And again if you wan start, start with a low capital, start with money wey you fit afford to lose, so even if you later lose the money for trading it won’t affect you, but once you invest with your saving and you come lose e fit discourage you sef from trading. So as a newbie take note of these.

To me I don't see trading as a bad indulgences in the above-mentioned. The only outlook to be considered before venturing is to ensure what side is better of foe you to handle in both finances, emotions and your goals.
So while we're discussing about the crypto sphere with it's investment on this thread, I consider the Op not to had been much knowledgeable to differentiate between traders and investors in the crypto world so I think it's necessary to be let known so that there wouldn't be misconceptions in anyway way while we're in their crypto industry.

Crypto Investors: These are long term crypto holders who buy a specific cryptocoin or variety of Cryptocurrencies to hold with a personal decision to buy more and accumulates and keep holding for a long period of time specifically to catch up a goal with the analytical scalability of the market cap dependently on a target to make profits and utilizes your income.

Crypto Traders: Crypto traders are simply those crypto dealers who basically based on buying and selling without undermining the sentiments such as current market price.
They're specifically on quick chasing incomes in the exchange at short terms.

After the brief, it's encouraged and advisable for beginners to lean at the side of investors in holding and analysing the market trends, accumulate and have an analytical investing structure of a long term goal so that you can always grow in wealth of making profits other than selling your assets immediately after just as the traders may do.
Although that doesn't roughly termed traders to be on the wrong side. Analogically, trading is for experienced individuals because it's a critical and broad system of investment.

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

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.