One approach I adopted as a newbie is to stay away from trading at all means because i already know that the risk in trading is equivalent to the risk in gambling, and most of those that ever make profits from trading also recorded alot of loses that could possibly outweigh the profits amount.
I don’t think it’s a good idea for you to discourage newbies from trading. All the professional traders you see today started as beginners, so discouraging newbies doesn’t sound well to me. If I see any newbie that wants to go into trading, all I do tell them is that they should make sure they acquire proper knowledge about trading before going into it because they can easily lose money, don’t just start trading without learning about it, and make sure you start trading with just a little amount that you know you can afford to lose, because as a beginner, you are likely going to be losing the first money you deposit to trade with, just make sure it should be a small amount, so when you keep on understanding it, then you will keep on increasing the amount you trade with.
Topic: As newbies we should know the significant risk in trading - page 2. (Read 634 times)
I wouldn't advise any newbie to start trading Immediately with your money, As a newbie, the very basic things you need to do is learn and gather lots of experience, study the reason 95% of traders lose money, which majority of them are stated in Op, and allow them stick to your memory and then avoid those mistakes when you must have started trading, this way you will have higher chances of becoming a successful trader over the long run as other things you would apply in your trading journey will now come from experience when you must have started trading, whereas psychology plays an important role in trading.
Trading is certainly not for newbies as they can only be more susceptible to losses and mistakes. Let them explore first on the basic knowledge and skills needed in trading the market so that they can set a lot of time learning and preparing theirselves on how to be potential traders. While trading can attract faster and bigger profits, but that will only be possible for professional and reliable traders, but beginner traders have definitely a lot more to learn before they can be successful and profitable in trading. 
I wouldn't advise any newbie to start trading Immediately with your money, As a newbie, the very basic things you need to do is learn and gather lots of experience, study the reason 95% of traders lose money, which majority of them are stated in Op, and allow them stick to your memory and then avoid those mistakes when you must have started trading, this way you will have higher chances of becoming a successful trader over the long run as other things you would apply in your trading journey will now come from experience when you must have started trading, whereas psychology plays an important role in trading.
- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.
Just follow the development of the price chart and if you see the percentage graphically, it's best to keep selling and wait for the price to drop again if it does and you're aiming for a profit on that coin.
Don't rush in, wait until it drops from the highest price, maybe after it rises 100% it will fall back to -20% before you buy again. Do it over and over again..
.Unless you are tracing a high volatile market, 100% is too big to realize unless you are opening your trade for long time but even at that, it's not guarantee, a coin can do 50% because of one rumor and when they sell the news later, you will have nothing left from that 50% candle either in a weekly or monthly candle, you should sell when you know you are profitable and don't be deceive by greed in trading, most often this will make you lose the little you have.
By the way, what is trading discussion doing in a beginner and help board when this is supposed to be in trading discussion thread or am I missing something.
The facts about crypto trading is that it's hard and risky, and any newbie that wants to venture into it without first acknowledging this facts might end up in disappointments and loses. I've seen influencers on social media, hyping crypto trading like it's a get rich quick scheme, they'll exergerate about how you can stay in the comfort of your home and be making money everyday and ignorant people will believe these lies.
I agree with experienced members on this thread that newbies in cryptocurrency should avoid trading, they should focus on diligently learning about it first, from online courses and materials, it's also important to have an experienced trader to guide them. There are technicalities and fundamental analysis to learn and understand first before starting, so that they can minimize loses when they start to trade.
I agree with experienced members on this thread that newbies in cryptocurrency should avoid trading, they should focus on diligently learning about it first, from online courses and materials, it's also important to have an experienced trader to guide them. There are technicalities and fundamental analysis to learn and understand first before starting, so that they can minimize loses when they start to trade.
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
Can you elaborate on this? Do you have any personal experience of this? I mean I want to know how emotions can impact trading? And how do you control your emotions when trading?
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
Can you elaborate on this? Do you have any personal experience of this? I mean I want to know how emotions can impact trading? And how do you control your emotions when trading?
You're right most people don't always take precautions before looking out to invest, this is the reason why most people always end up having bad experience in the market, is just like this meme investment there are some people who are rushing out to invest in memecoin due to the success story they heard about those old investors. so they also think that if they invest in memecoin that they will also make a huge profit unlike those early investors, without knowing that those earlier investors take their time to learn and also understand how it works before looking out to invest, that is why for use to get profited like those earlier investors we also need to take our time to learn and understand how the market works before making any investment so as to avoid losing our money.
As newbies there are lots of things we need to know and work along with. As a newbie, it is expected that one must realize that trading comes with significant risk which can lead to loss of income or finance. Therefore in order not to loss money, it is important to know the risk in trading and how to avoid being prey to losing funds.
We can be on a safe side if we observe and follow these tips when trading:
- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.
- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.
- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.
- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck
- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.
Greed has been one of the major problems of many traders even in the crypto market and we need to understand some certain mistakes they are making frequently. Making money in the crypto market need lots of skill and we all ought to be prepared to keep learning even when it looks like things are becoming tough for us to bear. It is very important for us to prepare to get the actual skill especially when it comes to risk management. We should be full prepared to take continuous precautions to avoid more loses. We can be on a safe side if we observe and follow these tips when trading:
- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.
- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.
- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.
- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck
- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.
You're right most people don't always take precautions before looking out to invest, this is the reason why most people always end up having bad experience in the market, is just like this meme investment there are some people who are rushing out to invest in memecoin due to the success story they heard about those old investors. so they also think that if they invest in memecoin that they will also make a huge profit unlike those early investors, without knowing that those earlier investors take their time to learn and also understand how it works before looking out to invest, that is why for use to get profited like those earlier investors we also need to take our time to learn and understand how the market works before making any investment so as to avoid losing our money.
As newbies there are lots of things we need to know and work along with. As a newbie, it is expected that one must realize that trading comes with significant risk which can lead to loss of income or finance. Therefore in order not to loss money, it is important to know the risk in trading and how to avoid being prey to losing funds.
We can be on a safe side if we observe and follow these tips when trading:
- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.
- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.
- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.
- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck
- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.
Greed has been one of the major problems of many traders even in the crypto market and we need to understand some certain mistakes they are making frequently. Making money in the crypto market need lots of skill and we all ought to be prepared to keep learning even when it looks like things are becoming tough for us to bear. It is very important for us to prepare to get the actual skill especially when it comes to risk management. We should be full prepared to take continuous precautions to avoid more loses. We can be on a safe side if we observe and follow these tips when trading:
- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.
- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.
- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.
- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck
- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.
- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.
everyone who is involved in trading understands that to be able to make a profit they need the right time to sell or buy, but the question is how can someone know when is the right time to make a profit? especially for beginners, it will definitely be quite difficult for them, because even professionals still have difficulty with this, let alone those who are just starting out. so this may be quite difficult for beginners and they need time and experience to be able to determine when is the best point to buy or sell.
or.... as newbies we don't trade, even pro players still have the same potential for loss as newbies, especially in the crypto market. fundamental technical analysis or whatever it is called, losing to 1 reliable influencer...lol...because the risk of trading is very high if I don't do it. but of course we still do it, because there is hope of making millions of dollars overnight, but in reality we are whale food. but if you are willing to be a pound meal, that's okay 
As newbies there are lots of things we need to know and work along with. As a newbie, it is expected that one must realize that trading comes with significant risk which can lead to loss of income or finance. Therefore in order not to loss money, it is important to know the risk in trading and how to avoid being prey to losing funds.
We can be on a safe side if we observe and follow these tips when trading:
- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.
- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.
- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.
- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck
- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.
We can be on a safe side if we observe and follow these tips when trading:
- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.
- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.
- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.
- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck
- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.
All the point you listed down here are quite valid no doubt, but you failed clarify some of them like never trade with a borrowed capital, most newbies don't actually knows how terrible it is to trade with a borrowed money, because it puts you under an unnecessary pressure, and trading requires patience, but if your capital is a borrowed money, you wouldn't be that patience enough to wait for the right set-up, just because you want to meet up, and you don't want to default on your loan repayment, and that will cost you some significant loss, if you can't be patient when trading.
In Believe that knowledge is very much important, so the thing that I feel like is the best as a newbie is to stay away from trading completely, until you are knowledgeable enough to know how to navigate your way in the market and come out profitable, if not, stay off trading, because the losses will be too much for you to handle.
- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.
Can you elaborate on this? Do you have any personal experience of this? I mean I want to know how emotions can impact trading. And how do you control your emotions when trading?
- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.
Just follow the development of the price chart and if you see the percentage graphically, it's best to keep selling and wait for the price to drop again if it does and you're aiming for a profit on that coin.
Don't rush in, wait until it drops from the highest price, maybe after it rises 100% it will fall back to -20% before you buy again. Do it over and over again..
.Knowing about what trading is,is not just for Newbies,it is for Everybody, because I believe as long we still fall victim of lose,we should still go back to try to learn more about trading.And as for Newbies who literally know nothing about it,they have to be frequent in the trading board and be very active in the discussions there,by so doing,they will know the different strategise which one can use in trading and it will work.They say experience is the best teacher,he who is informed,and knows what to do as in regards to trading,will always be on the winning side.
One thing I've come to take note of is that in life, learning is constant and no one knows it all, even as a professional trader there are some things you don't have to foget else you'll make mistakes and still fall back to taking corrections thereby learning or taking note of what caused the mistake so it won't repeat itself.I don't even think people who have zero knowledge about trading should engage in it for the first place, atleast it's good to know about something before you do it else you'll repeatedly make lots of mistakes. That's why i agree with your idea, of bringing to the notice of people without proper knowledge about trading that there's a trading discussion board where they could fall back to and gain knowledge of it.
Trading it's not like the normal way of Hodling Cryptocurrency for a long term to make profits, it's highly risky and requires one to be highly strategic, therefore involving in such without a proper understanding could make one lose lot's of funds. Well the good news is that the forum has provided users with a board where they could acquire basic understanding about trading and learn from professionals here.
Trading itself is risky irrespective of whether you trade crypto or stocks or any asset that is volatile and it's price is based on the actual demand and supply so as newbies this is what they need to understand before anything. And newbies or experienced trader can't predict the price movements so it all depends on how they handle that situation which can bring profit or loss.
Trading using borrowed funds is sin and you will feel the hell by here itself when things go wrong.
Trading using borrowed funds is sin and you will feel the hell by here itself when things go wrong.
Nailed it mate, that's what is the problem as people just put more than what they can afford to lose and they lose psychologically because they will always be worried that if the trade goes wrong they will lose it all hence ye first rule should be don't invests more than what you would afford to lose and also they shouldn't jump into futures without practice and even if they are involved in future trading they shouldn't use more than 2x leverage.
Trading itself is risky irrespective of whether you trade crypto or stocks or any asset that is volatile and it's price is based on the actual demand and supply so as newbies this is what they need to understand before anything. And newbies or experienced trader can't predict the price movements so it all depends on how they handle that situation which can bring profit or loss.
Trading using borrowed funds is sin and you will feel the hell by here itself when things go wrong.
Trading using borrowed funds is sin and you will feel the hell by here itself when things go wrong.
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As newbies there are lots of things we need to know and work along with. As a newbie, it is expected that one must realize that trading comes with significant risk which can lead to loss of income or finance. Therefore in order not to loss money, it is important to know the risk in trading and how to avoid being prey to losing funds.
We can be on a safe side if we observe and follow these tips when trading:
We can be on a safe side if we observe and follow these tips when trading:
We can be in a safe side when we get our priorities right and not follow the crowd because we feel we can make money from trading. Trading needs patience to understand the market before we drive into trading. A newbie shouldn't be trading if they don't have any experience prior to joining the crypto industry. Trading is a life skill that can either make you or break you, the sad reality is that we have more newbies that are getting broken from trading losses, trading shouldn't be engaged in when we don't know the do's and don't because there no retry after you have lost your money in the market unless you have spare capital to use and then you have to not be trying to make back the money that you have lost from you first trade.
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- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.
There are alot of stress that comes from monitoring the market and knowing exactly when to buy or sell Bitcoin or altcoins, this is why hodling will always be better than trading. Trading is quite interesting if you're killing it and making alot of profits but it can't be compared to the peace of mind that comes from hodling Bitcoin and realising profits that are astonishing. We have risk in everything in life so just choose the risk that you'll be comfortable taking and adventure into it with precautions and you'll be successful.
There is no end to know or learn whether new or old. The trading industry is very risky for both new and old. The tips you mentioned are very important for trading we can explain something easily but when we go to do it practically, we understand that it is not easy or difficult. Trading requires constant learning, lots of analysis and enough time. OP can't learn trading in a few days just by following the tips you have given. Even if I add more points to trade you have not to do this but still trading is very risky. For this, as a newbie, you need to trade with such amount of money that you have no problem losing money. Patience is the main subject in trading if you can be patient then you will gradually succeed from here.
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