AVOID trading at all costs, unless.... - page 3.

sulendra12

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Quote from: shoreno on July 06, 2019, 05:40:16 AM

Verry well said but as a newbie you must also know your grounds or limits .

Yes, they have newbie account. But, it doesn't mean they are newbie at trading. Probably they are smarter than you :^, just saying. Don't underestimate people.
If you are keep saying like that, it means like you think newbie can't do anything. If newbie is not trying to start trading, then when?

Quote from: shoreno on July 06, 2019, 05:40:16 AM

you must not do trade with real cash/cryptos but you should practice first without value involve . there are sites that offers free trading program and courses which you can use to sharpen your skills . you can then use demo trading platform to apply what have you learnt .

Demo trading sucks. You can't feel the emotion once you fail.

shoreno

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Quote from: Xalata on July 06, 2019, 04:09:03 AM

I don't agree with you. Newbies should be allowed to experiment with trading, else they will never learn. You don't have to avoid something just because it is scary or other people have failed. Consider all those that have succeeded, you can be one of them when you learn from them.

Verry well said but as a newbie you must also know your grounds or limits . you must not do trade with real cash/cryptos but you should practice first without value involve . there are sites that offers free trading program and courses which you can use to sharpen your skills . you can then use demo trading platform to apply what have you learnt .

after all of those you are now ready to step outside and do the actual trade but you must start with smaller amounts and you can graudually increase it up to the amount that you can afford to loose .

Questat

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Quote from: Xalata on July 06, 2019, 04:09:03 AM

I don't agree with you. Newbies should be allowed to experiment with trading, else they will never learn. You don't have to avoid something just because it is scary or other people have failed. Consider all those that have succeeded, you can be one of them when you learn from them.

I second this, everyone is allowed to trade, even newbie.
As long as we know what is required in trading to be successful then we should try and make a journey, of course every journey starts small.

Trading is with risk, you cannot be aggressive at the start, of course you will make more mistakes being a newbie, but if you learn and survive, there's a chance for you to make this a long term success.

Xalata

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I don't agree with you. Newbies should be allowed to experiment with trading, else they will never learn. You don't have to avoid something just because it is scary or other people have failed. Consider all those that have succeeded, you can be one of them when you learn from them.

0zero0

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Everybody is a newbie at some point of time. This doesn't mean they should not try for what they desire.
Failing are the stepping stones to success. Avoiding trade just because they are new to it wouldn't be the advice I would give to somebody.
In my opinion a person should try and learn from their mistakes. This is how they grow and evolve and get experienced in that field.

Viscore

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Quote from: dark08 on July 05, 2019, 06:31:01 PM

Quote from: jakoylantern on July 05, 2019, 11:18:41 AM

For me, don't avoid trading, especially if you want to become an expert in trading. You must know about trading ( skills, knowledge, techniques and also a massive research analyst) if you're going to call your self a pro, so if you are a newbie and losing affordable money, so be it. I’m sure that all trader lose money is either massive or a meager amount. Just don’t spend or invest some money that you can’t afford to lose.

Yes dont lose hope on trading even if you dont have any skill on technical analysis or reading candle etc. because experience on trading is a good learning to achieve your goal. I'm sure all trader that entering in trading industry experience to losing trade.

Right. Never be afraid on taking risks in trading even if you are still a newbie because experience is better than reading alone. But it could give you more benefits if you also give some time in reading articles in trading and apply it in some of your experiences. And don't forget to trade only what you can afford to lose especially if you're still a beginner.

dark08

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Quote from: jakoylantern on July 05, 2019, 11:18:41 AM

For me, don't avoid trading, especially if you want to become an expert in trading. You must know about trading ( skills, knowledge, techniques and also a massive research analyst) if you're going to call your self a pro, so if you are a newbie and losing affordable money, so be it. I’m sure that all trader lose money is either massive or a meager amount. Just don’t spend or invest some money that you can’t afford to lose.

Yes dont lose hope on trading even if you dont have any skill on technical analysis or reading candle etc. because experience on trading is a good learning to achieve your goal. I'm sure all trader that entering in trading industry experience to losing trade.

Pom_bensin

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Quote from: Bossian on July 04, 2019, 04:55:10 AM

...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.

Too many newbies get burnt.

Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.

There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span. Cheesy

My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.

Best of luck.

trading is not an arbitrary thing to do without analysis. if trading is done with all accounts prepare to lose because it is one of the greedy acts. trading doesn't know that

Coyster

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Quote from: Bagaji on July 05, 2019, 04:11:20 PM

Op, you have mentioned some good advise but sometimes one really need to try something, else you will not know whether you can trade and make profit.

One should not just simply try out day trading for the sake of it, it is quite tasking and requires some basic knowledge that must be acquired for success.
Just as OP said, if that knowledge is lacking, then it's best to just buy and hodl for a long period of time.

TheBusstop

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i doubt if such message can be avoided in the trading system. Most people do try their luck by going all in on one trade with all their money. few has been successful with such move while a huge amount of people has got burn. most time it is good to split your trade no matter how professional you are.

travwill

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As a rule, a small number of beginners begin to trade without any knowledge. Most always learn the basics and common mistakes. After reviewing all the basic information they go into battle. Problems begin when an inexperienced trader ceases to act according to the initial careful plans, but begins to take risks, as a result of which, having got into a difficult situation, they do not know how to get out of it, and make even more mistakes.

Oilacris

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Quote from: ololajulo on July 05, 2019, 05:33:26 PM

Quote from: Bossian on July 04, 2019, 04:55:10 AM

...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.

My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.

patience is required but I dont think it is up to 3 years, except for projects with a very long road map, some that could require some physical construction which are likely need with longer period to get a product that generate a good demand of it token volume on exchange.

Patience do really have 2 possible outcomes depending on the thing on what you are waiting for because it can also lead up to losses

or missing out chances to make money when theres a pump before it dies.You don't only need patience but also you do need to be wise
on making your decisions.

Bagaji

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Op, you have mentioned some good advise but sometimes one really need to try something, else you will not know whether you can trade and make profit.

Nhebu

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That is why it is preferable for a newbie to trade his excess amount only. There are many traders that lose already in trading. Some of them are those who are starting to know how to trade. Its sad to say that only few people have risk management in trading because many of us are entering this industry without prior knowledge. What I mean is that, some already lend their money without knowing how the risk they will take.

partysaurus

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Quote from: Bossian on July 04, 2019, 04:55:10 AM

...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.

Too many newbies get burnt.

Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.

There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span. Cheesy

My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.

Best of luck.

think that is the no.1 reason people here are not millioners to be honest, read about some guy that had 100 btc and started trading now he has 5, its very risky and it might seem easy, but its realy not. its very hard to be a winner long term.

ololajulo

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Quote from: Bossian on July 04, 2019, 04:55:10 AM

...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.

My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.

patience is required but I dont think it is up to 3 years, except for projects with a very long road map, some that could require some physical construction which are likely need with longer period to get a product that generate a good demand of it token volume on exchange.

adzino

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Quote from: Bossian on July 04, 2019, 04:55:10 AM

...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.

Too many newbies get burnt.

Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.

There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span. Cheesy

My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.

Best of luck.

And how would someone learn all those stuffs? How would a person get to learn about the graph, clouds, candles and all other stuffs related to trading unless they try it first? Experience matter. To gain experience one will have to give it a try. You may not succeed in trading first but you will eventually as you gain more experience from time to time. Even your mistakes are a part of your learning phase!

arpon11

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Quote from: Bossian on July 04, 2019, 04:55:10 AM

...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.

Too many newbies get burnt.

Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.

There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span. Cheesy

My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.

Best of luck.

Trading actually is not for everyone and it needs special skills and knowledge in other to succeed in it. This warning is scarring but that is the truth! According to the experts in forex, stocks and commodities trading, "About 95% of traders lose money and only 5% makes profits from trading consistently". Trading is not for newbies and except you can show profits in your demo account you should not put in really money into trading as you are going to lose. It is actually better to put in your money in buying Bitcoin and ethereum and hold them for some time and sell when you think you are in profits.

sujonali1819

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Nobody ride in cylce by reading book. Nobody can play good without any practice. Thus you can not be experienced in trading without trying any trade in exchange. So by learning from book everybody should practice with little amount then people can experienced. Thanks

guoyu78

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Newbies does not need to be advised before they know that they really need serious experience first before embarking on the journey of trading. Trading is really not very easy, any professional trader will tell them the hell they have gone through before becoming a pro trader, and I am sure that no pro trader would just wake up to become pro without first learning for a very long time.

All we are after is profit, and long term investment also does the same, any one that is not patient cannot trade, and most of the newbies we have now are not patient at all in trading, they fall for fomo and same time are always victims of panic sell, many of them even do not want to study thoroughly first, and these are the basic steps to take before investing.It took me good one year of long-term investment and thoroughly studying the crypto industry before I started trading.

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