Topic: Begginers in trading ( share you experiences about trading ) (Read 533 times)

Knowledge, which is one thing that will always be needed to thrive and be able to do well in anything. Most of the people I have seen today are always in a haste to do things because they just want to quickly get rich and that makes them most of the time, to not be able to take their time to learn, try as much as possible to make sure they are very sound with their decision making by practicing and before you know it they just rush into the market like you said. Unfortunately, they always get to rush out the same way they rushed in and that is how not seeking knowledge can lead someone into not ever getting it right.

Obviously, you started trading without any much knowledge, no form of practice on your strategy to back test it and then you are simply just rushing into the market. Sure thing is this, once you are approaching the market and trading really without any concrete strategy, there is always a possibility of losing something.

Now, I am not saying that loss is not something that you will not get to see over time, because even as a pro trader, you will always get to see losses once in a while, but the thing you should always consider is that, that loss is something you have to be able to manage, and without a strategy and plan, you can never be able to get that done.

When I first started the hardest part was to get information about the coins I wanted to trade. I really focused on trading clam a lot because it was used in just-dice and that was basically that, they had no other use for it but at least it had a use.

In bitcoin and crypto world finding a coin that has a use is really rare, things like ripple thats used for blockchain finance stuff, ethereum for ICO reasons, dash for masternode mastery, monero for privacy and so forth is not common, you get coins that say they do something but used nowhere.

So when I started clam was my "niche" and it really helped me out a lot because I memorized what price it is at what time of the day and really took advantage of it. It doesn't happen quite often these days since crypto got a lot bigger but if you really focus on one coin you can really get to know it a lot better.

I start in trading last week but I lost 0.02 bitcoin in other crypto coins I trade but now I keep holding bitcoin and waiting for a big price to pump to recover what i lost for me.

The truth is that it is good to have as much knowledge as you can have and not rush into things, because it is all these acquisition of knowledge that would make you to be able to come up with a good strategy in the long run in the first place. If you manage to discard the part of learning very well, and never stop learning, while trying to practice every step of the way using probably a demo platform, you will find it hard to ever be able to get it right.

Trading is an inevitable experience. If you buy your cash in exchange of food that's basically trading already. I can say that I have much experience on that but when we talk of trading cryptocurrencies well even if I am already almost 2 years in this industry, I am still a beginner. Probably because I dont trade that much and I am really having hard time understanding the mechanics of the process. I only trade when I do receive tokens from bounties and that's it.

In trading we not necesary to have knowledge all thing about technical  analysis,  if we just understanding about some indicator like moving average and bolinger band so we can jump in to trading. And the most important  thing is how to minimize the risk from high fluctuation of crypto by make risk management.

I'm sure sad story is experienced by every trader. of course this must be used as a learning for further trading capital so as not to repeat same problem. so that later we will become experienced traders

Then create a account on a trusted exchange and deposit some funds on it. I'm not a TA expert but I do read coins that I wanted to invest and just watch the price. As a beginner, I wouldn't advise you to go full TA, just try to get a feel on how trading works and just go on as you become more experience.

I'm sure that there are a lot of sad stories if you're a beginner trader. To be honest, when I started, I don't know a lot about it, I just try to get my hands right away so there's a lot of miss steps along the way but it didn't stop me. Crypto trading is a long journey, so its better if you take baby steps and learn from your mistakes.

I would not say what you need mostly is just trading experience, but knowledge is always the first thing to acquire and it is what counts the most, experience is just a way of building and acting on the knowledge you have to gain confidence over time in what you do and to be able to make quality decision without getting emotional at all.

Getting things right with trading is something that does not come easy, but to come easy, you have to realize this is a profession we are talking about, and there are so many things you will always need to learn to be a better trader over time, and also realize you cannot stop learning no matter what. I actually learned that the hard way, but it was a good thing, I realized that and I was able to amend my ways and decisions.

As a trader you suppose to have a capital first that's a no. 1 rules especially your just a newbie in trading.
Second is you must have an account in any legit exchange site platform like Binance, Kucoin, okex, coinbene and etc.
3rd you should always start at small capital investment when you buy coins then know the basic rules
Buy at low price then sell at high price, just as simple as that.

I would suggest you for to go a demo account in forex first to learn technical analysis of charts before coming to live account in crypto, as per my experience crypto price charts are not so robust as of now, although its quite good in some exchanges like Binance. I found trading in cyrpto a bit tougher to forex but long term investment in crypto is more profitable.

I started trading in October 2017, when the cryptocurrency was in the hype. Then I saw how a trader makes good money on trading and decided to try it myself. Of course, I also managed to make money in a growing market, but in the end I lost the entire deposit for correction in February. And only after that I began to study the literature on trading and learn something.

I would say the problem with most beginners when it comes to trading is that they take a lot for granted and they tend to not realize that if they end up keep having that kind of mindset of wanting to get things done fast, they will never be able to get anything done. Trading is risky, and how you are able to handle the risk is only going to be based on your level of know-how which if you do not seek first, and then try to gain some solid experience afterwards, it won't be a good experience at all.

When I started trading, I took my time in reading a lot of books and studying several things I could lay my hands on the net, and believe me, when I was confident enough, knowing that I can manage myself, I took to practice with demo and that even gave me more confidence with my strategy in which I am doing better today.

That’s why I always say that trading is not easy. If you have no trading experience you can lose all you money especially in this bearish market. It is much better that you hold your coins for some more time. Getting experience is not so difficult but need time and hard world. It is better to spend some time with an expert; you can get better knowledge and skills about trading.

I think your suggestion is good for trading platform but beginners are never knowing anything so I would like to prefer read the articles, Youtube video then try to pick best coin is the right move.
This investment is also little risky participation so we should invest in bitcoin it will make good profit in short term, mid term and long term but we must take effort in each and every move for our first trading.

If you really want to learn how to trade and be better at it then go trade it yourself and lose a lot of trades because that is when you are going to learn everything. But you have to put only small amount of funds for your trades for you not to lose everything.

To start off with, aside from the forum, I've joineda discord groups which has so many topics about trading altcoins and margin trading. It is a big help for me to read such informations about indicators and how to use it. I guess as a beginner, it's really  hard to understand well some sort of words so I have made my own research.

But to tell you the truth, my researches aren't enough for me so I requested my friend to take time and patiently teach me step by step in an actual mode of trading so I can really catch things up and learn. Basically, it works fine with me and I've still gaining more wisdom about trading.

I don’t have much experience in trading but, I know that before starting crypto trading, one should know about cryptocurrency and its future. Collect all the required information about trading. The more you learn the more you earn and another is knowledge is power. When you have complete knowledge about bitcoin you will trade in better and effective way.

Most of the beginners in trading cannot earn money in first week or maybe month they lose some of their capital because the knowledge they have is only a littel but after months it will start earning money. But you need to be patient because not all the time you earn money they have some time you lose some capital.

I also advise against CEX. I never really liked this service.
The exchange is best selected in terms of the largest possible volume - the list of exchanges can be found on www.Coinmarketcap.com
Of course, fees and service history are also very important.

At the beginning you should start with very small amounts, because cryptocurrency world is a high risk market. To be good in that look for Traders channel here on forum and on Telegram. Read, read and read - it is the key.