Topic: Beginner Traders Should Follow This To Be An Experienced Trader (Read 260 times)

When I first enter futures trading at the first month of this year I usually practice in binance testnet they said practice makes you succeed in trading but in a real money trading the emotion is really high especially if youre unsure of what you are doing and no idea where the market is going I never forget on the first days of trading I lost almost $100 in just 10 minutes, you need to learn and study TA slowly and listen to other analysis from experienced trader inorder to avoid big loss and get rekt.

That's right. Even professional traders that has a lot of experience still lose a lot on trading, so its not really recommendable for someone whose trying out his luck to gain fortune. But there is a saying experience teaches you better, some cope with it, but the problem is many have become greedy and overconfidence resulting on their huge losses. Discipline is important when doing trading, learn to leave if you hit what your target profit. Wanting more and more could end up in losing instead winning.

It's not easy to become "experienced", just because you traded a lot doesn't mean that you will get better at it. People even might start losing money when they get more experienced, because they start getting cocky.


I know, and I'm saying that maybe some users would better rethink their decisions to become traders, it's extremely risky and lots of people who come to crypto don't have any sort of safety net, meaning they shouldn't invest much because they can't really afford to lose it. And all the time spend on learning to trade would be better spent on developing skills that can help them lend some real jobs.

To be fair, OP said this is for beginner traders, not newcomers to crypto in general. Traders, regardless of their experience with crypto itself, have to start somewhere, and these practice accounts are probably as good a jumping point as any. Who knows, they might be dissuaded by losing their fake money making bad trades, preventing them from losing real money in the future lol.

I personally wouldn't recommend trading either, but can't deny that some people do make money from it, and that some others are even consistently successful with it. The odds are generally going to be against you, but there's really no way to know how well you'd do if you don't try (hopefully while minimizing losses).

I never actually done any practice mode for trading, maybe during that time I dont know some of these platforms. But Im glad that I learned little bit about trading and applied using Binance futures. They say Bitmex is also a good platform but never tried it.

I like the Koinpro set up for trading cause they are diversed and well spread and not just focus primarily on cryptocurrency but other such as gold, oil and even stocks.

Partly agree. For newbies and beginners, crypto trading is not a good hub for starters, but for some experienced one, they can take advantage of its volatility and marginal movements. I hate to say, but I loss more than what I gained but thats how it works. The question lies is how confidence you are and how big is your risk apetite cause sometime it can give you good profits with a right timing.

People should stop thinking about trading/speculation as a viable carrier for beginners - it's absolutely not like a real job where you put your time and get money, in trading you can easily lose money, no matter what your experience is. And crypto is one of the worst places to trade, there's a lot of manipulation, pump and dump schemes, shills, shady exchanges, etc.

There's no easy money in crypto anymore, there used to be times when bounties/faucets/airdrops etc. were profitable, but those times where the product of explosive growth of Bitcoin, this won't happen again. Don't look for shortcuts, find a real job and use your income to carefully invest in BTC.

FTFY

I am 100% agree demo trading websites are extremely helpful for traders, especially those starting to trade or newbies.
If you have low funds, instead of practicing and making a small order in such exchanges, its better to start with trading exchange demo.
Btw, here is also alternative trading exchange demo: https://testnet.bitmex.com/
Testnet of Bitmex, you can also long or short the market.

It is always good to know this type of sites, remember that both Bitmex and Bitfinex, among other Tier 1A exchanges, also have the option of trading in play money.

Very few people practice trading with play money, because the emotion is stronger and sometimes there are those who think they are losing luck, but the important thing about this type of training is that you learn to know the platform and apply the plans. and strategies that are created.

Your Speech is not Wrong.But without practicing golf by experimental swing we can't hit accurately in real game.Actually it will help all beginners to make an environment for practicing trading.If a beginner trade with the real money he will loss them and won't teach anything and will be frustrated.So it will help him in all side.And you are also right with your opinion.

Demo site can be helpful, and gives new trader a picture of how trading is. But demo sites is not the real thing
+You are less under pressure in demo site -you not trading with real money-
+ A success in trading in demo site doesn't mean you can't make a lost in the real game

Demo site is helpful but what's a demo site to a beginner -its just like an experimental swing at a golf ball-, as a beginner you do the  reading, learning first, demo site is like a practical which will come after you have some knowledge in the head.

Now a days crypto  trading is a big opportunity to earn money and it's really very tricky to learn and earn money with technical analysis.I think most of the users are interested in crypto trading but as a beginner they are very afraid about trading.Because newbies are losing money in trading because of their zero experience.I also Lost a big amount in trading at the beginning.So today I am sharing a tips with all beginners.

To success in Crypto trading we must gather experience and must do technical analysis.Without trading experience opening any position in trading like suicide.So My opinion is to use some demo exchange sites where you can Practice trading with fake money.There you will get facilities like a real exchange site and you can easily make analysis and open orders.It will help you a lot without losing your hard earned money.

So I am sharing this new exchange site where you will get those facilities to trade with fake money like a professional.Fo this Just Register and go for PRACTICE ACCOUNT.

Site: KoinPro Exchange

Here are some Interfaces:
You can use it in Desktop Mod with a very user-friendly Look



Another Order created by me and I received almost 35$ profit which is a good start for being a successful trader in future.And you can easily follow the chart and make any technical analysis for confirmation.Here is the details with mark.



And You can use it if you are regular with mobile Interface.



Thanks all and Hope this demo site will help you a lot to be experienced trader and to trade fluently for learning without any risk of your funds. So first go for learning and then start trading using own experience.
I will share more demo sites with instructions if you guys want.And I more thing ''First Learn, Then Earn"

NB: Please Make Own Research Before Investing In Any Investment Related Site.