some traders have also experienced losses that are not small, that's the risk of being a trader!! So don't give up, don't despair, don't rush and keep learning. remember being a professional trader is not an instant thing
The OP is a risk-taker that using x5 to x10 leverage on his futures trading despite he has no deep knowledge on market analysis. Even professional traders experience losses in trading but pro traders never take huge leverage when they are doing futures trading especially in crypto since the volatility of the is both up and down in a just a split seconds so your position will always hit stop loss or liquidation if you have a regular position size which typical traders has. 
Topic: Can you help out a newbie trader please? - page 2. (Read 317 times)
I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed.
If you do not have the ability to analyze market patterns, it is not recommended to trade leverage because it is very risky, you better learn to trade properly and practice for market accuracy in spot trading. I even prefer spot trading to leverage trading because it is very risky to lose margin when market conditions are volatile.
I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed.
If you do not have the ability to analyze market patterns, it is not recommended to trade leverage because it is very risky, you better learn to trade properly and practice for market accuracy in spot trading. I even prefer spot trading to leverage trading because it is very risky to lose margin when market conditions are volatile. 
There is actually a lot you should learn before jumping into the world of cryptocurrency if you are a newbie.
The first is what is your goal, if you trade, you must learn fundamental analysis and at least technically understand the basics.
Not only that, learning asset management and experience is also very necessary, if you are satisfied with all that then it is time to really target consistent profits from the money you invest.
The first is what is your goal, if you trade, you must learn fundamental analysis and at least technically understand the basics.
Not only that, learning asset management and experience is also very necessary, if you are satisfied with all that then it is time to really target consistent profits from the money you invest.
You can't venture into trading without knowing the basic concept of trading, at least knowing the elementary foundation of cryptocurrency
trading will make you understand or microscope the loopholes of trading, because without done that you will adventure into huge lost of capital. I will advice you to make more research of trading by downloading articles of trading and read, also watch some basic analysis via YouTube channel or video, so after going through them all, i think you will be able to understand the concept as a newbie before you continue your trading.
trading will make you understand or microscope the loopholes of trading, because without done that you will adventure into huge lost of capital. I will advice you to make more research of trading by downloading articles of trading and read, also watch some basic analysis via YouTube channel or video, so after going through them all, i think you will be able to understand the concept as a newbie before you continue your trading.
some traders have also experienced losses that are not small, that's the risk of being a trader!! So don't give up, don't despair, don't rush and keep learning. remember being a professional trader is not an instant thing
As the title says, will any be so kind as to help an aspiring trader like me? I have read and watched dozens of articles and videos online as long they are free but I still suck at trading and the patterns along with the ways never seem to work. I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed. I try my best but all the information available online are soo intimidating and are bombarding me. I do not know where to focus and I am at the verge of giving up. Making this post is my last push to learn trading. Some may suggest paid knowledge or getting myself a mentor but too bad it's pretty expensive for me right now. I just hope someone here can suggest what I should focus on learning about first or what strategies to focus on first as a beginner. Thank you so much for anyone who would help.
Why do you want to trade? Do you want to lose money? 95% of people lose money trading. You're also trying to use leverage to accelerate your deposit to zero. Trading is a dangerous profession and even if you take a course somewhere, it guarantees absolutely nothing that you will start making money right away. If everything were that easy, everyone would be millionaires by now.
I would recommend you to reconsider your attitude to all this and devote your time to study the crypto industry for further proper investment.
Yes it's true that many people now choose to trade, they think trading is an easy thing.
Even though 60% of them lost a lot of money when they bought the wrong coin for trading.
And I totally agree if we prefer to invest only with coins that have potential.
As the title says, will any be so kind as to help an aspiring trader like me? I have read and watched dozens of articles and videos online as long they are free but I still suck at trading and the patterns along with the ways never seem to work. I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed. I try my best but all the information available online are soo intimidating and are bombarding me. I do not know where to focus and I am at the verge of giving up. Making this post is my last push to learn trading. Some may suggest paid knowledge or getting myself a mentor but too bad it's pretty expensive for me right now. I just hope someone here can suggest what I should focus on learning about first or what strategies to focus on first as a beginner. Thank you so much for anyone who would help.
First and foremost, you need to understand trading and investment. Reading articles and watching videos is a good habit/step to understanding the crypto market but you need to know what you are doing and also have a plan. Trading is all about understanding the market. If you read all these articles and watch all these videos without understanding the crypto ecosystem and market, you shouldn't trade. The best advice I can help you with is to have an investment plan and understand the market. If you are still having issues, you should consider liquid staking and long-term investments. With liquid staking, stakers have an annual percentage yield they earn. When you understand liquid staking, you can easily grow your portfolio without doing any hard work.
As the title says, will any be so kind as to help an aspiring trader like me? I have read and watched dozens of articles and videos online as long they are free but I still suck at trading and the patterns along with the ways never seem to work. I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed. I try my best but all the information available online are soo intimidating and are bombarding me. I do not know where to focus and I am at the verge of giving up. Making this post is my last push to learn trading. Some may suggest paid knowledge or getting myself a mentor but too bad it's pretty expensive for me right now. I just hope someone here can suggest what I should focus on learning about first or what strategies to focus on first as a beginner. Thank you so much for anyone who would help.
Why do you want to trade? Do you want to lose money? 95% of people lose money trading. You're also trying to use leverage to accelerate your deposit to zero. Trading is a dangerous profession and even if you take a course somewhere, it guarantees absolutely nothing that you will start making money right away. If everything were that easy, everyone would be millionaires by now.
I would recommend you to reconsider your attitude to all this and devote your time to study the crypto industry for further proper investment.
What I really want is to understand what I should befocusing on first as a trader or which skill should I strive for first. I am bormbarded by the knowledge that are out in the open I am confused what I must prioritize. Is it Fibonacci, price action, orderblocks, amd so on the list just jever ends. I would really appreciate if someone can point me towards the right knowledge I should strive to acquire first.
Spot trading or Leverage trading? choose the one that you are good and comfortable with.
I'm not an expert nor a great trader. They're right just as I guess, the problem is that you've started directly with leverage being a newbie. Start with spot and enjoy your stay there.
You don't have to rush it, I've been seeing traders that are enjoying their trades through spot and that's where they test strategies. Practice there with the minimum amount that you can and include reading of charts and candles and for sure that you're going to improve.
Studying the chart and candles will help a lot in understanding how trading works. Better take time to study it while practicing actual trading with minimal amounts to feel the excitement or pressure in it. hough playing with trading simulators can be a opportunity to learn without risk but if you have a bit pf idea in how to trade them trying with minimal amount and knowing the basica atleast of how the chart works and mean then it can be agood start. Just don’t put goo much pressure.You don't have to rush it, I've been seeing traders that are enjoying their trades through spot and that's where they test strategies. Practice there with the minimum amount that you can and include reading of charts and candles and for sure that you're going to improve.
If you get to know those lines and have understood the patterns, you can hit them with some gains. Although they're not guaranteed but at least you get the upper hand and advantage by knowing so.
I would recommend using basic long-term indicators and avoid day trading.
There are reasons for this: the market is really not easy to predict on a very short term horizon.
Gathered some resources for you here:
https://altcoinoracle.com/10-tools-to-make-the-right-crypto-investments/
There are reasons for this: the market is really not easy to predict on a very short term horizon.
Gathered some resources for you here:
https://altcoinoracle.com/10-tools-to-make-the-right-crypto-investments/
To master trading takes a long time maybe years it is better to start with spot trading and master scalping and arbitrage
As the title says, will any be so kind as to help an aspiring trader like me? I have read and watched dozens of articles and videos online as long they are free but I still suck at trading and the patterns along with the ways never seem to work. I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed. I try my best but all the information available online are soo intimidating and are bombarding me. I do not know where to focus and I am at the verge of giving up. Making this post is my last push to learn trading. Some may suggest paid knowledge or getting myself a mentor but too bad it's pretty expensive for me right now. I just hope someone here can suggest what I should focus on learning about first or what strategies to focus on first as a beginner. Thank you so much for anyone who would help.
Buying on 5x-10x leverage in crypto is crazy risky. You can go to bed up and wake up getting margin called. Too volatile unless it's a small portion of your portfolio and you just want to gamble some. That's a ll that is though is gambling.
Even the best traders are avoiding high leverage. They don't just like to talk about their losses. Real whales started with low caps and succesfull people swing trade them. If you don't believe me, you should take a look what marketcap mid o high cap coins were just couple years ago. Choose coins that have potential to rise 1000x, you can find them from low caps but it takes a lot of luck.
In the early stages of learning, It is almost inevitable for you to be emotional during trading which leads to wrong decisions being made. Optimism, euphoria, panic, or anger are all important emotions we should be aware of and understand them and in doing so learn how to manage them. As we progress, we are constantly learning as we go through different trading experiences. When we see something that doesn't work, we try to analyze and see if we can avoid these kinds of situations in the future. The only way to do this is to continually learn and practice.
After you start trading, there are a number of tutorials and books that are highly effective for helping you understand what you should and shouldn't do on your strategy. There are also many people that can be found online that can help you fine tune your strategy as well. I personally advise trying to do things on your own if possible. Try to focus on what works for you rather than someone else’s process.
After you start trading, there are a number of tutorials and books that are highly effective for helping you understand what you should and shouldn't do on your strategy. There are also many people that can be found online that can help you fine tune your strategy as well. I personally advise trying to do things on your own if possible. Try to focus on what works for you rather than someone else’s process.
I think still learning self-taught is not a problem. keep using a real account with the remaining capital you have. for now of course improving psychology will be better, because you seem to lose confidence. after that, don't be oriented to immediately recover your losses, because learning to trade in my opinion is a long-term project, so we have to keep correcting every transaction, that way we will know the strengths and weaknesses of the strategy we use, because actually there is no perfect strategy
I have read the responses and am very thankful for the great advice people have been sharing. Yes, leverage is a no no for beginners but it gives much better experience on trading. I do spot trading of course and I do win a lot at spot. The thing is, spot only is favourable for bigger capital. Which is why, I am trying my best to learn leverage trading and nope, I am not greedy since I never go beyond 10x leverage in fact most of my trades are 5x. And nope, I don't chase pumps.
What I really want is to understand what I should befocusing on first as a trader or which skill should I strive for first. I am bormbarded by the knowledge that are out in the open I am confused what I must prioritize. Is it Fibonacci, price action, orderblocks, amd so on the list just jever ends. I would really appreciate if someone can point me towards the right knowledge I should strive to acquire first.
What I really want is to understand what I should befocusing on first as a trader or which skill should I strive for first. I am bormbarded by the knowledge that are out in the open I am confused what I must prioritize. Is it Fibonacci, price action, orderblocks, amd so on the list just jever ends. I would really appreciate if someone can point me towards the right knowledge I should strive to acquire first.
here I am also a beginner in terms of playing cryptocurrencies, and also including a beginner in this kind of trading, maybe right now what I see from you, you are learning about what is called "Leveragi Trading", and I think this might be your initial mistake, and a little advice from me, try to understand and learn what is called spot trading and you also try it with a minimal deposit of money first, and you have to focus on spot trading first so you don't lose the money you deposited.
For beginners who are not familiar with the market, it is generally very difficult to decide on the right strategy. as a trader i also experienced something like that when i started. you don't worry, the only way you can do when a loss occurs is to hold it. the key is you have to be patient, so before trading, don't use money that you really need in the near future, let alone borrow it. You have to use your saved money to trade, so you don't worry when the market goes down.
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