My advice to new traders is
1. Make sure you invest what you can afford to lose and start with the smallest amount possible
2. Look for new coins with good partners, such as top exchanges and well-known investors
3. Research every coin adequately and go for a project with proper valuations and a shorter roadmap that can not trap your investments beyond the expected bull market
4. To be in a safe position, invest more in coins before Bitcoin halving and maybe 2 months after
Topic: How did you overcome the hurdles and gain confidence to trade as a Newbie? - page 7. (Read 797 times)
November 15, 2023, 06:54:09 AM
November 15, 2023, 06:46:52 AM
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
The simple answer is "Don't get too excited trading the market but rather learn and get more prepared for the challenges ahead." Trading is not as simple and easy as the newbies think, and even if you are lucky as a newbie, the luck can't last for long, which is why it's very good to zero your anxiety/emotion and face the market according to how it comes to you (challenging).I tell you, it's not gonna be a rosy experience at first, and perhaps the first years, it won't be as trading needs a lot from the trader before success would be made. The trader must be wise, smart, calculative, disciplined and mature as they learn and regularly train about the market. It's not enough to learn and train but also be creative in the interpretation and work with a balanced psychology for your success to be ascertained.
In summary, just work more on a trading system, management and good psychology, and I believe you might be a good trader over time. However, the psychological part is often least talked about and might be what is lacking that many traders continue to lose their money.
November 15, 2023, 06:44:18 AM
Some confidence are stupidity. One of the stupidity is to gamble with coins and thinking that you are trading but instead you are a gambler. Another is to use a high leverage that will make you to continue to lose. Another one is when you are not using the amount of money that you can afford to lose. It is better not to have confidence and not trade if not following the trading rules.
November 15, 2023, 06:25:58 AM
Entering the world of Bitcoin trading can be both exciting and daunting, especially for newcomers. The volatile nature of cryptocurrency markets and the plethora of information available can sometimes overwhelm new traders.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
Todays question i would share how we overcame these hurdles and gain confidence to trade as a Newbie?.
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