Topic: How to overcome my fear and how to start trading? - page 17. (Read 34690 times)
I really think if you're entering into trading with a view to earn daily you might panic if you start losing. So, my advice is to only trade with what you can afford to lose and slowly build your way up.
The way I see how you should overcome fear is to know the unknown. Thus, I would recommend you to read as many online guides around as possible (here's my favorite https://www.cryptocointrade.com/). Read about trading in general, about cryptos, their supply, mining, platforms they are in, how the market moves, where you can get news, and what instruments/strategies exist that can help you.
Once you nail that info down, learn how to do simple technical and fundamental analysis on your own and then seek out free ones out there (in the link I've provided, their Facebook group has those though simple for starters). As the last step before you trade, you have several platforms that offer free demo accounts. There, you can open up orders for free and trade with virtual money to get the feel. Once you can see several consecutive wins, start with small amount of money, like $100. Then, gradually increase as you make money. If you do not, then pause a bit, try again with everything.
Just make sure you do not fall into the trap of click-baits and do not listen to people that spout prices and numbers as if they are God-given to educate all of us.
YouTube also has plenty of traders that record their own activities, so these are good to look at from time to time
Once you nail that info down, learn how to do simple technical and fundamental analysis on your own and then seek out free ones out there (in the link I've provided, their Facebook group has those though simple for starters). As the last step before you trade, you have several platforms that offer free demo accounts. There, you can open up orders for free and trade with virtual money to get the feel. Once you can see several consecutive wins, start with small amount of money, like $100. Then, gradually increase as you make money. If you do not, then pause a bit, try again with everything.
Just make sure you do not fall into the trap of click-baits and do not listen to people that spout prices and numbers as if they are God-given to educate all of us.
YouTube also has plenty of traders that record their own activities, so these are good to look at from time to time
You need to start with money you are willing to lose, because sorry but you will definetely lose money, but don't forget every lesson has some cost.
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
The first thing I think you should do is thinking about the purpose you came to this job. That is the biggest motivation, but you have to consider whether you really have the ability to become a trader or not. After all that, if you still feel scared, it means you are not fit for the job.
Paper trading.
Watch & analyze the markets, make paper traders and see what the outcome is if you would've taken trade there. If it went south, analyze why. If it went as expected, analyze why.
Analyze -> execute -> analyze the outcome -> win or learn -> repeat untill comfortable with your own analysis.
After that and only after that i'd recommend you using money.
No reason to throw money away when learning how to trade when you can do it for free. The odds of you starting to make money right from the get go are very, very slim.
Watch & analyze the markets, make paper traders and see what the outcome is if you would've taken trade there. If it went south, analyze why. If it went as expected, analyze why.
Analyze -> execute -> analyze the outcome -> win or learn -> repeat untill comfortable with your own analysis.
After that and only after that i'd recommend you using money.
No reason to throw money away when learning how to trade when you can do it for free. The odds of you starting to make money right from the get go are very, very slim.
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
It's hard for a newbie, Everyone has to go through that period. But after researching about this market, Understand how crypto works (at the basic level) and operations of the exchanges (put a sell and buy order), you can use a small amount of your money to start. Then use your fund if you're doing well!
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
I think you can overcome your fear in trading just by doing an own research so that you can easily learn it that can develop your strategy and can help you to minimize the risk of lossing a money in trading. I also think you should start input a small amount of money while you are new in trading because their are a lot of losses that we are experienced in trading for the first time on which can teach us a lot of new lessons that can help us to generate more profit in the future. 
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
If you want to make money in short term then you should do day trading with appropriate capital based on your trading pairs,if it is going to be bitcoin then you needs about $5000 to cover the commision and the transaction fee.You only can over come your fear by experiencing that what makes you afraid of. Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
One thing that would hinder you in trading objectively would be focusing too much on earning money that would make you greedy and would end up to more losses most probably. The first one to develop OP in trading is to have your emotions in check so that you can trade rationally and would follow your plan. As to how to overcome your fear, it would only be managed by trading always until such time that you will be used to it and can trade without minding your emotions.
I have been having this same fear before and I will advise you never to put money in trade if this fear is not deal with as cryptocurrencies market is a very risky market and you can lose all you risk capital if you buy any coin at the wrong time and price. Knowledge and skills is what terminate fear and you should never be discouraged in learning.
Continuous learning is the key and you would not be able to acquire it in just a snap. It is a step by step process and you should have patience and not be rush when it comes to decision making. From OP's statement, it seems that he has no other source of income and he hopes that he can earn in trading and there is no nothing wrong with it but it would be very risky on his part because he would be emotional then. He should learn trading first without focusing that much on earning bigger profit because it will come naturally when he knows what he is doing.
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
Jere is the thing you need to do to overcome the bad outcome or rather resuslts of being a trader who may fail.
1. It is to overcome it the failure so, in other words expect the unexpected of fail. Handle it
2. Due to failure do not panick and think of you will sell or hold you might regret it in the end.
3. A true traders waits so, they will seek get you investment back to the top. Hold!
4. When you invest please only invest an amount of money that you are already handle to lose.
5. Buy low and sell it high.
Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.
First, what are you afraid of? Losing your money? Not gaining sny profit? These two sre inevitable and you should just accept the fact that there is always a risk that comes with trading.
You can start day trading if you need to profit daily.
There is a really good article about it and some begginers questions that is answered in here: https://www.bitdegree.org/tutorials/day-trading-cryptocurrency/
You should keep in mind that with day trading, there is much more risk compared to long term holding so you may want to have a separate money for your trading and your funds for daily expenses.
This is common nature of investor. They afraid to invest in bear market. In bull market there is more buying. But I think buying should in bear market. Secondly only that money should invest which is extra after daily needs. Because if there is require hold then it has no effect on daily needs.
Investors will have fear, which is inevitable, but we need to constantly exercise our will. When courage surpasses fear, we will become more mature!
Overcoming your fears can only work out for you if you are willing to learn. Without the knowledge of trading, you cannot have any strategy and without strategy, you will just end up losing big time and would wish you just held anyway.
Market is quite complex and volatile, and you will be doing your pocket more harm if you just assume trading brings huge profit, without considering the risks involved and in that case, it is better to be fearful until you are able to go through the learning process, finding a good strategy that can work well for you, starting with a very little of your funds to try out the practical aspect of your strategy for a very long time and make sure you are on the right track, and with that, you will be able to confidence in trading larger funds.
Market is quite complex and volatile, and you will be doing your pocket more harm if you just assume trading brings huge profit, without considering the risks involved and in that case, it is better to be fearful until you are able to go through the learning process, finding a good strategy that can work well for you, starting with a very little of your funds to try out the practical aspect of your strategy for a very long time and make sure you are on the right track, and with that, you will be able to confidence in trading larger funds.
I have been having this same fear before and I will advise you never to put money in trade if this fear is not deal with as cryptocurrencies market is a very risky market and you can lose all you risk capital if you buy any coin at the wrong time and price. Knowledge and skills is what terminate fear and you should never be discouraged in learning.
I believe that we all have fear as humans we have fear we don't wanted to loss and we always wanted to earn, butvwe need to understand that here in crypto we need to know that we can possibly loss and earn on this feild so then before we do trading we need to considered that we might loss or earn because everything in crypto may change in a very short period of time. 
I have been having this same fear before and I will advise you never to put money in trade if this fear is not deal with as cryptocurrencies market is a very risky market and you can lose all you risk capital if you buy any coin at the wrong time and price. Knowledge and skills is what terminate fear and you should never be discouraged in learning.
Start trading in small amounts. This will allow you to gain experience and learn to control your emotions in a period of a falling market. Owning emotions is one of the basic skills of a trader.
The more knowledge you have, the less fear you will have. Therefore, my advice to you: read more information, participate in trainings, learn to conduct market analysis and follow the news.
If you participate in trading that you still feel fear, you will always lose money. You need to continue to find ways to learn more trading experience from others or through information from Youtube, Google. With trading you are not in a hurry and never let emotions influence trading.
start by signing up on an exchange. find out which one you like best and you find most trusted with least risk of scamming you. but also beware that they will scam you eventually, that is what ALL exchanges will do.
second go to each market and watch the charts, see how they change. mostly focus on the history and see the volume and price change of each pump and dump that the altcoins had in the past and see if you can detect the signs. for instance the increased volume before they initiate the pump to shoot the price up to the moon.
third deposit some small amount of money like 0.001BTC and start trading with the experience you gained. i don't think you would miss losing $6! since it is too tiny. so you can overcome your fear while learning how things work.
and finally when you gained enough experience you can deposit a bigger amount and start earning for real.
second go to each market and watch the charts, see how they change. mostly focus on the history and see the volume and price change of each pump and dump that the altcoins had in the past and see if you can detect the signs. for instance the increased volume before they initiate the pump to shoot the price up to the moon.
third deposit some small amount of money like 0.001BTC and start trading with the experience you gained. i don't think you would miss losing $6! since it is too tiny. so you can overcome your fear while learning how things work.
and finally when you gained enough experience you can deposit a bigger amount and start earning for real.
Thanks for the answer for what exchanges is the best to use? Then what is the first step that I will do to sell my coins?
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