Topic: How to overcome my fear and how to start trading? - page 18. (Read 34706 times)
If we look at the crypto market in broad ways the features are more than our thoughts but now it is our turn to make money with it and if we do things on right time we will not be the fear one people but we can be fearless in the life as well as now the big problems is money so we can start good business with bitcoin and if you are new to trade first you should examine the market and after some time you will feel good.
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.
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.
For me I am afraid that I might do a wrong transaction. I know that gor the beginner/newbies that it is too risky to do the trading. But if I already know how to do the trading then It will not be risky already but I do not know how will I start my trading. I need some advice on what steps should I do to start mt trading and what platform trading is good.
One thing should be consider for a newb on trading is that it is not always a win for every trade
I am afraid at first you cant rely this on your daily living
at previously mention by others , start small capital for learning
Aim to learn and build confidence
a lot of learning material stuffs online and videos free
starting on reading charts, join groups and chat with them
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.
You should know there's risk in every activity, understand that before enter the market. Fear is good, it will make you think twice and calculate again before replace transactions. To overcome fear just follow your rules, do that and never ask again. Rules is limit, obey that you will bankrupt.
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.
For me I am afraid that I might do a wrong transaction. I know that gor the beginner/newbies that it is too risky to do the trading. But if I already know how to do the trading then It will not be risky already but I do not know how will I start my trading. I need some advice on what steps should I do to start mt trading and what platform trading is good.
Just to let you know, trading in general is quite risks whether or not you're a beginner. The key is to just have proper risk management.
A good exchange to start with would be Binance[1].
For articles and guides about crypto trading, head over to https://lopp.net/bitcoin.html and scroll down to the trading section. That's probably a month's worth of learning content for you.
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.
For me I am afraid that I might do a wrong transaction. I know that gor the beginner/newbies that it is too risky to do the trading. But if I already know how to do the trading then It will not be risky already but I do not know how will I start my trading. I need some advice on what steps should I do to start mt trading and what platform trading is good.
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.
To improve your mentality, you should first accept that everything is hard at first, but you will learn and get better overtime.
For trading, noobs are the most profitable sources for professional trades. You come to a trade get scared buy high sell low which give money to the rich and make yourself a failure. All of that is because of your mentality.
I would suggest you to read books first to improve your skills so that you'll be more confident entering a trade.
For trading, noobs are the most profitable sources for professional trades. You come to a trade get scared buy high sell low which give money to the rich and make yourself a failure. All of that is because of your mentality.
I would suggest you to read books first to improve your skills so that you'll be more confident entering a trade.
Only allocate a very small amount for your trading as you're quite new, and as you're still in the learning stage. Just so it wouldn't affect you that much if you lose your trades. You're very unlikely to make money while still starting out anyway.
Firstly you have to use money that afford to loss, and then you have to learn technical analysis to determine support and resistance area to decide best are price to buy and sell. After that learn also about risk management to minimize the risk, like use stop loss whenever bought crypto, and you should be have monthly target profit.
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.
Jump to: