Is margin trading good for beginners ? - page 5.

techearn17

member

Activity: 518

Merit: 81

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

Hello Everyone.

I want to know your opinion on margin trading is it good for beginners or not?

This will be the biggest mistake that early people make. These people will never be seen in the market again. I will not ask anyone to trade margin. If you do not hear, do not take more than 5x

Phrahm

newbie

Activity: 8

Merit: 0

From the very beginning, I started using the leverage provided by Amarkets in the amount of 1: 1000, and I can say that there were no particular problems in the principle, because before that I went through full training and was able to start working correctly using this condition.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Binance leverage was adjusted afaik it's just 20x. But it is still not a safe environment for beginners despite that. When the market goes the opposite direction against your bet 20x is still the biggest loss that could discourage you while you are starting your trading career.

I would suggest just keep on the spot market because it's a no-loss market unless you can't wait for something to happen.

CryptoYar

hero member

Activity: 1064

Merit: 638

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

Hello Everyone.

I want to know your opinion on margin trading is it good for beginners or not?

Not just margin trading but spot trading is also not for beginners if you don't know when to enter and when to exit you will lose your money. Therefore, I suggest you learn TA before starting your journey.

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

is there any high chance of losing the money?

it's too risky. In margin trading, one wrong entry ( short/long) could lead to the account liquidation

Wexnident

hero member

Activity: 2506

Merit: 628

I don't take loans, ask for sig if I ever do.

Trading in general always has the chance of losing money. And I honestly would recommend starting out with simple trading as a newbie instead of overstepping your bounds and straight going into margin trading. It just has too much risk for someone who doesn't know what they are doing. Even if you've studied guides and videos and whatnot, it still wouldn't beat hands-on experience so I'd really suggest starting with Spot trading instead, or if you want, virtual trading. Doesn't let you feel what the market moves, but it does familiarize you with what you're looking at in a real trade.

ScamViruS

hero member

Activity: 1750

Merit: 720

Top Crypto Casino

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

Hello Everyone.
I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?

This is a risky decision so I would say no. Margin trading is full risk even for other experienced traders. I think you should work towards increasing your trading skills without wasting time in margin trading. If your trading skills are not good then you will not get good results in the spot market either. If you want to trade in any market by margin or spot you have to have an idea about the market. So new traders should not worry about margin trading, this is for pro traders, the average trader will not be able to stay in this market.

livingfree

hero member

Activity: 2786

Merit: 578

No and yes.

No, it's not for beginners.

Yes, you can lose money with it since you still have no idea how totally risky it is. It's a gamble if you ever get into margin trading so don't do it if you lack of knowledge but at least you can try it if you want and gain knowledge.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

Hello Everyone.

I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?

This is too risky for beginners, because you still have a limited knowledge about trading and yet you are taking much risk in margin trading where the exchange allows you to borrow some funds and if you input the wrong numbers, you will be liquidated in instant. Beginners should focus more on spot trading while you are still learning, don’t rush yourself and just take your time to learn things about trading, it will be more worth it this way.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?

Whatever form of trading does a newbie will enter, there's always a chance of losing the money. Come to think that professionals are even losing up today even for a simple buy low sell high actions.

It's not a wrong move for a newbie to do margin trading for the sake of building experience. But if the reason for immediately advancing to the next step is to make money, that's a bad idea. Try to familiarize first what a newbie should do step by step until they are now ready to advance their level of knowledge.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Margin trading is bad for the average person, regardless of their experience in trading - a good normal trader can still fail on margin if they can't properly manage risk.

Don't start margin trading unless you can turn a profit and have some accuracy trading (I'd say if you win 65+% of your last 50 trades, you could try moving to margin trading only then).

The Cryptovator

legendary

Activity: 2240

Merit: 2174

Need PR/CMC & CG? TG @The_Cryptovator

I don't know either it's good or bad since I am not much familiar with margin trading nor I am interested in it. Someone asked me a few months back that he want to do margin trade. But I had tried to prevent him from margin trading, but he ignores my suggestion. Then he tried with a small amount and lost it eventually. So for a beginner, it's quite dangerous to participate in margin trade IMO. It's better to understand market sentiment before doing margin trade.

Raflesia

hero member

Activity: 2282

Merit: 560

_""""Duelbits""""_

Margin trading for beginners I think this is very risky, especially the skills needed for margin trading, of course the money that will be brought will be lost, so if you want to try it then I think you need to be ready with the risks that occur and use cold money to do it .

So it's true that the money that is brought in margin trading by beginners to be ready to lose because of all that you will know the real experience, if you are not ready with all this then don't ever do it.

Try to take a safe position and learn little by little.

huu78

sr. member

Activity: 1204

Merit: 253

Undeads.com - P2E Runner Game

Margin trading? isn't this a trade that uses funds from a third party? Of course this is not good for beginners. Because it will fund the cost of collateral to be paid. Bouldn't it be better for you to try trading crypto directly with your own funds, it's easy for you to register on one of the crypto markets like Binance. start with small things like buy at -5% and sell at ++5%. You don't have to read a chart, you just need to make buy orders and sell orders.

teosanru

hero member

Activity: 2100

Merit: 618

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

Hello Everyone.

I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?

No not at all. until you understand money management and risk management doing margin trading is extremely risky. Everyone who started this way has blown up or been quite close to blowing up their account. It simply doesn't works because at the initial stage your intent is to predict the movement of the market correctly on which you can only be correct upto 70% now if you don't know money management correctly you will sell off the wining positions too early and will keep on holding losing positions forever. Basically making your trading unprofitable.

pawanjain

hero member

Activity: 2674

Merit: 713

Nothing lasts forever

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

Hello Everyone.

I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?

That would be a straight NO from me.

I have been doing margin trading lately. I have tried to play it safe and I am not a beginner at trading.
I can do technical analysis to some extent and get an idea on the market speculation but still I have lost a good chunk of money in margin trading.
The thing to worry here is the word 'beginner'. If you were experienced you could have tried it out but since you are new to this I would recommend you not to go ahead.
Try to win at least around 20 trades with your strategy in spot trading before thinking to trade on margin.
Once you get good at trading only then consider thinking about margin trading.

Mpamaegbu

legendary

Activity: 2688

Merit: 1208

Once a man, twice a child!

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

Hello Everyone.

I want to know your opinion on margin trading is it good for beginners or not?

If the trader is a beginner it will be to their best interest to steer clear of margin trading. Spot trading on its own isn't even easy let alone margin trading. Don't let greed overcome you, thinking of how much you stand to rake in at any trade engagement isn't the right way to go in trading. Remember, there's no holy grail in trading and no setup is perfect. That's if the beginner trader even know what a setup is and how to plot it via a vis TA.

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

is there any high chance of losing the money?

Of course, there will be losses. Even professional veteran traders do suffer losses from time to time let alone noob traders.

mk4

legendary

Activity: 2716

Merit: 3817

Paldo.io 🤖

Quote from: Allicesmith on August 05, 2021, 09:23:40 AM

where I can make a demo account?

Check out eToro, they have a "virtual" account. It's basically a practice account where you're just playing with play money: https://etoro.com/

And yea, don't even start trading with real money as a beginner. Using margin early on is an exceptionally BAD idea.

Charles-Tim

legendary

Activity: 1512

Merit: 4795

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?

There is high chance that beginners will lose if trading spot, that is trading without margin, that is why it is advisable to use the amount of money that can not result to depression if lost, becuase funds taken into trading by beginners is consider lost as they most likely will lose it. If the beginner leverage the trade, the more the risk. Not advisable for beginners to leverage.

SquirrelJulietGarden

hero member

Activity: 1344

Merit: 742

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

I want to know your opinion on margin trading is it good for beginners or not?

It is very bad for beginners. In crypto market beginners will have to master the market with 3 to 4 years. I can bet 99% of beginners won't survive after four years if they use margin for trades.

Quote

is there any high chance of losing the money?

Depends on formula for liquidations of each exchange, you will lose about 70% of your collateral for your margin account. First liquidation, lose 70% of initial capital. Second liquidation, lose 70% of 30% initial capital or 21% of initial capital.

After 2 liquidations, you will lose 91% of your initial capital. Is it fast or slow rate of losing money?

shield132

hero member

Activity: 2198

Merit: 847

Quote from: Allicesmith on August 05, 2021, 09:06:24 AM

Hello Everyone.

I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?

Sorry but this question is really out of logic. Do you know what's margin trading? To make it easy and understandable for you, during the margin trading you borrow the capital from 3rd parties, i.e. when your capital is $100 and you use margin trading with 3x leverage, in reality, you are trading with $300. When the price moves by 10 percent, it moves by 30 percent for you because of your 3x leverage. If the negative movement is more than 30% (for you 90%), then your assets are under the threat of liquidation and once it will become 100% for you, then you are automatically liquidated.
So, what I want to say is that margin trading means the increasing of your capital by borrowing the money from others and when you are a newbie, I have heard that you should trade with a low amount of money and with caution, so, now you know what to do.

Topic: Is margin trading good for beginners ? - page 5. (Read 733 times)