Topic: Is trading good for beginners? - page 9. (Read 2892 times)

With people's success in trading, those that have heard about it are the ones thinking that this is an easy way and a quick get rich scheme wherein they think that they can do it as well.

IMO, nothing wrong with the new ones to engage with trading but they need to understand the risk and the fate isn't with them at the beginning.

And little information is dangerous as they say, that's when someone think he's better than the others by just having the crowd source information.

You are right mate,some beginners think trading is the way to making money,and they say that simply because they haven't experienced loss before.They think the moment you venture into trading,you are already on your way to riches not knowing that if you don't really take time to calculate your trading movement,you will lose and end up having emotional issue.Beginners who look for mentors and learn from people who are already experienced in the field are liable to do exceedingly well in trading.

Everybody can venture into trading irrespective of the time started,it doesn't really mean whether you are a beginner or not,all that matters here is the way you go about yours,and the strategy you use in trading are the determining factor in trading.

Trading is step by step, skipping will only results in losses. Get rich quick scheme is actually not the style of trading, it requires more time before we start making profits in the market, the market is highly volatile and we would only target for the best alternative. Trading for newbies is usually difficult at first, but with constant practice and learning new trading strategies, one will become a pro in less than a year.. understand the concepts of trading, the risks management, the profits and losses and most importantly having good capital to trade.

Trading is not a get-rich-quick scheme. Most beginners usually want immediate gratification, hence, they venture into crypto trading with little or no knowledge at all. I don't think people who are just starting our in crypto should engage in trading.

They should get a good understanding of the concept before they begin trading. This would obviously take quite a lot of time but it would be worth all the mistakes and errors in the future. Information is power.

Things that seem easy, but in practice it is not as easy as imagined. Maybe the people who think it's easy are those who think they just put in money and then apply the entry and then withdraw profits, that's what I see from those who ask me. I've even been offered to use their money, and I only need to give them profit every month. I just smiled when I heard that, and I tried to explain to them that trading is not that easy. Sometimes I also lose a lot of money because the market turns out to be unfriendly during trading.

I believe what he meant by "easy" was crypto platforms. It is still challenging for me to learn how to use the trading platforms. You must evaluate many factors before taking action in order to avoid losing your money. For example, in futures trading, you must know how to create a stop loss, as well as how to utilize cross margin mode and Isolated mode, because knowing how to use these will keep your port from falling to zero. Furthermore, when depositing and withdrawing funds, you must keep track of which network should be used to avoid losing funds. So, even though it isn't as difficult on learning how to trade , you still need to be cautious.

I think you mistakenly said trading on crypto easy while saying trading on crypto not that easy. And yes I also think trading in crypto should not be done for beginners without at least basic knowledge. Many times it has been seen that even basic knowledge is lacking for trading in cryptocurrencies. And for beginners even after acquiring the basic knowledge I would suggest them to invest in safe coins like Bitcoin Ethereum as I don't think there is much chance of losing if you do spot training on them.

A beginner can be useful for trading if he has mastered some basic trading techniques. Because crypto trading is more convenient than other trading platforms. However, if the trader starts trading by acquiring knowledge well before trading, then it is more effective for him. Although trading on crypto platforms is easy, the volatility here is so high that an investor can face huge losses by making the wrong investment. If one plans to trade without acquiring basic knowledge then one should not do it particularly for new traders. If one can start trading with a small amount of money with support from a good trader then it can definitely be a good decision for the beginners.

It is not for beginner it is for all because all trader started as a beginner before they got into a pro trader. The only thing with beginners is that it is not suited for them if they are so greedy and just after with profit because you need learn first gain some knowledge on it before you can start trading. Again trading ia for everyone but if you are not patient enough for sure you'll quit along the way

In my opinion, trading cryptocurrencies is better suited for a beginner than trading stocks or forex. There is more anonymity, more freedom of choice, you can trade at any convenient time. Another plus is that there is no minimum amount (it is convenient for a beginner to trade small amounts).

Trading is okay to be done by professionals nor newbie provided anybody doing it has learnt how to trade and can execute it properly without relying on trading signals or emotions. Individuals that's coming to the market can be a beginner of cryptocurrency but not as a trader a trader that understand how to trade other markets can easily become successful with cryptocurrency.

Cryptocurency market is not any much different from other markets but just that in the cryptocurency market, the price volatility is much and can turn your profits into losses before you realized. There are many ways of making money from the industry so it must not be trading, as a newbie just coming into the industry.

I would like to add one more thing: those just starting to trade should be mentally prepared that it will not be possible to make a profit, and loss is inevitable when starting. They should prepare mentally as well as happily accept if there is a loss because what they need to gain are knowledge and experience. And to minimize losses when starting, newbies should only use the minimum amount to start. Most newbies make mistakes at the beginning, they only dream of profit and don't know that no one can be successful the first time.

No.  Given that you already know the answer, your query comes off as ironic. It is similar to a student who wants to take an exam but doesn't prepare for it in the hopes of passing without a doubt. Similar to trading, you cannot earn from it if you don't have the necessary information.

Since trading is very risky, beginners should learn everything there is to know about it when they first start out. This will ensure that any disappointment they experience is due to error rather than a lack of knowledge. Beginners who are new to trading should do so in order to understand how the market functions and when to buy and sell.

The first thing for those who do trading is to know the crypto market well. If trending is profitable in business, then it is definitely worth investing in. If you don't have good knowledge about investing then definitely take advice from people who are well skilled in trading. of course, investment is suitable for those who can analyze the market well. And knowing the right way about trading will help the prospective investor to succeed.

In addition to your write-up,beginners who are just venturing into trading must be ready to learn what the business is all about,it's not only to put money into trading that is the most important thing,what is most vital in trading is the learning first,beginners must be willing to learn from people who are more experienced than him.He must make research about the coin he is willing to invest in,and furthermore,he must know the particular season he want to invest, knowing fully well that market has season,if its the right season for him to Invest and he won't lose,then he should do that.If those things are not taking into consideration,then,there is every tendency that your money invested into the trade will be a waste.

You need to be mindful in terms of each decision that you will going to make while positioning your trades, there are many influences that you need to learn, factors that driving the market to its current movement, I know by experienced that trading is not easy for beginners chances to lose your initial capital may happen when mistake take place.

Reviewing and analysing all the possible venue of learning is what you need before involving yourself in making your first trade.

As a beginner in trading, in terms of cryptocurrency, you should be able to have the strong foundation regarding having strong understanding about it so that you know what you are getting into. With todays advancement of technology, you can really make use of the internet to learn these stuffs. Along with these, you should also understand the market conditions so that you can see how the market moves and tell the market trends regarding crypto trading.


Indeed, we should be lowering our expectations at first because it is really clear how risky trading is. You should not be affected with losses since there is no guarantee of profit every time. Yes you can start with small amount but you can also start with demo accounts since more trading sites offers this so that you can practice trading without risking your own money. And if afterwards you are confident enough, you can proceed with trading your own money so that you can test what you have learned so far.

It's okay to do trading here in cryptocurrency if you have an idea about it, but if you don't know anything about it, it's better to learn first so you don't get disappointed in crypto trading, maybe later you're just hyped because you heard that a lot of people are making money here.
Or don't be like others who can only trade and rely on the prediction of whether it will go up or down. Then in the end you'll see that you're not making money, that's not how things work here in the crypto space and there isn't a single day here where you know that trading is going to happen right away, you need to take your time and time, there's really no short cut here.

Every beginner if you want to be a trader the learning process is important to build skills in trading. Trading can be a difficult and challenging job as it involves money and a high degree of risk. However, by studying and being dedicated to improving skills and knowledge, a trader can become more skilled and confident in making investment decisions. What your friend is doing is correct, he just needs to keep learning and must be able to keep his emotions in trading.

However, some beginners or new traders may have unrealistic expectations or lack an understanding of the risks involved in trading. This can lead to bad decisions and potentially large losses. Therefore, it is important for beginners to start with a small amount and pay close attention to risk management.

In addition, it is important to have a clear and consistent trading plan and to do sufficient research before deciding to trade. Don't forget to always update your friend's trading strategy based on experience and previous trading results.

However, if after a few trades a person decides to stop trading, it may be a sign that trading is not the right field for him or that your friend is not ready to invest. It is important to understand that trading is not a quick way to get rich and it takes time and effort to achieve the desired results.

Trading of crypto currency is not easy like stock market,you will get easy profit in the stock markets.The trading of crypto currency need to analyse the market with the minimum interval of time.The market also allow you to response for your strategies.Because not all the strategies will get the money their masters.When the market act with your own strategy,the you can earn 100-300% percentage of the invested money.On trading you need of investors to give you dollars at the needed situation.Then the money you invested can be hold for longer periods.Trading with trusted coins will reduce the risk of losing money.It also multiplies your investment and income.