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Topic: My experience as a beginner trader (Read 1685 times)

sr. member
Activity: 1204
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December 03, 2023, 07:10:35 AM
At first I used demo account to practice and thinking that when I use the real account I would had enough profit from the trade and immediately I deposited a very big amount so the profit would also big but I lost every to zero percent and I got angry and left trading for some time. I was not having that first timer lucky. Though not everyone has that patient to have that strong mind to continue after losing to trading.

If anyone overcome the beginning level of trading then then person can do well at the other levels. And the most important stage is how to understand the stop loss and take profit and when to enter the trade. If the trader can do all these then he or she can trade well.
Something that beginners always miss is risk management, including me. I'm probably the person who first learned about trading and entered into it immediately suffered a loss. Yes, at that time I did look at the influencers who were always making profits. I even followed a lot of signal groups, from free to paid groups and the result was still the same. From then on I switched to a demo account and slowly started learning the indicators that help in trading. Although now I'm not like a professional trader, but at least I understand more than I followed the signal group.
hero member
Activity: 504
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December 03, 2023, 05:57:10 AM
Honestly i lose a healthy amount in trading while i was newbie and still experience loss in many tradings although now its suitable time for trade as this is Uptrend market. But trading still suppose to be complex what i haven't fully get yet. Cause it isn't so simple like began a trade and keep making profit. It needs to acquire knowledge, controlling emotion, ability to make analysis and many more. and market keep changing everyday, not following any fix stategy. That's why its better to start real trading after know about all the things. Till then, better to demo practice account or doing it with very low amount just to check your progress

You won't ever know everything about all of this things. If it it was possible, everyone would make profit, and losses wouldn't happen at all. The market is not something stable and repeating. It always changes, and being a good trader means make use of those fluctuations and adapt to them as quickly as possible.
sr. member
Activity: 1008
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December 02, 2023, 01:06:18 PM
The most crucial stage is the beginning, when a trader starts trading. In these days, mostly traders depressed because of loss and lose hope that they can't do it.
But when the traders learn the basic and do practice again and again. He/She learn by their mistakes. No one becomes a hero at the first day. Every successful person is pass out from this stage. So, don't worry and keep working
For those of us that had been trading in the market for long, we might be surprised that trading has different stages for us to overcome to be a better trader. Just like you have explained, one of the challenging part in trading is at the beginners stage. This is the stage when we need to learn more about trading and how to be a better trader. Trading is profitable but the process can be very stressful for those that are just coming up to be a better trader.
full member
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December 02, 2023, 12:15:52 PM
Honestly i lose a healthy amount in trading while i was newbie and still experience loss in many tradings although now its suitable time for trade as this is Uptrend market. But trading still suppose to be complex what i haven't fully get yet. Cause it isn't so simple like began a trade and keep making profit. It needs to acquire knowledge, controlling emotion, ability to make analysis and many more. and market keep changing everyday, not following any fix stategy. That's why its better to start real trading after know about all the things. Till then, better to demo practice account or doing it with very low amount just to check your progress
hero member
Activity: 700
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December 02, 2023, 11:21:07 AM
At first I used demo account to practice and thinking that when I use the real account I would had enough profit from the trade and immediately I deposited a very big amount so the profit would also big but I lost every to zero percent and I got angry and left trading for some time. I was not having that first timer lucky. Though not everyone has that patient to have that strong mind to continue after losing to trading.

If anyone overcome the beginning level of trading then then person can do well at the other levels. And the most important stage is how to understand the stop loss and take profit and when to enter the trade. If the trader can do all these then he or she can trade well.
member
Activity: 812
Merit: 53
December 02, 2023, 10:01:07 AM
The most crucial stage is the beginning, when a trader starts trading. In these days, mostly traders depressed because of loss and lose hope that they can't do it.
But when the traders learn the basic and do practice again and again. He/She learn by their mistakes. No one becomes a hero at the first day. Every successful person is pass out from this stage. So, don't worry and keep working
hero member
Activity: 1666
Merit: 453
December 02, 2023, 09:28:35 AM
Well, it could be the hype that these scammers have been doing just to attract innocent people into trading. And because of the beginner's greed to trade and earn quick profits, then its undeniable that people easily fall on their traps and lose on their initial trading capital. And it usually happens to most of the beginner traders, simply because they don't have stable knowledge and their trading skills are not yet developed.

However, being a victim of scammers could be an eye opener to everyone that in trading, you can't trust no one but only yourself. So trade with knowledge and skills, and with the right attitude to trade, so you won't end up quitting in trading just like most of the newbies have decided to.
We need to be able to recognize for what purpose we get news, probably for some purpose of manipulation, so we need to recognize how much this news can meet our expectations. News can influence the cryptocurrency market, this has always been the case, so it is worth following the news, but at the same time you need to be able to recognize how the market will react to it and how true this news may be, or perhaps it is fake.

But not every time the news influences the crypto or bitcoin industry. It just depends on whether the news that they will give updates to the crypto business is quite strong.

agree because, in my experience, it took me years before I really understood trading in this industry. Because it was really hard for me to understand, several times if I went back to what I was studying and I didn't understand until I understood, I was really patient, and now it's worth it somehow.
legendary
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December 01, 2023, 03:22:20 AM
However, being a victim of scammers could be an eye opener to everyone that in trading, you can't trust no one but only yourself. So trade with knowledge and skills, and with the right attitude to trade, so you won't end up quitting in trading just like most of the newbies have decided to.

No, you can trust some people. You have to. You deposit funds in an exchange to trade don't you? Then you have to trust the exchange.

Avoiding scams isn't about simply blind distrust, but about recognizing greed and carelessness. Most people get scammed because they want something so bad or are just too careless.

My first trading time it happens that you suddenly get big profits so you start quickly without realizing it. I first started trading by watching a YouTube video but it was a loss then I practiced trading from this forum and got many ideas. But beginners always make the mistake that they rush into trading after seeing the basic profit amount of the second person which results in their losses being high so in my opinion one should not be too hasty with the first time trading.

Make your mind up man. First you say your first trading time gets big profits. Then you "start trading" and got a big loss.

If you want to spam at least make sense.
sr. member
Activity: 2828
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November 30, 2023, 04:57:51 PM
There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
trading isn't an easy thing you just put some investment and get profit.
successful traders are those who have patience and can control their emotions.
it is not like that experience traders will getting profit always, still they lose a lot in trading,
without mistakes or losses how as a beginner to become a professional trade that's absolutely correct to me, quitting is not a solution if you wanna real traders.

Well, trading is easy to learn but because of the volatile nature of the market, learning the basics is not enough to become successful in this field. So why do only a few traders succeed? It is because they keep learning, they keep enhancing their knowledge and skills, and most of all, they were able to control their emotions. And we also have to remember that trading is not for everyone which means that quitting can be a great option if we never see any improvements on our trading journey and keep losing.
full member
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November 30, 2023, 04:35:57 PM
My first trading time it happens that you suddenly get big profits so you start quickly without realizing it. I first started trading by watching a YouTube video but it was a loss then I practiced trading from this forum and got many ideas. But beginners always make the mistake that they rush into trading after seeing the basic profit amount of the second person which results in their losses being high so in my opinion one should not be too hasty with the first time trading.

Watching is a YouTube Video for the trading without proper knowledge about the trading and without the proper strategy following is of no use. This can only give you a less information about the trading but loss will be there and also risk will be on peak. First time trading is always difficult in a sense as the person didn't appear before in the trading mechanism so the adjustment of the trading strategies would be tough for him as always during the first some days or even months of his trading.

Then with time to time he learns something from his mentors that how could I get profit in what ways I have to take entries in different coins and how could be better to take profit from different sides? etc.
hero member
Activity: 3136
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November 30, 2023, 04:20:30 PM
OP isn't wrong that we lose as beginners and that's a lesson that we will bring when we trade because that's how it should go. We don't know how to trade yet and we commit mistakes and let it lose all of it until we learn what must be done correctly.
The experiences of the most are significant and the same about losing and winning but the majority is in no doubt losing first.

My first trading time it happens that you suddenly get big profits so you start quickly without realizing it. I first started trading by watching a YouTube video but it was a loss then I practiced trading from this forum and got many ideas. But beginners always make the mistake that they rush into trading after seeing the basic profit amount of the second person which results in their losses being high so in my opinion one should not be too hasty with the first time trading.
For those that started and then made a lot of money. That's just luck, there is no way that you did it because you're skilled but it's all about you being lucky. But then, from that profit you made, that's going to push you through and make you more interested into trading because you have already felt how it is to be a winner trader.
member
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November 30, 2023, 03:57:01 PM
My first trading time it happens that you suddenly get big profits so you start quickly without realizing it. I first started trading by watching a YouTube video but it was a loss then I practiced trading from this forum and got many ideas. But beginners always make the mistake that they rush into trading after seeing the basic profit amount of the second person which results in their losses being high so in my opinion one should not be too hasty with the first time trading.
legendary
Activity: 2758
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November 24, 2023, 11:41:29 AM
There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
trading isn't an easy thing you just put some investment and get profit.
successful traders are those who have patience and can control their emotions.
it is not like that experience traders will getting profit always, still they lose a lot in trading,
without mistakes or losses how as a beginner to become a professional trade that's absolutely correct to me, quitting is not a solution if you wanna real traders.

Yes, trading is not easy. However, it is easy to present, which is why many people think that trading is easy. For example, trading is buying when it is cheap and selling when it is expensive. However, if we delve into it, then it is not that easy. There are many points that need to be paid attention to, and perhaps we will face failures that can make us gain new experience and knowledge. However, as long as someone does not quit trading, they will get the pieces one by one so that they can become professional traders in the future. Consistency will bring experience that will make traders grow even more.
sr. member
Activity: 476
Merit: 299
Learning never stops!
November 22, 2023, 08:59:24 AM


Trading is not that easy as we think. Trading could only be beneficial when we have something better to do it for the trading.

Also we have more to learn in trading and more to explain in trading. Mostly traders made mistakes in doing trade on long pairs that should also be related to all the recoveries who have been recently.

And the users who think trading would be risky, definitely it is risky but it could be beneficial as well if we could learn it form time to time and if we could learn from the mistakes we have made recently.

To me trading might be crazy sometimes from the point of technical analysis , a market could test a trade attimes  leaving a trader some little hope about the market, but how will he know?? Nobody does  ! Trading is hard.

And I believe what you said that we have more to learn in trading, Either  trading or investment  learning  never stops, sometimes you just need to put off all you know to trade as it could make you learn better , the key word "Learning never stops".

Learning trading from time to time without profits could make our efforts seem futile sometimes  but with more learning  definitely something good will come out of it and this does not holds only for trading but also investment. I believe Knowledge is power and can only be attained through  learning,its a process , we just have to keep on learning
hero member
Activity: 504
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November 22, 2023, 06:02:53 AM
My experience was when I was just studying and didn't know anything about understanding trading here in the business industry. What I experienced was that I made money in 2017 in cryptocurrency because I joined the ICO, and the rewards that were paid to us were the project's token itself. When it was listed on the exchange, its value increased a little before dumping, so I immediately sold it, so I got a profit that could be considered huge at that time.

That is a great story, from those, which inspire a lot of people to get acquainted with crypto field. However, it is hardly could be called trading, I guess. it was not systematic activity, it was more about luck, than analysis, that is why it is nearly impossible to repeat such case even one more time, not to say more than one. From my point of view trading is something you can more or less predict, count, it is nor gambling, it is more mathematical and statistical. 
hero member
Activity: 1666
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November 21, 2023, 05:29:30 PM
We need to be able to recognize for what purpose we get news, probably for some purpose of manipulation, so we need to recognize how much this news can meet our expectations. News can influence the cryptocurrency market, this has always been the case, so it is worth following the news, but at the same time you need to be able to recognize how the market will react to it and how true this news may be, or perhaps it is fake.

And also it is very important to keep asking yourself why the particular news appeared at this particular time. Because timing could be a way to manipulate market as well, not only news itself. And when you put together and correlate the news and the time for those news. This would be quite helpful in understanding and analysing the situation in general.

It's rare for me to see that a newbie in crypto trading is able to earn a large amount of money even though his idea of crypto trading is not that broad, just because he found a good opportunity in the market, so he immediately got a nice and good profit here in the crypto space.

My experience was when I was just studying and didn't know anything about understanding trading here in the business industry. What I experienced was that I made money in 2017 in cryptocurrency because I joined the ICO, and the rewards that were paid to us were the project's token itself. When it was listed on the exchange, its value increased a little before dumping, so I immediately sold it, so I got a profit that could be considered huge at that time.
sr. member
Activity: 1002
Merit: 254
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November 21, 2023, 04:55:55 PM
There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin

Trading is not that easy as we think. Trading could only be beneficial when we have something better to do it for the trading.

Also we have more to learn in trading and more to explain in trading. Mostly traders made mistakes in doing trade on long pairs that should also be related to all the recoveries who have been recently.

And the users who think trading would be risky, definitely it is risky but it could be beneficial as well if we could learn it form time to time and if we could learn from the mistakes we have made recently.
sr. member
Activity: 1622
Merit: 270
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November 21, 2023, 03:06:28 PM
I think about 95% of new traders make losses in their first trading session. At least experienced traders can only trade successfully. Trading is a way where money can be lost within few minutes and a lot of money can be made within few minutes so only experience is more effective here. Moreover, a successful trader knows how much practice they need and how much money they lose at first trading time.

Trading basically needs time to understand and we can't say after listening to some audios and watching some videos on the YouTube we can't say that we are now a best trader, as it also requires certain time and the way top traders give the time to trading is exceptional. As they are also rewarded in return in the form of their target hits in the exchanges and they got the profit in return.

But newbie made some mistakes which always leads even if a best trader made a mistake he can also be suffered from the loss but he may be know how to recover himself and even the newbie didn't know how to recover themselves still they only made mistakes. Newbie need to work on their strategies and make themselves at a better place where everything can be picked easily.
sr. member
Activity: 658
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November 21, 2023, 12:49:35 PM
I think about 95% of new traders make losses in their first trading session. At least experienced traders can only trade successfully. Trading is a way where money can be lost within few minutes and a lot of money can be made within few minutes so only experience is more effective here. Moreover, a successful trader knows how much practice they need and how much money they lose at first trading time.
hero member
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November 21, 2023, 12:40:56 PM
There are no experience mate Grin you lose  as a beginner to become a stronger trader  Smiley so for everyone out there thinking of QUITTING QUITTING is not the option here just keep learning  till you  can say "Gone are those days " Grin
trading isn't an easy thing you just put some investment and get profit.
successful traders are those who have patience and can control their emotions.
it is not like that experience traders will getting profit always, still they lose a lot in trading,
without mistakes or losses how as a beginner to become a professional trade that's absolutely correct to me, quitting is not a solution if you wanna real traders.

Tough is the right word that fits trading but as you get going in learning, training and experience acquiring, you get to be better and the toughness starts reducing until you find trading easy. Yes, trading could be easy and I'm a practical witness to it, it all depends on you and how you navigate to achieving it. This was why I started the write-up with learning which is reading and getting exposed to trading and trading materials. It's after this the trader would step it up with training what he has learned, yet, the learning must continue, it's that important because it is the search for new ideas, and the more you learn and train what you learned, the better for you as a trader.

These two are what impact the right experience in traders, and to gain this experience takes time and dedication. The journey will never be rosy as the trader might lose more than money in the process, but the moment he's fully equipped with much trading experience, trading becomes easier and earning might be easy at the same time if the trader follows it through the right sources and also trained well. Traders' creativity and plan, management and psychology also matter to their success.

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