Don't follow every trader you see on social media because many are only living fine from the subscription they receive from followers. It is difficult to know a trader who is consistent in profit except they show prove to you but not many traders make profit, that is certain. As far trading is concerned, we should try to learn and be contented with the one we are able to do because there are different hype on trading profit and alot are fake.
You are right that in today's age social media should not follow all the tempting things that are shown. Nowadays very few people give good experience and advice to users but most people try to cheat from newbies it must be admitted. However, we have seen a number of social media where good quality advice is provided and traders benefit from taking their advice. If one can start trading by taking the advice of those wise men then surely it is possible to make profit but one should always keep oneself under control otherwise one can lose money at any time. All the hypes that are shown on social media should not be trusted too much as it can lead to losses at any time. But we know trading is always risky, from here most of the time profit is low only due to market volatility but traders who understand well can make profit. 
Topic: New Trends Among Beginner Traders (Read 789 times)
There are many differences between trading with a demo account and trading with your real account. A dollar loss in a demo account does not affect the mind. But if the real dollar of the real account is a loss, then a different effect takes place in the mind. Which is enough to demoralize a new trader. So I would say newbies should not learn trading from any social media. Do market analysis yourself and get maximum learning with your own demo account.
Learning the lesson the hard way will make you more strong and dedicated to your work. When it's your money on the table and you are losing it then you will put more effort into perfecting your skills and learning from your mistakes. So it will be better to use real money instead of demo balance but if you are a beginner then use 1% of your portfolio so that your portfolio won't feel the pain for the losses you will take by making all the mistake. Trust me this is the fastest way to skillup and i know this because i have gone through this.
There are many differences between trading with a demo account and trading with your real account. A dollar loss in a demo account does not affect the mind. But if the real dollar of the real account is a loss, then a different effect takes place in the mind. Which is enough to demoralize a new trader. So I would say newbies should not learn trading from any social media. Do market analysis yourself and get maximum learning with your own demo account.
Learning the lesson the hard way will make you more strong and dedicated to your work. When it's your money on the table and you are losing it then you will put more effort into perfecting your skills and learning from your mistakes. So it will be better to use real money instead of demo balance but if you are a beginner then use 1% of your portfolio so that your portfolio won't feel the pain for the losses you will take by making all the mistake. Trust me this is the fastest way to skillup and i know this because i have gone through this.
Now it is true that trading in this way will imply a cost that we will not have to pay if we used a demo account, but demo accounts will never give you the same kind of psychological pressure that trading with real money can bring, and experiencing that pressure first hand is the best way to not succumb to it, especially when you have to take a difficult decision and this time you are trading with a great deal of your capital on the line.
I always discuss this, when I meet people who want to talk about it, and I feel their ignorance, especially friends who just have fomo when the bull market comes.
join in buying without knowing what you are buying and only listening to influencers.
This is also a trend for beginners when buying crypto, there are many cases where they buy crypto just by relying on fomo and plus there are lots of influencers present at the moment, many influencers only invite them to buy crypto and the profits they get However, many influencers do not discuss risks or educate responsible investing or trading to their listeners or viewers, so that quite a few beginners do not fully understand and often end up experiencing losses.join in buying without knowing what you are buying and only listening to influencers.
Yet to truly understand crypto, one must study blockchain technology, as this technology goes far beyond the use of money and finance. Especially if they plan to invest in this sector, because this knowledge will help them in choosing the right project for long-term investment success.
I hope that we could get to a point where it is not going to end up being unpleasant but at the same time it is not going to be all that crazy neither. Just assume that they are going to make mistakes, influencers will basically do what they always do, it is not really their mistake, but newbies will make mistakes because they will believe those influencers.
I don't know how it was done many years in the past when learning trading, so I will wait to read the comments of traders with many years of experience.
I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.
I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.
I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.
Has anyone else here noticed this too?"
Whenever the market would be having that upward trend or something that do talks about being bullish then you would actually be able to see up these guys on trying to boast up their gains into those new people who had just recently jumped in too, despite of being a noob then they would really be having those kind of behavior and having those kind of acts on which it is really that somewhat irritating if you are that someoneI've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.
I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.
I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.
Has anyone else here noticed this too?"
who are really that aware about their statistics and conditions about their learning and knowledge about trading on which they have just started too. They do love on acting and looks cool and trying out to make their image high in other peoples eyes. If you are someone whose also a noob, then it would be always better that you shouldnt really make yourself that easily believe into those people who do have that kind of approach and
claims about being a professional or expert and later on they would really be asking out for some fee or subscription as if they were really that true experts.
There are many differences between trading with a demo account and trading with your real account. A dollar loss in a demo account does not affect the mind. But if the real dollar of the real account is a loss, then a different effect takes place in the mind. Which is enough to demoralize a new trader. So I would say newbies should not learn trading from any social media. Do market analysis yourself and get maximum learning with your own demo account.
Learning the lesson the hard way will make you more strong and dedicated to your work. When it's your money on the table and you are losing it then you will put more effort into perfecting your skills and learning from your mistakes. So it will be better to use real money instead of demo balance but if you are a beginner then use 1% of your portfolio so that your portfolio won't feel the pain for the losses you will take by making all the mistake. Trust me this is the fastest way to skillup and i know this because i have gone through this.
I always discuss this, when I meet people who want to talk about it, and I feel their ignorance, especially friends who just have fomo when the bull market comes.
join in buying without knowing what you are buying and only listening to influencers.
This is also a trend for beginners when buying crypto, there are many cases where they buy crypto just by relying on fomo and plus there are lots of influencers present at the moment, many influencers only invite them to buy crypto and the profits they get However, many influencers do not discuss risks or educate responsible investing or trading to their listeners or viewers, so that quite a few beginners do not fully understand and often end up experiencing losses.join in buying without knowing what you are buying and only listening to influencers.
Yet to truly understand crypto, one must study blockchain technology, as this technology goes far beyond the use of money and finance. Especially if they plan to invest in this sector, because this knowledge will help them in choosing the right project for long-term investment success.
Beginner traders have different mindset these days. Instead of harnessing their potential knowledge and skills that will give them an edge in trading, they prefer to act more confident on the current position of their trading activity without thinking that if they fail to enhanced their trading abilities, they will never be successful in trading anymore.
The problem with beginner traders these days is they are mostly hesitant to positive changes and improvements. They feel that what they have is more than enough, that they can be sustainable enough in trading, but reality hits that if you lack the capabilities to trade, you will never be successful and profitable in your trades.
Yup and everyone just looking tips which may not be for free (I mean that people are ready to pay for it also) to earn quickly instead of grinding and learning.The problem with beginner traders these days is they are mostly hesitant to positive changes and improvements. They feel that what they have is more than enough, that they can be sustainable enough in trading, but reality hits that if you lack the capabilities to trade, you will never be successful and profitable in your trades.
I am not against gathering data from the market but you must not blindly follow them. Use the data from various sources to get the market sentiment and then use your own analysis to predict which way the market might move and which projects could benefit. Because, no one could care your capital up to the level you usually do.
Recently everyone has been talking about Bitcoin ETFs and I don't know a lot about it but the sentiment clearly shows that a pump is imminent. DYOR.
I always discuss this, when I meet people who want to talk about it, and I feel their ignorance, especially friends who just have fomo when the bull market comes.
join in buying without knowing what you are buying and only listening to influencers.
join in buying without knowing what you are buying and only listening to influencers.
There are many differences between trading with a demo account and trading with your real account. A dollar loss in a demo account does not affect the mind. But if the real dollar of the real account is a loss, then a different effect takes place in the mind. Which is enough to demoralize a new trader. So I would say newbies should not learn trading from any social media. Do market analysis yourself and get maximum learning with your own demo account.
It's totally cool to be a bit wary of trading tips from newbies. Getting hands-on experience is key to rocking the trading game. Patience and really diving into learning tend to pay off more than rushing to give advice too soon.
That's the point and the internet is already full of misleading information that directly hits someone and falls into danger if they follow.
Ideally, as a learner or new to trading, must not just rely on a single source of information and must know the person we've followed. In fact, as you have said, a lot of people pretend to be an expert in the trading field but the truth is they are not, and they are spreading half-baked information to fool people and make them lose.
That's right, those who are just learning about trading of course they have to look for a lot of information about trading and don't be satisfied with a little knowledge in trading but immediately decide to trade. Of course this will give us problems when we enter into trading, maybe they are the ones who spread trading information. This is only to show that they understand trading well so that they can teach people who want to trade and they take advantage and those who learn with them will certainly lose on the trades they make.Ideally, as a learner or new to trading, must not just rely on a single source of information and must know the person we've followed. In fact, as you have said, a lot of people pretend to be an expert in the trading field but the truth is they are not, and they are spreading half-baked information to fool people and make them lose.
Beginner traders need to know a lot before starting to trade. In fact, there is much to learn about the age. Because you have to learn before investing, you can lose capital if you learn after investing. You can learn to trade from a demo account. Don't take advice from social media. Because there are many scammers on social media, they can lure you and steal your assets.
Brands that are just starting out in trading must first learn about the trading they are going to do so that they don't make mistakes that result in them experiencing losses in the trading they do.Indeed, there is nothing wrong with trying with a demo account, but when we try it with the capital we have, we cannot equate it with a demo account because it is very different and the most important thing is that we have to really understand the type of coin we are going to trade so that we don't experience the risk of loss.
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That's common, maybe they're just making some posts for them to show to their future audience that they can use it to increase their following. This is known for these days and when the market is on the bull run, you expect more of them to come and that's a just another normal day in the market. There is no way to stop them if they keep on doing that but they know what's the reality of what they are doing. I am for that to say that they should stop doing it, stop giving advise when they don't actually trade.
Like you said there's no way to stop them since most of the cryptocurrency enthusiasts these days are also after hype messages and i believe the people OP pointed out are just giving naive crypto investors/traders a taste of their medicine because most of them are only after quick profit.Getting more followers is just one of the purposes of these so-called influencers while their main purpose is to hype their shady bag, do promotion posts for partnership projects, etc.
These are signs that only a few of them are willing to learn while most of them are after benefits.
I've noticed that on my WhatsApp, Telegram, Twitter, and basically all social media websites, there are so many beginner traders with no real live trading experience who should stop giving trading tips to other people rather they just put it out there for whoever cares to listen to them.
I keep asking myself, are these kids doing it wrong? The beginning phase of the trading journey is a time for learning and not talking or trying to show off. These new kids should be quiet and focused on building equity, and other best trading practices that would make them successful traders rather than trying to act cool and successful when they haven't ever made a dollar other than in a demo.
Has anyone else here noticed this too?"
To question if that is wrong? Definitely, because those tips are unrealistic and never help us to succeed but instead, they lead us in the wrong direction. This time, we have a lot of people claiming themselves to an experts, and too sad to see that many innocent people also have fallen into them. Therefore, I would say that the quality of traders now is not quite good.
Let me put it this way, the electrician that took care of the internet cables in my house back in the day said "they would not let it go wild, someone is pulling the strings of bitcoin price and they wouldn't let us make money", that's the level of people who are joining now, they have no clue, and they are ignorant on the subject and they still trade for some reason.
Beginner traders need to know a lot before starting to trade. In fact, there is much to learn about the age. Because you have to learn before investing, you can lose capital if you learn after investing. You can learn to trade from a demo account. Don't take advice from social media. Because there are many scammers on social media, they can lure you and steal your assets.
I have engaged with a couple of them in trading conversations, and they beat around the bush, replying with generic responses without any real experience.
Has anyone else here noticed this too?"
Everybody was a beginner one day and must have started somewhere to begin his trading career. There are different ways for people to become successful traders, it's not only one way that leads to success. For example, there are courses that teach the basic knowledge of trading, there are also books or YouTube videos or just learn it by talking to a friend who is a trader. It doesn't matter how or where we get the knowledge we need to become a trader, as long as we learn. The same goes for the experience needed to be a professional trader. Nobody can become a good trader alone with theory, there is a difference between reading it in books and experiencing it ourselves. That is why I am also a bit sceptical when someone wants to convince me he is a great trader. How can I verify his track record is legit, or maybe he is just sharing with me his past successful trades and doesn't mention all his losses. Better to be cautious at first and trust over time.
Trying to show off or rather putting out information when you know you are still at your early trading stage could actually be misleading because you may end up sharing half baked information which will mean endangering others who are just coming new to trading just like you and when they make mistakes they become discouraged and not interested any longer in trading meanwhile the problem is from the information they met first, usually first impression matters a whole lot, some persons may not be very persistent enough to get a better information as compared to that which they got already.
As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.
That's the point and the internet is already full of misleading information that directly hits someone and falls into danger if they follow. As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.
Ideally, as a learner or new to trading, must not just rely on a single source of information and must know the person we've followed. In fact, as you have said, a lot of people pretend to be an expert in the trading field but the truth is they are not, and they are spreading half-baked information to fool people and make them lose.
Beginner traders have minimal knowledge and want to flex or share their knowledge even though most of their stories are just sceptical, because of clout chase. I don't know if they have different reasons why they keep having a flex with the knowledge they didn't experience some of them are just based on the second-hand knowledge or experience of another trader not really on them, if you want to learn more in trading invest in knowledge and keep it lowkey you don't need to share tons of things in the internet just people who want to know or curious is enough. You can see there's a lot of trading gurus telling they have a higher successful rate and selling their services even though its just a basics.
Humanity has never been good at saying "I do not know", it doesn't matter what the topic is, you are not going to hear a lot of "I don't know"s in the world, whatever you are talking about and whoever you are talking to, the rarity of that sentence is not something to scoff at. So, when you see a newbie, trying to boast how much they know, even when they have barely any idea what they are doing, it is just humanity and we should not be considering that as a trouble.I need to make sure that we are dealing with something easy here, it is going to be fine, it is not going to be a trouble and we just need to make sure that it is going to be newbies and how they are. Ignore them and just let them be, they will soon learn their mistakes anyway.
Trying to show off or rather putting out information when you know you are still at your early trading stage could actually be misleading because you may end up sharing half baked information which will mean endangering others who are just coming new to trading just like you and when they make mistakes they become discouraged and not interested any longer in trading meanwhile the problem is from the information they met first, usually first impression matters a whole lot, some persons may not be very persistent enough to get a better information as compared to that which they got already.
As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.
This is also very dangerous for those showing off, since one of the problem with lies is that if you repeat them often enough you may believe they are the truth, so a newbie trader which tries to make it seem as if they are an expert on the topic will begin to believe they actually are an expert, and this means that when the time comes they will take risks that are too high for their level of expertise and suffer massive losses because of their false beliefs about themselves. As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.
Trying to show off or rather putting out information when you know you are still at your early trading stage could actually be misleading because you may end up sharing half baked information which will mean endangering others who are just coming new to trading just like you and when they make mistakes they become discouraged and not interested any longer in trading meanwhile the problem is from the information they met first, usually first impression matters a whole lot, some persons may not be very persistent enough to get a better information as compared to that which they got already.
As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.
As beginners it's important you stick to learning first and focus more on becoming profitable and a good trader than rushing to come online and show off what you actually don't don't have.
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