Topic: Newbie should trade or not? Please give me idea. - page 2. (Read 33481 times)

You should be serious when you do treat it as a business or investment or make it as source of income for your living which means it would really be needed time and effort on your side.
You wont get successful if you dont put up something on it. Make it serious and do your best as you can.Newbie shouldnt trade? You wouldnt learn if you dont start up
something that you do seem worth. It doesnt need for someones permission or opinion if you do start or not. Do it on your own which you do see its an opportunity for you to make money.
Just take this thing on a process and dont hurry because this will really result into mistakes.

Yes, trade, but you must be ready to do trading as your profession, and ready to not earn any more for maybe 1,5-2 years. But still trading. That`s why for start you must have money for living maybe for 6 monts without any income.

And I advice you to start with really little money. No matter how many you have. But most of traders loosing their money first monts or even years. So start with for example just 10$.

Many references how to start trading but I have source information about which one coin good for trading because almost his prediction before always correct with touch higher price, so I think better allow with his signal than have looking for by my self and do not exactly will correct prediction, I have try many time and his prediction always true with coin could going up, but have big risk because almost his coin prediction list on dex exchange and need to pay higher fees, so we have begin with higher amount for trading because little amount just enough to pay fees transaction.

Especially for now, there are many references that we can easily learn. Many sources of information can really help us in learning how to trade properly, both in terms of trading planning and proper application of money management so that it can provide positive value for our trading.

Because basically the trading concept is on how we plan to trade properly coupled with the right money management.

Trading is beyond knowing how to create and stop order,  newbies need to understand that checking coin market or coingecko for token or coin market cap is not enough research to start trading a coin.  You need to know the usefulness of a coin, the team behind the project, roadmap and target.  Only this way a trader will have rest of mind over his assets.

It depends because trading will not be as easy as imagined, if you still don't have a lot of knowledge and experience then it would be better to cultivate these two factors first. Please keep learning and start putting money into the exchange and then buying it, holding it for a while will not be a problem until finally you are ready to undertake more risky day trading.

Do not trade if you don't have any knowledge about trading its very complex and you are likely to lose than gain your money, i started trading back 2017 on Hitbtc at first I thought it was all about buying a coin due to high rate of buy and sell but no i was far from it. i bought so many worthless coins at 0.0006 hoping it would at least hit up to 0.0008 so I could sell and make a gain. But opposite was the case the coin was delisted one month ago after 2years of Hodl thinking it would increase in value. Get it trading class before you start or you just buy signals.

Before you go into trading, try to know the basic of trading. You should learn when to buy and sell. Learn how to buy from the deep or from support level and sell from a resistance level. There are 100s of strategies you can choose from and  master for your daily or long term trading. I prefer swing trade to hold for long time before selling. There are a lot of materials online that can help you know how to trade.

You need to be passionate about it and give it all it takes without any relenting. Majorly you need to learn, and keep learning, you will make mistakes, forgive yourself, move on track your progress and get better.

Of course you should trade. No one become expert in one day, everyone started from newbie. Try to gain as much trading knowledge as you can from internet or from this forum and start trading . But you should start with small amount with first time then when you will learn better then you should go big .

beginners indeed have many obstacles when trading, there will be many problems that will be experienced,
because emotions, strategies, analysis will not go according to the flow we expect, lose or win is a sign,
do it first!, and don't be afraid to trade, from your experience will be able to learn.

Bull run doesn't make your trade less risky.It depends on when the time you did enter in the market because even if the market is rallying up doesn't
mean that will be guaranteeing profits that you would make. We do start on being a noob and its just right for us to use only a minimal amount
when we are just starting to learn and never ever consider on using big amounts because most likely you would really be losing up the entire bankroll you do had.
Trading is for everybody and we are all classified as noobs when we do start on having or zero knowledge at all.

Also taking like 200$ that you can trade and learn with that is good start. Also being in BTC bull run will make trading less risky.

I know that all themes referring faucets is underrated by you guys and probably never really touch any of this sites, but i thinks that they
giving you money for almost no effort and risk(in comparison to trading) can simulate ours creativity to make money in a superior way. Trading
is very stressful for most people and the majority of persons trading are someway incompatible to what they are doing for living. I was just another nerd trash a month ago, almost poor, living thanks my mother money and just barely living until i came to know that you could actually make a lot (a lot!) of
money just following some interesting websites. You just have to connect to the right people, do some research about what algorithm could really be effective to just not stop making money by seconds and you life change for good. I recommends faucet to anyone on this discussion that feels inclined
to perform this kind of live, to get out of the drama of that trading bullshit and pursuit the faucets sunshine. Stop burning yourself and take fun while
earning "Illogical" amount of money through one of my favorite faucets, FaucetPay.io on    https://autofaucet.dutchycorp.space/ 
   
 I really love that site, it feels like the community of faucets and it is super social and sophisticated. Please visit this site, for your own good, they generously offer you with satoshis "every 2 minutes" for free online fun. It is very interactive, have a lot of activities and mini games that you may want
to complete in order to monetize your fun time. I recently came to think of faucets like this one almost as philosophical entities (your free time becomes money, your fun becomes power), is really wonderful. Those whit interest, i recommend to start the faucet journey at this site, just sign up acceding through the link above or for this link: https://autofaucet.dutchycorp.space/?r=CrackingDuck
I assure you that it will be better that trading, just being creative and curious will get you in the right way(and with the right amount of BTC).
Just give this a try and see it. Thanks


P.S: Sorry my bad english

We have to have a basic analysis to be able to carry out trading properly, so it's good for beginners, if we already have the right basic trading planning, I think it will make our trading much better because financial balance is in accordance with our abilities even though a beginner is really needed.

Traditional trading even requires you to have a knowledge of the assets you are to sell on the market what more of digital currencies? you need to be able to know what you are trading and you need to have at least a mentor or a coach preferably who would be ready to guide you. Aside that you need to develop your emotional heath to accommodate the movement of market either positively or negatively.  Of course newbies can trade as every expert today was once a newbie.

cryptocurrencies trade is open to all kinds of people. any people can do it, just need to create an account and buy BTC/altcoin. but it's very hard to gain profit from a trade. because it's a very risky task, also you may be lost all of your capital here. so I suggest you learn technical analysis and fundamental analysis. without proper knowledge don't try to do trade. first, try to lean, and after that try to earn.

Well, you are right there. If I were a newbie, I will not execute and enter into the trading field if I am not yet ready for the battle. Because trading for me is required skills and knowledge that you can able to decide and make a strategy on your own without relying upon other people's work. You can also use the demo for better practice in trading or even copy-paste trading and I suggest using E-toro as the best exchange platform that offers copy-paste trading from experts. However, still, experience makes traders perfect in the end.

The best thing to do when you are newbie is to collect factual information about trading. We can ask the pro traders online or personal on how it will works. Collecting some ideas to take advantage the environment and look for experienced guru online is good to enhance our knowledge in trading industry. But at the end of this, we have to experience trading even in a demo accounts. There are trading platform that offers demo account in trading. But for me, a real account is way better why? Because we literally feel the emotions we have to ride in trading. In demo account, we cannot feel it because we don't risk anything just time.

For being expertise in anything, you should start atleast with gathering some knowledge and you will also teach over the time and your experience will grow more. Need to have enough patience and understanding mind to handle any situation. We, all are came from newbie. So if you want to become successful, you can try and over time being, you will definitely be a pro in this section.