Topic: Newbie should trade or not? Please give me idea. - page 9. (Read 33422 times)

Can Altcoin Fantasy be of any help for a newbie? Is this a place where you can learn how to trade but without the risk? Anyone any experience with it?

Newbies will not improve if they don't apply the things that they've learn in internet about trading. They should apply those things that they know so that they learn how trading really works, actual trading will help them visualize and know the true events in trading.

If they practice the things that they acquire in researching basic knowledge in trading they will not be scared or nervous once they are courageous about it.

Being interested in trading will really make you better and effective once they understand how trading works. It takes a lot of time, effort, and transactions for you to become a professional trader and all of us have potential to become one.

Small funds which you can let go in case that you made mistakes and losses your position once you enter the market,
take each steps as learning process for you.
Once you fully understand and you feel that you can work it out in enhancing your knowledge then you can add more
funds  to your initial investment.


To people who are willing to succeed, investing to his knowledge is really important, the more you understand
the deeper you can go and the higher chance of success.

Even if you are a newbie you can do trade anytime you want, as long as you have full of knowledge and idea for what you are
entering at you can do trade at once. But if you know that you're not in skills yet about in trading, well of course obviously, it is not advisable
for you to do trade immediately.

That is the best thing about trading now.

In the past, they won't be able to easily get information about trading cryptocurrencies. Right now, one google search can provide you thousands and thousands of sources. From articles, videos, books even forums are giving information about it.

This forum is filled with information about it, I think everything about cryptocurrencies went here. People are even sharing their investments here, how cool is that. I know that it is a strategy for them to both earn, still, that is cool to me that people are actually caring to other investors and traders.

The answer is yes! You have to start trading if you want to get better. Before that, you should learn any necessary knowledge, skills, techniques about the market. As he said above, when you start practicing, you should use the demo account and take it seriously! Once you have the imagination about how the market works, you can go ahead and trade with a small amount of money!

Of course you can. Everyone one start of being newbie before going to the next level. Also your experience of being a newbie will be your stepping stone to the next level.Trading is not easy because it is risky that's why there is always a saying that "invest only the amount that you can afford to lose" First use coins with lower value for practice trading.Doge coin is a good coin to start and while doing practice,get some knowledge through reading books in related to trading or got some ideas through this forum.There's a lot of trading materials that can help you understand it very well.

Everyone start of being a newbie in all aspect before going to a next stage. So,trying to trade as a newbie will be the start of your journey to understand crypto. When i start in trading i also tried doge coin,through reading and learning the trading process i learned slowly. At fisrt i lost my investment but later on i understand how to trade and avoid loses. There are many materials out there that you can use to learn more about trading but you know,experience is the best learning method for me because you can know it by your own and you can discover your own technique. It's so fun and interesting.

I think newbie is should try to trading and making some experience in cryptocurrency trading.
Newbie can start with light price coin like doge ang start making self analysis to understand how market work.

do not be lazy to continue learning of course and I agree with you. because by continuing to read on the right forum and ask at the same time practicing so as a beginner will get knowledge quickly to be able to adapt to the long dabbling. do not also give up quickly because there are always ups and downs in the face of all this, not always on luck we will get.

Absolutely, All the professional traders started as a newbie. right? So what's stopping you on being like them. It's all about if you wan't to pursuit it and how you deal with the challenges you come front with. So learn, experience trading on it's ups and downs. It's the things you have to experience to become a experienced trader.

Well, this is a difficult decision. I remember when I started my journey in the crypto world with very limited assets. making the decision to trade is very difficult for me. in fact, I lost at that time. however, learning about self-control, or consistency is a basic that needs to be present in a trader. besides that, you also need to consider the problem of risk.

Conduct first your own research and learn step by step about trading, don't be excited to trade it will possibly lead you to losses.But somehow you have to try trading in small amount first for you to learn and experience in your own and you'll be understand everything by your own experience.

As far as I know, cryptopia has been long gone now, correct me if I am wrong.
Trading is for everyone's choice. You are free to quit anytime you want but you are also free
to come back anytime you want, just as simple as that mate.

Just as it is not advisable for newbies to jump into investing or buying any cryptocurrencies immediately they joined the crypto space same way it is not advisable for newbies to join trading immediately. In each case, that is, trading or buying cryptocurrencies, there is need to get the knowledge guiding them first and foremost before venturing into any, this is to avoid costly mistakes which of course will result to losses. So my opinion is, first understand what trading is almost, read and learn about it, understand the risks involved, then take a step; with these steps you will be armed with the right knowledge to trade.

If you have good knowledge and proper skill with searching any thing about crypto-currencies, then you should be trade without any fear. I trade and I earn but I trade in late. So you can trade as little amount if you have want to trade.

Trading isn't for everyone. Almost 95% of all day traders eventually fail. But you can keep going if you have strong heart.
        You can hodl (This is a misspelling of the word ‘hold’, as someone once made a typo and it has since stuck around as a crypto-community trend) a cryptocurrency for short term also known as day trading . In this process trader hold an asset for just a few seconds, to a couple of hours and sell it before the end of the day, hoping to make a small, but quick profit.
       Holding on to a cryptocurrency for longer, this is called long-term trading.
       If you want to trade you need an exchange where you can buy cryptocurrencies at low prices and sell it at higher prices to gain profit. Two methods help you in better trading are-

    1. Speculation- It is when a trader believes a price will go up or down because of a positive news.

   2.   Chart analysis - Exchanges and many other sites provides charts where traders study the price movement of a particular cryptocurrency and try to guess which way it will go, based on historical price movements.
         
          Tips- Be ready to accept losses
                    Never chase your losses
                    Never invest more than you can afford to lose
                    Practice will make you perfect
 All above suggestions are my personal experience so understand all of the risks involved.

And also there are practice for free in other exchange now so newbies dont really need to spend a single amount to start learning.
but of course traders need to Lose at first to be more functional and assuring every trades they do and this is what we need to be specific in trading,Losing is part of this profiteering and never expect 100% success.

Newbies shouldn’t start to trade with big amount, i prefer small amount for the practice purposes. Newbies firstly more possibility to losing money in shrot time, so no need big capital at first. Brokers i think you mean exchanges, those aren’t reliable and known in crypto space which you recommended. Conditions dosen't fact, as a newbie you need a lot of practices at any condition.                   

My philosophy is that hell yeah, we should have newbies trade, the better question is why not? The reason I think its important is not only for their benefit which obviously is the learning and creating more opportunities but I also see a benefit to the rest of the community by having new people learning how to trade new strategies will be discovered or practiced and its a way to keep it going... I think of it more like an opportunity to learn then create value, sure there are risks and not everyone can make it but in my opinion knowing that you tried its just as important as succeeding