Newbies that can't control their greedy will go straight for leverage trading, no matter how much you try to shut down that idea in their head. I think you should let them be to lose their money and know-how scary leverage trading is without any knowledge.
Leverage trading is a risky type of trading. If you would compare it to a normal spot trading then you are like gambling with a small percentage of winning. Im not saying there is no chance to earn, but make sure your apetite for it is not all or nothing. Learn to be patience cause profit not come with greed at all. I am not an expert trader and dont understand high technique on technicals but I can control myself when to sell and when to buy at time. If users wanted a moderate risk then hold your best coin and wait for it to gain in long term period. 
Topic: SIMPLE ADVICE TO ALL NEW TRADERS (Read 573 times)
TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage , to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
I will say in simple language that rules are an important issue in trade.I think it is possible to make a profit if you can trade according to the rules.your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
And of course good feedback is available if you stay within the rules.Nothing good can be expected without rules.One thing to keep in mind in trade. You don't have to be late to make a decision.The ability to make decisions is much more important.
Using leverage trading for new people who don't know much about trading will be too risky and dangerous because they can get lost anytime.
Precisely, it's not just luck that they should rely on but understanding and
knowledge within this market is very important.
Leverage trading needs great anticipation and good management of your funds.
It will be hard to analyze the chart because they will not have an idea to enter and close the trading.
This is crucial with new traders, the market movements, even in small actions, will
create impact to your position.
That people need to learn more before they use leverage trading and I think they need to try using the other exchanges rather than to try with the leverage trading.
Practice with another different types of trading is a good suggestion. Newbie
might need to understand the basics,
then try to analyze and understand if they already have skills that they can use
before pushing their involvement with leverage trading.
Newbies that can't control their greedy will go straight for leverage trading, no matter how much you try to shut down that idea in their head. I think you should let them be to lose their money and know-how scary leverage trading is without any knowledge.
Leverage trading is a risky type of trading. If you would compare it to a normal spot trading then you are like gambling with a small percentage of winning. Im not saying there is no chance to earn, but make sure your apetite for it is not all or nothing. Learn to be patience cause profit not come with greed at all. I am not an expert trader and dont understand high technique on technicals but I can control myself when to sell and when to buy at time. If users wanted a moderate risk then hold your best coin and wait for it to gain in long term period. 
Using leverage trading for new people who don't know much about trading will be too risky and dangerous because they can get lost anytime.
Precisely, it's not just luck that they should rely on but understanding and
knowledge within this market is very important.
Leverage trading needs great anticipation and good management of your funds.
It will be hard to analyze the chart because they will not have an idea to enter and close the trading.
This is crucial with new traders, the market movements, even in small actions, will
create impact to your position.
That people need to learn more before they use leverage trading and I think they need to try using the other exchanges rather than to try with the leverage trading.
Practice with another different types of trading is a good suggestion. Newbie
might need to understand the basics,
then try to analyze and understand if they already have skills that they can use
before pushing their involvement with leverage trading.
I studied trading and during the first year, I was not allowed to use a balance of more than $ 100. I entered trades for very small amounts just to practice discipline. in the second year, I was allowed to trade for 1000 dollars
No matter how much money you use to trade, as long as you can learn more about trading, you can make a profit, so your funds will become bigger. When your funds become bigger, you can trade using big money, and if that happens, you will have a chance to make more profit in trading. Many people start trading with a small amount, and many do not give up trying to make a profit. But only some of them can survive and finally, make those profit while the other trader leaves the market.
to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
Have you ever traded in the market?Trading with $ 10 fund is completely different from $ 10k fund especially trading psychology. It is possible to achieve a high profit rate when trading with a small money, but once you have achieved a large amount of capital, all of your decisions will be affected by your psychology. This is what I went through when trading.
Just like doing investment, in trading you must also equip yourself with prior knowledge that concern on how you will do trading so that you can be able to keep up on the fast changing pace of the market. Trading without having prior knowledge on how you will do a trade is like putting up your money into a gamble that maybe you will be lucky to gain on quite sometime but most probably you will fail doing trade because of rushing things out not knowing the basic ideas and concepts needed before you conduct your own trade.
Like investment, trading also takes time and patience together with discipline to be able to hold back on temptation that will challenge your mind to do decision making of what you will do on your money upon doing trading. Do not let your emotions dig in or intercept the way you do decision on your trades because impulsive decisions driven by emotions can lead you into a failure. Learn to observe and duly understand the flow of prices so that you will not be mislead on doing your trades that is why having prior knowledge is really in need on this one because money is at stake and if you will not take it seriously, this will lead your money on a fail trade. Learn first before you act on engaging into trading and do not rush things out because it is a must thing to do if you want to be a successful trader.
Like investment, trading also takes time and patience together with discipline to be able to hold back on temptation that will challenge your mind to do decision making of what you will do on your money upon doing trading. Do not let your emotions dig in or intercept the way you do decision on your trades because impulsive decisions driven by emotions can lead you into a failure. Learn to observe and duly understand the flow of prices so that you will not be mislead on doing your trades that is why having prior knowledge is really in need on this one because money is at stake and if you will not take it seriously, this will lead your money on a fail trade. Learn first before you act on engaging into trading and do not rush things out because it is a must thing to do if you want to be a successful trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage , to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
I agree with you, a good trader does not go around sharing his wins, especially a single win. A good trader has numerous profit history to choose from and does not need to send you any proofs, instead he guides you to perfection and help your trading knowledge. Always avoid signal groups and learn to be independent in your researching
TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage , to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
Choose your own trading strategies, don't fall for others.Yes it is true that we need patience if we want to make money from trading but some times we also need to act quickly to save us from huge dumps for that we can use trading bots and stop loss features but again its your money so take responsibility while making trade orders. your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.
ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR
TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage , to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
That's why we said that trading is not for everyone, because it really takes a lot of preparation not just financially, but you need to be mentally tough as well. Can you take seeing negative in your account? Are you emotional trading? So you need to have discipline and learn to control your emotions, you shouldn't trade with your heard, but used your brain to make logical decisions.
I certainly agree with you. Trading is actually a long process of learning and mental conditioning. Since the market is unstable, we should also learn how to control our emotions or else it will be the one who will control us. Trading isn't as easy as everyone thinks because there isn't an assurance of a good profit. It needs further understanding for us to deal with every market situation easily.
Newbies that can't control their greedy will go straight for leverage trading, no matter how much you try to shut down that idea in their head. I think you should let them be to lose their money and know-how scary leverage trading is without any knowledge.
Trading such different amounts is, I think, very different. Mental stress will make itself felt. And this will influence the correct choice of decisions. This is a complex business that requires a lot of time and investment. This is work on yourself first of all. Secondly, training and technical analysis. Another important aspect is quick decision making and psychological balance.
I studied trading and during the first year, I was not allowed to use a balance of more than $ 100. I entered trades for very small amounts just to practice discipline. in the second year, I was allowed to trade for 1000 dollars
No matter how much money you use to trade, as long as you can learn more about trading, you can make a profit, so your funds will become bigger. When your funds become bigger, you can trade using big money, and if that happens, you will have a chance to make more profit in trading. Many people start trading with a small amount, and many do not give up trying to make a profit. But only some of them can survive and finally, make those profit while the other trader leaves the market.
TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage , to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.
That's why we said that trading is not for everyone, because it really takes a lot of preparation not just financially, but you need to be mentally tough as well. Can you take seeing negative in your account? Are you emotional trading? So you need to have discipline and learn to control your emotions, you shouldn't trade with your heard, but used your brain to make logical decisions.
I agree on the point that when doing trading you must equip yourself not just financially but also mentally as well as physically because all of those are correlated with one another. (1) Financially stable in a sense that when doing trading, you must have your own fund to use and not a borrowed one so that you will not feel any pressure that you must earn on an instant to be able to pay right away the capital you have borrowed to get started. (2) Mentally because trading will challenge the way you think and perceived regarding your trading strategies and how you can be able to cope up on the changes happening in the market that can affect your trades. In mental strengthening, emotional handling comes in because if you have a stable mental perception this is when you can control your emotion not to drive your decisions with impulse because of what you just feel in your emotion. (3) Physically in a sense that upon trading you must also strengthen your physical aspects because there might be times that there will be sleepless nights for you do not want to miss any opportunities on the volatile market that can be favorable on your part.
With regards to not all people are capable on doing trades, actually for me all are capable it just so happen that they still do not know how to do trading but if they will study to learn and understand how it is done, they can still do on trading. It just so happen that we have already know how to trade which makes us capable to trade on which at the first place we also started as newbies. If we have done that to reach this point, then other people starting can do it also. Just do not rush things and make time for learning before engaging.
Exactly! when I was new in leverage trading the first mistake I made was using high leverage because of that I lost a lot of bitcoin it's only later I understood higher leverage equals lower liquidation price. We should always take ladder entry with low leverage IMO. Also, do not just blindly open a position without understanding the market.
True. I would never suggest any newbie to start leverage trading because you can lose money as easily as you can gain money. There are tons of YouTubers claiming you can easily make money using leverage trading but they are just trying to up their referral count so that they can make money.
specifically for trading in this crypto market there is something different from other trading. the crypto market is volatile and has not been legalized by the government. so in addition to our proper analysis of trading, being careful when entering into market exchange is also important. where we have to really choose a market and platform that is trusted and has high liquidity.
I studied trading and during the first year, I was not allowed to use a balance of more than $ 100. I entered trades for very small amounts just to practice discipline. in the second year, I was allowed to trade for 1000 dollars
That's about to build your mentality to adapt to the situation that was happening with the market. As you can see so many newcomers were trading with a lot of money and that's very risky to be done by a new trader that knows nothing. I studied trading and during the first year, I was not allowed to use a balance of more than $ 100. I entered trades for very small amounts just to practice discipline. in the second year, I was allowed to trade for 1000 dollars
That rule was made by you or you have a mentor that monitored you and gave those guidelines for you to follow? I think you have made it properly and that kind of ruling as a new trader is a basic requirement. The discipline that you have learned with that rule made you a better person and at the same time a trader. If you were able to make such amounts with a capital of $100 and you are very disciplined, how much more you can with $1000 capital. Jump to: