Trading as a newbie? - page 2. | Bitcointalksearch.org

Pamadar

legendary

Activity: 2982

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Quote from: Huppercase on July 16, 2023, 05:33:10 AM

Quote from: Tahid12 on July 14, 2023, 05:26:01 PM

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

If you don't give it a try, you will never know what you don't know but first you must do it with proper management of funds, hence the reason why you always hear advance traders always advice the new traders to trade with risk management, they should not just jump and started trading by blindly following the trend. In addition to your claim, I don't think trading is a typical thing, if it is everyone will be doing it and there will be no one crying of loss and also telling newbie to stay away from it is very discouraging, its like telling them not to give it a try at all and if they don't they will never understand the market and how trading works.

Good point, you will never know until you try, but then again, you can use all advice as referrence.

Before stepping inside the market, make sure to have a basic understanding and knowledge in terms of money management,
it's your equipment while learning from the wild place of trading.

There is always a learning experienced and the fact that you need to know risk management is for you to handle all the pressure
and adjust when it's needed the most. Your money means your responsibility.

Huppercase

hero member

Activity: 784

Merit: 517

Quote from: Tahid12 on July 14, 2023, 05:26:01 PM

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

If you don't give it a try, you will never know what you don't know but first you must do it with proper management of funds, hence the reason why you always hear advance traders always advice the new traders to trade with risk management, they should not just jump and started trading by blindly following the trend. In addition to your claim, I don't think trading is a typical thing, if it is everyone will be doing it and there will be no one crying of loss and also telling newbie to stay away from it is very discouraging, its like telling them not to give it a try at all and if they don't they will never understand the market and how trading works.

irhact

hero member

Activity: 616

Merit: 749

Quote from: usekevin on July 08, 2023, 03:46:00 PM

Every exchange had their own advantages and disadvantages.Binance is one of the recommended exchanges by the most of the traders and experienced investors also use the Binance as compared to other exchanges.But binance also had the disadvantage of future trading part,if you use the future trading surely it will get all your invested money.Most the people who excited by the minor profit from future trading will get loss of huge money.Even many of my friends loss huge money from future trading.

.

Future trading isn't a disadvantage on Binance exchange, future trading is an advance form of trading and only those that are experience in trading futures contracts should be trading them. If you're newbies and you decide to try it without any knowledge and lost, that doesn't make it a disadvantage instead that should be a wake-up call so you don't try things you don't understand. You can be trading with the spot market and still be making profits.

Newbies interested in trading can use Binance without any fear as they're one of the best exchanges in the market. One disadvantage they have is that they'll require you to undergo KYC before you can make use of their exchange but all centralized exchange do this.

Kimonoe

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Activity: 700

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Quote from: lunnatic on July 14, 2023, 10:53:30 PM

Quote from: Bushdark on July 14, 2023, 06:59:52 PM

Quote from: Tahid12 on July 14, 2023, 05:26:01 PM

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

This is a big challenge for newbie traders because basically trading is so complicated,
much to be learned besides basic knowledge and skills,
besides that experience is also important and we can get it by trying.

as a beginner, you must be thirsty to learn about trading, because there will be a lot of knowledge that can be absorbed from various sources. but basically will have the same core. including technical analysis, money management, and trading psychology. many are looking for the best technique for trading, but that is a wrong thought, instead psychology must be thickened to get consistent profits, but without leaving TA and money management

lunnatic

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COMBONetwork

Quote from: Bushdark on July 14, 2023, 06:59:52 PM

Quote from: Tahid12 on July 14, 2023, 05:26:01 PM

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

This is a big challenge for newbie traders because basically trading is so complicated,
much to be learned besides basic knowledge and skills,
besides that experience is also important and we can get it by trying.

Bushdark

sr. member

Activity: 854

Merit: 262

Eloncoin.org - Mars, here we come!

Quote from: Tahid12 on July 14, 2023, 05:26:01 PM

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

Tahid12

member

Activity: 433

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#SWGT PRE-SALE IS LIVE

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

Ricardo11

member

Activity: 406

Merit: 76

#SWGT PRE-SALE IS LIVE

First, you need to gain knowledge about coins. Every coin you trade in should be researched and analyzed. No trading will guarantee you success. Never trade more money if you are not ready to lose your money. That is, invest as much money as you are prepared to lose. If you trade without skill, you will only lose your money. Before trading you must consult with an experienced trader. And when you trade you must do your trading market research.

usekevin

hero member

Activity: 2170

Merit: 553

Vave.com - Crypto Casino

Every exchange had their own advantages and disadvantages.Binance is one of the recommended exchanges by the most of the traders and experienced investors also use the Binance as compared to other exchanges.But binance also had the disadvantage of future trading part,if you use the future trading surely it will get all your invested money.Most the people who excited by the minor profit from future trading will get loss of huge money.Even many of my friends loss huge money from future trading.

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: ?? on ??

The main thing is not to make such mistakes as beginners.

Newbies are prone to mistakes and that's inevitable. Even if they don't want to make mistakes, they'll experience and learn from it. That's going to set them a foundation as they start.

Quote from: ?? on ??

This may not lead to the best results, so it is better to take this into account in advance. In addition, it is worth starting to work initially when you already have some experience.

It's expected that beginning won't give the best results, they take that and they learn from it. Because not everyone is good at the start, it takes time to be.

Desscount

full member

Activity: 1386

Merit: 101

ComboLabs

Quote from: Pamadar on July 03, 2023, 02:24:26 PM

Quote from: Inwestour on July 03, 2023, 05:06:55 AM

Quote from: Pamadar on July 02, 2023, 04:41:16 PM

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

Indeed, without any learning from past mistake will only repeat itself, that can harm your finances.

It's needed to make sure that you learn from each trades and even you just use a small amount of starting capital
the important thing is that you are learning from your every trade participation.

Nothing can be succeeded if you are unable to manifest good knowledge with the business that you are taking, it will
just empty your savings. Learning is very important.

It's a shame for sure when one doesn't learn from previous mistakes,
learning from mistakes for me is much more effective because we can know what to do not to repeat it,
focusing on learning is good for the long term.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: Inwestour on July 03, 2023, 05:06:55 AM

Quote from: Pamadar on July 02, 2023, 04:41:16 PM

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

Indeed, without any learning from past mistake will only repeat itself, that can harm your finances.

It's needed to make sure that you learn from each trades and even you just use a small amount of starting capital
the important thing is that you are learning from your every trade participation.

Nothing can be succeeded if you are unable to manifest good knowledge with the business that you are taking, it will
just empty your savings. Learning is very important.

Compromise me

sr. member

Activity: 462

Merit: 328

Quote from: uswa56 on June 30, 2023, 03:59:48 AM

Quote from: SaveOurSea on June 29, 2023, 09:48:11 PM

Quote from: rojan on June 28, 2023, 11:37:33 AM

Quote from: JahriMeayer on April 30, 2023, 04:33:35 PM

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk. .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

There is no risk in trading, we risk it because we make our emotional levels too high, because of which we feel risks.. It's all about your mindset in gaming. Which is 80% psychology and 20% skill. These conditions of technical analysis are helping to control our emotions and Los risk.
So in my option technical analysis is very very important for trading.First of all you need to know the technical analysis.Then you can avoid risk.

Inwestour

hero member

Activity: 980

Merit: 947

Quote from: Pamadar on July 02, 2023, 04:41:16 PM

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: uswa56 on June 30, 2023, 03:59:48 AM

Quote from: SaveOurSea on June 29, 2023, 09:48:11 PM

Quote from: rojan on June 28, 2023, 11:37:33 AM

Quote from: JahriMeayer on April 30, 2023, 04:33:35 PM

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk. .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

cute nmp

jr. member

Activity: 1652

Merit: 3

It takes time for one to be a good trader .Trading is not as simple as many people think so it will be better for one to start with a little capital to avoid loosing much when starting out.One also need to learn as much and choose the strategy that best suits his trading style.

Kalam001

jr. member

Activity: 122

Merit: 6

Quote from: JamesDaniel90 on January 05, 2023, 07:10:08 PM

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Anyone done something similar or will it just lead me to losing my money?

You will lose your hard-earned money or possibly your trading capital if you are greedy, therefore you must be extremely cautious, educated, and wise. If you want to succeed in the trading market, a word of advice would be to be focused, on time, consistent, continually monitor your business, and most importantly, put greediness to one side.

AnonBitCoiner

sr. member

Activity: 1428

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: JahriMeayer on April 30, 2023, 04:33:35 PM

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

One or two losess can be ignored after getting profit but if someone regularly loses money then I leaving from trading until you learn will be better. without knowledge one can get benefit for at least two or three times but they will understand that it's not because of knowledge but it's because of market fluctuations. At start you will definitely face some issue but you will be successful if you learn well to manage the risk and to avoid your emotions.

For success in trading only money is not necessary but getting knowledge is also crucial. Those will always be profitable who know about the market situations, proper timing of taking decision, have control on their feelings and have ability to use strategies accurately.

hasitha lakshan

newbie

Activity: 275

Merit: 0

If you are new to trading, if you don't have much knowledge about trading, don't go for future trading first. It's not enough that you have interest in emony, you also need good knowledge about it, anyway you First of all start doing spot trading and grow the fund and put 1% of that fund into one trade and start future trading. Or you can watch youtube videos and gather some knowledge trading is always risky!

uswa56

full member

Activity: 812

Merit: 210

Quote from: SaveOurSea on June 29, 2023, 09:48:11 PM

Quote from: rojan on June 28, 2023, 11:37:33 AM

Quote from: JahriMeayer on April 30, 2023, 04:33:35 PM

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk. .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

Topic: Trading as a newbie? - page 2. (Read 2895 times)