Topic: Trading as a newbie? - page 8. (Read 2895 times)
I think day trading is always very hard to earn hustle. You always win more if you invest and hodl. Of course, you can win much in a day when you trade but you will lose more the next day. I tried CDF trading and it was really stressful for me. Overall, CFD trading can be a high-risk, high-reward activity that requires a lot of knowledge and skill to be successful. As with any type of trading or investment, it's important to do your research, understand the risks involved, and seek professional advice if needed. You can learn more about CFD trading if you are sure that you can control your emotions.
Losing is inevitable it is really just you should really know on how to manage risk because it is really still that good that even if you do have losses which is inevitable but still ending up on being profitable on overall trade then this is what mattering the most.People should target out on being positive although it would be hard but its not something impossible that you couldnt really reach out.It is really just we do really need to have that
good preparation and risk management.Trading isnt something simple and we all do really passed up on being a newbie but overtime on the time you do get sufficient experience then you would
really be able to handle up yourself into this very unpredictable market.
I know that losing is inevitable but many people contribute for their Lost, so i believe that when someone scrutinized the market very well the rate of your lost will not be huge, so it's obvious that some people are not good trader but they jumped into trading without knowing the rudiments of trading, so their is every tendency that they will experience the negativities of the market, while those who have the knowledge of trading knows the ways to escape the lose of the market after making their research.good preparation and risk management.Trading isnt something simple and we all do really passed up on being a newbie but overtime on the time you do get sufficient experience then you would
really be able to handle up yourself into this very unpredictable market.
I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.
Your right, while some people do lose in cryptocurrency investment is due to lack of investigation and research, like some people likely invest in a coin that doesn't have potential, a good investors will scrutinized a coin very well before it will directly go into investment, many altcoins today have made so many people to lose their capitals due to wrong investing on a coin that doesn't have potential, and secondly do not rush to invest in a coin with a proper research of the coin, some people invest in coin Because of promoters are making emphasis of such particular coin, so do not be deserved on investment of cryptocurrency.good preparation and risk management.Trading isnt something simple and we all do really passed up on being a newbie but overtime on the time you do get sufficient experience then you would
really be able to handle up yourself into this very unpredictable market.
I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.
Your right, while some people do lose in cryptocurrency investment is due to lack of investigation and research, like some people likely invest in a coin that doesn't have potential, a good investors will scrutinized a coin very well before it will directly go into investment, many altcoins today have made so many people to lose their capitals due to wrong investing on a coin that doesn't have potential, and secondly do not rush to invest in a coin with a proper research of the coin, some people invest in coin Because of promoters are making emphasis of such particular coin, so do not be deserved on investment of cryptocurrency. 
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?
Anyone done something similar or will it just lead me to losing my money?
If you do something like this without having proper knowledge of how the market works and also how to know if a coin or a project has potentials or not then the probability of you investing in a project that will never get to go back to its all time high price is just so high, like really really high. For me I'll advice that you take some trading lessons and then try using little amount that you know you won't mind losing to practice I'm sure after like about a month time you should have gotten enough experience to start realising some profits.
That's just the best bet for me rather than look for some shortcut on how to accumulate profits just go through the learning process and when you're done with that you can then start the earning. Most times both can take place at the same time.
I think that for a beginner, there should be a mentor who will help you gain experience in trading. Or you can use a good trading bot that will allow you to make the right decisions. I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.
Having a mentor is good but it is not a must. Not every experienced trader started their trading with a mentor, some can succeed by learning themselves. I myself never have had a mentor, I learned it by self-taught. There are many sources that we can learn trading, both articles and youtube videos.Bot trading is optional, I never used it. The best way is to use our own skills to determine everything in trading. Don't depend on the bots!
I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.
As newbies faces more risky conditions so I think that how a person will know that is 15 percent low in my opinion I just think that there is no guarantee that will the choose coin goes 10 percent or will down. So always make decision after sharing and getting your ideas through conversation, through participation in different trading groups and also through reading information.
You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.
Sometimes it also happens that person just see the down price but does not think properly and estimated that now its low so it will boost up in future but unfortunately it does not happen because the market is unpredictable no one knows that whether the down Coin will elevated or become more in dip.
You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.
Sometimes it also happens that person just see the down price but does not think properly and estimated that now its low so it will boost up in future but unfortunately it does not happen because the market is unpredictable no one knows that whether the down Coin will elevated or become more in dip.
Personally, trading as a newbie with no knowledge some do, but I wouldn't do it in Crypto due to the high volatility. I think I would go to a market like forex, because they have a consolidated volume, since as I have said on a few occasions, in an unconsolidated volume it is almost like doing or going to a casino and playing, because it is like guessing, in trading you don't you can leave things to chance, and in trading you can't leave everything to chance, because it would be irresponsible, trading is more focused on people who know what to do, it's a bit complicated, sometimes you can have the best analysis of everything, but it can be quickly invalidated on grounds that you had not considered.
You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.
Taking it seriously will add up knowledge in every outcome that they've got from their trading participations. Looking at the point that trading is a business, and it involves hard earned money that we will going to use.
It might take time, but if a trader is really aiming to learn to find all the best practices will be his
goal to achieve to help him to succeed in this business.
You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.
As newbies faces more risky conditions so I think that how a person will know that is 15 percent low in my opinion I just think that there is no guarantee that will the choose coin goes 10 percent or will down. So always make decision after sharing and getting your ideas through conversation, through participation in different trading groups and also through reading information.
You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.
Sometimes it also happens that person just see the down price but does not think properly and estimated that now its low so it will boost up in future but unfortunately it does not happen because the market is unpredictable no one knows that whether the down Coin will elevated or become more in dip.
You should always choose a coin with strong base so it does not matter that how much it goes up because if it increase little you will have definitely a good results.
Sometimes it also happens that person just see the down price but does not think properly and estimated that now its low so it will boost up in future but unfortunately it does not happen because the market is unpredictable no one knows that whether the down Coin will elevated or become more in dip.
I think that for a beginner, there should be a mentor who will help you gain experience in trading. Or you can use a good trading bot that will allow you to make the right decisions. I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.
Having a mentor is good but it is not a must. Not every experienced trader started their trading with a mentor, some can succeed by learning themselves. I myself never have had a mentor, I learned it by self-taught. There are many sources that we can learn trading, both articles and youtube videos.Bot trading is optional, I never used it. The best way is to use our own skills to determine everything in trading. Don't depend on the bots!
To work with bots, you probably need to have a strong understanding of trading. Do I need to know how to program to set up a bot?
as far as I know, most bots are created using specific tools. If the trader is experienced, he will deal with this very quickly. and for beginners special constructor.It's okay for a newbie to use trading bots and you guys will learn it along your ways as you experience losing and winning with your trades. But it's always best to go with the traditional way of learning in trading.
As first, it may be too hard but it's true that once you gain experience, whether you're with a bot or none, you'll be doing it easily but doesn't mean it's always profitable.
As a pro trader, I totally agrees that compounding with smal capital is a dope approach to build a solid foundation for a successful trading career. Impatience and emotions are the two main culprit that cause most beginner to fail. Trading is a long-term game that require discipline, patience, and the ability to control emotion. I always advise new traders to start smal and trade with a strategy that suits their risk apetite. Over time, they can improve their skills and increase their capital through consistant profit. By learning to enjoy the trading process, one can avoid getting caught up in the emotional rollercoaster of wins and loses. Its crucial to continuously evaluate and learn from each trade to level up their trading game. I believe that with time, consistancy, and patience, anyone can become a succesful trader with smal capital, and that's a fact!
Are you saying that trading can bring a stable income? Do you manage to make a profit every week, or every month, or does it work in some other way?I can say that I am a beginner in trading, I am just taking my first steps, but I already see that it will not be easy to get a stable profit in trading. You can buy a coin and it will be in a flat for a long time, or its price may fall and the deal will turn out to be long-term and we will receive profit only in a few months, or even longer.
I agree that discipline will help you get better results in trading, it kind of intersects with investing, but if the trades are long-term, they will not be much different from investing, right?
Anyone done something similar or will it just lead me to losing my money?
I don't think this kind of work will always be profitable, and it depends on the quality of the coin you choose as well as the promise of the developer team of a project you will choose, indeed this is a good job to serve as a sideline, but I think this has risks, between these advantages and disadvantages there is not much difference, I think you have to choose the right choice to avoid losses and lose your money, which we hope not to lose from everything you use in this work.
I think that for a beginner, there should be a mentor who will help you gain experience in trading. Or you can use a good trading bot that will allow you to make the right decisions. I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.
To work with bots, you probably need to have a strong understanding of trading. Do I need to know how to program to set up a bot?I think that for a beginner, there should be a mentor who will help you gain experience in trading. Or you can use a good trading bot that will allow you to make the right decisions. I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.
To work with bots, you probably need to have a strong understanding of trading. Do I need to know how to program to set up a bot?
I think that for a beginner, there should be a mentor who will help you gain experience in trading. Or you can use a good trading bot that will allow you to make the right decisions. I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.
But if you only have small bankroll, use small amount of money while you are learning the process.
You can only learn such strategies if you will experience it on your own.
That is true, you will incur losses but should not give up as you won't see your success if you will give up early.
High likely these successful traders have been doing this activity for years before they can say to themselves that they already mastered this task.
You can only learn such strategies if you will experience it on your own.
That is true, you will incur losses but should not give up as you won't see your success if you will give up early.
High likely these successful traders have been doing this activity for years before they can say to themselves that they already mastered this task.
There are ways to learn trading even if you have few or little money like doing 'Paper Trading' to avoid risking your money. In trading you earn big and also you lose big, so one must be ready for loses also. Every successful trader today has faced loses in his journey. The best learning is when you start trading with your own money and make decision on your own. There is no master guide in the market that guides you how to become a successful trader. This is something we have to learn on our own.
I like that idea. You should be willing to adjust to how you will be able to adopt the process, in every trading that you participate
it is important to learn from time to time.
Don't think about the quick process. It will risk your investment, better to undergo with everything
that you needed to learn and it will allow you to excel when you already have the deeper idea
with how the business works.
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by compounding, trading with small capital can become big because of patience and thoroughness. most beginners can't wait to get big trading results, so they trade emotionally, without realistic thinking about the market, greed is still firmly attached to them, so they must be released slowly. therefore, as a beginner trader, you must be able to enjoy every process in making transactions and continue to correct every action so that it can be evaluatedJump to: