Topic: Trading as a newbie? - page 9. (Read 3004 times)

yes and I tolerate the idea because of my willingness to risk and earn mate and also I knew that volatility keeps affecting my funds value so I am already aware of those in which won't make me sell in dump.



buying low selling high is indeed the best strategy but the only thing that matter is how long we can keep and how much we can afford to sell.

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 evaluated

so what have you bring to answer the whole thread than just the title?what is in day trading that he must learn then? Risk Management? using Bot for stop loss? before bringing post in a question better to have your own advise for them to learn and at least consider following .


for newbies , best to use free tools first before depositing and risk your own money. many exchange now that giving this opportunity to learn and understand trading.

wrong , before you called yourself as investor then you must ready and knowledgeable about the market because you are only feeding the whales if that is your attitude.

Everyone who is now an experienced trader today started with small money,and they never knew they were going to be big someday,but through constant trading,they have been able to get to the height they are now.Trading is not something you rush into,because it is a very risky game,a game that has to deal with the heart and emotions.Every trader who might claim to have succeeded in trading today,might have passed through so many difficulties,which if they don't tell you you won't. Know,but through developing of new strategies and tactics,one will get through it,and certainly become successful.

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.

Yes I agree with your opinion. Whenever newbies come to a trading platform I think they should come to trading with a small balance. Newbies are most likely to lose their balance while learning to trade. That's why they should come to trading with a small amount of balance while learning.
Of course you will face losses in trading. You can never give up on seeing this loss. Remember that the market fluctuates all the time and you must take risks and hold on to those trades. Only then can success be found in the trading platform.

consider this with option mate ,trust me it is not that easy.

all of what you said is important in my own views for trading .

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.

Of course, each investor must have a good understanding, so they can invest properly. It is no problem if you are a newbie, it is okay as long as you want to learn deeply and seriously about crypto investment/trading. Make sure you know well about the market trend and the characteristic of the coins you buy, then you will do it properly. Anyway, don't buy at any time, choose the best time to buy. If it looks like a pump, just stop to buy. Wait and see first, just buy when the prices drop.

Yeah right, if you really wanted to learn, you will exceed to your limits in trying everything to succeed with your intentions
people who have this kind of mentality have a better chance in succeeding with trading.

No pain, no gain somthing that you should think about and practice, losses might be a part of this
business but you should understandthe big potential if you already master the process.

most of the time, successful traders comes from those who really losses a lot before they manage
to established themselves and become a good trader.

New investors in cryptocurrency have no idea about trends.  I am also a newbie so I can't give such good knowledge. But I can say this much that to invest he must know the market well. When the market increases and when it decreases, you have to invest keeping in mind that it is possible to make a profit by investing. Investing without understanding otherwise definitely has the potential to incur huge losses and the chances of losing money are high.

Trading is quite too risky for newbies but we never make this the hindrance to trying and learning. Of course, it was not easy as most think about it and losses are very likely to happen. No pain, No gain - that is exactly what we need to fail and commit mistakes just to know what we needed and to learn from those mistakes. if we are afraid to try, then we never expect to learn to trade as well because the truth is that we all started from being a newbie, with no experience, and less knowledge. But if we carry courage in ourselves so becoming a successful trader is not impossible.

Trading crypto is a good idea but you need to have the knowledge of trading before you can join as a newbie, so that you will not loose your capital at the end of the market. As a newbie, invest what you can afford to lose because crypto market is unpredictable to both buyers and sellers, which newbies need to carry out their personal research before trading at the moment. Buy coins when the price is low, which is the best time for traders who want to make a huge amount of money used to buy and hold to wait for the price to increase higher before they can sell to smile with their incomes.

I don't think this may work as sometimes the coin do not pump again to 10% if the market is down. Also, without using stoploss, you will be holding the bags of altcoins.

But I wanted to ask one question, since you have zero experience, why you want to jump in trades thinking you can make money.

Remember if you do not know how to drive a car and you start your driving on the highway on your very first day? What will be the result?
Similarly, if you jump in financial markets, you will lose your capital and nothing else.

Trading is not for everyone and trading is not easy that's why newbie is very complicated for trading. Mostly, newbie's mindset is that trading can make them rich quicker, they're not aware of it's risk. That's why they end up of losing money until they understand that trading is not easy, need a lot of patience, and discipline. They can also learn from their mistakes by backtesting it. In order to avoid this kind of stuff, we have to get advice from successful traders, or joining a mentorship so that you will be guided in your journey. For me, joining a mentorship is not mandatory but it's necessary. You really have to invest in knowledge in trading in order to be successful, because if I only have mentor in the first place, I would not experience liquidations of my margin.

personally ? I don't think that he is looking for pump and dump coin instead he is looking for Buying in cheap price and selling when it grows back, meaning he wanted to take the advantage of lowering project and then selling them back to circulation.

this is a good advise mate but trust me in our market now? even Bitcoin cannot be a solo investments instead better to buy with other altcoins for security and other chance of earning.

I see that point, with ngative impressions people who are planning to start working with crypto will be aware of the possible risk, they will add good protection by learning all the possible factors that may affect the market.

Better to have that impression to be open minded and not just easily be convinced of wrong ideas
with quick benefits and easy access to earn money.

Trading cryptocurrency can make you a millionaire in a minute or make you the poorest person on the surface of the earth. As a newbie, you are sure going to making loses therefore, you have to brace up for it.
As a newbie you should first make you up mind to sit down and study after you have decided whether you want to be a long-term trader or a short-term trader. Short-term traders trade more actively for a short period of time than the longer-term traders.
As a newbie be willing to learn about risk management because itself is risky and you must learn effective strategies to manage trading risks. You should also be keen on learning how to place trades and read charts.
Another of your focus should look towards what trading platform is best for you. If you can know all these, you are off to a great start.

It's true, holding on during a dump or losing streak can be tough, but it all comes down to how much you're willing to tolerate. Are you prepared to ride out the ups and downs, or will the volatility make you anxious? Only you can answer that.

One thing to keep in mind is that buying low and selling high is the goal, but there are no guarantees in the market. You have to be comfortable with the fact that there's always a risk involved. That being said, if you do your research and invest in solid projects, the chances of losing are much lower. Just remember to have a clear understanding of your own tolerance and be prepared for the possibility of losses.

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Unfortunately, negative perceptions of the crypto industry are still out there and we just can't change everyone's perspective overnight. For those who aren't particularly interested in crypto, it might be best for them to steer clear of this technology given its volatility and inherent risk. If they do choose to invest in Bitcoin or any other cryptocurrency, they're likely to experience temporary losses, especially during bearish markets. But on the bright side, the negative image of crypto keeps people grounded and aware of the potential risks. It's important to approach crypto with caution, but that's true for any investment.

[moderator's note: consecutive posts merged]

If you want to gain money rather than lose it, day trading requires ability. If you're new to day trading, you have a lot to learn.