Topic: Trading for the Inexperienced Traders (Read 22078 times)
for inexperienced traders I think maybe it should have a lower target than professional traders, because now if we look at many of these things it is possible for novice traders to set high targets is very difficult I think a maximum profit of 10% is very good and it is suitable for a inexperienced trader
If you engage in the same activity for a long time, then one way or another you will become practically a professional. The same situation with trade, but here you still need to gain experience and the results will increase in proportion to your experience. If you constantly receive only losses, then as a result you will lose everything that is in your life. Therefore, only getting some income from trading, you can hope for better prospects and after a while you will increase experience and increase income.
I can really understand the concern of the op.
But you can take it in good way too.
Anything that we do for the first time, lacks the best performance.
Same happens with trading too.
As time passes and we gain experience we will be good in trading also.
Just be smart enough to understand when to invest and where to.
Good luck. Hope this helps you.
But you can take it in good way too.
Anything that we do for the first time, lacks the best performance.
Same happens with trading too.
As time passes and we gain experience we will be good in trading also.
Just be smart enough to understand when to invest and where to.
Good luck. Hope this helps you.
Trading is not just about experience, it’s also about common sense and using right way. If only we manage that we will be able to succeed and benefit. I am with FreshForex, where there is whole educational setup to explain these things. It’s so important to get yourself educated instead of worrying about experience levels.
Thank you for the advice, in my opinion a lot of your words are correct, most new traders often trade every heart to get a lot of profit without having a lot of knowledge and end up losing
They should do both, a heart and knowledge, because with that, it means you are putting your love in trading and that will become your passion. That is true but such way of thinking comes with experience. At the begininig many new traders make mistakes relying strictly on analisys, graphs and numbers without using their intuition or they are just too eager for profit not having enough information and knowledge. When they find right balance then usually comes success too but that takes time.
It's true, trading is not something that is only analyzed, but must have a soul as well. Just like a singer or declamator, they always recite poems with a feeling as if their souls blend with what they say. Not far from a trader, well traders must have a flow of feelings when trading, this is not lebay but this will make the soul of the trader confident and calm.
I found this analysis by "Monfex". Active Trade Signal When Breaks R1:
- Buy at $10,200
- Stop-loss at $9,900
- Take-profit at $10,600
Active Trade Signal When Falls to S1:
- Buy at $9,300
- Stop-loss at $9,100
- Take-profit at $9,650
- Buy at $10,200
- Stop-loss at $9,900
- Take-profit at $10,600
Active Trade Signal When Falls to S1:
- Buy at $9,300
- Stop-loss at $9,100
- Take-profit at $9,650
I have already seen that under the current conditions in the cryptocurrency market it will be very difficult for a beginner. The risks of losing your funds are present even for experienced traders and therefore you need to gain experience and pay attention to how professionals work. I, in turn, retrained a little and at the same time engaged in investments, but at the same time making very short positions in the cryptocurrency market, I learn trading in practice, although daily trading is very dangerous now.
Trading or investing in the crypto market should be done in practice and without having knowledge of how the cryptocurrency market behaved you will be losing money if you invest as a newbie. It has been a difficult thing to accurately analyze the cryptocurrency market with profits for experts and therefore you should not think that you will be able to achieve that as a fresher. 
Aside from all the analysis that you have to learn ,i guess the hardest part to practice is the right attitude towards your trade
Yes its true Its hard to really be patient but it is very important ,its also hard to let go of that instinct or gut feeling but you also have to let go of that it might give you false hope about your trade.
Trading is not easy ,so many learnings to do to be able to earn but its very rewarding.
Yes its true Its hard to really be patient but it is very important ,its also hard to let go of that instinct or gut feeling but you also have to let go of that it might give you false hope about your trade.
Trading is not easy ,so many learnings to do to be able to earn but its very rewarding.
Newbies in trading very quickly understand how costing a short position is when you obviously don’t give skills in trading. On the one hand, this is good, as if you are spending some of your money on your own training, on the other hand, these mistakes have already been committed by thousands of people like you, and you can avoid them.
Thank you for the advice, in my opinion a lot of your words are correct, most new traders often trade every heart to get a lot of profit without having a lot of knowledge and end up losing
They should do both, a heart and knowledge, because with that, it means you are putting your love in trading and that will become your passion. That is true but such way of thinking comes with experience. At the begininig many new traders make mistakes relying strictly on analisys, graphs and numbers without using their intuition or they are just too eager for profit not having enough information and knowledge. When they find right balance then usually comes success too but that takes time.
They should do both, a heart and knowledge, because with that, it means you are putting your love in trading and that will become your passion.
But I wont advice anybody to put their heart in it because if you tend to put in emotions then you will make a mistake. Being passionate about something is much different from being a cold hearted trader. The second is what every trader should assume to be although its the most impossible thing to do. Passion comes in work and trading would definitely not be a work for anybody. Talk about day-traders yes, it might seem its a job for them but let me tell you something : day traders get the majority of their cash from running "private groups" which need memberships for pump and dump signals. They are also scam signals but also need to money to get entry to the group. Thats how they earn.
You do not believe me, but I do not analyze the market, but just carefully selected cryptocurrencies with real activity, an experienced team and put orders with a profit of 20-30% and this strategy has been working for more than six months
Thank you for the advice, in my opinion a lot of your words are correct, most new traders often trade every heart to get a lot of profit without having a lot of knowledge and end up losing
They should do both, a heart and knowledge, because with that, it means you are putting your love in trading and that will become your passion. for me to get little profit is doing arbitrage , its was easy but really need care about transaction traffic only
I don't think considering the volume of transactions is the most necessary thing. For me, the most necessary thing to see is the interaction of the members in the group. It is really something to consider. I have seen a project listed on Binance and Huobi Global, but the community rarely discusses the project. Insolar is really a good project but they cannot show people their potential. Its value is still very low. The reason is because they cannot exploit the community's resources.
for me to get little profit is doing arbitrage , its was easy but really need care about transaction traffic only
Thank you for the advice, in my opinion a lot of your words are correct, most new traders often trade every heart to get a lot of profit without having a lot of knowledge and end up losing
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Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).
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I think just because you're not a pro then it's not good to trade every day, is it more practice and training will make you more skilled? in my opinion it is not the frequency of the trade that you should reduce, but managing capital properly in accordance with your skills and experience thats the right thing Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).
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I have already seen that under the current conditions in the cryptocurrency market it will be very difficult for a beginner. The risks of losing your funds are present even for experienced traders and therefore you need to gain experience and pay attention to how professionals work. I, in turn, retrained a little and at the same time engaged in investments, but at the same time making very short positions in the cryptocurrency market, I learn trading in practice, although daily trading is very dangerous now.
For newbies its hard to start trading if they don't have any experience for it. For me i start trading i just make some research to reach those need to trade some altcoins.
Only need time if you keep what you do. Because more we do trade activity, and then we can analyze it by ourself. After we can get what we need to do trading. Even emotion control will easy to handle.As to know exactly in trading will certainly be a big struggle for beginners and but it could be worthy enough if success will be ours in the future
I agree. It is not necessary to study technical analysis in order to trade successfully. It is enough to be able to see the mood of the market and adjust to it in your favor.
There are two ways to trade the markets technical analysis and fundamental analysis, if you are not going to use technical analysis because you do not like it or think it does not work then that is fine but you need to use at least one of those ways to trade, trading with the flow and just based on instincts is the fast way of losing all you money, we have seen this time and time again and yet it seems some people just want to ignore the realities of the market and keep trading with no knowledge and yet make money.And this is not possible since you are competing directly against people that have spent years or even decades studying the markets and will have no problem taking your money away from you.
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