Topic: Trading for the Inexperienced Traders - page 2. (Read 22078 times)

When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.

First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.

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).

Merry Christmas (if you celebrate) and a Happy New Year to y'all.


Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.

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.

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.

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.

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.

Patience is indeed very important in trading because you have to read articles, study the charts, the market, even watch videos and etc. Trading is not something we should be joking around because if you do, then you'll lose you money. Its normal to make mistakes and fail what is important is we learn from them and avoid it in the future.

Patience is indeed very important in trading because you have to read articles, study the charts, the market, even watch videos and etc. Trading is not something we should be joking around because if you do, then you'll lose you money. Its normal to make mistakes and fail what is important is we learn from them and avoid it in the future.

many days we didn't have profits and i used to lose in beginning i even thought this is gambling and lost hopes in trading after when i joined some groups i seen many making profits then i started learning committed to get success and now i glad that i didst quit trading 

That is why it takes patience to make it possible for profit.

Learned from my mistakes before.
Trading without patience is like just betting for the losing team always. You need to at least wait for a day or two or maybe 12 hours for a larger scale of price change.

Trading on rush will just eat up paying for transaction fees.

Absolutely! The success in trading doesn't happen overnight. It takes time, hardwork, discipline, and focus. We all started as newbies and with commitment to learn we gain knowledge and experiences. We have to embrace the reality that it's not all about happy days, but let's not lose track of our goal that will lead us towards success. It can be very challenging but it's profitable, rewarding, stay patient and positive.

Yeah every trader was someday new trader and he was not an experienced one, so with time they learnt and become experienced traders, when you get in trading try to spend more and more time for learning trading, after learning you can get in practice work because without knowledge it is not good to get involve in trading, better learn before you get in.

sure, you should study market and news to understand because of what price moved this or that direction.
regarding red and green trends - support and resistance concept may help a lot!

This is again a debatable topic. Being aggressive can be good or bad depending on the situation at hand. People rarely act docile speculating and they make mistakes but they also make money. Sometimes seizing the opportunity is important or you will be left with nothing at hand missing out on something big. Similar to what the ones who sold bitcoin during the bear market of 4k and are now crying seeing the 7+k price.

For a beginner who is careful with their money, I dont think they would be impulsive in their decisions. If they are, they should stop trading because it is not for them.

Like any other learning experience. It does need practice and patience.

It is the most difficult and the most important task for new investors and traders to find a good coin as if you take suggestions may be someone can give you wrong suggestion that can affect your future profit. Trading is huge platform you can get so many opportunities like having more knowledge and understanding the term trading will help you avoid lose being a good trader so gain knowledge as much as you can.

Not only trading is a good exchange but it's also important that a trader will need not to be aggressive with the amount at risk.

There is a high risk for inexperience traders as a beginner, they can make a lot of errors that could be costly if they risk a big amount.

Trading is a long journey, we can learn from it, so don't rush things, always have the patient and keep improving. 

Not only trading is a good exchange but it's also important that a trader will need not to be aggressive with the amount at risk.
There is a high risk for inexperience traders as a beginner, they can make a lot of errors that could be costly if they risk a big amount.
Trading is a long journey, we can learn from it, so don't rush things, always have the patient and keep improving.  

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?