I'm interest in trading and I want to know more about it. So please give me your valuable ideas and opinions. As a beginner I would like to know that Is there any special ways to do trading without losses or in a manner which minimize the losses. Not only that please tell me Is it possible to start trading with a small amount of money at the beginning.
Hope you will help me.
Thank you.
Trading is definitely a loss and never always wins. But in order to be profitable, we must minimize the risk of loss and huge victory to become a professional trader.
First, you need to have knowledge of trading, common patterns and indicators like MACD, EMA, RSI. Besides, before trading real, you should try with demo account and consider how you manage your risk well or not. Those are the basic steps to becoming a professional trader.
When you are the first time in trading, don't expect too much money or profit in your early trade because most of the time it gives a little bit extra than what you expect. Lossing of income is just a start to learn more things that you can use in the future, use your mistakes and loses as knowledge to improve your self and skils for the future. There are a lot of newbie traders that spend a lot of money in just a coin and investing and waiting for their profit. There are a lot of techniques and procedure to succeed your every trade.
I wish there's a trading technique that actually exist where you invest your money with low risk potential but sadly mate a kind of investment like that doesn't exist. Even real estate investment has its risk cause you have to take care of all the maintenance, miscellaneous fees and those clients who ghost you. In my experience if you want to invest in the crypto platform you must be prepared to take risks. Personally ive failed countless times in trading but im still learning from it so i might give it another try.
That is the most important thing in trading which is the learning. If you failed a lot of times, don't be sad or angry about it and be happy instead because that is the proof that you are trying your best in order to succeed in a profession or field that you have chosen. Just continue doing what you currently doing and take all of the lessons from the mistakes and use that as a boost to level yourself up.
One of the techniques I learned to base my experience is to wait for the right time and always look at the graph there are different patterns on the chart make sure you know how and what it is. There is a lot of tutorials you can use, make your study too just additional learning. The best technique is to ask other people who are knowledgeable about trading and also a lot of experience. You can use as an advantage to other trade that there is a guide came to your mentor.