Don't overthink, stick to your plan, you can base your plans to everything you'd ever want to, but be sure that such plan actually has the foundation to stay in track, and to do that, you'd probably need to make adjustments depending on the results of each possible movement in the market. I'd also try out what @mk4 said about virtual portfolios, it may be practice, but it can get you up to speed on what to do when trading so you can cross out experience half-way as a problem.
Other than that, just make sure that your $500 is money that can be lost, since if I were you, I'd think of that fund as good as lost already. Mostly to stop feeling any type of emotion that you would feel when losing it, but it's also to help you trade with a clear mind.
Topic: What advice will you give to a beginner trader? - page 8. (Read 1315 times)
First, don't be greedy. Always remember that there are still a lot of better trades to come, if you lost a few trades, don't be greedy to earn back your losses, wait for another for a good entry.
Also, continue to learn, don't be stagnant if you still learning or beginner. Avoid listening to other without a proper basis, like if someone told you to buy this, buy that, sell this, sell that.
Keep going! Welcome to the trading world.
Also, continue to learn, don't be stagnant if you still learning or beginner. Avoid listening to other without a proper basis, like if someone told you to buy this, buy that, sell this, sell that.
Keep going! Welcome to the trading world.
I would advise the new trader to learn more about analyzing the market, and if he wants to start trading, the better limit the money before he has good skills to use bigger money. Many new traders use too big money to buy the coin, but they don't' have good skills to analyze the good time to enter the market, and they will end up buying the coin at a high price.
But if you only want to buy and hold the coin, you need to buy at a low price to hold it for some time and sell it when the price increases. You don't have to bother with the fluctuating price, which always changes because you have a target price to sell, and you don't worry if the price is down again because you will buy more amounts.
But if you only want to buy and hold the coin, you need to buy at a low price to hold it for some time and sell it when the price increases. You don't have to bother with the fluctuating price, which always changes because you have a target price to sell, and you don't worry if the price is down again because you will buy more amounts.
Hey,
I would like to know some advice and information which will be really helpful in my trading journey. I have invested $500 for the start and I am willing to learn and invest more.
The advice I gave myself in these 2 weeks is that If any of my coin investment is going low in price, I just need to hold and wait for it to come back at the profit level.
I am sure we have traders here with vast experience.
Really excited to learn new things.
Nowadays, trading is becoming much easier than the past and you can easily access to any market you want. I suggest you should read more about stocks, cryptocurrencies, and forex. Youtube and online sources can give you a vast amount of knowledge in a short time. And as mk4 said, you should start with a virtual portfolio aka demo account first in order to understand more about trading and you wont lose any amount of your money anytime you become reckless I would like to know some advice and information which will be really helpful in my trading journey. I have invested $500 for the start and I am willing to learn and invest more.
The advice I gave myself in these 2 weeks is that If any of my coin investment is going low in price, I just need to hold and wait for it to come back at the profit level.
I am sure we have traders here with vast experience.
Really excited to learn new things.
I suggest ICmarkets. It contains many pair including forex, crypto, metals as well as common stocks. They also provide demo account
Is this providing money and trading for cryptocurrency or fiat stock stuff? I was actually looking for something like this to create a virtual portfolio to comapre my risks : profit.
You don't need to deposit any money to use their virtual portfolio feature. They pretty much give you $100,000 of play money to trade with. Obviously you won't be able to withdraw the money.
I suggest using this as you could trade as recklessly as you want just to test things out without actually risking any money. 
I'm personally not a day trader, as my trades mostly span for weeks and months, but surprisingly not that much people suggest the usage of virtual portfolios. Pretty much trading with play money. eToro[1] has this feature, you might want to try it out so you could practice daytrading without losing any money.
[1] https://www.etoro.com/
Is this providing money and trading for cryptocurrency or fiat stock stuff? I was actually looking for something like this to create a virtual portfolio to comapre my risks : profit. [1] https://www.etoro.com/
I'm personally not a day trader, as my trades mostly span for weeks and months, but surprisingly not that much people suggest the usage of virtual portfolios. Pretty much trading with play money. eToro[1] has this feature, you might want to try it out so you could practice daytrading without losing any money.
[1] https://www.etoro.com/
[1] https://www.etoro.com/
Hey,
I would like to know some advice and information which will be really helpful in my trading journey. I have invested $500 for the start and I am willing to learn and invest more.
The advice I gave myself in these 2 weeks is that If any of my coin investment is going low in price, I just need to hold and wait for it to come back at the profit level.
I am sure we have traders here with vast experience.
Really excited to learn new things.
I would like to know some advice and information which will be really helpful in my trading journey. I have invested $500 for the start and I am willing to learn and invest more.
The advice I gave myself in these 2 weeks is that If any of my coin investment is going low in price, I just need to hold and wait for it to come back at the profit level.
I am sure we have traders here with vast experience.
Really excited to learn new things.
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