When you start trading, it can feel kinda overwhelming trying to stay on top of everything going on in the market and figure out what moves to make. It's easy for beginner traders to mess up and lose money if they don't know what they're doing. Thats why it makes sense to practice first with a demo account so you can learn the ropes without worrying about losing your hard-earned cash.
Demo accounts let you try out different trading strategies and get used to the platform you'll be using, but without any real money at stake. It's like a practice run so you can gain some experience under your belt before diving into actual trading. Going this route helps you avoid costly mistakes down the line when you transition over to trading real money and once you feel like you got the hang of things and are trading profitably on a consistent basis in your demo, then you can feel confident about moving forward for real.
Topic: What is your advised for being a trader? - page 9. (Read 1434 times)
Trading without prior knowledge on trading will most likely end up gambling.
Seems like you entered a battlefield where you don't have a weapon, it's a suicide mission.Here's my advice.
- Be knowledgeable
- Don't be greedy
- Use always a stop-loss
- Stick to the plan
Trading isn't always aiming to gain profit, sometimes you accept losses for you to learn such mistakes.
Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds.
With the latter, it is certainly going to make you lose a lot of money in split seconds when you're going to do a futures trade. That's why you need to be aware of being liquidated in just a few seconds when you are into it and that's why it's so much better not to go for it.So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
I follow what I've learned and what I am applying when I trade. All of those that you've mentioned and combining all of them is going to make my life easier. That's why in trading, it's not all about how long you've been trading and how much capital that you have although in the long run it is going to make a huge difference if it's about the capital. You will get to understand that you need to keep that much capital for you to have that potential bigger return. It really plays a big role but when you start, you've already quoted what majority is going to tell a newbie trader and that is to learn and start small until you have some strategies already that you have understood that can make you win trades.
Trading without prior knowledge on trading will most likely end up gambling. Once you enter trading and risk your funds, at least you should have gained reliable experiences in trading that will minimize your losses since you know already how to back up your trades when there are difficulties that appear instantly while trading. Trading is a battle of mind and skills, if you think you don’t have what it takes to be a responsible trader, then I suggest just settle on long term hodling than risking all your funds trading without certainty.
There are inevitable losses in trading so if you open a trade without good preparation, then the more that you’ll be susceptible to losses and failures. My advice is acquire knowledge first and gain experience trading in the market through using demo account. Beginners often lose while trading so it would be more suitable to trade in demo account first before you take risk using your real account in live trading.
Trading will only result in consistent losses if you know you don’t have confidence to trade because you’re still incapable to trade. But if you have good experiences in the market, then there’s nothing to worry about because you’ll eventually surpass your difficulties in trading.
Trading will only result in consistent losses if you know you don’t have confidence to trade because you’re still incapable to trade. But if you have good experiences in the market, then there’s nothing to worry about because you’ll eventually surpass your difficulties in trading.
Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
You seem to be getting that phrase wrong, when people tell newbies traders to use a small amount of money to learn, they do not mean to just do that and try to figure out everything from scratch, what they mean is that once you have read several books about it and you have a tested strategy that you know it works, that is when you can begin to trade with a small amount of money, and this is because no matter how effective was your training with those books, you are still a newbie and you will make mistakes, but those mistakes have to be made so you can learn what it cannot be learned any other way and you can become a good and profitable trader. 
Hmm, I'll keep it simple and easy for you OP, I just would like to advice that it will be a tonic for your risk management, emotion management, and trade management whatever aspect you observe it will definitely work as a tonic. Be disciplined that's all.
One additional thing is to be confident choose one of them, and be a number trader or psychological trader. Whenever you try to mix them both while trading in your initial times you'll face bad consequences.
One additional thing is to be confident choose one of them, and be a number trader or psychological trader. Whenever you try to mix them both while trading in your initial times you'll face bad consequences.
Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds.
Anywhere there is money involved, there is always risk attached to it, so it’s not only trading, if you are planning to make money from trading, then you should be ready to take risk, but when taking risk, make sure you don’t take risk that’s beyond your limit, and when trading, you shouldn’t do that with all the amount you are having, because you can easily lose your money. Always trade with the amount you can afford to lose, in case if things go wrong, it’s not really going to affect you.So it isn't recommend to trade if you don't know anything.
Why will you even start something you don’t know anything about? Then you are just trying to waste money, because the chances of you losing money are just kind of high. So before you start trading, always make sure you understand basic things about trading, and as a beginner, it’s advisable to trade with a small amount of money. The more you keep on understanding trading, the more you can keep on increasing your money. 
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Trading is definitely a gamble. Like you said, in just seconds you might make bank or lose everything you put in. I would not tell someone to start trading if they didnt really know what they were doing or had done it much before.
That said, trying it out with a little bit of money while you learn could work. That way you pick up the skills without huge risks and personally, I needed a few years before I felt comfortable diving in full force. Of course everyone goes at their own pace when getting the hang of this stuff.
In the end proceed with caution. Dip your toes in first and see how it feels before cannon-balling into the deep end. You dont wanna find out too late that you sunk more than you can afford.
Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
Prepare yourself; trading is not an easy thing. If a weak-hearted person is trading, he or she will not survive. A trader should always be ready to lose money and, of course, have the mindset of recovering it next time he trades. Don't chase losses; it could be ugly if you keep on aiming to earn quickly. The most important thing is "knowledge." Even if you are already earning, trading is a very unpredictable thing, so the movement of the market is undefined. There will always be a new pattern, so your mind should always be ready for adoption, and you should be ready to learn new things in order to earn money next time you trade. Remember, even an experienced trader still faces losses, and so do you. There is no perfect trade in trading, so you should build your own. Trading will never be easy, and if it is, maybe you will attain a state wherein you can trade efficiently and profitably, but there's a long way to that. 
Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
first I will look at positive news, if I have small money I will choose to trade with popular coins such as bitcoin, eth, and others, not like you said I will lose all my funds in a matter of seconds, it is very impossible in my opinion, unless you trade with the token that has just been launched, memetoken will be very possible, condition your finances first, if you are ready to lose or double your money in an instant, meme token is the best solution
Trading is kind of risky thing where you can generate money and you also can lost the whole fund within few seconds. So it isn't recommend to trade if you don't know anything. But I don't support the idea "Doing trades with small fund and keep learning". Cause thus i made loss continuesly. i know a traders need to know technical, fandmental analysis, need to check news and many more. So What things do you follow and advice before open a trade?
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