Bitcoin Forum

Experience has shown that: Trading forex is very risky and most times inexperienced traders jump into trade with they hard earned money without thinking of what they going into. Please advice inexperienced trader here.!!!!!

You want advice, It is hard understanding your english, but here you go.
Well let me start of by saying that if you are extremely inexperienced(Of which you say you are), your best bet would be to not start trading. Easy as that.
Instead, Start googling how it exactly works, how the system works, and read about it. For example this site,
ThinkForex (http://www.thinkforex.com/education/trading-guides) It has alot of useful information and tips and tricks.

Further down the road i'd say start with low amounts or demo accounts.
Don't be greedy, and have a goal, and stop if that is reached.

Too hard to understand your sentences, But The forex was risky comparing with the Alt trading or bitcoin. Just need a second for the price was going down for a lot.  It is very sensitive.

I may think for a stay away from there.
I jump on the best place which can produce a lot of profit for me. You was talking about forex and not related to crypto trading.

Um, yeah.  It is a well-known fact that people who fly into things Leeroy Jenkins-style tend to get their asses handed to them.  A lot of people try to do day trading (stocks, cryptocurrency, forex, whatever), and they haven't a clue what they're doing.  Those are the people who get fleeced, because the markets are like mother nature and the honey badger.  They just don't give a fuck about you.

Trading in forex and trading on bitcoin/altcoin is really different even though they are the same on trading field but the difficulty is different and i could say forex is too far away because of too volatile price of currencies and commodities thats why most beginners will surely blown up their accounts on a short period of time thats why better to made some demo accounts before going to live.

there are a lot of tools that helps on predicting on forest. Only careless newbies will just jump to forex on trading with zero knowledge. When i'm newbie on forex, I do a lot of research before start trading with my own money especially my salary. I think wisely and carefully before dealing with it because i know the risk of losing. i think no one or few people will just trade careless especially when it is involved hard earned money.  ;)


I advised to do more homework before trading or it is better to avoid it if you really have no idea.

As an individual you must be sensible enough to yourself and minding to learn up the most important things first before engaging into forex because its not really an easy thing and its not for everyone.Technical and Emotions will really plays off when you are doing forex trading.We cant actually give advices because we could able to realize it when we experience loss on our trade.

You must have enough knowledge before entering either bitcoin/altcoin trade or even forex because for sure if you have good information and enough knowledge your judgement will favored you in anyhow.

by reading all these websites (resources) you can only gain "information" not experience and trading is all about experience not information. all those knowledge can help you learn a lot of good and useful stuff but in the end that is never going to make you any money unless you start watching the market and do lots of dummy trades first.

i agree that trading forex is very risky and for me which is inexperienced traders will not do this because its mean i am make risk with my money in something that i don't know anything and its give potential big loss for me. so i will stay away from trading forex but if i am learn something with trading forex, maybe i will trying to trade forex.

The problem is people get greedy when they see they could earn big profits by trading and they try to enter in those markets without realizing most traders without experience and knowledge are going to lose everything they have.

all related to money certainly have their own risk especially trading because these thing is very risky if you have no knowledge to do so and learn from basic is good but to minimize the risk and adding the experience you can start trading with low amount even though the profit will low too but if you were lost you only risking small money so you won't experience huge lost

As some experted traders and many wise man said, Use the money for trading only if you can afford when you're losing. using hard earned money is definitely not wise at all whilst the person still need to fulfill their monthly needs with the money and expecting a profit from things which is uncertain
only counting on luck will not help you because luckyness rarely come

We cannot take out the real fact that losing from trades are given to us on the first try of doing it, and we surely need that in some instance in order to learn new things on trading ecosystem, and also we cannot force people to stop risking their money since its their decision to spend it and try new things that they can see where they can earn some profits, losing money might be helpfull at first and it can be called also as experimental trading/betting and etc.

Fails and losses are really normal since we are just starting and those are just stepping guides which we could able to learn from our past mistakes and in the next time we will engage we would actually avoid those things again and everyday you will learn up new things and thats the time on where your experience would build ep even more together with your knowledge.

before you join any trading, whether it is forex or crypto currencies trading, the trader need to know that earning from trading is not that easy, you can even lose all of your money in one small mistake, and trading is a high risk thing, so you need to prepare to lose your money, before you start to trade you need to know the basic, what is the factor that can cause the price to go down and go up and trading need a lot of patience and knowledge, you need to learn a lot before you become a professional trader

You are correct here,it is greed that drive people to dive in trading even without concrete knowledge about it.All they wanted was a big profit,they focus on how to double even triple or more with their money without realizing also that they could lose it.

Trading like gambling is also risky.Just learn the trading by actually trading in small amounts, this is what I always said. Experience in actual trading gives us more confident and when you lose, its not a big amount. 

The only way to get better in trading forex is to get experience. There are trading platforms that let you use dummy account and do practice trading without spending money. You can practice there and develop a system that is profitable. Once you are comfortable in practice trading, then you can move to live trading using real money. Just remember that you have to trade only the money that you can afford to lose. And remember too that even professional traders lose sometimes. So do not be disappointed or lose heart if you lose some times. You can always go back to practice trading if you feel you need it.

It is why i have programmed a risk free system where you can not lose but only earn.

There is a wealth of knowledge should potential forex traders actually want to learn something before investing. By good deed for the day is referring you to babypips.com it is where dreams are made. Good luck.

you can also get forex signals from a good trader see my signature. I am hoping to learn it soon

You are right, there are many promotions and free lessons which promise you that with 500$ or more higher amount or money you can start trading and earn thousands everyday and that's absolutely wrong. Similar promotions makes people to turn in wrong way. Medal has two side and while you can earn something, there is always risks of loosing.

If you are just concentrating on forex and not on bitcoin then answer is yes, it is not easy and without understanding the forex market and currencies you should not invest or for that matter any instrument which you do not understand in financial world one should never invest it. Same goes with even bitcoin world.

Trading is a high risk high rewards business, so if you won't try to educate yourself first in the basics or the do's and don'ts of trading and just jump in and make trades then you're in for trouble and bound to lose all your money, so my advice is if you really want to be a trader, be a learner first.

its really good point that if someone have do not knowledge then they will get risk in trading because trading have too much less risk if you have good knowledge and experience about trading and i think these think is the main point of trading if someone want to become a good trader you should much focus on these point.

Patience
Don't be greedy
Control your emotions
Risk management

=

winner

You know dude, the first I noticed to your questioned like everybody said here I get a headache to your sentences, but still there is few words that I can comprehend anyhow, it is true that in forex trading is really risky to play in that platform, and most of them in the long they became greedy which are the player in foex, so my advice to you don't try to do it unless you have a lot of money,

You have no right, because forex has enormous difficulty level and it must be done in a way that is extraordinary. If we cannot do well trading then can we get is just a defeat and it is very detrimental for those who rely on funds they use for trading. so, better trade in things that have a pretty low level of risk that is bitcoin or altcoin others such as eth and also more

I agree with you, trading is very risky. In order for you to earn well in forex trading,
you must learn these things, money management, control your emotions, and know your limitations. Trading forex is
a learning process, and also your ready to lose what you can afford.
However, the important is lets educate ourselves in this kind of trading for us to earn profit.

I think your experience about investment
and can share about you can rich in result investment

so you only want advice about forex trading
forex trading is very high risk you can lost all your money if your trading in margin call

if newbie is good bitcoin trading, because low risk and can high return

Experience is much required for the forex trading, but to be successful learning through different market strategies and the capital plays the role. Importantly starting with small investment makes a better base than huge amounts initially.

If you have bad experience in forex then you should try to avail some service from experts. And they can advice you to have some decent profit but not guaranteed, of course for those inexperienced traders they will going to have the hardest time for their first trades with forex. Because this is not just a simple gambling, but this is a career. You can try to avail his service: https://bitcointalk.org/index.php?topic=1664883.0


EDIT:

This is the guy whom I referring.

Well known fact is trading is always risky, but many people are keep trying and trying to make money through trading because trading will give more profit when compared to day job. So only people are trying many times in trading to make huge money and people are failing. They need to learn many thing before doing trading but can't help every trader will loose some money in trading.

It is really pain full when we loose hard earned money. But it is key point for the trading success.

In my assessment in regardless to your question, if you don't have any background experience on Forex trading, my suggestion to you is never continue neither to try it only. You must ask anyone about this matter for you to avoid failure in trading.

okay... by the way, what is forex??

I have seen that many forex trading websites have a demo platform where new traders are encourage to start there and learn new things by trading "virtually" and not with their real money, so they make an experience, learn from mistakes and then they should join the real forex trading because yeah it is very risky.

This is true, inexperience traders jump into without having
learned some techniques. They get even lose hard earned
money without thinking first that tends to lose more.
So, its best to read/ learn some good points in trading.

I wish those demo accounts from bitcoin exchanges so that we can practice bitcoin trading more effectively. I just wonder why (as far as I know) no exchanges are showing interest to provide traders such facilities. In my initial trading days, I did trades in papers and those drills were really helpful to mould myself into trading.

If you are a newbie to this and just have a small amount of money to play then please don't. Learn the things. Learn the system. Try to earn passively for some time while learning the system of forex or trading. But I would suggest never invest anything which you do not afford to loose. Never be greedy, stick to your target and be happy with whatever profit you make. :)

+ Don't start with real money, first practice with demo balance
+ Learn about few terminologies used in trading and try to start learning trading chart/candles
+ Don't sell being panic when there is small price correction (dump)
+ Don't buy with greed when price is pumping hard
+ Don't trade any altcoin that have really low volume most of the time.
+ Don't invest all you have in one altcoin or one ICO.

NOTE: I am not elite trader and i am still learning trading.

I think my sentence has also affect your  spelling. If you want to make comments because of amount get through signature campaign stop insulting others please.

For me it's like gambling, nothing offering possibilities to double your money daily could be safe. I see many people going through this thinking the money is 100% sure just because they saw some sites telling it and some people giving "golden" hints on facebook to make fortune fast.

Using a demo account can give you some knowledge about it, but you will see that the strategies won't work as you predicted.

Well, forex trading does have a huge risk, especially if you use a very large capital. if you're one of analyzing the price, it is clear that loss will you get, whether it be small or large. Well, to start trading, use 10-30% of the revenue that you get, because if you use all of them, then it will be very dangerous. I also have experienced losses in trading. but, I feel that it is a natural thing, because it is a risk to earn money in a short time.

I think almost everybody knows that in any type of trading whether forex or not, it would really be risky for inexperienced newcomers especially if you are not investing time and effort to learn more on the platform you might be interested with. Education and experience are two great keys when it comes to trading.

It is often being discussed here like 'is trading similar to gambling', but I do think that is the talk of traders who are going for trading only with luck. A skilled a trader will never say that. Still I agree nothing could be safer to double our capital.

If we are concerning about knowledge and experience for trading, then we need to agree it is completely different from gambling. To develop and to innovate strategies demo accounts are best resources.

I totally agree with that, although there are platforms like eToro where newbies can copy

the best traders.Forex is very risky,if you don`t have enough knowledge about the market and trading.

"copy the best traders" that is the start of a big fail because first of all you can never find out what others are "really" doing and all the things that you can find online and you may think are golden, they are in fact a hidden scheme by the posters of those things to make themselves richer not help others.

I agree 200%:
Never copy other traders...because it is perhaps too late.
Do nor analyse a trader but the market.
A good trader trade like the market but before it.
It's not easy but it is the best way to make profit.

Good traders understand me...because they trade so.

When I hear here buy low sell high...I just laugh.
It is the same advice than:take an umbrella if it rains...
it rails...the sun can shine very after...
or
the sun shines...it can suddently rain.

Agree!! Why following them while we can make it by our own, and surely if we follow them the only thing well be left to us is their dirt since some of the coins might be dead after they dump it and for that instance we surely lose our money if we didnt see the flows carefully. Thats why ite trully recommended to study at our own and became a pro by ourselves so we can familiarize every aspect on trades.

Aside from you have a knowledge about it, be observant in the commentator member in the forum thread for you to learn more something about investing in bitcoin.