Bitcoin Forum

As newbies there are lots of things we need to know and work along with. As a newbie, it is expected that one must realize that trading comes with significant risk which can lead to loss of income or finance. Therefore in order not to loss money, it is important to know the risk in trading and how to avoid being prey to losing funds.
We can be on a safe side if we observe and follow these tips when trading:

- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.

- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.

- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.

- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck

- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.

- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.

It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.

How about not trading at all as a newbie.

Trading has been marketed as a way to make income remotely with a few success stories used as motivation for others, but those who lose from it far exceed those who make a net profit. If you've never had an interest in trading markets and trading currencies do not jump into it simply cause you have a laptop and can consume information about how to analyze charts.

Look for less risky means of earning that are available and follow proper investment guidelines

You aren't missing any point, but just as @ Upgrade00 has said, newbies should avoid trading totally. Trading as we know is risky and without proper knowledge or someone like an expert to guide you through your early journey, you might end up making so much loss that will make you hate trading totally. It's not that newbies can't trade or something, but as a newbie you must know about all the risk that follows. Don't rush into trading because of how much you Heard from other that they profited from trading. They won't tell you about their losses, it just a way to make things look better to you until you get your hands into it.

Can you elaborate on this? Do you have any personal experience of this? I mean I want to know how emotions can impact trading? And how do you control your emotions when trading?

One approach I adopted as a newbie is to stay away from trading at all means because i already know that the risk in trading is equivalent to the risk in gambling, and most of those that ever make profits from trading also recorded alot of loses that could possibly outweigh the profits amount.


Although the only thing they Consol themselves with is that, they have gained trading experience and skills, which could help them make better trading decisions, since they have afford to pay the sacrifice to build such skills.

OP you outlined a lot of methods to follow as a trader, which if followed religiously, it will reduce loses for traders. But for a newbie, it is advisable you build your knowledge around how the market works before you even start live trading, you can demo trade or practice trade for a while till you master a certain trading pattern, because trading is not for newbies. A new should basically be learning, because a newbie can actually blow his account if his not familiar with the volatility of the market.
I've heard a lot of stories of people not succeeding with their trading activities and they stop. The truth is that, trading has to do with training and restraining of various approach on how to navigate the market. So it needs time, and that is what a newbie needs most.

As a newbie, it's advisable to have adequate knowledge of trading and to master your strategies before thinking about trading. With this process, you are no longer a newbie before you start. Yes, because before you can finish preparing your analysis, you have grown above Newbie. 

Trading's a market; henceforth, there's lots to buy and lots to sell. Even in our daily market, it's an advantage to ask questions or make special requests about the business just before you can start. The base knowledge is necessary as to the business itself to avoid prime losses.
As a newbie, I believe you should have no business with jumping today trading unless you have a good mentor in it.

Don't be greedy in the pursuit of acquiring income; it's a process, and when you skip these steps, you're already falling. The success of trading is not equal to the losses, but most traders have backups, which you, as a newbie, might not have.
 

The word emotion can be seen as an internal state of being, an unintentional (involuntary) reaction of a human towards something or a situation.
In course of trading emotions like fear, greed, overconfidence, etc can affect you either in losing or making profit. The fear of losing your assets or something else can lead you to make bad decisions in trade, also the desire of wanting more than deserved (being greedy) can also result badly at the same time being overconfident (being extremely certain) may also turn out bad but sometimes good due to luck.

Controlling your emotions when trading starts from you, that is why you need to be ready first before going into trading. Even when trained at a point you make fall prey because emotions are unintentional, they are done even before we know it but it can be minimize if worked on.

You have highlighted key points but there is one thing you need to know, there is no trading without loss. So I agree with other members that you should stay away from trading as a newbie.

One thing I will emphasize on is the borrowing of funds to trade. A newbie shouldn’t even have a second thought about this because even experienced traders are advised to stay away from borrowing funds because it affects once emotion.

Avoiding leverage trading is another point that newbies new to know. Almost all future traders today use leverage but I will tell you that without proper risk management study the easiest way to loss and also get liquidated is through leverage


I think emotion can best be controlled by using the amount of funds you can afford to lose, this will make you comfortable to make decisions better. Another way of controlling emotions is not to do revenge trading. Revenge trading is when you enter a new trade immediately after a loss just to get your funds back. This easily affects your emotions not to get a better set up for the trade

Statistical research shows that most retail traders lose their money when they trade, this research was done in markets like stocks and comoodities. I would safely assume that it's even worse in crypto because there's no regulations and lots and lots of scams. But this also means that "investing" in crypto is not safe either. Some people think that if they put they money in a coin that seems like it has good potential and wait a few years, they will be in profit. But what most likely happens is that the coin will be abandoned in a few years and its value will be close to zero. So stick with Bitcoin and don't be greedy.

For now I don't think that we equally have a beginners who venture into cryptocurrency investment and they also threading of Bitcoin without making a proper research to know more of Bitcoin before the venture into it because many persons is into cryptocurrency and they know quite well the risk that is involved into cryptocurrency investment also trading investment so the risk is online and many people can take adequate precaution so that they will be involved in downfall of cryptocurrency investment or neither trading.

Newbie in rank or newbie in trading?
There are differences between the two because some newbies in rank have been in the market for quite some time, they are just reading but not registered in the forum. Newbies in trading, even if they have high rank but are not yet engaged in trading still called newbies.

However, in general, learning about trading first required rather than trading first before learning. The most common mistake that traders make is that they jump into trading without the capabilities to do it which is why they end up disappointed and losing their money.

And the only thing for a newbie to know the risks in trading is by experiencing it themselves.
Sure, you can learn from the experience from other traders out there but experiencing it yourself is simply better because you can make adjustments off of it - that if you really want to become a trader.

Well, we all started as newbies in everything and that includes trading. If you really want to become a trader, you need to understand everything including the risks involved. From there, you will decide if you really want to pursue it or not. The risk tolerance of people differs. There might be some that see trading as a very risky one therefore, they will not try to do it but there are some who are willing to sacrifice a portion of their funds just to have an experience on trading.

Overall, I don't recommend trading especially if you're a newbie, but if you are ready to lose some of your money for a little bit of experience then you can try it. I mean you will not learn if you will not try, right? :D

Not trading at all as Newbie, that means we may likely not have traders at all.
The mistake most newbies makes, they always think trading is easy and they can start trading immediately and starts earning from it. If newbies takes learning as a priority  and not having the mentality of making money so quick from it their won't be so much loss in trading. Trading is very risky and it is very easy for newbies to loss especially when they have no knowledge about it. Irrespective of how trading may be difficult  if the right step is taking, their will be better result compare to Newbie that have no knowledge about trading. The first step of a newbie is to learn and not to go into trading first to earn money if not their will much loss.

There is an unwritten rule that trading is 20% skill and 80% psychology. What this means is that irrespective of how much technical skill you have as a trader, if you don't have a proper psychology, you will not succeed. Let me give you a simple example, most traders make money in paper trading by this I mean demo trading but the moment they go live which is trade with real money, they begin to experience losses as if the market is against them. This is purely a psychology thing.  With the paper trading, there is no fear of losing the money, trades are executed freely and the judgement is not impeded by greed, this is how real money is made unlike the real account that is traded with fear and greed.

My response does not in any way mean that I encourage newbies to go into trading rather they can focus more in buying and holding Bitcoin. This is more peaceful and reliable. Most of us still regret why we never held the amount of Bitcoin that passed through our wallets, which were traded and wasted in ways we cannot account for; we learnt the hard way but then, it is the process.

Couldn’t agree more. As a newbie, learn not to take risk in trading because obviously that will only turn into a loss. But rather, invest and hold, aside that it’s less risky, the experience and skills are not actually a big deal as long as you know the basics in buying and hodling safely your coins. However, continue to study trading and learn from the experiences from those successful traders. You will make use of it when you decide to trade in the future.

A new trader needs to be very careful while trading because if he has no experience in trading he may face various losses in the beginning and if he does not select the right coin he may face maximum losses while trading. That's why a trader has to take care of various ancillary issues of trading, he has to trade in the right market, trade on the right coin, can't be overly greedy, must have the ability to control emotions. Moreover, there are many other things that a newbie should not go into trading without mastering.

Trading will never have only positive results; more often, it will be the other way around. And until you calmly respond to your mistakes and formulate your own strategy, you may be impulsive, making stupid moves. Prepare yourself for some losses; without them, there is no experience and no work on mistakes. However, even your developed strategies often work in vain, so the importance of self-control often works for a trader’s success.

Knowing about what trading is,is not just for Newbies,it is for Everybody, because I believe as long we still fall victim of lose,we should still go back to try to learn more about trading.And as for Newbies who literally know nothing about it,they have to be frequent in the trading board and be very active in the discussions there,by so doing,they will know the different strategise which one can use in trading and it will work.They say experience is the best teacher,he who is informed,and knows what to do as in regards to trading,will always be on the winning side.

That's right: buy low and sell high ::) you can't lose that way.

If you find an infallible way to time the market be so gentle to tell us, because predicting short-term fluctuations is like gambling IMO. Better advice would've been hodling long-term, but even that doesn't guarantee you success as the future is uncertain.

Maybe you could also explain what kind of information is sufficient and accurate. it will be more helpful for beginners in starting their trading.
We must distinguish accurate information from signals.

traders who tend to be greedy means they have not been able to plan their trading.

not only beginners, but all traders should avoid it. borrowing to trade is more likely to be like gambling. you have the pressure of the money you use and you are required to make a profit. If your situation is a loss, then the risk is double.

If all the newbies stay away from trading, then we will no longer be able to see traders in the future, so instead of giving advice to these newbies to stop dealing with trading, it is better for us to be able to give them a few tips and tricks so that they understand more about trading. It is true that trading is quite risky because one can lose their money, but everything in this world has risks, and it is our choice whether to take that risk or not. So there's no harm in getting involved in trading, but of course it all requires preparation, a newbie can learn what instruments they want to choose, what is the best strategy, how to stop-loss, determine entry-exit, etc. - if this is done I think that their potential losses in trading will be minimized.

If you're a newbie and cant afford to take risk, then don't trade, go for learning first and make use of that opportunity in acquiring the required knowledge needed for someone to start a trade, trading is meant for those who can be able to adapt a market change and its corresponding challenges, because we do lose on trades, sometimes we also make profits as the situation may be within the kind of trade we are going for.

Why should a newbie who is new into crypto go for trading instead of investing. It is a norm that traders are bound to run at loss even as professionals, when they make a little mistake in their decisions when trading. Trading is very risky and should not be seen as something anyone can make money from easily.

Any newbie that wants to trade should first invest into bitcoin while he continue learning how to trade. It is good that as a trader, you use only the amount of funds that you can afford to lose, so that you can gain knowledge amd experience in the market, because trading is not a guarantee of making profit. In fact the guarantee is running at loss is very high compared to making profits.

BTC
The real guarantee of profit when investing in crypto is patient and long-term. However, this is the most difficult to wait and on average everyone wants to quickly get a profit even though they spend 70 days trading and see where the market is going. For risk, I think everyone understands, whether new arrivals or old arrivals, they can also lose rather than win, but the dominance is prioritized so far, if we look at it.

Newbies need to start with things that are less risky but safer and more easily to control.

With this principle, let's see trading and investment. I am sure investment is less risky, safer than trading and it's my recommendation for newbies. Trading is risky and it's not for newbies in this volatile market. High risk high return will be saying newbies hear a lot but if they follow this, go with trading, their endings will mainly losses, not profit and their capital will vanish with time.

After a long time, I am reading such posts as before many newbies used to make such posts with no good points in them, I don't mean to go hard on you dear OP, it's just the points you have mentioned are so obvious that everyone knows them. Everyone knows in order to make a profit they have to buy low and sell high. The mean when to buy and when to sell points are out of context or are not explained well here. Although the tip of not being greedy is a good one.

Because many newbies become greedy, i.e if they made some profit by luck or the market was bullish on that day, and as they traded more and more, the market changed its behavior but you as a newbie did not get it, and become more greedy make more profit and end up losing it all that you have made till now. It's quite hard to realize the volatility of the market, as there are fewer tools that newbies know of when they start and they are unable to realize the volatility, although, even experts can't predict the level of volatility and end up losing it all. The points you have aforementioned are the ones that are the characteristics of a experienced trader so I don't think we should expect the same from newbies as for newbies it might be hard to adopt these.

And before newbie should even think of start trading he or she should know the proper steps to follow before even consider trading not that trading is that hard you just need to be consistent in trading when you know all the steps to take. You will find trading interesting even if the profit have not started coming. Just because of that interest you have. They whole thing will be driven buy how interested you are and how hungry you to learn. A lot of people are not really ready to learn all they are after is the profit and you must learn before that profit.

Aside the profits you have to prepare your self emotionally, because the market is always not stable and we all know that analysis can fail. And if things are nothing going as planned then we are going to be have problems because the trader will easily get discouraged, it’s better to be prepared emotionally before trading.

Being a newbie has been experienced by many people here. And as a result, there are those who really continue, are consistent and become professionals, but there are also many who fail and no longer believe in trading or doing business in crypto. This will depend on each effort and the method carried out by the newbie. Moreover, their basics will also influence the results, do they only have the basics without knowledge and rely on following other people, or are they competent enough to learn first in order to prepare their trading skills?

Even though it is not optimal and not that good, at least having good initial knowledge will later build their competence further, by learning by doing, evaluating in stages and continuously, as well as risk management from the start which can also be built on financial management and emotional maturity. . This is quite complex, yes because crypto trading is also a complex thing. so you really have to be prepared.

There is so much money to be made from trading, I get it, that's why many newbies rush into trading, but honestly, trading is not for crypto beginners, many beginners lack the funds to invest and trading is best for someone who makes daily income somehow because they will be able to use a small percentage of their earnings to practice trading.

It is going to be a long way journey to know trading, which is why I can't recommend it to everyone, it is better for Newbies who have money to invest in Bitcoin and while they are holding the Bitcoin they can start learning trading and other things too, investment is easier than trading.

If you end up knowing how to trade you will make good amount of money in a short period of time, and there is no such thing as day trading in my book, some do this but mehn, it is way too stressful, and you will also make less money, the best traders trade only when there is confirmation in the charts and they long or short using the stop loss feature.

All these can't be rushed as a beginner, you need a lot of time to learn it all.

Yep. It will be less risky as long as newbies use small funds.

Both investment and trading can be less risky if newbies know how to minimize the risk. One of the ways is to use small funds and choose recommended coins. However, before starting trading or investing, newbies must understand the basic things at least. So, they can do trading or investing in a proper way.

Investment can be riskier if newbies choose random coins and use big funds. There is no term of safe thing in crypto. Each coin is volatile, even stablecoins also fluctuate. How to make it safer, it purely depends on how we do it. We must understand how to deal with the volatility, scams, and the unpredictable market condition.

Both trading and investing are risky. If trading isn't for newbies, how newbies can start trading? I think it is no problem to start trading although we are still newbies. But we must ensure that we learn and understand the basic things about trading firstly. The key point is to have sufficient knowledge first before starting trading.  ;)

IMHO, it boils down to this importance factor for all traders, the emotions that we have. Yes, that simply it is when we trade and it doesn't matter even if you are a profitable trader but you are letting your emotions put you down and you're not remembering the plan that you have started and just go with it until you're finally done and profitable. There are good traders that are turned down by their own emotions and even their profits are also affected by it because they cannot control what they have in their minds. It doesn't have to be too genius for one to take profits in trading but as OP said, I agree that it only takes a wise decision maker to retain your positions and the same goes with your profits.

Exactly they should not come with this option if they don't know everything about trading yet since they might commit a expensive mistake that would be a eye opener for them to do more research about the important points that they need to look for.

So instead of thinking about gaining experience thru their trades which they rush everything since what this people think is they can earn a fast cash their, best for them to do further more research about trading and also seek for some important information like experiences of people on their trades since they can learn a valuable lessons which they can apply for theirselves to avoid to commit huge mistakes. Also I agree that they should not jump immediately on trading but rather they focus to build theirselves bringing up some good knowledge since this could help them to eliminate those big risk and can turn their possible trades into good ones especially if they have already great understanding on every happening on the market.

However knowing the significant risk in trading and how we go about them is two different things, reason is because most of the newbies knows about the risk that is involved in crypto investment, but knowing how to go about this risk is where the problem is. probably most of them can go with it the wrong way, that is why is good to get all the necessary information about crypto investment before looking out to invest. because even if you know about this risk, if you don't understand the market very well there's no way you're going to escape from those risk either.

Newbies can have big or small capital but the advice is newbies should use small part of their capital to start. It's always easily to lose when a newbie begins in either investment or trading. Investment is less risky than trading but there is still risk to lose money like don't know how to back up a wallet or recover a wallet, carelessness when typing address for a transaction and scam risk.

Start to learn and practice with small part of capital is a safe approach for all newbies.

Newbies can start trading any time but I meant it's safer if newbies begin with investment, experience the market with investment and after months or one to two years, with enough experience and understanding about the market, newbies can start trading. It reduces risk of loss in trading for newbies.

There is no end to know or learn whether new or old. The trading industry is very risky for both new and old. The tips you mentioned are very important for trading we can explain something easily but when we go to do it practically, we understand that it is not easy or difficult. Trading requires constant learning, lots of analysis and enough time. OP can't learn trading in a few days just by following the tips you have given. Even if I add more points to trade you have not to do this but still trading is very risky. For this, as a newbie, you need to trade with such amount of money that you have no problem losing money. Patience is the main subject in trading if you can be patient then you will gradually succeed from here.

We can be in a safe side when we get our priorities right and not follow the crowd because we feel we can make money from trading. Trading needs patience to understand the market before we drive into trading. A newbie shouldn't be trading if they don't have any experience prior to joining the crypto industry. Trading is a life skill that can either make you or break you, the sad reality is that we have more newbies that are getting broken from trading losses, trading shouldn't be engaged in when we don't know the do's and don't because there no retry after you have lost your money in the market unless you have spare capital to use and then you have to not be trying to make back the money that you have lost from you first trade.


There are alot of stress that comes from monitoring the market and knowing exactly when to buy or sell Bitcoin or altcoins, this is why hodling will always be better than trading. Trading is quite interesting if you're killing it and making alot of profits but it can't be compared to the peace of mind that comes from hodling Bitcoin and realising profits that are astonishing. We have risk in everything in life so just choose the risk that you'll be comfortable taking and adventure into it with precautions and you'll be successful.

Trading itself is risky irrespective of whether you trade crypto or stocks or any asset that is volatile and it's price is based on the actual demand and supply so as newbies this is what they need to understand before anything. And newbies or experienced trader can't predict the price movements so it all depends on how they handle that situation which can bring profit or loss.

Trading using borrowed funds is sin and you will feel the hell by here itself when things go wrong.

Nailed it mate, that's what is the problem as people just put more than what they can afford to lose and they lose psychologically because they will always be worried that if the trade goes wrong they will lose it all hence ye first rule should be  don't invests more than what you would afford to lose and also they shouldn't jump into futures without practice and even if they are involved in future trading they shouldn't use more than 2x leverage.

One thing I've come to take note of is that in life, learning is constant and no one knows it all, even as a professional trader there are some things you don't have to foget else you'll make mistakes and still fall back to taking corrections thereby learning or taking note of what caused the mistake so it won't repeat itself.

 I don't even think people who have zero knowledge about trading should engage in it for the first place, atleast it's good to know about something before you do it else you'll repeatedly make lots of mistakes. That's why i agree with your idea, of bringing to the notice of people without proper knowledge about trading that there's a trading discussion board where they could fall back to and gain knowledge of it.

 Trading it's not like the normal way of Hodling Cryptocurrency for a long term to make profits, it's highly risky and requires one to be highly strategic, therefore involving in such without a proper understanding could make one lose lot's of funds. Well the good news is that the forum has provided users with a board where they could acquire basic understanding about trading and learn from professionals here.

Just follow the development of the price chart and if you see the percentage graphically, it's best to keep selling and wait for the price to drop again if it does and you're aiming for a profit on that coin.

Don't rush in, wait until it drops from the highest price, maybe after it rises 100% it will fall back to -20% before you buy again. Do it over and over again.. :D.

Emotions can impact your trading if you are not able to control them, and they will make you buy bitcoin at the wrong time. For instance, if you are trading bitcoin for short-term gain and you buy bitcoin at a low price and sell it when bitcoin has increased in price to make a profit, you will be waiting for bitcoin to dip to a certain point that will be good for you to buy again and wait for it to rise before you can sell. But if the bitcoin price refuses to dip to where you can buy it back, you will regret that you might miss out on bitcoin. If you can't control your emotions at that time, FOMO will make you enter at a high price, and when bitcoin dips after you have accumulated it for short-term profit, you will regret that you should have waited a little bit before you bought it back. To control your emotions, do not worry about buying bitcoin when the price is way too high. Allow it to keep rising because there will always be a pullback, which could be a good time to buy. But I wouldn't advise you to go into trading because it is risky and you can lose your money in trading.

All the point you listed down here are quite valid no doubt, but you failed clarify some of them like never trade with a borrowed capital, most newbies don't actually knows how terrible it is to trade with a borrowed money, because it puts you under an unnecessary pressure, and trading requires patience, but if your capital is a borrowed money, you wouldn't be that patience enough to wait for the right set-up, just because you want to meet up, and you don't want to default on your loan repayment, and that will cost you some significant loss, if you can't be patient when trading.

In Believe that knowledge is very much important, so the thing that I feel like is the best as a newbie is to stay away from trading completely, until you are knowledgeable enough to know how to navigate your way in the market and come out profitable, if not, stay off trading, because the losses will be too much for you to handle.

or.... as newbies we don't trade, even pro players still have the same potential for loss as newbies, especially in the crypto market. fundamental technical analysis or whatever it is called, losing to 1 reliable influencer...lol...because the risk of trading is very high if I don't do it. but of course we still do it, because there is hope of making millions of dollars overnight, but in reality we are whale food. but if you are willing to be a pound meal, that's okay ;D ;D

everyone who is involved in trading understands that to be able to make a profit they need the right time to sell or buy, but the question is how can someone know when is the right time to make a profit? especially for beginners, it will definitely be quite difficult for them, because even professionals still have difficulty with this, let alone those who are just starting out. so this may be quite difficult for beginners and they need time and experience to be able to determine when is the best point to buy or sell.

Greed has been one of the major problems of many traders even in the crypto market and we need to understand some certain mistakes they are making frequently. Making money in the crypto market need lots of skill and we all ought to be prepared to keep learning even when it looks like things are becoming tough for us to bear. It is very important for us to prepare to get the actual skill especially when it comes to risk management. We should be full prepared to take continuous precautions to avoid more loses.

You're right most people don't always take precautions before looking out to invest, this is the reason why most people always end up having bad experience in the market, is just like this meme investment there are some people who are rushing  out to invest in memecoin due to the success story they heard about those old investors. so they also think that if they invest in memecoin that they will also make a huge profit unlike those early investors, without knowing that those earlier investors take their time to learn and also understand how it works before looking out to invest, that is why for use to get profited  like those earlier investors we also need to take our time to learn and understand how the market works before making any investment so as to avoid losing our money.

I totally agree with you. Many people invest without researching and understanding which often leads to bad experiences mostly they make a common mistake they invest when a coin already pumped. Meme coin craze is great example where people are investing just because others made money without knowing how it works. It is good to give your time and learn and understand market before investing and always make a research. Making bad decisions because you do not want to miss out can lead to big losses. We should be careful and learn from successful investors and also learn from our mistakes to avoid losing money.

This is very true making decisions out of emotion in trading can result to a big loss. In trading you don’t allow your emotions to control you instead you try every possibly measure to control your emotions. There will come a time in trading when you will be left to make a rational decision but because of emotion and greed we will make the wrong decisions which is very bad because every wrong decisions in trading results to loss .while trading always learn to follow the rules of the candles sticks and any other best strategy that works for you better and do not allow your emotions to influence those strategies because emotions here is one of our greatest challenge when it comes to trading and also a core factor to be considered because it influences our chance of success or failure .

Decisions should not be taken too quickly whether in investing or trading. Just like you can't get into school and graduate very quickly, there is a certain step-by-step process, trading is no exception. Trading requires patience, your patience will be reflected in how much time you spend learning to trade and how you learn. It is possible that even in the early stages of learning to trade, you may trade and you may lose money while trading. You need to create such a mindset and future you don't get emotional even if you lose money trading. You have to be patient and control your emotions right from the beginning then you will see smiling faces in future trading journey.

The facts about crypto trading is that it's hard and risky, and any newbie that wants to venture into it without first acknowledging this facts might end up in disappointments and loses. I've seen influencers on social media, hyping crypto trading like it's a get rich quick scheme, they'll exergerate about how you can stay in the comfort of your home and be making money everyday and ignorant people will believe these lies.

I agree with experienced members on this thread that newbies in cryptocurrency should avoid trading, they should focus on diligently learning about it first, from online courses and materials, it's also important to have an experienced trader to guide them. There are technicalities and fundamental analysis to learn and understand first before starting, so that they can minimize loses when they start to trade.

Unless you are tracing a high volatile market, 100% is too big to realize unless you are opening your trade for long time but even at that, it's not guarantee, a coin can do 50% because of one rumor and when they sell the news later, you will have nothing left from that 50% candle either in a weekly or monthly candle, you should sell when you know you are profitable and don't be deceive by greed in trading, most often this will make you lose the little you have.

By the way, what is trading discussion doing in a beginner and help board when this is supposed to be in trading discussion thread or am I missing something.

I wouldn't advise any newbie to start trading Immediately with your money, As a newbie, the very basic things you need to do is learn and gather lots of experience, study the reason 95% of traders lose money, which majority of them are stated in Op, and allow them stick to your memory and then avoid those mistakes when you must have started trading, this way you will have higher chances of becoming a successful trader over the long run as other things you would apply in your trading journey will now come from experience when you must have started trading, whereas psychology plays an important role in trading.

Trading is certainly not for newbies as they can only be more susceptible to losses and mistakes. Let them explore first on the basic knowledge and skills needed in trading the market so that they can set a lot of time learning and preparing theirselves on how to be potential traders. While trading can attract faster and bigger profits, but that will only be possible for professional and reliable traders, but beginner traders have definitely a lot more to learn before they can be successful and profitable in trading.

I don’t think it’s a good idea for you to discourage newbies from trading. All the professional traders you see today started as beginners, so discouraging newbies doesn’t sound well to me. If I see any newbie that wants to go into trading, all I do tell them is that they should make sure they acquire proper knowledge about trading before going into it because they can easily lose money, don’t just start trading without learning about it, and make sure you start trading with just a little amount that you know you can afford to lose, because as a beginner, you are likely going to be losing the first money you deposit to trade with, just make sure it should be a small amount, so when you keep on understanding it, then you will keep on increasing the amount you trade with.

However, professional traders start out as amateur traders with little experience, but over time, with determination and a strong will, a beginner will turn into a professional. The point is to stay consistent and be lazy about learning because not a single trader graduates from trading, every time there will be new knowledge and usually traders who make consistent profits are those who have good management and also good instincts. Gambling is different from trading, because when you gamble, all you need is luck, while for trading, you need good analysis.

This is what happens if the price of BTC is also shaken to go down. The most deterrent are those who trade altcoins, in this case meme coins. If it goes up for a long time, if it goes down quickly and is always correct with the BTC correction, on average you can lose up to 50% of your initial capital, especially if you catch up and buy when the price is pumped.

You're right trading is very risky More especially for newbies because it takes a lot of time before you can learn and understand how trading works, because not everyone who can be patient enough to learn and understand how crypto trading works. that is why I don't always advice people to go into crypto trading more especially those beginners, because I know most of them can not be patient enough to learn about how trading works before looking out to start trading. most of them probably after getting a little knowledge about how crypto trading works they will just dive into crypto trading hoping that they have gotten all the necessary information about trading, this is why most of them always experience lose in trading.

Honestly, trading involves a lot of risk, but the truth is that people are still making money from it. So, I don't think it's bad if newbies want to learn about trading. Everyone you see making it from trading also started as a newbie. However, newbies should not just jump into trading without learning much about it.

For instance, in the crypto industry, I don't expect any newbie to start trading immediately they get to cryptocurrency industry. If they do, they may not stay long in the cryptocurrency industry and might become discouraged because they could possibly lose all their funds. This is because trading is not for those who lack knowledge.

Newbies are not reliable in their first trades simply because they are not actually made to trade at an instant. Trading requires a lot of time learning and understanding the nature of trading, one reason that newbies are not supposed to rush into trading but focus more on accumulating knowledge and new insights first prior to taking risk in trading. Otherwise, if we’ve seen newbies get into trading, that only means that they are not here to learn intentionally, but only to make quick profits from trading. The reason why majority of newbies lose in trading than making profitable gains.

Well said My dear Friend, trading entails a lot of risk And should be Handled with Care, newbies are not advised To jump into trading without taking their time To understand deeply the strategies that are involved in trading And the possible measures To ameliorate the adverse effects of risk.however, as newbies we should sincerely understand the importance of risk in trading so we can know the best approach or strategies to tackle them. Risk is a chance of loss and in trading risk is inevitable because loss is certain to occur in trading so it is of utmost importance that we know the necessary risks that are associated with trading before we can engage in it.

Experience is the best teacher and we should be careful when it comes to the market, any slight mistakes will definitely cause us money. Trading and investment in the market can be smooth for those of us that have good trading skills and know basically what we're doing. Newbies don't rush into trades but always consider themselves to be doing upright tasks and voluntarily triggering trades that seems promising and favorable for themselves.

I'll fix it even more, if you're a newbie and you don't know a bit about trading then I'd suggest that you shouldn't consider trading without at least learning something about it, learn the basics first before anything, remember that the risk in trading is so high that it would be really stupid if you just trade without doing anything good on your end that would prepare you for what's to come. If you can do it, find yourself a mentor that would help you in your trading journey, never traverse that trading journey alone, always ask for help, it's never wrong or stupid to do that, in fact, that's actually the right and correct thing to do in such occasions anyway.

In my own opinion, I think before a newbie will go into trading, let them know the rules and regulations governing it, that is know the risks and the benefits it involves in  gambling, so that we won't be a victim of any circumstances that is to said, we won't be losing more money and we will know when to trade and when to withdraw as well and trading is not something we can just benefit from easily because we can't actually predict how the market will turn out to be just like gambling.

That is why we should first study to have the knowledge and the understanding of crypto before we trade or invest, that way can really be of help to us and we should also ask questions to the investors who are of more experience than us in anything we don't understand and also we should do more of research to also help us.

Sometimes I used to wonder why newbie are always too inquisitive into Bitcoin investment instead of them to settle down and do research on the risk that are involved in the investment they we just conclude that they knows everything about Bitcoin investment, although that's what is making them to fall victims most of the time because they didn't want to learn very well before venturing into Bitcoin investment.

True, also as newbies they should also know about the possibilities in Trading and should not be feed with fear and risk always.
The only advise I can give is whatever they wanna get involved in, firstly information should be sought first before thinking of earning from it and should not act out of pressure or media influences, but every move be calculated, as risk cannot be eliminated but be Reduced implying accept and build on the risk.

I think most traders especially the newbies always have the problem of when to buy. This has become a big challenge and one need to try as much as possible to look for the answer before losing funds in the market because they don't know when to buy and when to sell. Selling can also be a challenge to other traders in the market because they don't actually understand what's happening in the market. Before we ever decide to sell, we need to have a clue of what's about to happen in the crypto market. If we don't have a clue, we might be surprised of selling at the wrong time, maybe when the price is about to shoot high.

There’s really nothing wrong with getting a trading mentor, even if it means it will cost you quite an amount. If you want to invest with your knowledge, then pay the price. At the end of the day, you will be the only one to benefit if your mentor has made you a successful and profitable one.

While getting a mentor is good, but if you can learn on your own through different videos from various recourses, that would be a lot better. It’s only yourself who can tell as to where you can learn a lot and more effective. One thing is certain, before you will achieve your target goal, you should learn to exert a lot of effort and patience first.

Beginners shouldn't venture into features trading at first if they must trade they should start with spot trading. Talking from personal experience, when I started my crypto journey I had money kept aside for my investment in bitcoin for a long hold and another money specially dedicated to spot trading. I was making progress with my trading ability in the spot section, though I didn't just start immediately, I had time spent in gathering knowledge from books and YouTube videos. From all the articles I read they all advised that before you trade features you should begin with spot. Spot is not as risky as features, for me any newbie that has sound knowledge about trading can go ahead and trade. Every professional trader you see today started from somewhere. If you don't trade you won't have trading experience which is very vital.

It is better not to start trading for newbies. Because there are many things to know and learn in trading, i.e. to gain knowledge. Just acquiring knowledge is not enough for trading. It is very important to spend some time here and gain practical experience. Many people follow different trading signals. I think you should do your own research without blindly following any signal.

I disagree with you on this,that a Newbie should  not start trading or think of trading.When do you think it's the right time to trade if not now? It is better to start it now,than to hold on till a certain period of time.They used to say experience is the best teacher,it is better to start making mistakes now,and learn from those mistakes you've made, because that is the only way you can become more better.The mistakes you make will push you into researching more,learning new strategies you will use for the next trading,and calculating your next line of action  for the project you need.If not now,when will it be?

I don't mean current market conditions. I want to say that it is not right to join crypto trading without knowing anything. Our hard earned money will be lost. So some research should be done before trading. Because the objective of all of us trading is to earn profit. Our aim is not to lose and learn from it.

With the advent of the internet and the freely accessible material over it, one doesn't need a mentor anymore to learn basic things unless they don't have a mind that is able to grasp ideas on its own and requires someone to feed them manually by repeating the same thing again and again or maybe using some method that can make them memorize or understand the concepts but then again, this market is too complex for such people and they will only lose their money if they try.

One needs to have a sharp mind and quick thinking and grasping abilities and they wouldn't need a master or a mentor to learn anything be it trading or anything else in general. They can learn everything from the internet these days and it is completely free, they wouldn't need to pay a dime for it.

@Cadaver20 suggests that rookies will lack sufficient trading knowledge, it is preferable that they learn first before engaging in trading. Trading is not an easy process, and if you know much about trading, you will realise that it is not straightforward. You must focus extremely well before you can start selecting form from it, therefore I don't see any reason why rookies should not start putting money into trading; they should learn first before taking risks. Because it is fine to take risk, but before you take it, you need understand the method first before you start so that you can minimise your risk. In my opinion, it is preferable to study lean first before trying because he can't favour you when you make mistakes because you make mistakes and you don't know where your mistakes came from since you don't have knowledge and you try to risk. am sure you will never know your correction expect you go and learn about it first.

they don't have a right time to trade but is very important to make a research first before you start to trade you can't just jump to trade without any understanding you will never succeed on it mistakes is a part of leaning, because you will correct your self and avoid mistakes for another one, when you are learning that is the time They don't have a right time to trade, but it is very vital to perform a research first before you start to trade. You can't just leap into trading without any understanding, and you won't succeed. Mistakes are a component of learning since they allow you to rectify yourself and prevent making the same mistake again. When you learn, you gain experience. Some rookies are afraid of losing their money, which is why they prefer that they understand thoroughly before committing to it.

This question is a very vital one for anyone interested in trading. You need to understand what emotion is and then you can assume how it affects our trading and how to control it. Emotion is the psychological state of our mind and it plays a greater role in our lives as it contribute to every action and reaction we carried out. It's something that both experienced traders battle with also, not only the newbie traders.

It impact our trading since it has influence over our decision making. Some time we we take impulse decisions regarding our trading either due to the fear of losing and sell at unfavorable price or refusing to sell at appropriate price because of our greed to make more profits and or enter into trade with overconfidence without risk management probably because of our previous trade that was successful. All these are examples of how emotion can impact our trade.

To tell you the truth, we can not completely trade without being emotional but there are some practice that can help us to minimize it impact. First thing to do is to set targets and goal before you venture into trading and outline the strategies you intend to use to achieve your goals. Discipline yourself in order to stick to your set plans and above all, take a break when things are getting too difficult so you can clear your mind and reflect on your mistakes, then restrategize.