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Economy => Trading Discussion => Topic started by: shisotsu on December 09, 2023, 11:21:31 AM



Title: What should newbies do in trading?
Post by: shisotsu on December 09, 2023, 11:21:31 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it


Title: Re: What should newbies do in trading?
Post by: Oshosondy on December 09, 2023, 11:40:51 AM
Trade with the amount of money you are capable of losing. The kind of money that will not give you emotion.

If I earn $250 weekly. I can decide to trade with 5% which I can afford to lose. That means I will accumulate 5% of it weekly and try to make profit.

That is $12.5 weekly.

Try not to lose but continue to accumulate. I mean no to much risk trading. But if you lose more, stop trading after many months of losing. If you gain, continue to gain and accumulate.


Title: Re: What should newbies do in trading?
Post by: AicecreaME on December 09, 2023, 12:25:40 PM
Aside from basic fundamentals of trading, and other things you should study.

You need to control yourself, especially when entering a trade after you lose a trade. Don't rush yourself making a big profit, keep it at a steady phase, don't expect too much from yourself since you've just started your trading journey. It's important also to don't quit if you really want trading as your source of income. Don't afraid to try new things, that'll help you grow as a trader and a person.


Title: Re: What should newbies do in trading?
Post by: Dr.Bitcoin_Strange on December 09, 2023, 12:28:24 PM
According to a quote I read, "Impossible has many options." Yeah, you just have to try other options in the crypto space. If you feel you are losing more than you can no longer handle, then you can switch to only investing (buy Bitcoin and hold), but what you must also know is that behind any professional trader, there have been countless unsuccessful trades and lost funds, and even to date, those referred to as professional traders still experience losses. Trading is not the only way to make a profit in the cryptocurrency market; you can change option to being a holder or keep trying and taking note of every cause of every failed trade, and then you can change your strategy too.


Title: Re: What should newbies do in trading?
Post by: rhomelmabini on December 09, 2023, 12:44:48 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
First is to know what is your objectives and from then on you should commit yourself on that. You don't have a choice but to get yourself dirty if you want to get back what you've lost or make more out of it, it's not easy considering you've got little portfolio but it's worth it if in the end you succeed. My advice is to focus on the small profit, let's see you focus on $20, then $50 etc., that way you'll focus more rather than focus on the huge amount of profits.


Title: Re: What should newbies do in trading?
Post by: boyptc on December 09, 2023, 12:54:43 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
That's actually what I am about to say, to just trade.

Things will be learned eventually and if you think that you do know more and understand a lot with technical analysis then it means that you're better than me, honestly.

Just do it and you'll get to adapt the survivability of your money in trading because it's like a normal reaction that you need to do better.


Title: Re: What should newbies do in trading?
Post by: Yamifoud on December 09, 2023, 01:15:35 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
I feel that you are uncomfortable with your current situation and doubt if you will continue. Therefore, I would say that the best thing for you to do now is to quit trading because it never makes sense if you continue when your mind is out of focus and are afraid. Just save your $45 to buy stuff rather than lose them all. Just come back when you are ready and make use of your experience as a tool for your improvement and recall all the mistakes you've made as this could help you understand fully what is trading really.


Title: Re: What should newbies do in trading?
Post by: jeraldskie11 on December 09, 2023, 01:20:28 PM
Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
My only advise is to invest in knowledge about trading. As long as you didn't back test enough your strategy and didn't prove that you can be profitable, don't trade with real money. You have to make sure that you're confident enough with your strategy before you try real account. And my suggestions is to trade only with a small amount because live trading is different from demo, trading with emotions can affect your execution.


Title: Re: What should newbies do in trading?
Post by: Sanitough on December 09, 2023, 01:26:14 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
If you don't want to lose your remaining balance, then take a break from trading. It's not necessary to trade consistently when you are at the losing end, know when to trade and know when to stop. This is the reason why we should only trade on what we can afford to lose, at least there will be no issues if we happen to lose them all. Trading has a lot to lose than to gain, most especially if you are still starting learning to trade.

Using demo account never guarantees that you will be free from inevitable losses when trading in live. Its still different when you trade involving real money and emotions, which you can't learn from demo trading.


Title: Re: What should newbies do in trading?
Post by: Queentoshi on December 09, 2023, 01:44:22 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account.
When you make losses in trading as a beginner, it can affect the confidence you have to keep trading. This is a good reason to not hurry to start trading when you are not ready for it.

watched many educational videos on YouTube,
It is not possible that you have seen all the videos, if you have watched videos on one side, study videos on another side of trading. Watch videos on the strategies used by traders, their method of entry and all that. If you have a friend who is a trader, ask them for signals, so you can compare with what you have and improve the confidence you have so you can be bolder to try trading with some money.


Title: Re: What should newbies do in trading?
Post by: Huppercase on December 09, 2023, 05:41:14 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

I don't want to say trading books are not necessary, they are primary but don't waste too much time on them. Once you know the basic, go straight to details videos that will put you through trading practice, the more you practice, tbe more you understand the trading and even improve much better.

From your trading history, I don't think you have master trading that much. Unless you are dealing with a large capital. Such amount is to large to be lost on a single trade. If you are into trading futures, please avoid that for now and if the loss continues, then you should try paper trading. It's more like trading in real time, you can select any of your trading pairs on Tradingview and you can use it to trade and it's going to be in real time to the reference exchange yiu choose, let say A represent A token and then chose A/USDT from kucoin, it is going to be mimicking that pairs from that exchange and so does other exchanges as well.

Regarding next line of action, try and pay attention to the fundamental aspect of that coins, the news is what drive coins in the market, if you don't blend fundamental aspect of the coin to the technical, your trading is going to be a nightmare and pain in the ass.


Title: Re: What should newbies do in trading?
Post by: macson on December 09, 2023, 05:42:22 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Do you also apply the strategy you use on your demo account to your real account? If indeed the strategy you use on your demo account is correct then that strategy should also work well on your real trading account, always remember that trading has no end, every trader must learn, must maintain the consistency he has, and must have a good strategy to use in trading, don't let your trading activities go badly because you don't have a good strategy.  Always also evaluate the strategy you use when trading because it is very important, you will only make a loss if you don't have a good strategy in trading (you can use a demo account as a medium to practice your trading strategy)


Title: Re: What should newbies do in trading?
Post by: Rehan Zakir on December 09, 2023, 06:15:37 PM
I advised you to don't lose hope. I appreciated that you have earned 20$ with just 34$ investment. I think its a great achievement. Don't think about your bad experience in trading. Just think you have earned profit when you are a newbie.
Loss is a part of trading. Every trader as a Newbie face these experiences at their initial stage. Try to start again with the free airdrops. When you earned some money then invest it in trading again.


Title: Re: What should newbies do in trading?
Post by: Jegileman on December 09, 2023, 06:27:29 PM
A newbie does not need to go for trading for a first time. It is better you continue using the demo account until you have become better in trading. It doesnít bring much emotion as youíve said but it is better to learn in a demo account than a real one. If you want to go full into trading when you feel youíve learned enough, just use the money you can afford to lose. There is a lot of emotions attached to trading, if you canít control them, youíll leave trading and lose a lot of money before you know it.


Title: Re: What should newbies do in trading?
Post by: ZAINmalik75 on December 09, 2023, 07:16:57 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
I think I know this feeling, I have faced it, its called fear of soaked away from the markets sentiments, you might be following so many people and some of them must be saying to perform trading and will be sharing there profits that they have made over night or in the span of 10 days maximum while at the same time other people will be sharing that market might dump and you should avoid trading. And between them you are being pressured and don't thinking straight now.

I will tell you one thing, avoid all of them and use the knowledge that you have gained so far and do whatever you think is right and worth a shot but don't forget to listen to others because sometime people talk and you get ideas but never make there ideas dominant over yours.
In simple words try to be independent of other's ideas and do your own research, don't afraid to make money even if the market is so volatile that it moves up, and in this time I don't think there is any factor to afraid of because in the short and long both the market is bullish. But don't take my words for sure.


Title: Re: What should newbies do in trading?
Post by: irhact on December 09, 2023, 07:58:07 PM
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

We all have had this experience when we're trading, some individual had it at the beginning of their trading career while others had it as the middle. Don't give up hope but also don't use an amount that you won't be comfortable losing. This is the most important thing when trading and also not losing too. Always take profits as you don't know the mind of the market. If you're afraid of losing then it says you don't trust your trading strategy and you need to practice more.

Take a break as you have met a dead end but don't give up as you might be stronger and bigger in trading after this experience, go back to the basics and learn again. You should risk some small amount of money to get real life feeling from the market when you have practice severally with a demo account for a start as it's looking like you don't understand trading or not having luck when you trade. If after learning and practicing again and you still feel this way then give up trading.


Title: Re: What should newbies do in trading?
Post by: Maslate on December 09, 2023, 07:59:21 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
You don't have to force yourself in trading when you think trading experiences has been very unfavorable to you. You know, I also heard from a lot of people that in order to learn in trading, you should get used to trading more so you can improve your trading performance and develop your trading skills and strategies. Well, part of them are true but seeing how your losses may continuously affect your finances, that would be a big problem then. For me, taking a break is also important. If you see you are at the dead end, then do not risk your money losing them all, but stop for a while and only trade again when you think you are ready again to trade. Unwind yourself and relieve your stress from trading, and after that just trade again when you think you're good enough to start again.


Title: Re: What should newbies do in trading?
Post by: electronicash on December 09, 2023, 08:08:14 PM

the bull run is perfect for spot market trading. you don't even have to make it hard on yourself.

i started with small amount as well which i only trade when i'm about to sleep just using my phone. i can decide before sleeping and then check when i wake up. if nothing happens just let it be until something comes up like 30% growth. for newbies, spot market trading is the way but still learn the indicators.


Title: Re: What should newbies do in trading?
Post by: lixer on December 09, 2023, 08:18:21 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
You must have been trading cryptocurrencies that you shouldn't have been trading that too at the wrong time. Newbies often FOMO and buy tokens and cryptocurrencies that have already skyrocketed, thinking that they will ride the tide as well and earn some profits but instead of getting profits, they get their money stuck and lose money when the coin they buy starts dropping significantly after their purchase because it was already at the top of its chart.

So, it's not important to just know technical analysis or other stuff but you need to make sure that you are trading the right cryptocurrencies at the right time to avoid losing money, and don't try scalping if you are not being able to get a lot of success in it, take a break, practice your strategies and start afresh.


Title: Re: What should newbies do in trading?
Post by: Aanuoluwatofunmi on December 09, 2023, 08:34:49 PM
Trade with the amount of money you are capable of losing. The kind of money that will not give you emotion.

To add on this, newbies should understand the reason why they should go through the learning process at first in trading, this will help them understand how to trade, where and when to trade as well, there are times we cannot just begin with doing something out of being passionate about it, such may be a means of getting us confused if care is not taken, but we need to follow things by order.


Title: Re: What should newbies do in trading?
Post by: goaldigger on December 09, 2023, 08:52:40 PM
Youíre still on the learning stage, donít rush things and stay within your course, you should be able to trade with less emotion and win it. Trading very well takes time, and thereís no overnight success here so if you are still a newbie, spend more time in learning first, set your limit and trade with your strategy using your own way to analyze the market, technical analysis can be a big help so make sure to learn it.


Title: Re: What should newbies do in trading?
Post by: tvplus006 on December 09, 2023, 11:06:04 PM
...But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

There are 2 ways to learn how to trade: Either you buy training, or you learn on your own. In both cases, you will have to incur financial expenses. And if in the first case you will pay for tuition, then in the second you will lose your money, while gaining knowledge and experience. And since you have chosen the second method, you should continue to educate yourself, but you must remember that you will need more than one deposit to learn how to trade with profit.


Title: Re: What should newbies do in trading?
Post by: GreatArkansas on December 10, 2023, 12:18:19 AM
Youíre still on the learning stage, donít rush things and stay within your course, you should be able to trade with less emotion and win it. Trading very well takes time, and thereís no overnight success here so if you are still a newbie, spend more time in learning first, set your limit and trade with your strategy using your own way to analyze the market, technical analysis can be a big help so make sure to learn it.
Yep, this is part of the process, I believe OP is not alone, a lot of people especially newbies also experienced this.
So for me, the best thing to do is first accept the losses and move on. Next is to be more prepared before doing such trades, and identify where you made mistakes, like not making your past mistakes again.
As the majority said, demo trading is your friend, you can test your strategy here without losing any money or start again with a very low amount of money just for practice.


Title: Re: What should newbies do in trading?
Post by: Assface16678 on December 10, 2023, 01:11:00 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Don't go hard on yourself; trading is a continuous learning process. Even an experienced trader will still experience losses, which is a common thing. You said it yourself; you spent time and effort to learn about trading, and that is good because you did the necessary things and tools to do great in trading. Maybe you still need some time and experience to do very well, but have patience, and you will be rewarded. The thing is, you need to stay strong and build your confidence, as we know we never know what your fate will be in trading, so you should always be ready and know what you will do. Always move forward, forget the bad things, and think of how you will do well next in your trades. It's okay to be sad, but don't take too long. If you have time to sulk, then you should spend that to improve your skills.


Title: Re: What should newbies do in trading?
Post by: Richkiedx on December 11, 2023, 12:23:48 PM

Aside from technical analysis and fundamentals
even if you know it, don't get bored of studying as a beginner in trading, start with a low capital before that you must have basic knowledge
All succesful trader start as a beginners
 Trust the process and stay discipline


Title: Re: What should newbies do in trading?
Post by: Viscore on December 11, 2023, 03:14:11 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
I feel that you are uncomfortable with your current situation and doubt if you will continue. Therefore, I would say that the best thing for you to do now is to quit trading because it never makes sense if you continue when your mind is out of focus and are afraid. Just save your $45 to buy stuff rather than lose them all. Just come back when you are ready and make use of your experience as a tool for your improvement and recall all the mistakes you've made as this could help you understand fully what is trading really.
While I want to encourage you more to engage in trading but seeing you're still in doubt on what to do next, then probably I have to agree with the idea that taking a break from trading is better than to continue trading and lose your remaining balance. Invest in yourself first and take time to increase your knowledge and develop your skills in trading, that way you will know already what to do next whenever trading suddenly turns into unprofitable.

Getting more experiences in trading will help you a lot when trading, but I suggest learn to stabilize your emotions first before you continue to gain additional experiences that will serve as your best teacher in trading.


Title: Re: What should newbies do in trading?
Post by: mirakal on December 11, 2023, 05:00:05 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Trading having a newbie position only maximize its risk. No matter how you tell that you have already acquired sufficient knowledge in trading, be it in fundamental or technical, the fact that you have less and insufficient experience in trading makes you incapable to trade and makes you less controllable on the outcome of your trades. So for me, it's better to just stop from trading for a while while you continue to enrich yourself with knowledge and skills in trading.

Trading consistently does not guarantee that you'll end up a better trader, if your performance still not improves, you will still lose everything you have. So learn first adequate knowledge, skills and strategies in trading before you proceed in trading, at least your capital might still be saved.


Title: Re: What should newbies do in trading?
Post by: Nrcewker on December 11, 2023, 05:12:10 PM
Newbies should at first observe the market. Donít rush and deposit huge money in the trading account. Instead go for a demo account and try to trade there. See tutorials and basics of trading from the internet and practice it in the demo account. Once you feel confident and see good results, use those tactics with the real trading account. You will get better in trading as you gain more experience. Itís alright to lose money at the start, it will help you to make strong while trading now.


Title: Re: What should newbies do in trading?
Post by: synchronym on December 11, 2023, 05:29:31 PM
When we trade bitcoins we must be careful to trade bitcoins. We would be wrong if we were interested in trading Bitcoin only after hearing the success stories of Bitcoin trading. Because many people who trade in Bitcoin have failed through this trade. However, they do not give up and move forward, thus they achieve success through Bitcoin trading. So we have to move forward with the risk that we must bear in mind when trading in Bitcoin.


Title: Re: What should newbies do in trading?
Post by: Distinctin on December 11, 2023, 05:38:45 PM
Newbies should at first observe the market. Donít rush and deposit huge money in the trading account. Instead go for a demo account and try to trade there. See tutorials and basics of trading from the internet and practice it in the demo account. Once you feel confident and see good results, use those tactics with the real trading account. You will get better in trading as you gain more experience. Itís alright to lose money at the start, it will help you to make strong while trading now.
Using demo account might be a good start for newbies to learn how to trade without the risk of using real money. The intention here is that you will be exposed to the real scenario in trading, and what could be the possible strategies that will work for you so you can manage the risks when you are already trading in live. Although demo trading account may not guarantee your real success in live trading, but it will be a big help as well so you can practice trading without the risk of losing money.


Title: Re: What should newbies do in trading?
Post by: sulendra12 on December 11, 2023, 09:06:51 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
That's pretty much most of the beginners do, they always lost at the beginning of their journey but the difference between those is that you need to learn your mistake so you don't fall on same mistakes twice.

Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next.
Not everyday is a good day for trading you will often get some loss there and there, but if you feel that you are "understand" with the analysis and yet somehow you are still lose then you didn't understand shit. Technical analysis is really deep and all you read at the books and videos don't catch all the possibilities in the market, that's why your experience matters the most here.

Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Demo trading doesn't get you an equal emotion as you do it with your real money, it's cool to test your strategy but there is nothing other than that.


Title: Re: What should newbies do in trading?
Post by: Adbitco on December 11, 2023, 10:23:52 PM
But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
What you should know about trading is that it takes time for you to understand it as you may think because using like a month or two months to study any material about trading is still not enough for you to jump into trading, watching youtube videos and you gain experience on how to enter and exit market doesn't make you a trader yet you are still learning. What you are lacking is still more time to continue your studies because those whom you finds out there making huge amount of money doesn't just start a day to make practice, it took them years at least 1 year to 3 years to become more conversant with their skills.

Yeah Demo is something that will contributes to your lost because the both market doesn't operate the same, Demo is more easier to handle while real account or live account requires technicalities to be able to handle it otherwise you would sweep your account the very moment you venture into the market.

My advice to you is that since you really love trading, it is better you only involves yourself with scaping this will really help you alot since we are still on bull run and you would make it in every little market changes of bitcoin or any other altcoin you may decides to do scaping with for long time this method has been helping me accumulating small profits in BTC.


Title: Re: What should newbies do in trading?
Post by: ancafe on December 12, 2023, 04:01:34 AM
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
It's simple to learn to be responsible for trading decisions taken and the rest learn to understand how to undergo the right investment. If it is true what you say and understand technical analysis, what you need to do now is practice trading in real. Directly involved in trade can train your ability but there must be an opportunity to trade with a smaller budget amount first and if it is ready, the amount can be increased slowly in accordance with the capital capabilities you belong to.

It can help rather than just study technical analysis but you don't try to trade directly. It is important to carry out trade with knowledge so that we can avoid psychological disorders when experiencing loss and maybe it's time you try in small amounts in advance as an effort to train your abilities. From there you can evaluate the level of error and a suitable trading strategy used while undergoing trade because it is not always the same strategy can be used on different coins.


Title: Re: What should newbies do in trading?
Post by: Mpamaegbu on December 12, 2023, 12:23:55 PM
Besides learning and acquiring the set skills for trading, the second top most priority of things newbies should do is purge themselves of that mindset characteristic of believing that trading is a shortcut to riches. No, it's not. Though people can quickly get rich through that process, it doesn't mean that everyone who goes into trading will.


Title: Re: What should newbies do in trading?
Post by: Adams0001 on December 12, 2023, 02:43:15 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

Even if you are a professional, you will lose one day, but it is good to learn about it so that you can minimize your losses In Trading, you must study hard and understand everything about it because it is not like an investment and is very high risk, which is why you must trade with money you can afford to lose. If you are still a beginner, how many months have you spend learning how to trade that you have truest yourself and putting huge money on it. In my opinion, you should keep the 45$ and learn more about trading since, in my opinion, you are not a lucky person in trading. You need to learn more about trading and I am confident that one day you will profit from it as well.

You must be honest with yourself and motivate yourself if you want to succeed in trading or investing you need to take risk. I don't think you'll get a full understanding of trading from YouTube because they have many things that they didn't put on YouTube, so you'll have to ask some traders to tell you, This is why some people will say that if you want to learn how to trade, you'll have to pay money so they can tell you the important things you should know first.


Title: Re: What should newbies do in trading?
Post by: EarnOnVictor on December 12, 2023, 02:57:27 PM
Nicely explained OP, but as you are still new to trading, just take things lightly, do not rush at all, and if you want to deposit money for any reason, let it be a little at this time. You can use that to continue learning as you get to improve yourself and get to increase the risk over time as you get more experience. However, I have not seen a trader that got all that is needed in trading in less than a year, though I often recommend that anyone who is serious about trading should at least start a live account within the next 6 months of practising with the demo account. But with the live account, trading even just started, and similarly, as you mentioned, a demo account is a kind of virtual account that causes a lack of emotion for traders. You are very right. Though the traders using it would learn everything about trading but they might still be lagging in the things of trading psychology. It's actually brilliant and wise of you to have to decipher this early enough, just continue with the learning and you shall one day be a good trader.

The reading, learning and training from external people matters as well, just be sure that they are the sources that will eventually hand you the success you need. Many of them do not have the success they claim, but thankfully, "by their fruits, you shall know them."

Good luck to you!


Title: Re: What should newbies do in trading?
Post by: MFahad on December 12, 2023, 06:53:19 PM

Even if you are a professional, you will lose one day,
Even a good trader can make mistakes in trades and trade at a loss. There is no such thing as a professional trader who only earns daily profits. Therefore, telling the new people that even if you are professional, you will still lose, surely the morale of the new people will be low with such words. So we should encourage the newbies to get experience as well so that they can go ahead and become a good traders.

Quote
so you'll have to ask some traders to tell you, This is why some people will say that if you want to learn how to trade, you'll have to pay money so they can tell you the important things you should know first.

I don't think we should pay people who ask for money to teach it.If they have important things, they must have learned and seen these important things from somewhere. So instead of paying money to others, now there are many platforms where one can easily get all the information about trading.


Title: Re: What should newbies do in trading?
Post by: Hamza2424 on December 12, 2023, 07:07:23 PM
I won't the usual blah blah, buddy you are trying to learn and making efforts as well, in this critical time what i think is the most important part for a trader is to learn about portfolio management whether he's a trader or investor of any amount ranging from the 100 to 100k or even more.

So as you've already said you own just $45 in your current portfolio I would say better to go with the flow because the current market is highly rewarding even without critical analysis and experience anyone can service and make some decent profit but to learn all about trading this not a good time because you won't see much failures in trade because the entire market is green everywhere.

But this market can teach you about greed and portfolio management, better engage with any of your local crypto mentors on Youtube or social media follow him, and explore yourself as well by comparing your and his analysis based on technical and sentimental range. Believe me, you won't lose because it, not losing time.


Title: Re: What should newbies do in trading?
Post by: Patrol69 on December 12, 2023, 07:11:34 PM
You have read a lot of books on trading, hope you have a fair idea about training by reading those books. You may get some ideas from reading books but for real ideas you must do trading. You already have real trading experience and you lost more than half of your money trading. You have to learn from the losses you have incurred. You may think that how do I learn from loss yes you learn from loss, you now mark what kind of market conditions you took the trade from or why you lost money or whether you traded correctly. If you feel that you have not been able to trade properly or your knowledge about trading is very less then try to get a complete understanding about trading first. Learn about trading and keep on trading maybe you will lose some money but if you trade with this strategy you will be successful in future.


Title: Re: What should newbies do in trading?
Post by: Franctoshi on December 12, 2023, 07:27:18 PM
Trading is not a get rich quick busines and if you are coming to trade with such mindset then I will tell you to quit because that's the best advice for you, because surely you aren't gonna get rich with such mindset , Trading is a slow and steady stuff if you are hoping to get positive results, and avoid being greedy, never joke with risk management and risk what your trading account can carry, else the lesson would be that you will end up dashing your money into the market freely and I guess that's not what you want to experience.


Title: Re: What should newbies do in trading?
Post by: mindrust on December 12, 2023, 07:45:00 PM
You should learn to control your emotions. It doesnít matter if you are winning or losing. If you get carried away, if you get emotional because of your losing or winning position, you will make mistakes and your situation will get worse. Remember it can always get worse. And you can go below zero in some games. (Trading with margin) Reading books, articles are fine but you will learn the best if you make the trades yourself. And you will lose some money too eventually. No trader wins all of his bets. If you canít stomach losing then quit trading immediately and find a real job.


Title: Re: What should newbies do in trading?
Post by: Fatunad on December 12, 2023, 08:55:27 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Dont push yourself too much because if you do find yourself that being too stressed about on the trading you are making then you are just basically trying out yourself to be that desperate or really that in a rushed situation which we know that it isnt something good specially when you are making some trading. The key on here is that it isnt really that bad on researching up and trying out to familiarize everything specially on technicals considering that it would really be that relevant basing up on the career that you are taking but you should really be that wary that not everything would really be that depending on technical aspect on which it would really be something relevant to learn but we should know that there are other things like risks management, emotion handling and risks tolerance is something that you would really be needing to learn too because
if you dont make yourself that be wary about these things then you are really that putting yourself on a hard situation.

The key on here is that you shouldn't rush up, take everything slow pace manner so that you wont really be finding yourself in a rush or desperate situation because this is where usually
mistakes and errors could occur just because you cant really that easily think off well.


Title: Re: What should newbies do in trading?
Post by: TravelMug on December 12, 2023, 09:06:59 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

And it just shows how trading is not for everybody, when we hear people specially around in the 2017-2018 era, wherein if my memory serves me right, there are a lot of members who quit their job thinking that they can make a lot of money from trading back then, obviously we are in the bull run that time and so it's a hard lesson for those who focus on trading and then quitting their job but not bringing enough money in the table. Again, the lesson here is that it might take some time and money to be able to make money in trading. So probably just take a small steps, and if you are going to lose that last $45 of yours, then make it count, learn from it and comeback strong. And as what the majority is telling, just "trade what you can afford to lose".


Title: Re: What should newbies do in trading?
Post by: GeorgeJohn on December 12, 2023, 10:31:14 PM
What I want to encourage you is that a newbie should not rush into trading because the risk which is in trading is higher than the advantages, because when you have not known the procedures or the rudiments of Trading you may end up losing a numerous coins, like you have trade and make a profit so you might make such profit by luck and their is every possiblity that you might trade again and you lose, so trading requires learning and it's something you have to understand very well before learning.


Title: Re: What should newbies do in trading?
Post by: wxa7115 on December 13, 2023, 04:26:34 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
You have the answer right in front of you but you simply fail to see it, you are failing completely when it comes to money management as you lost 75% of your capital in roughly 6 months.

And while some may think this is not much of a problem as your capital was small, what will you do when you actually trade with your savings on the line? You need to learn more about how to deal with your losses and how to cut them short, everything else seems secondary to me at this time.


Title: Re: What should newbies do in trading?
Post by: lombok on December 13, 2023, 05:13:52 AM
Trading has big risks. And you (OP) haven't gone into too much detail about what trades you made, spot or futures? Futures have greater risk than spot. The potential for losing funds in a matter of minutes is very high. For beginners, spot trading may sound friendlier. Why do I say that? because when we make a spot purchase of Bitcoin and suddenly the Bitcoin price drops as long as we don't sell our Bitcoin, we haven't experienced a loss, but if the price goes up again and exceeds the purchase price we can make a profit as long as we sell it. Spot trading is safer and can be controlled as long as we understand buy low-sell high.

Sometimes newbies push themselves because they are interested in big profits and make silly trades and even trade futures without knowledge and experience.

Learn and find out as much knowledge as possible before jumping into trading and continue to learn from previous experiences. Try to avoid it and not make previous mistakes.


Title: Re: What should newbies do in trading?
Post by: AnonBitCoiner on December 13, 2023, 05:29:53 AM
Youíre still on the learning stage, donít rush things and stay within your course, you should be able to trade with less emotion and win it. Trading very well takes time, and thereís no overnight success here so if you are still a newbie, spend more time in learning first, set your limit and trade with your strategy using your own way to analyze the market, technical analysis can be a big help so make sure to learn it.

You share good strategies for traders so if someone stops to want an expeditious dividend then he cannot be triumphant. Trading is a mechanism to control person's emotions so he can catch enormous dividend. If someone fails again and again to make money then he should increase his timing to learn new then use this learning well instead of increasing amount of money.   

If a person is trading non stop and don't perceive appropriate solution to all problems then it means that he is trading according to the rules of gambling which is not consider as money Making mechanism. At start it will be hard to analyze the market therefore ask to other fellows for help but later through knowledge you can analyze the market by using your own expertise.


Title: Re: What should newbies do in trading?
Post by: lixer on December 13, 2023, 11:56:33 AM
A newbie does not need to go for trading for a first time. It is better you continue using the demo account until you have become better in trading. It doesnít bring much emotion as youíve said but it is better to learn in a demo account than a real one. If you want to go full into trading when you feel youíve learned enough, just use the money you can afford to lose. There is a lot of emotions attached to trading, if you canít control them, youíll leave trading and lose a lot of money before you know it.
Using demo account will still engage them in trading but it was only free of cost and then eventually they will need to engage on their first real trade. You said that using a demo account doesn't bring much emotion, therefore you can't become better if you will only stick here and don't try real trading sometimes. Don't worry about the losses that you will get, as you can still recover them later on once you already learned.

Trading is about knowing the market, or the price movements. But, we still need to study hard before that. This is why you said the emotions here are a lot. I don't think we don't know once we lose money. There is only a reason on why we still continue.


Title: Re: What should newbies do in trading?
Post by: bettercrypto on December 13, 2023, 12:53:48 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

You know if you are going to do trading activity on any exchange, you should try as much as possible to make a profit every day you do it in actual trading. It doesn't matter how much you earn, as long as the important thing is that you train yourself to always make a profit.

Because if you get used to it every day, for sure every week and every month, you will make a profit. As long as you also learn to study deeply in the crypto trading industry that we live in.


Title: Re: What should newbies do in trading?
Post by: Natalim on December 13, 2023, 02:01:14 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Since you've been doing this already and experiencing losses, the very first thing for you to do is to find out what causes your losses. Knowing the reason behind this will help you understand what are the things you need and what are the things that you need to improve. So there is a reason why you should not continue trading but rather address those things. We have to think that learning is very important in trading that is why we can't assume that we can make a profit from an empty mind, instead of losses.


Title: Re: What should newbies do in trading?
Post by: Inwestour on December 13, 2023, 02:10:30 PM
Since you've been doing this already and experiencing losses, the very first thing for you to do is to find out what causes your losses. Knowing the reason behind this will help you understand what are the things you need and what are the things that you need to improve. So there is a reason why you should not continue trading but rather address those things. We have to think that learning is very important in trading that is why we can't assume that we can make a profit from an empty mind, instead of losses.
The very first thing newbies should worry about is stopping losing money. Now those who will express their opinions will say that not a single beginner can do without losses, and this will be true, but I am talking about avoiding constant losses, and not losses at the start.

Most traders, even those who are not beginners, stop trading because they lose very large sums of money, they end up losing more than they earned, even after many years of their activity, so advice for beginners can be extremely simple, if you are learning, then learn from very small money, if even in this case you do not learn how to earn money, then there is no point in trading with big money.


Title: Re: What should newbies do in trading?
Post by: jaberwock on December 13, 2023, 06:01:09 PM
Aside from technical analysis and fundamentals
even if you know it, don't get bored of studying as a beginner in trading, start with a low capital before that you must have basic knowledge
All succesful trader start as a beginners
 Trust the process and stay discipline
TA's are being given more importance in trading but it may seem harder than the FA. So as a newbie whose brain isn't that soft yet to absorb more knowledge and complicated stuffs, they can begin with the fundamental analysis first. It is better than if they will just trade randomly. The only way to earn, and earn more, is to keep improving and learning.

I guess no one will get bored earning money right? So, they won't also stop learning and keep on improving. Besides, the market moves from time to time in an unexpected manner. So we won't just need a one-time analysis here but we will also ride those waves with a new set of analyses.


Title: Re: What should newbies do in trading?
Post by: kawetsriyanto on December 13, 2023, 08:53:48 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
It seems you already find a better way in trading. Although you got a loss $90, but you finally could make a profit about $20. Maybe you traded in the wrong way previously, now you already trade in a proper way. I can understand if you didn't succeed suddenly in your first attempt in trading, you are just a beginner, right? However, although you still couldn't take profits with huge money, there is a good progress in your trading journey at least.

It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45,
Although you understand well the fundamental of trading but you have a lack of experience. Sometimes experience has a big role to determine the success in trading. So, don't give up! You probably will trade better when you already have enough knowledge. Losing the money is something normal in trading, it will give you an experience and a lesson to trade better. As long as you use small money in trading, I think it is okay. Don't too obsessed to get huge profits now!!

~ demo trading does not bring such emotions and I donít want to try hard when trading it
Demo trading never gives you a real experience. It is just the way to understand basic things in trading. So, don't rely on demo trading to improve your trading!



Title: Re: What should newbies do in trading?
Post by: Ziskinberg on December 13, 2023, 09:28:04 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
You should know that trading can used up all your capital, that's why we are advised to trade at our own risk most especially that you are still starting to learn trading. Now, if you have fears from losing, then taking a break is what you should do. Know when to trade and know when to continuously trade. But if you this continuously, you will never overcome your fears if you keep taking a break from trading. Trading is a battle of mind and skills, at least you should know before you start to trade.


Title: Re: What should newbies do in trading?
Post by: Japinat on December 13, 2023, 09:58:28 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Acquiring knowledge is different from acquiring skills in trading. You need constant exposure and trading in the market so you can be a good and reliable traders. In your case since all you got are just pure knowledge but lack of experience, expect that you will really suck your first trades. My advise is never start trading unless you are ready, and you are ready to lose as well. For now, just take a break and continue educating yourself in trading, at least you will know what to do in instances like that the next time you trade.


Title: Re: What should newbies do in trading?
Post by: Mate2237 on December 13, 2023, 10:26:58 PM
Welcome to the trading world. As a newcomers on the trading industry I will tell you that you should read and practice with the practical works though you will loss money oh but you have to stay put and learn every day. And as you trading with those small amount of dollar is good and sometimes you should try and use demo accounts to practice more because practice make you better. Yeah, it is good you using reading articles in the CEX and some brokers can be a help to you. Just look for a good broker a and person will direct you to enter the trading.


Title: Re: What should newbies do in trading?
Post by: gunhell16 on December 14, 2023, 08:37:48 AM
In this era, many newbie priests are stubborn. They rush into things they shouldn't. Yes, I felt the same feeling, but they must fight themselves to overcome it. Newbies don't rush to get a profit here in crypto trading. Make an effort to study crypto trading first.

It's not easy, as most newbies think it's easy. That's where you make mistakes, so in the end, the capital they use is easily lost because they think that the strategy they're using is right. Remember that no farmer plants rice seeds right away, but the first thing they do is till the land where they are going to plant the seeds. And when the seed is planted, it will take a few months to reap the harvest. The same is true in trading if you want to be a responsible trader.


Title: Re: What should newbies do in trading?
Post by: Volimack on December 14, 2023, 01:40:07 PM
As far as I am concerned new traders should learn about what trading is all about. It is not an easy task to do if you are not experienced about trading. As experienced traders have made a profit by trading they have to put in a lot of effort. They also did not learn everything in one day so newbies should come to trading after knowing all the rules and tricks of the trade. Take time to learn trade evaluate the market based on your own experience do not rush.


Title: Re: What should newbies do in trading?
Post by: Questat on December 14, 2023, 02:19:12 PM
As far as I am concerned new traders should learn about what trading is all about. It is not an easy task to do if you are not experienced about trading. As experienced traders have made a profit by trading they have to put in a lot of effort. They also did not learn everything in one day so newbies should come to trading after knowing all the rules and tricks of the trade. Take time to learn trade evaluate the market based on your own experience do not rush.
We can't expect a newbie will have a good and profitable trade but rather expect more on losses. However, I could understand that situation because they are still learning, and losing is a part of it and the things that would help us to understand what trading is all about.
Indeed, there is an evaluation in the end, and this time we could decide if we are able to push through or stop. Perhaps, there are a lot of things that a newbie must learn and one of them is to accept losses and the 2nd thing is they must adopt the market volatility.


Title: Re: What should newbies do in trading?
Post by: MFahad on December 14, 2023, 05:01:33 PM

It's not easy, as most newbies think it's easy. That's where you make mistakes, so in the end, the capital they use is easily lost because they think that the strategy they're using is right. Remember that no farmer plants rice seeds right away, but the first thing they do is till the land where they are going to plant the seeds. And when the seed is planted, it will take a few months to reap the harvest. The same is true in trading if you want to be a responsible trader.


​In the beginning of every business, no matter what, mistakes are always made by new people and these mistakes play an important role in improving the experience. Despite knowledge, experience and research about all these things practically one has to get into trading sometimes. In trading, we should never think that we will always make a profit. Profit and loss are everywhere but risk is high in trading.

A farmer is doing everything under a certain strategy, but still he should not ignore the risk of loss, because sometimes the farmers get less profit or loss. So in trading we always have to improve our strategy, but this does not mean that we will not lose in trading, but often even experienced traders may face losses. The most important thing is that we have to maximize our rate of return.


Title: Re: What should newbies do in trading?
Post by: kojektea on December 14, 2023, 05:17:46 PM
in trading you don't only need analysis and too much learning, in my opinion it's not very accurate, there are many important points that we have to know before we open an order, often look at the latest news from your favorite coins and look at the market situation, this is just my personal experience but it's enough effective for me, besides that, don't play with emotions, start small


Title: Re: What should newbies do in trading?
Post by: doomloop on December 14, 2023, 05:46:53 PM
You should learn to control your emotions. It doesnít matter if you are winning or losing. If you get carried away, if you get emotional because of your losing or winning position, you will make mistakes and your situation will get worse. Remember it can always get worse. And you can go below zero in some games. (Trading with margin) Reading books, articles are fine but you will learn the best if you make the trades yourself. And you will lose some money too eventually. No trader wins all of his bets. If you canít stomach losing then quit trading immediately and find a real job.
I think both theory and practice are important when it comes to trading. Theory because it teaches you almost everything, what trading is, how it's done, which platforms are used for it, what are candlesticks, how you can use indicators, how to buy or sell assets, and everything else that one can think of can be learned by reading or researching. Now, once everything is learned by theory, it needs to be followed by practice so that it gets engraved in the mind forever. As they say, practice makes a man perfect.

So, you are right that one will need to experience the things to learn how it's done, however, one doesn't need to start trading with all their capital right away, that's what people with no knowledge do, but when you are knowledgeable, you go in with a small amount first, practice your knowledge, gain some experience, and then get in with more confidence when you are ready.


Title: Re: What should newbies do in trading?
Post by: bitgolden on December 14, 2023, 06:45:49 PM
The very first thing newbies should worry about is stopping losing money. Now those who will express their opinions will say that not a single beginner can do without losses, and this will be true, but I am talking about avoiding constant losses, and not losses at the start.

Most traders, even those who are not beginners, stop trading because they lose very large sums of money, they end up losing more than they earned, even after many years of their activity, so advice for beginners can be extremely simple, if you are learning, then learn from very small money, if even in this case you do not learn how to earn money, then there is no point in trading with big money.
Even veterans make a lot of mistakes and lose money, so it is not really all that shocking that newbies would lose money as well, that's just how it is and should always stay very relevant to the problem as well. I understand that many people are dealing with situations that would take some time, but that doesn't mean that they should be comfortable with it neither, it is not going to be all that easy. I get that it may feel like it is normal for newbies to lose, but the biggest fear I have for a newbie would be actually making a profit.

Why would I fear that a newbie would make a profit? Well simply because if they do, they start to think that's how it will go and they will go in even deeper and make bigger mistakes and their eventual loss would be bigger. That's why starting your crypto trading adventure with a loss is better, it makes you stand on your toes and in defence, that would be a lot better and it would give you a greater profit later on when you are ready.


Title: Re: What should newbies do in trading?
Post by: Russlenat on December 14, 2023, 08:14:50 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Knowledge alone cannot guarantee trading profits, experience still matters the most. That's why even if you think that you know it all, you have understand a lot and you think trading will be now easier, but in reality trading is still hard without skills and strategies being mastered. You have to trade and experience losing at some point because that will motivate you to improve your trades, and never experience more profits than losses because for most of the newbies, losing is really inevitable.

This is why I don't encourage you to continue trading even if others will say just trade consistently. If you don't know what you're doing, it's better to just stop to avoid another losses and just study and learn more about trading before you decide to trade again.


Title: Re: What should newbies do in trading?
Post by: borovichok on December 14, 2023, 08:44:50 PM
in trading you don't only need analysis and too much learning, in my opinion it's not very accurate, there are many important points that we have to know before we open an order, often look at the latest news from your favorite coins and look at the market situation, this is just my personal experience but it's enough effective for me, besides that, don't play with emotions, start small
Starts small, it's good because there's a whole golden chance of earning big from the space. The market is vast, and we require every single piece of information for the purpose to transmit critical messages to the system. In trading, all you need is a consistent course that will help you succeed on your trading route. I realize it's never simple to adapt to a new system, but all one has to do is continuously trying to achieve the system's basic settings. Newcomers are inexperienced, and they require extensive improvement in all aspects of the industry in which they have found themselves.


Title: Re: What should newbies do in trading?
Post by: Mpamaegbu on December 15, 2023, 03:07:56 PM
in trading you don't only need analysis and too much learning, in my opinion it's not very accurate, there are many important points that we have to know before we open an order, often look at the latest news from your favorite coins and look at the market situation, this is just my personal experience but it's enough effective for me, besides that, don't play with emotions, start small
You're referring to FA Ė Fundamental Analysis, to ascertain what news is going on with whatever coin/token one wants to invest in before buying. Unfortunately, many people buy before doing the actual analysis. The simple reason being that most of us buy on FOMO. Once we get a heck of a project that's hyped would do whatever ROI we rush to grab at it before going back to read the White papers. This type of hastiness often leads to regret and loss of investment because most of such projects end up as shitty as they can be with little or no value at all.

Again, we can't emphasize enough of what ills lack of emotional control can do to a trader. The mastery and control of one's emotions is half way a solution to a trading problem.


Title: Re: What should newbies do in trading?
Post by: gabbie2010 on December 15, 2023, 03:12:24 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
It's good have enough knowledge in technical analysis therefore try to work on your trading strategy to ensure that it's a working strategy though there no holy grail in trading, however your trading strategy must have a good risk to reward ratio so you have to apply money management in your trading to become profitable in the long run and always plan your trade with a stop loss and take profit at the appropriate time thus avoid greediness in a bid to earn more profits, price movement are highly volatile a once profitable trade can reverse and ended up as a loss I have personally experience such scenario while trading thereafter blamed myself for not taking profit earlier and always trade with 2% to 5% of your total portfolio to minimize your risk.


Title: Re: What should newbies do in trading?
Post by: Kelvinid on December 15, 2023, 03:37:59 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
I assume that you already have all the knowledge and are ready to make real trading but never think that you can't lose anymore, don't underestimate the market. However, in your position, the chances of making a profit are quite high, yet you need more experience to improve. One that we need as a trader is to overcome fear and urge ourselves to be strong and remain calm. We need to stay positive despite losses and never give a chance to have negative thoughts for this will be the reason that will bring you down instead of pushing up.


Title: Re: What should newbies do in trading?
Post by: Inwestour on December 15, 2023, 04:35:35 PM
I assume that you already have all the knowledge and are ready to make real trading but never think that you can't lose anymore, don't underestimate the market. However, in your position, the chances of making a profit are quite high, yet you need more experience to improve. One that we need as a trader is to overcome fear and urge ourselves to be strong and remain calm. We need to stay positive despite losses and never give a chance to have negative thoughts for this will be the reason that will bring you down instead of pushing up.
Maintaining a positive attitude when you lose money is not easy, but I think that this is not main quality that a trader needs to trade successfully. It is more important to remain calm than to be positive, and in general follow a number of rules to avoid large losses. And there will always be small losses, but the most important thing for a beginner is to understand whether he can make money in trading or not, so that it does not become a waste of time and money.


Title: Re: What should newbies do in trading?
Post by: Bushdark on December 15, 2023, 06:51:58 PM
in trading you don't only need analysis and too much learning, in my opinion it's not very accurate, there are many important points that we have to know before we open an order, often look at the latest news from your favorite coins and look at the market situation, this is just my personal experience but it's enough effective for me, besides that, don't play with emotions, start small
If we are newbies and we want to be making consistent profits from the market everytime, then we need to be ready to learn to trade in a profitable manner in the market. This is a stage where what we had learnt so far might not be working for us as traders.
It is very important for us to keep adjusting our trades so we can become experts with time. The great traders that we are seeing mow that had been making consistent profits from the market are those that were able to learn and keep learning when they started trading.


Title: Re: What should newbies do in trading?
Post by: tygeade on December 17, 2023, 06:11:23 AM
As far as I am concerned new traders should learn about what trading is all about. It is not an easy task to do if you are not experienced about trading. As experienced traders have made a profit by trading they have to put in a lot of effort. They also did not learn everything in one day so newbies should come to trading after knowing all the rules and tricks of the trade. Take time to learn trade evaluate the market based on your own experience do not rush.
We can't expect a newbie will have a good and profitable trade but rather expect more on losses. However, I could understand that situation because they are still learning, and losing is a part of it and the things that would help us to understand what trading is all about.
Indeed, there is an evaluation in the end, and this time we could decide if we are able to push through or stop. Perhaps, there are a lot of things that a newbie must learn and one of them is to accept losses and the 2nd thing is they must adopt the market volatility.
Losing is definitely a big part of learning process, you can't learn how to be a great trader without losing a bit first, many people becomes a good trader by first losing a lot of money, there is nothing else that you can do. No human on earth started trading, earned a lot of money at the start, and then just kept on making huge profits later on, that's not how it works, sure you may get lucky at the start a bit, but if you are not good eventually you will lose it.

In the end, we need to make sure that life is simple and we do not push it too hard and just learn trading by accepting the loss at the start, that's just how it could be. I know that we can't make much of it, but we need to make sure that things aren't that difficult neither, so keep on learning more and more to get better. The more you learn about trading and the more you trade to gain experience, the more profit you are going to start to make and eventually you will be a good trader that makes profit most of the time.


Title: Re: What should newbies do in trading?
Post by: |MINER| on December 17, 2023, 06:39:35 AM
Very sad. Why did you invest so much money without knowing well about trading?  Learning to trade takes a lot of time.  It is not possible to conceptualize it so easily. You need to get more detailed idea about it.  And don't be disappointed.  You have to trade by understanding the market conditions.  Once you understand the ups and downs of the market, you will never face losses again.


Title: Re: What should newbies do in trading?
Post by: Baki202 on December 17, 2023, 12:23:56 PM
Very sad. Why did you invest so much money without knowing well about trading?  Learning to trade takes a lot of time.  It is not possible to conceptualize it so easily. You need to get more detailed idea about it.  And don't be disappointed.  You have to trade by understanding the market conditions.  Once you understand the ups and downs of the market, you will never face losses again.
You see many people flaunting their wealth while you make a lot of money trading, and at the same time, there's a chance you could lose everything. Depending on how you approach trading, it will either make you happy or unhappy. It's not enough to just hear about trading and jump in without knowing the crucial steps to take; there are some steps that, if you follow, will be very helpful if you're just starting. Research is also always a good idea to do before starting something, and this is important. It will be quite simple to adapt to the market conditions once one has a thorough comprehension of them.


Title: Re: What should newbies do in trading?
Post by: Fuso.hp on December 17, 2023, 12:47:54 PM
You started trading with $120, from here you lost $90, the remaining balance in your account is now $30. After reading this much I want to know, did you sell your coins at such a huge loss or do you still keep your coins in your wallet? If you have sold your coins then you must re-plan your trading but if you have not sold your coins then I think you should wait for some time because since you have lost a lot the market will recover a bit. I think unless you are doing futures trading, your coin should have halved in value to lose that much money. If you are doing future trading in the beginning then I would say it was a wrong decision for you because at first future trading is very risky for a trader and it is better not to engage in this future trading in the beginning. If you want to start trading anew, try to learn about trading again and get enough ideas. 
After gaining enough knowledge you can start your trading journey again with spot trading.


Title: Re: What should newbies do in trading?
Post by: wxa7115 on December 19, 2023, 06:07:04 AM
Very sad. Why did you invest so much money without knowing well about trading?  Learning to trade takes a lot of time.  It is not possible to conceptualize it so easily. You need to get more detailed idea about it.  And don't be disappointed.  You have to trade by understanding the market conditions.  Once you understand the ups and downs of the market, you will never face losses again.
You see many people flaunting their wealth while you make a lot of money trading, and at the same time, there's a chance you could lose everything. Depending on how you approach trading, it will either make you happy or unhappy. It's not enough to just hear about trading and jump in without knowing the crucial steps to take; there are some steps that, if you follow, will be very helpful if you're just starting. Research is also always a good idea to do before starting something, and this is important. It will be quite simple to adapt to the market conditions once one has a thorough comprehension of them.
And the time needed to gain that comprehension is not short, new traders seem to think they can learn everything they need to know in a single day and this is not possible, trading like anything that is worth something in this life, requires that you make the commitment to learn it to heart.

And anyone that only has a superficial knowledge about trading will suffer because of it, and then they will wonder why they did not took the time to actually learn how to trade, but at that time there will be nothing they will be able to do to recover the money they have lost already.


Title: Re: What should newbies do in trading?
Post by: cafter on December 19, 2023, 06:41:50 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.

It's clear that you are new to trading and first you lost $90 and made $34 from "$20" which is possible if you had used high leverage on that $20 trade, (do not use high leverage it will eat your bankroll quickly)
and after reading your post you seems to make money easily without taking much efforts and learning the hard way, which is not possible in any field. being successful at anything take years worth of time and efforts.
there is nothing that will earn you money without taking efforts, so quite the idea of earning easy money and work hard on something,
It may be something else or trading, give trading time and start with small amount which you can afford to lose and your emotions will not take control of you by seeing your bankroll going down and up.
do not see live trades, it will cause your to close the trade or open too many trades more frequently, which will make you lose more.


Title: Re: What should newbies do in trading?
Post by: irhact on December 19, 2023, 04:47:22 PM
It is very important for us to keep adjusting our trades so we can become experts with time. The great traders that we are seeing mow that had been making consistent profits from the market are those that were able to learn and keep learning when they started trading.

You can't stop learning as a trader, the market is constantly changing therefore you need to keep yourself up to date with the movement of the market. All the traders that refusesd to upgrade their knowledge on trading turn to losers as the market will always make them to lose all their money. You need to update your trading strategy as the ones you're using mightn't be very current when the futures comes. Knowing how to trade is just the start as you also have to learn to trade and make profits.

Newbies need to not be in a rush to learn trading to make money, newbies need to learn gradually all the steps that you have to understand to make profits from trading. Starting from been able to read and understand the charts before you start trading is important and all newbies that want to become professional traders need to know how to do this. Many individuals just want to make profits from the market but don't what to learn how to interpret charts.


Title: Re: What should newbies do in trading?
Post by: Nrcewker on December 19, 2023, 04:56:44 PM
Newbies should at first observe the market. Donít rush and deposit huge money in the trading account. Instead go for a demo account and try to trade there. See tutorials and basics of trading from the internet and practice it in the demo account. Once you feel confident and see good results, use those tactics with the real trading account. You will get better in trading as you gain more experience. Itís alright to lose money at the start, it will help you to make strong while trading now.
Using demo account might be a good start for newbies to learn how to trade without the risk of using real money. The intention here is that you will be exposed to the real scenario in trading, and what could be the possible strategies that will work for you so you can manage the risks when you are already trading in live. Although demo trading account may not guarantee your real success in live trading, but it will be a big help as well so you can practice trading without the risk of losing money.

Exactly Demo account is only for gaining experience. I have seen people advising that do lot of trades with real money and itís alright if you lose few initial trades. I mean why there is need to gain experience with real money, when you have option for demo account. Many new traders arenít also aware of this demo trading thing. Another way a newbie can make good profit, if he or she doesnít greed for more profits. Set smaller targets and once it fulfils, just exit the market.


Title: Re: What should newbies do in trading?
Post by: wxa7115 on December 27, 2023, 08:43:04 AM
Exactly Demo account is only for gaining experience. I have seen people advising that do lot of trades with real money and itís alright if you lose few initial trades. I mean why there is need to gain experience with real money, when you have option for demo account. Many new traders arenít also aware of this demo trading thing. Another way a newbie can make good profit, if he or she doesnít greed for more profits. Set smaller targets and once it fulfils, just exit the market.
Some traders feel that demo accounts do not give you the full trading experience and this is why they disregard them, and while they may have a point when it comes to the emotions you may feel when you trade with real money, since there is no way for a demo account to help you to simulate those feelings.

There is no doubt in my mind that demo accounts have their place as they allow you to familiarize yourself with the trading platform you are using, and at the same time you can test your strategy knowing that no matter what happens you will not lose any money while testing it, and this is a huge advantage over regular accounts in which you will need to use your money to find out if your strategy works or not.


Title: Re: What should newbies do in trading?
Post by: death69 on December 27, 2023, 03:26:54 PM
Exactly Demo account is only for gaining experience. I have seen people advising that do lot of trades with real money and itís alright if you lose few initial trades. I mean why there is need to gain experience with real money, when you have option for demo account. Many new traders arenít also aware of this demo trading thing. Another way a newbie can make good profit, if he or she doesnít greed for more profits. Set smaller targets and once it fulfils, just exit the market.
Some traders feel that demo accounts do not give you the full trading experience and this is why they disregard them, and while they may have a point when it comes to the emotions you may feel when you trade with real money, since there is no way for a demo account to help you to simulate those feelings.

There is no doubt in my mind that demo accounts have their place as they allow you to familiarize yourself with the trading platform you are using, and at the same time you can test your strategy knowing that no matter what happens you will not lose any money while testing it, and this is a huge advantage over regular accounts in which you will need to use your money to find out if your strategy works or not.
Demo accounts are useful. They lack the emotions and tension of real-money trading. Yet, isn't this absence an opportunity? Traders can focus on strategy without emotional biases. Like a simulation, it lets you experiment, learn, and improve. Moving from demo to actual trading is crucial. Risk is added by this change. Risk adds complexity that a demo account cannot. Tough commercial conditions meet theoretical knowledge in this crucible. Both plaftorms are useful. Demo accounts enable experimentation and learning. The final test for tactics, durability, and flexibility is real trading. Use each for its original purpose and transition deliberately, acknowledging the distinctions and challenges.


Title: Re: What should newbies do in trading?
Post by: adpinbr on March 08, 2024, 07:59:07 PM
I donít just really know much to see about this to you, but my advice is continue whatever youíre doing ask questions, read, book, analyze use some pastry to judge your present and donít be scared to take the risk continue what you are doing. I believe you should know the right thing to do after reading the books and following the Trading trends and also remember to go into CoinMarketCap and see how everything is going down and try to come into the forum anytime you have challenge and donít be scared to take ricks. Secondly, be Patient on what you are doing concerning Trading donít ever be greedy. Focus read continue donít stop whatever youíre doing ask questions you before concluding.


Title: Re: What should newbies do in trading?
Post by: boty on March 09, 2024, 01:05:11 PM
I donít just really know much to see about this to you, but my advice is continue whatever youíre doing ask questions, read, book, analyze use some pastry to judge your present and donít be scared to take the risk continue what you are doing. I believe you should know the right thing to do after reading the books and following the Trading trends and also remember to go into CoinMarketCap and see how everything is going down and try to come into the forum anytime you have challenge and donít be scared to take ricks. Secondly, be Patient on what you are doing concerning Trading donít ever be greedy. Focus read continue donít stop whatever youíre doing ask questions you before concluding.
For those who are just starting out in trading, of course they have to ask those who already have a lot of experience in trading and they also have to be prepared for the risks they will face in trading and continue to seek various knowledge from the media and also books regarding trading and also we have to be patient. with the process we go through from this learning, of course we will be able to get good results.


Title: Re: What should newbies do in trading?
Post by: shawonngp on March 09, 2024, 02:16:15 PM
Exactly Demo account is only for gaining experience. I have seen people advising that do lot of trades with real money and itís alright if you lose few initial trades. I mean why there is need to gain experience with real money, when you have option for demo account. Many new traders arenít also aware of this demo trading thing. Another way a newbie can make good profit, if he or she doesnít greed for more profits. Set smaller targets and once it fulfils, just exit the market.
Some traders feel that demo accounts do not give you the full trading experience and this is why they disregard them, and while they may have a point when it comes to the emotions you may feel when you trade with real money, since there is no way for a demo account to help you to simulate those feelings.

There is no doubt in my mind that demo accounts have their place as they allow you to familiarize yourself with the trading platform you are using, and at the same time you can test your strategy knowing that no matter what happens you will not lose any money while testing it, and this is a huge advantage over regular accounts in which you will need to use your money to find out if your strategy works or not.
Before start my trading in real account, everyone suggested to me must should be practice in demo account then i have to learn trading following demo account but i was started in real account in small capital, but i can't deny demo account is very helpful to feel in real trading and it's helps how to control emotion and greed.


Title: Re: What should newbies do in trading?
Post by: Ben Barubal on March 09, 2024, 09:39:58 PM
Trade with the amount of money you are capable of losing. The kind of money that will not give you emotion.

If I earn $250 weekly. I can decide to trade with 5% which I can afford to lose. That means I will accumulate 5% of it weekly and try to make profit.

That is $12.5 weekly.

Try not to lose but continue to accumulate. I mean no to much risk trading. But if you lose more, stop trading after many months of losing. If you gain, continue to gain and accumulate.

     Nice! I like what you said, and it looks like you've been doing it so far, right? And honestly speaking, I would like to imitate what you suggested. Because it will be quite helpful for what I see as a gambler as well as for other gamblers in casinos.

     With this habit, we will somehow be responsible as gamblers on any casino platform, for sure. Of course, once the limit amount is used up, we have no choice but to stop.
I hope some of the gamblers community here in this section will read this suggestion of yours too like me.


Title: Re: What should newbies do in trading?
Post by: stadus on March 09, 2024, 09:42:36 PM
I donít just really know much to see about this to you, but my advice is continue whatever youíre doing ask questions, read, book, analyze use some pastry to judge your present and donít be scared to take the risk continue what you are doing. I believe you should know the right thing to do after reading the books and following the Trading trends and also remember to go into CoinMarketCap and see how everything is going down and try to come into the forum anytime you have challenge and donít be scared to take ricks. Secondly, be Patient on what you are doing concerning Trading donít ever be greedy. Focus read continue donít stop whatever youíre doing ask questions you before concluding.
My advice is, focus first on growing your knowledge in trading. Never trade if you are still not confident with your trading results. Although consistent trading will improve your experience in trading, but if itís always a consistent loss, then I donít think itís helping you anymore. Even if you say you trade on the amount you can afford to lose, but losing a small amount will eventually lead into a huge one once your trading mistakes and losses will not be controlled.

Newbies in the first place are not advisable to trade. Instead, focus on buying and hodling first, and when youíve gained positive outcome from it, then perhaps you can start taking a bigger risk like trading.


Title: Re: What should newbies do in trading?
Post by: ScamViruS on March 09, 2024, 09:50:19 PM
Before start my trading in real account, everyone suggested to me must should be practice in demo account then i have to learn trading following demo account but i was started in real account in small capital, but i can't deny demo account is very helpful to feel in real trading and it's helps how to control emotion and greed.
If you practice trading in demo account you will get an idea how the market works, yes it's true if a trader trades in demo account then emotions don't work like in real account because real money is not involved. But if a trader trades seriously in a demo account, then his trading skills must increase and if he can implement it properly in a real account, he can get good results.

And this is why you are advised to do demo trading before starting trading. Greed and emotions are very important in trading, those who can gain experience in controlling these things can do well in trading, and for that demo trading is very important to understand the market.


Title: Re: What should newbies do in trading?
Post by: Kelward on March 13, 2024, 10:19:28 AM


Try not to lose but continue to accumulate. I mean no to much risk trading. But if you lose more, stop trading after many months of losing. If you gain, continue to gain and accumulate.

Trading is hard and not a get rich quick scheme, a trader needs to have a source of income to fund the trading, and as advised to trade with amount that they can afford to loose, to minimize loses, and if they continue to experience loses over a period of time, it'll be best to take a break from trading. A newbie that's continuously losing should stop trading, take a long break as you said and restrategize, then come back, if it continues then perhaps trading is not for him, he can convert to become an investor, and hodle reputable coins/tokens.


Title: Re: What should newbies do in trading?
Post by: Finestream on March 13, 2024, 11:24:51 AM
I donít just really know much to see about this to you, but my advice is continue whatever youíre doing ask questions, read, book, analyze use some pastry to judge your present and donít be scared to take the risk continue what you are doing. I believe you should know the right thing to do after reading the books and following the Trading trends and also remember to go into CoinMarketCap and see how everything is going down and try to come into the forum anytime you have challenge and donít be scared to take ricks. Secondly, be Patient on what you are doing concerning Trading donít ever be greedy. Focus read continue donít stop whatever youíre doing ask questions you before concluding.
These are the basics that a trader should learn prior to trading. Donít force yourself trying to pursue trading when you know your knowledge and skills arenít good enough. You know, it takes time to learn and gain, so just enjoy every step you do and never get pressured just because others are profiting while you are still losing and still in the learning process.

Trade when you think youíre capable to trade, and trade not mainly to win and make profits but trade to gain more experience in trading. I believe in time you will come to master your trading strategy, it just takes more patience and consistency with what you are passionately doing.


Title: Re: What should newbies do in trading?
Post by: batang_bitcoin on March 13, 2024, 11:41:28 AM
And this is why you are advised to do demo trading before starting trading. Greed and emotions are very important in trading, those who can gain experience in controlling these things can do well in trading, and for that demo trading is very important to understand the market.
While there really is no emotion using demo trading, it's advisable for those that are trying to test some strategies. When you're not yet sure if your trading skills are going to be worth it, it's best to try and get into demo trading first doing some back test before you wholly commit with your actual plan and money that's ready to get into it. But if you're brave enough ready to lose with your potential capital, you can skip that part as long as you are trading with an amount that you afford to lose.


Title: Re: What should newbies do in trading?
Post by: ScamViruS on March 13, 2024, 11:31:12 PM
And this is why you are advised to do demo trading before starting trading. Greed and emotions are very important in trading, those who can gain experience in controlling these things can do well in trading, and for that demo trading is very important to understand the market.
While there really is no emotion using demo trading, it's advisable for those that are trying to test some strategies. When you're not yet sure if your trading skills are going to be worth it, it's best to try and get into demo trading first doing some back test before you wholly commit with your actual plan and money that's ready to get into it. But if you're brave enough ready to lose with your potential capital, you can skip that part as long as you are trading with an amount that you afford to lose.
Demo trading gives an idea of ​​the market to the trader to know how the market works, because new traders have no idea about the market how the market works and how to manage everything. Any trader starts their trading life with losses, because they are not ready to gain enough knowledge and are not much interested in demo trading, which makes them see losses after starting trading.

Demo trading can give a trader complete knowledge of the live market but cannot give the same emotions as a real account, because there is no real money in a demo account and there is much less emotion than a real account. And controlling emotions is the most important thing in trading. So demo trading is important to get a better understanding of many trading methods.


Title: Re: What should newbies do in trading?
Post by: gabbie2010 on March 13, 2024, 11:42:27 PM
I donít just really know much to see about this to you, but my advice is continue whatever youíre doing ask questions, read, book, analyze use some pastry to judge your present and donít be scared to take the risk continue what you are doing. I believe you should know the right thing to do after reading the books and following the Trading trends and also remember to go into CoinMarketCap and see how everything is going down and try to come into the forum anytime you have challenge and donít be scared to take ricks. Secondly, be Patient on what you are doing concerning Trading donít ever be greedy. Focus read continue donít stop whatever youíre doing ask questions you before concluding.
Honestly it takes a lot of effort and determination for a newbie trader to scale through in trading, even after reading books, following the market etc yet a lot of them still lose or get liquidated because live trading experience is a different ball game because they have to deal with psychology and emotions in trading this is based from my own personal experience at this point many quit trading after streak of losses, however all those challenges are surmountable if such a trader remain steadfast and persevere definitely they can later become profitable after gaining some vital experience though absolutely it's not easy to get to that level as a newbie but they just have to  believe in themselves.


Title: Re: What should newbies do in trading?
Post by: Tigerheart3026 on March 14, 2024, 09:10:20 AM
you lost money already in several times i will advise to you don't trade with big amount which will not be affordable to you, secondly still you are a newbie in trading so you should not take big risk, if you bought a coin then see your balance is going negative when you try to wait for recovery don't sell your coins in low price.


Title: Re: What should newbies do in trading?
Post by: Uruhara on March 14, 2024, 09:41:49 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Maybe you already understand the various insights needed in trading theoretically at that time. But you forget that the real insight will come from your own experience in the market. For example, controlling emotions in trading cannot be done just by understanding the theory in books about this matter. But understanding emotional control in trading can only be done after we experience it directly in the trading itself on the market. You only need to make observations and evaluations for each of your activities in the market. With this you will find out where your mistake lies.


Title: Re: What should newbies do in trading?
Post by: Taskford on March 14, 2024, 10:17:20 AM
I donít just really know much to see about this to you, but my advice is continue whatever youíre doing ask questions, read, book, analyze use some pastry to judge your present and donít be scared to take the risk continue what you are doing. I believe you should know the right thing to do after reading the books and following the Trading trends and also remember to go into CoinMarketCap and see how everything is going down and try to come into the forum anytime you have challenge and donít be scared to take ricks. Secondly, be Patient on what you are doing concerning Trading donít ever be greedy. Focus read continue donít stop whatever youíre doing ask questions you before concluding.
Honestly it takes a lot of effort and determination for a newbie trader to scale through in trading, even after reading books, following the market etc yet a lot of them still lose or get liquidated because live trading experience is a different ball game because they have to deal with psychology and emotions in trading this is based from my own personal experience at this point many quit trading after streak of losses, however all those challenges are surmountable if such a trader remain steadfast and persevere definitely they can later become profitable after gaining some vital experience though absolutely it's not easy to get to that level as a newbie but they just have to  believe in themselves.

If they don't trade then how they can gather experience? So its really need a lot of determination and effort so that they can see the best result on their trading career.

There's a lot source of information they can grab online that can help them and they just need to be consistent on their information seeking plus trying to earn some good experience on the market before they can see the best result of a lot of efforts they have done.

Path thru learning and becoming a expert on this field is really though it need a lot of patience and determination before they can earn a lot of success on their future trades they made.


Title: Re: What should newbies do in trading?
Post by: judamm on March 14, 2024, 11:45:56 AM
While a $20 gain on a $34 position is a positive step, it's understandable to feel stuck. Here are some ideas to consider:

Focus on Paper Trading: While live markets give a real-world feel, paper trading allows you to practice strategies and refine your skills without risking real money. This can help manage emotions and build confidence.
Review Your Losses: Analyze past trades that resulted in losses. Did you stick to your plan? Was your risk management on point? Learning from mistakes is crucial for improvement.
Refine Your Strategy: Maybe your current approach needs tweaking. Research different strategies and see if any resonate with you. Remember, the "holy grail" strategy doesn't exist, so focus on what works for you.
Seek a Mentor (Optional): Consider connecting with a more experienced trader who can offer personalized guidance. Look for someone with a proven track record and a teaching style that suits you.
Remember: Trading success takes time and discipline. Don't get discouraged by setbacks. Keep learning, practice diligently, and manage your risk wisely. Good luck!


Title: Re: What should newbies do in trading?
Post by: Vinaa77 on March 14, 2024, 04:47:29 PM
Maybe you already understand the various insights needed in trading theoretically at that time. But you forget that the real insight will come from your own experience in the market. For example, controlling emotions in trading cannot be done just by understanding the theory in books about this matter. But understanding emotional control in trading can only be done after we experience it directly in the trading itself on the market. You only need to make observations and evaluations for each of your activities in the market. With this you will find out where your mistake lies.
Yes, by having a lot of theoretical knowledge about trading and having never tried trading, of course we cannot yet know to what extent we have mastered how to trade and the theory that we understand when trading will certainly have challenges that we have never experienced in theory, so we We have to think about how to solve it so that we don't experience losses in the trading that we do, but after we have experience in trading, of course we will be able to trade to be able to earn income in trading so that we have a profit in the trading that we do.


Title: Re: What should newbies do in trading?
Post by: Sorryfor on March 14, 2024, 05:04:56 PM
You mentioned you have already lost your value by trading and suffered a loss. But it's not that you don't know about trade but you have acquired knowledge about trade as much as you can and traded but you could not profit. In this case I think the amount of money you have left is the money you should try to gain knowledge about investing first rather than trading now and plan to invest in the future. Because if you invest your money and hold it, the chances of making profit from it are much higher than trading. Also you should do more research on the trade and try to be around more skilled people And you can start trading again with the amount of money you will get profit from the invested money.


Title: Re: What should newbies do in trading?
Post by: Asiska02 on March 14, 2024, 05:18:05 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology.

All what youíve mentioned is not enough to certify yourself as a trader. If youíve learn all this things and youíre sure that you can control them while trading, youíre about becoming a better trader which will eventually continue in that manner until you become better than yesterday and win more that you use to than before. No one is a perfect trader or being, youíll eventually encounter losses not because youíre not good at trading but because you cannot be always right and the market can be tricky at you without knowing. Just make sure you donít stop trading and know how to manage your risk while trading.

Keep yourself focus, use small leverage to minimize loss so that you can come back tomorrow to continue learning. As you continue in that manner, youíll learn new things daily and become better as time goes on. When you stop, it means youíve giving up and you can never understand the basis of trading. Just make sure you invest what you can afford to lose. Losing is constant in trading just like profit is also constant when youíve mastered the art of trading.

Quote
But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

Demo trading is basically for learning how to trade, it does not deal with emotions while emotions plays one of the vital role to become a good trader once you begin to trade using real account. You donít trade when youíre in too much excitement and you donít also trade when youíre angry. Only trade when youíre in your normal mood to be able to analyze the market using your fundamental and technical knowledge about the market. If you give up now, youíre at a dead end but since you havenít yet; try and manage your risk to remain in the business of trading while allocating only money you can afford to lose into trading.


Title: Re: What should newbies do in trading?
Post by: bettercrypto on March 14, 2024, 06:04:55 PM
Maybe in your case scenario, you should never stop since you have started learning trading. Then try to start with a small amount of trading first. Then the timeframe that you should use first is the 1 hour or 4 hour timeframe. Because if it's low there, it will be a bit difficult.

Or it's also possible that while you're just learning trading first, you only have to do a 1-day timeframe to continue your exploration of learning about trading. Don't give up; just continue to learn until you learn something new about it, and once you have it, then continue to learn more.


Title: Re: What should newbies do in trading?
Post by: ShowOff on March 14, 2024, 09:15:35 PM
Try not to lose but continue to accumulate. I mean no to much risk trading. But if you lose more, stop trading after many months of losing. If you gain, continue to gain and accumulate.
Trading is hard and not a get rich quick scheme, a trader needs to have a source of income to fund the trading, and as advised to trade with amount that they can afford to loose, to minimize loses, and if they continue to experience loses over a period of time, it'll be best to take a break from trading. A newbie that's continuously losing should stop trading, take a long break as you said and restrategize, then come back, if it continues then perhaps trading is not for him, he can convert to become an investor, and hodle reputable coins/tokens.

I don't know if any trader would consistently lose money if he or she actually learned from previous mistakes. It's somewhat impossible for me to find them continuing to lose money on trades if they really learn, but greed will sometimes make it difficult for them to grow. Of course trading is not a get rich quick scheme, but many traders have that mindset especially when they are beginners.

Losses in trading are an inseparable part, but there are always strategies to minimize losses. Traders must avoid greed in each trading session, meaning there are times they have to take profit and times they have to exit with losses. But if trading isn't a good fit for them, then I agree long term investing in coins is potentially a wise choice.


Title: Re: What should newbies do in trading?
Post by: nurilham on March 14, 2024, 09:48:04 PM
For those who are just starting out in trading, of course they have to ask those who already have a lot of experience in trading and they also have to be prepared for the risks they will face in trading and continue to seek various knowledge from the media and also books regarding trading and also we have to be patient. with the process we go through from this learning, of course we will be able to get good results.
It is not a must to ask people who have experience in trading. We can learn it from articles or videos. I also do this, I learn by myself. Nowadays, we have a lot of sources to improve our knowledge in trading. If we want to have a trial, we can use demo account. So, it is okay to learn ourselves if there are no experienced traders that we can trust around us.

Sure, we must be patient in learning knowledge about trading. It must take time and won't be so easy. Sometimes, we have some obstacles because of our busy activities in real life or we begin trading but get bad results. There is no easy way to succeed, we must deal with obstacles and challenges.

Before start my trading in real account, everyone suggested to me must should be practice in demo account then i have to learn trading following demo account but i was started in real account in small capital, but i can't deny demo account is very helpful to feel in real trading and it's helps how to control emotion and greed.
Demo account can be very helpful if we are still not brave to do real trading. But it is just an optional. There are some people who want to try on real trading. This is also okay as long as we use small money only.



Title: Re: What should newbies do in trading?
Post by: milewilda on March 14, 2024, 09:51:01 PM
Try not to lose but continue to accumulate. I mean no to much risk trading. But if you lose more, stop trading after many months of losing. If you gain, continue to gain and accumulate.
Trading is hard and not a get rich quick scheme, a trader needs to have a source of income to fund the trading, and as advised to trade with amount that they can afford to loose, to minimize loses, and if they continue to experience loses over a period of time, it'll be best to take a break from trading. A newbie that's continuously losing should stop trading, take a long break as you said and restrategize, then come back, if it continues then perhaps trading is not for him, he can convert to become an investor, and hodle reputable coins/tokens.

I don't know if any trader would consistently lose money if he or she actually learned from previous mistakes. It's somewhat impossible for me to find them continuing to lose money on trades if they really learn, but greed will sometimes make it difficult for them to grow. Of course trading is not a get rich quick scheme, but many traders have that mindset especially when they are beginners.

Losses in trading are an inseparable part, but there are always strategies to minimize losses. Traders must avoid greed in each trading session, meaning there are times they have to take profit and times they have to exit with losses. But if trading isn't a good fit for them, then I agree long term investing in coins is potentially a wise choice.
Learning could really be acquired or could really be that gained on actual experiences on which this is something that will really be that just depending on a certain individual on which we know that there are ones who would really be that mindful about those mistakes and errors on which they do learn from it and applying it into their next trades. Whereas, there are still those individuals who would really be that not mindful or simply
doesnt care about into their loses and would continue to trade despite of those errors and not minding on learning it. You would really be able to soon realize on the things on what you should or must do because you wont really be tending to make yourself that not caring just because you do still have the money.

Learning is really that something that there's no end line of it. This is why it would be always wise that whenever you do face up those difficulties or errors then it would be better that
you should always learn from it. Apply it into your next trades until the other.


Title: Re: What should newbies do in trading?
Post by: 2Pizza410000BTC on March 14, 2024, 11:53:13 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
All traders new to trading and veterans should follow the same strategy. You lost $90 out of $120 because of your mistake. It is always better to buy from the dip while trading. You may have bought from a market which results in a lot of losses if the market goes down further. If you can get enough knowledge about trading then that is good for you but watching videos from youtube will help you more if you can try yourself but always remember don't be greedy in trading platform if you are greedy. Then you will not be successful no matter how much experience you gain in the trading platform.


Title: Re: What should newbies do in trading?
Post by: Volimack on March 15, 2024, 05:55:38 AM
you lost money already in several times i will advise to you don't trade with big amount which will not be affordable to you, secondly still you are a newbie in trading so you should not take big risk, if you bought a coin then see your balance is going negative when you try to wait for recovery don't sell your coins in low price.
Many people think that trading is more profitable but due to the possibility of some risk with it you have to face losses at times. If you are new to trading you should not give large amount. New side has very little experience about the market. Trading with high volume will lead to greed. In order to become a successful trader one must learn to overcome greed and control it.


Title: Re: What should newbies do in trading?
Post by: Baki202 on March 15, 2024, 12:09:56 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
It Good that you did not give up despite losing 90 out of 120 i lot of people would have sold everything and conclude that they are no longer interested. Just noticed that most if this exchanges have academy that can put you through in what ever you want to learn the basics starts from there. And understanding enough is wrong because if you understand everything then you won't lose any money but as it is even professionals lose money so their are days that your analysis can fail you. Despite trading looking easy it is not easy at all. There is no way you won't lose money but I think their things you are missing out because you can not be losing money like that and since you have your emotions worked on. Then given up is pointless.

All traders new to trading and veterans should follow the same strategy. You lost $90 out of $120 because of your mistake. It is always better to buy from the dip while trading. You may have bought from a market which results in a lot of losses if the market goes down further. If you can get enough knowledge about trading then that is good for you but watching videos from youtube will help you more if you can try yourself but always remember don't be greedy in trading platform if you are greedy. Then you will not be successful no matter how much experience you gain in the trading platform.
Exactly what I was saying if the measures of safety have been put in place then it will be difficult for to just lose 90 dollar. For just one trade if that how people lose money while trading. People would have avoided it. Loosing that amount of money is the person fault and if he wants to continue he should take responsibility for his actions. From yesterday the price was done its a perfect opportunity to buy then trade from their. Looks as if the trading was on a zero knowledge and that might be the reason for the lose. Any were he wants to learn is good but understanding is what is important. As a trader making sure you are on the right path is something that should drive you always.


Title: Re: What should newbies do in trading?
Post by: cryptoWODL on March 15, 2024, 01:39:11 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Since you first started your trade with $120, you have lost $90, which means you only have $30 left. The coin you traded in may have bought the coin at a high price but should actually buy the coin to trade when the price of the coin is in the dip. If you don't want to lose your remaining money then you should refrain from trading. As per your post it seems that you have suffered loss so now you don't need to trade continuously. Trade with the amount of money you can afford to lose. We all may think that trading is actually an easy thing but in reality it is not, trading is actually very difficult and risky. If you want to do trading then you must first study the basics of trading and other things related to trading so that you become experienced in trading.

The more a person understands about trading, the better he will become at trading. A person who is skilled in trading has the highest chance of profiting from losses if he trades in any coin.


Title: Re: What should newbies do in trading?
Post by: Peanutswar on March 15, 2024, 02:17:43 PM
you lost money already in several times i will advise to you don't trade with big amount which will not be affordable to you, secondly still you are a newbie in trading so you should not take big risk, if you bought a coin then see your balance is going negative when you try to wait for recovery don't sell your coins in low price.
Many people think that trading is more profitable but due to the possibility of some risk with it you have to face losses at times. If you are new to trading you should not give large amount. New side has very little experience about the market. Trading with high volume will lead to greed. In order to become a successful trader one must learn to overcome greed and control it.

Newbie traders get encouraged by the other traders who earn a large amount of money and of course, if you are a beginner it is quite hard to understand where to start, because you don't have a guide so you must need to invest first with the knowledge, what are the fundamentals, what are the basics, strategies and techniques. If you are still quite afraid to make an investment paper trading is one of the best training grounds but sometimes you are still quite confident because it's just not real money, no risk at all just knowledge, so some newbies willing to risk their small funds to test out their acquired skills if it's effective or not. Keep learning trading is a continuous learning to lessen the risk and increase the profit gains.


Title: Re: What should newbies do in trading?
Post by: YOSHIE on March 15, 2024, 03:41:04 PM
What should newbies do in trading?
Trading crypto is not the same as trading buying and selling real goods, the process of becoming a crypto trader is long, first we have to understand especially about the crypto we want to trade, master market developments, be smart in analysis and have the ability to calculate where to start buying and selling.

Crypto trading needs real guidance and direction, by those who are experts in trading, it is important as a beginner to avoid real losses, in essence: learn to trade from experts, not on links on the internet and do it according to your needs, don't trade beyond your limits.


Title: Re: What should newbies do in trading?
Post by: beerlover on March 15, 2024, 04:28:53 PM
And this is why you are advised to do demo trading before starting trading. Greed and emotions are very important in trading, those who can gain experience in controlling these things can do well in trading, and for that demo trading is very important to understand the market.
While there really is no emotion using demo trading, it's advisable for those that are trying to test some strategies. When you're not yet sure if your trading skills are going to be worth it, it's best to try and get into demo trading first doing some back test before you wholly commit with your actual plan and money that's ready to get into it. But if you're brave enough ready to lose with your potential capital, you can skip that part as long as you are trading with an amount that you afford to lose.
I think that is the point of trading at demo accounts, you do not accept any success there as something awesome but you do at least accept failure there as terrible. When you are trying a new strategy at a demo place, you see if it will do good or bad, the point here is that if it does good you still need to test it with small amounts at real trading but if you do terrible at demo then you do not even try it at the real thing at all.

This usually works pretty well, because so far whenever I tried something at demo and failed, and if I insisted and tried at real trading then I usually fail there too. So, you are not using demo to find good stuff, you are trying demo to weed out the bad ideas and 90%+ of the time this system works very well.


Title: Re: What should newbies do in trading?
Post by: vs2014 on March 15, 2024, 05:24:49 PM
Here you will get lots of ideas but most of the ideas will be different so you won't be able to work with all the ideas. So first you need to increase your practice knowledge then you can get the right idea. People try to make money from crypto in different ways such as trading, investing and holding are popular ways. But most of the new investors consider holding professionals at first but later they may become experts in other matters. More or less experience can be gained from crypto in exchange for everything in time and money.


Title: Re: What should newbies do in trading?
Post by: jaberwock on March 16, 2024, 06:05:33 PM
Newbie traders get encouraged by the other traders who earn a large amount of money and of course, if you are a beginner it is quite hard to understand where to start, because you don't have a guide so you must need to invest first with the knowledge, what are the fundamentals, what are the basics, strategies and techniques. If you are still quite afraid to make an investment paper trading is one of the best training grounds but sometimes you are still quite confident because it's just not real money, no risk at all just knowledge, so some newbies willing to risk their small funds to test out their acquired skills if it's effective or not. Keep learning trading is a continuous learning to lessen the risk and increase the profit gains.
The reality is that there are way too many people who see what others do, and they try to replicate it and they end up making a loss. If you do not have the knowledge and the experience of a veteran trader, then you can't make a profit like a veteran trader, but newbies see what they did, and try to do the same, at the wrong time, which results with a loss.

I buy X at 100, and sell at 150, and make a 50%, a newbie sees this, buys at 150 to sell at 225 but it drops to 120 because it already peaked, and then they wonder what they did wrong. This is why we should be considering the situation as highly risky, we need to do something much better and easier. This way we could make more money if we learn to be a better trader, before we start to trade.


Title: Re: What should newbies do in trading?
Post by: AakZaki on March 16, 2024, 08:22:25 PM
Here you will get lots of ideas but most of the ideas will be different so you won't be able to work with all the ideas. So first you need to increase your practice knowledge then you can get the right idea. People try to make money from crypto in different ways such as trading, investing and holding are popular ways. But most of the new investors consider holding professionals at first but later they may become experts in other matters. More or less experience can be gained from crypto in exchange for everything in time and money.
It's not that easy to become an expert, especially if you are a beginner and only depend on other people's predictions, it won't help you to understand how to become an expert trader. Everything can be done gradually and you have to study it well. It takes a lot of experience to understand how crypto works. Don't be too influenced by other people's analysis, you don't need to rely on people who are said to be professionals but are not clear about their knowledge. Learn to analyze yourself and do it well, then you will find the rhythm.


Title: Re: What should newbies do in trading?
Post by: Bushdark on March 17, 2024, 10:54:08 AM
It all depends on the coach and trader that is educatimg a newbie so that they can be knowledgeable about trading and have some skills.
We need to be wise and keep doing something that will profit us as traders whether ww are newbies or a long time trader.
The goal is to make money from the trading and the only waybwe could go about that is to make sure we need learning and advancing our arsenals so we can keep making earnings from trading as we keep getting more information to keep trading.


Title: Re: What should newbies do in trading?
Post by: Barikui1 on March 17, 2024, 03:57:48 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

Am not that surprised, because this is what you get when listening to 3 or 4 videos from YouTube by most influencer, so after then, they will think that they are ready to trade, not knowing that it takes more than that to gain mastery in the craft.

If truly you really want an advice from me, bro I am going to tell you to stop and go for knowledge first, that money you have already wasted would have been best utilized in acquiring knowledge, than jumping into the market because one or two YouTube influencer told you how he makes millions a day, and because of that you thought it easy, so I suggest you stop trading, and go for knowledge, don't come back till you have learned and gain mastery.


Title: Re: What should newbies do in trading?
Post by: Zoomic on March 17, 2024, 05:57:44 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

Am not that surprised, because this is what you get when listening to 3 or 4 videos from YouTube by most influencer, so after then, they will think that they are ready to trade, not knowing that it takes more than that to gain mastery in the craft.

If truly you really want an advice from me, bro I am going to tell you to stop and go for knowledge first, that money you have already wasted would have been best utilized in acquiring knowledge, than jumping into the market because one or two YouTube influencer told you how he makes millions a day, and because of that you thought it easy, so I suggest you stop trading, and go for knowledge, don't come back till you have learned and gain mastery.

OP lacks that confidence right now to actually trade on his own. It is quite obvious that the knowledge he has gotten so far from the videos he watched and books he read has not done enough justice to him. OP needs to learn alot to boost his confidence, it is not ideal for him to ignore trading with demo accounts, he still needs it to master his craft. Once he has that confidence, he would be able to manage his emotions to some extent.


It is not quite easy to master the art of trading as a newbie, in the first few years of trading, losses are bound to occur and this is not a reason to want to quit, rather it is a time to learn from your mistakes and improve on your trading skills.  The money lost so far should be seen as the cost you have to pay in order to succeed as a trader.  This is why we always advice newbies and all traders to always trade with amounts they can afford to lose because anything can happen.


Title: Re: What should newbies do in trading?
Post by: johnsaributua on March 18, 2024, 03:48:25 AM
Simulated trading isn't too bad, if there is a trading option with tesnet or practice, I take an example on binance, anyone can access it with real market prices there, as a beginner do not prioritize filing because of the victory in simulation trading. it is easy and does not deposit money / assets directly and does not need to prioritize psycology in pump or dump. the result is only curiosity. It is better to continue practicing with technicals that continue to be studied, not all prices in the past will end according to analysis. and force yourself with mainnet assets.

Your impression in trading I have also felt it, it is a fairly large nominal for beginners, if you can make a profit with a daily target of the capital it is better because we calculate the percentage of the capital.

Indeed, every trader wants to go through the skill stages faster, I once regretted a coin that I sold too quickly because I was too complacent and looked for the potential of other coins, as well as the opposite when buying too top.

I think if you think so you are already next level but recognize the risk, even losing coins with the same value will be quite tiring when the price goes up. I always limit what I earn today and how much money I am ready to lose if the market conditions are difficult to digest.


Title: Re: What should newbies do in trading?
Post by: redsun114 on March 18, 2024, 11:58:52 AM
You mentioned you have already lost your value by trading and suffered a loss. But it's not that you don't know about trade but you have acquired knowledge about trade as much as you can and traded but you could not profit. In this case I think the amount of money you have left is the money you should try to gain knowledge about investing first rather than trading now and plan to invest in the future. Because if you invest your money and hold it, the chances of making profit from it are much higher than trading. Also you should do more research on the trade and try to be around more skilled people And you can start trading again with the amount of money you will get profit from the invested money.
I don't believe that a person who manages to gain enough knowledge before entering the market can incur extreme losses, I know that one can also not have all their trades become successful but they should at least be able to gain some profit in the long run if they are doing the things in the right way.

If someone thinks that they are not knowledgeable enough about the market, they shouldn't start trading and should try to learn and improve once they think they have learned enough, they should try their knowledge and skills using demo accounts to see if they can use their knowledge to gain success.

One should enter the market after proper evaluation of their knowledge and understanding because once they enter the market, it's real money on stake and you can't afford to make mistakes after that.


Title: Re: What should newbies do in trading?
Post by: GxSTxV on March 18, 2024, 12:22:39 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

It looks to me like you have put in a lot of effort to learn and teach yourself about trading, which is an investment also and way more important than having a big capital. It's normal to face challenges and crashes, especially as a beginner in trading world you canít learn without experience and knowing your emotions. While demo trading cannot offer the same emotional experience as real trading with your own money, it still can be a valuable way for applying your strategy and winning confidence without risking more money as you already lost the first 80% of your capital.

I advise you to consider taking a step back in order to strength your approach and focus on managing risk effectively. Remember also that trading is a journey and learning from both successes and failures is just a period in your long journey for growth if you want to be a trader. For me practicing is more essential than anything, with time ans experience you will teach yourself as nobody will do to you.


Title: Re: What should newbies do in trading?
Post by: Ricardo11 on March 18, 2024, 02:45:46 PM
At this moment you should not use any money in trading, because trading is very risky. You can never make money from training if you don't fully understand trading, if you make some money you can lose more than that if you don't have knowledge about trading. You have to work hard in trading. You have to be perfectly prepared. Because all the money is lost because of a small mistake in trading. So prepare yourself in such a way that there is no error while trading. then you can make money from trading.


Title: Re: What should newbies do in trading?
Post by: Fivestar4everMVP on March 18, 2024, 04:05:47 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
As a brand new trader, it's not advisable or a wise decision to jump into trading with real money when you have not mastered the art of trading, you can read all the books in the world as regards to trading, watch all the videos and all that, but then, but you really did not take your time to practice all this things you have learnt before actually diving into trading with real funds, what you were supposed to do is, first, practise all you have read, watched on and through a demo account, and when you have practised enough and very confident in yourself, you can then proceed to starting a live trading with a maximum of $10 to $20 dollars, and only increase this amount as your account balance grows.

Trading is not something one can or should hurry into, if you do not take your time to learn to trade the easy way, you will have no choice but to learn it the very hard way, which is, losing money over and over and over again before you finally start to get it right.

What I did advice is do is, start a demo trading, and put all you have read and watched in practice on your demo trading account, train yourself to be good at analyzing the market and making the right decisions before you move back to live trading, and when eventually you move over to live trading again, start with a small amount of money.


Title: Re: What should newbies do in trading?
Post by: Bloodseekers on March 18, 2024, 05:50:57 PM
At this moment you should not use any money in trading, because trading is very risky. You can never make money from training if you don't fully understand trading, if you make some money you can lose more than that if you don't have knowledge about trading. You have to work hard in trading. You have to be perfectly prepared. Because all the money is lost because of a small mistake in trading. So prepare yourself in such a way that there is no error while trading. then you can make money from trading.
Behind the risks involved in trading, of course there will be profits when we can understand the risks we face in trading and it would be better to postpone trading when we don't understand it well and first study it well so we can trade well. get benefits from this and when we just understand trading then we have to try it with little capital and have to make decisions with correct analysis based on the knowledge we have and if we still experience failure we have to be able to improve and return to trading to be able to have profit on the trade.


Title: Re: What should newbies do in trading?
Post by: Tigerheart3026 on March 19, 2024, 09:33:11 PM
Maybe in your case scenario, you should never stop since you have started learning trading. Then try to start with a small amount of trading first. Then the timeframe that you should use first is the 1 hour or 4 hour timeframe. Because if it's low there, it will be a bit difficult.

Or it's also possible that while you're just learning trading first, you only have to do a 1-day timeframe to continue your exploration of learning about trading. Don't give up; just continue to learn until you learn something new about it, and once you have it, then continue to learn more.
there are no fixed timeframe to learn trading because if someone started trading he always need to keep eyes to get update about which coins,
i don't know about other traders, personally if when i am trading i am continuously checking the price after a while.
yes, beginners should start with low capital.


Title: Re: What should newbies do in trading?
Post by: dunfida on March 19, 2024, 09:42:32 PM
Maybe in your case scenario, you should never stop since you have started learning trading. Then try to start with a small amount of trading first. Then the timeframe that you should use first is the 1 hour or 4 hour timeframe. Because if it's low there, it will be a bit difficult.

Or it's also possible that while you're just learning trading first, you only have to do a 1-day timeframe to continue your exploration of learning about trading. Don't give up; just continue to learn until you learn something new about it, and once you have it, then continue to learn more.
there are no fixed timeframe to learn trading because if someone started trading he always need to keep eyes to get update about which coins,
i don't know about other traders, personally if when i am trading i am continuously checking the price after a while.
yes, beginners should start with low capital.
And this is what you should really be having in mind is that you shouldnt really be rushing up yourself on learning trading specially when you are still a noob on which we know that everything would really takes time
and it isnt something that you could really be able to rush up because once you do have that kind of mindset then you would really be rushing up things to deal with and ended up for you to commit tons of mistakes
due to that kind of wrong belief in mind. There's no way that you could really be able to have that fast pace learning because there's so much that needs up to learn into this market on which this is something
that you should bare up into your mind.

When you are still that a noob or new into this industry then it would really be normal on having that kind of approach on which you would really be versatile and you would really be needing on
having that kind of moderation from your funding until into your emotions on which these factors would really be needed up for you to consider or look out.


Title: Re: What should newbies do in trading?
Post by: Oneandpure on March 19, 2024, 09:53:39 PM
Behind the risks involved in trading, of course there will be profits when we can understand the risks we face in trading and it would be better to postpone trading when we don't understand it well and first study it well so we can trade well. get benefits from this and when we just understand trading then we have to try it with little capital and have to make decisions with correct analysis based on the knowledge we have and if we still experience failure we have to be able to improve and return to trading to be able to have profit on the trade.
In trading, high risk will earn high return and try with low risk as gold investment will get low return or profitable, so in trading beside need to prepare knowledge need strong mentality how to avoid loss or panic moment when market suddenly drop. Use free money in trading with your spending will be loss and not good ideas when putting emergency fund or saving money due with trading can't promising profitable always and avoid when have to make stop loss if required.
Not all analyze will be accurate, we know how whales make market drop drastically and many time our prediction not accurate yet have to be long term holder or make cut loss. If mentality already I don't think not problem how to be calm when market crashing and many people panic for selling in lower price.


Title: Re: What should newbies do in trading?
Post by: poodle63 on March 19, 2024, 11:04:52 PM
Maybe in your case scenario, you should never stop since you have started learning trading. Then try to start with a small amount of trading first. Then the timeframe that you should use first is the 1 hour or 4 hour timeframe. Because if it's low there, it will be a bit difficult.

Or it's also possible that while you're just learning trading first, you only have to do a 1-day timeframe to continue your exploration of learning about trading. Don't give up; just continue to learn until you learn something new about it, and once you have it, then continue to learn more.
there are no fixed timeframe to learn trading because if someone started trading he always need to keep eyes to get update about which coins,
i don't know about other traders, personally if when i am trading i am continuously checking the price after a while.
yes, beginners should start with low capital.
checking price continously is good for trader that are short term as to not miss the opportunity but overall its gonna be kinda detrimental for long term since its mentally exhausting, i think using price alarm to notify us when the price is rising gonna be more effective approach for trading that is exactly what im doing right now and never miss a single opportunity rather than trying to get too fixated onto the CMC apps and watch the prices.
but its more important to get updated about the upcoming events of the coin as well if we really want to trade, i mean, we should know before hand when there is an even like vesting unlock that could potentially affect the market price as a short term trader even that is also important thing to know since that could affects our trades even more urgent for us that trades future since price shake could make us loss our high leveraged trade and could make us lose our much loved money so there's that.
for newbie though just try to get how the market work, that I think is already sufficient enough.


Title: Re: What should newbies do in trading?
Post by: Webetcoins on March 20, 2024, 03:55:40 PM
When using a demo trade, why not trick your mind that you are like trading for real? It can be hard at first but practice makes perfect as the quote says. If not, you can also practice on the real trading arena, but just use only minimal amounts and you can stick on this amount, even when you are now ready on the real deal because you said, you don't want to try hard, however when we are practicing and we want to be great, we are actually trying hard even on that point. What is wrong with that anyway? Nothing, but that was in fact good to know, than the other.

The remaining money in your account was already there even before, so I'm sure that you already have a spare money outside that you can use once you lose them. Courage is another thing you need here apart from hard work.


Title: Re: What should newbies do in trading?
Post by: isladeego on March 26, 2024, 11:28:29 AM
Trading can be difficult at first, and losing $90 on a $120 account hurts (I've been there!). However, returning with a $20 profit shows that you're improving! It's excellent that you're using so many resources; knowledge is essential. Consider stopping, going over your trading strategy, and focusing on managing risks. Just remember that you can practise trading on demo accounts or take a break without having to worry about using real money.


Title: Re: What should newbies do in trading?
Post by: Fara Chan on March 26, 2024, 01:24:00 PM
Trading can be difficult at first, and losing $90 on a $120 account hurts (I've been there!). However, returning with a $20 profit shows that you're improving! It's excellent that you're using so many resources; knowledge is essential. Consider stopping, going over your trading strategy, and focusing on managing risks. Just remember that you can practise trading on demo accounts or take a break without having to worry about using real money.
The practice option on a demo account is usually used more often by trading beginners who still don't dare to use money directly into the market. And this is very suitable because it can have a very good effect on everyone's mentality and courage when they really want to try it using real money. Apart from that, I think you yourself also have experience in this matter because you have experienced losing a little money when trading, but if you are not discouraged from returning it at another time, you are really quite an extraordinary person in this matter.


Title: Re: What should newbies do in trading?
Post by: jaberwock on March 26, 2024, 02:19:31 PM
When using a demo trade, why not trick your mind that you are like trading for real? It can be hard at first but practice makes perfect as the quote says. If not, you can also practice on the real trading arena, but just use only minimal amounts and you can stick on this amount, even when you are now ready on the real deal because you said, you don't want to try hard, however when we are practicing and we want to be great, we are actually trying hard even on that point. What is wrong with that anyway? Nothing, but that was in fact good to know, than the other.

The remaining money in your account was already there even before, so I'm sure that you already have a spare money outside that you can use once you lose them. Courage is another thing you need here apart from hard work.
I think leaderboards help with that a bit. Because people like to be high in leaderboards, so maybe the fact that you are not using your real money could still be on your mind while trading, but if there is a leaderboard then you may want to be first, and if there is a special reward for it then it is even better.

That way there is actually a tangible thing that you need to be serious about, which is the results of the leaderboard and you can be trading for real to get that place. I know a place that does monthly leaderboard thing, gives people 100k first of each month, and whoever ends up with the most money at the end of the month gets a "trophy" at their account. Many people take it very seriously to win that award, I think that may help.


Title: Re: What should newbies do in trading?
Post by: OrangeII on March 26, 2024, 03:20:32 PM
Well, what do you expect from just trading? You expect to make thousands of dollars without any losses? Yes it can happen, but it's very rare. After all, that's what trading is like. Sometimes you get bored, and sometimes you count your losses. However, when you keep trying, maybe you will find the right way and strategy for you to use. No matter how much you listen to other people's opinions, the thing that determines profits or losses in the trading you do is your decision. Well, if you still want to try, then keep learning. Nothing is easy to achieve success, especially in trading.


Title: Re: What should newbies do in trading?
Post by: bettercrypto on March 26, 2024, 04:09:04 PM
You really need to have a percentage of the source income that you have; it's difficult if you don't even have a percentage of how much you will deduct from your income. Just like what you did,
 the amount that will be deducted from your balance is really big.

It is really necessary to have financial management knowledge to have control over cryptocurrency trading activity. And remember, newbies must learn first about in the basic study for this
matter, and do not be greed in the first place.


Title: Re: What should newbies do in trading?
Post by: Sexylizzy2813 on March 26, 2024, 10:02:19 PM
As a newbie that wants to participate in trading you need some guidelines to follow and to make things easy you should be around those who have been there before like have experience, they know the in and out of the market like the back of their fingers. As someone who's new there would be a lot of mistakes and I'd say you as a newbie you're doing it for fun and you'll have no gain, just playing around (that's if you're doing it alone).
Setting a target to start with, a strategy that's if you must have learnt one or two from someone who's familiar with the market, like a mentor, if you're going alone believe me you're heading into a losing train.


Title: Re: What should newbies do in trading?
Post by: Bushdark on March 29, 2024, 05:22:31 PM
Well, what do you expect from just trading? You expect to make thousands of dollars without any losses? Yes it can happen, but it's very rare. After all, that's what trading is like. Sometimes you get bored, and sometimes you count your losses. However, when you keep trying, maybe you will find the right way and strategy for you to use. No matter how much you listen to other people's opinions, the thing that determines profits or losses in the trading you do is your decision. Well, if you still want to try, then keep learning. Nothing is easy to achieve success, especially in trading.
Even the big traders do make loses in trading so we should not see them like holy experts that donts do mistakes.
It is just that, they don't show us all their results because that is why we think they are very good without errors. We need to keep trying and failing to get to the height we intend to get. Everyone has there own story even the best trader in the world.
We should be prepared to keep lewenin6ni matter how difficult it could be, since this is the only way we could stand tall.


Title: Re: What should newbies do in trading?
Post by: terrific on March 29, 2024, 05:46:09 PM
Well, what do you expect from just trading? You expect to make thousands of dollars without any losses? Yes it can happen, but it's very rare. After all, that's what trading is like. Sometimes you get bored, and sometimes you count your losses. However, when you keep trying, maybe you will find the right way and strategy for you to use. No matter how much you listen to other people's opinions, the thing that determines profits or losses in the trading you do is your decision.
I wouldn't say that it's rare because it is impossible for someone to make thousands of dollars without even losing for their very first try.

Well, if you still want to try, then keep learning. Nothing is easy to achieve success, especially in trading.
I agree, nothing is easy and one has to learn and have to go through with what he wants to achieve with trading. One tip for newbies, don't be hasty.


Title: Re: What should newbies do in trading?
Post by: Dewi Aries on March 29, 2024, 06:35:43 PM
Well, what do you expect from just trading? You expect to make thousands of dollars without any losses? Yes it can happen, but it's very rare. After all, that's what trading is like. Sometimes you get bored, and sometimes you count your losses. However, when you keep trying, maybe you will find the right way and strategy for you to use. No matter how much you listen to other people's opinions, the thing that determines profits or losses in the trading you do is your decision. Well, if you still want to try, then keep learning. Nothing is easy to achieve success, especially in trading.

Overall everyone expects profits in the world of trading and indeed that is the purpose of our involvement in this field, but what we must know and understand is that trading is not a quick way to make you rich but rather a profession that can help your financial situation get better slowly and but if you already have enough flying hours in the sense that you are experienced enough then you can get wealth in the world of trading but still you need time which may be long enough to first go through the process.

The problem is that there are some people who are too focused on profit opportunities but they are not willing to go through all the processes that exist in the world of trading which makes them act carelessly and only rely on hope and feelings and I say that if you trade by relying only on feelings then it is tantamount to gambling that refers to luck. As you said above that when someone continues to try with strong intentions and determination in his learning period, it is not impossible that one day you can become one of the successful traders when you have managed to find a fairly accurate strategy from the results of the learning you have done and the process you have passed, it is true that trading is not easy because the possibility of risk is always there, therefore trading requires qualified knowledge and experience, you will be able to get it when you are able to be patient and have strong determination and sincerity during the learning stage.


Title: Re: What should newbies do in trading?
Post by: Oneandpure on March 29, 2024, 08:13:03 PM
Lack with mentality when losing around $45 is not ready yet what faced by OP, I don't know how possibility with his mentality condition in the future when trading huge amount and loss more than $100 until $1000.
Before make trading as passive or side income better defend with your mentality in trading, not promising profit every time trade and we know risk when trading in bitcoin or altcoin but how to make its keep not annoying for our self.

Controlling money management and always use free money for trading, I think if get risk later with coin price drop drastically is not matter how much losses because have ready with mentality when position in trading got losses.


Title: Re: What should newbies do in trading?
Post by: $weetne$$ on March 29, 2024, 08:17:59 PM
Even the big traders do make loses in trading so we should not see them like holy experts that donts do mistakes.
It is just that, they don't show us all their results because that is why we think they are very good without errors. We need to keep trying and failing to get to the height we intend to get. Everyone has there own story even the best trader in the world.
We should be prepared to keep lewenin6ni matter how difficult it could be, since this is the only way we could stand tall.

It could be that they're hiding the errors so they can call signals to newbies that are looking for signal groups and don't want to start learning how to trade on their own. Newbies have to start learning how to interpret trading charts on their own and not depending on random interpretation from online traders or signal groups. Newbie need to learn how to trade without depending on others because they're not helping you when they're sending you signals or chart interpret. Trading need experience and you can get better experience when you do things by yourself and stop depending on others for them to guide you. Newbies shouldn't start trading from trading futures but they should start from spot trading and build their experience to enter future if they have interest in trading through futures.


Title: Re: What should newbies do in trading?
Post by: goldkingcoiner on March 29, 2024, 08:56:43 PM
demo trading does not bring such emotions

This is the main problem, I think.

You are letting your emotions take over control. That ends badly every time. Follow a strategy and do not stray on your path...


Title: Re: What should newbies do in trading?
Post by: freedomgo on March 29, 2024, 11:53:52 PM
demo trading does not bring such emotions

This is the main problem, I think.

You are letting your emotions take over control. That ends badly every time. Follow a strategy and do not stray on your path...
Having demo trading cannot guarantee real profits when we are already trading in live trading account. Emotions are not emphasized during demo trading, so we will be working for that while we trade using our real live account. While emotions can be underrated, but we all know emotions are the best enemy in trading. If you fail to control your emotions, you will never achieve your goal profits in your trades.


Title: Re: What should newbies do in trading?
Post by: Rabbitqt on March 30, 2024, 12:27:53 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it

If I had to go back to the beginning again, I would solely focus on candlestick patterns and charting/indicators. From there, remember the patterns, and keep reminding yourself of what those patterns are and what they mean. After you understand the major patterns without needing to look them up, niche down on your indicators. There is nothing worse than seeing a new trader have 80% of their screen as indicators; you'll get conflicts if you do this. For example, I only use Fib-extensions, EMAs, and RSI. Mix that with candlestick patterns and general TA, and I'm good to go. 

Never demo trade; imo you learn more trading with $10-$50 with the purpose of learning, not making mass gains. I personally did this when I started and was making 5Ė20 cents per trade, but the amount didn't matter at the start; you just wanted to learn without losing a house worth of money. 

Don't get sucked into the psychological aspect of trading; this will be shoved down your throat wherever you decide to learn, but the reality is that the trader mindset comes with experience. You aren't a psychopath, so unfortunately you have emotions (most of us do), but the excitement of the markets and winning trades eventually loses its magic, and it becomes everyday life once you start maintaining a liveable and profitable trading career, and as a result, you have the """no emotion""" mindset. Like anything that is second nature.


Title: Re: What should newbies do in trading?
Post by: bettercrypto on March 30, 2024, 09:15:05 AM
Behind the risks involved in trading, of course there will be profits when we can understand the risks we face in trading and it would be better to postpone trading when we don't understand it well and first study it well so we can trade well. get benefits from this and when we just understand trading then we have to try it with little capital and have to make decisions with correct analysis based on the knowledge we have and if we still experience failure we have to be able to improve and return to trading to be able to have profit on the trade.
In trading, high risk will earn high return and try with low risk as gold investment will get low return or profitable, so in trading beside need to prepare knowledge need strong mentality how to avoid loss or panic moment when market suddenly drop. Use free money in trading with your spending will be loss and not good ideas when putting emergency fund or saving money due with trading can't promising profitable always and avoid when have to make stop loss if required.
Not all analyze will be accurate, we know how whales make market drop drastically and many time our prediction not accurate yet have to be long term holder or make cut loss. If mentality already I don't think not problem how to be calm when market crashing and many people panic for selling in lower price.

It's really like that in trading: big capital, big income, and when you get a meme coin that suddenly becomes successful, it can be small capital but big income. But that's not called luck; it's made you meme coin hunters, and you only know how to hunt potential meme coins.

Now, let's go back to the topic: newbies should not rush to earn a lot, because that is always their problem. It's too much of a rush; here in crypto trading, there is no shortcut to learning to trade because trading is a broad matter, to be honest. That's legit, honestly speaking.


Title: Re: What should newbies do in trading?
Post by: Jewan420 on March 30, 2024, 02:43:35 PM
I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .


Title: Re: What should newbies do in trading?
Post by: deathcode on March 30, 2024, 03:22:07 PM
I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .

Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade. If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
the mistake many beginners make is that they think trading is easy.


Title: Re: What should newbies do in trading?
Post by: Dewi Aries on March 30, 2024, 04:44:48 PM
I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .

Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade. If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
the mistake many beginners make is that they think trading is easy.

But the real lesson is when they start their trading journey where they will find many experiences that will be the source of their knowledge, your advice is indeed good by suggesting that we first try to trade on a demo account where indeed I also previously did it in the experimental stage, but actually a demo account with a real account is different, not about features or how to use some indicators but what distinguishes it is in terms of mental and psychological, which means learning to understand how to trade that you can get by learning on a demo account but there is another thing that is also no less important is learning to control your mental and psychological which you will be able to practice on a real account where some people look very tense when trading on a real account while when on a demo account they are more relaxed because they are trading using fake money.

Tension can greatly affect the outcome of trading because in many cases people make wrong decisions due to anxiety and tension underlying the decision making which means obviously trading requires calmness in terms of making decisions. On the other hand the possibility of loss will of course always lurk anyone especially if they are a beginner who does not have much knowledge about the world of trading which means it is vulnerable to making mistakes that can make them experience losses, but if you have strong intentions and determination when the learning process then over time you will be able to develop into a better trader where there is a high probability that you will succeed in achieving consistent profits.


Title: Re: What should newbies do in trading?
Post by: Hamphser on March 30, 2024, 05:21:34 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Demo trading is really just that good for the benefit on trying out to make yourself on having those kind of familiarizations on which we know that this is something that would really be that relevant
if you are really that eager on trying out to learn trading on which we know that it could really be that something that not too easy to handle specially when emotions. Its true that once you do deal up with
with demo then it doesnt really give out any emotions since you arent that risking something on which we know that it would really be not just that the same if we do deal up with trading with live account or real balance. There's so much difference when it comes to this aspect.

Newbies shouldnt really be trying out to rush up on doing trading because if you do put up yourself on too much desperation then you are really that putting up yourself
on such big trouble on which loses would really be keeping on piling up.


Title: Re: What should newbies do in trading?
Post by: gunhell16 on March 30, 2024, 08:27:53 PM
I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .

Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade. If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
the mistake many beginners make is that they think trading is easy.

I added that Newbies should really focus on learning about crypto or bitcoin at the beginning. Be patient and diligent in learning about trading first. Don't even think about trying actual trading.

It seems that the baby should only be fed milk and not meat first because it will not eat properly and the real nutrients will not taste good either. The same goes for learning about trading.


Title: Re: What should newbies do in trading?
Post by: beerlover on March 31, 2024, 06:16:32 PM
I think leaderboards help with that a bit. Because people like to be high in leaderboards, so maybe the fact that you are not using your real money could still be on your mind while trading, but if there is a leaderboard then you may want to be first, and if there is a special reward for it then it is even better.

That way there is actually a tangible thing that you need to be serious about, which is the results of the leaderboard and you can be trading for real to get that place. I know a place that does monthly leaderboard thing, gives people 100k first of each month, and whoever ends up with the most money at the end of the month gets a "trophy" at their account. Many people take it very seriously to win that award, I think that may help.
I do agree that would make people love the demo idea a lot more, but still there is a possibility that they may do crazier stuff than they would normally do if they focus on that. Someone who would take their own money seriously, could just go 100x leverage on something to just get the first place, and that is not all that much normal, I would say it is actually quite a bad idea in the end.

I realize that sometimes it is not that easy to figure out what to do when you are a newbie, but demo doesn't guarantee anything. Just like in life, this all depends on if you are a person who can take demo seriously or not, it depends on the person. Some people would use it and be great, some people would use it and not really do well at all.


Title: Re: What should newbies do in trading?
Post by: JeffBrad12 on April 01, 2024, 07:07:53 AM
I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .
frankly speaking trading might not be for everyone, but business too, what can someone do with the remaining amount of money, if its dropshipping, most of people prefer direct buy towards the seller by importing goods dropshipping is not a good profitable business anymore.
if its other business, i doubt that money will suffice, best bet would be investing in a new coin that might be risky but find one that have good quality then there's chance of turning that money into bigger money to start out business.
I doubt with that amount of money you can kick start any business anyway, definitely investing is better here, trading if what a person experiences are just loss and loss one after another maybe they don't suit trading and might not have the talent.


Title: Re: What should newbies do in trading?
Post by: Y3shot on April 01, 2024, 09:31:21 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Reading articles concerning trading and and facing the reality of trading which is trading with money are not the same. You can get the whole knowledge from reading books about trading but it doesn't makes you if you starts trading you will start making good profit. No matter what you have read to gain knowledge in trading never use big amount of money for trading as a beginner.  Start with small amount and learn , get experience about the market.

Amount of time you trade and your experience will teach you more than what you have gotten from trading articles by reading. Beginners should not be too fast to use big money to trade, using small amount of money is still part of learning trading. Using big amount of money to start trading is a waste because you will still definitely lose because of lack of ideas and experience.


Title: Re: What should newbies do in trading?
Post by: nurilham on April 01, 2024, 06:39:46 PM
Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade.
It is a must to learn first, beginners are required to have sufficient knowledge. The problem is many beginners directly try to trade because they assume they can learn gradually by practicing the real trading. Unfortunately, many beginners failed to do this way because they don't understand the proper way for trading. Beginners must understand that there is a time for learning and there is a time to start trading.

If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.
Demo account won't improve the experience. It is just a tool to demonstrate what the basic things to do in trading.
If we want to gain experiences, we must get it through real trading. But before thinking for gaining experience, it is better to ensure we have enough knowledge firstly.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
Of course there will be a high chance for losses if the beginners have lack of knowledge. How they can succeed if they don't know which the proper strategy to do in trading? Moreover, the market trend is easy to change, beginners with lack knowledge will panic and can't deal with the unpredictable situation. Most of them probably decide to exit or sell for losses.



Title: Re: What should newbies do in trading?
Post by: AYOBA on April 01, 2024, 06:40:10 PM
What a newbie should know before trading is that he should go into the background of the trading and know all the fundamental technical analysis so that when ever you come to trading, you won't find anything too difficult. Because most people's fail when they come trading it because they're lack of knowledge about it and also experience, that's why it's know good to advise a person who does not engage his or her and familiarity with trade to start it, rather than give advice to invest in Bitcoin or some of the coins that you see that you can afford to buy so that even when you come losing, you won't lose so much of your money.

Morever, I can even say that people who lose in trading are mostly biginners, because they wait to have proper knowledge about trading before starting and don't want to study the risks that are involved. That's why they mostly fall victim of losing.


Title: Re: What should newbies do in trading?
Post by: GeorgeJohn on April 01, 2024, 11:18:18 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
if you want to make a profit in Trading you don't need to rush into trading without understanding the concept many people today who is rejecting threading it is because then join trading with that learning and also read the articles of trading before the establish to trade on their own when you understand the concept of trading there's nothing we make you to lose more expectation because you have already noticed the basic format of it and you cannot allow yourself to be victims that lose in trading constantly..sometimes what makes people to lose in Trading is because of lack of understanding of its concepts.

Aside from basic fundamentals of trading, and other things you should study.

You need to control yourself, especially when entering a trade after you lose a trade. Don't rush yourself making a big profit, keep it at a steady phase, don't expect too much from yourself since you've just started your trading journey. It's important also to don't quit if you really want trading as your source of income. Don't afraid to try new things, that'll help you grow as a trader and a person.
the primary assignment of someone who want to venture into trading is to understand the concept of trading first and they also make a serious practice of trading before,  venturing into trading, its obvious and understanding that without your commitment in trading you will not understand the gist of trading, actually trading when you don't know the concept fully is at risk, when you have comprehend trading very well not will make you not to profit on it, that's my own ethics towards trading.



Title: Re: What should newbies do in trading?
Post by: nara1892 on May 02, 2024, 03:32:51 PM


Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade. If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
the mistake many beginners make is that they think trading is easy.

I added that Newbies should really focus on learning about crypto or bitcoin at the beginning. Be patient and diligent in learning about trading first. Don't even think about trying actual trading.

It seems that the baby should only be fed milk and not meat first because it will not eat properly and the real nutrients will not taste good either. The same goes for learning about trading.

True however we must build a foundation first by learning various things related to the world of trading at the beginning of the involvement, never think about making a profit first because in the end you will most likely have the same fate as some people who eventually fail and even waste a lot of money due to losses, and that's what will happen when you come in a hurry to make a profit, however everything must be done by having a good basic understanding along with having the intention and determination along with strong consistency in terms of learning which will add to our insight and knowledge related to the world of trading and that is our initial capital or foundation to make a profit. Like the parable you said above that a newborn baby should be started by giving them milk because their stomach is not yet strong enough to accept some common foods such as those consumed by adults in general because it will endanger a baby and obviously this can be equated with a beginner who is just entering the world of trading where the initial stage should start with something not too significant, meaning don't jump straight into the market and better understand and learn many things related to the world of trading, otherwise you will only waste money and time.


Title: Re: What should newbies do in trading?
Post by: leonair on May 02, 2024, 05:33:44 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Good to see that you have at least trying to learn about trading  some of US they even don't know the name of Technical Analysis and what is psychology effect on trading. Anyway even then you have a  acquire some knowledge about trading I will say that there is still the risks so in this that  much fund what you can afford to lose. I can also start with Bitcoin long term strategy like DCA method which is with low risk


Title: Re: What should newbies do in trading?
Post by: Bushdark on May 02, 2024, 05:52:14 PM
At this moment you should not use any money in trading, because trading is very risky. You can never make money from training if you don't fully understand trading, if you make some money you can lose more than that if you don't have knowledge about trading. You have to work hard in trading. You have to be perfectly prepared. Because all the money is lost because of a small mistake in trading. So prepare yourself in such a way that there is no error while trading. then you can make money from trading.
Behind the risks involved in trading, of course there will be profits when we can understand the risks we face in trading and it would be better to postpone trading when we don't understand it well and first study it well so we can trade well. get benefits from this and when we just understand trading then we have to try it with little capital and have to make decisions with correct analysis based on the knowledge we have and if we still experience failure we have to be able to improve and return to trading to be able to have profit on the trade.
Trading is very risky and we just have to be prepared for the market and try and earn some living in a way that we can be getting some funds to keep trading with bigger profits. Making money in trading is never easy for us and it is important for the newbies in trading to make sure they learn very well before indulging in full trading time. Newbies are mostly affected in trading because sometimes they might not be ready to read and study to show themselves approved. Learning is the only way we can improve in trading.


Title: Re: What should newbies do in trading?
Post by: jrrsparkles on May 04, 2024, 06:31:01 PM
Making profits when green days are almost possible for everyone and the opposite when we are on red days. Not just newbies, almost everyone deserves a break when things are not going way in that way which will give us time to analyze and restrategize after understanding what and where things are not working out. And trading with small capital isn't profitable as such a huge capital so higher capital will ease things when we got every skills needed to trade.


Title: Re: What should newbies do in trading?
Post by: johnsaributua on May 04, 2024, 11:55:16 PM
Maybe you are still trading until now, the way I trade is as easy as I see it, when the pump I sell and when the price is cheap I buy. Maybe this way I often use and do not care about how many % spikes because for me collecting decimal coins that are being analysed is the goal even though the pair is declining, especially the capital that must be added. Do not make a habit of trading out of curiosity the results of the fomo community are too strong because they could have bought / owned it much earlier. There are many ways to get capital among them can hunt airdrops and other bounties, later capital from there you can get a reward and you can use it.

Trading today is like an estuary, not only you but even I also used to have the same thought. But if you want to get fiat even now, we will sell it and exchange it for fiat, the proficiency of a person's trading is different but as you often try and learn you will know the tips and tricks when selling coins because the marketcap is different every day.


Title: Re: What should newbies do in trading?
Post by: pusaka on May 05, 2024, 09:53:09 AM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Good to see that you have at least trying to learn about trading  some of US they even don't know the name of Technical Analysis and what is psychology effect on trading. Anyway even then you have a  acquire some knowledge about trading I will say that there is still the risks so in this that  much fund what you can afford to lose. I can also start with Bitcoin long term strategy like DCA method which is with low risk
The point is, never get bored of continuing to learn, the more we learn, the more time goes by, the more it will make us become good traders. You must also learn while practicing, because theory may be easier to understand in trading than direct practice. Because in studying (theory) there is nothing that makes us mentally motivated, whereas when doing practice, apart from having knowledge, we also have to have sufficient mentality, including controlling emotions.
There is nothing impossible for us to do as long as we don't give up and continue to update our knowledge. Because that will be the main basis. We also have to form a good and correct mindset, lest we think that by trading we will quickly become rich. That would be dangerous.


Title: Re: What should newbies do in trading?
Post by: GIF-JOBS on May 05, 2024, 02:24:01 PM
As far as I know, if you trade with money without fully understanding about trading, chances of losing that money are very high. Or we can say that if you trade with money without learning about trading, it will definitely be lost. So I haven't used money in trading so far, I'm trading to learn on demo account, and I'm collecting different information about trading from different places online. I will not trade with money until I am fully proficient in trading. Because I earn very hard, I don't want to lose my hard earned money by using money without understanding anything. Don't do this either, it is better not to trade with money until you are proficient in trading and understand everything about trading well.


Title: Re: What should newbies do in trading?
Post by: Zanab247 on May 15, 2024, 05:12:28 PM
Quote from: jrrsparkles
Making profits when green days are almost possible for everyone and the opposite when we are on red days. Not just newbies, almost everyone deserves a break when things are not going way in that way which will give us time to analyze and restrategize after understanding what and where things are not working out. And trading with small capital isn't profitable as such a huge capital so higher capital will ease things when we got every skills needed to trade.
As a newbies, you have to watch the green candle light like some days or weeks before you can take action either to trade to make profits from the market or wait to observe the green candle light to know what to do at the moment.

When the red candle light show up, all you need to do is to wait at the moment and watch the market price to know, if the bear run is about to take place or planing to turn to green candle light for those that are still hodling to use the period to earn from the market.

If you have big capital and you still have the skills of trading, it will bring you more profits that will make you to establish other businesses to have surplus money to always invest in BTC.


Title: Re: What should newbies do in trading?
Post by: jrrsparkles on May 15, 2024, 05:53:36 PM
Quote from: jrrsparkles
Making profits when green days are almost possible for everyone and the opposite when we are on red days. Not just newbies, almost everyone deserves a break when things are not going way in that way which will give us time to analyze and restrategize after understanding what and where things are not working out. And trading with small capital isn't profitable as such a huge capital so higher capital will ease things when we got every skills needed to trade.
As a newbies, you have to watch the green candle light like some days or weeks before you can take action either to trade to make profits from the market or wait to observe the green candle light to know what to do at the moment.

When the red candle light show up, all you need to do is to wait at the moment and watch the market price to know, if the bear run is about to take place or planing to turn to green candle light for those that are still hodling to use the period to earn from the market.

If you have big capital and you still have the skills of trading, it will bring you more profits that will make you to establish other businesses to have surplus money to always invest in BTC.

Candle is nothing but an indicator we prefer, and as far as my technical analytical knowledge of crypto people users 24 hr handle as the most longest not weeks in candles form because it's something that is preferred by the short-term traders so days or month is irrelevant here.

The nature of the crypto market itself volatile, you can't predict which way the price will go in the next second, you can't say that you can make consistent profits but definitely you can minimize loss.


Title: Re: What should newbies do in trading?
Post by: dunfida on May 15, 2024, 09:41:29 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Self learn or having some mentor or guru, then it would really be just that depending on you. Stick into something that you do prefer in terms of learning curve because if you do find out that you could be able to learn up things on your own and doesnt have the money to afford on having those mentors or gurus then it would be best that you do go with that self learn path. We do know that there would really be some sub fees
into those people who are tending to teach up someone. So if you are really that the one who is skeptical or doesnt have the money then you could go with this option. Also, come in mind that when it comes to information and other things that you would really be needing up is already available online.

It would really be just that depending on how you would really be researching those things. It would really be needing up that extra work and some hassles for you to learn up things.
Trading skill isnt something that you could really be able to learn up on a short time. So dont rush up yourself on learning because anything could really be learnt along the way.


Title: Re: What should newbies do in trading?
Post by: Z_MBFM on May 16, 2024, 05:23:50 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I donít want to try hard when trading it
Trading involves losses and those who are new to trading have no experience due to which they tend to lose more.  So I would advise new traders to start trading with small amount of funds and keep trading. In this case they will lose some amount and from that loss they can learn a lot and gain experience. For this new traders should first learn fund management. After that you have to acquire good knowledge about market analysis, chart analysis, other research. And gradually they will become experts


Title: Re: What should newbies do in trading?
Post by: Bobrox on May 16, 2024, 07:01:59 PM
For newcomer or newbies in trading most important not get panic when buying or selling of trading assets, its not important how smart when making analyze but most of newbies can't controlling well their panic moment indeed market on higher or lower price. Controlling emotion in trading is very important and don't make your self manage by whales after sharing bad or good news will interested to buy or sell cryptocurrency assets, actually most of news from whales have manage well if sharing good news you must sell your assets and buy back later after some bad news sharing or bitcoin and altcoin on lower price position.

However, for beginner always needed the guider when trading and you must looking for the channel of signal for free how to manage well with trading but you can learn by your self by watching most of Youtube channel guide step by step how to start trading in cryptocurrency for newbie.


Title: Re: What should newbies do in trading?
Post by: stomachgrowls on May 16, 2024, 07:39:51 PM
For newcomer or newbies in trading most important not get panic when buying or selling of trading assets, its not important how smart when making analyze but most of newbies can't controlling well their panic moment indeed market on higher or lower price. Controlling emotion in trading is very important and don't make your self manage by whales after sharing bad or good news will interested to buy or sell cryptocurrency assets, actually most of news from whales have manage well if sharing good news you must sell your assets and buy back later after some bad news sharing or bitcoin and altcoin on lower price position.

However, for beginner always needed the guider when trading and you must looking for the channel of signal for free how to manage well with trading but you can learn by your self by watching most of Youtube channel guide step by step how to start trading in cryptocurrency for newbie.
Easy to say for you not to panic but actually this is something the main thing that you would really be able to experience on the time that your first time on encountering or involving with this unpredictable space.

When we are still noob then we would likely be having those impressions that it is really just that easy to trade but on the time that you would be having that kind of engagement then you would be having
those changed up impressions on which it causes for you to make those mistakes on which its normal. When you are still a noob then its normal that you are prone to mistakes because of lack knowledge
but on the time that you have gained sufficient experience then it would really be changing up.

We do know that its not something that you could really be able to avoid on the moment that we are engaging into something which is our first time.
Once you do gain up that experience then you do know on what you do gonna do.


Title: Re: What should newbies do in trading?
Post by: Wildwest on May 17, 2024, 03:26:10 AM
There are many things that trading beginners must pay attention to and learn, the most important thing is to be able to control emotions when trading in crypto. carelessness will make you lose all your money, In trading for beginners, study all the charts for each coin you want to buy. When you enter trading, the coin price will dump 50% so you can make a profit. Dare to trade in the crypto market means you have to be able to accept risks such as losing the money you trade.


Title: Re: What should newbies do in trading?
Post by: Yukyzu on May 18, 2024, 01:02:41 AM
There are many things that trading beginners must pay attention to and learn, the most important thing is to be able to control emotions when trading in crypto. carelessness will make you lose all your money, In trading for beginners, study all the charts for each coin you want to buy. When you enter trading, the coin price will dump 50% so you can make a profit. Dare to trade in the crypto market means you have to be able to accept risks such as losing the money you trade.
Controlling emotions when trading is of course very important in order to be able to analyze the market well and be able to make profitable decisions on the trades we make. Those who cannot trade without emotions will of course find it difficult to get good results from the trades they make. and we often see those who cannot control their emotions when trading, of course they will lose more in the trades they make, when someone has decided to trade in crypto, of course they must be able to accept the risks they will incur when they make mistakes that are detrimental to themselves.


Title: Re: What should newbies do in trading?
Post by: bettercrypto on May 18, 2024, 08:59:34 PM
Just follow the advice of the other commenters here; don't be greedy if you are going to enter the trading category; study it as much as you can; then you should ask yourself if you are sure of what you want to happen here in the crypto space. Because what you will go through in crypto trading is no joke.

And you must be ready or aware of the consequences that you can face here; expect the failures and frustration that you will experience here. So in this matter, the question is, are you ready to face the negative things that can happen to you here?


Title: Re: What should newbies do in trading?
Post by: Mr.sprin on May 18, 2024, 11:07:45 PM
Controlling emotions when trading is of course very important in order to be able to analyze the market well and be able to make profitable decisions on the trades we make. Those who cannot trade without emotions will of course find it difficult to get good results from the trades they make. and we often see those who cannot control their emotions when trading, of course they will lose more in the trades they make, when someone has decided to trade in crypto, of course they must be able to accept the risks they will incur when they make mistakes that are detrimental to themselves.

Yes, that's right, bro, because we, as beginners who want to trade, must first learn the knowledge about trading, don't be careless, we are the ones who lose, not other people, learn about the ups and downs of charts and learn to gain knowledge from friends who are hero members or the like, because if we Once we understand the trading procedures, everything will be made easier and we also understand future predictions, so don't be careless in taking action, you still have to be knowledgeable and consistent.


Title: Re: What should newbies do in trading?
Post by: GideonGono on May 21, 2024, 03:39:32 AM
They need experience, knowledge and patience.
Everyone needs to Learn first in order for them to earn, they should start of with demo account or small amount, don't rush things or jump in with high amount you are trading not gambling know the difference.
Watch some video guides or read some stuff so that you would know more.


Title: Re: What should newbies do in trading?
Post by: OrangeII on May 21, 2024, 07:52:55 AM
There are many things that trading beginners must pay attention to and learn, the most important thing is to be able to control emotions when trading in crypto. carelessness will make you lose all your money, In trading for beginners, study all the charts for each coin you want to buy. When you enter trading, the coin price will dump 50% so you can make a profit. Dare to trade in the crypto market means you have to be able to accept risks such as losing the money you trade.
Well, if we talk about newbies, there are lots of things that need to be considered, and they do. I think, the first thing they need to do is learn to do research to choose what they will trade. After that, he can look at the charts from year to year, and if they are confident with their choice, then they need to start with small capital as their experiment. If their strategy is successful in a few days or weeks, he can try to increase the value of his trading, and start looking for other coins.


Title: Re: What should newbies do in trading?
Post by: benalexis12 on May 21, 2024, 09:27:28 AM
When it is said that a newbie who enters the crypto space has no idea or knowledge of anything in cryptocurrency, It means that since you don't know anything about this field, first find out or confirm with yourself if you are really serious about making a profit here. Of course, you will answer yes, right?

In that case, don't be in a hurry to earn; learn first and absorb what you will learn about crypto, trading, and potential cryptocurrencies. Remember, there is no shortcut here. And lastly, don't be greedy, because you insist that you want to make a lot of money right away. What I can advise you is to just go home and play PSP games.


Title: Re: What should newbies do in trading?
Post by: Ever-young on May 22, 2024, 06:03:42 AM
For me, I will like to say that they should be aware of cryptocurrency either investing or trading, they first have the knowledge and the understanding of it, know how and when to trade, the amount they should start with and how much duration of time and energy it requires because not all trading one has to spend time and also knowing what to do when they either loss or profit and also they should not always rely on other traders or investors but should do some research by themselves to understand more, also should not be in a hurry to learn fast, least they might make mistakes and also not be selfish or greedy or should be impatient because these are the most reasons why traders fail or lose and whatever thing they don't understand, they should never hesitate not to go and seek support or help from others who has more knowledge or understanding.


Title: Re: What should newbies do in trading?
Post by: Mehedi72 on May 22, 2024, 11:45:59 PM
There's no much trick for trading. But learning is important, it'll makes you survive while difficulty comes. The more you learn, the less you loss. Making profit do matter but i think,  the major fact is, not doing losses. Although loss and gain are common in trading. And avoid risky trading. If there's no project for trading, then off your trading. And fandmental analysis more important i think when you have a silent market cause many trade can be profitable base on fandmental analysis. And start with less fund that you can afford. And don't jump future trading at the beginning


Title: Re: What should newbies do in trading?
Post by: fauzan Ichsan on May 23, 2024, 08:17:36 AM
There's no much trick for trading. But learning is important, it'll makes you survive while difficulty comes. The more you learn, the less you loss. Making profit do matter but i think,  the major fact is, not doing losses. Although loss and gain are common in trading. And avoid risky trading. If there's no project for trading, then off your trading. And fandmental analysis more important i think when you have a silent market cause many trade can be profitable base on fandmental analysis. And start with less fund that you can afford. And don't jump future trading at the beginning
Fundamental analysis is usually done for long-term trading, if we want short-term trading, many people use technical analysis, but this is not easy to do, because the theory for the analysis can be easily learned, but many other traders are trapped by psychological pressure. trading, but it is not impossible to master, with experience we will have natural intuition