What's your advice to newbies who wants to trade.

[Ishicryptic]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

If beginners assume crypto assets are a get rich quick scheme, they will have difficulty making the right decisions and will easily panic when corrections occur, so before investing, beginners need to learn the basics of Bitcoin, Blockchain and how the market moves as a whole. They also need to understand the risks because the crypto asset market is very volatile, so for this reason it is highly discouraged for beginners to invest with money they cannot afford to lose.
As a first step, beginners should start investing in small amounts, when they are used to the situation in the market and are able to control their emotions, they can gradually increase the amount.

Before newbies in trading should start using small amounts to trade they should first understand why they need such amount for trading, they should understand that trading is very risky because cryptocurrency are very volatile. It is very easy to lose money than making profits and that is why it is advisable to use small amounts so that if they lose they will learn from it and have coins remaining to trade again. People believe that online is the best place to be their own bosses and make money, there are many opportunities and trading is one of them, but most of the newbies makes the mistake of thinking that trading is a get rich quick scheme. To be a successful trader somebody must learn it very well, if not they are no difference from gamblers.

[Mahanton]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

If beginners assume crypto assets are a get rich quick scheme, they will have difficulty making the right decisions and will easily panic when corrections occur, so before investing, beginners need to learn the basics of Bitcoin, Blockchain and how the market moves as a whole. They also need to understand the risks because the crypto asset market is very volatile, so for this reason it is highly discouraged for beginners to invest with money they cannot afford to lose.
As a first step, beginners should start investing in small amounts, when they are used to the situation in the market and are able to control their emotions, they can gradually increase the amount.

Before newbies in trading should start using small amounts to trade they should first understand why they need such amount for trading, they should understand that trading is very risky because cryptocurrency are very volatile. It is very easy to lose money than making profits and that is why it is advisable to use small amounts so that if they lose they will learn from it and have coins remaining to trade again. People believe that online is the best place to be their own bosses and make money, there are many opportunities and trading is one of them, but most of the newbies makes the mistake of thinking that trading is a get rich quick scheme. To be a successful trader somebody must learn it very well, if not they are no difference from gamblers.

For me then these steps will be the best.

1. Go finish up some course on Babypips.com
2. Try Demo account on those known exchange platform
3. Familiarization with terms and indicators
4. Test out with small amount on a live trading account
5. Apply those things you do learn in terms of TA
6. Try to apply some mix of FA as well
7. Continue to learn with different market variations
8. Set out Plan B or C and so on if Plan A didnt work
9. Proper risks management - which this is the most important thing of all.

On the time that you have decided to step your foot into this market then make it sure that you do come prepared. Why? Market is unpredictable in the first place.
No matter how good you are when it comes to strategies and analysis but still it wont be giving out that 100% precision when it comes into this aspect. You are the ones will
be making out that kind of adjustments on whatever the situation or condition that you would be that trying out to deal on with.

[Distinctin]

Instead of trying to stop these newbies not to go on trading because of their lack of experience and skills, my advice is, let them trade and experience on their own how risky trading is, that way, they will learn trading the hard way. And for sure, the next time they trade, they will prepare for it to avoid further losses.

In reality, no matter how we discourage newbies not to rush in trading, the more they will force themselves to try trading, until they will start trading on their own and realize that there’s no easy trading, everything is actually tough and risky.

Once a risk taker, no matter how people will stop him from not rushing into trading, this kind of person will still chose to take the risk in trading, because if he wants to prove something, then he should learn it by doing.  But nevertheless, the more you enter trading without enough preparation, the more you will be prone to bigger amount of losses. That’s why while others are fearless, some still chose to be fearful most especially if they have no confidence in trading.

[Oshio-man]

Not all newbies that will take that advice from you op, there are some newbies that will like to buy coins with huge amount of funds to trade to get access to plenty income which is not by big amount or small amount of funds you use to trade that will guarantee you plenty income, my advice to those that will accept it, Never you go into competition with any traders to use what you can't afford to lose to trade because it will make you not to earn what potential traders are earning from cryptocurrency trading, Learn how to exercise patient when you are waiting for the bullish season to come before you can trade, As a newbie trade with what you can afford to lose in cryptocurrency trading because the market may favour you today and be against you tomorrow to loose what will make you unhappy but don't give up on cryptocurrency trading.

[Rockstarguy]

Snip

It is not even the amount of money used in trading as a beginner that will determine profit. As a beginner, you don't even need to be so fast in using so much money to trade, because the most important thing is to have knowledge and to start small to learn better and gain better experience. It is very risky to start trading as a beginner with a huge amount of money because at this stage of trading you do not really understand how the market works. Trading at the beginning is not about how big the money being used for trading is, but about what you understand and can yield a successful trade.

[mirakal]

Not all newbies that will take that advice from you op, there are some newbies that will like to buy coins with huge amount of funds to trade to get access to plenty income which is not by big amount or small amount of funds you use to trade that will guarantee you plenty income, my advice to those that will accept it, Never you go into competition with any traders to use what you can't afford to lose to trade because it will make you not to earn what potential traders are earning from cryptocurrency trading, Learn how to exercise patient when you are waiting for the bullish season to come before you can trade, As a newbie trade with what you can afford to lose in cryptocurrency trading because the market may favour you today and be against you tomorrow to loose what will make you unhappy but don't give up on cryptocurrency trading.

Because not all are here to listen and follow good advice. Some just forget about it and continue doing what they think is right.

In fact, we have to be thankful to those old traders for sharing how they stepped out of their mistakes for us to change. Unfortunately, instead of doing what they say, we do the opposite and commit the same mistakes that the old traders did before. I could say that no matter how much advice we give, nothing happens if we don't see it as valuable. We are still doing wrong before we learn something.

[Arenga pinnata]

Not all newbies that will take that advice from you op, there are some newbies that will like to buy coins with huge amount of funds to trade to get access to plenty income which is not by big amount or small amount of funds you use to trade that will guarantee you plenty income, my advice to those that will accept it, Never you go into competition with any traders to use what you can't afford to lose to trade because it will make you not to earn what potential traders are earning from cryptocurrency trading, Learn how to exercise patient when you are waiting for the bullish season to come before you can trade, As a newbie trade with what you can afford to lose in cryptocurrency trading because the market may favour you today and be against you tomorrow to loose what will make you unhappy but don't give up on cryptocurrency trading.

Unfortunately, most beginners usually start trading with enthusiasm and motivation to make a profit quickly. As a result, they often don't hesitate to use a significant amount of capital. While not all are like this, I often see beginners do this. They are careless at first. Only after they experience losses do they begin to learn from their losses.

It's sometimes difficult to advise beginners who are already too eager to jump in and make a profit. This is because they often start with high ambitions, which is precisely what should be avoided from the start. This is why many people suddenly become traders in bullish markets and then give up too quickly. This usually happens because they rush in without proper preparation. So, when they lose, they aren't prepared for the loss and ultimately give up.

However, there are also beginners who are cautious from the start. They even study carefully from the beginning and take their first steps with small capital that they are prepared to lose. It's usually hoped that beginners like this will have a fairly successful path as traders. However, this is quite rare.

[MissNonFall9]

Like with others seems risk management is one of the most lacking by everyone because even though they have a knowledge and skills but they get lack with the risk management is they didnt make it at all with the profit getting greedy with their trade instead taking profit they choose to be wait until where the market could bring it also with trading once you see lossing your money other makes fear and commit another greedy trades because they want to earn back their losses. I recommend always stick to the trading strategy that works on you still continuously learning to adopt.

Risk management is very important for a successful trading which you have presented very well through your speech. Risk management in trading brings long-term success to traders by reducing financial losses. Since capital is a very important issue for any trader or person, learning risk management is a very important issue, which helps a person or trader to increase confidence with discipline. Along with that, risk management determines the type and amount of capital used by a trader.

[Fiatless]

Because not all are here to listen and follow good advice. Some just forget about it and continue doing what they think is right.

In fact, we have to be thankful to those old traders for sharing how they stepped out of their mistakes for us to change. Unfortunately, instead of doing what they say, we do the opposite and commit the same mistakes that the old traders did before. I could say that no matter how much advice we give, nothing happens if we don't see it as valuable. We are still doing wrong before we learn something.

It is better to learn through the mistake of others, than to have a bad experience. I suspect that the reapn why some trader don't take advice from experience ones is because of greed. They want to make quick money from trading, so they end up taking uncalculated risks that can lead to big losses. Some of them end up learning their lesson the hard way when they suffer losses. I am not an active trader because I have not gained enough knowledge to start my trading adventure.

[Ricardo11]

Because not all are here to listen and follow good advice. Some just forget about it and continue doing what they think is right.

In fact, we have to be thankful to those old traders for sharing how they stepped out of their mistakes for us to change. Unfortunately, instead of doing what they say, we do the opposite and commit the same mistakes that the old traders did before. I could say that no matter how much advice we give, nothing happens if we don't see it as valuable. We are still doing wrong before we learn something.

It is better to learn through the mistake of others, than to have a bad experience. I suspect that the reapn why some trader don't take advice from experience ones is because of greed. They want to make quick money from trading, so they end up taking uncalculated risks that can lead to big losses. Some of them end up learning their lesson the hard way when they suffer losses. I am not an active trader because I have not gained enough knowledge to start my trading adventure.

Those who are new to trading are very wrong in this kind of activity, that after gaining general knowledge about trading, they become desperate to achieve success in trading, and they start using a lot of money in trading without adequate advice. Trading is a field where the possibility of loss is high if patience, knowledge, and rules are not followed, moreover, trading is more difficult than we imagine, so here we must definitely take advice from an experienced trader. Learning from the mistakes of others is really a great virtue, it is definitely good to have this kind of mentality, but if you can learn from the real experience that you will gain on your own, that is, In the first stage you will have to face losses, and from that, If you can learn more deep from that, then it is even more effective.

[nara1892]

Because not all are here to listen and follow good advice. Some just forget about it and continue doing what they think is right.

In fact, we have to be thankful to those old traders for sharing how they stepped out of their mistakes for us to change. Unfortunately, instead of doing what they say, we do the opposite and commit the same mistakes that the old traders did before. I could say that no matter how much advice we give, nothing happens if we don't see it as valuable. We are still doing wrong before we learn something.

It is better to learn through the mistake of others, than to have a bad experience. I suspect that the reapn why some trader don't take advice from experience ones is because of greed. They want to make quick money from trading, so they end up taking uncalculated risks that can lead to big losses. Some of them end up learning their lesson the hard way when they suffer losses. I am not an active trader because I have not gained enough knowledge to start my trading adventure.

It's true, because prevention is always better than cure. Learning doesn't always have to come from one's own experience. There are many other people's experiences that we can learn from. I also agree with you that one of the reasons why traders, especially beginners, often find it difficult to accept advice from others is because of greed. Furthermore, they often have a selfish and arrogant nature, thinking they can do something right to achieve large profits when in fact they are trading with the wrong approach.

For me, trading is an activity that takes a lot of energy and time to learn. There are many things that must be considered in detail, such as when the right time to enter and when the right time to exit. Many beginners enter at the wrong moment, which actually results in significant losses instead of profits. Greed, laziness, arrogance, and selfishness are often difficult to overcome in traders, especially beginners.

[WhoYouCantKill]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

Quick advice to Newbies concerning crypto trading from me:

Deal with crypto like a high risk environment rather than a quick way to wealth. Begin small, only invest as much as you can afford to let go in case. Please avoid high leverage it leads to liquidation too fast, set goal on the long term holding (mostly for Bitcoin and other solid projects) rather than daily trades and acquire, repeat exercise and be temperate. The trade market won't go nowhere

Briefly: play the long term game, hold regards for the risk and manage your emotions.

[dunfida]

Because not all are here to listen and follow good advice. Some just forget about it and continue doing what they think is right.

In fact, we have to be thankful to those old traders for sharing how they stepped out of their mistakes for us to change. Unfortunately, instead of doing what they say, we do the opposite and commit the same mistakes that the old traders did before. I could say that no matter how much advice we give, nothing happens if we don't see it as valuable. We are still doing wrong before we learn something.

It is better to learn through the mistake of others, than to have a bad experience. I suspect that the reapn why some trader don't take advice from experience ones is because of greed. They want to make quick money from trading, so they end up taking uncalculated risks that can lead to big losses. Some of them end up learning their lesson the hard way when they suffer losses. I am not an active trader because I have not gained enough knowledge to start my trading adventure.

It's true, because prevention is always better than cure. Learning doesn't always have to come from one's own experience. There are many other people's experiences that we can learn from. I also agree with you that one of the reasons why traders, especially beginners, often find it difficult to accept advice from others is because of greed. Furthermore, they often have a selfish and arrogant nature, thinking they can do something right to achieve large profits when in fact they are trading with the wrong approach.

For me, trading is an activity that takes a lot of energy and time to learn. There are many things that must be considered in detail, such as when the right time to enter and when the right time to exit. Many beginners enter at the wrong moment, which actually results in significant losses instead of profits. Greed, laziness, arrogance, and selfishness are often difficult to overcome in traders, especially beginners.

The best or good thing about learning up from other peoples experience is that you do at least be able to avoid into those things on which you've been wary because you've known with those situations but just like been said that not all would be able to read up and be able to learn aside from experiencing it yourself then that would be the best time that you can be able to learn through it. It would be that still depending on a certain individual because not all would be mindful into the things that they do able to encounter on which they would be just that simply move on and still made out on the same mistakes over and over again. There would be that those two different people on how they would be approaching problems and learn from it. To those who are that mindful then they would be that putting up into their minds and would be able to avoid it on next time.

We are all once a newbie on which we are that indeed prone into those mistakes even into those professional ones. They do only differ on the number mistakes taken due to some common reason.
Sooner or later on which at the time that you had already build up yourself then you would be starting up to make yourself having that kind of versatility in towards on dealing up with this volatile space.
It all matters on how you would be able to act accordingly on such scenarios.

[Baki202]

Before newbies in trading should start using small amounts to trade they should first understand why they need such amount for trading, they should understand that trading is very risky because cryptocurrency are very volatile. It is very easy to lose money than making profits and that is why it is advisable to use small amounts so that if they lose they will learn from it and have coins remaining to trade again. People believe that online is the best place to be their own bosses and make money, there are many opportunities and trading is one of them, but most of the newbies makes the mistake of thinking that trading is a get rich quick scheme. To be a successful trader somebody must learn it very well, if not they are no difference from gamblers.

Before they start trading, they need to understand that they need both money and knowledge because there are a lot of things that they need to understand. As a starter, we need to start with a small amount. You just need to start with what you can afford to lose. Volatility will only affect your trading when you are holding, and profit is very important because it is one of the important things that makes people want to trade because of the amount of money they see people make, which is one of the things that encourages people to trade, and this is why people need to just understand. And one good thing about cryptocurrency is that there is good opportunity in crypto when you think about all these things, so it is very important to know all things. So that when you start, then you become consistent about it.

[leonair]

Before newbies in trading should start using small amounts to trade they should first understand why they need such amount for trading, they should understand that trading is very risky because cryptocurrency are very volatile. It is very easy to lose money than making profits and that is why it is advisable to use small amounts so that if they lose they will learn from it and have coins remaining to trade again. People believe that online is the best place to be their own bosses and make money, there are many opportunities and trading is one of them, but most of the newbies makes the mistake of thinking that trading is a get rich quick scheme. To be a successful trader somebody must learn it very well, if not they are no difference from gamblers.

Before they start trading, they need to understand that they need both money and knowledge because there are a lot of things that they need to understand. As a starter, we need to start with a small amount. You just need to start with what you can afford to lose. Volatility will only affect your trading when you are holding, and profit is very important because it is one of the important things that makes people want to trade because of the amount of money they see people make, which is one of the things that encourages people to trade, and this is why people need to just understand. And one good thing about cryptocurrency is that there is good opportunity in crypto when you think about all these things, so it is very important to know all things. So that when you start, then you become consistent about it.

Only by keeping your emotions under control and starting trading with a small amount, you will gradually be able to learn a lot through small losses. Because while trading, there will definitely be losses, but to keep it within your acceptable capacity, you have to trade with a very small amount in the beginning. And you have to constantly do market analysis and apply new strategies. If a newbie can apply these things for a long time, then he will be able to practically learn a lot and gradually become an expert. However, you should always remember that trading is very risky, so even after becoming an expert, you cannot guarantee profit with any coin in a short time. Of course, you have to continue trading by accepting the risk.

[Hannah$]

Don’t rush into trading without sufficient knowledge and skills. Otherwise, all your time and money will be wasted knowing trading requires long-term preparation prior to entering real trading. Know that trading is certainly hard and risky, now if you start trading with lack of knowledge and experience in the market, you are not minimizing your losses while trading but in reality, you are only increasing the rate of risk you are going to suffer while you are trading.

Yes, I agree with you. Those who want to do new trading must move forward with a specific target. And what goes without saying is that the most important thing is to gain sufficient skills and knowledge about it. If you want to trade, you must learn to analyze, otherwise your risk will increase. If you want to be successful in trading, long-term preparation is definitely very important for you.
I think that if someone starts trading without knowing the details about it, he will always lose money. So my advice would be that you do not rush and move forward at a specific time, then maybe you can do something good.

[Wakate]

Before newbies in trading should start using small amounts to trade they should first understand why they need such amount for trading, they should understand that trading is very risky because cryptocurrency are very volatile. It is very easy to lose money than making profits and that is why it is advisable to use small amounts so that if they lose they will learn from it and have coins remaining to trade again. People believe that online is the best place to be their own bosses and make money, there are many opportunities and trading is one of them, but most of the newbies makes the mistake of thinking that trading is a get rich quick scheme. To be a successful trader somebody must learn it very well, if not they are no difference from gamblers.

Before they start trading, they need to understand that they need both money and knowledge because there are a lot of things that they need to understand. As a starter, we need to start with a small amount. You just need to start with what you can afford to lose. Volatility will only affect your trading when you are holding, and profit is very important because it is one of the important things that makes people want to trade because of the amount of money they see people make, which is one of the things that encourages people to trade, and this is why people need to just understand. And one good thing about cryptocurrency is that there is good opportunity in crypto when you think about all these things, so it is very important to know all things. So that when you start, then you become consistent about it.

Understanding how to trade is very important before anyone has to decide whether they want to be a crypto trader or not. There are so many things to learn as a trader and it's not a time when one need to keep jumping from one YouTube influencer video to the other on how to make quick money from the market.

Trading is complicated and this has been the reason why we are seeing so many experienced traders complaining about not making significant profit from the market. Trading is all about your strategy and risk management. This is what many trading tutors would also tell you and that have been what has been responsible for many successful trades.