How to overcome my fear and how to start trading?

[kryptqnick]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

First, what are you afraid of? Losing your money? Not gaining sny profit? These two sre inevitable and you should just accept the fact that there is always a risk that comes with trading.

You can start day trading if you need to profit daily.
There is a really good article about it and some begginers questions that is answered in here: https://www.bitdegree.org/tutorials/day-trading-cryptocurrency/

You should keep in mind that with day trading, there is much more risk compared to long term holding so you may want to have a separate money for your trading and your funds for daily expenses.

I agree that trading requires investing money at your own risk, rather than instantly getting to profit from it daily. OP, from your post I can see that you are new, short on funds and nervous. I really think that trading is not the best choice for you right now. Trading is a hard thing to do and many people fail to gain anything from it. Bearish market trend is not helping as well. If you need money, you'd better find a job and return to trying trading when the market gets bullish and when you have some funds that you are okay to lose. To start knowing cryptos and opportunities with it, you can buy some from the top (btc, eth, ltc, neo etc.) and hold long-term. The risks are not as high as in trading this way, but daily profits are off the table, of course.

[1713951815]

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[1713951815]

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[1713951815]

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[Jaycee99]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

Jere is the thing you need to do to overcome the bad outcome or rather resuslts of being a trader who may fail.

1. It is to overcome it the failure so, in other words expect the unexpected of fail. Handle it
2. Due to failure do not panick and think of you will sell or hold you might regret it in the end.
3. A true traders waits so, they will seek get you investment back to the top. Hold!
4. When you invest please only invest an amount of money that you are already handle to lose.
5. Buy low and sell it high.

[entrepmind23]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

One thing that would hinder you in trading objectively would be focusing too much on earning money that would make you greedy and would end up to more losses most probably. The first one to develop OP in trading is to have your emotions in check so that you can trade rationally and would follow your plan. As to how to overcome your fear, it would only be managed by trading always until such time that you will be used to it and can trade without minding your emotions.

I have been having this same fear before and I will advise you never to put money in trade if this fear is not deal with as cryptocurrencies market is a very risky market and you can lose all you risk capital if you buy any coin at the wrong time and price.  Knowledge and skills is what terminate fear and you should never be discouraged in learning.

Continuous learning is the key and you would not be able to acquire it in just a snap. It is a step by step process and you should have patience and not be rush when it comes to decision making. From OP's statement, it seems that he has no other source of income and he hopes that he can earn in trading and there is no nothing wrong with it but it would be very risky on his part because he would be emotional then. He should learn trading first without focusing that much on earning bigger profit because it will come naturally when he knows what he is doing.

[jrrsparkles]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

If you want to make money in short term then you should do day trading with appropriate capital based on your trading pairs,if it is going to be bitcoin then you needs about $5000 to cover the commision and the transaction fee.You only can over come your fear by experiencing that what makes you afraid of.

[Nasty23]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

I think you can overcome your fear in trading just by doing an own research so that you can easily learn it that can develop your strategy and can help you to minimize the risk of lossing a money in trading. I also think you should start input a small amount of money while you are new in trading because their are a lot of losses that we are experienced in trading for the first time on which can teach us a lot of new lessons that can help us to generate more profit in the future.

[anobtc]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

It's hard for a newbie, Everyone has to go through that period. But after researching about this market, Understand how crypto works (at the basic level) and operations of the exchanges (put a sell and buy order), you can use a small amount of your money to start. Then use your fund if you're doing well!

[tnabielec]

Paper trading.

Watch & analyze the markets, make paper traders and see what the outcome is if you would've taken trade there. If it went south, analyze why. If it went as expected, analyze why.

Analyze -> execute -> analyze the outcome -> win or learn -> repeat untill comfortable with your own analysis.

After that and only after that i'd recommend you using money.

No reason to throw money away when learning how to trade when you can do it for free. The odds of you starting to make money right from the get go are very, very slim.

[JimmieA]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

The first thing I think you should do is thinking about the purpose you came to this job. That is the biggest motivation, but you have to consider whether you really have the ability to become a trader or not. After all that, if you still feel scared, it means you are not fit for the job.

[berrygood]

You need to start with money you are willing to lose, because sorry but you will definetely lose money, but don't forget every lesson has some cost.

[Vangar]

The way I see how you should overcome fear is to know the unknown. Thus, I would recommend you to read as many online guides around as possible (here's my favorite https://www.cryptocointrade.com/). Read about trading in general, about cryptos, their supply, mining, platforms they are in, how the market moves, where you can get news, and what instruments/strategies exist that can help you.
Once you nail that info down, learn how to do simple technical and fundamental analysis on your own and then seek out free ones out there (in the link I've provided, their Facebook group has those though simple for starters). As the last step before you trade, you have several platforms that offer free demo accounts. There, you can open up orders for free and trade with virtual money to get the feel. Once you can see several consecutive wins, start with small amount of money, like $100. Then, gradually increase as you make money. If you do not, then pause a bit, try again with everything.
Just make sure you do not fall into the trap of click-baits and do not listen to people that spout prices and numbers as if they are God-given to educate all of us.
YouTube also has plenty of traders that record their own activities, so these are good to look at from time to time

[Azima85]

I really think if you're entering into trading with a view to earn daily you might panic if you start losing. So, my advice is to only trade with what you can afford to lose and slowly build your way up.

[katri]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

Leave your money as if you loss all it all! That's the best thing you gonna think in starting trading. In that way, you could freely chose the coin you wanted to keep without hesitation. Just buy the coin leave it for a certain period of time and come back later when maket condition is healthy.

[Thirdspace]

I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

by using money you can afford to lose and expect it to happen
but you mentioned you want to earn for daily needs, then trading isn't suitable for such thing
a newbie trader uses all his money in trading with such intention is waiting for disaster to happen
even an expert trader can never guarantee consistency of his daily profit

[Finestream]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

Leave your money as if you loss all it all! That's the best thing you gonna think in starting trading. In that way, you could freely chose the coin you wanted to keep without hesitation. Just buy the coin leave it for a certain period of time and come back later when maket condition is healthy.

I agree.Long term holding might give you more assurance not to lose your money than expecting short term trading to give you profit.If you really want to overcome your fears,trade for profits and not with your emotions.Most of the time you have to take risks so you can expect greater gains in the future.

[GreatArkansas]

First, you need to keep in your mind that trading is risky and invest only in trading what you afford to lose because it is really hard to earn profits, second , you need to study , because trading need knowledge, third, you need to control your emotion and keep reading and research about trading.

[zeromproject]

 I should have tried pair trading. and portion of bitcoin is important. because I am alt coin trader, It is very hard --;;

[ringgo96]

Investors will have fear, which is inevitable, but we need to constantly exercise our will. When courage surpasses fear, we will become more mature!

indeed when a new person is certainly a natural thing but indeed at the beginning we have to start with a little nominal to avoid shock and also big losses. to train courage and also nature

[fernandoclause]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

A long time ago I was also afraid to trade cryptocurrency in the market, I also saw a warning message of trading in cryptocurrency at risk because asset prices fluctuate but I like challenges, so I keep trying with the little money I have, and I try with $ 100 and a few weeks I make a profit, yeah, I get only a small profit, so I suggest using money that is ready to disappear to try cryotocurrency trading.

Good Luck

[jacee]

Hi I am just new in the trading, I just want to ask how to overcome my fear in trading and what should I do to start trading. I also want to trade with a short term cause I need to earn daily for my daily needs can someone help me and give some that I used to start my trading now.

First, what are you afraid of? Losing your money? Not gaining sny profit? These two sre inevitable and you should just accept the fact that there is always a risk that comes with trading.

You can start day trading if you need to profit daily.
There is a really good article about it and some begginers questions that is answered in here: https://www.bitdegree.org/tutorials/day-trading-cryptocurrency/

You should keep in mind that with day trading, there is much more risk compared to long term holding so you may want to have a separate money for your trading and your funds for daily expenses.

For me I am afraid that I might do a wrong transaction. I know that gor the beginner/newbies that it is too risky to do the trading. But if I already know how to do the trading then It will not be risky already but I do not know how will I start my trading. I need some advice on what steps should I do to start mt trading and what platform trading is good.

Just make sure that you double check the address that you are sending your transaction to. As for a good trading market, check out binance. I personally recommend this because it's one of the few exchange I use in trading when I feel like to.

There's also Hitbtc, bitfinex, cryptopia for small coins, and yobit ( this site doesn't have a good customer support so beware in using this).

[xuan87]

If you just want to start then it's not recommended to make trading as your source of income, trading especially in short term require a lot of experience and skills, and with using your money that you need for daily basis is a very bad idea, I think you better learn first and build your experience