How to overcome my fear and how to start trading?

[deus030518]

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.

To overcome your Fear you need to study and learn how to do the trading so that when you do it you will not be afraid of it. At first it is normal that you are afraid of the trading cause you are just a newbie and if you have started already you will know what you will do on your next trading. You can learn from the mistake that you will omit so do not worry if you commit a mistake at the first time.

[deus030518]

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.

I agree to what you have said but some other people are finding some ways to earn a daily profit with the trading. I have seen some others that making profit daily in trading. But as of now you cannot make a profit with the down market cause there are only a few who invest in the crypto  and it is causing the price to fall. We have to double our work to promote the crypto so that there will be increased in investing the crypto. It is not hard to promote the crypto other people if you know how to properly introduce it.

[redsun114]

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 believe that the real reason why you are afraid of trading is because you know nothing about it. If you have learnt and had a first experience on how it works, trust me you wouldn’t have any cause to fear.

So you should go back and learn it and after learning it you can come back then invest an amount that you’re ready to lose, maybe a $100 just for a start to have experience on how it works. After that you wouldn’t have any fear in you and you will start to see it as fun

[justdimin]

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.

Learn as much as you can and start by practicing but by bit until you are sure you are good enough to go on. A lot of people rush in trading their whole funds because they want to get rich overnight, but trading is not something you just dabble in all of a sudden because you will just dabble out the same way you came in.

Start with very little or no capital, and by no capital, there are some platforms you can get fake funds to trade your strategy and make sure you are good enough to go before even starting with real money. When we are not fear about nothing to lose then we can stay with trading confidently which may lead to overcome any kind of fear very easily. Low capital must be the key here as when losses will be low then fear factor also will be low.

Starting trading could be done in multiple ways in some sense, yes most people start trading and then start learning. Even it is not the recommended way of starting trading, they do argue like real time learning is much better than anything.

[Usafstar]

Here in trading there will be no fear if you are wise and you have the market knowledge because if you are unaware of the market you can not perform trading as profitable as it is and in trading the fear can be minimized through good team for trading and experience of the traders now best learning sites are also providing good tips for trading.

[wuvdoll]

Compared to all other FUD makes I suggest OP to actually go out and test the waters, right now is the best time to start trading because the market is at a dip right now and unlikely to go too far below, it can still go down of course this is finance but in the end there is absolutely no way it can drop as much as it did since December.

Hence, I think its perfect time to try to test the water. Some coins like nano or gvt or so has been going up and down lately, meaning the market has some movement in some places, your job would be to smell the bacon and see where it is getting cooked and when you find it before it goes up try to grab it. That way you will be ready when an actual bull run happens.

[vinbentrob]

Knowledge of what to do and plan of action is the antidote to fear in trading of cryptocurrency.  You need to know how the market work, you need to have plan on entry and exit and you need to know when to pull the trigger and when to do nothing.  These are the way to overcome fear to making profit in cryptocurrency!

[NavI_027]

The latter question was not hard to answer, I'm pretty sure that crypto traders inside this forum can help you and give you an advice on what to do first. You could also search stuffs about Day Trading since you want short term earnings.

But for your first question, you must be the one who can resolve that. I know that we can give you friendly advices and motivations which you may considered but still, the only one who will face your fear was YOU. So now, better have an introspection and assess yourself . (I hope this helps)

[Missterio]

It is necessary to set a goal and strictly go to it.

[clairdelune]

If you have the knowledge in trading then you should not be fear of trading and you know what transaction you should do but if you cannot overcome your fear then trading is not for you cause your fear will make you lose what you have invested and it will lead you to wrong transaction.

[el kaka22]

Firstly you have to use money that afford to loss, and then you have to learn technical analysis to determine support and resistance area to decide best are price to buy and sell. After that learn also about risk management to minimize the risk, like use stop loss whenever bought crypto, and you should be have monthly target profit.

Even with using money you can afford to lose, you have to be sure you have a good knowledge and from the knowledge you have been able to get a good strategy to keep you going at least. There would still be some hiccups and mistakes in the middle of it all, which is why it is necessary to trade so little and also learn capital management.

People, who rush in a lot, always end up not gaining any confidence at all from their experience. The advantage of gaining the experience is so you can eventually get confident with your strategy. As per some professional trader's view, one should get into trading even he is afraid of losing capitals because for some people only practical things alone may give them enough confident and waiting for starting after get rid off the fear will never find an end.

[kynaz]

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.

I think this may be best applied when the market enters the uptrend. If the downward trend continues, these may become useless as investors' sentiment will be greatly affected. Personally, I only invest safely and will sell when I get a good profit

[dimonstration]

Firstly you have to use money that afford to loss, and then you have to learn technical analysis to determine support and resistance area to decide best are price to buy and sell. After that learn also about risk management to minimize the risk, like use stop loss whenever bought crypto, and you should be have monthly target profit.

Even with using money you can afford to lose, you have to be sure you have a good knowledge and from the knowledge you have been able to get a good strategy to keep you going at least. There would still be some hiccups and mistakes in the middle of it all, which is why it is necessary to trade so little and also learn capital management.

People, who rush in a lot, always end up not gaining any confidence at all from their experience. The advantage of gaining the experience is so you can eventually get confident with your strategy. As per some professional trader's view, one should get into trading even he is afraid of losing capitals because for some people only practical things alone may give them enough confident and waiting for starting after get rid off the fear will never find an end.

Afraid of what bad happening or to lose your capital is a normal emotion and part of our life but to panic selling of what happened like the situation now in the market are not a good idea. Of course if you entered in crypto investment you need to control your emotion you need to know also the volatility of crypto.

[Xising]

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.

Well, for me, I think it's mostly about the mindset. If you are serious with becoming a trader, you should embrace it's cons much like you embrace its pros. One should know as an investor that everything has its fair share of risks, especially in this market that actually has a lot of risks and doubts involved. Therefore, it should be part of your strategy or tactic to deal with losses and make sure that when those moments come that you don't give up easily and see why you had those losses.

[pritibitisi]

For me trading will always be associate with fear specially in bear market
but you can add confidence in your trading if you are backed up with TA and FA and your preferred strategy
in your trade.

[Panunggalan]

now everyone must be panicking to see the price of coins in the market trading, start trading when the price of BTC coins rises, if you can trade or invest in BTC coins in the long run, if the price of BTC coins goes up we will profit a lot.

[Robert12312]

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 depend on your ability, you can get more experience after long time trading, no one can help you immediately.

[bering]

People advice will not always working well because to being an profesional traders it depend on your knowledge and your skill to predict the price movement and all of it can you get from your personal experience during trading but do not fear to start something that you consider is right and you should remember all of the things in this world have their own risk

[rayk]

It is like swimming, you need to jump into pool to overcome your fear and learn how to swim, it really does not matter much if you watched or read lots of thing related to trading.

[Thanasis]

Trading is not that much harder,it is just buying and selling the crypto currencies so you don't have to be afraid of doing this and also be strong on your decision and don't look at your losses it is just a lesson and move on to find the better strategy.Remember that you are not a loser until you loset your self confidence of getting successful into something.