Difficulties (ups and downs) faced in trading?

[justspare]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Yeah, there is no single lie in all the things you have said, the only issue is that it sounds so simple when saying it, but when the reality kicks in, it becomes a totally different thing. Trading is not just about technical analysis; it is all about understanding some certain things, getting to have some attributes from experience before deciding to go fully into trading.

Trading is a profession, but some people tend not to see it that way. It requires learning, practicing as much as you can and gaining confident over time.

My advice usually for new traders is never to rush into it and they should simply take their time and do it right. Paper trading and demo trading is something achievable in which you won't have to trade with real money, but you can practice with these methods, and see how far you get to go.

[otundebis]

For a beginner going to trade cryptocurrency,  you must learn what cryptocurrency is all about.  The depth of your knowledge will create clear understanding of how cryptocurrency works.  In addition to cryptocurrency knowledge,  you should learn how to identify fundenmental and technical factors that will have a bearing on short to long of your holding!

[SpringfieldM1A]

Aside from actually trying to learn and study first before going in, I always suggest that new traders should always use only a very small percentage of their total trading stack(probably 5%, depending on how much the total stack is) to start their trading. As beginners, it's highly likely for them to lose money first as they learn. They should just increase the percentage as they get confident as time goes.

I do not even advise any new trader to use a little bit of their money or a certain percentage, which most of the time, they usually do not tend to learn much that way based on practicing what they are learning. They could still blow it all away and then eventually get to add more to their position to trade. The best is just to, at least use some of the sites that offer demo trading with free money to practice, get good at your strategy, utilize it for a very long period of time and gain enough confidence before even entering the real trading world.

[Ararbermas]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

First of course focus on your strategy and target and don't rely on others predictions and news about the circumstances of the market. which is make you own research as well to avoid failures/mistakes decisions. Especially newbies 'cause most is greedy even had no idea how it really works, so i suggest gain some knowledge first,  then go for it when you ready but bear in mind as well to always control the emotions when there's a serious situation because that's the common reason why some traders nowadays always end up regretting.

[tosmartak]

Beginning a trade requires great deal of trading knowledge as there is absolutely no way you .can do well without it. Understand the  nature of the market you are trading, The fundamentals, and all the basic things necessary and over time, you will get your own strategy and how to always play around it.

[Jahmal32]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Well, to begin to study the functionality of the exchange, the simplest slang trader formation, what are the currencies, strategies, at least to hear it.
Make a note on the sheet with the rules of money management!!!
Always use stop orders, so as not to lose everything at once.
A lot of very nuances, everything will come with experience!

[worldofcoins]

In my opinion, trading is a stressful job. There are so many changes and so many things happening that its hard to keep track and most importantly to decipher what piece of news cause a don or up trend. For now, I think we're in up.

[rodskee]

In thses recent situation difficult to work in trading because hard ti choose and predict which coins goes up
Yes that's the reality trading job are so difficult as of now hiw ear profits but in the right will gonna be ok again

[onaiwusun]

Trading is a game of wits, only the smartest are able to make money at the expense of those who are less smart as they are, particularly in a bear market

[kwarto]

It's really difficult to ride this. Have many friends that quits because they loss with their investment because they can't have a god choice on the market volatility. I think practice will make you more knowledgable and reading some messages.

[richcorner100]

Yes seem technical analysis is not work in crypto trading, we can see the price of altcoin was going down lower than price in 2017, even the price back to the bottom like in 2016. In this situation is more difficult to make profit so is better we just use small amount to trade and use others balance to trade in others asset except crypto. When bull market is back we use more money to trade crypto because in this up trend is more easy to earn profit.

[imsotiredofmoviereboots]

For me, trading cryptocurrency is only profitable when everything is healthy. Even if you don't know a lot in trading, you can make a lot in here because money is still pouring like back in 2017 . So for those starters, it's really a bad time to decide for yourself to trade right now.

[passeroutpass]

I always advise to be constantly trained in order to understand how the market works. And also learn how to control your emotions.

[liuqi]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

The basic advice is buy low and sell high. But before to start trading all the new traders are must plan to choose our crypto then they will pick the best exchanges then only we can maintain the trading fees and our profit. The current situation all the peoples are expecting quick profit so big fails also possible in some investment. We should participate in promising platform it will never fails in future do concentrate in long term investment. If beginners are looking to day trading it is too risky investment.

[DarkBullet]

I am only a swing trader during my work days and a day trader when I'm on a day off. My best advise for a newbie traders to focus on is to practice controlling their emotions while trading like don't be greedy, don't put all your funds to one altcoin but instead, divide it up to 5 altcoins or divide your funds to 5, what I mean is only trade 20% of your funds and the remaining 80% will be for buy back. Trust your instinct and focus on the price movement.

[Herostorm]

The current difficult ups and downs that I face dealing with is choosing the wrong coin of poor quality, coin of poor quality will be the coin that causes us to decline can only in the short term the price of copper coins will recover.

[leonix007]

Yes seem technical analysis is not work in crypto trading, we can see the price of altcoin was going down lower than price in 2017, even the price back to the bottom like in 2016. In this situation is more difficult to make profit so is better we just use small amount to trade and use others balance to trade in others asset except crypto. When bull market is back we use more money to trade crypto because in this up trend is more easy to earn profit.

Not really true

TA's do work, this is the reference and guide of a true traders

Don't trade blindly by guessing bud, it will eat up your capital

If you seem or likely that your TA reading is not what it meant to be, there's something wrong on how you read it

Learn and practice different indicators and trends, until you seek what really tells you the exact expectations

[ss890]

Every platform is aimed to yield profits and trading platform is one of the best platforms to invest and gain turn over. We do have experienced traders here. Few love to start trading after their research here. What are the things you would advice a new trader to focus on? How should one go about when beginning his / her trading?

Actually if you want to start with the basic tricks then know that ups and downs are the most basic things that you will have to look for. These are the only features of any coin or asset here which will help you gain huge profits over the time. For example, whenever you see a coin dumping itself in the value, then it will be like getting you chance to buy more and then after that whenever it comes up again then you will have chance to make profits by selling at the higher prices. There you go, this is not facing of something bad in crypto but something that can really help you achieve big things within the crypto trading sphere.

[Iykecollins]

It is very important to plan for a good exit and entry, lne of the mistakes I made trading is never taking profits and no stopping loss, have always believed it will always end going up. Patience is also a virtue in this game. That profit may come if you wait a little while.

[tulezua]

The only thing that you need to do in a tough market is NOT to lose money, so if you do that you will not like it when everything goes back and you miss the shot. Break up to get to the moon.