I fail in trading

[Andrew1337]

You should first time to stay away from crypto at least few months and just watch how's the charts are going on.
or you can go on exchange that allows demo mode and play around with some random values and see if you are enough lucky at day trading

[cunguks]

Try again and find out your weaknesses. But there is one thing that you need to know about your financial situation. You need to save more and use the money does not affect your living expenses. It will make you more comfortable when you start investing.

First of all, we need to know who we are, what kind of situation we're in, and how well we are in this kind of situation. After listing all these things in a concrete subject, we'll go easier in creating strategy for trading. In case fail, we would not that depressed. We know about it because we have measured the risks. Try it once more, and if we get loss again. This may something is wrong with the plan. Then just evaluate that plans. We need to have this kind of attitude to be ready for trading.

[sopanbmp]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Don't ever trading if you dosen't have any skill on that! if you only use your feeling for trading Don't be greedy is the key! you take profit then you must wait untill the right moment to buyback.

[Ucy]

The failures should be part of your learning process.
We all went through thesame difficulties as newbies.
Have you tried demo trading?  Demo trading is a way to practice live trading without trading with real money. Below are some trading sites with the demo trading.

Altcoinfancy
https://altcoinfantasy.com/

HitBTC Demo trading
https://hitbtc.com/

Niffler.co
https://niffler.co/

Cpaytoday Exchange Simulator
https://www.cpaytoday.com/trialbitcoinexchange/

CoinMarketGame Simulator
https://coinmarketgame.com/


BitMEX Stimulated Trading.
https://testnet.bitmex.com/

[Biscutard]

You have to learn more about how to determine support and resistance area by use price pattern and some indicator. If you understand already how to do that so you will know which level price to buy and what is the stop loss level. Different between stop loss and take profit should 1:2 , for example if stop loss 5% so the take profit should be minimum  10%.

It might take a little while for OP to sink everything into his head due to his loses but if he's ready to get back again. Then persistence is the key to it while having some patience to learn everything in order to proceed to his next level of challenges in trading.

[Joyawan13]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Read more about trading here. You will get more experience about your trade. To be able to trade is not an easy thing for everyone to do, but with the spirit of desire and hard work to learn to trade, it will make you able to do it, be patient and avoid panic in trading as important.

[omonuyak]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Trading is a game and those that know how to play the game make the best money. I think you should try to develop your skills than trying to put in money because your skills is what make you money and not your money.

[greeklogos]

Why the government plan to make available crypto trading only to registered traders? Because the most of new traders without experience fail, just like you did. I also tried and also lost, that's why I moved to investment, I bought some coins and simply wait for a good price to sell.

[Ronaldcoin2017]

Why the government plan to make available crypto trading only to registered traders? Because the most of new traders without experience fail, just like you did. I also tried and also lost, that's why I moved to investment, I bought some coins and simply wait for a good price to sell.

Well not all of the traders really get success on the trading feild. I think it's depends upon the situation. K believe that the bitcoin will really rise for fall and we really need patience on it for us to gain, we have difernt ways and different situation that we maybe face on crypto that means we also didn't have an assurance to earn or maybe to loss on this feild.

[matchi2011]

Why the government plan to make available crypto trading only to registered traders? Because the most of new traders without experience fail, just like you did. I also tried and also lost, that's why I moved to investment, I bought some coins and simply wait for a good price to sell.

Well not all of the traders really get success on the trading feild. I think it's depends upon the situation. K believe that the bitcoin will really rise for fall and we really need patience on it for us to gain, we have difernt ways and different situation that we maybe face on crypto that means we also didn't have an assurance to earn or maybe to loss on this feild.

That's  right we do have our own ways of gaining from this industry, we can create our strategy that will allow us to take advantage with any situations
that happening inside the market, we just need to realize that reading and following strategies coming from other successful traders can be basis but
not really a dependable, what other's strategy can be applicable for them but not for those who only copying the system.

[omorfi]

Start trading with a low amount of money that you dont need too much. Do not risk a lot of money. While trading, try to do the opposite of what comes to your mind. And keep the results in mind.

[Indrawan77]

To be successful in trading there is no shortcut and not all the times the chart is going to work, keep on building on your experience and try to trade as much as possible, it doesn't need to be a big amount, its important that you learn where does your speculation goes wrong, and dont get discourage, a lot of good traders start with failure, but with determination and keep on learning they can succeed

[udidrone]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

I think you need more trial, but try to use a little capital of money. I know it will be different when practice with little amount of money or when with big amount of money, but you can do it step by step. And on that trial i am sure if you not always lose, sometime get profit.

[bering]

Fall in trading is common thing and almost all of traders had experience such as it and although there was several people who called traders expert but they also had experience to lost but the difference is they can able recover back their losses and everything is not happened instantly here that to being an expert you have to through plenty of process to reach that achievement and the most important is do not give up

[thinkright]

You failing on the onset should not mean it over for you, bu rather be an opportunity to learn. Try to figure out your errors and make sure to fix it on your subsequent attempt. You should also read more and practice when you have the change.There are a lot o good books out there you could utilize and also youtube videos

[Toukexx99]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

everyone also experienced a failure when I first entered the world of cryptocurrency trading, I also experienced it.
even professionals who have long been in the world of trading, they also initially failed. all you have to do now is take a break first and pay more attention to the market movements. more important is that you really have to be patient in the world of trading, try trading with just a little capital, so that it can become an experience.

[Yatsan]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Well since you are just a beginner, there is nothing wrong about failing and losing cause analogy is this, beginner= fail to experience as professional= experience to success. Don't worry about failing because it is just gaining experience in a future trading strategy of you, as you said it requires a lot of patience and hardwork and it really is maybe its too early for you. Just try and try things to work out, analyze more it will give you chances to ride the market.

[ryangosling]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Don't ever trading if you dosen't have any skill on that! if you only use your feeling for trading Don't be greedy is the key! you take profit then you must wait untill the right moment to buyback.

Agree with you. You need to not be greedy and plan your trading carefully. This is the key to the victory.

[ryangosling]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Well since you are just a beginner, there is nothing wrong about failing and losing cause analogy is this, beginner= fail to experience as professional= experience to success. Don't worry about failing because it is just gaining experience in a future trading strategy of you, as you said it requires a lot of patience and hardwork and it really is maybe its too early for you. Just try and try things to work out, analyze more it will give you chances to ride the market.

Yep, experienced traders know much more than newbies. They know that there is no win-win strategy and try to calculate their risks carefully.

[Supercrypt]

I’m a newbie in trading. I want to improve my trading skills. I have heard some experienced trader said that I should learn and read more before start, and also get some experience. Trading requires a lot of patience and hard work, learn about the way to analyze the price chart, when they can be able to analyze price chart they will know the best time to buy and sell and know which one is the best coin to trade…
I tried one but I falied. There is something I don’t know? Please tell me more.

Try again and find out your weaknesses. But there is one thing that you need to know about your financial situation. You need to save more and use the money does not affect your living expenses. It will make you more comfortable when you start investing.

The weaknesses will always be there at first even after learning as you will obviously make some silly mistakes even with your knowledge, but that is where experience comes in and you really do not want to be building on those experiences with real life funds, you need to be able to be sure of how you are doing in every market before you even start making steps into the real world of trading with your own funds.

It is a good thing that for the likes of bitmex, the chances of using the demo platform with demo funds is there. Practice on that, get a strategy and build on it, and then over time when you are confident enough with it based on how far you are able to go, then you can put those experience into the real trades.

Make sure you take your time to access yourself first, which is the most important thing after learning.