I fail in trading

[whitemigos]

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.

[1714876074]

1714876074

[Upgrade00]

I’ I have heard some experienced trader said that I should learn and read more before start, and also get some experience.

That is the way to success in any venture.
There are lots of helpful information and tips here.
There are also videos on YouTube. You can use 'trading for beginners as a search word'.
Consume as much knowledge as possible.

Experience can only come with practice, and you would probably boy like to lose while learning (this us sometimes inevitable). You can practice using demo trading.
Demo trading can only be helpful of you handle it with as much seriousness as you would when live.
Do no fund more than you actually can.
If you plan to be a $50 trader (for a start) then practise with that amount. And learn how to manage it.

I tried one but I falied. There is something I don’t know? Please tell me more.

A lot if traders failed at some point, but those were steps on the road to success.
• look for where you went wrong
• Change a strategy that doesn't work
• Look for an alternative
• And never make excuses, ever.
• Always invest what you can afford to lose
• And plan for the long-term, I believe you would want to be an established trader,  and not just stumble on a few profits amidst losses.
Have a game plan, and stick to it. That way you can more easily take losses and errors as lessons and not the end of the road.

[isaac_clarke22]

I’ I have heard some experienced trader said that I should learn and read more before start, and also get some experience.

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I tried one but I falied. There is something I don’t know? Please tell me more.

~

I was starting to watch CryptoJack recently and I think it would be a great video to start up although there were some comments  telling the flaws of the tutorial. It led me to daytrade in my preferred exchange site which is Binance. While I don't recommend his YT channel that much yet until I learned that something is wrong from his tutorial in "my opinion", it would still be worth your minute to feel at least the UIs and the basics.

[butka]

First of all, let me say that probably 90-95 percent of all traders fail. This is especially true at the beginning.

IMO, there are basically 2 reasons why traders fail:

1. not enough knowledge, for example, about technical analysis, how to trade, when to trade, and so on.
2. wrong mental attitude, and other things related to person's character and psychology.

The first thing you can learn more easily. There are so many online courses, videos, and other free material that you can learn all that if you have a strong desire.

The second thing has to do with your character and psychology. I recently started a thread discussing this point you might find useful:

https://bitcointalk.org/index.php?topic=5046029

[mk4]

I tried one but I falied. There is something I don’t know? Please tell me more.

What you need to know is: being new in trading is almost always a failure. You don't expect to make money as a trading beginner anyway. You trade as a beginner to gain knowledge and experience, so as you learn, you hopefully gain enough experience and knowledge to actually make a profit in the future.

Be patient with the process. Study. Study. study. There's no other way around it.

[TravelMug]

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 you already made a good start - "to experienced failure". Failure is a good teacher so I do hope that it just didn't dampen your journey, but look at it in more positive way.

I guess if you really wanted to be good in trading, or for any other job, you will word hard and have patience. I won't even give you trading advise because I'm sure that I'm not in the best position to do so, but just try to improved and evolved and just continue to go on your journey.

[Iluka]

You are not alone buddy..) many traders when begin to tade pass throug failing, its normal... i recommend you not to trede but invest in perspective coins, you will be rewarded in near future...

[reflector]

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 not a simple platform for all the investors so we should wait and monitor the perfect place then only it will make profit. All the day traders are concentrate in cheap altcoins or tokens because these are all make unbelievable profit and quick deal.
But I do not prefer day trading for beginners so you should start mid term trading that will be best deal for all the investors.

[Cryptopher]

Trading can be hard, it can also be very easy. It all comes down to your mental stability and believing in what you are doing is right.

Of course, you can't always get it right - knowing when to exit or hold is key.

One thing that is generally advisable is to invest during cyclic drops (look at the charts since Dec '17). It is very risky to buy in on the rise in a bear market, it will most likely be a bull trap.

[harizen]

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.

You mentioned the word "newbie" , "patience" , "hardwork" so why in a rush of becoming success? You just experienced a single trading loss and become worried now. Failure is part of trading journey and that is usual since obviously you are new to this environment. Didn't you know that even professional traders still experiencing lose on the way so again it's part of the game.

Since you already tried a single trade, I guess at least you already have the basic knowledge. Just continue to do it until you will become used to it. Experienced will teach you so need to push yourself to learn those deep technical trading terms as you will learned them on the way.

It's fine that you read read and read but make sure you are applying what you read in the actual trades. Crypto is volatile that's why even a professional analysis are bound to failed that's why you need to be used on how crypto prices moves. This will take time so be patient.

If you are really eager to pursue your trading journey, believed me you will learned.

[pundit]

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.

This is bitter but true, trading requires lot of experience, you can learn basics from books, forum but actual experience will come with doing actual trading may be on real account or demo account, demo account have limited emotions but real account includes emotions as well and emotions play a vital role in trading, I would suggest you to study technical charts, fundamentals and apply it on a small real account, by the time you will come to know where to take trade and where to exit.

[gabmen]

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.

For starters that's pretty much all there is to do. Gaining experience would be your best chance and ypu attain that through practice. Also, most beginners lose heart when they lose trades. Just remember that even experienced traders lose money so don't be afraid to lose.

[Quidat]

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.

You just miss something that's why you fail and not everyone are succeeding at first try, this is just a start of your journey as a trader so why worry when you fail today? There's always a room for improvement and all you have to do is to read and apply the basics of trading and your mistakes will help you to go forward of trading while learning from it.

[Bushrat Jahan]

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.

Before starting trading at first you need to know about technical analysis and always be updated and trying to keep in mind that all trades can't give you profit so don't get panicked. Always try to be patience.               

[Chrystora123]

don't be discouraged bro, that failure, in my opinion, is very natural in every person, You just have to add knowledge about trading, but if it turns out that it doesn't suit with you, you should leave it alone, because it's not just trading ways to produce cryptocurrencies, you can also do mining, join bounty programs or invest in ICOs...

[crocus]

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.

Also don't let your emotion control your trading strategies like if your coin keeps falling and then you will panic quickly and sell them all, this things always happen when the traders was a newbie. newbie should know that crypto is completely volatile and having huge decreased of an coin is normal especially in this bear market.

[Zadicar]

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.

Just sustain and proceed on trading because this stuff cant really be learn overtime.You have just mentioned about patience but now you are hurrying up yourself on learning it. Even experienced or good traders do really lose out money or trades yet this thing is really inevitable but due to experience and skills they can able to sustain somehow on making profits inspite of loss and this should how a trader things.
Not only a single fail will really need to stop you on doing trading because these are things will mold you to a better one.

[dzhan]

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, losing some trades is always possible to happen even for the most experienced and successful traders. You have to keep improving your skills about trading cryptocurrencies, and keep learning more about this field, while you keep getting experience by doing more trades.

[josephdd1]

As a starter in trading you have to do more than just be able to read the charts. You have to have a good general knowledge about the markets in general not just the coins you'd like to trade. This can be done from reading the news and trying to be up to date with what's happening to the market. Then you should be prepared to start trading.

[voltesbit777]

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.

In the first place, if you failed on your first attempt it means your tactics is wrong. Therefore, you need to change it and find some other way which you think is far more better than the first one you apply. Then, analyze the situation happening in the graph well, if you don't know how to read them, you are oblige to understand it and to learn it first. Self exploration in this industry is much needed if you want to become successful here.