Avoid trading unless you are sure of what you do

[Thanasis]

You can't learn anything until you try it so it is good to try the trading since it is good way to make money in short term but its just not for everyone when you are not capable of making profits then you have to stop doing it and be a long term holder.

Agreed, day trading is surely not for everyone. When starting out, I would actually always suggest to start with longterm positions and then go on trading simulators to keep yourself busy and see how you can perform in short-term trading.

Please note, that even if you successfully perform on simulated exchange this doesn't mean that you will perform well on real exchange once real money is on the line. You can only confirm whether you are capable to recognise the pattern and make good trading call when you are not effected by your own emotion. On the other hand if you can not perform well on simulated exchange then I think there is no point even trying to do day trading on real exchange.

Its better to stsrt trading with very small money than going for simulator because the fact real money drives us different so it may give more responsibility for us to do the trades more perfect,still everything relies on luck too.

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[Mpamaegbu]

It's better to be more ready before you go and start dealing with trading, many factors are affecting this business and it's really hard to predict if you don't have enough knowledge, there's a lots of venue where you can learn how to execute well you just needed to keep doing your best searching for good place to understand everything.

How ready do you think someone can be trading without a real practice? I don't mean demo practice like what we have in forex trading. I mean the real deal. One only gets to begin to master the game after one has blown one or two funded accounts (no matter how many years of demo trading.) So, I believe people shouldn't be scared going into trading. After all, everything we do in life comes with its own risk. Trading shouldn't be an exception.

[Coin-Desk]

I think that too. No work should be done without a hundred percent sure. To be sure of trading. We know trading is a complex issue. To be very careful while trading. So if you do not know what to do then it is better to stay away from your trading. Because there is a mistake in trading for a lot of damages. So if you do not understand trading then you do not have to trade. Because everyone cannot do all the work. There is a lot of patience and capital to trade. If you do not have patience then there is no need to trade. If you do not understand your work, it would be better to stay away from trading.

Thank you

[cryptoblue77]

In my opinion, analyse the market for at least a month how the market behaves before starting trading. If you enter the market without knowing much then you are taking the chance just like gambling.

[lienfaye]

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

At first its not unusual to commit mistakes if you're a newbie I think everyone does have an unfortunate experience when they are still starting and through that you will improve and become aware of the things that you should do.

But before that its important to gain knowledge on how to trade first, learn the basics. Its not hard to understand that and its a good thing that there are many tutorials available online, so there's no excuse to be naive when you trade since there's a way to learn it.

[yvesp110]

In my opinion, analyse the market for at least a month how the market behaves before starting trading. If you enter the market without knowing much then you are taking the chance just like gambling.

Right, it is not good to start trading when you are not sure what is your plan, as there are so many ways to gain knowledge and then you can trade safely for long term,  it is own experience when I bought some coin without having knowledge only because my friend asked me to buy then I end up losing my profit but after being experienced I recovered my lose and I am earning high amount of profit.

[Palmaper]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

The whole life is a bet, with the difference that the final result will be inevitable for all. That's why I love trading, because I know that if it's true that you have something to lose, it's also true that if you win, you'll win like no one and a good stroke of luck is enough to recover all your previous losses.

[A L I E N]

Trading is good opportunity for you,  trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading.  Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.

I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.

Yes, learning is very important in trading on which can help us to become aware on how to join in the flow of the market since we are new that could make us to minimize the risk and can help us to develop our own strategies in order to earn a huge amount of profit in trading.

That is right. Too many people, who do not understand anything in trading, start dealing with it, make mistakes and get a great disappointment. They consider that crypto is bad, and do not care about knowledge.

[Slark]

I remember myself when I was a beginner and I really had a passion. I had no experience, I just wanted to trade. But of course nothing good came of it and it was my sad experience.

[karloscimot]

In my opinion, analyse the market for at least a month how the market behaves before starting trading. If you enter the market without knowing much then you are taking the chance just like gambling.

if it is only limited to experiments, it will be fine, sometimes many beginners are better suited to learn from direct trading with certain capital. Safe steps will sometimes only extend the duration of actual action, and confidence will not continue to be connected with anxiety, especially in market conditions like this.

[timmydakolo2]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Trading is actually meant for those who really know what it is all about one cannot just get a laptop open up some accounts (trading) fund them and say he or she is trading. There are many rules one most abide and get to know the basics before beginning.

[BUK2016]

Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

Well, trading crypto currency shouldn't be seeing the way you paint it because if you buy when its price is low then hold for a period of time pending when its value appreciate then you sell and take your profit. Just like what to the market value of Bitcoin and other altcoins recently. To those who buy when its value was around  $3000 will be counting profit now if they sell at the current market price.

[Sithara007]

Some of the noobs think that they can become millionaires overnight if they do trading. If you have some inside information, then that may be true. But in 99% of the cases you will lose money if you don't have any prior experience in trading and thorough knowledge of crypto. Just remember one thing when you go for trading. When you profit out of a certain trade, someone else has to incur losses. It is not like all the traders will end up in green. So if it is his turn today, it can be your turn tomorrow.

[South Park]

Some of the noobs think that they can become millionaires overnight if they do trading. If you have some inside information, then that may be true. But in 99% of the cases you will lose money if you don't have any prior experience in trading and thorough knowledge of crypto. Just remember one thing when you go for trading. When you profit out of a certain trade, someone else has to incur losses. It is not like all the traders will end up in green. So if it is his turn today, it can be your turn tomorrow.

That is a huge problem with newbies but it is not entirely their fault I have seen many ads which promote trading cryptocurrencies by talking about all the money that you can make in a relatively short amount of time and the results they offer are not realistic at all, so those newbies enter in the market with preconceived ideas that are completely wrong and they take unnecessary risks that eventually makes them to lose their money

[hyunee]

Actually, knowing what to do isn't just the best thing to do. Even you're a newbie, you can trade. Just know the necessary actions to put your orders of course. There is a thing we call beginners luck. With this, beginners got to have wins even though they are just beginners.

[posi]

Some of the noobs think that they can become millionaires overnight if they do trading. If you have some inside information, then that may be true. But in 99% of the cases you will lose money if you don't have any prior experience in trading and thorough knowledge of crypto. Just remember one thing when you go for trading. When you profit out of a certain trade, someone else has to incur losses. It is not like all the traders will end up in green. So if it is his turn today, it can be your turn tomorrow.

That is a huge problem with newbies but it is not entirely their fault I have seen many ads which promote trading cryptocurrencies by talking about all the money that you can make in a relatively short amount of time and the results they offer are not realistic at all, so those newbies enter in the market with preconceived ideas that are completely wrong and they take unnecessary risks that eventually makes them to lose their money

You're with what upu said about some certain crypto blogger or website which provided false information about what crypto currency trading and investment all in the aim of promoting their site but we're talking about something which involve money and having 2-3 advice/tips to know the genuine one before dive in won't hurt. This are what i did when I was newbie.

[Moiyah]

Actually, knowing what to do isn't just the best thing to do. Even you're a newbie, you can trade. Just know the necessary actions to put your orders of course. There is a thing we call beginners luck. With this, beginners got to have wins even though they are just beginners.

But actually, that beginner's luck doesn't work at all times. We are from the beginners, too. We hastily trades without thinking before. We learn by mistakes and that makes us to be eager to learn more. We are now an experienced trader who don't enter trades without basis. Relying on luck will not make us as a succer trader.

[Rufsilf]

If you want to be successful in trading it is important to know the rules and how trading works because if you don't have the knowledge it may cost you a lot because trading is something that you have to study first before investing. Trading for me is not like a joke that you can just invest here and there without really knowing even the basics because if you do that then your not only wasting your time but also your money.

[Malsetid]

Actually, knowing what to do isn't just the best thing to do. Even you're a newbie, you can trade. Just know the necessary actions to put your orders of course. There is a thing we call beginners luck. With this, beginners got to have wins even though they are just beginners.

But actually, that beginner's luck doesn't work at all times. We are from the beginners, too. We hastily trades without thinking before. We learn by mistakes and that makes us to be eager to learn more. We are now an experienced trader who don't enter trades without basis. Relying on luck will not make us as a succer trader.

Lol. It's foolish to rely on anything about luck. I don't believe in beginner's luck myself. I call it coinsidence. And if a beginner isn't careful and responsible enough to make the proper preparations, it's almost an automatic loss. Also, not being sure of what to do makes you prone to committing newbie mistakes that borders on emotions. Preparation is always better than luck.

[emberbekas]

Actually, knowing what to do isn't just the best thing to do. Even you're a newbie, you can trade. Just know the necessary actions to put your orders of course. There is a thing we call beginners luck. With this, beginners got to have wins even though they are just beginners.

But actually, that beginner's luck doesn't work at all times. We are from the beginners, too. We hastily trades without thinking before. We learn by mistakes and that makes us to be eager to learn more. We are now an experienced trader who don't enter trades without basis. Relying on luck will not make us as a succer trader.

Lol. It's foolish to rely on anything about luck. I don't believe in beginner's luck myself. I call it coinsidence. And if a beginner isn't careful and responsible enough to make the proper preparations, it's almost an automatic loss. Also, not being sure of what to do makes you prone to committing newbie mistakes that borders on emotions. Preparation is always better than luck.

While doing anything, including trading, we have to have plans to achieve. We can't just trade carelessly without a plan when we will take the profits. For newbies, they can start with small amount first and gradually increase the amount as soon as they get enough experiences.