Trading for the Inexperienced Traders

[otundebis]

I like the Simple advice given.  You may also as a new trader try to learn how to read and interpret chart,  that is technical analysis and make sure you learn from your experience good or bad.  There is opportunities in the crypto market,  take advantage of them!

[1715003135]

1715003135

[traderethereum]

I believe every new trader deserve to make a profit, but the question is can they learn something that might help them in trading? Because many new traders are only following with the signal on many channels and unfortunately, they are not making a profit at all because they don't learn about how to analyze the price buy and sell. They only follow the guide from the owner of the channel to buy at the price they gave without knowing how to determine the price.

It is the new trader mistake if they don't want to learn and only depends on the signal because it won't help them to make any profit and even they will lose the money. But if you can learn more about how to use the analysis and the indicator in the market, I am sure you can be able to make a lot of profit because you know what you need to do.

[Visbay]

I like the Simple advice given.  You may also as a new trader try to learn how to read and interpret chart,  that is technical analysis and make sure you learn from your experience good or bad.  There is opportunities in the crypto market,  take advantage of them!

In market there are allot of opportunities that we need to use properly and those who know how to make money with it calls professional traders. There are many expert traders but long ago they were just new as you are so no worries keep on learning and never get back from taking advice from good traders as they will guide you well.

[aoihs00]

Yeah last time I tried trading everyday, I was like loosing everything in my wallet so I stopped that one suddenly. Surely buying assets and waiting for the right time is best option in this regards. On contrary this may sound like hodl strategy but I consider it as short term trading where you just buy and sell quickly over period of days or weeks. Works best when there is bearish trend like the current one as crypto will move upwards many times and will fall back too.

[jonaire99]

I also tried trading many times when I'm still a beginner only to lose some money later. I also learned a lot from these mistakes and decided to learn more on trading before starting again. Newbies should set aside a time for learning the proper way to trade in the cryptocurrency. Successful traders did only learn from studying fundamental and technical analysis but mostly from experiences.

[Altero]

I also tried trading many times when I'm still a beginner only to lose some money later. I also learned a lot from these mistakes and decided to learn more on trading before starting again. Newbies should set aside a time for learning the proper way to trade in the cryptocurrency. Successful traders did only learn from studying fundamental and technical analysis but mostly from experiences.

Experience is really a good teacher,  we can find best and effective techniques on it.
As a starter,  it is vital to spend time on market analysis and it's flows to avoid of losing a lot.  In a certain that we can't skip on losing and even be successful if there is no scenarios like that. And it absolutely we experienced the same.

[Andrew Parker]

I think the BIGGEST problem is that most people don’t have knowledge to do it and then insufficient experience makes it even harder. So, the first thing is to work towards achieving enough knowledge and experience will obviously come. Then good broker too is important, which is common problem too. It is important to select one that’s credible instead of just going for one with flashy offers.

[pundit]

When I started trading, I had no idea on charts and market sentiments but I decided to also benefit from the Pro traders as they move the market.

First of all, note that the market has mainly three sides, bull/green (short or long term), sideways, and bear/red (short or long term).

If you're an inexperienced trader like me, don't look at the sideways and red markets. Always wait for a green market (and it happens at least once every month). During that time, set a little target (say 10%-20%) you can even make more if you follow a good coin. Enter the market and take your profits.

Wait for the next round (probably a month a later)- you can keep your money in a stable coin, and by the end of a year you could make (10-20%)x 12 on your money.

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

Merry Christmas (if you celebrate) and a Happy New Year to y'all.

Although you are not experienced as you say but your logics are like an experience trader. Every day is not a trading day that is true, we should wait for a good setup before taking any trade. One thing I want to add if any crypto exchange allows you short sell any coin you can even earn good money in short selling instead of waiting for a bull run, yes side trend is something which needs to be ignored.

[1Referee]

As a starter,  it is vital to spend time on market analysis and it's flows to avoid of losing a lot. 

I honestly believe that we're dealing with people that aren't capable of analyzing anything. The very fact that sites popping up selling signals do extremely well, is another indication that we're entering the mainstream world. These people don't care about anything. They just want to have you tell them what to do with their money, and they do it, because they have no clue about what to do themselves.

Kinda silly how instead of benefitting from mainstream adoption, it's turning this market into more of a pile of shit than it has ever been.

[babysweetTiger0401]

I like the Simple advice given.  You may also as a new trader try to learn how to read and interpret chart,  that is technical analysis and make sure you learn from your experience good or bad.  There is opportunities in the crypto market,  take advantage of them!

I do believed that most of the traders who learned from their mistakes is always succeed in the end of their journey in doing trade in this field of business.
That's why as an inexperience novice trader you need to be patience in putting yourself in the actual trade, always try to understand what's the basic knowledge that we need to know first before anything else which is buy and low system okay.

[princerepon]

Don't try trading everyday if you're not a PRO, they'll squeeze your money from your hands lol...and also never try catching tops and bottoms of you're not a PRO, they'll squeeze it once again. (remember you may be dealing with bots).

those line was really important for beginners. new trader always make those mistake. its good to be a small profit but big lose is not we want. every time you cant make profit for you first time but day by day you will improve for sure.

[Johnyz]

I like the Simple advice given.  You may also as a new trader try to learn how to read and interpret chart,  that is technical analysis and make sure you learn from your experience good or bad.  There is opportunities in the crypto market,  take advantage of them!

Keep on learning, its the key for everything and of course it will give you more chance of making money as you can now trade without worrying. Newbie traders should not take any shortcut because trading is not just about buying and selling, its more on market timing.

[goaldigger]

Trading is very risky that even professionals suffers loss and hardtime doing this. Of you are a newbie, try something with a very small amount to calculate things and prevent bankruptsy. Try also trading weekly to observe the flow of the market and have a better view on what you will do next. After that, you will realize that its not that hard if you are really willing to learn.

[bettercrypto]

Risk is always a part of trading especially here in cryptocurrency. Now, trading for inexperienced traders, losses is more likely than profits. There's a saying, experienced is the best teacher. For inexperienced traders, don't afraid to lose, those losses will teach you make an experienced trader. What matters here is how we learn the lessons.

[reactorjuno]

The 10-20% target is already high, sir. In fact, it has been very difficult to achieve for now. If you target 10-20% annual profit is relatively small, I think beginners must learn to produce profits below 5% for daily trading. Then determine the strategy for revenue results that are stored based on fiat or bitcoin. It's important so it's easy to calculate daily profits.

10% in the cryptocurrency exchange is not that high of a target, it is high for the stock market (used to do that) but not that high for Bitcoin, Ethereum or other coins. If you are good at seeing a trend then it should not matter. You do not necessarily need to do daily threads anyway, if you see a weekly trend and are very confident about it, then place your orders and hope it hits.

[TheUltraElite]

Keep on learning, its the key for everything and of course it will give you more chance of making money as you can now trade without worrying. Newbie traders should not take any shortcut because trading is not just about buying and selling, its more on market timing.

Thing is that newbies often tend to go for some shortcut and they lose the money in the process because they are not ready for the grind. There are scammers out there promising people of huge returns from their "methods" and people actually fall for them and lose their money in the process.

Trading is very risky that even professionals suffers loss and hardtime doing this. Of you are a newbie, try something with a very small amount to calculate things and prevent bankruptsy. Try also trading weekly to observe the flow of the market and have a better view on what you will do next. After that, you will realize that its not that hard if you are really willing to learn.

Professional traders dont rely on the speculation. They do but they also rely on fundamental and technical analysis. Those who are day-trading are obviously doing it full time and they are experts in this field. Though its not possible to sustain that as a mode of earning initially some are able to and I would consider them as very talented.

[lagoon88]

At first, inexperienced traders shouldn't think about profits, they should spend their time to gain as much knowledge and information about trading. After spending a month or two, they should start trading with a small amount, as they gain more experience they should increase their investment.

[joshy23]

At first, inexperienced traders shouldn't think about profits, they should spend their time to gain as much knowledge and information about trading. After spending a month or two, they should start trading with a small amount, as they gain more experience they should increase their investment.

It should be a good practice if most inexperienced traders to do this, finding your edge and not to be carried away because someone's tells you that trading is a good venue to earned, you should do your homework and make yourself more flexible and able to survive the market fluctuations, knowing the aspects what influence the market and building your strategy and sets sone plans before jumping to this business will give some good space for you to success.

[coinplus]

Risk is always a part of trading especially here in cryptocurrency. Now, trading for inexperienced traders, losses is more likely than profits. There's a saying, experienced is the best teacher. For inexperienced traders, don't afraid to lose, those losses will teach you make an experienced trader. What matters here is how we learn the lessons.

But without trying out, you cannot be gaining experience. Inexperienced traders also will become professional trader only if they keep on trying with trading. They can use demo accounts for making use of virtual money for their trading purposes. When they will be trading in virtual platforms, they can gain real-time experience but for free of cost.

Learning about trading may come for free of cost but experience may not. Because, only when you will be trading in real platform you will learn the lessons from the mistakes you may do and that lessons along will be considered as valid experience because only those experience will be remembered for your rest of life.

[PuertoLibre]

At first, inexperienced traders shouldn't think about profits, they should spend their time to gain as much knowledge and information about trading. After spending a month or two, they should start trading with a small amount, as they gain more experience they should increase their investment.

For this purpose there are demo accounts or cent accounts which don't push your limits in case of stop-out. 10000 hours of screen time is required in professional trading(big hedge funds). Trading is  considered as business but successful traders are looking for opportunities that hidden in price action.