Trading for the Inexperienced Traders

[Caladonian]

We have to understanding the risk of trading first, in crypto trading that has very high fluctuacion we can loss much money just afew days , and we should be have strategy how to avoid more loss if our analysis wrong. Understanding how to use stop loss is the most important thing for beginner trader.

Very important to learn things like this, inexperienced traders always jumped into something without proper analysis, thinking that luck will permits them to earned and following the principle of buy low and sell high without tracing the previous movements, there's a lots of things that traders always watching
they are not just relying with single data but combining every single piece of hints that will lead them to a much clearer entry.

And in the other side, they also put exit plans just incase the entry was ruined by manipulators and whales around.

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[KnightElite]

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.

Lack of experiences can also lead to losses. When I was newbie,  I trade and trade for me to gain experiences. It is important for us to familiarize the strategies that we should do and how we will protect our money.

[bitcampaign]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

[shesheboy]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

if short term is verry risky then why not go for long term trade ?  in that way , you can hodl your assets when the market is still in bear mode  .  yes all markets are in dumped but it isnt only dangerous for beginners because even pro and well experienced traders are not exempted to this event  . like you and me , they are also struggling to make an a decsent income thru thier trades  .

Lack of experiences can also lead to losses. When I was newbie,  I trade and trade for me to gain experiences. It is important for us to familiarize the strategies that we should do and how we will protect our money.

when i was a noob , i dont trade and trade  .  rather i only trade after i master the basics skills on trading and the best part is that i dont loose cash during my practice day because i use demo trading  .  lack of experience does not mean you can loose because there are actually many tools to help you gain knowledge without risking any cents   .

[Finestream]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

Yes.It would be very risky for beginners or inexperienced traders to start trading in this down market.Even the experienced traders would really find it hard to trade and make good profits knowing the market is not in a good condition.So it would be more advisable to just hold your coins right now and only trade when you see a good timing already.

[South Park]

Is a good advise not to trade everyday if you ain't a PRO but many newbies don't really wanna take it nice and slow. In trading we don't rush it there are many things to put in mind when embarking for trading.

Whenever I see some ad related to trading cryptocurrencies most of the time the ads promises great profits in a relatively short amount of time, so newbies see something like that and they see themselves as millionaires in just a few months, so their mistaken ideas about trading and what they can get out of it are not entirely their fault, I know they should be more careful and should be suspicious about such offers but they are newbies and they have yet to learn the lessons for which we paid a high price as well.

[BlackFor3st]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

Yes.It would be very risky for beginners or inexperienced traders to start trading in this down market.Even the experienced traders would really find it hard to trade and make good profits knowing the market is not in a good condition.So it would be more advisable to just hold your coins right now and only trade when you see a good timing already.

Buying some altcoins at dip and HODLING them untill they pump is a good way to have profits but is a bit out-dated. Instead of holding for a long term, we can also invest in some projects which offers a stable source of income and a passive earning.
I prefer going with such projects to have really much profits ahead.

[Renaldi blackspadeteam]

yeah buddy, I am also not a PRO-level crypto trader, but I always try to get to know the crypto market well to be a professional trader, and to get a 10% -20% profit every month in trading crypto, it's can be by choosing coins or tokens that good quality, and probably already famous, because it's has  many people who trade coin or token it.

[maydna]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

As long as you can choose the right coin, you don't have to worry about the bearish market because the market is not at the bottom of the price and the altcoin is trying to increase. But I think if you can buy some coins at the low price and hold it for a while and then when the coins price can increase, you can make a profit and that's mean, you are doing long-term trading but you can also do short-term trading because the coin price can increase anytime.

[yesyes18]

This is a nice tipoff for newbies traders, once you can be able to decode how price moves bullish, bearish and sideways or ranging then with some little technical analysis you be able to buy when the market is green using an indicator like EMA can help you to take decision until you are fully knowledgeable in trading.

Exactly, it is just about fishing out those major points in the market (bullish/bearish/sideways or ranging). The crypto trading venture is categorised by many as a mystery market because sometimes it just change fundamentals and you may be lost but knowing such tricks may help you survive and will also prevent you from being greedy.

[upsidedown75]

The crypto trading venture is categorised by many as a mystery market because sometimes it just change fundamentals and you may be lost but knowing such tricks may help you survive and will also prevent you from being greedy.

This is a common mistake among many inexperienced traders. They do not understand the risk levels of crypto trading by underestimating its volatility. Fundamentals are helping long term based traders whereas technical analysis is need for active traders. But, I must they a crypto trader might take time to educate themselves on both of these so that they can survive against the fluctuations of crypto markets.

My simple tip for inexperienced traders is, just choose highly established assets for your trading and if you get stuck in-between your trades then convert your active trading into long term holding. This way you never need to close your positions at stop-loss but remember to trade only established assets as they are only recommended to hold.

[Thanasis]

yeah buddy, I am also not a PRO-level crypto trader, but I always try to get to know the crypto market well to be a professional trader, and to get a 10% -20% profit every month in trading crypto, it's can be by choosing coins or tokens that good quality, and probably already famous, because it's has  many people who trade coin or token it.

When you have some fixed amount of percentage to be earned every month then you should day trade to make it happen in the regular short term periods.But the chances of making nothing or even losing your capital also possible so understand risk and invest on the best coins only.

[omonuyak]

yeah buddy, I am also not a PRO-level crypto trader, but I always try to get to know the crypto market well to be a professional trader, and to get a 10% -20% profit every month in trading crypto, it's can be by choosing coins or tokens that good quality, and probably already famous, because it's has  many people who trade coin or token it.

When you have some fixed amount of percentage to be earned every month then you should day trade to make it happen in the regular short term periods.But the chances of making nothing or even losing your capital also possible so understand risk and invest on the best coins only.

That is right and we are not going to have a bad time if we really know how day trading work and we are ready to follow the rules.  To make a targeted profit is very nice for day traders. If you have a good mind to invest in cryptocurrencies the best thing to do is to learn how day trade work and follow suit.

[Renaldi blackspadeteam]

yeah buddy, I am also not a PRO-level crypto trader, but I always try to get to know the crypto market well to be a professional trader, and to get a 10% -20% profit every month in trading crypto, it's can be by choosing coins or tokens that good quality, and probably already famous, because it's has  many people who trade coin or token it.

When you have some fixed amount of percentage to be earned every month then you should day trade to make it happen in the regular short term periods.But the chances of making nothing or even losing your capital also possible so understand risk and invest on the best coins only.

That is right and we are not going to have a bad time if we really know how day trading work and we are ready to follow the rules.  To make a targeted profit is very nice for day traders. If you have a good mind to invest in cryptocurrencies the best thing to do is to learn how day trade work and follow suit.

thank you very much mister Thanasis and mister omonuyak , I will try the advice you give me, a long time ago I trade crypto every week and now want to try trading every day, maybe I will get experience trading faster because I am accustomed to seeing moving crypto price charts every day

[Spider A4]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

Bearish market is the best for short term trading. Long term trade definitely high risky in this market because gradually your portfolio will be reduce day by day. Unstable market long term is always bad.

[NewRanger]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

Bearish market is the best for short term trading. Long term trade definitely high risky in this market because gradually your portfolio will be reduce day by day. Unstable market long term is always bad.

if we do short term trading it mean we doing daily trading.and in bearish trend there are much opportunity occur in market.but we ave to understand and have tested strategy to trade in this condition.

[Kasabus]

if we do short term trading it mean we doing daily trading

Not really, short term trading does not really mean doing it on a daily basis.
You can set your own target on short trade and if you do long term trade, you will understand their difference.
IMO based on experience, I consider short term trade trading one month and less.

.and in bearish trend there are much opportunity occur in market.but we ave to understand and have tested strategy to trade in this condition.

The bearish market could affect your strategy, but that if you are only bullish because you'll be more on increase, rather than a drop of price.
If those people who short the market can be profitable in bearish times, then anything is possible, you can also do it.

[hen cet]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

To be involved in crypto trading will certainly be difficult if you have not experienced or tried it. Without proper analysis or careful calculation in making a decision, you will lose. If you can profit more because of luck. And, how many times will that fortune come? Of course it can't be expected that there will be repeated luck.

[michellee]

now all markets are bearish even it is very dangerous for beginner traders to enter the trading and trading sites, I am also a trader but I have not started to trade in the short term because it will be very risky

Yes, right now, the market is trying to reach the higher price for every coin and soon, the bearish will over and the bullish will replace the position. Right now, it is better if we could trade in any coins especially with the coins which can give us a profit and it is why we need to research and analyze the coins. Choosing a long-term trade will be a good option for now because if we are trying to do a short-term trade will not give a good profit.

[moynul2050]

actually the first capital if you want to start trading is that we have to strengthen our desire to trade, we must be absolutely sure if we want to trade. because if we are not sure in trading, we will be easily affected and back down if we suffer losses, we must know that the biggest risk in trading is losing all the money traded.

Trading balance is not subject to feeding our desire unless someone reach to professional level. Trader should be able to manage risks with mastering himself. Managing emotions is more important than thinking about profit. Inexperienced traders need to increase their learning capacity before moving to real trading from demo accounts.

this is the statement that I'm really waiting for, why? because beginner traders will be more concerned with capital and the benefits they want to get, they forget that in trading there are emotions and risks that are more important to manage.