Trading for the Inexperienced Traders

[mornabo]

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.

Yes, with trading capital is a must. When we put investment surely we expect good return out of the same. So, the risk will be found with it. To face the risk all that necessary is the trading tactics to buy low and sell high. We're supposed to make the way, for the same lot efforts in terms of observations about the market is a must to succeed.

Trading capital should be adjusted to your ability in trading. yeah we know that trading is very risky, it requires strategies and tactics to win, and for those of you who don't have experience. of course, use small capital first. adjust to your experience and skills

[1714113025]

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[1714113025]

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[1714113025]

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[Aivaryamal]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

[Anies_Sandi]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

the problem is that it's difficult to trade easily, in my opinion, because what is needed to trade in crypto is the experience of crypto content first so that to succeed is not difficult

[pawanjain]

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.


Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.

I guess what you are saying is true because most of the times when beginners enter to trade in a market, they end up loosing their capital.
This is only because of greed and the fact that they don't set their targets. I still remember doing this myself when I started trading.
There were no targets. Just money going in and coming out. Most of the trades were in a loss and that is when I took a break to understand the market.
Now there are 2 strategies that I stick to and wait for the results.

[satriagedhe]

i think the best way for the beginers are trying to hold famous coin / coin that have good community , day trading are really hard and one mistake can give u loss

[izzy13]

It's quite long time for me to not actively monitoring nor doing the trading, so many of the procedures and tips that has been forgotten by me. This thread is very helping, thank you.

[maydna]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

I don't think so, as long as he can spend his time to learn about trading and keep practice, I am sure that he doesn't need a few years to make a profit. Our purpose in trading is to get a profit, and when we can make that, we only need to rinse and repeat, and we still learn more, and more so in the same time, we can increase our skills, and we can make a bigger profit. But I wouldn't say that it will happen instant because we need time to make a bigger profit.

[shoreno]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

I don't think so, as long as he can spend his time to learn about trading and keep practice, I am sure that he doesn't need a few years to make a profit.

that depend on the person . if he is hard learner , it can take a long time for him to learn and master trading  but if a person is fast learner and can adapt to the techinical and fundamental aspects  easily , he can then expect to become a good trader in no time .

but overall , trading is not olny for experienced traders  .  everyone can do and learn it no matter what his status in life  .

[TheUltraElite]

i think the best way for the beginers are trying to hold famous coin / coin that have good community , day trading are really hard and one mistake can give u loss

Famous is one word to put it. Famous can also be overhype. You can observe trends and see that some coins are in the limtelight every now and then because of some famous person endorsing it or some other bullshit. These are thing that one should be careful of and not give in too much money into. They are eventually going to dump because the person brought the prices up is going to dump on whoever bought it pretty soon.

But if you are talking about the top 10 coins on market capitalization except the forked coins and ripple then its a good choice for novices. Newbies though should get their fundamental understanding before buying any coin.

[Siren]

Crypto trading is not for all people here even if you had knowledge and skills yet luck is also in need here so binding all togethr will bring success

What i am pointing is better start buying to hold for long term while we are looking for more knowledgeable ideas from the Pro’s and experience is the best weapon to prevent losses (though this is normal in cryptospace)

I tried to be a daytraders wayback but I admittedly believe this is not for me,so i decide to focus in semi long term and long term holding in which i am now earning atleast enough to call profit

[maydna]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

I don't think so, as long as he can spend his time to learn about trading and keep practice, I am sure that he doesn't need a few years to make a profit.

that depend on the person . if he is hard learner , it can take a long time for him to learn and master trading  but if a person is fast learner and can adapt to the techinical and fundamental aspects  easily , he can then expect to become a good trader in no time .

but overall , trading is not olny for experienced traders  .  everyone can do and learn it no matter what his status in life  .

Perhaps, if he is a hard learner, he only needs to learn about the basic first, and he can master so he can continue with the intermediate lesson in trading. But if someone can learn with quick, then he only needs a short time to understand the technical and fundamental analysis, and he can practice for what he learned. I agree that trading is for everyone and it depends on that person itself, and he wants to learn or not.

[Helpme_please]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

I don't think so, as long as he can spend his time to learn about trading and keep practice, I am sure that he doesn't need a few years to make a profit.

that depend on the person . if he is hard learner , it can take a long time for him to learn and master trading  but if a person is fast learner and can adapt to the techinical and fundamental aspects  easily , he can then expect to become a good trader in no time .

but overall , trading is not olny for experienced traders  .  everyone can do and learn it no matter what his status in life  .

Perhaps, if he is a hard learner, he only needs to learn about the basic first, and he can master so he can continue with the intermediate lesson in trading. But if someone can learn with quick, then he only needs a short time to understand the technical and fundamental analysis, and he can practice for what he learned. I agree that trading is for everyone and it depends on that person itself, and he wants to learn or not.

its better if we learn step by step and practice in market.find the relation between the thing we learnt before with fact in chart.if we often observing in chart i think we will could find price habbit only by analize chart.we have to observe more than just learn theoretical.

[Aivaryamal]

Very good and useful tips, I think almost as well, almost every cryptocurrency you can safely make 10-20% profit!

[Bosx1ne]

It is expected that newbies doesn't have enough experience. They called "newbies" because they are new here and they are not yet familiar. Newbies should focus on getting more experience. Experience is one of the most important factor in trading, you can know the best strategy that is suitable to use in a unexpected situation by having a lot of experience.

[maydna]

To learn how to trade and understand the market a little bit you need a few years, and digital currencies are still very little studied and it is not clear how they can behave

I don't think so, as long as he can spend his time to learn about trading and keep practice, I am sure that he doesn't need a few years to make a profit.

that depend on the person . if he is hard learner , it can take a long time for him to learn and master trading  but if a person is fast learner and can adapt to the techinical and fundamental aspects  easily , he can then expect to become a good trader in no time .

but overall , trading is not olny for experienced traders  .  everyone can do and learn it no matter what his status in life  .

Perhaps, if he is a hard learner, he only needs to learn about the basic first, and he can master so he can continue with the intermediate lesson in trading. But if someone can learn with quick, then he only needs a short time to understand the technical and fundamental analysis, and he can practice for what he learned. I agree that trading is for everyone and it depends on that person itself, and he wants to learn or not.

its better if we learn step by step and practice in market.find the relation between the thing we learnt before with fact in chart.if we often observing in chart i think we will could find price habbit only by analize chart.we have to observe more than just learn theoretical.

By learning step by step, I am sure we can understand with the market movement so we can determine to enter or to wait for a while until we can see a good chance to buy coins. By watching the chart, we are not only can predict where the price wants to move, but we can also see the trend of the coins so it will be a sign for us if we decide to buy later.  But we need to be careful because sometimes, the chart can moving too fast especially if there are big demands that happen in the market.

[DavidStone]

This is a great tip for beginners. Me likey. In such a way you can protect yourself from significant losses. I also started trading recently and follow the same concept as you do. Red market is for experienced gamers who know exactly when to exit from the market. But if you are an experienced trader, you can't predict exactly next dropping of price. Also, I want to improve my skills in day trading and become a PRO. I have recently read about the launch of the educational platform for traders. It's called NewConsort. I want to get new skills from more experienced traders. It will become available with this platform.

[kkaroul4]

surely it will be difficult to be able to walk well or develop in the future. because knowledge is very important to trade because it is the key to success too

[mirakal]

surely it will be difficult to be able to walk well or develop in the future. because knowledge is very important to trade because it is the key to success too

But you do not allow yourself to just be contented of what you have now, you are inexperience because you are new in trading but
that would not automatically make you loss everytime you trade. If you stay and learn, in the long run you can use that experience of yours
as the key to improve your strategy, a good trader do adjust and improve things until he get the consistency to be profitable.

[Vanshenz]

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.


Edited: This isn't to say that don't study the market. In fact you'll need to build your knowledge to survive in crypto, especially in these times, but this is a message to newbies who're trying out the market (fact is that, you can study the market as long as you want but if you joke all your money will be drained). Have you ever asked yourself why people in paid groups make the most money from trading, you just can't learn TA and FA lol.... There are PROs and they're moving the market so my trick is to help you also benefit as they move the markets. So that you don't try competing with them coz they can make you REKT, trust me.

it's very difficult to learn to trade even after reading your explanation. I have tried several times to trade, but it always ends with the same result, FAILURE. I don't know what's wrong, which I believe is that maybe I am not talented in trading so I focus on being a bounty hunter. the most important thing is to make a profit even if only a little.

[Bagaji]

Not many particularly those that are new in trading crypto currency can have that patience and that was why many of them found themselves loosing their capital invested in trading crypto currency. You said trading with? I never thought of that and I believe it is possible particularly when it comes to Forex trading and even in crypto currency.