Trading for the Inexperienced Traders

[senyorito123]

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?

Not only trading is a good exchange but it's also important that a trader will need not to be aggressive with the amount at risk.
There is a high risk for inexperience traders as a beginner, they can make a lot of errors that could be costly if they risk a big amount.
Trading is a long journey, we can learn from it, so don't rush things, always have the patient and keep improving.  

Absolutely! The success in trading doesn't happen overnight. It takes time, hardwork, discipline, and focus. We all started as newbies and with commitment to learn we gain knowledge and experiences. We have to embrace the reality that it's not all about happy days, but let's not lose track of our goal that will lead us towards success. It can be very challenging but it's profitable, rewarding, stay patient and positive.

[TheUltraElite]

Not only trading is a good exchange but it's also important that a trader will need not to be aggressive with the amount at risk.

This is again a debatable topic. Being aggressive can be good or bad depending on the situation at hand. People rarely act docile speculating and they make mistakes but they also make money. Sometimes seizing the opportunity is important or you will be left with nothing at hand missing out on something big. Similar to what the ones who sold bitcoin during the bear market of 4k and are now crying seeing the 7+k price.

There is a high risk for inexperience traders as a beginner, they can make a lot of errors that could be costly if they risk a big amount.

For a beginner who is careful with their money, I dont think they would be impulsive in their decisions. If they are, they should stop trading because it is not for them.

Trading is a long journey, we can learn from it, so don't rush things, always have the patient and keep improving. 

Like any other learning experience. It does need practice and patience.

[Yamifoud]

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?

It is the most difficult and the most important task for new investors and traders to find a good coin as if you take suggestions may be someone can give you wrong suggestion that can affect your future profit. Trading is huge platform you can get so many opportunities like having more knowledge and understanding the term trading will help you avoid lose being a good trader so gain knowledge as much as you can.

Knowledge is very important but not just we stop into this, we need to apply that knowledge and learnings we've got from the others and from our experience. I know hard to understand the market if you are a beginner, it takes time to make it perfectly be done.

Yeah, it is big consideration of choosing the right coins for trades and that also the basis of our profits. Listening for some suggestions will be good but we have to decide also what is right for us and the capability we have. Think it so many times before having any commitment.

[logicgate]

Not only trading is a good exchange but it's also important that a trader will need not to be aggressive with the amount at risk.

This is again a debatable topic. Being aggressive can be good or bad depending on the situation at hand. People rarely act docile speculating and they make mistakes but they also make money. Sometimes seizing the opportunity is important or you will be left with nothing at hand missing out on something big. Similar to what the ones who sold bitcoin during the bear market of 4k and are now crying seeing the 7+k price.

There is a high risk for inexperience traders as a beginner, they can make a lot of errors that could be costly if they risk a big amount.

For a beginner who is careful with their money, I dont think they would be impulsive in their decisions. If they are, they should stop trading because it is not for them.

Trading is a long journey, we can learn from it, so don't rush things, always have the patient and keep improving. 

Like any other learning experience. It does need practice and patience.

  Yeah every trader was someday new trader and he was not an experienced one, so with time they learnt and become experienced traders, when you get in trading try to spend more and more time for learning trading, after learning you can get in practice work because without knowledge it is not good to get involve in trading, better learn before you get in.

[SomeCryptoDude]

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.

sure, you should study market and news to understand because of what price moved this or that direction.
regarding red and green trends - support and resistance concept may help a lot!

Indeed. DYOR will not fail you. Not to mention that the knowledge that you acquire will be retained and can be used or can relate to other trends for other projects. I'm a hodler though. I'd rather go for long term projects and get sure leverage. There are a lot of shit coins out there but its best to look for projects with real world uses.

[TheUltraElite]

Yeah every trader was someday new trader and he was not an experienced one, so with time they learnt and become experienced traders, when you get in trading try to spend more and more time for learning trading, after learning you can get in practice work because without knowledge it is not good to get involve in trading, better learn before you get in.

They all started from zero yes. But the difference is that some people take in the bad and good and use them to gain experience and a technical know-how of getting across the market making a profit. One should know like when to buy a coin and when to sell what to speculate on and what is a trashcoin. All these things dont come overnight.

It needs practice and in doing so there will be losses big or small. You have to just consider them as investment for your own knowledge. Also people dont become experts in any fixed time. Some may never become experts at all.

[BuxCoin]

Always bear in your mind that all trading experts was came from nothing, so if you don't have any experience to do the actual trade, I guess it is much better to begin with the exchange that has a good volume in the market and huge traders to their platform. This is obviously referring to the newbies who are trying to start in trading, isn't right?

Not only trading is a good exchange but it's also important that a trader will need not to be aggressive with the amount at risk.
There is a high risk for inexperience traders as a beginner, they can make a lot of errors that could be costly if they risk a big amount.
Trading is a long journey, we can learn from it, so don't rush things, always have the patient and keep improving.  

Absolutely! The success in trading doesn't happen overnight. It takes time, hardwork, discipline, and focus. We all started as newbies and with commitment to learn we gain knowledge and experiences. We have to embrace the reality that it's not all about happy days, but let's not lose track of our goal that will lead us towards success. It can be very challenging but it's profitable, rewarding, stay patient and positive.

many days we didn't have profits and i used to lose in beginning i even thought this is gambling and lost hopes in trading after when i joined some groups i seen many making profits then i started learning committed to get success and now i glad that i didst quit trading 

[Rufsilf]

That is why it takes patience to make it possible for profit.

Learned from my mistakes before.
Trading without patience is like just betting for the losing team always. You need to at least wait for a day or two or maybe 12 hours for a larger scale of price change.

Trading on rush will just eat up paying for transaction fees.

Patience is indeed very important in trading because you have to read articles, study the charts, the market, even watch videos and etc. Trading is not something we should be joking around because if you do, then you'll lose you money. Its normal to make mistakes and fail what is important is we learn from them and avoid it in the future.

[TheUltraElite]

many days we didn't have profits and i used to lose in beginning i even thought this is gambling and lost hopes in trading after when i joined some groups i seen many making profits then i started learning committed to get success and now i glad that i didst quit trading 

I doubt you actually made any profit from joining those groups. You might be having a false impression that you did while you are being fed with the group owners bullshit propaganda promoting some shitcoin. There is nothing to be surprised in this because this is what happens in every such pump and dump group. The owner promotes and the idiot followers buy it just because the owner said so and while this happens the owner sells their own shitcoin stock on the followers laughing away at their idiocy.

Each and every pump and dump group is this same story.

[sgenuine]

That is why it takes patience to make it possible for profit.

Learned from my mistakes before.
Trading without patience is like just betting for the losing team always. You need to at least wait for a day or two or maybe 12 hours for a larger scale of price change.

Trading on rush will just eat up paying for transaction fees.

Patience is indeed very important in trading because you have to read articles, study the charts, the market, even watch videos and etc. Trading is not something we should be joking around because if you do, then you'll lose you money. Its normal to make mistakes and fail what is important is we learn from them and avoid it in the future.

Unfortunately, some bad experience is needed. Naturally, it will work as a lesson for thoughtful guys, who will not give up or start blaming somebody in their fails but find out their mistakes and understand the ways to avoid them.

[superscommessebitcoin]

I agree. It is not necessary to study technical analysis in order to trade successfully. It is enough to be able to see the mood of the market and adjust to it in your favor.

[redsun114]

That is why it takes patience to make it possible for profit.

Learned from my mistakes before.
Trading without patience is like just betting for the losing team always. You need to at least wait for a day or two or maybe 12 hours for a larger scale of price change.

Trading on rush will just eat up paying for transaction fees.

Patience is indeed very important in trading because you have to read articles, study the charts, the market, even watch videos and etc. Trading is not something we should be joking around because if you do, then you'll lose you money. Its normal to make mistakes and fail what is important is we learn from them and avoid it in the future.

Traders who are inexperienced about the crypto trade are not real traders they are just traders by name and nothing more. If you have not practiced and learn to trade then all your decisions will not favor you in the growth as well as profit generation of your trade. Those who learn it properly are doing great in the crypto industry and are struggling much more in the new projects which are very profitable.

[stadus]

I agree. It is not necessary to study technical analysis in order to trade successfully. It is enough to be able to see the mood of the market and adjust to it in your favor.

If you go more advance that would make you so knowledgeable, TA is more useful for day traders or short term traders, but of people who buy and hold, life would be easier for them as long as they do it with timing and they don't panic.

Trading is easy, let us not make things complicated.

[Thanasis]

I agree. It is not necessary to study technical analysis in order to trade successfully. It is enough to be able to see the mood of the market and adjust to it in your favor.

Technical analysis will give an idea about how the market is going to move so learning them is also a good thing when someone doing trading as a profession.Stock market needs huge analysis skills but in crypto which is much lesser.

[wxa7115]

I agree. It is not necessary to study technical analysis in order to trade successfully. It is enough to be able to see the mood of the market and adjust to it in your favor.

There are two ways to trade the markets technical analysis and fundamental analysis, if you are not going to use technical analysis because you do not like it or think it does not work then that is fine but you need to use at least one of those ways to trade, trading with the flow and just based on instincts is the fast way of losing all you money, we have seen this time and time again and yet it seems some people just want to ignore the realities of the market and keep trading with no knowledge and yet make money.

And this is not possible since you are competing directly against people that have spent years or even decades studying the markets and will have no problem taking your money away from you.

[rapsa2018]

For newbies its hard to start trading if they don't have any experience for it. For me i start trading i just make some research to reach those need to trade some altcoins.

[perla]

For newbies its hard to start trading if they don't have any experience for it. For me i start trading i just make some research to reach those need to trade some altcoins.

Only need time if you keep what you do. Because more we do trade activity, and then we can analyze it by ourself. After we can get what we need to do trading. Even emotion control will easy to handle.

[Mark_R]

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.

Hello! first of all, congrats! You started a really fascinating path. Hope, you are still improving your skills.
I'd suggest you to pay a special attention to risk an money management, as saving what you gained is more difficult than even to earn.
You can visit my page and look throh some deals. Probably they will be useful for you
https://bitcointalk.org/index.php?topic=5146383.0

[redsun114]

I agree. It is not necessary to study technical analysis in order to trade successfully. It is enough to be able to see the mood of the market and adjust to it in your favor.

There are two ways to trade the markets technical analysis and fundamental analysis, if you are not going to use technical analysis because you do not like it or think it does not work then that is fine but you need to use at least one of those ways to trade, trading with the flow and just based on instincts is the fast way of losing all you money, we have seen this time and time again and yet it seems some people just want to ignore the realities of the market and keep trading with no knowledge and yet make money.

And this is not possible since you are competing directly against people that have spent years or even decades studying the markets and will have no problem taking your money away from you.

It is not really good for inexperienced guy for they try their best and still make very little or no money in trading. The reason behind the loss in trading is many among which a high initial cost of investment is one reason. Another reason is the inability to trade on the best price and especially if you are on the wrong or weak exchange.

[Capt00]

For newbies its hard to start trading if they don't have any experience for it. For me i start trading i just make some research to reach those need to trade some altcoins.

Only need time if you keep what you do. Because more we do trade activity, and then we can analyze it by ourself. After we can get what we need to do trading. Even emotion control will easy to handle.

Definitely, it was.  Trading is a time consuming  in order to learn and become a great trader.  Now,  we aren't looking for to learn instantly but to know the basic will be good enough to take another steps forward. 
As to know exactly in trading will certainly be a big struggle for beginners and but it could be worthy enough if success will be ours in the future