AVOID trading at all costs, unless....

[mirakal]

I think for beginners you can daily trading, as training to find out the character of the market. but I suggest placing a large portion of your capital on safe coins, like bitcoin. however the trading system is gambling is not good, one day luck is not with us and we lose everything

There is no safe coins in the market, if ETH which is the most popular in the market of altcoins were dump 10 times from its ATH, then that would say the same to the remainder of altcoins. What we have to do is to learn how to minimize the risk, for day traders, stop loss is very important and don't be greedy.

Actually, fiat money is not safe also - ever day we are under a risk to see the greatest inflation and lose what we earned before. Naturally, cryptocurrencies are more volatile, but if you invest in Bitcoin and cryptos that are going to take the leading positions in the crypto rating with time, you will make money at last.
Nevertheless, you will have to wait.

That should be the mentality of crypto believer, I also think of that, however, what you are expressing is a long term trading, it has different approach compared in short term trading like day trading.

[MonsterV]

Actually it's wrong if the newbie must invest long-term, on the contrary, newbies must learn how to trade daily and better understand market movements every day. Well this is because trading requires skills and experience. If the newbie has to invest and sleep while waiting for profits to come, it's futile. For 1-2 years, at least use to learn to trade with small amounts to get used to the market conditions.

I think for beginners you can daily trading, as training to find out the character of the market. but I suggest placing a large portion of your capital on safe coins, like bitcoin. however the trading system is gambling is not good, one day luck is not with us and we lose everything

There is no safe coins in the market, if ETH which is the most popular in the market of altcoins were dump 10 times from its ATH, then that would say the same to the remainder of altcoins. What we have to do is to learn how to minimize the risk, for day traders, stop loss is very important and don't be greedy.

Indeed there are no coins that are safe in the market because the fluctuations in the crypto market are very high. But the purpose of safe coins is coins that are invested long-term, usually these coins are in the top 10. ETH is also one of the safest coins and may not be safe for newbies if they are trading short term.

[michellee]

I totally agree with you. New people will often find it difficult to understand how to make a lot of profits and often they have a lot of accounts burned.
Therefore, hold is best for new people, especially with Bitcoin. easy profit, not too much pressure in trading.

The only pressure is when you see bitcoin fall and still fall in a day

That will make you stress and hard to find a solution to prevent a big loss. But if you believe in bitcoin, you will get the opportunity to buy more bitcoin at that time so you will not miss the chance. The hold could be an option to wait for making a profit in the future, but that depends on how strong that person can hold his coins.

[lienfaye]

Well if you dont risk then you wont gain anything.

We all started as newbies and probably experienced failures in trading but thats part of the process and thats how we can learn and be a pro trader. It might hard to understand at first but if you're determine it can lead to a better result.

However just like what others said trading is not for everyone, there are certain strategy that is best for each of us. If you tried many times already and still no luck then dont push too hard.

[Thanasis]

Actually it's wrong if the newbie must invest long-term, on the contrary, newbies must learn how to trade daily and better understand market movements every day. Well this is because trading requires skills and experience. If the newbie has to invest and sleep while waiting for profits to come, it's futile. For 1-2 years, at least use to learn to trade with small amounts to get used to the market conditions.

I think for beginners you can daily trading, as training to find out the character of the market. but I suggest placing a large portion of your capital on safe coins, like bitcoin. however the trading system is gambling is not good, one day luck is not with us and we lose everything

There is no safe coins in the market, if ETH which is the most popular in the market of altcoins were dump 10 times from its ATH, then that would say the same to the remainder of altcoins. What we have to do is to learn how to minimize the risk, for day traders, stop loss is very important and don't be greedy.

Indeed there are no coins that are safe in the market because the fluctuations in the crypto market are very high. But the purpose of safe coins is coins that are invested long-term, usually these coins are in the top 10. ETH is also one of the safest coins and may not be safe for newbies if they are trading short term.

Safest coins means these coins are holding the crypto market,if the coin like bitcoin and ethereum fell then no more crypto trading or anything will be there so going for the most better coin with the long term will give the profits pay.

[pundit]

...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.

Too many newbies get burnt.

Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.

There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span. 

My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.

Best of luck.

No doubt a vast experience is required to become a successful trader. Every traders has his own way to trade, some traders use technical analysis, some use fundamental analysis and some use sentimental analysis to trade the financial market but the common thing is all of them use their experience to take and exit the trade. Experience does not come in a month or two, one needs to invest lot of time to study the market before coming to live trading. There are lots of tools available now a days, one can sharpen his/her skills on demo or a small live account before trading a live account for living.

[JohnBitCo]

I totally agree with you. New people will often find it difficult to understand how to make a lot of profits and often they have a lot of accounts burned.
Therefore, hold is best for new people, especially with Bitcoin. easy profit, not too much pressure in trading.

Many new traders think that trading is very easy and making money through trading is the easiest thing to do in the world.  This is surely not true. Trading is as difficult as any other business or work and it requires dedication, knowledge, learning and experience.
Those who do not understand this and take trading easy normally lose all their funds in a very short period of time.

[imstillthebest]

I totally agree with you. New people will often find it difficult to understand how to make a lot of profits and often they have a lot of accounts burned.
Therefore, hold is best for new people, especially with Bitcoin. easy profit, not too much pressure in trading.

Many new traders think that trading is very easy and making money through trading is the easiest thing to do in the world.  This is surely not true. Trading is as difficult as any other business or work and it requires dedication, knowledge, learning and experience.
Those who do not understand this and take trading easy normally lose all their funds in a very short period of time.

no one said that trading is an easy way to earn money but everyone is saying that trading is the best way to make money yet great power comes great responsibility ( like the saying says )  . as a newbie yes you will be attracted to these promising words but as a newbie you should also know your limits  .

 a newbie must first stick on easy and less riskier ways to earn until they know how to handle thier emotions and until they know if how the coins move  after they master it , they can now advance to trading 

[Taskford]

Unless you are not the type of people who easily gets affected by fud and fomo. Trading is for people who can control their emotion properly, plan their trades ahead and make countermeasures when things goes wrong. People who are also willing to risk their money in a volatile market.

[TheUltraElite]

I would disagree with the thread title because every trader has to start somewhere. Because this cryptocurrrency trading became lucrative, being anti to that is alright if you have you own reasons for that which anybody would respect. But for those who are willing to trade and take that risk for them such topics are useless.

Being a pro/experienced in wall street trading which happened before crypto came into existence of this epic proportions, would actually help the trader. For newbies its good to go through basic fundamentals of trading and how the market psychology works. Then do some dummy trading before jumping into the real things.

Bottom line is that trading is not something that would make you rich a short time span. It needs practice dedication and a lot of homework with a lot of mistakes being done. After that is it upto the learner to decide whether to continue or leave.

[CryptoInsights]

...unless you have some skills from the financial world that you can transfer to crypto.... and even that, NOT SURE.

Too many newbies get burnt.

Unless you have solid experience at reading graphs, clouds, candles, etc, don't do it. You may make some money by pure luck when you will get burnt in the long term because it's a new field for you.

There is no worse feeling that selling at XXXX$ and then see the price go up by 2k in a week span. 

My advice for newbies is to invest long term, by long term I mean 2, 3 years or longer.

Best of luck.

I some what agree with your advice unless there is no much experience one should not just jump into trading. To get experience there are platforms which offer Test net and also paper trading where we can trade like a really market but do not actually play with actual funds.

Also, for any trader it would be great if one is able to trade with control on greed and emotions.

[Bossian]

Just so you know, I will lock this thread to avoid parrotic bots from posting.

Thanks for your attention.