Trading for Beginners?

[fullhdpixel]

A training with demo account to get a first experience on how trading works would be really good. Try to find a real time demo trading platform and try to apply different strategies and see which one that would work for you. Then when you start, do so with a small amount, there’s nothing wrong with starting small and getting little profit.

As time goes on and you’re getting perfect with the business you can then be increasing the amount you put in for the trade. And do your best not to trade with emotion or it’s going to ruin everything.

[coin_1122]

A training with demo account to get a first experience on how trading works would be really good. Try to find a real time demo trading platform and try to apply different strategies and see which one that would work for you. Then when you start, do so with a small amount, there’s nothing wrong with starting small and getting little profit.

As time goes on and you’re getting perfect with the business you can then be increasing the amount you put in for the trade. And do your best not to trade with emotion or it’s going to ruin everything.

In cryptocurrency, there is no demo platform for the beginners, I hope in Forex trading, there is a demo version for the beginners but it is completely different from the cryptocurrency. But we can implement all our experience which we learned in Forex, trading is completely different even an experienced person will face some difficult situations.

[carlisle1]

A training with demo account to get a first experience on how trading works would be really good. Try to find a real time demo trading platform and try to apply different strategies and see which one that would work for you. Then when you start, do so with a small amount, there’s nothing wrong with starting small and getting little profit.

As time goes on and you’re getting perfect with the business you can then be increasing the amount you put in for the trade. And do your best not to trade with emotion or it’s going to ruin everything.

But at least you must be ready to risk money first because trading is not that easy to do,we have so many traders wannabes that made their way here but fail to make a profit and in the end resigning and make another path in life.
Spending money first will give you a chance to become successful trader but the problem is not all of us can afford spending to have a advice from professional traders.

[abel1337]

In cryptocurrency, there is no demo platform for the beginners, I hope in Forex trading, there is a demo version for the beginners but it is completely different from the cryptocurrency. But we can implement all our experience which we learned in Forex, trading is completely different even an experienced person will face some difficult situations.

I think it's the same as long as you get the essentials on trading like knowing the chart and how placing orders and bids. Tutorial on trading is widely available online but the experience itself is self-learned and a platform that lets you trade without risking a thing will greatly boost your experience.

Some successful trader was devastated at first with their loss when they were just starting (It's a fact), Don't let a mistake stop you in achieving your goals. I also did a big mess before but it contributes to my experience and the mistake I did became a lesson to me and I promised myself not to do it again.

[lienfaye]

But at least you must be ready to risk money first because trading is not that easy to do,we have so many traders wannabes that made their way here but fail to make a profit and in the end resigning and make another path in life.

Thats why its important to know everything about trading and gain knowledge first to avoid the usual mistakes that newbies often commit.

When I was a beginner I didnt enter in trading until I dont understand the basics, its an advantage for me because I have someone who help me throughout my journey.

There are also videos on youtube that can help a newbies to understand well how trading works. If you decided to try the actual trade its better to use small amount so it wont be hard if you lose it, what important is the experience.

 

[MWesterweele]

A training with demo account to get a first experience on how trading works would be really good. Try to find a real time demo trading platform and try to apply different strategies and see which one that would work for you. Then when you start, do so with a small amount, there’s nothing wrong with starting small and getting little profit.

As time goes on and you’re getting perfect with the business you can then be increasing the amount you put in for the trade. And do your best not to trade with emotion or it’s going to ruin everything.

I haven't heard a demo account that can be used , I mean a demo account with fund for us to use in trading, I highly suggest that it is not bad to use your main account with fund when you first time trade, because with that you may come up with a different strategy on how you will manage your money correctly, and how will you put that in different altcoins, you need to start to deposit little by little amount, do not put too much .

[fullhdpixel]

First things first, do not stop when you lose. I know it may sound greedy at first but let me elaborate it.
Trading is not a friendly one to a friendly person. It takes a lot of effort, time, money and emotions to build an established trading portfolio. But when you lose, don't consider it as a failure but rather address your opportunities and solve it and do not stop. That is the best thing for you to do as a beginner. Nevertheless, Put some passion for your trading and avoid being aggressive with no good basis.

Most worst case scenario which I saw among the new traders was that once they have loss at the initial stage itself, they declare trading as never profitable method of earning revenue and they turn their back towards trading. This is what makes most of the people feel insecure about trading. Trading was never an easy task. You need to spend hours and days learning how to trade by minimizing the loss.

If you have loss at the starting stage does not mean that trading was never meant for you. In fact, you should gain experience from such loss and analyze how you landed up in loss by analyzing some patters and charts. This would make you gain some experience so that you can use the same in your next executed trade.

[isaac_clarke22]

Well since you're still beginning, I would advise you to start virtual trading if you're kinda scared of losing quite a capital.
Start with like few USDs first.
Choose the exchange you want to trade at, I expect that you would end up in Binance since that's what the majority will tell you, but think out of the box and you'll get Bittrex, Etherdelta, etc.
Don't go straight into day trading, if you're planning into it since you're still beginning.

[Freddy11]

When it comes trading, it’s must that we do it in a very proper and careful way because it’s too challenging otherwise. I find it super easy and comfortable with FreshForex broker. It’s one of the kind that always helps with trading and allows us to perform well, so that’s where it becomes so good working with them.

[Touheedkhan78]

For Trading you must have a plan how many percentage you daily want on your portfolio and don't take risks in starting point

[darewaller]

When you first starting, I don't even mind if you play the game ones, not even demo but the game. There are some apps and computer games that you can play in which you will of course not make so much money of course but at the same time you will learn what the basics are there, then you can move towards demo ones where you basically play the same game but just multiplayer instead of just by yourself which would be amazing improvement for you because there would be other people involved and you will realize how not so good you are yourself.

In the end, if you are good at the demo as well, you can move towards doing the real trading and start slow and small and if you are good enough and start to make profit, that is great, if not you can always go back one step and try again.

[Negotiation]

For Trading you must have a plan how many percentage you daily want on your portfolio and don't take risks in starting point

I agree with you but other than that many of the risk of trading newcomers do not know that they often lose their money after greed For this reason before trading you need to research different places and trade trading charts. Before investing you need to check if the place is worth the dependence.

[TheUltraElite]

Many beginner mind set is trading means a biggest profitable platform, this is a vice versa they didn't think, where from who will make money in every month, it's true so much traders take it full time job.

I would not suggest someone to take trading as a full time job. It cant be unless you have been trading for a long period of time but then the question by the OP becomes redundant since they asked for beginners.

When it comes trading, it’s must that we do it in a very proper and careful way because it’s too challenging otherwise. I find it super easy and comfortable with -----snip---- broker. It’s one of the kind that always helps with trading and allows us to perform well, so that’s where it becomes so good working with them.

Forex is not same as cryptocurrency trading. The topic is about the later. Also do not promote some site like that. Give the reason why you think they are good instead of saying they are good. Provide proofs then we can talk here.

For Trading you must have a plan how many percentage you daily want on your portfolio and don't take risks in starting point

That is not everything. You may have a plan of a certain percentage but never reach it. It is important to know how to read the price charts and keep on going with the market even when you think it becomes boring but not trade - for a beginner.

[Assface16678]

For Trading you must have a plan how many percentage you daily want on your portfolio and don't take risks in starting point

I agree with you but other than that many of the risk of trading newcomers do not know that they often lose their money after greed For this reason before trading you need to research different places and trade trading charts. Before investing you need to check if the place is worth the dependence.

I want to share my trading experience too and all of my learnings to my entire life of trading and In the beginner phase of my trading it takes me for over three weeks to study about the process of earning in trading and after a few days before I start into the real world of trading. One of the things we need to do in trading always be ready to prepare your mind about the possible things will happen on your trades using your knowledge so you can decide what kind of action you will do avoid loss of money. A trader always aims for profit. When the price comes high low grab the opportunity to predict when the price drops don't get scared and pull out your money avoid this because you cannot get any profit if you will always be afraid of falling your income. The market price is volatile. Ever think about the things you do.

[@prashant]

First of all go through a basic tutorial on reading charts and learn various market strategies then you can use demo account and check your skills and continue to improve before going with real money. Patience is most basic and necessary criteria if you want to be good trader , in initial phase avoid bot trading and do manual short targets. Later on depending on your skills you can increase your threshold and earn good profit.

[LUCKMCFLY]

~snip~

There are many things you should keep in mind, my personal advice is as follows:

1.- You must establish if you want to be a market speculator or Investor.

2.- If you want to be a market speculator, you must be clear that you must follow the line of least resistance in the market, no matter if the market rises or falls, you must follow the direction of the market and hunt the movements.

3.- Do not let yourself be guided by any technical analysis, there are many who just want to monetize with advice that they do not follow, I recommend you read books by speculators like Wyckoff, Livermore, so that you learn to understand the market, even when you have arguments you will be able to separate the good from the bad of information.

4.- If you want to be an investor, the most advisable thing is to sell all Altcoin, put it in Bitcoin and leave it there until a new bullish trend process is recommended.

[Twentyonepaylots]

A training with demo account to get a first experience on how trading works would be really good. Try to find a real time demo trading platform and try to apply different strategies and see which one that would work for you. Then when you start, do so with a small amount, there’s nothing wrong with starting small and getting little profit.

As time goes on and you’re getting perfect with the business you can then be increasing the amount you put in for the trade. And do your best not to trade with emotion or it’s going to ruin everything.

In cryptocurrency, there is no demo platform for the beginners, I hope in Forex trading, there is a demo version for the beginners but it is completely different from the cryptocurrency. But we can implement all our experience which we learned in Forex, trading is completely different even an experienced person will face some difficult situations.

What you can do at the very least for the lack of demo accounts on cryptocurrencies is to create a dummy account thrown in with a few cryptos so you can just test the waters. That way, you wouldn't lose everything all at once and you'll gain some valuable insights on how to invest in crypto without breaking the bank

Have done that when i first started in cryptocurrency trading, gave me valuable information on how to strategize my investments to gain the most profits while losing money as seldom as possible.

[South Park]

^^ That is the correct approach towards trading when you are beginner, a lot of people lose when they first start and they suddenly became cold against trading because they lost money on it and never come back or come back on a worse time.

If you lose money, know that someone else made that money instead of you, this is a game where one side wins while others lose so that means whenever you lose money someone else made that money instead, even if its just bitcoin going down and you selling or buying at the wrong time means someone else "lost less" than you. The thing as a newbie what you should do is study your losses and study your wins and try to find where you did wrong and then going after it better next time instead of never even touching it ever again, that way you can get better.

Unfortunately this is a concept that many traders do not understand, they do not seem to get they are in one of the most ruthless competitions in the entire world, a competition in which you are fighting against every single other trader in the world, this is why traders have the idea they can make a fortune in this market in weeks, when in reality the few traders that did that took a huge risk and were just lucky, this is why the first skill that a newbie should learn is money management since that will reduce your losses at the beginning but since that is not exciting they do not take the time to learn such a crucial skill.

[Faxmate]

~snip~

There are many things you should keep in mind, my personal advice is as follows:

1.- You must establish if you want to be a market speculator or Investor.

2.- If you want to be a market speculator, you must be clear that you must follow the line of least resistance in the market, no matter if the market rises or falls, you must follow the direction of the market and hunt the movements.

3.- Do not let yourself be guided by any technical analysis, there are many who just want to monetize with advice that they do not follow, I recommend you read books by speculators like Wyckoff, Livermore, so that you learn to understand the market, even when you have arguments you will be able to separate the good from the bad of information.

4.- If you want to be an investor, the most advisable thing is to sell all Altcoin, put it in Bitcoin and leave it there until a new bullish trend process is recommended.

All those are really good ideas for trading mate we should get into trading for fast and safe profit but it all about us how to keep safe from lose abs from scamming so just be very careful in trading specially when you are starting your new journey in trading. Better focus on making research and don’t stop learning as knowledge is the basic need of trading.

[adzino]

You should reduce the font size (or just use the standard default size). Kinda hard to read if you keep the font size too big.
Anyways, just couple of hundred dollars in BTC is not enough for trading. I mean, yeah you can trade with those, but you won't be making much of a profit. The time you would be spending behind trading wouldn't be worth it at all. But since you are new, low investment will actually help you to learn how to trade and you won't be losing much due to small capital. Just start small, try different kind of investments and learn from your mistakes.