Simple trading advise for newbe that should follow

[ufaiz50]

what is very difficult is how we learn and where we begin. I'm sure we know how we should be traders who often make profits and rarely lose. that is by learning, but often we do not know where to study commerce and end up lost.

[1715059621]

1715059621

[harizen]

It's better for me to see newbies failing in doing trades on their early phase of trading journey. They will never be used in handling the risks if things are always going easy. As long as they learning every time they lose and not giving up to try again, that's good.

Reading basics is a must preparation prior to entering the trade but a newbie will just understand the deep meaning of those basics once they experienced it in actual. Professional traders today still got wrecked on decision making but since they are used to experience loss, they can deal with it anytime.

There's no shortcut to progress. Losing experience is a strong foundation that professional traders have. I'm not saying newbies should always suffer from a deep loss but they must experience the wrath of losing so that they will seriously try to avoid it next time.

[Janation]

what is very difficult is how we learn and where we begin. I'm sure we know how we should be traders who often make profits and rarely lose. that is by learning, but often we do not know where to study commerce and end up lost.

To be honest, it is not that hard.

Unlike in the past where you don't have that many sources to learn about trading and investing, right now, you could learn a lot from sites, articles, numerous books and even in this forum. Some of those people are just limiting what they are reading since when they see they are getting profits, they are stopping what they know, we shouldn't be like that.

[desertfox470]

I think some basic advice is what many apply to the stock market. Find a platform that fits your needs. Buy low sell hogh, know your bottom dollar for losses, and secure profits wjen you can. Don't gamble money you dont feel comfortable losing.

[DevilSlayer]

It's better for me to see newbies failing in doing trades on their early phase of trading journey. They will never be used in handling the risks if things are always going easy. As long as they learning every time they lose and not giving up to try again, that's good.

Reading basics is a must preparation prior to entering the trade but a newbie will just understand the deep meaning of those basics once they experienced it in actual. Professional traders today still got wrecked on decision making but since they are used to experience loss, they can deal with it anytime.

There's no shortcut to progress. Losing experience is a strong foundation that professional traders have. I'm not saying newbies should always suffer from a deep loss but they must experience the wrath of losing so that they will seriously try to avoid it next time.

Failing is important and required to newbies because it will serves as trigger for them to take serious on trading. There is no professional who doesn't experience failure, all of them overcame the failure and it leads them to become profitable trader. There are many lessons that we can learn if we fail, we should see it as advantage because it can help us to become trader who is consistently earning in the market.

[maydna]

I think some basic advice is what many apply to the stock market. Find a platform that fits your needs. Buy low sell hogh, know your bottom dollar for losses, and secure profits wjen you can. Don't gamble money you dont feel comfortable losing.

Don't try to enter the stock market or crypto market before you learn something about trading because you cannot get something, and that can make you confusing. You should spend your time to read or watch the tutorial on how to trade so you can imagine or you can know the point. After you understand what you should do in trading, then you can enter the market, but you don't need to deposit huge money for the first time. It is necessary if you can try with the demo account so you can practice from what you read, and the best is you can learn by practice.

[CryptopreneurBrainboss]

Quite few simple trading advise for newbe trader

Keep an eye on these and take the entry when the confirmation comes.
Then the profit will be suture.
Thanks

Learn the process than earn that'll be my advice. We make this trading of a thing look complicated by placing different rules on every decision a trader will take thereby making the whole professional look difficult. Trading is simply buying and selling of anything and the cryptocurrency market has even made it easier as anyone can advenyinto the field without any prior knowledge and learn the process then earn.

A newbie will learn more when they experience most of the don't of trading themselves although in a smaller budget since that's one of my recommendation for a newbie trader, "start small, trade in a low budget until you can handle huge funds".

[iv4n]

There're good advices on this forum for all newcomers who wish to try to trade, but as we all can notice most of them don't notice that. We see newcomers when they come here to cry about their loses. Now we have so a good deal of info about trading, about exchanges, specialized sites for that, bloggers, and many people who wrote about their experience in trading. Who wishes to learn about trading can do it for free, all someone needs is free time and wish to read and learn!
Trading can be profitable in many ways, in short or long run depends on strategy someone applies. I always recommend people to try everything they can afford to try, and to find themselves in specific strategy that suits their personality!

[ScamViruS]

Don't do anything which you don't know. Trading is not a easy job or money making machine. There are many who come to trade, looking at screenshots of another trader's profit. No one can learn trading in a single day. This requires hard work. I have seen many traders who have been trading for three to four years yet do not call themselves trading gurus. So Newbies those who come to trade, increase your trading knowledge. Otherwise, the market may not give you second chance.

[maxreish]

In short, we should DYOR before deciding to buy/sell a particular coin. The hype doesn't mean the coin is really profitable, bear that in mind. And as for newbie, do not afraid to make some mistakes or some losses. That's part of trading. Just trade amount that you only afford to lose. Experience will teach you to become a good trader. Do not just overconfident about your acquired wisdom as we know that learning is always a continuous journey.

[Wexnident]

Use your braaaiiiinnn. No offense, but really. Most trading tips are all about understanding the whats and hows of it. You can read it, say you understand it, but if you don't really do understand it then that's your fault. It's like how in drawing where no matter what number amount of tips you actually get, it's pretty impossible to get good at it in a single day, or week or month for that matter. Pretty much the same with trading, you can't get good at it after a single trade, or 2, or 3. All the good traders out there are an accumulation of experience which constitutes of wins and losses, maybe losses being more than wins. Advises are in the end, there to warn you, but only that.

[sheenshane]

The most common advice in trading is how to execute buy and sell decisions, know also how to stop-loss when you are using technical analysis that becomes predictions accurate result. Yes, there are too many tips and advice in trading but when you are in actual trading you forgot them all easily. Probably for me, the best practice is to have a lot of experience in trading. When you have mistakes at the same time you will learn about it.

DYOR is very important in trading to have good analysis, it doesn't matter technical or fundamental at least your instinct will always be got the right answer when predicting the market price fluctuation.

[darewaller]

I think testing is what they are lacking the most of, nobody really test themselves and their ideas before they actually start trading for money, if you look at all the newbie traders they actually start buying and selling with real money on day one, that is probably the most wrong thing you can do in trading world, everyone learns how to trade on their brain first, then they start to trade.

Create some sort of spreadsheet, and instead of actually spending money that way you will have the chance to test your skills before you can actually start trading. Nobody does this when starting, they just put some money into an exchange, buy whatever coin they read somewhere "will go moon" and then get upset when they realize it is actually dropping and not going up.

[carter34]

Do not buy-sell unless you have received a confirmation.

Looks like this coin is up then let's buy
Do not trade with such decisions on your mind

These are points that we can hold to and advise ourselves on. The place I'm looking at although is "unless you have received a confirmation" but it is better to get a personal confirmation.