SIMPLE ADVICE TO ALL NEW TRADERS

[ampere]

TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage ,  to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.

your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.

ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR

I agree with you, a good trader does not go around sharing his wins, especially a single win. A good trader has numerous profit history to choose from and does not need to send you any proofs, instead he guides you to perfection and help your trading knowledge. Always avoid signal groups and learn to be independent in your researching

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[key4co.in]

ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR

New traders always get overly excited when they see screenshots of gains posted by some so-called pro traders who most times do that to advertise their paid channels. There is no successful trader with zero loss in trades, if they only show you wins, without showing you losses, then be suspicious. The very first approach to be a good trader, independent on paid channels is TA mastery, then starting small and learning from experience.

[panganib999]

Just like doing investment, in trading you must also equip yourself with prior knowledge that concern on how you will do trading so that you can be able to keep up on the fast changing pace of the market. Trading without having prior knowledge on how you will do a trade is like putting up your money into a gamble that maybe you will be lucky to gain on quite sometime but most probably you will fail doing trade because of rushing things out not knowing the basic ideas and concepts needed before you conduct your own trade.

Like investment, trading also takes time and patience together with discipline to be able to hold back on temptation that will challenge your mind to do decision making of what you will do on your money upon doing trading. Do not let your emotions dig in or intercept the way you do decision on your trades because impulsive decisions driven by emotions can lead you into a failure. Learn to observe and duly understand the flow of prices so that you will not be mislead on doing your trades that is why having prior knowledge is really in need on this one because money is at stake and if you will not take it seriously, this will lead your money on a fail trade. Learn first before you act on engaging into trading and do not rush things out because it is a must thing to do if you want to be a successful trader.

[iamaruf]

to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.

Have you ever traded in the market?
Trading with $ 10 fund is completely different from $ 10k fund especially trading psychology. It is possible to achieve a high profit rate when trading with a small money, but once you have achieved a large amount of capital, all of your decisions will be affected by your psychology. This is what I went through when trading.

Maybe you didn't understand what OP saying. You are telling the amount amount but he tried to understand that 10$ and 10k$ doesn't matter you have to maintain the rules. Like if you think that 10k$ is huge money so I have to research before buy etc etc. On the other hand if you think 10$ is very low so I don't need to research just buy and hold. Then you are wrong you have to be professional and have to research before buying.

[michellee]

I studied trading and during the first year, I was not allowed to use a balance of more than $ 100. I entered trades for very small amounts just to practice discipline. in the second year, I was allowed to trade for 1000 dollars

No matter how much money you use to trade, as long as you can learn more about trading, you can make a profit, so your funds will become bigger. When your funds become bigger, you can trade using big money, and if that happens, you will have a chance to make more profit in trading. Many people start trading with a small amount, and many do not give up trying to make a profit. But only some of them can survive and finally, make those profit while the other trader leaves the market.

Many people with a small fund never actually made their funds become big because of leverage trading. Too impatient with a small fund = putting at very high leverage and easily lost all of their funds. You need to be slow and steady when it comes to leverage or better yet, don't do it at all and stay with spot trading, buy low sell high.

Using leverage trading for new people who don't know much about trading will be too risky and dangerous because they can get lost anytime. It will be hard to analyze the chart because they will not have an idea to enter and close the trading. That people need to learn more before they use leverage trading and I think they need to try using the other exchanges rather than to try with the leverage trading.

[rodskee]

Using leverage trading for new people who don't know much about trading will be too risky and dangerous because they can get lost anytime.

Precisely, it's not just luck that they should rely on but understanding and
knowledge within this market is very important.
Leverage trading needs great anticipation and good management of your funds.

It will be hard to analyze the chart because they will not have an idea to enter and close the trading.

This is crucial with new traders, the market movements, even in small actions, will
create impact to your position.

That people need to learn more before they use leverage trading and I think they need to try using the other exchanges rather than to try with the leverage trading.

Practice with another different types of trading is a good suggestion. Newbie
might need to understand the basics,
then try to analyze and understand if they already have skills that they can use
before pushing their involvement with leverage trading.

[Kotone]

Newbies that can't control their greedy will go straight for leverage trading, no matter how much you try to shut down that idea in their head. I think you should let them be to lose their money and know-how scary leverage trading is without any knowledge.

Leverage trading is a risky type of trading. If you would compare it to a normal spot trading then you are like gambling with a small percentage of winning. Im not saying there is no chance to earn, but make sure your apetite for it is not all or nothing. Learn to be patience cause profit not come with greed at all. I am not an expert trader and dont understand high technique on technicals but I can control myself when to sell and when to buy at time. If users wanted a moderate risk then hold your best coin and wait for it to gain in long term period.

[michellee]

Using leverage trading for new people who don't know much about trading will be too risky and dangerous because they can get lost anytime.

Precisely, it's not just luck that they should rely on but understanding and
knowledge within this market is very important.
Leverage trading needs great anticipation and good management of your funds.

If you depend on luck, I don't think that you will be able to make a profit because it is hard to get luck in trading unless the market can up and down significantly, so the luck will come to you.

It will be hard to analyze the chart because they will not have an idea to enter and close the trading.

This is crucial with new traders, the market movements, even in small actions, will
create impact to your position.

He can be able to analyze the chart if he wants to spend time to learn to trade. The more he can learn, the more his chance to be able to analyze the chart and find the right time to enter the market.

That people need to learn more before they use leverage trading and I think they need to try using the other exchanges rather than to try with the leverage trading.

Practice with another different types of trading is a good suggestion. Newbie
might need to understand the basics,
then try to analyze and understand if they already have skills that they can use
before pushing their involvement with leverage trading.

The leverage trading is for people who already know how trading works, and they have skills to analyze the market. Even if they don't have high trading skills if they know how the leverage trading works, they will be able to buy low and sell high, and they can control themselves in making a profit.

[ttcsalam]

TRADING is not something anyone rush into because it's paying people, its something you sit down, read and understand and also learn by doing. To trade furures, no good trader will tell you to jump into futures trading with a small capital and high leverage ,  to be a good trader you need discipline , the same discipline you apply to a 10$ account is what you should apply to a 10k$ account.

your trading capital is just numbers on the screen, the method and ways by which you manage those numbers is what will determine and make you a good and profitable trader.

ITS GOOD TO KNOW THAT ANYONE CAN BE A GOOD TRADER WHEN THEY ONLY SHOW YOU THE PROFITS THEY MAKE. DONT LET ANYONE RUSH YOU INTO WHAT YOU ARE NOT PREPARED FOR

I will say in simple language that rules are an important issue in trade.I think it is possible to make a profit if you can trade according to the rules.
And of course good feedback is available if you stay within the rules.Nothing good can be expected without rules.One thing to keep in mind in trade. You don't have to be late to make a decision.The ability to make decisions is much more important.

[pikkie]

Newbies that can't control their greedy will go straight for leverage trading, no matter how much you try to shut down that idea in their head. I think you should let them be to lose their money and know-how scary leverage trading is without any knowledge.

Leverage trading is a risky type of trading. If you would compare it to a normal spot trading then you are like gambling with a small percentage of winning. Im not saying there is no chance to earn, but make sure your apetite for it is not all or nothing. Learn to be patience cause profit not come with greed at all. I am not an expert trader and dont understand high technique on technicals but I can control myself when to sell and when to buy at time. If users wanted a moderate risk then hold your best coin and wait for it to gain in long term period.

well, I totally agree with what you say because trading Leverage must require very superfluous research and must be able to always standby to adjust entry and exit positions, it will only make you uncomfortable and always worried about your assets in the exchange place even though there are stop loss.