SIMPLE ADVICE TO ALL NEW TRADERS

[Metall303]

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

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[Ridwan Fauzi]

Exactly! when I was new in leverage trading the first mistake I made was using high leverage because of that I lost a lot of bitcoin it's only later I understood higher leverage equals lower liquidation price. We should always take ladder entry with low leverage IMO. Also, do not just blindly open a position without understanding the market.

Sometimes leverage system is a good for someone who just have small money. Yeah, I often see some youtube channel who provide that he got $900 just in one day with he spent $100 for his capital and yeah that is a crazy thing. And otherwise, I follow the rekkt whales telegram group and in one day I always see that there are a lot of investor (most likely whales) who just lose at least $100.000 for their trade. I don't if I were them maybe I will go crazy if I lost $100.000 just for trading. You are right mate, leverage system is not deserve for newbie trader who just blindly open and may tend to be greedy.

[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.

[Lorokan]

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

One fact we need to come to terms with is that, a good trader is not a good trader because of the profits they make; a good trader is judged based on the number of times they are able to replicate their profit margins, and the skillset they have to narrow their loss margin in each respective trade they make.

As a trader; you have no business doing futures if spot trading still give you massive loss. always do your own research and don't look up to anything or anyone.

[bitgoldpanther1978]

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

To tell you the truth mate, Trading is for everyone I've been said this many times here in the forum but I will tell once more.
" Many are called few are chosen " I hope you understand this quote dude. Trading is not that easy like others thinking that this is
a simple things to do, but they are totally wrong you need to spend long time before you become a responsible individual traders
in cryptocurrency.

[zulfi125]

As you know most of the people wants to become rich overnight that why recommending future trading leverage 20x, in my experience about future trading with more than 5x is very risky and most of the people lost their money soon, the best strategy is to invest in the spot market and top altcoins in coinmarket cap and wait for little long time so that can give good profit from altcoins.

[blue_hurricanger]

You can be a good trader after the amount of time and experience but to be a good futures trader? That thing needs more than just experience and knowledge. Maybe because futures trade involves also luck factor so I think any traders need to think twice before going into that zone.

[alik111]

This is the main rule of trading to learn technical analysis and to have a good knowledge about risk management.

So this lesson is universal for Crypto trader.And I believe everyone knows that.And about leverage trading I am not it's supporter.Becasue this is not profitable in maximum time and it's the worst if you hit liquidation price.

[0verseer]

As you know most of the people wants to become rich overnight that why recommending future trading leverage 20x, in my experience about future trading with more than 5x is very risky and most of the people lost their money soon, the best strategy is to invest in the spot market and top altcoins in coinmarket cap and wait for little long time so that can give good profit from altcoins.

Yeah, leverage trading with anywhere over 5x is a gamble with luck. Invest in a good coin, doing altcoin spot trade, swing between USDT/BTC when the market in the volatile state is less risky over leverage trading. Anyone want to speed up the process, going for a high leverage x is a bad move.

[Chukwunonso]

I've always known that trading is not as easy as it seems, but when it comes to futures trading, that's something much higher that requires a professional approach and a great deal of patience and expertise.

[batang_bitcoin]

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

That rule was made by you or you have a mentor that monitored you and gave those guidelines for you to follow? I think you have made it properly and that kind of ruling as a new trader is a basic requirement. The discipline that you have learned with that rule made you a better person and at the same time a trader. If you were able to make such amounts with a capital of $100 and you are very disciplined, how much more you can with $1000 capital.

[shinratensei_]

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

That's about to build your mentality to adapt to the situation that was happening with the market. As you can see so many newcomers were trading with a lot of money and that's very risky to be done by a new trader that knows nothing.

[fuer44]

specifically for trading in this crypto market there is something different from other trading. the crypto market is volatile and has not been legalized by the government. so in addition to our proper analysis of trading, being careful when entering into market exchange is also important. where we have to really choose a market and platform that is trusted and has high liquidity.

[peterlustig]

Exactly! when I was new in leverage trading the first mistake I made was using high leverage because of that I lost a lot of bitcoin it's only later I understood higher leverage equals lower liquidation price. We should always take ladder entry with low leverage IMO. Also, do not just blindly open a position without understanding the market.

leverage is important, but I generally do not recommend anyone to trade with leverage if a person is not a professional trader and has less than 10 years of experience in trading

True. I would never suggest any newbie to start leverage trading because you can lose money as easily as you can gain money. There are tons of YouTubers claiming you can easily make money using leverage trading but they are just trying to up their referral count so that they can make money.

[Yatsan]

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.

That's why we said that trading is not for everyone, because it really takes a lot of preparation not just financially, but you need to be mentally tough as well. Can you take seeing negative in your account? Are you emotional trading? So you need to have discipline and learn to control your emotions, you shouldn't trade with your heard, but used your brain to make logical decisions.

I agree on the point that when doing trading you must equip yourself not just financially but also mentally as well as physically because all of those are correlated with one another. (1) Financially stable in a sense that when doing trading, you must have your own fund to use and not a borrowed one so that you will not feel any pressure that you must earn on an instant to be able to pay right away the capital you have borrowed to get started. (2) Mentally because trading will challenge the way you think and perceived regarding your trading strategies and how you can be able to cope up on the changes happening in the market that can affect your trades. In mental strengthening, emotional handling comes in because if you have a stable mental perception this is when you can control your emotion not to drive your decisions with impulse because of what you just feel in your emotion. (3) Physically in a sense that upon trading you must also strengthen your physical aspects because there might be times that there will be sleepless nights for you do not want to miss any opportunities on the volatile market that can be favorable on your part.

With regards to not all people are capable on doing trades, actually for me all are capable it just so happen that they still do not know how to do trading but if they will study to learn and understand how it is done, they can still do on trading. It just so happen that we have already know how to trade which makes us capable to trade on which at the first place we also started as newbies. If we have done that to reach this point, then other people starting can do it also. Just do not rush things and make time for learning before engaging.

[Janus101]

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.

[fvb]

Trading such different amounts is, I think, very different.  Mental stress will make itself felt.  And this will influence the correct choice of decisions.  This is a complex business that requires a lot of time and investment.  This is work on yourself first of all.  Secondly, training and technical analysis.  Another important aspect is quick decision making and psychological balance.

[qigong13]

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.

[Genemind]

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.

That's why we said that trading is not for everyone, because it really takes a lot of preparation not just financially, but you need to be mentally tough as well. Can you take seeing negative in your account? Are you emotional trading? So you need to have discipline and learn to control your emotions, you shouldn't trade with your heard, but used your brain to make logical decisions.

I certainly agree with you. Trading is actually a long process of learning and mental conditioning. Since the market is unstable, we should also learn how to control our emotions or else it will be the one who will control us. Trading isn't as easy as everyone thinks because there isn't an assurance of a good profit. It needs further understanding for us to deal with every market situation easily.

[semobo]

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

Choose your own trading strategies, don't fall for others.Yes it is true that we need patience if we want to make money from trading but some times we also need to act quickly to save us from huge dumps for that we can use trading bots and stop loss features but again its your money so take responsibility while making trade orders.