What advice will you give to a beginner trader?

[doomloop]

From my own perspective, you will learn in every stage of trading and you should go after gathering proper trading knowledge how to survive in the market. It will help you for being more patience and will keep you optimistic that you will be succeeded in trading.

I would say don't look to survive in the market because when you have the mentality to survive your trading decisions will be defensive and more towards avoiding loss rather than being pro-active and taking minimal risks and looking to end trades in profits.

As a defensive trader you would be happy selling your BTC at 10k which he bought lets say at 9k but a more pro-active trader would wait a few extra months and rather sell it for 20k or even more. Sometimes I understand we have to avoid taking risks but this crypto space is all about being ballsy and taking risks.

If you have enough balance and you can afford it while your strategy fall, then you may go for trading. Don't put all in one, spread your budget to some coins or tokens then you may able to make it proper distribution that will help you to involve more in trading.

Again, on the contrary I would suggest going more towards a single asset and that too Bitcoin because all the other coins are not worth investing when the bitcoin market is going bullish.

[RPDesim]

Trading is a good way to make money but it is so risky for new traders. I will suggest new traders to trade on demo account. More market analysis is needed for being a good trader.

If you can time the market right, trading crypto can give you much higher returns than traditional investments.
That's why knowing and considering what's the best cryptocurrencies over the market is sometimes a must. Furthermore, that is where we can see BTC, ETH, XRP and LTC. Actually a lot more. Also choosing the right and safe exchange should be learned.
For traders who are simply beginning, the cryptocurrency market can some of the time feel like a wild rollercoaster ride. So better to have an open eye and an open mind always.   

I just recollected this colloquialism; “don’t put all your eggs in one basket,”  it may be old, yet it's a recommendation that actually remains constant when investing in cryptocurrency. Furthermore, simply a say, Instead of using only one single exchange, it very well might be smarter to use a few distinct exchanges to deal with your trades. Indeed, even the biggest ones have experienced hacks, so it pays to spread your possessions across various accounts.
However if you would prefer not to and you think it is more complicated for you, you can go for one. For instance, kucoin. I actually do my trading for BTC and ETH over there for about years. And I'm still good.

I'd say KuCoin got a decent credibility and I've been using it for quite some time - never had a serious problems so I'm all good, binance is okay too but its just as overhyped as uniswap so I shook it off. Exchanges are for trading only and solely for that reason so you just gotta choose where your preferences fits.

[menoiazei]

Invest whatever you don't care about losing
Patience and understanding why you buy or sell something is a must
the you play the more you will learn

[angrynerd88]

I suggest  fledgling that some time recently getting into exchanging prctically and get basic knowlwdge of trading, the primary thing to do is ponder the advertise, apply essential investigation speculations and specialized examination, believe the books and learn some time recently you believe proactive traders.It will handle your possess contentions, and after that after you have your examination, exchange with virtual cash some time recently doing it for genuine.

[FanEagle]

I'd say KuCoin got a decent credibility and I've been using it for quite some time - never had a serious problems so I'm all good, binance is okay too but its just as overhyped as uniswap so I shook it off. Exchanges are for trading only and solely for that reason so you just gotta choose where your preferences fits.

Kucoin is definitely one of the best ones out there. I am not the one to downplay Binance, because I use only binance and BSC right now, I do not use uniswap at all and I do not use Kucoin neither, but just because I do not use Kucoin doesn't mean that I do not know about them neither.

I have a friend who works there and I can tell you that they are awesome at safety, I do not remember any time they were ever hacked neither, like even Binance which has insane amount of money did get hacked few times, so it is a marvelous achievement not to be hacked in crypto world, those places are under attack every single second, not a second goes by without them being attacked. Hence I think even though I do not use them, I agree that Kucoin is one of the best out there ever, I do think Binance is awesome too but I wouldn't be able to say anything to someone who prefers Kucoin.

[Webetcoins]

Many people talked about how they could become better traders but nobody talked about what they should do beforehand. I believe a good trader should become a good investor first, if you are a good investor you could become a better trader and easier as well. I know that there is a good chance that if you keep grinding and learn trading alone, you could definitely become a good trader, there is no "must" with investment because if you do not have enough money it will not make you a huge return, it may but long term investment usually doesn't bring life changing amounts of profits (usually).

However with trading you could make more and more money and you could reach to insane levels IF you are good. Which is why I understand people ignoring investments, but if you can get better at that, you could definitely become a good trader easier.

[Wipeout2097]

Educate yourself everything almost exchanging. Make  sure and have teach and a arrange to take after. It may you wish to have in arrange to be effective at exchanging. Learn how to oversee your hazard and capital and you're all great. Keep in mind a enormous rate of exchanging is almost testing your tolerance and emotions never let yourself lose fair since you lose one exchange. And the foremost vital run the show to avoid Covetous.

[milewilda]

Educate yourself everything almost exchanging. Make  sure and have teach and a arrange to take after. It may you wish to have in arrange to be effective at exchanging. Learn how to oversee your hazard and capital and you're all great. Keep in mind a enormous rate of exchanging is almost testing your tolerance and emotions never let yourself lose fair since you lose one exchange. And the foremost vital run the show to avoid Covetous.

Self experience will really be the key because you would definitely learn up with due process.Reading up theories arent bad but the real learning was actually on true
engagement with the market and the rest will follow.Just have that dedication for you to learn and sustain yourself with this very unpredictable market.
We do all start on being noob thats why you should realize and accept that losses are common.Dont make yourself perfect because this isnt the goal you've been aiming for
but rather try to be sustainable and able to play with the market without burning up all of your capital.