What every new trader should be focused on

[pelumi20]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

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[TinaK]

It should be a complete set, you can't go to a battlefield with incomplete battle gear and weapons.
The most important is to focus on your skills and knowledge, creating different analyses and strategies, gaining experiences in different practices and beyond that, if you were successfully absorbing all those important things, the word profit is very easy for you.
Other traders should focus on their trading plan, new traders should have this to avoid misleading by others.

[pelumi20]

It should be a complete set, you can't go to a battlefield with incomplete battle gear and weapons.
The most important is to focus on your skills and knowledge, creating different analyses and strategies, gaining experiences in different practices and beyond that, if you were successfully absorbing all those important things, the word profit is very easy for you.
Other traders should focus on their trading plan, new traders should have this to avoid misleading by others.

I understand your point. That you should have a trading capital plan too while learning. But I didn't say that they should totally ignore that. I just stated that it shouldn't be the main priority as the capital is useless without a trading skill.

Moreover, there are a lot of prop firm that are willing to offer you trading capital, once you pass their challenge to prove you are a good trader.

[cabron]

Not everyone will focus on trading as a real job so if you have to decide that crypto trading is for you then be equipped but also be ready for lots of loss while learning.
Watch a lot of youtube tutorials, I really think it helped me a lot and at the same time not going into risky futures or margin trading.  If you have a Plan B when you are not going to be a successful trader, work on it too as a fallback.

[harizen]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

They are newbies so what can you expect? It's not that they will learn things overnight. Skills will learn on the way. Let them complain. Let them lose some money. Let them confuse. Let them build experience on their own. Let them learn the hard way.

If they are serious in their goals and really eager to learn to trade, they will eventually learn how to deal with their problems starting from the capital or how much money they will risk to how's the stuff they will do while doing trades in order to gain profits or at least maintain winning stats.

[Fatunad]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

Start with low and this is what matter most and its true that capital shouldnt really be that big because you could always start off with small amounts and try to make it big even though returns arent really
that appealing for you but trying to be sustainable is the most important thing which you do end up on profits in the end of the day despite of losses you are experiencing on.
This is what trading do really matters of or people should really be focused on on where it isnt really on the profits but on how long you would able to stand with this volatility.

[Shenzou]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

I mean the capital actually plays a big role into how you start trading and how you get yours skills, i mean if you have a low capital you will be forced into trading altcoins and small currencies which could lead you into making a lot of trades in order to make profit which comes at a greater loss, but if you have some good capital you could be trading the big boys like bitcoin and Ethereum where you could make hundreds of dollars is just a few trades, never the less in both cases you should always be trying demo accounts before starting with your money.

[Silberman]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

While you are correct at the same time it is not difficult to know why they are focusing mostly on their capital and nothing else, people most of the time only care about the end result and not about the process itself used to get there, if they invest money in a coin and they earn money then they are happy even if the coin turns out to be a scam, while someone that actually cared about the process will be worried about the fact they selected such a bad coin even if they earned money with it.

[Hippocrypto]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

Most new traders always look after for fast gains, they don't care for the worst situation that might happen. Basically they don't acquire skills in technical aspects but often time losses will made them learn but not putting their funds at safe state. Most mistakes gives them a good lesson prior obtaining a proper ways of dealing on trading as well as focus will matters most. Guidance from expert mentor must also be observed, because we can't learn all alone and in order to grow peers also will help us become knowledgeable with this field.

[Ararbermas]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

yup skills and enough knowledge is the most important when it comes trading before worrying of anything else. because if you dive in immediately in trading without such important things it's like you go into the middle of the war without any weapons. So be aware always and make sure you can handle everything in trading field because it's not an easy task to do like investment wherein after putting your money you can leave it there for how many months or years, because there's a lot of things to do when it comes trading and you need to be ready always to avoid losses from the volatility of the market.

[GreatArkansas]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital.
(....)

+100. Building first your foundation in trading is a must, learning the basics and grow your knowledge especially how the market works is a MUST before entering into it and having a problem with starting capital.
There are a lot of alternatives if you are a newbie and try just to learn first, there are a lot of exchanges now got a demo, you can trade without depositing any amount of money, by doing that, you are trading with no real money involved, so you can practice there.

[Wexnident]

You still need both though imo. Yes, skills are needed, but enough capital should also be a requirement if you want to go out there and actually profit off of it. Yes, you can profit off of small capital, but it needs to match the skill level you actually have so that it's actually worth it you know? Still, if we were to put a count into what priority it should go, then foundation, skills and understanding would definitely rank first, and your capital would rank below it. It's important to always have a balance in things, so that everything you do actually returns something of equal value, being limited by a certain factor in your tools isn't supposed to happen after all.

[sulendra12]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading.

Really? Then should they use "fake" money or demo account to master their skills?
That's a bad idea, they don't even know how to maintain their funds when certain event occurs. Capital is the same as important as skill if you want to success on it.

The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account.

And if you don't have the money, then where should you initialize the skill you have learned so far? In demo trading? Then we have a bad thing to tell you about.
Even it's a small capital, as long as you can manage your money during the trading with the skill you have learned before. It's much better than using it on demo money.

[jrrsparkles]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

Contrarily you can't become a trading master with $100 as capital because it will restrict our decision making ability and also we should pay more to the transaction fee since we can't hold a pair when we see another pair is doing good.

[bitzizzix]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

This mistake mostly happens to beginners because of passionate carelessness because they think trading is an easy way to earn fast income and without having sufficient knowledge and skills before doing it.
Knowledge is the bridge to success so you have to learn everything about trading in depth and after mastering it you can start with capital according to your ability without having to push yourself beyond your capabilities, trading is not an easy thing and you must have enough time to do it or time full and assume trading is your job.

[Victorycoin]

Is not possible to trade without losses and capital analysis will be before each of your trades you have to do this first of all you need to choose a currency pair that is clear and you need to adjust the trading method and the risk ratio of each trade through proper analysis. Sometimes you have to move away from the position of trading in the same currency otherwise you may be forced to trade in a difficult situation understand the type of your analysis and select specific indicator tools.

[palle11]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

I don't think that you have made a complete post here on the subject matter that you want to highlight. Having capital and skill are not the same thing. A trader with skill and good training needs money to start the business no matter how small it is. When you talk about capital here, I assume that you are talking of huge money and that is not all about capital. Money or capital whatever you call it, is needed for a trader to start up the business. Some traders are set to go and they need capital whether at least small.

[michellee]

They should focus on how they can buy at a low price and calm down for a while. Many new traders buy the coin just because they hear or watch some signal trading from the others without analyzing. They need to search for when they should enter the market and not just search for the signal to buy or sell.

Maybe those new traders need to learn how to analyze better to know what they need to do if the market is not moving as they want. If they have the skill to trade, they will not difficult to search for the potential coins to trade and know when they can buy the coin.

[iv4n]

I can say that focusing on one pair is the best for every new trader! Watch it for a while, check how it moves, try you catch some patterns... I guess after that you come to a simple conclusion, either you have time to follow a specific pair and daily trade or you don't have a lot of time and you have to focus on mid and long-term trades! So on what someone needs to focus on depends on that individual, his free time, learning skills, previous experience, bankroll, those individual goals most of all!
Just asking can't help too much, you need to read more before you start asking questions, to read and try to find something that is interesting for you and what can you put in your schedule! If you find something that suits you focus on that, start slowly, learn more... when you think you are ready invest more in it!

[tvplus006]

I see a lot of newbie traders complain about lack of trading capital...

It is the lack of trading capital and the desire to quickly increase it that leads to non-compliance with risks and, as a result, loss of the deposit. But it is also impossible to learn the correct trading strategy and get trading skills without having an initial capital. There is only one option left for this, either to earn money in real life or to participate in various airdrops.

[Cookdata]

Trading skill isn't always enough to outperform the market. What are your thoughts about uncertainty? It happens the most of the time, especially when there is Fud by everyone in the market.
There was a period, during the covid-19 market crisis, many traders were liquidated because to fear of a protracted bear market, the only ones who enjoyed the market at that time were institutional investors, and that is when they all jumped into bitcoin.
Although skill is essential, that's not enough to justify the success of a trader, anything may happen in the crypto market.

[sujonali1819]

As a new trader you always have to focus on your Skill and knowledge development. And Later you have to be an experienced trader. To develop skill and knowledge you have to learn about trading. For that you can read Some trading related books and Youtube is the best platform to learn everything in mother language. You should do that.

On the other hand on the first stage you should not go to practice with big capital. Just practice with little amount to learn basic , and controlling emotions during reading books and learning through internet.

[el kaka22]

As a new trader you always have to focus on your Skill and knowledge development. And Later you have to be an experienced trader. To develop skill and knowledge you have to learn about trading. For that you can read Some trading related books and Youtube is the best platform to learn everything in mother language. You should do that.

On the other hand on the first stage you should not go to practice with big capital. Just practice with little amount to learn basic , and controlling emotions during reading books and learning through internet.

I would say "books" could be a wrong material here. Reading is definitely a great method but I do not think that you should read books. There are thousands if not millions of resources online that you could read, even binance academy covers most of the basic starting out stuff, and you can learn a lot more about trading online. Books on the other hand are big and filled with mostly useless details or repeated stuff that you do not need to read. While reading a 300 page book, you may learn things half as much as reading 300 pages worth online.

This is why I would say that the best way to learn would be to study online. Youtube still stays, it is youtube, if you can find other video platforms that may work too but youtube is the best. Plus I would add in demo trading as well, they give you fake money but you make actions based on real price changes. Better to lose fake money first before you start with real money.

[Botnake]

As a new trader you always have to focus on your Skill and knowledge development. And Later you have to be an experienced trader. To develop skill and knowledge you have to learn about trading. For that you can read Some trading related books and Youtube is the best platform to learn everything in mother language. You should do that.

On the other hand on the first stage you should not go to practice with big capital. Just practice with little amount to learn basic , and controlling emotions during reading books and learning through internet.

Being a newbie in trading will find it hard to just read the whole trading book and learn and develop his trading skill. It may be good when we are still living in the traditional system, but right now we have all the high technologies around that can be more sufficient in learning. With just a google away, you can see everything about trading through its demos and videos which will be easy for traders to learn. For me, a trader should focus first on developing his own strategies and skills, his mental and physical being. And maybe after that, he can start trading with a minimal amount so he will gain more experiences that will give him more susbtantial learning.

[milewilda]

As a new trader you always have to focus on your Skill and knowledge development. And Later you have to be an experienced trader. To develop skill and knowledge you have to learn about trading. For that you can read Some trading related books and Youtube is the best platform to learn everything in mother language. You should do that.

On the other hand on the first stage you should not go to practice with big capital. Just practice with little amount to learn basic , and controlling emotions during reading books and learning through internet.

Being a newbie in trading will find it hard to just read the whole trading book and learn and develop his trading skill. It may be good when we are still living in the traditional system, but right now we have all the high technologies around that can be more sufficient in learning. With just a google away, you can see everything about trading through its demos and videos which will be easy for traders to learn. For me, a trader should focus first on developing his own strategies and skills, his mental and physical being. And maybe after that, he can start trading with a minimal amount so he will gain more experiences that will give him more susbtantial learning.

Theories are good but wont really be that enough if you do really lack up with real experience because this is where true learning comes on which in actual situation which you cant really gain via reading up books or texts.
When you are just new into this market as a trader then stick with the basics and dont be greedy or making yourself in a rush on earning profits or moeny because this is something that would really be the reason for
you to become desperate and making out actions which would really be putting you off track or simply could really affect on your overall trading pattern.

[Questat]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

That you are absolutely right mate. It was not the capital that saves us from losing but it was the knowledge and strategies. Instead of focusing on increasing the capital, it should be first to learn about trading and gain more experience. In fact, we can find a way to increase our funds and it will grow once we are in profit but that seems impossible if we are lack of knowledge. And these people must have to change their mindset otherwise, there will find it hard to succeed.

[Ryker1]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

That you are absolutely right mate. It was not the capital that saves us from losing but it was the knowledge and strategies. Instead of focusing on increasing the capital, it should be first to learn about trading and gain more experience. In fact, we can find a way to increase our funds and it will grow once we are in profit but that seems impossible if we are lack of knowledge. And these people must have to change their mindset otherwise, there will find it hard to succeed.

Well that is not a bad idea, --but how much time mostly they do invest before joining in trading?
In my part, it was almost a year before I joined in trading and gaining some profit, there is a point that I made losses but I quickly recover and learn from it. Perhaps because I was aware that trading needs more references like technical and fundamental analysis, most especially right now mostly the market price depended on the news around and it depends on those influencers if they will take action.

[Lordhermes]

Every new trader should be focused on learning how to invest without loosing your money.As a person that is new in trading,you must learn to study the chart,have the ability to exercise patience,because it has been discovered that the most reason why people loose is because they lack patience,they invest now,and would still want to take their money now,it doesn't simply work that way all the time,exercise patience for some months and see how the market is going,look at the perfect time to withdraw and sell your coin and your chances of loosing will be very slim.

[ipanks]

Many members said that a new trader does not have to use too big money to start trading because they do not have much experience analyzing, determining when the time to trade, and what they should do if the market is moving differently. If they can constantly practice with little money and know the pattern of the market or know how to do it if the market goes a different way, they can increase their funds but still do not add too big. New traders need to have more experience and practice what they got from their lessons to analyze the market and improve their skills.

[Strongkored]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

I understand why many newbie traders more focus on capital, because without capital they can't start trading or there are also those who think the bigger the capital used the bigger the profit they gain and can do alot than small capital, but unfortunately they also forget that without trading skills, the risk of loss is even greater, trading skills and capital should be equally important to be successful in the world of trading.

[rahmatullah9305]

That's right, trading skills are the most important. Beginners complain about lack of capital, actually if the capital is small and able to double it with the trading skills that beginners already have, I think big capital is not the main factor to start trading. It all starts with a small number, it's impossible for us to immediately sacrifice everything if we don't have a good technique.

[arbifahrozy]

I think at some points your talking are best but i can say that  both of the things for trading are very important, whether it is a capital or even it is the trading skills which is quite important I can say, but capital also matters, the more capital you are investing the more you will earn but in turn that there will be more risks of getting into loss.

[Alisha FR]

Not everyone will focus on trading as a real job so if you have to decide that crypto trading is for you then be equipped but also be ready for lots of loss while learning.
Watch a lot of youtube tutorials, I really think it helped me a lot and at the same time not going into risky futures or margin trading.  If you have a Plan B when you are not going to be a successful trader, work on it too as a fallback.

Agree, trading is not the main job. Trading is only a side job if have completed the main job. If beginners often go bankrupt while trading, it means they have to go back to real work while learning trading education. What beginners should know is that trading risks are very vulnerable if don't have trading skills. Apart from trading there is a real job and Invest a small part of the monthly salary to trade, so lack of capital is not an excuse because trading is a side job.

[sarmrakib]

Not everyone will focus on trading as a real job so if you have to decide that crypto trading is for you then be equipped but also be ready for lots of loss while learning.
Watch a lot of youtube tutorials, I really think it helped me a lot and at the same time not going into risky futures or margin trading.  If you have a Plan B when you are not going to be a successful trader, work on it too as a fallback.

Agree, trading is not the main job. Trading is only a side job if have completed the main job. If beginners often go bankrupt while trading, it means they have to go back to real work while learning trading education. What beginners should know is that trading risks are very vulnerable if don't have trading skills. Apart from trading there is a real job and Invest a small part of the monthly salary to trade, so lack of capital is not an excuse because trading is a side job.

What you are just wanna mean that trading is a passive income but its not .There are lots of trader are in the world who are doing it as a profession .I know a lots of professional trader who are living with it .So that how could you say that it could be a site job only .However you need to be more skilled on and know each and everything what market are saying about next .You need to research and analyse the technical things and need to have the fundamental knowledge as well .That's how you can increase your profit ratio and take it as profession .Once again i wanna remind you all that trading is high risk you of earning DYOR enter on the market its not an investment advise what i did mention to the above .

[Kittygalore]

They should focus on studying and learning more about the market and slowly gain experience to start trading for real, money is an important aspect in this world so you better make the right decisions when it comes to trading and learning a lot and gaining experience in the least risky way should be your goal to make sure that you're not going to lose money.

[Zanab247]

They should focus on facilitators to enable them to remain longer in profit earning. Through the mentors they can achieve more from their trade, if only  they can keep to the rules and regulations that govern traders in the market. The mentors will tell you when to buy coins and when to sell your coins not to experience failure in your trade.
Every new trader should buy when the price of the coin keep decreasing in the market and  sell when the price of a particular coin keep increasing in the market to make a good profit. Don't buy when the price is still increasing which it will not help you to achieve something suitable from your investment.

[RokokGudangGaram]

It's not only about the skills, it should be a combination or a set, what would be your skills if you don't have good capital? but actually, if you are already really good at trading then for sure you already have huge capital, as skills cannot gain for only researching, it would be gained from experience and knowledge. Small capital is also good if that is only what you have, at least you gain experience and that is really what you need in trading because, with that small capital, it will be more once you become good at it.

That is quite true that it is good and smart move to start mall, and take all the time to gain experience before diving into the big things. But first, skills must be sharpened in order to be fully equipped to trade. I would really suggest trading demo, you could experience the actual thing with the actual situation but with a trial money, where no one loses money and will just gain knowledge.

[Hobo66]

New users of crypto may face lots of hazards in the trading. Traders must have enough experience and knowledge for the initiation of trading. Lack of expertise may lead to the loss of large money in trading. If the trader does not know about trading, then they should not participate. First, they should know about trading.

[olib123]

New trader should be focused on knowledge about Bitcoin, learn new thing and karo updated. If any doubt arise ask experienced people. Focused on learning it helps you more in earning, trading and investing. Know about the market before investing or buying.

[Rehan Zakir]

Brother you are saying right. Newbies only focus on the profit. And how they get rich within few days. They did not focus on the trading skills. And it end their greediness fell into huge loss. So, don't be greedy in trading, just focus on skills. If you have good trading skills then you can earn money with small investment. But if you did not have skills then you cannot earn money. So, first focus on technical analysis and fundamental analysis that how they help a trader in trading.

[Luke Briggs]

Take a look at some well-known people on Twitter, they will give some direction, every day to learn the knowledge of cryptocurrency, every investment before thinking, do not fear failure, find experience in failure.

[michellee]

Take a look at some well-known people on Twitter, they will give some direction, every day to learn the knowledge of cryptocurrency, every investment before thinking, do not fear failure, find experience in failure.

If you want to learn from them, that will be okay but if you want to just follow what they said, for example, they told you to buy A coin, then you will need to think twice. We can learn from many sources, which is unlimited, as long as we want to learn and have an effort to learn. I am sure we will have our time to make a profit from trading and once we can do that, we still need to learn more to have more chances to make a bigger profit.

[john_nautica]

Take a look at some well-known people on Twitter, they will give some direction, every day to learn the knowledge of cryptocurrency, every investment before thinking, do not fear failure, find experience in failure.

If you want to learn from them, that will be okay but if you want to just follow what they said, for example, they told you to buy A coin, then you will need to think twice. We can learn from many sources, which is unlimited, as long as we want to learn and have an effort to learn. I am sure we will have our time to make a profit from trading and once we can do that, we still need to learn more to have more chances to make a bigger profit.

You are right. There is a thin line between simply following what has been said and evaluating the information acquired in order to come up with a decision. There indeed many sources to acquire knowledge beside following well-known people on Twitter, there are books, video tutorials and even demo trading. I think that traders should know that learning is a never ending process in this field, we learn new things every time.

[checkmatesir]

Trading skills are very important for every trader, If someone is trading in a way he has low capital then he didn't have to be worried because getting skills allow him to make more and more profit then he should invest a big capital. As you had said a very good point that capital is not matters that much as the trading skills matter.

[irsykes]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

Some people (but i'd say a lot), think if they use more capital they wiill gain more profit. Because they too confident about their trading strategy. Maybe capital for me is number 3 priority but i never think if more capital will be more profit. For me more capital means i have more chance and more possibility to minimize my losses because for me what is important thing is when i can get out from bad situation in market.

[Silberman]

You still need both though imo. Yes, skills are needed, but enough capital should also be a requirement if you want to go out there and actually profit off of it. Yes, you can profit off of small capital, but it needs to match the skill level you actually have so that it's actually worth it you know? Still, if we were to put a count into what priority it should go, then foundation, skills and understanding would definitely rank first, and your capital would rank below it. It's important to always have a balance in things, so that everything you do actually returns something of equal value, being limited by a certain factor in your tools isn't supposed to happen after all.

While this is not talked about much I think that people also need to do some soul searching, many of those that come to this market do so to obtain profits and that is fine, however it is well known that the best performers at any activity are those that actually like what they are doing and do not even consider what they are doing a job at all, if you do not like trading then it does not matter how good you are you will eventually get tired of it even if you make profits, and even more importantly it is going to be way more difficult to become a good trader as you do not like the activity at all.

[Woodie]

I think the most basic should be how to read charts and to prove that this newly learnt skill has being mastered, after this  they can practice on demo accounts . My next  most encouraging area of focus has to do with risk management,  no matter how good one is ,if they can't apply this technique to their trading skill then their is no use to trade. But risk management minimizes the exposure of your account to these these external factors .

[lalabotax]

Exactly right,'
As long as we have free money, how much it is will not be a matter.
The matter is when we put the money in the wrong place and use the wrong strategy. That is why I also agree that every newbie must learn at first about crypto trading, about trading skills, at least they know about the technique. Not only have big willing but lack of spirit to elarn.
In this case, trading is not something simple we can buy at a low price and sell at a higher price, not as simple as that.
Additionally, we also realize how newbies only follow other people and they face losing when trading, they blame the figure that they are following. So bad.
And many newbies say that: I only have small capital that is why my profits will not be big enough. always like that?

[qwertyup23]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

It is essential to point out that every trader should always expect that profit is not always something that comes along the way. It is relatively difficult to trade cryptocurrencies due to their extreme volatility that could either make or break your trading profit within hours or days. Before trading, lower your expectation about profit and avoid being too ambitious.

Another thing, in trading, experience is what separates a trader from an expert trader. That is why, gain as much experience as you need by starting low. Lastly, once you see a profit, avoid being too greedy and cash them out as soon as you see a profit.

[Viscore]

Exactly right,'
As long as we have free money, how much it is will not be a matter.
The matter is when we put the money in the wrong place and use the wrong strategy. That is why I also agree that every newbie must learn at first about crypto trading, about trading skills, at least they know about the technique. Not only have big willing but lack of spirit to elarn.
In this case, trading is not something simple we can buy at a low price and sell at a higher price, not as simple as that.
Additionally, we also realize how newbies only follow other people and they face losing when trading, they blame the figure that they are following. So bad.
And many newbies say that: I only have small capital that is why my profits will not be big enough. always like that?

The outcome of your trading will only reflect on how you manage your trading skills, strategies, as well as the capital you put into it. So its a complete package, that if you lack even one of them, your trading won't come out successful the way you plan about it. A new trader should be eager to learn all the basics in trading, gaining insights on the crypto coins and how they move in the market, learning when the best time to buy and sell, and definitely applying the skills and strategies which will make your trade more profitable. And when you start trading, at least you have a minimum amount of capital to make it work.

[Oceat]

I think the most basic should be how to read charts and to prove that this newly learnt skill has being mastered, after this  they can practice on demo accounts . My next  most encouraging area of focus has to do with risk management,  no matter how good one is ,if they can't apply this technique to their trading skill then their is no use to trade. But risk management minimizes the exposure of your account to these these external factors .

Exactly! Newbies should more a lot from the people who have experience about the market and how they managed to get back in track. They shouldn't expect that there are no losses once they entered the market since everyone will have to experience that too.

No one is perfect when it comes to trading but they could manage to do so then they must be lucky. Trading is different from gambling so people should not gamble their money if they don't know what's going on in the market.

There are tons of information in the internet that you can easily access to practice your strategy in trading. And never ever join any paid group/signal if you just want to have an easy money, there's no such thing as easy these days.

[michellee]

Take a look at some well-known people on Twitter, they will give some direction, every day to learn the knowledge of cryptocurrency, every investment before thinking, do not fear failure, find experience in failure.

If you want to learn from them, that will be okay but if you want to just follow what they said, for example, they told you to buy A coin, then you will need to think twice. We can learn from many sources, which is unlimited, as long as we want to learn and have an effort to learn. I am sure we will have our time to make a profit from trading and once we can do that, we still need to learn more to have more chances to make a bigger profit.

You are right. There is a thin line between simply following what has been said and evaluating the information acquired in order to come up with a decision. There indeed many sources to acquire knowledge beside following well-known people on Twitter, there are books, video tutorials and even demo trading. I think that traders should know that learning is a never ending process in this field, we learn new things every time.

In this way, evaluating the information will be necessary, especially we can collect much info from them so we can analyze it one by one using our analysis. Hopefully, that can bring us new info that they do not know or not share with the public to use for our benefit. Sometimes, it needs us to dig deeper from that information so we know the other clue that can be useful for us. I agree that learning is a never-ending process we should face every day, even if we can become pro traders someday.

[Ryder Kudrow]

New traders should focus more on learning encryption knowledge and skills, and learn to use indicators to analyze market trends. Start trading with a small amount of money first, don't worry about losing money, the most important thing is to gain experience in practice. Finding a trading strategy that suits you based on experience will increase your chances of making profits in subsequent transactions.

[kramchers]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

Skills in trading is referring to knowledge about it, just like a gun where it will be useless if you don't have a bullet in it, same goes
here in crypto trading, you need to have a knowledge and idea will follow for sure. Aside from this matter, you need to study little by little
here in this field of business industry. Besides, here in crypto even you don't have capital you can still able to earn here via this bitcointalk
forum and capital is the second options for trading.

[MiF]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

I agree on that we need to be ready in terms of skills and learning before we start trading, because if we don't have any learnings or skills on trading our capital will surely vanish,we need to study or train our self on how to survive in every situation that we may face on our trading journey to avoid loss.

[The Cryptovator]

Capital is one of the most important elements of trading. But this isn't the only. For a newbie crypto traders should invest time rather than investing a big amount of capital. Because there are a lot of things that should acquire before investing a big capital. Due to lack of experience newbies are worried about capital, and due to lack of skill, they lose in trading. To improve skill should learn many things. So during that time, I don't think capital should be an issue. Once traders become skilled,  then they could convert a small capital to big capital and that's now become a successful trader.

[otundebis]

Trading without capital is impossible, even in defi,  you've got to have a collateral to be able to borrow.  Having said this,  obtaining trading skills and abilities is not a end in it's self,  it actually a beginning of understanding the market structure and one self!  I ability to repeatedly turn a profit require different type of mindset we are use to, Trading profitably is about think and believe in oneself!

[tygeade]

Most of the new traders wants to start booking profits immediately, they don't understand how the market works and yet they want to be making money from it when they lack the skills that are required. So this is right, they should first of all go for sharpening their skills in trading, and when they are good enough in doing that they can start thinking about how they can make capital.

Skill enhancement in trading is not something that is being done just in few days, it is with consistent studying for at least a month or even more than that to get better. Then another thing is having enough capital, that also matters a lot since you shouldn't be trading when you don’t have enough, you might be forced to invest more than you can afford to lose just because you're trying to have more investment to be able to reach more profit.

[pelumi20]

I see a lot of newbie traders complain about lack of trading capital. And I want you to know that you are focused on the wrong thing. Your attention should be on focused on the trading skills first before worrying about the capital. Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account. On the other hand, if you have the skill set, you will be able to handle and grow any trading capital into something substantial.

Contrarily you can't become a trading master with $100 as capital because it will restrict our decision making ability and also we should pay more to the transaction fee since we can't hold a pair when we see another pair is doing good.

Yes you are right. Trading with a small account size would limit your decision making. But you should also know that, trading with a huge account size without the right knowledge is like walking in a mine field, it's only a matter of time before you lose it all.

[CryptopreneurBrainboss]

Trading capital is not the most important thing in trading. The most important thing is mastering the skills. No matter how big your trading capital is, if you lack the trading skill you won't book any profit and will most likely blow your account

Exactly, when the skills is been neglected, it comes back to hurt. If you start trading without any prior knowledge and been successful as it, it's known as beginner luck and not you been a trader. Trading is a skill and just like other skills, it has to be learnt. The good news is that the learning process can be carried out anywhere in your apartment (and not must been a lecture hall) with the helps of media platforms like YouTube etc.

While actually knowing how to trade is very important also the capital used is very key as well. You can't expect to be very profitable when smaller capital are been used as it'll reduced your chances of getting the best out of your market but do also know you'll be exposing your capital to the market volatility which is were the stop loss function comes into effect.

[crzy]

Trading without capital is impossible, even in defi,  you've got to have a collateral to be able to borrow.  Having said this,  obtaining trading skills and abilities is not a end in it's self,  it actually a beginning of understanding the market structure and one self!  I ability to repeatedly turn a profit require different type of mindset we are use to, Trading profitably is about think and believe in oneself!

If there’s no capital yet, find another way to earn free money which is really possible to achieve in cryptomarket. Start learning, don’t push yourself to trade even without any knowledge about it because trading is very risky. Having a positive mindset is always be an ideal thinking when it comes to trading, you must be more responsible trader. You can succeed in trading if you spend much time learning it, there’s no easy process for this one.