What every new trader should be focused on

[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.

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[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.