Can you help out a newbie trader please?

[evilgreed]

               As the title says, will any be so kind as to help an aspiring trader like me? I have read and watched dozens of articles and videos online as long they are free but I still suck at trading and the patterns along with the ways never seem to work. I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed. I try my best but all the information available online are soo intimidating and are bombarding me. I do not know where to focus and I am at the verge of giving up. Making this post is my last push to learn trading. Some may suggest paid knowledge or getting myself a mentor but too bad it's pretty expensive for me right now. I just hope someone here can suggest what I should focus on learning about first or what strategies to focus on first as a beginner. Thank you so much for anyone who would help.

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[hyudien]

Give up on trading? Come on buddy, you don't have to go this far in crypto trading. If you feel that what you have been through in trading has turned everything into a loss, it means that there are several influencing factors. First, Greed (like your name). Second, impatient and always want to make a profit in a short time. Third, the lack of self-control over fluctuating market changes. The volatility of the crypto market is very fast and you should be aware of it from the start.

All of that would surely easily affect the psychology of someone who was too hasty. Trading requires persistence, patience, discipline and my advice is to take a break from trading for a while. Don't play on the green and try to avoid spot trading for a while. Always take the CL method if you feel you are not a true holder.

What I'm saying is based on experience that ultimately made me more of a holder than a spot trader. Because I admit my quality in futures trading cannot be controlled easily.

[tvplus006]

...I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed...

I can point out exactly your main mistake, which is typical for most beginners, is trading with leverage. You need to focus on spot trading, otherwise you will lose your deposit. Only when you trade without loss, you can proceed to the study of margin trading.

[ryzaadit]

Agree.

You are learning why you are trading with "Leverage Trading", try to Spot Trading first with a small money. Especially for the money can afford to lose, practice with real money but only small money.

I know some people say, there has some platform who offers you a demo balance. But to be honest, the psychologybetween real & demo balance is different. Leverage Trading is like gamble for a new trader.

[passwordnow]

I'm not an expert nor a great trader. They're right just as I guess, the problem is that you've started directly with leverage being a newbie. Start with spot and enjoy your stay there.
You don't have to rush it, I've been seeing traders that are enjoying their trades through spot and that's where they test strategies. Practice there with the minimum amount that you can and include reading of charts and candles and for sure that you're going to improve.

[Hypnosis00]

Changing your attitude and strategies may help you to solve the problem.
 
 * Don't go for leverage trading, instead start with the spot trading (less risk and ideal for newbies)
 * Don't get easy with the market volatility - it pump and dump, just stay calm
 * Focus on learning first rather than focusing on how to make a profit.
 * Don't be too emotional - this will thought you nothing but it drives you to lose

Never think there will be an easy trade, never expect you will be in profit once you will get started. There are a lot of things you need to learn, yet it needs experience and time to find those things.

[ethereumhunter]

If you are not familiar with trading, you do not have to do leverage trading because that is different than spot trading. You should understand how to spot trading work and learn it until you can make a profit many times. Then you can try leverage trading. Maybe you join in the leverage trading because you see the profit will be bigger than the spot trading but trust me, that will be too difficult if you can not understand how to trade better. Moreover, that will not work if you do not know how to analyze the movements.

[joeperry]

I am not an expert but one tip I can give to you is not to use leverage if you are not yet confident with your trading strategies or knowledge. Another thing is don't look for an actual pattern since they are rare and usually don't happen exactly like on the books, those things are just theories and maybe different in actual trades and you should take advantage on the indicators since they are really useful in trading.

If you are getting ridiculed in a trading group then leave on it, it is not a healthy group. Join on a trading group where you can learn and will help you to improve your trades.

[crwth]

There are ways you could approach trading, but the best thing you can do is know why you are doing it in the first place. Once you have settled that and put it on your mind, you could assess how much You would use in trading—the amount of money to learn. You could quickly get the best education out there if you are willing to check it out.

• You could enroll with trader communities
• Buy Software for trading

This might sound like sales type thing, but this is how I became successful in trading. I bought Gunbot and then learn the strategies built-in already in there and then see if it is a viable trading strategy and then once I realized that it is then I would automate how I would use it.

[Eternad]

I'm not an expert nor a great trader. They're right just as I guess, the problem is that you've started directly with leverage being a newbie. Start with spot and enjoy your stay there.
You don't have to rush it, I've been seeing traders that are enjoying their trades through spot and that's where they test strategies. Practice there with the minimum amount that you can and include reading of charts and candles and for sure that you're going to improve.

Studying the chart and candles will help a lot in understanding how trading works. Better take time to study it while practicing actual trading with minimal amounts to feel the excitement or pressure in it. hough playing with trading simulators can be a opportunity to learn without risk but if you have a bit pf idea in how to trade them trying with minimal amount and knowing the basica atleast of how the chart works and mean then it can be agood start. Just don’t put goo much pressure.

[endut15]

For beginners who are not familiar with the market, it is generally very difficult to decide on the right strategy. as a trader i also experienced something like that when i started. you don't worry, the only way you can do when a loss occurs is to hold it. the key is you have to be patient, so before trading, don't use money that you really need in the near future, let alone borrow it. You have to use your saved money to trade, so you don't worry when the market goes down.

[Coin BTC]

here I am also a beginner in terms of playing cryptocurrencies, and also including a beginner in this kind of trading, maybe right now what I see from you, you are learning about what is called "Leveragi Trading", and I think this might be your initial mistake, and a little advice from me, try to understand and learn what is called spot trading and you also try it with a minimal deposit of money first, and you have to focus on spot trading first so you don't lose the money you deposited.

[evilgreed]

               I have read the responses and am very thankful for the great advice people have been sharing. Yes, leverage is a no no for beginners but it gives much better experience on trading. I do spot trading of course and I do win a lot at spot. The thing is, spot only is favourable for bigger capital. Which is why, I am trying my best to learn leverage trading and nope, I am not greedy since I never go beyond 10x leverage in fact most of my trades are 5x. And nope, I don't chase pumps.

               What I really want is to understand what I should befocusing on first as a trader or which skill should I strive for first. I am bormbarded by the knowledge that are out in the open I am confused what I must prioritize. Is it Fibonacci, price action, orderblocks, amd so on the list just jever ends. I would really appreciate if someone can point me towards the right knowledge I should strive to acquire first.

[nur rochid]

I think still learning self-taught is not a problem. keep using a real account with the remaining capital you have. for now of course improving psychology will be better, because you seem to lose confidence. after that, don't be oriented to immediately recover your losses, because learning to trade in my opinion is a long-term project, so we have to keep correcting every transaction, that way we will know the strengths and weaknesses of the strategy we use, because actually there is no perfect strategy

[Marvelman]

In the early stages of learning, It is almost inevitable for you to be emotional during trading which leads to wrong decisions being made. Optimism, euphoria, panic, or anger are all important emotions we should be aware of and understand them and in doing so learn how to manage them. As we progress, we are constantly learning as we go through different trading experiences. When we see something that doesn't work, we try to analyze and see if we can avoid these kinds of situations in the future. The only way to do this is to continually learn and practice.

After you start trading, there are a number of tutorials and books that are highly effective for helping you understand what you should and shouldn't do on your strategy. There are also many people that can be found online that can help you fine tune your strategy as well. I personally advise trying to do things on your own if possible. Try to focus on what works for you rather than someone else’s process.

[cryptoperkele]

Even the best traders are avoiding high leverage. They don't just like to talk about their losses. Real whales started with low caps and succesfull people swing trade them. If you don't believe me, you should take a look what marketcap mid o high cap coins were just couple years ago. Choose coins that have potential to rise 1000x, you can find them from low caps but it takes a lot of luck.

[wheelz1200]

               As the title says, will any be so kind as to help an aspiring trader like me? I have read and watched dozens of articles and videos online as long they are free but I still suck at trading and the patterns along with the ways never seem to work. I only do 5x-10x leverage which is why I still have a few left to trade but still, these losses are just so discouraging. I've been in groups about trading but instead of learning I get ridiculed. I try my best but all the information available online are soo intimidating and are bombarding me. I do not know where to focus and I am at the verge of giving up. Making this post is my last push to learn trading. Some may suggest paid knowledge or getting myself a mentor but too bad it's pretty expensive for me right now. I just hope someone here can suggest what I should focus on learning about first or what strategies to focus on first as a beginner. Thank you so much for anyone who would help.

Buying on 5x-10x leverage in crypto is crazy risky.  You can go to bed up and wake up getting margin called.  Too volatile unless it's a small portion of your portfolio and you just want to gamble some.  That's a ll that is though is gambling.

[BioFrog]

To master trading takes a long time maybe years it is better to start with spot trading and master scalping and arbitrage

[TheAltcoinOracle]

I would recommend using basic long-term indicators and avoid day trading.
There are reasons for this: the market is really not easy to predict on a very short term horizon.

Gathered some resources for you here:
https://altcoinoracle.com/10-tools-to-make-the-right-crypto-investments/

[passwordnow]

I'm not an expert nor a great trader. They're right just as I guess, the problem is that you've started directly with leverage being a newbie. Start with spot and enjoy your stay there.
You don't have to rush it, I've been seeing traders that are enjoying their trades through spot and that's where they test strategies. Practice there with the minimum amount that you can and include reading of charts and candles and for sure that you're going to improve.

Studying the chart and candles will help a lot in understanding how trading works. Better take time to study it while practicing actual trading with minimal amounts to feel the excitement or pressure in it. hough playing with trading simulators can be a opportunity to learn without risk but if you have a bit pf idea in how to trade them trying with minimal amount and knowing the basica atleast of how the chart works and mean then it can be agood start. Just don’t put goo much pressure.

I saw really great traders that have been enjoying and making such gains with that knowledge that they have. Even the market is unpredictable and surprising sometimes.
If you get to know those lines and have understood the patterns, you can hit them with some gains. Although they're not guaranteed but at least you get the upper hand and advantage by knowing so.