Trading as a newbie?

[rozak]

Since you said you are brand new to trading then you should know trading well first.  First of all you will find a lot of related information on various social media where trading is discussed very nicely. If you don't have a complete understanding of trading then surely you can face losses while trading. Because there is a lot of risk in trading. You must decide on the matter after considering the overall situation.
But first of all you have to make an account with any exchange to trade. After opening the account, deposit the amount of money you can afford or the amount you want to trade with in that account. After making a deposit, you will buy some of the coins you like when the price drops significantly or when you feel that it is profitable to buy these coins now. After buying, when the market is positive, you can sell your coins for some profit if you want. That's how you can start trading.

buying and selling coins is something that can be easy for beginners to learn. but some things are more difficult for novice traders to learn, market analysis and analysis of choosing the right assets to trade. maybe beginners will do better with spot trading which has a long time plan. because day trading doesn't seem so good for beginners.
most importantly, do it with small money first to hone skills and gain experience in trading.

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[Inwestour]

buying and selling coins is something that can be easy for beginners to learn. but some things are more difficult for novice traders to learn, market analysis and analysis of choosing the right assets to trade. maybe beginners will do better with spot trading which has a long time plan. because day trading doesn't seem so good for beginners.
most importantly, do it with small money first to hone skills and gain experience in trading.

Day trading can also be done on the spot. Yes, spot trading is a significant reduction in risk, but still it is not a panacea that can solve all the problems of beginners. The biggest mistake is to start selling at a loss, afraid that the price will not fall further.

Market analysis is also very good, but it is not always possible to correctly interpret what we see, and besides, it almost always gives us two or more possible scenarios. Now, when the whole market is going up, it may seem to a beginner that he understood something in trading, but as soon as everything turns down to a correction, everything will change.

[LUCKMCFLY]

Trading as a novice is pretty much making moves by chance and because you think it's going to happen for no reason, or because you think the move will somehow just because you think the pattern has to look like something, I think novice traders also believe In these things they can fall that only handling some things such as technical analysis with some tools can solve everything and it is not like that, coercing as a novice is like entering a casino to do gambling, because everything is left to chance and that means that you cannot even read the volume when it is so important in trading.

[$crypto$]

buying and selling coins is something that can be easy for beginners to learn. but some things are more difficult for novice traders to learn, market analysis and analysis of choosing the right assets to trade. maybe beginners will do better with spot trading which has a long time plan. because day trading doesn't seem so good for beginners.
most importantly, do it with small money first to hone skills and gain experience in trading.

Day trading can also be done on the spot. Yes, spot trading is a significant reduction in risk, but still it is not a panacea that can solve all the problems of beginners. The biggest mistake is to start selling at a loss, afraid that the price will not fall further.

Market analysis is also very good, but it is not always possible to correctly interpret what we see, and besides, it almost always gives us two or more possible scenarios. Now, when the whole market is going up, it may seem to a beginner that he understood something in trading, but as soon as everything turns down to a correction, everything will change.

But beginners can understand from spot trading rather than futures it would be better to start from the spot. We look at doing analysis openly and slowly, because of course beginners need a lot of time to do that, from all that he has experienced, for example, with losses, it's only natural mentally prepared he should be able to do that better than his previous mistakes.

The simplest thing is to target profits and don't become day trading for profit, just buy a better coin, wait a few days for this coin to go up, if it is possible to change to an increase then you can sell it, I think beginners should try with a pattern that he understands.

[cozytrade]

I believe that one of the most important stages for a beginner is training. This is something that is really worth paying enough attention to. Without this, the result can be somewhat frustrating.

Yes I think so. If you are trying to learn something new then you need to focus well first. And if you can't focus well then it will take you a long time to learn that task and what you are not good at.  Can't gain experience. So I think we should always think carefully and then start any work with a decision.

[autumnleaf]

Do your own extensive research first, master the fundamentals, and start with a little amount to test your methods. Avoid mindlessly following others, and always trade only with money you can afford to lose because trading is a very dangerous gamble.

[monineklutak]

I believe that one of the most important stages for a beginner is training. This is something that is really worth paying enough attention to. Without this, the result can be somewhat frustrating.

Yes I think so. If you are trying to learn something new then you need to focus well first. And if you can't focus well then it will take you a long time to learn that task and what you are not good at.  Can't gain experience. So I think we should always think carefully and then start any work with a decision.

Right and I think in any case the focus is always an important thing to pay attention to,
sometimes people forget that and when we focus on learning something new it will at least make it easy for us to learn it,
Before making a decision, it is very important to consider it first.

[Popkon6]

You apply your basic ideas.  And master your assets and trade small amounts to trade them.  This will increase your experience and is a huge gamble with a high probability of loss.  You can survive by watching others make big trades and avoid them.  Whenever you go too greedy you will face danger in trading.
Must have an understanding of the advisory coin market.  The market always fluctuates.  Starting with small resources will definitely make you successful.  Taking a new trader to a gambling casino and starting trading as a newbie is the same.  Use your experience to be successful.

[xSkylarx]

I believe that one of the most important stages for a beginner is training. This is something that is really worth paying enough attention to. Without this, the result can be somewhat frustrating.

Yes I think so. If you are trying to learn something new then you need to focus well first. And if you can't focus well then it will take you a long time to learn that task and what you are not good at.  Can't gain experience. So I think we should always think carefully and then start any work with a decision.

That is why you need to settle your mind first and make your decision that you want to learn this so that while you are learning, reading, and watching tutorials, you can understand it easily. It is like reading a book that you don't want to read, so you can't understand what the story is. Training or practicing on a demo account is really essential in trading because it can help you tweak your strategy and determine if it is not working before losing money from your trades.

[RealMalatesta]

You apply your basic ideas.  And master your assets and trade small amounts to trade them.  This will increase your experience and is a huge gamble with a high probability of loss.  You can survive by watching others make big trades and avoid them.  Whenever you go too greedy you will face danger in trading.
Must have an understanding of the advisory coin market.  The market always fluctuates.  Starting with small resources will definitely make you successful.  Taking a new trader to a gambling casino and starting trading as a newbie is the same.  Use your experience to be successful.

Yeah, I just remembered one more thing to advice to newbies. Aside from all those "do not listen to influencers" basic stuff, do not try to do copy trading right away neither. I know that doing the exact trades of someone who has been making a profit in the crypto world for 10 years could sound like a good idea, but since you do not know what is good and what is not, I would highly suggest you to not do anything like that just yet, it should take a while before you could separate who is a good trade and who is not.

This is why it's a difficult way to make money, you would end up following someone who will make a lot of loss and it would not be a good idea at all.

[SOKO-DEKE]

Trading is always challenging, especially if you are just starting out. Due to a lack of trading understanding, over 70% of traders have been losing money. Therefore, before you even consider trading, I would advise you to gain more trading knowledge. If you don't, you risk losing everything.

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

Buying at low and selling at higher is what everyone is after in trading. But what will be your assurance that the coins you buy at low will pump later? And you want to be keeping repeating by taking your 10% profit.If trading is that easy most traders would be multimillions by now since when they have start their trading career. 

[LUCKMCFLY]

I'm sure the most important aspect for a beginner is learning. At the very least, I would advise you to pay maximum attention to this. When I started working with a broker from Amarkets, I worked on a demo account in order to have enough experience.

You already said it all,that learning is the first thing to do as a beginner,Reading,research,having a mentor is all that are needed before indulging in the trading activity.You must be able to learn how the market system operates,and how to deal with loses if it comes,because in trading,you cannot really be guaranteed that Everytime you go into trading, you will always win,you should know that there are risks involved in trading,so being able to deal with it is also important as a newbie going into trading.You should also be able to do some research before going into trading.Try to know the kind of trading that will favour you at that particular point in time.

What I think is that if you can do things like study, like reading books before operating, it is ideal, a very common mistake and that we all fall, I say it because and I also fell, it is that when you need to trade, you still go exchangey is not practiced with a fictitious account with fictitious money, generally one as a novice begins to trade with real money and one feels the emotion and the adrenaline, the bad thing is when you start to lose and see that the balance goes down and what is obtained are pure losses, worse still, that they do not know how to handle the tools that are available in the exchange, such as stop loss, take profit, if they have both functions, the margin trade, leverage us.

[zaki12]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

It's lucky that you trade like that, you always get profits under %15. But you need an edge to overcome the laws of probability and market uncertainty. That advantage comes from the flow of information, the ability to refine your habits in light of market characteristics, and being able to learn from people who know more than you, cut losses, expand your information network, seek ideas, and take recommendations. You can search for more

[martyns]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

It's lucky that you trade like that, you always get profits under %15. But you need an edge to overcome the laws of probability and market uncertainty. That advantage comes from the flow of information, the ability to refine your habits in light of market characteristics, and being able to learn from people who know more than you, cut losses, expand your information network, seek ideas, and take recommendations. You can search for more

Newbies are mostly victims to scams and desperate to know more, in the quest to get educated properly, they need guide in the market and following top influencers in the market that will be dropping crypto updates and letting them know when it's the right time to trade. Trading as a newbies required so many key steps before succeeding in the market. There are many ways to gain profits in the market, with the right trading tools, PDFs that explained entirely TA and FA, how to coach one to using them to analyze charts.

[WatChe]

Trading as a novice is pretty much making moves by chance and because you think it's going to happen for no reason, or because you think the move will somehow just because you think the pattern has to look like something, I think novice traders also believe In these things they can fall that only handling some things such as technical analysis with some tools can solve everything and it is not like that, coercing as a novice is like entering a casino to do gambling, because everything is left to chance and that means that you cannot even read the volume when it is so important in trading.

Every experienced trader was once a novice and you cant master this art of trading without making mistakes. To be a successful trader it mostly depends on how much you are determined in trading even after losing money (or making mistakes). So learn quickly with there mistakes while other took some time.
If you are new to trading then two things I suggest is that never jump with huge capital (invest as much as you can afford to lose) and secondly always think and make decisions on your own (not rely on others like Signalling group) in this way even if you make mistake you will learn something.

[xSkylarx]

I am thinking of buying coins that are 15% or more down and then selling once they pump 10% and move onto the next one that is 15% down and then again sell at 10% profit and just keep repeating.

It's lucky that you trade like that, you always get profits under %15. But you need an edge to overcome the laws of probability and market uncertainty. That advantage comes from the flow of information, the ability to refine your habits in light of market characteristics, and being able to learn from people who know more than you, cut losses, expand your information network, seek ideas, and take recommendations. You can search for more

Newbies are mostly victims to scams and desperate to know more, in the quest to get educated properly, they need guide in the market and following top influencers in the market that will be dropping crypto updates and letting them know when it's the right time to trade. Trading as a newbies required so many key steps before succeeding in the market. There are many ways to gain profits in the market, with the right trading tools, PDFs that explained entirely TA and FA, how to coach one to using them to analyze charts.

Those newbies who got scammed are those newbies who want to earn profit easily and fast, not thinking that this could be the wrong move. There is nothing wrong with getting scammed; for sure, we will learn from our mistakes and avoid them next time, but our mindset is that we could get easy profit from it with no effort at all, which means that we settle on this and find it rewarding. Also, newbies right now tend to follow those influencers to buy the coin as they said, and it's because they are famous so we follow them and we end up losing.

[lixer]

Those newbies who got scammed are those newbies who want to earn profit easily and fast, not thinking that this could be the wrong move. There is nothing wrong with getting scammed; for sure, we will learn from our mistakes and avoid them next time, but our mindset is that we could get easy profit from it with no effort at all, which means that we settle on this and find it rewarding. Also, newbies right now tend to follow those influencers to buy the coin as they said, and it's because they are famous so we follow them and we end up losing.

It's impossible if they won't have a second thought whether the thing that they will venture is safe or not especially if someone promise them a crazy high return at a short period of time in exchange of a little money but it's also written on their rule that the more money you will put the more return you will get so those newbies will usually opt for this plan. There is wrong with getting scammed and that is someone might be greedy and has a lack of knowledge.

Don't say it's fine because they will just do it again and again. Following the influencers just because they are famous is a lame excuse. We should be aware that influencers are only like an endorser. They don't know what they are endorsing but they might lie and say that they are benefiting from it.

[xSkylarx]

It's impossible if they won't have a second thought whether the thing that they will venture is safe or not especially if someone promise them a crazy high return at a short period of time in exchange of a little money but it's also written on their rule that the more money you will put the more return you will get so those newbies will usually opt for this plan. There is wrong with getting scammed and that is someone might be greedy and has a lack of knowledge.

I am not sure if you got experienced this before but way back in 2016 when Ponzi schemes are all over the internet and as a newbie on bitcoin, the tutorials or guides are not that rampant so others get really baited to it and want to sort of test the waters of Ponzi scheme but turns out gets scammed. What I meant is that it is not the same right now that you will laugh at those people who still get into HYIP even though all over the internet is saying that it is a scam.

Don't say it's fine because they will just do it again and again. Following the influencers just because they are famous is a lame excuse. We should be aware that influencers are only like an endorser. They don't know what they are endorsing but they might lie and say that they are benefiting from it.

I haven't meant that it is fine to get scammed what I meant is this

There is nothing wrong with getting scammed; for sure, we will learn from our mistakes and avoid them next time.

meaning there are really times that we got scammed but we should be sure next time that we dont get into it again in the future as it is now our fault for playing dumb and again wants to invest in those high return scams

[Gladitorcomeback]

Individuals can make money though cryptocurrency trading if his thinking abilities are higher and also his learning abilities is elevated. I will suggest you that select that coin which is successful and has given profitable results to the holders.

The mechanism of earning money which you have described is good but remember that if the price goes slightly up then sell your holding coin because the market has no guarantee that when it becomes lower and when it will go up.

You can also diversify like through the selection of two or more coins and then wait for the price to go up now the market is slightly up so if you have hold any coin and think that you have some profit then just sell it out and buy another coin which is more likely to give you more revenue.

[Fondarchand]

Yes exactly at first the the trader are not comfortable because he does not have any experience and have little information about the coins, market condition, and many other things related to the trading and investment.
It's obvious that when a person does not know about anything then it is something hard to achieve the specific desired objective.
Also keep in mind that if you unfortunately loss your money then its not your failure but instead it will give you lesson and your experience will enhance. Little amount of cash should be used and and always keep your eyes on market price when it is reduce then put some little amount in some specific coin.