Trading as a newbie?

[Franctoshi]

Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

[1715197921]

1715197921

[1715197921]

1715197921

[1715197921]

1715197921

[Bushdark]

Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

We don't need to love what we are doing, it is only for those who are not making the kind of profits they desired that will complain that they don't like trading. Once we keep making profits from trading, it will get to a time where we shall be very excited to be a profitable trader because we are making profits from what we are doing. If we keep doing what we are doing and we are making profits from its, with time, it's going to become an addiction. This is one of the reasons why many gamblers are now a chronic addict because of the results they keep getting that is making the to keep doing what they are doing.

[rojan]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

[Patrol69]

People usually adopt different strategies to succeed in trading. In this case, the strategy you are trying to adopt may be the right strategy for you. But this strategy may not always work. Because sometimes it is seen that if the market increases by 15% but does not decrease by 10%, after the increase of 15%, it is seen that there is an increase of a few percent. That means the strategy you mentioned may not work all the time. In this case, if we can take trades by carefully observing the candles and the market chart, we may have more chances of success.

[ancafe]

You have given a very good suggestion that one should never join trading without experience and knowledge.Even if trading is started, first trade with small capital to minimize the risk of loss.Small amount trading will also gain experience and knowledge about trading.After gaining experience you can increase your trading amount but choosing the best coins for trading should always be the top priority.Always choose the coin that has the highest volatility in trading.Consistency is a very important component of trading.Therefore, emotions should never be used in trading.

We can only provide views according to what we experience, but all decisions depend on each individual who asks. Starting with a smaller capital to avoid losses during the introductory trading process that we are doing and I think following trading theory without doing direct practice will not provide insight. But we need to be involved in order to understand how and the provision of theory and advice from others can guide to reach maturity but do not come to a conclusion when not directly involved.

After everything we got from there, we will move slowly to increase the number of trades, so that consistency will work itself out because when trying to stay consistent, the way to go is to achieve profits according to the abilities and trading strategies we have. Because when all the processes have been carried out then we can achieve it even though on the trading journey we don't always get profits with the same strategy.

The most important thing is to start trading only after understanding and analyzing all the information related to the market.

That's the main thing that is most important and before being directly involved in trading, you should first study the things that are needed.

[Mahanton]

Looking at the comments down everyone seems to be saying the same thing, but we have to hit the point that trading is just like a game, and just as games have rules, it's the same as trading, and we should be playing by the rules that risk management is part of it.

Secondly, not everyone who is a trader loves trading, the majority are trading only because they think through trading you can cash out quickly and hence they risk more than they are supposed to without sticking to the rules of trading and discipline.
As a newbie becoming a successful trader you should love what you do, when you are not passionate about what you do, there is a tendency for you to break rules.

We don't need to love what we are doing, it is only for those who are not making the kind of profits they desired that will complain that they don't like trading. Once we keep making profits from trading, it will get to a time where we shall be very excited to be a profitable trader because we are making profits from what we are doing. If we keep doing what we are doing and we are making profits from its, with time, it's going to become an addiction. This is one of the reasons why many gamblers are now a chronic addict because of the results they keep getting that is making the to keep doing what they are doing.

I do somewhat disagree because putting up love or passion on what you are doing will really be eventually be putting up that kind of emotion or approach on which it might really be that helpful for you to sustain
on what you are currently dealing with. With having that kind of approach then you wouldnt really be finding things to be boring since you are really that eager on learning up something which it would really be just that a common approach. When things turns out to be sour or bitter then you would definitely be that able to adjust accordingly because you've been wary on what are those probabilities. Trading is never been simple nor
something that could be handled out easily because it would really be taking so much time and lots of efforts before you could really be able to find yourself sustaining and this is something that could really be
acquired so easily. Perseverance and good mind will is something that would really be needing when you do touch up this area.

[SaveOurSea]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

[uswa56]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

[hasitha lakshan]

If you are new to trading, if you don't have much knowledge about trading, don't go for future trading first. It's not enough that you have interest in emony, you also need good knowledge about it, anyway you First of all start doing spot trading and grow the fund and put 1% of that fund into one trade and start future trading. Or you can watch youtube videos and gather some knowledge trading is always risky!

[AnonBitCoiner]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move 

One or two losess can be ignored after getting profit but if someone regularly loses money then I leaving from trading until you learn will be better. without knowledge one can get benefit for at least two or three times but they will understand that it's not because of knowledge but it's because of market fluctuations. At start you will definitely face some issue but you will be successful if you learn well to manage the risk and to avoid your emotions.

For success in trading only money is not necessary but getting knowledge is also crucial. Those will always be profitable who know about the market situations, proper timing of taking decision, have control on their feelings and have ability to use strategies accurately.

[Kalam001]

Recently I have been trying to come up with ways of making some money on the side and thinking of giving trading a go.

I have zero experience and have just been looking on Coinbase at the best and worst performers of the day.

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.

Anyone done something similar or will it just lead me to losing my money?

You will lose your hard-earned money or possibly your trading capital if you are greedy, therefore you must be extremely cautious, educated, and wise. If you want to succeed in the trading market, a word of advice would be to be focused, on time, consistent, continually monitor your business, and most importantly, put greediness to one side.

[cute nmp]

It takes time for one to be a good trader .Trading is not as simple as many people think so it will be better for one to start with a little capital to avoid loosing much when  starting out.One also need to learn as much and choose the strategy that best suits his trading style.

[Pamadar]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

[Inwestour]

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

[Compromise me]

It is better to avoid trading instead of doing it with wrong way. With wrong way, you may benefited for temporary but sooner or later, your fund will be vanished. Trading means, you have to build strong relationship with market and hold yourself for long term with that environment. if you can learn how to exist, then you will make profit automatically. but for that you have to learn first lest or you should lost everything for one wrong move

For trading you have to adapt yourself to the crypto market all the time. If you are new then if you want to trade in new condition then you have to start trading with good understanding about trading. If you want to trade without knowing about trading then your money will be at risk.  .If you trade properly there is a lot of profit potential. There is a high chance of losing money due to a few mistakes. So I think we have to start trading after having a good idea about the trade otherwise we will face a lot of problems.

Correctly adjusting to the crypto market is so important and it must be done,
trading is basically full of risks so it needs a lot of preparation before starting to trade,
Besides knowledge, I think skills and risk management are also important.

All of that is combined in one, namely knowledge and in my opinion the most important thing is experience, as a beginner there are many trials that must be passed but if you continue to do it seriously and consistently then success is likely to accompany you.
All traders who have been successful at this time must have gone through a lot to get them to this point.

What must always be remembered is that trading Crypto has a very large risk, as well as the possibility of large profits as well so that it is possible for beginners to experience everything, that needs to be known and must be minimized.

There is no risk in trading, we risk it because we make our emotional levels too high, because of which we feel risks.. It's all about your mindset in gaming. Which is 80% psychology and 20% skill. These conditions of technical analysis are helping to control our emotions and Los risk.
So in my option technical analysis is very very important for trading.First of all you need to know the technical analysis.Then  you can  avoid risk.

[Pamadar]

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

Indeed, without any learning from past mistake will only repeat itself, that can harm your finances.

It's needed to make sure that you learn from each trades and even you just use a small amount of starting capital
the important thing is that you are learning from your every trade participation.

Nothing can be succeeded if you are unable to manifest good knowledge with the business that you are taking, it will
just empty your savings. Learning is very important.

[Desscount]

All those experienced that you will attain while you are doing your trades will equipt you along the way,

If you failed from your first few attempts, but you are keen in learning and you do all the best that you think that will
help you to achieve success, the fruit of your hard work will be harvested if the right sets of knowledge and skills will
be developed inside you, though we all know not everyone can achieve, but it's depend from how you will look at it
and how willing you are to find every possible resource to earn more knowledge of the business.

Everyone will make mistakes, but not everyone will be able to learn and gain experience from it. If we make the same mistake several times, then we have not learned this lesson and this mistake will be repeated in the future.

Therefore, when we start our journey as traders, we must first trade with insignificant funds, because we need to understand that while we are looking for our working strategy, we will lose money. If this moment is missed and the trader immediately tries to trade with big money, then the price of these mistakes will cost us much more.

Indeed, without any learning from past mistake will only repeat itself, that can harm your finances.

It's needed to make sure that you learn from each trades and even you just use a small amount of starting capital
the important thing is that you are learning from your every trade participation.

Nothing can be succeeded if you are unable to manifest good knowledge with the business that you are taking, it will
just empty your savings. Learning is very important.

It's a shame for sure when one doesn't learn from previous mistakes,
learning from mistakes for me is much more effective because we can know what to do not to repeat it,
focusing on learning is good for the long term.

[jossiel]

The main thing is not to make such mistakes as beginners.

Newbies are prone to mistakes and that's inevitable. Even if they don't want to make mistakes, they'll experience and learn from it. That's going to set them a foundation as they start.

This may not lead to the best results, so it is better to take this into account in advance. In addition, it is worth starting to work initially when you already have some experience.

It's expected that beginning won't give the best results, they take that and they learn from it. Because not everyone is good at the start, it takes time to be.

[usekevin]

Every exchange had their own advantages and disadvantages.Binance is one of the recommended exchanges by the most of the traders and experienced investors also use the Binance as compared to other exchanges.But binance also had the disadvantage of future trading part,if you use the future trading surely it will get all your invested money.Most the people who excited by the minor profit from future trading will get loss of huge money.Even many of my friends loss huge money from future trading.

[Ricardo11]

First, you need to gain knowledge about coins. Every coin you trade in should be researched and analyzed. No trading will guarantee you success. Never trade more money if you are not ready to lose your money. That is, invest as much money as you are prepared to lose. If you trade without skill, you will only lose your money. Before trading you must consult with an experienced trader. And when you trade you must do your trading market research.