Trading as a newbie?

[Tahid12]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

[1715066515]

1715066515

[1715066515]

1715066515

[Bushdark]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
 Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

[lunnatic]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
 Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

This is a big challenge for newbie traders because basically trading is so complicated,
much to be learned besides basic knowledge and skills,
besides that experience is also important and we can get it by trying.

[Kimonoe]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

As a newbie trader, one need to be ready to learn always and make quick correction when things get out of hand. If we don't act fast as a trader, we might keep making the same mistake everytime we enter the market. Trading is very risky just like an investor is always advise to be very careful and measure there risk whenever they want to invest in cryptocurrency.
 Like we know that Bitcoin is very volatile, same weay is trading very tempting and misleading when we get lost or we don't know what we are doing. It is good for us to learn everything about trading so that we are not going to be ignorant as a cryptocurrency trader that want to make profits from the market.

This is a big challenge for newbie traders because basically trading is so complicated,
much to be learned besides basic knowledge and skills,
besides that experience is also important and we can get it by trying.

as a beginner, you must be thirsty to learn about trading, because there will be a lot of knowledge that can be absorbed from various sources. but basically will have the same core. including technical analysis, money management, and trading psychology. many are looking for the best technique for trading, but that is a wrong thought, instead psychology must be thickened to get consistent profits, but without leaving TA and money management

[irhact]

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.

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Future trading isn't a disadvantage on Binance exchange, future trading is an advance form of trading and only those that are experience in trading futures contracts should be trading them. If you're newbies and you decide to try it without any knowledge and lost, that doesn't make it a disadvantage instead that should be a wake-up call so you don't try things you don't understand. You can be trading with the spot market and still be making profits.

Newbies interested in trading can use Binance without any fear as they're one of the best exchanges in the market. One disadvantage they have is that they'll require you to undergo KYC before you can make use of their exchange but all centralized exchange do this.

[Huppercase]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

If you don't give it a try, you will never know what you don't know but first you must do it with proper management of funds, hence the reason why you always hear advance traders always advice the new traders to trade with risk management, they should not just jump and started trading by blindly following the trend. In addition to your claim, I don't think trading is a typical thing, if it is everyone will be doing it and there will be no one crying of loss and also telling newbie to stay away from it is very discouraging, its like telling them not to give it a try at all and if they don't they will never understand the market and how trading works.

[Pamadar]

stop those wrong steps of trading or will lost everything soon. Trading is so typical things in my opinion, better for Newbie to stay away from it. Trading needs concentration, focus, Complex calculation, patient as well as a lot of time for monitoring. you need to learn those before start up. I think trading is only suitable for them who are fully expert in this field. Less knowledge, incomplete ideas can destroy your whole career. until that you can invest some good altcoins for your profit

If you don't give it a try, you will never know what you don't know but first you must do it with proper management of funds, hence the reason why you always hear advance traders always advice the new traders to trade with risk management, they should not just jump and started trading by blindly following the trend. In addition to your claim, I don't think trading is a typical thing, if it is everyone will be doing it and there will be no one crying of loss and also telling newbie to stay away from it is very discouraging, its like telling them not to give it a try at all and if they don't they will never understand the market and how trading works.

Good point, you will never know until you try, but then again, you can use all advice as referrence.

Before stepping inside the market, make sure to have a basic understanding and knowledge in terms of money management,
it's your equipment while learning from the wild place of trading.

There is always a learning experienced and the fact that you need to know risk management is for you to handle all the pressure
and adjust when it's needed the most. Your money means your responsibility.

[ZAINmalik75]

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?

Yeh it's looking great strategy for recovery but thier is no surity
That repeating such strategy will always give some green decent results, as because there are tons of new altCoins in Market which hasn't hit his All Time High a long time ago, so some time when you invest in any price dumped coin blindly in order to get some profit will damage your portfolio
Because such coins has simple motive firstly to get people attention for investment and then sell most of supply to get profit and done scam.
So the point is not every time coins will pump after your investment during dump, so to avoid such loses you should choose Bitcoin where you will get profit by investing at any possible price.
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[RewFrew]

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?

As a newbie at first you need gather Knowledge about trading as a newbies. and you have to use a exchanger to trade smoothly. Coinbase is good but i think exchanger is best for newbies. And after that you need invest for trade. I think As a newbie you have to take small profits first like 5%-6%- 7% etc. After some days your Experience level will high and you will get more profit. So i want to tell all newbies please study more and more and gather knowledge about cryptocurrency market and trading you will be profited from this market today or tomorrow.

[Bitcoin_people]

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.

Of course first of all you need to know about trading before you know about coins you need to know about market first. When a trader goes to start a business for the first time, he must gain experience following various aspects of trading. In other words, a businessman should be highly skilled in all the things he should know in order to make a profit. If you know how to analyze the market, it is possible to be successful in trading, so it is very important to have knowledge about the market, otherwise you will never be able to move forward in business. Following the advice of an experienced and skilled investor or trader can lead to success in the future so it is important to fill these points before starting trading.

[shivansps]

As for me, for a start, it's not even bad. This is what trading is based on. Buy cheaper - sell more expensive - this is the base. But unfortunately not everything is so simple. It doesn't always work. Sometimes the coin falls and falls. Therefore, it is necessary to set a limit so as not to lose a lot of money. In other words, coins that lose value do not always return it later. There are many more things that you will have to deal with. To begin with, remember the most important thing - use only the money that you can afford to lose. Because without losses there is no profit.
And do not forget that most beginners who think that everything is actually easier than it seems - lose money. I wish you success

[Smartvirus]

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 way much of an ambitious plan for a beginner.
The good news is, you’ve got a plan and trading with a plan is always a good way for a start, since you’ve hit a defined point where you would be satisfied with the profits you’ve got and that would in turn put your greed in check.
One fault in your plans though, you didn’t consider the possibility of loosing, even as a beginner of which you’re bound to make a lot of mistakes with no experience to help. As a beginner, you’re most likely going to have more loses than profits. Your only asylum would be you, trying out your practice trading days on a demo app.
That way, you can build certain approaches towards trading the market and do your best to keep to it. It’s what would save you from loses.

[shivansps]

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.

Stay away from pump and dump games, you will regret it later.

I agree more if you start investing instead of taking advantage of the pump and dump situation on that altcoin. You should probably ignore it as much as possible because in most cases the trader will lose money because of it. But if you want to trade, then do your analysis on some good altcoin even if only for small profits.

I agree with you. This may work one or more times, but very soon you can lose money because of this strategy. You very correctly noted that you should first learn with small amounts of money, gain experience, knowledge, and then gradually increase the amount. What the author of the article writes about worries many beginners who think that everything is not so difficult) But this is a dangerous thought. Better not play the game pump and dump

[uswa56]

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.

Stay away from pump and dump games, you will regret it later.

I agree more if you start investing instead of taking advantage of the pump and dump situation on that altcoin. You should probably ignore it as much as possible because in most cases the trader will lose money because of it. But if you want to trade, then do your analysis on some good altcoin even if only for small profits.

I agree with you. This may work one or more times, but very soon you can lose money because of this strategy. You very correctly noted that you should first learn with small amounts of money, gain experience, knowledge, and then gradually increase the amount. What the author of the article writes about worries many beginners who think that everything is not so difficult) But this is a dangerous thought. Better not play the game pump and dump

Everything really won't go the way we think, that's very risky in my opinion because we can never know whether a coin will be able to rise or not, so the possibility of loss is very big in my opinion if we only focus on pump and dump situations on certain altcoins
Precisely I think for beginners it's better to focus on top Altcoin trading, I think it will reduce the risk a little even though the percentage of profits is also small, we will be able to learn many things and get a lot of experience from trading the trades that we do.

[welshhana]

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 think quite right. But don't use much money, use only those you can afford to lose. Even with all the market predictions the market still remains unpredictable

[Mr. Magkaisa]

    -     It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.

With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn  agood result in the wnd.

[348Judah]

Being a newbie in trading, learning should be your first area of interest and if you're really good at it, you will not loose whatever you have invested on to trade and making mistakes will not be your weak point because you know what you're doing, maybe people are to relunctant to learning because of the demands involved, having the knowledge required is far better than making the investment because without the required basic knowledge on trading, all investment made will be waste because there won't be enough idea to secure them in times of challenges.

[Litzki1990]

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.

If you think that you will always make profit by trading, then you are wrong because even if you trade by analyzing the market, you have to face losses at times but the chances of profit are more than losses. There are certain rules of trading and trading requires adequate education. I made an account in an exchange, deposited money and bought any coin and sold it again, this is not how trading is done. If you want to do trading, you must first know about trading and understand the market. Excessive anger, pride or emotions must be avoided in trading as they will act as your enemy. You must understand the importance of money before trading. Whenever you understand the importance of money, you will not take any wrong decision in trading.

[Pamadar]

    -     It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.

With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn  agood result in the wnd.

Learning from the experienced of other traders will give you an idea what you need to understand first before investing your money.

You are right, newcomers need to have basic knowledge regarding to this industry and know if
the personality they've got is fit to this kind of market, it's not about earning quick profits or an
idea that crypto is a good way to earn quick money. Instead, crypto might be the best place if you
wanted to lose your money.

[Jody.Drummer]

    -     It is very important for the newbies who will enter here in crypto trading to learn it first before anything else. They shouldn't push themselves in a hurry just because they want to earn at once, its not a good idea and thinking of a newbies. They need to learn a lot, cultivate the knowledge, explore everything that has a connection in trading in the crypto space.

With these methods, I am pretty sure once they start to apply what they learn, surely the profit they are expecting it as long as they know the right way, you as a newbie could earn  agood result in the wnd.

Learning from the experienced of other traders will give you an idea what you need to understand first before investing your money.

You are right, newcomers need to have basic knowledge regarding to this industry and know if
the personality they've got is fit to this kind of market, it's not about earning quick profits or an
idea that crypto is a good way to earn quick money. Instead, crypto might be the best place if you
wanted to lose your money.

Well and besides that, we especially beginners can look for a lot of references to start trading properly, there are many who provide offline training today, but we must be able to find a mentor who is really real. I mean looking for mentors who are not just looking to profit from their members. many of them (beginners) have high expectations in the crypto world, they have seen a lot of other people's success there without them knowing the process. A person's personality is very influential on the running of the trading they do, those who have a person who is easily provoked will definitely get a lot of losses, I would say that because in trading it really involves psychology and emotions in it. If they get a market that does not match their predictions, chances are they will spend all their trading capital for one open position.

In trading a person must have full control in himself, do not let emotions control him because there will be many impacts they receive and generally they will experience MC.