Trading as a newbie?

[Bitcoin_people]

I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.

[Wolfwar]

I think that for a beginner, there should be a mentor who will help you gain experience in trading.  Or you can use a good trading bot that will allow you to make the right decisions.  I started using Ets bots, but I lost a little depa while I was figuring out how to set it up, but then, as I figured it out, everything was fine, though I had to spend 4 days.

Having a mentor is good but it is not a must. Not every experienced trader started their trading with a mentor, some can succeed by learning themselves. I myself never have had a mentor, I learned it by self-taught. There are many sources that we can learn trading, both articles and youtube videos.

Bot trading is optional, I never used it. The best way is to use our own skills to determine everything in trading. Don't depend on the bots!

I looked everywhere for information on how to learn how to trade correctly and I was told everywhere that the key to success is stored primarily in the knowledge of technical and fundamental analysis.  It is believed that a computer is smarter than a person.  To what extent do you think the opportunity will be able to realize the idea of ​​​​generating income with the help of the program and controlling it at its own discretion?

[Cantsay]

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?

If you do something like this without having proper knowledge of how the market works and also how to know if a coin or a project has potentials or not then the probability of you investing in a project that will never get to go back to its all time high price is just so high, like really really high. For me I'll advice that you take some trading lessons and then try using little amount that you know you won't mind losing to practice I'm sure after like about a month time you should have gotten enough experience to start realising some profits.
That's just the best bet for me rather than look for some shortcut on how to accumulate profits just go through the learning process and when you're done with that you can then start the earning. Most times both can take place at the same time.

[GeorgeJohn]

I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.

Your right, while some people do lose in cryptocurrency investment is due to lack of investigation and research, like some people likely invest in a coin that doesn't have potential, a good investors will scrutinized a coin very well before it will directly go into investment, many altcoins today have made so many people to lose their capitals due to wrong investing on a coin that doesn't have potential, and secondly do not rush to invest in a coin with a proper research of the coin, some people invest in coin Because of promoters are making emphasis of such particular coin, so do not be deserved on investment of cryptocurrency.

[Mahanton]

I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.

Your right, while some people do lose in cryptocurrency investment is due to lack of investigation and research, like some people likely invest in a coin that doesn't have potential, a good investors will scrutinized a coin very well before it will directly go into investment, many altcoins today have made so many people to lose their capitals due to wrong investing on a coin that doesn't have potential, and secondly do not rush to invest in a coin with a proper research of the coin, some people invest in coin Because of promoters are making emphasis of such particular coin, so do not be deserved on investment of cryptocurrency.

Losing is inevitable it is really just you should really know on how to manage risk because it is really still that good that even if you do have losses which is inevitable but still ending up on being profitable on overall trade then this is what mattering the most.People should target out on being positive although it would be hard but its not something impossible that you couldnt really reach out.It is really just we do really need to have that
good preparation and risk management.Trading isnt something simple and we all do really passed up on being a newbie but overtime on the time you do get sufficient experience then you would
really be able to handle up yourself into this very unpredictable market.

[GeorgeJohn]

Losing is inevitable it is really just you should really know on how to manage risk because it is really still that good that even if you do have losses which is inevitable but still ending up on being profitable on overall trade then this is what mattering the most.People should target out on being positive although it would be hard but its not something impossible that you couldnt really reach out.It is really just we do really need to have that
good preparation and risk management.Trading isnt something simple and we all do really passed up on being a newbie but overtime on the time you do get sufficient experience then you would
really be able to handle up yourself into this very unpredictable market.

I know that losing is inevitable but many people contribute for their Lost, so i believe that when someone scrutinized the market very well the rate of your lost will not be huge, so it's obvious that some people are not good trader but they jumped into trading without knowing the rudiments of trading, so their is every tendency that they will experience the negativities of the market, while those who have the knowledge of trading knows the ways to escape the lose of the market after making their research.

[Gerandott]

I think day trading is always very hard to earn hustle. You always win more if you invest and hodl. Of course, you can win much in a day when you trade but you will lose more the next day. I tried CDF trading and it was really stressful for me. Overall, CFD trading can be a high-risk, high-reward activity that requires a lot of knowledge and skill to be successful. As with any type of trading or investment, it's important to do your research, understand the risks involved, and seek professional advice if needed. You can learn more about CFD trading if you are sure that you can control your emotions.

[letteredhub]

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.

Stop daydreaming and wake up mate, this your theory or perspective of trading is one that's clearly unrealistic and which could lead to unbelievable losses, in that, not because an altcoin falls down then it's assures a pumping for most altcoins that have fallen fall to diminishing end eventually disappearing. So be careful of what you do.

[JamesDaniel90]

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.

Stop daydreaming and wake up mate, this your theory or perspective of trading is one that's clearly unrealistic and which could lead to unbelievable losses, in that, not because an altcoin falls down then it's assures a pumping for most altcoins that have fallen fall to diminishing end eventually disappearing. So be careful of what you do.

It worked for a while and I made 300% profit.

I have stopped trading now but may get back into it again soon.

[PancherSh]

I think day trading is always very hard to earn hustle. You always win more if you invest and hodl. Of course, you can win much in a day when you trade but you will lose more the next day.

if you choose the right trading pair, with set volatility, then with the help of ETS, for example, on Binance, you can safely apply scalping and not much, but constantly make a profit.

[Rockstarguy]

I think of course if you invest without understanding you will lose your money. In particular, you must first acquire a good knowledge of the market and take the advice of knowledgeable investors. And do a good analysis of the coins you invest in. But I think if you invest in bitcoin rather than investing in alt coin you won't be afraid of losing money in future.

The principal thing one needs to have ìn trading ìs understanding . It important beginners needs to learn and understand before putting their money into trading,  because trading is not something that is done with a guess work. Beginners have to learn and understand good trading strategies that will be profitable.

Bitcoin is always the best for trading and as for Beginners it is good to trade with Bitcoin because it is the most reliable to trade with. Trading with altcoin is too risky for traders, anything can happen at anytime.

[Awaklara]

Bitcoin is always the best for trading and as for Beginners it is good to trade with Bitcoin because it is the most reliable to trade with. Trading with altcoin is too risky for traders, anything can happen at anytime.

although Bitcoin trading is better for beginners, it is more advisable to start with a long term investment first. although I also believe beginners will not be strong enough in long term investment planning.
many of the newbies think of crypto trading as giving short profits. they don't know that they are also at greater risk when they have such thoughts.
I hope there will be more beginners who think about experience first than thinking about profits in a short time.

[Jody.Drummer]

Bitcoin is always the best for trading and as for Beginners it is good to trade with Bitcoin because it is the most reliable to trade with. Trading with altcoin is too risky for traders, anything can happen at anytime.

although Bitcoin trading is better for beginners, it is more advisable to start with a long term investment first. although I also believe beginners will not be strong enough in long term investment planning.
many of the newbies think of crypto trading as giving short profits. they don't know that they are also at greater risk when they have such thoughts.
I hope there will be more beginners who think about experience first than thinking about profits in a short time.

True, it is better to make long-term investments for beginners than to jump right into trading. Long term investments are less risky, especially if they are bitcoins. Instead trading has a very big risk, we are at risk of losing money in a very short time. Most beginners do have the wrong thinking, yes they think trading gives them profits in a short time without risk, that's what makes many of them beginners have bad experiences. However, they must study and have thorough knowledge before actually starting the entry.

[nurilham]

True, it is better to make long-term investments for beginners than to jump right into trading. Long term investments are less risky, especially if they are bitcoins. Instead trading has a very big risk, we are at risk of losing money in a very short time. Most beginners do have the wrong thinking, yes they think trading gives them profits in a short time without risk, that's what makes many of them beginners have bad experiences. However, they must study and have thorough knowledge before actually starting the entry.

I think long-term investment has the same risk as trading, both are high risk if we have no sufficient knowledge. I even think that day trading with a scalping method is more secure than a long-term investment. However, 'sufficient knowledge' is the key, never choose an investment or trading if we don't learn deeply about them. A beginner is better to focus on learning first whether about investment or trading. Don't hurry to choose BTC investment or trading crypto coins, choose them after learning them seriously!!

[Jody.Drummer]

True, it is better to make long-term investments for beginners than to jump right into trading. Long term investments are less risky, especially if they are bitcoins. Instead trading has a very big risk, we are at risk of losing money in a very short time. Most beginners do have the wrong thinking, yes they think trading gives them profits in a short time without risk, that's what makes many of them beginners have bad experiences. However, they must study and have thorough knowledge before actually starting the entry.

I think long-term investment has the same risk as trading, both are high risk if we have no sufficient knowledge. I even think that day trading with a scalping method is more secure than a long-term investment. However, 'sufficient knowledge' is the key, never choose an investment or trading if we don't learn deeply about them. A beginner is better to focus on learning first whether about investment or trading. Don't hurry to choose BTC investment or trading crypto coins, choose them after learning them seriously!!

Conditions for bitcoin at least it's better if investment. Day trading? Scalping? Precisely this should be avoided by beginners. They have no basis or insufficient knowledge in terms of how they deal with scalping. this even though it provides a more intimate experience it becomes like suicide for them.
At least when investing in bitcoin for the long term from now on they can still be comfortable while learning further than having to jump in with day trading which clearly requires much greater experience.

[Tespata]

This is the case with most traders If I buy a token and hold it for a long time, but no profit comes, when I lose patience and sell the token and buy another token, it is seen that the one I sold is pumped.Otherwise I dump whatever token I buy and get los I thought why this happens only to me but I found out that almost the same thing happens to most traders I buy tokens that dump a lot so that I can get back to the previous position and get a lot of profit but most of the time that token doesn't pump anymore thus I lost a lot of my investment I can not understand what should be done.

[Pamadar]

True, it is better to make long-term investments for beginners than to jump right into trading. Long term investments are less risky, especially if they are bitcoins. Instead trading has a very big risk, we are at risk of losing money in a very short time. Most beginners do have the wrong thinking, yes they think trading gives them profits in a short time without risk, that's what makes many of them beginners have bad experiences. However, they must study and have thorough knowledge before actually starting the entry.

I think long-term investment has the same risk as trading, both are high risk if we have no sufficient knowledge. I even think that day trading with a scalping method is more secure than a long-term investment. However, 'sufficient knowledge' is the key, never choose an investment or trading if we don't learn deeply about them. A beginner is better to focus on learning first whether about investment or trading. Don't hurry to choose BTC investment or trading crypto coins, choose them after learning them seriously!!

Conditions for bitcoin at least it's better if investment. Day trading? Scalping? Precisely this should be avoided by beginners. They have no basis or insufficient knowledge in terms of how they deal with scalping. this even though it provides a more intimate experience it becomes like suicide for them.
At least when investing in bitcoin for the long term from now on they can still be comfortable while learning further than having to jump in with day trading which clearly requires much greater experience.

The choice is for them to decide, but I like to follow your argument with scalping and day trading, newbies needs to learn the deeper side of this market before they perform or execute this kind of trading practice.

Without the knowledge that they need, the chance of failing and losing their investment is what they might
suffer along the way. It's your knowledge and understanding that will let you proceed and make some
decent profits from this business.

[peter0425]

...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...

Such a strategy will not always be profitable, since many coins, after their price has decreased by 15%, contrary to your expectations, continue to decline. In this case, you should have a backup plan, which may be to use a stop loss to limit your losses.

No back up plan - I am just trading altcoins I believe will be here till the next bull run at least.

If it gets to a point where we experience a crash and I buy in at a price we don't see again for another month or so then I will just hold.

You are looking for too much advantage mate and it is not that easy lol. As if this market is just an easy step to be millionaire.
But sorry but it is not your way here.
Better to understand it hard and then decide where and when and which to buy.

[Jody.Drummer]

I think long-term investment has the same risk as trading, both are high risk if we have no sufficient knowledge. I even think that day trading with a scalping method is more secure than a long-term investment. However, 'sufficient knowledge' is the key, never choose an investment or trading if we don't learn deeply about them. A beginner is better to focus on learning first whether about investment or trading. Don't hurry to choose BTC investment or trading crypto coins, choose them after learning them seriously!!

Conditions for bitcoin at least it's better if investment. Day trading? Scalping? Precisely this should be avoided by beginners. They have no basis or insufficient knowledge in terms of how they deal with scalping. this even though it provides a more intimate experience it becomes like suicide for them.
At least when investing in bitcoin for the long term from now on they can still be comfortable while learning further than having to jump in with day trading which clearly requires much greater experience.

The choice is for them to decide, but I like to follow your argument with scalping and day trading, newbies needs to learn the deeper side of this market before they perform or execute this kind of trading practice.

Without the knowledge that they need, the chance of failing and losing their investment is what they might
suffer along the way. It's your knowledge and understanding that will let you proceed and make some
decent profits from this business.

Yep, indeed in this case everyone returns to their respective choices whether they want to do whatever they like but it's not wrong to give advice not to get involved in trading first when you are still a beginner.
This is not gambling that only relies on instinct and luck but trading that requires analysis for it so that the conditions are good for them and of course to minimize losses.
But if you insist on trading, then maybe you already know the risks involved and don't feel cheated if you get a loss there.

[Pamadar]

Yep, indeed in this case everyone returns to their respective choices whether they want to do whatever they like but it's not wrong to give advice not to get involved in trading first when you are still a beginner.

An advise is always good when you don't have enough knowledge with the business that you are going to take, it's always
have a good weight when deciding your first trade.

This is not gambling that only relies on instinct and luck but trading that requires analysis for it so that the conditions are good for them and of course to minimize losses.

Good point, and it should always take the right way, not a gambling where you will always rely with luck.

But if you insist on trading, then maybe you already know the risks involved and don't feel cheated if you get a loss there.

You should be ready and willing to take the risk if you wanted to pursue your investment inside this kind of business.