Trading as a newbie?

[Josefjix]

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

It's consider difficult at the beginning, but with constant practice, a newbie becomes confident on trades. Experience is essentially what newcomers in the space require; one cannot begin trading without adequately sketching out good projects in the market. Losses are unavoidable, but rewards are possible. Being familiar with the market also makes things smoother, good trading tools make trading simpler. Newbies lose a lot of money because they do not follow the right path and are always desperate to make money. This is cryptocurrency; you learn before you earn; anything else puts you on the wrong track.

[Dessy88]

Here is Trade not for newbies even it is just for a smart people who have lot of experience in trade. If you have no skills in trade then you can lost money. But if a newborn want trade then they should join more group for tech about trade. Otherwise help a smart trader teen you can make money easy from trade. I also tell you dont jmp trade without skill.

[kawetsriyanto]

Here is Trade not for newbies even it is just for a smart people who have lot of experience in trade. If you have no skills in trade then you can lost money. But if a newborn want trade then they should join more group for tech about trade. Otherwise help a smart trader teen you can make money easy from trade. I also tell you dont jmp trade without skill.

Of course, someone must have sufficient knowledge and skills to trade properly. No skill means a small chance of gaining profits from trading. Moreover, if we have no knowledge, it is like a mission impossible to earn money through trading. So, actually everyone who wants to trade in crypto, must have both knowledge and skills. We already know there are many people who fail in trading because they have lack of knowledge/skills, it is just a warning for every newbie to never trade carelessly.

[Sexylizzy2813]

Before you start you have to know how things works in that line of trading that you're getting into, if possible ask, get better info before you get started otherwise you might just lose your hard earned capital before engaging yourself. Try as much as you can to know what you getting into, some people do lose because the information wasn't plain from the start so is best you gather vital information from a trusted friend.

[cotaland]

Cryptocurrency trading risk is generally very high, it is recommended that novices learn more relevant knowledge before trying.

[Bitcoin_people]

Trading is very difficult for beginners if they don't have general knowledge about crypto. So the first thing a new trader needs to know is when an investment can be profitable. and being careful about when to invest will result in losses. In this regard, it should be noted not to invest when the market is growing like a bull run. If you want to invest, you must invest when there is a bear market. And thus a new investor needs to be careful so that he can profit. Again, many times it is seen that newbies are criticized about the amount of money they will need for trading. Therefore, it is possible to become a good crypto trader in the future if you start investing from all the money when trading for the first time.

[Nazmul012]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

[petulino]

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

You are absolutely right that learning is the most important thing in trading. As the trading platform is very risky where there is no room for error. If trading is started with a small amount in learning trading, it will also provide learning experience and minimize the risk of loss.

Because in any business you don't make mistakes while learning, your experience won't mature. Always learn from mistakes. A trader will never learn until he gets into the real world.

[awik p]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

[kapalmabur]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

It's true I agree because before starting to trade or invest it is very important to learn fundamentals and more,
by learning a lot of things at least it makes us know what needs to be done,
what is clear is that everything needs a process, nothing is instant.

[LastKiss]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

That's why we should use stop loss lower from the support, if we do an analysis we should know the support line. It's better to spend our time doing analysis rather than spending our money in vain, as a newbie having a good mindset and want to learn is already enough, something like stop losses, leverage and others can learn after we are used to trading.   

[Dessy88]

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

If you can get best knowledge aboyt trading from by this forum then you could manage success trade. For the first time many newborns loss there money from first time trade. Besides that they leave quickly in the crypto market but i think It's three wrong work.

[riskarcher]

You should read better learn proper way asap. Now this process may working fine but soon You'll realize that, this strategy is wrong. It is not necessary that every currency you triggered, will follow your patten!! Most of those go down and take long to come back even some of those get scammed. So set a limit i mean stop loss, where you can move on with or without profit but First learn the fundamental. Otherwise you will lose in long timeframe

stop losses are very important in a trade, sometimes it happens a lot after touching the stop loss then the market goes back up and we regret using the stop loss, but after trying to remove it in the next transaction, what happens is that the market is dragged away again and we experience bigger losses and in the end keep holding it until floating in the long run. this is what should be avoided, because when it happens like that it is difficult to think healthily, and in the end it actually actually consumes our capital

That's why we should use stop loss lower from the support, if we do an analysis we should know the support line. It's better to spend our time doing analysis rather than spending our money in vain, as a newbie having a good mindset and want to learn is already enough, something like stop losses, leverage and others can learn after we are used to trading.   

Yeah agree, stop loss is very important on bear market situation, we never know how whales set up the market in the current condition, especially their have control to pumped and dumped target coin they want it

[Bitcoin_people]

Trending basically requires a beginner to practice different aspects and know market strategies. First of all if a newbie wants to trade then he needs to do a good analysis about the market. Then he has to learn when to trade he can make profit and when to trade he has to know about loss. When the market is in a bull market, do not trade from a bear market and sell later. If you want to trade in the first stage, you must start with a small amount of money and gradually increase the amount of money if you get good profit. And you have to adopt more special strategies about the market, but you can become a successful trader in the future.

[omgitsmehehe]

The most important thing for a beginner in trading is learning. I would advise you to pay maximum attention to this. Otherwise, the result may not be very pleasing.

Newbie should pass the through the fundamentals and technicals analysis of trading inother to fill in the configuration of trades. One thing is to become a trader another is to be a profitable one at that. There are many things to know about trading, knowing the full potential of the market, what project to invest in, when to trigger a trade and finally the time to withdraw profits. Trading is risky and complex, newbies should be properly guided on the right thing to do, because if they're misguided with inappropriate tools, they will face the losing trends of the market.

[ancafe]

If you want to trade in the first stage, you must start with a small amount of money and gradually increase the amount of money if you get good profit. And you have to adopt more special strategies about the market, but you can become a successful trader in the future.

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

[ItsCrafty]

Newbie should pass the through the fundamentals and technicals analysis of trading inother to fill in the configuration of trades. One thing is to become a trader another is to be a profitable one at that. There are many things to know about trading, knowing the full potential of the market, what project to invest in, when to trigger a trade and finally the time to withdraw profits. Trading is risky and complex, newbies should be properly guided on the right thing to do, because if they're misguided with inappropriate tools, they will face the losing trends of the market.

To fill up the configuration of trades, beginners should go through the fundamental and technical analysis of trading. Being a successful trader is a different animal than simply becoming one. Trading requires knowledge of a wide range of topics, including the market's full potential, risk assessment and risk-taking ability, and your technical and logical thinking to analyse the trends of cryptos. The best thing that shows your knowledge is when to initiate or take your trades and when to take profits. Trading has multi-dimensional tricks that are not so complicated but a little bit risky when you rely blindly on indicators. So, I think beginners should have good knowledge and awareness of what to do; otherwise, they will face loss.

[MingMining]

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

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.

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

[knowngunman]

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?

There's this saying that "experience is the best teacher". You can not have zero experience and attempt to risk your resources on trading. Trading is an aspect of crypto that requires experience fundamentally and technically. It is some how difficult to understand per say that not everyone will sustain in it with amateur knowledge.

Talking about making money, I don't think this is the right step for you unless you can be patient enough because some coins will take forever without increasing a decent cent. The percentage is not as you're thinking by the way. Forex trading might be better than what you are planning above.

You can not succeed in trading with mere self trial. Get your self a mentor, watch video tutorials, read and then practice. People with a experience are losing sometimes, imagine yourself without experience. You'll lose enough.

[Hamphser]

Never force yourself to trade without basic knowledge, first learn how to understand trading patterns and when you want to try trading as a first step using slightly smaller capital. At least this can be used as basic training to jump right in because after all knowledge and experience is gained by practicing it directly, so that experience can bring us more accustomed to dealing with trading and know how to maximize losses.

Trying with small capital can maximize the value of losses and when the trading experience gets better, then add a much larger amount because this is related to risk management that needs to be considered so that when you experience a loss you won't panic.

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.

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

Always start on small and never ever have that kind of feeling of confidence that you could really be able to stand on this unpredictable market on which it would it would be wise that you should make use of small

capital instead on going all in because its 100% that you would really be losing money on your initial steps and this is why it would really be that ideal that you should only spent less which at the same time you would

really be having that kind of learning curve while you do make use of certain funds which it would be allocated to it.On the time that you do see yourself on having some good progress then it would be the best time
for you to gradually be adding up that capital and position. You would really be able to find out for yourself on what you should gonna do because you would be able to see those differences comparing your
newbie self into that certain point when you do already have  that experience and knowledge on handling yourself on a random market.