Trading is risky, be conscious

[Obari]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

[hugeblack]

What would be your advice for those wanting to trade as a newbie?

Trading is a science, and therefore the more you know, the better your performance, but it is not like physics and mathematics, where one + one equals 2, but is based on unknown variables, and therefore there is a factor of luck, this factor disappears with skill, practice, and trading for a long time.

Thus, if the beginner does not learn or has sufficient knowledge, the possibility of losing is more than gaining, especially if he does not control his feelings, which is the second most important factor after learning.
So it is the product of learning, risk management and market psychology.

[Fivestar4everMVP]

What would be your advice for those wanting to trade as a newbie?

Trading education is very important if a trader must succeed, trading is a career which if built and nurtured to perfection, can give the bearer a long lasting stream of income.
As a newbie, don't just jump into trading, take your time and educate yourself, learn all the necessary techniques required to become a good trader, acquire all the tools needed as well, don't ever assume that trading is simple and rush into it, if you do, you will end up rushing out the same way you rushed after having lost a good amount of money .

[Silberman]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

My advice will be to lower the profits they expect to get out of this market and that they triple the amount of time they think it will take them to be ready to trade the markets, newbies need to understand that trading is a very difficult activity because they are competing against millions of other traders which want to achieve the very same outcomes they want to achieve, so unless they are near the top when it comes to their trading skills they will just donate their money to those traders.

[Lanatsa]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Just let them be and sooner or later they would really be able to experience out the bittersweet thing about trading but of course it would really be first on bitter experiences on which it would really be talking about

losing money due to lack of knowledge and skills which is really that a pretty common approach and something you cant really be able to avoid it out.This is really that a very common perception when noobs do

able to see about trading on first time and thought or mind off that it would really be that easy to deal with but when they are on the actual situation then they do just
realized that they've been fucked up. 

[crzy]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

My advice is that, don’t be afraid about the risk just learn the process and improve your knowledge because that is your only weapon against the market and without that, you can’t expect to make profit.

Trading is a good job, consider it like that and take it seriously. Newbies should also not rely to any signal group because its not safe so learn on your own and trade on your own. Trading can only be profitable if you become more responsible with your decisions.

[ScamViruS]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Where financial matters are involved there will be risk, in this case knowledge is more effective than emotion. A trader needs to know about the crypto market and develop trading skills to be successful. An experienced trader never thinks of getting rich quick, because he knows about reality. And those who come to trading with the idea of ​​getting rich quickly end their trading journey after losing funds badly.

I think that in order to be successful a trader needs to think about the reality along with developing trading skills because many times that trader may have to face unexpected situations.

[Zilon]

My advice to newbies who will like to try out trading is to be courageous and determined. Trading is educative. It trains three major aspect of the human mind. The first is greed, the second is money management and the third is emotions. There is no business that doesn't incur loss the difference is how the trader manage their emotions, funds and greed level regardless of what strategy used.

[Scripture]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Whatever you do, there's always a risk so better to know your risk tolerance and do your best to be better on you chosen field.
Trading is not easy and its not all about making profit, you also have to understand that losing in trading is inevitable, what you can do is to improve your trading skills to avoid any big losses and be more consistent for your long term trades.

Newbies have to undergo the basic training about trading, they have to understand the whole concept since this is not just about buying and selling, its more about patience and timing the market trend. There are indicators to be used as well so familiarize yourself with it and trade if necessary, don't rush in the market with your empty mind.

[Mahanton]

My advice to newbies who will like to try out trading is to be courageous and determined. Trading is educative. It trains three major aspect of the human mind. The first is greed, the second is money management and the third is emotions. There is no business that doesn't incur loss the difference is how the trader manage their emotions, funds and greed level regardless of what strategy used.

You would learn up along the way and some other suggestion and advise that they should not easily give up despite of the losses that they would encounter or experience because this is the part of learning process.
It is true that we are really that prone to mistakes no matter how professional or veteran you are on trading space.Just make yourself believe that it wont really be that a simple career for you to deal with, specially
when it is really talking about unpredictable or random market where indicators and analysis couldnt really work precisely but it doesnt mean that it would be just like that way because there are people whom
do really be able to make money and sustain theirselves into this market.

[Issa56]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.

Most newbies always fall for ponzi scheme, if they try trading and they get disappointed with the amount they are making, or some of them might be losing money, whenever they see anybody that will brainwash and introduce them to ponzi scheme, they easily fall for their trick, since they are looking for easy and quick money, and they can't get that from trading because they are not doing the right thing.

What would be your advice for those wanting to trade as a newbie?

My advice for newbie is that trading is not a get rich quick scheme just as you said, if you want to be a professional trader, it involves reading, doing research and constant practice. As a trader, you will definitely lose money sometimes, is not possible that you will trade and you won't lose money, but we should make sure our profit is more than our lose and we should always trade with the amount we can afford to lose. Also we shouldn't depend on trading signals, if you want to trade, learn to do your analysis yourself.

[SOKO-DEKE]

What would be your advice for those wanting to trade as a newbie?

Trading is not what we can do without not having much knowledge about it. So, someone need to acquired trading knowledge before he/she can start trading, and should be  continue knowledge because the more you do research and learn new things in trading field, the more educative you are in term of trading and the you make money from it.

What would be your advice for those wanting to trade as a newbie?

My advice for newbies who want to trade is to do everything they can to learn as much about trading as possible before they begin trading. Newbies should always start at least their first two trades with a small amount of money, regardless of how they think they have gathered the knowledge to have their market experience, so from there they can start increasing the amount when they think they are getting it better and making profits from it.

[blockman]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.

They're encouraged when they've heard or seen those trading stories that have become successful. But it's not all about the success that they've made but the hardship before they reach that goal.
Yeah, sure trading is very profitable for those that have studied and endured those losses in the favor of learning which they can apply in their future trades.

What would be your advice for those wanting to trade as a newbie?

Don't be hasty but never stop testing and experimenting with your trades. It's because you'll never know if it's going to be worth it in the future or not because you might stop. But if you really want to push for it, just keep going but bear the potential losses.

[Rengga Jati]

Learn a lot first about trading, cryptocurrencies, risks, and also various things related to the trading technique itself and its analysis. Learning is the first step that must be done in order to at least have an understanding of trading. so it's not just understanding that by trading, we can get the money very quickly and a lot. This is like a false hope because it could be us who will lose a lot of money from the trading activity. Not many newbies actually want to learn, some of them just want something instant, so some of them choose to use free signals without knowing what the risks of these signals are too. They also do not hesitate to spend a lot of money on trading for the sake of high profits. but again, they forget that as you said, trading has high risks that must also be handled. Therefore, it is necessary to first understand risk management and funds before really jumping into the world of trading, especially for those who are interested in learning more.

[awik p]

As a beginner, my advice is that the most important thing is that we have to learn a lot about psychological control in trading, because most people think that trading is a quick way to get rich. their main mistake is that they are busy looking for a good trading strategy system, many are even tempted to use robots as money-making machines. but unknowingly they forget how to manage risk if our analysis is wrong, and we have to be disciplined with analysis, because most of them in their minds have to make a profit every time they trade, this is very dangerous, where initially the aim was to do scalping but because of floating minus shift to long-term trading. I think this mindset needs to be fixed

[Mpamaegbu]

Generally, risk transcends trading and encompasses everything in life. Embarking on a journey (whether road, water, rail or air) it's a huge risk on its own; but let's just stick to trading here. Yes, trading is a lucrative business but as well as a very risky one. The major nag in trading is that many would-be traders like to concentrate on the euphoria of making quick cash without putting in the works to acquiring the needed skills for it. Quite alright, even professional traders suffer losses from time to time but what matters here is the ability to record more profit than loss. Anyone who's scared of seeing red in their trade history isn't prepared to be a trader.

[monineklutak]

My advice to newbies who will like to try out trading is to be courageous and determined. Trading is educative. It trains three major aspect of the human mind. The first is greed, the second is money management and the third is emotions. There is no business that doesn't incur loss the difference is how the trader manage their emotions, funds and greed level regardless of what strategy used.

In trading the three aspects you mentioned are very important and we need to manage them properly,
trade is so complex that we need to learn first,
what is clear is that we have to prepare many things before starting to trade.

[xSkylarx]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Control your emotions. It is very easy to learn trading but controlling emotion is not as you cant easily learn it online and also it is easy to read or say but very difficult to do. I thought before trading was the very difficult to do as i am having difficulty to read the chart but when  i started to learn it i started to realize to having not control in emotions is very difficult. So whats the best is having self discipline and not having greed takes place

[Oshosondy]

What would be your advice for those wanting to trade as a newbie?

They should use the amount of money they can afford to lose
They should not trade with emotions. It is not easy while trading, they need to fight emotion and go the professional way
If they become professional, they can increase the money they use to trade and start learning averaging techniques
They should not see trading as a way of getting income
They should not depend on trading for living
They should learn about risk management
Strategy they use is the most important in trading.

[DanWalker]

What would be your advice for those wanting to trade as a newbie?

Trading is not gambling, but for beginners, without knowledge, it is no different from gambling. It can be said that trading is an extremely difficult job and not for everyone.
I believe that all traders, no matter how experienced they are, lose a lot of money before they become professional, so my only advice to newbies is: let's use the money we can lose and start with the smallest possible capital, since the probability of losing is almost 100%, limit that loss in as many ways as possible.