Trading is risky, be conscious

[martyns]

One major reason why one needs to be very careful while trading is the emotional hallucination involved when there is a loss.Many people believe that during trading,risk is one major thing that one must take,but when the risk taken finally materialises into reality and brings loss,they suffer heart pressure which sometimes make them lose their mind and sometimes cause depression.It is therefore good to take note of the fact that failure is part of success,because Everytime that one fails,there is an experience gathered,and that experience makes them do well in their next trading.

[Hamphser]

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?

Yes, trading involves great risks, but it is a great way to achieve good profits if the trader is patient, willing to learn, and has a positive outlook on the future in the long term in his journey and if the newbie trader can gain sufficient experience and develop his skills by creating a demo trading account on one of the platforms that are free of risks and he experimented with the functions of the trading system and got acquainted with them, and if he was able to determine his own trading system or strategy after he finished his learning period and expanded his perceptions and was able to do research and technical and fundamental analysis well and was able to control his emotions outside the market and make risk management a basic principle for him to protect himself from large losses and he was able to know how and where to enter the market, I believe this newbie trader will reap a lot of gains in the future.

Greater risk but better rewards as we do all know.We do have different types for us to deal or choose with.
-Spot
-Futures
-Derivatives
etc....

When you are just still a noob then its not bad to make some demo account and trying out to familiarize yourself into those terms and other things which you do need to be aware of.
Trading is risky but very rewarding on the time that you do have a good hold of it.Of course it wont really be that simple on making yourself that sustainable because this is where everyone is really been doing on
which they are really that trying out their best to be profitable.This market is unpredictable and very volatile on which it would really be just that normal that risk is high but if you are really
that wise and careful then making money wont be that hard.

[blockman]

One major reason why one needs to be very careful while trading is the emotional hallucination involved when there is a loss.Many people believe that during trading,risk is one major thing that one must take,but when the risk taken finally materialises into reality and brings loss,they suffer heart pressure which sometimes make them lose their mind and sometimes cause depression.

Risk is always involved when we trade and when we invest, that's why it will never be one and is always present. And when we say about risk, there's a tendency that you really will lose and at the same time, you'll get some fine chances to profit.

It is therefore good to take note of the fact that failure is part of success,because Everytime that one fails,there is an experience gathered,and that experience makes them do well in their next trading.

That's so true, no success person that didn't go through with failures in the hustle that they make. Learn from failures and mistakes and those losses incurred treat them as your enrollment ticket fee.

[Woodie]

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.

I wouldn't blame them for thinking this way because if you look at some of these traders on YouTube for example , they are always flaunting flashy lifestyles, driving lambos, infinity pools, helicopters, women you name it but they never show the other side of trading which is the ugly side if you don't have the skill set to trade.

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?

Advice is always going to be: invest in the trading skill itself, learn to control your emotions and exercise patience as these attributes make you a better trader in the long run.

[Awaklara]

One major reason why one needs to be very careful while trading is the emotional hallucination involved when there is a loss.Many people believe that during trading,risk is one major thing that one must take,but when the risk taken finally materialises into reality and brings loss,they suffer heart pressure which sometimes make them lose their mind and sometimes cause depression.It is therefore good to take note of the fact that failure is part of success,because Everytime that one fails,there is an experience gathered,and that experience makes them do well in their next trading.

traders who have such a fate are those who are too obsessed with big profits. and of course, they are not ready to lose. in their mind they only trade to win. despite knowing the risks, they never take them seriously.
those who start with large capital, usually do not have good control over their financial management. he can bring good money to the market, but with little experience and knowledge of the trade, they are just a gamble for luck.

[lienfaye]

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

Take time to learn and don't be greedy to profit huge instantly. Start with a small capital to gain experience so even you lose on your first trade atleast you learned something from it. Many traders didn't succeed in this career and decided to become a long term hodler since it's less risky though it takes a long time to profit.

But there's nothing wrong if you try just be careful and learn to set aside your emotion because it can influence you to commit a wrong decision, so it's important to be firm. Moreover, don't expect or rely too much in trading because you'll never know what lies ahead thus it would be wise to first try it as your sideline and not as your main source of income.

[Joshapat]

Trading is a risky thing, especially if we invest in new projects, price fluctuations can be close to 100% if they drop but can go up thousands of percent in a day, as a trader of course the first and most important thing is to be aware and understand all the risks, don't sell assets which can stress us out when there is a price drop, it's better to use the money in your pocket to trade, and always learn from profit or loss to become a better trader.

[death69]

Trading is a risky thing, especially if we invest in new projects, price fluctuations can be close to 100% if they drop but can go up thousands of percent in a day, as a trader of course the first and most important thing is to be aware and understand all the risks, don't sell assets which can stress us out when there is a price drop, it's better to use the money in your pocket to trade, and always learn from profit or loss to become a better trader.

I gotta say, trading is a risky business, no doubt about it. As a trader, I know firsthand that managing risk is critical to success. When it comes to investing in new projects, I always make sure to do my research and analyze the market inside and out to asses the potential risks and rewards. I also try to diversify my portfolio, so I'm not putting all my eggs in one basket, you know what I mean? Gotta keep a level head and not let my emotions cloud my judgement, especially during times of price fluctions. One thing I learned early on is to never invest more than I can afford to loose, and I always keep some cash on hand for unxpected situations. Oh, and I can't forget about my trusty tradng jurnal, it's the key to learning from my successes and misstakes. With patience, discipline, and a committment to continuous learning, anyone can become a beter trader

Best wishes

[irhact]

Trading is a risky thing, especially if we invest in new projects, price fluctuations can be close to 100% if they drop but can go up thousands of percent in a day, as a trader of course the first and most important thing is to be aware and understand all the risks, don't sell assets which can stress us out when there is a price drop, it's better to use the money in your pocket to trade, and always learn from profit or loss to become a better trader.

Trading is not totally risky when you understand what you're doing. The issue with traders losing more than they gain is because they didn't learn the skills needed to become a professional trader but just want to start trading because they had few calls right. When people start trading because of this reason, they get losses in the longer run and begin thinking trading isn't profitable.

For you to enjoy trading, learn the basic and try to study the charts. Many people that call themselves traders can't interpret charts. Without been able to understand the direction the markets is preparing to move to then you can't make profits as a profession trader by just been depending on your calls to be Lucky.

[bitgolden]

Trading is a risky thing, especially if we invest in new projects, price fluctuations can be close to 100% if they drop but can go up thousands of percent in a day, as a trader of course the first and most important thing is to be aware and understand all the risks, don't sell assets which can stress us out when there is a price drop, it's better to use the money in your pocket to trade, and always learn from profit or loss to become a better trader.

People need to realize the risk they are taking when they are trading and most of them don't. This causes a lot of new people to lose money because they are not aware of the risks that they are taking when trading. Investing and trading are not the same, if you trade that means you have to buy and sell, pretty quickly if you can, whereas investing means you could buy, and hold for many years without selling and make a profit.

Trading is risky because of this, it doesn't give you time to right your wrongs, so you need to be a lot more careful and yet many people are not that much careful about it, and this causes them to end up losing a ton of money.

[Oilacris]

Trading is a risky thing, especially if we invest in new projects, price fluctuations can be close to 100% if they drop but can go up thousands of percent in a day, as a trader of course the first and most important thing is to be aware and understand all the risks, don't sell assets which can stress us out when there is a price drop, it's better to use the money in your pocket to trade, and always learn from profit or loss to become a better trader.

People need to realize the risk they are taking when they are trading and most of them don't. This causes a lot of new people to lose money because they are not aware of the risks that they are taking when trading. Investing and trading are not the same, if you trade that means you have to buy and sell, pretty quickly if you can, whereas investing means you could buy, and hold for many years without selling and make a profit.

Trading is risky because of this, it doesn't give you time to right your wrongs, so you need to be a lot more careful and yet many people are not that much careful about it, and this causes them to end up losing a ton of money.

They really need to because if they wont really be seeing the risk about trading then it wont really be that a good thing because it would be basically affecting their risk management specially into finances.
You cant really be able to see for yourself on what would be the possible things that might happen ahead.

Make yourself aware about your actions and be having that realistic approach.Dont make yourself that too hype up and really that in mood that you could make money easily with trading.
This isnt how this thing works or the most common scenario which you could able to experience on.There's always that risks which is really that normal for you to face it on.

[MiF]

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?

As newbie you need basic, study trading first before do big trades to avoid disappoinment many trader loss a lot of money because they wanted a quick earnings, we need to do trading with plan not just trade and trade because trading also need an strategy we need to think twice before making any decisions to avoid loss.

[Smack That Ace]

One major reason why one needs to be very careful while trading is the emotional hallucination involved when there is a loss.Many people believe that during trading,risk is one major thing that one must take,but when the risk taken finally materialises into reality and brings loss,they suffer heart pressure which sometimes make them lose their mind and sometimes cause depression.It is therefore good to take note of the fact that failure is part of success,because Everytime that one fails,there is an experience gathered,and that experience makes them do well in their next trading.

Indeed, when starting to trade, beginners should identify and be ready to accept losses, I have not seen a single trader who can make a profit or succeed without experiencing any loss. It can be said that failure is inevitable in trading, it is important that we get up to overcome it or not. If you want to succeed in trading, you must first accept losses even many times, not just once or twice.
My advice for newbies, whether you are a trader or a holder, all need to be patient and not give up every time you fail. Only when you do, that will success come to you.

[tygeade]

One major reason why one needs to be very careful while trading is the emotional hallucination involved when there is a loss.Many people believe that during trading,risk is one major thing that one must take,but when the risk taken finally materialises into reality and brings loss,they suffer heart pressure which sometimes make them lose their mind and sometimes cause depression.It is therefore good to take note of the fact that failure is part of success,because Everytime that one fails,there is an experience gathered,and that experience makes them do well in their next trading.

Indeed, when starting to trade, beginners should identify and be ready to accept losses, I have not seen a single trader who can make a profit or succeed without experiencing any loss. It can be said that failure is inevitable in trading, it is important that we get up to overcome it or not. If you want to succeed in trading, you must first accept losses even many times, not just once or twice.
My advice for newbies, whether you are a trader or a holder, all need to be patient and not give up every time you fail. Only when you do, that will success come to you.

Experience is the best teacher. You could end up studying for years, which you should, you should try to learn as much about it as possible, but then in the end you are not going to end up with anything serious and will end up with a trouble in the long run if you keep ignoring the experience part.

No matter how much you study and learn, without actually "doing" the trading part, you will not be profiting, first you need to learn and then you need to trade and experience part also comes with the losses, you lose and you learn and then you end up with something much better and avoid that mistake in the long run, that's at least the best way I can put it.

[pantek talacuik]

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?

As newbie you need basic, study trading first before do big trades to avoid disappoinment many trader loss a lot of money because they wanted a quick earnings, we need to do trading with plan not just trade and trade because trading also need an strategy we need to think twice before making any decisions to avoid loss.

It's like a child who has to learn to crawl or walk gradually. If you want to become an investor, That's what you have to do by starting with a small amount or seeking knowledge and information from this forum, One of which is to continue to make you smart in making the right decisions. Everyone can make profits in the future with the analysis or opportunities that they get slowly.

[nurilham]

As newbie you need basic, study trading first before do big trades to avoid disappoinment many trader loss a lot of money because they wanted a quick earnings, we need to do trading with plan not just trade and trade because trading also need an strategy we need to think twice before making any decisions to avoid loss.

Agree. Newbies must focus on learning first, don't hurry to think about big profits. If a newbie just focuses on profits, he probably ends up with huge losses because trading carelessly. It is true that there are many traders who lose big money because they don't have enough knowledge but they are greedy to make big profits. Sure, trading needs a proper strategy, it requires the deep understanding about crypto market, too.

[Obari]

One major reason why one needs to be very careful while trading is the emotional hallucination involved when there is a loss.Many people believe that during trading,risk is one major thing that one must take,but when the risk taken finally materialises into reality and brings loss,they suffer heart pressure which sometimes make them lose their mind and sometimes cause depression.It is therefore good to take note of the fact that failure is part of success,because Everytime that one fails,there is an experience gathered,and that experience makes them do well in their next trading.

traders who have such a fate are those who are too obsessed with big profits. and of course, they are not ready to lose. in their mind they only trade to win. despite knowing the risks, they never take them seriously.
those who start with large capital, usually do not have good control over their financial management. he can bring good money to the market, but with little experience and knowledge of the trade, they are just a gamble for luck.

Nobody does a business with expectations of making loss even when knowing that there are losses and this is also same case with trading as most traders despite also know the risk involved in trade, would never assume they might make loss rather the mind of the trader is ready focused on making profits and that no matter how much loss they make, they're expected to go home with profit and that's fine as human to have such mind set.

My advise to traders just as most people have already said, just do first things first and let time take it's course Andi will always advise that they should invest in getting more of the knowledge rather than making short time profits. It is true that it's even more sweet that you're making profits while learning and that will require you get a mentor so rather than learning more often with virtual currency, one can practice more with real money account and make some profits when while learning after all the sole aim of trading is to make profit.

[Sakanwa]

Initially trading  isn't bad or good I will say it's a complicated on that system of Invertement.
As a newbie you need to under go a training like getting a class for yourself and making more research I guess that will be of a help, you most have something doing before getting your self into trading as a newbie, so as to help add up when you are losing.
I will say again make sure you get to any of the trading class so you can learn how the process works.

[Xampeuu]

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?

for beginners the main thing in learning to trade is to be in a trading environment, so that we can ask a lot of questions about the world of trading. that way we will understand trading strategies more quickly, with lots of experiences experienced by ourselves or sharing stories from other traders. and of course it would be better if someone guides the way we trade before finding our own trading style

[bettercrypto]

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?

       Trading in this industry requires sufficient knowledge and it is not enough that you know how to be careful because capital money depends on it.

    Then if your only mindset is to get rich and earn a lot of money, I think you cannot be here in this world of cryptocurrency, because it is good and good that you are here because you saw the beauty of the concept why it is necessary to use and invest , that's how it should be.