Trading is risky, be conscious

[zahed]

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 is not money making machine where you getting only profit without risk. I think it's their non sense thinking they will get quick rick in trading,
It's really difficult business when you will start live trading but its also lucrative who are experienced and they know that how to control their money management in trading.

[fauzan Ichsan]

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 is not money making machine where you getting only profit without risk. I think it's their non sense thinking they will get quick rick in trading,
It's really difficult business when you will start live trading but its also lucrative who are experienced and they know that how to control their money management in trading.

for beginners, it is better to have a personal mentor, maybe it will be faster to understand it, and then you can combine it as you wish, of course, every beginner will start with trial trading, so that in the future they will have their own trading system that is comfortable for them, or imitate other people's trading systems the important thing is that it is comfortable to do, because basically we are trading, namely to get consistent profits and be able to trade in a healthy manner

[Timmzzy]

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 is not just risky trading is hard, i see a lot of trading courses out there and probably some influencers ripping off some newbies with huge amount of money for mentorship or some trading course, after than you just jump to the chart, place a trade and boom it goes against you big time and you start to question your strategy then you will understand the psychology that trading is not that simple.

[Rabata]

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?

I will agree with you that many people consider trading as an easy money earning scheme. But in reality there is no way to call trading is easy. A trader must acquire proper knowledge in order to trade. Some people fail in trading even after acquiring various knowledge about trading for a long period of time. There are also many who start trading without any knowledge and at some point lose their invested money and become bankrupt. So at the beginning of trading a trader must acquire various knowledge otherwise the chances of losing are vey high.

[TheSpiral]

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 is not just risky trading is hard, i see a lot of trading courses out there and probably some influencers ripping off some newbies with huge amount of money for mentorship or some trading course, after than you just jump to the chart, place a trade and boom it goes against you big time and you start to question your strategy then you will understand the psychology that trading is not that simple.

i an not in the favor of paying big just for basic trading course. You fill find lots of free course in Youtube. Basic learning is enough to start trading and then its totally on you how you start and how much you learn from your real trading. The real earning will start when you entered in the trading practically and then you will know, trading is not complicated task.

[Dessy88]

If you are inexperienced, everything in the crypto market will seem risky to you. But when you get older in the crypto market, you will appreciate first hand trading more. Actually trading will give you daily profit but investing will give you profit for a fixed period of time. Moreover, investing will help you a lot to become suddenly rich.

[Bushdark]

If you are inexperienced, everything in the crypto market will seem risky to you. But when you get older in the crypto market, you will appreciate first hand trading more. Actually trading will give you daily profit but investing will give you profit for a fixed period of time. Moreover, investing will help you a lot to become suddenly rich.

I think even think that the crypto market looks that risky to newbies or people that are new to it because that are always have the eagerness to take risks and learn and invest in the cryptocurrency. The problem is that we don't expect everyone that are new to cryptocurrency to have the patience to learn some important things about the market before investing in it. For those of us that have friends that are already in cryptocurrency and the making good profits from it.

When we even get into cryptocurrency, some of us then have the urge to make money too from it and this alot made some of us to make loses because we were too curious and zealous to make money too from the market. Cryptocurrency testimony can make some newbies to make serious mistakes because they want to start making money too from it.

This is why if we are giving newbies orientation about the cryptocurrency, we should not emphasize more on what they tend to gain from the market because, this alone can make newbies to be more interested in the profit making alone and not interested in learning the actual things that will be an eye opener to there success making money from the market.

[JahriMeayer]

Your words are right. If anyone think that trading is a way to become rich so fast then that person must be living in a fool's paradise as he unknown about existence of hidden trouble. Trading is like science, need deep knowledge and skill for that including experience for doing big deals and survive for long in market. Dreaming about being a trader, isn’t bad but need to be learn first. Need to be patient and Should start with low amount and need practice during first stage

[Uruhara]

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 for beginners who want to start trading on the crypto market is to only get into coins that are fundamentally strong and still have a growing ecosystem and projects that are still ongoing and continue to have improvements. At least if we trade on coins that have strong fundamentals then when the price goes down we can still hope that the price will go back up. In contrast to coins with weak fundamentals like meme coins which only rely on hype. when we play in coins that are fundamentally weak then when we have already bought above and the price starts to fall. So the potential for a rebound is very small. We tend to have to make choices to make stop losses to minimize losses. And other suggestions, of course you have to be adept at analyzing before starting.

[Farma]

Your words are right. If anyone think that trading is a way to become rich so fast then that person must be living in a fool's paradise as he unknown about existence of hidden trouble. Trading is like science, need deep knowledge and skill for that including experience for doing big deals and survive for long in market. Dreaming about being a trader, isn’t bad but need to be learn first. Need to be patient and Should start with low amount and need practice during first stage

well, actually, trading can make us get profits quickly, it's just that the risks are very big. a lot of people think this is easy, and trade large amounts, on obscure altcoins, and they end up getting risk instead of profit.
However, if you want to trade, try with minimal money and it doesn't affect the life we have when the money runs out. by practicing with minimal money, then you can see how trading works. it's very rare for a person to actually make a profit in a short time, especially if he's just learning how to do it.

[Mahanton]

If you are inexperienced, everything in the crypto market will seem risky to you. But when you get older in the crypto market, you will appreciate first hand trading more. Actually trading will give you daily profit but investing will give you profit for a fixed period of time. Moreover, investing will help you a lot to become suddenly rich.

I think even think that the crypto market looks that risky to newbies or people that are new to it because that are always have the eagerness to take risks and learn and invest in the cryptocurrency. The problem is that we don't expect everyone that are new to cryptocurrency to have the patience to learn some important things about the market before investing in it. For those of us that have friends that are already in cryptocurrency and the making good profits from it.

When we even get into cryptocurrency, some of us then have the urge to make money too from it and this alot made some of us to make loses because we were too curious and zealous to make money too from the market. Cryptocurrency testimony can make some newbies to make serious mistakes because they want to start making money too from it.

This is why if we are giving newbies orientation about the cryptocurrency, we should not emphasize more on what they tend to gain from the market because, this alone can make newbies to be more interested in the profit making alone and not interested in learning the actual things that will be an eye opener to there success making money from the market.

Whether you are a noob or a professional on which trading is always been that risky on which it would really be just that normal to have that kind of approach on you should really be that wise when it comes to trading positions and your entries or even with your selling point. Be conscious on things that supposed to be done on doing trading because you cant really just acquire this skill easily and it does really take that some time and would really be needing that lots of trials and errors before you would really be able to make yourself that seeing sustainable. Of course it would really be entirely be depending on your skills and capability because not
all would really be that ending up success into this type of career.

Your words are right. If anyone think that trading is a way to become rich so fast then that person must be living in a fool's paradise as he unknown about existence of hidden trouble. Trading is like science, need deep knowledge and skill for that including experience for doing big deals and survive for long in market. Dreaming about being a trader, isn’t bad but need to be learn first. Need to be patient and Should start with low amount and need practice during first stage

well, actually, trading can make us get profits quickly, it's just that the risks are very big. a lot of people think this is easy, and trade large amounts, on obscure altcoins, and they end up getting risk instead of profit.
However, if you want to trade, try with minimal money and it doesn't affect the life we have when the money runs out. by practicing with minimal money, then you can see how trading works. it's very rare for a person to actually make a profit in a short time, especially if he's just learning how to do it.

Rushing up yourself on becoming profitable cant really do something good but rather it would really be putting you in harm instead. This is why its really that a bad idea on making yourself
that in a rush because this would really be making out that kind of desperation which would really be resulting on non clear analysis and kind of realization on what are the positions that you should
really be making whether buying or selling.

[stomachgrowls]

Your words are right. If anyone think that trading is a way to become rich so fast then that person must be living in a fool's paradise as he unknown about existence of hidden trouble. Trading is like science, need deep knowledge and skill for that including experience for doing big deals and survive for long in market. Dreaming about being a trader, isn’t bad but need to be learn first. Need to be patient and Should start with low amount and need practice during first stage

well, actually, trading can make us get profits quickly, it's just that the risks are very big. a lot of people think this is easy, and trade large amounts, on obscure altcoins, and they end up getting risk instead of profit.
However, if you want to trade, try with minimal money and it doesn't affect the life we have when the money runs out. by practicing with minimal money, then you can see how trading works. it's very rare for a person to actually make a profit in a short time, especially if he's just learning how to do it.

When it comes to learning phase then it would really be just that a normal approach that you should really be making use of an amount which isnt really that big for you to start with because as a noob then you would really

be that definitely prone to lots of mistakes and errors on which it is really that a common approach.If you are really that mindful about your learning curve then spending small amounts should really be enough or sufficient.
You wont really be on your right mind on using tons of funds or capital when you are just starting up. Trading is risky whether you are a noob or a pro on which it would really be just that right that you should be that meticulous when it comes to your trading deal or something that do talks about this kind of activity. If you wont really be that someone whose conscious on what you are doing then you would definitely be losing
tons of money but well it is really that part of the learning process.

Always having that risks management and this is something that you would really be needing for you to be able to sustain because if not then you would be finding yourself losing tons.

[Rupok]

Trading is very easy as people think but actually trading is not that easy. First need to know about cryptocurrency, risk and trading strategy.  Newbies think that trading is very easy to get rich but they don't know that it has high risks.  Before really jumping into the world of trading, it is important to understand risk management and funding first because trading is just as easy to get rich as it is to get poor.Those who are professional in trading always like to take risk because they can recover the risk but beginners cannot recover the risk due to which they face loss very easily.

[promise444c5]

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?

I'm a newbie  but I have a little experience in trading , trading can be risky but you should risk something to get something in return now it depends on how you want to define your risk  which depends on your greediness  if you are not greedy  you can leverage  and get things set up

[RockBell]

The most important thing when trading is to trade carefully. Trading is risky enough. So we should take adequate precautions. Trade carefully by doing adequate research and adequate security checks on the platform you trade on. There are risks in every trading. However, if you are careful and do your own research, trade in the right place, this risk is greatly reduced.

While it is true that trading can be risky, it is also a safe haven within the same ecosystem. Different people engage in different types of trading, such as spot trading, which only loses money when the price is falling and necessitates a lot of patience because you only make money when the price is rising, and futures trading, which resembles gambling in that you either make money or lose the money while doing short and long and The problem arises when someone trades futures and the outcome is unfavorable because they will want to engage in revenge trading, which could result in them losing all of their money. This is a very bad habit. And taking  the right steps matters a lot and mostly importantly security and research if left out then the person is already in the danger zone.

[Uruhara]

Trading is very easy as people think but actually trading is not that easy. First need to know about cryptocurrency, risk and trading strategy.  Newbies think that trading is very easy to get rich but they don't know that it has high risks.  Before really jumping into the world of trading, it is important to understand risk management and funding first because trading is just as easy to get rich as it is to get poor.Those who are professional in trading always like to take risk because they can recover the risk but beginners cannot recover the risk due to which they face loss very easily.

The thing that beginners always miss before starting trading is thinking about the risks they face. Sometimes they focus too much on the good side. They are too focused on making big, fast profits. But they slightly ignore the big risks they face. Usually they will come to their senses after they have had a few unprofitable trades. And you are right that risk management must be studied and mastered before we enter into trading. Because without risk management, a person is prone to experiencing much higher losses. And yeah like you said. They will not easily recover the losses they face. In contrast to a reliable trader who trades with a mature strategy and management. which allows them to maintain stability of trading capital such as limiting losses with stop losses and such.

[Jody.Drummer]

Trading is very easy as people think but actually trading is not that easy. First need to know about cryptocurrency, risk and trading strategy.  Newbies think that trading is very easy to get rich but they don't know that it has high risks.  Before really jumping into the world of trading, it is important to understand risk management and funding first because trading is just as easy to get rich as it is to get poor.Those who are professional in trading always like to take risk because they can recover the risk but beginners cannot recover the risk due to which they face loss very easily.

The thing that beginners always miss before starting trading is thinking about the risks they face. Sometimes they focus too much on the good side. They are too focused on making big, fast profits. But they slightly ignore the big risks they face. Usually they will come to their senses after they have had a few unprofitable trades. And you are right that risk management must be studied and mastered before we enter into trading. Because without risk management, a person is prone to experiencing much higher losses. And yeah like you said. They will not easily recover the losses they face. In contrast to a reliable trader who trades with a mature strategy and management. which allows them to maintain stability of trading capital such as limiting losses with stop losses and such.

Well, and almost all the beginners who came, mostly the goal is just to make a profit, I will say something that is true to the facts and includes myself, at first I was also tempted to start because I saw the big profits that other people got. However, in my opinion, this is only natural and may have become commonplace in the eyes of other traders. And they will realize it when they experience a loss, but that's good because it will be a reference for them so that something like that doesn't happen again. That's right, basically there are a lot of things that we have to prepare to be able to trade here, as you said in the form of risk management. But in self-control I will emphasize more on them, that they have to train their minds more. As we know trading activity is closely related to psychology and also calm, so you must be able to train yourself to get used to making peace with yourself or existing conditions. Because there are so many cases of losses that occur because they cannot maintain their mental and psychological health, those who have experienced a number of losses in the past then make it difficult for someone to think so it is also difficult to make the right decision. Many then experience MC because of problems like this.

[Twentyonepaylots]

The thing that beginners always miss before starting trading is thinking about the risks they face. Sometimes they focus too much on the good side. They are too focused on making big, fast profits. But they slightly ignore the big risks they face. Usually they will come to their senses after they have had a few unprofitable trades. And you are right that risk management must be studied and mastered before we enter into trading. Because without risk management, a person is prone to experiencing much higher losses. And yeah like you said. They will not easily recover the losses they face. In contrast to a reliable trader who trades with a mature strategy and management. which allows them to maintain stability of trading capital such as limiting losses with stop losses and such.

I completely agree with this. It's crucial to bear in mind that trading in cryptocurrency can be quite risky. It's always better to start small and be patient rather than jumping in and trying to make huge profits right away. Instead, it's important to focus on building consistent gains over time. Have a solid risk management plan, and never let your emotions dictate your trades. Staying disciplined, staying informed, and focused on your long-term goals are the key players to a higher success rate in crypto trading.

[shivansps]

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?

Beginners who want to get rich should remember that everything is not as simple as it might seem, but nothing is impossible here. First you need to understand whether this is your business and whether you want to do it. Also, don't rush. The best advice I would give is this: take $200 and train with that money in small amounts. Advise, ask, learn everything about trading.
Never use money you can't afford to lose, i.e. don't enter a trade with your last money for life. Have patience. Try to have fun.

[shivansps]

Trading is very easy as people think but actually trading is not that easy. First need to know about cryptocurrency, risk and trading strategy.  Newbies think that trading is very easy to get rich but they don't know that it has high risks.  Before really jumping into the world of trading, it is important to understand risk management and funding first because trading is just as easy to get rich as it is to get poor.Those who are professional in trading always like to take risk because they can recover the risk but beginners cannot recover the risk due to which they face loss very easily.

The thing that beginners always miss before starting trading is thinking about the risks they face. Sometimes they focus too much on the good side. They are too focused on making big, fast profits. But they slightly ignore the big risks they face. Usually they will come to their senses after they have had a few unprofitable trades. And you are right that risk management must be studied and mastered before we enter into trading. Because without risk management, a person is prone to experiencing much higher losses. And yeah like you said. They will not easily recover the losses they face. In contrast to a reliable trader who trades with a mature strategy and management. which allows them to maintain stability of trading capital such as limiting losses with stop losses and such.

Well, and almost all the beginners who came, mostly the goal is just to make a profit, I will say something that is true to the facts and includes myself, at first I was also tempted to start because I saw the big profits that other people got. However, in my opinion, this is only natural and may have become commonplace in the eyes of other traders. And they will realize it when they experience a loss, but that's good because it will be a reference for them so that something like that doesn't happen again. That's right, basically there are a lot of things that we have to prepare to be able to trade here, as you said in the form of risk management. But in self-control I will emphasize more on them, that they have to train their minds more. As we know trading activity is closely related to psychology and also calm, so you must be able to train yourself to get used to making peace with yourself or existing conditions. Because there are so many cases of losses that occur because they cannot maintain their mental and psychological health, those who have experienced a number of losses in the past then make it difficult for someone to think so it is also difficult to make the right decision. Many then experience MC because of problems like this.

Recently, a friend of mine who doesn't trade yet said that if he had money, he would be able to get rich in crypto. I asked him what he meant. The answer was brilliant. He says, I will buy coins that are in the red zone, the price of which has fallen a little, hold them and then when the price rises, I will sell at a high price. In other words, he said, I would buy low and sell high. Brilliant plan) I tried to explain to him that everything is not so simple, but I'm not sure that he understood me