Trading is risky, be conscious

[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?

People like that can be said to be lazy people who don't want to go through the basic learning process in the world of cryptocurrency. They think and think that it's that easy to get a profit here. They don't think there is a proper process to get it. And this is a process they don't want to go through because they want to make money.

The more they become aggressive or in a hurry to make money, they are the ones who approach the spear of the arrow so that they can be hit even if the holder of the arrow who will stay with them has not released it. This is the problem with others who are lazy but want to make money. This is the thought of an ignorant person.

[shinratensei_]

Trading is kind of science where it could be blessing on your life you have sufficient knowledge as we as ideas for how to apply. Lack of knowledge could be reason of losing everything and trading might be turn into curse in life. Dreaming about being rich is easy but there are a lot of things need to reach there in the whole journey. I advice newbie to learn, practice demo and gain experience, patient, self control by that and then good to go

I think its more of talent and aptitude, if someone gifted with stable mentality they might excels at their career in trading journey.
meanwhile if someone is not emotionally stable enough they'd just outright throw everything they have thinking they'd made a fortune but we know trading is most often full of manipulation that an ordinary retailer couldn't even dream to contend against.
trading is indeed risky, it could cause massive loss if someone trying to make fortune in this field aren't really talented enough to make analysation, my take is that only trading with sufficient knowledge.
because otherwise there are bigger fish out there that are ready to eat all your capitals.

[Gladitorcomeback]

Some people suffer losses in trading, because they make mistakes due to ignorance of market fluctuations and lack of experience in trading.therefore, only the market or trading cannot be blamed for the loss. Everyone advises people to try to learn first and start trading after gaining a good experience and expertise. Of course, there are risks in trading, but every business involves risks, therefore we should not scare anyone so much that they stop thinking about trading.

it is never possible for you to make only profits and never experience losses. This is the crypto currency market, there are both profits and losses but good traders should always increase their profit margin. So we should encourage people and give them useful information and methods about trading, to increase their interest in trade. If we scare  people with things like risk, ruin, losing everything, then newbies  won't even go near trading instead of getting experience in trading.

[barisbilgili]

I think its more of talent and aptitude, if someone gifted with stable mentality they might excels at their career in trading journey.
meanwhile if someone is not emotionally stable enough they'd just outright throw everything they have thinking they'd made a fortune but we know trading is most often full of manipulation that an ordinary retailer couldn't even dream to contend against.
trading is indeed risky, it could cause massive loss if someone trying to make fortune in this field aren't really talented enough to make analysation, my take is that only trading with sufficient knowledge.
because otherwise there are bigger fish out there that are ready to eat all your capitals.

Those who have a lot of experience in the field of trading and also have a stable mentality in trading will of course find it easier to analyze market conditions so that they can get the profits they can get from the trades they make. Yes, you are right, it will not be easy to make a profit from the trades we make, it requires a lot of experience and also a strong mentality to be able to trade well because if we can't do it well of course we will lose our money in the trades we make do.

[Peanutswar]

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?

Trade as default is risky, but if you are a trader with enough knowledge and experience those risks can be lessened, those techniques and strategies you know can now be applied to your current trades. To the newbies want to trade, invest in knowledge because this is the key to success in trading, learn different patterns and strategies to make you grab every opportunity in the market.

Some people suffer losses in trading, because they make mistakes due to ignorance of market fluctuations and lack of experience in trading.therefore, only the market or trading cannot be blamed for the loss. Everyone advises people to try to learn first and start trading after gaining a good experience and expertise. Of course, there are risks in trading, but every business involves risks, therefore we should not scare anyone so much that they stop thinking about trading.

One of the factor why most of the traders quit because they cant make a risky anymore we know trading is a charge to learn but they can try their trading strategy using the free trades just trying to make a trade with paper money so if they are now confident with their own built strategy they can make another trade to identify if this is work well to them.

[Assface16678]

it is never possible for you to make only profits and never experience losses. This is the crypto currency market, there are both profits and losses but good traders should always increase their profit margin. So we should encourage people and give them useful information and methods about trading, to increase their interest in trade. If we scare  people with things like risk, ruin, losing everything, then newbies  won't even go near trading instead of getting experience in trading.

Yes, you are right. Every experienced trader still suffers from losing trades and losing some money. Imagine when they are beginners in trading, right? Everyone, even a beginner who spends a lot of time and effort studying things needed in trading, will experience losing trades. This is because it is different in the real scenario; in the live trade, the market itself is unpredictable. Yes,  we can analyse and map our mappings in the chart or pit indicators, but still, we can't precisely and accurately predict the exact price where the price will start to increase, and until what price it will increase, there are still margins of error. In short, trading is a risky thing; it can't be helped if you lose money on it. The thing is, how will you cope and recover from the losses? That's what beginners should know; they need to learn to have a strong heart and strong mind because trading is not for weak-hearted people.

[Dickiy]

it is never possible for you to make only profits and never experience losses. This is the crypto currency market, there are both profits and losses but good traders should always increase their profit margin. So we should encourage people and give them useful information and methods about trading, to increase their interest in trade. If we scare  people with things like risk, ruin, losing everything, then newbies  won't even go near trading instead of getting experience in trading.

Yes, you are right. Every experienced trader still suffers from losing trades and losing some money. Imagine when they are beginners in trading, right? Everyone, even a beginner who spends a lot of time and effort studying things needed in trading, will experience losing trades. This is because it is different in the real scenario; in the live trade, the market itself is unpredictable. Yes,  we can analyse and map our mappings in the chart or pit indicators, but still, we can't precisely and accurately predict the exact price where the price will start to increase, and until what price it will increase, there are still margins of error. In short, trading is a risky thing; it can't be helped if you lose money on it. The thing is, how will you cope and recover from the losses? That's what beginners should know; they need to learn to have a strong heart and strong mind because trading is not for weak-hearted people.

Because basically whether you are experienced or even just a beginner in trading, the chance of loss will still apply to you, there is no statement that says that if you have become a professional then you will not experience losses, it is absolutely not an assumption that you should believe. Losses or loss opportunities are like being a trader's best friend in every session, you will never miss it, because basically every time there is something profitable there will also be a reciprocal, namely the risk of loss.

One of the reasons why we are a beginner who has spent a lot of time learning or even those who are experienced in the field of trading can never completely avoid the level of risk that can occur because yes as you said, market situations can always not be predicted perfectly even though you sacrifice a lot of time to sit in front of the monitor to see the chart that is happening. So trading is indeed an activity that is in fact risky, therefore we as traders are required to have good skills through some learning, prepare the best planning and management according to you, train mentally and psychologically to keep happening in every condition, prepare a budget that you can be responsible for and have full responsibility. None other than that all to be made a counterweight so that you remain safe in your trading session in the midst of the always volatile nature of the market, and with that it will make it easier for you to reach your profit target and also stop loss so that you avoid the name MC.

[knowngunman]

One of the factor why most of the traders quit because they cant make a risky anymore we know trading is a charge to learn but they can try their trading strategy using the free trades just trying to make a trade with paper money so if they are now confident with their own built strategy they can make another trade to identify if this is work well to them.

If you can not tolerate risk, I don't think trading is for you because there is no way you can runaway from risk when you are into trading. The only thing you can do is to learn how to manage your risk and finance during trading. Free trade as you suggest might also help but the problem some of us use to have while using demo account to trade is lack of concentration. We don't pay much attention to trade and risk management when using a demo account since the emotion is minimal because the money is not ours. But the truth is that, one must start from somewhere and you shouldn't allow the risky part of trading to scare you away from it. Learning is what matters and as you progress, you gain more experience.

[Fara Chan]

Those who have a lot of experience in the field of trading and also have a stable mentality in trading will of course find it easier to analyze market conditions so that they can get the profits they can get from the trades they make. Yes, you are right, it will not be easy to make a profit from the trades we make, it requires a lot of experience and also a strong mentality to be able to trade well because if we can't do it well of course we will lose our money in the trades we make do.

Those who have experience certainly already have basic trading knowledge in analyzing market conditions so that traders who have this clearly will not easily panic in carrying out their trades in any market conditions. Although in general there is no guarantee of making easy profits when trading, don't feel panicked and afraid to continue trading. I think traders like that will be more patient in seeking profits while recovering their capital which has been reduced through price corrections that often occur in the market.

[cafter]

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?

Learn the basics of technical analysis by watching youtube videos or read books. Begin trading with small amounts of money that you won’t regret losing. This will provide you with valuable experience.
Continue learning as you trade. Don’t overtrade. Follow your rules. Use stoploss. Be disciplined.
I highly recommend the book “Trading in the Zone.”

[Dimitri94]

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

For those who are new  they maybe consider trading is good business. For some, trading is a simple means through which a person can easily earn money. But the matter is definitely complicated for those who are actually trading. Maybe many have got a good profit by trading in the bullish market due to which he plans to trade with more encouragement. But when the market is bearish, the position of those traders gradually turns into a fragile situation. Many of them then leave the trading world. A new trader must know trading well first. One should have a good idea about how they will survive in adverse conditions. One of the things that works the most among new traders is emotion. If a trader can control his emotions then he can be very profitable in trading. A trader must know some basic things before starting trading.

[TakeItEasy]

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?

If the traders are newbies, they made some mistakes in trading as one of them is taking entry at a good point, for example, if the price of the coin is down and the market is in good condition then below the dip the person should buy some, but if he didn't go to buy at that position and when the price of that coin is going up if he buys at that time then it will be loss of his money as due to taking the entry at a bad time which is most common mistakes of the trader. Traders should make their ending point and starting point in a sense I can say that they should know their coin buying points and its selling points as well.
Only in this way they can get to the coin's perspective and they can get what they want also it minimizes the chances of loss in the trader for the trader. Also, he has more knowledge about that coin to control the way of its trading.

[DVlog]

If the traders are newbies, they made some mistakes in trading as one of them is taking entry at a good point, for example, if the price of the coin is down and the market is in good condition then below the dip the person should buy some, but if he didn't go to buy at that position and when the price of that coin is going up if he buys at that time then it will be loss of his money as due to taking the entry at a bad time which is most common mistakes of the trader. Traders should make their ending point and starting point in a sense I can say that they should know their coin buying points and its selling points as well.

A trader's entry and exit can be different from one another but the most basic and commonly used way is to buy at the support and sell at the resistance. If the market condition is good and it is not a bear market and coins breakout the resistance level then the trader can ride the rally. If this is in the middle of a bull run i would suggest that trader book profit in parts.

Only in this way they can get to the coin's perspective and they can get what they want also it minimizes the chances of loss in the trader for the trader. Also, he has more knowledge about that coin to control the way of its trading.

The only thing that can minimize a trader's loss is money management. Using stop-loss or other methods to minimize the loss might not work for everyone as those tools need to be used correctly. If a trader uses the stop loss at the wrong place token price can hit the stop loss and bounce back. Money management makes trading more efficient.

[barisbilgili]

Only in this way they can get to the coin's perspective and they can get what they want also it minimizes the chances of loss in the trader for the trader. Also, he has more knowledge about that coin to control the way of its trading.

The only thing that can minimize a trader's loss is money management. Using stop-loss or other methods to minimize the loss might not work for everyone as those tools need to be used correctly. If a trader uses the stop loss at the wrong place token price can hit the stop loss and bounce back. Money management makes trading more efficient.

It is important for everyone who trades to manage their finances well so that they can know when it is a good time to stop and take advantage of the trades they make, because if they cannot do this there is a possibility that we will miss the profits we have made so that we experience losses. And of course they have to understand well what they are doing so they don't make mistakes in implementing the strategies they use and we also have to be careful with market conditions.

[Pandu Geddon]

It is important for everyone who trades to manage their finances well so that they can know when it is a good time to stop and take advantage of the trades they make, because if they cannot do this there is a possibility that we will miss the profits we have made so that we experience losses. And of course they have to understand well what they are doing so they don't make mistakes in implementing the strategies they use and we also have to be careful with market conditions.

such things only happen to novice traders. I am sure that, because those who are experienced they will manage trades with good planning. although not all plans are suitable and provide benefits. but those who are more experienced will be calmer in making plans and they will reduce the risk of loss as much as possible. that's what professional traders do. while for those who are just learning, they seem to be in a hurry in planning and they are even inconsistent with the plans and strategies they use. panic easily and that is what causes them to lose their capital in a short time.

[CODE200]

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

For those who are new  they maybe consider trading is good business. For some, trading is a simple means through which a person can easily earn money. But the matter is definitely complicated for those who are actually trading. Maybe many have got a good profit by trading in the bullish market due to which he plans to trade with more encouragement. But when the market is bearish, the position of those traders gradually turns into a fragile situation. Many of them then leave the trading world. A new trader must know trading well first. One should have a good idea about how they will survive in adverse conditions. One of the things that works the most among new traders is emotion. If a trader can control his emotions then he can be very profitable in trading. A trader must know some basic things before starting trading.

I couldn't agree more. Only traders who knows the market and have been trading for quite a long time can survive the bear market. I mean, anyone can start and enter the trading world when everything is bullish, but only few can stay when the market is bear. And I would like to agree with you that every new trader should understand and be aware that trading is not always as generous as they think. Just like what other people say, "It's not always Christmas". Beginner traders have this mindset that when they enter the trading world, all they're going to do is to generate income and wealth from it. But that was just the surface level because trading is not as easy as what they think. Yes, it’s very risky and having no knowledge about it makes it riskier. So, if you really want to trade, I say that you must understand the risk and equipped yourself with proper knowledge and skills.

[God bless u]

Some people suffer losses in trading, because they make mistakes due to ignorance of market fluctuations and lack of experience in trading.therefore, only the market or trading cannot be blamed for the loss. Everyone advises people to try to learn first and start trading after gaining a good experience and expertise. Of course, there are risks in trading, but every business involves risks, therefore we should not scare anyone so much that they stop thinking about trading.

it is never possible for you to make only profits and never experience losses. This is the crypto currency market, there are both profits and losses but good traders should always increase their profit margin. So we should encourage people and give them useful information and methods about trading, to increase their interest in trade. If we scare  people with things like risk, ruin, losing everything, then newbies  won't even go near trading instead of getting experience in trading.

People are losing money in trading because of mistakes but the actual reason of their losses are that they don't acquire a knowledge from their blunders but repeat the same things every time. Trading will be profitable for trader if they realize their mistakes and then work to overcome these mistakes in future. If a person learn first and then trade then chances of losing become minimum but their is no possibility that after acknowledgement of everything you will get the reward. Not only newbies but experts also have some defeats because trading involved volatility which is the reason that most prediction of predictors are wrong.

Risk should be managed through strategies and if you want to be able of getting good return in trading then don't be afraid of losing money but learn how to minimize your losses. your will have profit and losses both but try to get the percentage of loss and win if your winning percentage is higher then trading is good for you otherwise trading can become a cause of your failure and your financial status will be effected through it.

[Best-mary]

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 would tell those newbies to take it slow, not rush. Maybe if they think they are been left out, they could try copy-trading as they keep venturing into other acts or if they think they don't like someone trading for them, they can try using Dual Investment. It is a very nice tool, and works like the DCA strategy it is a little bit safer than going all-in trading blindly

[lixer]

Some people suffer losses in trading, because they make mistakes due to ignorance of market fluctuations and lack of experience in trading.therefore, only the market or trading cannot be blamed for the loss. Everyone advises people to try to learn first and start trading after gaining a good experience and expertise. Of course, there are risks in trading, but every business involves risks, therefore we should not scare anyone so much that they stop thinking about trading.

it is never possible for you to make only profits and never experience losses. This is the crypto currency market, there are both profits and losses but good traders should always increase their profit margin. So we should encourage people and give them useful information and methods about trading, to increase their interest in trade. If we scare  people with things like risk, ruin, losing everything, then newbies  won't even go near trading instead of getting experience in trading.

Crypto trading or the market are not human's to talk and encourage people to try them so it isn't their fault if a trader will lose their money. Also we are not scaring anyone here. Rather what we do is only giving an extra pre-cautions about how risky trading was. But despite of it, many people are still not afraid to venture it. They can even trade hastily with only less or no knowledge at on all on their heads.

I won't ever encourage someone to do trading because I'm afraid that they will blame me once there is something wrong that happens with them. They can also annoy you and ask you a lot of questions about it. So always think twice guys before doing it.

[ndutndut]

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?

Crypto trading is not a get-rich-quick scheme. but in the long run, cryptocurrency is the only investment that makes sense because it is very profitable and also full of risks. Their best advice for beginners is to change this mindset first so that beginners know the signs and their goals in trading. Because without a change in mindset, everything will be in vain because you don't have a target and you can't control your emotions well so you quickly panic if something happens in the market.

For those who are beginners, they also need to know basic strategies that can help their investment steps because there will be many changes in the market so that we can understand when the market is bullish or bearish. After learning everything, they will know their own trading skills so they will get consistent profits.