Trading is risky, be conscious

[martyns]

I think the fact that often times trading is just pure luck should be taken into consideration, like how quite literally none of us knows that luna and ftx will eventually collapses like this and affect our investment so sometimes even with proper strategy we could still losing.
I guess as a newbie they should know that trading isn't all about the conventional trading strategy instead it's mixture of both luck and good strategy with proper planning.

Ofcourse,trading is very risky,and we really need a good strategy to be able to tackle it,not only for newbies,but for everyone who is into trading.It is very important to to have a matured mindset while going into trading,knowing that lose is one of the major things involved in trading.Trading is as risky as gambling,this is to say that one's money can go in less than no time.

before going into gambling,it is essential that one  embark on a research journey about a particular project,and know the skills involved in it before investing your money in it.

[1715584036]

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[1715584036]

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[Captain Corporate]

Sometimes it just doesn't worth it. I am in no means a rich person, but long term made me more money than trading. Sometimes you are just not smart in the way of trading, maybe its the math, maybe its the emotions, maybe it is something else but whatever it is that is required to be a good trader, I do not have it. Do not push yourself to be a great trader, maybe you will become one and if you do then sky is the limit for you and I applaud you on your talents and I hope you make a lot more money. But if you don't, just don't force it and instead focus on making money via long term investments.

[danherbias07]

My only advice is to try it first with just a small amount. Just because someone told him the profits are amazing, they should not jump in with risking large amounts. Try simulators, and do it over and over again until you reach a point where your confidence is high enough to start a $100 test for example.
Afterward, all will be learned thru experience.
We can give them all the advices as a veteran but that won't really be followed. Greed, chasing losses, and every emotion will happen and it should be learned by the trader firsthand because I honestly believe it cannot be taught.
Just be wise in every decision.

[yhiaali3]

From my personal experience, I advise beginners not to trade unless they gain sufficient knowledge and experience. This is not just theoretical talk, but rather through experience on the ground.

At first I thought that I learned trading just by knowing the basics, but later it turned out that this is not true, there are many things that can only be learned after gaining sufficient experience through harsh experiences.

Many of my friends want to start trading immediately when I tell them about my work, but I advise them to slow down because it is difficult to explain to them how difficult it is, they think that it is just that you buy cheap and sell at a higher price, but later they know that things are much more complicated than that.

[Rockstarguy]

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 about preparation to learn,  to have patience to wait for profit for the bull market and to face risk.  When one is not prepared for trading their are always challenges around that makes one feel frustrated and want to give up about trading.  People who don't have idea about trading but want to go into trading because they want to get rich quick in trading are not prepared,  and being not prepared will definitely come with a bad result at the end.

[tvplus006]

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

On a bullish trend, even a beginner who does not have sufficient knowledge about trading can make a profit from trading. In this case, it will be like a casino. But he will also quickly lose his money if luck turns away from him, and this will definitely happen to him, since trading requires knowledge, not just luck.

[ningrum]

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

On a bullish trend, even a beginner who does not have sufficient knowledge about trading can make a profit from trading. In this case, it will be like a casino. But he will also quickly lose his money if luck turns away from him, and this will definitely happen to him, since trading requires knowledge, not just luck.

Right and that's why it's important to have knowledge and skills,
trading is very complex so when we jump in without any preparation of course it will only waste time and will lose,
in trading do not expect to make profits easily and quickly.

[GreatArkansas]

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

Learn the basics. Because these basics are the foundation and core of everything in trading.
There is some newbie who wants to become one in just 1 night, but it's not possible. You must trust the process.

Another thing is "capital preservation", it's not always good to to trade, sometimes it's better not to trade than to trade for a trade that you are not sure, there are still lot of opportunity that is good entry in the future.

[Peanutswar]

Trading is not just a prediction if the market goes up or down its the knowledge base and experience base thing regarding executing a trade many people risk a large amount of money to have a good position to make sure there's no possible lose of their asset investment one of the major factor why people get a huge large amount of return is the flexibility of the leverage or risk management which is allowing the users or traders to lend some money for their position that's why having a pure intention, urge to learn and earn with the trading.

[ethereumhunter]

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?

They should be able to think calmly and not rush into the world of trading because they must have the skills to analyze before they trade. But most people who enter the trade use the signals from other people and immediately buy and sell them, and many of them lose because they get the wrong analysis.

If they can analyze well, they don't need to look for signals from other people because it doesn't make them feel confident to use it. And only by learning to analyze what they can do before starting to trade.

[virasisog]

Others take the risks in trading without knowing its real risk. They aim for profit and not because, with one wrong move, they can lose everything they have. If you are not fully equipped with trading knowledge, it's like you are going to fight a battle without any armor, and you will end up losing. So before entering it, you have to make sure that you know what you are doing. Experience will teach you how to trade the right way because you will be able to deal with the challenges of cryptocurrencies' volatility. If your goal is to get rich through trading, you still have to go through a lot because it will surely be a long journey.

[SquallLeonhart]

On a bullish trend, even a beginner who does not have sufficient knowledge about trading can make a profit from trading. In this case, it will be like a casino. But he will also quickly lose his money if luck turns away from him, and this will definitely happen to him, since trading requires knowledge, not just luck.

Right and that's why it's important to have knowledge and skills,
trading is very complex so when we jump in without any preparation of course it will only waste time and will lose,
in trading do not expect to make profits easily and quickly.

Without any type of experience or knowledge, only thing that could happen would be a loss, there is no way that we could make any type of profit at all. I am not saying that it is going to be just pure profit as soon as we are more experienced and know everything. Obviously, even the greatest traders make some losses here and there, which is why it's not a deal to lose sometimes.

But if you are a newbie, you are going to make a whole lot more losses and that's the trouble, you should not be losing that much money, it is not good for your finances. So before you start to trade, you should start to learn more about it if you can, it will definitely help you a lot in the long run.

[lixer]

My only advice is to try it first with just a small amount. Just because someone told him the profits are amazing, they should not jump in with risking large amounts. Try simulators, and do it over and over again until you reach a point where your confidence is high enough to start a $100 test for example.
Afterward, all will be learned thru experience.
We can give them all the advices as a veteran but that won't really be followed. Greed, chasing losses, and every emotion will happen and it should be learned by the trader firsthand because I honestly believe it cannot be taught.
Just be wise in every decision.

Yes, because not all have the same luck and knowledge. Maybe those people are just lucky and already have some knowledge when it comes to trading but you as a starter doesn't have it yet so the results that you can get is different from them. This is why we only need to use small amount first so that once we lose it, it won't be that hard for us to accept it. The amounts that we use can act as a fee for us to learn with our mistakes.

Simulators are great but I heard a lot of bad feedbacks about it. I think those people are shock that the results are different once they step in on the real thing. Greed chasing losses and emotions may not be taught but it's not wrong to give them a hint about these so that once they feel it, they will now try to control it immediately.

[Adbitco]

What i sight mostly from people is that they often fails to develop time to study and knows the principles that guides to a successful trading, sometimes it could be from poor mentorship and the desire to get started without properly finishing trading school before funding their accounts. Most people often think building a demo account from 10k to 100k has now rated themselves as a professional traders since they could make such progress with just demo what more of real account. My dear i would inform you that Real and Demo account aren't the same principle governing them, real account seems to be more tasking and riskier to trade with more especially if you aren't confident of yourself that much believe me or not you could be tempted to wipe your account within some days if time not taking. Besides trading isn't meant for everyone only dedicated individual could make it with trading.

[bounceback]

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

For beginners who want to trade, it is recommended to choose an exchange that has been proven to be safe and has many users before wanting to put funds in it because exchanges are needed by traders, both exchanges (Cex) and (Dex) after choosing the right exchange, then they are required to determine the coin / tokens that want to be traded by conducting fundamental analysis because coins / tokens that already have strong fundamentals can minimize the risk of loss for traders.

[jostorres]

From my personal experience, I advise beginners not to trade unless they gain sufficient knowledge and experience. This is not just theoretical talk, but rather through experience on the ground.

At first I thought that I learned trading just by knowing the basics, but later it turned out that this is not true, there are many things that can only be learned after gaining sufficient experience through harsh experiences.

Many of my friends want to start trading immediately when I tell them about my work, but I advise them to slow down because it is difficult to explain to them how difficult it is, they think that it is just that you buy cheap and sell at a higher price, but later they know that things are much more complicated than that.

Like it or not, there will always be newbie who will go against advices like this but let them. Sometimes they are the one who must make their own mistake before they learn. Learning the basics will also give us a basic knowledge. The basic of trading will be the buying low and selling high but this may not be enough.

We need to learn further so that we will know how to use the indicators and we will know how to do a technical analysis. People only see the profit or the outcome of other successful traders. If only they know how much money and time they allocate before they get there. I think they will think twice if they will still do it.

[Hamphser]

From my personal experience, I advise beginners not to trade unless they gain sufficient knowledge and experience. This is not just theoretical talk, but rather through experience on the ground.

At first I thought that I learned trading just by knowing the basics, but later it turned out that this is not true, there are many things that can only be learned after gaining sufficient experience through harsh experiences.

Many of my friends want to start trading immediately when I tell them about my work, but I advise them to slow down because it is difficult to explain to them how difficult it is, they think that it is just that you buy cheap and sell at a higher price, but later they know that things are much more complicated than that.

Like it or not, there will always be newbie who will go against advices like this but let them. Sometimes they are the one who must make their own mistake before they learn. Learning the basics will also give us a basic knowledge. The basic of trading will be the buying low and selling high but this may not be enough.

We need to learn further so that we will know how to use the indicators and we will know how to do a technical analysis. People only see the profit or the outcome of other successful traders. If only they know how much money and time they allocate before they get there. I think they will think twice if they will still do it.

Mistakes would be your best teacher or something that would really make you learn which is very the most basic concept on most people do really ending up.Its true that there are indeed times that we are really that stubborn or hard headed.We do go on ways which we do seem that we are really that right but on the time that reality would slap you hard then this is where you would really be making yourself
do able to learn and would realize that its wrong on what you are doing and you should have listened into those people who are far more experience but well lets just moved on and
improve ourselves because it is really normal for trading to be risky and something that cant be predicted which even professionals and veterans are still prone to mistakes and errors.

[yhiaali3]

Mistakes would be your best teacher or something that would really make you learn which is very the most basic concept on most people do really ending up.Its true that there are indeed times that we are really that stubborn or hard headed.We do go on ways which we do seem that we are really that right but on the time that reality would slap you hard then this is where you would really be making yourself

Yes, that's why I always said that harsh experiences are the best teacher. A great loss that makes you hurt so much gives you a lesson that you will never forget not to make such mistakes in the future.

So this can be another lesson, which is that if you suffer a severe loss, do not despair and become frustrated and leave the work, but on the contrary, you must rise again and benefit from your mistakes, and so you will be at least as if you have obtained a practical training course paid for at a very high price by your loss.

[autumnleaf]

As a novice trader who is also new to the market, I don't have much to impart, but based on my experience, I would advise beginners to study the fundamentals of trading first and start with tiny sums of money in order to get experience and test their strategies.

[wxa7115]

As a novice trader who is also new to the market, I don't have much to impart, but based on my experience, I would advise beginners to study the fundamentals of trading first and start with tiny sums of money in order to get experience and test their strategies.

It is the opposite, just because you do not have too much experience this does not invalidate your advice.

Novice traders sometimes refuse to listen to the advice more experimented traders give them, so the knowledge coming from someone which is experimenting the same struggle as them is exactly what they need since so many of them decide to trade without learning even the most elementary knowledge regarding the markets and how to take advantage of them.