Trading is risky, be conscious

[tjtonmoy]

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

Learn the basic first.
Don't jump into trading thinking that you can make money quickly. It's not that easy as it seems.
Make your own analysis.
After learning the basic, you need to learn to analyze the market based on the price chart and history. That way you can get a good result on your trade.
Making sure to spend wisely on your trades.
Be sure to make a plan on how much you are going to spend and what's your profit target and how much you can afford to lose. Use stop loss to be safe from losing big amount.
Getting your emotion controlled.
Don't let your emotions control your decision. You know that the market will go up, but suddenly the market falls down a bit. Your emotion will tell you to sell at that point. But in the end the price will go up if your analysis is correct. The same goes for downtrend market.
And in the end, choose the best platform.
You need to choose the best platform for your trades. In order to keep your assets safe, choose something which will provide the best security and will keep your money where it belongs. You can also choose decentralized platforms for trading too. But it's totally up to you. DYOR.

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[milewilda]

yes trading is risky and everyone faces some difficulties while trading sometime they win and sometime they faces defeat. But if people manage their strategies and apply those planning through which they can get benefit so it will be easy to enhance their profits. Some people just focus on others ideas and others mind they work according to the other's thought so that's why they fail to get better outcomes. fruitful results will be achieved but for that you should be patience because not a single person become Millionaire in a matter of seconds hence every success needs time.

If you focus on others ideas, then you will have hard time figuring out why it didn't work and why you made a loss. If you knew what could be wrong, then you wouldn't trust others to begin with, you would end up doing your own, or at least not follow that other person since you would know what was wrong with it.

If you followed them, then you didn't know what was wrong with it, and when you lose money then you will be just blaming them for your loss and moving on to another person. It is much better to figure out what you could do yourself and that way you would be able to make a lot of profit and you would be figuring out what's wrong and fixing that to make more profit.

Its never been ideal for you to follow up someones idea or analysis when it comes to trading and its  true that you wouldnt really be able to figure out for yourself on what are thing things that you should be able to learn if you are the ones who do make out such analysis and made out your own ways on how to deal up with the market.This is why self experience and learning would be the best tool for you to make yourself
that effective and making yourself do able to learn and much more preferable on this way.Trading is indeed risky but this is something that you could really be able to handle out on your own
which it might takes time and lots of effort but once you do have a good grasp to it then you could really be able to sustain.

[martyns]

I believe every trader knows that before one will come out winning during trading,he might have developed a high sense of maturity,knowing fully well that in the trading game,there is high risk involved,and he won't be scared by the risk,he trades despite knowing that,and with good strategy,he can come out smiling.
To those people that don't know about trading,they feel it's so easy  to trade and get your desired money back  immediately,you must bare in mind that anything happens while trading.That is while you must strategies well,plan well and go in to trading while the coast is clear.

[Gladitorcomeback]

TRADING is not a scheme to get rich quickly and one thing is that a person should be aware of all the things  regarding trading whether it is failure or achievement.

A person should realize that that will always be good as well as some harsh results but never give away because only mistakes are the way through which a person can get experience.  

A person can achieve beneficial outcomes if he become active and think more accurately for the buying and selling during appropriate times.

[tvplus006]

...A person should realize that that will always be good as well as some harsh results but never give away because only mistakes are the way through which a person can get experience...

If you lose your deposit before you gain experience, you will have to start all over again. But next time you will not start with trading, but with training, which will allow you not to lose your money again. In this case, it will be possible to make a profit from trading and become one of those 5% whose trade is profitable.

[deathcode]

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?

That's right, many beginners think trading is an easy way to get rich quick but end up being disappointed.
Actually I feel sorry for some people who have thoughts like that.
As time goes by, with the convenience of technology and internet access, many people misunderstand the thought that trading is a get-rich-quick scheme.
Many new people jump right into the world of trading without first learning how it works.
Or even easily hand over their money to be traded by other people and finally they are deceived.
Someone sometimes cannot think clearly when it comes to how to get rich quick.

In my opinion for beginners who want to trade, it's best to get rid of expectations that are too high first.
Then expand your knowledge of trading.
After that trade small amounts first to increase experience.
No wealth comes easily. There must be enough intention, knowledge, effort and experience.

[Questat]

TRADING is not a scheme to get rich quickly and one thing is that a person should be aware of all the things  regarding trading whether it is failure or achievement.

A person should realize that that will always be good as well as some harsh results but never give away because only mistakes are the way through which a person can get experience.  

A person can achieve beneficial outcomes if he become active and think more accurately for the buying and selling during appropriate times.

We must have learned a lesson from committing mistakes in such a way, we will grow old in terms of making decisions and old enough to get affected by the FUDs. It is to realize that trading is not an easy job that we need to underestimate or even to be confident that we are sure to make money. Because without the deep knowledge of trading and skills, I was very certain that we never reach our goal instead, only we got losses. That is why we should be careful what we do and must adapt to the situation.

[GeorgeJohn]

...A person should realize that that will always be good as well as some harsh results but never give away because only mistakes are the way through which a person can get experience...

If you lose your deposit before you gain experience, you will have to start all over again. But next time you will not start with trading, but with training, which will allow you not to lose your money again. In this case, it will be possible to make a profit from trading and become one of those 5% whose trade is profitable.

I will say the summary of it all, is to devote out time to undergoes the training before any further establishment. And secondly when someone loses it funds for investment and it's what it's desperate to understand it will make the person to be curious to identify where the errors occur from. So any profitable traders undergoes examination of trading before becoming successful via trading. So mistake always be the encouragement factor to understand errors via trading.

[Zee27]

   I remember vividly in 2019 when I first decided to trade without any in-depth knowledge about trades and trading strategies and just as anyone would guess, I ended up losing my funds. Over the years I've learnt a few tips that has helped me become a better trader and I'm going to share them here to help newbie cryptocurrency traders.

1.There are various protocols of trades which means that the crypto market is a vast therefore it is important to do your research ensuring that you understand it before resolving to trade.

2. Due to the volatility of the crypto market, prices of cryptocurrencies are unstable and so it is of great importance that a crypto trader finds good trading strategies to enable him/her make the most out of the volatile market. Consider Spot Grid as one of them. This strategy automates buy and sell orders on behalf of the trader within a predetermined price level. This strategy captures more profit margin from market fluctuations, diversifies your investments and saves you time. Most exchanges, the likes of Binance, MEXCGlobal & KuCoin have incorporated this trading tool for their users to have a better trading experience.

3. Practice discipline as trading would test your level of discipline and avoid FOMO.

4. Learn from past mistakes.

[Kgdktac]

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 can be risky, especially for those who are new to the market. Here are a few pieces of advice for new traders:

Educate yourself: Before you start trading, it's important to learn as much as you can about the markets and the securities you're interested in. This will help you to make more informed decisions and understand the risks involved.

Start small: It's important not to invest too much money before you've had a chance to gain experience and become more comfortable with the markets. Start with small trades and gradually increase the size of your positions as you gain more experience.

Have a plan: As mentioned earlier, having a well-defined trading plan is essential for long-term success. This should include your goals, risk management strategies, and the methods you will use to make decisions about buying and selling securities.

Keep a record of your trades: Keeping a record of your trades will help you to evaluate your performance over time and make adjustments to your strategy as needed.

Be patient: Trading can be a volatile and fast-paced activity, it's important to remain patient and not make impulsive decisions.

Diversify your portfolio: Diversifying your portfolio can help to spread risk and reduce the impact of any one investment on your overall performance.

Seek professional advice: Professional financial advisors can provide valuable insights and advice to help you make informed decisions about your investments.

Risk management: Develop a risk management strategy and stick to it. It is important to have a strategy in place to limit your losses and protect your capital.
     trading is a skill that takes time and practice to master, so be patient and don't be afraid to make mistakes.

[LastKiss]

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 ask my friends why they want to trade if their reason is promising and looks convincing then I will teach them the basics of trading, but if they only want to earn quick money then I will suggesting them go gambling  , Well not everyone interesting in trading since they got no time to watch the candle move but my friend more prefer to invest in long term tho.

[Bholutefe]

Trading is one of the most profitable thing you can ever venture into while at the same time very risky. It is so risky that it could turn a million dollars into $5 within ga twinkle of an eye if care is not taken. One of the most affecting factor that makes a lot of traders to loose their money in trading is over-leveraging. The higher your trading account balance doesn’t mean that you over leverage. It is better you risk the amount you can afford to loose even if the market turns the other way round. It is not advisable to trade with a very high volume of leverage all because of getting a quicker and faster profit, that is why a lot of people lost their money to trading. Once you understand very well how the market works and with a very good amount of patience, then you will always see some positive outcomes on your trading.

[Silberman]

Trading is one of the most profitable thing you can ever venture into while at the same time very risky. It is so risky that it could turn a million dollars into $5 within ga twinkle of an eye if care is not taken. One of the most affecting factor that makes a lot of traders to loose their money in trading is over-leveraging. The higher your trading account balance doesn’t mean that you over leverage. It is better you risk the amount you can afford to loose even if the market turns the other way round. It is not advisable to trade with a very high volume of leverage all because of getting a quicker and faster profit, that is why a lot of people lost their money to trading. Once you understand very well how the market works and with a very good amount of patience, then you will always see some positive outcomes on your trading.

Without a doubt leverage is one of the causes why traders lose their money so quickly in this market, to begin with this market is already very volatile but for some reason traders do not think it is enough and they add leverage on top of it, a very dangerous move as if bitcoin moves too strongly against their desired outcome and they missed or forgot to add a stop loss they can lose all their capital in a matter of hours or even minutes.

[Hamphser]

Trading is one of the most profitable thing you can ever venture into while at the same time very risky. It is so risky that it could turn a million dollars into $5 within ga twinkle of an eye if care is not taken. One of the most affecting factor that makes a lot of traders to loose their money in trading is over-leveraging. The higher your trading account balance doesn’t mean that you over leverage. It is better you risk the amount you can afford to loose even if the market turns the other way round. It is not advisable to trade with a very high volume of leverage all because of getting a quicker and faster profit, that is why a lot of people lost their money to trading. Once you understand very well how the market works and with a very good amount of patience, then you will always see some positive outcomes on your trading.

Without a doubt leverage is one of the causes why traders lose their money so quickly in this market, to begin with this market is already very volatile but for some reason traders do not think it is enough and they add leverage on top of it, a very dangerous move as if bitcoin moves too strongly against their desired outcome and they missed or forgot to add a stop loss they can lose all their capital in a matter of hours or even minutes.

Its not bad to touch up leverage but it is really that recommendable on sticking not more than with 10x i should say.I have really that bad experience when it comes to huge leverage in futures which it would really

be fucked you up if you dont know on how to apply that risk management thing which is something  that you should really be minding because if you dont then it would be resulting into a disaster.
Trading is risky and it would be better to stick into spot and if leverage then go into those numbers above but there are people who are really that too impatient when it comes to their
positioning on where they do really prefer out on setting those high ones and treat it out just like a gambling which its never been that recommendable.

[mvdheuvel1983]

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?

Know you level of skill and expertise. Do not attempt to a new trading strategy you do not understand or is yet to fully grasp. You have to be self-aware and very disciplined too.
This is especially for those who jump into futures trading because they hear that people are making big bucks off of it and they want that too.

[Hypnosis00]

I believe every trader knows that before one will come out winning during trading,he might have developed a high sense of maturity,knowing fully well that in the trading game,there is high risk involved,and he won't be scared by the risk,he trades despite knowing that,and with good strategy,he can come out smiling.
To those people that don't know about trading,they feel it's so easy  to trade and get your desired money back  immediately,you must bare in mind that anything happens while trading.That is while you must strategies well,plan well and go in to trading while the coast is clear.

And traders must not rush and think about earning a profit in trading is too easy. Many traders had failed not because they had a good plan or strategies but also due to the unpredictable market movement. That is why we should not underestimate the market nor make ourselves easy to the situation because the truth is that trading is risky and could incur losses no matter what you do. We have to be careful with our decisions as well, many things happen with every mistake we do.

[Rigon]

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?

The easier the trading, the higher the risk. You can't profit very easily from trading platform. If you want to profit from the trading platform, you must take maximum risk. There are many traders who trade on speculation and don't follow the rules and lose their money anytime. For any person to start trading, first of all there are trading strategies, all those strategies should be known. Only then can a trader succeed in trading.
My advice for newbies is to learn about trading first. Then you participate in the trading platform. Trading platforms have certain rules and strategies that one should not participate in without knowing them.

[martyns]

There is nothing under this earth that is not risky,in as much as you are trying hard to make ends meet,you must undergo some risk to get to the height that you want.Likewise to trading,we know that trading brings fast money,but it is highly risky as well,and in order to avoid that risk or lessen that risk,you must strategies and be current and  smart enough to know the particular time you will trade your coin.And also putting in mind that it is a two way thing,either you win or loose,but try as much as you could to be on the winning side.

[Strongkored]

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

Nothing because there are so many suggestions and lessons that newbies can get by searching the internet, the most important thing is to implement every knowledge obtained consistently and change the mindset that trading is not a way to get rich overnight but can be a job that produces results that can be done consistently with sufficient knowledge.

[Pandu Geddon]

There is nothing under this earth that is not risky,in as much as you are trying hard to make ends meet,you must undergo some risk to get to the height that you want.Likewise to trading,we know that trading brings fast money,but it is highly risky as well,and in order to avoid that risk or lessen that risk,you must strategies and be current and  smart enough to know the particular time you will trade your coin.And also putting in mind that it is a two way thing,either you win or loose,but try as much as you could to be on the winning side.

The risks of crypto trading and investment are indeed the first thing that must be told to every beginner who wants to start trading or investing.
that's so they know, that indeed in crypto trading, there will always be a possibility of profit and a possibility of loss. so when they without enough knowledge and also without sufficient skills start trading. they are consciously aware that they are taking a risk for themselves.