Trading is risky, be conscious

[WatChe]

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

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

Everyone says that you need experience before doing trading but how anyone can get experience before doing actual trading? As far as my knowledge is concerned we can get necessary experience only by doing trading.
There are a few things that one needs to follow in order to avoid big losses (of course, we can't avoid small losses) like avoid subscribing to trade signaling groups, investing money in coins that are cheap in price etc.

[summonerrk]

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?

In fact, the answer is quite simple. An experienced serious trader comes to the market to increase his capital, not for entertainment. These are low emotional people. They are ready to wait for a profit for a year, or even three! Showing incredible self-control. The second type: people who put up a deal, and look at the price every hour. And when they get bored, they start moving the buy or sell levels, destroying their initial strategy. As a rule, these are beginners.

[jossiel]

In fact, the answer is quite simple. An experienced serious trader comes to the market to increase his capital, not for entertainment. These are low emotional people. They are ready to wait for a profit for a year, or even three! Showing incredible self-control. The second type: people who put up a deal, and look at the price every hour. And when they get bored, they start moving the buy or sell levels, destroying their initial strategy. As a rule, these are beginners.

Experienced traders have already controlled their emotions.

They will no longer be affected by the situation of the market and they are clear with their intentions and that is to win trades, no matter what the market situation is.

No one and nothing is going to trigger them unless they allow those triggering factors to make their emotions be moved.

[Dragon Btc]

Trading involves more than just making predictions about whether the market will rise or fall; it also requires knowledge and experience in order to execute trades. Many people take on significant financial risk in order to be in a strong position and ensure that their asset investment will not be lost. One of the main reasons why people get a hugely large return is the flexibility of the leverage or risk management, which enables users or traders to lend some money for their position. Having a sincere intention, urge to learn, and desire to make money with trading is therefore essential.

[Hamphser]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

In fact, the answer is quite simple. An experienced serious trader comes to the market to increase his capital, not for entertainment. These are low emotional people. They are ready to wait for a profit for a year, or even three! Showing incredible self-control. The second type: people who put up a deal, and look at the price every hour. And when they get bored, they start moving the buy or sell levels, destroying their initial strategy. As a rule, these are beginners.

It depends on what kind of trader you are because there are people who do really prefer on seeing profits on shortest time as possible but of course it isnt something that simple that someone could easily deal with.

Most of the time. who doesnt really like on seeing profits on shortest time as possible? Of course you would really be ending up on being impulsive specially when you are checking out the market condition everynow
and then which this one really makes someone do become impulsive and making up decisions which arent really that sensible at all.

Trading is risk and if you wont really be that conscious on what you are doing  then you would definitely experiencing lots of mistakes and errors.

[summonerrk]

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?

In fact, the answer is quite simple. An experienced serious trader comes to the market to increase his capital, not for entertainment. These are low emotional people. They are ready to wait for a profit for a year, or even three! Showing incredible self-control. The second type: people who put up a deal, and look at the price every hour. And when they get bored, they start moving the buy or sell levels, destroying their initial strategy. As a rule, these are beginners.

It depends on what kind of trader you are because there are people who do really prefer on seeing profits on shortest time as possible but of course it isnt something that simple that someone could easily deal with.

Most of the time. who doesnt really like on seeing profits on shortest time as possible? Of course you would really be ending up on being impulsive specially when you are checking out the market condition everynow
and then which this one really makes someone do become impulsive and making up decisions which arent really that sensible at all.

Trading is risk and if you wont really be that conscious on what you are doing  then you would definitely experiencing lots of mistakes and errors.

I think the words Experienced Trader and Quick Profit are incompatible. Only if he is lucky, but according to probability theory, then he is unlikely to see much profit in the near future, because one profitable situation will become less.
And I think that all trading on the market is a series of such Profitable Situations. Both in principle and unprofitable situations. And your success is built on the ability to see them and participate/avoid them.

[borovichok]

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 associated with risks, yet there are traders on the market that are profiting more from the industry. It's imperative to enter a trade with the right entry confirmation or to heed a trading signal that has an accuracy level of 70–80%. The best advice for newcomers is to practice discipline, consistency, and risk control. Because the market has a tendency to screw with our emotions, especially when we are losing trades, individuals should only trade with money they can afford to lose. It will take some time for a novice to become proficient in the market, but if they exchanged reliable coins, reaping the rewards wouldn't be too challenging since gains more than offset losses. For example, when I was a beginner, I studied diligently in order to grasp the entire trendlines strategy, which has been the major guardian for me. Trust me when I say, I don't regret anything because I've mastered the trading strategy. However, newbies should implement more trading strategies and apply the one that works for him or her.

[LUCKMCFLY]

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

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

Totally agree, a newbie must learn first before trading, and it would be good if he learned to understand the market, there are specialized books that teach that even before learning technical analysis, in which I always recommend reading Wyckoff's books, Livermore, Warren Buffet who are very well known authors and who leave their thoughts in their books.

These authors clearly have many books, I recommend reading all the ones they have published, it doesn't matter how old the books are, the strategies are the same for those times as they are now, because obviously they don't change, some may say yes, but no .

[Alisha-k]

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're stages to everything in life, in as much as you're determined to get to a certain height, it's very possible if you're focussed on it and try to learn this stages not jump into any one.
Also, you need to work on your personality as well, they're things that are not permitted of a trader, you're not to be in a rush to make money, trading isn't a get quick scheme, it has processes.

[BobK71]

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

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

Everyone says that you need experience before doing trading but how anyone can get experience before doing actual trading? As far as my knowledge is concerned we can get necessary experience only by doing trading.
There are a few things that one needs to follow in order to avoid big losses (of course, we can't avoid small losses) like avoid subscribing to trade signaling groups, investing money in coins that are cheap in price etc.

Trading requires holistic knowledge. A trader needs to acquire knowledge on various subjects. Along with trading knowledge, there should be various news of global business, politics and economy. When a trader is able to acquire good knowledge in the mentioned subjects then he can become proficient in trading. There is no end to knowing. Traders must constantly be up-to-date on everything.

[|MINER|]

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

Trading is always risky in all types of trading, but cryptocurrency trading in particular is extremely risky.  So, if you don't have the basic knowledge at the beginning, you will face losses while trading. So in the newbie condition, there will be a suggestion not to go into trading with any big investment, because sometimes the volatile market faces danger. And my suggestion for you in the beginning start with bitcoin it will be most safest and secure investment source for newbies. And always remember in mind that invest as much as you can afford to loose.

[Huppercase]

,

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?

All traders become gurus during bull runs because they are new, and most of them haven't experienced what it's like to be a trader during bear markets, which is why some of them fail in trading. Quick money can be made during bull runs, but only degen stay through hard times, which is what makes some traders benefit in all market conditions.
As a newbie, my advise is to always do things your own way, not to rely on other people's opinions before making a choice, and to be willing to give it everything because becoming a professional trader takes time.

[Bhig Daddy]

Risk, in general, extends beyond trading and includes all aspects of life. Traveling by land, sea, rail, or air entails a significant risk in and of itself, but for the purposes of this discussion, let's only focus on trading. Trading is a wealthy industry, but it's also quite risky. The main problem with trading is that many would-be traders prefer to focus on the rush of making quick money without putting in the effort to develop the necessary abilities. It's understandable that even experienced traders occasionally experience losses, but what matters in this situation is the capacity to record more profits than losses. Everyone unprepared to be a trader is afraid of seeing red in their trade history.

[summonerrk]

Risk, in general, extends beyond trading and includes all aspects of life. Traveling by land, sea, rail, or air entails a significant risk in and of itself, but for the purposes of this discussion, let's only focus on trading. Trading is a wealthy industry, but it's also quite risky. The main problem with trading is that many would-be traders prefer to focus on the rush of making quick money without putting in the effort to develop the necessary abilities. It's understandable that even experienced traders occasionally experience losses, but what matters in this situation is the capacity to record more profits than losses. Everyone unprepared to be a trader is afraid of seeing red in their trade history.

You always need to delve into the details and find out exactly what risk you will have, and what profit you will get with a good outcome. We take a lot of risks in life, and even more in the crypto currency market. The main thing is to have a cool head and be able to fix profits on time. It is not necessary that a huge part of the transactions be profitable. 60% is enough.

[Mahanton]

Risk, in general, extends beyond trading and includes all aspects of life. Traveling by land, sea, rail, or air entails a significant risk in and of itself, but for the purposes of this discussion, let's only focus on trading. Trading is a wealthy industry, but it's also quite risky. The main problem with trading is that many would-be traders prefer to focus on the rush of making quick money without putting in the effort to develop the necessary abilities. It's understandable that even experienced traders occasionally experience losses, but what matters in this situation is the capacity to record more profits than losses. Everyone unprepared to be a trader is afraid of seeing red in their trade history.

You always need to delve into the details and find out exactly what risk you will have, and what profit you will get with a good outcome. We take a lot of risks in life, and even more in the crypto currency market. The main thing is to have a cool head and be able to fix profits on time. It is not necessary that a huge part of the transactions be profitable. 60% is enough.

When we do involved with trading then consider the ff;

1. Emotion handling
2. Risk or Fund management

If you are really that having these major key areas on which you should really need up to enhance or having that good control then you do at least somehow
do able to handle yourself with this unpredictable market. When you are just tending to dive in with this unpredictable market then making yourself
aware at least on what are the basic or casual things that you would encounter and it is really just right that you should adjust with it.

[pgbit]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

For new traders, it's important to learn the basics of trading through books, online tutorials, and seminars. Don't invest all your savings at once, start small and gradually increase investments. Develop a trading plan based on goals, risk tolerance, and strategy, and stick to it. Utilize demo accounts to practice and test strategies. Manage risk with stop-loss orders and portfolio diversification, avoiding excessive leverage. Remember, trading is not a get-rich-quick scheme and success takes time, effort, and discipline. Learn from mistakes and stay patient.

[BigBos]

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 see this, especially young people who feel like they want to get rich quick, they are eager to get into the world of trading, I often notice that around me.
My advice to the most important beginners is the right mentality and maintaining a good mental scale, if you look at my experience when in the trading zone, ambition and regret exist almost every day because buying and selling decisions are not based on correct analysis and too much panic in make trading decisions.
What beginners usually do is they are greedy with small capital but want to make a lot of profit with several trades, while the daily market sometimes doesn't move far and again they always listen to influencers who talk without reviewing what is conveyed and comparing it with the data we have. get from the results of our analysis.
Profit management and loss management must also be determined so that they are healthy in trading and the point is that you don't have to take a lot of profit from trading, just a little but you have to do it consistently.

[carlfebz2]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

For new traders, it's important to learn the basics of trading through books, online tutorials, and seminars. Don't invest all your savings at once, start small and gradually increase investments. Develop a trading plan based on goals, risk tolerance, and strategy, and stick to it. Utilize demo accounts to practice and test strategies. Manage risk with stop-loss orders and portfolio diversification, avoiding excessive leverage. Remember, trading is not a get-rich-quick scheme and success takes time, effort, and discipline. Learn from mistakes and stay patient.

When you do  find yourself on trading then you shouldnt really be that confident that you could really be ending up on being profitable just because this is what you do have in mind which is really that very wrong.Sooner or later you would really be that realizing that this is something that very hard to be done and you should really be that conscious on what you are doing because this would really be resulting into lots of errors and mistakes if you arent really that minding that much on how to do it well.This isnt something that could really be easily be bared up by someone.
It does takes time and lots of efforts if we do speak about on being successful.

[Obari]

another important advice is to practice with a Demo account before using real money. a demo account allows you to trade in a simulated market environment, which will help you to gain experience and confidence in your trading strategies without risking any real money.

In most cases, trading with demo accounts seems deceitful because most times people trade on demo accounts recklessly with the consciousness of having nothing to loss and after few practices with successful trades on demo account, they tend to jump straight to trading in a real account and end up blowing their accounts and that is why I don't encourage people relating demo accounts to real accounts.

One thing people have to learn and take into consideration is risk management because it seems one of the major reason why people blow their trading account is poor risk management  and people really have to learn how to use the Take Profit (TP) and Stop Loss (SL) feature as this is one way to minimize loss.

[Altryist]

In most cases, trading with demo accounts seems deceitful because most times people trade on demo accounts recklessly with the consciousness of having nothing to loss and after few practices with successful trades on demo account, they tend to jump straight to trading in a real account and end up blowing their accounts and that is why I don't encourage people relating demo accounts to real accounts.

One thing people have to learn and take into consideration is risk management because it seems one of the major reason why people blow their trading account is poor risk management  and people really have to learn how to use the Take Profit (TP) and Stop Loss (SL) feature as this is one way to minimize loss.

A demo account is generally a separate issue, the benefits of using them are very doubtful. I doubted the usefulness of demo accounts long before I learned about trading, when I had a chance to try to bet on a demo account. The demo account does not give you the feeling of contact with real money, it is an irresponsible game where we can not lose anything, which means we cannot get real experience there. Trading with a demo account is also the same, it's just a game that doesn't teach us much.