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hyudien
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February 17, 2023, 10:43:26 AM
 #21

Both have their pros and cons, and frankly I would not recommend a newbie to be trading at all, not until they can decide on their own which approach is best for them.


Even if you have been a market participant for a long time and you have never entered a trade, when you enter a trade, you are still a novice because you have no knowledge of trading.

Newbies can still enter the trade, we all used to be newbies and to gain experience, we need experience. I support newbies in trading as long as they are passionate and willing to accept losses to learn. As a newbie, when starting to trade, you should start with the smallest amount of capital to limit risks because what we are aiming for is not profit but knowledge and experience.
100% agree with what you suggest. Because of that I often give lessons to beginners who want to learn trading at my place. They must prepare minimum capital and use that capital within a certain period of time. It doesn't matter whether they will win or lose, because at the end of the session when evaluating, what I emphasize the most is what learning they can get during the process of learning to trade. That way we will know what kind of trading mentality they form.

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February 17, 2023, 11:39:56 AM
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 #22


Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.

I think it could be followed like you suggested for newbies but believe me any body going into trading is going in for the money and not just to hodl a coin perpetually and this is the challenge of newbies because the experience they will have won't want them to keep hodling but they will want futures without proper knowledge of the market.

Anyway, if someone can keep differently some capital to risk in futures buying and selling at the same time then it could be fine to learn that directly, do some demo practice and start trading with very low risk and have some real life experience with it.
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February 17, 2023, 11:49:19 AM
 #23

Between future and spot trading which will you opt in for.
I'd go spot trading, even though you do have the experience and know the stuff on trading it doesn't mean you have to do future trading for bigger profit. I don't think if you want at least be "safe" with your money, then you should stick with spot trading to learn. The possibility of spot trading is endless and the profit you could get depends on how you perform, so stay away with future if you don't know what to do.

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February 17, 2023, 12:28:17 PM
 #24

I'd go spot trading, even though you do have the experience and know the stuff on trading it doesn't mean you have to do future trading for bigger profit.
But if you got the experience and know about the breakout/breakdown levels then why not ? I'd say go 80/20 on spot and futures respectively. Yeah I understand that futures trading is risky but it is extremely rewarding as well. Speaking from my own expirience, just have a sl in mind (never change it once set) and avoid futures on the news based days/events (like cpi data, fomc meetings, etc.) and you should be just fine. Just gotta learn to control greed in any type of trading.
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February 17, 2023, 12:33:53 PM
 #25

Newbie or veteran the spot trading is best cause its safe and less risky compared to futures, once you made enough profits and now you're in a stage to lose some money then go for futures or margins incase if you want to take advantage of your technical analytic skills along with your luck.

For a complete beginner in cryptocurrency space just don't start trading until you learn about everything and get some knowledge with demo account.









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February 17, 2023, 02:40:41 PM
 #26

It's extremely risky for beginners to begin trading with futures. When I first began trading, I only knew spot trading, but as time passed, I discovered future trading. I gave it a try and noticed there was money in future trading even with a small capital, so I began trading futures. I wasted all the money I deposited in my futures account, I moved all the money I had in my spot account to my future account, and I wasted it as well. As a newbie always avoid future's, spot trading is less risky compare to future, in spot trading you can easily hold your coin incase it dump, but you can easily get liquidated in future trading.
The risk is higher than futures trading than spot because we know all beginners come as spot trading because it will be a start for at the time of purchase he can hold until he finds the best price to sell while futures trading we must be able to have the skills to analyze market movements at any time so right now I'm more comfortable in spot than futures trading.

It's the same, often when I have assets on the spot, I'm transferred to futures trading because I'm always curious afterward, but the reality is that I always lose and my funds are drained, so I'm really not good at fast market movements while on the spot, I can be more relaxed looking at the graph.

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February 17, 2023, 03:12:26 PM
 #27

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
I think the choice will be determined by how the person has come to learn trading. For someone who learnt trading from a teacher, he may be influenced by the kind of trading that their teacher does and is more comfortable with. If you learn trading from a futures trader, you will have your interest in futures trading and not spots trading, but learning trading from a spot trader, Spot trading will be your interest, except for some cases where the teacher is very good with both spots and futures, and encourages you to start from spot trading because of the experience they have.

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February 17, 2023, 03:28:01 PM
 #28

@op it's always a good decision to choose which is basic and less risky so that you can learn a lot and of course at the same time you can get more experience gradually..so don't be hasty and focus on spot then if you see your self ready for making masive profits and to take the risk on futures trading then it's all up to you.  Not now, where in make a good decision for it.
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February 17, 2023, 03:41:56 PM
 #29

Both spot trading as well as future trading is risky and I thing that as compared to future trading spot trading is good option because on price prediction method no one can get profit as no one knows about it all of the individuals just make predictions.

In my opinion I just think that for each and every thing a person must have experience and knowledge without it they cannot achieve their desired objectives. For the newbies they should utilize minimum worth of cash and put it into spot trading rather than future trading as future trading can become a cause of one's failure.









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February 17, 2023, 04:00:36 PM
 #30

I would choose spot trading over futures trading because futures trading can be risky than spot trading. In spot trading, we only need to buy at a low price and hold it for a while or until the price can go up high and then we sell to make a profit. As long as we hold the coin, even if the price continues to decrease, we will not see a loss even though our investment will decrease in value. But we have the opportunity to see the price high again after the price gets a reversal, especially if the price can get a pump.

But in futures trading, if you don't buy at a low price when the price continues to decrease, your trading position may get liquidated and you will lose. Even if we immediately close our trades when the price decreases, it will make us suffer losses. So before you start trading, you should think about the risks you will take and if you are not prepared to risk those losses, then maybe spot trading is for you.

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February 17, 2023, 04:06:02 PM
 #31

Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.

I know how much attractive futures trading can be when you start trading but once you get into it, only then you find out it's dark side.
It feels good when you invest a small amount yet see good amount of profits using a higher leverage.
The reality kicks in when the market goes against you and you start losing your money rapidly.
You save your positions by adding more funds to the trade but at one point you eventually give up and the funds are liquidated.
This happens many times to many people and the only solution to futures trading is to use a stop loss every time you trade.

I have learnt my lesson and stay away from futures. I stick to spot trading and enjoy lower profits with a peace of mind.

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February 17, 2023, 05:03:34 PM
 #32

Both can be good ways to make a profit but of course with enough understanding and trading skills. For me, it's better to start with spot trading before doing the future. It will be a big risk to try futures without knowing how to do spot trading. I must say that futures aren't ideal for beginners and it will take time to fully understand it. If you don't want to have big losses in the beginning, stick to spot trading first.
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February 17, 2023, 07:33:10 PM
 #33

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.

You have said it all and that is the general thinking of traders with modest mindset. Only greedy people who are started out newly rush into Futures type of trading because of what gains they heard it gives. Spot is a little less risky but it does not give the type of profit or loss Futures give which can be traded both ways of buy and sell with your chosen risk level through leveraging. Futures trading requires enough trade practice unlike Spot.
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February 17, 2023, 08:01:55 PM
 #34

Both can be good ways to make a profit but of course with enough understanding and trading skills. For me, it's better to start with spot trading before doing the future. It will be a big risk to try futures without knowing how to do spot trading. I must say that futures aren't ideal for beginners and it will take time to fully understand it. If you don't want to have big losses in the beginning, stick to spot trading first.
I think we all started with spot trading because this was the basics of all trading. Futures and other types of trading are like the advance variations of it so they are only suitable for the advanced and professional traders due to the risk that entails on them but usually if there are more risks, the reward is also high and that is why many beginners are attracted and want's to begin with them.

They are like the equivalent of those newbies who want to invest on those hype/sh8t coins because they want to get rich quickly. Investing isn't bad though but as long as you start with the coin which are also suitable for the beginners i.e Bitcoin.

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February 17, 2023, 08:21:32 PM
 #35

Spot trading is relatively easy and the only way for newbies to dive into trading, futures trading is the advanced type of trading and it is reserved for professionals, those who have mastered the act of trading, though i understand that many newbies still dive into futures trading without proper knowledge of how things work, what they are doing is just gambling, not trading, anybody trading futures should first and for most how to trade the spot market, and if possible, start futures trading by first going through a demo account, trade a demo account for some months, use it to learn all that there is to futures trading before you start trading with real money.
This is how to really get prepaid to becoming a good and professional trader.

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February 17, 2023, 09:47:29 PM
 #36

It's the same, often when I have assets on the spot, I'm transferred to futures trading because I'm always curious afterward, but the reality is that I always lose and my funds are drained, so I'm really not good at fast market movements while on the spot, I can be more relaxed looking at the graph.
If you keep on losing money in future, then It will be better you go back to spot trading. Maybe it's because of the high profit that's in future trading, some people get addicted to future I don't really know why, even if they are losing money, they won't give up. Most people lose money easily on future because they are looking for high profit, they always ended over laveraging there trade and incase if the trade goes against them, they easily get liquidated, if you are trading future, make sure you are always using low laverage to trade, don't be greedy.

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February 17, 2023, 11:39:45 PM
 #37

Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
For newbies their progression should be from lower risk to higher risk and from longer time frames to shorter time frames, so at first newbies should just invest and hold their coins, then they could move to DCA and finally to buying the dip, once they have mastered all of that then they could become swing traders and finally day traders, now progression to the next phase should not be mandatory and they could just remain at whatever stage they feel the most comfortable, so starting their journey with either spot trading or future trading is a mistake in my opinion.

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February 17, 2023, 11:59:16 PM
 #38

There are options too if you are not comfortable with both, but as you have said, everything in trading consists of risks and you must understand risk:reward management before considering to trade futures or options against spot. Spot can teach you how to trade, while futures is shaky and can make you think that you are not made for these markets 'if you consistently lose'. So practice in spot and then consider going for futures or options.
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February 18, 2023, 02:37:00 AM
 #39

Spot trading should only always the start. How can someone even understand the concepts of Future Trading if don't know how spot trading works. Even professionals and experienced traders losing that much in Futures and that tells us how risky Future Trading is.

Eventually, newbies will come to the point that they are now ready to face the risk in Future Trading. That's the start of stepping up into new challengers. After learning both Spot and Futures, that's time traders will now choose what's their preferred trading.
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February 18, 2023, 08:13:45 AM
 #40

I just remember before that futures trading is not that famous; most you'll see in exchange is only spot trading, in which you just set a specific price to sell at or you can sell it immediately, and the only way to earn is when you buy at a low price and sell it at a high price, which unlike futures, you can profit both sides. Both have pros and cons, which I also don't have a problem with as we can get profit from them, and mostly both of them are what I am using, but for sure now a days, most new traders prefer futures as they can both trade in both ways.
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