Essential one to new traders in Crypto currency

[KingsDen]

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

I actually wanted to continue reading your great tips for newbies, but after reading your number one point, I gave up and decided not to go further.
Have you traded stocks before and compared to crypto trading?
I mean, cryptocurrency gives higher return of investment within a short time than stocks.
We are not even talking about Bitcoin. In this case, let us assume some altcoins that can make x10 within 12 hours. This can never be seen in the stock market.
Cryptocurrency is more volatile, more rewarding and more risky.
You totally missed the tips up and it can be misleading.

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1714520859

[Ziskinberg]

Well, I assume that the early days of trading are all about learning. And definitely, we can't assume as well that it has good trading results but for sure, losses and disappointment are gonna have to experience. We can't expect newbies to learn fast because even how many tips to read, no matter how much advice they've heard, it all be gone on their minds when they are in actual trading because what they have now is to find a way how to save their own.

I'd rather prefer to make their loss on their first attempt so they can feel and understand how trading really works and make not underestimate the volatility of the market.

[darewaller]

You are right on some things maybe even more if you want. But all of that is based on the ideal of a suitable trader in crypto trading. Because some people who are carried away by ambition actually fall down with considerable losses. The reason is when you are able to control your mind in crypto trading, all other aspects will be easy to control too. Beginner traders come with the aim of getting instant profits because they are matched with experienced influencers, as a result many conclude negatively that crypto trading is like gambling.

It's not wrong to have an ambition and all of us has it but what is wrong is when are rushing to get it that we are now doing the wrong things. We must realized that our ambition won't ran away so we must calm down as it helps us to think and act better.

The first thing that we must practice before we start learning trading is to control our mind (as you said) because once we can control it, we can now study more effectively and we can later on apply what we have learn. I'm very sure that we will like the early results that we will get. That is what we are talking about here. We are now ready on achieving our ambitions with the help of crypto trading.

[death69]

1.Crypto currency is not a stock market trading,you need to wait longer period as compared to the stock market.In stock,you can earn 5% in short period,but in crypto it take short or longer based on the market flow.

I actually wanted to continue reading your great tips for newbies, but after reading your number one point, I gave up and decided not to go further.
Have you traded stocks before and compared to crypto trading?
I mean, cryptocurrency gives higher return of investment within a short time than stocks.
We are not even talking about Bitcoin. In this case, let us assume some altcoins that can make x10 within 12 hours. This can never be seen in the stock market.
Cryptocurrency is more volatile, more rewarding and more risky.
You totally missed the tips up and it can be misleading.

Alright, stock trading might be yawn-inducing compared to the chaotic rollercoaster of cryptos. But remember, high stakes often come with high risks. Yeah, you could pocket some fast cash with altcoins that explode like a supernova. But what ascends must descend, and if you're reckless, you might be drowning in a sea of regret.

That doesn't mean you should steer clear of cryptos - no way! Just adopt a long-game mentality and make savvy choices rooted in thorough analysis and market patterns. So, dive into those altcoins, friend. Just keep calm, do your homework, and never forget that in the crypto jungle, there's no such thing as a surefire win.

[Botnake]

You are right that a person can only learn when he become engaged in practical use because just knowledge cannot teach you everything sometimes practice is necessary. Sometimes individuals of crypto does not succeed and are unable to get what he wants because he doesn't have any experience but he just read about it and hear about it through which one cannot get complete knowledge. Success will be only attain when you also engage in actual field and work for it by using your money.

And for someone to become a good and profitable trader, you need to experience losses at first so that you can easily adjust to the different market factors that could easily come unpredicted. While practical application is very much important in trading, as that will teach you how to make good market analysis through your various experiences as a trader.

[omgitsmehehe]

Well, I assume that the early days of trading are all about learning. And definitely, we can't assume as well that it has good trading results but for sure, losses and disappointment are gonna have to experience. We can't expect newbies to learn fast because even how many tips to read, no matter how much advice they've heard, it all be gone on their minds when they are in actual trading because what they have now is to find a way how to save their own.

I'd rather prefer to make their loss on their first attempt so they can feel and understand how trading really works and make not underestimate the volatility of the market.

Learning then earn, that's the main principles of trading. Newbies should undergone crucial crypto related studies before entering a trade. It's advisable to trade what we can afford to lose, because it's not respectable by any organization, it falls when it wants to, and pump when it wants to. Losing a trade is part of experience, because next time one wouldn't want to make the same mistakes that led to losing. Newbies are panicked whenever a trade is not going to their direction, they quickly close their trade.

[Zilon]

Every day some people get into the crypto currency trading.They come to know about cryptocurrency from their friends or relatives.They start trading with some capital and when the bear market comes,their balance will be reduced some value.After seeing a small loss,they will cash out the money and fly from crypto currency trading.The following steps will help such new people to avoid loss from the crypto currency trading.

Those set of persons are obviously not traders rather they were only taking advantage of the bull run. A real trader will make money irrespective of the trend be it bullish or bearish. And bear season is always the most profitable for traders this applies to traders who understands their trend interpretations well.

5.When the market volatility is high,the market flow will be maximum.You can get profit at any point of the market flow.If you are ready to hold for the longer period,the profit would be maximum then you had expected from your investment.

At this stage in crypto currency growth and expansion, especially Bitcoin it is not advisable to guarantee anyone maximum profit. It best to tell them their patience will yield results which is quite understandable and it takes extra skills to get profit at any point of the market flow. Crypto is one investment that requires more study than investing. The more we know, the more. Profit in Crypto isn't meant to be overhyped to avoid getting into trouble.