Trading tips that helpfull for beginners

[Stormbreaker01]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Design making:
There are two types of designs making people first emotional than can panic and sell when the marked down. And the other one is a person that never panics and trades like a professional  according to the strategy if sees that he is going to lose he starts holding long term

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

Secure investment:
There is lot of ways to scam you need to be aware of them and make sure your account didn’t access by anyone make it secure by password, and OTP(one-time password), and never share your recovery phase with other.

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[Ojima-ojo]

Nice beginner guide and advice,  but you failed to mention an important point that can help the beginner to minimize the risk involved in trading and reducing losses which are to trade with a small amount as a beginner and not get greedy by putting in large sums of money because of the potential profits most especially in future trading which is almost same as gambling.

[Good_Doctor]

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Obviously the "point-of-copy" won't add that you don't get to learn about bitcoin market and trading by reading mere books and articles but also you should be prepared to meet new trends meaning as you go into the Bitcoin market you go with FLEXIBILITY and readiness to learn new ideas and unlearn old and stale ideas then you can be on a safer side of this market too!

[Zaguru12]

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

This is one of the biggest challenges in trading, finding the perfect exchange, the best would have been decentralized ones, but they don’t have much liquidity and also many trading features like the centralized ones. Then the centralized ones no matter how reputable they are defeats the purpose of anonymity and privacy through collection of KYC details, with also the risk of losing your funds when they get compromised.

The best way to beat this when trading on centralized exchanges would be using two or more of the top exchanges. This way one will be able diversify there funds into many different exchanges and as such minimizes the risk of closing everything when a particular exchange get compromised.

[yudi09]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
Demo account :
Trading Strategy:
Risk Tolerance :
Design making:
Reliable exchanges:
Secure investment:

For the first point, I think it's okay. Anyone needs to have knowledge before entering the trading world because with knowledge people will find what they should do to achieve goals in trading.

Are there any other tips that you didn't include?
Because in many search rooms I often find tips like this that are made for beginners.
Maybe like the level of consistency of a trader in pursuing his trading activities and risk management.
Other tips like don't trade using borrowed money.

Investments that provide a level of security IMO are in Bitcoin. Investing in Bitcoin is not a scam.

Nice beginner guide and advice, ... ...

Beginners give tips for beginners. A quote I once heard. But I am a person who sees things not from appearances.

[Hyphen(-)]

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

This is one of the biggest challenges in trading, finding the perfect exchange, the best would have been decentralized ones, but they don’t have much liquidity and also many trading features like the centralized ones. Then the centralized ones no matter how reputable they are defeats the purpose of anonymity and privacy through collection of KYC details, with also the risk of losing your funds when they get compromised.

Exactly! Additionally, the few exchanges that permit trading without KYC may offer less liquidity and inefficient trading features that a trader need, which is why most traders prefer reputed exchanges that require KYC before trading on them.

While good and reputable centralized exchanges have good trading features, KYC requirements make them a no-go option for traders that cherish their privacy due to trust issues.

The best way to beat this when trading on centralized exchanges would be using two or more of the top exchanges. This way one will be able diversify there funds into many different exchanges and as such minimizes the risk of closing everything when a particular exchange get compromised.

Can this be the possible solution?

I just feel it may minimize the risk of losing your money at once because anything can happen with centralized exchanges at any time; therefore, I will prefer to buy and hold Bitcoin for the long term rather than risk my funds on CEX.

[RewFrew]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Design making:
There are two types of designs making people first emotional than can panic and sell when the marked down. And the other one is a person that never panics and trades like a professional  according to the strategy if sees that he is going to lose he starts holding long term

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

Secure investment:
There is lot of ways to scam you need to be aware of them and make sure your account didn’t access by anyone make it secure by password, and OTP(one-time password), and never share your recovery phase with other.

Many many thanks for your instructional post for beginner. I think this instruction is very important for beginner and older. For start trading we have to know many things which you explain nicely. For start trading we have to know and Learn about cryptocurrency market,  and market strategy and it’s market where we trad and your mentioned. If beginner follow this he will be profitable from trading. Without proper knowledge shouldn’t start trading. If anyone start without proper knowledge traders will lose his valuable fund. So we have to follow this instruction to start trade.

[Text]

These are important trading tips for beginners. It's crucial to stay informed, have a strategy, choose reliable exchanges, secure investments, be wary of scams, continuously learn, stay disciplined, have patience, manage your emotions, be prepared to adapt to changing market conditions, always prioritize risk management for long-term success, and remember that trading is a journey that requires perseverance and continuous improvement. They should appreciate this advice and guidance!

[jossiel]

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Beginners won't understand this too early. What they need to have is to have more experience and gain more knowledge through it and then this will be learned.

This also includes the amount that they want to trade and to start with because not everyone starts big already and that's the entire process that a beginner should go through.

[palle11]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

This is a basis for learning how to trade. A trader should be ready to read on trading materials and that shows interest in the first place. Someone who wants to trade will be ready to make effort to sacrifice time for what he wants. While trading to trade, you will have internet, zeal and commitment. Someone who is not committed at slightest discouragement at trade will give up so it is better build your zeal from foundation because trading is not a tea party.

[Yamane_Keto]

Good advice, but why did you make it general, as it can be suitable for all types of trading and not for bitcoin trading? You can say that I recommend specific YouTube channels that talk about bitcoin trading, and the following demo accounts. I do not like those who trade according to trading signals to make trading orders. the use of OTP is from a phone other than the device you use mostly.

[Hamza2424]

Nice beginner guide and advice,  but you failed to mention an important point that can help the beginner to minimize the risk involved in trading and reducing losses which are to trade with a small amount as a beginner and not get greedy by putting in large sums of money because of the potential profits most especially in future trading which is almost same as gambling.

Hmm, your comment is also nice, I'm wondering how a newbie can invest a large amount as he is not familiar with the market by nature. Still, if the person who heard about huge gains in the crypto market can invest a lot of money in his/her stupidity in greed, No matter how much we will explain to him/her about the risks he won't understand except the 1% of the total.

Hmm for future trade I am with your view as this is the most common view so it isn't your view haha just kidding. Bu here again a person who is dreaming to make million by single trade won't understand your friendly advice still I think Op should consider risk management.

[Dr.Bitcoin_Strange]

all these are valid points to guide a beginner in trading, but the most important of all is having primary knowledge about trading, which is your first point. some newbies to trading do have some kind of thoughts about trading as something that can save them from poverty, and the only reason they could have such thoughts is when they don't really have good knowledge about trading. for someone who has no better knowledge about trading, they cannot even think of how to work on develop their own strategy; some of them will only rely mostly on copy trading, which is not a very good way of trading.

[palle11]

for someone who has no better knowledge about trading, they cannot even think of how to work on develop their own strategy; some of them will only rely mostly on copy trading, which is not a very good way of trading.

This is not a good representation of newbies. It is derogatory to say newbies can't think of how to develop their own strategy. They are new in trading and does not understand what is happening. Just like any other thing that we are trying to learn. Every newbie is a potential experienced trader if they go through the learning process, acquire knowledge and skill.

[Nrcewker]

I would say knowledge plays an important role in trading. Be it crypto, forex, or stock market trading, if you don’t have the knowledge,  you will definitely make losses. So it’s important that you be familiar with the trading terms, the basic algorithms, and have immense knowledge of the crypto space. Apart from knowledge, the most important thing is risk management. If you master the art of managing the risks, then you will definitely make good profits from trading. And when you are starting to trade, invest only the amount you can afford to lose.

[Bananington]

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

It is not a must that every trader must practice trading with demo accounts. It is just advised that you start with demo trading because of the lessons that can be learnt from it before trading really and to avoid financial lose. If a trader who is new can handle the losses financially from not trading on a demo account or not having enough patience to demo trade, then they can start trading normally and then handle the losses and struggle to beat the disappointment that comes with the failure of not having the patience to learn. It is still possible to learn through it, but it will only be if you are strong willed and financially capable.

[ZAINmalik75]

You pointed out some good tips and these will definitely help beginners but these tips looks easy to follow but only the first one of knowledge about trading is difficult for everyone. Because in order to get knowledge we have to get TA and FA knowledge and we have to remain unbaised from all types of news and fuds created in the market.

Using demo accounts is best tip and i think newbies should also read other charts too, for example many people on Tradingview share their opinions and predictions with chart analysis and if a newbie started to understand it slowly. He will be able to find his own personal trading strategy one day. And could make huge profits.

But, as i said before these tips looks easy but they are not each tip contains other sub category tips. Which is just like a tree and its branches are keep increasing.

[WatChe]

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

If you are new to trading then my only advice is do not invest all your capital initially. Rather start with small money unless yoj have enough knowledge and experience to tackle wild fire of crypto trading against your capital.
Demo accounts is good to gain experience but you get real time experience only when you put your capital on the line. Start with small money once you are done with Demo account.

[teosanru]

I think this is pretty much the primary steps that anyone has to take in order to become a trader. But these few steps have been summarised here very small. These steps will take you through a grilling journey of months or even an year or so. Most of the people will fall in between the journey and mostly will not be making anything in trading, infact juet keep on counting how much would you lose.

[Dr.Bitcoin_Strange]

for someone who has no better knowledge about trading, they cannot even think of how to work on develop their own strategy; some of them will only rely mostly on copy trading, which is not a very good way of trading.

 It is derogatory to say newbies can't think of how to develop their own strategy.

Every newbie is a potential experienced trader if they go through the learning process, acquire knowledge and skill.

No offence, mate, but read again. I said that someone (a newbie trader, perhaps) who is not knowledgeable about trading (who doesn't have the primary knowledge) would not be able to derive their own strategy. E.g; Someone who is going to the farm must go with a spade, shovel, or cutlass, so someone who wants to become a real trader would need to learn the primary knowledge about trading before they can develop their own trading strategy.
There are some by-force traders who are dealing in copy trading or using bot signals; such traders don't have their own strategy.

I agree with you on that. Sure, learning and practising makes perfect, and any newbie that is consistent in learning how to trade will definitely become successful at it, despite the fact that trading is not just what always earns traders profit all the time.

[MFahad]

All the points are very necessary and one who will follow these rules will get big profit easily. First of all individual have complete command on what he choose and have overall knowledge because if you don't realize the actual thing then you will face many difficulties as getting profit in crypto is not an easy task.

You should know that risk will always be there and if you take any wrong decision due to risk then don't think it as a last step towards success but this mistake will open new ways of learning and acquiring knowledge which aids in your bright future.

Selection of project should be make with wise mind because it will select whether you have to get profit or not.

[jeraldskie11]

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

It's challenging to find a YouTube strategy that works for you. The majority of the material there is incomplete, which is why it is confusing us. I tried it before and discovered SNR and confluence with EMA 50 as dynamic resistance and support. I made money at first, but I gradually lost it because you don't just jump into the market and find those strat to entry; you have to analyze at the macro time frame first to identify the trend and then find a setup in the lower time frame that has the same trend as the macro.

[Russlenat]

These are important trading tips for beginners. It's crucial to stay informed, have a strategy, choose reliable exchanges, secure investments, be wary of scams, continuously learn, stay disciplined, have patience, manage your emotions, be prepared to adapt to changing market conditions, always prioritize risk management for long-term success, and remember that trading is a journey that requires perseverance and continuous improvement. They should appreciate this advice and guidance!

I believe all these advices will be very helpful on the part for beginners. However, we should also be aware that newbies have only limited knowledge and experience in the market so we cannot expect that they will be able to follow all of these. But I believe the more they stay in the forum, the more they stay informed, and the more they’ll be able to experience mistakes and losses, and maybe after experiencing it, they’ll be more keen observers and invest with caution in the crypto market.

[Viscore]

Nice beginner guide and advice,  but you failed to mention an important point that can help the beginner to minimize the risk involved in trading and reducing losses which are to trade with a small amount as a beginner and not get greedy by putting in large sums of money because of the potential profits most especially in future trading which is almost same as gambling.

Investing with a bigger amount at first due to greed will only increase the chance of losing. Hence, it’s not advisable to do it, instead start with minimal amount and never be greedy enough to expect quick returns because that will lost your focus in trading. Know that trading requires more focus and persistence, that’s why you need to trade at your own risk, and at the capital you’re free to lose.

[milewilda]

Nice beginner guide and advice,  but you failed to mention an important point that can help the beginner to minimize the risk involved in trading and reducing losses which are to trade with a small amount as a beginner and not get greedy by putting in large sums of money because of the potential profits most especially in future trading which is almost same as gambling.

Investing with a bigger amount at first due to greed will only increase the chance of losing. Hence, it’s not advisable to do it, instead start with minimal amount and never be greedy enough to expect quick returns because that will lost your focus in trading. Know that trading requires more focus and persistence, that’s why you need to trade at your own risk, and at the capital you’re free to lose.

You would 101% lose all of those capital that you had put up on doing trading specially when you are a complete newbie, this had been always the case for most beginners on which they do have that kind of thinking and impression that they could handle themselves easily on trading field or playing along with the market but once that reality would slap into their faces then this is the time that they would really be making realizations that its never been that simple nor easy on doing so. The most ideal thing to do first is to stick with the basics, learn up the necessary terms and other things which needs to familiarize first, if its needed for you to go demo trades then do it but it would be recommendable on doing live trades but using up on the less amount which you could only afford to lose and on the time that you do make trades then try to learn up things along the way.
Never ever make yourself put in a hurry when dealing up with the market, you cant really just able to make things to be that a pro in a short time. You would really be able to experience lots of trials and
errors when it comes to this matter.

[tjtonmoy]

~snip

I guess you can also add "Do not overtrade" and "Do not go after losses".

You need to know when to stop. If you keep on trading thinking the more you do the more you'll learn, in that process you won't learn anything. You will make a huge loss if you are a newbie by doing this. In the end, you will be left with nothing to trade with.
So, take a break every now and then. Analyze your past trades and try to figure out where they went wrong or right. Also, our brain needs time to process everything. If you overtrade, you will fill your brain with more information that the brain will be unable to process at once. And you will learn literally nothing. So in order to be successful in the long term, you should avoid this.

Not going after losses is also very essential to become a good trader. Don't get emotional about the fact that you need to win back what you just lost. What's gone is gone. Forget the past but take lessons from it. Move on to the new one. Regret will hold you back in the past and won't allow you to live your present or see your future.

Risk management could also be added here. It is best to practice risk management from the early stages. It will bring confidence and less error in future trades.

[AnonBitCoiner]

People often enters the crypto market for getting profit but they don't have actual knowledge which is totally wrong way of entrance. Sometimes people select that coins which have no future because of unawareness and they did not have make any research about the coin so learning through videos and from experts through Telegram groups are most important technique to obtain successful results.

Trading needs time so if you don't give your precious time to trading you will not be aware of the market situation due to which you will not make beneficial selection. Realizing market situations and go according to it will be suitable for you to buy and sell your coin.

[Japinat]

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Beginners won't understand this too early. What they need to have is to have more experience and gain more knowledge through it and then this will be learned.

This also includes the amount that they want to trade and to start with because not everyone starts big already and that's the entire process that a beginner should go through.

Beginners only goal is to make profits, and that they are not much aware on having some risk tolerance. But as they go on with their experience in the market, consistently making some trades, while gaining more knowledge and honed some skills, they will definitely discover it on their own. As they can’t be successful in their trading career without takings some risk and learning how to minimize or reduce the risk in it.

[freedomgo]

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

This is one of the biggest challenges in trading, finding the perfect exchange, the best would have been decentralized ones, but they don’t have much liquidity and also many trading features like the centralized ones. Then the centralized ones no matter how reputable they are defeats the purpose of anonymity and privacy through collection of KYC details, with also the risk of losing your funds when they get compromised.

The best way to beat this when trading on centralized exchanges would be using two or more of the top exchanges. This way one will be able diversify there funds into many different exchanges and as such minimizes the risk of closing everything when a particular exchange get compromised.

You know it’s hard to find reputable and reliable exchanges as all of them claimed to be on top of the market, leading from the rest of the trading exchanges. That’s the reason why we need not to stick with a single CEX, but have different exchanges for diversity of our coins. That is to avoid losing all our coins in an instant in just a single exchange, and by putting only minimal amount of it, that will also lessen the risk from losing.

[Natalim]

DEMO account - is good for beginners and I encourage newbies to do this and acquire ideas, knowledge, and skills that we can apply in actual trade, However, we can't expect that it gonna be the same experience in doing actual trade because this will include mix emotions that certainly affect our decision making in when to buy and when to sell. Therefore, if we are already good at using a demo account, we can't say that we are also good in the actual trading scenario as everything will change, yet we can still apply the learnings we have.

[Cryptomultiplier]

The tips are very important, if one intends to become successful with it, or build a skill out of it. We have professional traders.

Besides the point you mentioned for beginners to get familiar with and excel in trading, there's also the point of being aware of the emotions that accompany trading.

Beginners need to know that when they can confidently trade without listening to dominant emotions of fear, pride, greed or hope, we can say they have become good traders.

[lalabotax]

These six tips are actually owned and implemented by traders, especially beginners who want to learn trading and want profits. Apart from that, there are several additions, such as:
- Emotional management
  This is very important because if we are able to manage our emotions well, then we can control ourselves and control our emotions in any market conditions. We will not easily become greedy, panic, or other things that can damage all our preparation and readiness for trading. What's more, if we can control our emotions, we will be prepared for all the risks we might face.

but unfortunately, not many newbies are willing to learn and prepare themselves well. Even of all the tips, maybe only a few of them do, because moreover they want something instant.

[shinratensei_]

DEMO account - is good for beginners and I encourage newbies to do this and acquire ideas, knowledge, and skills that we can apply in actual trade, However, we can't expect that it gonna be the same experience in doing actual trade because this will include mix emotions that certainly affect our decision making in when to buy and when to sell. Therefore, if we are already good at using a demo account, we can't say that we are also good in the actual trading scenario as everything will change, yet we can still apply the learnings we have.

thats true, in using DEMO account usually there's no burden of losing money therefore the decision that comes out usually logical ones.
when it comes in investing for real, usually its gonna be a whole lot different story, there will be so much more pressure and it will be different as you said since such pressure affects greatly on our emotions.
demo only good for getting some insights and at the very least tasting how the markets are.
but for one to be truly succeeds in trading in general, they'd require massive effort of trying out the real markets with real money.

[samcrypto]

DEMO account - is good for beginners and I encourage newbies to do this and acquire ideas, knowledge, and skills that we can apply in actual trade, However, we can't expect that it gonna be the same experience in doing actual trade because this will include mix emotions that certainly affect our decision making in when to buy and when to sell. Therefore, if we are already good at using a demo account, we can't say that we are also good in the actual trading scenario as everything will change, yet we can still apply the learnings we have.

Demo account I think only last for a week, so you can't expect to learn everything from that DEMO account.
Before making an account with any exchanges, make sure you do have background knowledge already about trading especially its fundamentals.
Trading is not easy to learn but the good thing right now is that, there's a lot of resources available online, you can just easily search it and do your best to learn it.

[arwin100]

DEMO account - is good for beginners and I encourage newbies to do this and acquire ideas, knowledge, and skills that we can apply in actual trade, However, we can't expect that it gonna be the same experience in doing actual trade because this will include mix emotions that certainly affect our decision making in when to buy and when to sell. Therefore, if we are already good at using a demo account, we can't say that we are also good in the actual trading scenario as everything will change, yet we can still apply the learnings we have.

Demo account I think only last for a week, so you can't expect to learn everything from that DEMO account.
Before making an account with any exchanges, make sure you do have background knowledge already about trading especially its fundamentals.
Trading is not easy to learn but the good thing right now is that, there's a lot of resources available online, you can just easily search it and do your best to learn it.

There are demo apps available so they can use that to practice their trade and I also see that Demo account is also helpful since it can lessen the financial damage cost by any unwanted trades. Although trading is really hard to learn but if you are consistent on what you are doing then for sure you can learn this once you experience all ups and downs in the market. Also newbie should be resourceful to search for more ideas or tutorials that can help them since there are so many available online and they should search it if they want to be a good trader.

[GreatArkansas]

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Among the list, this for me is more important. Because most of the new in trading are struggling with risk, some started with low capital but complain about profits or start with big capital.
Having risk management will solve it because it will help you to become a good trader and a good decision-maker. It will also help to protect your capital which is the most important when you are trading.

[fauzan Ichsan]

DEMO account - is good for beginners and I encourage newbies to do this and acquire ideas, knowledge, and skills that we can apply in actual trade, However, we can't expect that it gonna be the same experience in doing actual trade because this will include mix emotions that certainly affect our decision making in when to buy and when to sell. Therefore, if we are already good at using a demo account, we can't say that we are also good in the actual trading scenario as everything will change, yet we can still apply the learnings we have.

Demo account I think only last for a week, so you can't expect to learn everything from that DEMO account.
Before making an account with any exchanges, make sure you do have background knowledge already about trading especially its fundamentals.
Trading is not easy to learn but the good thing right now is that, there's a lot of resources available online, you can just easily search it and do your best to learn it.

There are demo apps available so they can use that to practice their trade and I also see that Demo account is also helpful since it can lessen the financial damage cost by any unwanted trades. Although trading is really hard to learn but if you are consistent on what you are doing then for sure you can learn this once you experience all ups and downs in the market. Also newbie should be resourceful to search for more ideas or tutorials that can help them since there are so many available online and they should search it if they want to be a good trader.

demo accounts are very helpful for beginners to learn about the rigors of the world of trading, but keep in mind that many people find trading easy on a demo account, but later it will not be so easy on a real account either. usually a sense of arrogance will appear while following a demo account, and will find real difficulties when trading on a real account. That's because trading includes psychological pressure as well that must be overcome to carry out the strategy that will be applied

[CarnagexD]

all these are valid points to guide a beginner in trading, but the most important of all is having primary knowledge about trading, which is your first point. some newbies to trading do have some kind of thoughts about trading as something that can save them from poverty, and the only reason they could have such thoughts is when they don't really have good knowledge about trading. for someone who has no better knowledge about trading, they cannot even think of how to work on develop their own strategy; some of them will only rely mostly on copy trading, which is not a very good way of trading.

Also never forget to always set realistic expectations. Most of the time, beginner traders are great traders, they are good analysts who can predict prices accurately. However, they couldn't push a button smoothly. They messed up on their own psychology. It's already got into their TP but they don't take profit. Why is that? The answer is simple. They don't know yet what to expect, what to see, and what to experience.

The best tool to overcome that is to have a journal. Take not of how they feel greed and fear, then how they overcome it. Overcome they will build that real skill. Because trading strategy is the easiest. It's the psychology that is the most important.

[Latviand]

Of all the tips listed by OP, demo account is the one that I can attest to be the best one for beginners, no risk since no real money is involved and you gain the valuable experience for trading, you can go crazy on how you trade and see what happens if you were to do it. Many other people in this forum would disagree with me though, they see demo account or paper trading as a waste of time because they don't like not getting paid when trading.

[michellee]

What @OP gave are good tips for beginners so they can learn from those tips. I prefer to learn to trade and practice it with small money until the beginner really gets used to the analysis lessons he got. This is to make him not depend on other people's advice about when he can enter the market and can determine when to enter his market.

By improving the ability to analyze market conditions, he can know what to do. He can also find the right coin to trade because many people or beginners still rely on trading signals from other people. This is risky because we don't know whether the signal will occur or miss. After all, each person's ability to analyze cannot always be precise or accurate.

But by having better analytical skills, he can analyze himself and whatever is happening with the market, he can determine when he can trade. And if he doesn't see an opportunity to trade, he won't even try to enter the market.

[arwin100]

Even if you have those pointers but if the person is not willing to spend sometime to study about all necessary things that they need to learn then all of the pointers given is just useless. Maybe they need to know their intention first in why they are here since if they are for short term maybe crypto trading is not for them since it need a lot of patience and proper learning. But if they are for longterm for sure they can see the down trend and upper trend then provably this can help them a lot to know more about possible strategies that they can create to help their trades and maximize their possible profits.

[justdimin]

Even if you have those pointers but if the person is not willing to spend sometime to study about all necessary things that they need to learn then all of the pointers given is just useless. Maybe they need to know their intention first in why they are here since if they are for short term maybe crypto trading is not for them since it need a lot of patience and proper learning. But if they are for longterm for sure they can see the down trend and upper trend then provably this can help them a lot to know more about possible strategies that they can create to help their trades and maximize their possible profits.

Unfortunately too many people are looking for a short way out of this market and they want to just be fed what to buy and when to buy it. This is unfortunate because they are not going to be fed that easily and it will take some time before they could do something like that. I know that it is not that easy to handle this but if you do not then you are going to end up with a terrible result eventually, that's just how it is.

I believe in making a better return one way or another, and if that's not possible then we are going to end up with a terrible ending. Just focus on learning what you can, and that should be the way to go, it would make it a lot better for everyone. This is of course a tough situation without a doubt.

[Qahwakupi]

In trading there is a very big risk if you don't learn techniques and analysis, many who play trading hope to get rich instantly.

Even though there are various techniques that are not learned, they need to be fully educated for beginners who want to get involved in the world of trading.

[isaac_clarke22]

-

Demo accounts or let's say virtual tradings are kinda meh for me. It's not really where you can build skills or make better decisions from your trade since it's not your money and you don't care nonetheless on the outcome of your trades and this is why I didn't use those back in the days. If it is your money, you have that psychological mindset of being careful on what you do with your trades unless those money aren't really practically going to be needed anyway.

Reliable exchanges obviously won't give your profits, but it will keep you away "somehow" from being locked out from your account. Can't judge what exchanges are reliable these days, since I had quit trading long time ago and what I am pointing out in here are just purely from experience.

[Huppercase]

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

Demo accounts are limited with trading versatility, most of the features you will have in all the available demo exchanges available are limited with features relative the real exchanges, it also lag and abandoned without updates from the developers. Instead of demo trading, go for paper trading instead, tradingview has the feature and you can virtually trade all the coins available coin market and coingecko and the view basically of all the features that you can see on exchanges, I think trading exchanges mostly mimic what tradingview has on their platform.

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

This is nothing but the truth, some exchange can be frustrating and they also intentionally liquidated trades, they gave glitches when there is high market demand which results into glitches and to cancel trades becomes problem, even with stop orders, they don't work those times and opportunity to make money becomes wasted, to avoid these errors it's better a research on best choice of exchange is done before trading begins.

[Botnake]

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Beginners won't understand this too early. What they need to have is to have more experience and gain more knowledge through it and then this will be learned.

This also includes the amount that they want to trade and to start with because not everyone starts big already and that's the entire process that a beginner should go through.

The problem with some beginner traders is that they usually think that trading at a bigger capital will also gain higher amount of returns. That is a wrong mindset since you can’t expect that trading will certainly be profitable in the end. The reality is, the bigger money you trade, the bigger amount of losses will be. Unless if you become a professional trader, you can always increase the size of your trades.

[kawetsriyanto]

The problem with some beginner traders is that they usually think that trading at a bigger capital will also gain higher amount of returns. That is a wrong mindset since you can’t expect that trading will certainly be profitable in the end. The reality is, the bigger money you trade, the bigger amount of losses will be. Unless if you become a professional trader, you can always increase the size of your trades.

The beginners who think it will be effectively using bigger money, probably they don't learn enough about crypto trading. If they learn properly, they must understand that it is better to use small money first. Every beginner must focus on learning, know first how to trade in a proper way. But for the beginners who don't really care about learning, they can be greedy because they are too obsessed with big profits. They may not realize about the risks in trading, they only think about the potential profits.

[carlfebz2]

The problem with some beginner traders is that they usually think that trading at a bigger capital will also gain higher amount of returns. That is a wrong mindset since you can’t expect that trading will certainly be profitable in the end. The reality is, the bigger money you trade, the bigger amount of losses will be. Unless if you become a professional trader, you can always increase the size of your trades.

The beginners who think it will be effectively using bigger money, probably they don't learn enough about crypto trading. If they learn properly, they must understand that it is better to use small money first. Every beginner must focus on learning, know first how to trade in a proper way. But for the beginners who don't really care about learning, they can be greedy because they are too obsessed with big profits. They may not realize about the risks in trading, they only think about the potential profits.

And usually these fellas are the ones who do really ends up on having that messy start up and this is why its never been that ideal on making use of huge amount specially when you are just starting up.
We know that its not something recommendable on doing so considering that we are still lacking of knowledge and skills on which it would really be just that right that you should really be making use of capital
or bankroll on which it should be less or small since you are still on learning phase..

Start up with demo and you should really be spending ample time on trying out to figure with those trial and error and also the most important thing would really be about on having that
kind of management when it comes to your funds. This is something that could be learned along the way on which it would really be helping you with your learning curve.
Proceed out with caution and really be sensible towards your actions that you would really be making.

[Kelvinid]

All of them are needed to start trading and from that, we can't just simply think that it was too easy. Yeah, we need to have a wide trading and market understanding as this is the key tool leading to a successful trade and therefore, we have to work hard otherwise, never expect success then. It is about telling beginners that trading is not the place for impatient people, not even the crypto space, and if we wanted to earn from here, we should have to extend our patience and must know how to handle the up and down experience - we lose, we earn - that was the reality in trading.

[Vaculin]

Even if you have those pointers but if the person is not willing to spend sometime to study about all necessary things that they need to learn then all of the pointers given is just useless. Maybe they need to know their intention first in why they are here since if they are for short term maybe crypto trading is not for them since it need a lot of patience and proper learning. But if they are for longterm for sure they can see the down trend and upper trend then provably this can help them a lot to know more about possible strategies that they can create to help their trades and maximize their possible profits.

You have a point mate. It does not matter how many trading tips you have in trading, the important thing is you have to study and learn about them so you can successfully apply whenever you decide to trade. Trading is hard and certainly risky, that’s why everything should be learned the hard way and everyone should follow its process as there’s no shortcut to success in trading.

[Finestream]

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Beginners won't understand this too early. What they need to have is to have more experience and gain more knowledge through it and then this will be learned.

This also includes the amount that they want to trade and to start with because not everyone starts big already and that's the entire process that a beginner should go through.

Risk is present in the first place. That’s why you have to be certain on what goals you want to set and achieve as there are risks associated in it. Though this is still hard for beginners to understand but as they keep on experiencing trading, eventually they will come to discover and identify those risks that they need to overcome so they can maximize their trading success and profitability, thus giving them chances to minimize from their trade’s losses.

[Franctoshi]

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you with signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

For sure every trader needs a strategy to be a successful trader, trading without a strategy is like someone on a journey without a direction or destination point.

Risk Tolerance :
Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

I don't get you by what you said here "but a good strategy covers it deeply"

Do you mean if one is a good trader that high risk doesn't matter because you are a good trader?
I would like you to elaborate more on this particular point you made,  good trader or not good trader,  risk management is key to becoming profitable, once you over risk, the market has a way of disciplining you.

[TelolettOm]

It does not matter how many trading tips you have in trading, the important thing is you have to study and learn about them so you can successfully apply whenever you decide to trade. Trading is hard and certainly risky, that’s why everything should be learned the hard way and everyone should follow its process as there’s no shortcut to success in trading.

Do you mean trading tips or trading strategies?
I don't see something wrong to learn varied trading tips, they must be useful for us. Specifically the trading tips that are shared by OP in the first page, those are the basics matters to know in trading. Everyone must know the basic things in trading first before they begin to trade. Sure, we must understand it firstly, so we can apply the tips for our trading activity.

Indeed. Trading has the risks, it is not an easy way to earn money. We must learn seriously about the risks, it is the only way to avoid severe losses. Regarding the success in trading, it surely needs a process and sometimes takes a long time. Although we already learn from many sources, we need experiences to strengthen our insight. We may not get the experiences from demo trading, we get the it from real trading.

Risk is present in the first place. That’s why you have to be certain on what goals you want to set and achieve as there are risks associated in it.

Agree. Before trading, we must understand the risks firstly. It will help us to minimize the risks. Sure, it also becomes one of the considerations related to our trading goals. We make goals in trading more realistically if we make them by considering the risks. So, it is true that understanding the risk first should be the priority.

[Kasabus]

These tips are only helpful if you can use them the right way, but you need to study first and educate yourself on these tips before going into live trading. However, experience is still the best tip to win your trades. It’s only useless learning all these OP’s tips without putting them in action. That’s why regardless of your first and consistent losses as a beginner, you need to experience trading most often as that’s the only way to be more skillful in this kind of craft.

[Questat]

These tips are only helpful if you can use them the right way, but you need to study first and educate yourself on these tips before going into live trading. However, experience is still the best tip to win your trades. It’s only useless learning all these OP’s tips without putting them in action. That’s why regardless of your first and consistent losses as a beginner, you need to experience trading most often as that’s the only way to be more skillful in this kind of craft.

Experience would teach us everything and will help us to find new strategies that can be more effective than those tips that we have read in books or in YouTube. But of course, we can't expect that learning can be done just in a few days but that might it take weeks or months. That is why I suggest that beginners just start trading with a small amount because our intention in these early days is not to EARN but to LEARN. And to the moment that we are consistent of our doings, that's the time to increase limits or capital.

[SquirrelJulietGarden]

These tips are only helpful if you can use them the right way, but you need to study first and educate yourself on these tips before going into live trading.

Before you trade, you must learn about trading, fundamental and technical analysis but you need more. Before you start trading, make sure you are not going to use 100% of your capital to trade. Because as a new trader, most likely you will lose your capital. If you don't use 100% of your capital to trade, you will have rest capital to trade again.

However, experience is still the best tip to win your trades. It’s only useless learning all these OP’s tips without putting them in action. That’s why regardless of your first and consistent losses as a beginner, you need to experience trading most often as that’s the only way to be more skillful in this kind of craft.

Experience is important to test your trading knowledge and understanding, to test your emotional control ability and to test your capital and risk management. First and most important, manage your capital well and make sure you use very little capital to start.

You have a point mate. It does not matter how many trading tips you have in trading, the important thing is you have to study and learn about them so you can successfully apply whenever you decide to trade. Trading is hard and certainly risky, that’s why everything should be learned the hard way and everyone should follow its process as there’s no shortcut to success in trading.

To succeed in trading, there are more challenges than to succeed in investment. You will have to pay many cost in trading, trading fees are unavoidable but bigger cost is your failed trading positions. To reduce risk of losing all or most of your initial capital quickly, don't use leverages.

No shortcut to success in trading but many shortcuts to bankruptcy and lose all your capital.

[Bitcoin_people]

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Obviously the "point-of-copy" won't add that you don't get to learn about bitcoin market and trading by reading mere books and articles but also you should be prepared to meet new trends meaning as you go into the Bitcoin market you go with FLEXIBILITY and readiness to learn new ideas and unlearn old and stale ideas then you can be on a safer side of this market too!

It is true that it is never possible to acquire trading knowledge by reading books, trading requires experience. If a newbie wants to start trading, first of all he needs to research everything about the Bitcoin market. Of course, if they cannot do research in the first instance, they should seek advice from those who are experienced and knowledgeable about the Bitcoin market and trading. In the case of trading, one must understand the market position and be careful about when buying will be profitable and when buying will be losing. And after knowing these, trading later on, an informed person can certainly earn. So before trading, the newbies have to analyze all these things well, then they can be successful.

[Litzki1990]

You have covered various topics of trading in this post which will be very helpful for newbies. Everyone who is new must know about this. There is no end to know about trading to achieve success in trading. A lot of knowledge has to be acquired about trading. Every aspect of trading a new member needs to know. One of the keys to success in trading is building your own trading skills. Every trader develops different trading skills. He builds his trading skills in a way that is easy to understand. If you want to do anything in life by trading, you must take risks and you must have a positive attitude because you need to be patient enough that any time you may see losses in your trading due to market volatility. It is very important for a new trader to have an understanding of every aspect of trading.

[Aanuoluwatofunmi]

In trading there is a very big risk if you don't learn techniques and analysis, many who play trading hope to get rich instantly.

Even though there are various techniques that are not learned, they need to be fully educated for beginners who want to get involved in the world of trading.

Being a trader, there are also many things which you needed to learn and know how to do along with your trading experience after which you might have developed some required skills and techniques needed to make perfect opportunity out, risk management is very important from this aspect, timing, research, patience and many more other requirements i may not mention in other to have a perfect trading, we will loose and win at the cause but the probability for our accuracy in trading will be more higher than to loose when we take every other conditions into consideration.

[adiksau0414]

Been trying to learn the proper way on trading, thou i have an idea how the flow of it. And yes, the demo really helps a lot, it helps me to adjust with so many numbers and graph you can see in the screen. Trading is a bit scary to the newbie, but with the help of proper guidance and gaining more useful knowledge, we can do it at ease.

[sana54210]

Obviously the "point-of-copy" won't add that you don't get to learn about bitcoin market and trading by reading mere books and articles but also you should be prepared to meet new trends meaning as you go into the Bitcoin market you go with FLEXIBILITY and readiness to learn new ideas and unlearn old and stale ideas then you can be on a safer side of this market too!

It is true that it is never possible to acquire trading knowledge by reading books, trading requires experience. If a newbie wants to start trading, first of all he needs to research everything about the Bitcoin market. Of course, if they cannot do research in the first instance, they should seek advice from those who are experienced and knowledgeable about the Bitcoin market and trading. In the case of trading, one must understand the market position and be careful about when buying will be profitable and when buying will be losing. And after knowing these, trading later on, an informed person can certainly earn. So before trading, the newbies have to analyze all these things well, then they can be successful.

I wouldn't say that it's impossible, they are both equally important. Yes you can't just read about trading and be a great trader, but you can't also just start trading without reading and learn how to be a good trader with just experience.

Because you wouldn't know what to do and you would look at it like it's foreign language and when you make a mistake you wouldn't know what mistake you did. It's much better if you could end up learning more about it and then trading based on that. It is going to end up being a bit of a trouble for you to make mistakes but you need to learn from them when you do. This is how it's approached and you should always consider that as a good thing. I personally do not make it work like that, and I think it's going to matter.

[askmejazzcash]

Sure, here are some trading tips for beginners:

1. Educate yourself: Learn the basics of trading, different strategies, and financial markets to make informed decisions.

2. Start small: Begin with a demo account or trade with a small amount to gain experience without risking significant capital.

3. Set a budget: Determine how much money you can afford to invest and stick to it. Avoid trading with money meant for essential expenses.

4. Practice risk management: Use stop-loss orders to limit potential losses and avoid overexposing yourself to a single trade.

5. Diversify your portfolio: Spread your investments across different assets to reduce risk and increase potential returns.

6. Control emotions: Avoid making impulsive decisions based on fear or greed. Stick to your trading plan and strategy.

7. Stay updated: Keep track of financial news and market trends to make informed decisions.

8. Use technical analysis: Study price charts and indicators to identify potential entry and exit points for trades.

9. Learn from mistakes: Analyze your trades, both successful and unsuccessful, to understand what works and what doesn't.

10. Be patient: Trading takes time and practice. Don't expect to become a pro overnight; continuous learning and experience are essential.

Remember, trading involves risks, and there are no guarantees of profits. Always do thorough research and seek advice from financial professionals if needed.

[Jody.Drummer]

It is true that it is never possible to acquire trading knowledge by reading books, trading requires experience. If a newbie wants to start trading, first of all he needs to research everything about the Bitcoin market. Of course, if they cannot do research in the first instance, they should seek advice from those who are experienced and knowledgeable about the Bitcoin market and trading. In the case of trading, one must understand the market position and be careful about when buying will be profitable and when buying will be losing. And after knowing these, trading later on, an informed person can certainly earn. So before trading, the newbies have to analyze all these things well, then they can be successful.

I wouldn't say that it's impossible, they are both equally important. Yes you can't just read about trading and be a great trader, but you can't also just start trading without reading and learn how to be a good trader with just experience.

Because you wouldn't know what to do and you would look at it like it's foreign language and when you make a mistake you wouldn't know what mistake you did. It's much better if you could end up learning more about it and then trading based on that. It is going to end up being a bit of a trouble for you to make mistakes but you need to learn from them when you do. This is how it's approached and you should always consider that as a good thing. I personally do not make it work like that, and I think it's going to matter.

I'm not going to discourage you, those who are beginners really need the basic knowledge that they will get from reading guides about trading, this is very important for those who are just jumping in, at least they will get a lot of basic steps there. But it can't be said that just by reading a lot of guides you will become a great trader, of course besides that there are still many other basic knowledge that must be mastered. Letting everything run in an organized manner with the basic knowledge that will indeed be able to bring progress in every trade.

Honestly I also want to say that, the average beginner including me at first could not know or realize where the mistakes have been made, it looks quite complicated to find out. But as time goes by, trading knowledge increases and indirectly I begin to know where the mistakes are. I think most of the reasons for beginners' losses are due to a lack of preparation about the limits they should have, they are not mentally and psychologically prepared. I admit that trading requires enough experience and knowledge and also readiness from oneself in order to make the right decision to open a position.

[mirakal]

The problem with some beginner traders is that they usually think that trading at a bigger capital will also gain higher amount of returns. That is a wrong mindset since you can’t expect that trading will certainly be profitable in the end. The reality is, the bigger money you trade, the bigger amount of losses will be. Unless if you become a professional trader, you can always increase the size of your trades.

The beginners who think it will be effectively using bigger money, probably they don't learn enough about crypto trading. If they learn properly, they must understand that it is better to use small money first. Every beginner must focus on learning, know first how to trade in a proper way. But for the beginners who don't really care about learning, they can be greedy because they are too obsessed with big profits. They may not realize about the risks in trading, they only think about the potential profits.

That’s certainly the reason why most beginners are not advised to engage in trading because they don’t even know how to start trading at a small amount. They often think that if they trade with small capital, the profits will not be worth the risk. But the reality is, all beginners should start trading at a smaller amount so that the risk of losing will be somehow manageable. Otherwise, if they conclude trading at a huge amount, the chances to lose is very high so once they trade and lose, they might find it hard to recover their losses and might not be capable of trading once again.

[South Park]

That’s certainly the reason why most beginners are not advised to engage in trading because they don’t even know how to start trading at a small amount. They often think that if they trade with small capital, the profits will not be worth the risk. But the reality is, all beginners should start trading at a smaller amount so that the risk of losing will be somehow manageable. Otherwise, if they conclude trading at a huge amount, the chances to lose is very high so once they trade and lose, they might find it hard to recover their losses and might not be capable of trading once again.

That is a very common problem with newbies traders, they want to win and they want their wins to be big and fast, and while there is nothing wrong with those desires, as who would not like for their trades to go their way, it is an unrealistic goal taking into account their level of skill, so they should start slow and use a very small amount of money on their trades so they can learn all what they can while minimizing their losses, but as you may guess those newbies do not really do this and they have to learn the hard way why trading is one of the most difficult ways to make money that exist.

[goaldigger]

Been trying to learn the proper way on trading, thou i have an idea how the flow of it. And yes, the demo really helps a lot, it helps me to adjust with so many numbers and graph you can see in the screen. Trading is a bit scary to the newbie, but with the help of proper guidance and gaining more useful knowledge, we can do it at ease.

Beginners might be overwhelm by the data they are seeing in the tracker and if you are not emotionally prepared then it will be hard for you. Just take this slowly but surely and understand that in trading its all about your strategy, analysis and you timing that matters. Every beginners have their own difficulties and only few are able to survive until they become a good trader. There’s a lot of tips available online, and source to learn more just keep on going and try everything so you can learn more, demo account is a big help just try to be more wise on choosing a platform for this.

[Yamifoud]

So many ways that would help newbies to become good trader as all the necessary learning that they needed are already available online or offline, what they need is to read and understand it.

The only thing that I would like to say is that they don't have to put in mind that trading is easy nor underestimate it but rather take this seriously. Because the more they will think that it was difficult, the more they think about doing it hard as well which led to them becoming careful of their actions. Because many traders had failed as they expect it was too easy, that is how influencers spread wrong information.

[DoublerHunter]

So many ways that would help newbies to become good trader as all the necessary learning that they needed are already available online or offline, what they need is to read and understand it.

The only thing that I would like to say is that they don't have to put in mind that trading is easy nor underestimate it but rather take this seriously. Because the more they will think that it was difficult, the more they think about doing it hard as well which led to them becoming careful of their actions. Because many traders had failed as they expect it was too easy, that is how influencers spread wrong information.

^Definitely right, there are indeed numerous resources available online and offline that can help newbies become proficient traders and in fact, the key lies not only in accessing this knowledge but also in dedicating time and effort to understand and absorb it thoroughly.
But you must be careful of those who are on social media because influencers and traders who spread misleading information about trading being a "get-rich-quick" scheme contribute to false expectations and disappointments.
We should not go to trading if we lack the knowledge to avoid suffering massive losses.

[palle11]

That’s certainly the reason why most beginners are not advised to engage in trading because they don’t even know how to start trading at a small amount. They often think that if they trade with small capital, the profits will not be worth the risk. But the reality is, all beginners should start trading at a smaller amount so that the risk of losing will be somehow manageable. Otherwise, if they conclude trading at a huge amount, the chances to lose is very high so once they trade and lose, they might find it hard to recover their losses and might not be capable of trading once again.

Some traders are only interested to make profit but they don't bother about the other aspect of trade and that is true. A newbie trader need to understand the market before increasing there risk appetite and most don't understand the ratio of risk required for their account size but they just want to increase the profit level without proportional understanding of the risk to their account. In fact to build your small account gradually help to grow the courage, expertise and confidence level.

[Cling18]

That’s certainly the reason why most beginners are not advised to engage in trading because they don’t even know how to start trading at a small amount. They often think that if they trade with small capital, the profits will not be worth the risk. But the reality is, all beginners should start trading at a smaller amount so that the risk of losing will be somehow manageable. Otherwise, if they conclude trading at a huge amount, the chances to lose is very high so once they trade and lose, they might find it hard to recover their losses and might not be capable of trading once again.

Some traders are only interested to make profit but they don't bother about the other aspect of trade and that is true. A newbie trader need to understand the market before increasing there risk appetite and most don't understand the ratio of risk required for their account size but they just want to increase the profit level without proportional understanding of the risk to their account. In fact to build your small account gradually help to grow the courage, expertise and confidence level.

We've all been beginners and most of us have also had the wrong mindset in the beginning with the wrong thought that trading could help us make lots of money without considering the risks.
We've all learned from our mistakes and same thing could happen to new beginners these days but they're actually luckier as they could find a lot of good resources to learn and warnings and advices from trading professionals as well.
Newbies only need to be skeptical and wise and not just risk takers without even knowing what they're really doing. They have to be mindful of their actions before deciding what to trade.

[ScamViruS]

~~

Some traders are only interested to make profit but they don't bother about the other aspect of trade and that is true. A newbie trader need to understand the market before increasing there risk appetite and most don't understand the ratio of risk required for their account size but they just want to increase the profit level without proportional understanding of the risk to their account. In fact to build your small account gradually help to grow the courage, expertise and confidence level.

In fact, most of the beginners who come to crypto trading are motivated to become traders by seeing the screenshots of other traders' profits, which gives them a thought to make quick profits. As everyone is busy thinking about making quick profits, they overlook the important thing to gain knowledge about trading. But they realize their mistake when they end up losing their funds due to inexperience in trading. So when a trader comes to the market to trade, he has to think professionally, because the market will not see whether you are inexperienced or experienced.

[stomachgrowls]

Risk Tolerance
Trading Strategy
Fund management

These are the three that would really be that relevant when it comes to trading specially when you are still that a noob. The rest of learning would really be acquired through real trading and experience
because there are things which cant really be learnt up via theories on which you could be able to gain through experience. Tips and tricks? There's none because everyone here on this space
is really just that speculators and traders on which we are on the same boat on where prices cant really be determined or would be able to predict out.

The only thing that you should or must do is into those points above majority but whats written on the OP is really that relevant.Somewhat even if you do know those key points but
actually applying them on the actual situation will really make yourself that able to say that it wont really be that so easy or simple on which means that its definitely be basing up
on the time that you would really having that actual engagement.

[Ziskinberg]

I suggest newbies invest first in learning about trading and the crypto market in general because knowledge is the main reason why a trader become successful on their journey. And if we think shortcuts will easily make us earn a profit, the answer is NO. But what will happen to us is just to lose our money. We have to accept that trading is not an easy game, we can't make a good profit if we only just know the basics, we indeed need to learn many things while on an actual trade. Whereas, 3, days, 5 days, and even a week are not enough, I would months.

[palle11]

We have to accept that trading is not an easy game, we can't make a good profit if we only just know the basics, we indeed need to learn many things while on an actual trade. Whereas, 3, days, 5 days, and even a week are not enough, I would months.

True to say that trading is not easy to do. There are many who don't understand it that way but they conceive it to be very easy to do and they jump in and jump out almost immediately in losses. Fews days or months is not enough to learn trading. In fact, it is almost like a continuous process to learn trading because certain strategy may not be working at some point and you have to reschedule for another strategy to you have to also relearn it. It is a continuous process to learn on trading.

[Inwestour]

I suggest newbies invest first in learning about trading and the crypto market in general because knowledge is the main reason why a trader become successful on their journey. And if we think shortcuts will easily make us earn a profit, the answer is NO. But what will happen to us is just to lose our money. We have to accept that trading is not an easy game, we can't make a good profit if we only just know the basics, we indeed need to learn many things while on an actual trade. Whereas, 3, days, 5 days, and even a week are not enough, I would months.

It seems to me that in order to fully understand the crypto market, it takes several cycles to understand how everything works. But besides this, you need to be prepared for the fact that this market is very volatile, especially if we are talking about local movements, while globally we can still identify some kind of repeating scenarios. And in trading, of course, experience is very important, and I believe that the process of obtaining proper experience will take not months, but most likely years, so for beginners it is very difficult to count on any result at first.

[Ziskinberg]

I suggest newbies invest first in learning about trading and the crypto market in general because knowledge is the main reason why a trader become successful on their journey. And if we think shortcuts will easily make us earn a profit, the answer is NO. But what will happen to us is just to lose our money. We have to accept that trading is not an easy game, we can't make a good profit if we only just know the basics, we indeed need to learn many things while on an actual trade. Whereas, 3, days, 5 days, and even a week are not enough, I would months.

It seems to me that in order to fully understand the crypto market, it takes several cycles to understand how everything works. But besides this, you need to be prepared for the fact that this market is very volatile, especially if we are talking about local movements, while globally we can still identify some kind of repeating scenarios. And in trading, of course, experience is very important, and I believe that the process of obtaining proper experience will take not months, but most likely years, so for beginners it is very difficult to count on any result at first.

It is possibly hard for them because what is in there is a "profit" without knowing that it never comes too easy and quick. And I've noticed that most people these days are impatient, they want instant, they want to become rich instantly and so they try trading. The sad thing is that they believe on these social media influencers showing money from trading, promising earning xxx in day, and the hyped begun.

It was time to correct that mindset and thinking because whether we like it or not, trading isn't for everyone. We can try yeah but having a profit assurance for all who have try, there is nothing. Well, their losing experience would able to teach these people.

[Awaklara]

We have to accept that trading is not an easy game, we can't make a good profit if we only just know the basics, we indeed need to learn many things while on an actual trade. Whereas, 3, days, 5 days, and even a week are not enough, I would months.

True to say that trading is not easy to do. There are many who don't understand it that way but they conceive it to be very easy to do and they jump in and jump out almost immediately in losses. Fews days or months is not enough to learn trading. In fact, it is almost like a continuous process to learn trading because certain strategy may not be working at some point and you have to reschedule for another strategy to you have to also relearn it. It is a continuous process to learn on trading.

so it is more advisable for beginners before learning more complicated trades, they can start investing first while studying the market and also some trading strategies.
To be honest, just studying the theory we read will make it difficult for us to develop. learn and try what we can make with our learning. direct trading experience is also important for us to get. of course it would be better for beginners to try everything with a small nominal. don't be too oriented to big profits at the beginning of trading. because it can make us spend more capital when trading.

[Distinctin]

So many ways that would help newbies to become good trader as all the necessary learning that they needed are already available online or offline, what they need is to read and understand it.

The only thing that I would like to say is that they don't have to put in mind that trading is easy nor underestimate it but rather take this seriously. Because the more they will think that it was difficult, the more they think about doing it hard as well which led to them becoming careful of their actions. Because many traders had failed as they expect it was too easy, that is how influencers spread wrong information.

^Definitely right, there are indeed numerous resources available online and offline that can help newbies become proficient traders and in fact, the key lies not only in accessing this knowledge but also in dedicating time and effort to understand and absorb it thoroughly.
But you must be careful of those who are on social media because influencers and traders who spread misleading information about trading being a "get-rich-quick" scheme contribute to false expectations and disappointments.
We should not go to trading if we lack the knowledge to avoid suffering massive losses.

Unfortunately, beginner traders do not give too much time and effort studying and understanding what trading is all about. This is because they believe that experience will teach them along, and of course since they mostly trade because of their greed. That is why most of them end up repeating the same mistakes all over again, and losing every time they trade. Because let’s accept the reality that even if they know everything about tips and strategies in trading, but if they never understand what trading is all about in the first place, then they will never be successful and profitable traders in the end.

[Peanutswar]

Base on my experience while I'm doing trading as a newbie before, I look for the trading indicator suitable to my trading habit after that I execute and try all of the strategy if it's work good if not better to change, by the way I didn't commit actual trade during my seeking for technical indicators I use the demo trade in trading view while doing a trade so takes a lot of test to make sure if it works.

I'm not fan of trading groups most especially altcoins most likely just hype and scams.

[Litzki1990]

I suggest newbies invest first in learning about trading and the crypto market in general because knowledge is the main reason why a trader become successful on their journey. And if we think shortcuts will easily make us earn a profit, the answer is NO. But what will happen to us is just to lose our money. We have to accept that trading is not an easy game, we can't make a good profit if we only just know the basics, we indeed need to learn many things while on an actual trade. Whereas, 3, days, 5 days, and even a week are not enough, I would months.

If you want to make a profit by trading, you must take risks. Trading is not possible without taking risks. Traders who are highly skilled and experienced also take risks. As you said good advice for newbies is definitely try to learn, try to learn as well as try to gain practical experience. Newbies are advised to learn trading here and not rely on others' signals.  Relying on others is never self-education and relying on others is like risking money for no reason, so one cannot rely on others.

[Chivas Regal]

The First post looks like it was copied from somewhere or other... The OP got banned - shouldn't their posts get locked or something?

[beerlover]

True to say that trading is not easy to do. There are many who don't understand it that way but they conceive it to be very easy to do and they jump in and jump out almost immediately in losses. Fews days or months is not enough to learn trading. In fact, it is almost like a continuous process to learn trading because certain strategy may not be working at some point and you have to reschedule for another strategy to you have to also relearn it. It is a continuous process to learn on trading.

so it is more advisable for beginners before learning more complicated trades, they can start investing first while studying the market and also some trading strategies.
To be honest, just studying the theory we read will make it difficult for us to develop. learn and try what we can make with our learning. direct trading experience is also important for us to get. of course it would be better for beginners to try everything with a small nominal. don't be too oriented to big profits at the beginning of trading. because it can make us spend more capital when trading.

If you go into trading directly and gain experience then you will start hurting a lot at the first place, you are not going to be doing that well. However, if you end up with something different then the result will not be that simple neither and you will dislike the situation for sure.

I think it would be better if you could end up with a result where you are happy with what you got and you end up trading it however you want to trade with it. That's my personal situation and I like to learn by studying first, and after you study a lot and think you learn it, you start to trade and gain some experience on it, like it becomes a second nature to you. That's how you become a good trader in the end without a doubt.

[Xampeuu]

I suggest newbies invest first in learning about trading and the crypto market in general because knowledge is the main reason why a trader become successful on their journey. And if we think shortcuts will easily make us earn a profit, the answer is NO. But what will happen to us is just to lose our money. We have to accept that trading is not an easy game, we can't make a good profit if we only just know the basics, we indeed need to learn many things while on an actual trade. Whereas, 3, days, 5 days, and even a week are not enough, I would months.

If you want to make a profit by trading, you must take risks. Trading is not possible without taking risks. Traders who are highly skilled and experienced also take risks. As you said good advice for newbies is definitely try to learn, try to learn as well as try to gain practical experience. Newbies are advised to learn trading here and not rely on others' signals.  Relying on others is never self-education and relying on others is like risking money for no reason, so one cannot rely on others.

it's true that trading is not a shortcut to solving economic problems, but for beginners, it's time to learn first, after learning the theory maybe we can start to learn practice, and there it will be seen that there will be many difficulties that will be faced to make a profit. with these difficulties we will gain experience, and in this process we will gradually become more complete as traders, although no one knows for sure how long the process will take because it depends on ourselves

[Inwestour]

It is possibly hard for them because what is in there is a "profit" without knowing that it never comes too easy and quick. And I've noticed that most people these days are impatient, they want instant, they want to become rich instantly and so they try trading. The sad thing is that they believe on these social media influencers showing money from trading, promising earning xxx in day, and the hyped begun.

It was time to correct that mindset and thinking because whether we like it or not, trading isn't for everyone. We can try yeah but having a profit assurance for all who have try, there is nothing. Well, their losing experience would able to teach these people.

There have always been and always will be those who want to get rich quick, and you are right that trading is not for everyone, just like business is not for everyone, the list goes on.

Those who manage to get rich quickly, there are not many of them at all and they cannot always save the big money that has come into their lives. Therefore, I am inclined to believe that those who will go to wealth more measuredly and consciously, they will be able to save it and increase it in the future. Fast does not mean better, besides, as we have already said, this is rather an exception to the rule. If, nevertheless, a beginner sees some prospects for himself in trading, then I would advise you to first decide on a strategy on a small budget and only after that try to trade with more significant funds.

[doomloop]

That’s certainly the reason why most beginners are not advised to engage in trading because they don’t even know how to start trading at a small amount. They often think that if they trade with small capital, the profits will not be worth the risk. But the reality is, all beginners should start trading at a smaller amount so that the risk of losing will be somehow manageable. Otherwise, if they conclude trading at a huge amount, the chances to lose is very high so once they trade and lose, they might find it hard to recover their losses and might not be capable of trading once again.

That is a very common problem with newbies traders, they want to win and they want their wins to be big and fast, and while there is nothing wrong with those desires, as who would not like for their trades to go their way, it is an unrealistic goal taking into account their level of skill, so they should start slow and use a very small amount of money on their trades so they can learn all what they can while minimizing their losses, but as you may guess those newbies do not really do this and they have to learn the hard way why trading is one of the most difficult ways to make money that exist.

Most newbies learn it the hard way, they either hear an influencer praising the cryptocurrency market and how profitable it can be for someone, or have seen a story of a person getting significant gains after investing in a meme coin, and they simply get excited after that and think that they can achieve great things in a very short period of time from here without knowing anything about or considering the risks involved with the investments.

They mostly lack the ability to do their own research, they expect a lot of things and don't see the negative aspects at all. Once they enter the market, take their first couple of trades, get some loss because they don't know much, that is when they come to know the reality that it is not as easy as they might have thought.

[uswa56]

I suggest newbies invest first in learning about trading and the crypto market in general because knowledge is the main reason why a trader become successful on their journey. And if we think shortcuts will easily make us earn a profit, the answer is NO. But what will happen to us is just to lose our money. We have to accept that trading is not an easy game, we can't make a good profit if we only just know the basics, we indeed need to learn many things while on an actual trade. Whereas, 3, days, 5 days, and even a week are not enough, I would months.

If you want to make a profit by trading, you must take risks. Trading is not possible without taking risks. Traders who are highly skilled and experienced also take risks. As you said good advice for newbies is definitely try to learn, try to learn as well as try to gain practical experience. Newbies are advised to learn trading here and not rely on others' signals.  Relying on others is never self-education and relying on others is like risking money for no reason, so one cannot rely on others.

it's true that trading is not a shortcut to solving economic problems, but for beginners, it's time to learn first, after learning the theory maybe we can start to learn practice, and there it will be seen that there will be many difficulties that will be faced to make a profit. with these difficulties we will gain experience, and in this process we will gradually become more complete as traders, although no one knows for sure how long the process will take because it depends on ourselves

Of course, in everything we do, we have to learn it first, as well as in trading, there are many things that need to be learned before doing it, but what you have to remember is that crypto trading has a very big risk, even though it's worth it with the possibilities, it's not a solution. for people who are in economic difficulties, trading makes it possible to further exacerbate the situation.

[Rupok]

Your instructive post will be very helpful for newbies.  There are a lot of things newbies need to know to start trading which you have explained nicely.  If one wants to profit by trading then everyone should use their own knowledge and trade according to the advice of experience. The trading platform is very ricks if one trades without knowing then surely lose money.  Some newbies think about trading that they can get rich very short time, so they start trading without knowing anything.  Although you can get rich by trading, but for this you need to know about trading properly and analyze all the issues related to trading.  It is very easy for a person to become rich when he analyzes all aspects related to trading and trades knowingly.

[ultrloa]

For sure it will be hard for newbie to understand some tips given to them since they can't visualize the given information by some people here. Much better for them if they just search a video guide about trading since there are lot of educational videos posted on youtube and maybe this could help them understand some certain situations that they need to learn since they can playback this for many times if they can't understand the informations or videos they watch.

[Iamcrypticguy]

Things you need to know about the market and Trading before starting.

Knowledge about trading:
First of all, you need to know about the market condition and need to know about blockchain, technology, and the crypto market.  You can get knowledge by reading books, articles, and videos available on the internet. Stay updated about the latest news that affects the price of the crypto market.

Demo account :
If you are new, you must try the demo account before starting Trading to build the skills and for a better experience. many trading apps provide demo accounts where you can learn about the behavior of the market in different situations.

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

Risk Tolerance :
Define your trading goals it,s may be short-term or may be long-term gain. If you prefer actively managing trading by market news then the shot trade is the best option for you. Profit and loss depend on the risk high risk may give you a high gain or high loss but a good strategy cover it deeply.

Design making:
There are two types of designs making people first emotional than can panic and sell when the marked down. And the other one is a person that never panics and trades like a professional  according to the strategy if sees that he is going to lose he starts holding long term

Reliable exchanges:
Choose that one exchange that good with the user and has a good background, Portability, Efficiency, security, and provides friendly interference in the market.

Secure investment:
There is lot of ways to scam you need to be aware of them and make sure your account didn’t access by anyone make it secure by password, and OTP(one-time password), and never share your recovery phase with other.

Demo account is important and practice practice practice. Don't be in a hurry.

[xSkylarx]

For sure it will be hard for newbie to understand some tips given to them since they can't visualize the given information by some people here. Much better for them if they just search a video guide about trading since there are lot of educational videos posted on youtube and maybe this could help them understand some certain situations that they need to learn since they can playback this for many times if they can't understand the informations or videos they watch.

For sure, newbies will somewhat find those tips helpful later on while they are learning. This is like when you've already gauged the trading; if you know the controls and the game, you'll start to find tips and tricks on it to make your gameplay better, which I've also done in trading. They may not understand it now, but for sure later on they will be coming back to check those tips.

[bitgolden]

For sure it will be hard for newbie to understand some tips given to them since they can't visualize the given information by some people here. Much better for them if they just search a video guide about trading since there are lot of educational videos posted on youtube and maybe this could help them understand some certain situations that they need to learn since they can playback this for many times if they can't understand the informations or videos they watch.

For sure, newbies will somewhat find those tips helpful later on while they are learning. This is like when you've already gauged the trading; if you know the controls and the game, you'll start to find tips and tricks on it to make your gameplay better, which I've also done in trading. They may not understand it now, but for sure later on they will be coming back to check those tips.

I think that requires a bit of an experience as well because while it would be better to learn how to trade before you start to trade and that would be a great thing if you could do that and there is nothing wrong with that and should be considered a situation that is better. However, if we are talking about the current situation to be a bit of a different situation then we are going to be able to do something that will be a bit better.

This is why I think it is going to be a combination of both of the things. You need to learn how to trade before you start and then you are going to be a bit of a situation where you gain some experience and have open eyes on trying to learn something that would be better for you to see what you learn while trading.

[blockman]

Demo account is important and practice practice practice. Don't be in a hurry.

That's even forgotten these days. Newbies are going to the actual trading without knowing that they can trade through demo accounts. Well, the exchanges should also advertise this so that the new traders can have an idea on it looks like to trade using a demo account.
That's the sole purpose of it but the majority of the newbies are going quickly with their trades because they think that they don't need it and experience is what they need to have. They have a point but it's most likely that they're going to lose money on their very first try unlike with a demo account, they can make mistakes there and learn from it unlike with actual money. Once they lose, they're actually going to lose that money they have deposited and used for it.

[ShowOff]

For sure, newbies will somewhat find those tips helpful later on while they are learning. This is like when you've already gauged the trading; if you know the controls and the game, you'll start to find tips and tricks on it to make your gameplay better, which I've also done in trading. They may not understand it now, but for sure later on they will be coming back to check those tips.

I think that requires a bit of an experience as well because while it would be better to learn how to trade before you start to trade and that would be a great thing if you could do that and there is nothing wrong with that and should be considered a situation that is better. However, if we are talking about the current situation to be a bit of a different situation then we are going to be able to do something that will be a bit better.

This is why I think it is going to be a combination of both of the things. You need to learn how to trade before you start and then you are going to be a bit of a situation where you gain some experience and have open eyes on trying to learn something that would be better for you to see what you learn while trading.

Trading tips can of course help beginners in the early stages of the learning process, but sometimes they also need a mentor to push them harder. Some newbie find it hard to maintain consistency and motivation especially in the early days but if they have a mentor then I think that can at least encourage more motivation and consistency.

Understanding trading strategies is something that not everyone can do easily, but mentors can help them gradually even though they are not responsible for the trading risks. Even if tips can help, but I think some people, especially beginners, always have a hard time understanding it on their own, and that's why sometimes a mentor is needed.

[usekevin]

That's even forgotten these days. Newbies are going to the actual trading without knowing that they can trade through demo accounts. Well, the exchanges should also advertise this so that the new traders can have an idea on it looks like to trade using a demo account.
That's the sole purpose of it but the majority of the newbies are going quickly with their trades because they think that they don't need it and experience is what they need to have. They have a point but it's most likely that they're going to lose money on their very first try unlike with a demo account, they can make mistakes there and learn from it unlike with actual money. Once they lose, they're actually going to lose that money they have deposited and used for it.

It was misleading factor many people who practice the real trading and they not ready to practice the trading using the demo account.The failure of demo account is due to two reason,one the new people don't know how to use the free account.Second many new people doesn't know where the demo account will be available.Demo account must be used to get away from the loss because when you get loss in the demo account.It won't affect your real money and your gain more knowledge from it.

[jaberwock]

If you want to make a profit by trading, you must take risks. Trading is not possible without taking risks. Traders who are highly skilled and experienced also take risks. As you said good advice for newbies is definitely try to learn, try to learn as well as try to gain practical experience. Newbies are advised to learn trading here and not rely on others' signals.  Relying on others is never self-education and relying on others is like risking money for no reason, so one cannot rely on others.

it's true that trading is not a shortcut to solving economic problems, but for beginners, it's time to learn first, after learning the theory maybe we can start to learn practice, and there it will be seen that there will be many difficulties that will be faced to make a profit. with these difficulties we will gain experience, and in this process we will gradually become more complete as traders, although no one knows for sure how long the process will take because it depends on ourselves

Of course, in everything we do, we have to learn it first, as well as in trading, there are many things that need to be learned before doing it, but what you have to remember is that crypto trading has a very big risk, even though it's worth it with the possibilities, it's not a solution. for people who are in economic difficulties, trading makes it possible to further exacerbate the situation.

I think it would definitely help a lot if you could learn it first and if you could end up making a good amount of profit as well. I realize that not a lot of people could end up with something that benefits them the most but that should be remembered that we are going to end up with a profit one way or another.

I get that people may not think that it will be a good thing that easily, but it should be focused more on the fact that we are going to end up with a great profit eventually. This is why it should take some time and we could end up making a profit one way or another. I realize that it's going to end up with a good result if we are careful about it, but that doesn't mean that we are going to give up that easily.

[gunhell16]

Hope this helps OP newbies coming into this crypto trading industry. Anyway, this is a great contribution of knowledge that you have made, and I hope that it will be read by newbies as well, of course.

I just hope that the newbies and other old members here who don't know the right exchange to find and trust will know so that the money that we will use for trading activities apart from Binance, Kucoin, Bybit and others will not be wasted. yet.

[shivansps]

DEMO account - is good for beginners and I encourage newbies to do this and acquire ideas, knowledge, and skills that we can apply in actual trade, However, we can't expect that it gonna be the same experience in doing actual trade because this will include mix emotions that certainly affect our decision making in when to buy and when to sell. Therefore, if we are already good at using a demo account, we can't say that we are also good in the actual trading scenario as everything will change, yet we can still apply the learnings we have.

I agree with you. Good idea. But using a DEMO account gives us some experience, it's a kind of simulator, without it it will probably be even harder in real trading. Yes, it does not give us everything that will be in real trading, but it is a very good way to practice

[CarnagexD]

DEMO account - is good for beginners and I encourage newbies to do this and acquire ideas, knowledge, and skills that we can apply in actual trade, However, we can't expect that it gonna be the same experience in doing actual trade because this will include mix emotions that certainly affect our decision making in when to buy and when to sell. Therefore, if we are already good at using a demo account, we can't say that we are also good in the actual trading scenario as everything will change, yet we can still apply the learnings we have.

I agree with you. Good idea. But using a DEMO account gives us some experience, it's a kind of simulator, without it it will probably be even harder in real trading. Yes, it does not give us everything that will be in real trading, but it is a very good way to practice

It is real trading. Because it generates real time price action. The only difference is there's no real money or risk involve which deals with one's psychology. So for beginners this will be very beneficial as they can test their strategy as many time as they want without risking any money or losing it at all. Those who said it's not useful are those who didn't backtest their strategy.

[Jocuserious]

It will be easier for the novice trader if he can master the information you provide. Beginners always get scammed because they get a false explanation from another person and that is a tempting profit offer. So they rush to invest without any consideration and their incentive is not at all advantageous. From this forum you can get as much knowledge as will help you to become a smart trader.
Here you will find many discussion on trading discussion option which is really appreciated so invite newbie trader to read article here to increase experience.

[South Park]

That is a very common problem with newbies traders, they want to win and they want their wins to be big and fast, and while there is nothing wrong with those desires, as who would not like for their trades to go their way, it is an unrealistic goal taking into account their level of skill, so they should start slow and use a very small amount of money on their trades so they can learn all what they can while minimizing their losses, but as you may guess those newbies do not really do this and they have to learn the hard way why trading is one of the most difficult ways to make money that exist.

Most newbies learn it the hard way, they either hear an influencer praising the cryptocurrency market and how profitable it can be for someone, or have seen a story of a person getting significant gains after investing in a meme coin, and they simply get excited after that and think that they can achieve great things in a very short period of time from here without knowing anything about or considering the risks involved with the investments.

They mostly lack the ability to do their own research, they expect a lot of things and don't see the negative aspects at all. Once they enter the market, take their first couple of trades, get some loss because they don't know much, that is when they come to know the reality that it is not as easy as they might have thought.

The issue is that it does not have to be that way, a newbie has all the time in the world to learn more about this market and about how to trade, and while there is not other way to reach the level of the pros other than trading, they could increase their level significantly by studying the markets, but by rushing their entry to this market thinking they can become rich in a matter of weeks they are basically sentencing themselves to suffer massive loses from which it is impossible to recover.

[Hamphser]

That is a very common problem with newbies traders, they want to win and they want their wins to be big and fast, and while there is nothing wrong with those desires, as who would not like for their trades to go their way, it is an unrealistic goal taking into account their level of skill, so they should start slow and use a very small amount of money on their trades so they can learn all what they can while minimizing their losses, but as you may guess those newbies do not really do this and they have to learn the hard way why trading is one of the most difficult ways to make money that exist.

Most newbies learn it the hard way, they either hear an influencer praising the cryptocurrency market and how profitable it can be for someone, or have seen a story of a person getting significant gains after investing in a meme coin, and they simply get excited after that and think that they can achieve great things in a very short period of time from here without knowing anything about or considering the risks involved with the investments.

They mostly lack the ability to do their own research, they expect a lot of things and don't see the negative aspects at all. Once they enter the market, take their first couple of trades, get some loss because they don't know much, that is when they come to know the reality that it is not as easy as they might have thought.

The issue is that it does not have to be that way, a newbie has all the time in the world to learn more about this market and about how to trade, and while there is not other way to reach the level of the pros other than trading, they could increase their level significantly by studying the markets, but by rushing their entry to this market thinking they can become rich in a matter of weeks they are basically sentencing themselves to suffer massive loses from which it is impossible to recover.

A common approach and behavior for someone who do just tending to start on touching up this market on which they are really having that kind of belief or mindset on which they are really that

trying out to go with that shortcut thing and realize later on when the time comes that you would really be that experiencing losses which we know that regret do always come at the end.
You would basically be able to make yourself be wary on the time that you would really be reading up other peoples experiences and ideas on which if you are really just that obliging yourself
on reading up with those things then sooner or later you would be able to make yourself that wary at least.

Just dont make yourself that greedy and dont make yourself that impulsive because if you wont really be following up these simple concepts or behaviors then you would
be finding yourself on some potential trouble or problem which you might faced on.

[TelolettOm]

Of course, in everything we do, we have to learn it first, as well as in trading, there are many things that need to be learned before doing it, but what you have to remember is that crypto trading has a very big risk, even though it's worth it with the possibilities, it's not a solution.

Both trading and investment requires serious learning. That's why the beginners shouldn't' hurry to spend money for crypto coins.
Learning becomes more important in crypto because it has a high risk and unpredictable. People with lack knowledge will have a big chance to lose money, it is because they probably feel panic and take a decision without good understanding about the problem/case.

for people who are in economic difficulties, trading makes it possible to further exacerbate the situation.

Do you mean people who has a problem with financial, he/she doesn't deserve to trade crypto?
I think everyone can trade crypto as long as he/she has good knowledge and use the amount of money they afford to lose. Trading shouldn't exacerbate the problem of financial if someone can trade properly. But surely that we can't rely on trading to solve the financial problem. There should be more efforts to have other jobs. Trading can't guarantee to give regular/constant profits daily. So, we still need other jobs that can offer regular income.

[mvdheuvel1983]

Trading Strategy:
As beginners, you need to set up a strong strategy for entry and exit points. There are a lot of experienced persons available on YouTube that provide you signals for entry and exit from the market. Stick to your strategy and avoid making emotional decisions based on market fluctuations.

As a beginner you are going to have losses. The most important thing is knowing how to manage your risks. And do not go about trying to adopt the strategies of 5 to 6 experienced traders. Stick to one. Adopt their own strategies and develop your as it fits you.  If you don't do this you are going to blow your account. A trading strategy plus good risk management will make you a successful trader. Remember a successful trader is not a trader without losses but a trader who knows how to manage their risks while sticking with a strategy.