Trading tips that helpfull for beginners

[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.

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[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.