Trading tips that helpfull for beginners

[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?

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[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.