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Trading as a newbie - advice?
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Topic: Trading as a newbie - advice? (Read 507 times)
Maslate
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Re: Trading as a newbie - advice?
July 27, 2023, 06:31:54 PM
#81
Quote from: JamesDaniel90 on July 15, 2023, 01:49:12 PM
Hi I want to get into trading and just wondering if anyone has any advice on how to get started?
I am not expecting big things straight away but want to at least learn the basics.
I have been looking online for a book to buy to start things off does anyone have any recommendations?
This two books below have lots of good reviews are they good for someone new like myself? ..
https://www.amazon.co.uk/Trading-Strategies-Replicable-Techniques-Management/dp/B09WZ296F2/ref=mp_s_a_1_2_sspa?crid=2RZ07ID9WJP3L&keywords=trading+for+beginners&qid=1689428852&sprefix=%2Caps%2C69&sr=8-2-spons&sp_csd=d2lkZ2V0TmFtZT1zcF9waG9uZV9zZWFyY2hfYXRm&psc=1
https://www.amazon.co.uk/How-Day-Trade-Living-Management/dp/1535585951/ref=mp_s_a_1_3?crid=2RZ07ID9WJP3L&keywords=trading+for+beginners&qid=1689428852&sprefix=%2Caps%2C69&sr=8-3
Trading as a newbie is certainly hard and even risky. Even if you’ve read books, articles, or watch videos, trading is always hard especially in the beginning but if you keep the experience and learn from it everytime you fail or lose, then eventually you’ll get better trading in the market along with time. That’s why when trading, reading is good but not actually beneficial because in the long run, experience will always matter the most and on how you deal with market changes and price volatility.
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Re: Trading as a newbie - advice?
July 28, 2023, 04:49:40 PM
#82
Quote from: Kelvinid on July 27, 2023, 12:40:07 PM
Reading books and watching online tutorials, well, they are enough already to learn but it was much better to have a mentor that guides you for a few days in trading. If we have a friend who already has an experience in trading, we approach them and gain ideas. Because we can't be good enough in trading just having all of those stuff but having an experience would give us more learning and ideas. Generally, we usually got caught up in applying it in live trading, we usually fail because of our emotions.
Those three combined would be enough for anyone to be a great trader. Obviously there will always be a lot of people who are not going to do them properly. There will be people who either do not read about it, or watch about it, or not go into it with a mentor but instead read what an influencer wrote and just buy that and think that that's mentorship, it's not.
Those influencers get paid to share stuff, which means that they do not care if that token goes up or not, they take their money mostly in BNB, so they do not even accept the token they are suggesting you to buy. Hence, in the end we are talking about a situation where you are not going to end up profiting if you do not study. Or we also have type of people who study, but very short, like just a week or so, and think they are ready.
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