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Author Topic: What should newbies do in trading?  (Read 1487 times)
Jewan420
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March 30, 2024, 02:43:35 PM
 #141

I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .

deathcode
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March 30, 2024, 03:22:07 PM
 #142

I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .

Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade. If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
the mistake many beginners make is that they think trading is easy.









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March 30, 2024, 04:44:48 PM
 #143

I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .

Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade. If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
the mistake many beginners make is that they think trading is easy.

But the real lesson is when they start their trading journey where they will find many experiences that will be the source of their knowledge, your advice is indeed good by suggesting that we first try to trade on a demo account where indeed I also previously did it in the experimental stage, but actually a demo account with a real account is different, not about features or how to use some indicators but what distinguishes it is in terms of mental and psychological, which means learning to understand how to trade that you can get by learning on a demo account but there is another thing that is also no less important is learning to control your mental and psychological which you will be able to practice on a real account where some people look very tense when trading on a real account while when on a demo account they are more relaxed because they are trading using fake money.

Tension can greatly affect the outcome of trading because in many cases people make wrong decisions due to anxiety and tension underlying the decision making which means obviously trading requires calmness in terms of making decisions. On the other hand the possibility of loss will of course always lurk anyone especially if they are a beginner who does not have much knowledge about the world of trading which means it is vulnerable to making mistakes that can make them experience losses, but if you have strong intentions and determination when the learning process then over time you will be able to develop into a better trader where there is a high probability that you will succeed in achieving consistent profits.

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March 30, 2024, 05:21:34 PM
 #144

I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
Demo trading is really just that good for the benefit on trying out to make yourself on having those kind of familiarizations on which we know that this is something that would really be that relevant
if you are really that eager on trying out to learn trading on which we know that it could really be that something that not too easy to handle specially when emotions. Its true that once you do deal up with
with demo then it doesnt really give out any emotions since you arent that risking something on which we know that it would really be not just that the same if we do deal up with trading with live account or real balance. There's so much difference when it comes to this aspect.

Newbies shouldnt really be trying out to rush up on doing trading because if you do put up yourself on too much desperation then you are really that putting up yourself
on such big trouble on which loses would really be keeping on piling up.

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March 30, 2024, 08:27:53 PM
 #145

I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .

Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade. If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
the mistake many beginners make is that they think trading is easy.

I added that Newbies should really focus on learning about crypto or bitcoin at the beginning. Be patient and diligent in learning about trading first. Don't even think about trying actual trading.

It seems that the baby should only be fed milk and not meat first because it will not eat properly and the real nutrients will not taste good either. The same goes for learning about trading.



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March 31, 2024, 06:16:32 PM
 #146

I think leaderboards help with that a bit. Because people like to be high in leaderboards, so maybe the fact that you are not using your real money could still be on your mind while trading, but if there is a leaderboard then you may want to be first, and if there is a special reward for it then it is even better.

That way there is actually a tangible thing that you need to be serious about, which is the results of the leaderboard and you can be trading for real to get that place. I know a place that does monthly leaderboard thing, gives people 100k first of each month, and whoever ends up with the most money at the end of the month gets a "trophy" at their account. Many people take it very seriously to win that award, I think that may help.
I do agree that would make people love the demo idea a lot more, but still there is a possibility that they may do crazier stuff than they would normally do if they focus on that. Someone who would take their own money seriously, could just go 100x leverage on something to just get the first place, and that is not all that much normal, I would say it is actually quite a bad idea in the end.

I realize that sometimes it is not that easy to figure out what to do when you are a newbie, but demo doesn't guarantee anything. Just like in life, this all depends on if you are a person who can take demo seriously or not, it depends on the person. Some people would use it and be great, some people would use it and not really do well at all.

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April 01, 2024, 07:07:53 AM
 #147

I think saving is better than losing.

You earn money by business  and deposit 5% or 10% of that money rather than losing it by trading.

Suppose you have $100. I think you will be able to earn $10-20$ using that $ in business. But by trading with $100 you are more likely to lose everywhere than actually happened to you.

 Deposit it without trading  with your remaining $45 and think about business .
frankly speaking trading might not be for everyone, but business too, what can someone do with the remaining amount of money, if its dropshipping, most of people prefer direct buy towards the seller by importing goods dropshipping is not a good profitable business anymore.
if its other business, i doubt that money will suffice, best bet would be investing in a new coin that might be risky but find one that have good quality then there's chance of turning that money into bigger money to start out business.
I doubt with that amount of money you can kick start any business anyway, definitely investing is better here, trading if what a person experiences are just loss and loss one after another maybe they don't suit trading and might not have the talent.

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Y3shot
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April 01, 2024, 09:31:21 AM
 #148

I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
Reading articles concerning trading and and facing the reality of trading which is trading with money are not the same. You can get the whole knowledge from reading books about trading but it doesn't makes you if you starts trading you will start making good profit. No matter what you have read to gain knowledge in trading never use big amount of money for trading as a beginner.  Start with small amount and learn , get experience about the market.

Amount of time you trade and your experience will teach you more than what you have gotten from trading articles by reading. Beginners should not be too fast to use big money to trade, using small amount of money is still part of learning trading. Using big amount of money to start trading is a waste because you will still definitely lose because of lack of ideas and experience.
nurilham
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April 01, 2024, 06:39:46 PM
 #149

Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade.
It is a must to learn first, beginners are required to have sufficient knowledge. The problem is many beginners directly try to trade because they assume they can learn gradually by practicing the real trading. Unfortunately, many beginners failed to do this way because they don't understand the proper way for trading. Beginners must understand that there is a time for learning and there is a time to start trading.

If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.
Demo account won't improve the experience. It is just a tool to demonstrate what the basic things to do in trading.
If we want to gain experiences, we must get it through real trading. But before thinking for gaining experience, it is better to ensure we have enough knowledge firstly.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
Of course there will be a high chance for losses if the beginners have lack of knowledge. How they can succeed if they don't know which the proper strategy to do in trading? Moreover, the market trend is easy to change, beginners with lack knowledge will panic and can't deal with the unpredictable situation. Most of them probably decide to exit or sell for losses.

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April 01, 2024, 06:40:10 PM
 #150

What a newbie should know before trading is that he should go into the background of the trading and know all the fundamental technical analysis so that when ever you come to trading, you won't find anything too difficult. Because most people's fail when they come trading it because they're lack of knowledge about it and also experience, that's why it's know good to advise a person who does not engage his or her and familiarity with trade to start it, rather than give advice to invest in Bitcoin or some of the coins that you see that you can afford to buy so that even when you come losing, you won't lose so much of your money.

Morever, I can even say that people who lose in trading are mostly biginners, because they wait to have proper knowledge about trading before starting and don't want to study the risks that are involved. That's why they mostly fall victim of losing.

GeorgeJohn
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April 01, 2024, 11:18:18 PM
 #151

I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
if you want to make a profit in Trading you don't need to rush into trading without understanding the concept many people today who is rejecting threading it is because then join trading with that learning and also read the articles of trading before the establish to trade on their own when you understand the concept of trading there's nothing we make you to lose more expectation because you have already noticed the basic format of it and you cannot allow yourself to be victims that lose in trading constantly..sometimes what makes people to lose in Trading is because of lack of understanding of its concepts.

Aside from basic fundamentals of trading, and other things you should study.

You need to control yourself, especially when entering a trade after you lose a trade. Don't rush yourself making a big profit, keep it at a steady phase, don't expect too much from yourself since you've just started your trading journey. It's important also to don't quit if you really want trading as your source of income. Don't afraid to try new things, that'll help you grow as a trader and a person.
the primary assignment of someone who want to venture into trading is to understand the concept of trading first and they also make a serious practice of trading before,  venturing into trading, its obvious and understanding that without your commitment in trading you will not understand the gist of trading, actually trading when you don't know the concept fully is at risk, when you have comprehend trading very well not will make you not to profit on it, that's my own ethics towards trading.


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nara1892
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May 02, 2024, 03:32:51 PM
 #152



Beginners who are interested in trading better learn and have more knowledge in trading before starting to trade. If you want to gain trading experience, it would be better to use a demo account first or do it with a real account but use a small nominal amount.

there is indeed a high probability that beginners in trading will receive losses. but the risks can be reduced if beginners prepare themselves well before starting.
the mistake many beginners make is that they think trading is easy.

I added that Newbies should really focus on learning about crypto or bitcoin at the beginning. Be patient and diligent in learning about trading first. Don't even think about trying actual trading.

It seems that the baby should only be fed milk and not meat first because it will not eat properly and the real nutrients will not taste good either. The same goes for learning about trading.

True however we must build a foundation first by learning various things related to the world of trading at the beginning of the involvement, never think about making a profit first because in the end you will most likely have the same fate as some people who eventually fail and even waste a lot of money due to losses, and that's what will happen when you come in a hurry to make a profit, however everything must be done by having a good basic understanding along with having the intention and determination along with strong consistency in terms of learning which will add to our insight and knowledge related to the world of trading and that is our initial capital or foundation to make a profit. Like the parable you said above that a newborn baby should be started by giving them milk because their stomach is not yet strong enough to accept some common foods such as those consumed by adults in general because it will endanger a baby and obviously this can be equated with a beginner who is just entering the world of trading where the initial stage should start with something not too significant, meaning don't jump straight into the market and better understand and learn many things related to the world of trading, otherwise you will only waste money and time.

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leonair
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May 02, 2024, 05:33:44 PM
 #153

I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
Good to see that you have at least trying to learn about trading  some of US they even don't know the name of Technical Analysis and what is psychology effect on trading. Anyway even then you have a  acquire some knowledge about trading I will say that there is still the risks so in this that  much fund what you can afford to lose. I can also start with Bitcoin long term strategy like DCA method which is with low risk

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May 02, 2024, 05:52:14 PM
 #154

At this moment you should not use any money in trading, because trading is very risky. You can never make money from training if you don't fully understand trading, if you make some money you can lose more than that if you don't have knowledge about trading. You have to work hard in trading. You have to be perfectly prepared. Because all the money is lost because of a small mistake in trading. So prepare yourself in such a way that there is no error while trading. then you can make money from trading.
Behind the risks involved in trading, of course there will be profits when we can understand the risks we face in trading and it would be better to postpone trading when we don't understand it well and first study it well so we can trade well. get benefits from this and when we just understand trading then we have to try it with little capital and have to make decisions with correct analysis based on the knowledge we have and if we still experience failure we have to be able to improve and return to trading to be able to have profit on the trade.
Trading is very risky and we just have to be prepared for the market and try and earn some living in a way that we can be getting some funds to keep trading with bigger profits. Making money in trading is never easy for us and it is important for the newbies in trading to make sure they learn very well before indulging in full trading time. Newbies are mostly affected in trading because sometimes they might not be ready to read and study to show themselves approved. Learning is the only way we can improve in trading.
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May 04, 2024, 06:31:01 PM
 #155

Making profits when green days are almost possible for everyone and the opposite when we are on red days. Not just newbies, almost everyone deserves a break when things are not going way in that way which will give us time to analyze and restrategize after understanding what and where things are not working out. And trading with small capital isn't profitable as such a huge capital so higher capital will ease things when we got every skills needed to trade.









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johnsaributua
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May 04, 2024, 11:55:16 PM
 #156

Maybe you are still trading until now, the way I trade is as easy as I see it, when the pump I sell and when the price is cheap I buy. Maybe this way I often use and do not care about how many % spikes because for me collecting decimal coins that are being analysed is the goal even though the pair is declining, especially the capital that must be added. Do not make a habit of trading out of curiosity the results of the fomo community are too strong because they could have bought / owned it much earlier. There are many ways to get capital among them can hunt airdrops and other bounties, later capital from there you can get a reward and you can use it.

Trading today is like an estuary, not only you but even I also used to have the same thought. But if you want to get fiat even now, we will sell it and exchange it for fiat, the proficiency of a person's trading is different but as you often try and learn you will know the tips and tricks when selling coins because the marketcap is different every day.

pusaka
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May 05, 2024, 09:53:09 AM
 #157

I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it
Good to see that you have at least trying to learn about trading  some of US they even don't know the name of Technical Analysis and what is psychology effect on trading. Anyway even then you have a  acquire some knowledge about trading I will say that there is still the risks so in this that  much fund what you can afford to lose. I can also start with Bitcoin long term strategy like DCA method which is with low risk
The point is, never get bored of continuing to learn, the more we learn, the more time goes by, the more it will make us become good traders. You must also learn while practicing, because theory may be easier to understand in trading than direct practice. Because in studying (theory) there is nothing that makes us mentally motivated, whereas when doing practice, apart from having knowledge, we also have to have sufficient mentality, including controlling emotions.
There is nothing impossible for us to do as long as we don't give up and continue to update our knowledge. Because that will be the main basis. We also have to form a good and correct mindset, lest we think that by trading we will quickly become rich. That would be dangerous.

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May 05, 2024, 02:24:01 PM
 #158

As far as I know, if you trade with money without fully understanding about trading, chances of losing that money are very high. Or we can say that if you trade with money without learning about trading, it will definitely be lost. So I haven't used money in trading so far, I'm trading to learn on demo account, and I'm collecting different information about trading from different places online. I will not trade with money until I am fully proficient in trading. Because I earn very hard, I don't want to lose my hard earned money by using money without understanding anything. Don't do this either, it is better not to trade with money until you are proficient in trading and understand everything about trading well.

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May 15, 2024, 05:12:28 PM
 #159

Quote from: jrrsparkles
Making profits when green days are almost possible for everyone and the opposite when we are on red days. Not just newbies, almost everyone deserves a break when things are not going way in that way which will give us time to analyze and restrategize after understanding what and where things are not working out. And trading with small capital isn't profitable as such a huge capital so higher capital will ease things when we got every skills needed to trade.
As a newbies, you have to watch the green candle light like some days or weeks before you can take action either to trade to make profits from the market or wait to observe the green candle light to know what to do at the moment.

When the red candle light show up, all you need to do is to wait at the moment and watch the market price to know, if the bear run is about to take place or planing to turn to green candle light for those that are still hodling to use the period to earn from the market.

If you have big capital and you still have the skills of trading, it will bring you more profits that will make you to establish other businesses to have surplus money to always invest in BTC.

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May 15, 2024, 05:53:36 PM
 #160

Quote from: jrrsparkles
Making profits when green days are almost possible for everyone and the opposite when we are on red days. Not just newbies, almost everyone deserves a break when things are not going way in that way which will give us time to analyze and restrategize after understanding what and where things are not working out. And trading with small capital isn't profitable as such a huge capital so higher capital will ease things when we got every skills needed to trade.
As a newbies, you have to watch the green candle light like some days or weeks before you can take action either to trade to make profits from the market or wait to observe the green candle light to know what to do at the moment.

When the red candle light show up, all you need to do is to wait at the moment and watch the market price to know, if the bear run is about to take place or planing to turn to green candle light for those that are still hodling to use the period to earn from the market.

If you have big capital and you still have the skills of trading, it will bring you more profits that will make you to establish other businesses to have surplus money to always invest in BTC.

Candle is nothing but an indicator we prefer, and as far as my technical analytical knowledge of crypto people users 24 hr handle as the most longest not weeks in candles form because it's something that is preferred by the short-term traders so days or month is irrelevant here.

The nature of the crypto market itself volatile, you can't predict which way the price will go in the next second, you can't say that you can make consistent profits but definitely you can minimize loss.









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Mars,           
here we come!
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ElonCoin.org.
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.
"I could either watch it
happen or be a part of it"

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