Newbie traders, work on yourself.

[Distinctin]

Trading is certainly an individual’s knowledge and skills, and should be developed on your own self through accumulation of first hand insights and experiences that will definitely build you to be a reputable and reliable trader. If you can do that successfully, most likely majority of your trades will create a positive outcome, and a successful profit.

While trading can be build and developed all by yourself, a lot of us here are still seen being reliant to other’s market analysis skill and knowledge because they have seen successful trading from them. This makes an unhealthy trading because you depend your success from other people which I think is certainly not a good practice for a responsible trader.

[redsun114]

A lot of newbies these days depend on copy-trading which is available in almost every trading platform. It makes it easier for them to make trades while having a better potential success rate than when they do it manually. To be honest, I've never tried copy-trading myself and I don't know how it works and whether it's effective or not, but if it's effective, I would say it's much better than paying random people to join their signal groups and make trades according to them which are mostly not right.

However, these methods are only for short-term profits, when it comes to long term and if someone wants to make trading a career for themselves, they will need to dive deep and start gathering knowledge and information so that they can make their decisions effectively even if there is no assistance available from a third party.

[el kaka22]

This is so true, getting to become a better trader definitely helps a lot of people. It is not that easy to keep it going that way and should be something that we need to care about one way or another. If you keep working and become better, it will benefit you all the while better, and your results will not be too bad.

I understand that we can't really make it change any other way, but it will definitely be something that will not be all that easy. So keep it going as far as we could, and it should be something that takes some time. Forget about what you think you already know, start from zero, and hope that you will do better, that way you are going to end up with a much better result and you should be doing a lot better when the time comes.

[kingvirtus09]

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

Most of the newbies who enter crypto trading are excited to make money, even though they don't know anything about the trading business they are entering. That's the problem with most newbies; I don't understand them all.

Instead of knowing and studying what's going on first, they get carried away by just the hype and what others say, and there are still many such styles in this era, to be honest. Then we should also remember that profit always depends on the knowledge that we can learn and study, not that we are always led by hype.

[Dzwaafu11]

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

Relying on a trading signal is never an option for traders; it doesn’t favour traders, especially newbie traders who have just joined trading and don't have any knowledge about it. The worst mistake these types of traders will make is to rely on signals. However, the reason why signals don’t favour traders is because, as you said, they were not analysed by them. So they may not be able to set them up correctly, and it will cause you to lose.

Although using signals itself is supposed to be done by professionals, even with that, they shouldn’t rely on them because it makes traders lazy and they don’t know any updates on the market since they have already used signals that trade for them. And for newbies, it will discourage them from knowing much about trading, so that’s why I always don’t support trading signals.

A lot of newbies these days depend on copy-trading which is available in almost every trading platform. It makes it easier for them to make trades while having a better potential success rate than when they do it manually. To be honest, I've never tried copy-trading myself and I don't know how it works and whether it's effective or not, but if it's effective, I would say it's much better than paying random people to join their signal groups and make trades according to them which are mostly not right.

Copy trading is better than signals, in my opinion, because signals don’t work all the time and may start malfunctioning after you have already set them up and put in some money, thinking that it will help to generate profit automatically. But for copy trading, you must not copy a strategy that someone uses and loses their money, and it will be clear to you that although both of them did not last for long, they only took some time. Therefore, for someone who wants to be a successful trader, knowledge must be the first thing they should acquire if it will guide them in any situation in the market.

[South Park]

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

Another point that is often missed by newbies is that not everyone can use the same strategy, so even if they were using the signals of a good trader, maybe the risk is too high or too low for their tastes, or maybe it requires a great deal of precision, maybe it requires they pay attention to the markets for a period that is too long as trading is not their main occupation yet, so too many circumstances have to be taken into account in the elaboration of a strategy, and they will be better-off studying the markets and creating a strategy that fits them perfectly.

[Fredomago]

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

Another point that is often missed by newbies is that not everyone can use the same strategy, so even if they were using the signals of a good trader, maybe the risk is too high or too low for their tastes, or maybe it requires a great deal of precision, maybe it requires they pay attention to the markets for a period that is too long as trading is not their main occupation yet, so too many circumstances have to be taken into account in the elaboration of a strategy, and they will be better-off studying the markets and creating a strategy that fits them perfectly.

Good point! Not because it's working to someone means that it will also work for you,  there are many factors why a trader will position his trade and without that knowledge,  you can easily be moved by uncertain situation where panic will be dominated and push you to change your position,  unlike with  experienced traders where they can overcome those circumstances and they can continue with their setup plans.

You need to work hard with your knowledge as it will be your key to success in this kind of venue of investment.

[mirakal]

Everyone here started from scratch and work on their own, except for those who have no plans to develop their own potentials and be successful. But when it comes to trading, which known to be a battle of brain and emotions, you should play the game smart and wise, otherwise you will always end up losing in trading because you never know how to play to win.

While other newbies before have reached already certain positions at the moment because of their hardwork and resilience when it comes to trading, some still stay the same to where they are, still struggling to win over their  trades while relying from other successful traders. I believe traders who are like this have never actually understood the concept and value of trading, otherwise they have worked already on their own and build their best potentials so they can trade and still come out profitable whatever the market condition.

[sheenshane]

Everyone here started from scratch and work on their own, except for those who have no plans to develop their own potentials and be successful. But when it comes to trading, which known to be a battle of brain and emotions, you should play the game smart and wise, otherwise you will always end up losing in trading because you never know how to play to win.

Ain't know how this will work, you'll play the game smart and wise in trading which is unrealistic IMO.
Trading isn't talking all about making a profit, sometimes through your loss you'll learn and there will be progress in your trading activities to make it better in the future.  In short, losing is a part of your progress before you become successful in trading.

Trading is indeed a battle that unfolds the field of both intellect and emotions.
Playing the game wisely involves understanding the market situation, managing risks effectively, knowing how to stop loss, and keeping emotionally aware.  Because IMO, success in trading is not just about participating, it's about playing to win, and without strategic skills or knowledge, and the ability to adapt to market changes, one risks falling prey to losses.

[Lantind]

Most of the newbies who enter crypto trading are excited to make money, even though they don't know anything about the trading business they are entering. That's the problem with most newbies; I don't understand them all.

Instead of knowing and studying what's going on first, they get carried away by just the hype and what others say, and there are still many such styles in this era, to be honest. Then we should also remember that profit always depends on the knowledge that we can learn and study, not that we are always led by hype.

Beginners who are new to crypto trading will certainly be very excited to be able to earn income from the trades they make, for beginners who try trading by knowing about crypto as a quick way to get rich, they are not aware of the risk of losing their money if they enter the market with don't have any knowledge about crypto trading, so it would be good for every beginner who wants to trade crypto to understand well, don't just hear from people who have made profits and don't understand well the risk of losing money if they make the wrong decision in choosing the type of crypto which they will trade.

[KingsDen]

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

I have never been against those using trading signals, my problem with them is the misuse of such trading signals. I have never used a trading signal before but that does not mean that signals do not work neither does it mean that I am against the use of trading signals. In this cryptocurrency industry what matters is knowing a good method of earning money from the industry and not necessarily the means by which you earn the money. Every one must not be the hard working type of people, there is a room for smart work and anyone who is able to earn continuously from signals is a smart earner. And I really applaud those kind of people. If everyone discovers the way to earn from signals, I think everyone would abandon trading by themselves. Just because this signals fell sometimes as well as the real-time trading fails that is why everyone has not embraced signal trading.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

The gross mistake that newbies make is to start earning from the cryptocurrency industry by using trading signals. Thesw signals will make these newbies not to know how to trade themselves maybe till forever. And when a trader does not have the idea of the technical analysis or the candlesticks, they will tend to use whatever signal given to them whether correct or wrong. But when a newbie has some basics of trading skills they will be able to decipher a good trading signal from a bad one. By so doing they will not always fail when the signal fails.

[Rayan Oscar]

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

It is very important to build one's self than solely relying on third party signals. You have more confidence and trust in what you do yourself than what you get from the next person.

And one major problem; account size varies so yours might not be the same as the one posting the signals so your both stop loss and take profit can't be the same. Hence, your trades tend to be more risky than you thought which is a bad account management measure.

[Hamphser]

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

Its not bad on making yourself that relying with 3rd party or whatever external sources that you could really be able to read on, as long you would really be also making your own research and you wont really be finding yourself that relying only with those informations but rather you would really be making more research and would really be unstoppably learning on different ways or methods on which trading skills
isnt really that something that you could really be able to learn it overnight. This is why it would really be important that you should really be that patient when it comes to learning things
because if you do rush up on learning things then this is where mistakes do really start on.

[Miles2006]

Common mistakes of those newbies in trading are being hyped and excited about the profit they are seeing when they see advertising or influencers that are flexing their earnings from trading. They think it is easy as that without knowing that those influencers or ads don't show the hardship or grey part of trading.

I believe a lot of people go into trading due to these advertising and flexing, you can't really tell why people choose to do some certain things but I'm confused people trade due to these flexing and hype. Sometimes when I hear people stories on how they started trading or I watch motivational videos online concerning their early stage, they'll always indicate it was not easy and of course you must lose to win, this is the common principle of trading and newbies should get used to loss for them to last longer in the game.
Some newbies seems to be very smart and I've seen most of them condemning signals, it's best to learn rather than relying on someone else.

[husencoe]

Newbies should just forget about relying with shortcuts and trade signals but none of them will help them thrive to be a good trader. But if they want to taste how it is going to be with having bad experience then they can try if they are okay burning their money.
Because no matter how they shill these groups and trading signals, only owners of it will profit.

I'm absolutly gree with you. In the end only the owner of the trading signals will get benefit from the consulting fees and their services.

Rather than spending money on that things which is very uncertain, is the better to learn independently from websites and YouTube and then prove it yourself in the market. Maybe signals from other people will help a little, but without your own analysis it will be course backfire someday. If this happens, who is to blame?

[rodskee]

This is why Entering this forum is the luckiest investors or traders we ever had as they are open
to listening and understanding each threads here for them to stay safer in their venture investing here in this riskiest market.

Newbies should just forget about relying with shortcuts and trade signals but none of them will help them thrive to be a good trader. But if they want to taste how it is going to be with having bad experience then they can try if they are okay burning their money.
Because no matter how they shill these groups and trading signals, only owners of it will profit.

I'm absolutly gree with you. In the end only the owner of the trading signals will get benefit from the consulting fees and their services.

Rather than spending money on that things which is very uncertain, is the better to learn independently from websites and YouTube and then prove it yourself in the market. Maybe signals from other people will help a little, but without your own analysis it will be course backfire someday. If this happens, who is to blame?

The reason why we must not just pay for those signals as most of them are scammers that promises
are not coming into reality and we will lose our investing and not getting any good from them.

[Fredomago]

Common mistakes of those newbies in trading are being hyped and excited about the profit they are seeing when they see advertising or influencers that are flexing their earnings from trading. They think it is easy as that without knowing that those influencers or ads don't show the hardship or grey part of trading.

I believe a lot of people go into trading due to these advertising and flexing, you can't really tell why people choose to do some certain things but I'm confused people trade due to these flexing and hype. Sometimes when I hear people stories on how they started trading or I watch motivational videos online concerning their early stage, they'll always indicate it was not easy and of course you must lose to win, this is the common principle of trading and newbies should get used to loss for them to last longer in the game.
Some newbies seems to be very smart and I've seen most of them condemning signals, it's best to learn rather than relying on someone else.

This is a common principle which, most of the time, motivational speakers shared when they speak up or shared their videos online. I think it's better to know the downs of this business before focusing on the ups, knowing what you achieve, the things that you will encounter and how you should work on. Achieving it's not an easy task if you look into reality, but the success that you can achieve will be fruitful in terms of financial stability.

[Kelward]

It's not good for newbies to rely on what they hear on social media to qualify how trading is, because most YouTubers and other social media analysts will paint the picture of how you can make easy money online, and crypto trading will be one of them. I was lucky that I joined this forum and was thought the hard truth that trading is hard, and it's not a get rich quick scheme.

Experience is the best teacher, after getting all the guidance and necessary knowledge about crypto trading, there has to come a time when a newbie must trade on his own, it's inevitable, unless he doesn't want to increase his confidence and be independent to make choices. It's ok to experience some loses, from there the newbie will try different strategies and arrive at the one that'll suit him most.

[deathcode]

It's not good for newbies to rely on what they hear on social media to qualify how trading is, because most YouTubers and other social media analysts will paint the picture of how you can make easy money online, and crypto trading will be one of them. I was lucky that I joined this forum and was thought the hard truth that trading is hard, and it's not a get rich quick scheme.

Experience is the best teacher, after getting all the guidance and necessary knowledge about crypto trading, there has to come a time when a newbie must trade on his own, it's inevitable, unless he doesn't want to increase his confidence and be independent to make choices. It's ok to experience some loses, from there the newbie will try different strategies and arrive at the one that'll suit him most.

Some beginners in trading are not very confident in their analysis and abilities. instead, they trust the signals they get from the group more, we often encounter this situation. we cannot blame beginners in trading for not following signals. because they can judge for themselves whether the signal given is accurate or not.
it is indeed better for beginners to consciously develop their own trading experience and skills. Thank you if someone can direct it. But if not, there are many ways to learn on your own that you can do.

[Yamifoud]

Trading is certainly an individual’s knowledge and skills, and should be developed on your own self through accumulation of first hand insights and experiences that will definitely build you to be a reputable and reliable trader. If you can do that successfully, most likely majority of your trades will create a positive outcome, and a successful profit.

While trading can be build and developed all by yourself, a lot of us here are still seen being reliant to other’s market analysis skill and knowledge because they have seen successful trading from them. This makes an unhealthy trading because you depend your success from other people which I think is certainly not a good practice for a responsible trader.

A copy trading comes from the thinking that they could make a shortcut in trading and earn a profit faster. They assume that by following these successful traders and using their strategies they could be like them which is very unfortunate that never happens in real life. Many traders have been in such a situation and yeah, they all had failed.

Because in order to succeed in trading, we must trust ourselves more than we trust others. To reach success, we also have to carry ourselves there. We may learn from others but that doesn't mean that we have to rely on them for a long time instead, continue our journey on our own.