Newbie traders, work on yourself.

[letteredhub]

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.

[Assface16678]

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.

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. Trading has a lot of chances of losing money depending on how competent and skilled you are. Trading is a continuous learning and trial and error. If you can't handle the thought of losing money, then it can't be sure that you can survive in this industry.

There are many posts or topics about advice or reminding new traders of what they should do and not do, but it will not be effective if they don't read those topics. How about those traders who are not familiar with this forum? How can we reach them about this kind of topic so that they can avoid what they are doing wrong in trading?

[GreatArkansas]

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.

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. Trading has a lot of chances of losing money depending on how competent and skilled you are. Trading is a continuous learning and trial and error. If you can't handle the thought of losing money, then it can't be sure that you can survive in this industry.
(...)

I can relate and most newbies will also. Because of social media platforms, a lot of people taking advantage it, and some newbies are expecting too much because also by them, they are luring these people just to sign up under their referral link and some are using fake accounts or screenshots just to show they are profitable.

[leonair]

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.

Newbies not know about the trading strategy and how to work it actually that's why they asking like this. because they think trading is easy and it can bring a good profit and it only require investment but they Don't know this is high risky and it require a potential analyses to get a good return of profit. trading not for everyone they actually not ready to accept it. but when they achieve some knowledge then they realize what kind of mistake they did on beginning lavel

[EarnOnVictor]

I must say you have good points there but that's for those who want to become traders, some people are not just interested in becoming traders, they want to just earn from the market. You will be surprised that many of them are even earning more in the market compared to those who want to become traders who are just losing their money always. This is not to discourage anyone, if you want to be a trader, just go for the learning, train yourself and gain experience. This is because even if you have a trader you rely upon today, what if something happens to the trader or you just lose access to the service/signal source? This is why one has to be independent, but you might do the two together as you might start by learning and also gaining the expert's advice/signals from the external sources until you break away when you are good and are sure of the independence of any external traders.

But to some, they do not just have the time to trade and they want to earn from the market, this is why they might either look for the services of bots, external signal services or copy trading. Among all, I am sure that copy trading is working for some of them. In fact, some have mastered it as a follower to the extent that they know how to join different accounts at the same or different time and continue to master and manage their followership. They make money from this and are not even bothered to become a trader anymore. Now, it absolutely depends on what you want in trading and how you also view this. Many are following and making the money and others are trying to build their trading career and are losing. The copy trading services started over 15 years ago, not the crypto era, so some are also used to it and it works for them.

[batang_bitcoin]

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.

[Yamifoud]

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.

Newbies not know about the trading strategy and how to work it actually that's why they asking like this. because they think trading is easy and it can bring a good profit and it only require investment but they Don't know this is high risky and it require a potential analyses to get a good return of profit. trading not for everyone they actually not ready to accept it. but when they achieve some knowledge then they realize what kind of mistake they did on beginning lavel

A common problem is that newbies pretend to be knowledgeable about trading but they are empty. They just know how to buy and sell but it is not enough to become a profitable trader, it actually needs deep understanding and technical knowledge.

I would not recommend them to learn trading alone but better to have a trusted someone to accompany with. However, doing this would never be long at least gaining some experience and ideas about the real trading life will be good enough to stand and trade alone. In fact, everything can be learned as we continue to trade - learn from mistakes. Perhaps, nobody had started with full of knowledge and skill but they acquired this along the way. We can do the same for sure...

[AnonBitCoiner]

I think there is not a bad thing if someone depends on technical analysis because at start no one can easily understand the market and no one have any idea about their next step so for such purpose they should learn well and take some help from various groups but after investigation.

I think a person should learn for year to learn about trading and if still he requires more time he should give time to get knowledge because trading is not easy and spending time to learn is better than spending money to loss during trading without knowing about trading.

[MFahad]

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.

Well said mate. it is very important for Newbie traders for learn and understand trading by themselves. and also have good self awareness. even if any newcomer want to follow a trading expert, a signal provider or seek any other help. it is important to have basic understanding of charts and market at least.
You cant 100% rely on signatl providers and blindly buy any tokens/coin they suggest at any rate. you need to see the charts and have to understand how much they can be correct. otherwise you would end up loosing all your money in this place.
spending  some time learning instead of loosing money is much better.

[Sophokles]

You have to understand that trading is a skill and you need to have the right mindset to be a successful trader. We all have different mindsets, so if we are not confident enough with our mindset and knowledge, then copy trading is the best option we have. Follow the best trader in the market and you can earn as much profit as that trader made only by paying a small amount of fees. Developing a professional trader mindset is a time-consuming process so for the long term a newbie should work on that.

[Negotiation]

You are quite right by opening trades in new position without reason, they lose most of the time because they open without understanding which they have to accept loss. If the newbies give importance to skill weighting at the moment then later it will be seen, that if their skills are good then there will be chances of winning in every trade. New trader can lend itself to trading then trading can bring them a good profit in future. Although there is a preference here, trading can be made a very profitable career if the newbies use it to hone their skills right now.

[lombok]

Logically and theoretically, Newbie's way of working should be like that, but in reality it is very different. Judging from a psychological perspective, people will be more interested in easy ways but with big profits, coupled with the influence of social media which is not filtered at all. There are many invitations or traps for trading and investing that are packaged nicely and make newbies and even anyone who has ever experienced trading tempted. We should care and try to protect ourselves and our family, friends and even people around us so that we don't get caught up in this and start walking in a structured manner as OP said. But unfortunately, if I observe, people who are pros and know about this matter prefer to remain silent and indifferent, so many people/newbies make mistakes and lose.

[Awaklara]

Relying on trading signals that are distributed for free or for a fee will not create development for traders. especially for a beginner, how long do you have to use analysis from other people? why not believe in your abilities?
There is even a beginner who claims that he learned to trade himself from watching videos on how to trade on YouTube. That means, there are many ways for us to learn trading. There is no reason we don't have time to learn and instantly use the signals we get.

[Barikui1]

You are actually right bro, nothing beats when you can do it yourself, and almost all of those social media influencer as not as good in trading as they claim, that's why even after buying trading signals from them, their will still be loss, sometimes their will be a sharp change of trend or direction in the market, but due to the fact that you knows nothing about trading yourself, you wouldn't be able to spot it, that's where almost all the losing normally comes from when an individual rely mostly on signals from a second party.

Another thing is that newbie need to understand that it's near impossible for you to be a profitable traders if you have no knowledge yourself about trading, that's why I always echoes it loud that before venturing into trading, make sure you go for knowledge first, get yourself sophisticated with knowledge about the craft first, so that you can be able to navigate your way easily in the crypto market.

[Issa56]

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.

When I see newbies try to use trading signals, I do tell them they are taking the wrong step and they should learn to do their analysis themselves and trade by themselves. Some will listen, but some will say they don’t have time to waste and they want to be making money from trading, but people like that will end up losing everything they have in trading. People using signals don’t really have passion for trading, most of them just hear that people are making money, and they also want to make money from trading, but they are not ready to learn.

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

If you want to be a trader, then you should be ready to learn. Learning should be a continuous process as a trader because you have to keep on upgrading your trading strategy, you can’t keep on using a particular signal forever, you will always improve your strategy, and if you stop learning at some stage, then you won’t be able to improve your strategy.

[the rise]

Usually beginners will be lulled by trading which will increase our income, and when they watch influencers it also makes them more interested in trading with the urge to make money easily, they don't trade because they want to, they only trade to make a profit, it's very difficult said that knowledge or trading skills are far more valuable than profits

[cryptoaddictchie]

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.

Well to be precise they stsrt buying when they see the post. But they didnt know is the influencers probably bought that when its on the red line and ready to pump their bags. Newbies who followed and started to buy will be an exit liquidity for the one who posted. They will noticed that when the influencers starting to be quiet about that project means they already profited from you and you saying thank you and making an engagement on the post also added on their revenues. Tsk a world of deceit and manipulations.

[Stalker22]

I totally agree.  When you are just starting out trading, it can be totally overwhelming trying to wrap your head around everything that is going on in the markets.  Theres so much complexity and moving parts, you just want someone to give you a simple buy this or sell that signal to follow, right?

But, relying on other peoples trading signals is gonna seriously mess you up in the long run.  It would be like letting some random person take the wheel of your car without knowing if they can actually drive or not.  Risky business!

Cause heres the thing - when you depend on external signals you are basically handing over the keys to your decision-making abilities.  And how are you ever gonna learn to navigate the trading world if you let others call the shots? Those signals dont care about your risk tolerance or goals or anything - they just tell you to buy and sell based on some computer algorithm or whatever.
Its 100 times better to put in the work early on to educate yourself and develop your own trading style.  It will pay off big time in the future when you can confidently trust your own judgement.  Even if you make some rookie mistakes at first, at least they will be your mistakes.

[AbuBhakar]

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’s impossible to become successful in trading by relying only to yourself without the help of others. There’s still a time that you will need to outsource knowledge on trading since you can’t cover everything that happened to crypto.

You will still need to use reliable news article, community to discuss technical and update to the project and other info that is vital for fundamental analysis. You can’t rely alone on technical analysis on trading because FA gives a huge impact on price action in crypto trading. Checking for other signal is good if you knew how to analyze it by yourself because it will save you time from browsing token that already showing a good signal to buy. I believe by being reliance means you knew what you are doing and not blindly follow someone trade.

[letteredhub]

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.

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. Trading has a lot of chances of losing money depending on how competent and skilled you are. Trading is a continuous learning and trial and error. If you can't handle the thought of losing money, then it can't be sure that you can survive in this industry.

There are many posts or topics about advice or reminding new traders of what they should do and not do, but it will not be effective if they don't read those topics. How about those traders who are not familiar with this forum? How can we reach them about this kind of topic so that they can avoid what they are doing wrong in trading?

Ignorance and impatient is a big problem among ñewbie traders, sonout of that ignorance they fancy and fall for these deception from influencers on YouTube and other social network that only advertise about wom trades. They don't bother asking this influencers questions about their lost trades too or is it that they are perfect beings that are immune to losing trades. Secondly, impatient makes newbies to see the learning process as a time wasting when they can just get it from somewhere but they fail to ask what is the authenticity of what am getting because this is money we are risking here and not papers. Even if they are papers papers nowadays have value too