Newbie traders, work on yourself.

[Hamza2424]

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.

I can agree with you on some points, as depending on TA can really help a trader if he's quite confident. Price action plays a significant role in trading but if someone is getting dependent fully on price action maybe the sentiments of market and regulatory developments can give him a bad hit.

hmm seems like in the second section buddy you are trying to mention the importance of the experience in the trading, as I really cant get in flow what are you trying to say. More on it for me on the shorter time frame the sentimental analysis can really help a lot and just TA can be inefficient.

[gabbie2010]

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 major problem with newbies is sitting down to learn the skills and the time to learn all the skills to become a profitable trader is much to them until they learn in a hard way after losing and liquidating their accounts that is when few of them sit down to learn few of them would resort to taking signals from signal providers while others would quit trading, trading is hard it requires a total commitment toward learning it, however there are a lot of resources for learning trading online infact apart from YouTube videos there is twitter where plenty of experience trader posted valuable trading stuffs and materials for newbies who passionate to learn trading.

[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.

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?

That's not something new that everybody is aware of. It is always in the benefit of the signals owner and you can't be sure with those signals to be legitimate and helpful with your trades. They'll give you the disclaimer that signals might be effective at some point if you're quick in enough to do the trades but they won't guarantee you that it will be at all times. And that for that reason, it only means that it's important to learn on your own and hopefully avoid those expensive lessons.

[sulendra12]

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.

For me, it's okay to treat it as a motivation for you to actually learn more about trading. But if you are still newbie and please know your place, it takes a lot of time to actually get to that point and by only motivation won't get you anywhere, trading is not easy even if you know what to do due to how trading works and how easy it is to get manipulated.

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?

Doesn't really matter. Most of the newbies thread here about trading they just don't seem really care after they made the threads, they just throw away the thread and never come back.
That depends on the users itself, if they want to learn there are lot of place to learn about trading and if they care about it in the first place, they will engage about the topic instead of just dip out instantly.

[Finestream]

Newbies should set a goal to develop their own potentials in trading, through enhancing their knowledge and skills, and learn from the experiences of early traders. Otherwise, trading won’t be a significant and reliable one if one decides to trade and keep relying his trading decisions from other traders.

Trading is not actually hard to learn if you are motivated to follow its process and do trading accordingly. But if you trade in an opposite way, puts high emotions whenever you’re trading, and you resort into being impatient when your trades are failing, then you are not training yourself to be a good and successful trader, but you are trading exactly what losers are doing.

[Kelvinid]

Trading is not actually hard to learn if you are motivated to follow its process and do trading accordingly. But if you trade in an opposite way, puts high emotions whenever you’re trading, and you resort into being impatient when your trades are failing, then you are not training yourself to be a good and successful trader, but you are trading exactly what losers are doing.

Learning could be easy but the problem is in the application and decision-making which I certainly found hard, even old traders make mistakes.
However, as long as we don't give up and continue adopting the situation despite losses we reach the things we wanted to happen (success). Of course, it needs more focus and patience as it just comes.We have to consider all the bad experiences and losses as a part of the learning process and so newbies must adhere. Otherwise, never do trading anymore.

[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.

That's correct. I was once a victim of this. I even went as far as paying for a VIP signal group believing them so much but still I ended up thesame level cause I had no knowledge about trading. Not until I gave my account to a so called professional who blew my 50 box then I stopped and gave myself to learning and it turned out well for me.

Nothing is too difficult to archive. The journey of a thousand miles begins with a single step. Begin now to learn with what you have not until u meet a professional to get started. None of those knowledge acquired would be wasted.

[Volimack]

Newbies are in too much of a hurry to trade shortcut rules do not work in everything. Trading is not possible if you don't know it in depth. With own experience in trading signals and trading and a job where you need to be always updated with every ups and downs in price etc. with technical chart tables updated news data at hand which will help you identify trends in the market. Then you can profit from trading.

[Rehan Zakir]

You are saying right. Newbie have to focus on itself. Because in beginning, we made lot of mistakes due to lack of knowledge. So, we have to learn first, and then react. Trading is not a easy task. You have a great control on emotions to become a good trader. Without enough knowledge you cannot succeed in the trading.

[Maslate]

Trading is not actually hard to learn if you are motivated to follow its process and do trading accordingly. But if you trade in an opposite way, puts high emotions whenever you’re trading, and you resort into being impatient when your trades are failing, then you are not training yourself to be a good and successful trader, but you are trading exactly what losers are doing.

Learning could be easy but the problem is in the application and decision-making which I certainly found hard, even old traders make mistakes.
However, as long as we don't give up and continue adopting the situation despite losses we reach the things we wanted to happen (success). Of course, it needs more focus and patience as it just comes.We have to consider all the bad experiences and losses as a part of the learning process and so newbies must adhere. Otherwise, never do trading anymore.

For newbies, it could be very hard understanding trading due to its complexity. But as you go on acquiring necessary experience and knowledge, and building your own strategies, you will slowly develop your own potentials in trading and eventually sees trading as not that hard and complex anymore.

However, it takes time and patience to make the process work. And you could bear a lot of losses and failures at first before you can be successful in trading.

[Strongkored]

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.

Many people like the short cut because the results will be faster than having to wait because they learn it themselves and from the start, even though everything that is easier without going through the process will only be temporary, in time difficulties will start to appear and finally the trader stops, the trader who does the trade that results from one's own skills will last longer even though there is still a chance of experiencing losses, but it provides lessons to be able to improve one's skills.

[edy_58]

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.

Many people like the short cut because the results will be faster than having to wait because they learn it themselves and from the start, even though everything that is easier without going through the process will only be temporary, in time difficulties will start to appear and finally the trader stops, the trader who does the trade that results from one's own skills will last longer even though there is still a chance of experiencing losses, but it provides lessons to be able to improve one's skills.

Choosing shortcuts in learning about trading cannot guarantee that we will be successful in the trades we will make and it would be better for us to learn it slowly so that we can really understand it well when deciding to trade and those who trade with expertise what they have learned and continue to update their trading knowledge means they will be able to survive when trading, because they have been able to analyze the market well and can minimize the risk of losses that might occur in trading.

[gunhell16]

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.

Many people like the short cut because the results will be faster than having to wait because they learn it themselves and from the start, even though everything that is easier without going through the process will only be temporary, in time difficulties will start to appear and finally the trader stops, the trader who does the trade that results from one's own skills will last longer even though there is still a chance of experiencing losses, but it provides lessons to be able to improve one's skills.

Choosing shortcuts in learning about trading cannot guarantee that we will be successful in the trades we will make and it would be better for us to learn it slowly so that we can really understand it well when deciding to trade and those who trade with expertise what they have learned and continue to update their trading knowledge means they will be able to survive when trading, because they have been able to analyze the market well and can minimize the risk of losses that might occur in trading.

When it comes to learning trading, there is no need to rush it just so that students can understand it immediately. Let's not rush something that we know for ourselves that we can't immediately apply correctly in performing the actual trade itself of crypto trading.

So even if this shortcut is used, the result will only be worse because, as they say, let's quickly ripen a fruit that has not yet matured. It may have a ripe color, but the quality of the taste is still really raw. That's why it's the same in the crypto trading learning stage.

[slaman29]

Newbie traders, make a long and hard decision before you continue. Work on yourself is my best advice too. Don't focus on trading, do it on your free time. Work on your career, work on your profession, get mature. Understand addiction and find a way to beat it. And learn first, don't trade!

If you're panicking and checking trades regularly, you're not yet ready

If you lose and you want to trade rightaway, you're not ready

[nara1892]

Basically relying on other people's trading signals or copytrading does not hurt but the problem is that it is likely to make beginners dependent and unable to be themselves in trading, in the sense that they cannot build their own process journey which of course it will make it difficult for them to develop, however trading is more recommended to do alone because each trader has a different way of analyzing the market, all of which are based on experience and high flying hours along with the process that they managed to pass until they finally became a professional trader and get consistent profits, So from that it means of course as suggested by the OP that beginners absolutely should not rely on other people's trading signals in the long run, for once in a while it might not matter but in addition we have to really build our own career in this trading world because maybe we already know that a strategy that is good and accurate enough for others will not necessarily work well if we do it, that's because there is something that cannot be explained, one of which is that you will not know the weaknesses and advantages of the strategies used by others.

[stomachgrowls]

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.

Many people like the short cut because the results will be faster than having to wait because they learn it themselves and from the start, even though everything that is easier without going through the process will only be temporary, in time difficulties will start to appear and finally the trader stops, the trader who does the trade that results from one's own skills will last longer even though there is still a chance of experiencing losses, but it provides lessons to be able to improve one's skills.

Choosing shortcuts in learning about trading cannot guarantee that we will be successful in the trades we will make and it would be better for us to learn it slowly so that we can really understand it well when deciding to trade and those who trade with expertise what they have learned and continue to update their trading knowledge means they will be able to survive when trading, because they have been able to analyze the market well and can minimize the risk of losses that might occur in trading.

When it comes to learning trading, there is no need to rush it just so that students can understand it immediately. Let's not rush something that we know for ourselves that we can't immediately apply correctly in performing the actual trade itself of crypto trading.

So even if this shortcut is used, the result will only be worse because, as they say, let's quickly ripen a fruit that has not yet matured. It may have a ripe color, but the quality of the taste is still really raw. That's why it's the same in the crypto trading learning stage.

If you are in a rush then this is where shit things do happen and this is something that must be avoided in the first place.If you are someone whose really that too hasty on making up decisions on the things that you are dealing with specially with trading then you are really that prone or susceptible into lots of errors and mistakes on which it would really be something that you would really be needing to adjust on accordingly.
Trading skill is never been that simple to be obtain or something simple that you could really be able to learn. It do takes time and tons of effort for you to have a good grasps into it.

Newbie traders would definitely be having that kind of common problems since we are just new. We are really that prone into lots of mistakes and errors on which it is really just that common.
If you are really that serious on learning trading then you should really be that serious on trying out to learn on the things that you should really be wanting to do so.
Its not easy but its not something that impossible that you could really be able to take grasps on with.

[Uruhara]

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, we shouldn't rely too much on the signals given by others. Or in other words, we should not continuously rely on other people's analyses. But we must start learning to make our own analyses. But that doesn't mean we shouldn't compare our analyses with others. I personally sometimes combine the results of my analysis by looking at the results of other people's analyses. Because I realise that sometimes the information we get is not enough and we always need additional information from others. And if that doesn't make us lazy in making our own analyses then it can be done by sharing insights and analyses with others.  But addiction to signals from others should be avoided because it will only make us not independent. So I agree with what the OP said.

[Fredomago]

Newbie traders, make a long and hard decision before you continue. Work on yourself is my best advice too. Don't focus on trading, do it on your free time. Work on your career, work on your profession, get mature. Understand addiction and find a way to beat it. And learn first, don't trade!

If you're panicking and checking trades regularly, you're not yet ready

If you lose and you want to trade rightaway, you're not ready

Yeah if you unable to balance your emotion and you are not in control with your trade, meaning to say that you are always being move by adrenaline and misconceptions, always keep in mind that you need to experienced more and not just to blindly follow your instinct and emotions, trading is something that you need to learn and adopt.

Not just go with the wind type of investment and trades, it should always be depends with how you understand and how you developed your knowledge, it's a process that you need to learn and adjust if needed.

[Hypnosis00]

Newbie traders, make a long and hard decision before you continue. Work on yourself is my best advice too. Don't focus on trading, do it on your free time. Work on your career, work on your profession, get mature. Understand addiction and find a way to beat it. And learn first, don't trade!

If you're panicking and checking trades regularly, you're not yet ready

If you lose and you want to trade rightaway, you're not ready

Yeah if you unable to balance your emotion and you are not in control with your trade, meaning to say that you are always being move by adrenaline and misconceptions, always keep in mind that you need to experienced more and not just to blindly follow your instinct and emotions, trading is something that you need to learn and adopt.

Not just go with the wind type of investment and trades, it should always be depends with how you understand and how you developed your knowledge, it's a process that you need to learn and adjust if needed.

Trading is not an easy job which is why not all are willing to take this job not because of its risk but also the lack of understanding that discourages them from trying. We could say it depends on how we understand the market and the result is also the outcome of our market views. Trading without focus and effective strategies will end up losing and sad to say that it is very usual for those who rush even though they don't have enough knowledge.
Newbies should know the concept of trading at first, they should never take this easy but must have put some effort to learn more rather than thinking for instant profit.

[Sim_card]

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.

Any trader, that is always after signal from third party is like a gambler that doesn't know what he is doing, and you will run at big loss because you are putting your money on something that you are not sure of. It is better than any newbie that wants to learn trading should take his time to learn every aspect of trading so that, through his own experience he can come up with a strategy that will work for him. This is because my strategy might not work for you. Only trade with the amount of money that you can afford to lose, if you must trade. Investing is easier than trading, so you can invest , while you learn how to trading, instead of depending only on trading.