Newbie traders, work on yourself.

[South Park]

I don't blame newbies relying on others because they are in the learning stage and I know most of us did this during our novice time. There is no problem with that because this is not a long-term bond between the learner and the teacher, it is soon to get separated when a newbie is ready enough to stand and make their own decision.

Doing alone will take so long which is why having someone accompany us helps to shorten the process which I believe that is great. Just imagine that if someone who is better than you will teach you, you can be good also. Of course, we also have to choose the person who can be trusted and the one who also cares with us, not these signal groups and scammers.

I have been through the same situations and the problem at that time was we didn't had a proper guide at that point of time and now we have so many sources which claims to teach the people about crypto trading but it's some random stuff which they do it for money I am talking about YouTube channels which claims to teach them about trading and just run through any random strategy promising higher win rates which are not true. I think awareness is the only thing we need to work on because if you just type anything on internet about trading all you get is some experts claims to teach technique to give hefty returns in short time  that's the problem as the newbie trader's mind is occupied with a aim that they can earn real quick through trading without any understand of the risks associated with it and challenges.

Those scams work because they tell people what they want to hear, when we tell newbies that trading is hard, they will require months of study before they even make their first trade and losses are part of the cost of doing business, this is not what they want to hear, they want to hear that huge profits are awaiting for them and the only thing they need to do is to follow an influencer and do everything they say, so they think that we do not know what we are talking about and we are wrong on our assessment of the market, disregarding our advice and suffering because of it.

[Fredomago]

I don't blame newbies relying on others because they are in the learning stage and I know most of us did this during our novice time. There is no problem with that because this is not a long-term bond between the learner and the teacher, it is soon to get separated when a newbie is ready enough to stand and make their own decision.

Doing alone will take so long which is why having someone accompany us helps to shorten the process which I believe that is great. Just imagine that if someone who is better than you will teach you, you can be good also. Of course, we also have to choose the person who can be trusted and the one who also cares with us, not these signal groups and scammers.

I have been through the same situations and the problem at that time was we didn't had a proper guide at that point of time and now we have so many sources which claims to teach the people about crypto trading but it's some random stuff which they do it for money I am talking about YouTube channels which claims to teach them about trading and just run through any random strategy promising higher win rates which are not true. I think awareness is the only thing we need to work on because if you just type anything on internet about trading all you get is some experts claims to teach technique to give hefty returns in short time  that's the problem as the newbie trader's mind is occupied with a aim that they can earn real quick through trading without any understand of the risks associated with it and challenges.

Those scams work because they tell people what they want to hear, when we tell newbies that trading is hard, they will require months of study before they even make their first trade and losses are part of the cost of doing business, this is not what they want to hear, they want to hear that huge profits are awaiting for them and the only thing they need to do is to follow an influencer and do everything they say, so they think that we do not know what we are talking about and we are wrong on our assessment of the market, disregarding our advice and suffering because of it.

That's mostly the problem with newbies  they wanted a quick turnaround and hearing it out from us that it's not as easy as it was they will resort to someone that will let them hear what they want  and once they've got scam they will still put the blame to those who they knew that understand the business,  I guess as someone who knows the drill we can simply ignore and just let them experience things for them to realize that it's not a quick venue to achieve success there's always a need of learning the process.

[Assface16678]

I don't blame newbies relying on others because they are in the learning stage and I know most of us did this during our novice time. There is no problem with that because this is not a long-term bond between the learner and the teacher, it is soon to get separated when a newbie is ready enough to stand and make their own decision.

Doing alone will take so long which is why having someone accompany us helps to shorten the process which I believe that is great. Just imagine that if someone who is better than you will teach you, you can be good also. Of course, we also have to choose the person who can be trusted and the one who also cares with us, not these signal groups and scammers.

I have been through the same situations and the problem at that time was we didn't had a proper guide at that point of time and now we have so many sources which claims to teach the people about crypto trading but it's some random stuff which they do it for money I am talking about YouTube channels which claims to teach them about trading and just run through any random strategy promising higher win rates which are not true. I think awareness is the only thing we need to work on because if you just type anything on internet about trading all you get is some experts claims to teach technique to give hefty returns in short time  that's the problem as the newbie trader's mind is occupied with a aim that they can earn real quick through trading without any understand of the risks associated with it and challenges.

Those scams work because they tell people what they want to hear, when we tell newbies that trading is hard, they will require months of study before they even make their first trade and losses are part of the cost of doing business, this is not what they want to hear, they want to hear that huge profits are awaiting for them and the only thing they need to do is to follow an influencer and do everything they say, so they think that we do not know what we are talking about and we are wrong on our assessment of the market, disregarding our advice and suffering because of it.

That's mostly the problem with newbies  they wanted a quick turnaround and hearing it out from us that it's not as easy as it was they will resort to someone that will let them hear what they want  and once they've got scam they will still put the blame to those who they knew that understand the business,  I guess as someone who knows the drill we can simply ignore and just let them experience things for them to realize that it's not a quick venue to achieve success there's always a need of learning the process.

I have known people who think this way. First, I noticed that some bashers or people who're hating bitcoin or any crypto currency didn't succeed in their investments in bitcoin or any crypto currency. Or some already left away by trading. Trading is very hard, to the point that even an experienced trader with years of experience will still face trade losses. It's normal. The thing you could do is work on yourself, like the OP said, so don't rush. It's much better to have good earnings or profit from investing first in time and effort to study deep in trading and also commitment, as trading will require a lot of patience and strong will to keep on going in trading even if it feels like it's exhausting. And for those who are new to trading, if you will just blame trading because they lose money, then you don't deserve to do trading. Remember, the action reflects the result.

[AakZaki]

Most of those who are just starting out in trading make mistakes due to a lack of understanding about trading and they ignore the basic knowledge that they must understand first before starting to enter trading and when they don't have basic knowledge about trading what they do in trading is just following the trend so they experience losses in their trading Yes, those who have trading signals will of course only benefit themselves and will not think about the fate of their followers whether they experience losses or not.

Following market trends is actually good and it can be a basis for carrying out some analysis, but if you don't have good analytical knowledge then there will be nothing you can do except just follow other people's guidance. depending on other people will not always be good, because there is no independence in trading. I also used to learn not to depend on other people and start learning the basics first. Everything can be done gradually, nothing is instant.

[Viscore]

It’s already given that if you chose to take the path of a trader, at least you should have good trading skills and high knowledge on the trading market and on the trading coins. That is if you have a goal to last longer with your trading career. However, there are also traders who are just playing safe. By playing safe I mean those who don’t work on theirselves because others are already working for them. Because of that, their success won’t be certain without these people around. And these are the type of traders that will definitely won’t last longer in their career.

Trading, aside from being a side hustle, it also serves as a profession and a job opportunity for some traders. The fact that it’s a profession so it should contribute to the growth on the person itself, and not to depend his growth on the people helping him to trade.

[Renampun]

...

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.

Everything that is done when trading should be done independently, but to be able to reach that stage, it takes a long time because mastering skills and skills in trading is not an easy thing, so many beginner traders only rely on trading signals and advice from other people.
However, all traders must come from amateurs first, so don't ever hesitate to continue trading what you are learning, look for the best formula, and use a demo account as teaching material because demo accounts don't use real money, so you can compartmentalize the strategy you want to use.

[MIner1448]

Great advice for newbies! Self-learning and developing your own analytical ability are key elements of successful trading. Having an understanding of the market and the ability to analyze it yourself gives you confidence and helps you cope with changes in the market. Relying on third party signals can be risky, and developing your own skills is a reliable path to successful trading.

[jossiel]

Great advice for newbies! Self-learning and developing your own analytical ability are key elements of successful trading. Having an understanding of the market and the ability to analyze it yourself gives you confidence and helps you cope with changes in the market.

Start to learn on your own and you'll get to see how it is essential to get on with the market, the changes, the news and almost every stuff that you can work on to improve yourself in trading. Even not in trading but with your familiarity on the market.

Relying on third party signals can be risky, and developing your own skills is a reliable path to successful trading.

Everyone should just forget about signals. They are not going to do you any good but they'll ask you money for your participation there by receiving nonsense signals from them.

So, it's best to just develop your own way of analyzing the market, going on with technicals and fundamentals and that's more than enough.

[shinratensei_]

...

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.

Everything that is done when trading should be done independently, but to be able to reach that stage, it takes a long time because mastering skills and skills in trading is not an easy thing, so many beginner traders only rely on trading signals and advice from other people.
However, all traders must come from amateurs first, so don't ever hesitate to continue trading what you are learning, look for the best formula, and use a demo account as teaching material because demo accounts don't use real money, so you can compartmentalize the strategy you want to use.

this relying too much of signal will be detrimental in the future even more so if the newbie have no capability of distinguishing good trading signal with attempt of creating exit liquidity out of people.
remember that trading signal group are always being managed by some people and these people could be very well having their own ulterior motive i don't believe if they don't, i mean imagine managing such groups intensively, not getting paid for nothing just for the sake of making other people rich that scenario isn't realistic in this world.
always be sure to learn how to make a good analysis, that way even if we are really too lazy to make analysis and just following trading signal we can distinguish at first glance whether something is wrong or not.
after all, there have been many cases even from the paid trading signal group where the owner just making exit liquidity out of people.

[ancafe]

Start to learn on your own and you'll get to see how it is essential to get on with the market, the changes, the news and almost every stuff that you can work on to improve yourself in trading. Even not in trading but with your familiarity on the market.

Some people actually teach themselves to develop their trading potential and they use various social media to learn technical and other things related to trading. Even though the risks are big, people will be able to understand much better when they are directly involved slowly and to avoid losses we can try with a small potential first.

Everyone should just forget about signals. They are not going to do you any good but they'll ask you money for your participation there by receiving nonsense signals from them.

So, it's best to just develop your own way of analyzing the market, going on with technicals and fundamentals and that's more than enough.

Following signals may not be a problem as long as we try to analyze them again before getting involved in them. The aim is to compare the strategies they offer with the strategies we have developed ourselves. Following other people may not always be wrong because there are times when it will be quite useful, as long as we review it and don't follow their pattern completely.

Developing one's potential in trading would be much better, but we need comparisons as several people on social media have tried to explain regarding trading, but don't forget to make your own research before making a decision.

[retreat]

-snip-

Those scams work because they tell people what they want to hear, when we tell newbies that trading is hard, they will require months of study before they even make their first trade and losses are part of the cost of doing business, this is not what they want to hear, they want to hear that huge profits are awaiting for them and the only thing they need to do is to follow an influencer and do everything they say, so they think that we do not know what we are talking about and we are wrong on our assessment of the market, disregarding our advice and suffering because of it.

That's a mistake that newbies often make because they only want to hear what they want to hear without first understanding what trading actually means. They always listen to the words of influencers who say that trading is fun, easy, and anyone can make a profit, even though that is wrong, because trading is not like that where people can lose at any time, the analysis is difficult , and the market can change at any time. And because of that, a newbie must first understand how trading really is and they must choose the best mentor and often discuss with other traders to see what their experience is, so that they don't get trapped in the wrong mindset.

[Litzki1990]

The problem for beginners is that they don't know where to start. All around they can see that everyone is making a lot of profit by trading and seeing this makes them interested in doing business and for that purpose they decide to do business without any information about business or any knowledge about business. In this case they take help of different social media but trading in social media is presented so easily that a new trader without thinking anything trades according to the words of those people and do exactly as they tell to do. As a result of trading in this way, it can be seen that here the trader is not applying any knowledge or any skill on his own but is directly relying on others. In this way, they are directly dependent on others, they often face big losses and when they come to tedding for profit, they have a bad idea about the tedding system. But what I think is that it is better not to depend on others but to apply what skills you have.

[jossiel]

Start to learn on your own and you'll get to see how it is essential to get on with the market, the changes, the news and almost every stuff that you can work on to improve yourself in trading. Even not in trading but with your familiarity on the market.

Some people actually teach themselves to develop their trading potential and they use various social media to learn technical and other things related to trading. Even though the risks are big, people will be able to understand much better when they are directly involved slowly and to avoid losses we can try with a small potential first.

I agree going on with small amounts first. This is lessening the risk that you're taking upon trading and newbies don't have to jump to big amounts as they start. That is one common mistake that we see being done by them. They jump to the conclusion that they'll earn big if they start big but no.

Everyone should just forget about signals. They are not going to do you any good but they'll ask you money for your participation there by receiving nonsense signals from them.

So, it's best to just develop your own way of analyzing the market, going on with technicals and fundamentals and that's more than enough.

Following signals may not be a problem as long as we try to analyze them again before getting involved in them. The aim is to compare the strategies they offer with the strategies we have developed ourselves. Following other people may not always be wrong because there are times when it will be quite useful, as long as we review it and don't follow their pattern completely.

Developing one's potential in trading would be much better, but we need comparisons as several people on social media have tried to explain regarding trading, but don't forget to make your own research before making a decision.

So, take some ideas from the signals but still study them and analyze if they're good or not. Well, it's up to you if that's what you think with signals and they're meaning ful.

For me, it's just best to avoid any of them because you might be one of those that are being manipulated by these signals instead of you being aware of them that you should them.

[dunfida]

Start to learn on your own and you'll get to see how it is essential to get on with the market, the changes, the news and almost every stuff that you can work on to improve yourself in trading. Even not in trading but with your familiarity on the market.

Some people actually teach themselves to develop their trading potential and they use various social media to learn technical and other things related to trading. Even though the risks are big, people will be able to understand much better when they are directly involved slowly and to avoid losses we can try with a small potential first.

Everyone should just forget about signals. They are not going to do you any good but they'll ask you money for your participation there by receiving nonsense signals from them.

So, it's best to just develop your own way of analyzing the market, going on with technicals and fundamentals and that's more than enough.

Following signals may not be a problem as long as we try to analyze them again before getting involved in them. The aim is to compare the strategies they offer with the strategies we have developed ourselves. Following other people may not always be wrong because there are times when it will be quite useful, as long as we review it and don't follow their pattern completely.

Developing one's potential in trading would be much better, but we need comparisons as several people on social media have tried to explain regarding trading, but don't forget to make your own research before making a decision.

Really all matters on how you would really be that handling up yourself towards the market on which not all people would really be having that kind of initiative but its impossible that you wont really be
able to find for yourself on what are the viable things that should really be done for you to be able to sustain out into this market on which we know that it isnt something that too hard to understand that you
should really be working that hard and would really be needing to search up things on what you would really be needing for you to survive this unpredictable space or market.

We do all starts on being a newbie on which it would really be  that normal that mistakes and errors is always been that part. Accept this as your learning stepping stones for you to be able to make yourself
that way more better and dont easily give up on the time that you would really be facing up such scenario.The wrong thing on here is that there were people who do easily give up on the time
that they would really be able to face up those difficulties on which they would really be having those kind of easily giving up behavior if they do able to encounter it.

[Falconer]

-snip-

That's a mistake that newbies often make because they only want to hear what they want to hear without first understanding what trading actually means. They always listen to the words of influencers who say that trading is fun, easy, and anyone can make a profit, even though that is wrong, because trading is not like that where people can lose at any time, the analysis is difficult , and the market can change at any time. And because of that, a newbie must first understand how trading really is and they must choose the best mentor and often discuss with other traders to see what their experience is, so that they don't get trapped in the wrong mindset.

Trading can be understood without a mentor, but the trader must be very active in developing his skills and understanding of trading. Trading is an activity that can be said to be easy but difficult, of course because of the potential for losses due to price volatility and errors in decision making. The wrong mindset about trading is when traders only think about profit without considering the acceptable risk of loss, but to start trading you don't have to be an expert.

Just start first and improve your skills. Learn to do analysis, develop strategies and over time abilities and skills will form and usually make the trader more experienced. The important thing is not to complicate easy things, you can still try after failing and use failure as the best teacher for your progress.

[ancafe]

I agree going on with small amounts first. This is lessening the risk that you're taking upon trading and newbies don't have to jump to big amounts as they start. That is one common mistake that we see being done by them. They jump to the conclusion that they'll earn big if they start big but no.

I used to practice this when I first got to know trading because knowledge about trading was not good so it would be better for people to learn first and continue trading with much smaller amounts. It's about how to handle risks so as not to get trapped in a much more serious psychological situation. Starting with a large amount will not necessarily produce large profits, especially if beginners do not understand how to trade properly.

So, take some ideas from the signals but still study them and analyze if they're good or not. Well, it's up to you if that's what you think with signals and they're meaning ful.

For me, it's just best to avoid any of them because you might be one of those that are being manipulated by these signals instead of you being aware of them that you should them.

As long as we try to analyze it is not a problem because for me following several signals can increase our trading skills. A person must have complete knowledge so that the signals they get from other people can be verified and in this way people will become more mature in trading. Without us realizing it, there are many people who make tutorials about trading on social media and perhaps without knowledge it will be quite difficult for us to verify the level of accuracy.

Everyone has their own views on this and I'm sure those who are experienced in trading will know what to do. Especially for beginners, they may have to learn steps like those discussed above first so they don't get trapped in the wrong trading system.

[Gladitorcomeback]

Trading can be understood without a mentor, but the trader must be very active in developing his skills and understanding of trading. Trading is an activity that can be said to be easy but difficult, of course because of the potential for losses due to price volatility and errors in decision making. The wrong mindset about trading is when traders only think about profit without considering the acceptable risk of loss, but to start trading you don't have to be an expert.

I agree but learning trading without mentor will take more time to understand properly because new trader have to check all things one by one. A trader will think that he has learned everything, but there will still be many things that he will not take care of which result in the loss. It is always advised new traders to start with a very less amount or use demo fund for trading to learn but emotion control is different in demo and real fund.

you can still try after failing and use failure as the best teacher for your progress.

Yes ,new traders should not give up after losing in very first trade. Trading is not like a gambling, It is not a luck game. Your analysis and learning power will increase with every trade and initial loss gives you more strength to do safe trade in future.

[Inwestour]

Following market trends is actually good and it can be a basis for carrying out some analysis, but if you don't have good analytical knowledge then there will be nothing you can do except just follow other people's guidance. depending on other people will not always be good, because there is no independence in trading. I also used to learn not to depend on other people and start learning the basics first. Everything can be done gradually, nothing is instant.

Is it so easy to go against the majority opinion? If you have analyzed a coin and expect it to rise, but most analysts predict it will fall, can you take this trade and ignore the opinions of others?

It seems to me that this influence is quite significant and difficult to ignore, but if your opinion coincides with the opinion of other traders, then it will be easier for you to enter into a trade. But I agree with you that in any case, we should do market analysis on our own, and choose coins for trading on our own, this will be better for our development, even if it is a wrong decision, we will be able to analyze where we made mistakes.

[Zoomic]

Following market trends is actually good and it can be a basis for carrying out some analysis, but if you don't have good analytical knowledge then there will be nothing you can do except just follow other people's guidance. depending on other people will not always be good, because there is no independence in trading. I also used to learn not to depend on other people and start learning the basics first. Everything can be done gradually, nothing is instant.

Is it so easy to go against the majority opinion? If you have analyzed a coin and expect it to rise, but most analysts predict it will fall, can you take this trade and ignore the opinions of others?

It seems to me that this influence is quite significant and difficult to ignore, but if your opinion coincides with the opinion of other traders, then it will be easier for you to enter into a trade. But I agree with you that in any case, we should do market analysis on our own, and choose coins for trading on our own, this will be better for our development, even if it is a wrong decision, we will be able to analyze where we made mistakes.

There have been cases where we ignorantly and blindly follow popular opinion to trade and still lose. Following the market trend is not bad though,  but there is this level of confidence you get when you actually know what you are doing.  If  you are going to trade a particular coin,  you should know why you are  trading it and not because the market trend  says so.

Aside knowing the basic skills needed for trading, confidence is one important ingredient necessary to spice up our skill.
Most  Newbie traders often make mistakes in their choices of coins to trade because they are not confident in themselves. This most times is because they don't know much about trading. This is why newbies are not expected to relax when its comes to self improvement. They should boost their confidence by learning from every mistake they make, then they will do better.

[retreat]

-snip-

That's a mistake that newbies often make because they only want to hear what they want to hear without first understanding what trading actually means. They always listen to the words of influencers who say that trading is fun, easy, and anyone can make a profit, even though that is wrong, because trading is not like that where people can lose at any time, the analysis is difficult , and the market can change at any time. And because of that, a newbie must first understand how trading really is and they must choose the best mentor and often discuss with other traders to see what their experience is, so that they don't get trapped in the wrong mindset.

Trading can be understood without a mentor, but the trader must be very active in developing his skills and understanding of trading. Trading is an activity that can be said to be easy but difficult, of course because of the potential for losses due to price volatility and errors in decision making. The wrong mindset about trading is when traders only think about profit without considering the acceptable risk of loss, but to start trading you don't have to be an expert.

Just start first and improve your skills. Learn to do analysis, develop strategies and over time abilities and skills will form and usually make the trader more experienced. The important thing is not to complicate easy things, you can still try after failing and use failure as the best teacher for your progress.

I do agree that someone can understand trading by just learning autodidactically where he can use various online media or sites that provide various knowledge about trading. But the problem is that when someone learns on their own and compared to a mentor, it will be faster for them to be able to learn with a mentor because the mentor already has skills and experience which can be shared with their students and this can speed up the learning process, minimizing potential losses, and makes it faster for traders to enter the market. Even though learning trading autodidactically is not a problem, learning with a mentor is much better.