Newbie traders, work on yourself.

[Fredomago]

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.

Indeed, if you have that confidence you can extend your patience with how you project the next market movement, unlike with how newcomers mindsets most of them are not ready when uncertain movement take place, especially that they are inside crypto where high volatilityis present, it's true that it should be a never stop learning process.

You need to work with your own understanding and keep adding more spice with your knowledge, it's for the betterment of your judgement when you have that confidence inside you, the chance to prolong the wait or to adjust with how the market is moving can possibly done real-time.

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[kojektea]

It's quite normal that when we start trading, we often experience losses, but don't give up easily because once we become professionals, we no longer need to work hard to earn money, we can just stay at home and make trading our daily routine, but to reach that stage, there's a lot to do. which must be passed through endless lessons and experiences

[Webetcoins]

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.

That's a point most people, especially new traders, don't understand. When you enter the market with only your capital and no knowledge thinking that you will conquer the market using signals or tips and tricks shared by others then you are wrong, because even if you manage to do that, it won't be a permanent trading solution. After all, they won't always be available for you whenever you need to trade and you will eventually be left with nothing but your wallet and the market even if you have made some profit.

This is why, it's important for a person entering a financial market such as the cryptocurrency market to learn everything beforehand so that they don't face issues with their trading activities. When you learn everything yourself, it stays safe in your mind and can be used any time anywhere without anyone's help or assistance.

[gabbie2010]

It's quite normal that when we start trading, we often experience losses, but don't give up easily because once we become professionals, we no longer need to work hard to earn money, we can just stay at home and make trading our daily routine, but to reach that stage, there's a lot to do. which must be passed through endless lessons and experiences

To reach the stage of being a consistent profitable trader is a major problem for many newbie traders they just wanted to start earning profit swiftly not knowing that trading takes a lot of learning process after learning real live trading as a newbie would also lead to losses that is where many newbies gave up trading however with relentless effort and perseverance sooner rather than later such a trader would become profitable trader in the long run  honestly it take time to achieve that feat but once it is achieved the trader can trade comfortably anywhere once a trading setup is unveiled.

[wtsimis]

Especially beginners in the world of crypto trading should prioritize their own discovery and learning rather than over-relying on third-party signals.
Depending on a professional trader's signals, market fluctuations can cause worry and fear at times. Because traders may lack personal understanding of hindsight analysis. A new trader should take the time to learn some fundamentals of trading even in a short period of time to gain the ability to make his own decisions. Controlling the unexpected and building self-reliance and confidence is very important for beginners, especially in volatile markets.

[Mahanton]

It's quite normal that when we start trading, we often experience losses, but don't give up easily because once we become professionals, we no longer need to work hard to earn money, we can just stay at home and make trading our daily routine, but to reach that stage, there's a lot to do. which must be passed through endless lessons and experiences

To reach the stage of being a consistent profitable trader is a major problem for many newbie traders they just wanted to start earning profit swiftly not knowing that trading takes a lot of learning process after learning real live trading as a newbie would also lead to losses that is where many newbies gave up trading however with relentless effort and perseverance sooner rather than later such a trader would become profitable trader in the long run  honestly it take time to achieve that feat but once it is achieved the trader can trade comfortably anywhere once a trading setup is unveiled.

Or having that mindset that they do really believe that they could easily make money with trading without even trying out to make those realizations that its never been simple and its never been that
too easy on which they cant really be able to find for themselves that it is something that needing up some work for you to be able to sustain somehow. Well, they would really be able to make our those realizations on the time that they would really be able to experience for themselves on how hard trading is. Newbies would really be normally be having these kind of impressions on the time that they wouldnt really be their
first time on having a good grasps into this market. We do know that this isnt something that you could really be able to bare with if you do come unprepared.

[Dzwaafu11]

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.

Any trader who is unable to do it alone is unlikely to last in the market because they rely on someone else to do it for them and will therefore copy what that person has done. These traders also tend to lose because, whenever the person they copied loses, the same thing will happen to them, which is incorrect. The best thing that traders of this type can do is to have their knowledge so that, even if they copy someone, it shouldn't be because they are dependent on someone else.

However, for someone to be successful in trading, they must have their own knowledge, skill, and technical analysis so that they will handle the market situation even if there is no one around them or someone who they copy fails to do something to make a profit. What I understand by this copy trading is that someone who they copy is not revealing everything for the people that copy their strategy; they only give them a few steps to do, and at the end you will see them lose, but if there is knowledge, the risk will be limited.

Especially beginners in the world of crypto trading should prioritize their own discovery and learning rather than over-relying on third-party signals.
Depending on a professional trader's signals, market fluctuations can cause worry and fear at times. Because traders may lack personal understanding of hindsight analysis. A new trader should take the time to learn some fundamentals of trading even in a short period of time to gain the ability to make his own decisions. Controlling the unexpected and building self-reliance and confidence is very important for beginners, especially in volatile markets.

Beginners were never helped by trading signals because, even with them, those without prior trading experience could not utilise them. In actuality, a person lacking extensive trading understanding could not employ signals since they could not properly set them up for optimal performance. Hence, before entering the market, a newbie who is unfamiliar with trading should educate themselves. They should even consider employing signals, as this practice only serves to instill indolence on the part of traders. They solely rely on the signals; they don't go beyond gathering additional data and identifying fresh patterns to develop more tactics.

[Bravut]

Newbies are overwhelmed with expectations, dreams, lifestyle they think can be achieved at once through trading.But sincerely that's not the case trading requires much more attention and strong oriented knowledge, discipline, patience before you can scale up and live the life of your choice.
I strongly suggest that during there mentorship programmes or classes these values should be passed on them and also shape there minds off short term goals and high expectations but rather long term view and trusting in the process.
Some of them when there expectations is not matching there reality they call trading scam or a ponzi scheme run by certain group of persons but forget the fact that is a result of there own wrong approach to the market.

[lixer]

It's quite normal that when we start trading, we often experience losses, but don't give up easily because once we become professionals, we no longer need to work hard to earn money, we can just stay at home and make trading our daily routine, but to reach that stage, there's a lot to do. which must be passed through endless lessons and experiences

It's all about patience and dedication. If you have enough patience and you are dedicated to doing what you have decided, you won't give up no matter how difficult the way might be and how many hurdles you might have to face. The destination is always beautiful if you go through all the hardships and hurdles and finally make it, you will feel happy and proud of yourself that you didn't give up and kept going and now it's time for you to enjoy the victory.

Trading is not easy, some might think it is, but it isn't, especially the initial stage where, as you said, one will need to learn the lessons the hard way sometimes because you will make mistakes since you don't have enough knowledge and experience, but you should keep trying and improving yourself, and over time, you will finally become a good trader.

[$weetne$$]

Trading is not easy, some might think it is, but it isn't, especially the initial stage where, as you said, one will need to learn the lessons the hard way sometimes because you will make mistakes since you don't have enough knowledge and experience, but you should keep trying and improving yourself, and over time, you will finally become a good trader.

If we newbies that are learning how to trade work on ourselves we won't find trading difficult to do, when we learn trading from the right sources with a mentor that will teach us well, it will make us good at trading very fast. Lessons comes both ways when trading, it can come the hard way when you lose your trade and money and when you win and make profits. Trading needs complete attention because trading isn't a joke, there's the risk of losing money therefore it shouldn't be approaches with all seriously. As a newbie we have to work on things like our emotions so that we don't trade based on what we feel is going to happen but from what the charts are showing. Trading comes with mistakes therefore we should not be afraid of the mistakes but use them as great teachers as we learn from them.

[Wind_FURY]

NEWBIES, you should be concious of the fact that perhaps ALL of the the advice posted in the topic might be coming from people who don't belong to the top 10% of traders who actually make consistent profit from "trading".

Be careful of those advice, because most of them WON'T make you more profitable against the top traders, and their army of bots. Merely choose a good asset that will continue to exist for decades, then buy and HODL. Buy the DIP, DCA, or another accumulation strategy, just do where you are comfortable.

[Fredomago]

It's quite normal that when we start trading, we often experience losses, but don't give up easily because once we become professionals, we no longer need to work hard to earn money, we can just stay at home and make trading our daily routine, but to reach that stage, there's a lot to do. which must be passed through endless lessons and experiences

It's all about patience and dedication. If you have enough patience and you are dedicated to doing what you have decided, you won't give up no matter how difficult the way might be and how many hurdles you might have to face. The destination is always beautiful if you go through all the hardships and hurdles and finally make it, you will feel happy and proud of yourself that you didn't give up and kept going and now it's time for you to enjoy the victory.

Trading is not easy, some might think it is, but it isn't, especially the initial stage where, as you said, one will need to learn the lessons the hard way sometimes because you will make mistakes since you don't have enough knowledge and experience, but you should keep trying and improving yourself, and over time, you will finally become a good trader.

Good point, as long as you have that willingness to keep moving forward, there are many struggles and hardship and most of the time there are failures that will bring you down, but if you keep that patience and dedication inside you, there's always a good way to learn the process, focus and take time to do your research, with the help of the internet, your access to more data that will help you to learn more can be achieved, it's on you and on how you dedicate your time to keep learning and adjusting with new things, after all, if you learn the right patterns to use for your investment/trading it will easy the process and you'll gain decent success.

[cakravothy]

first if trading must use cold money not hot money what else use debt funds. because trading can not be relied on consistently profit what else for newbie. must first learn about tekhnical indicator or news. and must be tried first to demo account mode first if the trading system is steady and profit in demo trading then enter real trading. so can be independent in trading.

[livingfree]

first if trading must use cold money not hot money what else use debt funds. because trading can not be relied on consistently profit what else for newbie. must first learn about tekhnical indicator or news. and must be tried first to demo account mode first if the trading system is steady and profit in demo trading then enter real trading. so can be independent in trading.

For newbies, it's hard to get on it when you are going to think of as you'll get a consistent profit, no you won't.

The best and professional traders are even going on with the same hardship of being inconsistent with their profits and that's why you have to make sure that you have studied well.

Otherwise, learn to get more experience and treat the losses as your gained experience so it won't hurt you a lot.

[AYOBA]

That is the only issue that almost all newbies have, because they do not wait until they have a thorough understanding of trading before introducing themselves. That is why the majority of Newbies lose money quickly. I believe that if newbies traders can learn and develop expertise in trading, they will profit since they will never lose money if they understand how to handle their marketing. Some people's thinking trading is simple where they can come and make money quickly; some do not even consider the risk, they simply direct themselves and begin with an amount they cannot afford to lose.

[Kelvinid]

That is the only issue that almost all newbies have, because they do not wait until they have a thorough understanding of trading before introducing themselves. That is why the majority of Newbies lose money quickly. I believe that if newbies traders can learn and develop expertise in trading, they will profit since they will never lose money if they understand how to handle their marketing. Some people's thinking trading is simple where they can come and make money quickly; some do not even consider the risk, they simply direct themselves and begin with an amount they cannot afford to lose.

Perhaps, they are newbies, and still a lot of things need to be discovered and ideas to learn. It can't be happened in one day which is why they should be more patient and keep going with having trust with themselves rather than relying on other people who assume themselves as expert. Maybe they will but still, we need to stand alone and decide what is right and what strategy we feel comfortable with because a simple BUY, HOLD, and SELL while using known coins are certainly working without a doubt. If we still lose, it is not with the market but it is our fault.

[JayTrain]

For newcomers, relying solely on others' signals or recommendations can be dangerous, as it doesn't teach you to understand the market and make your own informed decisions. Understanding market dynamics and analysis helps make informed decisions, ultimately leading to successful trades.

[AakZaki]

NEWBIES, you should be concious of the fact that perhaps ALL of the the advice posted in the topic might be coming from people who don't belong to the top 10% of traders who actually make consistent profit from "trading".

Be careful of those advice, because most of them WON'T make you more profitable against the top traders, and their army of bots. Merely choose a good asset that will continue to exist for decades, then buy and HODL. Buy the DIP, DCA, or another accumulation strategy, just do where you are comfortable.

BUY DIP, HODL, DCA I agree with this strategy, because if a beginner only makes trades that don't produce results it will give a lot of losses. buy and hold assets that have good potential in the future and that will provide big profits when the bull market arrives. Rather than just trusting other people's advice and not fully knowing how the trading system works, it would be a big risk. Advice from other people cannot be used as a benchmark for trading, do not follow other people's trading advice, they also get commissions from what they share.

[stomachgrowls]

NEWBIES, you should be concious of the fact that perhaps ALL of the the advice posted in the topic might be coming from people who don't belong to the top 10% of traders who actually make consistent profit from "trading".

Be careful of those advice, because most of them WON'T make you more profitable against the top traders, and their army of bots. Merely choose a good asset that will continue to exist for decades, then buy and HODL. Buy the DIP, DCA, or another accumulation strategy, just do where you are comfortable.

BUY DIP, HODL, DCA I agree with this strategy, because if a beginner only makes trades that don't produce results it will give a lot of losses. buy and hold assets that have good potential in the future and that will provide big profits when the bull market arrives. Rather than just trusting other people's advice and not fully knowing how the trading system works, it would be a big risk. Advice from other people cannot be used as a benchmark for trading, do not follow other people's trading advice, they also get commissions from what they share.

Sounds basic but you would really be needing to be wise on which coins you would really be applying this step on which this is something would really be important. You cant really just that apply this method into shit or meme coins out there on which we know that these things are really just that good for short term. This is why if you do tend to apply these methods then better stick into those known top coins in the market
and you wont really be  that hovering yourself into those shitty projects out there. Being a noob is really just that normal since we dont know anything yet specially if we are really just that starting.
You would really be needing to work hard for the knowledge and skills that you would really be needing up to learn.

You wont really be seeing such progress if you wont really be that making yourself that doing the hard work. You would really be needing to move.
Everything could be read up and could be learn and the rest of it via real experience of course.

[freedomgo]

NEWBIES, you should be concious of the fact that perhaps ALL of the the advice posted in the topic might be coming from people who don't belong to the top 10% of traders who actually make consistent profit from "trading".

Be careful of those advice, because most of them WON'T make you more profitable against the top traders, and their army of bots. Merely choose a good asset that will continue to exist for decades, then buy and HODL. Buy the DIP, DCA, or another accumulation strategy, just do where you are comfortable.

This is where newbies fall on these kind of traps. They’ve given their high trust on other traders in the forum and tend to follow everything they say without actually knowing that real  professionals don’t resort on giving advices, but they tend to challenge first those newbies and see how far they are determined to reach their trading goals. That’s okay to lose in trading as long as they don’t end up quitting, otherwise they will not recover their losses and will be deprived from getting profits in trading.