advice for a beginner

[gunhell16]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

If you want to trade you can't suddenly jump into gambling. You have to learn analysis and learn timing even then you will lose for a long time and gradually when you gain good experience on your trading you can avoid loss a lot but not old avoid.  Trading is risky like business. In trading you have to buy and sell physical goods and in trading you have to buy and sell digital coins/tokens which are highly volatile.

When a trader is a newbie in the crypto space, he will go through a lot in this matter. From the basic study here in trading, of course he should also know how to perform an analysis by reading the chart graph on an exchange site platform.

They should not think that trading is something like gambling, because trading is not a casino. This is a business that can give us a profit every day or weekly that is equal to or more than what an ordinary employee earns.

[Litzki1990]

When I first started trading I had enough knowledge about trading and I tried to gain enough knowledge about trading long before I started trading practically. I didn't decide to trade just by watching a couple of trading videos from YouTube but I know enough about trading and how it works and how much risk I should start and how to end. I have done trading practically after knowing these things but you have traded with 100 dollars only after watching some videos on YouTube out of which you are now losing 40 dollars. It was definitely the wrong decision for you, you could have tried to learn about this before losing $40. You are trying to learn the right thing even if it is late, in this case you must stop trading now and gain different ideas related to trading. When you gain different ideas you can decide to trade again later if you want, the results will definitely be more likely to come in your favor.

[cryptoWODL]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

You are not expert in trading for which you lost forty dollars from trading after depositing $100 mainly due to inexperience. Maybe many people like you first started learning trading by watching youtube videos or reading various articles about trading on google.

Inexperienced traders sometimes earn by their luck because they unknowingly make different investments in the wrong coins resulting in more losses than their earnings. But you have to decide what type of trade you will be doing. Whether you trade long term or short term depends on you. Long-term trading in the new state is a little less risky because by buying a token in this way, you buy it at a low price and hold it until the price rises. As many are experienced in trading they can accurately review the graphs or markets of various coins for which they can gain quick success by trading those coins. Success is inevitable if you trade the right coin at the right time.

[Sophokles]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

     You can still recover that if you don't repeat the steps you took to explain why you lost $40. You should change your plan. Because the strategy or analysis you used was wrong. The question is, do you know anything about the trading that you entered?

     Because if you're new here, just do the basics first and don't torture yourself. Even if you only use one of the indicators, like the trendline, if you know how to use it, you will surely make a profit if you are patient and don't be impatient as traders.

Using only one of few indicator won't help a trader make a more accurate prediction. There are other elements that need to be aligned with the indicator to better predict the market. If one of the element is missing, then a trader should be concerned before taking the trade. As an example if a token is rallying up but there isn't much volume inflow in that token market, then its an indication that someone is manipulating the price. Similarly there are some other things that can give a better prediction about the market and only indicators or trendlines were never the only tool to use for crypto trading.

[justdimin]

Knowing when a coin will start to rise and become hype is quite simple. You only need to study and understand various analyzes such as technical, fundamental and sentimental. And if you mean some altcoins have hype and have a sudden high rise. Well, usually we can find out about this through fundamental analysis which can be done by gathering information. And actually the crypto calendar is also quite important for us to keep paying attention to. Because usually there are many upcoming events that have the potential to cause an altcoin to increase. Once we start finding news, events and the like that have the potential to build hype. After that, we have to start doing sentimental analysis. And analyze how well market players' sentimental response to the upcoming event. If it is a big event then if we enter early then we can potentially have high profits. It's just that sentimental analysis still has to run so we also have to know when we should sell by analyzing whether the hype has just started or is almost over. If we already understand some of these basic concepts, it is actually quite easy for us to see an altcoin that has the potential to increase. It's just that there are also several altcoins that are suddenly pumped without any news or events taking place. Well, usually analyzing this is quite difficult. Because we also have to understand market inflow and outflow well. And sometimes it's all about how clever we are at following upcoming and trending narratives.

I would say it is not really that simple, because if everything was technical and you could make an analysis that would be 100% right at the time, it would not be something that would take a lot of time. I feel like it should be fine, there is nothing wrong with losing time to time, it is fine to just have losses between your wins.

I think most of us do not make all kinds of crazy moves and we should consider the best way to move forward would be just letting it be, that way we could do better. I believe that people would have a better chance if they could simply just focus on what they could make, and not worry about what they missed. I personally focus on that and feeling much better thanks to that right now.

[Out of mind]

Mr. OP, if you are a newbie trader, you will definitely lose because you don't have that much understanding or knowledge about the market. So you should first take advice from experienced people before starting trading business. If you have invested $100 and there is a loss of $40 then your money is almost half gone. So I think it is not at all right for you to trade for the current period because you don't know how to analyze the market well due to which you are facing losses. That's why you need to know about the market first, when the market is in which position you will benefit, gain knowledge about how investing will increase your money and keep researching. First of all you start investing with small amount and start trading also if you start trading business you must take a maximum risk. And if you trade then you must control yourself first, don't be emotional but start trading with the amount of money you can afford to lose and take risk.

[Bushdark]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

     You can still recover that if you don't repeat the steps you took to explain why you lost $40. You should change your plan. Because the strategy or analysis you used was wrong. The question is, do you know anything about the trading that you entered?

     Because if you're new here, just do the basics first and don't torture yourself. Even if you only use one of the indicators, like the trendline, if you know how to use it, you will surely make a profit if you are patient and don't be impatient as traders.

Using only one of few indicator won't help a trader make a more accurate prediction. There are other elements that need to be aligned with the indicator to better predict the market. If one of the element is missing, then a trader should be concerned before taking the trade. As an example if a token is rallying up but there isn't much volume inflow in that token market, then its an indication that someone is manipulating the price. Similarly there are some other things that can give a better prediction about the market and only indicators or trendlines were never the only tool to use for crypto trading.

As a trader, we don't always rely on indicators for us to trade the market. We have other analysis we need to check before we decide to enter the market. We can keep making consistent profits from the Crypto market that is one of the reasons we keep seeing new traders jumping into the market to learn how to trade.
There is money in trading and we can also lose if we are not careful how to utilize strategies and indicators to trade. It is advisable to always check for latest update from the community of the coin we are about to trade on because that could save us from losses.

[Xcode7]

As a trader, we don't always rely on indicators for us to trade the market. We have other analysis we need to check before we decide to enter the market. We can keep making consistent profits from the Crypto market that is one of the reasons we keep seeing new traders jumping into the market to learn how to trade.
There is money in trading and we can also lose if we are not careful how to utilize strategies and indicators to trade. It is advisable to always check for latest update from the community of the coin we are about to trade on because that could save us from losses.

There are many ways that can be done by looking at many references to become a reference that ultimately sticks to the main goal that we wanted from the start.
Every trader has different strategies and indicators and regardless of what they are, what must be realized is that the risk will still be there, so for a trader, learning must be carried out over a regular period of time because market conditions can change quickly, so a trader must be ready to face the situation. whatever it is, the same goes for self-control.

For beginners, there are many paths that must be taken to gain learning from experience, and traders are advised to have sufficient knowledge first before entering the market.

[Viscore]

When I first started trading I had enough knowledge about trading and I tried to gain enough knowledge about trading long before I started trading practically. I didn't decide to trade just by watching a couple of trading videos from YouTube but I know enough about trading and how it works and how much risk I should start and how to end. I have done trading practically after knowing these things but you have traded with 100 dollars only after watching some videos on YouTube out of which you are now losing 40 dollars. It was definitely the wrong decision for you, you could have tried to learn about this before losing $40. You are trying to learn the right thing even if it is late, in this case you must stop trading now and gain different ideas related to trading. When you gain different ideas you can decide to trade again later if you want, the results will definitely be more likely to come in your favor.

Losing is not new in trading. In fact, the more often you lose, the more you become exposed to the reality about trading that its never easy to stay in profits, even professional traders still lose at some point.

However, it's a different thing if you trade without learning even the basics in trading, you might end up like gambling before you realized it. Watching videos will never be enough, for me you should hire a mentor if possible so you can have someone to guide you in the real scenario about the trading market. Experience is still the best teacher, if you lack that, being a good and smart trader will be hard to achieved.

[Hamphser]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

     You can still recover that if you don't repeat the steps you took to explain why you lost $40. You should change your plan. Because the strategy or analysis you used was wrong. The question is, do you know anything about the trading that you entered?

     Because if you're new here, just do the basics first and don't torture yourself. Even if you only use one of the indicators, like the trendline, if you know how to use it, you will surely make a profit if you are patient and don't be impatient as traders.

Using only one of few indicator won't help a trader make a more accurate prediction. There are other elements that need to be aligned with the indicator to better predict the market. If one of the element is missing, then a trader should be concerned before taking the trade. As an example if a token is rallying up but there isn't much volume inflow in that token market, then its an indication that someone is manipulating the price. Similarly there are some other things that can give a better prediction about the market and only indicators or trendlines were never the only tool to use for crypto trading.

Knowing technicals and on how to use it is something that you would really be needing up to consider specially on the time that you would really be tending to deal up with trading on which it is something that too
risky when you do make up positions without having those kind of considerations.Although we do know that indicators arent really that something that could really be precise anytime but it doesnt mean that you wouldnt really be making use of it because this is something that would really be helpful for you and wont really be just that simply making that you would really be having that kind of
blind positioning into you trading on which we know that this is something that it is really that very crucial and something that you would really be needing to consider.

[adpinbr]

Yes, as a beginner, it is advisable to continue seeking opinion from different angles I would have told you to calm down and watch how reading goes and fully understand it and read more post in the forum consigning Trading discussions, so you can be able to get the full understanding on  what you really want before going into trading fully. If you continue trading without understanding it better, you will end up losing more. asking question is a good decision for you and also take your time and make more research on Trading properly.

[wxa7115]

When I first started trading I had enough knowledge about trading and I tried to gain enough knowledge about trading long before I started trading practically. I didn't decide to trade just by watching a couple of trading videos from YouTube but I know enough about trading and how it works and how much risk I should start and how to end. I have done trading practically after knowing these things but you have traded with 100 dollars only after watching some videos on YouTube out of which you are now losing 40 dollars. It was definitely the wrong decision for you, you could have tried to learn about this before losing $40. You are trying to learn the right thing even if it is late, in this case you must stop trading now and gain different ideas related to trading. When you gain different ideas you can decide to trade again later if you want, the results will definitely be more likely to come in your favor.

Losing is not new in trading. In fact, the more often you lose, the more you become exposed to the reality about trading that its never easy to stay in profits, even professional traders still lose at some point.

However, it's a different thing if you trade without learning even the basics in trading, you might end up like gambling before you realized it. Watching videos will never be enough, for me you should hire a mentor if possible so you can have someone to guide you in the real scenario about the trading market. Experience is still the best teacher, if you lack that, being a good and smart trader will be hard to achieved.

Mentors are for the most part overrated, those that can make money on the markets have no need to mentor anyone, and in fact they may make a conscious effort to not teach anyone anything about their strategy.

While those that are open about that possibility, are the traders that cannot really become profitable on their own, and if that is the case then why bother following their advice? You must learn on your own and sit down for months before you are nowhere near ready to trade, however this is incredibly time consuming, which is why most newbie traders do not like to do this.

[JunaidAzizi]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

A person who can start trading in a month cannot call himself a trader because trading is a very vast subject and learning it in a month is almost impossible and especially from YouTube it is impossible.  If you want a suggestion then you need to not be impressed by any YouTube channel because they are showing the greenery. After all, the aim is to make more subscribers not to give any profit to others. And second is to start watching the news daily from that you can easily know which coin is going up and which one is down one more thing do not make any investment by the suggestion of others do your own research and technical analysis and then make a decision.  I think this will help you,  good luck with your journey.

[hd49728]

A person who can start trading in a month cannot call himself a trader because trading is a very vast subject and learning it in a month is almost impossible and especially from YouTube it is impossible.

The market has more newbies and new participants each bull run and most of new participants exposed to the market through social media, Youtube videos.

They can actively buy and sell Bitcoin and consider themselves as traders and in my opinion, if we don't call them as traders, we are wrong too. Difference is only being a professional, knowledgeable and experienced trader or being amateur trader without knowledge, experience and simply buy and sell with emotion and hope.

If you want a suggestion then you need to not be impressed by any YouTube channel because they are showing the greenery. After all, the aim is to make more subscribers not to give any profit to others. And second is to start watching the news daily from that you can easily know which coin is going up and which one is down one more thing do not make any investment by the suggestion of others do your own research and technical analysis and then make a decision.

Trading with news is one of worst ways and it leads to capital loss, then gains profit.

In a long term, trading with news is risky because news are tools for market makers to play their games and earn money but as amateur trader, newbies will lose money to whales.

Awesome Crypto Trading.

[EarnOnVictor]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

If you want to trade you can't suddenly jump into gambling. You have to learn analysis and learn timing even then you will lose for a long time and gradually when you gain good experience on your trading you can avoid loss a lot but not old avoid.  Trading is risky like business. In trading you have to buy and sell physical goods and in trading you have to buy and sell digital coins/tokens which are highly volatile.

When a trader is a newbie in the crypto space, he will go through a lot in this matter. From the basic study here in trading, of course he should also know how to perform an analysis by reading the chart graph on an exchange site platform.

They should not think that trading is something like gambling, because trading is not a casino. This is a business that can give us a profit every day or weekly that is equal to or more than what an ordinary employee earns.

It is true that trading and gambling are not the same thing but don't you think that the mindset of what you ended this post with is what is causing issues for beginners, and even most traders? Fine, trading can earn us money but if our mind is in the money, there is no way we can make progress in that but to be making mistakes. I think beginners should be more careful about this mindset to avoid issues from the beginning. The main reason why most beginners lose their first and subsequent deposits is because they believe they can gain fast from trading, and the same thing is applicable to many other traders as well.

In my opinion, I think that new traders should perish that mindset and focus on learning and how they can apply what they learned correctly after devising the right trading techniques that can help them succeed in the market. I do not joke with anything psychology about trading because that's what could make traders not to do what they have planned to do. This mindset might be little in thought/view as well but grievous in the negative effects. For this, new traders should just forget the money part initially but focus on training and consistency. They should reduce their risk to the barest minimum and continue to try their luck until they are more professional, daring and contented with the money regularly make.

[boty]

Yes, as a beginner, it is advisable to continue seeking opinion from different angles I would have told you to calm down and watch how reading goes and fully understand it and read more post in the forum consigning Trading discussions, so you can be able to get the full understanding on  what you really want before going into trading fully. If you continue trading without understanding it better, you will end up losing more. asking question is a good decision for you and also take your time and make more research on Trading properly.

Indeed, this is of course very important for beginners to do, because if they have more references they will of course be very useful for them when trying to trade and in this forum there are also many people who understand well so we can read the posts as you suggest, but if someone forces themselves to trade with little understanding of the trade they have of course this will make them lose more of their money on trades and it would be better if before deciding to trade they still do research so that they can make the right decisions on the trades they make and can gain profits from the trades they make.

[Gladitorcomeback]

Yes, as a beginner, it is advisable to continue seeking opinion from different angles I would have told you to calm down and watch how reading goes and fully understand it and read more post in the forum consigning Trading discussions, so you can be able to get the full understanding on  what you really want before going into trading fully. If you continue trading without understanding it better, you will end up losing more. asking question is a good decision for you and also take your time and make more research on Trading properly.

Taking time is one of the most important things one needs to do when they are learning something that involves finances like trading. You can't expect to become an expert trader within a month when you haven't even read or understood much about trading and the market. People who manage to become good traders, in the long run, tend to start learning from the initial stage and give a lot of time to their learning process before they get into the live trading part.

Most newbie traders these days make the mistake of entering the market when they are still learning. They feel they can start earning money while they are learning and it will be a win-win situation for them but it doesn't work that way. You first have to learn and understand everything, and once you feel you have a good grasp on everything, that is when you can decide to get into the real thing.

[GbitG]

A person who can start trading in a month cannot call himself a trader because trading is a very vast subject and learning it in a month is almost impossible and especially from YouTube it is impossible.

Yes, I preciously agree with you that a person does not become a trader in one month, even if he watches courses and guides from all over the world, he cannot become a trader. Trading is not only about learning; its main point is based on experience. While experience cannot be learned, it has to be tried. So experience in trading is medium, and gaining experience in cryptocurrency is not easy work, It is very difficult work because the sentiments of the crypto market change from moment to moment, and it is impossible to apply an indication to it in an month. I think trading can be learned in at least one BTC cycle which is usually 4 years. If someone learns trading in such a time, he can gain a lot of experience. Apart from this, even if someone learns the trading concept in time, i.e., in 2, 3 years, he cannot get the experience that an experienced trader has gained from the market over time.
 
In the remaining one month, you can learn what kind of analysis you have to do in trading like using TA, FA, indicators, etc. Apart from this, you cannot gain experience in such a short time and in the basic aspects of trading, experience is the first number...

[Natsuu]

If you continue trading without understanding it better, you will end up losing more. asking question is a good decision for you and also take your time and make more research on Trading properly.

Taking time is one of the most important things one needs to do when they are learning something that involves finances like trading.

And as you gain knowledge and understanding about the market, you as a growing trader and investor in the market. You should also be able to gain knowledge of yourself and your strategy. So you better keep records of yourself and your trading. As a beginner it is highly advised to have your own journal with your analysis with your entry and exits. You can also take note of the psychological hurdles you noticed within yourself. Realize also that trading is a long game you are submitting to. Instead of rushing, fix your outlook and expectations of your successes.

[Essential10]

Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.

Trading cannot be learned completely in a very short period of time. There is a proverb we all know, little knowledge is terrible. Learning to trade is basically a matter of patience and time. All the courses that are done on the social media you have chosen are very shortcut process, at least the trade cannot be learned in shortcut process. Trading requires a lot of research about coins. If someone you know or your neighbor is involved in then you can follow him how he trades but don't follow him directly. Most of the new traders face losses when trading in the first stage, of course you should trade with money that you won't suffer from losing money. Be patient, stick to it, do maximum research on anything related to trade, hope you get success in future.