advice for a beginner

[Morr1s]

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.

I am also a newcomer to this field, but I, for example, decided to start not with trading, but with finding interesting projects in which to perform activities. Of the latter, it was Linea Park. Low costs, activities are quite simple, after the update from ETH, even gas was quite cheap. Among the disadvantages of this area (let's call it drop hunting), you don't know how much you will get, when and if you will get it at all. I'm still learning the basics of trading, but technical analysis is very difficult. I can't even imagine how much time it takes to find your own strategy and make it at least a small percentage profitable.

[macson]

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 i may ask, what coin did you buy?  Did you buy the coin based on analysis or just following along?  Do you know the basic theory of trading?

sorry if above, i asked a question like that, many beginner traders join in the market because they are inspired by someone in the video they watched, even though that is not something that can be followed easily, to become a profitable trader then combine skill + patience + mentality, that's important so what you do is trade, not gamble...

my advice for beginner traders, if you want to learn, choose coins that already have a good reputation, such as Bbitcoin, Ethereum or BNB, so that you don't have to worry anymore about the prices of those 3 coins not going up.

[wtsimis]

Where there is no end to education, you have only begun. You have to learn many things over a long period of time. Don't be in too much of a hurry to buy anything. Before investing, you must check the project well. Since you have money you can invest anytime you want. But the investment should be done in the right place and get the right return with the help of technical support. Also, if you enter trading for a short period of time, don't be greedy, your capital can be trapped by excessive greed.

[Sexylizzy2813]

Where there is no end to education, you have only begun. You have to learn many things over a long period of time. Don't be in too much of a hurry to buy anything. Before investing, you must check the project well. Since you have money you can invest anytime you want. But the investment should be done in the right place and get the right return with the help of technical support. Also, if you enter trading for a short period of time, don't be greedy, your capital can be trapped by excessive greed.

Everything happens for a reason but when we start being desperate it affect us in a way that losing is the only thing we see and not the positive side of whatever we're going for. If he (OP) has the capital to start up a successful trade then he's definitely missing out on something important, that's getting the right advice from those who knows the how it works, and some of this YouTube videos sometimes lead those who are new into the wrong direction (base on understanding) while he watch those videos talking to someone is more advisable to understand better how it works.

[Dewi Aries]

Where there is no end to education, you have only begun. You have to learn many things over a long period of time. Don't be in too much of a hurry to buy anything. Before investing, you must check the project well. Since you have money you can invest anytime you want. But the investment should be done in the right place and get the right return with the help of technical support. Also, if you enter trading for a short period of time, don't be greedy, your capital can be trapped by excessive greed.

In all things especially in trading I would agree that learning is never ending, one of the reasons is because the market will continue to run and will continue to create new things or events that can affect as well as indicate the potential for something to happen, meaning that if you want to become a trader or investor then you must dedicate yourself to always be willing to learn in the long run as long as you are involved in the field. And what you said is a good suggestion that one should first make sure about the project he/she is going to put money in, make sure that it is a really safe project to make sure that it is the right place to minimize any unwanted possibilities (outside of reasonable losses) and also to support your planning in terms of seeking profits. And yes in some cases greed is more common in traders who have a short-term approach, and the greed is triggered because we see the market too often which means that there will be many situations that look tempting and tempt us to open a trade, but it is a fact that not all situations that look tempting are the right situations to execute, and the point is to stay careful and maintain awareness.

[Yukyzu]

Where there is no end to education, you have only begun. You have to learn many things over a long period of time. Don't be in too much of a hurry to buy anything. Before investing, you must check the project well. Since you have money you can invest anytime you want. But the investment should be done in the right place and get the right return with the help of technical support. Also, if you enter trading for a short period of time, don't be greedy, your capital can be trapped by excessive greed.

Everything happens for a reason but when we start being desperate it affect us in a way that losing is the only thing we see and not the positive side of whatever we're going for. If he (OP) has the capital to start up a successful trade then he's definitely missing out on something important, that's getting the right advice from those who knows the how it works, and some of this YouTube videos sometimes lead those who are new into the wrong direction (base on understanding) while he watch those videos talking to someone is more advisable to understand better how it works.

It's true that what you said is that something that happens in trading certainly has a reason, whether it's a loss or a profit, when we experience a loss, of course we have made a mistake which means we don't have a profit from the trade we made and we must be able to correct the mistake and try again to be able to do it. get satisfactory results on the trades we make.

If someone trades by relying on advice obtained from YouTube videos, of course they have to choose a channel that is trusted and we know that they really trade by making a profit and don't choose a channel that only makes their own profit from the number of views but they don't trade and even their knowledge about trading is very little.

[Sexylizzy2813]

Where there is no end to education, you have only begun. You have to learn many things over a long period of time. Don't be in too much of a hurry to buy anything. Before investing, you must check the project well. Since you have money you can invest anytime you want. But the investment should be done in the right place and get the right return with the help of technical support. Also, if you enter trading for a short period of time, don't be greedy, your capital can be trapped by excessive greed.

Everything happens for a reason but when we start being desperate it affect us in a way that losing is the only thing we see and not the positive side of whatever we're going for. If he (OP) has the capital to start up a successful trade then he's definitely missing out on something important, that's getting the right advice from those who knows the how it works, and some of this YouTube videos sometimes lead those who are new into the wrong direction (base on understanding) while he watch those videos talking to someone is more advisable to understand better how it works.

It's true that what you said is that something that happens in trading certainly has a reason, whether it's a loss or a profit, when we experience a loss, of course we have made a mistake which means we don't have a profit from the trade we made and we must be able to correct the mistake and try again to be able to do it. get satisfactory results on the trades we make.

If someone trades by relying on advice obtained from YouTube videos, of course they have to choose a channel that is trusted and we know that they really trade by making a profit and don't choose a channel that only makes their own profit from the number of views but they don't trade and even their knowledge about trading is very little.

Some people who first got into trading thinks if they always fail that's be in the line of losing that feel is the end and they can't get crossed that bridge but ones you let it be for sometime, draft out all you have been doing you'd find out there's something that isn't right, that strategy you have need some adjustment for things to work out well.
To me I wouldn't advice to completely rely on this YouTube channels like a particular one, is best to have like 3 channels and clamps every idea you have got then I believe something positive will come out of it. On second thought, most of this channels only do it to promote their channel and not concentrate on how to make people who view their videos will make profit, like they care more about themselves.

[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.

I am also a newcomer to this field, but I, for example, decided to start not with trading, but with finding interesting projects in which to perform activities. Of the latter, it was Linea Park. Low costs, activities are quite simple, after the update from ETH, even gas was quite cheap. Among the disadvantages of this area (let's call it drop hunting), you don't know how much you will get, when and if you will get it at all. I'm still learning the basics of trading, but technical analysis is very difficult. I can't even imagine how much time it takes to find your own strategy and make it at least a small percentage profitable.

It's not really easy to learn trading, especially in the crypto space. It really takes time, willingness, determination, and self-discipline; don't be greedy, and there's a lot to consider. We need to be persistent, just like we study in school.

Don't be in a hurry to get income; we should always prioritize learning. Even if we say that we already know how to earn here in crypto, don't stop learning even if the time comes for us to be successful here.

[Davian144]

Where there is no end to education, you have only begun. You have to learn many things over a long period of time. Don't be in too much of a hurry to buy anything. Before investing, you must check the project well. Since you have money you can invest anytime you want. But the investment should be done in the right place and get the right return with the help of technical support. Also, if you enter trading for a short period of time, don't be greedy, your capital can be trapped by excessive greed.

Both trading and investing, both things actually require basic knowledge so that we or anyone can do it correctly and with great direction. Because these two different things both require initial research before we start, technical support is really needed before we spend money on these two things. Because when it comes to seeking profit, there are always things that must be gone through as a process and we must consider this as something that is quite normal.

[Gaza13]

Beginner think trading is easy because they see alot of people claiming to be successful at trading. Trading can be easy or hard for you depending on how you start trading. If you started by learning how to trade very well from a mentor or a good teacher online, you would not find trading to be hard and you can make money but when you what to learn through shortcuts because you are looking for fast ways to make money  therefore depending on trending signals, you would not understand what you have to do to know how to trade well and it will make you to be making different mistakes when you are doing your analysis of the market and be getting a wrong signals. Beginners do have to be ready to sacrifice sometimes to learn how to trade before they can start making money.

Learning something accompanied by a teacher or mentor, I think they gain knowledge much more quickly during discussions compared to learning alone or self-taught. Indeed, if we want to be successful in trading, we have to make a lot of sacrifices, including money or time to learn to analyze the market. Sometimes even someone who is an expert can still get caught up in the harsh world of trading, there is not a single indicator that is truly perfect when analyzing.

[knowngunman]

sorry if above, i asked a question like that, many beginner traders join in the market because they are inspired by someone in the video they watched, even though that is not something that can be followed easily, to become a profitable trader then combine skill + patience + mentality, that's important so what you do is trade, not gamble...

my advice for beginner traders, if you want to learn, choose coins that already have a good reputation, such as Bbitcoin, Ethereum or BNB, so that you don't have to worry anymore about the prices of those 3 coins not going up.

I believe you intend to say what he did was gambling and not trade because it's very obvious from Op narration that he disguise and gamble with his $100 instead of trading. I'm not saying he gamble the money because he lost some part of the money but it's because he has no knowledge of what he is into. Having extensive knowledge is paramount before risking any amount in trading. Watching some few videos on YouTube won't make you an expert, Infact, I do see upcoming traders that rely on YouTube videos for their learning as unserious learners.

Trading these reputable coins might not be profitable as one may desire but as a newbie into trading, it will help to minimize your loss and also help you to understand the market movement than starting with unknown coins that will probably liquidate your account in short time. By the way, trading is not meant for everyone and Op could invest that money into bitcoin, hold and continue to accumulate more coins.

[lombok]

Beginner think trading is easy because they see alot of people claiming to be successful at trading. Trading can be easy or hard for you depending on how you start trading. If you started by learning how to trade very well from a mentor or a good teacher online, you would not find trading to be hard and you can make money but when you what to learn through shortcuts because you are looking for fast ways to make money  therefore depending on trending signals, you would not understand what you have to do to know how to trade well and it will make you to be making different mistakes when you are doing your analysis of the market and be getting a wrong signals. Beginners do have to be ready to sacrifice sometimes to learn how to trade before they can start making money.

Learning something accompanied by a teacher or mentor, I think they gain knowledge much more quickly during discussions compared to learning alone or self-taught. Indeed, if we want to be successful in trading, we have to make a lot of sacrifices, including money or time to learn to analyze the market. Sometimes even someone who is an expert can still get caught up in the harsh world of trading, there is not a single indicator that is truly perfect when analyzing.

Exactly, before I got to know cryptocurrency, I looked for information on who was trading Cryptocurrency in the area where I lived. After that, I visited the location several times or met somewhere to discuss and learn something new. Including this forum, I also get information from my friends.

[terrific]

Exactly, before I got to know cryptocurrency, I looked for information on who was trading Cryptocurrency in the area where I lived. After that, I visited the location several times or met somewhere to discuss and learn something new. Including this forum, I also get information from my friends.

I'd be careful with knowing in my area who are in crypto. Or you better keep that to yourself. I know local communities are helpful.
But in today's period of time, it's dangerous to let other people that you are in crypto because of potential attacks like a $5 wrench attack.

[Cadaver20]

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.

It is risky to learn trading by watching videos of You Tubers. Because they advertise a platform in exchange for money. Their analysis is not always true. Before investing you should spend some time and gain some experience in cryptocurrencies yourself. After that, you should learn to analyze yourself by following the analysis of various experts. Then invest.

[Lanatsa]

Beginner think trading is easy because they see alot of people claiming to be successful at trading. Trading can be easy or hard for you depending on how you start trading. If you started by learning how to trade very well from a mentor or a good teacher online, you would not find trading to be hard and you can make money but when you what to learn through shortcuts because you are looking for fast ways to make money  therefore depending on trending signals, you would not understand what you have to do to know how to trade well and it will make you to be making different mistakes when you are doing your analysis of the market and be getting a wrong signals. Beginners do have to be ready to sacrifice sometimes to learn how to trade before they can start making money.

Learning something accompanied by a teacher or mentor, I think they gain knowledge much more quickly during discussions compared to learning alone or self-taught. Indeed, if we want to be successful in trading, we have to make a lot of sacrifices, including money or time to learn to analyze the market. Sometimes even someone who is an expert can still get caught up in the harsh world of trading, there is not a single indicator that is truly perfect when analyzing.

Exactly, before I got to know cryptocurrency, I looked for information on who was trading Cryptocurrency in the area where I lived. After that, I visited the location several times or met somewhere to discuss and learn something new. Including this forum, I also get information from my friends.

Learning something in together with some locales or other people who do live near you then it would really be that great on doing with those kind of set up but i would much prefer on learning things on my own rather than in going with groups. Yes, more heads is better than on but we know that informations and other correlated stuffs could really be searched online.On the moment that you could really be able to hover yourself alone and learn up things on your own then consider yourself to be that manageable and wont really be needing any friends. The most important thing is on how you would really be making learn of those informations that you do search up. If you wont really be finding yourself that be able to learn on your own then this is the moment that you would consider in together with groups.

As a beginner then you should really be tending to read up with the basics, try to learn and enhance your skills with minimal amount. Dont make all in kind of investment because this is where people do usually that messed up their lives just because they do have that kind delusional approach on things that its really that easy to deal with trading but we know that this isnt how that reality works.
If you do find yourself having that hardship then dont quit up and just go further. Experience would be your learning path.

[GbitG]

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.

It is risky to learn trading by watching videos of You Tubers. Because they advertise a platform in exchange for money. Their analysis is not always true. Before investing you should spend some time and gain some experience in cryptocurrencies yourself. After that, you should learn to analyze yourself by following the analysis of various experts. Then invest.

Yep, mate, you stated a very good and appropriate advice regarding through the privacy like sharing your assets/portfolio with his friends because in the below Link you can clearly see that how many people have been on site Those who have lost their funds, and some even lost their lives, why did they share their funds with people like I have so much Bitcoin or such a big portfolio. So for this reason many people were physically attacked to steal Bitcoin.
 
So, your point is absolutely correct that you should not share my assets with anyone, that I have so much Bitcoin, etc. Because it can put your life in danger, just like these listed people. So be serious, this is a very critical point that many people ignore, although they can lose everything from their up-fund to their lives.

Link

[Yukyzu]

It's true that what you said is that something that happens in trading certainly has a reason, whether it's a loss or a profit, when we experience a loss, of course we have made a mistake which means we don't have a profit from the trade we made and we must be able to correct the mistake and try again to be able to do it. get satisfactory results on the trades we make.

If someone trades by relying on advice obtained from YouTube videos, of course they have to choose a channel that is trusted and we know that they really trade by making a profit and don't choose a channel that only makes their own profit from the number of views but they don't trade and even their knowledge about trading is very little.

Some people who first got into trading thinks if they always fail that's be in the line of losing that feel is the end and they can't get crossed that bridge but ones you let it be for sometime, draft out all you have been doing you'd find out there's something that isn't right, that strategy you have need some adjustment for things to work out well.
To me I wouldn't advice to completely rely on this YouTube channels like a particular one, is best to have like 3 channels and clamps every idea you have got then I believe something positive will come out of it. On second thought, most of this channels only do it to promote their channel and not concentrate on how to make people who view their videos will make profit, like they care more about themselves.

That's right, if those who are just entering trading for the first time and they always think they will fail then when trading they will always fail, preparing the things we will do in trading will of course be very good and when trading and getting bad results then We have to study the trading we do and look for mistakes that make us lose in the trading we do.
Your advice is very good, indeed someone who trades should not only rely on YouTube channels and it would be better for us to learn directly from those who have experience and we can learn from them and of course they have a good history of the trading they do.

[Sexylizzy2813]

It's true that what you said is that something that happens in trading certainly has a reason, whether it's a loss or a profit, when we experience a loss, of course we have made a mistake which means we don't have a profit from the trade we made and we must be able to correct the mistake and try again to be able to do it. get satisfactory results on the trades we make.

If someone trades by relying on advice obtained from YouTube videos, of course they have to choose a channel that is trusted and we know that they really trade by making a profit and don't choose a channel that only makes their own profit from the number of views but they don't trade and even their knowledge about trading is very little.

Some people who first got into trading thinks if they always fail that's be in the line of losing that feel is the end and they can't get crossed that bridge but ones you let it be for sometime, draft out all you have been doing you'd find out there's something that isn't right, that strategy you have need some adjustment for things to work out well.
To me I wouldn't advice to completely rely on this YouTube channels like a particular one, is best to have like 3 channels and clamps every idea you have got then I believe something positive will come out of it. On second thought, most of this channels only do it to promote their channel and not concentrate on how to make people who view their videos will make profit, like they care more about themselves.

That's right, if those who are just entering trading for the first time and they always think they will fail then when trading they will always fail, preparing the things we will do in trading will of course be very good and when trading and getting bad results then We have to study the trading we do and look for mistakes that make us lose in the trading we do.
Your advice is very good, indeed someone who trades should not only rely on YouTube channels and it would be better for us to learn directly from those who have experience and we can learn from them and of course they have a good history of the trading they do.

Is best to always prepare for the worse in everything in life because nothing in this world comes with a positive side without having the negative part of it. Having it in mind that this is a 50/50 thing in trading will even upgrade your thinking as a newbie, for me is best to learn from other people's mistake than use all in the name of getting a positive result always than put my funds at high risk.
Like they say, no knowledge is a waste, getting from the YouTube channels without rushing into conclusion that they're the best to start with is never a good move, is better to take some ideas from those channels and some from those who have experience in trading before you know it you become a better trader, that doesn't mean you won't lose but the rate at which you lose won't be as high as before.

[MiF]

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.

I feel just like what you feel,when i was new in trading i also lose in different coin while some coin are rising the coin that i bought is falling drastically its just like losing while others are earning,sometimes its a matter of choice in every coin maybe they are lucky with the coin they choose and you are not or maybe they are good in choosing while we are not that is why we lose,but all i can say is don't stop believing just continue and you will surely earn maybe not today but there are always tomorrow.

[rhodelmabanal]

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.

I feel just like what you feel,when i was new in trading i also lose in different coin while some coin are rising the coin that i bought is falling drastically its just like losing while others are earning,sometimes its a matter of choice in every coin maybe they are lucky with the coin they choose and you are not or maybe they are good in choosing while we are not that is why we lose,but all i can say is don't stop believing just continue and you will surely earn maybe not today but there are always tomorrow.

I agree sometimes in our trading journey we will face different loses maybe because we are new and we don't have enough knowledge to choose the good coins,and we will always lose but if we are going to continue and wait for our time maybe we will earn soon,loses is a part of traders life,even expert also lose specially when they are new but if we continue to trade and learn we will earn.