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Author Topic: Newbie traders, work on yourself.  (Read 970 times)
Mr.sprin
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May 20, 2024, 10:27:10 AM
 #161

It's better if we don't have to follow their recommendations, the steps we take are better if we take their knowledge, Before jumping into trading on the market, what techniques do they use and then we learn or shop for ourselves autodidactically, don't just rely on 1 person to learn the techniques, look for other sources of information such as YouTube. If we are confident in the knowledge we have, then you can start and we need to remember that we must know that the risks are very big. Successful traders will definitely go through their difficult times to survive and make a profit.

It's best if we don't really understand or are proficient with what we want to do, it's better to take definite steps, don't let our carelessness make us lose for unclear reasons, understand first before starting because it's better for us to trade when we already understand what it means. what we have to do and what action we have to take when the coin price starts to decline, don't let us take action rashly, it will result in us going broke, aka losing in vain because of our carelessness because we don't understand how it works, trading is not as easy as we imagine, The risk of loss is very high, so don't take the wrong action so that it makes us emotional when prices start to fall.

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May 20, 2024, 03:12:09 PM
 #162

trading is not as easy as we imagine, The risk of loss is very high, so don't take the wrong action so that it makes us emotional when prices start to fall.
A strong person in trading is one whose emotions are under control.  Because emotions give us motivation help us adopt anything new and emotions greatly manipulate and influence trading decisions.  For example there is fear that makes us panic, so that we exit our quantity on a small change where we should have held, not exited, because of the effect of fear.  They go out.  And then here comes the temptation.  Now the temptation is to force the trader to take bigger risks, so that he can make bigger profits.  So be it fear or greed both are great enemies for a trader.

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May 21, 2024, 12:16:15 PM
 #163

trading is not as easy as we imagine, The risk of loss is very high, so don't take the wrong action so that it makes us emotional when prices start to fall.
A strong person in trading is one whose emotions are under control.  Because emotions give us motivation help us adopt anything new and emotions greatly manipulate and influence trading decisions.  For example there is fear that makes us panic, so that we exit our quantity on a small change where we should have held, not exited, because of the effect of fear.  They go out.  And then here comes the temptation.  Now the temptation is to force the trader to take bigger risks, so that he can make bigger profits.  So be it fear or greed both are great enemies for a trader.

Yup, if you understand both risk and benefits you will adopt and use the right emotions to follow your guts, there's always a big advantage when you know what industry you are working with, and same with your sentiments the one who knows how to control his own emotion is the one who can benefits from this market, just needs to make sure that before entering the business you are done dealing with your research and you are fully aware with how the market works to established good anticipation from how you'll place your positions.

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May 21, 2024, 01:57:38 PM
 #164

Newbies when it comes to trading you have to work on discovering yourself and not to basically depend on a  third-party or trading signals before you can execute a trade. You can rely on signals from those you view as professionals and still would not make profits and the reason for this isn't far fetched from the truth. It is because since it's not your analytics you have no comprehension to build confidence on the basis to why the signal request you to either sell or buy which makes any little falllback, retreat or retracements of the market in the process of your trading causes you a cold feet and extreme fright.

So the earlier every newbie interested trader understands that the period  he/she could use to seriously learn how to trade no matter how short the period could be in acquiring the right ideas/knowledge about trading to make you selfreliance, you'll be exhuming yourself from days to years of reliance on signals that not even have the potent to making you profit compared to that which comes  directly out of your own self-made analytical work.

Until now, there are still many newbies who have a wrong interpretation of trading; they think it's that easy to get a profit here, they think it's like gambling, or they think just buying and selling is enough to get you called a trader. And the others just heard from others that getting rich or advancing in crypto trading is just that easy.

These are the things that often lead them astray or divert their belief in trading, so they immediately lose their minds that they need to learn it first and learn the basics from the beginning so they can know and do it right. The problem is that they enter the actual trade right away; it would be okay if it were on the spot. The problem is that they immediately enter the futures trade; they don't do research before jumping into the real battle.



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May 21, 2024, 07:57:49 PM
 #165

Newbie traders get involved in trading with what they've heard from other platform that trading isn't hard.Lets call a spade a spade, trading is hard and the chance of losses is more than investing,so when newbie traders think trading isn't hard and skip the process of learning the fundamental and analytic work of trading that's where everything on trading will look so frustrating to them.
Newbie traders should be informed that trading is less risky if only they acquire a legit knowledge on trading, with that it will help to ease the chance of losses.

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May 21, 2024, 11:12:45 PM
 #166

Newbie traders get involved in trading with what they've heard from other platform that trading isn't hard.Lets call a spade a spade, trading is hard and the chance of losses is more than investing,so when newbie traders think trading isn't hard and skip the process of learning the fundamental and analytic work of trading that's where everything on trading will look so frustrating to them.
Newbie traders should be informed that trading is less risky if only they acquire a legit knowledge on trading, with that it will help to ease the chance of losses.
If they only listen to the platform about trading and they continue to decide to trade, of course they have made the wrong decision and for everyone who decides to trade, they first prepare their knowledge about trading well, after they understand it well, then they can try to trade with a little capital first while they continue to learn about trading, because if they keep trying with large capital and if they fail in the trades they make, of course this will make them very frustrated.
You are right, every beginner of course they must first understand trading well and they must also know that it is very risky for every beginner who trades without knowledge, there is a very big possibility that they will lose the funds they use to trade.

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