As newbies we should know the significant risk in trading

[Andrija Branislav]

- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.

Just follow the development of the price chart and if you see the percentage graphically, it's best to keep selling and wait for the price to drop again if it does and you're aiming for a profit on that coin.

Don't rush in, wait until it drops from the highest price, maybe after it rises 100% it will fall back to -20% before you buy again. Do it over and over again.. .

[Mayor of ogba]

- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.

Can you elaborate on this? Do you have any personal experience of this? I mean I want to know how emotions can impact trading. And how do you control your emotions when trading?

Emotions can impact your trading if you are not able to control them, and they will make you buy bitcoin at the wrong time. For instance, if you are trading bitcoin for short-term gain and you buy bitcoin at a low price and sell it when bitcoin has increased in price to make a profit, you will be waiting for bitcoin to dip to a certain point that will be good for you to buy again and wait for it to rise before you can sell. But if the bitcoin price refuses to dip to where you can buy it back, you will regret that you might miss out on bitcoin. If you can't control your emotions at that time, FOMO will make you enter at a high price, and when bitcoin dips after you have accumulated it for short-term profit, you will regret that you should have waited a little bit before you bought it back. To control your emotions, do not worry about buying bitcoin when the price is way too high. Allow it to keep rising because there will always be a pullback, which could be a good time to buy. But I wouldn't advise you to go into trading because it is risky and you can lose your money in trading.

[Barikui1]

As newbies there are lots of things we need to know and work along with. As a newbie, it is expected that one must realize that trading comes with significant risk which can lead to loss of income or finance. Therefore in order not to loss money, it is important to know the risk in trading and how to avoid being prey to losing funds.
We can be on a safe side if we observe and follow these tips when trading:

- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.

- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.

- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.

- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck

- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.

- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.

It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.

All the point you listed down here are quite valid no doubt, but you failed clarify some of them like never trade with a borrowed capital, most newbies don't actually knows how terrible it is to trade with a borrowed money, because it puts you under an unnecessary pressure, and trading requires patience, but if your capital is a borrowed money, you wouldn't be that patience enough to wait for the right set-up, just because you want to meet up, and you don't want to default on your loan repayment, and that will cost you some significant loss, if you can't be patient when trading.

In Believe that knowledge is very much important, so the thing that I feel like is the best as a newbie is to stay away from trading completely, until you are knowledgeable enough to know how to navigate your way in the market and come out profitable, if not, stay off trading, because the losses will be too much for you to handle.

[Lukmanfirdaus1]

or.... as newbies we don't trade, even pro players still have the same potential for loss as newbies, especially in the crypto market. fundamental technical analysis or whatever it is called, losing to 1 reliable influencer...lol...because the risk of trading is very high if I don't do it. but of course we still do it, because there is hope of making millions of dollars overnight, but in reality we are whale food. but if you are willing to be a pound meal, that's okay

[moneystery]

- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.

everyone who is involved in trading understands that to be able to make a profit they need the right time to sell or buy, but the question is how can someone know when is the right time to make a profit? especially for beginners, it will definitely be quite difficult for them, because even professionals still have difficulty with this, let alone those who are just starting out. so this may be quite difficult for beginners and they need time and experience to be able to determine when is the best point to buy or sell.

[Bushdark]

As newbies there are lots of things we need to know and work along with. As a newbie, it is expected that one must realize that trading comes with significant risk which can lead to loss of income or finance. Therefore in order not to loss money, it is important to know the risk in trading and how to avoid being prey to losing funds.
We can be on a safe side if we observe and follow these tips when trading:

- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.

- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.

- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.

- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck

- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.

- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.

It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.

Greed has been one of the major problems of many traders even in the crypto market and we need to understand some certain mistakes they are making frequently. Making money in the crypto market need lots of skill and we all ought to be prepared to keep learning even when it looks like things are becoming tough for us to bear. It is very important for us to prepare to get the actual skill especially when it comes to risk management. We should be full prepared to take continuous precautions to avoid more loses.

[Kristiyana]

As newbies there are lots of things we need to know and work along with. As a newbie, it is expected that one must realize that trading comes with significant risk which can lead to loss of income or finance. Therefore in order not to loss money, it is important to know the risk in trading and how to avoid being prey to losing funds.
We can be on a safe side if we observe and follow these tips when trading:

- As a newbie, it is needed for one to have sufficient information, not just sufficient information but accurate information because insufficient or inaccurate information may land us to loss of finance. Having accurate information is very important so as not to loss money.

- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.

- Knowing when to buy and also when to sell Is also important because the aim of trading is to make profit, so it is advisable to know when to buy and also when to sell so as to make profit.

- Being greedy is not good when it comes to trade because greed can lead to over trading i.e excessive buying and selling of assets which can lead to loss of income but sometimes you may gain due to luck

- As newbies, we should avoid using borrowed capital in trading thou it is vice versa, we can either gain or loss. So extreme caution is needed.

- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.

It is very important to understand and know how to manage the risk involved in trading, so with proper risk management, well trading plans and proper education we can trade and make good profits.
Am open to learn, if there is any point am missing please your opinion is needed.

Greed has been one of the major problems of many traders even in the crypto market and we need to understand some certain mistakes they are making frequently. Making money in the crypto market need lots of skill and we all ought to be prepared to keep learning even when it looks like things are becoming tough for us to bear. It is very important for us to prepare to get the actual skill especially when it comes to risk management. We should be full prepared to take continuous precautions to avoid more loses.

You're right most people don't always take precautions before looking out to invest, this is the reason why most people always end up having bad experience in the market, is just like this meme investment there are some people who are rushing  out to invest in memecoin due to the success story they heard about those old investors. so they also think that if they invest in memecoin that they will also make a huge profit unlike those early investors, without knowing that those earlier investors take their time to learn and also understand how it works before looking out to invest, that is why for use to get profited  like those earlier investors we also need to take our time to learn and understand how the market works before making any investment so as to avoid losing our money.

[Rustam Meraj]

You're right most people don't always take precautions before looking out to invest, this is the reason why most people always end up having bad experience in the market, is just like this meme investment there are some people who are rushing  out to invest in memecoin due to the success story they heard about those old investors. so they also think that if they invest in memecoin that they will also make a huge profit unlike those early investors, without knowing that those earlier investors take their time to learn and also understand how it works before looking out to invest, that is why for use to get profited  like those earlier investors we also need to take our time to learn and understand how the market works before making any investment so as to avoid losing our money.

I totally agree with you. Many people invest without researching and understanding which often leads to bad experiences mostly they make a common mistake they invest when a coin already pumped. Meme coin craze is great example where people are investing just because others made money without knowing how it works. It is good to give your time and learn and understand market before investing and always make a research. Making bad decisions because you do not want to miss out can lead to big losses. We should be careful and learn from successful investors and also learn from our mistakes to avoid losing money.

[JMBitcointernational]

- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.

Can you elaborate on this? Do you have any personal experience of this? I mean I want to know how emotions can impact trading? And how do you control your emotions when trading?

This is very true making decisions out of emotion in trading can result to a big loss. In trading you don’t allow your emotions to control you instead you try every possibly measure to control your emotions. There will come a time in trading when you will be left to make a rational decision but because of emotion and greed we will make the wrong decisions which is very bad because every wrong decisions in trading results to loss .while trading always learn to follow the rules of the candles sticks and any other best strategy that works for you better and do not allow your emotions to influence those strategies because emotions here is one of our greatest challenge when it comes to trading and also a core factor to be considered because it influences our chance of success or failure .

[Essential10]

- Making decisions out of emotion can cause great loss in trading. For one to gain profit in trade, he must make wise decisions without fear or greed.

Can you elaborate on this? Do you have any personal experience of this? I mean I want to know how emotions can impact trading? And how do you control your emotions when trading?

This is very true making decisions out of emotion in trading can result to a big loss. In trading you don’t allow your emotions to control you instead you try every possibly measure to control your emotions. There will come a time in trading when you will be left to make a rational decision but because of emotion and greed we will make the wrong decisions which is very bad because every wrong decisions in trading results to loss .while trading always learn to follow the rules of the candles sticks and any other best strategy that works for you better and do not allow your emotions to influence those strategies because emotions here is one of our greatest challenge when it comes to trading and also a core factor to be considered because it influences our chance of success or failure .

Decisions should not be taken too quickly whether in investing or trading. Just like you can't get into school and graduate very quickly, there is a certain step-by-step process, trading is no exception. Trading requires patience, your patience will be reflected in how much time you spend learning to trade and how you learn. It is possible that even in the early stages of learning to trade, you may trade and you may lose money while trading. You need to create such a mindset and future you don't get emotional even if you lose money trading. You have to be patient and control your emotions right from the beginning then you will see smiling faces in future trading journey.

[Kelward]

The facts about crypto trading is that it's hard and risky, and any newbie that wants to venture into it without first acknowledging this facts might end up in disappointments and loses. I've seen influencers on social media, hyping crypto trading like it's a get rich quick scheme, they'll exergerate about how you can stay in the comfort of your home and be making money everyday and ignorant people will believe these lies.

I agree with experienced members on this thread that newbies in cryptocurrency should avoid trading, they should focus on diligently learning about it first, from online courses and materials, it's also important to have an experienced trader to guide them. There are technicalities and fundamental analysis to learn and understand first before starting, so that they can minimize loses when they start to trade.

[Cookdata]

- Another important thing to know is the volatility of the market because not being able to predict price fluctuation may lead to unexpected loss of income. It is vital for a beginner to know this.

Just follow the development of the price chart and if you see the percentage graphically, it's best to keep selling and wait for the price to drop again if it does and you're aiming for a profit on that coin.

Don't rush in, wait until it drops from the highest price, maybe after it rises 100% it will fall back to -20% before you buy again. Do it over and over again.. .

Unless you are tracing a high volatile market, 100% is too big to realize unless you are opening your trade for long time but even at that, it's not guarantee, a coin can do 50% because of one rumor and when they sell the news later, you will have nothing left from that 50% candle either in a weekly or monthly candle, you should sell when you know you are profitable and don't be deceive by greed in trading, most often this will make you lose the little you have.

By the way, what is trading discussion doing in a beginner and help board when this is supposed to be in trading discussion thread or am I missing something.

[Franctoshi]

I wouldn't advise any newbie to start trading Immediately with your money, As a newbie, the very basic things you need to do is learn and gather lots of experience, study the reason 95% of traders lose money, which majority of them are stated in Op, and allow them stick to your memory and then avoid those mistakes when you must have started trading, this way you will have higher chances of becoming a successful trader over the long run as other things you would apply in your trading journey will now come from experience when you must have started trading, whereas psychology plays an important role in trading.

[Distinctin]

I wouldn't advise any newbie to start trading Immediately with your money, As a newbie, the very basic things you need to do is learn and gather lots of experience, study the reason 95% of traders lose money, which majority of them are stated in Op, and allow them stick to your memory and then avoid those mistakes when you must have started trading, this way you will have higher chances of becoming a successful trader over the long run as other things you would apply in your trading journey will now come from experience when you must have started trading, whereas psychology plays an important role in trading.

Trading is certainly not for newbies as they can only be more susceptible to losses and mistakes. Let them explore first on the basic knowledge and skills needed in trading the market so that they can set a lot of time learning and preparing theirselves on how to be potential traders. While trading can attract faster and bigger profits, but that will only be possible for professional and reliable traders, but beginner traders have definitely a lot more to learn before they can be successful and profitable in trading.

[Issa56]

One approach I adopted as a newbie is to stay away from trading at all means because i already know that the risk in trading is equivalent to the risk in gambling, and most of those that ever make profits from trading also recorded alot of loses that could possibly outweigh the profits amount.

I don’t think it’s a good idea for you to discourage newbies from trading. All the professional traders you see today started as beginners, so discouraging newbies doesn’t sound well to me. If I see any newbie that wants to go into trading, all I do tell them is that they should make sure they acquire proper knowledge about trading before going into it because they can easily lose money, don’t just start trading without learning about it, and make sure you start trading with just a little amount that you know you can afford to lose, because as a beginner, you are likely going to be losing the first money you deposit to trade with, just make sure it should be a small amount, so when you keep on understanding it, then you will keep on increasing the amount you trade with.

[Renampun]

or.... as newbies we don't trade, even pro players still have the same potential for loss as newbies, especially in the crypto market. fundamental technical analysis or whatever it is called, losing to 1 reliable influencer...lol...because the risk of trading is very high if I don't do it. but of course we still do it, because there is hope of making millions of dollars overnight, but in reality we are whale food. but if you are willing to be a pound meal, that's okay

However, professional traders start out as amateur traders with little experience, but over time, with determination and a strong will, a beginner will turn into a professional. The point is to stay consistent and be lazy about learning because not a single trader graduates from trading, every time there will be new knowledge and usually traders who make consistent profits are those who have good management and also good instincts. Gambling is different from trading, because when you gamble, all you need is luck, while for trading, you need good analysis.

[Halime Anatolia]

or.... as newbies we don't trade, even pro players still have the same potential for loss as newbies, especially in the crypto market. fundamental technical analysis or whatever it is called, losing to 1 reliable influencer...lol...because the risk of trading is very high if I don't do it. but of course we still do it, because there is hope of making millions of dollars overnight, but in reality we are whale food. but if you are willing to be a pound meal, that's okay

This is what happens if the price of BTC is also shaken to go down. The most deterrent are those who trade altcoins, in this case meme coins. If it goes up for a long time, if it goes down quickly and is always correct with the BTC correction, on average you can lose up to 50% of your initial capital, especially if you catch up and buy when the price is pumped.

[Kristiyana]

I wouldn't advise any newbie to start trading Immediately with your money, As a newbie, the very basic things you need to do is learn and gather lots of experience, study the reason 95% of traders lose money, which majority of them are stated in Op, and allow them stick to your memory and then avoid those mistakes when you must have started trading, this way you will have higher chances of becoming a successful trader over the long run as other things you would apply in your trading journey will now come from experience when you must have started trading, whereas psychology plays an important role in trading.

Trading is certainly not for newbies as they can only be more susceptible to losses and mistakes. Let them explore first on the basic knowledge and skills needed in trading the market so that they can set a lot of time learning and preparing theirselves on how to be potential traders. While trading can attract faster and bigger profits, but that will only be possible for professional and reliable traders, but beginner traders have definitely a lot more to learn before they can be successful and profitable in trading.

You're right trading is very risky More especially for newbies because it takes a lot of time before you can learn and understand how trading works, because not everyone who can be patient enough to learn and understand how crypto trading works. that is why I don't always advice people to go into crypto trading more especially those beginners, because I know most of them can not be patient enough to learn about how trading works before looking out to start trading. most of them probably after getting a little knowledge about how crypto trading works they will just dive into crypto trading hoping that they have gotten all the necessary information about trading, this is why most of them always experience lose in trading.

[SOKO-DEKE]

One approach I adopted as a newbie is to stay away from trading at all means because i already know that the risk in trading is equivalent to the risk in gambling, and most of those that ever make profits from trading also recorded alot of loses that could possibly outweigh the profits amount.

Honestly, trading involves a lot of risk, but the truth is that people are still making money from it. So, I don't think it's bad if newbies want to learn about trading. Everyone you see making it from trading also started as a newbie. However, newbies should not just jump into trading without learning much about it.

For instance, in the crypto industry, I don't expect any newbie to start trading immediately they get to cryptocurrency industry. If they do, they may not stay long in the cryptocurrency industry and might become discouraged because they could possibly lose all their funds. This is because trading is not for those who lack knowledge.

[stadus]

I wouldn't advise any newbie to start trading Immediately with your money, As a newbie, the very basic things you need to do is learn and gather lots of experience, study the reason 95% of traders lose money, which majority of them are stated in Op, and allow them stick to your memory and then avoid those mistakes when you must have started trading, this way you will have higher chances of becoming a successful trader over the long run as other things you would apply in your trading journey will now come from experience when you must have started trading, whereas psychology plays an important role in trading.

Newbies are not reliable in their first trades simply because they are not actually made to trade at an instant. Trading requires a lot of time learning and understanding the nature of trading, one reason that newbies are not supposed to rush into trading but focus more on accumulating knowledge and new insights first prior to taking risk in trading. Otherwise, if we’ve seen newbies get into trading, that only means that they are not here to learn intentionally, but only to make quick profits from trading. The reason why majority of newbies lose in trading than making profitable gains.