What's your advice to newbies who wants to trade.

[fuguebtc]

My one and only advise for newbies is for them to learn from the best.

In a market full of scams, real and fake mixed together, I wonder how we can find the best people?

Instead of spending time searching for those people with no guarantee that we will find them or they will accept to teach us. Because good traders usually don't like to be public, brag...they always hide and don't want to appear, only scammers brag and claim to be experts. So, in my opinion, with abundant information sources and finding knowledge not being as difficult as it is today, self-study is the best way.

Of course, learning to trade on your own will be more difficult and challenging, but if we are determined, nothing is impossible.

[DaNNy001]

Don’t rush into trading without sufficient knowledge and skills. Otherwise, all your time and money will be wasted knowing trading requires long-term preparation prior to entering real trading. Know that trading is certainly hard and risky, now if you start trading with lack of knowledge and experience in the market, you are not minimizing your losses while trading but in reality, you are only increasing the rate of risk you are going to suffer while you are trading.

Knowledge is the most important thing to Chase but nowadays beginners think getting the capital is the Most important thing...no one is disputing the fact that you need to stack up if actually want to get something significant from trading but at the beginning phase this isn't what you should be focused on... learning is the way to earn in trading but if you skip this due to impatience then you won't achieve anything

[Onyeeze]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

For me newbies is not supposed to rushing into trading when they have the basic knowledge of cryptocurrencies, in trading you have to learn how to manage a risk, and you also have to learn when to enter market and when to go out of the market, another thing is that, anyone who have interest on trading should acquire the knowledge at most six months experience before the person embark on trading, because without training of how to trade and gather the knowledge, when you go into trading you will lose because you know nothing about it, newbies for trading you should learn because it's necessary to because if you fails to learn you have in danger your funds

[Ricardo11]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

For me newbies is not supposed to rushing into trading when they have the basic knowledge of cryptocurrencies, in trading you have to learn how to manage a risk, and you also have to learn when to enter market and when to go out of the market, another thing is that, anyone who have interest on trading should acquire the knowledge at most six months experience before the person embark on trading, because without training of how to trade and gather the knowledge, when you go into trading you will lose because you know nothing about it, newbies for trading you should learn because it's necessary to because if you fails to learn you have in danger your funds

You can never achieve success in trading with only basic knowledge, to be a successful trader you must have a complete and deep knowledge about trading, but for this a newbie, he definitely needs a real experience. I definitely agree with this that when a newbie gains general knowledge about trading, at that moment he has to do real trading with a very small amount of money, but even at that moment he must have a learning mindset, this will be much more effective in increasing his trading knowledge in depth.

However, if someone thinks he is very experienced by gaining only general knowledge, and starts trading with a large amount of money, it will only bring huge losses to him, very skilled and experienced traders often face losses, in that case how can you achieve success in trading with only general knowledge? So you should not think about anything unrealistic, trading is a place that looks very easy but the reality is much more difficult and unpredictable. So you cannot make the wrong decision in the first place, just keep learning, by learning for a long time, you can definitely gain skills at one stage, and then you can achive success.

[Lanatsa]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

For me newbies is not supposed to rushing into trading when they have the basic knowledge of cryptocurrencies, in trading you have to learn how to manage a risk, and you also have to learn when to enter market and when to go out of the market, another thing is that, anyone who have interest on trading should acquire the knowledge at most six months experience before the person embark on trading, because without training of how to trade and gather the knowledge, when you go into trading you will lose because you know nothing about it, newbies for trading you should learn because it's necessary to because if you fails to learn you have in danger your funds

You can never achieve success in trading with only basic knowledge, to be a successful trader you must have a complete and deep knowledge about trading, but for this a newbie, he definitely needs a real experience. I definitely agree with this that when a newbie gains general knowledge about trading, at that moment he has to do real trading with a very small amount of money, but even at that moment he must have a learning mindset, this will be much more effective in increasing his trading knowledge in depth.

However, if someone thinks he is very experienced by gaining only general knowledge, and starts trading with a large amount of money, it will only bring huge losses to him, very skilled and experienced traders often face losses, in that case how can you achieve success in trading with only general knowledge? So you should not think about anything unrealistic, trading is a place that looks very easy but the reality is much more difficult and unpredictable. So you cannot make the wrong decision in the first place, just keep learning, by learning for a long time, you can definitely gain skills at one stage, and then you can achive success.

Trading skill isnt something a skill that you would be able to learn in a short period of time or with having those few engagement into the market on which this one involves that long time engagement and spending up your time on dealing with this unpredictable space. Survive and be able to sustain yourself despite of those unpredictable movements on which this is something which will be your main priority. Always be considerate on how you would be making out adjustments accordingly basing up into the things that you do able to encounter. Also not all traders will be able to survive and would be that staying themselves towards this space on which there are those who do sustain and there are those who do give up just because they cant be able to bare up with the risk involved into it. You would be needing up that realistic approach as well because not all will be having that persistence and perseverance on dealing up with this space. If you are just that a noob then you should be doing up the basics firts if you do want to have that good grasps towards this space.

Set your mindset self first about being on having that realistic approach. Trying out to make your understanding way more deeper as you do make up trades. Dont rush up and dont let other things that will disrupt out your thinking, because most of the time the main reason on why people do end up on having no focus just because they've been letting those thinking that they do make sure money within this market on which we know that this cant be just that possible. There are tons of factors that affects out on someones profitability on which it will be that causing up whether ending up on positive or negative due to this and that. It would be impossible that you cant be able to determine on what are the things that you would be needing up to deal up with and on the moment that you do able to realize then this is the moment that you would be taking up some actions and would be able to adapt accordingly on which of course its not easy but its not something impossible that you can be able to not to do so.

[Altryist]

Knowledge is the most important thing to Chase but nowadays beginners think getting the capital is the Most important thing...no one is disputing the fact that you need to stack up if actually want to get something significant from trading but at the beginning phase this isn't what you should be focused on... learning is the way to earn in trading but if you skip this due to impatience then you won't achieve anything

Learning and gaining experience are the most important stages in trading, and they cannot be ignored. It does not matter whether you have capital or not, you cannot just start trading because you will lose everything you have or keep losing the small amount of money you currently possess. I also did not start my trading journey in the best way, immediately trying to combine learning and practice, and because of that I made a lot of mistakes. So I want to add that rushing is also a mistake in trading. There is no need to hurry, it will not improve your trading results in any way, and you will almost certainly lose money during that time.

[Egii Nna]

Firstly, as a newbie in trading, the best advice is to understand the basic knowledge about trading, which includes patience, risk management, reading books, watching trusted YouTube channels, and, if possible, enrolling in a course.

When you’re ready to start trading, it’s important to know that your capital determines a lot. It is highly advised to start with a demo account first. After you’ve tested and practiced what you’ve been learning, then you can start using your own money.

When investing your money, only use funds you know you have double or more of outside of trading. And when you start, never put half of your trading capital into one trade.

One of the biggest mistakes beginners make is relying too much on trading signals or thinking they can get rich from a single trade.

As a newbie, always keep reading. Even if you think you know a lot, continue learning. You can’t fully understand trading in just a few months, you have to be consistent and keep studying.

[Hydrogen]

Trading is essentially a less brutal, lower volatility version of sports gambling.

The segment of the population capable of winning consistent trades are a small minority.

Trading is a game for know it alls who enjoy breaking things down piece by piece to comprehend every nook and cranny of market mechanics.

Being able to explain every uptrend and downturn of tesla stock is basic essential knowledge for trading.

Most might say: "that's too much work".

And that's why most likely won't exceed expectations as traders.

[AGogi2003]

How many times has this been discussed in this forum, so many times than i can even count and the replies you are going to get is the same, nothing changed. If newbies can help it, they should not trade, that is the best advice they can get, that said, if they want to trade, they must do so after they have spent sometime learning how to trade and acquiring the skills they need to do so, risk management is also very important, in addition to how they manage their funds.

You are right, is not a new things in the forum that many people explain the basics knowledge you need to advise to a newbie if is about to start trading, even your mentor that is guiding you to trade will explain it to you before you embark on your trading journey. Knowledge is very important you should always have knowledge about what you are interesting to do. Newbie always feel motivated when many people are getting huge profit on trading and they will like to trade, to have same profits and they didn't know is not a one day journey. they have spend alot of time studying and getting experience and losing and having more experience before they achieved there goals.

If am not mistaken if you started trading you most definitely lose first before getting profits, because the market doesn't friendly to newbies, he happen to me too and my mentor says that is how the market it sometimes so I believe you need to lose to correct your mistakes in trading and get more experience to it. Trading doesn't always easy that is why is very important to get the Knowledge before you put your funds to it, because is very risky. When you have lose that is all, not getting refunds like investment that when you are in lose if the market good the coin can pump and get your capital and profits. Trading is 50/50 you lose or you gain, and get source of income before you put more interest on it.

[2Pizza410000BTC]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

My advice for beginners on trading platforms is to use a very small budget on the trading platform at first so that you don't regret it even if you lose. It is not possible to use a lot of money on the trading platform at once, if that money is accidentally lost, then your trading learning can also be in vain. Moreover, my advice for beginners is not to trade emotionally, you need to be patient on the trading platform and not be overly greedy. There are many traders who still do not follow all these strategies, due to which they face losses on the trading platform. I will also say that the trading platform is not a get rich quick scheme, you have to move forward from the trading platform gradually with a very small amount of money, if you expect more profit, you will suffer in trading.

[SamReomo]

Trading is essentially a less brutal, lower volatility version of sports gambling.

No, I don't think that's right way to present trading. A trader is someone who learns trading overtime and perfect his/her skill of trading while someone who's into sports betting is only considered a gambler who gambles with hope to win. A trader sometimes sell with some losses and recover it another time while a gambler who placed a wrong bet will end up losing the while amount. So in my eyes in trading one has more controls compared to sports betting.

[harapan]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

My advice is simple trading is not a get rich quick scheme as patience is required to enhance every process, also as a newbie to trading you should be bent on starting small with an amount you can afford to lose cause loses are inevitable as well as profits. And again it's not about going into the crypto space is about learning and unwinding results.

[mirakal]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.

My advice is simple trading is not a get rich quick scheme as patience is required to enhance every process, also as a newbie to trading you should be bent on starting small with an amount you can afford to lose cause loses are inevitable as well as profits. And again it's not about going into the crypto space is about learning and unwinding results.

And many traders are still in difficulties of accepting the truth, and many think that once they trade, they will always make a profit. Because it was useless to be here trading for many years, but we're still doing wrong and no changes are made. A trader will not just know how to analyze the market but also how to execute the plan.

No risk, no gain. It was bold enough to understand, especially for beginners. With the right approach, a trader could really succeed. But having a stupid mindset will bring a trader to fail.

[Marvell1]

Trading is essentially a less brutal, lower volatility version of sports gambling.

No, I don't think that's right way to present trading. A trader is someone who learns trading overtime and perfect his/her skill of trading while someone who's into sports betting is only considered a gambler who gambles with hope to win. A trader sometimes sell with some losses and recover it another time while a gambler who placed a wrong bet will end up losing the while amount. So in my eyes in trading one has more controls compared to sports betting.

It is true that trading and sports betting or gambling are different but I think it is not wrong to say that trading is a less brutal and less volatile version of gambling. Because even if you have in-depth knowledge, skills and extensive experience, but in the end you still cannot decide your own fate. You still need a little luck to win, and if luck doesn't smile on you, your knowledge can't save you from losing. That makes trading somewhat similar to gambling, it's just that traders don't want to admit it because they don't want to be seen as gamblers.

[Inwestour]

It is true that trading and sports betting or gambling are different but I think it is not wrong to say that trading is a less brutal and less volatile version of gambling. Because even if you have in-depth knowledge, skills and extensive experience, but in the end you still cannot decide your own fate. You still need a little luck to win, and if luck doesn't smile on you, your knowledge can't save you from losing. That makes trading somewhat similar to gambling, it's just that traders don't want to admit it because they don't want to be seen as gamblers.

Trading will be similar to gambling if you act randomly. If you just try to guess where the market will go next instead of focusing on trends support and resistance levels placing stop losses and so on. I think there are a number of clear signs that separate trading from gambling. But I agree only with the fact that in both cases it will be quite difficult to make money.

[irhact]

My advice is simple trading is not a get rich quick scheme as patience is required to enhance every process, also as a newbie to trading you should be bent on starting small with an amount you can afford to lose cause loses are inevitable as well as profits. And again it's not about going into the crypto space is about learning and unwinding results.

Good advice and one that's going to help all new traders achieve their goals with satisfaction if they listen to you. Many newbies take trading as something that can make them quick money and this makes them to lose because their minds are focus on wanting to make money quick. Being a new trader should make you want to understand what's needed to be done to become a successful trader with many years of profits and not the type of trader that only want to make quick money but doesn't have a strategy that last them for a long time. Newbies should take the advice being given to them serious and follow them instead of giving them deaf ears.

[totalpropertygroup]

I currently use Coinbase for my crypto investments and wondered if I should move it to a hardware wallet.  If so, how easy is this to do, and is it worth it?

[dunfida]

My advice is simple trading is not a get rich quick scheme as patience is required to enhance every process, also as a newbie to trading you should be bent on starting small with an amount you can afford to lose cause loses are inevitable as well as profits. And again it's not about going into the crypto space is about learning and unwinding results.

Good advice and one that's going to help all new traders achieve their goals with satisfaction if they listen to you. Many newbies take trading as something that can make them quick money and this makes them to lose because their minds are focus on wanting to make money quick. Being a new trader should make you want to understand what's needed to be done to become a successful trader with many years of profits and not the type of trader that only want to make quick money but doesn't have a strategy that last them for a long time. Newbies should take the advice being given to them serious and follow them instead of giving them deaf ears.

All matters about on how you would be having that kind of approach towards trading because if you are thinking that trading is a get rich quick scheme then you would be always having this kind of approach. When you are touching this volatile space then make it sure that you have done yourself with the proper research on what you've been dealing into. Advises isnt something that most people will be that hearing out, they might be able to hear or read about other peoples sentiments in towards market movement. If you do want to trade, then make it sure that you are that well prepared and well informed on what are the probabilities that could happen along the way. Make it sure that you wont be finding yourself that being too positive about results or outcomes because market is unpredictable and there's no way that we can be able to tell on what are the things that would happen ahead.

Advises would be is that they should be that they should be that only investing or making use of the amount that they can afford to lose. Never ever that become that too optimistic
because it will be just that making you that disappointed in the end.

[Stable090]

As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

There are lots of things newbies are just suppose to know before they just start trading. Just as you said they should know that trading is not a get rich quick scheme, trading is not a Ponzi scheme, so they shouldn’t always expect instant money from trading.

The should know that they can lose from trading, even if they are professional, loss is something which they can’t avoid, and as beginner just learning how to trade, then they shouldn’t even expect profit from trading, they will definitely be losing when they start trading, but they shouldn’t give up, if they keep on learning, then their will be improvement.

They should trade with any amount they can afford to lose, don’t take loan just because you want to lose, because you might end up losing, and you going to be in mess, don’t be deceived by crypto signal providers who are always claiming people that join their group cant lose.

[Merit.s]

Trading is essentially a less brutal, lower volatility version of sports gambling.

No, I don't think that's right way to present trading. A trader is someone who learns trading overtime and perfect his/her skill of trading while someone who's into sports betting is only considered a gambler who gambles with hope to win. A trader sometimes sell with some losses and recover it another time while a gambler who placed a wrong bet will end up losing the while amount. So in my eyes in trading one has more controls compared to sports betting.

It is true that trading and sports betting or gambling are different but I think it is not wrong to say that trading is a less brutal and less volatile version of gambling. Because even if you have in-depth knowledge, skills and extensive experience, but in the end you still cannot decide your own fate. You still need a little luck to win, and if luck doesn't smile on you, your knowledge can't save you from losing. That makes trading somewhat similar to gambling, it's just that traders don't want to admit it because they don't want to be seen as gamblers.

I agree with you because in the long run, both traders and gamblers will run at loss. There are some people who are gambling through trading because they are trying their luck to see if they can make profits, since they don't have the concrete knowledge on trading.

I see those who jump into trading without giving themselves much time to learn about trading and gain proper knowledge to give them a hedge for profits as gamblers. We have many of them in the market today.