Start Trading for Beginners

[Rockstarguy]

I am more comfortable viewing Bitcoin as a digital asset. You should keep accumulating Bitcoin on a regular basis and it will help you reach your destination. I disagree with you. Among altcoins, you will find some that are truly mature and decentralized projects There are some decentralized cryptocurrencies that can provide short-term returns to experienced investors despite constant crashes. There are very few of them in the market. However I do not really trust these altcoins. I trust Bitcoin for long term investment.

Trading is very much risky but it is better for those who truly know they wont be able to meet up with the task in trading to just for their self into trading. Apart from trading profit can still be earned in Bitcoin by accumulating Bitcoin,  and you just only have to hodl Bitcoin for profit. The reason why some people just prefer trading is because they think profit comes so far in trading which they haven't learn anything in trading they but to make money quicker in trading.

[Fara Chan]

As a beginner in trading one should always understand that trading is quite different from what we normally see on the internet, we should not get deceived by online fake individuals that say trading is quite simple. Trading is very risky and it can destroy our emotions but when we learn to stay discipline and keep learning with the consistency going then we might see better results but we should not take trading as a fast money thing, it way more than that.

The people we see online who claim trading is easy are also people who studied the trading sector more diligently before they became truly successful and created content for many people to see. I'm not saying others are fake or inauthentic in their claims, but it may only be easy for them and still very risky for others who haven't studied hard enough. We simply need to focus on learning and set more realistic goals as we slowly begin to learn trading, because successful people are those who are patient and know how to capitalize on the moment.

[Wakate]

Trading is very much risky but it is better for those who truly know they wont be able to meet up with the task in trading to just for their self into trading. Apart from trading profit can still be earned in Bitcoin by accumulating Bitcoin,  and you just only have to hodl Bitcoin for profit. The reason why some people just prefer trading is because they think profit comes so far in trading which they haven't learn anything in trading they but to make money quicker in trading.

Accumulating Bitcoin has nothing to do with trading and we should not think that investing in Bitcoin related with trading Bitcoin on the spot or future market. The price of Bitcoin has gone down and the only thing an investor could do is to buy and hold Bitcoin till when the price will go up so they can make profits from the market. Traders are free to either trading the price of Bitcoin upwardly or downwardly. Whether price of Bitcoin goes down or up, traders can still make money.

[Rockstarguy]

~Snip

Accumulating Bitcoin has nothing to do with trading and we should not think that investing in Bitcoin related with trading Bitcoin on the spot or future market. The price of Bitcoin has gone down and the only thing an investor could do is to buy and hold Bitcoin till when the price will go up so they can make profits from the market. Traders are free to either trading the price of Bitcoin upwardly or downwardly. Whether price of Bitcoin goes down or up, traders can still make money.

And I never said accumulating Bitcoin have anything to do with trading. This is just just an advice for those who are not willing to learn trading but want to make profit in trading.  Instead of going into trading without understanding and no plan of learning, it is just better for one to buy bitcoin because the only thing you have to do is just to hodl. Trading is kind of technical and it you are not ready to learn you will just lose your money, because it is hard to be lucky when you dont understand what you are doing in trading.

[henmark]

When you are just a newbie, the best thing to do would be studying how to trade without actually trading for a long time. There are so many resources to learn, from charts to indicators to patterns to anything related to Technical Analysis basically. If you can do that then you are going to get a great result over long period of time.

Unfortunately too many people just wants money very quickly, everyone wants to be rich today, and that does not exist, not in crypto, not in anything else. But if you give it enough time, learn about it, and do better, then you are going to end up with a lot of profits, as long as you let it be. This is not going to be quick, but it is going to be something that will give you a good return.

[Ricardo11]

~Snip

Accumulating Bitcoin has nothing to do with trading and we should not think that investing in Bitcoin related with trading Bitcoin on the spot or future market. The price of Bitcoin has gone down and the only thing an investor could do is to buy and hold Bitcoin till when the price will go up so they can make profits from the market. Traders are free to either trading the price of Bitcoin upwardly or downwardly. Whether price of Bitcoin goes down or up, traders can still make money.

And I never said accumulating Bitcoin have anything to do with trading. This is just just an advice for those who are not willing to learn trading but want to make profit in trading.  Instead of going into trading without understanding and no plan of learning, it is just better for one to buy bitcoin because the only thing you have to do is just to hodl. Trading is kind of technical and it you are not ready to learn you will just lose your money, because it is hard to be lucky when you dont understand what you are doing in trading.

Trading is far ahead of investment in terms of additional risk and skill requirements, and therefore if you do not want to use skills and take additional risks, then you should definitely choose investment.
Trading is a field where lack of knowledge leads directly to losses, even the slightest mistake in research will cause you losses, it is a very sensitive matter.
Therefore, when considering the risk and long-term security between trading and investment, you should definitely choose investment, because it will give you much more security in the long run, but trading will lead you to take very big losses in a short time.

[ChocolateBitcoinK]

The real thing about trading is that there is a possibility of quick profit. And this is what attracts most beginners. When beginners enter the training without knowledge in the hope of profit, after some time they find themselves facing losses. It may seem very easy to make profit in trading but when someone loses money and has to face financial problems after losing money, the impact it has on his life becomes difficult to overcome. I do not think that beginners should get involved in trading out of greed. Trading is not a rush job, you have to learn, gain experience, and make rational decisions.

[RockBell]

When you are just a newbie, the best thing to do would be studying how to trade without actually trading for a long time. There are so many resources to learn, from charts to indicators to patterns to anything related to Technical Analysis basically. If you can do that then you are going to get a great result over long period of time.

Knowledge is the only thing that can save anyone, but how can one acquire knowledge?  The only thing that can keep things going is knowledge because without it, it is impossible to predict the market. If you don't study, you can't even call yourself a trader. Accordingly, the point you made about having all the resources available is true; the only thing left to consider is how prepared they are to explore the available options. Trading have been very interesting when you have the right knowledge because that is what matters the most.

Unfortunately too many people just wants money very quickly, everyone wants to be rich today, and that does not exist, not in crypto, not in anything else. But if you give it enough time, learn about it, and do better, then you are going to end up with a lot of profits, as long as you let it be. This is not going to be quick, but it is going to be something that will give you a good return.

That is what have been killing a lot of traders because they want to make quick money and the idea is not bad but when it comes to trading this will not go the way you want until you have understand how to control your emotions and you also need to learn from other people's experiences, so that what ever situations you find your self you will know the next step to take. And if you understand trading with time you will see your dream come true but you have learn to understand, before it can come through.

[Bitcoin_people]

~~
4. See what time do news Starts as most of them have high impact I do use https://www.forexfactory.com/calendar  and those that has red color have  a lot of impact
Never pay for telegram groups that sells Signals all of them are Scam, if he know how the market will go he would trade for himself and would not have time to manage the group or ask for payments !

~~

Those who sell signals in Telegram groups will never be able to give correct signals, rather the signals they give are coins they have created or contacted which are pumped for a temporary period. Of course, if a person was so experienced that his predictions were always effective, then he would never sell these signals on Telegram, but he could earn a lot of dollars by trading. However, these are a kind of trap for them. Many times there are some coins of small value that increase rapidly but when you want to sell them later, they cannot be sold. Moreover, those coins are scams, that is why we always need to avoid such signals before trading. And trading is not an easy task at all, rather it is very difficult if you start without gaining education, so first gain experience and then proceed according to the steps of trading.

[ancafe]

There are many people who made money from trading and there are a lot who lost money too by being greedy or lack of knowledge
Hope this thread helps someone
Cheers from MarangoZ

Trading doesn't have to be practiced on a real account while we are studying, so there's no risk of initial losses. We can start with a demo account, and many exchanges now provide guides for beginners to practice trading. Most beginners are greedy and lack discipline, which can worsen their trading activities. Conversely, not many of them truly understand trading. This lack of understanding of trading can cause problems, and ultimately, they lose more money trading without developing good skills.

A demo account can be useful for practicing trading skills to improve them, but it can't train discipline because even if you lose, you don't lose money. Unlike a real account, where you lose money when you lose, psychologically training discipline should be done on a real account, but with a small budget at first to avoid psychological distress.

[armanda90]

Trading doesn't have to be practiced on a real account while we are studying, so there's no risk of initial losses. We can start with a demo account, and many exchanges now provide guides for beginners to practice trading. Most beginners are greedy and lack discipline, which can worsen their trading activities. Conversely, not many of them truly understand trading. This lack of understanding of trading can cause problems, and ultimately, they lose more money trading without developing good skills.

A demo account can be useful for practicing trading skills to improve them, but it can't train discipline because even if you lose, you don't lose money. Unlike a real account, where you lose money when you lose, psychologically training discipline should be done on a real account, but with a small budget at first to avoid psychological distress.

Huge difference way trading using demo account and real account, easily earn much profit trough demo account but quite difficult when using real account and its not my self experience only but also many people get the same experienced. But good way using demo account to know what the aspect in trading have to know for beginner exactly about set up stop loss, learn how to use take profit feature until learning more about spent left few percent capital prepare when market get another dip price.

Just one difference thing, using demo account make us less pressure exactly in cryptocurrency trading not matter how much loss when using demo account, but face huge pressure when using real account although get loss few percent only. If want push your mentality better start trading in cryptocurrency using real account but learn more about trading feature is good way from using demo account.

[nara1892]

I am more comfortable viewing Bitcoin as a digital asset. You should keep accumulating Bitcoin on a regular basis and it will help you reach your destination. I disagree with you. Among altcoins, you will find some that are truly mature and decentralized projects There are some decentralized cryptocurrencies that can provide short-term returns to experienced investors despite constant crashes. There are very few of them in the market. However I do not really trust these altcoins. I trust Bitcoin for long term investment.

Trading is very much risky but it is better for those who truly know they wont be able to meet up with the task in trading to just for their self into trading. Apart from trading profit can still be earned in Bitcoin by accumulating Bitcoin,  and you just only have to hodl Bitcoin for profit. The reason why some people just prefer trading is because they think profit comes so far in trading which they haven't learn anything in trading they but to make money quicker in trading.

Therefore, for beginners, my advice is to learn more, especially about the world of trading. If they want to get involved immediately, they can choose Bitcoin as their first choice while learning about forex, futures, or other trading.

I believe that this way, we can at least gain a basic understanding of the nature of the market and how to manage risk properly.
However, if they aren't ready or aren't yet prepared to accept significant risk, it's better to choose the spot market and stick with it. Even if the profit percentage is small, it doesn't matter, as long as it's certain.

[liasbaa]

The real thing about trading is that there is a possibility of quick profit. And this is what attracts most beginners. When beginners enter the training without knowledge in the hope of profit, after some time they find themselves facing losses. It may seem very easy to make profit in trading but when someone loses money and has to face financial problems after losing money, the impact it has on his life becomes difficult to overcome. I do not think that beginners should get involved in trading out of greed. Trading is not a rush job, you have to learn, gain experience, and make rational decisions.

This is a problem for beginners who want to make a profit at the beginning and focus on trading. Making money from trading is not easy at all. The expectation of quick profits makes most beginners greedy but they should start by investing rather than getting involved in trading because they need to practice patience and practice saving to understand the market situation.

Trading for beginners brings more bad experiences when they take advice from others without knowing about the market and buy with the temptation of high profits but soon they lose their capital or sell at a loss. In my opinion, beginners should practice saving initially without expecting quick profits.

[ancafe]

Just one difference thing, using demo account make us less pressure exactly in cryptocurrency trading not matter how much loss when using demo account, but face huge pressure when using real account although get loss few percent only. If want push your mentality better start trading in cryptocurrency using real account but learn more about trading feature is good way from using demo account.

Since this is a way to train discipline, it might be okay if someone doesn't experience pressure. Once that discipline is established, they can then try trading on a riil account, where they will gradually learn to manage stress and self-control. It's certainly not easy to develop a pattern of managing stress when practicing on a demo account and then moving to a riil account, but people can try it with a small amount of capital first, and I think it's much better as a learning experience than directly engaging in trading with a riil account.

Everyone has a different way of practicing their skills, and most importantly, how they make wise decisions about their involvement. If they feel better practicing their skills on a riil account, that's fine as long as they can maintain control, discipline, and avoid over-trading. Every decision is based on what people know, and is usually influenced by mentors, which helps them make good decisions.

[Lanatsa]

Just one difference thing, using demo account make us less pressure exactly in cryptocurrency trading not matter how much loss when using demo account, but face huge pressure when using real account although get loss few percent only. If want push your mentality better start trading in cryptocurrency using real account but learn more about trading feature is good way from using demo account.

Since this is a way to train discipline, it might be okay if someone doesn't experience pressure. Once that discipline is established, they can then try trading on a riil account, where they will gradually learn to manage stress and self-control. It's certainly not easy to develop a pattern of managing stress when practicing on a demo account and then moving to a riil account, but people can try it with a small amount of capital first, and I think it's much better as a learning experience than directly engaging in trading with a riil account.

Everyone has a different way of practicing their skills, and most importantly, how they make wise decisions about their involvement. If they feel better practicing their skills on a riil account, that's fine as long as they can maintain control, discipline, and avoid over-trading. Every decision is based on what people know, and is usually influenced by mentors, which helps them make good decisions.

Using a demo account is helpful only up to a point it teaches you how to read charts use trading tools and understand market behavior without fear of losing money but it can’t simulate the emotions that come with using real money once you start trading live even small losses can feel heavy and that emotional pressure changes how you make decisions. Starting with a demo account builds basic discipline and technical skill but mental control only comes with real exposure one good approach is to move from demo to a small live account trade tiny amounts that you can afford to lose that way you still feel the emotional impact of wins and losses but not enough to cause panic.

Some people need that real pressure to grow while others prefer to master the process first before risking anything both methods work if they come with discipline and self awareness the key is to know yourself if you can stay calm when the market moves against you then you’re ready to trade live. Mentors and experience play a big role too learning from others can shorten the time it takes to build the right habits but no amount of theory replaces the lessons that come from real trading once you combine technical learning from demo with emotional control from live experience that’s when trading really starts to make sense.

[BlackBaron]

Therefore, for beginners, my advice is to learn more, especially about the world of trading. If they want to get involved immediately, they can choose Bitcoin as their first choice while learning about forex, futures, or other trading.

I believe that this way, we can at least gain a basic understanding of the nature of the market and how to manage risk properly.
However, if they aren't ready or aren't yet prepared to accept significant risk, it's better to choose the spot market and stick with it. Even if the profit percentage is small, it doesn't matter, as long as it's certain.

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

[puloweh555]

When you are just a newbie, the best thing to do would be studying how to trade without actually trading for a long time. There are so many resources to learn, from charts to indicators to patterns to anything related to Technical Analysis basically. If you can do that then you are going to get a great result over long period of time.

Unfortunately too many people just wants money very quickly, everyone wants to be rich today, and that does not exist, not in crypto, not in anything else. But if you give it enough time, learn about it, and do better, then you are going to end up with a lot of profits, as long as you let it be. This is not going to be quick, but it is going to be something that will give you a good return.

Absolutely right. The most important thing for beginners entering the world of trading is to start with their mindset, then learn, develop strategies, and prepare capital. I mean, jumping into trading or investing with the mindset of getting rich quick is a mistake. While the crypto world can make you rich, it takes time and effort.

As you said, many beginners jump into the crypto world because they want to get rich quick. This is a fact. They all fall prey to influencers who motivate them to trade to get rich, but they don't teach them or explain the process. Many in my community have this wrong mindset, so when they enter the crypto world, they are shocked to experience losses unlike the influencers had described. That's why I say it's crucial when entering the crypto world to first change your mindset.

[Olatundespo]

Therefore, for beginners, my advice is to learn more, especially about the world of trading. If they want to get involved immediately, they can choose Bitcoin as their first choice while learning about forex, futures, or other trading.

I believe that this way, we can at least gain a basic understanding of the nature of the market and how to manage risk properly.
However, if they aren't ready or aren't yet prepared to accept significant risk, it's better to choose the spot market and stick with it. Even if the profit percentage is small, it doesn't matter, as long as it's certain.

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

You should start with long term Bitcoin accumulation to learn. If you start investing in Bitcoin, on the one hand, you will be able to build a holding of one of the best assets, secondly, you will be able to build patience to keep buying regardless of the market price and you will be more knowledgeable about the importance of Bitcoin, besides you will be able to be knowledgeable about other coins.

If you can run a regular Bitcoin accumulation cycle of at least four years, then you can diversify your investments in the future. You can buy reliable coins for short term trading with the highest priority on Bitcoin.

[Powerjumboo]

I am more comfortable viewing Bitcoin as a digital asset. You should keep accumulating Bitcoin on a regular basis and it will help you reach your destination. I disagree with you. Among altcoins, you will find some that are truly mature and decentralized projects There are some decentralized cryptocurrencies that can provide short-term returns to experienced investors despite constant crashes. There are very few of them in the market. However I do not really trust these altcoins. I trust Bitcoin for long term investment.

Trading is very much risky but it is better for those who truly know they wont be able to meet up with the task in trading to just for their self into trading. Apart from trading profit can still be earned in Bitcoin by accumulating Bitcoin,  and you just only have to hodl Bitcoin for profit. The reason why some people just prefer trading is because they think profit comes so far in trading which they haven't learn anything in trading they but to make money quicker in trading.

Those who think that trading platforms bring quick profits are the ones who suffer the most from trading platforms. Especially new traders suffer the most from thinking like this. However, every trader should remember that trading is not an easy way to make money and it is very difficult to make money from trading. However, for beginners, it is best to hold Bitcoin instead of trading because holding Bitcoin allows you to make profits without risk. Moreover, if a new person wants to trade, he must trade with a very small amount of money. If a new trader can trade with a very small amount of money, he will be able to survive on the trading platform, otherwise, if he trades with more money and thinks more about making a profit, he will lose quickly.

[Ricardo11]

Therefore, for beginners, my advice is to learn more, especially about the world of trading. If they want to get involved immediately, they can choose Bitcoin as their first choice while learning about forex, futures, or other trading.

I believe that this way, we can at least gain a basic understanding of the nature of the market and how to manage risk properly.
However, if they aren't ready or aren't yet prepared to accept significant risk, it's better to choose the spot market and stick with it. Even if the profit percentage is small, it doesn't matter, as long as it's certain.

Learning is paramount before doing anything. We must have knowledge, at least an understanding of what we're doing. Everyone starts out without knowledge, but with gradual learning, they gain knowledge and can even become professionals.

In trading, there's a lot to learn, from markets, risks, finances, and much more. However, there's no need to rush to understand it all, we can learn while trading or investing. Yes, I agree, while learning, we can hold Bitcoin as a first step.

Without fully knowledge, you cannot succeed in trading, that is why learning trading is the most important thing, in fact, if you have no education or knowledge about a subject, you will never be successful in that subject.
And that is why you have to spend a lot of time to learn everything in trading, trading is a very difficult subject, and complete knowledge here can never be achieved in a short time, so of course you have to pay close attention to learning here with patience.
In the first situation, success cannot be expected in any way, so jumping here in the hope of quick profit only means leading yourself to more losses.
You cannot get rich overnight from anything, patience is needed in all cases, when you go to achieve something in a hurry, it will have a more opposite reaction and lead you to more loss.
So in trading, it is necessary to learn first, and you have to be patient to learn and have a long-term mindset, and you have to acquire skills here over time without any hurry.