Start Trading for Beginners

[Cgrexp]

Trading is risky for new investors. Because they invest money thinking it is a way to make money. And if they initially invest a large amount of money in trading, then there is a possibility of big financial losses if the market goes down. Again, if he starts trading with a small amount of money and after making a few profits, his confidence increases and he is interested in investing a large amount of money and then when the market goes down, he suffers a big financial loss, this can affect him. So it is better to invest regularly instead of taking such high financial risks at first. Because in case of regular investment, he will invest a small amount of money, so the loss will be small if the market goes down.

[bigimann]

First off, I will advice you to research on the trading models available and then pick the one that aligns with your personality and style. Models like the ICT, Smart Money Contract (SMC), Support and Resistance (SnR), and others I don't mention.

Next is to learn about price actions. Things like High and Low, support and resistance levels, liquidity sweeps, fair value gaps (FVG), mitigation blocks, order blocks, imbalances, market structure shift, demand and supply zones, etc...

From there you can start with demo account so as to build your psychology (very important) before proceeding to put in real money. Note that psychology is key in trading and it's the most complex aspect of it, never to be underestimated.


NOTE: Always risk what you can afford to lose

See you at the top champ!

[Dynamite++]

If you ever wonder how many people make profit when market is going down  or up
here are few tips on how to get started for Beginners
(this is based on my knowledge and how I do it )

1. You need to choose a Broker I do use IC market  as broker

2. You need MetaTrader 4 or 5 app 
Once you have done the KCY on Ic market it gives you the account info which u will use on Metatrader

3, Use Trading View to see the  Real time Charts if the coin you are trading

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 !

Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose.
Before you start to put real money into trading

START with DEMO account and learn a lot before starting with real money
Learn how to use SL (stop loos) Important
Learn how to set TP (Take profit)  Important
Learn how to manage your balance
Learn how LOT works 

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

Great thread, thanks for sharing your knowledge and experience, with this a lot of beginner coming into the trading market will have an idea of what steps to take and there probably wouldn't get scam by all this telegram groups out online.
       In addition to this if a beginner is seeing this quote,you could also check out some YouTube videos on how to follow this steps he drop, cause I remember when I first started trading it was not easy for me then, as I had no personal mentor or someone to direct me rightly, but surely most youtube videos were really helpful.

[YUriy1991]

Trading is risky for new investors. Because they invest money thinking it is a way to make money. And if they initially invest a large amount of money in trading, then there is a possibility of big financial losses if the market goes down. Again, if he starts trading with a small amount of money and after making a few profits, his confidence increases and he is interested in investing a large amount of money and then when the market goes down, he suffers a big financial loss, this can affect him. So it is better to invest regularly instead of taking such high financial risks at first. Because in case of regular investment, he will invest a small amount of money, so the loss will be small if the market goes down.

I think everyone has their own strategy for making money trading on crypto exchanges. Professionals usually record everything they do in a trading journal. This will greatly help someone manage their emotions and avoid getting carried away by greed when trading. It's true, as you said, someone can grow a large asset with a small amount of capital, but even a small mistake or hasty decision can wipe out everything they've worked so hard to gain.

[BlackBaron]

I also quite agree with your opinion about fund allocation, but applying limits to fund allocation isn't just for beginners; experienced traders also do this because it's part of risk management, considering that emotions can wreak havoc at any time.

Financial management, risk management, and emotional management are fundamentals we must understand before we start trading. Therefore, it is crucial to stay within our limits, especially when we experience losses.

I won't discuss profits, as that is our goal before trading. However, I will emphasize losses. We often focus solely on the potential profits, forgetting that losses also accompany trading. The first thing we should consider is the losses or risks, because focusing solely on profits can lead to significant losses.

[8rch7]

Financial management, risk management, and emotional management are fundamentals we must understand before we start trading. Therefore, it is crucial to stay within our limits, especially when we experience losses.

I won't discuss profits, as that is our goal before trading. However, I will emphasize losses. We often focus solely on the potential profits, forgetting that losses also accompany trading. The first thing we should consider is the losses or risks, because focusing solely on profits can lead to significant losses.

Risk management in trading is really needed if won't loss more and greatest fundamental in cryptocurrency trading, before talking about how much profit earn firstly need to know all aspect in trading from risk management, emotional management until profitable target for taking profit. In cryptocurrency trading, many people only focus to earn much profit without preparing risk management by stop loss how to avoid get more loss again and has chance to buy at bottom price.
Beginner must learn more if want trading in cryptocurrency and manage well with emotional if won't loss or missing opportunity take profit when price raising up, some time many beginner too greedy when the assets investing already raise higher price and over optimistic with price won't go down.

[BlackBaron]

Financial management, risk management, and emotional management are fundamentals we must understand before we start trading. Therefore, it is crucial to stay within our limits, especially when we experience losses.

I won't discuss profits, as that is our goal before trading. However, I will emphasize losses. We often focus solely on the potential profits, forgetting that losses also accompany trading. The first thing we should consider is the losses or risks, because focusing solely on profits can lead to significant losses.

Risk management in trading is really needed if won't loss more and greatest fundamental in cryptocurrency trading, before talking about how much profit earn firstly need to know all aspect in trading from risk management, emotional management until profitable target for taking profit. In cryptocurrency trading, many people only focus to earn much profit without preparing risk management by stop loss how to avoid get more loss again and has chance to buy at bottom price.
Beginner must learn more if want trading in cryptocurrency and manage well with emotional if won't loss or missing opportunity take profit when price raising up, some time many beginner too greedy when the assets investing already raise higher price and over optimistic with price won't go down.

I totally understand when someone comes for the first time because they see the potential benefits, but that doesn't mean they should always be like that. When they're first learning, I think they'll encounter a lot of warnings about the risks, even if they're learning from a content creator.

And especially if they're in this forum, where there's a lot of discussion about it, and a lot of advice, including experiences shared by many people, both good and bad. So, if they're in this forum, they should be able to learn even better.

[Alpen]

You shouldn't trade crypto on Forex, given the volatility observed in Bitcoin and altcoins. Besides, Forex brokers often lack direct access to real liquidity providers, and all the fluctuations you see on the charts are just programmatic. Clients end up trading against each other and the broker itself—a model often called a 'bucket shop.'

True, crypto exchanges also commit various trading manipulations; there are many examples, and I can provide proof if anyone is interested. I stick to spot trading to protect my investments, since Bitcoin cannot fall to zero. Though I did see my ETH lose 50% while BTC was rising. That was a crazy time.

I solved the liquidity issue by focusing on crypto payment gateways. At Cryptomus, where I trade, volumes come directly from corporate clients, so there are zero issues with turnover or depth in the order book

[Dickiy]

Trading is risky for new investors. Because they invest money thinking it is a way to make money. And if they initially invest a large amount of money in trading, then there is a possibility of big financial losses if the market goes down. Again, if he starts trading with a small amount of money and after making a few profits, his confidence increases and he is interested in investing a large amount of money and then when the market goes down, he suffers a big financial loss, this can affect him. So it is better to invest regularly instead of taking such high financial risks at first. Because in case of regular investment, he will invest a small amount of money, so the loss will be small if the market goes down.

I think everyone has their own strategy for making money trading on crypto exchanges. Professionals usually record everything they do in a trading journal. This will greatly help someone manage their emotions and avoid getting carried away by greed when trading. It's true, as you said, someone can grow a large asset with a small amount of capital, but even a small mistake or hasty decision can wipe out everything they've worked so hard to gain.

I agree that everyone has their own trading strategy. Honestly, I've experienced many setbacks when following other people's strategies, and ultimately, I learned that we can't fully master someone else's strategy. There are certain dos and don'ts when implementing that strategy. Therefore, I now prefer to use my own strategy, created from my own experience.

You're also right that great achievements can be lost due to small mistakes, such as greed or an inability to accept the reality of losses, which can lead a trader to continue trading until they are ultimately liquidated.

[ASloveapg]

I also quite agree with your opinion about fund allocation, but applying limits to fund allocation isn't just for beginners; experienced traders also do this because it's part of risk management, considering that emotions can wreak havoc at any time.

Financial management, risk management, and emotional management are fundamentals we must understand before we start trading. Therefore, it is crucial to stay within our limits, especially when we experience losses.

I won't discuss profits, as that is our goal before trading. However, I will emphasize losses. We often focus solely on the potential profits, forgetting that losses also accompany trading. The first thing we should consider is the losses or risks, because focusing solely on profits can lead to significant losses.

It is definitely necessary, you should not only think about profits, because the possibility of losses is also very high, so if you do not consider the possibility of losses in advance, then if you lose later, it can create a negative situation for you. So considering the possibility of losses, you have to be careful about possible losses in advance. So I completely agree with you that to be successful in trading, it is never enough to just look at the profit side, but the most important part is to understand how to control losses, because usually when you start trading, you will have to face losses most of the time.

[ndutndut]

Financial management, risk management, and emotional management are fundamentals we must understand before we start trading. Therefore, it is crucial to stay within our limits, especially when we experience losses.

I won't discuss profits, as that is our goal before trading. However, I will emphasize losses. We often focus solely on the potential profits, forgetting that losses also accompany trading. The first thing we should consider is the losses or risks, because focusing solely on profits can lead to significant losses.

It is definitely necessary, you should not only think about profits, because the possibility of losses is also very high, so if you do not consider the possibility of losses in advance, then if you lose later, it can create a negative situation for you. So considering the possibility of losses, you have to be careful about possible losses in advance. So I completely agree with you that to be successful in trading, it is never enough to just look at the profit side, but the most important part is to understand how to control losses, because usually when you start trading, you will have to face losses most of the time.

Trading carries a very high risk. Therefore before entering the world of trading, you must first understand how to manage losses and of course how to manage them. As mentioned above, mastering these three aspects is crucial. Losses are a part of trading, and they are unavoidable, but we can manage them.

Many beginners enter the world of trading and focus primarily on profit. This is what makes them weak and even depressed when they experience losses. This is because their initial trading strategy is flawed, focusing solely on profit without considering the potential risks. These beginners typically enter trading when the market is rising, assuming the market will always rise, even though there are certain moments when the market can experience very rapid declines.

[GeorgeJohn]

Trading is risky for new investors. Because they invest money thinking it is a way to make money. And if they initially invest a large amount of money in trading, then there is a possibility of big financial losses if the market goes down.

Trading is very risky and it's obvious..but the problem is that people thought that everyone that goes to trading will become successful..but knowing that trading have a tactics someone need to follow so that it will not lost what it needs...

Again, if he starts trading with a small amount of money and after making a few profits, his confidence increases and he is interested in investing a large amount of money and then when the market goes down, he suffers a big financial loss, this can affect him. So it is better to invest regularly instead of taking such high financial risks at first. Because in case of regular investment, he will invest a small amount of money, so the loss will be small if the market goes down.

I want you to understand that trading risks is as same as gambling, so it will more better if you trade with what you can afford to lose, because if you go into trading with what you can't afford to lose, there's every tendency that you may lose in trading what you didn't intend to lose...secondly, what contribute for newbies or beginners in trading to use a big amount of capital to trade is as result of greediness, it's good to start trading with what you can lose without panicking.

[KeenanEl19]

Trading carries a very high risk. Therefore before entering the world of trading, you must first understand how to manage losses and of course how to manage them. As mentioned above, mastering these three aspects is crucial. Losses are a part of trading, and they are unavoidable, but we can manage them.

Many beginners enter the world of trading and focus primarily on profit. This is what makes them weak and even depressed when they experience losses. This is because their initial trading strategy is flawed, focusing solely on profit without considering the potential risks. These beginners typically enter trading when the market is rising, assuming the market will always rise, even though there are certain moments when the market can experience very rapid declines.

Many factors must be properly understood to minimize losses. Although losses exist and are certain to occur, having a good understanding and knowledge can reduce the likelihood of losses or risks occurring.

Many people who enter trading and only focus on profits usually have inadequate knowledge, and sometimes make decisions without careful consideration. The problem lies in their mindset. If you want to enter trading, it's best to be accompanied by sound knowledge; don't rely solely on luck.

[GIF-JOBS]

Trading carries a very high risk. Therefore before entering the world of trading, you must first understand how to manage losses and of course how to manage them. As mentioned above, mastering these three aspects is crucial. Losses are a part of trading, and they are unavoidable, but we can manage them.

Many beginners enter the world of trading and focus primarily on profit. This is what makes them weak and even depressed when they experience losses. This is because their initial trading strategy is flawed, focusing solely on profit without considering the potential risks. These beginners typically enter trading when the market is rising, assuming the market will always rise, even though there are certain moments when the market can experience very rapid declines.

Many factors must be properly understood to minimize losses. Although losses exist and are certain to occur, having a good understanding and knowledge can reduce the likelihood of losses or risks occurring.

Many people who enter trading and only focus on profits usually have inadequate knowledge, and sometimes make decisions without careful consideration. The problem lies in their mindset. If you want to enter trading, it's best to be accompanied by sound knowledge; don't rely solely on luck.

This is why you can't expect much from trading at the initial stage, first you just have to have a learning mindset, you will lose at first but you have to accept the loss and not see it as a disappointment but as a way to learn more. You have to learn the right lessons from failure, only then can you become a skilled trader in a time, only you have to have the right mindset and long-term efforts, you have to see it as a long-term process, not a path to short-term success.

[G_Besar]

I think everyone has their own strategy for making money trading on crypto exchanges. Professionals usually record everything they do in a trading journal. This will greatly help someone manage their emotions and avoid getting carried away by greed when trading. It's true, as you said, someone can grow a large asset with a small amount of capital, but even a small mistake or hasty decision can wipe out everything they've worked so hard to gain.

That's the risk all traders must understand when they enter the market, because hasty decisions without careful consideration can destroy their entire plans. Growing assets from a small capital to a large one through trading is certainly possible, but it always takes time, especially for beginners who are doing it, as they will undoubtedly be overwhelmed by managing their own emotions. So, this is not a simple matter and can even be very complicated for beginners who don't have much experience in the market.

[YUriy1991]

Trading is risky for new investors. Because they invest money thinking it is a way to make money. And if they initially invest a large amount of money in trading, then there is a possibility of big financial losses if the market goes down. Again, if he starts trading with a small amount of money and after making a few profits, his confidence increases and he is interested in investing a large amount of money and then when the market goes down, he suffers a big financial loss, this can affect him. So it is better to invest regularly instead of taking such high financial risks at first. Because in case of regular investment, he will invest a small amount of money, so the loss will be small if the market goes down.

I completely agree with your opinion. When we find momentum and generate significant profits, we need to know when to take profits or set a stop-loss on the market platform. When we're on a winning streak, we sometimes get carried away by emotions and invest our entire assets. When the price drops, the result is a total loss. Losing all our capital is very painful, making us reluctant to start again. However, if we understand a little about risk management, learning to manage our emotions while trading is a good idea. We can survive in the market by continuously monitoring momentum to regain more profits.

[liasbaa]

Trading carries a very high risk. Therefore before entering the world of trading, you must first understand how to manage losses and of course how to manage them. As mentioned above, mastering these three aspects is crucial. Losses are a part of trading, and they are unavoidable, but we can manage them.

Many beginners enter the world of trading and focus primarily on profit. This is what makes them weak and even depressed when they experience losses. This is because their initial trading strategy is flawed, focusing solely on profit without considering the potential risks. These beginners typically enter trading when the market is rising, assuming the market will always rise, even though there are certain moments when the market can experience very rapid declines.

Many factors must be properly understood to minimize losses. Although losses exist and are certain to occur, having a good understanding and knowledge can reduce the likelihood of losses or risks occurring.

Many people who enter trading and only focus on profits usually have inadequate knowledge, and sometimes make decisions without careful consideration. The problem lies in their mindset. If you want to enter trading, it's best to be accompanied by sound knowledge; don't rely solely on luck.

This is why you can't expect much from trading at the initial stage, first you just have to have a learning mindset, you will lose at first but you have to accept the loss and not see it as a disappointment but as a way to learn more. You have to learn the right lessons from failure, only then can you become a skilled trader in a time, only you have to have the right mindset and long-term efforts, you have to see it as a long-term process, not a path to short-term success.

You are right. It may be a wrong idea to expect profit initially in trading. I think those who are new to trading should refrain themselves from this risky strategy. It would be a good decision to focus on investing during the learning period. And one should start with small accumulation and spend time the learning period because it is better to invest in long term investments than short term trading for market analysis. Some newbies may start trading expecting to get high profit and do not analyze the market. They are the ones who suffer more losses and lose money.

[RockBell]

Financial management, risk management, and emotional management are fundamentals we must understand before we start trading. Therefore, it is crucial to stay within our limits, especially when we experience losses.

It is very important as a trader when you know how to manage your resources, we must understand the fact that all this are very important because you will reduce, and when all this are put in place you don't have to worry losing money, because since you are placing every other thing, in control like stop loss and many others, all this knowledge are important and you would not want to lose, so is like a already established principle that everyone much follow to be on a safer side, and this is why people are advised to take risk management seriously.

I won't discuss profits, as that is our goal before trading. However, I will emphasize losses. We often focus solely on the potential profits, forgetting that losses also accompany trading. The first thing we should consider is the losses or risks, because focusing solely on profits can lead to significant losses.

People need to know that as you are calculating your profit the same time you should be calculating your loses also, because focusing on profits alone will not help you and that is why a lot of people are doing exactly what they are doing now things like revenge trading and many more. And there demo fixtures that you can even use to master trading not necessarily your money so that you will calculate your risk before taking them. That is very important when trading. The guidelines might be small but strictly follow.

[Pandorak]

This is why you can't expect much from trading at the initial stage, first you just have to have a learning mindset, you will lose at first but you have to accept the loss and not see it as a disappointment but as a way to learn more. You have to learn the right lessons from failure, only then can you become a skilled trader in a time, only you have to have the right mindset and long-term efforts, you have to see it as a long-term process, not a path to short-term success.

Being a trader is not easy. You need not only capital but also high focus and adequate knowledge, because if you make the wrong move, you could lose all your money in a matter of minutes or hours. Unlike SPOT, even if the price drops by more than 50%, you will not suffer any losses as long as you do not sell. Only the value changes, not the amount of assets you own.

In addition, trading is not suitable for people who are lazy to learn and only focus on how much profit they can make, because when you have that kind of mindset, it's only a matter of time before the funds you have allocated for trading will run out. I consider the money lost in trading to be a learning fee for lack of knowledge. The amount varies from person to person, the lazier you are, the higher your learning fee will be.

[ASloveapg]

I think everyone has their own strategy for making money trading on crypto exchanges. Professionals usually record everything they do in a trading journal. This will greatly help someone manage their emotions and avoid getting carried away by greed when trading. It's true, as you said, someone can grow a large asset with a small amount of capital, but even a small mistake or hasty decision can wipe out everything they've worked so hard to gain.

That's the risk all traders must understand when they enter the market, because hasty decisions without careful consideration can destroy their entire plans. Growing assets from a small capital to a large one through trading is certainly possible, but it always takes time, especially for beginners who are doing it, as they will undoubtedly be overwhelmed by managing their own emotions. So, this is not a simple matter and can even be very complicated for beginners who don't have much experience in the market.

Trading is definitely very complicated for beginners and there will definitely be losses in the new situation. It is very difficult to understand and analyze the market correctly, and especially in the case of a beginner, he can never research the market properly in the first situation, and cannot trade correctly, as a result he naturally faces losses. So it is natural that the market seems more complicated when there is less experience, but everything changes here over time, because by spending a long time here, one can become skilled at a certain point over time.