Start Trading for Beginners

[Finebone]

Many people are thinking that they will be rich in a short time because that is cryptocurrency which can make millionaire in a day and that was possible in a past but now that is not possible.

I disagree with this your statement mate, nothing has changed in the world of cryptocurrencies. It's true that their is more adoption, but the volatility is still there.
If you can still lose a lot of money in a very short period of trading or investing in alt and meme, you can also still make a lot of money in a very short time but the chances are slim, since they falls more than they rise.
So I disagree with your statement that someone can no longer get rich overnight with crypto.

. If you are rich then trading is made for you because you are free from the tension of money and you don't want to work fot money and money will work for you and you will profit of that.

Are you a learner?
What are you even saying?
Your money working for you is not in trading, that's a phrase used by the rich when they have set up a business and they hire people that works for them, and those people are payed at the end of the week or months, while they go home with the huge income, but in trading if you knows nothing about it and how to trade properly, your losses will be uncontrollable especially if you don't know how to manage your risk, so wether you are a rich guy or not, it doesn't really matter in trading, what's more important is your trading IQ.

[Issa56]

Trading in practice is not as easy as the theory suggests

When you are reading the theoretical aspects of trading, or when you watching some tutorial videos on social media, you just going to think that trading is so easy, but you won’t understand that things don’t work like that, and most people are always being carried away by the videos they see online, they always think trading is easy until they start trading before they going to realize trading isn’t easy. If you are a newbie trying to learn how to trade, anything that you learn on social media, try to put all into practice to confirm if you really understand it.

[BlackBaron]

Trading in practice is not as easy as the theory suggests

When you are reading the theoretical aspects of trading, or when you watching some tutorial videos on social media, you just going to think that trading is so easy, but you won’t understand that things don’t work like that, and most people are always being carried away by the videos they see online, they always think trading is easy until they start trading before they going to realize trading isn’t easy. If you are a newbie trying to learn how to trade, anything that you learn on social media, try to put all into practice to confirm if you really understand it.

The theory is just our supplies before trading, in practice it is not that easy. Even in my experience, it's very different. Maybe for technical things it will not be much different, such as how to make an entry, put a stop los and take profit.

But if we talk about market analysis or charts, then it's not easy at all. There are many factors that will affect, such as doubt, fear and so on. In real trading, mentality is very influential, especially after we make an entry.

[Byebyebtc]

Trading always involves the risk of loss, and of course, we must prepare ourselves well before jumping in by understanding the basics of technical analysis and so on.

Technical analysis is not always necessary. It is enough to know fundamental analysis

Yes fundamental analysis is good but Technical analysis is the most important if you know what your doing.
There are fundamental traders and there are also technical traders, but I say that technical trading is more important because most results I get once I am done analysing the chart on a news day is always in favour of the news results,
I wandered about this and went for some research and I understood that institional traders use fundamental results as an excuse to take out some liquidity to satisfy their selves, the news alone can't move the market but the the big players use it as an excuse to take it to a particular place depending on the results,

So basically they use technical analysis (chart liquidity take out), but fundamental is like a support for them, and in Oder for you to succeed in forex trading you have to trade like them, since they are capable of moving the market.
Most people wouldn't see the sense in this until you make researches,so I don't expect everyone to agree with me, just study about this and you will understanding what I'm saying is actually true

[Gaza13]

No doubt trading is a combination of both making profits as well as losing money too. There is risk involved in financial markets and every trader must be aware of it. If anyone is jumping in trades without knowing the consequences of loss, he should first learn and then proceed with trading.

Many people think that trading is the easy money making technique while it is surely not to be. Only the experienced once can make money out of this market.

Indeed, insight and knowledge are crucial when we start trading they are the main foundation for us to trade. Without a solid foundation, In fact, the risk of loss can be very high and this job is not easy, sometimes we have to understand the various indicators and functions. However, we must remember that sometimes indicators are not a definite measuring tool, indicators are only signals, and we must combine them with fundamental analysis and risk management to be effective. It's true that trading can generate quick and substantial profits, but we must remember that without sufficient preparation, you will certainly be trapped. Yes, most of those with years of experience certainly know when the moment or opportunity arises. At that time, they enter and exit when the profit is as expected.

[dunfida]

No doubt trading is a combination of both making profits as well as losing money too. There is risk involved in financial markets and every trader must be aware of it. If anyone is jumping in trades without knowing the consequences of loss, he should first learn and then proceed with trading.

Many people think that trading is the easy money making technique while it is surely not to be. Only the experienced once can make money out of this market.

Indeed, insight and knowledge are crucial when we start trading they are the main foundation for us to trade. Without a solid foundation, In fact, the risk of loss can be very high and this job is not easy, sometimes we have to understand the various indicators and functions. However, we must remember that sometimes indicators are not a definite measuring tool, indicators are only signals, and we must combine them with fundamental analysis and risk management to be effective. It's true that trading can generate quick and substantial profits, but we must remember that without sufficient preparation, you will certainly be trapped. Yes, most of those with years of experience certainly know when the moment or opportunity arises. At that time, they enter and exit when the profit is as expected.

Actually its just the basic stuff on which if you do tend to learn something then it is just that right that you should be making up some preparation specially if you are diving into something on which you are that totally newbie or doesnt have any idea on what it is. Mistakes and errors are normal since there's no such thing about being a perfect trader and dont tend to chase up to be one, because this will really be just that making you desperate and something that will be ending up on having that desperate moves on which this will be causing up that huge devastation when it comes to financial aspect. As a beginner then you should take it slow on which trying out to familiarize yourself when it comes to those terms or basics and if you do become that confident then you can start up with small amounts when it comes to the time that you've become that confident then you can try to make some scaling when it comes into the amount.

It will be just that not a short time period for you to learn or making yourself that profitable. You would be still passing through tons of challenges and tons of burnt money before you can be able to achieve yourself to become a profitable trader but of course it wouldnt be that easy but its not something impossible though.

[Dareo]

Indeed, insight and knowledge are crucial when we start trading they are the main foundation for us to trade. Without a solid foundation, In fact, the risk of loss can be very high and this job is not easy, sometimes we have to understand the various indicators and functions. However, we must remember that sometimes indicators are not a definite measuring tool, indicators are only signals, and we must combine them with fundamental analysis and risk management to be effective. It's true that trading can generate quick and substantial profits, but we must remember that without sufficient preparation, you will certainly be trapped. Yes, most of those with years of experience certainly know when the moment or opportunity arises. At that time, they enter and exit when the profit is as expected.

For me trading is more of a mental game. Knowledge and indicators are necessary but if you can't control your greed and fear, all knowledge is useless. Many people know everything but still end up losing because they break their plans. I have seen that beginners think that if they trade more, they will learn more but in reality fewer trades and more patience work. Experienced people don't always look for opportunities but rather avoid bad times. In my opinion being successful in trading means not always doing something, but also knowing when not to do something.

[Rockstarguy]

Trading in practice is not as easy as the theory suggests

When you are reading the theoretical aspects of trading, or when you watching some tutorial videos on social media, you just going to think that trading is so easy, but you won’t understand that things don’t work like that, and most people are always being carried away by the videos they see online, they always think trading is easy until they start trading before they going to realize trading isn’t easy. If you are a newbie trying to learn how to trade, anything that you learn on social media, try to put all into practice to confirm if you really understand it.

Learning like this is good though but the problem people usually have is to see it as something easy.  When learning trafing from the theoretical way, by watching videos and if you want to go into the main trading it is better to start trading with small amounts because this is just to practice all thst that had been learnt. 

Trading for the first time their are better chances to lose, and no matter the knowledge that has been gained their is no guarantee of one making profit, and this is why it is advisable to start small and also to have the right mindset no guarantee for a better profit.

[ChocolateBitcoinK]

Indeed, insight and knowledge are crucial when we start trading they are the main foundation for us to trade. Without a solid foundation, In fact, the risk of loss can be very high and this job is not easy, sometimes we have to understand the various indicators and functions. However, we must remember that sometimes indicators are not a definite measuring tool, indicators are only signals, and we must combine them with fundamental analysis and risk management to be effective. It's true that trading can generate quick and substantial profits, but we must remember that without sufficient preparation, you will certainly be trapped. Yes, most of those with years of experience certainly know when the moment or opportunity arises. At that time, they enter and exit when the profit is as expected.

For me trading is more of a mental game. Knowledge and indicators are necessary but if you can't control your greed and fear, all knowledge is useless. Many people know everything but still end up losing because they break their plans. I have seen that beginners think that if they trade more, they will learn more but in reality fewer trades and more patience work. Experienced people don't always look for opportunities but rather avoid bad times. In my opinion being successful in trading means not always doing something, but also knowing when not to do something.

 In trading, greed and emotion can mess everything up, you are doing everything right now through research and are making a profit, but the moment you make a decision based on greed and emotion, everything will slowly disappear. When decisions are made by people and emotions, there is no realistic possibility. There is a high probability that we will face losses, so it is necessary to maintain the ability to control ourselves realistically, otherwise we will not be able to avoid its very harmful effects.

[Arenga pinnata]

Trading in practice is not as easy as the theory suggests

When you are reading the theoretical aspects of trading, or when you watching some tutorial videos on social media, you just going to think that trading is so easy, but you won’t understand that things don’t work like that, and most people are always being carried away by the videos they see online, they always think trading is easy until they start trading before they going to realize trading isn’t easy. If you are a newbie trying to learn how to trade, anything that you learn on social media, try to put all into practice to confirm if you really understand it.

Well, this is what beginners who come to the crypto market to trade with confidence rarely realize. They even bring large amounts of capital to the crypto market without hesitation because they usually watch videos of influencers trading and teaching their viewers how to trade, which looks easy.

However, I am sure that most beginners will immediately realize from their first experience that trading is not as easy as it looks.

I was the same way. The hardest part is managing emotions. Our mindset in trading must be controlled and managed as well as possible. Because what usually destroys traders is their own emotions. And beginners must learn this from direct experience in the market.

[G_Besar]

In trading, greed and emotion can mess everything up, you are doing everything right now through research and are making a profit, but the moment you make a decision based on greed and emotion, everything will slowly disappear. When decisions are made by people and emotions, there is no realistic possibility. There is a high probability that we will face losses, so it is necessary to maintain the ability to control ourselves realistically, otherwise we will not be able to avoid its very harmful effects.

Emotions that can trigger greed shouldn't be present in trading because everyone strives to achieve profits with a calm sense of purpose and based on more informed decisions, not with a rush and a desire for quick profits without thorough research. Furthermore, with conditions still not improving at this time, every trader must proceed cautiously to avoid immediate losses, although there's no guarantee of immediate profits from trading. However, taking more cautious and patient steps is the first key to preventing rash decisions.

[JimaGod]

Emotions that can trigger greed shouldn't be present in trading because everyone strives to achieve profits with a calm sense of purpose and based on more informed decisions, not with a rush and a desire for quick profits without thorough research. Furthermore, with conditions still not improving at this time, every trader must proceed cautiously to avoid immediate losses, although there's no guarantee of immediate profits from trading. However, taking more cautious and patient steps is the first key to preventing rash decisions.

What more can we ask of if not to stay financially stable in the volatile market. Profits and losses are also part of the moment that will make us sad and happy. Trading is not for the weak and for one to be formidable and balance, he or she should have in mind about the risks that comes with it. The question pops up, are you ready to take the high risk? Trading generates passive income and making one to become financially buoyant in the space. For beginners, there's more to learn and basis of trading is very important. These beginners takes step by step and no need to rush because Trading and earning profits is all about determination and consistency.

[moneystery]

...
Trading for the first time their are better chances to lose, and no matter the knowledge that has been gained their is no guarantee of one making profit, and this is why it is advisable to start small and also to have the right mindset no guarantee for a better profit.

It is always advisable to start with a small amount of capital first and then start increasing your capital according to what you earn and your finances. Many beginners increase their capital without achieving positive results or a sufficient understanding of trading, which ultimately makes it seem like gambling-- hoping that when they put in more capital they can get big profits, when in reality they actually experience bigger losses because they don't have a clear strategy and relying solely on confidence to enter the market.

[Rubuchi]

Trading in practice is not as easy as the theory suggests

When you are reading the theoretical aspects of trading, or when you watching some tutorial videos on social media, you just going to think that trading is so easy, but you won’t understand that things don’t work like that, and most people are always being carried away by the videos they see online, they always think trading is easy until they start trading before they going to realize trading isn’t easy. If you are a newbie trying to learn how to trade, anything that you learn on social media, try to put all into practice to confirm if you really understand it.

you are very correct with this that you are saying I also used to think trading is just all about buying and sapling of something in exchange of another thing you have and this is the literal meaning of trading but practically trading is beyond that , it is something that you have to learn over time with strong experience to understand how the market works and how it can Favour a particular coin you are trading positively or negatively, it requires you having deep understanding on how the charts are calculated and how you can leave a trade when it has gets to its peak or when you are losing out of it so that you don’t lose completely

[maknyos]

...
Trading for the first time their are better chances to lose, and no matter the knowledge that has been gained their is no guarantee of one making profit, and this is why it is advisable to start small and also to have the right mindset no guarantee for a better profit.

It is always advisable to start with a small amount of capital first and then start increasing your capital according to what you earn and your finances. Many beginners increase their capital without achieving positive results or a sufficient understanding of trading, which ultimately makes it seem like gambling-- hoping that when they put in more capital they can get big profits, when in reality they actually experience bigger losses because they don't have a clear strategy and relying solely on confidence to enter the market.

Approaching capital at the beginning will make us cautious and understand the risks. For a beginner, it is best to set the capital for each period and do not increase it when experiencing losses. For example, we set a capital of $100 in a month, now we see the development of our initial capital.
If we have to experience losses and spend our capital in less than a month, then we should not rush to increase capital, we should evaluate our trading, because if we lose everything it means there is a problem with the way we trade. With such an approach, then I think it can help understand trading faster.

[cxtreenal]

...
Trading for the first time their are better chances to lose, and no matter the knowledge that has been gained their is no guarantee of one making profit, and this is why it is advisable to start small and also to have the right mindset no guarantee for a better profit.

It is always advisable to start with a small amount of capital first and then start increasing your capital according to what you earn and your finances. Many beginners increase their capital without achieving positive results or a sufficient understanding of trading, which ultimately makes it seem like gambling-- hoping that when they put in more capital they can get big profits, when in reality they actually experience bigger losses because they don't have a clear strategy and relying solely on confidence to enter the market.

You have given very good advice. It is normal for investors to have less knowledge in the initial stages of investment, in that situation, it is better to be careful in using capital. Especially if you are new to trading/investing platforms, use the amount of capital that you can afford to lose. It is better to increase the capital size as you gain experience in the market.

Accumulation coins in DCA strategy is a great method for new investors. Accumulation through discretionary income based on your earnings will be the most suitable strategy for those investors because you are still new to trading. You do not have the ability to apply capital as well as trading experience is also limited.

By accumulation gradually you will understand the crypto market and review and experiment with the coins in detail. Prepare for large investments in the future.

[vanesha]

I think this is a Bitcoin forum, not a forex one. There is nothing wrong with your writing, however it would be better if you posted something useful and more appropriate to this subforum. If I were a beginner, I would honestly be confused by your post. This is a place where cryptocurrency knowledge is shared, but what you posted is about forex tips. Well, I think some people may still tolerate it, and I hope you understand what I mean.

[8rch7]

It is always advisable to start with a small amount of capital first and then start increasing your capital according to what you earn and your finances. Many beginners increase their capital without achieving positive results or a sufficient understanding of trading, which ultimately makes it seem like gambling-- hoping that when they put in more capital they can get big profits, when in reality they actually experience bigger losses because they don't have a clear strategy and relying solely on confidence to enter the market.

Start with small amount capital for trading in cryptocurrency after great achievement by earning profit increase few percent capital or accumulate from profitable earn, I start trading in cryptocurrency with small fund after earning profit I don't withdraw yet but accumulate capital more from profit. Some time the beginner for first time trading in cryptocurrency with small capital success earning profit, most of them have mindset if put much capital will earn much profitable and its mistake begin after increasing capital have loss all.

For beginner must be smart money management in trading if bring large capital never all in for once time trading, save 30% of your capital prepare if market get down and don't all in your capital exactly for one coin only.

[Mame89]

Trading in practice is not as easy as the theory suggests

When you are reading the theoretical aspects of trading, or when you watching some tutorial videos on social media, you just going to think that trading is so easy, but you won’t understand that things don’t work like that, and most people are always being carried away by the videos they see online, they always think trading is easy until they start trading before they going to realize trading isn’t easy. If you are a newbie trying to learn how to trade, anything that you learn on social media, try to put all into practice to confirm if you really understand it.

Trading in theory seems very easy, even when we watch videos everything seems simple and easy. But when we put it into practice it's not as easy as it sounds. There are many aspects involved and success in trading depends heavily on psychology and discipline. Managing emotions like fear and greed is also a crucial aspect of trading. Therefore learning all of this doesn't come from theory, but from experience.

In theory trading requires mastering indicators, trading plans, and using stop-loss strategies. While conceptually simple implementing the discipline of simple theory over the long term is difficult if we aren't used to it in practice. So, it's no wonder why many traders fail because their emotions undermine a theoretically sound strategy.

[AakZaki]

-snip-

But if we talk about market analysis or charts, then it's not easy at all. There are many factors that will affect, such as doubt, fear and so on. In real trading, mentality is very influential, especially after we make an entry.

Often it is precisely after the buy or sell button is pressed that emotions start to come into play. Thoughts became branched the plan that had initially been neatly arranged began to question itself. At this point, discipline is really tested, whether we are able to follow the plan or act on fear and expectation. From there I learned that trading is not only about reading charts, but also about recognizing ourselves and the emotional limits we have.