Things you might miss when starting to trade.

[Oshio-man]

Sometimes we think that we will become successful like others. We've been encouraged to trade because others showcase their passive income. Unfortunately, things aren't going that smoothly, as they show. It comes the hard way.

Since you don't know how they started from the beginning you will not become successful like the traders, even though you begin to going through their history to know the kind of risk they went through in trading to break record to become successful. If you don't have the knowledge of trading,  don't take a step to start trading in the market than to start learning important basic of trading to acquire the knowledge that will help you to prosper like other productive traders. Trading is about preparation to accommodate any result you will come across because there are some traders that will give up easily with the kind of result that will come out from their trading, just because they didn't  prepare well.

[Text]

A lot of beginners myself included when I first dabbled in trading tend to focus too much on the charts, the strategies or even the success stories online while overlooking the basics of financial preparation and emotional management. Many beginners think high leverage is a shortcut to financial freedom but more often than not it just accelerates losses. I’ve found that keeping leverage small and focusing on consistency is a much healthier way to grow both skills and confidence.

[Ishicryptic]

A lot of beginners myself included when I first dabbled in trading tend to focus too much on the charts, the strategies or even the success stories online while overlooking the basics of financial preparation and emotional management. Many beginners think high leverage is a shortcut to financial freedom but more often than not it just accelerates losses. I’ve found that keeping leverage small and focusing on consistency is a much healthier way to grow both skills and confidence.

One of the most important factors for every new trader to know is that trading is not a get rich quick scheme and it's not something that newbies should rush into without first learning how it works, patience is a virtue in trading. Many young people wants the easy life where they can work from anywhere they are without answering to any bosses, trading presents them with such goals and opportunity, that is why many of them jump into it without patiently learning how the market works. Aside from understanding technical analysis and fundamental analysis they also need to understand emotional state of mind and not being greedy.

[Muba20]

Too bad though most of people will ignore such advice and just going into trading thinking they're the chosen one and gonna become the best trader in the entire world.

There are some traders who are not satisfied with small profits. They want to invest more quickly and earn more profit, but that idea creates a bad situation later. If the investor starts with (2-5)% at the beginning, I think it will not be a bad idea. But when the investment amount is more and instead of profit from that trade, there is a loss, then they are able to understand the mistake. It is true that in most cases, traders ignore all those suggestions and are harmed by the principle that they understand well. For short-term investment in trading requires sufficient knowledge and skills, otherwise it will definitely not be easy to profit from the trading.

[SOKO-DEKE]

Newbies especially need to know that it takes alot to become a successful trader. Good effort should be put into learning all about trading. Mentorship from a reliable mentor would go a long way. Trading is not the ideal career  those who want to get rich quick should take up.

The fact is that nowadays newbies don't want to take much time to learn trading properly. And that is the reason why almost all of them easily blow their accounts as many times as they deposited in their trading accounts. The mindset most newbies come with is just to make it quickly without spending much time. Despite that, trading is not easy. If people can calm down, learn, and get themselves prepared well, I don't think many new traders will be complaining about blowing their trading accounts always.As you have said, it is not really easy for someone to learn trading itself. Having a good mentor and always playing by good rules in trading makes it easier for someone’s efforts in learning trading.

[Awaklara]

patience is a virtue in trading.

If you are just patient without determination to learn and continue to grow, you may not be suited for trading. Patience may be suitable for those who are planning investments, but trading requires learning and experience.
I would not call it patience, it may be more accurate to say it's resilience and perseverance. Because in the learning process, patient people can sometimes tend to fall behind.

[shinratensei_]

Its always good to see a trading position in profit.

For me personally, I was the impatient kind back then when I was starting, I always do 100x leverage with big enough margin to bet for market price action reversal. Basically shorting when I think the price is already too high. Guess what, it didn't end well.
Market can be bullish for extended period so I ended up losing my money.

Once I realized that, I just do trading in more relaxed manner and has been seeing profit ever since though I won't be having massive gain, probably just 2-3% of my portfolio monthly and I already consider that as really good but it does take a lot of time and mental health.
Patience is the thing that most people missed when doing trading.

[G_Besar]

Since you don't know how they started from the beginning you will not become successful like the traders, even though you begin to going through their history to know the kind of risk they went through in trading to break record to become successful. If you don't have the knowledge of trading,  don't take a step to start trading in the market than to start learning important basic of trading to acquire the knowledge that will help you to prosper like other productive traders. Trading is about preparation to accommodate any result you will come across because there are some traders that will give up easily with the kind of result that will come out from their trading, just because they didn't  prepare well.

Traders who give up are those who haven't set a target for long-term trading or a longer period of time. Therefore, these individuals easily give up due to excessive losses due to a lack of patience and basic trading knowledge. However, those who have been trading for a long time and have a strong mentality and mature trading knowledge will clearly not give up easily when losses occur and can even rebound immediately to profit from market price corrections. Because the reversal of the price direction of coins in the market after a correction is also an opportunity to return the amount of funds that have experienced a minus.

[justdimin]

The fact is that nowadays newbies don't want to take much time to learn trading properly. And that is the reason why almost all of them easily blow their accounts as many times as they deposited in their trading accounts. The mindset most newbies come with is just to make it quickly without spending much time. Despite that, trading is not easy. If people can calm down, learn, and get themselves prepared well, I don't think many new traders will be complaining about blowing their trading accounts always.As you have said, it is not really easy for someone to learn trading itself. Having a good mentor and always playing by good rules in trading makes it easier for someone’s efforts in learning trading.

Unfortunately that is caused mainly by the social media. I agree that we are not going to grow in crypto world without those people, and those social media influencers and people sharing with each other the increases and decreases, made this growth in popularity more common. Without those, you are not going to see crypto growing this much, and that is why I honestly believe that we shouldn't really approach this any differently and be aggressive about it.

We have to accept that this is part of the deal now, and we can only make a deal out of this. If newbies do not want to study trading and just do what they are told, then let them be like that and we can move past it and be better in the future, so we wouldn't have to worry about it.

[@nn@_pen9]

A lot of beginners myself included when I first dabbled in trading tend to focus too much on the charts, the strategies or even the success stories online while overlooking the basics of financial preparation and emotional management. Many beginners think high leverage is a shortcut to financial freedom but more often than not it just accelerates losses. I’ve found that keeping leverage small and focusing on consistency is a much healthier way to grow both skills and confidence.

Indeed, by using lower leverage, we can certainly reduce potential losses while trading. Furthermore, traders can learn from their mistakes, develop and test much better trading strategies. Using lower leverage encourages more discipline in both capital and risk management. They can also learn to be more deliberate in their decision-making and to be more careful in selecting trading positions. Traders can also experience short-term success, which helps build confidence, which is essential for better decision-making in the future.

[GiftedMAN]

A lot of beginners myself included when I first dabbled in trading tend to focus too much on the charts, the strategies or even the success stories online while overlooking the basics of financial preparation and emotional management. Many beginners think high leverage is a shortcut to financial freedom but more often than not it just accelerates losses. I’ve found that keeping leverage small and focusing on consistency is a much healthier way to grow both skills and confidence.

Trading the market with small leverage when you are newbie is the best decision to take in order not to lose more in the market.
There are some greedy traders who would never succumb to trading with small capitals or what they can afford.
Trading need knowledge and gradual learning of what the market contains and how to trade it. Leverage trading will make you know how to use risk management if you are not greedy.

[WatChe]

One of the most important factors for every new trader to know is that trading is not a get rich quick scheme and it's not something that newbies should rush into without first learning how it works, patience is a virtue in trading. Many young people wants the easy life where they can work from anywhere they are without answering to any bosses, trading presents them with such goals and opportunity, that is why many of them jump into it without patiently learning how the market works. Aside from understanding technical analysis and fundamental analysis they also need to understand emotional state of mind and not being greedy.

Their is no easy money in the world, one has to work hard to earn money. Those who come to trading with mindset of becoming rich in few weeks are the one who end up losing money. If you are starting a career in trading then you have to know the risk associated with it first because trading is a risky business and their is no guarantee that you won't bear loses even if you master it. Trading needs your time and interest so that you can master it over a period of time.

[Promocodeudo]

Their is no easy money in the world, one has to work hard to earn money. Those who come to trading with mindset of becoming rich in few weeks are the one who end up losing money. If you are starting a career in trading then you have to know the risk associated with it first because trading is a risky business and their is no guarantee that you won't bear loses even if you master it. Trading needs your time and interest so that you can master it over a period of time.

I love the part where you said, there no easy money in this planet earth that's actually a good point, if we actually want to have some cash for ourselves, we will to work for it either smartly or hardly, for me I think trading is even one of most difficult means of making money, i have heard some trader complain about their losses sometime, is not even about them wanting to make this money so quick, but rather it is about them trying their possible best to come up with with they called good trading skill but still fail to get profit, but if I may ask can a trader master thr said trading and may be get profit as a result of that.

[Abu-Naim]

Its always good to see a trading position in profit.

For me personally, I was the impatient kind back then when I was starting, I always do 100x leverage with big enough margin to bet for market price action reversal. Basically shorting when I think the price is already too high. Guess what, it didn't end well.
Market can be bullish for extended period so I ended up losing my money.

Once I realized that, I just do trading in more relaxed manner and has been seeing profit ever since though I won't be having massive gain, probably just 2-3% of my portfolio monthly and I already consider that as really good but it does take a lot of time and mental health.
Patience is the thing that most people missed when doing trading.

Triggering high leverage is very risky; if the market goes opposite your prediction, you will lose money immediately, while the reverse is the case if the market decides to favor you. The easiest and less risky move is to use a small leverage of as low as 10-20% so that you can minimize your loss, and when you are in profit, you will manage the little profit that will come with that.

I am still a novice in trading. I always use stop-loss and take-profit functions because I don’t have a trusted analysis to rely on yet because it is not easy for me; I find crypto trading to be one of the most complex things in cryptocurrency. That is why I mostly rely on spot trading to buy whenever I observe that the price goes below my expectations, and once it recovers back, I do opt out immediately.

[Dzwaafu11]

Most often i don't blame people who come into trading with out a second or actual source of income or plans for contingencies because they come inmost often with the mindset that they are going to make a quick rich life from trading so they go all in at once and worse is for those who gets to get beginners luck at their first trial so they get fooled into thinking it is actually that easy only for them to later discover they needed to do even more for them to be bale to consistently reproduce such results which they had at their first set of attempts.

it is very important you have a source of income as a beginner trader from which you are going to fund your trading dreams before the trading will later fund the life for you after you must have mastered the act of trading and you are now a master at it. Trading i always tell people is not a get rich quick scheme so stop looking at the influencers who are showing off results of years of hard work, they will only tell you the best they can tell you but can not give you the actual experience, you may have to get it by yourself, it takes time and nothing good comes easy, you will need time to build it. Trading takes time to master and become profitable but you can master it if you put your mind to it and put in the work.

For a beginner or professional, having another source of income is very important. Sometimes this trading is a thing that is not the way we think it is; that is, many professional traders put their money into something else apart from trading so they will have multiple sources of income, as they will be generating money from trading and also another source. If not, to some extent, it is seriously not advisable to depend on only trading.
 

However, as for beginner traders, having a source of income is very important because you, as a beginner that is trying to level up in trading, are expected to use just a small amount of money to trade due to the level of understanding, and you can see that things will go smoothly because even if you lose the money, you still have another source to make things work out. But a beginner who does not have another source may end up in debt because the market did not favour him or her.

[Botnake]

A lot of beginners myself included when I first dabbled in trading tend to focus too much on the charts, the strategies or even the success stories online while overlooking the basics of financial preparation and emotional management. Many beginners think high leverage is a shortcut to financial freedom but more often than not it just accelerates losses. I’ve found that keeping leverage small and focusing on consistency is a much healthier way to grow both skills and confidence.

Reality is, all of the beginner traders want to take leverage because they thought that could be the best possible way to increase their profits and become rich in the process. But they fail to realize that leveraging isn’t for those beginner traders who lack the skills and experience, who lack good strategies in trading, so instead of leveraging their profits, they end up losing all their funds and get them broke eventually.

Taking leverage is proven profitable, but know the fact that it isn’t for everyone. Just take small steps instead and improve your trading skills and performance in the market.

[tvplus006]

Reality is, all of the beginner traders want to take leverage because they thought that could be the best possible way to increase their profits and become rich in the process. ..

I assume that this is how beginners try to compensate for having a small deposit, which they want to increase many times and quickly. And if you add lack of knowledge and experience to this, then this leads to 100% loss of the deposit.

[batang_bitcoin]

Taking leverage is proven profitable, but know the fact that it isn’t for everyone. Just take small steps instead and improve your trading skills and performance in the market.

It's not for everybody and whoever trades in leverage and manages to take the risk properly and able to profit, you have an idea on how to control yourself. What's wrong with people hearing others doing leverage trading being profitable, they think that it's also going to work for them. But that's not it, it's hard to get into leverage when you are less experienced trader and you are trying it without further knowledge. You're gonna be consumed by the market and will be easily liquidated.

[Sanitough]

patience is a virtue in trading.

If you are just patient without determination to learn and continue to grow, you may not be suited for trading. Patience may be suitable for those who are planning investments, but trading requires learning and experience.
I would not call it patience, it may be more accurate to say it's resilience and perseverance. Because in the learning process, patient people can sometimes tend to fall behind.

Those who are patient would greatly benefit if you are just in a long term investment, trying to figure out when is the perfect time to buy or sell your coins. But trading itself is way more risky and requires more skillful and strategic navigation in the market. If you don’t have clear knowledge and understanding on how trading works, you will never be in profits. But most importantly, if you aren’t determined and resilient enough to learn and correct your mistakes, you will never be good enough in trading.

Things might be easily said when trading, but in reality trading is hard and should take proper caution, otherwise if you trade without weighing the future consequences, you will only trade for losses, your dream profits will remain just a dream and goal.

[alastantiger]

It's not for everybody and whoever trades in leverage and manages to take the risk properly and able to profit, you have an idea on how to control yourself. What's wrong with people hearing others doing leverage trading being profitable, they think that it's also going to work for them. But that's not it, it's hard to get into leverage when you are less experienced trader and you are trying it without further knowledge. You're gonna be consumed by the market and will be easily liquidated.

Leverage trading is advanced trading and not suitable for beginners to be doing. Anybody that wants to get into leverage trading have to first have mastered spot trading and become a constant profitable trader before getting into leverage trading. With the experience from spot trading, they can do well with leverage. Not everybody can be a leverage trader because they don't have the thinking or mindset. Leverage trading has more risk to it and any mistakes can make you lose more money. With leverage you're putting in more risk and that's why people get liquidated quite easily when trading with leverage.