Things you might miss when starting to trade.

[Mpamaegbu]

Before you enter the world of trading, some people come from different backgrounds, which can be seen from and prepared for well before entering the world of trading, where you are a beginner.

Your background doesn't matter when it comes to trading. What matters is acquiring the set skills for it. Even if you're from a family that's into trading but you haven't taken time to study the charts and acquire what's necessary to be profitable on it, you will still flop at it.

Just to add, start up capital for trading is secondary to acquiring (not just learning) the skills. It doesn't matter what a huge fund one has to start trading, if one hasn't acquired the set skills; one will sooner than later get one's account burnt.

An ads interrupted my video yesterday and the ads was from a trading guy that said trading is very simple and that anybody can make millions of deposits with just a minimum $10 deposit, some traders are convinced by those ads that's why they expect such profit from their small capital.

One of those cheap lies I was sold while starting out as a trader more than a decade ago. I'm shocked that format is still in existence till date and people are that gullible enough to believe them. Well, everyone has their time of liberation and awakening. This day, I don't listen to people of such motivation let alone contemplate what they say.

[bangjoe]

Before you enter the world of trading, some people come from different backgrounds, which can be seen from and prepared for well before entering the world of trading, where you are a beginner.

Your background doesn't matter when it comes to trading. What matters is acquiring the set skills for it. Even if you're from a family that's into trading but you haven't taken time to study the charts and acquire what's necessary to be profitable on it, you will still flop at it.

Just to add, start up capital for trading is secondary to acquiring (not just learning) the skills. It doesn't matter what a huge fund one has to start trading, if one hasn't acquired the set skills; one will sooner than later get one's account burnt.

The background referred to is not only about family; perhaps I am too taboo in writing about it. That background can mean knowledge, character, social circle, experience, achievements, work, or other things. Every human being has a different journey in life, and that can be called background.

What I mean is that a person must first understand their position in all aspects before entering the trade, to assess themselves before actually doing it. We must realize that only a small percentage of people can succeed in this field, which means that this profession is not easy and cannot be achieved quickly. Therefore, self-assessment is necessary to create a truly mature plan.

[WatChe]

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.

We don't have examples of people who become rich without doing any effort. The successful investors like Warren Buffet became rich by continuous effort and struggle. So this point must be kept in mind before doing any kind of business.

Trading is a risky business and no one can perfectly master it. What I have seen is that their are not many people who are successful in trading compared to people who invest for long term. It's best to invest small part of your capital in trading and major portion in long term investment because risk associated in long term investment is low if compared with trading.

[icebar]

Trading can be considered as a source of income, but the trader must learn with determination to reach that level. There are many who consider trading as a source of income but when they lose their capital instead of profit from it, they get discouraged. To do something good from trading, a trader must go through hardships. There is no chance of regular income in this platform. Those who want to depend on it should definitely change their goals. It is not possible to become successful as a trader by learning only technical or fundamental. Trader must also have a financial backup and try to be realistic.

[batang_bitcoin]

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.

It is a good condition that they must be profitable and consistent if they're into spot and wanting to have a transition into futures or leverage trading. That's true that it's advanced way of trading and has higher risk compared to spot trading. When the market surprises some short squeeze, the longs will be liquidated and if the market surprises with some surprising pumps, the shorts will be squeezed.

[tottong]

Many influencers or successful traders showcase their results with the goal of financial freedom, allowing you to work anywhere and anytime if you have the skills in trading. Before looking too far ahead, you must first understand yourself and your situation as a beginner to start learning about trading.

This is where most people get trapped in starting trading the wrong way, thinking what influencers share is easy.
I know friends who started trading by following videos shared by influencers, trying to understand trading in a simple way.
Ultimately, they lost more money because their trading wasn't based on the right knowledge.
It's okay to have the intention to try trading, but remember that any endeavor requires knowledge, so people don't get caught up in the success stories shared by influencers.
Engaging in the wrong way won't lead to financial freedom; it will only lead to much bigger problems, especially losing more money.

[GigaBit]

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.

Of course, for new traders, taking more leverage means becoming greedy. If someone starts trading with more leverage right after entering the trading market, then he is definitely taking a big risk. And in taking such a risk, the chances of losing are very high. Although trading is easy, it is also risky. Traders should start with small leverage in the beginning and has to gradually gain knowledge to survive in the market. If a trader can acquire proper skills in risk management, then he will definitely benefit in the future.

[justdimin]

Of course, for new traders, taking more leverage means becoming greedy. If someone starts trading with more leverage right after entering the trading market, then he is definitely taking a big risk. And in taking such a risk, the chances of losing are very high. Although trading is easy, it is also risky. Traders should start with small leverage in the beginning and has to gradually gain knowledge to survive in the market. If a trader can acquire proper skills in risk management, then he will definitely benefit in the future.

Yes, a lot of times people end up with a lot more different results and if you are careful then you are going to get a lot better profit when you leave it at smaller leverage because your losses wouldn't be that big, and it would be a lot harder to lose it all when you could just end up with something that takes time.

It's easy to make that decision though, because you end up with something much better on the long run. If we deal with this, then we are going to not be cashed out easily, that is the number one thing that we will realize with smaller leverage, and if you do that then you are going to be happy with what you are getting and won't be focusing on how to get a lot more different approaches.

[pusaka]

Of course, for new traders, taking more leverage means becoming greedy. If someone starts trading with more leverage right after entering the trading market, then he is definitely taking a big risk. And in taking such a risk, the chances of losing are very high. Although trading is easy, it is also risky. Traders should start with small leverage in the beginning and has to gradually gain knowledge to survive in the market. If a trader can acquire proper skills in risk management, then he will definitely benefit in the future.

Yes, a lot of times people end up with a lot more different results and if you are careful then you are going to get a lot better profit when you leave it at smaller leverage because your losses wouldn't be that big, and it would be a lot harder to lose it all when you could just end up with something that takes time.

It's easy to make that decision though, because you end up with something much better on the long run. If we deal with this, then we are going to not be cashed out easily, that is the number one thing that we will realize with smaller leverage, and if you do that then you are going to be happy with what you are getting and won't be focusing on how to get a lot more different approaches.

And that's actually a common problem for beginners: they start with something they believe will yield significant profits, while ignoring the real risks that lie ahead.

It's certainly natural to desire substantial profits, but the question is, does it align with our knowledge and skills? For new traders, I don't think so. Because, as new traders, they're undoubtedly still in the learning phase.

[GIF-JOBS]

Of course, for new traders, taking more leverage means becoming greedy. If someone starts trading with more leverage right after entering the trading market, then he is definitely taking a big risk. And in taking such a risk, the chances of losing are very high. Although trading is easy, it is also risky. Traders should start with small leverage in the beginning and has to gradually gain knowledge to survive in the market. If a trader can acquire proper skills in risk management, then he will definitely benefit in the future.

Yes, a lot of times people end up with a lot more different results and if you are careful then you are going to get a lot better profit when you leave it at smaller leverage because your losses wouldn't be that big, and it would be a lot harder to lose it all when you could just end up with something that takes time.

It's easy to make that decision though, because you end up with something much better on the long run. If we deal with this, then we are going to not be cashed out easily, that is the number one thing that we will realize with smaller leverage, and if you do that then you are going to be happy with what you are getting and won't be focusing on how to get a lot more different approaches.

And that's actually a common problem for beginners: they start with something they believe will yield significant profits, while ignoring the real risks that lie ahead.

It's certainly natural to desire substantial profits, but the question is, does it align with our knowledge and skills? For new traders, I don't think so. Because, as new traders, they're undoubtedly still in the learning phase.

In fact, the biggest problem of beginners is that they initially think that it is possible to make huge profits from trading very easily in a short time, they think everything is very easy here, but they should understand this very well that only looking at the profit aspect can never survive in the long term, and everything is very risky, there is no risk-free thing. And in this way, if we consider trading, then trading is a subject where even many skilled people are always facing huge losses, that is, as people expect from it, it is actually more difficult than everyone thinks. Therefore, one should be realistic in trading, to achieve success here, one has to make oneself skilled, and for this, one needs to have a tendency to learn trading with patience.

[Maslate]

Trading can be considered as a source of income, but the trader must learn with determination to reach that level. There are many who consider trading as a source of income but when they lose their capital instead of profit from it, they get discouraged. To do something good from trading, a trader must go through hardships. There is no chance of regular income in this platform. Those who want to depend on it should definitely change their goals. It is not possible to become successful as a trader by learning only technical or fundamental. Trader must also have a financial backup and try to be realistic.

Trading is risky, so it’s never meant to be considered a main source of income, except for those who have exceptional skills when trading, otherwise a lot would rush into trading and see it as a get rich quick tool and eventually lose all their trading funds in the end due to wrong mindset and decisions.

Instead, trade to gain additional income. See trading as a side hustle, that way if you lose from it, your main income will not be bothered and affected.

[Bitcoin_people]

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.

Of course, for new traders, taking more leverage means becoming greedy. If someone starts trading with more leverage right after entering the trading market, then he is definitely taking a big risk. And in taking such a risk, the chances of losing are very high. Although trading is easy, it is also risky. Traders should start with small leverage in the beginning and has to gradually gain knowledge to survive in the market. If a trader can acquire proper skills in risk management, then he will definitely benefit in the future.

Yes, in trading, it is definitely best to start with low leverage, increasing the leverage to a greater extent has a lot of risk. Trading is not easy at all for beginners, although it is easy for experienced people, but there is a lot of risk in it, you can face losses at any time due to market volatility. That is why we should always use low leverage in trading, using high leverage is always risky and can cause losses. In trading management, we always have to start with experience and skills, as well as educate ourselves in trading education, only then can we avoid losses. A new trader should start by following such advice, he should always move towards a good plan, only then will he not have to face losses.

[pusaka]

And that's actually a common problem for beginners: they start with something they believe will yield significant profits, while ignoring the real risks that lie ahead.

It's certainly natural to desire substantial profits, but the question is, does it align with our knowledge and skills? For new traders, I don't think so. Because, as new traders, they're undoubtedly still in the learning phase.

In fact, the biggest problem of beginners is that they initially think that it is possible to make huge profits from trading very easily in a short time, they think everything is very easy here, but they should understand this very well that only looking at the profit aspect can never survive in the long term, and everything is very risky, there is no risk-free thing. And in this way, if we consider trading, then trading is a subject where even many skilled people are always facing huge losses, that is, as people expect from it, it is actually more difficult than everyone thinks. Therefore, one should be realistic in trading, to achieve success here, one has to make oneself skilled, and for this, one needs to have a tendency to learn trading with patience.

That's something those who want to start trading should be wary of. Even highly skilled traders can't avoid losses when the market is highly volatile. The market isn't 100% predictable, and sometimes, in the midst of analysis, news emerges that significantly impacts price fluctuations.

The problem is, they only see someone who's made a significant profit from trading, but they don't want to know what the person they're watching is experiencing. On the other hand, we can't entirely blame those new to the crypto world, as sometimes the people they follow only show their profits.

[lizarder]

I skipped those parts when I first started learning, so my life wasn't going well. I relied solely on my determination as my initial capital without preparing for the worst-case scenario or how to anticipate it. The worst part was that I stopped and went back to working like before, forgetting about trading. Eventually, things improved, and I started learning again slowly. This is just a little story I can share. Thank you for reading.

I also experienced the same thing and spent a little more money trading, but because I didn't have the proper knowledge, I ended up quitting and going back to my normal life. In late 2023, I met someone who had knowledge on how to properly engage in trading, and I started learning again with him using a small amount of capital. Long story short, I managed to recover all my previous trading losses to this day thanks to the knowledge taught to me through the disciplined method.

An important lesson I learned from trading is never to push for big profits and don't immediately seek revenge after experiencing losses in previous trades. I learned a lot about this, and he always advised me to be disciplined, even if the profits were small in a single trade.

[uchegod-21]

Trading can be considered as a source of income, but the trader must learn with determination to reach that level. There are many who consider trading as a source of income but when they lose their capital instead of profit from it, they get discouraged. To do something good from trading, a trader must go through hardships. There is no chance of regular income in this platform. Those who want to depend on it should definitely change their goals. It is not possible to become successful as a trader by learning only technical or fundamental. Trader must also have a financial backup and try to be realistic.

Trading is risky, so it’s never meant to be considered a main source of income, except for those who have exceptional skills when trading, otherwise a lot would rush into trading and see it as a get rich quick tool and eventually lose all their trading funds in the end due to wrong mindset and decisions.

Instead, trade to gain additional income. See trading as a side hustle, that way if you lose from it, your main income will not be bothered and affected.

Those whom we see as traders are not just trading alone. They are also hodling bitcoins in addition to their trading activities. Some traders set up trading academies where they teach young people how to trade. They do all of these to help sustain them so they do not rely heavily on profits from their.

When a trader engages in other things to earn money, it does not mean that he is a bad trader, it is just a way to distract himself from getting so emotionally attached to his trade and withdrawing his investment prematurely.

[justdimin]

I also experienced the same thing and spent a little more money trading, but because I didn't have the proper knowledge, I ended up quitting and going back to my normal life. In late 2023, I met someone who had knowledge on how to properly engage in trading, and I started learning again with him using a small amount of capital. Long story short, I managed to recover all my previous trading losses to this day thanks to the knowledge taught to me through the disciplined method.

An important lesson I learned from trading is never to push for big profits and don't immediately seek revenge after experiencing losses in previous trades. I learned a lot about this, and he always advised me to be disciplined, even if the profits were small in a single trade.

Revenge trading is the worst situation and we should also make sure that we calm down. Because if you already have a strategy that normally works, just because you lost a few times, doesn't mean that you should feel revenge.

I have seen the same thing with gamblers too, they lose, and lose and lose, and keep chasing those losses and keep losing more, without changing much. That's not a good move and you should avoid doing something like that. We are going to get a lot better results if we are calm and handle the loss in a mature way. Experience does allow you to be better in that regard, because if you are experienced then you are going to get a lot better without a doubt so we should not be worried and just keep trying.

[Cookdata]

Yes, in trading, it is definitely best to start with low leverage, increasing the leverage to a greater extent has a lot of risk. Trading is not easy at all for beginners, although it is easy for experienced people, but there is a lot of risk in it, you can face losses at any time due to market volatility. That is why we should always use low leverage in trading, using high leverage is always risky and can cause losses. In trading management, we always have to start with experience and skills, as well as educate ourselves in trading education, only then can we avoid losses. A new trader should start by following such advice, he should always move towards a good plan, only then will he not have to face losses.

I hope you know that you don't need any leverage to trade. Most successful traders don't do futures, they focus on spot trading for long time, they do this consistently until they get to a point they completely master the game of trading. There are some traders that does futures but what they do isn't the ways of newbies, they have their positions all set on spot trading and they open one or two leverage trading on another separate accounts to manage the risk independently.

If you have to focus on trading, don't try leverage in crypto this is because of the nature of Volatility that we have in crypto market, some people will suggest that you use stop loss which is the best thing to do but if you use leverage trading and Volatility becomes so high, your capital will be chop off until you are left with nothing again. Focus on spot, you can start with demo accounts like paper trading or use direct exchanges that have one and that's it.

[lizarder]

I have seen the same thing with gamblers too, they lose, and lose and lose, and keep chasing those losses and keep losing more, without changing much. That's not a good move and you should avoid doing something like that. We are going to get a lot better results if we are calm and handle the loss in a mature way. Experience does allow you to be better in that regard, because if you are experienced then you are going to get a lot better without a doubt so we should not be worried and just keep trying.

Most people think that when they experience a loss, seeking revenge immediately will provide an opportunity to recover previous losses. This actually makes it harder for them to understand responsible trading, resulting in the same situation as gambling. Experience teaches us to continually understand the mistakes we make in trading, allowing us to gradually change our trading patterns and strategies appropriately.

While trading isn't 100% foolproof, as there are times when we still experience losses even if we're considered quite professional, at least this approach can make someone more responsible and disciplined when trading, rather than forcing yourself to trade excessively without a clear strategy.

[harapan]

Basically just use 2% of your entire portfolio for trading and you're safe, on top of that you don't use all of that 2% but just few percent of it if you future trades.
It's simple and basic money management that people often overlook but can save them from losing in the long run.

Trading is more strategical and tactical such that your expectations can't be fulfilled in most cases why we don't need to put all hopes basically because we traded with an amounts and we should expect results in no time. Trading will always burst ur bubbles no doubts why is needed to understand money and risks management so well.

[@nn@_pen9]

Trading can be considered as a source of income, but the trader must learn with determination to reach that level. There are many who consider trading as a source of income but when they lose their capital instead of profit from it, they get discouraged. To do something good from trading, a trader must go through hardships. There is no chance of regular income in this platform. Those who want to depend on it should definitely change their goals. It is not possible to become successful as a trader by learning only technical or fundamental. Trader must also have a financial backup and try to be realistic.

Yes, if we want to become a much better trader than before, it does require quite a big sacrifice, both in terms of finances and time. Yes, learning to trade is not as easy as we think or instant, we need to spend time to learn the theory, follow market developments, and practice consistently. Besides learning trading techniques, it is also important to hone our psychological skills, including discipline, patience, and emotional control when trading.

Not only that, always evaluate the trading results and strategies used, so that the ability to adapt to the market that is always moving and changing is very important. This sacrifice isn't easy, but with commitment and consistency, the results can be well worth the effort. Successful trading is the result of continuous learning and experience.