Advice for someone new to crypto trading?

[Maslate]

Beginners often think that there is easy money in trading, so they enter trading and trade blindly, and eventually lose all their hard-earned money. This is the biggest mistake of every newbie in trading, and after losing, that's when they start taking time how trading works and how traders can take advantage from trading.

There's one habit that's definitely a must for everyone, and that's being disciplined in trading. One can only be patient and cautious in the market if the trader itself has developed discipline first and foremost.

[Kelvinid]

The members have already said a lot of things, and they are valid. Personally, the best thing that you can do is the following.

• Controlling emotions
• Proper risk management

Another thing that I think would be helpful ^{(I haven't really fully invested in doing it, though)} is having a written trading plan. Like how you decided to enter the trade, what risk parameters, and what position size you used. There are a lot of things that you can test out for this but I think it will be dependent on the trader.

Preparing yourself for trading is the best thing any beginner can do.

However, I doubt if beginners will take their initiative to create a trading plan prior to real trading in the market knowing majority of them wanted to enter trading for quick profits.

But after some trading mistakes and losses, and realized that there is no easy way to succeed, maybe that's the time that they will focus on making a written trading plan to avoid further losses and increase their trading potentials while they also increase the amount of their trading experiences.

[Selaphiel]

Hi everyone,

I’ve been reading the forum quietly for a while and finally decided to join. I recently got interested in crypto trading, but I’m not really a big risk-taker, so I’m trying to approach this carefully instead of jumping in blindly.  There’s so much information out there, and honestly it can be overwhelming. Some people make it sound easy, others say it’s brutal.  I’d rather hear advice from actual users who’ve gone through the ups and downs.

For someone starting out and wanting to be thorough,

1. What’s the biggest mistake beginners usually make?
2. Any habits I should build early on?

Appreciate any guidance. I’m here to learn properly, not gamble my savings.

Thanks in advance!

We are both newbies here on the forum, OP, and as a newbie like you, I don't think we need to rush into crypto trading right away. I know that this is really the place to get profit in the crypto industry that we are in. However, I also agree with most of my readers here that most people say that trading is not easy to learn, and it seems like they are really telling the truth.  Because there are many who have been on the forum for a long time, but they themselves admit that they don't know how to be profitable in trading, so most of the time they are just holding what they are doing as holders. So for now, don't jump into the actual trader; study it well and understand it thoroughly.