Advice for someone new to crypto trading?

[nara1892]

Crypto trading is hard, you need a significant amount or time to learn and master it before you can get profitable
The only advice I have is that if your ready to do it you should be determined and be ready to face what so ever the learning process throws at you.
As you go through your learning process you will discover more things and work with them.

I agree with you, trading is difficult, even more difficult than we expect. At first, I certainly thought trading was an easy way to get rich quickly, but the reality is far from it. In fact, I could even say that trading is much more difficult than other fields. The problem lies in the fact that we have to fight against ourselves. As the saying goes, "our greatest enemy is ourselves, and that is our emotions." It's incredibly difficult to control.

Your advice is excellent, and my addition is to be consistent, disciplined, and patient throughout each process. Also, strengthen your mentality as much as possible, focusing on risk management.

[Mame89]

Crypto trading is hard, you need a significant amount or time to learn and master it before you can get profitable
The only advice I have is that if your ready to do it you should be determined and be ready to face what so ever the learning process throws at you.
As you go through your learning process you will discover more things and work with them.

I agree with you, trading is difficult, even more difficult than we expect. At first, I certainly thought trading was an easy way to get rich quickly, but the reality is far from it. In fact, I could even say that trading is much more difficult than other fields. The problem lies in the fact that we have to fight against ourselves. As the saying goes, "our greatest enemy is ourselves, and that is our emotions." It's incredibly difficult to control.

Your advice is excellent, and my addition is to be consistent, disciplined, and patient throughout each process. Also, strengthen your mentality as much as possible, focusing on risk management.

Yes. Trading does seem very easy, even in theory but in reality trading is one of the most difficult ways to make money consistently, even though the method seems simple. Because there are many factors that can influence it, such as fighting yourself, managing emotions and fighting greed. Therefore, when our psychology is good it determines the direction of our trading in addition to the need for strategy.

The bottom line is that someone new to trading should change their mindset about trading. While trading may seem simple, it's not easy. The difficulty in trading isn't in analyzing charts or strategies but in fighting ourselves coupled with the reality of a highly competitive market that makes it difficult to predict.

[The Cryptovator]

You may find a lot of advice here, but the strongest advice from me is that a trader should have enough patience. Whether new or old traders, they should always keep in mind trading isn't a money-making machine. It's all about making money from the volatile; for that, you should have enough patience to hold till the pump. There are many kinds of trading, like day trading, short trading, mid-term trading and long-term holding. There is feature trading as well, which is considered gambling because it's a kind of game with future prices.

However, I will advise also learning trading with a small amount of funds. You need to spend a lot of time to learn trading. It's not something to jump and earn money. You have to learn research, analyse the market and make a good strategy for your trading. Don't invest what you can't afford to lose, because we can't forecast the market. Anything could happen anytime here, so you have to be prepared for any outcome from the trading. Though everyone trades to make money, unfortunately, a lot of people lose money as well.

[8rch7]

I agree with you, trading is difficult, even more difficult than we expect. At first, I certainly thought trading was an easy way to get rich quickly, but the reality is far from it. In fact, I could even say that trading is much more difficult than other fields. The problem lies in the fact that we have to fight against ourselves. As the saying goes, "our greatest enemy is ourselves, and that is our emotions." It's incredibly difficult to control.

Your advice is excellent, and my addition is to be consistent, disciplined, and patient throughout each process. Also, strengthen your mentality as much as possible, focusing on risk management.

Firstly when start trading my assumtion looks easily how to earn much profit from trading in cryptocurrency, buy at lower price and selling later at higher price. All mindset change after entering in crypto trading we got many unpredictable moment exactly after buying any coins easily has moment price of coin drop.
Yeah in trading must learn more about risk management, money management and controlling well with the emotion if want to get bigger opportunity earn profit, most important in trading have to know how to control emotion and be more patience waiting the right time when buying or selling crypto assets.

[nara1892]

I agree with you, trading is difficult, even more difficult than we expect. At first, I certainly thought trading was an easy way to get rich quickly, but the reality is far from it. In fact, I could even say that trading is much more difficult than other fields. The problem lies in the fact that we have to fight against ourselves. As the saying goes, "our greatest enemy is ourselves, and that is our emotions." It's incredibly difficult to control.

Your advice is excellent, and my addition is to be consistent, disciplined, and patient throughout each process. Also, strengthen your mentality as much as possible, focusing on risk management.

Yes. Trading does seem very easy, even in theory but in reality trading is one of the most difficult ways to make money consistently, even though the method seems simple. Because there are many factors that can influence it, such as fighting yourself, managing emotions and fighting greed. Therefore, when our psychology is good it determines the direction of our trading in addition to the need for strategy.

The bottom line is that someone new to trading should change their mindset about trading. While trading may seem simple, it's not easy. The difficulty in trading isn't in analyzing charts or strategies but in fighting ourselves coupled with the reality of a highly competitive market that makes it difficult to predict.

Yes, that's where the problem lies, what you said is very true, as the saying I said above that the biggest obstacle that is most difficult for gamblers to face and manage is controlling themselves and their emotions, analyzing the market can be learned over time but when you experience a loss that's where everything usually changes, often traders end up trading with the intention of revenge to recover their losses, therefore as you said that we must first understand what and how trading actually works, everything is not as easy as it seems.

[Fakhrulenclix]

I agree with you, trading is difficult, even more difficult than we expect. At first, I certainly thought trading was an easy way to get rich quickly, but the reality is far from it. In fact, I could even say that trading is much more difficult than other fields. The problem lies in the fact that we have to fight against ourselves. As the saying goes, "our greatest enemy is ourselves, and that is our emotions." It's incredibly difficult to control.

Your advice is excellent, and my addition is to be consistent, disciplined, and patient throughout each process. Also, strengthen your mentality as much as possible, focusing on risk management.

Yes. Trading does seem very easy, even in theory but in reality trading is one of the most difficult ways to make money consistently, even though the method seems simple. Because there are many factors that can influence it, such as fighting yourself, managing emotions and fighting greed. Therefore, when our psychology is good it determines the direction of our trading in addition to the need for strategy.

The bottom line is that someone new to trading should change their mindset about trading. While trading may seem simple, it's not easy. The difficulty in trading isn't in analyzing charts or strategies but in fighting ourselves coupled with the reality of a highly competitive market that makes it difficult to predict.

Yes, that's where the problem lies, what you said is very true, as the saying I said above that the biggest obstacle that is most difficult for gamblers to face and manage is controlling themselves and their emotions, analyzing the market can be learned over time but when you experience a loss that's where everything usually changes, often traders end up trading with the intention of revenge to recover their losses, therefore as you said that we must first understand what and how trading actually works, everything is not as easy as it seems.

And it should also be remembered that the potential profits we can get are quite proportional to the difficulties in trading, so I think it is quite worthwhile to study it regardless of anyone's perspective on Trading; however, the fact remains that to this day, many people are still interested in continuing to learn it.
As my friend said, everything is true, so the point is we have to keep learning if we want to get profit from trading.

[nara1892]

Yes, that's where the problem lies, what you said is very true, as the saying I said above that the biggest obstacle that is most difficult for gamblers to face and manage is controlling themselves and their emotions, analyzing the market can be learned over time but when you experience a loss that's where everything usually changes, often traders end up trading with the intention of revenge to recover their losses, therefore as you said that we must first understand what and how trading actually works, everything is not as easy as it seems.

And it should also be remembered that the potential profits we can get are quite proportional to the difficulties in trading, so I think it is quite worthwhile to study it regardless of anyone's perspective on Trading; however, the fact remains that to this day, many people are still interested in continuing to learn it.
As my friend said, everything is true, so the point is we have to keep learning if we want to get profit from trading.

Of course the profit potential is also comparable and maybe this is the reason why some traders have succeeded and earned millions of dollars from trading, everything does not come for free, they go through many difficult phases that may even make them stressed, in the end it depends on each of them, meaning whether they are ready or not, strong or not to go through all the processes, failure is certain but true failure is when we give up, there is no other word but to continue learning and increasing knowledge.

[Out of mind]

Those who are new to trading make many mistakes, especially first of all they think that if they trade, they will be able to make money very quickly. They take big risks to make money quickly and without analyzing the market, they take too much risk, which results in losses and their mentality is very broken. Without following risk management, they spend their money in trading, do not use stop loss, cannot control their emotions, most of the time they trade with emotions, which breaks them even more. Again, there are some traders who are new, they follow the advice of others and some signals from Telegram and social media, which leads them to losses, and if they make a little profit, later they tend to trade more, which becomes more excessive, which is harmful.

Basically, new traders should develop some habits from a young age so that they do not make any mistakes in future trading. Knowing about trading management and thinking long-term will help our habits to move in a better direction. Along with this, we have to be patient and follow the rules as well as learn about money management and its proper use. Every new trader should analyze their market well. If everything is managed correctly, then the new ones will definitely expect good things in the future. They have to manage their trading with these habits.