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.

[Cgrexp]

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.

Newbies think they will just buy and sell and make a profit. With this mindset, they enter trading and most of them end up losing. No one can consistently make a profit in the uncertain and volatile market of Bitcoin. Self-control and chart analysis are necessary, but the first thing to do is to invest with unnecessary money. When a trader invests with his unnecessary money and is ready to lose it, he will not be disappointed  if the market falls if he is ready to lose first. Everything depends on the mindset of the person. Success does not depend only on strategy but also on risk tolerance, patience, discipline and rational decisions.

[BRINIRHA]

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.

Actually, the hardest part of being a trader is when we suffer a major loss and find ourselves in a situation where our mental resolve starts to waver and we almost don’t want to continue. But we really have to face that phase if we’re serious about becoming better traders. We just need to learn from our past mistakes and losses. And we must not let emotions take control of our trading. That way, we’ll be able to trade with greater composure. Even professional traders sometimes experience days filled with losses. But they maintain self-control and return to trading once their mood has improved, turning the situation around in their next trades.

[Mame89]

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.

Actually, the hardest part of being a trader is when we suffer a major loss and find ourselves in a situation where our mental resolve starts to waver and we almost don’t want to continue. But we really have to face that phase if we’re serious about becoming better traders. We just need to learn from our past mistakes and losses. And we must not let emotions take control of our trading. That way, we’ll be able to trade with greater composure. Even professional traders sometimes experience days filled with losses. But they maintain self-control and return to trading once their mood has improved, turning the situation around in their next trades.

Absolutely true. All traders will experience this most difficult part of their trading journey facing major losses at times. Many successful traders say that strategies can be learned in a few months, but surviving a major drawdown can take years of mental toughness. It's no wonder this is the most difficult part of trading when experiencing losses. Because experiencing a major loss is incredibly painful, causing the brain to react like physical pain. A major loss can cause stress similar to injury or emotional trauma.

So, if you've entered the world of trading you must have the mindset that trading isn't easy especially for beginners. Almost all experienced traders have experienced major losses. What sets them apart is that they survive and improve. But if you can get through this without giving up your mental level will improve permanently. However, it's important to evaluate all your losing trades. Essentially, major losses aren't the end of your trading they're the first step toward becoming a truly consistent long-term trader.

[macson]

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.

Anyone can be a trader, but only some succeed because each person has a different emotional control. Successful traders possess emotional control that allows them to be disciplined in their strategies. When the market reverses, most traders might panic and immediately cut their losses. However, professional traders understand the situation and maintain confidence in their strategy, so they don't rush into action and remain calm throughout.

[Emitdama]

All traders will experience this most difficult part of their trading journey facing major losses at times. Many successful traders say that strategies can be learned in a few months, but surviving a major drawdown can take years of mental toughness. It's no wonder this is the most difficult part of trading when experiencing losses. Because experiencing a major loss is incredibly painful, causing the brain to react like physical pain. A major loss can cause stress similar to injury or emotional trauma.

So, if you've entered the world of trading you must have the mindset that trading isn't easy especially for beginners. Almost all experienced traders have experienced major losses. What sets them apart is that they survive and improve. But if you can get through this without giving up your mental level will improve permanently. However, it's important to evaluate all your losing trades. Essentially, major losses aren't the end of your trading they're the first step toward becoming a truly consistent long-term trader.

Yeah true, we have to wait and see what's going to happen with all the improvements in the trading world and AI world. Because while it is not there yet, we are going to end up with AI doing a lot of help with the trading so that's going to be a lot more viable and do a lot better and won't be something that would be complicated to handle. This should not be something that is hard to trade on, because those times newbies will be able to do handle this as a viable solution for newbies to get easier entry towards trading.

[HONDACD125]

Actually, the hardest part of being a trader is when we suffer a major loss and find ourselves in a situation where our mental resolve starts to waver and we almost don’t want to continue. But we really have to face that phase if we’re serious about becoming better traders. We just need to learn from our past mistakes and losses. And we must not let emotions take control of our trading. That way, we’ll be able to trade with greater composure. Even professional traders sometimes experience days filled with losses. But they maintain self-control and return to trading once their mood has improved, turning the situation around in their next trades.

I agree, but I would say that we shouldn't suffer major losses in the first place. You suffer from major losses only if you make risky trades without risk management, which is wrong as a trader. First of all, one should only take risks they can afford, and secondly, even if they can afford to lose the amount, they should make sure that they have taken the necessary steps to mitigate the risks, steps such as putting stop-loss with all the trades, especially the ones which you believe are riskier than others. Most people who are into trading and suffer major losses don't even know what a stop-loss is, and that is because of a lack of knowledge.

When you are starting as a beginner, your focus should be on learning everything that you need to learn before becoming a trader. You can always start trading later and make profits but if you start without knowledge thinking that you should start making profits as quickly as possible, you will surely face losses instead because that is not the right mindset to have. You can't expect to learn everything in the process without facing any losses, that is just not possible and we need to understand this.

[nara1892]

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.

Anyone can be a trader, but only some succeed because each person has a different emotional control. Successful traders possess emotional control that allows them to be disciplined in their strategies. When the market reverses, most traders might panic and immediately cut their losses. However, professional traders understand the situation and maintain confidence in their strategy, so they don't rush into action and remain calm throughout.

Yes, so it can be said that one of the keys to success in trading is that we must first control ourselves and our emotions, but this is indeed difficult, everyone admits it and the only way to train it is by continuing to try while learning, on the other hand, self-acceptance or responsibility is also an important point because emotions can only be suppressed when a trader truly understands that losses are a very normal thing to happen in the market and that way, it is very likely that their mental and psychological will not be affected by losses.

[Stable090]

1. What’s the biggest mistake beginners usually make?

Most beginners don’t take there time to properly learn about trading, and I will say thats one of the reason why most of them are always losing when trading. They just believe trading is a place where they can easily make money without even having properly knowledge about trading.

As a trader you should first learn about trading before you should think of making money from trading. You don’t have to depend on all this trading signals because you just going to find it difficult to get the right one, but if you have knowledge about it, then you will be able to properly do your analysis before entering a trade, and you will be able to properly manage your risk.

As a trader we should always expect profits and loss, you can’t be making profits always that’s why we are not even suppose to joke with risk management, you might be confident in some trades, and at the end things might just turn again you so always manage your risk properly.

[Powerjumboo]

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!

Trading platform is a very risky platform. It is very difficult to earn money from trading platform. So, newbies in this trading platform should definitely participate in trading platform by following everything and gaining experience. Especially if newbies really have to learn then I would say to trade with money according to the ability to lose. If newbies can start trading with money according to the ability to lose then maybe they can learn about trading because here money has been used according to the ability to lose. Moreover, I want to say that trading should not be done by being overly emotional because excessive emotion harms people from any thing.

[HelliumZ]

Newbies usually make mistakes when making a few selections while trading, especially when they choose some coins that, if traded during the market hype, can cause huge losses in the market if the market suddenly dumps.
These new traders, of course, need to know about the coin well before investing or trading. They need to know about the market well. They need to know when to enter the market well and when to sell their investment well. In other words, if they do not have knowledge about the risks of trading and the timing of trading, if the new ones suddenly enter the market and start trading, they will definitely face losses. This is something that new traders need to consider with the utmost seriousness.