What are your suggestions for good trading for me?

[tygeade]

I don't think there will be anyone who never had any loss in trading. Trading is a tricky business and loss is just a part of it. We can't avoid those loss but that will at least teach us how to avoid such situations in future. No matter how experienced you are, you will always wind up in loss at least every 5 trades. It depends on your risk management strategy about recovering the loss. You can still wind up in profit even if one of five trade ends up in loss. Just make sure not to wind up all 5 trades in loss or that will be the time when you will have to re-evaluate your strategies.

I think bitcoin will be the best investment advice for you as of now. As you gain experience, you can slowly and gradually move towards altcoins but as of now, that can be a riskier decision for you so it is best to stick with bitcoin. Also try avoiding futures at the very initial stage. Spot markets will be your friend.

[disbil]

Sometime trading looks easily to make money when trading at right moment just few hours or day earn profit but many time wrong moment to buy make difficult to earn profit and make money from trading, I think important points have to know about trading easy way to make money or not depend your timing or moment buy bitcoin and cryptocurrency coins assets. If wrong moment actually difficult make money from trading but many people not really have much experienced in trading but trade coins at the right time easy to make money and earn profit without need longer time.

For me trading not easily as imagine how difficult prediction wit the market movement indeed buy at dip price sometime another dip and lower price come make us have be more patience waiting for recovery or earn profit.

[TheUltraElite]

Trading seems easy to make money if you're good at it, but if you're not, you'll inevitably incur significant losses. As a beginner, I sometimes experience losses and profits.

Trading might seem easy but it is the opposite because most of us lack the knowledge, nerve and automation software required to do that.

In this topic, I'd like to hear about your trading experiences, whether you've always lost or not.

I will not use the terms win/lose here, because it is a wrong application of the terms. You dont lose in spot trading, you own the opposite asset and you might need to hold that till you can sell again.

In your opinion, the best and most consistently profitable trading is in the futures or spot markets.

So I try to divide trading into spot trading and non-spot trading. The first one is the actual trading, all the others that come under non-spot are gambling and hence not actual trading. If you are trying the latter you will "lose" and the application of the term win/lose would become appropriate because it is gambling.

I'd also like to hear your advice on which altcoins to trade in, or whether it's safer to trade in BTC. Everyone's experience is certainly different.

Same buy low sell high you can do on altcoins too but I would not suggest delving into them. Long term profit in bitcoin is much higher than altcoins.

[Dr.Osh]

Trading seems easy to make money if you're good at it, but if you're not, you'll inevitably incur significant losses. As a beginner, I sometimes experience losses and profits. In this topic, I'd like to hear about your trading experiences, whether you've always lost or not. In your opinion, the best and most consistently profitable trading is in the futures or spot markets. I'd also like to hear your advice on which altcoins to trade in, or whether it's safer to trade in BTC. Everyone's experience is certainly different.

If you're new to trading, I recommend mastering spot trading first. Spot trading is generally more relaxed and doesn't put you under the threat of falling assets. Once you've mastered spot trading and accepted all the risks, you can try futures trading. While futures trading profits are faster, the risks are very high. Even I wouldn't dare keep a lot of money in a futures wallet.

[Localhostspeed]

Trading seems easy to make money if you're good at it, but if you're not, you'll inevitably incur significant losses. As a beginner, I sometimes experience losses and profits. In this topic, I'd like to hear about your trading experiences, whether you've always lost or not. In your opinion, the best and most consistently profitable trading is in the futures or spot markets. I'd also like to hear your advice on which altcoins to trade in, or whether it's safer to trade in BTC. Everyone's experience is certainly different.

Trading is easy but practically there is more to lose from it. It's all fun and dazzling if you are printing money from it but it can be ugly too that you can lose all you had or most you have prepare for, even if you do use stop loss, you can still lose more of it. This is why it's better you to even use it than not use it at all. Some traders has loss money due to their own mistake of not using stop loss that's why it's not easy to trade, you can lose all too.

However, trading can be bad if you don't know the basic at all. There are people that makes from trading and never for one day lose during bull market. If you tell those people that trading is hard, they will argue with you that it's not but let them come and try such style in bear market, that's when you will know that people don't actually know how to trade like they do talk about. To win in trading, don't just give up and know how to minimize your lost.

[WhoYouCantKill]

When making a decision to become a trader then you have to be ready to know what you want to go into because we know the kind of responsibility that trading comes with, because when it comes to trading people think it's a place that they can harvest profit and they don't know that there will be terms that the market will take from, and the illustration of trading been war is actually very funny because most times you are going to be losing the battle because that is just how it is so you have to be ready for things like this before you conclude on what you want to do when the battle is not won.

Indeed, it is possible for traders to actually harvest profits from the market, but it’s important to understand that this may not always be the case in trading, and having this understanding helps them set realistic expectations when they are trading and also help to avoid having misconceptions of having to always be in profit, because this is usually the same misconception that often push traders into taking too much risks without considering the potential risks.

[FanEagle]

Yes, beginners will do best if they focus on spot trading, though they can also explore futures trading if they want but rest assured, they will only end up with painful losses.

If you have an interest in exploring spot trading it is best you do so through the experience of another person or you strictly dedicate a certain amount of money to it because there will be losses at first and if you are not prepared for it, it may just discourage you entirely from wanting to trade at all. Many traders who are now successful are very good with handling losses, while they know their flaws and they do not allow their emotions to shift quickly towards making decisions in trading, they value the experience they have had and know that a key to remaining successful in trading is always remembering those loses.

Very well said. OP, if you really want to make a career in trading, be prepared to face failure at the start. It might take weeks or months until you can find the very first profit. I am sure, before you see that profit coming, there will be pile of losses waiting. Try not to give up because this is where the markets will test you. If you give up too soon, markets will never allow you to return. Even if you return, the markets will always be there to eat up your money. You are betting against experienced traders here so the chances of your winning are pretty thin.

I would recommend OP to first go for paper trading where he can learn the ins and outs without actually spending any money. Paper trading will at least clear some basic trading functionalities which will prove useful in the coming future. For new traders, I would say consistency is what will make you a professional trader in the coming years.