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.

[henmark]

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.

Stop loss is meant to save excess loss and it does. But what people fail here is that they keep opening positions after hitting stop loss thinking they can make profits now to recover the amount lost when stop loss was hit. They keep trying until there are no funds left in their account. So even after using stop-loss these people blew their accounts just because of greed. When it comes to trading, greed would be our biggest enemy because we see the money moving right in front of our eyes and we usually are attracted by those but that is not what we should be looking for. Slow profits would always stick much longer than fast profits.

Just stop loss is not enough. We also need to learn a few basics about trading and human psychology. We need to understand why human always keeps thinking about money. We have to not prioritize money and only then we might find some luck here in trading.

[yudi09]

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.

You won’t always be in a favorable position when trading. If you’re looking for advice based on experience, it probably won’t differ much from what’s already been shared here. The most fundamental things are self-control and risk management. Every trader is different, but generally, the principles are the same.
When trading altcoins, you should focus on selecting altcoins that have good potential within a specific timeframe. Don’t set your targets too high—even if the percentage gain is small, as long as you hit your target.
For beginners, it’s best to avoid futures trading and stick to spot trading.

[Qastessa]

-snip-

I won't suggest anyone about the automation as of yet. People here are really very anxious and even if they read about automation, they would start digging about it online. Automation makes trading look really easy as we have to do literally nothing after investing that money. Automation would attract a lot of new traders but none of them would actually make any profits. To understand automation, we first need to manually experience how the market really works. We can't simply trust these bots with our money. We need to know how this bot will execute the trade.

For new people, avoid automation as of now. Learning trading from the spot markets and once you are confident, you can slowly and gradually move towards automation with minimum test funds. Do not trust any random bot though or else that would be the easiest way to lose all your money or possibly compromise the security of your trading account.

[nara1892]

There's no market that won't result in losses. All types of trading are risky, and that's natural, as anything with the potential for profit carries a risk of loss. Honestly, I can't recommend which is better. The decision is yours, as you only know how much or how little risk you're willing to tolerate. Oh, and one thing to remember is that no market consistently provides profits; profits and losses alternate. However, if you're skilled and knowledgeable enough, you can minimize the risk.
Essentially, if you want a safer risk-reward strategy, the spot market is the way to go. The downside is that you need to be more patient, as the spot market yields profits slowly.

[slaman29]

Just the four posts above me tell you everything you need to know. Don't trade first. See how it goes for people. Don't get fooled by short histories. A full cycle can be brutal to traders with all kinds of strategies.

I recommend myself DCA (regular buying at any price to hold for long term) while you observe trading... if you are objective you will come to the same conclusion that trading is not for you.

[I_Anime]

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.

So when come to what to trade it actually boils down to the kind of market you trade in, we have the currency pairs, we have the stock market and also digital currency market (crypto) and others . So when we are talking of the crypto market to me personally Bitcoin is actually the best (doesn’t mean you should trade with your holdings), the reason why choose Bitcoin is because it flows well with my strategy, so it still boils down on your strategy because all coins follows Bitcoin most time but move in different patterns.

[barbara44]

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.

Loss is unavoidable at the very initial stage. No matter what, we will always have loss even if we have a proper strategy in place. Making money in trading is not that easy. Hundreds of people try every single day and majority of them fail. Only a handful of those people continue trading tomorrow. Rest are the ones against trading only because they could not find profits for themselves. As we know loss is inevitable, so why open larger positions initially? We can always start with minimum orders to see if we can make any profits. If not, we can continue learning and taking smaller trades until we find profits.

Experience is a key here. Without experience, it will be like diving into ocean without knowing how to swim. Many people consider trading as an easy job which in fact is the most difficult job. There is stress, financial pressure and a lot other things involved with trading.

[savetheFORUM]

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.

Mastering spot trading is going to take a really long time. OP, do not think you have mastered trading if you had one or two profits. You need to maintain a good winning streak and only then you can consider yourself as an intermediate trader. After that, feel free to explore futures but not initially.

Even spot market is going to eat your money at the very starting of your journey. You have to remain patient and do not think of it as a failure but just an another learning curve. If you keep learning from your mistakes, I am sure one day you will definitely get lucky here.

In the meanwhile, stick to spot no matter what. Even if you have a 100% assured trade opportunity, do not risk it on futures. Keep sticking to spot at least until you profit 5 times in a row. If you want to profit from shorting, consider futures but only with no or minimum leverage. I would say you should forget about leverage at least for a few initial months.

[Big Dirams]

Just the four posts above me tell you everything you need to know. Don't trade first. See how it goes for people. Don't get fooled by short histories. A full cycle can be brutal to traders with all kinds of strategies.

I recommend myself DCA (regular buying at any price to hold for long term) while you observe trading... if you are objective you will come to the same conclusion that trading is not for you.

Good point, let not get fooled or even deceived by other people’s journey and their outcome. Many of this traders we see online are just showing off their good side of trading and hiding the bad outcome from the internet, we shouldn’t go into trading with the mindset of hoping to see good results as others we see online instead let be ready to give trading all it deserves and the patience it also deserves and after that if we see we can’t endure this requirement and pressure then we can easily decide either on starting the journey.