What are your suggestions for good trading for me?

[TheUltraElite]

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.

Indeed bots are not supposed to make trades always profitable, they will make the process fast and easier to execute, nobody should buy a bot with hopes that they can make profitable trades than a human can, because its not so.

Most of the trading happening is automated nowadays by groups of people which one individual might find difficult to compete against. But solo trading is also possible, becomes easier if you are doing mid-long term trading with buying points being very low and selling points at all time highs.

The process wont make you rich overnight but can add a decent chunk into your existing stash of coins.

[jcojci]

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.

Simply put, if you just want safer trading, try buying coins in the top 20 on CoinMarketCap. The reason is that they have survived various shocks in the trading world over the years. While this doesn't mean there's no risk, it's at least minimal compared to buying coins far below. However, the returns are sometimes lower than those of lower-ranked coins.

Buying the top 20 coins is a good idea but he must analyze one by one to find the coin but most people just buy when the price start moves without analyzing so that make them buying a wrong coin. Experiencing losses and profits is normal but if you can learn from your losses, you will improves your knowledge so that gives you more chances to pick the right coin.

But no safer trading especially if he doesn't have much skills so the first thing he needs to do is learn trading, understand how to analysis and pick the coin. But Bitcoin trading may be safer because he only needs to buy and hold then sell when the price increases and he can rinse and repeat the process and increase his profits.

[Floczy]

Trading is actually hard.

To succeed in trading you have to be in another level (slightly insane)
In my personal journey there came a time I started talking to my self, I even went as far as shouting at my self lol. But today I'm profitable by the grace of God,
Trading is a journey a long one that requires endurance so I will like you to sit and reconsider if your ready to go for forex trading
You can start learning any time even now, but..
Are you ready to take losses ?
Are you ready for to be judged ?
Are your ready to keep going where there seem to be no hope ?
Alot of things to consider man, reason everything over again if your ready then start, if you have even a slight feeling of doubt don't go

[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.

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.

Many? I would say majority, big majority There's always a way to show full absolute history of the totality, but I only seen that a very few times in my lifetime, and that was only in forex. Never crypto. For those who show to try and gain followers or paid subscribers I mean.

@landheer, any comments yet on DCA suggestions? You only responded to one post

[LastKiss]

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.

Simply put, if you just want safer trading, try buying coins in the top 20 on CoinMarketCap. The reason is that they have survived various shocks in the trading world over the years. While this doesn't mean there's no risk, it's at least minimal compared to buying coins far below. However, the returns are sometimes lower than those of lower-ranked coins.

Buying the top 20 coins is a good idea but he must analyze one by one to find the coin but most people just buy when the price start moves without analyzing so that make them buying a wrong coin. Experiencing losses and profits is normal but if you can learn from your losses, you will improves your knowledge so that gives you more chances to pick the right coin.

But no safer trading especially if he doesn't have much skills so the first thing he needs to do is learn trading, understand how to analysis and pick the coin. But Bitcoin trading may be safer because he only needs to buy and hold then sell when the price increases and he can rinse and repeat the process and increase his profits.

It's a good idea if we're not forgot to sell our altcoins bag since it's very volatile and it's also looks good when we're avoid buying at the top. Trading altcoins is one of the trickiest in the crypto even when it comes to the top 20 coins. Since OP is a beginner, I would avoid trading altcoins or buying them at random prices. If he want to buy crypto without worrying too much about timing, it's better to stick with Bitcoin.

To gain more experience OP needs to trade with real money where he will face real lots of uncertainty. That's where he can develop what every trader needs, such like as patience, discipline, self control trading skills, etc.

[bitgolden]

Buying the top 20 coins is a good idea but he must analyze one by one to find the coin but most people just buy when the price start moves without analyzing so that make them buying a wrong coin. Experiencing losses and profits is normal but if you can learn from your losses, you will improves your knowledge so that gives you more chances to pick the right coin.

But no safer trading especially if he doesn't have much skills so the first thing he needs to do is learn trading, understand how to analysis and pick the coin. But Bitcoin trading may be safer because he only needs to buy and hold then sell when the price increases and he can rinse and repeat the process and increase his profits.

That's the problem, I have seen a lot of people who made these mistakes, and while that is expected at this point, it's not really ok because if you just buy without looking at it and just jump on whatever is trending at that point, you might be too late and fail.

This is why we are saying buy right now when it's going down so that you could profit, because if you buy when it's going up, then the going up could stop and it can start going down and you will lose, but if you buy when it's going down, then it's already down, you will profit quicker.

[alastantiger]

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.

It is not always good to believe what others are saying without having a proof that they are not lying but instead saying the truth, many people like to deceive others and with the rise in social media they are seeking for social validation hence they might try to make their videos look so convincing that they are making profit from trading but truly they are not instead what is happening is that they are using money from other source of income to fund the lifestyle that they display online. Believing that others can teach you on how to become a good trader is not always true because people are selfish and would not want to reveal the secret of their trading instead they will continue reaping you of your money until you go broke.

[Emitdama]

I would never say trading is easy no matter how experienced we are. Trading will always come with it's own risk regardless the experience you carry. I myself have faced severe losses recently. My profits were much bigger so I do not really worry about those losses.

All I wanted to say here is no matter how experienced you are, you will always find it difficult and sometimes exhausting to analyse the markets. Also, I have seen a lot of seasoned traders scratch their head once their trade goes haywire. If you have minimum experience, I would say you start with spot trading. Spot will give you some really useful insights about the markets and you would at least learn how to analyse the charts. This alone will help you a lot in your future trading journey. Remember, patience is the key.

That is a good suggestion for OP. OP should try and stick close to spot trading because that is where minimum risk is involved. In futures, even a 5x position gets liquidated much sooner than we think so instead of taking unnecessary risks at the beginning, it is better to stick to spot markets where OP can simply buy bitcoin and sell at a slightly inflated price. That way, OP would at least get hands on experience and will know when and how to close the trade. Without this experience, futures is going to be a disaster for OP.

Even if you choose spot over futures, patience will still remain constant. Most of the trading rules, risk management and strategies remain in place just the amount of position size changes. It is really good to get some experience first. I hope OP takes this seriously.

[Youngrebel]

It is not always good to believe what others are saying without having a proof that they are not lying but instead saying the truth, many people like to deceive others and with the rise in social media they are seeking for social validation hence they might try to make their videos look so convincing that they are making profit from trading but truly they are not instead what is happening is that they are using money from other source of income to fund the lifestyle that they display online. Believing that others can teach you on how to become a good trader is not always true because people are selfish and would not want to reveal the secret of their trading instead they will continue reaping you of your money until you go broke.

Exactly social media has actually made it very very easy for people to fake success, and many so called trading expert make more money from selling courses or signals than from trading itself and that is why I do tell my friends it is important to verify claims instead of just trusting flashy lifestyles they only their to decide u.

[Rubuchi]

Exactly social media has actually made it very very easy for people to fake success, and many so called trading expert make more money from selling courses or signals than from trading itself and that is why I do tell my friends it is important to verify claims instead of just trusting flashy lifestyles they only their to decide u.

Social media has brought about many fake lifestyle recently. Everybody is literally just faking it here and there. Only a few people are real. These influencers are social media content creators are also faking it just to make their money off their audience who they claim they care so much about but in real situation these people are just those they use to make their money as click through rates where they get revenue in return. Many people are out there selling courses and signals when I feel like they could have use that same time to trade and get bigger money if it truly has more profit

[LogitechMouse]

---
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.

Being profitable in trading doesn't matter whether you are trading the top coins, or those coins that have low trading volume. What matters is your knowledge and experience about trading.

You said that newbies lose money in trading, and that's because they lack of experience which could help them in making better decisions in the long run. I can give an advice and say "You should focus on trading on Bitcoin", but that doesn't mean that it will increase your chances in winning. Same if when I say that you should focus on trading low-volume altcoins because your profitability in trading depends on how good you are and how much knowledge and experience that you have.

I don't see any safe asset to trade when it comes to futures because you can still lose money even though you're trading in Bitcoin.

[Popkon6]

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.

Look, if you want to trade, then definitely trade in the trusted coin Bitcoin. Even if you are facing the loss of trading, it is still possible to make a profit if you keep it for a long time. So I advise you to trade Bitcoin, not altcoin, and I myself hold Bitcoin for a long time and trade at the same time.
But keep holding Bitcoin for a long time, you will get several times more benefits than trading and the risk will be much less, your money will be safe.

[Fivestar4everMVP]

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.

It is always safer to trade in bitcoin but the thing is that you won't always get the good market and profit opportunities trading bitcoin alone, and another thing is that trading only bitcoin can sometimes be very boring especially when the market is a kind of stagnant.

So, the best way to enjoy trading is to try as much as possible to be versatile, learn to trade so good that whether you are trading in bitcoin or altcoins, you will make profit.
But one thing you must do away with is the mindset that you will consistently make profit, losses will comes from time to time but the goal is to win far more trades than the losses, and much more profits than the loses as well, this is because even highly professional traders still lose trades and money at times, but like I said before, the goal is to win more than we lose.

[Joeboy]

...

OP don't expect to always have a win to every of your trade coz having loss is also a huge part of trading... So even if you are an experienced or a new trader you really can't escape losses ...Which is why as a trader you really have to practice Proper Risk Management to avoid over risking an amount that is very much beyond your capacity..
Most alt coins that pretends to be the best in the market are simply just Rug Pull, so it is best that you really do a proper research before venturing into that coin regardless of how that coin is being hyped.. And this research should be done by yourself, coz it is not always a good idea to always rely on someone else's findings...

[Dr.Bitcoin_Strange]

I'd recommend you using a very small leverage, as a beginner or intermediate trader, it's best to use small leverage because it minimizes your risk of fast liquidation. Bitcoin is safe to trade but if you are looking for altcoins to trade, I'd recommend you go for solid coins like ETH and the rest, I don't trade meme coins or any random coin because the volatility can be crazy at time. Personally, I'm trading just Bitcoin and XRP for now.

[Big Dirams]

I'd recommend you using a very small leverage, as a beginner or intermediate trader, it's best to use small leverage because it minimizes your risk of fast liquidation. Bitcoin is safe to trade but if you are looking for altcoins to trade, I'd recommend you go for solid coins like ETH and the rest, I don't trade meme coins or any random coin because the volatility can be crazy at time. Personally, I'm trading just Bitcoin and XRP for now.

Using smaller leverage is a good idea most especially as a new trader without much experience of the market and however even if we become more experienced in the trading journey we shouldn’t just go for higher leverage without applying proper risk management. High leverage comes along with risk so we need to be super careful of things we do.

Other tokens aside the most reliable and reputable ones can be risky and we don’t know much about their volatility so let focus on the top coins and trade with them we can make good profit from it when we apply good risk management.