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Author Topic: Are you new? So stay away from trading.  (Read 3531 times)

Offline elbans89

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Re: Are you new? So stay away from trading.
« Reply #60 on: January 25, 2024, 10:37:54 AM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.

Trading is not easy to do.
I suggest  for newbies, better to do spot trading, choose top coin and buy when low set your sell target.
Trading need experience and skill.
We can expert,if we have long time as a trader.
I'm not a trader.
Just several time to do when I have free time.
I more focus as holder.

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Re: Are you new? So stay away from trading.
« Reply #60 on: January 25, 2024, 10:37:54 AM »

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Online vegasus

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Re: Are you new? So stay away from trading.
« Reply #61 on: January 25, 2024, 11:18:51 PM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.
Trading just like gambling are two risky acts anyone can venture into, but the truth remains that why trading deals with the recurrence of an already existing pair trade pattern, when it comes to gambling, it's not like that, hereby making gambling more riskier than trading. But the only difference that exists between both two is that why trading requires both patience, knowledge and luck, gambling requires just only knowledge and luck. Hence, meaning if a person lacks patience, knowledge and luck, he/she can never be a good trader.
In short, both trading and gambling are different. To be a successful trader, you need to have a good understanding of the market and enough experience to make wise decisions. Focusing on one without the other won't do you any good. It takes a lot of time and effort to become a profitable trader, unlike gambling where beginners can sometimes get lucky. In trading, luck can't be relied on to drive your success.
Yes, they are actually different. However, in practice, many newbies do it similar to gambling. They do it without any definite analysis, but only based on following predictions, then make trades as if they are lucky or not. Basically, trading requires very good skills and knowledge because trading is a very high risk thing. But unfortunately, many newcomers don't even prepare themselves well to enter the world of trading and in the end end up just like gambling.

trading is in futures and spot. Future trading will become more like gambling when we don't understand how to manage and handle it well. However, if we are familiar with and understand how to work and analyze it, including various tactics to anticipate all changes in the market, then it will reduce the risk. But if we don't have the skills and abilities, then trading will just be like gambling.

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Re: Are you new? So stay away from trading.
« Reply #62 on: January 26, 2024, 10:31:23 PM »
Trading is not easy to do.
I suggest  for newbies, better to do spot trading, choose top coin and buy when low set your sell target.
Trading need experience and skill.
Exactly. Trading is not easy. It is more difficult and complicated. In fact, I personally have been in the crypto world for a long time, but I'm not good at trading because basically I'm not too focused on learning there. especially if it is trading with leverage. This really needs to be avoided for newbies or those who don't have experience or have a good understanding. because this will lead us to gambling. Here we need to prepare ourselves well with a good understanding of coin analysis, market analysis and indicators, as well as fundamental analysis, including if there is certain FUD or good news. So, this is not easy. It's much better for the long term.

Offline Dzwaafu11

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Re: Are you new? So stay away from trading.
« Reply #63 on: January 26, 2024, 11:32:02 PM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.

Both professional traders and newbie traders are losing money in trading. Losing money in trading is a natural thing that happens. As long as a trader enters the market, there is a possibility of him or her losing money, so the thing here is that knowledge is the main thing to manage the risk because you can’t avoid the risk; you must take it if you really want to trade. However, trading takes a lot of time before you become an expert, and you can’t do that in a month or a few days.

Although some people are making mistakes if they jump into the market, when they get a little knowledge of how trading operates, which is not favourable to all of them those people are losing more than they are supposed to because they are unable to manage the risk and have done other key things that require fundamental skills and technical analysis.

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Re: Are you new? So stay away from trading.
« Reply #64 on: January 27, 2024, 12:57:18 PM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.
Trading is not easy and no one can make money very easily by trading. I think those who consider trading as an easy money making scheme are completely wrong. Although newbie traders can make money for a short period of time from spot trading but a newbie cannot make money from futures trading he can lose his money in no time. Just as I do not consider trading as an easy money making scheme, I do not consider gambling as an easy means of making money. A trader must be experienced in trading strategies in order to trade. If a trader does not have a trading strategy, a trader will never be successful in trading. One of the trading strategies is to be patient, don't get too greedy, and never trade with emotion.

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Re: Are you new? So stay away from trading.
« Reply #65 on: January 27, 2024, 01:06:50 PM »
Imo newbie should not stay away from trading, because they will never ever learn how to trade then. Impossible to learn without trying. And people are learning duribg their whole life, which means they are always newbies, just some of them are a bit more experienced. What good advice would be, is to not trying to learn to trade with large deposits from very start. This is the moment when amount of deposit does not matter. It is better to get bad experience of loss trades with low balance, then get disappointed from very beginning. And any experience is always better than no experience at all.
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Online SmartGold01

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Re: Are you new? So stay away from trading.
« Reply #66 on: January 27, 2024, 06:31:37 PM »
Trading needs a dedicated person someone who is focused on what he is doing otherwise may not be successful in trading and when trading the best is to start with real account to kill all form of tension and trading fever that comes when trading live account. There some person's who has been trading on Demo but after funding real account they noticed there weren't doing well with their trading skill therefore they go for knowledge and live account to kill fear during trading.

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Re: Are you new? So stay away from trading.
« Reply #66 on: January 27, 2024, 06:31:37 PM »


Offline sampoerna

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Re: Are you new? So stay away from trading.
« Reply #67 on: January 27, 2024, 11:42:53 PM »
Trading needs a dedicated person someone who is focused on what he is doing otherwise may not be successful in trading and when trading the best is to start with real account to kill all form of tension and trading fever that comes when trading live account. There some person's who has been trading on Demo but after funding real account they noticed there weren't doing well with their trading skill therefore they go for knowledge and live account to kill fear during trading.
It cannot be denied that trading is not suitable for newbies who do not yet have sufficient understanding and preparation. Indeed, many people say that pro traders are also newbies. but what kind of newbies are they? Because many newbies ultimately become successful traders because they have prepared quite thoroughly before entering the world of trading. Not only their understanding of crypto, but also the specifics of trading and learning various things related to what is needed in trading. And this also doesn't stop there because there are many other things that must be prepared for trading and becoming a good trader. So, if you're not ready, really prepare first.

Offline MVL~$

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Re: Are you new? So stay away from trading.
« Reply #68 on: January 30, 2024, 11:06:08 AM »
If you are new to trading then your first task must be to gain detailed knowledge about trading. Because most of those who have already benefited from trading may have learned from here first. If you are very interested in trading then look for people you know who have already profited from trading and who have good knowledge about it. Then you can start trading with his advice if you want.

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Re: Are you new? So stay away from trading.
« Reply #69 on: January 30, 2024, 11:15:02 AM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.
I understand that trading is very risky and if newbies do it without proper guidance they are going to lose all their money. We also understand that for you to trade the cryptocurrency market or even the forex market you need to have a deep knowledge of the trading system. Knowledge is more than the basic knowledge of trading because you will need to understand the technical and the fundamental analysis as well as the candlestick analysis.

However, we will not because of the fact that trading is technical or difficult and advise everyone to stay away from trading. What we should advise is for anyone venturing into cryptocurrency trading to be sure that they can handle the emotional stress that is attached to it. If it is something you can handle, then you have the chance to go learn trading very well and make some money from it.
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Re: Are you new? So stay away from trading.
« Reply #70 on: January 31, 2024, 12:50:37 PM »
If you are new to trading then your first task must be to gain detailed knowledge about trading. Because most of those who have already benefited from trading may have learned from here first. If you are very interested in trading then look for people you know who have already profited from trading and who have good knowledge about it. Then you can start trading with his advice if you want.
Trading could be break down into  investment and the other generally termed as trading (inform of forex either crypto or fiat)
i will say all newbies should try both ends
with this they could choose a perfect and most suitable they understand better to do mre often.
also, if they eventaly coudn't cope then they should probably try a long term investment

Offline Gerborant

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Re: Are you new? So stay away from trading.
« Reply #71 on: February 14, 2024, 09:25:29 AM »
Great advice here! Diving into both trading and investing is like testing the waters – find what floats your boat! Understanding the ropes on both ends lets you pick what suits you best. And if the waves get too wild, there's always the safe harbor of long-term investment.

Offline Gladitorcomeback

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Re: Are you new? So stay away from trading.
« Reply #72 on: February 14, 2024, 09:55:00 AM »
Trading is not for beginners and any beginner that is looking to make quick money from crypto should not join trading as a start, it will only make them lose their money and hate crypto for life.
People might misleading your idea, but I understand what you're trying to say. We all have to start from a beginner in trading in order to become an expert in the long run. We can't get the thing we want without starting. Maybe you said that because a lot of newbies in trading were only losing their funds because they don't know what to do to make profit in trading. In other words, they don't have a trading plan.

So, to all the newbies out there who wanted to trade, don't trade right away without a trading plan. Do a demo account, backtest your trades to gain confident, and if you can make profit in your demo account and satisfied, then that's the time you go with real account with only a small amount of margin first.
Trading with demo accounts is actually a very valuable advice for newbies who just want to begin their trading journey. they can start trading with demo funds and learn how to trade once they gain enough knowledge and think they are ready to start actual trade and earn real profit they can  make their first deposit. Even then I still advice them to deposit a small amount first.
There are very few crypto exchange platforms which provide demo accounts, one Good option can be PrimexBT which hold regular contest that can be joined with demo funds and winner gets actual rewards,
I like that because it combines learning and earning together which makes it very attractie to me.
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Re: Are you new? So stay away from trading.
« Reply #73 on: February 14, 2024, 11:35:49 PM »
Great advice here! Diving into both trading and investing is like testing the waters – find what floats your boat! Understanding the ropes on both ends lets you pick what suits you best. And if the waves get too wild, there's always the safe harbor of long-term investment.
If you just use small funds, I think it is no problem to do both trading and investing together.
We don't know which one is more suitable for us. That's why we must try to understand both of them. So, we know which one is very suitable for us.

If it is difficult to understand both, we can learn fist investment. People said that investment should be safer than trading.

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Re: Are you new? So stay away from trading.
« Reply #74 on: February 15, 2024, 02:23:55 PM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.
There is a lot of risk in crypto currency for new traders or investors, moreover, a problem in case of newbies is that they start trading directly from low experience without getting any detailed knowledge about trading and in this case they may face losses. Moreover, those who are new traders do not have the ability to control greed, so they often end up losing instead of making profits when trading. Again, the ability to analyze the market is not usually present in the case of new traders, in this case they are also at risk of loss.
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