Some few tips in trading.

[Mr. Allcrypto]

Yes I agree with you for all the points way you talk, most especially for the number 5 point, that one na catch my attention pass, nothing like I din learn trading finish, learning continues so you just gats to keep on for the trading practice do that your hand sef go strong. Thank God for the demo accounts them way dey sef, instead of to dey use your real money dey learn you fit dey use the demo account for the learning to some extent before you go start with your real money to ensure say you nor go throw away all your money.
Make your own research too o, we get different platforms wey you fit maie research about trading...

[Agbe]

I would like to add one more

If you are a newbie i suggest you start with a demo account to get to know the basics of the world of trading and also following and seeking mentorship from accomplished trader even if some you have to pay for but as the saying goes you use money to get money, buying their books and listening to their tutorials will we helpful

Yes this is very important because it shows you how to navigate the market and gives you a little experience but the down side to a demo account is that newbies get to comfortable with it thinking that those profits made there can be easily replicated on a live account, without doing proper analysis they just dive into trading and they end up blowing their account. A demo account is just for you to get used to the system it's not meant for you to copy trading strategies whatsoever. Just it because that system worked on a demo account it doesn't mean it will work on a live account

[Bhigdaddyjr]

Ma people I greet oh!
Just say make I drop some tips make I still they use in trading. If you follow this tips might fit help you to reduce losses. The following tips are:

1.Before you start make sure say you don first do your own personal research about trading.

2. Make sure better funds dey  available, and nah something you go fit risk to lose. Even though u go fit risk am still use 1% of the cash till your hand don strong. To avoid losing all funds

3. Ehn ehn nor be everytime you go dey trade oh try dey discipline your self. Before u jump enter any market first read the coin o because some times news dey affect market (market sentiment)

4.Anytime you dey in good profit nor let greed get best of u quickly sell 50% first to be in a safer side. And nor dey let your stop loss dey pass almost --20% of your funds you traded at that moment

5.  dem nor they learn trading finish so focus more on gathering good knowledge too.


Wish you'll the best.

But what if I don’t have enough funds to start trading like you know many are not buoyant . Maybe I fit get like 100$ to 150$ i fit use am start trading at least we this little money I know I can afford to loss it .
But I heard the more your capital is big the more earnings you make but with this little amount of mine I can start trading right . I have been studying the market for some time now .

[Agbe]

The thing wey you talk here na true most especially the part wey you mention greed, some profit get much profit but greedy go wan make them do more and at the end e fit end in loss na why selling atleast 50% profit is better to be at the safer side na you try pass my broda with this tips say you bring cum here.

This is one problem that some traders have, you can't always make a 100 percent Profit from your trades, you must understand that the financial market has a lot of unexpected outcomes but with proper analysis and efficient risk management you can mitigate your losses, some traders always try to make a hundred percent even when the market isn't really stable. Learn to take profit even if it's just 40 percent, it's better than taking more risks that would eventually blow up your trading account .

[Mia Chloe]

Some Influencer on the internet pretend to be trading experts and they share fake trading signal and also as newbies to subscribe to their VIP channel before they can get best trading signals but all that are just a plot to steal money from victims.

There are a couple of real premium groups out there that give out trading signals however I'm not and will never be a fan of copy trading. It really doesn't help or improve you are a trader copying signals to understanding market dynamics better or even technical analysis. All they literally do Is press either buy or sell them exit the market at either profit or loss with knowing the reasons.
In addition to this almost no real expert trader will share his signals for free or teach core important analysis for free

All those talk about being rich in a short period of time if one starts trading is only a means to try to make newbies buy their course or register in their so called signal groups.
No legit or professional trader will ever tell you that “trading is easy” all you’ll get from them is that you need dedication to be able to trade well and that you should get rid of the “get rich” mindset if you want to succeed in this field.

One first thing to do when trading is to also hone your skills alongside your psychology because trading isn't easy. If it were easy every newbie trader will make a ton of money within the blink of an eye.

[Dr.Bitcoin_Strange]

Some Influencer on the internet pretend to be trading experts and they share fake trading signal and also as newbies to subscribe to their VIP channel before they can get best trading signals but all that are just a plot to steal money from victims.

There are a couple of real premium groups out there that give out trading signals however I'm not and will never be a fan of copy trading. It really doesn't help or improve you are a trader copying signals to understanding market dynamics better or even technical analysis. All they literally do Is press either buy or sell them exit the market at either profit or loss with knowing the reasons.
In addition to this almost no real expert trader will share his signals for free or teach core important analysis for free

Well you know what they say, nothing good come easy, it’s true that there are actually people who offer legit trading signals but they don’t come as easily as the ones that are currently flooding the industry. Since the real signals are not rampant, scammers takes advantage of the situation and since they know  that people are actually looking for cheap or free signals cos they’re unable to afford the real ones, they pose as real traders selling real signals.

[Mia Chloe]

Well you know what they say, nothing good come easy, it’s true that there are actually people who offer legit trading signals but they don’t come as easily as the ones that are currently flooding the industry. Since the real signals are not rampant, scammers takes advantage of the situation and since they know  that people are actually looking for cheap or free signals cos they’re unable to afford the real ones, they pose as real traders selling real signals.

Yeah you actually have a point. Of course it's the internet and therefore there will always be scammers and fraudsters out there. That's pretty much the reason why there are a lot of trading groups out there some claim to be giving out free signals for people to copy potential trade while some others claim to be teaching people technical analysis of the market and market dynamics.

I've seen a telegram channel sometime ago of a big crypto trader in Nigeria who actually gives out free signals and his is really legit. I don't want to mention his name though he's quite popular and most crypto traders in Nigeria know him. His signals a good but I still prefer personal analysis because capital is what moves the market.

[Dr.Bitcoin_Strange]

I've seen a telegram channel sometime ago of a big crypto trader in Nigeria who actually gives out free signals and his is really legit. I don't want to mention his name though he's quite popular and most crypto traders in Nigeria know him. His signals a good but I still prefer personal analysis because capital is what moves the market.

Yeah for those who are able to pay attention to the market and carefully make use of the various analytical tools to predict the potential outcome of the market, then yes personal analysis is a lot more better than depending on someone else's trades and analysis. But for the purpose of those who are relatively new to the market and are yet to fully understand the market dynamics, it'll be a totally bad idea to advise them to attempt trading on their own, it'll be more appropriate to seek support from professionals, either through copying their trades or using their analysis to improve their knowledge in trading.

[Mia Chloe]

Yeah for those who are able to pay attention to the market and carefully make use of the various analytical tools to predict the potential outcome of the market, then yes personal analysis is a lot more better than depending on someone else's trades and analysis. But for the purpose of those who are relatively new to the market and are yet to fully understand the market dynamics, it'll be a totally bad idea to advise them to attempt trading on their own, it'll be more appropriate to seek support from professionals, either through copying their trades or using their analysis to improve their knowledge in trading.

The fact is I wouldn't really blame a lot of copy traders out there because the outright truth is that the market isn't easy and straightforward like some online adverts put it to be like. The market is full of manipulations and many other factors that could make a trade go sideways or even invalidate your analysis.

At first as a Newbie trader you can easily get discouraged when you lose a lot of trades especially when the market totally invalidates your analysis and the chart progresses in the opposite direction, or when you take a trade and exit because you were scared it already got invalidated and you exit then the trade ends up progressing in the initial direction you predicted.

[Celph]

Personally...
While trading,e dey advisable may u never ever allow greed to overcome you, base on say if u allow  greed overcome you,huge losses fit dey certain.Also,studying the market well before making trade decision dey really essential,no make any kind trade decision base on say one person do am,make quick findidngs cause tine waits for no man,consider how these decisions go affect you.
Good evening my people.

[Rruchi man]

But for the purpose of those who are relatively new to the market and are yet to fully understand the market dynamics, it'll be a totally bad idea to advise them to attempt trading on their own, it'll be more appropriate to seek support from professionals, either through copying their trades or using their analysis to improve their knowledge in trading.

I feel like any trader that is new to trading and has the intention to copy the trade of another person does not have the plan to become an independent trader because copying the trade of someone and trying to make profits too early in trading can give the illusion of trading as something easy, making a trader no longer give time into self development.

At first as a Newbie trader you can easily get discouraged when you lose a lot of trades especially when the market totally invalidates your analysis and the chart progresses in the opposite direction,

If you are new to trading, you have to understand that losing is part of the learning process, so you shouldn't get discouraged about it.

or when you take a trade and exit because you were scared it already got invalidated and you exit then the trade ends up progressing in the initial direction you predicted.

If you lost in a trade because you were scared, then you need to practice and work on your psychology because it shows that your psychology is weak.

[Agbe]

Personally...
While trading,e dey advisable may u never ever allow greed to overcome you, base on say if u allow  greed overcome you,huge losses fit dey certain.Also,studying the market well before making trade decision dey really essential,no make any kind trade decision base on say one person do am,make quick findidngs cause tine waits for no man,consider how these decisions go affect you.
Good evening my people.

I give you 1+ to encourage you for more participation. What you said is very correct any trader that is motivated by greed will.lose everything so the best way is to take the small profit gotten from the trade and if they want to keep the trade to maximise their profit then they should also prepare to lose more because trading is unpredictable and it can speedily reduce to zero at any second. Knowing when to enter and when to stop is also very much important.

[Hatchy]

It's one of the main reasons why I advice any new trader to avoid most success trade videos on social medias. Sometimes they just keep posting their winning trades and never have they show us how much they had lose in the market. Trading is not an inch as easy as they try to make it. There's a trader on YouTube whose video keeps popping out on my phone. He always claims he has some new strategy that can make you $1k in less than 15min.

All these are just to grow his community and make money from those who will also want to be greedy to fall for such. The market isn't guaranteed and a real trader will tell you that you can still experience losses with the best strategy. You just have to minimize your risk that's what matters.

[Dr.Bitcoin_Strange]

But for the purpose of those who are relatively new to the market and are yet to fully understand the market dynamics, it'll be a totally bad idea to advise them to attempt trading on their own, it'll be more appropriate to seek support from professionals, either through copying their trades or using their analysis to improve their knowledge in trading.

I feel like any trader that is new to trading and has the intention to copy the trade of another person does not have the plan to become an independent trader because copying the trade of someone and trying to make profits too early in trading can give the illusion of trading as something easy, making a trader no longer give time into self development.

And who said copying the trades of others is an easy and risk free thing. Even copy trading has its own underlying financial risks as well as its own lessons to teach a novice trader. I have a friend who started off his journey in the trading sphere by copying the trades of other professional traders, although wasn’t as hard as trading on your own, but it had almost the same results because he still encountered losses and profits too. And in addition, through copying the trades of others, he was able t learn a few things about trading, like the importance of risk management and other important aspects of trading, and before he new it, it gave him an insight of how the market operates and then he began his personal researches and education about trading, and today, he’s doing well, trading on his own.

[Mia Chloe]

I give you 1+ to encourage you for more participation. What you said is very correct any trader that is motivated by greed will.lose everything so the best way is to take the small profit gotten from the trade and if they want to keep the trade to maximise their profit then they should also prepare to lose more because trading is unpredictable and it can speedily reduce to zero at any second. Knowing when to enter and when to stop is also very much important.

That brings. About another misconception most newbie traders usually make in intense situations which makes them end up losing a trade. In trading there is a core difference between GREED and RISK. The problem is when you misinterpret them both you'll lose more often.

Well let me cite an example. Say you are a trader and you ender a trade and then you are mid way between the completion of the trend according to your prediction and analysis and then you spot an invalidation of your analysis which suggests the opposite trend sooner. If you should still stay in such trade without at least securing your profit then that's greed. However staying in a trend and bearing a retest without any invalidation can be viewed as RISK.