Are you new? So stay away from trading.

[hair]

Exactly. You need to learn a lot if you want to trade and get maximum profit.
Advice for beginners, it's best to just become a holder or use auto-investment on Binance rather than trading without any knowledge.

[I-Bit]

Exactly. You need to learn a lot if you want to trade and get maximum profit.
Advice for beginners, it's best to just become a holder or use automatic investment on Binance rather than trading without any knowledge.

Indeed. We only can understand how to trade properly if we learn a lot. It is not only about optimizing the chance for profits, it is also the way to minimize the losses. It is always suggested to learn first before we do trading, having good knowledge is crucial in trading.

Anyway, what do you mean with automatic investment? 

[examplens]

Maybe you won't believe it, but every trader, even the best ones, was new and beginners at some point. It is certainly understandable that there are losses during the learning period, but it is a process. The most important thing is to be aware of your abilities and not to overestimate them, so you will certainly not have losses beyond the permissible limit.

Anyway, what do you mean with automatic investment? 

Automatic investment will not overcome the lack of knowledge, on the contrary, even worse. If mistakes happen, it is much more difficult to recognize where the mistake happened. Automation tools, only if you make it yourself according to yourself and your habits/needs.

[tbct_mt2]

Maybe you won't believe it, but every trader, even the best ones, was new and beginners at some point. It is certainly understandable that there are losses during the learning period, but it is a process. The most important thing is to be aware of your abilities and not to overestimate them, so you will certainly not have losses beyond the permissible limit.

Because all traders get loss with trading at some points, the point is don't use all capital for trading because if you make a bad trade, and lose all or most of the capital, it is very terrible.

With newbies, they have to consider that they accept loss from trading as their learning fee which should be acceptable and definitely not all of money they have.

They can afford to lose like less than 5% of their capital for trading and trading learning fee. But with that 5%, they must use it like 0.5% or 1% for each trade round. They can use this 5% capital for like 5 or 10 rounds of trading and learning.
It will take them a lot of time and learning fee to understand the market, control themselves better in trading.

[hair]

Indeed. We only can understand how to trade properly if we learn a lot. It is not only about optimizing the chance for profits, it is also the way to minimize the losses. It is always suggested to learn first before we do trading, having good knowledge is crucial in trading.

Anyway, what do you mean with automatic investment? 

The problem is that many beginners want to make profits quickly without learning the basics of trading. I read a post on Instagram about trading with an installment system (buy little by little). I think it can also be applied to beginners to avoid losses

sorry mate I mean auto-investment 

[Asiska02]

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 something you can just jump into without having a lot of knowledge about it. If you’re attracted to trading and the money those that trade makes from trading, you’ll miss out big time on learning the basics and fundamentals that will guide you throughout your journey. There is no gain without sacrifice, you just have to sacrifice for it and learn a lot before you’ll start earning like others. When comparing trading to gambling, I think gambling is just a game of luck while trading is not much of luck as people see it but also knowing the fundamental and technical analysis is important to make it in trading.

[KingsDen]

I am not new to this thread. But I am new in trading. Whenever I tried to start, I faced losses. That's why I am thinking that I should first get complete information about it and only then start it.

Even after you got full information about trading, you still need to check whether trading is for you or not. It is not everyone that has good information about trading that profits from it. Some has other problems as impatient, emotions disorder, lack of financial management. The real matters is that trading is not for everyone. When I was new I have tried trading myself and when I realised trading wasn't for me, I stopped trading and regained my sanity and happiness.

[EluguHcman]

If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. t to new crypto users.

For anyone to take trading for granted then it means trading was never meant for the person else you ends up counting losts after losts.
There is no tolerance after induging on trading unless it is the ability to stay unpanic at when the market goes Contrarily biased against your will and not your lack of attentive perceptions to staying tuned on your trades.
If really you want to make valuable profits on the cost of your trading engagement, then you must be serious and never take your source of income for granted.

[Stompix]

Maybe you won't believe it, but every trader, even the best ones, was new and beginners at some point.

Of course they were that's why this advice it's a bit weird! 

How to you stop being a beginner in something if you never start doing it in the first place?
Everyone is a beginner in something, trader, gambler, nurse, construction worker, astronaut you name it, everyone had a time where he had no experience but he tried it.
Imagine how the world would look if we make a rule like nobody who hasn't operated on a human before is allowed to operate on one, in 40 years from now there will be guy able to do a surgical interventions!

A more down to earth advice would be to not try to trade more than coffee or cigarettes money while you still don't know what you're actually doing, but keeping away from trading completely will make you one forever newbie!

[Cryptsafe]

Ideally, one can not just jump into trading without getting the basic fundamentals and principles of trading. Doing that alone is more or less a suicide mission because you will burn  your funds to the least till you have nothing.
Beginners are always advised to take time learn and practice because trading is not a day act whereby one can just wake up and begin practising when you have no fundamental knowledge of how it works. Reading and watching of trading tutorials could help a beginner.
For a start, it is not advisable to trade with big funds but rather little funds that if you lose them, you will have nothing to worry about because you are yet to perfect your skills.

[alltalk]

The problem is that many beginners want to make profits quickly without learning the basics of trading. I read a post on Instagram about trading with an installment system (buy little by little). I think it can also be applied to beginners to avoid losses

Those beginners who expect for instant profits probably don't understand how crypto trading/investment works. They may be influenced by other people who told them about earning easy profits from crypto trading/investment. And those beginners expect to get the same luck as them, they don't know that there is no instant profits in crypto. Sure, everything needs certain process, learning is a part of the process. If they trade/invest without good knowledge, probably will end up with losses.

Regarding using a little funds, it is good way to avoid severe losses during learning. If we are still in the beginning step of the process, we don't hurry to use big funds.

[Jamal Aezaz]

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 agree that trading need some sort of knowledge without knowledge most of newbies lost money. I think demo trading is perfect thing for learning. We could learn money management,risk and other important basics of trading there by using free money. Trading is something which could be learned fast by start from real money but at the beginning we have to start from very small fund and when we learned then we can start full trading.

[hair]

Those beginners who expect for instant profits probably don't understand how crypto trading/investment works. They may be influenced by other people who told them about earning easy profits from crypto trading/investment. And those beginners expect to get the same luck as them, they don't know that there is no instant profits in crypto. Sure, everything needs certain process, learning is a part of the process. If they trade/invest without good knowledge, probably will end up with losses.

I think they need a guide from someone who invited them to trade, sometimes they see an advertisement on social media and then invest. so we can't blame them because of this case. maybe if I'm a beginner, I will do same thing.
If they have a deep curiosity about trading, they will be the winner. knowledge and experiences are good things they needed

[Dr.Bitcoin_Strange]

They may be influenced by other people who told them about earning easy profits from crypto trading/investment. And those beginners expect to get the same luck as them, they don't know that there is no instant profits in crypto.

You are right @alltalk, most new traders have misconception about trading because of stories they might have heard from their friends or some content they read on the internet or video that they watch. Some people thinks that trading is very easy, so they just jump into into without learning the basics and also developing some skills for themselves that will help them to make profit.

[Syedbesharat]

Trading crypto isn't easy; it demands practice, time, and skill. Newcomers often overlook its complexities, risking losses. Learning technical analysis, risk management, and staying disciplined is crucial. Starting small, using demo accounts, and seeking guidance are vital. Patience and ongoing learning are key to success in this volatile space.