Are you new? So stay away from trading.

[UNIVERSE]

Trading is very broad and goes beyond just learning but you must be good in technical analysis, fundamental analysis and you must also know how to read charrs to guide you on how to go about a trade. Trading is not a guess work but needs time and resources for you to be able to learn and improve yourself in order for you to benefit from the market, otherwise you will run at loss. It os always good that you control your emotions easily by trading with little amount.

Yes, besides someone needs to have good knowledge on fundamental and technical analysis, he also needs to have good mentality. If someone doesn't have good mentality or he can't control emotion, he won't succeed in trading. There will be too many challenges in trading, the market trend sometimes easily changes. And we may face some unexpected things. In this situation, we must have good mentality to deal with the situation.

Learning is a very crucial part in trading. That's why many people suggested to learn first before we start trading. Without learning well, it is impossible to gain good knowledge, proper ability, and great skills.

[bounceback]

Yes, besides someone needs to have good knowledge on fundamental and technical analysis, he also needs to have good mentality. If someone doesn't have good mentality or he can't control emotion, he won't succeed in trading. There will be too many challenges in trading, the market trend sometimes easily changes. And we may face some unexpected things. In this situation, we must have good mentality to deal with the situation.

Learning is a very crucial part in trading. That's why many people suggested to learn first before we start trading. Without learning well, it is impossible to gain good knowledge, proper ability, and great skills.

Its must required in trading, not only how smart make analyze or knowledge having but also very important how can manage good mentality. Many trader or investor can't manage well their mentality and got frustrated when their assets dropped price, to be success in trading control the emotion, not greedy and many aspect from mentality needed beside have been smart make researching.

Having skill and know right time for investing balance with good mentality I think easily to be success in trading and not have to scare or avoid with loss from investing in the future.

[bayu7adi]

Looks easy, doesn't mean it's easy to do.. sometimes seeing something that has been successfully done by others, it seems like we are able to imitate it... even though behind all that there is a formula that we all don't even know...
never forbids every newbie to start trading, but what needs to be emphasized is never to think of trading as something easy to do even though we have never dived too deep into that space.
it takes longer to learn than you imagine to be able to continue to exist in the world of trading, especially if it is daily trading.

[Mia Chloe]

True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.

That's quite true. Newbies don't really have to stay away from trading simply because it can be quite difficult sometimes. However the problem is only a few newbies out there are ready to really learn to whole concept of crypto trading before diving in to try making some profits. Many newbies are blinded by the greed to make profits as quick as possible that's why many of them end up losing their funds just because of insufficient knowledge.

The more newbies study the faster they progress and of course before they know it they become an expert instead of a newbie it's all about understanding and not everyone has the patience to study and understand properly. The fact is every expert was once a newbie too what differentiates them is mainly knowledge.

[MrSpasybo]

Looks easy, doesn't mean it's easy to do.. sometimes seeing something that has been successfully done by others, it seems like we are able to imitate it... even though behind all that there is a formula that we all don't even know...
never forbids every newbie to start trading, but what needs to be emphasized is never to think of trading as something easy to do even though we have never dived too deep into that space.
it takes longer to learn than you imagine to be able to continue to exist in the world of trading, especially if it is daily trading.

I believe the most straightforward way to enter the crypto market is through trading, rather than becoming project developers, KOLs, or OTC service providers. The majority of investors buy and sell tokens, regardless of whether they hold them for a day or the entire cycle, they are all traders.

I don't think we can advise someone against trading, as that would mean discouraging them from investing in crypto. In fact, trading could be the most sustainable profession in the financial market, given the presence of traders in various markets such as stocks and commodities. I simply hope that newcomers equip themselves with knowledge and experience before diving into this market. If they want to try trading, a demo account is always a wise and safe choice for beginners.

[laijsica]

True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.

That's quite true. Newbies don't really have to stay away from trading simply because it can be quite difficult sometimes. However the problem is only a few newbies out there are ready to really learn to whole concept of crypto trading before diving in to try making some profits. Many newbies are blinded by the greed to make profits as quick as possible that's why many of them end up losing their funds just because of insufficient knowledge.

The more newbies study the faster they progress and of course before they know it they become an expert instead of a newbie it's all about understanding and not everyone has the patience to study and understand properly. The fact is every expert was once a newbie too what differentiates them is mainly knowledge.

Your every word is very valuable. A novice investor will develop into an experienced investor in the future. They will continue to lose money or sometimes make profits to mature themselves and the normal process will continue between trading. A novice investor should initially stay in buying mode and wait to get a decent portfolio to prove himself mature at every level by observing and researching market movements.

Those who tend to get rich in a short period of time are more at risk of losing capital in investing. They should understand that patience is the main driving force for a successful investor.

[Hyphen(-)]

and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.

if you are a beginner i do not think margin trading is the best option for you it's incredibly risky and might just leave you in debt at the end of it all

True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.

There is more profit indeed, but the risk is the main point here because most newbies in trading are just looking after their role model, they will always assume everything to go perfectly, not knowing its not like that always. That's why learning is very important before starting your trading journey.
Some newbies in this forum are not new to crypto trading, they come here to relate and discuss with their fellow traders because this is a professional forum that accommodates any good discussion relating to cryptocurrency. The only thing we should know is that, no risk, no gain; therefore, if you take the risk to trade, you will gain your reward.

[Sim_card]

Looks easy, doesn't mean it's easy to do.. sometimes seeing something that has been successfully done by others, it seems like we are able to imitate it... even though behind all that there is a formula that we all don't even know...
never forbids every newbie to start trading, but what needs to be emphasized is never to think of trading as something easy to do even though we have never dived too deep into that space.
it takes longer to learn than you imagine to be able to continue to exist in the world of trading, especially if it is daily trading.

I believe the most straightforward way to enter the crypto market is through trading, rather than becoming project developers, KOLs, or OTC service providers. The majority of investors buy and sell tokens, regardless of whether they hold them for a day or the entire cycle, they are all traders.

I don't think we can advise someone against trading, as that would mean discouraging them from investing in crypto. In fact, trading could be the most sustainable profession in the financial market, given the presence of traders in various markets such as stocks and commodities. I simply hope that newcomers equip themselves with knowledge and experience before diving into this market. If they want to try trading, a demo account is always a wise and safe choice for beginners.

I agree with you that a demo account is good for newcomers to use to learn about trading but that will only be the basics of trading because trading is very complex and goes beyond using demo account to have experience in the market. Learning trading should be done with real trading account because what you learn with demo account will be different from what you will see in the market when trading with real account. It is better for any beginner that wants to learn trading and have more experience in the market to only trade with very little amount that will not affect his emotions for proper knowledge with consistency.

[bhadz]

Having skill and know right time for investing balance with good mentality I think easily to be success in trading and not have to scare or avoid with loss from investing in the future.

It's not that as easy as you think. Even the skilled traders doesn't have a good day everyday in trading. Success is subjective and if there are traders that can make it as their sole source of income, they really are skilled traders. But it doesn't mean that they're always winners. Aside from knowing when to buy and having good mentality, controlling their emotion and as well as the attitude that they apply to the market can make someone a good trader.

[AndreasMccann]

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.

[laijsica]

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.

Most of the investors expect too much profit in the beginning which is a big wrong decision in investing. In the beginning you should withdraw yourself from the tendency to get profit. In the second step, tend to deposit consistently at regular intervals and strive for a decent holding. When you follow this process for long term you will have abundance of wealth and at that time you can choose trading.

[Report]

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.

Currently I am still learning here at altcoinstalks and I still don't dare to buy cryptocurrency on markets like OKEx or Binance. As you said and also my friend, learning cryptocurrency takes years and it also has to be serious to learn. But I am also curious because I am sure that one day I will also learn about cryptocurrency trading including Spot, Margin, Option or Future trading.

[Publictalk792]

I believe the most straightforward way to enter the crypto market is through trading, rather than becoming project developers, KOLs, or OTC service providers. The majority of investors buy and sell tokens, regardless of whether they hold them for a day or the entire cycle, they are all traders.

I don't think we can advise someone against trading, as that would mean discouraging them from investing in crypto. In fact, trading could be the most sustainable profession in the financial market, given the presence of traders in various markets such as stocks and commodities. I simply hope that newcomers equip themselves with knowledge and experience before diving into this market. If they want to try trading, a demo account is always a wise and safe choice for beginners.

Trading is easiest way to start investing in cryptocurrencies. It is how most people buy and sell digital coins. Trading can be good career just like trading stocks or goods. But I think newcomers should learn and practice first. A demo account is safe way for beginners to try trading learn from mistakes and create strategies. This helps them make smart decisions and avoid big losses and earn more money in unpredictable crypto market.

[Doovla]

Working honestly, carefully, and patiently in the crypto world will lead you to positive results. For that, it is considered that you should not be quick in everything you start, but rather decide on your research and inquiry and mutual sharing of experience. This is how it should look when you use a stake in some project. Betting is rarely profitable.

[laijsica]

Working honestly, carefully, and patiently in the crypto world will lead you to positive results. For that, it is considered that you should not be quick in everything you start, but rather decide on your research and inquiry and mutual sharing of experience. This is how it should look when you use a stake in some project. Betting is rarely profitable.

It is very important that an investor should refrain from taking too hasty decisions and take the right decision after reviewing the market conditions. A novice investor should start with steady accumulation from his discretionary income and stick to the long term trend. An investor should tend to continuously accumulate cryptos until his portfolio is of a decent size so that he can opt for short-term trading at a later stage.