Don't be in a Rush

[Thyplaymaker]

Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .

so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.

[KingsDen]

There is always an advice and they have always been an advice, the problem is that will the people involve embrace the advice? Even if they decide to embrace the advice on their own, will greed allow them? Most people that joins the trading bandwagon just because Peter my friend did it and was successful, I will also do it and be successful. Afterall, I am smarter than him. This is not all about smart, do you know how far Peter is ahead of you in knowledge of trading?

[Findingnemo]

Futures, leverage and options are not really for beginners and in my opinion should not be attempted at all.

You should take risks only with your money so that you can have better control over your emotions cause there is no added pressure behind your back that will push you to make wrong moves.

As a beginner you can try spot trading with safe pairs like BTC/USDT in mid term.

[ScamViruS]

Trading is all professional game, skill is very important. When a trader starts trading without trading knowledge, he risks his capital and at some point he loses his capital and leaves the market. Futures trading is most dangerous for a new trader, even many experienced traders avoid futures trading. Traders must develop trading skills before starting trading to protect their funds from major losses. A new trader should always trade in major pairs, so as not to panic and lose due to excessive volatility, risk management will allow a trader to try to keep funds safe even in bad conditions.

[Charles-Tim]

But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.

Future trading is very risky. The good traders are using 1x leverage or below. But some traders prefer to use high leverage, making the liquidation price of their trading asset to become closer to the market price and that is one of the reasons some traders are losing in trading. Even spot trading is not for everyone. There are some people that will trade spot and see themselves continue in losses. Holding can be better.

[Jating]

Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .

Right, we can partly blame the media for this. I mean it was portray by this so called influencer that crypto trading is easy and that they could make a lot of a money in the quickest time. And so it's going to be a rude awakening for this news and they can't get out of it because they put to much capital and the only way to get out is to suffer a lost.

so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.

Yes, just learn and take it slow in the beginning, educate yourself and remember to have patience as well. Don't go on future trading in the beginning, there is a big risk involved. Just do the regular trade and see how it goes. If you find it tiring and you are not making money then maybe trading is not for you.

[debra]

so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk

For people who have no enough knowledge in trading, I even suggest to learn first. No need to hurry for trading coins, it is a careless way to try luck in trading. Spot trading also requires sufficient knowledge, it is not for a zero knowledge people. But future trading is not for average traders, even if someone has sufficient knowledge, it is not recommended to try future trading. I think it is just for experienced or professional traders only.

[BitMaxz]

There's a difference between futures Greed and fear is a very bad thing on futures if you don't have good risk management you will end up losing a huge amount and in spot trading, you need to be patient as it requires time and you can only make a profit on surge price unlike futures you can also make a profit in declines.
What I could only suggest if you are going to future trading don't invest much always put a position with small risk and low leverage to avoid losing much.

[Thyplaymaker]

There is always an advice and they have always been an advice, the problem is that will the people involve embrace the advice? Even if they decide to embrace the advice on their own, will greed allow them? Most people that joins the trading bandwagon just because Peter my friend did it and was successful, I will also do it and be successful. Afterall, I am smarter than him. This is not all about smart, do you know how far Peter is ahead of you in knowledge of trading?

Exactly, back the I myself actually knew that greed would lead to losses but still let it get the best of me, but now I can manage my emotions when it comes to stuff like this after going through alot of losses caused by lack of emotional and risk management. Well as they say experience is the best teacher is experience and it endup teaching me well but in a strict way . That why as a newbie you have to learn from others, so that you can be able to learn from others mistakes, and this forum as made it easier for newbies to learn from knowledgeable individuals here.

But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.

Future trading is very risky. The good traders are using 1x leverage or below. But some traders prefer to use high leverage, making the liquidation price of their trading asset to become closer to the market price and that is one of the reasons some traders are losing in trading. Even spot trading is not for everyone. There are some people that will trade spot and see themselves continue in losses. Holding can be better.

Most people that use higher leverages are those that don't have alot of trading funds, so inorder for them to make much or bigger profit quick they would let greed to get the best of them, which will lead them in using high leverages. That may endup getting them liquidated. While Someone that's financially stable can trade with a huge amount of money while using a leverage as low as ×1 , and would still endup with some good profit if the market move his way.

That's true spot trading is not fir everyone, a friend of mine back then was a spot trader , whom mostly trade all kind of altcoins and shitcoins. And at then he didn't have much knowledge about trading and at same time lacks the habit of always researching, so he will just go about trading all kinds of random coins and any time there's a slight dip in market he would quickly sell in losses due to panicky and he continues like that till he discovered that he was not progressing in his trading , so I managed to convince him ( because of the bullrun into holding now and his holding is doing a good job for him in the profit aspects due to the recent surge in market in the past months.

so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk

For people who have no enough knowledge in trading, I even suggest to learn first. No need to hurry for trading coins, it is a careless way to try luck in trading. Spot trading also requires sufficient knowledge, it is not for a zero knowledge people. But future trading is not for average traders, even if someone has sufficient knowledge, it is not recommended to try future trading. I think it is just for experienced or professional traders only.

Is true because going to future trading without any proper knowledge Is like one gambling with his money. Even some pro are Still finding it difficult.

[Litzki1990]

Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move .

so if you don't have good knowledge about trading please focus more on spot trading instead, because as time goes on your trading skills would increased with minimise risk . And also no matter the dip , aslong the coin you trading is well known and nice , it would surely recover from that dip and you may endup with good profit if you are patient enough. But if it was future trading, the dip may endup triggering your liquidation and your trading cash may endup liquidated.

If we continue to do any work with excessive haste, but the result of that work will never be good. Every work needs proper planning and it is very important to do the work gradually according to proper planning. If we are in a hurry to do something, we will definitely take a shortcut to do it, and whenever we take a shortcut in an important task, it will be seen that we will not be able to do the job perfectly. It is necessary to be patient enough in buying any coin, if we buy any coin after seeing that the market has dumped a bit then it will definitely be a wrong decision for us. There has been some dumping in the market, maybe that dumping will be bigger in that case if we buy at that time instead of waiting, but we will be affected in the beginning.

[jeraldskie11]

We are all here because we want to earn money, but the mindset of getting rich quick that's why we're here can lure us to become liquidity in the market. This also means that you have a poor mindset and you are being in-controlled by your emotion which is the very thing you have to avoid when you are investing or trading in crypto. So if you feel like you have a problem with this kind of stuff, you should have to fix your mindset first and learn to manage your emotion before you start trading.

[hugeblack]

This is not the problem, but rather saying that trading is easy and everyone can earn thousands of dollars from it without a financial background or even knowledge of the basics of trading, and when it does not work, there are trading experts who can make thousands of dollars for you.

[bayu7adi]

This is good advice, because it often happens to those who are curious about the level of difficulty of trading to make a lot of money. We all don't realize that buying and selling activities look very easy for other people, but that doesn't necessarily mean it's easy for us either. Futures trading and spot trading still require skills to be able to gain a profit in every activity. I myself have been a person who hastily made decisions and it took away my wealth in an instant. From there I began to realize that skills are still needed to be able to make a profit when trading is our focus.

[Thyplaymaker]

This is not the problem, but rather saying that trading is easy and everyone can earn thousands of dollars from it without a financial background or even knowledge of the basics of trading, and when it does not work, there are trading experts who can make thousands of dollars for you.

That's true , most time alot of people will just belike you buy when the price is low and sell when the price is high  as easy like that, without telling The individual the risk attached in trading expecially as an individual with no proper knowledge about it , such misleading as lead alot of people to the state of being rekt.

[Gladitorcomeback]

Now and days alot of people have this mindset that trading is get rich quick scheme, which shouldn't be like that . I have seen alot of cases where newbies or individual with half-size knowledge about this space jumping into trading without any proper knowledge, some even go further starting with future trading, with the sole aim to make alot of profit fast .which is actually wrong , because you may endup making countless losses with such move.

I feel it's partly the mistake of newbies because the other half is influenced by these so-called influencers and whoever posts their success story over social media or through edited videos on YouTube or other channels where these newbies watch and see them and start building dreams in their minds because they start feeling like they can also achieve the same results shown by those people over the internet.

That being said, it's true that someone who is newly getting into the market should first do their best to gain as much knowledge as they can about everything including the market, essential trading practices, best cryptocurrencies that they will trade, and risk-management techniques.