As a beginner, stay away from trading and focus more on holding Bitcoin

[Dr.Bitcoin_Strange]

It's better for a newbie not to think of going into anu kind of trading only if he is buying because he has no idea of the market and will definitely make wrong decisions that willput him at loss. I call such people that are trading without the proper knowledge as gamblers because only luck can bring profit for them.

Just like I said in my previous post, trading comes with lots of complications and can involve lots of complexity and not everyone in the space really understands the risks involved before entering, which results to losses. Trading should be for those who really understand the risks involved in trading, that have the self control to take calculated decisions without greed or fear.

[albon]

It's better for a newbie not to think of going into anu kind of trading only if he is buying because he has no idea of the market and will definitely make wrong decisions that willput him at loss. I call such people that are trading without the proper knowledge as gamblers because only luck can bring profit for them.

Just like I said in my previous post, trading comes with lots of complications and can involve lots of complexity and not everyone in the space really understands the risks involved before entering, which results to losses. Trading should be for those who really understand the risks involved in trading, that have the self control to take calculated decisions without greed or fear.

A strategy is especially important for a newbie crypto trader because it gives the trader a framework on which to base their trades. This is very important as it helps the trader to avoid unnecessary decisions in an unpredictable market. Trading is a powerful strategy to generate profits for dependable and shot time. Also there is no one size fits all trading strategy for every crypto trader. Each trader must determine what works best for them. Traders who note the results of their trades will find it easier to identify which strategies are successful and should be adopted. Once one can become a smart trader then he can make daily profit from crypto.

[taufik123]

Just like I said in my previous post, trading comes with lots of complications and can involve lots of complexity and not everyone in the space really understands the risks involved before entering, which results to losses. Trading should be for those who really understand the risks involved in trading, that have the self control to take calculated decisions without greed or fear.

And more ways are done such as doing technical and fundamental analysis and of course that knowledge cannot be mastered instantly.
Basic analysis is necessary to be able to do it, because without basic knowledge it is impossible to become a good trader in crypto.

Trading does have many complications, related to knowledge and also trading psychology, if trading psychology is not mastered then it will be very complicated to make a decision and more risks will occur. Greed and fear continue to arise if they do not master technical analysis and they will only make decisions based on feelings.

[Azharul]

It's better for a newbie not to think of going into anu kind of trading only if he is buying because he has no idea of the market and will definitely make wrong decisions that willput him at loss. I call such people that are trading without the proper knowledge as gamblers because only luck can bring profit for them.

Just like I said in my previous post, trading comes with lots of complications and can involve lots of complexity and not everyone in the space really understands the risks involved before entering, which results to losses. Trading should be for those who really understand the risks involved in trading, that have the self control to take calculated decisions without greed or fear.

A strategy is especially important for a newbie crypto trader because it gives the trader a framework on which to base their trades. This is very important as it helps the trader to avoid unnecessary decisions in an unpredictable market. Trading is a powerful strategy to generate profits for dependable and shot time. Also there is no one size fits all trading strategy for every crypto trader. Each trader must determine what works best for them. Traders who note the results of their trades will find it easier to identify which strategies are successful and should be adopted. Once one can become a smart trader then he can make daily profit from crypto.

I think that in this comment, you could explain for difference between trading and holding. So I am also agree with your comment. We know that trading is one of the best profitable source in crypto currency market. But we also know that trading is also very risky for any investors. Because if we can not understand in cryptocurrency market or trading system, then it will be very difficult for us. So we should more focus on investment. So if we select bitcoin for invest, it will be very prefer for us. Because we know that bitcoin price will increase gradually in crypto currency market.

[Dr.Bitcoin_Strange]

A strategy is especially important for a newbie crypto trader because it gives the trader a framework on which to base their trades. This is very important as it helps the trader to avoid unnecessary decisions in an unpredictable market. Trading is a powerful strategy to generate profits for dependable and shot time. Also there is no one size fits all trading strategy for every crypto trader. Each trader must determine what works best for them. Traders who note the results of their trades will find it easier to identify which strategies are successful and should be adopted. Once one can become a smart trader then he can make daily profit from crypto.

An effective strategy is just as important to newbie trader as it is to a professional trader, in order to succeed in trading, one needs an effective strategy that suited and aligns well with their personal goals, identify their risk tolerance level and also learn how manage and calculate risks before taking them. This is something that every trader needs, newbie or pro, in order to be able to effectively navigate the market, mitigate the risks of losses and stay in profits.

[Aanuoluwatofunmi]

This is not a decision to make the newbies scare away or got discouraged from trading, instead when they learn, they are going to know how to trade and avoid much risk that may lead them to lose their coins, but when we think we have gotten to a particular stage whereby we can afford to lose and take heart on whatsoever may come our way, then there is nothing bad in such regards.

[sampoerna]

This is not a decision to make the newbies scare away or got discouraged from trading, instead when they learn, they are going to know how to trade and avoid much risk that may lead them to lose their coins, but when we think we have gotten to a particular stage whereby we can afford to lose and take heart on whatsoever may come our way, then there is nothing bad in such regards.

This can be a science and also sharing information that is quite valuable for beginners actually, it's just that how newbies respond to this will depend on each individual. Because there are newbies who like to learn and try from the beginning, so they equip themselves with knowledge that is at least good enough for the basics, then develop it over time. but still there are many newbies who don't even want to read the information and are only equipped with money to multiply. this is quite difficult to make them aware of the condition. But if you don't want to be reminded and given to understand, then just let them hold the risks.

[LogitechMouse]

It's better for a newbie not to think of going into anu kind of trading only if he is buying because he has no idea of the market and will definitely make wrong decisions that willput him at loss. I call such people that are trading without the proper knowledge as gamblers because only luck can bring profit for them.

Just like I said in my previous post, trading comes with lots of complications and can involve lots of complexity and not everyone in the space really understands the risks involved before entering, which results to losses. Trading should be for those who really understand the risks involved in trading, that have the self control to take calculated decisions without greed or fear.

Lots of complications, lots of patience, lots of discipline, lots of self-control, lots of risk management, lots, and lots and lots more.

Overall, trading is very risky especially day trading, and it's only for those who really are eager to learn about trading, and eager to spend most of their time learning how trading works. If you're a beginner, you have the opportunity to try trading and from there, you will decide for yourself if you want to make millions like 1% of traders are doing or lose money like what more than 90% of traders are experiencing.

Trading isn't easy. I've lost money, LOTS of money on it already, but here I am still learning how to trade, and will not give up as long as I have capital to use.

[lepbagong]

This is not a decision to make the newbies scare away or got discouraged from trading, instead when they learn, they are going to know how to trade and avoid much risk that may lead them to lose their coins, but when we think we have gotten to a particular stage whereby we can afford to lose and take heart on whatsoever may come our way, then there is nothing bad in such regards.

Of course, to be more careful as a beginner not to trade directly is also not good, especially as you said, that makes beginners afraid. There are those who usually do learning in theory and practice directly and both are equally good, just adjusted to the abilities they have. In my opinion, studying theory and practice directly is very good, but practice must be with a small value accumulation first, it is also very good to be able to practice directly.

[ContentWriter]

snip

Yes, this is a good advice if the newbie know nothing about trading, but overlooks the fact that there are newbies that have been trading in markets such as the stock and forex. For these, crypto ttrding would be a piece of cake.

[Dr.Bitcoin_Strange]

Of course, to be more careful as a beginner not to trade directly is also not good, especially as you said, that makes beginners afraid. There are those who usually do learning in theory and practice directly and both are equally good, just adjusted to the abilities they have. In my opinion, studying theory and practice directly is very good, but practice must be with a small value accumulation first, it is also very good to be able to practice directly.

Some people believe that practicing trading with a demo account isn’t very educational as using a real account with real funds, but I really do not find this to be true, as I believe that it’ll be more appropriate for newbies to first attempt using this method, because using a real account could still result to losses even when the trader uses a small amount of money, especially when the trader lacks self control and discipline, he can easily deposit another sum into his account after blowing up the little money he initially deposited earlier, and this can go on and on until his bank account is completely drained, we all know how this actually works.

[Stuart]

As a newbie, holding Bitcoin is a very good idea while learning and developing yourself on how the trading market works, learning some very basics of how the crypto market works. Trading is filled with opportunities to profit and loss in all. Trading requires a great deal of learning, beginning from the trading terminologies, to self discipline etc.

As newbie, starting trading with small amount of capital will put you on a safe side while learning how to navigate the market in a real trading account. If you're a fast learning and principled trader, you could grow your account, otherwise when there is losses, you know it's an amount that won't affect your financial status as a beginner.

[vegasus]

Lots of complications, lots of patience, lots of discipline, lots of self-control, lots of risk management, lots, and lots and lots more.

Overall, trading is very risky especially day trading, and it's only for those who really are eager to learn about trading, and eager to spend most of their time learning how trading works. If you're a beginner, you have the opportunity to try trading and from there, you will decide for yourself if you want to make millions like 1% of traders are doing or lose money like what more than 90% of traders are experiencing.

Indeed, because if you don't act like that, then it will all be in vain and will not work. Even by doing all that, it will not always guarantee continuous profits, but at least you can manage the risk better.

And all of this, to be honest, is certainly tiring. It's just that for some people, trading is indeed that challenging and they like it because they are used to it and it is a way to increase their income. It's just that, once again, this is not an easy thing.

[Pablo-wood]

A beginner in trading should learn to keep things simple. Start by simply buying a few coin. Hodl for a while understand why the prices keeps fluctuating then when the confidence level is high enough they can invest with huge capital. One can only learn crypto trading by experience and not by observation.

[Celsius]

I don't know if such topic already exists, but since this is my first thread here on altcointalk forum, I will like to make this as a warning and a reminder to all newbies, don't go into cryptocurrency trading simply because you see someone close to you making profits from trading.

Going into trading without adequate knowledge will increase your chances of losing your money' by 10x because at that stage, you are prone to emotions a d greed, so wait until you increase in knowledge and rank before venturing into trading to safe yourself from possible unrecoverable loses.

Those who are new to Bitcoin should first understand some of the fundamentals of Bitcoin before entering the Bitcoin market. Trading is not an easy task especially for the newbies but they need to know many details of trading first and know well how to trade and when to enter the market and when to sell and then enter the market. But if someone wants to hold it, he can do it, whether it is new or old, he can hold bitcoin for a long time if he wants.