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

[CryptoBun]

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.

Exactly what i told someone today even though i’m not a pro yet with the knowledge i have. I will always advocate for using demo accounts for trading before starting full time, demo accounts give newbies the trial and error opportunities without any costly consequences.

[lepbagong]

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.

Exactly what i told someone today even though i’m not a pro yet with the knowledge i have. I will always advocate for using demo accounts for trading before starting full time, demo accounts give newbies the trial and error opportunities without any costly consequences.

For those who have not studied properly, it is reasonable to avoid trading, or as you said, by using a demo account, even though in reality sometimes it can not be in line, but to learn there is no problem.
Although maybe if there is courage to jump straight into using the smallest nominal until you master it properly and gradually, to increase the value of your trade.
All can be used and just adjust to your circumstances.

[UNIVERSE]

For those who have not studied properly, it is reasonable to avoid trading, or as you said, by using a demo account, even though in reality sometimes it can not be in line, but to learn there is no problem.
Although maybe if there is courage to jump straight into using the smallest nominal until you master it properly and gradually, to increase the value of your trade.

But if you never learn trading, you will never know trading. In my opinion, it is no problem to trade but we only trade with small funds. We can learn more knowledge while we are trading, so we also can improve our experience. I don't think demo trading will be very useful because it is not real trading. I personally never use demo trading until now. I prefer to try the real trading but I use small money to avoid severe losses.

[lepbagong]

For those who have not studied properly, it is reasonable to avoid trading, or as you said, by using a demo account, even though in reality sometimes it can not be in line, but to learn there is no problem.
Although maybe if there is courage to jump straight into using the smallest nominal until you master it properly and gradually, to increase the value of your trade.

But if you never learn trading, you will never know trading. In my opinion, it is no problem to trade but we only trade with small funds. We can learn more knowledge while we are trading, so we also can improve our experience. I don't think demo trading will be very useful because it is not real trading. I personally never use demo trading until now. I prefer to try the real trading but I use small money to avoid severe losses.

Agree with what I think because demo trading is not always the same as the market situation at that time, so it seems like you will experience something that is not appropriate, and it is feared that you will experience losses that you don't want.
That's why it is very important to know that trading by jumping in directly is something that is very wise, but it is always gradual with a small nominal and when you already have a good trading foundation, you start to increase it.

[debra]

Exactly what i told someone today even though i’m not a pro yet with the knowledge i have. I will always advocate for using demo accounts for trading before starting full time, demo accounts give newbies the trial and error opportunities without any costly consequences.

If you are newbie, it is good to use demo-account first. We can understand the basic things if we use the demo account. But we don't rely on the demo account to improve our ability. It is only the way to understand the basic things in trading. If we want to improve our knowledge, we must try real trading. However, we don't directly use big amount of money because the chance to lose is still high. We use small amount of money only for practicing in trading.

[lepbagong]

Exactly what i told someone today even though i’m not a pro yet with the knowledge i have. I will always advocate for using demo accounts for trading before starting full time, demo accounts give newbies the trial and error opportunities without any costly consequences.

If you are newbie, it is good to use demo-account first. We can understand the basic things if we use the demo account. But we don't rely on the demo account to improve our ability. It is only the way to understand the basic things in trading. If we want to improve our knowledge, we must try real trading. However, we don't directly use big amount of money because the chance to lose is still high. We use small amount of money only for practicing in trading.

I must say that I agree with what you said that using a demo account is only to learn the basics, but it does not ensure that the demo account will be in accordance with the current situation, always updating, but it would be better to jump in directly where you will understand the best way to take later, but it must start with the smallest value and gradually increase when you understand it.

[Dr.Bitcoin_Strange]

I must say that I agree with what you said that using a demo account is only to learn the basics, but it does not ensure that the demo account will be in accordance with the current situation, always updating, but it would be better to jump in directly where you will understand the best way to take later, but it must start with the smallest value and gradually increase when you understand it.

Yeah. While I strongly advice those who are starting out their trading journey to do so using a demo account, that doesn’t mean that there’s no difference between a demo accounts and a real one. Demo accounts are indeed just there to make sure one gets the necessary experiences and also know how to manage their portfolio, so that when they start using a real account, they’d be able to avoid making certain mistakes because they’d be fully aware of the basic rules and procedures of trading.

[taufik123]

Yeah. While I strongly advice those who are starting out their trading journey to do so using a demo account, that doesn’t mean that there’s no difference between a demo accounts and a real one. Demo accounts are indeed just there to make sure one gets the necessary experiences and also know how to manage their portfolio, so that when they start using a real account, they’d be able to avoid making certain mistakes because they’d be fully aware of the basic rules and procedures of trading.

A good way to start with a demo account, but don't get too carried away in the demo account game because what you can't get from a demo account is a fluctuation in a person's psychology, because every decision taken in trading will involve psychology and that in my opinion is an important point for a trader to be able to manage how they should act.

Experience is very important and real experience cannot be obtained from a demo account, real practice with a small capital is also needed to see how far we can learn and understand trading well enough.

[|MINER|]

A good way to start with a demo account, but don't get too carried away in the demo account game because what you can't get from a demo account is a fluctuation in a person's psychology, because every decision taken in trading will involve psychology and that in my opinion is an important point for a trader to be able to manage how they should act.

Experience is very important and real experience cannot be obtained from a demo account, real practice with a small capital is also needed to see how far we can learn and understand trading well enough.

It is true that we will not see the same psychological condition in a person when they do demo trading and when the start the real trading the their money, but I also don't prefer to start trading before having the proper knowledge of trading as well.
Even they earn knowledge about trading they start with the demo trading and then when they know how and where they were making mistakes or having profit and what the reason then they should get trading with the real money,.

[vegasus]

Experience is very important and real experience cannot be obtained from a demo account, real practice with a small capital is also needed to see how far we can learn and understand trading well enough.

Maybe this is more into the stage of learning trading. That is indeed direct experience for trading cannot be obtained directly from a demo account. However, as a start to learning trading, a demo account can be one way for the learning stage, with a demo account, the beginner can at least understand some experience about its features, about how to set margin, SL / TP, coins, and so on. So that when the beginner enters real trading, at least they have understood some things first, not things that are all new.

[Z-tight]

Experience is very important and real experience cannot be obtained from a demo account, real practice with a small capital is also needed to see how far we can learn and understand trading well enough.

Yeah that is true, when you are trading and you know you are not risking any of your money, things may just be going right for you, it does not mean you now possess all the trading skills. When your money is involved, there is emotions and fear, you may see yourself making mistakes and losing money.

[PX-Z]

Experience is very important and real experience cannot be obtained from a demo account, real practice with a small capital is also needed to see how far we can learn and understand trading well enough.

Yeah that is true, when you are trading and you know you are not risking any of your money, things may just be going right for you, it does not mean you now possess all the trading skills. When your money is involved, there is emotions and fear, you may see yourself making mistakes and losing money.

Indeed, you will not be called crypto enthusiast if you never tried trading once regarding the result is (profit or loss). It's actually exciting even as a beginner on how and when to buy/sell even having just  the very basic fundamentals in trading, buy low, sell high.

[Dr.Bitcoin_Strange]

Experience is very important and real experience cannot be obtained from a demo account, real practice with a small capital is also needed to see how far we can learn and understand trading well enough.

Yeah! Demo accounts do not actually carry exactly the same qualities as a real one, although they have several similarities and it’s also there to show you what to expect when you approach ye real market. It is these experiences that helps us navigate our way around the market effectively and efficiently. So even if we’ll use a real account to practice with small amount of money, it’s advisable to start off with a demo account first, this could actually prevent you from experiencing first hand losses due to insufficient or no experience about the market.

[Crypto Library]

Yeah! Demo accounts do not actually carry exactly the same qualities as a real one, although they have several similarities and it’s also there to show you what to expect when you approach ye real market. It is these experiences that helps us navigate our way around the market effectively and efficiently. So even if we’ll use a real account to practice with small amount of money, it’s advisable to start off with a demo account first, this could actually prevent you from experiencing first hand losses due to insufficient or no experience about the market.

It is true even the Demo trading account don't gives the actually feeling when we do trading with the original fund but it was not wise decision when you are new in this space and want to learn trading it was not a wise decision that learning trading via the original fund at least when we were in the learning phase it should be used for the demo accounts then when we got some knowledge and analysis skill then we can jump into trading.

[taufik123]

-snip-
So even if we’ll use a real account to practice with small amount of money, it’s advisable to start off with a demo account first, this could actually prevent you from experiencing first hand losses due to insufficient or no experience about the market.

If you have no experience at all, using a demo account can be the right solution, but of course to practice trading psychology you must also use a real account.
I only used the demo account a few times and then tried the real account to start my first trade, it was very different and made me more challenged to keep improving.