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

[Dr.Bitcoin_Strange]

It's also mean a higher chance of lossing, more importantly mostly new traders loss than getting profit. But with more knowledge and experience overtime, it can be taken back if keep pursuing it.

That’s true, the more traders advance in their skills, the more they learn to balance their strategy, identify their risk tolerance level and learn more about controlling their emotions when trading which are the most important things in trading, if a trader is gonna stay in profits, because without these things, then the trader will surely remain in a loss

[debra]

With the right trading skill set, losses can be managed effectively. Instead of taking major hits, a well-planned strategy allows traders to minimize losses and make informed decisions. Risk management, technical analysis, and emotional discipline all play a crucial role in maintaining control over trades and preventing significant setbacks.

Of course, we can deal with the risks and even avoid losses if we have good skills or knowledge. That's why beginners must focus on having proper knowledge/skills first before they begin their trading journey. Technical analysis, fundamental analysis, risk management, mentality management, and financial management are few matters to have by the beginners. If they have these, they will be safe to trad crypto coins.

[Nheer]

With the right trading skill set, losses can be managed effectively. Instead of taking major hits, a well-planned strategy allows traders to minimize losses and make informed decisions. Risk management, technical analysis, and emotional discipline all play a crucial role in maintaining control over trades and preventing significant setbacks.

Of course, we can deal with the risks and even avoid losses if we have good skills or knowledge. That's why beginners must focus on having proper knowledge/skills first before they begin their trading journey. Technical analysis, fundamental analysis, risk management, mentality management, and financial management are few matters to have by the beginners. If they have these, they will be safe to trad crypto coins.

You really do mentioned almost everything a new trader must have knowledge about before getting into the trading long journey. A lot of things to consider and try to acknowledge before being into trading is not only capital that matters knowledge pays a big role in the aspect. When one’s have knowledge and understand more and more about the market and also knowns the fundamentals and technical analysis then it really easy in making money from the big market and also as a new trader one has to do away with emotional stuff and stick stronger or else you won’t be able to trade with one mindset. And the most important aspect risk management, try everything possible to use risk management to avoid some big loss and take advantage of the market.

[Hatchy]

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.

There is nothing wrong in going into trading mate. If you have someone that's will actually put you through, then you can go ahead with asking them to teach you how they do it. Remember that weather holding or  trading, the goal is to make profits on the long run.

[bayu7adi]

.... I think we don't need to use stable coins, it is better to use more volatile coins. This can create a chance of bigger profits.

It's also mean a higher chance of lossing, more importantly mostly new traders loss than getting profit. But with more knowledge and experience overtime, it can be taken back if keep pursuing it.

Experience never lies... we can all even observe the activity patterns of experienced traders who tend to have better and neater management... while those with little experience, meaning they are still at the stage of trying until they find an error... that's very natural.. and that's why the early stages are the most difficult for traders...

Actually, the recommendation to just hold for beginners is not bad... considering that many people tend to start training their patience in going through a market that is correcting, until finally they get used to the bearish market... there their mentality and courage to develop can start to be built faster...

[debra]

You really do mentioned almost everything a new trader must have knowledge about before getting into the trading long journey. A lot of things to consider and try to acknowledge before being into trading is not only capital that matters knowledge pays a big role in the aspect. When one’s have knowledge and understand more and more about the market and also knowns the fundamentals and technical analysis then it really easy in making money from the big market and also as a new trader one has to do away with emotional stuff and stick stronger or else you won’t be able to trade with one mindset. And the most important aspect risk management, try everything possible to use risk management to avoid some big loss and take advantage of the market.

Having proper knowledge first is a must for each new trader or investor. It is better to focus on learning the knowledge for few days or weeks. The new trader/investor shouldn't trade immediately with lack of knowledge. It only wastes money and time, I am sure they won't earn any profit. Yes, risk management is crucial factor besides mentality and skills. These are some matters that new traders/investors must have before they begin their early trading or investment.

[Nheer]

You really do mentioned almost everything a new trader must have knowledge about before getting into the trading long journey. A lot of things to consider and try to acknowledge before being into trading is not only capital that matters knowledge pays a big role in the aspect. When one’s have knowledge and understand more and more about the market and also knowns the fundamentals and technical analysis then it really easy in making money from the big market and also as a new trader one has to do away with emotional stuff and stick stronger or else you won’t be able to trade with one mindset. And the most important aspect risk management, try everything possible to use risk management to avoid some big loss and take advantage of the market.

Having proper knowledge first is a must for each new trader or investor. It is better to focus on learning the knowledge for few days or weeks. The new trader/investor shouldn't trade immediately with lack of knowledge. It only wastes money and time, I am sure they won't earn any profit. Yes, risk management is crucial factor besides mentality and skills. These are some matters that new traders/investors must have before they begin their early trading or investment.

you really understand what I’m saying, knowledge is the key having knowledge before taking part in it will always give you bigger probability over it and will give you higher advantage over the market not only the market other  aspect of things you found your self in  knowledge pays out it only takes time and when you are into trading you will be familiar with the term patience so that what it takes patience and the trend will definitely be your friend.

[alltalk]

There is nothing wrong in going into trading mate. If you have someone that's will actually put you through, then you can go ahead with asking them to teach you how they do it.

Yep. It is okay to try trading although someone is a newbie. But before trading, he/she must ensure that he/she already learned trading correctly and have sufficient knowledge. A newbie can use demo trading, too. This will be very helpful for newbies to understand the basic things in practicing trading. However, when a newbie starts to think about getting experience, he/she must start real trading. Just use small capital for the first time in trading! It will avoid the severe losses. By the way, I assume a newbie will never be a professional trader if he/she never tries trading. Every professional/experienced trader must ever become a newbie in their early journey.

[sampoerna]

There is nothing wrong in going into trading mate. If you have someone that's will actually put you through, then you can go ahead with asking them to teach you how they do it.

Yep. It is okay to try trading although someone is a newbie. But before trading, he/she must ensure that he/she already learned trading correctly and have sufficient knowledge. A newbie can use demo trading, too. This will be very helpful for newbies to understand the basic things in practicing trading. However, when a newbie starts to think about getting experience, he/she must start real trading. Just use small capital for the first time in trading! It will avoid the severe losses. By the way, I assume a newbie will never be a professional trader if he/she never tries trading. Every professional/experienced trader must ever become a newbie in their early journey.

In essence, it is the readiness before trading.
because this is what will bring the newbie traders to safety in the future. because, without any preparation, it will only be like gambling, looking for profit based on luck alone.

preparation includes several things, related to the readiness of knowledge and understanding of crypto, trading, and so on, including how FA and TA affect trading decisions. Then there is mental readiness, this is also very influential because without it, they as newbies will easily get carried away by emotions and panic. Then, readiness is also about strategy and also the funds that are secured, this will be one of the considerations for how trading will take place. Oh yeah, for newbies, it would be much better if you try trading on the spot first before entering future trading with leverage.

[debra]

you really understand what I’m saying, knowledge is the key having knowledge before taking part in it will always give you bigger probability over it and will give you higher advantage over the market not only the market other  aspect of things you found your self in  knowledge pays out it only takes time and when you are into trading you will be familiar with the term patience so that what it takes patience and the trend will definitely be your friend.

It is actually a common thing, we must have proper knowledge to achieve something. I just can't imagine if there are people who trade without knowledge. How they know that they will get profits in that way? To trade in the right way, it is needed good knowledge. But we don't only need knowledge, we must also have good mentality. We shouldn't be afraid with the potential losses, we also need to be patient. And we must be smart enough to apply the strategy in trading. This mentality aspect sometimes brings big impact with the success in trading.

[Sim_card]

you really understand what I’m saying, knowledge is the key having knowledge before taking part in it will always give you bigger probability over it and will give you higher advantage over the market not only the market other  aspect of things you found your self in  knowledge pays out it only takes time and when you are into trading you will be familiar with the term patience so that what it takes patience and the trend will definitely be your friend.

It is actually a common thing, we must have proper knowledge to achieve something. I just can't imagine if there are people who trade without knowledge. How they know that they will get profits in that way? To trade in the right way, it is needed good knowledge. But we don't only need knowledge, we must also have good mentality. We shouldn't be afraid with the potential losses, we also need to be patient. And we must be smart enough to apply the strategy in trading. This mentality aspect sometimes brings big impact with the success in trading.

Whoever is trading without a proper knowledge in trading is only gambling and not trading. They are the traders that will lose big to the professional traders. Such people are more in the trading field than professional  traders. This is why majority of traders run at loss. Trading is very broad and technical with high risk.

[Gurujebs]

Whoever is trading without a proper knowledge in trading is only gambling and not trading. They are the traders that will lose big to the professional traders. Such people are more in the trading field than professional  traders. This is why majority of traders run at loss. Trading is very broad and technical with high risk.

I clearly understand where OP perspective is coming from but I don't think it's okay to discourage people from trading, there is nothing wrong in holding, in fact it's the best way to easily make money from holding asset but having trading knowledge, there is nothing that beat it because you will be making money holding abf trading at the same time.

It's even more recommended for every trader whether you are expert or beginner to have some money on stock that you are holding while trading so that even when you make mistake in trading, you can have something you can fall back to holding.

[rachael9385]

Before trading one need a proper knowledge of it before they start, so that they won't experience much losses. However we all know that as a beginner in trading you must pass through lots of losses. So IMO you need some certain knowledge before you can become a professional trader.
Actually, a beginner in to the crypto space should consider to make investment instead of trading because investment is more safer than trading as you won't need much knowledge before you start buying Bitcoin.

[Alone055]

Before trading one need a proper knowledge of it before they start, so that they won't experience much losses. However we all know that as a beginner in trading you must pass through lots of losses. So IMO you need some certain knowledge before you can become a professional trader.
Actually, a beginner in to the crypto space should consider to make investment instead of trading because investment is more safer than trading as you won't need much knowledge before you start buying Bitcoin.

A beginner needs to learn everything first; it's as simple as that. If you are new in the market, just came to know about Bitcoin and cryptocurrencies, and want to earn money through it, then you will have to learn everything before you get started. I wouldn't recommend even making investments if a person is a complete newbie because you should at least know what product you are investing money in before you do it so that you can rest assured that your money is invested in a good place.

So, the first step after someone gets into cryptocurrencies should be to gain as much knowledge as possible instead of being in a hurry to earn money and starting to make trades and investments right away, without any knowledge about the market, trading practices, and how cryptocurrencies work in general.

[Sim_card]

Before trading one need a proper knowledge of it before they start, so that they won't experience much losses. However we all know that as a beginner in trading you must pass through lots of losses. So IMO you need some certain knowledge before you can become a professional trader.
Actually, a beginner in to the crypto space should consider to make investment instead of trading because investment is more safer than trading as you won't need much knowledge before you start buying Bitcoin.

A beginner needs to learn everything first; it's as simple as that. If you are new in the market, just came to know about Bitcoin and cryptocurrencies, and want to earn money through it, then you will have to learn everything before you get started. I wouldn't recommend even making investments if a person is a complete newbie because you should at least know what product you are investing money in before you do it so that you can rest assured that your money is invested in a good place.

So, the first step after someone gets into cryptocurrencies should be to gain as much knowledge as possible instead of being in a hurry to earn money and starting to make trades and investments right away, without any knowledge about the market, trading practices, and how cryptocurrencies work in general.

In trading/investing knowledge alone is not enough for you to be profitable. You need to also practice in the market as a trader because what you read in theory is not the same thing in the market. You have to trade with an amount that you can afford to so that you will have the insight of how the market is. From there, you can come up with your own trading strategy. As for investing in bitcoin, the basic knowledge of bitcoin is enough to start your bitcoin investment, since you are a long-term hodler.