Quote from: FanEagle on January 24, 2020, 05:09:01 PM

Quote from: Paycoinzzz on January 22, 2020, 08:50:23 AM

In fact, these tips have been read a lot and it seems to have no effect on newbies. so I have suggested that newbies should practice more on demo accounts. Please write in the journal, why did you order? and after losing a lot of commands, you can go back and find the reasons why you failed. deepen it and make better judgments in the future. I personally find this practice very effective, both giving us experience and helping us learn the lesson faster.

Demo trading is always a basic start for the newly joined traders. Even for us who have gained experience, demo trading can teach us a lot new things. Anytime I land up in loss, I move onto demo trading and keep on practicing trading until I find profits in the markets again which would then make me shift to real trading again.

I have made this as my routine so that any time I face loss, I learn something new about the markets. Most of the new traders make mistake by joining the markets with minimum knowledge. What they think is reading such tips as given by OP makes them pro and they can bear some profits only by reading these tips. It never is the case. You need to have immense knowledge if you want to find profits in the trading markets.

Knowledge is the greatest capital that a trader could have. It will help the trader to achieve big trades in the market. Most of the traders I know are greedy because they just buy bitcoin and just jump straight to the market without studying the basics of the market like support and resistance and patterns. Like what you said, I also suggested to them to do paper trading or demo trading to avoid losses because it is free and you will learn a lot by back testing.