Post
Topic
Board Trading Discussion
Re: Trading for Beginners?
by
wozzek23
on 26/01/2020, 02:48:17 UTC
Using various tools and helpers can also be useful, especially for beginners. Find for yourself a convenient market scanner, advisor like coincyborg, position size calculation, portfolio watcher like blockfolio and so on, you'll definitely see some improvements in a short amount of time Smiley And make at least a few hundreds trades first using small orders or paper trade until you get used with user interface of your exchange or bot or some trading platform etc. And don't forget to read some TA books Smiley

for beginners it would be more recommended to try a lot of trading with small funds and also read articles that have been made by experts. and so far the tools on the market have helped a lot and we can take advantage of it, so far it depends on the beginner himself who can adapt.
Yes, beginners really have to practice a lot of demo or paper trading before they could move onto ordinary trading. Trading is never an easy job and a small mistake can make us face loss so it is always better to gain some experience before starting with trading so that we can avoid making any minor mistakes.

Beginners actually do not tend to start making huge research at the initial stage like going through some articles, staying updated to the markets, etc so they might face difficulties. But the more close we stay in contact with the markets the more reliable trading we can carry forward. Trading can really be a profitable job only if we are aware about the do's and don'ts.