Quote from: South Park on Today at 06:28:31 PM

Quote from: Malam90 on May 21, 2020, 03:57:12 PM

Experience is the best asset to become a successful trader. At first, you can start trade with a small amount and try to research on that coin, research on other coin. You have to gather experience about cryptocurrencies, market price, market scenario, probability of profit and loss. After gathering experience, you can start trade on big amount. It needs courage and mind of taking risk of loss.

Experience is without a doubt important for a trader however using a small amount of money to trade and then trying to use that experience to trade with all your capital doesn't really translate very well, this is why you have so many people that are good at paper trading but when they have to trade for real they fail, and this is because they cannot deal with the pressure of trading the markets with a huge amount of money, in that case most of the experience they have accumulated with a small amount of capital will be useless and after they suffer an important setback they will be confused about what to do next, and being confused about what to do when the market is moving heavily in one direction is the cause of many mistakes for traders.

Normally a trader who is beginning to gain experience and has acquired enough information about the principle of operation of the crypto market, should face the pressure. After all, any trader must start from the principle that not everything goes well every time, and the price fluctuation can be unfavorable to him. But as patience is important, he should not sell when it is not the case, but only wait for an opportune moment.