Most newbies lose huge amount of money because, after learning the basics of trading they feel they know it all, they think they can manipulate through the market. But they end up losing big.
No matter what you are thought, you must know this that to be a successful trader, it takes practice and consistency.
Some advice for newbies: I always think that there are only two currencies in this market, one is Bitcoin and the other is altcoins (other currencies). When I first started participating
I only bought Bitcoin. I think it is very difficult to make money on the counterfeit if Bitcoin is not good enough. If you want to ask me how long I can try other currencies after learning Bitcoin? I don't think it depends on the time, but on the progress of your study, whether you have established a high-level and in-depth industry awareness. Let me speculate that it will take 2-3 years for those with fair talents, and 5-8 years for those with ordinary talents.
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Study and experience the fund base; the knowledge base; the mentality base.