Post
Topic
Board Trading Discussion
Re: advice for who are witnessing this market for the first time.
by
TheUltraElite
on 09/08/2022, 09:18:24 UTC
The advice I would give to newbies is not to start inventing in the market, just as they can have good luck making some successes, I do not recommend that they start gambling with trading, because they simply will not be able to win much and in the The moment they start to lose, it will be a free fall or a domino effect and the idea is to do terading knowing and having many good arguments as a base, and in case they are wrong, Loren will realize why they failed. Some of the newbies always trade thinking that what they think will happen because they just say or do randomly, and that is the least I would recommend.
Gambling with the money is never recommended for newbies, a strict no-no. This can be from taking big risks based on market movements or simply moving from Spot trading to Margin or Leverage trading. Either way is going to go South.

Most newbies make this mistake and they think easy money is possible from these risky moves while in reality they end up losing more than they can make. This leads to a reluctance in trading and they start to abhor the crypto market. These are also the people who will then go around saying that bitcoin is not worth putting money in and that it is too risky to make money from. While there are risk takers who end up winners, they are not the majority of the trading population, this should be kept in mind when someone new enters the market.