Quote from: CupCakeHugs007 on July 24, 2023, 03:15:53 AM

1. I joined Learn2Trade, where they provide 5 suggestions per day, on whether to BUY or SELL.
2. I understand how to BUY and wait for the price to go up.
But I don't understand how you make money on SELL.

For example, let's say I believe BTC will go down. So I BUY BTC. And then I wait for it to go down and then SELL.
Don't I lose money?

From the question you just asked, then I can see that you don’t know much about trading, you are just following people providing the signal blindly which is very wrong.

The group which you joined that are producing the signal for you are into future trading and not spot, you can’t find how to short a coin if you are into spot trading, but if you are trading future, you can either long a coin if you think the price will pump, and you can decide to short a coin if you think a coins price is going to dump. But you should have it in mind that future trading is kind of risky most especially for newbies that are just joining the crypto space, so I will recommend you just stick to spot trading as a newbie, so that you can reduce your chances of losing money.

Also you have to be careful with the way you are following signal providers, I don’t see anything difficult in you learning how to trade yourself, people providing the signals learn it themselves, and most of them are always wrong, but if you learn it yourself, then you will have confidence when ever you are trading, because you will make sure your analysis are right.

Quote from: yhiaali3 on July 27, 2023, 04:33:25 PM

I wonder how you can start margin trading or futures contracts when you do not have enough experience, it is better to advance in education and acquire the necessary skill for trading before starting real trading.

I was just surprise that the OP was just following signals without even know what it’s all about, if you want to be a professional trader, then you must be ready to learn, you think going for signals is just the best because you won’t stress yourself, but the OP should have it in mind that if you are not ready to read or learn, then you are not ready to be a trader, trading is not for the lazy once.

Quote from: yhiaali3 on July 27, 2023, 04:33:25 PM

Margin trading is not easy and it is very risky. It is better to start learning with spot trading and gain the necessary experience before moving to margin trading.

Also, it is safe to try with a small capital in the beginning to learn.

As a beginner spot trading is the best to start with, but we all know some trader’s are always after money so they believe their is more profit in future trading because they will end up using high leverage, but the higher the leverage you are using, the higher your chances of losing money when trading futures incase if your trade goes against you, and the lower your leverage, the lower your chance’s of losing money incase if your trade goes against you. But most people just care about the profits and they don’t know they can easily lose money also.