Quote from: jrrsparkles on August 16, 2023, 10:51:52 AM

I am certainly agreeing with the fact that no one should jump into crypto trading very soon after they entered into the crypto trading which might intriguing for someone who see the potential in profit making but with lack of knowledge they are going to be anywhere other than in a loss.

It’s nice for someone to have knowledge of what he or she is trying to do, not only trading but even investment, because without the knowledge, someone won’t know how to secure their investment. The same is true for trading; without knowledge of trading and the technical analysis involved, you will not get anything from trading but lose your money at any time.

However, it always surprises me if a newbie decides to start trading without the fundamental knowledge of trading. Instead of a newbie deciding to start trading without knowledge, why not just go for investment even though his or her main aim is trading? I always think they use the money to invest in bitcoin first, after they have learned their trading skills.

Quote from: ancafe on August 23, 2023, 05:29:41 AM

But if someone is able to do it there's nothing wrong with starting with a small capital first because the more experienced the better, although no one can guarantee that the more experienced you will not get a loss in trading. When we are not ready to run it, using an investment with a DCA pattern will be much better as has been suggested by many people before.

Yes, mate, it is pretty good to start with a small capital. The fact that there is no guarantee of your money's return, regardless of profits, means that if you trade with a small amount of money, even if you lose, you may not get into financial trouble again. Because that is what affects some people when they see trading as something that will get them rich quick, they put a high amount of money into trading without thinking of the risk involved, which is why forum members always emphasise that trading is not for beginners, which is true.