Post
Topic
Board Trading Discussion
Re: Trading advice for newbies
by
Timmzzy
on 05/12/2023, 20:51:07 UTC
New users within the crypto space should understand that crypto trading is different from gambling where a mere prediction can yield result. As a newbie within the crypto space kindly check the following before you go into trading.

1. Learn about the volatile market
2. Learn how to analyze chart
3. Take your time to practice demo trading before going into real trading.
4. Do not be greedy, take profit when it’s best to do that, do not hope to get the whole world at a time.

You need to understand the learning process takes long, you have to be calm and follow through the process, if you’re too interested in the profit and not the skill or you don’t have time to do so, you can opt in for copy trading where you get to copy trade from elite traders and make profit, though copy trading is not available on all exchanges just few exchanges like Bitget has it.

Good luck newbies❤️

I didn't see patience in the list like for example when you take a trade and you trust your analysis or strategy and the market hasn't hit your stops yet and you pulled out, at the moment you pulled out the trade goes your way... And so when you see a trade you are sure of you start speculating without taking the trade still not cool so all this thing's Should be put in place. For a profitable journey.