Post
Topic
Board Trading Discussion
Re: Trading advice for newbies
by
irhact
on 19/12/2023, 16:57:52 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.

Many individual still think trading is gambling, this make them to not take trading serious to learn how to trade properly, they just start trading and get lucky then they think they're experts and starts risking more. After sometime, the reality catches up with them and they begin to lose as they didn't understand how the market is moving. Newbies need to learn and take interpreting of chart serious as that shows, you know what you're doing.

Interpreting your own charts make you become a very experienced traders as when you make mistakes you can learn from the mistake and improve on the things you didn't understand while interpreting the other chart that you lost. Interpreting your own charts will make you not to rely on other traders or signals groups or channels for trading signals. Depending on others won't make you a profession or profits all the time.