Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?
Stay away from trading as much as you can, it is not a get quick rich investment or method to attain your financial aspirations quickly. To become rich, you have to work for it and if it was that easy, every newbie that comes new into the crypto space will by now already a rich person and more people will see it as the fastest way to become rich thereby following that same path. Nothing comes easy, learn and learn and learn until you become perfect. While learning, making good use of demo account will make you understand many things in the market but it won’t have effect on your emotions. Emotions plays a big role in trading and if you can overcome it, your trading skill perfection and being a great trader is one step closer to been achievable. Newbies should try and learn or rather invest in bitcoin before taking up trading after they’ve had sufficient knowledge about it.