Post
Topic
Board Trading Discussion
Re: Trading advice for newbies
by
snowpega
on 03/02/2024, 18:44:25 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❤️

Dear, To be very honest there are a lot of things a newbie should keep in mind in the crypto space before starting trading well those key points you aforementioned are also good and a newbie should keep in mind before starting trading besides that newbie should have control over impulsive decisions because if he doesn't have control over it he/she has to face some loses and many newbie traders fall prey to FOMO easily due to insufficient knowledge.

on the other hand many newbie trader fall prey to greed as you also mentioned above. they start to take many trades in day which is the very bad habbit a newbies should also have control over this bad habit if he/she will not control his/her this bad habbit he/she will destroy his/her net portfolio n a short time frame.