Post
Topic
Board Trading Discussion
Re: Is trading good for beginners?
by
bettercrypto
on 19/03/2024, 17:53:32 UTC
I believe the OP indirectly wants to know if it is risky for a beginner to trade. But there is not road to riches that there wont be any form of risk and sacrifice. There is always a start from a newbies and soon they will reach there. What should be more important is how will they be able to control their emotions during this growing stage. Of course there will be loss and wins which will cost them to either start over or fall down to some middle part.

First of all, though I understand your reference, trading is no road to riches and a lot of newbies often have this misconception thinking that they can earn a lot of money in no time from this industry which isn't true and people who manage to do that are either lucky or already have very high capital to begin with because the amount of profit you can make from this industry depends on how large your capital is.

Trading and newbies is an unending debate, however, the main discussion about it is that when a newbie gets into trading, their first step should be to acquire enough knowledge about the market so that they don't face problems when they involve finances.

If you just study first and don't do actual trade right away, my answer would be yes, but if you are a newbie and don't have any theory to do and you want to jump into actual trade right away, it is not good to do that style. He should study it well first.

It's like learning to drive; you can't immediately drive a car without any driving experience. How can you make it work if you don't know what is basic to make it work? The same is true in trading; don't trade immediately. It's easy to put money into the exchange Cex or Dex; the difficult thing is how to grow the capital that will be put into trading.