Post
Topic
Board Trading Discussion
Re: advice for a beginner
by
Morr1s
on 19/04/2024, 09:44:09 UTC
Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.
I am also a newcomer to this field, but I, for example, decided to start not with trading, but with finding interesting projects in which to perform activities. Of the latter, it was Linea Park. Low costs, activities are quite simple, after the update from ETH, even gas was quite cheap. Among the disadvantages of this area (let's call it drop hunting), you don't know how much you will get, when and if you will get it at all. I'm still learning the basics of trading, but technical analysis is very difficult. I can't even imagine how much time it takes to find your own strategy and make it at least a small percentage profitable.