Quote from: Jaycoinz on May 07, 2024, 09:50:51 PM

Quote from: jay_cash on May 07, 2024, 05:02:38 AM

New beginners to cryptocurrency trading are often thrown by the complexities of the market. It's crucial for beginners to start with thorough research and education, utilizing reliable resources and seeking guidance from experienced traders. Secondly, practicing with demo accounts can help build confidence and refine trading strategies before committing real funds. Another important tip is that if you spend money, then only a small percentage of your earnings, which is not critical for you to lose.

Omo no ves but sometimes I dey feel say that demo account sef fit even act as trap wey dem set for you sef because I believe all the people I know that have used the demo account for trading have won and being successful but the moment they got to put their funds and try it, the whole matter just change just in an instant of one second. Trading isn't something that anyone can start doing all of a sudden, I mean it takes years of practice before actually mastering the trade so rushing onto to act can just be seen as suicide mission.

Na just as the name imply Demo, no be something way dey real so you go expect am say it go dey very difficult and natural like the live trading. Plenty newbies don make that mistake of assuming mastery of trading sake of say them been the get successful trades with some strategies for demo trading so then think say na sonit go just be for live trading. But unfortunately, some of them go just burn their account just with the first experience with love trading. Trading na a process, then no the learn am finish.