Quote from: NicNacCoin on September 02, 2024, 03:08:30 PM

Quote from: yassino on March 21, 2024, 12:43:01 AM

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.

Trading is not easy trading is very hard you must always remember that. You traded with $100 deposit and you lost $40 in trading without your knowledge. Losing $40 is normal because you have no trading knowledge. If you want to trade, you must gain experience. If you trade without gaining experience, you will lose trading. Since you traded based on speculation, you made some profit on either trade. Not that you have learned everything in trading. I will tell you first get experience about trading then trade hope you can get success from trading platform.

Without expertise of trading or investments, you will undoubtedly lose your capital. Losing $40 is half of your cash, so you need to have adequate knowledge before you begin trading. Just because you are viewing videos on YouTube does not guarantee you will comprehend everything; you need to find mentors who will guide you physically so that you may learn quickly. Trading is not like investment that will minimize your risk since if it is bitcoin investment that you put that $100, I don't think you will lose such an amount on it, that the price is plummeting today. Trading requires a lot of patience and effort, and you will undoubtedly achieve your goal if you study, you will be perfect, and losing is a part of learning you won't repeat the same mistake when you lose and you will correct your self on it. so is very advisable to be getting someone that will be guiding you on trading without watching YouTube only won't guarantee you that you are perfect on trading and get profit.