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 don't think it makes sense to participate in trading in a brand new state. Trading should be done after gaining experience. You can see for yourself here how to make money from trading. But of course acquire the strategy of trading. If you can acquire the strategy of trading, understand trading, you will lose very little even if you lose here. You may have made a decision by watching youtube video I want to make your decision try it yourself but trade with very small amount of money so you can learn about trading.
I think a trader can start from a small amount of investment in the initial stage because he needs to be aware of the market conditions and gain experience by learning. He can get basic knowledge from youtube or reading books but if he wants to trade he has to invest his own capital in the market otherwise he cannot be a real trader and will lose a lot of money. He should gradually increase his investment level as he continues to educate himself about the market. Trading is a game of finesse and subtlety and if you want to see yourself as an established trader, you need to make buying decisions on every dip and keep a decent holding.