Quote from: Wakate on Today at 09:08:10 PM

Quote from: Sobz on October 24, 2024, 10:28:36 AM

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As a trader it is good for us to be confident about the strategy we are using especially when it has been tested and trusted. You need to trade for a period of time before you gain experience and that's why experience traders can analyze the market and tell you what could possibly happen in the crypto market over a certain period of time. Everything is based on knowledge and experience all together. The market can move anyhow and if we have not seen such kind of reaction before, we could be surprised to make wrong decisions without knowing until we see the results. Every new traders need to work with experienced traders so that they can understand more about the market without depending on little understanding about the market.

There are many trading strategies that a beginner trader can learn, all of which can provide them with experience if put into practice. It's useless if they only master the theory - while they don't dare to put it into practice even with a low budget. Beginner traders are actually advised to use a low budget during the trial period - but some of them can also be greedy just because of their imagination of getting rich quickly through trading.

If a beginner trader can get good returns on a low budget - then they can gradually increase their budget over time. In fact, trading is difficult and does not always provide returns - meaning losses due to price changes can be incurred even if they use the same strategy as before. As a result - backup strategies cannot be ignored.