What advice would you give a newbie that started trading? Let's say he has decided to leave his comfort zone and get his hands on the it.
Are there pitfalls to avoid? Where is the best place to get started with? Any materials to help grasp the concept faster? Do you mind giving hints on what helped you scale through in your early beginning.
I don't know if I have come across this kind of thread before, but what I know is that if you want to began trading, what you need to do is to acquire the the basic knowledge of trading, because I know very well that trading has to do with skill, and you need to understand the concepts rudiments so that you will not be victims of it, it's quit understanding that the key of trading is to know the concepts and how to overcome loss, to overcome loss will be achieved if you know the concepts of trading.
That is the best advice you can give a beginner, he has to learn before he begins trading. That is the crucial element before he can succeed. Without information, nothing can be accomplished since whatever you are attempting to do, whether trading or investing, you must understand and seek knowledge in order to reach your goals. Trading is not something you can study in a few weeks or months and assume you understand everything. It is incredibly dangerous, and it takes time to comprehend everything about it. It is extremely dangerous since you cannot foresee what would happen you can either lose or gain.
When you do not have enough funds to take a risk on trading, the best advice is to make an investment that will definitely reduce your risk of losing all of your funds, but if you are patient and you will learn and actively pursue your goals in trading, because many traders succeed and use their trading profits to invest in bitcoin to increase their money. And just so you know, before you start trading, make sure you have something to do so that he can support you. If you lose, you will get another fund to try again, but if you don't have any funds, don't try to trade because he will definitely affect you.