Quote from: Adams0001 on Today at 01:29:14 PM

Quote from: sotelorene on January 17, 2025, 01:29:17 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.

No be only newbie dey always dey thrown by the cryptocurrency trading market complexity even some old traders do get thrown or incur loss because say the market dey very hard to predict or read. On a normal the initial thing person suppose do for this kind thing if they join or enter new na to study and learn thoroughly concerning that thing but I no dey guarantee you say if you study and learn finish you no go make loss ooo definitely you go make loss and sometime you go make loss woto woto because no knowledge dey sufficient enough to trade. Practicing with demo account no mean anything ooo, na when you put your own money you go understand waiting ah dey talk, some strategy fit they work for you for demo account but when you use your own money you go see say the game go change however, ah no mean to scare you but rather I wan just clear you waiting dey involve.

That makes trading difficult since the market cannot be foreseen and is difficult to grasp because it varies over time. This is why you cannot stop learning, you must study at all times if you want to excel in trading. That is why some people don't even try to trade; instead, they invest in bitcoin or other coins to profit when they rise. What I've noticed in trading is that not everyone can gain from it; depending on how you study it, it can be difficult to make a large profit. So I typically urge my folks to just invest in bitcoin because most of them don't know about trading, and I normally tell them to study investment first before then can try trading and risk there funds no it. I still struggle with trading because I lack knowledge of it, When I try to stake $10 to $15, I typically lose, but when I use a domo account, things go well and I win, however when I use real money, the market does not move well. So I'm going to put trading on hold for the time being and focus on increasing my investment before learning how to trade properly and being a professional one day.

However, trading is a complex and uncertain process that requires deep knowledge and experience to succeed. For those who are new to trading or who have little knowledge in this area, investing can be a safe option because it reduces risk and increases the potential for long-term profits. I think you are right that you should first study the investment and the market, and then start trading gradually. And always seek advice from experienced traders. This approach is less risky and more likely to be successful.