Quote from: fredericktaylor on March 29, 2025, 09:33:54 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.

If you are newbie to cryptocurrency or crypto investment, your first task is to gain knowledge about cryptocurrency investment. You first need to understand what cryptocurrency is and how it works. If you start investing based on other people's words without knowing or understanding about cryptocurrency investment and hoping to make a profit in a short time, then your investment may face complete losses. To be profitable by investing in cryptocurrency, you must have experience and long-term investment plans, always keep an eye on market volatility or movements, and continue investing with a well-planned perspective in mind, then long-term cryptocurrency investment is possible to be successful or profitable.

There are very few people who have made a profit from trading. If you think that it is possible to make a profit from trading in a short time, then you are thinking wrongly or are going down the wrong path. For beginners, making a profit from trading is as easy as it is to say, but it is a difficult thing to make a reality. Trading is not a quick profit scheme where you can get rich quickly. First gain knowledge about crypto investment, then invest according to a long-term plan and be patient for the right time.

As a newbie to cryptocurrency I will advice you get some knowledge about cryptocurrency before going into it. You can also ask some questions to people who have knowledge about it. There are so many articles about crypto out there that can also guide you into the journey of crypto. But if I should give an advice it’s better to invest in crypto for a long term period. Instead of trading which you can acquire more loss. I’m not saying there is no risk involved in long term investment. But it’s more profitable than trading, because when it dips it would definitely increase again. So instead of trading for a short time profit: it’s best to make a long term profit. And also in this case patience is always a virtue.