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.
It’s true that not doing proper research as a newbie but then,
How do you point/filter out what’s the right research for a newbie..?
The recommendation for new investors is that they should stay away from the tendency to get rich in a short time. The next step will be to have a habit of saving from discretionary income because they do not want to research the market in the beginning. If they follow these two steps initially, they are likely to be a successful investor in the long run. They should avoid being greedy while accumulate so that there is no tendency to sell during the price rise. The long-term accumulation process makes them focus on market analysis and take the opportunity to buy more from the floating cash fund during each bearish period.
There may be some other recommendations for new investors such as having a backup fund for long-term investment which they can build up gradually.