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.
As a newbie, it is not good for you to start with Trading,Trading is for traders, it is not adviceable to trade at all in Bitcoin because it is very risky, instead of giving advice for trading why not advice investing in Bitcoin for a long term no matter how little you can start with using the DCA strategy,to invest, accumulate and hold it for a long-term of 4-10 years and trying having your emergency funds within 3-6 month and the support of your reserve funds, also discretionary income as a proper backup for your investment journey, it is better than reasoning trading .
Discretionary income is income remaining after considering all your necessary expenses. Your personal expenses comes first in good cashflow management and the remaining money after attending to it can be divided into 60%and 40 %
As a newbie, you don't need to boarder yourself about trading, all you should be boarded is how to invest into Bitcoin using the DCA strategy to accumulate for a long-term of 4 years -10 years so that you will not get yourself confused and regret your actions .
what you need to educate and understand is Bitcoin investment and not trading because Bitcoin investment can't be compared to trading that's why you need to forget about trading but focus on Bitcoin investment alone to accumulate and grow your portfolio.