Post
Topic
Board Nigeria (Naija)
Re: As a newbie to crypto currency
by
Olatundespo
on 26/05/2025, 18:32:12 UTC
Na just as the name imply Demo, no be something way dey real so you go expect am say it go dey very difficult and natural like the live trading. Plenty newbies don make that mistake of assuming mastery of trading sake of say them been the get successful trades with some strategies for demo trading so then think say na sonit go just be for live trading. But unfortunately, some of them go just burn their account just with the first experience with love trading. Trading na a process, then no the learn am finish.
In crypto, we know how risky the system have been for the newbies who are yet to adopt a formidable strategies. Trading requires more time and patience, so to be able to adapt and cope with the system, one ought to compromised more of his chances. Demo trading is never the same thing with live account. The differences is huge and we know what's coming after everyone in the system. There are more vast numbers of newbies in our midst and we know it's totally unsettled in the league.
it dey left for every newbie trader to know him risk appetite and close study how him go maximize to no dey in rapid loss. No go follow how another person the use trade and how much him dey ready to risk because Una two fit no get same size of bag and sources of income. And as newbie no be to master all trading strategies go make you a good or successful trader. But if you fit master one or two way the work for you and you understand better, you go fit the make profit more than who sabi plenty strategies
Newbie traders may not have the patience to study in depth. Most of them are looking for ways to get rich quick. However, if they are involved in studying about trading, they can do so even if it is on a small scale. Copying other people's trading and implementing it for themselves may be confusing for them because the earning potential and money management level of each person may be different. To master the trading strategy, one should analyze the market and buy reliable currencies. The apprenticeship period is considered a special time for a trader, so during this time he should keep a small amount of accumulation instead of taking risks.