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.
In my opinion, it is good for beginners to be cautious about crypto trading. Crypto trading is a matter of learning and experience. Currently, there are many Nigerians who are making a lot of money trading Forex, crypto stocks and other places. We are very interested to hear about it. But we do not want to hear about their past failures. It is natural that thousands of people will be inspired by the success of one person. But if we start something without knowing the details and just by the power of inspiration, we may have to face losses again and again.
Trading is a meaningful and profitable business. But, you can never make trading your main source of income. In trading, you will face more losses than wins. And every time you will be told that the losses are due to your mistakes.
So I would like to say, you can consider trading as a side business and not a source of income. I will not forbid you from trading at all. However, start trading with what you can afford to lose and take advice from an experienced advisor.