Quote from: Sonia_123 on June 01, 2025, 11:58:23 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.

As a newbie permit me to say it is not adviceable to start with trading at all because of the high risk involved, mainly with those newbies that does not have any idea of trading at all, that is just new to Bitcoin, instead I would prefer that after a while of proper study, should start with Bitcoin investment because it is less risky compare to trading and should adopt the DCA strategy to buy their Bitcoin, accumulate, and hodl it when they want to invest for a long-term, and long-term investment is adviceable because it does not affect you or your expenses as long as you have a steady income and a discretionary fund to backup your investment plan.

Of course! Trading can be considered suicide for them if they are not knowledgeable enough. Beginners have the mindset of starting with trading and they aspire to get high profits with a small amount of capital due to lack of trading knowledge. With proper consideration of the market situation, you should aim to accumulation in small amounts and diversify your portfolio as you gain experience. Long term investment plans can be more positive for you than short term trading and high profit expectations. My recommendation for beginners is to continue small accumulation from discretionary income regularly during the market analysis/study period. The trend and consistency of such accumulation will help him to get a large stash with experience.