Post
Topic
Board Trading Discussion
Re: What's your advice to newbies who wants to trade.
by
MissNonFall9
on 07/07/2025, 16:35:18 UTC
As the topic says, newbies are always rushing into the cryptospace believing it's a get rich quick scheme when they trade. What's the best advice that you can give to these newbies to help them in their trading journey.

My advice is that newbies should only trade with the amount of money that you can afford to lose and don't use high leverage because trading is very risky. Long term bitcoin investment should be your priority.
In fact, there is no easy way to get rich quickly, all that exists is to adopt dishonest ways. However, cryptospace is indeed preferred over other ways to get rich, but it must be remembered that the risk here is much higher than other means. And trading is a much more complex and risky thing, especially for beginners.
So those who want to become new traders must first know and understand trading well. So the basic aspects of trading such as technical indicators, chart patterns or market analysis must be known and learned well. For this you need to use various resources such as trading-related books, trading courses or journals. Risk management is a very important subject that is essential to learn and you need to learn to control emotions, which is one of the reasons for losses in trading. In addition to these, you can test the knowledge acquired by using a demo account, which will be able to bring both the concept and experience of the trading market.