Post
Topic
Board Trading Discussion
Re: What's your advice to newbies who wants to trade.
by
Razmirraz
on 08/07/2025, 05:32:51 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.
If the goal of entering the Crypto world is to change your life financially, that is a very wrong assumption because there is no guarantee of always making a profit on every transaction. Beginners who want to start trading need to understand the basics of crypto and its types, this needs to be learned so as not to fall into the shitcoin trap. In addition, they also need to determine trading goals and understand all risks to avoid impulsive decisions.

Risk management is also an important part of trading, beginners must be able to control emotions such as excessive fear due to falling prices, so it is not recommended to use daily necessities money for crypto trading. Don't put all your eggs in one basket is also advice that beginners should always remember because the goal is to diversify or spread capital across different assets to minimize risk.