Quote from: GeorgeJohn on Today at 04:45:50 PM

Quote from: Merit.s on June 09, 2025, 04:39:33 PM

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.

Trading is very risk, but I want you to understand the fact that if you are a newbie in trading you have to learn the basics things that may cause a loss, the following are what newbie is ought to know before venturing in trading.

1. You have to trade what you can afford to lose
2. Learn the important of risk management before you embark on trading
3. Do not go into trading because of profit another trader made
4. Know when to open trade and when to close a trade

#1. This is the golden rule on which you would be needing to consider all the time, specially that you are dealing up with crypto investment or any other investment out there.
#2. Risks management is crucial on which if you arent that good when it comes to this then you are that subject into tons of mistakes on which that getting in line specially with finances.
#3. Once you do made yourself being FOMO about others profits then you are that prone with those desperate actions on which it would be leading into those mistakes too on which you should be needing to watch out.
#4. This do talks about skills because not everyone would be sharing up with the same mindset or intellect on how they would be doing up their trades. We do know that on the moment that you've been dealing up with gambling then actions will be basing up with your knowledge and skills on which each person will be having that different level.

If you are just that new into trading with this volatile space, then make it sure that you would be that versatile about into those mistakes that you've done. We wont be able to make out some good trading when we are just that starting due to lack of knowledge on which of course it will be that understandable on this aspect. There are just that thoes kind of actions on which you would be needing up to consider.
Newbies are highly impulsive on which its normal but on the moment that you do gain up sufficient experience then you can just that simply adjust.