Re: What's your advice to newbies who wants to trade.

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.

Know the risks and make adjustments to the amount of loss you can afford and then improve your knowledge of trading strategies.
Remember, there is no way to get rich quick in trading as there is a high risk involved in the process and most people fail in trading because they always think they can make money quickly.
Improving skills is not easy because it requires patience and direct involvement, but if direct involvement is not supported by knowledge it is also wrong.

If you want to practice trading skills directly, use a small capital first so that when you master the market structure well, you can try to increase the appropriate trading level.

I think the most important thing you have presented for new traders through your speech is the fundamental and technical analysis of the market. And that must be achieved through the use of a demo account before starting to trade. To enhance trading proficiency it is essential to acquire a solid understanding of money and risk management, which I believe will play a crucial role in mitigating emotional influences.

Learning technical approach would be the most ideal way on learning up trading on which you should be that familiarizing yourself into those possible tools on which you can make use at the time that you do deal up with trading, for you to be able to not to be that being blind with the market movements on which this will be that so helpful on your part in overall once you do hover yourself into this career. Its never been simple nor easy but learning up trading skills is never been simple in the first place. If you are a complete noob, then it would be that needed or necessary for you to learn up with the basics and trying out to apply and make out some trades with having those small amounts. The other things that you do need up to learn is on how you would be that having that good control when it comes into your mentality and same goes with the emotions on which this would also be considered one of the hardest thing for you to have such control and thats why whenever you have decided to touch up this industry or market then always make sure that you are wary about into those risks involved so that at least you are that prepared on whats to come. Theories could be read up but most of the time on which real experience will be that teaching out the most of those learnings.

There is no alternative to understand the trading market movement for successful trading and for traders to make rational and right decisions. Market movement plays a very important role in taking a profitable trade and reducing risk. Because traders use day trading, swing trading and other strategies depending on market movement. Along with that they can select or identify entry and exit points in trading at the right time. Therefore, the more theoretical knowledge they gain about trading and practice it, the more successful they will be in trading. When a person learns to analyze the market, his control over his psychology will be much stronger and he will be able to take the right decision or trade at the right time.

And the biggest thing for new traders is that this thread where there are many wise people and moderators give the right direction on this platform. If a newbie wants to trade, he should read the threads of this platform in full and again and again, and if he takes steps or progresses accordingly I believe he will definitely do well in trading.