Trading advice for newbies
Trading advice for newbies
New users within the crypto space should understand that crypto trading is different from gambling where a mere prediction can yield result. As a newbie within the crypto space kindly check the following before you go into trading.
1. Learn about the volatile market
2. Learn how to analyze chart
3. Take your time to practice demo trading before going into real trading.
4. Do not be greedy, take profit when it’s best to do that, do not hope to get the whole world at a time.
You need to understand the learning process takes long, you have to be calm and follow through the process, if you’re too interested in the profit and not the skill or you don’t have time to do so, you can opt in for copy trading where you get to copy trade from elite traders and make profit, though copy trading is not available on all exchanges just few exchanges like Bitget has it.
I think learning trading has a beginning but no end. Most of us, new or old, we read or know many guides about trading. Now if I give you some guidelines, you can do it like this, you can achieve possible success in trading, in fact you never will. Very easy to say, very difficult to do.
With newbies, they should never touch trading with any type of trading.
They have to learn first about Bitcoin, how to store bitcoin safely when they buy it. What wallet to use for bitcoin storage, how to back up a wallet and recover a wallet.
You should always start with basics. Remember, all experts started with basic trading. But the question is, do you know the basic rules in crypto trading here? I think you don’t know that. Because of what you said, usually those who know have real knowledge of trading in the crypto business.
Do you think it’s that easy to learn or know everything about crypto trading? It looks like you don’t know that either. I think you should study well in the field of crypto trading before you say such things in the trading industry here in cryptocurrency.
Crypto trading is different from gambling but they are of both high risk.
Trading = highly risky
Gambling = highly risky
As you can lose in trading, so can you lose in gambling.