Hello everyone ,I have been contemplating the idea of entering the world of cryptocurrency and day trading, and I would like some form of advice or wisdom, or even how your past experience went. Perhaps some of you can relate or offer valuable advice.

Starting anew

As someone who is essentially a novice in trading, I find myself overwhelmed by the vast amount of information available. While I have heard about Bitcoin and seen stories of individuals making significant profits, my understanding remains limited. The terminology and complex strategies can be quite intimidating, leaving me uncertain about where to begin. I am currently seeking a beginner-friendly program or website that can provide a solid foundation in trading.

The Risk Factor

One of the primary concerns I have is the inherent risk associated with day trading. From my research, it appears that day trading can resemble gambling, particularly for someone like me who lacks experience. I have no desire to jeopardize my financial stability, and the stories of individuals suffering significant losses have made me question whether this is a prudent path for someone in my position. Is it feasible to start small/for free and learn gradually, or does day trading require a more substantial commitment from the outset?

YouTube University?

I have considered utilizing YouTube as a resource for basic education. However, the sheer volume of available videos makes it challenging to discern which ones are credible and informative. If anyone has found particularly effective and easy-to-understand videos that explain the fundamentals of trading, I would be grateful for your suggestions.

Seeking Advice

I am eager to hear from those who have navigated similar challenges. How did you begin your trading journey? Were you once as inexperienced as I am now? What steps did you take to educate yourself and gain confidence in trading? Additionally, I am curious about your opinions on how I should proceed. Should I experiment with a small amount of capital to gain practical experience, or should I invest more time in education before committing any real funds?

Final Thoughts

Ultimately, I am searching for a way to approach cryptocurrency and day trading that allows me to learn without feeling overwhelmed. I recognize the potential for financial gain, but I am also acutely aware of the risks involved. I am trying to determine whether this endeavor is suitable for someone with my limited knowledge or if I should consider more traditional investment avenues. What are your thoughts? Is engaging in crypto or day trading a viable option for someone like me? I would appreciate any insights or experiences you can share.

I hope i and us can learn from each other in some form. It would be helpful if i could start for free or join a program that gives out something for beginners to start with.