Bitcoin is totally different. It is a decentralized digital currency. It is not printed by a central bank like fiat currencies. Bitcoins are generated as a reward in the process called mining. Transactions are decentralized, so money can be sent directly from person A to person B within a peer-to-peer bitcoin network. Every single operation is verified by this network of connected computers through advanced cryptography and then stored in a ledger called the blockchain.

As a beginner, you should go for no more than 5, 10, to 1 leverage so that you can get the experience and the actual feeling of making a winning trade and a losing trade and not looking at the money you’ve made so far. The idea is to make sure that you know how to trade before taking unnecessarily high risks.

Everything you do has to be around a plan. When you start trading real money, you need to have a plan written down. Part of that plan is keeping a journal of all your trades. It could be written manually on a piece of paper.

Losing trade which happens to all of us is not money wasted. It should serve for education purposes. You need to understand why that trading lost. You might be able to see a trait in your losing trades and learn from it. You need to learn to appreciate your losing trades as part of the natural trading process.