A novice trader is someone who is new to trading cryptocurrencies. They often have limited experience and knowledge about how markets operate, trading strategies, and the different types of assets available.These traders may start with basic research and often rely on online resources, forums, or social media for guidance. They may focus on popular coins like Bitcoin or Ethereum, trying to understand price movements and market trends.Novice traders typically make decisions based on emotions or hype rather than solid analysis. This can lead to impulsive buying and selling, which may result in losses. Because they are still learning, their strategies might be unrefined, and they might not have a clear risk management approach.As they gain experience and education, novice traders can evolve into more knowledgeable traders, developing better strategies and a deeper understanding of the market. The journey involves learning from mistakes and successes to become more adept in making informed trading decisions.