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Author Topic: Are you new? So stay away from trading.  (Read 3534 times)

Offline Cryptsafe

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Re: Are you new? So stay away from trading.
« Reply #45 on: January 10, 2024, 11:55:38 PM »
Everyone is entitled to make trade, but don't even go close to that if you're not sure of knowing what to do there, also, there are times many have assumed trading to be something commo with all manners of coins, you can't trade on a coin you're not well convinced of their performance and hold them for long when you're not sure about them, as a beginner, it's not about making trade first or making money that matters, but acquiring the required knowledge needed for making such trade.

Truly, acquiring the knowledge that borders the token your are holding matters because you just can not tell what it holds in the future. It is not even advisable to dabble into something you do not have the  prerequisite information about because doing such would put you in a very high risk as do not know the nature of its volatility. However as a newbie, it would be nice to learn before you venture into trading or holding of a token and make sure you do your own research or due diligence before you attempt to trade or invest.
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Re: Are you new? So stay away from trading.
« Reply #45 on: January 10, 2024, 11:55:38 PM »

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Offline jeraldskie11

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Re: Are you new? So stay away from trading.
« Reply #46 on: January 11, 2024, 02:08:11 AM »
Trading is not for beginners and any beginner that is looking to make quick money from crypto should not join trading as a start, it will only make them lose their money and hate crypto for life.
People might misleading your idea, but I understand what you're trying to say. We all have to start from a beginner in trading in order to become an expert in the long run. We can't get the thing we want without starting. Maybe you said that because a lot of newbies in trading were only losing their funds because they don't know what to do to make profit in trading. In other words, they don't have a trading plan.

So, to all the newbies out there who wanted to trade, don't trade right away without a trading plan. Do a demo account, backtest your trades to gain confident, and if you can make profit in your demo account and satisfied, then that's the time you go with real account with only a small amount of margin first.

Offline Cryptoheadlinenews

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Re: Are you new? So stay away from trading.
« Reply #47 on: January 11, 2024, 07:02:37 PM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.
Trading just like gambling are two risky acts anyone can venture into, but the truth remains that why trading deals with the recurrence of an already existing pair trade pattern, when it comes to gambling, it's not like that, hereby making gambling more riskier than trading. But the only difference that exists between both two is that why trading requires both patience, knowledge and luck, gambling requires just only knowledge and luck. Hence, meaning if a person lacks patience, knowledge and luck, he/she can never be a good trader.

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Re: Are you new? So stay away from trading.
« Reply #48 on: January 12, 2024, 11:05:13 AM »
It doesn't matter whether you take trading serious or granted, you'll lose money. Nevertheless, it's one aspect of crypto and we can not just abandoned it completely simply because it's risky. Trading requires learning and understanding and once you mastered it, you can make some decent profits from it. Trading is actually not something newbies should rush into because you need to patient if you want to learn and understand it and again, you'll lose money regardless of how careful you are.

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Re: Are you new? So stay away from trading.
« Reply #49 on: January 12, 2024, 01:27:51 PM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.
Trading just like gambling are two risky acts anyone can venture into, but the truth remains that why trading deals with the recurrence of an already existing pair trade pattern, when it comes to gambling, it's not like that, hereby making gambling more riskier than trading. But the only difference that exists between both two is that why trading requires both patience, knowledge and luck, gambling requires just only knowledge and luck. Hence, meaning if a person lacks patience, knowledge and luck, he/she can never be a good trader.
In short, both trading and gambling are different. To be a successful trader, you need to have a good understanding of the market and enough experience to make wise decisions. Focusing on one without the other won't do you any good. It takes a lot of time and effort to become a profitable trader, unlike gambling where beginners can sometimes get lucky. In trading, luck can't be relied on to drive your success.
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Re: Are you new? So stay away from trading.
« Reply #50 on: January 12, 2024, 01:35:38 PM »
It doesn't matter whether you take trading serious or granted, you'll lose money. Nevertheless, it's one aspect of crypto and we can not just abandoned it completely simply because it's risky. Trading requires learning and understanding and once you mastered it, you can make some decent profits from it. Trading is actually not something newbies should rush into because you need to patient if you want to learn and understand it and again, you'll lose money regardless of how careful you are.

First part of your post does not match second part of it. You talk about learning and understanding, and on the same write that even if you take it serious, the money will be lost anyway. Also you advice people to be cautions, do research, and on the same say that if they do that, they will still lose. This only shows meaningless of learning and trying. These arent best motivational words newbies wants to hear.

Imo, newbie should start trading with real money from very start. Demo trading does not give any real experience. Even (and it will most likely happen) if newbies lose, they still learn. We also do in real life. We pay for study. Same is with newbies and trading. Start with little, buy experience, become better.
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Re: Are you new? So stay away from trading.
« Reply #51 on: January 12, 2024, 02:24:15 PM »
In short, both trading and gambling are different. To be a successful trader, you need to have a good understanding of the market and enough experience to make wise decisions. Focusing on one without the other won't do you any good. It takes a lot of time and effort to become a profitable trader, unlike gambling where beginners can sometimes get lucky. In trading, luck can't be relied on to drive your success.

Luck of the trade is also very important. You can buy a newly released token and earn 100-300x on it. Or you can lose your entire deposit, even if you are a three times professional. Only the most successful traders make money

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Re: Are you new? So stay away from trading.
« Reply #51 on: January 12, 2024, 02:24:15 PM »


Offline Cryptsafe

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Re: Are you new? So stay away from trading.
« Reply #52 on: January 12, 2024, 03:10:08 PM »
Snip

There is a lot of good return in trading if you’ve understood how it works. For those that want to make a lot of money in crypto, learning the basics of trading is important to them if they are not of the people that can’t wait for the long term before they can make money from it. Anything that is worthy of making money from requires sacrifice and hardwork. You just can’t make it overnight immediately after joining crypto. It has to take a series of steps to build yourself and become better in the process. Trading is not for beginners and any beginner that is looking to make quick money from crypto should not join trading as a start, it will only make them lose their money and hate crypto for life.

Trading is really not for beginners but if a trader wants to perfect their skills, then a demo should be an option till they are a bit knowledgeable to trade but in a lesser volume  because they are yet to perfect their trading skills.

As you have said, anything that is worth it takes time to make it work likewise trading. There is a good lot of money in trading if you really take time to learn and perfect your trading skills. It takes efforts, commitment and determination to make it works if only one is willing and I must say if you give it that attention, you would definitely get it right and make good returns from it.
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Online CryptoLaila

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Re: Are you new? So stay away from trading.
« Reply #53 on: January 13, 2024, 11:56:45 AM »
It doesn't matter whether you take trading serious or granted, you'll lose money. Nevertheless, it's one aspect of crypto and we can not just abandoned it completely simply because it's risky. Trading requires learning and understanding and once you mastered it, you can make some decent profits from it. Trading is actually not something newbies should rush into because you need to patient if you want to learn and understand it and again, you'll lose money regardless of how careful you are.
This is just the true fact either you like it or not  in trading,  you will surely loose money even as an expert but by then you should already understand  how to minimise your loss.  The loosing stage is a particular stage to extract the strong  from the weaklings   ;D . Your loss builds you and modify you into a profit machine  8) and that's if you are willing  to learn from it though

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Re: Are you new? So stay away from trading.
« Reply #54 on: January 13, 2024, 01:37:26 PM »
In short, both trading and gambling are different. To be a successful trader, you need to have a good understanding of the market and enough experience to make wise decisions. Focusing on one without the other won't do you any good. It takes a lot of time and effort to become a profitable trader, unlike gambling where beginners can sometimes get lucky. In trading, luck can't be relied on to drive your success.

Luck of the trade is also very important. You can buy a newly released token and earn 100-300x on it. Or you can lose your entire deposit, even if you are a three times professional. Only the most successful traders make money
Well, it is a different matter. It's not trading anymore but more of investing. If you spot the potential of a newly released cryptocurrency, you may decide to invest in it. If the coin performs well and your investment multiplies by more than 10x, then you are very lucky. When trading, you can either set a position for the existing coin by analyzing the market movement or ride on the wave of the market. This can be either long-term trading or short-term trading.
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Re: Are you new? So stay away from trading.
« Reply #55 on: January 13, 2024, 02:21:28 PM »
If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. Becoming a smart trader takes a lot of practice and can take years. Your feedback will be important to new crypto users.
Many investors tend to underestimate the advanced skills needed in trading. They should be able to understand that trading is risky, and even seasoned traders admit to making significant losses. In fact, trading carries more risk than gambling, although both involve risks if not done carefully. Gaining expertise in trading takes years of practice, and rushing into it often leads to investment losses. It will be wise to approach trading with the understanding that it's not as easy as it may seem, so if you're not familiar with it, you might want to consider holding off for now.

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Re: Are you new? So stay away from trading.
« Reply #56 on: January 14, 2024, 06:58:32 PM »
When it comes to trading, having the right information is crucial. It's not just about collecting it, but also utilizing it effectively. I'm not entirely certain if trading is suitable for everyone; it requires mental and emotional strength to persist and explore new strategies. Unfortunately, some individuals quit after initial losses in their trading endeavors. The key is to stay focused, gather knowledge and experience, and maintain emotional well-being, as it greatly contributes to success.
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Offline taufik123

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Re: Are you new? So stay away from trading.
« Reply #57 on: January 18, 2024, 11:57:42 PM »
When it comes to trading, having the right information is crucial. It's not just about collecting it, but also utilizing it effectively. I'm not entirely certain if trading is suitable for everyone; it requires mental and emotional strength to persist and explore new strategies. Unfortunately, some individuals quit after initial losses in their trading endeavors. The key is to stay focused, gather knowledge and experience, and maintain emotional well-being, as it greatly contributes to success.
Having important information that is included in fundamental analysis, this is indeed related to news and what happens on social media about crypto news.

In addition, it is not only about information, but about reading market charts using Technical Analysis or with the help of some available trading indicators. This will allow traders to explore more how trading works.

For those who do not understand technical analysis, it is really mandatory to learn, at least have to know the basics first.

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Re: Are you new? So stay away from trading.
« Reply #58 on: January 21, 2024, 12:41:07 AM »
If you are a newbie does not necessary mean that you should stay away from trading, accomplished traders started from scratch but learning from there mistakes and errors they are able to make money from the system of trading

For a newbie it is not advisable to jump head first without any experience into trading because it is a very risky game especially if you have no steady source of income.

My advice to anybody that want to start trading is to first of all have experience that is learn from accomplished traders by buying their courses or watching their tutorial because their experience and insight will help you to avoid danger and mistake when trading

To gain experience as a learner in the world of trading start by using a demo account before entering a live trading. Demo trading will give you the experience you need to avoid mistake and it also help you to understand the basics about trading. This simply means that mastering of the demo trading will go a long way in helping you in your journey in trading.

As I said earlier trading is a risky game with high return if you play your card right but you can lose everything if you play your card wrong so if you want to embark on the world of trading make sure you have a steady source of income.

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Re: Are you new? So stay away from trading.
« Reply #59 on: January 24, 2024, 05:49:23 PM »
There's no harm in learning and practicing, right? Cryptocurrency trading is currently not limited to anyone who can do this activity. Unless there are regulations from the government. This is really a very free way depending on each trader's strategy in managing their finances.

Every curious person should experience it, even if it fails, I think it will be a valuable lesson for him. The most important thing when you are starting to become a trader, make sure you don't be too greedy. You see a big opportunity, not necessarily the direction of the market according to what you think. So, try to understand wisely the decisions you make.

 

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