Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: vs2014 on December 31, 2023, 05:00:44 AM
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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.
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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.
When it comes to trading, gathering the necessary information matters. Not just gathering, but also putting those information to use. I am not quite sure if trading is for everyone, you have to be mentally and emotionally strong inorder to keep pushing and trying out new approach. Sadly, some people give up after making losses at the start of their trading journey. The ability to remain focus, gather information and experience, and also stay emotionally fit helps alot.
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I am not new to this thread. But I am new in trading. Whenever I tried to start, I faced losses. That's why I am thinking that I should first get complete information about it and only then start it.
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at the start i faced losses too. because crypto trading is very accessible alot of people think they can do it but there is so much to learn.
reading charts and the various signals and getting the timing as close as possible, being aware of the different fees and how to cover costs etc. is important
Rhen there is also the mental side of things and how to be patient and not be led by emotions - thats difficult to master i think.
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Trading isn't a bad job, I think we don't need to avoid it. We can start trading although we're a new one. But make sure we have sufficient knowledge and start trading with small funds. If we don't try trading, how we know if we have the ability in trading or not. I think every one has the right to try trading but it must be in the right way. I also ever experienced it, I start trading when I was still new one in crypto industry. But it was quite successful because I learned first and I choose top coins only.
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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 is very complex and can't be learnt withing a short period of time, because it is very skillful. Trading is like gambling, this is because nobody can predict the market movement correctly and most times traders makes wrong decision that makes them to run at loss. Only 10% of traders make profit, which means 90% are only claiming to be traders when they don't understand the market. This is similar to gamble, you can only predict the games or try your best but you will never win when it is not your lucky game, because gamble is based more on luck than skill. I see traders as gamblers because they will either lose or gain. It is only investing that don't need any skill, all you need is the basic knowledge on how to buy your coins and send to your wallet. Someone that is used to saving money as a teenager will be able to invest and hodli, as long as you are investing on a long term investment. You cannot lose when you are on a long term investment but you can run at loss in trading and gambling.
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I believe the best advice isn't to avoid trading altogether but to hold onto your assets. If you're new and just getting the hang of Bitcoin basics, it's wise to focus on HODLING for now. If you decide to dip into trading, make sure you understand all the risks involved. Trading can be similar to gambling, and even riskier. Experienced traders often admit to facing losses, and if you're considering trading, approach it with practice and experience. As a newcomer, it's advisable to focus on accumulating for now and steer clear of diving into trading.
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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 is not a bad thing if you have skills in this field why should you avoid it? I'm sure there are many who have become pro traders and they have relied on this for their needs to make a profit. On the other hand, they also learn from the start, not just become experts straight away, so experiencing losses at the start is very normal, but as you continue to learn what is needed you might be able to do it.
If you don't want to bother then just invest, this is quite simple because you only need patience for a long time to hold the coins, and that's not all the fundamentals are needed in investing.
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Trading is challenging; treating it lightly can lead to significant losses. It's not as simple as investing or gambling. Becoming a smart trader requires practice and time. Valuable advice for new crypto users: approach trading with patience and a commitment to learning.
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I am not new to this thread. But I am new in trading. Whenever I tried to start, I faced losses. That's why I am thinking that I should first get complete information about it and only then start it.
I second @Hatchy advice. Trading are for people made of iron, don't mind my language. I know knowledge and skill is important, but the best is mindset. No matter are knowledgeable or skilled you are if you not strong willed or calm minded you would loss all your accumulated profits.
I prefer holding coins with good potential. This can be found out by their utility, market cap, total supply, #DevelopmentTeam s as well as the community etc.
Never sell in loss except when the dip is something that affects the fundamentals of the token.
Panic selling is common in newbies, Even in experienced trader. That's why its advice trade what you are ready to loss to reduce emotional attachments.
Some people here mentioned losses. This is widely common with individuals using future. Don't future trade if you not skilled or experienced even if you are never use your full capital.
Spot is relatively better. There's nothing like liquidation.
In summary trade with caution. Even in Holding
Don't be too greedy and never be a Nocoiner. Take some profit continuously as the price increases and leave the remainder with a stop loss at the price you entered the market.
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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.
Let's not scare the newbies away with the harshness of our words in letting them realize the needful, everything we do has it's own risk, trading is still far more better than gambling, we are not loosing completely in trading, we have more likely potential to earn the more and more again with our trading tactics used, but we shouldn't engage in trading if we are not ready for if, lack of knowledge on how to trade will amount to taking high risk with trades.
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At first trading is not something you dive in without having any idea about it. Because the Idea that is most common among newbie in trading is that is all about buying at low price and sell at higher price, most even go further having the mindset that trading is get rich quick scheme.
Which bad because you experiencing losses will that mindset will may lead to you losing your funds and given up in trading. So as a newbie is always good to be cautious of the way you trade take your time and make proper research and intime you will understand that trading is not something that you can just learn just like that aslong you trading you are always learning either newbie or prefessionals because no one can predict or control the market but your experiences mainly base on how you manage those risks.
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At first trading is not something you dive in without having any idea about it. Because the Idea that is most common among newbie in trading is that is all about buying at low price and sell at higher price, most even go further having the mindset that trading is get rich quick scheme.
Which bad because you experiencing losses will that mindset will may lead to you losing your funds and given up in trading. So as a newbie is always good to be cautious of the way you trade take your time and make proper research and intime you will understand that trading is not something that you can just learn just like that aslong you trading you are always learning either newbie or prefessionals because no one can predict or control the market but your experiences mainly base on how you manage those risks.
Indeed, newbies often think that it is all about buying low and selling high, nothing more and nothing less. Beginners in trading often make mistakes because they see other people on social media platforms boasting about their profits from a particular coin and urging others to invest before it rises or offering to teach them how to trade. However, trading requires a lot of time to gain knowledge and experience to become more familiar with the market. There are many things to consider, which they do not take into account as they only want to make a profit as quickly as possible.
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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.
You are right mate, trading is not a very simple kind of investment where you just have to put in your money and site back for profit. The ability to making profit from trading depends on how skilled, experienced, consistent and patient a trader is. Some people thinks that trading is an easy pizzy thing but they got disappointed after losing the money they invested into their first journey to trading.
For a new trader, I will advice them not to depend on some fake video tutorials on the internet instead, it's better to depend on your self, learn and build a better trading strategy for yourself.
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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.
Who takes trading lightly? When they come for the first time as beginners, what they have to do is learn, they can try a demo account first, then once they are ready, they can use real money, but it depends on your skills in analyzing the market at any time.
I think this is not something to be afraid of in the title you should avoid it, but give tips on how to trade with good management then manage risk, set what percentage of profit, never be greedy, fundamentals must be strong and much more.
It's not easy to become a professional trader, but at least with what you have done in trading and you have made a profit, that is more than enough, just improving your skills.
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Exactly. You need to learn a lot if you want to trade and get maximum profit.
Advice for beginners, it's best to just become a holder or use auto-investment on Binance rather than trading without any knowledge.
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Exactly. You need to learn a lot if you want to trade and get maximum profit.
Advice for beginners, it's best to just become a holder or use automatic investment on Binance rather than trading without any knowledge.
Indeed. We only can understand how to trade properly if we learn a lot. It is not only about optimizing the chance for profits, it is also the way to minimize the losses. It is always suggested to learn first before we do trading, having good knowledge is crucial in trading.
Anyway, what do you mean with automatic investment? :-\
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Maybe you won't believe it, but every trader, even the best ones, was new and beginners at some point. It is certainly understandable that there are losses during the learning period, but it is a process. The most important thing is to be aware of your abilities and not to overestimate them, so you will certainly not have losses beyond the permissible limit.
Anyway, what do you mean with automatic investment? :-\
Automatic investment will not overcome the lack of knowledge, on the contrary, even worse. If mistakes happen, it is much more difficult to recognize where the mistake happened. Automation tools, only if you make it yourself according to yourself and your habits/needs.
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Maybe you won't believe it, but every trader, even the best ones, was new and beginners at some point. It is certainly understandable that there are losses during the learning period, but it is a process. The most important thing is to be aware of your abilities and not to overestimate them, so you will certainly not have losses beyond the permissible limit.
Because all traders get loss with trading at some points, the point is don't use all capital for trading because if you make a bad trade, and lose all or most of the capital, it is very terrible.
With newbies, they have to consider that they accept loss from trading as their learning fee which should be acceptable and definitely not all of money they have.
They can afford to lose like less than 5% of their capital for trading and trading learning fee. But with that 5%, they must use it like 0.5% or 1% for each trade round. They can use this 5% capital for like 5 or 10 rounds of trading and learning.
It will take them a lot of time and learning fee to understand the market, control themselves better in trading.
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Indeed. We only can understand how to trade properly if we learn a lot. It is not only about optimizing the chance for profits, it is also the way to minimize the losses. It is always suggested to learn first before we do trading, having good knowledge is crucial in trading.
Anyway, what do you mean with automatic investment? :-\
The problem is that many beginners want to make profits quickly without learning the basics of trading. I read a post on Instagram about trading with an installment system (buy little by little). I think it can also be applied to beginners to avoid losses
sorry mate I mean auto-investment :D
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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 is not something you can just jump into without having a lot of knowledge about it. If you’re attracted to trading and the money those that trade makes from trading, you’ll miss out big time on learning the basics and fundamentals that will guide you throughout your journey. There is no gain without sacrifice, you just have to sacrifice for it and learn a lot before you’ll start earning like others. When comparing trading to gambling, I think gambling is just a game of luck while trading is not much of luck as people see it but also knowing the fundamental and technical analysis is important to make it in trading.
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I am not new to this thread. But I am new in trading. Whenever I tried to start, I faced losses. That's why I am thinking that I should first get complete information about it and only then start it.
Even after you got full information about trading, you still need to check whether trading is for you or not. It is not everyone that has good information about trading that profits from it. Some has other problems as impatient, emotions disorder, lack of financial management. The real matters is that trading is not for everyone. When I was new I have tried trading myself and when I realised trading wasn't for me, I stopped trading and regained my sanity and happiness.
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If you take trading for granted you will lose a lot of money because it is not as easy as investing or gambling. t to new crypto users.
For anyone to take trading for granted then it means trading was never meant for the person else you ends up counting losts after losts.
There is no tolerance after induging on trading unless it is the ability to stay unpanic at when the market goes Contrarily biased against your will and not your lack of attentive perceptions to staying tuned on your trades.
If really you want to make valuable profits on the cost of your trading engagement, then you must be serious and never take your source of income for granted.
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Maybe you won't believe it, but every trader, even the best ones, was new and beginners at some point.
Of course they were that's why this advice it's a bit weird! ::)
How to you stop being a beginner in something if you never start doing it in the first place?
Everyone is a beginner in something, trader, gambler, nurse, construction worker, astronaut you name it, everyone had a time where he had no experience but he tried it.
Imagine how the world would look if we make a rule like nobody who hasn't operated on a human before is allowed to operate on one, in 40 years from now there will be guy able to do a surgical interventions!
A more down to earth advice would be to not try to trade more than coffee or cigarettes money while you still don't know what you're actually doing, but keeping away from trading completely will make you one forever newbie!
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Ideally, one can not just jump into trading without getting the basic fundamentals and principles of trading. Doing that alone is more or less a suicide mission because you will burn your funds to the least till you have nothing.
Beginners are always advised to take time learn and practice because trading is not a day act whereby one can just wake up and begin practising when you have no fundamental knowledge of how it works. Reading and watching of trading tutorials could help a beginner.
For a start, it is not advisable to trade with big funds but rather little funds that if you lose them, you will have nothing to worry about because you are yet to perfect your skills.
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The problem is that many beginners want to make profits quickly without learning the basics of trading. I read a post on Instagram about trading with an installment system (buy little by little). I think it can also be applied to beginners to avoid losses
Those beginners who expect for instant profits probably don't understand how crypto trading/investment works. They may be influenced by other people who told them about earning easy profits from crypto trading/investment. And those beginners expect to get the same luck as them, they don't know that there is no instant profits in crypto. Sure, everything needs certain process, learning is a part of the process. If they trade/invest without good knowledge, probably will end up with losses.
Regarding using a little funds, it is good way to avoid severe losses during learning. If we are still in the beginning step of the process, we don't hurry to use big funds.
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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.
I agree that trading need some sort of knowledge without knowledge most of newbies lost money. I think demo trading is perfect thing for learning. We could learn money management,risk and other important basics of trading there by using free money. Trading is something which could be learned fast by start from real money but at the beginning we have to start from very small fund and when we learned then we can start full trading.
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Those beginners who expect for instant profits probably don't understand how crypto trading/investment works. They may be influenced by other people who told them about earning easy profits from crypto trading/investment. And those beginners expect to get the same luck as them, they don't know that there is no instant profits in crypto. Sure, everything needs certain process, learning is a part of the process. If they trade/invest without good knowledge, probably will end up with losses.
I think they need a guide from someone who invited them to trade, sometimes they see an advertisement on social media and then invest. so we can't blame them because of this case. maybe if I'm a beginner, I will do same thing.
If they have a deep curiosity about trading, they will be the winner. knowledge and experiences are good things they needed
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They may be influenced by other people who told them about earning easy profits from crypto trading/investment. And those beginners expect to get the same luck as them, they don't know that there is no instant profits in crypto.
You are right @alltalk, most new traders have misconception about trading because of stories they might have heard from their friends or some content they read on the internet or video that they watch. Some people thinks that trading is very easy, so they just jump into into without learning the basics and also developing some skills for themselves that will help them to make profit.
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Trading crypto isn't easy; it demands practice, time, and skill. Newcomers often overlook its complexities, risking losses. Learning technical analysis, risk management, and staying disciplined is crucial. Starting small, using demo accounts, and seeking guidance are vital. Patience and ongoing learning are key to success in this volatile space.
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Actually as a beginner is very unwise to go into trading when you don't have any knowledge about Bitcoin, because there is a big difference between holding and trading, in holding there is no way you can lose your money weather the price falls and increase, your investment is just there but however in times of trading there is a big probability that you could lose everything if you don't no how to trade and perhaps even if you no how to trade you will still make loses because there are some professionals who knows trading very well but still end up losing in most times, let alone a beginner, so my only advice is that as beginner you should focus more on buying and holding because trading is like a gambling were you don't no what the outcome will look like.
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Actually as a beginner is very unwise to go into trading when you don't have any knowledge about Bitcoin, because there is a big difference between holding and trading, in holding there is no way you can lose your money weather the price falls and increase <...>
Well, that depends on what you hold. If what you hold are premium assets it's easier but more boring to make money simply by buy and hold but if you play to see if you can guess which stock or altcoin is going to make the next x100 you are quite likely to lose your money.
In any case trading is very popular because it is heavily promoted but if the newbies who get into it were aware of the statistics they would forget about it. Over 95% of traders lose their money. The more frequent the trading, if you add leverage or the more inexperienced the trader is, the statistic approaches 100%.
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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.
Absolutely agree with you. Trading is complex, and jumping in without proper experience is risky. It's not a shortcut to success or wealth; in fact, beginners often face more losses than wins. Newcomers should approach trading cautiously, prioritize learning, and start with an amount they are willing to lose.
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Well, that depends on what you hold. If what you hold are premium assets it's easier but more boring to make money simply by buy and hold but if you play to see if you can guess which stock or altcoin is going to make the next x100 you are quite likely to lose your money.
There is a difference between trading and holding and yes it depends on what you hold but I don't know what premium assets you mean I think you talk about crypto which is mostly used like BTC, ETH, LTC, or any crypto on the top 20 listed on Coinmarketcap/Coingecko. If I'm right then it's not boring holding them is risky you should also know how to hold and protect them from any attacks and you should also know when is the right time to buy.
However, playing them and guessing the.price without knowledge is risky. Traders use some strategy and follow signals to make a profit if you don't know where to enter you will likely lose your profit. So if you are a newbie holding coins is far from losing if you know when was the right time like this upcoming event block halving we know after block halving we will see a price surge not only in Bitcoin but other coins/tokens too.
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A beginner need not to trade as all his interests should be geared towards learning how the market works and possibly make some investment then when they start getting familiarize with how the market works then they can actually look for signals that will enable them to know when to trade and when not to trade but however as a beginner, it is advisable to spend so much time in learning rather than rushing to trade as you might just run into too many losses
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New traders think trading is very easy and he thinks trading is very easy only seeing some pumping and dumping of candle he buys a particular coin and he thinks maybe he is going to profit very soon. Sometimes traders can make profit by trading in this way but always trading in this way will not bring profit but may lose money. There is a lot to learn about trading before trading. If we are interested in trading without having an idea about trading or without understanding the market well, it will bring bad things for us and our money. Before trading, we must first know enough about trading, understand the market, understand the movement well, and after understanding these things, a trader can profit by trading.
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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.
Becoming an expert in trading requires experience though but I won't suggest a beginner to dive into trading without proper knowledge on what they are to trade, remember your first trade can be a loss not everyone though but there's high probability of you failing, don't worry as a beginner if you're reading this learn from your mistakes and move on with your learning 8)
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There is a difference between trading and holding and yes it depends on what you hold but I don't know what premium assets you mean I think you talk about crypto which is mostly used like BTC, ETH, LTC, or any crypto on the top 20 listed on Coinmarketcap/Coingecko.
It is relative. I'm mainly referring to bitcoin, and if I have to include altcoins, I'd certainly prefer Ethereum to an altcoin that has just been created. In the stock market it would be a large cap like JNJ versus more speculative small caps. The returns that a small company with little history or an altcoin can give you can be much higher if you get it right but the risk of losing everything as well, on the other hand, holding bitcoin, Eth, or companies like JNJ you have a safer, although potentially less profitable way to make money.
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Before trading, we must first know enough about trading, understand the market, understand the movement well, and after understanding these things, a trader can profit by trading.
Profits won't come that easy despite knowing how to trade, understanding the market and seeing how the market moves.
This is just a kind of theory that has not been applied, it will be useful when everything is applied in real time, because sometimes market conditions are unstable and always changing.
A lot of experience will teach you a lot of lessons, so expecting profits at the beginning is too ambitious.
Profits and losses will definitely be equally felt, it's just a matter of how to maximize profits and minimize losses as little as possible.
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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.
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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.
Your subject title is somewhat misleading towards the post that you made.
You are saying to newbies that taking newbies for granted will be an automatic loss for them, but in the title, you sound like you are saying to the newbies to just stay away from trading for no reason.
I mean why don't let the newbies trade? Those expert traders right now started as a newbies. A newbie can still trade. Those who lost their money can still trade. At the end of the day, it will depend on themselves if they will trade or not, and if they can control themselves whenever they're trading or not. Obviously, a newbie can't control himself since he just started trading, but overtime, he will learn it until the time comes that he can do it, and possibly make a profit through it.
Sorry, I focused on your title because it's misleading, but what you said in your post is true. Don't take trading for granted, and being profitable in trading takes years, and it takes a lot of money as well. :D
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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.
Most noobs would really be seeing trading would really be the easiest thing on making money online, until that reality would be slapping out their faces on whats the real deal.
They wont really be able to learn up things until they would really be experiencing those unfortunate conditions. Trading isnt bad as long you are really that
wary about its risks involved and if you are really that willing to learn up along the way basing up on the things that you are engaging with.
You cant make yourself that being pro or good in just a single day, it do really just happen in dreams. ;D
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They may be influenced by other people who told them about earning easy profits from crypto trading/investment. And those beginners expect to get the same luck as them, they don't know that there is no instant profits in crypto.
You are right @alltalk, most new traders have misconception about trading because of stories they might have heard from their friends or some content they read on the internet or video that they watch. Some people thinks that trading is very easy, so they just jump into into without learning the basics and also developing some skills for themselves that will help them to make profit.
This is not applicable only in cryptocurrency trading, it's also happens in cryptocurrency investment. For instance since last year that bitcoin has been within the range of $15,000 many people bought as of then and some people started to use the DCA method to buy Bitcoin till date. If the bull run eventually starts, there will be so much hype in the social media and people will be testifying how they eventually became millionaires through bitcoin investment. It is this type of testimonies that misleads the new commers in the industry and they would think that the success was sudden and miraculous. It is this type of hype that propels them to jump into the market at the wrong time thereby making bitcoin to dump on them. This this something is applicable in cryptocurrency trading, those who say about their testimonies online do not actually tell them how much they lose in trading. This is one of the misconceptions in the.
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Your subject title is somewhat misleading towards the post that you made.
Indeed it is really misleading. Who should stay from trading? A person who is new to crypto, or new on the forum? Or a very young person that turned 18 recently?
Regarding the first post - it is even more complicated to understand OP idea. How come someone become good at trading, if it takes a lot of time to become and expert of it, when it is advised to stay away from it. Trade but not trade? Impossible to learn to ride a bicycle without riding it.
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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.
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.
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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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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.
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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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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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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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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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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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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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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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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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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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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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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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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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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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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 is not easy to do.
I suggest for newbies, better to do spot trading, choose top coin and buy when low set your sell target.
Trading need experience and skill.
We can expert,if we have long time as a trader.
I'm not a trader.
Just several time to do when I have free time.
I more focus as holder.
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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.
Yes, they are actually different. However, in practice, many newbies do it similar to gambling. They do it without any definite analysis, but only based on following predictions, then make trades as if they are lucky or not. Basically, trading requires very good skills and knowledge because trading is a very high risk thing. But unfortunately, many newcomers don't even prepare themselves well to enter the world of trading and in the end end up just like gambling.
trading is in futures and spot. Future trading will become more like gambling when we don't understand how to manage and handle it well. However, if we are familiar with and understand how to work and analyze it, including various tactics to anticipate all changes in the market, then it will reduce the risk. But if we don't have the skills and abilities, then trading will just be like gambling.
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Trading is not easy to do.
I suggest for newbies, better to do spot trading, choose top coin and buy when low set your sell target.
Trading need experience and skill.
Exactly. Trading is not easy. It is more difficult and complicated. In fact, I personally have been in the crypto world for a long time, but I'm not good at trading because basically I'm not too focused on learning there. especially if it is trading with leverage. This really needs to be avoided for newbies or those who don't have experience or have a good understanding. because this will lead us to gambling. Here we need to prepare ourselves well with a good understanding of coin analysis, market analysis and indicators, as well as fundamental analysis, including if there is certain FUD or good news. So, this is not easy. It's much better for the long term.
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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.
Both professional traders and newbie traders are losing money in trading. Losing money in trading is a natural thing that happens. As long as a trader enters the market, there is a possibility of him or her losing money, so the thing here is that knowledge is the main thing to manage the risk because you can’t avoid the risk; you must take it if you really want to trade. However, trading takes a lot of time before you become an expert, and you can’t do that in a month or a few days.
Although some people are making mistakes if they jump into the market, when they get a little knowledge of how trading operates, which is not favourable to all of them those people are losing more than they are supposed to because they are unable to manage the risk and have done other key things that require fundamental skills and technical analysis.
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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 is not easy and no one can make money very easily by trading. I think those who consider trading as an easy money making scheme are completely wrong. Although newbie traders can make money for a short period of time from spot trading but a newbie cannot make money from futures trading he can lose his money in no time. Just as I do not consider trading as an easy money making scheme, I do not consider gambling as an easy means of making money. A trader must be experienced in trading strategies in order to trade. If a trader does not have a trading strategy, a trader will never be successful in trading. One of the trading strategies is to be patient, don't get too greedy, and never trade with emotion.
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Imo newbie should not stay away from trading, because they will never ever learn how to trade then. Impossible to learn without trying. And people are learning duribg their whole life, which means they are always newbies, just some of them are a bit more experienced. What good advice would be, is to not trying to learn to trade with large deposits from very start. This is the moment when amount of deposit does not matter. It is better to get bad experience of loss trades with low balance, then get disappointed from very beginning. And any experience is always better than no experience at all.
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Trading needs a dedicated person someone who is focused on what he is doing otherwise may not be successful in trading and when trading the best is to start with real account to kill all form of tension and trading fever that comes when trading live account. There some person's who has been trading on Demo but after funding real account they noticed there weren't doing well with their trading skill therefore they go for knowledge and live account to kill fear during trading.
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Trading needs a dedicated person someone who is focused on what he is doing otherwise may not be successful in trading and when trading the best is to start with real account to kill all form of tension and trading fever that comes when trading live account. There some person's who has been trading on Demo but after funding real account they noticed there weren't doing well with their trading skill therefore they go for knowledge and live account to kill fear during trading.
It cannot be denied that trading is not suitable for newbies who do not yet have sufficient understanding and preparation. Indeed, many people say that pro traders are also newbies. but what kind of newbies are they? Because many newbies ultimately become successful traders because they have prepared quite thoroughly before entering the world of trading. Not only their understanding of crypto, but also the specifics of trading and learning various things related to what is needed in trading. And this also doesn't stop there because there are many other things that must be prepared for trading and becoming a good trader. So, if you're not ready, really prepare first.
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If you are new to trading then your first task must be to gain detailed knowledge about trading. Because most of those who have already benefited from trading may have learned from here first. If you are very interested in trading then look for people you know who have already profited from trading and who have good knowledge about it. Then you can start trading with his advice if you want.
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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.
I understand that trading is very risky and if newbies do it without proper guidance they are going to lose all their money. We also understand that for you to trade the cryptocurrency market or even the forex market you need to have a deep knowledge of the trading system. Knowledge is more than the basic knowledge of trading because you will need to understand the technical and the fundamental analysis as well as the candlestick analysis.
However, we will not because of the fact that trading is technical or difficult and advise everyone to stay away from trading. What we should advise is for anyone venturing into cryptocurrency trading to be sure that they can handle the emotional stress that is attached to it. If it is something you can handle, then you have the chance to go learn trading very well and make some money from it.
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If you are new to trading then your first task must be to gain detailed knowledge about trading. Because most of those who have already benefited from trading may have learned from here first. If you are very interested in trading then look for people you know who have already profited from trading and who have good knowledge about it. Then you can start trading with his advice if you want.
Trading could be break down into investment and the other generally termed as trading (inform of forex either crypto or fiat)
i will say all newbies should try both ends
with this they could choose a perfect and most suitable they understand better to do mre often.
also, if they eventaly coudn't cope then they should probably try a long term investment
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Great advice here! Diving into both trading and investing is like testing the waters – find what floats your boat! Understanding the ropes on both ends lets you pick what suits you best. And if the waves get too wild, there's always the safe harbor of long-term investment.
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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.
Trading with demo accounts is actually a very valuable advice for newbies who just want to begin their trading journey. they can start trading with demo funds and learn how to trade once they gain enough knowledge and think they are ready to start actual trade and earn real profit they can make their first deposit. Even then I still advice them to deposit a small amount first.
There are very few crypto exchange platforms which provide demo accounts, one Good option can be PrimexBT which hold regular contest that can be joined with demo funds and winner gets actual rewards,
I like that because it combines learning and earning together which makes it very attractie to me.
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Great advice here! Diving into both trading and investing is like testing the waters – find what floats your boat! Understanding the ropes on both ends lets you pick what suits you best. And if the waves get too wild, there's always the safe harbor of long-term investment.
If you just use small funds, I think it is no problem to do both trading and investing together.
We don't know which one is more suitable for us. That's why we must try to understand both of them. So, we know which one is very suitable for us.
If it is difficult to understand both, we can learn fist investment. People said that investment should be safer than trading.
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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.
There is a lot of risk in crypto currency for new traders or investors, moreover, a problem in case of newbies is that they start trading directly from low experience without getting any detailed knowledge about trading and in this case they may face losses. Moreover, those who are new traders do not have the ability to control greed, so they often end up losing instead of making profits when trading. Again, the ability to analyze the market is not usually present in the case of new traders, in this case they are also at risk of loss.
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Again, the ability to analyze the market is not usually present in the case of new traders, in this case they are also at risk of loss.
Very risky, beginners who do not understand how trading works only end up with losses.
As beginners need to be aware that they must learn the ability to analyze the market fundamentally because it is important.
There are many beginners who ultimately understand how this trading system works, thus reducing the loss rate for beginners.
I have also been a beginner and do not understand trading analysis, but now although not a professional but at least very understand and understand how technical trading analysis works.
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In trading, you have to pay your full attention and be committed with it, and also you should do your research before you begin, there are also demo accounts that you can start with so that you don't loss your money. The demo accounts will help you alot in practicing how to trade...
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Very risky, beginners who do not understand how trading works only end up with losses.
As beginners need to be aware that they must learn the ability to analyze the market fundamentally because it is important.
Indeed. It will be too risky for the beginners for trading with a lack of knowledge. Trading isn't an easy matter, it requires sufficient knowledge. The beginners who don't understand how to trade properly yet, they only waste their money into crypto coins. I agree that the beginners must have the basic ability and skills first before they begin trading. It is a big mistake if the beginners start trading with no proper knowledge, ability, or skills.
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Very risky, beginners who do not understand how trading works only end up with losses.
As beginners need to be aware that they must learn the ability to analyze the market fundamentally because it is important.
Indeed. It will be too risky for the beginners for trading with a lack of knowledge. Trading isn't an easy matter, it requires sufficient knowledge. The beginners who don't understand how to trade properly yet, they only waste their money into crypto coins. I agree that the beginners must have the basic ability and skills first before they begin trading. It is a big mistake if the beginners start trading with no proper knowledge, ability, or skills.
It is recommended for beginners to become a holder first, it is safer. after becoming a holder and starting to get to know the world of crypto and the character of coins, start learning to become a trader, it is not easy to become a trader because it takes time, experience and knowledge there.
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Very risky, beginners who do not understand how trading works only end up with losses.
As beginners need to be aware that they must learn the ability to analyze the market fundamentally because it is important.
Indeed. It will be too risky for the beginners for trading with a lack of knowledge. Trading isn't an easy matter, it requires sufficient knowledge. The beginners who don't understand how to trade properly yet, they only waste their money into crypto coins. I agree that the beginners must have the basic ability and skills first before they begin trading. It is a big mistake if the beginners start trading with no proper knowledge, ability, or skills.
It is recommended for beginners to become a holder first, it is safer. after becoming a holder and starting to get to know the world of crypto and the character of coins, start learning to become a trader, it is not easy to become a trader because it takes time, experience and knowledge there.
Entering trading also requires a newbie to be dedicated to the goal of learning to trade. Sometimes, newbies are only focused more on earning and try to learn the basics of trading, but the thing is, they don't completely understand what they are doing. They just simply understand it by buying low and selling high which does not identify all the needed information of trading.
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Entering trading also requires a newbie to be dedicated to the goal of learning to trade. Sometimes, newbies are only focused more on earning and try to learn the basics of trading, but the thing is, they don't completely understand what they are doing. They just simply understand it by buying low and selling high which does not identify all the needed information of trading.
Exactly, some newbies to trading even handle trading like it is gambling and that is because they purely don't know what they are doing. Some newbies too usually get some misconception about trading even before they start learning how to trade, they will think that trading is same thing like gambling and when they start trading, you will see them making some hard decision that can just make them lose money easily and before your know it, they have abandoned the dream of learning how to trade.
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Entering trading also requires a newbie to be dedicated to the goal of learning to trade. Sometimes, newbies are only focused more on earning and try to learn the basics of trading, but the thing is, they don't completely understand what they are doing. They just simply understand it by buying low and selling high which does not identify all the needed information of trading.
Exactly, some newbies to trading even handle trading like it is gambling and that is because they purely don't know what they are doing. Some newbies too usually get some misconception about trading even before they start learning how to trade, they will think that trading is same thing like gambling and when they start trading, you will see them making some hard decision that can just make them lose money easily and before your know it, they have abandoned the dream of learning how to trade.
That's more reason why we often see newbies quitting even if they just started to do their trading journey. I can sometimes see them posting in social media groups about their losses like they are proud of losing money. They even ask for some advice from people who know how to do trading, which is already too late as they already lost their money. They take their losses as their learning experience which is not appropriate as they don't really learn anything, they only lost the money without gaining anything.
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Entering trading also requires a newbie to be dedicated to the goal of learning to trade. Sometimes, newbies are only focused more on earning and try to learn the basics of trading, but the thing is, they don't completely understand what they are doing. They just simply understand it by buying low and selling high which does not identify all the needed information of trading.
Exactly, some newbies to trading even handle trading like it is gambling and that is because they purely don't know what they are doing. Some newbies too usually get some misconception about trading even before they start learning how to trade, they will think that trading is same thing like gambling and when they start trading, you will see them making some hard decision that can just make them lose money easily and before your know it, they have abandoned the dream of learning how to trade.
That's more reason why we often see newbies quitting even if they just started to do their trading journey. I can sometimes see them posting in social media groups about their losses like they are proud of losing money. They even ask for some advice from people who know how to do trading, which is already too late as they already lost their money. They take their losses as their learning experience which is not appropriate as they don't really learn anything, they only lost the money without gaining anything.
Truly, many newbies don't start any trading with enough knowledge. They even don't care trying to analyze, just to learn a little about crypto and trading as basic knowledge, sometimes they are lazy. Not to belittle them, but most of them are like that. In fact, when most of my colleagues ask about crypto trading, they always immediately want to create an account on an exchange and immediately want to buy. even though they don't understand crypto yet. What's worse, they still don't even understand the difference between Bitcoin and altcoins. What they know is that they got information from various media regarding some coins that are very viral and they want them. Never mind providing an explanation or understanding so that they can learn, when we forbid them not to just get into the coin hype, they won't believe us, because they are sure they will be as successful as is reported in the media. Sh*t....
This is why many newbies fail. Because their focus is only on money, without wanting to try first so that they are really ready to trade. Because trading is difficult and too risky. In fact, what you say is true, they actually act like gambling if they do that.
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It is true that there are some new traders who are lazy about learning something new about cryptocurrency, but if there is still no effort to get to know cryptocurrency, then he is one of those people who doesn't want to be rich, because I'm sure those who want to learn something new will get it. the opportunity to have a lot of money someday.
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Truly, many newbies don't start any trading with enough knowledge. They even don't care trying to analyze, just to learn a little about crypto and trading as basic knowledge, sometimes they are lazy. Not to belittle them, but most of them are like that. In fact, when most of my colleagues ask about crypto trading, they always immediately want to create an account on an exchange and immediately want to buy. even though they don't understand crypto yet. What's worse, they still don't even understand the difference between Bitcoin and altcoins. What they know is that they got information from various media regarding some coins that are very viral and they want them. Never mind providing an explanation or understanding so that they can learn, when we forbid them not to just get into the coin hype, they won't believe us, because they are sure they will be as successful as is reported in the media. Sh*t....
This is why many newbies fail. Because their focus is only on money, without wanting to try first so that they are really ready to trade. Because trading is difficult and too risky. In fact, what you say is true, they actually act like gambling if they do that.
You're lucky that your colleagues are even asking you how they can start trading. Some people I know are even willing to send me money that I can use to trade for them. That's ridiculous compared to your situation. It's the same as making myself responsible for whatever happens with their money without any understanding that trading is not easy.
It is true that there are some new traders who are lazy about learning something new about cryptocurrency, but if there is still no effort to get to know cryptocurrency, then he is one of those people who doesn't want to be rich, because I'm sure those who want to learn something new will get it. the opportunity to have a lot of money someday.
More like that person is looking for something that he can use to have a quick earning. Which is impossible to do with trading if you don't have enough knowledge. There are indeed some people who got lucky with their trades and able to make money with their first trade, however, this doesn't mean they can do it continuously and make decent money.
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Well trading is not something you can engage with , without any proper knowledge or skills. For someone who's interested in trading to become successful with it, he or she must take their time to learn more about trading first, which truly is not an Easy task , takes time and when you learning surely you will surely experience alot of losses that's normal , but as time goes on with consistency and determination, in learning more about trading. One can become successful in it. But one thing you should be aware of is that trading , can be really messy sometimes that why you have to learn how to manage your emotions too .
More like that person is looking for something that he can use to have a quick earning. Which is impossible to do with trading if you don't have enough knowledge. There are indeed some people who got lucky with their trades and able to make money with their first trade, however, this doesn't mean they can do it continuously and make decent money.
you're right and I normally call it beginners luck, during my first trade i made some good profit and I was like , so this is how the so call trading is. I thought was an easy task but damn as time goes on , i know that trading is not an easy one after seeing torns of losses, Most was due to poor emotions management .
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It is true that there are some new traders who are lazy about learning something new about cryptocurrency, but if there is still no effort to get to know cryptocurrency, then he is one of those people who doesn't want to be rich, because I'm sure those who want to learn something new will get it. the opportunity to have a lot of money someday.
We are all still learning in the world of crypto, so let those who have just entered learn and get to know a lot about crypto in order to gain experience, knowledge and skills, including in the world of trading. It is not easy to make market analyzes and price predictions. So learning is something that is very important in our life.
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We are all still learning in the world of crypto, so let those who have just entered learn and get to know a lot about crypto in order to gain experience, knowledge and skills, including in the world of trading. It is not easy to make market analyzes and price predictions. So learning is something that is very important in our life.
It seems like what you have mentioned is that people have to keep trying something new until they finally understand how to trade well, if they don't want to learn that then wealth will be very difficult to achieve. So far, daring to take risks and maintaining patience will give very good results.
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It is recommended for beginners to become a holder first, it is safer. after becoming a holder and starting to get to know the world of crypto and the character of coins, start learning to become a trader, it is not easy to become a trader because it takes time, experience and knowledge there.
Actually being a holder is also not easy, it requires good emotional control.
If it's just being a holder without knowing when to take profits, it will only be an investment that has no purpose.
The two should go together, should be studied in as much detail as possible.
Experience will teach you a good lesson, so don't be afraid to try to hold and trade with little money.
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It is recommended for beginners to become a holder first, it is safer. after becoming a holder and starting to get to know the world of crypto and the character of coins, start learning to become a trader, it is not easy to become a trader because it takes time, experience and knowledge there.
Actually being a holder is also not easy, it requires good emotional control.
If it's just being a holder without knowing when to take profits, it will only be an investment that has no purpose.
The two should go together, should be studied in as much detail as possible.
Experience will teach you a good lesson, so don't be afraid to try to hold and trade with little money.
You are right, we have to learn both as traders and holders. but as I said before, beginners should focus on the holder first and start learning trading. Because trading requires experience and analysis that must be close to accurate and able to manage emotions
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but as I said before, beginners should focus on the holder first and start learning trading. Because trading requires experience and analysis that must be close to accurate and able to manage emotions
Could you please explain what does "focus on the holder" suppose to mean? I have bought cryptocurrency, do nothing (holding) and then start to think about my crypto and check prices from time to time? Being holder seems something different to me. You buy cryptocurrency, set a sell price that suits you and wait. That is it. And what does "start learning trading" means? There are only two options, sell with profit or with a loss/ sell cheaper or more expensive that have bought. We all know that basics from childhood. It is better to spend time on research and trying to analyze or predict future of purchased crypto, then learn how to click sell button when the price is higher than have bought.
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Because trading requires experience and analysis that must be close to accurate and able to manage emotions
Near-accurate analysis and fundamental knowledge are also needed, because every market trend will be influenced by fundamentals.
Related to emotions in trading, it will be decisive on the strategy used.
Managing emotions well and having more trading experience, it will affect trading emotions.
The more experienced you are, the more you will get used to stable emotions.
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As a biggener if you don't have a knowledge about trading it's risky for us. But if we do willing to learn how to trade and hold. And ready your willingness to wait. Emotional aspect to aim your goal.