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.
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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.
A lot of people watch a few videos on YouTube on how to trade either forex or crypto and think they have gotten the hang of it just in four weeks, this is absolutely impossible. Trading takes time to master and after a long time of learning you can still make mistakes but your experiences in the market are what matters. Some expert traders don't tell newbies the truth they just flaunt demo accounts online deceiving people that they are making millions in a day and making them feel like it's possible to always be in profit
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Everyone thinks trading can be an exciting and potentially profitable activity, but for beginners it can seem overwhelming. This guide takes a lot of practice to make the process easier. Personally i would like to say that trading is a great strategy to make money in a short period of time. So only when you learn trading strategy will you get profit potential. Moreover, trading requires a different mindset and skill set than long term investing, focusing on quick decision making and precise execution. New crypto users completely forget this point which leads to huge losses by getting excited and 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.
This is so true, one of my friend started trading in 2021 bull market, invested peanut sum, got good profits, lost all capital soon after, started investing his salary money, and now he's running at loss, lol.
Now, he's hoping 2025 will be a good year for crypto and he'll recover everything.
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This is so true, one of my friend started trading in 2021 bull market, invested peanut sum, got good profits, lost all capital soon after, started investing his salary money, and now he's running at loss, lol.
Now, he's hoping 2025 will be a good year for crypto and he'll recover everything.
Yes, because trading is basically high risk, the efforts made must be complex. It is not easy for someone who wants to be really consistent in trading and consistently take profits for beginners. Unless they are really persistent and have more abilities, they may be able to develop into pro traders, as long as they can really learn the strategy, and are not greedy in determining their profits.
However, if you are a beginner and are not too focused on trading, investing is the best way. It also still depends on what coin is taken for investment. Because if you invest in shit coins, the results will be the same, it will be bad. Because most or even all shit coins only rely on hype, and when it's over, well, the hype will really disappear and then the shit coins will end up being dead coins that are no longer valuable.
Therefore, if you want to hold, just in Bitcoin which is clearly valuable. If you want altcoins, choose certain top coins, such as ETH.
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^ Well, sticking with top coins helps but they also see wild fluctuations, and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
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^ Well, sticking with top coins helps but they also see wild fluctuations,
not really there are different kinds of trading depending on the time frame and each time frame poses more risk than the others i think knowing when to trade is almost as important as picking which coin to trade you usually just want to trade popular coins with high volume of transactions so that you can take advantage of its fluctuations
and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
if you are a beginner i do not think margin trading is the best option for you it's incredibly risky and might just leave you in debt at the end of it all
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^ Well, sticking with top coins helps but they also see wild fluctuations,
not really there are different kinds of trading depending on the time frame and each time frame poses more risk than the others i think knowing when to trade is almost as important as picking which coin to trade you usually just want to trade popular coins with high volume of transactions so that you can take advantage of its fluctuations
and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
if you are a beginner i do not think margin trading is the best option for you it's incredibly risky and might just leave you in debt at the end of it all
Yes, for beginners, it's better to stick to spot trading and then learn from it, margin trading or even derivatives are suicide for newbies, so it's not recommendable.
Everyone thinks trading can be an exciting and potentially profitable activity, but for beginners it can seem overwhelming. This guide takes a lot of practice to make the process easier. Personally i would like to say that trading is a great strategy to make money in a short period of time. So only when you learn trading strategy will you get profit potential. Moreover, trading requires a different mindset and skill set than long term investing, focusing on quick decision making and precise execution. New crypto users completely forget this point which leads to huge losses by getting excited and trading.
It's definitely a overwhelming for beginners, but we should face it head on if we really wanted to be a trader. Don't baby or kid ourselves, and for me, we really should be facing those difficulties in the beginning, so that we will be mentally strong already and will have the patience and courage to stay in the game and be successful.
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and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
if you are a beginner i do not think margin trading is the best option for you it's incredibly risky and might just leave you in debt at the end of it all
True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.
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and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
if you are a beginner i do not think margin trading is the best option for you it's incredibly risky and might just leave you in debt at the end of it all
True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.
Margin trading depends on financial capability. If a beginner has enough money, he can initially choose the right currency and make an investment decision, but certainly in a small amount. Margin trading is definitely a risky system for low income people which can lead to bankruptcy. A relatively sound approach for new investors is to invest a portion of disposable income every month or every week. Through this method an investor can acquire large holdings through long-term accumulation along with daily expenses of the family.
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Everyone thinks trading can be an exciting and potentially profitable activity, but for beginners it can seem overwhelming. This guide takes a lot of practice to make the process easier. Personally i would like to say that trading is a great strategy to make money in a short period of time. So only when you learn trading strategy will you get profit potential. Moreover, trading requires a different mindset and skill set than long term investing, focusing on quick decision making and precise execution. New crypto users completely forget this point which leads to huge losses by getting excited and trading.
Actually i also think trading is not easy matter. Many people think trading is very easy and profit and profit on it. Bit reality is very different from thinking. Mainly beginners think profit from trading is also easy. Beginner's trade without any experience and without proper knowledge So they loss from trading. But by chance sometimes they gain so they think ot is too easy. But end of the day they lose his fund.
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and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
if you are a beginner i do not think margin trading is the best option for you it's incredibly risky and might just leave you in debt at the end of it all
True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.
Margin trading depends on financial capability. If a beginner has enough money, he can initially choose the right currency and make an investment decision, but certainly in a small amount. Margin trading is definitely a risky system for low income people which can lead to bankruptcy.
Well, the thing is margin trading is, it allows you to have big position size with low amount of funds, so it's main reason why it's popular among people with low capital.
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I am also new to crypto and I am currently still avoiding trading because trading in crypto is unpredictable and the price has very extreme price changes. I tried trading with DOGE coins and bought DOGE at a price of $ 0.1 with $ 10, when the DOGE price dropped to a price of 0.08 my $ 10 asset immediately decreased by 20%, leaving around $ 8. The change was only in 1 night and to increase the price again we don't know when it will happen.
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^ Well, sticking with top coins helps but they also see wild fluctuations, and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
The crypto market is entirely volatile and even the top coins can be volatile as well unless during a low volatile market. During a low volatile market, volatility is less for most of the currencies. Before someone must go into trading, they need to have learn and understand the importance principles of trading and must not forget that volatility is a characteristic of cryptocurrency.
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^ Well, sticking with top coins helps but they also see wild fluctuations, and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
The crypto market is entirely volatile and even the top coins can be volatile as well unless during a low volatile market. During a low volatile market, volatility is less for most of the currencies. Before someone must go into trading, they need to have learn and understand the importance principles of trading and must not forget that volatility is a characteristic of cryptocurrency.
Knowing about the volatility of the cryptocurrency market is very important for a trader. The market is not always stable, but there are times when the volatility of the market is reduced, that time trading is better, and losses are less likely. So it is very important for a trader to always know the market movements, volatility, and right trading strategy at the right time.
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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.
People that are expert traders in the financial market would always to you to learn how to master your emotions because you might have some unexpected outcomes no matter how well analyzed your trades are. Some beginners watch a couple of YouTube videos that teaches how to read charts and understand the basic things they need to know but still end up blowing their live account on a regular basis because they lack discipline
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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.
Gambling has never been easy. I don’t gamble, but betting on sports or putting money on a spinner isn’t something I see as a good idea, though I don’t judge anyone for doing it. I do know, however, that gambling isn’t as simple as it seems. I’ve read posts from experts on BTT who mention that they conduct proper research before gambling, and there are even tools to help. So, gambling is no walk in the park, just like investing.
That said, trading is far more difficult than either of those. When trading, there are countless factors to keep in mind, and the pressure can be overwhelming. Back when I tried futures trading, I eventually quit, saying, “Forget this, I need something real that can bring me peace,” haha. The stress was constant, mostly because of my lack of knowledge and things I hadn’t considered. Spot trading, on the other hand, is easier than futures trading, but it requires a lot more capital.
Trading becomes easier once you start doing it and stick with it. Stepping away just because you’re new or don’t fully understand it won’t help like with driving a car, you have to get behind the wheel for the first time before you can get better.
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People that are expert traders in the financial market would always to you to learn how to master your emotions because you might have some unexpected outcomes no matter how well analyzed your trades are. Some beginners watch a couple of YouTube videos that teaches how to read charts and understand the basic things they need to know but still end up blowing their live account on a regular basis because they lack discipline
Have fatal mistake with the beginner when start trading about their decision take profit seems easily, but when investing their assets in cryptocurrency and lack knowledge about when is the right time for buying or selling make them difficult how to manage profit and panic for selling their investment assets when price suddenly dump.
The beginner only looking the influencer on YouTube channel how easily for them take profit with their trading without make analyze early before buying any coins, I think as beginner always be patience when investing in cryptocurrency and always waiting the right time.
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Until now I avoid trading with cryptocurrency because it is really illogical for its price increase and decrease and this is what makes me think a thousand times to invest in cryptocurrency. My daily life also relies on my personal real work and this makes me comfortable.
Life cannot be forced but life also has to find money to survive. Maybe my survival is not from cryptocurrency trading but from real work.
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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.
Definitely true, trading with crypto or other forex trading requires skills and experience, and if one wish to trade he must take his time o practice. Rushing into trading because of how much you see other making from trading will only get you into loss and you risk will be higher. It's better to take time to study the financial market before making any move towards the market it self. Why most traders don't make it big time is because the lack planning and are carried away by other peoples success stories. Though that's a good drive for motivation but then you need to learn so you can also share your own story.
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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 wake up and jump into, trading deserves knowledge, time, and practice not only that trading is a aspect that needs your mental and physical strength it deals with knowledge and experience. You need knowledge from people whom are into it and you need to do alot of research.
Moreover I will like to advise new crypto users and investors to do take their time and knowledge before concluding or jumping into trading . Seek knowledge from the best .
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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.
Yes, it's so much true, and those who have taken trading for granted have lost a lot of money in it. While it's true that trading isn't for everyone but at the same time it's also true that investing and gambling are also not easy and those are also not for everyone.
Only those who are good at finance can make profits with investing and when it comes to gambling then only those who are quite lucky will make money in it. I'm a trader myself and I can say that trading isn't for those people who can't control their emotions.
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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.
Yes, it's so much true, and those who have taken trading for granted have lost a lot of money in it. While it's true that trading isn't for everyone but at the same time it's also true that investing and gambling are also not easy and those are also not for everyone.
Only those who are good at finance can make profits with investing and when it comes to gambling then only those who are quite lucky will make money in it. I'm a trader myself and I can say that trading isn't for those people who can't control their emotions.
But if we do speak or talk about on which one is better in between trading and gambling then we do know that trading is really that much more ideal when it comes on making money
but just like on what you have said that this isnt something that would really be that so simple for someone to be that profitable. You would really be that needing up to make up
some good trades and something sustainable if you do really want for yourself to be able to survive this unpredictable space. Come to know that gambling is really just that for
entertainment and making it as your source of income will really be definitely be putting you on trouble.
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Yes, it's so much true, and those who have taken trading for granted have lost a lot of money in it. While it's true that trading isn't for everyone but at the same time it's also true that investing and gambling are also not easy and those are also not for everyone.
Only those who are good at finance can make profits with investing and when it comes to gambling then only those who are quite lucky will make money in it. I'm a trader myself and I can say that trading isn't for those people who can't control their emotions.
The main line is that all jobs are not for everyone because each job has a different category and we need to be skilled according to that type to be successful. Similarly, to be successful in trading, we need to gain a proper understanding of reading analysis, what is fundamental analysis and what is technical analysis, and apart from basic knowledge, we need to gain real time experience.
And in most cases it is noticed that not everyone can achieve these things and later due to greed they are investing and later losing. So I would say trading is not for such public.
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But if we do speak or talk about on which one is better in between trading and gambling then we do know that trading is really that much more ideal when it comes on making money
but just like on what you have said that this isnt something that would really be that so simple for someone to be that profitable.
Well, that's true, it's not going to be profitable for everyone, most of the traders often lose money then making any money and that's a fact. Only a small group of traders make money in trading and that's why I believe the ones who lose money in trading or aren't good at it should avoid it.
And in most cases it is noticed that not everyone can achieve these things and later due to greed they are investing and later losing. So I would say trading is not for such public.
Well, the ones who can't control their emotions are not going to get any profits in trading. Those who want to get rich within few days to weeks should not go for trading because there's 100% chance that they'll lose money instead of making anything.
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The main line is that all jobs are not for everyone because each job has a different category and we need to be skilled according to that type to be successful. Similarly, to be successful in trading, we need to gain a proper understanding of reading analysis, what is fundamental analysis and what is technical analysis, and apart from basic knowledge, we need to gain real time experience.
And in most cases it is noticed that not everyone can achieve these things and later due to greed they are investing and later losing. So I would say trading is not for such public.
I totally agree that trading is not for everyone. Like other jobs trading needs special skills and knowledge. To do well we need to understand market analysis and have experience. Many people do not have these skills and lose money because of greed. In my point of view trading require Hard work and dedication it also require Self control and discipline and last is most important that is Understanding your emotions
Trading needs expertise patience and self awareness. Know your limits and avoid unnecessary risks. I will say first start from demo trading or from a small investment if we are trying to get experience.
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The main line is that all jobs are not for everyone because each job has a different category and we need to be skilled according to that type to be successful. Similarly, to be successful in trading, we need to gain a proper understanding of reading analysis, what is fundamental analysis and what is technical analysis, and apart from basic knowledge, we need to gain real time experience.
And in most cases it is noticed that not everyone can achieve these things and later due to greed they are investing and later losing. So I would say trading is not for such public.
I totally agree that trading is not for everyone. Like other jobs trading needs special skills and knowledge. To do well we need to understand market analysis and have experience. Many people do not have these skills and lose money because of greed. In my point of view trading require Hard work and dedication it also require Self control and discipline and last is most important that is Understanding your emotions
Trading needs expertise patience and self awareness. Know your limits and avoid unnecessary risks. I will say first start from demo trading or from a small investment if we are trying to get experience.
Trading is very broad and goes beyond just learning but you must be good in technical analysis, fundamental analysis and you must also know how to read charrs to guide you on how to go about a trade. Trading is not a guess work but needs time and resources for you to be able to learn and improve yourself in order for you to benefit from the market, otherwise you will run at loss. It os always good that you control your emotions easily by trading with little amount.
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The main line is that all jobs are not for everyone because each job has a different category and we need to be skilled according to that type to be successful. Similarly, to be successful in trading, we need to gain a proper understanding of reading analysis, what is fundamental analysis and what is technical analysis, and apart from basic knowledge, we need to gain real time experience.
And in most cases it is noticed that not everyone can achieve these things and later due to greed they are investing and later losing. So I would say trading is not for such public.
I totally agree that trading is not for everyone. Like other jobs trading needs special skills and knowledge. To do well we need to understand market analysis and have experience. Many people do not have these skills and lose money because of greed. In my point of view trading require Hard work and dedication it also require Self control and discipline and last is most important that is Understanding your emotions
Trading needs expertise patience and self awareness. Know your limits and avoid unnecessary risks. I will say first start from demo trading or from a small investment if we are trying to get experience.
Trading is very broad and goes beyond just learning but you must be good in technical analysis, fundamental analysis and you must also know how to read charrs to guide you on how to go about a trade. Trading is not a guess work but needs time and resources for you to be able to learn and improve yourself in order for you to benefit from the market, otherwise you will run at loss. It os always good that you control your emotions easily by trading with little amount.
I agree with you.
Trading isn’t something that you can just guess your way through or simply by luck, it takes way more than that, it’s a skill that one needs to learn and develop with time, it doesn’t happen just immediately. Just like you’ve rightly said, one needs to dedicate time to learn both fundamental and technical analysis as well as how to read charts too.
Yes, and also how to control your emotions during trading, because this is one of the most important aspects of trading, because trading can be quite an emotional roller coaster and if you haven’t mastered the act of controlling your emotions, you can get caught in the moment and end up making bad decisions. In a nutshell, trading is definitely not for newbies, as it requires lots of time and dedication to perfect it.
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Trading is very broad and goes beyond just learning but you must be good in technical analysis, fundamental analysis and you must also know how to read charrs to guide you on how to go about a trade. Trading is not a guess work but needs time and resources for you to be able to learn and improve yourself in order for you to benefit from the market, otherwise you will run at loss. It os always good that you control your emotions easily by trading with little amount.
Yes, besides someone needs to have good knowledge on fundamental and technical analysis, he also needs to have good mentality. If someone doesn't have good mentality or he can't control emotion, he won't succeed in trading. There will be too many challenges in trading, the market trend sometimes easily changes. And we may face some unexpected things. In this situation, we must have good mentality to deal with the situation.
Learning is a very crucial part in trading. That's why many people suggested to learn first before we start trading. Without learning well, it is impossible to gain good knowledge, proper ability, and great skills.
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Yes, besides someone needs to have good knowledge on fundamental and technical analysis, he also needs to have good mentality. If someone doesn't have good mentality or he can't control emotion, he won't succeed in trading. There will be too many challenges in trading, the market trend sometimes easily changes. And we may face some unexpected things. In this situation, we must have good mentality to deal with the situation.
Learning is a very crucial part in trading. That's why many people suggested to learn first before we start trading. Without learning well, it is impossible to gain good knowledge, proper ability, and great skills.
Its must required in trading, not only how smart make analyze or knowledge having but also very important how can manage good mentality. Many trader or investor can't manage well their mentality and got frustrated when their assets dropped price, to be success in trading control the emotion, not greedy and many aspect from mentality needed beside have been smart make researching.
Having skill and know right time for investing balance with good mentality I think easily to be success in trading and not have to scare or avoid with loss from investing in the future.
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Looks easy, doesn't mean it's easy to do.. sometimes seeing something that has been successfully done by others, it seems like we are able to imitate it... even though behind all that there is a formula that we all don't even know...
never forbids every newbie to start trading, but what needs to be emphasized is never to think of trading as something easy to do even though we have never dived too deep into that space.
it takes longer to learn than you imagine to be able to continue to exist in the world of trading, especially if it is daily trading.
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True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.
That's quite true. Newbies don't really have to stay away from trading simply because it can be quite difficult sometimes. However the problem is only a few newbies out there are ready to really learn to whole concept of crypto trading before diving in to try making some profits. Many newbies are blinded by the greed to make profits as quick as possible that's why many of them end up losing their funds just because of insufficient knowledge.
The more newbies study the faster they progress and of course before they know it they become an expert instead of a newbie it's all about understanding and not everyone has the patience to study and understand properly. The fact is every expert was once a newbie too what differentiates them is mainly knowledge.
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Looks easy, doesn't mean it's easy to do.. sometimes seeing something that has been successfully done by others, it seems like we are able to imitate it... even though behind all that there is a formula that we all don't even know...
never forbids every newbie to start trading, but what needs to be emphasized is never to think of trading as something easy to do even though we have never dived too deep into that space.
it takes longer to learn than you imagine to be able to continue to exist in the world of trading, especially if it is daily trading.
I believe the most straightforward way to enter the crypto market is through trading, rather than becoming project developers, KOLs, or OTC service providers. The majority of investors buy and sell tokens, regardless of whether they hold them for a day or the entire cycle, they are all traders.
I don't think we can advise someone against trading, as that would mean discouraging them from investing in crypto. In fact, trading could be the most sustainable profession in the financial market, given the presence of traders in various markets such as stocks and commodities. I simply hope that newcomers equip themselves with knowledge and experience before diving into this market. If they want to try trading, a demo account is always a wise and safe choice for beginners.
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True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.
That's quite true. Newbies don't really have to stay away from trading simply because it can be quite difficult sometimes. However the problem is only a few newbies out there are ready to really learn to whole concept of crypto trading before diving in to try making some profits. Many newbies are blinded by the greed to make profits as quick as possible that's why many of them end up losing their funds just because of insufficient knowledge.
The more newbies study the faster they progress and of course before they know it they become an expert instead of a newbie it's all about understanding and not everyone has the patience to study and understand properly. The fact is every expert was once a newbie too what differentiates them is mainly knowledge.
Your every word is very valuable. A novice investor will develop into an experienced investor in the future. They will continue to lose money or sometimes make profits to mature themselves and the normal process will continue between trading. A novice investor should initially stay in buying mode and wait to get a decent portfolio to prove himself mature at every level by observing and researching market movements.
Those who tend to get rich in a short period of time are more at risk of losing capital in investing. They should understand that patience is the main driving force for a successful investor.
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and if you are into margin trading as my friend is, these fluctuations can wipe out your portfolio.
if you are a beginner i do not think margin trading is the best option for you it's incredibly risky and might just leave you in debt at the end of it all
True, but there is more potential for profits in margin trading and that's only thing tends to be on people's minds, they ignore the risk part and dive in directly, which often doesn't end up well.
There is more profit indeed, but the risk is the main point here because most newbies in trading are just looking after their role model, they will always assume everything to go perfectly, not knowing its not like that always. That's why learning is very important before starting your trading journey.
Some newbies in this forum are not new to crypto trading, they come here to relate and discuss with their fellow traders because this is a professional forum that accommodates any good discussion relating to cryptocurrency. The only thing we should know is that, no risk, no gain; therefore, if you take the risk to trade, you will gain your reward.
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Looks easy, doesn't mean it's easy to do.. sometimes seeing something that has been successfully done by others, it seems like we are able to imitate it... even though behind all that there is a formula that we all don't even know...
never forbids every newbie to start trading, but what needs to be emphasized is never to think of trading as something easy to do even though we have never dived too deep into that space.
it takes longer to learn than you imagine to be able to continue to exist in the world of trading, especially if it is daily trading.
I believe the most straightforward way to enter the crypto market is through trading, rather than becoming project developers, KOLs, or OTC service providers. The majority of investors buy and sell tokens, regardless of whether they hold them for a day or the entire cycle, they are all traders.
I don't think we can advise someone against trading, as that would mean discouraging them from investing in crypto. In fact, trading could be the most sustainable profession in the financial market, given the presence of traders in various markets such as stocks and commodities. I simply hope that newcomers equip themselves with knowledge and experience before diving into this market. If they want to try trading, a demo account is always a wise and safe choice for beginners.
I agree with you that a demo account is good for newcomers to use to learn about trading but that will only be the basics of trading because trading is very complex and goes beyond using demo account to have experience in the market. Learning trading should be done with real trading account because what you learn with demo account will be different from what you will see in the market when trading with real account. It is better for any beginner that wants to learn trading and have more experience in the market to only trade with very little amount that will not affect his emotions for proper knowledge with consistency.
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Having skill and know right time for investing balance with good mentality I think easily to be success in trading and not have to scare or avoid with loss from investing in the future.
It's not that as easy as you think. Even the skilled traders doesn't have a good day everyday in trading. Success is subjective and if there are traders that can make it as their sole source of income, they really are skilled traders. But it doesn't mean that they're always winners. Aside from knowing when to buy and having good mentality, controlling their emotion and as well as the attitude that they apply to the market can make someone a good trader.
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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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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.
Most of the investors expect too much profit in the beginning which is a big wrong decision in investing. In the beginning you should withdraw yourself from the tendency to get profit. In the second step, tend to deposit consistently at regular intervals and strive for a decent holding. When you follow this process for long term you will have abundance of wealth and at that time you can choose 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.
Currently I am still learning here at altcoinstalks and I still don't dare to buy cryptocurrency on markets like OKEx or Binance. As you said and also my friend, learning cryptocurrency takes years and it also has to be serious to learn. But I am also curious because I am sure that one day I will also learn about cryptocurrency trading including Spot, Margin, Option or Future trading.
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I believe the most straightforward way to enter the crypto market is through trading, rather than becoming project developers, KOLs, or OTC service providers. The majority of investors buy and sell tokens, regardless of whether they hold them for a day or the entire cycle, they are all traders.
I don't think we can advise someone against trading, as that would mean discouraging them from investing in crypto. In fact, trading could be the most sustainable profession in the financial market, given the presence of traders in various markets such as stocks and commodities. I simply hope that newcomers equip themselves with knowledge and experience before diving into this market. If they want to try trading, a demo account is always a wise and safe choice for beginners.
Trading is easiest way to start investing in cryptocurrencies. It is how most people buy and sell digital coins. Trading can be good career just like trading stocks or goods. But I think newcomers should learn and practice first. A demo account is safe way for beginners to try trading learn from mistakes and create strategies. This helps them make smart decisions and avoid big losses and earn more money in unpredictable crypto market.
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Working honestly, carefully, and patiently in the crypto world will lead you to positive results. For that, it is considered that you should not be quick in everything you start, but rather decide on your research and inquiry and mutual sharing of experience. This is how it should look when you use a stake in some project. Betting is rarely profitable.
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Working honestly, carefully, and patiently in the crypto world will lead you to positive results. For that, it is considered that you should not be quick in everything you start, but rather decide on your research and inquiry and mutual sharing of experience. This is how it should look when you use a stake in some project. Betting is rarely profitable.
It is very important that an investor should refrain from taking too hasty decisions and take the right decision after reviewing the market conditions. A novice investor should start with steady accumulation from his discretionary income and stick to the long term trend. An investor should tend to continuously accumulate cryptos until his portfolio is of a decent size so that he can opt for short-term trading at a later stage.
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It is very important that an investor should refrain from taking too hasty decisions and take the right decision after reviewing the market conditions. A novice investor should start with steady accumulation from his discretionary income and stick to the long term trend. An investor should tend to continuously accumulate cryptos until his portfolio is of a decent size so that he can opt for short-term trading at a later stage.
Actually we are talking about newbie trader here but it is okay if you also want to discuss about newbie investor. Sure, it is almost the same as newbie trader, there is no need too hurry. Both newbie trader and newbie investor should take time to learn everything carefully first. This way will minimize the chance of severe losses, this also will increase the chance for the success both in trading and investment. Having good portfolio isn't an easy thing, it must through deep analysis. Only people who have good knowledge that can do deep analysis or research.
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Working honestly, carefully, and patiently in the crypto world will lead you to positive results. For that, it is considered that you should not be quick in everything you start, but rather decide on your research and inquiry and mutual sharing of experience. This is how it should look when you use a stake in some project. Betting is rarely profitable.
Due to the very volatile nature of the crypto market, trading is considered a very bad idea, especially for the newbies in the space, although crypto trading can be exaggerated, thereby making people think and feel like it is actually the easiest way to make profit out of the crypto market, while it is the contrary. Altcoin investment alone is very dangerous and carries lots of risks let alone gambling with your funds, that’s why it’s always advisable to always consider investing in Bitcoin and while at it, it essential to stay away from trading or gambling and always approach with the HODL strategy.
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Do you think that users have an easier time if they bypass trading, how can they choose to join purchases on a pre-started project? Is it enough to start targeting coins that are somewhere on the site immediately to start withdrawing to the bank. Did you make a mistake somewhere in trading on the exchange and what are you doing now to have real money, how do you have coins? What do you decide on?
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Working honestly, carefully, and patiently in the crypto world will lead you to positive results. For that, it is considered that you should not be quick in everything you start, but rather decide on your research and inquiry and mutual sharing of experience. This is how it should look when you use a stake in some project. Betting is rarely profitable.
Due to the very volatile nature of the crypto market, trading is considered a very bad idea, especially for the newbies in the space, although crypto trading can be exaggerated, thereby making people think and feel like it is actually the easiest way to make profit out of the crypto market, while it is the contrary. Altcoin investment alone is very dangerous and carries lots of risks let alone gambling with your funds, that’s why it’s always advisable to always consider investing in Bitcoin and while at it, it essential to stay away from trading or gambling and always approach with the HODL strategy.
You are right mate, trading is similar to gambling and for that reason anyone who want to make good profit from crypto should only invest and not trade so that he does not loss te little funds that he has. The market is not friendly and is ready to liquidate you at anytime based on your involvement in trading. Investing in bitcoin for long term is like saving your future from financial challenge now that you have the funds to do it.
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Working honestly, carefully, and patiently in the crypto world will lead you to positive results. For that, it is considered that you should not be quick in everything you start, but rather decide on your research and inquiry and mutual sharing of experience. This is how it should look when you use a stake in some project. Betting is rarely profitable.
Due to the very volatile nature of the crypto market, trading is considered a very bad idea, especially for the newbies in the space, although crypto trading can be exaggerated, thereby making people think and feel like it is actually the easiest way to make profit out of the crypto market, while it is the contrary. Altcoin investment alone is very dangerous and carries lots of risks let alone gambling with your funds, that’s why it’s always advisable to always consider investing in Bitcoin and while at it, it essential to stay away from trading or gambling and always approach with the HODL strategy.
You are right mate, trading is similar to gambling and for that reason anyone who want to make good profit from crypto should only invest and not trade so that he does not loss te little funds that he has. The market is not friendly and is ready to liquidate you at anytime based on your involvement in trading. Investing in bitcoin for long term is like saving your future from financial challenge now that you have the funds to do it.
Trading is not the same as gambling. I don’t always believe that trading and gambling are similar things. To me these two things are very clearly different, though both of them are involved in high risk and high probability of losing your money, but to me the losses in trading can be reduced if you have the knowledge of trading,
while in gambling you can’t because you just predict and wait for the outcomes of the predicted while in trading you will be the one checking the market, managing the risk, and other things to avoid the risk, which is not possible in gambling. Also, trading can be for a long time, while gambling is just for some minutes or an hour.
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You are right mate, trading is similar to gambling and for that reason anyone who want to make good profit from crypto should only invest and not trade so that he does not loss te little funds that he has. The market is not friendly and is ready to liquidate you at anytime based on your involvement in trading. Investing in bitcoin for long term is like saving your future from financial challenge now that you have the funds to do it.
I think you wanted to say trading is risky and gambling is more risky but gambling just happen to be a very high risk thing to do. Are people making money in trading that's a yes and are people losing money from trading, that is a yes also. Are people losing money from gambling also that's definitely yes and are people making money from gambling, that's a yes but few in numbers and that justified the more risky criteria
Everyone that has master gambling today started as a newbie, you never can tell if you are going to make it in trading unless you start somewhere, start small and look out for your possible mistakes and with time, you will become pro one day.
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Trading is not the same as gambling. I don’t always believe that trading and gambling are similar things. To me these two things are very clearly different, though both of them are involved in high risk and high probability of losing your money, but to me the losses in trading can be reduced if you have the knowledge of trading,
while in gambling you can’t because you just predict and wait for the outcomes of the predicted while in trading you will be the one checking the market, managing the risk, and other things to avoid the risk, which is not possible in gambling. Also, trading can be for a long time, while gambling is just for some minutes or an hour.
First of all, I said Trading is similar to gambling, and not trading is the same as gambling. And secondly, it's true that trading and gambling may have a few differences but still, they're a lot more similar in many ways than you can imagine. Trading involves taking risks, and application of strategies to either mitigate the risk of losses and to also improve one's profit, but at the end these strategies are not 100% certain that you'll make profit, and this is just equally the same with gambling. There are methods one could employ to increase one's chances of winning as well as to mitigate losses, and while these strategies are no guaranteed, they're still very much effective.
The only difference I think trading has with gambling is the fact that success in gambling is totally dependent on luck, while trading depends more on strategies. Asides this, they're pretty much alike.
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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.
Not everyone in the crypto space wants to dive into trading; they prefer Investment to trading because that's way better when analyzing the risks and losses involved.
Never has it been made in the crypto space for trading to be a must for one to be involved with. It's optional stuff if I am to say, likewise crypto investment. However, everyone in the crypto space would think of doing away with the one they find less interest in, and dive into the one that is much better for having good profits than losses
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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.
Not everyone in the crypto space wants to dive into trading; they prefer Investment to trading because that's way better when analyzing the risks and losses involved.
Never has it been made in the crypto space for trading to be a must for one to be involved with. It's optional stuff if I am to say, likewise crypto investment. However, everyone in the crypto space would think of doing away with the one they find less interest in, and dive into the one that is much better for having good profits than losses
He never said trading was mandatory or compulsory for newbies, if I’m not mistaken what he said was that trading isn’t as easy as investing and gambling. But honestly, trading and gambling as just almost the same, they have more similarities than you can imagine you know, I think the only difference between trading and gambling is the fact that gambling success is majorly dependent on luck and maybe chances while trading success depends more on strategical analysis. Asides this, the both concepts are just the same, from the risk level to the unpredictability, it’s just the same.
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He never said trading was mandatory or compulsory for newbies, if I’m not mistaken what he said was that trading isn’t as easy as investing and gambling. But honestly, trading and gambling as just almost the same, they have more similarities than you can imagine you know, I think the only difference between trading and gambling is the fact that gambling success is majorly dependent on luck and maybe chances while trading success depends more on strategical analysis. Asides this, the both concepts are just the same, from the risk level to the unpredictability, it’s just the same.
We cannot say that trading and gambling are almost same but yes you don't know what is trading and what is the Psychology behind of trading then it is also natural that you will say trading has the similarities to the gambling. And yes most of all us doing gambling instead of trading because we don't know the analysis and don't do it and make investments on just of simple predictions.
And I will also say that both concepts are purely different we will not see the differences if we saw it from our genegeneral eyes if we saw this as an trading we will finds the differences.
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He never said trading was mandatory or compulsory for newbies, if I’m not mistaken what he said was that trading isn’t as easy as investing and gambling. But honestly, trading and gambling as just almost the same, they have more similarities than you can imagine you know, I think the only difference between trading and gambling is the fact that gambling success is majorly dependent on luck and maybe chances while trading success depends more on strategical analysis. Asides this, the both concepts are just the same, from the risk level to the unpredictability, it’s just the same.
We cannot say that trading and gambling are almost same but yes you don't know what is trading and what is the Psychology behind of trading then it is also natural that you will say trading has the similarities to the gambling. And yes most of all us doing gambling instead of trading because we don't know the analysis and don't do it and make investments on just of simple predictions.
And I will also say that both concepts are purely different we will not see the differences if we saw it from our genegeneral eyes if we saw this as an trading we will finds the differences.
I’m still of the opinion that trading and gambling are almost the same and have more similarities than anyone can ever imagine. And your still yet to convince me that it’s a totally different concept. I’ve already pointed out my reasons to why I believe both concepts are relatively the same with very small differences, which I have also pointed out, asides that, the approaches are just the same, risk tolerance, unpredictability and even the approach. And until you convince me that they’re both very different, I’ll still maintain my opinion.
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I’m still of the opinion that trading and gambling are almost the same and have more similarities than anyone can ever imagine. And your still yet to convince me that it’s a totally different concept. I’ve already pointed out my reasons to why I believe both concepts are relatively the same with very small differences, which I have also pointed out, asides that, the approaches are just the same, risk tolerance, unpredictability and even the approach. And until you convince me that they’re both very different, I’ll still maintain my opinion.
You have the freedom of speech and I don't want have right about say anything about your opinion. But my opinion are not same as you because trading and gambling are not the yes it will when you are new and don't know the same. But yes if we talk about the future trading then may we find the similarities because here you can loose all your coin at once as like gambling but when we are in spot trading it is not the same because in there the assets are our coin and values will be goes up and downs but you will not gonna loose your fund at once which you do in gambling.
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You have the freedom of speech and I don't want have right about say anything about your opinion. But my opinion are not same as you because trading and gambling are not the yes it will when you are new and don't know the same. But yes if we talk about the future trading then may we find the similarities because here you can loose all your coin at once as like gambling but when we are in spot trading it is not the same because in there the assets are our coin and values will be goes up and downs but you will not gonna loose your fund at once which you do in gambling.
When I say the both concepts are almost the same, I'm not talking about losing one's fund all at once, there are some kind of games you gamble on, you don't lose everything all at once, you'll lose gradually, it is when you fail to realize that it's time to call it a quit and keep on playing, that's when you lose everything. When you are trading on a token, and you buy the token, with expectations that the price of the token will appreciate, and then things turn to be the opposite and begins to drop gradually, that's when you start losing and then you fail to realize that it's time walk away with what's left, with hopes that the prive will go up and unfortunately the price drops to zero, boom you lose everything. And you still don't think the both scenarios are the same?
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It is very important that an investor should refrain from taking too hasty decisions and take the right decision after reviewing the market conditions. A novice investor should start with steady accumulation from his discretionary income and stick to the long term trend. An investor should tend to continuously accumulate cryptos until his portfolio is of a decent size so that he can opt for short-term trading at a later stage.
Actually we are talking about newbie trader here but it is okay if you also want to discuss about newbie investor. Sure, it is almost the same as newbie trader, there is no need too hurry. Both newbie trader and newbie investor should take time to learn everything carefully first. This way will minimize the chance of severe losses, this also will increase the chance for the success both in trading and investment. Having good portfolio isn't an easy thing, it must through deep analysis. Only people who have good knowledge that can do deep analysis or research.
From my own perspective, it is only traders that needs deep knowledge and also much time to learn trading. An investor who wants to invest only in bitcoin and not altcoins only need the basic knowledge of bitcoin for him to start investing if his plan is to invest and hodli for a long term because he is only to be buying and not selling. If you are a short-term investor, it means that you are a trader, because invesment should be for a very long period of time in order for the investor to build, grow and noture the investment.
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Due to the very volatile nature of the crypto market, trading is considered a very bad idea, especially for the newbies in the space, although crypto trading can be exaggerated, thereby making people think and feel like it is actually the easiest way to make profit out of the crypto market, while it is the contrary.
A lot of people may think that trading in cryptocurrency can be a lot easier and many newbies got involved without readying themselves first. While I am not advising anyone to stay away from crypto trading all because there is really a big potential here to make big money, what we should promote is education. One has to learn the basics and then slowly get into the advanced level so as to minimize the risks involved. When one is not inclined to invest on educating himself, it would be good to just HODL for the long-term.
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Due to the very volatile nature of the crypto market, trading is considered a very bad idea, especially for the newbies in the space, although crypto trading can be exaggerated, thereby making people think and feel like it is actually the easiest way to make profit out of the crypto market, while it is the contrary.
A lot of people may think that trading in cryptocurrency can be a lot easier and many newbies got involved without readying themselves first. While I am not advising anyone to stay away from crypto trading all because there is really a big potential here to make big money, what we should promote is education. One has to learn the basics and then slowly get into the advanced level so as to minimize the risks involved. When one is not inclined to invest on educating himself, it would be good to just HODL for the long-term.
Many newbies have these misconceptions of trading via people who promoted these crypto stuffs online, most of these social media influencers make trading look so easy and that's why I really don't blame some of these newbies who suddenly become very enthusiastic about trading crypto without first acquiring the fundamental and necessary knowledges required to begin trading. Yes, I agree that people should focus more on promoting the need for proper education about trading, at least that way they can know just exactly what they're up against, the risks involved rather than prioritizing the potential benefits involved.
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Many newbies have these misconceptions of trading via people who promoted these crypto stuffs online, most of these social media influencers make trading look so easy and that's why I really don't blame some of these newbies who suddenly become very enthusiastic about trading crypto without first acquiring the fundamental and necessary knowledges required to begin trading. Yes, I agree that people should focus more on promoting the need for proper education about trading, at least that way they can know just exactly what they're up against, the risks involved rather than prioritizing the potential benefits involved.
I strongly think that social media influencers mostly give wrong ideas to those people who are new to cryptocurrency tradin they show that this is very profitable without effort. This incorrect view creates wrong thinking in mind of beginners who mostly start trading without learning basics.
Focus should change from promising big profits to teaching people importance of proper education and understanding risks. Encouraging responsible trading habits will help people to prepare for challenges and hesitancy leading to good and more successful trading choices.
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I strongly think that social media influencers mostly give wrong ideas to those people who are new to cryptocurrency tradin they show that this is very profitable without effort. This incorrect view creates wrong thinking in mind of beginners who mostly start trading without learning basics.
And that's why it's important for newbies who come into the crypto industry to very conduct an extensive research first before getting involved in any crypto project, regardless of the hype that surrounds that particular project, because these projects survive on hype with zero substance. So one will be making a great mistake by making investment decisions solely on the information they receive online because most of those information received online are mostly false.
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I witnessed a lot of online complaints from users who claimed that influencers led them wrongly in trading, because they makes it look easy for them, but it was their fault because only the rude people will follow influencers advice. My main issue is that they portray trading as a poor job. Although trading takes a high risk but it risk can be reduced by doing thorough research before participating, you will definitely going to lose huge money if you lack the understanding of it.
I can't handle trading pressure right now, which is what keeps me from practicing it, but I'll keep researching it and hope to begin it soon.
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I witnessed a lot of online complaints from users who claimed that influencers led them wrongly in trading, because they makes it look easy for them, but it was their fault because only the rude people will follow influencers advice. My main issue is that they portray trading as a poor job. Although trading takes a high risk but it risk can be reduced by doing thorough research before participating, you will definitely going to lose huge money if you lack the understanding of it.
I can't handle trading pressure right now, which is what keeps me from practicing it, but I'll keep researching it and hope to begin it soon.
I understand why you are worried about influencers giving false ideas about trading. They make it seem easy but trading has big risks. However learning and researching can reduce those risks. It is good to learn before starting to trade because it requires mental toughness, self control, patience and managing risks. Keep learning from trustworthy sources and know your limits. When you are ready, you will be prepared. Trading needs constant learning so get guidance from reliable sources to avoid big financial losses and stress.
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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.
Your words are right.... As a newbie, you have alot to do before venturing into trading...
At first, you need the knowledge both from a tutor, research and all possibilities in getting to know how the market works; which ranges from understanding basic candlesticks pattern, basic analysis of the market and comprehending market flow/trend.
As a beginner, you need to dedicate much of your time in it.... But it doesn't end at just gathering the knowledge but also having the experience because even a professional trader loss money....
Trading doesn't respect the fact that you are professional or not, whenever your analysis of the market is wrong you are bound to make losses. That is the reason you also have to get a risk management skill.. and the ability to control your greed and fear index when trading.
As a newbie, you don't have to get scared in venturing into trading rather spend much time in gathering the knowledge and corresponding experience on how the market flows... Then you'll likely see the fun behind trading.
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So to get started in trading? what are some good resources to learn from?
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I witnessed a lot of online complaints from users who claimed that influencers led them wrongly in trading, because they makes it look easy for them, but it was their fault because only the rude people will follow influencers advice. My main issue is that they portray trading as a poor job. Although trading takes a high risk but it risk can be reduced by doing thorough research before participating, you will definitely going to lose huge money if you lack the understanding of it.
I can't handle trading pressure right now, which is what keeps me from practicing it, but I'll keep researching it and hope to begin it soon.
I will reword the term "rude" and will change it into "blind". Why? Because only blind people are the ones that are following an influencer's advice. There's a lot of complaints indeed, but these influencers don't care because most of them have only one thing on their mind and that is "MONEY".
To those newbies out there, I'm not saying that don't ever try trading because we all have an opportunity to trade. Just follow the right person though, and always, always learn from the experts. One more is that don't go all in when you're a newbie. Don't invest all of your money at your first try because there's a high chance that you will be losing your money when you're still starting. Experience matters when you want to trade and be successful in trading, and the only way to gain experience is you trade yourself.
Let's not discourage those newbies from trading, and instead let's guide them to be better.
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I witnessed a lot of online complaints from users who claimed that influencers led them wrongly in trading, because they makes it look easy for them, but it was their fault because only the rude people will follow influencers advice. My main issue is that they portray trading as a poor job. Although trading takes a high risk but it risk can be reduced by doing thorough research before participating, you will definitely going to lose huge money if you lack the understanding of it.
I can't handle trading pressure right now, which is what keeps me from practicing it, but I'll keep researching it and hope to begin it soon.
I understand why you are worried about influencers giving false ideas about trading. They make it seem easy but trading has big risks. However learning and researching can reduce those risks. It is good to learn before starting to trade because it requires mental toughness, self control, patience and managing risks. Keep learning from trustworthy sources and know your limits. When you are ready, you will be prepared. Trading needs constant learning so get guidance from reliable sources to avoid big financial losses and stress.
Most influencers do make sweet promises and sometimes many believe and follow them even though they themselves have not necessarily done it, and it is natural that some people really didn't trust influencers until now because of the many experiences that have happened.
I agree with you more, it is a good idea to learn before starting trading, because this is very complicated and not easy to do in a short time, it takes a process to be able to understand all the movements well, before you finally decide to start trading. Remember experience of trading will be able to quickly know what we need to do.
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I witnessed a lot of online complaints from users who claimed that influencers led them wrongly in trading, because they makes it look easy for them, but it was their fault because only the rude people will follow influencers advice. My main issue is that they portray trading as a poor job. Although trading takes a high risk but it risk can be reduced by doing thorough research before participating, you will definitely going to lose huge money if you lack the understanding of it.
I can't handle trading pressure right now, which is what keeps me from practicing it, but I'll keep researching it and hope to begin it soon.
I understand why you are worried about influencers giving false ideas about trading. They make it seem easy but trading has big risks. However learning and researching can reduce those risks. It is good to learn before starting to trade because it requires mental toughness, self control, patience and managing risks. Keep learning from trustworthy sources and know your limits. When you are ready, you will be prepared. Trading needs constant learning so get guidance from reliable sources to avoid big financial losses and stress.
Most influencers do make sweet promises and sometimes many believe and follow them even though they themselves have not necessarily done it, and it is natural that some people really didn't trust influencers until now because of the many experiences that have happened.
I agree with you more, it is a good idea to learn before starting trading, because this is very complicated and not easy to do in a short time, it takes a process to be able to understand all the movements well, before you finally decide to start trading. Remember experience of trading will be able to quickly know what we need to do.
I agree with you. Following influential traders can lead to financial losses for retail investors. I see that large volume investors have different investment strategies and they diversify their portfolios through various purchases and are ready to take profits as and when the opportunity arises. On the other hand, retail or medium investors have to keep depositing for several years. For them, the risk of trading is high. You should stick with it to understand the market situation and have a habit of buying any size regularly and at the same time keep the mindset of holding. The tendency to trade for profit in the beginning can be a wrong decision. In my opinion, to become experienced in trading, you need to immerse yourself in the market and try to get holding regularly.
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I witnessed a lot of online complaints from users who claimed that influencers led them wrongly in trading, because they makes it look easy for them, but it was their fault because only the rude people will follow influencers advice. My main issue is that they portray trading as a poor job. Although trading takes a high risk but it risk can be reduced by doing thorough research before participating, you will definitely going to lose huge money if you lack the understanding of it.
I can't handle trading pressure right now, which is what keeps me from practicing it, but I'll keep researching it and hope to begin it soon.
I understand why you are worried about influencers giving false ideas about trading. They make it seem easy but trading has big risks. However learning and researching can reduce those risks. It is good to learn before starting to trade because it requires mental toughness, self control, patience and managing risks. Keep learning from trustworthy sources and know your limits. When you are ready, you will be prepared. Trading needs constant learning so get guidance from reliable sources to avoid big financial losses and stress.
Most influencers do make sweet promises and sometimes many believe and follow them even though they themselves have not necessarily done it, and it is natural that some people really didn't trust influencers until now because of the many experiences that have happened.
I agree with you more, it is a good idea to learn before starting trading, because this is very complicated and not easy to do in a short time, it takes a process to be able to understand all the movements well, before you finally decide to start trading. Remember experience of trading will be able to quickly know what we need to do.
This is why you should really be that careful when seeing things around on which you should really be that at least realistic on what you are really that dealing into and make it sure that you wont be getting blinded with sweet words and promises because if you do find out something which seems too good then you should really be that careful when you do tend to make out some engagement. It will really be just that impossible that you cant be able to determine on what are the things which are realistic and which are those are fake ones or really that too deceiving, so better watch out.
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I witnessed a lot of online complaints from users who claimed that influencers led them wrongly in trading, because they makes it look easy for them, but it was their fault because only the rude people will follow influencers advice. My main issue is that they portray trading as a poor job. Although trading takes a high risk but it risk can be reduced by doing thorough research before participating, you will definitely going to lose huge money if you lack the understanding of it.
I can't handle trading pressure right now, which is what keeps me from practicing it, but I'll keep researching it and hope to begin it soon.
I understand why you are worried about influencers giving false ideas about trading. They make it seem easy but trading has big risks. However learning and researching can reduce those risks. It is good to learn before starting to trade because it requires mental toughness, self control, patience and managing risks. Keep learning from trustworthy sources and know your limits. When you are ready, you will be prepared. Trading needs constant learning so get guidance from reliable sources to avoid big financial losses and stress.
Most influencers do make sweet promises and sometimes many believe and follow them even though they themselves have not necessarily done it, and it is natural that some people really didn't trust influencers until now because of the many experiences that have happened.
Yes, and that's why they are called influencers, not just in crypto though, even in gambling there are a lot and very dangerous if you think that what they said is true. And the thing with this influencers is that they really have that gift of the tongue and talks very convincing.
I agree with you more, it is a good idea to learn before starting trading, because this is very complicated and not easy to do in a short time, it takes a process to be able to understand all the movements well, before you finally decide to start trading. Remember experience of trading will be able to quickly know what we need to do.
Education is the key here in crypto, if you are a beginning, I will tell that the first thing that you should learn is where to put your crypto. So you have to choose a wallet that you have control of. Same with trading, there are a lot of intricacies early on but you should focus on the basics first before diving on more complicated way to trade.
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I witnessed a lot of online complaints from users who claimed that influencers led them wrongly in trading, because they makes it look easy for them, but it was their fault because only the rude people will follow influencers advice. My main issue is that they portray trading as a poor job. Although trading takes a high risk but it risk can be reduced by doing thorough research before participating, you will definitely going to lose huge money if you lack the understanding of it.
I can't handle trading pressure right now, which is what keeps me from practicing it, but I'll keep researching it and hope to begin it soon.
I understand why you are worried about influencers giving false ideas about trading. They make it seem easy but trading has big risks. However learning and researching can reduce those risks. It is good to learn before starting to trade because it requires mental toughness, self control, patience and managing risks. Keep learning from trustworthy sources and know your limits. When you are ready, you will be prepared. Trading needs constant learning so get guidance from reliable sources to avoid big financial losses and stress.
patience is something that beginners should do if they really want to succeed in trading but the problem is they think that trading is just something that can be done without skill, experience and effort.
trading is not an easy matter, the money earned can be lost in the blink of an eye when taking the wrong position, don't be easily provoked by anything on social media, it's all fake.
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patience is something that beginners should do if they really want to succeed in trading but the problem is they think that trading is just something that can be done without skill, experience and effort.
trading is not an easy matter, the money earned can be lost in the blink of an eye when taking the wrong position, don't be easily provoked by anything on social media, it's all fake.
I learned how to be patient when I start trading in crypto. Back in the days before I start crypto trading, I was impatient, but not to a point where it takes seconds for me to be impatient. I mean I'm more patient now thanks to crypto trading. When you're starting with trading, you have no skill and experience obviously, so if you want to earn those 2, you need to go out there and trade using your real money. Some recommend using a demo account, but the emotions are completely different.
Speaking of "money earned can be lost in the blink of an eye", just think of the $1.7 Billion amount of liquidation that happened when the market went down out of nowhere. :D
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Education is the key here in crypto, if you are a beginning, I will tell that the first thing that you should learn is where to put your crypto. So you have to choose a wallet that you have control of. Same with trading, there are a lot of intricacies early on but you should focus on the basics first before diving on more complicated way to trade.
This is a mistake that a lot of newbies make when they freshly enter the crypto space, undermining the importance of choosing the right wallet to store their assets while only focusing more on the profitability aspect of crypto. They’re often ignorant of the fact that the safety of one’s assets is 100% dependent on where they choose to store their funds, some make the mistake of choosing a centralized wallet or exchange as their storage space without realizing the dangers involved in this act.
An investor’s choice of wallet is just as important as the assets itself because security and safety of the assets should be paramount to every other factor because one single mistake can make you lose several years of investment and accumulation in seconds. So investors should learn to prioritize choosing the right wallet or storage options for their assets.
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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 mean new crypto users who are new to the crypto trading space right? Everything still falls to having that first enlightenment about something, the do’s and don’ts that will further assist and shape your journey in the crypto world. Trading within the basic knowledge of it will only lead to a big catastrophe, losing your money in the blink of an eye. Trading requires constant practice to grow and become better and get to a certain level of perfection to call yourself a profitable trader.
Education is the key here in crypto, if you are a beginning, I will tell that the first thing that you should learn is where to put your crypto. So you have to choose a wallet that you have control of. Same with trading, there are a lot of intricacies early on but you should focus on the basics first before diving on more complicated way to trade.
You can’t want to build a house, without laying a good block foundation to uphold the house well. So in trading, newbie traders also need to learn what trading entails and how it can be of help and also be a disaster to them if they don’t follow it the right way. There’s always a beginners luck in trading, when you experience that, don’t risk much and be more confident that you’re good to go. Trading involves losses and if you have to become successful, you have to learn more through your losses than through your wins.
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Trading is very much profiting, but it needs time to read, learn, and practice. In trading there are lots of things that as a new trader, you must be aware of, some of which includes; understanding how to read market candles, analyze the market, knowing how to follow-up trends, when to enter and exit trades, how to protect your profit and manage your loses etc. These are the ones that relates to reading and personal research, through books online articles etc.
When it comes to you as a person, there comes in Discipline Yes. It could sound as simple and easy as it could be, but very important as a trader. In the market, that's where greed will come in, and this causes serious disaster when it is not controlled. Having a set price target to take out from the market and maintaining that price, will save a lot of horrors.
As the market is filled with lots of profits, so are there loses, when proper caution is not taken. As one can make up to $1,000 in a single trade, so can all capital be forfeited. Profits are attainable in the market, so should you also prepare for loses. I guess that's what makes the balance.
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Trading is very much profiting, but it needs time to read, learn, and practice. In trading there are lots of things that as a new trader, you must be aware of, some of which includes; understanding how to read market candles, analyze the market, knowing how to follow-up trends, when to enter and exit trades, how to protect your profit and manage your loses etc. These are the ones that relates to reading and personal research, through books online articles etc.
Trading is very profitable and at the same time it can be very frustrating especially at the very beginning. Trading requires a ton of experience for you to be able to fully master market dynamics and your personal trading strategy. The problem is many persons are not patient enough to gain experience solid enough to gain a higher winning stance.
Most times after reading a lot of text and test running different strategies on probably a demo they rush into live trading with the mindset that they are grounded enough however in the end the bag more losses than winning. Sometimes strategies can fail but that doesn't mean trading is not profitable.
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Trading is very much profiting, but it needs time to read, learn, and practice. In trading there are lots of things that as a new trader, you must be aware of, some of which includes; understanding how to read market candles, analyze the market, knowing how to follow-up trends, when to enter and exit trades, how to protect your profit and manage your loses etc. These are the ones that relates to reading and personal research, through books online articles etc.
Trading is very profitable and at the same time it can be very frustrating especially at the very beginning. Trading requires a ton of experience for you to be able to fully master market dynamics and your personal trading strategy. The problem is many persons are not patient enough to gain experience solid enough to gain a higher winning stance.
Most times after reading a lot of text and test running different strategies on probably a demo they rush into live trading with the mindset that they are grounded enough however in the end the bag more losses than winning. Sometimes strategies can fail but that doesn't mean trading is not profitable.
all trading aims to make a profit and do not want to accept the losses that occur but in practice anything can happen if you anticipate wrong what has been done. so it is true what you say that in the end experience is inevitable for everything we will do, including trading. can be from reading and getting the right information or directly practicing with the smallest nominal that can be done so that you are able to identify weaknesses that may occur.
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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.
I agree with you, any experience is always better than no experience at all. Cause no experience keeps you on same spot in same industry/community.
Not starting at all is a set back of knowing anything related to it. I don't aline with the idea of staying away from crypto trading, as there will be no way one can have ideas or knowledge about the market without going into the market. Staring with spot trading is a way of trading, which is mostly used by long term holders. Whether long or short, that's a form of trading.
To get used to other features of crypto trading exchanges, one can start practicing with demo account, and when funding the real trading account, it is advisable to start with little capital in which when losses comes, you can be able to manage the losses, both financially and emotionally.
As experienced traders are in the market, they make lots of profits, that's true, yet they face losses, which is a normal thing in the market. This also applies in the real world, where one can buy any goods at a high rate with the aim to resale at a considerable price so as to attain profit and the price drops, he/she faces losses, it doesn't matter if they've been in the real world form of trading/business for years or not.
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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 for everyone, it requires careful consideration and education before jumping in. Trading is challenging and risky, but acquiring necessary knowledge, managing time effectively, and staying updated with market news can make it more manageable.
Losses are unpredictable, and it's impossible to know when they'll occur. Unfortunately, lost money cannot be retrieved. Greed can lead to overpricing commodities, and if left unchecked, can result in even greater losses.
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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 for everyone, it requires careful consideration and education before jumping in. Trading is challenging and risky, but acquiring necessary knowledge, managing time effectively, and staying updated with market news can make it more manageable.
Losses are unpredictable, and it's impossible to know when they'll occur. Unfortunately, lost money cannot be retrieved. Greed can lead to overpricing commodities, and if left unchecked, can result in even greater losses.
Sometimes people learn in theory but not a few who directly practice. Trading can be done in that way and I agree that trading is very risky and must always be with good analysis and courage in making decisions when to buy and when to let go to make a profit. I agree that greed can make the way to anticipate can be wrong, because that everything must also be considered well before anticipation can be wrong, because losses will not be able to return immediately.
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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 for everyone, it requires careful consideration and education before jumping in. Trading is challenging and risky, but acquiring necessary knowledge, managing time effectively, and staying updated with market news can make it more manageable.
Losses are unpredictable, and it's impossible to know when they'll occur. Unfortunately, lost money cannot be retrieved. Greed can lead to overpricing commodities, and if left unchecked, can result in even greater losses.
Lost money can be retrieved if you will be profitable in trading.
At first, trading will be difficult. Same as if you are learning a new skill because trading is a skill where you can make money through it. It will cause you a considerable amount of money depending on how quick you are to be profitable. Greed is one problem when it comes to trading, but as you learn and you gain more experience, you will learn how to control yourself. The market is unpredictable though, and I saw it first-hand when the market went down pretty hard last week.
Trading is not for everyone and it's not for those who are easily panicking when they see their portfolio down double digits. If you're panicking very easily, stay away from trading. If you're not ready to lose money in trading at first, stay away from it.
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Trading is not for everyone, it requires careful consideration and education before jumping in. Trading is challenging and risky, but acquiring necessary knowledge, managing time effectively, and staying updated with market news can make it more manageable.
Losses are unpredictable, and it's impossible to know when they'll occur. Unfortunately, lost money cannot be retrieved. Greed can lead to overpricing commodities, and if left unchecked, can result in even greater losses.
Sometimes people learn in theory but not a few who directly practice. Trading can be done in that way and I agree that trading is very risky and must always be with good analysis and courage in making decisions when to buy and when to let go to make a profit. I agree that greed can make the way to anticipate can be wrong, because that everything must also be considered well before anticipation can be wrong, because losses will not be able to return immediately.
[/quote]I think many people just take learning from social media after many people show off their trading achievement, but when practice looks not easily how difficult manage in trading to earn much profitable. In trading have bigger risk when have wrong way with potential become long term holder but if brave to cut loss have opportunity get faster recovery.
Before make fatal mistake in trading must learn more about what is the right way for trading and easily to earn much profitable, its make fatal mistake in trading have potential loss our assets.
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Sometimes people learn in theory but not a few who directly practice. Trading can be done in that way and I agree that trading is very risky and must always be with good analysis and courage in making decisions when to buy and when to let go to make a profit. I agree that greed can make the way to anticipate can be wrong, because that everything must also be considered well before anticipation can be wrong, because losses will not be able to return immediately.
You are actually right theory is easier to grasp but where the challenge is is actually applying that particular theory and also gaining experience from it from constant practice and perfection. Most newbie traders see so many set ups being taught on social media and other sources and want to see an exact replica of that to execute but it doesn't work that way.
Many newbies ignore the fundamentals and the effects of fundamental factors on the market and sonner volatility takes the better of them.the market isn't direct because that's how liquidity is being generated.
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You are to stay away from trade not because you're new to it, but because you have to realized what is needed to be known concerning trade before you could move closer, this is the only way we could trade and avoid being a failure, another thing to do is by not getting it the wrong way, trading is not a game for the boys, if we have the knowledge in it, then can afford to take the risk, we are free to go for it, but not for the newbies to trade when they are not having a full understanding of what it is.
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You are to stay away from trade not because you're new to it, but because you have to realized what is needed to be known concerning trade before you could move closer, this is the only way we could trade and avoid being a failure, another thing to do is by not getting it the wrong way, trading is not a game for the boys, if we have the knowledge in it, then can afford to take the risk, we are free to go for it, but not for the newbies to trade when they are not having a full understanding of what it is.
Fair point though, knowledge, experience and understanding really reduces the risk and increase the chance of success in trading. Either newbie or legend knowledge is really important to take before going into trading not only trading alone even most activities in our daily lives.
Having a better understanding will really move you forward to success and growth. This is an advice for newbie make a lot of research and learn a lot, more information so you could stand a chance to be successful in trading. Despite the risk you will surely win after a lot of understanding.
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You are to stay away from trade not because you're new to it, but because you have to realized what is needed to be known concerning trade before you could move closer, this is the only way we could trade and avoid being a failure, another thing to do is by not getting it the wrong way, trading is not a game for the boys, if we have the knowledge in it, then can afford to take the risk, we are free to go for it, but not for the newbies to trade when they are not having a full understanding of what it is.
If you think you have no proper knowledge, it is better to stay away. But when you already have proper knowledge, you can join trading for sure. Regarding the potential of failure, it can happen for any level of traders. However, we can deal with the chance of failure when we have the knowledge and experience. We must always feel afraid of trading, we must start trading if we want to get the experience. The main point is to have knowledge first, so we can deal with everything.
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Trading is very much profiting, but it needs time to read, learn, and practice. In trading there are lots of things that as a new trader, you must be aware of, some of which includes; understanding how to read market candles, analyze the market, knowing how to follow-up trends, when to enter and exit trades, how to protect your profit and manage your loses etc. These are the ones that relates to reading and personal research, through books online articles etc.
When it comes to you as a person, there comes in Discipline Yes. It could sound as simple and easy as it could be, but very important as a trader. In the market, that's where greed will come in, and this causes serious disaster when it is not controlled. Having a set price target to take out from the market and maintaining that price, will save a lot of horrors.
As the market is filled with lots of profits, so are there loses, when proper caution is not taken. As one can make up to $1,000 in a single trade, so can all capital be forfeited. Profits are attainable in the market, so should you also prepare for loses. I guess that's what makes the balance.
I think that you could express a best opinion in your comment. Actually, we can see that trading is one of the best profitable source in crypto currency market. Because if we can understand in cryptocurrency market, we can earn best profit from trading system. So I think that we should trying to understand in cryptocurrency market and trading system. Because we know that trading is very risky for us. So if we don't understand in best trading, we should stay away from trading system.