Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Smcchamp on April 23, 2024, 11:41:43 AM
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
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I don't advice entering a competition when you not yet skilled or experienced.
Is not worth it
You will make losses that wouldn't meet the reward. Future trading is risky like very risky as a newbie trader focus on spot to build your experience before jumping in a sea filled with sharks.
Don't forget people competing are individuals that have been running future trading for years or sometime. Not to sound persimistic I don't see you winning. Just focus on building on your skill steadily and gaining experience in spot not future though.
Personally though I would advice on long term holding. It's more profitable and less risky in the long run.
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I don't advice entering a competition when you not yet skilled or experienced. Is not worth it You will make losses that wouldn't meet the reward. Future trading is risky like very risky as a newbie trader
I would 100% agree with this advice most especially for a newbie like you. Future trading is not something that a newcomer like you should get into as there are more risks here...though seasoned traders can do well since they already have their foundations laid down and they know the many ins and outs of the business. Though, if you think that you know how to control your risk exposure, then get in for the sake of the experience and the lessons you can learn. All I would say is: be always careful and never let your emotions ruin your decision-making process. Good luck, man!
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I don't advice entering a competition when you not yet skilled or experienced.
Is not worth it
You will make losses that wouldn't meet the reward. Future trading is risky like very risky as a newbie trader focus on spot to build your experience before jumping in a sea filled with sharks.
Don't forget people competing are individuals that have been running future trading for years or sometime. Not to sound persimistic I don't see you winning. Just focus on building on your skill steadily and gaining experience in spot not future though.
Personally though I would advice on long term holding. It's more profitable and less risky in the long run.
This is a really good advise. Will focus more on my skills improve. But I should share it here. Maybe more experienced traders could benefit..(Google search Trade to win the LV bag, Rolex andTesla model S) to know more..
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My simple advice for you is to learn trading first and when you master it then you may take part in such competitions. I can give you 10 + more advices as a trader but those won't be helpful for you, as you're taking part in that competition purely because of the greed part, and trust me greed is the worst enemy of the traders.
Just begin learning trading by taking some good online courses and when you learn enough of the concepts then you may try to make a trading plan that may allow you maximum success rate. Make a proper trading strategy with a very good trading plan then you will be profitable as a trader.
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Futures trading is the riskiest I've ever experienced... where when you start entering the realm of futures trading, you shouldn't force yourself to use high leverage from the start. It's true, it offers high profits when you start trade with high leverage, but understand that many assets are liquidated due to futures trading using high leverage.
So... start with the smallest leverage... that you can apply first to start exploring the world of futures trading.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
The rewards are not worth the risk of your money.
Futures is a kind of trading should be avoided by all no matter how good they're in trading and since you said yourself a newbie don't even bother trying.
The most common criteria in such competition is to have certain amount of trading volume in the given time which could be met by someone who has huge trading capital in just one or two trade.
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I'm a newbie trader who recently came across a futures trading challenge.
If you're a newbie trader, you need to focus on first increasing the knowledge that you have by learning and sharpening your skills through more educational materials or personal experience shared with you by another trader, because engaging in a trading challenge before you're ready to partake in such a challenge can put you in a state of mind that you get depressed from losing and will get you thinking that trading is not something for you or something that you can ever be successful in.
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This is a really good advise. Will focus more on my skills improve. But I should share it here. Maybe more experienced traders could benefit..(Google search Trade to win the LV bag, Rolex andTesla model S) to know more..
First of all, my advice for all traders is to hone their trading skills and emotional management.
Regarding the trading competition, you may be referring to Bitget's event. As I can see, the competition's requirements are not related to profit but only to trading volume in Future trading, typically millions of USDT. I do not participate in Future trading and do not know specifically how to calculate trading volume on Bitget. Can we use 1000 USDT and leverage x100 to get a volume of 100K USD? I hope that participants in this competition and other Bitget users will provide more information.
I don't know if you are a new trader, but if you are, do your research and be careful with future trading.
- Bitget warning (https://www.Bitget ( [url=https://www.altcoinstalks.com/index.php?topic=329791.0) )/events/activities/d5c01060cd3f58d0a81278ec49cd78cf]Trade to win the LV bag, Rolex and Tesla model S！[/url]
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This is a really good advise. Will focus more on my skills improve. But I should share it here. Maybe more experienced traders could benefit..(Google search Trade to win the LV bag, Rolex andTesla model S) to know more..
First of all, my advice for all traders is to hone their trading skills and emotional management.
Regarding the trading competition, you may be referring to Bitget's event. As I can see, the competition's requirements are not related to profit but only to trading volume in Future trading, typically millions of USDT. I do not participate in Future trading and do not know specifically how to calculate trading volume on Bitget. Can we use 1000 USDT and leverage x100 to get a volume of 100K USD? I hope that participants in this competition and other Bitget users will provide more information.
I don't know if you are a new trader, but if you are, do your research and be careful with future trading.
Trading volume is usually calculate using PNL and starting with 1k usd could be a good idea but still depends on your trading skills to rack up more profit than loss to hit the targeted trading volume. My focus here is the minimal $50 Sol reward for the 2m usd trading volume cos that's feasible for me right now.
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I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
There are several things I caught from your post here:
- You are a newbie in trading
- You are also a newbie in future trading
- You want to take part in the future trading challenge/competition
- You still don't know how.
then, all I can say is:
Don't follow the challenge.
Yes, why?
Because you really aren't ready for that. Did you know that futures trading is very risky? Even if you can make money, will you really run out? Are you aware of that? Or are you just thinking about the prizes and high profits that you can get from future trading? If yes, forget it. Future trading is more risky than ordinary spot trading. Even if you don't understand how to do it, this will be very risky.
It's better if you prepare yourself first, learn about spot trading first. If you understand indicator analysis, both TA and FA analysis, then you can start to increase your insight and knowledge in future trading. It also requires a lot of perseverance and knowledge. Because the risk is very high.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
What's your reason why you want to go futures trading when you're a newbie?
This might hurt you, but my tip if you want to join these trading challenges, don't join them at all.
Trust me, you will lose your money because you want to achieve enough trading volume for you to be eligible for the rewards. Those who has a huge capital at first, and those who have the knowledge are the ones that will be getting those rewards. Newbie trader doesn't stand a chance to those experts that's why not participating in these trading competitions is the one that I will advise to you.
If you really want to trade, learn more, get some experience and in a few months to years' time, if you are profitable in trading already, that's the time when you can compete for those rewards.
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You have confirmed that you are new to trading but you want to know about futures trading even though you are new to trading. You probably know about the fact that you can make a lot of money in a short period of time only through futures trading, but you may not be aware of the risks involved in futures trading. Futures trading is very much like gambling as in gambling you can lose your entire money completely, in futures trading if you trade with the expectation of extra profit and if the market goes in the opposite direction you will lose your money in no time. I would advise you in this regard first get a good understanding of spot trading and try to understand the market through spot trading and take risks then you plan for futures trading. First of all, if you plan on futures trading, the outcome is likely to be against you.
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Several time I participated in trading challenge exactly with Bybit have trading challenge every new coins listing, I checked with how many participants requirement and comparison with how much reward allocation for every user.
Usually I like with trading challenge reward based on altcoin reward distribution not get estimation in how much reward will earn if winning the trading competition, in Bybit has flash coins trading challenge with reward in altcoin and potential raise up to $100 above and its enough t cover how much fees spending with capital for trading. Not interested with trading challenge reward has allocated around $20 to $30 because requirement trade altcoin with potential loss around few percent.
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There are two situations that we need to address here. If its just a competition and you are not using real money (like its some demo trading type of thing) then we are going to suggest that you just go for the riskiest and biggest because if you end up winning then you end up winning and if you lose then you lose, the chances of doing safe and still win is impossible because you would have to end up with a lot of opponents who would just go for broke and risk it as much as possible. I would say that if its real money then as a newbie you should try to avoid that type of thing as much as possible, because it won't be possible for you to win against veterans when we are talking about real money.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
If you are a newbie trader then I will suggest you to avoid future trading as you can lose it all in one go and then you will regret recently a good traders having 3+ years of experience, lost million in one night just because he was doing future and market dipped and he was talking about suicide, but fortunately he left with some funds so he can start his journey again. The point is future is highly risky and its not for newbies.
You can do future, I am not stopping you but I am not doing it, find it equal to gambling, that's why I won't suggest this field to you, if you have less funds then wait a little bit and make small profits, once you will have enough profits then you should do spot on bigger scale and make bigger profit. Having less knowledge of trading, and joining future trading competition will empty your wallet in no time.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
Because you are a novice trader, I wouldn't recommend joining the futures trading challenge if you are unable to generate a profit. Trading challenges include several criteria, but I'm confident that winning trades is one of them. So, if you can make profit, especially if you are consistently winning trades, the challenge is good for you. The participants in the trading challenge came from many countries, and I believe they are quite profitable. So you should consider carefully about whether or not you should participate in the trading challenge.
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This is a really good advise. Will focus more on my skills improve. But I should share it here. Maybe more experienced traders could benefit..(Google search Trade to win the LV bag, Rolex andTesla model S) to know more..
First of all, my advice for all traders is to hone their trading skills and emotional management.
Regarding the trading competition, you may be referring to Bitget's event. As I can see, the competition's requirements are not related to profit but only to trading volume in Future trading, typically millions of USDT. I do not participate in Future trading and do not know specifically how to calculate trading volume on Bitget. Can we use 1000 USDT and leverage x100 to get a volume of 100K USD? I hope that participants in this competition and other Bitget users will provide more information.
I don't know if you are a new trader, but if you are, do your research and be careful with future trading.
Trading volume is usually calculate using PNL and starting with 1k usd could be a good idea but still depends on your trading skills to rack up more profit than loss to hit the targeted trading volume. My focus here is the minimal $50 Sol reward for the 2m usd trading volume cos that's feasible for me right now.
MrSpasybo here's a proper explanation of the Bitget's challenge. It's based on transaction volume as max cryptic explained. Min is 2m USD trading vol. This should be a motivator for me to sharpen my skills.. cant wait to show y'all my progress.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
Because you are a novice trader, I wouldn't recommend joining the futures trading challenge if you are unable to generate a profit. Trading challenges include several criteria, but I'm confident that winning trades is one of them. So, if you can make profit, especially if you are consistently winning trades, the challenge is good for you. The participants in the trading challenge came from many countries, and I believe they are quite profitable. So you should consider carefully about whether or not you should participate in the trading challenge.
Thanks. What book would you suggest for my development?
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
- You said you were a newbie, right? then you immediately entered futures trading and trading challenges. I'm just asking if you have any ideas on trading or know anything about it? because if your answer is nothing or just a little, maybe the only thing I can tell you is don't start there in futures trading.
it is better and better to start with the spot first because the futures trade is too complicated to do. if those who have knowledge of futures trade often still lose, you are still a newbie. But if you insist, it's up to you as long as good luck with the losses you will experience there.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
Because you are a novice trader, I wouldn't recommend joining the futures trading challenge if you are unable to generate a profit. Trading challenges include several criteria, but I'm confident that winning trades is one of them. So, if you can make profit, especially if you are consistently winning trades, the challenge is good for you. The participants in the trading challenge came from many countries, and I believe they are quite profitable. So you should consider carefully about whether or not you should participate in the trading challenge.
Thanks. What book would you suggest for my development?
To develop your Psychology in trading, I recommend to read "Atomic Habits" and "Trading in The Zone". There are also lot of books for trading that are good to read but make sure to read that first. Honestly, trading psychology is very important in trading because you can't survive in the long run if you have a bad mindset even if your trading strategy is working, because every time you trade there's a emotion and if you can't manage your emotion well it will end up losing your funds in the long run.
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I've never been interested in taking part in a trading challenge either, because I'm not confident with the size of the assets I currently have. Those who have tens of millions of USD have an easier time winning this competition, even though the prizes are never commensurate with the profits they have made.
As long as you are still a beginner, it's a good idea to keep learning trading like other beginners, and postpone taking part in trading contests. There are still many lessons that can be learned and can be maximized to generate profits.
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Trading is a lot of work that cannot be profited from without adequate knowledge about it. Trading is not for beginners. After educating yourself about trading, you should start trading.Because it is an alliance and a difficult process, you should not expect to make a profit on the first trade. And don't get discouraged because the successful traders you see today have a lot of failures and losses in their past.To be a good trader you need to be a good market analyst. Avoid multiple trades. Do not be greedy in the hope of more profit. You have to understand the market situation and treat it. If the market situation is bad, you have to refrain from trading.
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Trading is a lot of work that cannot be profited from without adequate knowledge about it. Trading is not for beginners. After educating yourself about trading, you should start trading.Because it is an alliance and a difficult process, you should not expect to make a profit on the first trade. And don't get discouraged because the successful traders you see today have a lot of failures and losses in their past.To be a good trader you need to be a good market analyst. Avoid multiple trades. Do not be greedy in the hope of more profit. You have to understand the market situation and treat it. If the market situation is bad, you have to refrain from trading.
That is trading that really means having superior knowledge and skills this process is constantly sharpened. A layman needs to caution that trading is nowhere near a get-rich scheme and cannot be started with the aim of earning a profit. It is a long journey probably a slow one most of the time but it is a process that is worth it if one is willing to be humble, willing to work, and willing to learn as they go. Every trader who is doing well in the current business was at one time humble having failed in previous businesses they learned from. That is why it is critically important not to get frustrated if in the beginning of your trading you began to lose, because such type of activity is a part of the formation of trader’s psychological profile and skills.
Actually, it could be noted that trading and an acute orientation in the market constitute one of the essential components of the overall trading strategy. Realization that the market situation has to be well understood and that one should not jump to decisions is an essential part of a mature strategy. Excessive trading without satisfactory analysis is not good as this will cause a trader to incur losses.
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That is trading that really means having superior knowledge and skills this process is constantly sharpened. A layman needs to caution that trading is nowhere near a get-rich scheme and cannot be started with the aim of earning a profit. It is a long journey probably a slow one most of the time but it is a process that is worth it if one is willing to be humble, willing to work, and willing to learn as they go. Every trader who is doing well in the current business was at one time humble having failed in previous businesses they learned from. That is why it is critically important not to get frustrated if in the beginning of your trading you began to lose, because such type of activity is a part of the formation of trader’s psychological profile and skills.
I agree with your opinion and also say how many people follow these things now? If we see in the field of trading, about 70% to 80% people remember trading as a thing where if you invest money, you can easily get a big profit back.
And the more terrible thing is that they depend on others and invest directly without using their own knowledge. Where most of the cases are seen they are suffering from loss. I myself made such a mistake in the beginning and used loss face.
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And the more terrible thing is that they depend on others and invest directly without using their own knowledge. Where most of the cases are seen they are suffering from loss. I myself made such a mistake in the beginning and used loss face.
It is strongly discouraged to trade only on the advice of others. Before entering trading, you should already have trading knowledge, at least you must know the basics.
If the basics already know that you can do your own analysis, trading is not easy but also not difficult to do.
which makes a person fail in gambling because there is no control and no knowledge where to buy and when to sell.
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It is strongly discouraged to trade only on the advice of others. Before entering trading, you should already have trading knowledge, at least you must know the basics.
If the basics already know that you can do your own analysis, trading is not easy but also not difficult to do.
which makes a person fail in gambling because there is no control and no knowledge where to buy and when to sell.
Trading is difficult for a person as long as he has no dependency on others and also has a good understanding of trading analysis. Those who have these two things in them, I think they can trade successfully and if they trade by depending on others, it will be seen that they will have a negative attitude towards trading due to loss and most likely they will take leave from trading.
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As long as you are still a beginner, it's a good idea to keep learning trading like other beginners, and postpone taking part in trading contests. There are still many lessons that can be learned and can be maximized to generate profits.
Only a greedy beginner would want to participate in trading contest. Usually the allocation for trading contest is usually low, max I have seen alocated by centralized exchanges is $50k, now imagine if a large number of traders tune in to that trading, what even an experience trader will get will not be upto $1k.
As a beginner, your focus is how to maximize your capital and make money from your experienced, leave the trading competition for people that want to because most of the time, trading contest is full of fake volume and such trades are trap, you might lose your capital due to the manipulation by the traders.
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i can't name the exchange but they once held a trading competition before where they airdrop their DAO tokens to users who have been staking their native tokens and i just participated on it. I immediately sold the DAO tokens and waited for the price to dip further and but back. i received about 29k of airdrop, sold them and when it dip, i bought back resulting me to hold 160k. waited again for the price to go up. i didn't win still but i think that was a good plan if only the competition was set to go longer, i might be able to double my DAO tokens.
that's the tip. just hurry trading even in the shorter time frame like in the 4hr chart since competition has time limit.
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Trading is a lot of work that cannot be profited from without adequate knowledge about it. Trading is not for beginners. After educating yourself about trading, you should start trading.Because it is an alliance and a difficult process, you should not expect to make a profit on the first trade. And don't get discouraged because the successful traders you see today have a lot of failures and losses in their past.To be a good trader you need to be a good market analyst. Avoid multiple trades. Do not be greedy in the hope of more profit. You have to understand the market situation and treat it. If the market situation is bad, you have to refrain from trading.
Yes you are right trading requires a lot of knowledge and experience to make money making it tough for beginners. Education is key but do not expect to succeed right away. Even experienced traders have big failures. To do well we need to understand markets and control our actions and avoid greed. Knowing when to stop trading during bad conditions is also important. With being careful and informed new traders can handle trading challenges and possibly achieve success in long run.
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Don't forget people competing are individuals that have been running future trading for years or sometime. Not to sound persimistic I don't see you winning. Just focus on building on your skill steadily and gaining experience in spot not future though.
What a nice advice. Funny enough OP might decide not to honour this advice. If he neglects it, I am already seeing the consequences.
This brings me to the question I have been longing to ask.
People who participate in such contests, do they do it for;
- Fun
- To gain more experience
- Or for money?
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Yes you are right trading requires a lot of knowledge and experience to make money making it tough for beginners. Education is key but do not expect to succeed right away. Even experienced traders have big failures. To do well we need to understand markets and control our actions and avoid greed. Knowing when to stop trading during bad conditions is also important. With being careful and informed new traders can handle trading challenges and possibly achieve success in long run.
In fact, it is not as easy as people think. There are people around us who are making millions of rupees in daily profit by trading and if we think if we start trading like him today, maybe we can also gain good profit and that's it. Either is our biggest mistake. A person who is earning millions of rupees a day by trading is definitely not new to trading and definitely has years of experience and practice behind it which we don't see. I came across an article where a trader was sharing his experience and journey where he mentioned that he developed back pain while sitting in front of the computer even though he sat in front of the computer for about 15 to 16 hours a day to learn trading. So earning money is not easy so first we have to do hardworking.
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What a nice advice. Funny enough OP might decide not to honour this advice. If he neglects it, I am already seeing the consequences.
This brings me to the question I have been longing to ask.
People who participate in such contests, do they do it for;
- Fun
- To gain more experience
- Or for money?
Maybe it's just for the sake of experience, or sometimes it's quite exciting trading because it competes with others to earn more profits.
But of course if they are beginners it will not have any impact, except training how they do trading.
Actually don't have to take part in contests, beginners who want to learn or like OP certainly need to learn every day to learn technical and fundamental analysis and practice trading psychology quite well.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
Future training is very risky so always be careful here. But if you only want to win a reward by completing a certain amount of trades, then you can only enter the trade with a high leverage and cancel the entry immediately, which will only increase your trading volume. However, it may cost you a few dollars, but it will not be a huge amount. But always be careful and don't wait too long with entry as your balance can go to zero very quickly if the market goes against your entry. I think it is not a very good plan to plan to get rewards by filling the nights of futures trading. Because here you can lose all your trading funds just by making a small mistake
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What a nice advice. Funny enough OP might decide not to honour this advice. If he neglects it, I am already seeing the consequences.
This brings me to the question I have been longing to ask.
People who participate in such contests, do they do it for;
- Fun
- To gain more experience
- Or for money?
Maybe it's just for the sake of experience, or sometimes it's quite exciting trading because it competes with others to earn more profits.
But of course if they are beginners it will not have any impact, except training how they do trading.
Actually don't have to take part in contests, beginners who want to learn or like OP certainly need to learn every day to learn technical and fundamental analysis and practice trading psychology quite well.
Yea, there's some kind of excitement that follows with competition, especially when you are on the winning side. If much money is not expended, beginners joining such contests could also increase their experience and boost their confidence if done in a right way.
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Yes you are right trading requires a lot of knowledge and experience to make money making it tough for beginners. Education is key but do not expect to succeed right away. Even experienced traders have big failures. To do well we need to understand markets and control our actions and avoid greed. Knowing when to stop trading during bad conditions is also important. With being careful and informed new traders can handle trading challenges and possibly achieve success in long run.
Yes, what you said is the reality not only in the field of trading, but in any sector of the world, if these two things are not there, then no one will sit you down and give you money.
And we have to keep in mind that not all things are for everyone because one thing can be observed that even if the back-bencher student of the school does poorly in the school, many times it is seen that the topper is in a bigger position than his uniqueness idea which is around another sector. And when they see the backbenchers, they should not think that they have got their position without any hardworking or knowledge or any skill. Of course they have given a lot of time to learn a thing and because of this hardworking they can become successful. Similarly, in the field of trading, both knowledge and experience are must needed.
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Yea, there's some kind of excitement that follows with competition, especially when you are on the winning side. If much money is not expended, beginners joining such contests could also increase their experience and boost their confidence if done in a right way.
This is a kind of place to pit their skills against each other so that they know what they lack in their knowledge of trading and what strategies are suitable to apply.
Participating in this kind of trading contest also makes them adrenaline rush so that it will cause a different feeling from the usual trading.
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- If you are a newbie in the crypto business industry and futures trading is the path they have chosen to enter right away, this is something I cannot recommend to a novice trader. We know that futures trading is very complicated, and it is not possible for those who do not know or know anything about trading.
It's just like this: futures trading is like a car that requires you to have a drivers license first, and second, learn how to drive a car first because if you drive a car immediately with no experience, you will definitely crash the car and have an accident.
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- If you are a newbie in the crypto business industry and futures trading is the path they have chosen to enter right away, this is something I cannot recommend to a novice trader. We know that futures trading is very complicated, and it is not possible for those who do not know or know anything about trading.
It's just like this: futures trading is like a car that requires you to have a drivers license first, and second, learn how to drive a car first because if you drive a car immediately with no experience, you will definitely crash the car and have an accident.
If you do not have experience and care, you should not choose futures trade because the risk is higher. Maybe we do trading spots, starting to study with features in the Exchange that is not too risky.
I have also tried trading futures and suffered defeat until I decided as a holder, because maybe I did not have the understanding in trading.
Only when I have free time I trading to get a little profit.
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- If you are a newbie in the crypto business industry and futures trading is the path they have chosen to enter right away, this is something I cannot recommend to a novice trader. We know that futures trading is very complicated, and it is not possible for those who do not know or know anything about trading.
It's just like this: futures trading is like a car that requires you to have a drivers license first, and second, learn how to drive a car first because if you drive a car immediately with no experience, you will definitely crash the car and have an accident.
If you do not have experience and care, you should not choose futures trade because the risk is higher. Maybe we do trading spots, starting to study with features in the Exchange that is not too risky.
I have also tried trading futures and suffered defeat until I decided as a holder, because maybe I did not have the understanding in trading.
Only when I have free time I trading to get a little profit.
In the case where we are not so confident, we should rather engage in spot trading since this has low risk compared to futures trading. From here, it will be possible to start learning without getting on the exchange and risking high losses at first. Sometimes it is actually the right decision to become a long-term asset holder if we do not master the different subtleties of more advanced trading. If instead of desperately seeking profit at any cost, we have free time to study the market, we will be more secure and less likely to lose a lot of money. This step helps us to get deeper insights into the market with less risks associated with our investments.
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- If you are a newbie in the crypto business industry and futures trading is the path they have chosen to enter right away, this is something I cannot recommend to a novice trader. We know that futures trading is very complicated, and it is not possible for those who do not know or know anything about trading.
It's just like this: futures trading is like a car that requires you to have a drivers license first, and second, learn how to drive a car first because if you drive a car immediately with no experience, you will definitely crash the car and have an accident.
If you do not have experience and care, you should not choose futures trade because the risk is higher. Maybe we do trading spots, starting to study with features in the Exchange that is not too risky.
I have also tried trading futures and suffered defeat until I decided as a holder, because maybe I did not have the understanding in trading.
Only when I have free time I trading to get a little profit.
If we feel that we do not have enough experience in futures trading, it is better to focus on spot trading which has a lower risk. By starting from simple features on the exchange, we can learn gradually without having to face the potential for large losses. Becoming a long-term asset holder can also be the right choice, especially if we do not fully understand the ins and outs of more complex trading. By trading only when we have free time and not rushing to find quick profits, we can maintain a balance between learning and reducing the risk of large losses. This step allows us to better understand the market while maintaining the security of our investments.
It would really be just that common sense that you should really be sticking into something on which a must because if you would really be trying out to rush things up then you would really be that prone into those tons of mistakes on which this is something that you should really be avoided or should really be trying out to minimize as much as you can.
It would really be that impossible that you wont really be aware on the things that been that dealing on with and would really be just that literally trying to stick on where
you do find yourself that efficient or something that you are really that profitable.
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- If you are a newbie in the crypto business industry and futures trading is the path they have chosen to enter right away, this is something I cannot recommend to a novice trader. We know that futures trading is very complicated, and it is not possible for those who do not know or know anything about trading.
It's just like this: futures trading is like a car that requires you to have a drivers license first, and second, learn how to drive a car first because if you drive a car immediately with no experience, you will definitely crash the car and have an accident.
If you do not have experience and care, you should not choose futures trade because the risk is higher. Maybe we do trading spots, starting to study with features in the Exchange that is not too risky.
I have also tried trading futures and suffered defeat until I decided as a holder, because maybe I did not have the understanding in trading.
Only when I have free time I trading to get a little profit.
If we feel that we do not have enough experience in futures trading, it is better to focus on spot trading which has a lower risk. By starting from simple features on the exchange, we can learn gradually without having to face the potential for large losses. Becoming a long-term asset holder can also be the right choice, especially if we do not fully understand the ins and outs of more complex trading. By trading only when we have free time and not rushing to find quick profits, we can maintain a balance between learning and reducing the risk of large losses. This step allows us to better understand the market while maintaining the security of our investments.
It would really be just that common sense that you should really be sticking into something on which a must because if you would really be trying out to rush things up then you would really be that prone into those tons of mistakes on which this is something that you should really be avoided or should really be trying out to minimize as much as you can.
It would really be that impossible that you wont really be aware on the things that been that dealing on with and would really be just that literally trying to stick on where
you do find yourself that efficient or something that you are really that profitable.
Yes, Every action that will be taken has to be based on priorities. It then becomes a lot more stressful because when we rush, we get things wrong, things that could actually have been done right in the first instance. On the other hand we are able to minimize the possibility of making errors and increase productivity while embracing the behaviors of thoroughness and patience.
Success is rooted in knowledge of what on our part we are up against. Being fully aware of our status, we can decide with the greatest effectiveness, by moving our actions into channels which will be best for our interests.
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Yes, Every action that will be taken has to be based on priorities. It then becomes a lot more stressful because when we rush, we get things wrong, things that could actually have been done right in the first instance. On the other hand we are able to minimize the possibility of making errors and increase productivity while embracing the behaviors of thoroughness and patience.
Success is rooted in knowledge of what on our part we are up against. Being fully aware of our status, we can decide with the greatest effectiveness, by moving our actions into channels which will be best for our interests.
I also know that addressing priorities cautiously makes little mistakes and maximizes efficiency. The laid-back approach to working allows one to progress through materials from the very beginning without a hitch.
Success springs from a clear understanding of the reality that we operate in and helps to make the best decisions that can be made in service of core objectives. And as we are fully aware of our current stand, it is possible to make the right moves that will enhance and deliver the best outcomes.
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Yes, Every action that will be taken has to be based on priorities. It then becomes a lot more stressful because when we rush, we get things wrong, things that could actually have been done right in the first instance. On the other hand we are able to minimize the possibility of making errors and increase productivity while embracing the behaviors of thoroughness and patience.
Success is rooted in knowledge of what on our part we are up against. Being fully aware of our status, we can decide with the greatest effectiveness, by moving our actions into channels which will be best for our interests.
I also know that addressing priorities cautiously makes little mistakes and maximizes efficiency. The laid-back approach to working allows one to progress through materials from the very beginning without a hitch.
Success springs from a clear understanding of the reality that we operate in and helps to make the best decisions that can be made in service of core objectives. And as we are fully aware of our current stand, it is possible to make the right moves that will enhance and deliver the best outcomes.
Responsibility and determination bring success.
Not just in a moment, but from the dedication put into it.
It's best when a person has a clear goal in mind and moves toward it.
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Success is rooted in knowledge of what on our part we are up against. Being fully aware of our status, we can decide with the greatest effectiveness, by moving our actions into channels which will be best for our interests.
Yes, but all that comes down to the fact that things can be done better, if we consider and give first place to money we know that we are doing it right, the things that we as traders, as investors consider that is another thing, but in an exchange, in a casino what is needed is to have money and that is what we can only consider well, money, if there is money, then things flow, if the money runs out neither an exchange nor a casino will give us the opportunity to play with 0 dollars, that is a fact then those things must be considered that is why the most important thing for me is to control money from the beginning.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
Future training is very risky so always be careful here. But if you only want to win a reward by completing a certain amount of trades, then you can only enter the trade with a high leverage and cancel the entry immediately, which will only increase your trading volume. However, it may cost you a few dollars, but it will not be a huge amount. But always be careful and don't wait too long with entry as your balance can go to zero very quickly if the market goes against your entry. I think it is not a very good plan to plan to get rewards by filling the nights of futures trading. Because here you can lose all your trading funds just by making a small mistake
I believe that trading is the best risky section in cryptocurrency world. So i am also agree with your comment. We also believe that future trading also be risky for anyone. So we must understanding in cryptocurrency market and trading system, then we could understand in trading system. If we follow in cryptocurrency market, we can see that many professional trader could success in trading. Because we know that, when we enter into trading we must be control our emotions and also be careful in trading system.
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Hey altcointalkers, what's good?
I'm a newbie trader who recently came across a futures trading challenge. To qualify for the rewards, you need to meet some requirements. As I've never done something like this before, I'd love to get tips and tricks from experienced traders who have participated in a trading challenge. Would be glad to hear your response.
Future training is very risky so always be careful here. But if you only want to win a reward by completing a certain amount of trades, then you can only enter the trade with a high leverage and cancel the entry immediately, which will only increase your trading volume. However, it may cost you a few dollars, but it will not be a huge amount. But always be careful and don't wait too long with entry as your balance can go to zero very quickly if the market goes against your entry. I think it is not a very good plan to plan to get rewards by filling the nights of futures trading. Because here you can lose all your trading funds just by making a small mistake
I believe that trading is the best risky section in cryptocurrency world. So i am also agree with your comment. We also believe that future trading also be risky for anyone. So we must understanding in cryptocurrency market and trading system, then we could understand in trading system. If we follow in cryptocurrency market, we can see that many professional trader could success in trading. Because we know that, when we enter into trading we must be control our emotions and also be careful in trading system.
The main key in trading is focus and controlling emotions, because knowledge and experience can be obtained by practicing but difficulty in controlling emotions will be fatal. I also experience confusion when trading when I have determined the target and the market moves up, sometimes I become greedy and end up losing. That's the difficulty of being a professional trader because we have to learn with all that risk management is also needed in trading.
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The main key in trading is focus and controlling emotions, because knowledge and experience can be obtained by practicing but difficulty in controlling emotions will be fatal. I also experience confusion when trading when I have determined the target and the market moves up, sometimes I become greedy and end up losing. That's the difficulty of being a professional trader because we have to learn with all that risk management is also needed in trading.
Indeed, Success in trading therefore depends on discipline and managing of the emotion than anything else. It is possible to gain knowledge and experience throughout the years, but otherwise, a lack of proper emotional regulation can have a very negative effect on the trading outcome. It becomes tempting to say, when the market is above expectations, that the trader should continue holding, but doing that due to the greed will always lead to losses that are so hard to come by.
I know that in order to be a professional trader I should be able to manage myself and my risks well. These above challenges are some of the experiences that make us more prepared to meet the market forces as they continue to evolve. Especially, the ability of how to avoid being disturbed by the limitations involved in trading is a great start towards creating consistency regarding the hitting of the identified targets.