Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: sonaa on August 15, 2024, 04:03:51 AM
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
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You can never be trading as much as you want as all of us have limitations primarily in terms of capital and in terms of skills. Trading crypto is not for the uninitiated. Trading is not for newbies though this is an open industry and all can start to learn on how to trade effectively. I myself is quite afraid of trading because of the possible risk of losing money. And that is why successful traders are always advising newcomers to take the necessary time to learn and hone the important mindset and skills in this business. Never go in without adequate armor not unless you are ready to burn your money...get educated and be mentored by others who have done already their shares of failures and success. When all is said and done, trading is open to all and you may achieve some success here but one must be prepared and must do some sacrifices.
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Yes of course. You can even trade in the super low timeframe and have so many trades that you want as long as you are doing it. This type of frequency would be hard IMO unless you have a trading bot like Gunbot.
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No of course you can't. Each platform has its own limitations on how much crypto you can buy or sell, and if you try to go over the limit it will just tell you to split the trade into smaller amounts so that you don't blow out the entire liquidity of the service.
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Go as slow as you can. The slower you are, the better it would be. You can trade as much as you want in crypto but the assets are very risky. Only very few ones are less volatile but sometimes the volatility can be very high. Patience can help alot.
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No, I can't trade in many cryptos where capital is an obstacle in my trading, but I will rotate trading not only on one crypto, seeing which ones have the potential to provide profits in the near future so that I can trade on other cryptos.
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Yes, because we must be prepared first in terms of knowledge and insight before entering the world of cryptocurrency trading. Because we will be trading, not gambling which only relies on luck.
Trading is not easy, it can even be said to be very complicated and complex. That's why, there is something called preparation, both in terms of knowledge, mentality, finances, and also our capacity to manage ourselves to remain stable in managing risk, emotions, and money when trading.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
One need to work hard to make money from crypto, and the hard work starts by investing time to learn about crypto trading, and other means through which money can be made from this industry - this is a better line compared to how you said it above.
Well, generally speaking, making money is not easy, same way it's kind of hard to get some thing that is really good, like people will often say that good things don't come easy.
Trading, investing are the two major ways to make money from crypto, and the knowledge on how to be effective in any of this areas; or perhaps; both; doesn't just fall on people desire it, those who desire need to work hard, invest time and sometimes, resourse to get the required knowledge, because again, nothing good comes easy.
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Trading is complex and that is be by learning gradually for you to become an expert and that is not a day work but it needs commitment and sacrifice of your time and money in order for you to acquire a good knowledge on trading. You need to practice first and that requires little money which is the amount that you can afford lose.
Exchanges have their trading amount limit and you cannot go beyond that limit making it impossible for you trade as much as you want. I will advise new beginners into the crypto space to invest before trading because the risk in trading is very high.
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As long as you have the capital to trade you can trade an much as you like in crypto. The market runs 247 even in the week ends like in stock ad forex market where there is market session.
But it affects the prices too when half the world is asleep and then by the time the half wakes up, there is a slight changes of the prices.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
You can learn how to do trade in less than five minutes and barely just a video tutorial from YouTube or something else is enough.
But making profits while trading is the real task that needs knowledge and experience so it will take time even though if you have enough capital. So start small and keep learning by reading a lot on your own and there are hundreds ways to refer the strategies and can come up with one that work for you.
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You are honest about how hard cryptocurrency trading is and that is great thing. Trading is not easy and takes much work to learn. It is good that you know better you need to take your time to learn and understand trading. It may take few months to get good in trading but if you keep trying and practicing you can do it earlier and you can get more experience. Be patient stay informed and do not rush into trades without knowing what you are exactly doing. Learning about trade is process and it is good to take it slow.
You should start by learning basics.. follow experienced traders.. and build your skills. Do not hesitate to ask questions or ask for help. Remember trading has risk so be careful while trading and responsible with your money. But if you keep trying and will choose right way you can become successful trader. And I will add one more suggestion for you firstly start from small amount or try demo account so this will grow your experience too.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Nothing worth it is easy to come around, you’ve to put that extra effort in order to be successful at it. Cryptocurrency trading can be worked on and be profitable also when you’re mastered the knowledge and can apply it well to your advantage. You can just jump into trading and start making money off it, if you do, then it’s just luck and your lucky days will come to an end sooner than later.
But with a proficient knowledge in trading, you’ll be more perfect and will earn more at trading. Limit into number of trades and how much you can trade comes from exchanges and only that you’ve to work with their terms to continue using their service but trading is always available to take at anytime.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Trading in general is something more advanced. Alot of traders on social medias would show you their success stories, making you believe that trading is that simple. Only the real traders will not even hide their loss so you can understand the kind of risk you are willing to take. As someone new into the market, it adviced not to engage in trading, for the mean time you can take your time to Invest in some good reliable coins in the market and hold. So long you do your research and avoid buying shit coins that will dump over time. Trading is profitable and at same time risky. So if one must understand the secrets behind these crypto trading then you must have years of experience first to help you see the bigger pictures of the market.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
How can you make a lot of money when you have no idea about it? Most of the people that tries to trade without prior knowledge are wasting their money.
It doesn't go like that even if you have hard work and you have money because it won't sum up with the idea of making lots of money.
I would believe you if you say that you make some out of luck but to say that you make a lot of money and you have no idea, it doesn't connect.
While I agree about it takes time and prolly months before you may learn about it but, one thing in reality is that not all traders make money but loses money.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
This market is in extremes, you can go low or you can go as high as you want, there is no limit. However, there is this thing called risk and with it you should understand what it involved specially if you are thinking of trading as much as you want. And if you are a newbie or doesn't have the experience, yes, you should take it slow.
There are some topics that covered it, so I will suggest that you go around the community and follow some tips. Just an advise though that it is very very hard in the beginning, and there will be time that you wanted to quit. And as I say, trading is not for everyone. But if you have the patience and this is what you love to do and so start slowly and build your portfolio in the next year or so.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money.
if you jump in on trading whether that is in crypto or not without prior knowledge it is almost guaranteed that you are going to experience some losses trading is very technical and time is extremely crucial so i do not think you can just learn as you go without experiencing some losses first
It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
of course it will be better to learn how to trade as soon as possible so that you can make money but there are many things to learn about trading there are platforms who allow you to practice with the market with not true money so maybe you can start with that after reading up some concepts
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Assuming you want to learn trading next, have you considered practicing on a demo trading platform or backtesting with open source trading bot to test your understanding of some indicators you want to use? It's not going to magically make you a genius trader, but it should remove the requirement of trading with your capital. It won't help you improve your emotional management for sure, but it should help a little bit with technical indicators analysis. And yea, you needs practice a lot if you want to focus on trading. It's a high-risk high-reward activity most of the time with a reason. CMIIW.
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Trading in the Crypto is not a series of making profit by which one can just wake up a high a d decides to indulge on like investing.
Even when investing has been so easy, you are still deemed to make research to find a befitted crypto currency to invest on, you would need to build your minds and finances are ready towards any impact.
Trading requires lot of impacts which could prompt inexperienced traders continues losts untill they are left empty wallets,.
So, before bargaining on trading in the Crypto, due process including the technical terminologies and finances must be staked noted and before you can start trading else the lost will be continues.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
I'll focus on the question according to the topic's name, but I don't understand if you're referring to trading frequency, the number of tokens in a portfolio, or the amount of money invested in this market.
If it's about trading frequency, humans can't compete with trading bots: they can execute thousands of orders per second. Most of the market's time is trendless, so traders spend most of their time monitoring the market and waiting for opportunities.
If you're talking about the number of tokens, it all depends on your capabilities. Following many price charts gives you an overview of the market's state and provides more trading opportunities. But it can also make it difficult to focus or deeply understand a single token price behavior.
If you're referring to the amount of money invested in this market, be cautious and start with $0, meaning use a demo account to gain experience. Capital management is an art, so understand it thoroughly before risking money in the crypto market.
Finally, you should control your greed within your own ability. The best way to allow for greater greed is to improve your own abilities.
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Trading requires lot of impacts which could prompt inexperienced traders continues losts untill they are left empty wallets,.
So, before bargaining on trading in the Crypto, due process including the technical terminologies and finances must be staked noted and before you can start trading else the lost will be continues.
Many novices in trading prefer to 'jump into the bandwagon' rather taking their time to learn the basic knowledge of trading cryptocurrencies. I called this jumping into the bandwagon because many people that are new into trading now prefer to bank on trading signals rather than learning the deepest aspect of trading and its technicalities. I am aware that it's not everyone who have the intellectual capability to acquire technical knowledge of crypto trading but one must learn the basic knowledge of crypto trading to attain some level of mastery and minimize loses.
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Crypto currency is not easy for me, I miss it somewhere in the rules,
What rules are you talking about, there is no general rule for crypto, you can trade as much as you want, it is up to you and your finances. However, it is smart not to rush into trading immediately you join the crypto network, there are a lot of things for you to learn and understand, starting off your crypto journey with trading is the fastest way to fall out of the crypto network.
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there are a lot of things for you to learn and understand, starting off your crypto journey with trading is the fastest way to fall out of the crypto network.
Especially without any knowledge about trading and only using feelings to determine when to enter and exit.
Some people also just want to get involved in trading because seeing others can be successful and a lot of trading ads that make him interested in getting into trading.
Even though Basic to enter trading is necessary, especially if a newbie does not know anything about crypto,
so first learn what crypto is and how trading works must be done.
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Some people also just want to get involved in trading because seeing others can be successful and a lot of trading ads that make him interested in getting into trading.
Yeah, some people even call themselves experts and sell trading signals to these newbies, i usually recommend that newbies never buy trading signals from anyone or join any trading groups, they are simply going to scam you.
Some traders usually deceive people online that they have made a lot of money from trading, i know people make money from trading, but these online personalities just do it so they can lure people and collect money from them for trading signals, newbies should not fall for it.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Somewhere in the rules? What are you talking about.
Reduces the profit of trading? You might be doing something wrong that caused you to lose your money. Whether you entered at the peak, or exited at a loss. There are no rules in crypto trading. As long as you have the money, you can do crypto trading.
That's the reason we always say to those aspiring traders to learn first and don't go all in on their first try because they have a very high chance of losing their money. Learning and making profit in trading will take months, just as when you're learning a new skill to offer to clients. Those expert traders now also spend a long time learning how to trade and make profit off of it, and now they became a successful trader.
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You can learn how to do trade in less than five minutes and barely just a video tutorial from YouTube or something else is enough.
But making profits while trading is the real task that needs knowledge and experience so it will take time even though if you have enough capital. So start small and keep learning by reading a lot on your own and there are hundreds ways to refer the strategies and can come up with one that work for you.
Learn basic trading is easily when watching Youtube channel with tutorial about trading in cryptocurrency, but consistent taking profit and minimize risk very difficult in cryptocurrency trading although many trader before have much experience but can't avoid from loss in trading.
Need to increasing our information in trading to avoid from loss because outside news have big influence to make bitcoin and altcoin will up or down, after making research before trading we need to know outside information exactly about economic news before predicting with price dump or pump.
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Need to increasing our information in trading to avoid from loss because outside news have big influence to make bitcoin and altcoin will up or down, after making research before trading we need to know outside information exactly about economic news before predicting with price dump or pump.
No matter how much we learn and how much experience we acquire still it is common that you lose while trading the only difference will be minimizing the potential loss and keep things under your control so that you can recover from the loss and carry on further.
Picking up coins and strategies are lot wider and even it may work for one and no one else so I won't comment about which coin to pick for making profits but my suggestion will be start low and with bitcoin.
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Can you trade as much as you want in Crypto currency??
First of all, my answer is : NO, I can't.
I can only trade as much as I can afford to loose, according to my budget and not force myself to trade so much that it makes me suffer. Because, I still have a life to live and I need money for that.
It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Surely, preparation when you want to trade is not only about money, so we should not rush into trading. Or we will later feel regret because we forced ourselves too much when we were not yet able. So, be patient and prepare ourselves first before entering into the world of crypto trading.
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No matter how much we learn and how much experience we acquire still it is common that you lose while trading the only difference will be minimizing the potential loss and keep things under your control so that you can recover from the loss and carry on further.
I really agree with you. We can't totally avoid the potential losses, it is impossible. However, we can minimize the potential losses if we have good knowledge and experience. We can consider many things, we can analyze some factors, it is the way to minimize the losses. When we are experienced enough, we also have good self control. So, we don't do anything carelessly. We know sometimes a careless way to lead to a severe loss.
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Let's start with the trading aspect. Trading is not something you just wake up and dive into. You have to take quality time to understand how the market works except of course you wish to be liquidated as soon as possible. Anyways with that being said, crypto trading is very volatile infact the crypto market entirely is a very volatile market prices can swing easily most of the time.
Even experienced traders don't just jump in and out of the market anyhow. Trading requires a lot of discipline and understanding. Even for your normal P2P trading , to remain profitable you have to make sure you are buying and selling at the right prices .
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What do you think about it??
If it's just for trading, it's very easy because we buy when it's cheap and sell when it's expensive, then repeat it like that so that you make a lot of profit. Here I have difficulty in trading, namely looking for profit. I've said that trading is easy but looking for profit is very difficult because we must have experience, knowledge, and the right timing to be able to get profit.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
We can trade the way we want as long as this two things were in place, the first one is about the knowledge we have in making trades and the second is on our individual abilities to tolerate for risk taking in whatever thing we are doing, there is no limit to making trades inasmuch as we want it, but can we continue in doing what we have no idea about, having losses over and over, definitely no one will tell us before we put a stop on it, except we find a learning ground in pursuing after the experience in trades.
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Trading requires lot of impacts which could prompt inexperienced traders continues losts untill they are left empty wallets,.
So, before bargaining on trading in the Crypto, due process including the technical terminologies and finances must be staked noted and before you can start trading else the lost will be continues.
Many novices in trading prefer to 'jump into the bandwagon' rather taking their time to learn the basic knowledge of trading cryptocurrencies. I called this jumping into the bandwagon because many people that are new into trading now prefer to bank on trading signals rather than learning the deepest aspect of trading and its technicalities. I am aware that it's not everyone who have the intellectual capability to acquire technical knowledge of crypto trading but one must learn the basic knowledge of crypto trading to attain some level of mastery and minimize loses.
The techniques to trade on Bitcoin is as a course of understanding the concept of cryptocurrencies from its basic terms and then acquire the imputations based on fundamentals and analytical process including durations for purchasing orders.
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If it's just for trading, it's very easy because we buy when it's cheap and sell when it's expensive, then repeat it like that so that you make a lot of profit. Here I have difficulty in trading, namely looking for profit. I've said that trading is easy but looking for profit is very difficult because we must have experience, knowledge, and the right timing to be able to get profit.
The biggest issue is that we don't know the future, so we can't know when an asset is undervalued and ready to buy. Typically, we also panic like many other investors when the token price drops significantly. Similarly, we don't know when a token has risen enough and is about to reverse from an uptrend to a downtrend to take profits. Greed can push us to continue holding to die ^^
Technical and fundamental analysis can help traders identify these situations relatively well. However, risk always exists, so I think the best skill traders can control is self-capital management and always having a stop-loss for every trade.
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Yeah, some people even call themselves experts and sell trading signals to these newbies, i usually recommend that newbies never buy trading signals from anyone or join any trading groups, they are simply going to scam you.
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It happens a lot, and those who only understand the basics of trading confidently say that they are experts and make trading signals to sell to others. There are many practices like this and in fact they only take advantage of beginners who don't know anything to use their signals, when in fact it is just manipulation.
Those who sell like that are just cheating for more profit.
At the beginning when I learned to trade there were a lot of advertisements about trading signals and pump and dump groups, which were claimed to be able to make more profits in an instant, but in fact it was just manipulation and not proportional to the subscription price, all that is nonsense.
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You can make a lot of money; it's true, but not in a single day because every platform has its own restrictions that don't allow you to cross them. You can earn money gradually and slowly, and it's the right way of earning. Instead of rushing your capital into the market, you will only lose your capital. I think you should be very careful when advising someone because you are still not aware of how to manage it and what to do when crypto trading. It would be better to learn more and more and then come to it; this way, your losses will be minimal, and your profits will increase.
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If it's just for trading, it's very easy because we buy when it's cheap and sell when it's expensive, then repeat it like that so that you make a lot of profit. Here I have difficulty in trading, namely looking for profit. I've said that trading is easy but looking for profit is very difficult because we must have experience, knowledge, and the right timing to be able to get profit.
The biggest issue is that we don't know the future, so we can't know when an asset is undervalued and ready to buy. Typically, we also panic like many other investors when the token price drops significantly. Similarly, we don't know when a token has risen enough and is about to reverse from an uptrend to a downtrend to take profits. Greed can push us to continue holding to die ^^
It's a difficult position for me to be in when I know that all humans cannot know the future. If there are those who can know, maybe they are already rich and have a lot of Bitcoin.
Technical and fundamental analysis can help traders identify these situations relatively well. However, risk always exists, so I think the best skill traders can control is self-capital management and always having a stop-loss for every trade.
I don't know the techniques and fundamentals of analysis yet, can you explain the information to me in detail? I mean, so that I can get profit from every Bitcoin trade.
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Trading requires a significant investment of time and effort to learn the fundamentals. It's not something that can be mastered overnight. Even experienced traders continue to learn and refine their strategies. Slow and steady often wins the race when it comes to investing. Rushing in without proper knowledge and preparation can lead to costly mistakes. Take the time to learn, practice, and develop a trading plan aligned to your risk tolerance and financial goals. Embrace the learning process, celebrate small victories, and trust the hard work will pay off.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Slow and steady win the race mate.
But trading is risky, and the cryptocurrency market is very volatile, that is why many crypto experts are advising newbies to make sure they have learned about cryptocurrency generally, and also learn about crypto trading to the core before trying to start trading on your own because you can lose money at any time if you have no proper understanding about trading and cryptocurrency generally.
You can try with some exchanges that give demo accounts or some exchanges that gives virtual money to start your trading experience before you put in your money. Make sure you also use a reputable exchanges that have good trading volume.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
If I am to be honest with you, leave trading but don't leave crypto. If you have enough money, buy some coins and hold it, by the time your crypto has given you a reasonable profit, sell and locked in your profit, this strategy will give you enough time to focus on other things about life and do your thing and you don't need to get into the complications of trading journey.
However, if you have enough time to do trading then you have to be patient and learn the basics of trading, make use of Binance academy, YouTube and if you have the means for udemy trading courses, they will go a long way.
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At the beginning when I learned to trade there were a lot of advertisements about trading signals and pump and dump groups, which were claimed to be able to make more profits in an instant, but in fact it was just manipulation and not proportional to the subscription price, all that is nonsense.
Yeah it is nonsense, it also happens in the gambling industry, you find people selling predictions on sports betting, with the claim that they are certain that the game will be successful, it is nothing but a scam.
Glad you knew about this as early as when you just started trading, there are some newbies who don't know about this and they have fallen victims to the scammers. The worst of all is that many of them leave the network after losing money this way, and they call crypto a scam.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Before doing anything, it is necessary to have knowledge about it, otherwise it is not possible to succeed. So knowledge must be given priority. Trading business is taken for granted by many which in my opinion is not an easy task if we want to get a good result from it. To run a trading business a trader must know the basics of trading as well as have a good understanding of the market. There will be profit or loss in the business but if good skills are acquired there it is possible to get relatively good results. Those who have patience and the courage to take risks will also increase their chances of success on these platforms.
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Can you trade as much as you want in Crypto currency??
I will say yes. And all depends on the amount you have. You can trade the way you want but you to know that you will lose all if you are not experienced trader so the best way to do is to learn from others and always ask someone to guide you and tell what you don't know. Learn more before you key onto trading so that you won't lose much.
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Yeah, some people even call themselves experts and sell trading signals to these newbies, i usually recommend that newbies never buy trading signals from anyone or join any trading groups, they are simply going to scam you.
it is always better to make these decisions on your own so that if you make any mistake, it is on you and no one else newbies might think that hiring someone to make their trades for their own is fool proof but like you said a lot of these 'experts' want to just sell and not actually give their clients some profit
Some traders usually deceive people online that they have made a lot of money from trading, i know people make money from trading, but these online personalities just do it so they can lure people and collect money from them for trading signals, newbies should not fall for it.
it is true that you can make money from trading but be aware of what seems to be too good to be true kind of descriptions
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Before doing anything, it is necessary to have knowledge about it, otherwise it is not possible to succeed. So knowledge must be given priority. Trading business is taken for granted by many which in my opinion is not an easy task if we want to get a good result from it. To run a trading business a trader must know the basics of trading as well as have a good understanding of the market. There will be profit or loss in the business but if good skills are acquired there it is possible to get relatively good results. Those who have patience and the courage to take risks will also increase their chances of success on these platforms.
I totally agree with you. A trader needs to be well aware of the market and the ups and downs of currency prices. The main goal through trading is to compete for more profits in a shorter period of time which can be achieved by experienced people. In my opinion when a trader buys from the market they are more focused on the downtrend but also in the uptrend many quantitative investors increase their holdings because they invest based on their experience and after some time they decide to sell. Most of the time experienced investors don't use his thick capital as they wait for more dips and focus on minimizing UP in the portfolio. That requires a lot of patience and a lot of floating cash.
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Well, generally speaking, making money is not easy, same way it's kind of hard to get some thing that is really good, like people will often say that good things don't come easy.
Trading, investing are the two major ways to make money from crypto, and the knowledge on how to be effective in any of this areas; or perhaps; both; doesn't just fall on people desire it, those who desire need to work hard, invest time and sometimes, resourse to get the required knowledge, because again, nothing good comes easy.
Correction - making value is hard. Making money is easy once you're already making the value, as people will want to buy it. It's the value that's the hard part because generally speaking it's not easy to know what many people want/need, so that hampers your ability to build a solution for them.
Making money from investing similarly requires making value and while for crypto this is a time consuming process, it does pan out.
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You can make a lot of money; it's true, but not in a single day because every platform has its own restrictions that don't allow you to cross them. You can earn money gradually and slowly, and it's the right way of earning. Instead of rushing your capital into the market, you will only lose your capital. I think you should be very careful when advising someone because you are still not aware of how to manage it and what to do when crypto trading. It would be better to learn more and more and then come to it; this way, your losses will be minimal, and your profits will increase.
It's not about restrictions, it's how you can make money consistently in trading. And that is really hard, because of the market conditions and we don't know how the market is everyday, as it is very volatile.
So you maybe can trade as much as you can, but can you make the profits that you are aiming for? Or are you going to lose some money in the end that it's not worth to trade? So it's really up to us, whether trading is profitable or not.
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Trading cryptocurrencies is easy, being profitable is something else entirely. Beginners lose the most money because they have no knowledge or experience, and their loss is someone else's gain, and in the end most of them give up because they lose too much money or their profit is miserable compared to the time invested.
Everyone should ask themselves how much money they are willing to lose in order to try to learn to trade - the key word is "try" - because in the end it is not something that is for everyone. It is much easier to simply buy those cryptocurrencies you believe in, set your goals and sell them at the right time.
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Trading cryptocurrencies is easy, being profitable is something else entirely. Beginners lose the most money because they have no knowledge or experience, and their loss is someone else's gain, and in the end most of them give up because they lose too much money or their profit is miserable compared to the time invested.
Everyone should ask themselves how much money they are willing to lose in order to try to learn to trade - the key word is "try" - because in the end it is not something that is for everyone. It is much easier to simply buy those cryptocurrencies you believe in, set your goals and sell them at the right time.
You are absolutely right, I agree with you, everyone expects profit from trading, but not everyone gets it. Usually everyone trades hoping for big profits in the beginning, but there is always risk and possibility of loss in trading, so not everyone gets profit.
So instead of expecting profit from the beginning, one should focus on learning trading well in the beginning, slowly gain all the experience, small and big, and start with small amount of money (which you can afford to lose).
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Before doing anything, it is necessary to have knowledge about it, otherwise it is not possible to succeed. So knowledge must be given priority. Trading business is taken for granted by many which in my opinion is not an easy task if we want to get a good result from it. To run a trading business a trader must know the basics of trading as well as have a good understanding of the market. There will be profit or loss in the business but if good skills are acquired there it is possible to get relatively good results. Those who have patience and the courage to take risks will also increase their chances of success on these platforms.
I also agree with you, you can't always think only about profit, you have to learn trading well, you have to pay attention to this side as well. Gain knowledge first, learn about trading, get yourself properly educated first, start with small amount after understanding everything well, trading with different strategies like setting target and selling at right time are profitable strategies may be.
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I also agree with you, you can't always think only about profit, you have to learn trading well, you have to pay attention to this side as well. Gain knowledge first, learn about trading, get yourself properly educated first, start with small amount after understanding everything well, trading with different strategies like setting target and selling at right time are profitable strategies may be.
Its important mindset have change for cryptocurrency trader not only prefer about how much profitable earn but also get minimize risk or loss when trading in crypto. Some one have understood about loss and risk about trading in cryptocurrency always have good mentality when price significant down, but many trader get trade their coin in cryptocurrency have profitable mind only and not ready when market crash or their investing assets get down significantly.
Increasing knowledge about cryptocurrency and learn more how to minimize risk when trading is most important although earn profit is goal of target by all cryptocurrency trader.
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Successful traders are always one step ahead of other traders. And the real reason behind it is some special habits they follow. As they have been practicing trading for a long time and here they have spent a lot of money and time. So when you come to new trading, you can't be overcommitted by looking at their profit margin. I don't consider him a professional trader since trading involves risk and money. Moreover investing is the best way for a new crypto user where he can get some profit.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
It's really something that is slow is best, not in a hurry and also not too slow... learning crypto is not something that can be completed in one day, the stages and processes to learn cryptocurrency must be passed one by one until finally learning the stage of "making money from cryptocurrency", remember, that not all traders make profits every day.... many people also lose, and that is because of their lack of knowledge in making decisions...
Stay careful in learning, trust your process, and never trade all in under any conditions,,, even a professional does not do that.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Slowly but surely is the key here one of the things that makes trading interesting is the flow of money if you know how to read chart and events and make a quick decision and one of the things that can make you lose is not moderating your greed, they say trading is like gambling but compared to gambling you can always cut your losses and you will learn from your past mistakes.
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~I have no idea how to trade so I just go in and make a lot of money.
It is totally a bad idea to trade when you still don't know how to trade properly. No doubt if you finally failed and only experienced big losses. It is unacceptable that someone trades with lack of knowledge. Even people who have good knowledge, they still experience losses. It is very careless way to trade without thinking about the risks.
You need to work hard to do that and that hard work starts with learning how to trade first.
Work hard is a must, but it should be done in the right way. Sure, the first thing to consider should be learning. It is very recommended for every new comer that they must focus on learning first before they decide to start trading. It is the way to minimize the losses and increase the chance of gaining profits.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
I see you are taking baby steps here but you are not going slow I like that but if we have good skills and knowledge about trading and have such stamina then we can trade as much as we want and yeah I almost forgot the capital as well. We need capital too.
Trading as much as we want although is not a good way to think about trading because the market is not going to move according to your way all the time, so if you will be making trades on the basis of your likeness, then you will make a loss. Instead, you should be trading on the basis of opportunities that you think are suitable for you according to your analysis and find good entries, even if you have to wait a little longer than you anticipated.
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Trading as much as we want although is not a good way to think about trading because the market is not going to move according to your way all the time, so if you will be making trades on the basis of your likeness, then you will make a loss. Instead, you should be trading on the basis of opportunities that you think are suitable for you according to your analysis and find good entries, even if you have to wait a little longer than you anticipated.
Yes, and we don't need to fulfill all excessive desires without knowing the limits. Trading as much as I want, might actually make us lose ourselves, because we can't control our finances well. As a result, the risk of losing too much could happen. Therefore, we must be smart to control our finances in cryptocurrency trading. Because after all, we have to do it with full calculation, wisely, and with good enough knowledge.
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Yes, and we don't need to fulfill all excessive desires without knowing the limits. Trading as much as I want, might actually make us lose ourselves, because we can't control our finances well. As a result, the risk of losing too much could happen. Therefore, we must be smart to control our finances in cryptocurrency trading. Because after all, we have to do it with full calculation, wisely, and with good enough knowledge.
Wisely, full calculation, and good knowledge are terms that are underrated by newbies but overrated by people like us who have spent a lot of time in the market and understand how easy it becomes to trade if we have these terms in mind. But it's not the newbies thing, I mean, I think it's a phase from which every newbie passes by.
Like when I was a newbie, I started future trading directly without any proper knowledge of trading and just knew two things, support and resistance, and I was not even monitoring BTC although I was trading in alts because even if you are trading in alts you have to monitor the price of BTC for the overall analysis of the coin you are in.
I made 11 to 15 dollars profit one day, and in the evening time, I thought why not take another trade and the trade I took liquidated my all money and from that point I understood the meaning of when to stop and when not to.
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Trading as much as we want although is not a good way to think about trading because the market is not going to move according to your way all the time, so if you will be making trades on the basis of your likeness, then you will make a loss. Instead, you should be trading on the basis of opportunities that you think are suitable for you according to your analysis and find good entries, even if you have to wait a little longer than you anticipated.
Yes, and we don't need to fulfill all excessive desires without knowing the limits. Trading as much as I want, might actually make us lose ourselves, because we can't control our finances well. As a result, the risk of losing too much could happen. Therefore, we must be smart to control our finances in cryptocurrency trading. Because after all, we have to do it with full calculation, wisely, and with good enough knowledge.
If a trader is overtrading it will cause him to lose his profit from his past trades. There's no profitable trader who trade more than 5x a day especially with a single pair. I observed that most profitable trader, trade only once per day. So when I see a trader flexing his profit from his trades, I will not believe that he is a legit profitable trader if he do many trades per day. It only means to me that he is a disciplined trader which is a very important aspect to be a successful trader.
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If a trader is overtrading it will cause him to lose his profit from his past trades. There's no profitable trader who trade more than 5x a day especially with a single pair. I observed that most profitable trader, trade only once per day. So when I see a trader flexing his profit from his trades, I will not believe that he is a legit profitable trader if he do many trades per day. It only means to me that he is a disciplined trader which is a very important aspect to be a successful trader.
I also saw some vlogs like a day in a life of day trader or trader they wake up early in the morning and do all the good stuff like exercising and giving time to their family and other stuff and then specify some time for research to find the best coin for them and invest in them. When they find a good entry they take it even if they have to wait for a long time.
They take the entry and try to book the profit in parts too so they could get the capital they invested back, and now they try to trade with profit only. I also don't trust anyone's profit trade screenshot anymore because besides they can be fake, its not a good way to attract people to show what you really got like predicting some events early and predicting on the basis of knowledge that some X coin will make some X move.
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Yes, because we must be prepared first in terms of knowledge and insight before entering the world of cryptocurrency trading. Because we will be trading, not gambling which only relies on luck.
Trading is not easy, it can even be said to be very complicated and complex. That's why, there is something called preparation, both in terms of knowledge, mentality, finances, and also our capacity to manage ourselves to remain stable in managing risk, emotions, and money when trading.
Yes, trading requires, so to speak, skill in setting up what is used, such as tools and timing, choosing where to do it and for how long on a daily, weekly, monthly and yearly basis. Patience is an essential quality.
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I also saw some vlogs like a day in a life of day trader or trader they wake up early in the morning and do all the good stuff like exercising and giving time to their family and other stuff and then specify some time for research to find the best coin for them and invest in them. When they find a good entry they take it even if they have to wait for a long time.
They take the entry and try to book the profit in parts too so they could get the capital they invested back, and now they try to trade with profit only. I also don't trust anyone's profit trade screenshot anymore because besides they can be fake, its not a good way to attract people to show what you really got like predicting some events early and predicting on the basis of knowledge that some X coin will make some X move.
Trading videos showing perfect daily routines and big profits are not always realistic. Trading involves uncertainty and stress. I do not trust profit screenshots. They can be fake. Real traders share knowledge and study markets and make informed predictions. They do not just brag about winning. Honesty not showing off builds trust among traders. To succeed long term traders need humility and willingness to keep learning.
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I also saw some vlogs like a day in a life of day trader or trader they wake up early in the morning and do all the good stuff like exercising and giving time to their family and other stuff and then specify some time for research to find the best coin for them and invest in them. When they find a good entry they take it even if they have to wait for a long time.
They take the entry and try to book the profit in parts too so they could get the capital they invested back, and now they try to trade with profit only. I also don't trust anyone's profit trade screenshot anymore because besides they can be fake, its not a good way to attract people to show what you really got like predicting some events early and predicting on the basis of knowledge that some X coin will make some X move.
Trading videos showing perfect daily routines and big profits are not always realistic. Trading involves uncertainty and stress. I do not trust profit screenshots. They can be fake. Real traders share knowledge and study markets and make informed predictions. They do not just brag about winning. Honesty not showing off builds trust among traders. To succeed long term traders need humility and willingness to keep learning.
Anyone can manipulate photos and even videos to portray whatever message they wish to pass to the general public. I mean that’s exactly what most of these social media influencers who poses to be professional traders do, they’ll manipulate all manner of documents, screenshots and even videos as proof, just to make their contents believable and to attract people to their pages in order to generate traffic and generate revenue from them, and most of the naive people who are seeing their contents would think they’re actually making millions from trading, without realizing they’re only making contents.
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Trading videos showing perfect daily routines and big profits are not always realistic. Trading involves uncertainty and stress. I do not trust profit screenshots. They can be fake. Real traders share knowledge and study markets and make informed predictions. They do not just brag about winning. Honesty not showing off builds trust among traders. To succeed long term traders need humility and willingness to keep learning.
I agree with you. It is difficult to trust the videos, pictures, or screenshots of successful trading. Those can be fake, it is easy to make fake videos or pictures. I also never believe them, I prefer to learn from the real mentors face to face. However, if it is just about the basic mattes about trading, or about tips. It still can be trustable because many people have trading tips for newbies. But we still need to be careful, we must ensure to get the videos or pictures from trusted sources.
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Anyone can manipulate photos and even videos to portray whatever message they wish to pass to the general public. I mean that’s exactly what most of these social media influencers who poses to be professional traders do, they’ll manipulate all manner of documents, screenshots and even videos as proof, just to make their contents believable and to attract people to their pages in order to generate traffic and generate revenue from them, and most of the naive people who are seeing their contents would think they’re actually making millions from trading, without realizing they’re only making contents.
I can't agree more with you. These scammers are really faking everything just to sell you their shitcourse, and I don't know what they will teach you that you won't go on public calling them scammers and if any one or two people started to spread the truth about a scammer, then I wonder how they continue their scam work and still keep getting clients to sell more course.
Till now I did not believe any SS, Fake or real I don't care I need real logic behind the trade and if I think it can happen then I follow the trade otherwise I don't follow trades or signals shared by others.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
Going into trading with the idea of making a lot of money from it would lead such a person to trading losses all because of greed.
However, trading should be trading with a small amount and learning when to take your profits no matter how little the gains are. This will only be done when such a person has mastered the act of trading. For the information, trading is not for newbies. It's very much preferable and advisable for newbies to think of investing in Bitcoin than thinking of trading. I, myself that have stayed years in crypto, I am not even thinking of trading because of the losses and risk involved.
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I can't agree more with you. These scammers are really faking everything just to sell you their shitcourse, and I don't know what they will teach you that you won't go on public calling them scammers and if any one or two people started to spread the truth about a scammer, then I wonder how they continue their scam work and still keep getting clients to sell more course.
The truth is that, even if many people come out open to tag them as scammers, it still won’t stop them from carrying out their activities online. Even if you manage to scare off one or two, maybe three or even four people, more people will still troop int their page. But the thing there is that, some of them wouldn’t even give you the opportunity to say things about them. Like those who create private pages on Telegram or other platforms, except they permit you to comment on their pages and even when you manage to comment something they don’t like, they could easily delete it and hide it from others.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
First of all, I wannted to say that crypto trading is not so easy, it is a lot of critical things and if you think that you will learn it very easily, then you are wrong. And the first mistake you have made is not learning trading well and going to investment, you have to learn trading first then do demo trading and when practice is good when you understand why you are making profit and why you are making loss then you will understand You are ready for real fund investment.
And always keep in mind that while learning trading, you will have to spend a lot of time, it may take months or years. But if you can survive this time, I think you will be successful at the end.
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You need to work hard to do that and that hard work starts with learning how to trade first.
Until now I have not reached the cryptocurrency trading because I am still afraid when I buy coins a few days later the price drops more than -30%. It is better for me personally to learn more about cryptocurrency so as not to take the wrong steps one day so that I can minimize the level of loss.
It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
That's right, it took me months to learn about cryptocurrency because I believe that everything takes a process when learning. Right now I'm focusing on just looking at the market first so that I can gain insight first before I directly trade in cryptocurrency later.
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Everyone has different abilities in understanding something, including cryptocurrency trading... if you really have a strong intention, you better find a mentor or establish a close relationship with a professional trader... it is indeed a challenge in itself, but believe that by having a teacher, it will make you understand the world of cryptocurrency trading faster.
Money management, risk management, analysis, and so on are sciences that can be learned in the world of trading... and practicing is the best choice, and what is better is to be accompanied by a professional.
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The truth is that, even if many people come out open to tag them as scammers, it still won’t stop them from carrying out their activities online. Even if you manage to scare off one or two, maybe three or even four people, more people will still troop int their page. But the thing there is that, some of them wouldn’t even give you the opportunity to say things about them. Like those who create private pages on Telegram or other platforms, except they permit you to comment on their pages and even when you manage to comment something they don’t like, they could easily delete it and hide it from others.
You are right if they don't give you the freedom of speech, and I have faced this many times when the other person professionally lie (haha) and from the very start they make things in a way that they won't be traced or tracked for any wrongdoing. I agree with you, even if I get scammed by one person in my area, the others will be scammed as well, even if I have told them the person has done bad to me.
Some people just don't listen to others they want to make their own point by doing things by themselves even if it turns out to be a scam They happily do it. There can be many other reasons to why people still take their courses.
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I also saw some vlogs like a day in a life of day trader or trader they wake up early in the morning and do all the good stuff like exercising and giving time to their family and other stuff and then specify some time for research to find the best coin for them and invest in them. When they find a good entry they take it even if they have to wait for a long time.
They take the entry and try to book the profit in parts too so they could get the capital they invested back, and now they try to trade with profit only. I also don't trust anyone's profit trade screenshot anymore because besides they can be fake, its not a good way to attract people to show what you really got like predicting some events early and predicting on the basis of knowledge that some X coin will make some X move.
Trading videos showing perfect daily routines and big profits are not always realistic. Trading involves uncertainty and stress. I do not trust profit screenshots. They can be fake. Real traders share knowledge and study markets and make informed predictions. They do not just brag about winning. Honesty not showing off builds trust among traders. To succeed long term traders need humility and willingness to keep learning.
I often find trading related blogs on social media where they always show profit which is definitely questionable. Because there is no chance to profit all the time in trading. Moreover, if one gains easily just by learning, there is sure to be fraud. A blogger exaggerates the videos for his views or to get more traffic in such a way that following the trader's loss is more than his gain.
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Crypto currency is not easy for me, I miss it somewhere in the rules, it reduces the profit of trading, I have no idea how to trade so I just go in and make a lot of money. You need to work hard to do that and that hard work starts with learning how to trade first. It may take a few months if you are already well versed with some topics, but one can go slowly friends,? What do you think about it??
If you talk about the amount of money then I would say you can invest as much fund as you want to invest in crypto currency there is no restriction when you use a decentralize platform but there are some limitations when you use a centralized exchange will be on the amount.
Now let's come to Crypto Currency Trading, Crypto Currency Trading is never easy, it is very complicated and most of those who do not have good knowledge about it will face loss. It is normal that I myself have lost several times due to investment without doing analysis. You have to remind this that for learning trading you have to spend lots of time and afford after that may one year or 6months you can have the success.
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Some people just don't listen to others they want to make their own point by doing things by themselves even if it turns out to be a scam They happily do it. There can be many other reasons to why people still take their courses.
This is often due to people’s inquisitive attitude towards thing, especially when it’s something that’s generally accepted by the public. Well it’s not totally a bad idea to be inquisitive or want to confirm things for yourself and not jumping into conclusions due to the reports of others, experience they say is the best teacher, the way you learn via experience is totally different from how you learn from others so sometimes it’s important and more profitable to see things for yourself, and even things doesn’t turn out to be the way you expect it, at least you must have still learned one thing or the other from the experience.
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Trading videos showing perfect daily routines and big profits are not always realistic. Trading involves uncertainty and stress. I do not trust profit screenshots. They can be fake. Real traders share knowledge and study markets and make informed predictions. They do not just brag about winning. Honesty not showing off builds trust among traders. To succeed long term traders need humility and willingness to keep learning.
I agree with you Publictalk792 but it's a harsh reality but with humility and a willingness to keep learning more you won't get students who will pay you, because they first ask for your past accuracy, like how experienced a trader you are and how much profit you have made in compared to loss. Without showing your profits you won't get students
I often find trading related blogs on social media where they always show profit which is definitely questionable. Because there is no chance to profit all the time in trading. Moreover, if one gains easily just by learning, there is sure to be fraud. A blogger exaggerates the videos for his views or to get more traffic in such a way that following the trader's loss is more than his gain.
All we see on social media and even on YouTube is not real and once we make this our main rule we will not be scammed that easily. Questioning should be made normal as even if you want to join someone famous's course they first have to keep everything transparent to you.
We must learn a few things by ourselves, test them out, then look for experts and mentors, then we might safe ourselves from fake ones.
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Everyone has different abilities in understanding something, including cryptocurrency trading... if you really have a strong intention, you better find a mentor or establish a close relationship with a professional trader... it is indeed a challenge in itself, but believe that by having a teacher, it will make you understand the world of cryptocurrency trading faster.
Money management, risk management, analysis, and so on are sciences that can be learned in the world of trading... and practicing is the best choice, and what is better is to be accompanied by a professional.
I agree with you. Sometimes because we feel wasting the money that we will pay for mentorship, we prefer self learning and the money that would have paid will only be used for trading. But this is a big mistake especially when you are new to trading. Because instead of losing a little money, you will lose more than you pay for mentorship because you don't have enough knowledge for trading, and trading is not easy.
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I agree with you. Sometimes because we feel wasting the money that we will pay for mentorship, we prefer self learning and the money that would have paid will only be used for trading. But this is a big mistake especially when you are new to trading. Because instead of losing a little money, you will lose more than you pay for mentorship because you don't have enough knowledge for trading, and trading is not easy.
I think approach is very important and how we handle things, it's not necessary to pay money to learn something but if you pay for it, that doesn't mean it's bad. If you can afford it and you know you can pay for learning something, I don't see anything bad in it but as for me, I think there alternatives to learning and if you are serious about it, you learn without paying anything.
The mistakes some people make is that they think that trading is very easy but it doesn't looks easy as many people think. If it was that easy, I'm not even sure we are going to have tutors on YouTube trying to make money from ads. If you want to self learn, you must be ready and time, no need to rush things.
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We have the right and privilege of trading as we want in crypto, but what will caution us from doing more as we like is the outcome to many of the trades we are doing, because we cant afford to run on loss when we are trading and losing, this is inappropriate for us to see, it will still be the same reason that will be the determinant for our continuous efforts in trading or not.
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I think approach is very important and how we handle things, it's not necessary to pay money to learn something but if you pay for it, that doesn't mean it's bad. If you can afford it and you know you can pay for learning something, I don't see anything bad in it but as for me, I think there alternatives to learning and if you are serious about it, you learn without paying anything.
on the contrary, if serious then someone will be willing to spend money to facilitate their learning...free learning does exist, but it takes a very long time because there is no mentor...well you say YouTube provides many tutorials, but in some cases, copying tutorials from there cannot be done...
the thing that makes trading difficult is the lack of understanding of the direction and stages, maybe YouTube provides a little picture, but it is still not detailed enough...
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This is often due to people’s inquisitive attitude towards thing, especially when it’s something that’s generally accepted by the public. Well it’s not totally a bad idea to be inquisitive or want to confirm things for yourself and not jumping into conclusions due to the reports of others, experience they say is the best teacher, the way you learn via experience is totally different from how you learn from others so sometimes it’s important and more profitable to see things for yourself, and even things doesn’t turn out to be the way you expect it, at least you must have still learned one thing or the other from the experience.
I can't agree more with you on this and I was going to say I am inquisitive too towards things, but my personal experience has taught me it's not a good thing in obvious things. Like one of my friend's family, if someone has stopped me from one thing that is too obvious to end up as bad, I still give it a try and hope to get good. But trying them personally has made me more firm that we must be away from such things as bad company, or other things I can't mention here haha.
But we must give it a try to learn new things, and I continued my efforts in joining bounties even if my parents and others raised a questions about what good it would bring in the future I did not answer them and knew they did not have full knowledge of it so they are not so sure, and the result they are stating is not obvious. Thus, we must continue our efforts in learning new things and taking risks if it worths.
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But we must give it a try to learn new things, and I continued my efforts in joining bounties even if my parents and others raised a questions about what good it would bring in the future I did not answer them and knew they did not have full knowledge of it so they are not so sure, and the result they are stating is not obvious. Thus, we must continue our efforts in learning new things and taking risks if it worths.
There's a very huge difference between having the odds clearly staked up against you and people just being skeptical about something and hence trying to impose their skepticism on you, especially when it's obvious that they do not really have the full understanding of what you wish to do. Sometimes the facts are there and are very clear too, and when you overlook these facts and still push through, it could end in two ways, things may either take an unexpected turn or expected. But either ways, you get to satisfy your curiosity and inquisitiveness and get to learn something new.
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There's a very huge difference between having the odds clearly staked up against you and people just being skeptical about something and hence trying to impose their skepticism on you, especially when it's obvious that they do not really have the full understanding of what you wish to do.
people get skeptical because they do not fully understand this industry their pessimism is just the result of lack of information their ignorance makes them wary of all these new things so sometimes they just need to be informed give them a few resources and let them broaden their horizon if after all the teaching and they still do not approve of the industry and what we do without any valid concerns then there is nothing else we can do anymore
it is not really our responsibility to inform them but maybe it will help and make it even beneficial for crypto if more people weren't running on misinformation all the time
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people get skeptical because they do not fully understand this industry their pessimism is just the result of lack of information their ignorance makes them wary of all these new things so sometimes they just need to be informed give them a few resources and let them broaden their horizon if after all the teaching and they still do not approve of the industry and what we do without any valid concerns then there is nothing else we can do anymore
it is not really our responsibility to inform them but maybe it will help and make it even beneficial for crypto if more people weren't running on misinformation all the time
What you said is nothing but the truth, and it’s just quite unfortunate that some people have these misconceptions, skepticism and misinformation of the industry simply because of the reports they got from someone close to them, and not even because it happened to them directly, such people may be very difficult to change their mind but yes, even if it’s not really our responsibility to try to teach them or impact the right knowledge on them, it’s still important to correct these misconceptions to avoid transferring the wrong information and dissuading the younger generation and those who are enthusiastic about the field and wish to get involved as it’ll make them to change their mid and possibly miss out on opportunities.
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As far as I'm concerned, trading in cryptocurrency must be limited and must know the rules because no matter how much capital there is, if the management is wrong, the capital will be lost or used up. Maybe if you trade cryptocurrency, if you have 100% capital, then 20% is for trading and 80% is for backup because you're afraid of the Dump price. Trading in cryptocurrency, no one can help if we make a mistake except ourselves with our experience.
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There's a very huge difference between having the odds clearly staked up against you and people just being skeptical about something and hence trying to impose their skepticism on you, especially when it's obvious that they do not really have the full understanding of what you wish to do. Sometimes the facts are there and are very clear too, and when you overlook these facts and still push through, it could end in two ways, things may either take an unexpected turn or expected. But either ways, you get to satisfy your curiosity and inquisitiveness and get to learn something new.
I can't agree more with you, and I am glad I went with my curiosity, and the only thing I sought was not the money but a whole lot of the crypto field opened to me, I started to understand things like how it works, and you know the things we experience when we are newbies. It just gives me motivation. I remember after 3 months I got my first payment from STC which was run by BD team. The project was good, and the reward was also more than $250, if I am not mistaken.
When we go with our curiosity we learn a lot of things and as you said even if it goes unexpected way what bad could happen.
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There's a very huge difference between having the odds clearly staked up against you and people just being skeptical about something and hence trying to impose their skepticism on you, especially when it's obvious that they do not really have the full understanding of what you wish to do. Sometimes the facts are there and are very clear too, and when you overlook these facts and still push through, it could end in two ways, things may either take an unexpected turn or expected. But either ways, you get to satisfy your curiosity and inquisitiveness and get to learn something new.
I can't agree more with you, and I am glad I went with my curiosity, and the only thing I sought was not the money but a whole lot of the crypto field opened to me, I started to understand things like how it works, and you know the things we experience when we are newbies. It just gives me motivation. I remember after 3 months I got my first payment from STC which was run by BD team. The project was good, and the reward was also more than $250, if I am not mistaken.
When we go with our curiosity we learn a lot of things and as you said even if it goes unexpected way what bad could happen.
In order to really benefit from cryptocurrency, whether the financial benefits or the knowledge and experience you get from it, you’ll need patience, I mean lots of it, because without patience you’ll be too hasty to jump into conclusions and thereby miss out on so many opportunities in certain cases. Some people think that crypto or Bitcoin is a get rich quick scheme and this is one of the biggest misconception newbies have about the crypto space and this often lands them into making impulsive decisions when faced with situations that only required patience to produce a fruitful result.
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There's a very huge difference between having the odds clearly staked up against you and people just being skeptical about something and hence trying to impose their skepticism on you, especially when it's obvious that they do not really have the full understanding of what you wish to do. Sometimes the facts are there and are very clear too, and when you overlook these facts and still push through, it could end in two ways, things may either take an unexpected turn or expected. But either ways, you get to satisfy your curiosity and inquisitiveness and get to learn something new.
I can't agree more with you, and I am glad I went with my curiosity, and the only thing I sought was not the money but a whole lot of the crypto field opened to me, I started to understand things like how it works, and you know the things we experience when we are newbies. It just gives me motivation. I remember after 3 months I got my first payment from STC which was run by BD team. The project was good, and the reward was also more than $250, if I am not mistaken.
When we go with our curiosity we learn a lot of things and as you said even if it goes unexpected way what bad could happen.
In order to really benefit from cryptocurrency, whether the financial benefits or the knowledge and experience you get from it, you’ll need patience, I mean lots of it, because without patience you’ll be too hasty to jump into conclusions and thereby miss out on so many opportunities in certain cases. Some people think that crypto or Bitcoin is a get rich quick scheme and this is one of the biggest misconception newbies have about the crypto space and this often lands them into making impulsive decisions when faced with situations that only required patience to produce a fruitful result.
Earning money from cryptocurrency is as easy as it is difficult. People who have good knowledge about cryptocurrency can earn money very easily. People who have no knowledge about cryptocurrency can never earn money. But don't rush for everything like no one. If one wants to earn money by trading then he has to trade with patience. If we don't have patience we can never do anything good so we have to be patient.
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Everyone has different abilities in understanding something, including cryptocurrency trading... if you really have a strong intention, you better find a mentor or establish a close relationship with a professional trader... it is indeed a challenge in itself, but believe that by having a teacher, it will make you understand the world of cryptocurrency trading faster.
Money management, risk management, analysis, and so on are sciences that can be learned in the world of trading... and practicing is the best choice, and what is better is to be accompanied by a professional.
I agree with you. Sometimes because we feel wasting the money that we will pay for mentorship, we prefer self learning and the money that would have paid will only be used for trading. But this is a big mistake especially when you are new to trading. Because instead of losing a little money, you will lose more than you pay for mentorship because you don't have enough knowledge for trading, and trading is not easy.
Spending on education should never be considered a loss. Rather if one spends on education it can be considered as an investment. When a trader gains trading knowledge, the number of mistakes he is likely to make will decrease. Sometimes traders are apathetic towards learning because they feel that spending money on learning means losing. But if a new trader hires a mentor for some learning and also spends for it, I think it can definitely be a positive aspect for him. Because many people make big mistakes due to ignorance and at some point lose their wealth.
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Sometimes because we feel wasting the money that we will pay for mentorship, we prefer self learning and the money that would have paid will only be used for trading. But this is a big mistake especially when you are new to trading. Because instead of losing a little money, you will lose more than you pay for mentorship because you don't have enough knowledge for trading, and trading is not easy.
There is no problem if you want to learn yourself (self-taught). There are many people who have no mentorship, I also have no mentors. As long as you can learn from valid sources, it can be acceptable. But if you learn from untrusted sources, it will be bad for you. I think everyone can get enough valid sources to learn nowadays. We have too many reliable sources, even we can get the sources in this forum to learn.
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Earning money from cryptocurrency is as easy as it is difficult. People who have good knowledge about cryptocurrency can earn money very easily. People who have no knowledge about cryptocurrency can never earn money. But don't rush for everything like no one. If one wants to earn money by trading then he has to trade with patience. If we don't have patience we can never do anything good so we have to be patient.
Not just trading. Every form of investment or earning opportunities in the crypto sphere requires lots of patience and diligence. Whether trading, or HODLing, or even airdrops and bounties, because without patience you might end up missing out on certain opportunities due to hasty and impulsive decisions that would’ve ordinarily required you to apply patience
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Earning money from cryptocurrency is as easy as it is difficult. People who have good knowledge about cryptocurrency can earn money very easily. People who have no knowledge about cryptocurrency can never earn money. But don't rush for everything like no one. If one wants to earn money by trading then he has to trade with patience. If we don't have patience we can never do anything good so we have to be patient.
That's why we call it double edge sword, but I will not agree to the point that people with no knowledge can't make money because there are people made money without any knowledge by just following others and some got lucky but for how long they can rely on others and luck (without knowledge).
Patience is key. sometimes we keep patience after making trades but we also have to keep waiting for the right opportunity to take a trade too. Patience is also necessary in such scenarios, although sometimes patience is not good and how can we know if its time to go with patience or not is by following the trend and using the knowledge you have in a smart way?
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Patience is key. sometimes we keep patience after making trades but we also have to keep waiting for the right opportunity to take a trade too. Patience is also necessary in such scenarios, although sometimes patience is not good and how can we know if its time to go with patience or not is by following the trend and using the knowledge you have in a smart way?
It cannot be denied that patience is one of the keys in trading and holding. With thorough preparation and knowledge, then all you have to do is wait patiently and be able to control your emotions well too. because patience and emotional control can make us much wiser in making decisions and actions, not easily confused, and also able to understand the situation and take the right steps when the market does not match our predictions and expectations in the crypto market.
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In order to really benefit from cryptocurrency, whether the financial benefits or the knowledge and experience you get from it, you’ll need patience, I mean lots of it, because without patience you’ll be too hasty to jump into conclusions and thereby miss out on so many opportunities in certain cases. Some people think that crypto or Bitcoin is a get rich quick scheme and this is one of the biggest misconception newbies have about the crypto space and this often lands them into making impulsive decisions when faced with situations that only required patience to produce a fruitful result.
They think it is a get rich quick scheme because they start their journey in crypto from trading and unlike any other scam online work they are making real money here and especially the people who start from future trading they make big profits even 2x or 3x by chance maybe as they are newbies.
Patience is the most important thing and I agree with that because with patience I make a profit too but yeah sometimes I keep patience while I should not have to and face lose.
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They think it is a get rich quick scheme because they start their journey in crypto from trading and unlike any other scam online work they are making real money here and especially the people who start from future trading they make big profits even 2x or 3x by chance maybe as they are newbies.
Patience is the most important thing and I agree with that because with patience I make a profit too but yeah sometimes I keep patience while I should not have to and face lose.
With patience, it’s possible to avoid losses when investing in Bitcoin ( not Trading) because patience helps you to HODL on to your Bitcoin for the long term, regardless of the short term market fluctuations, because that’s in fact the best way to ensure that you mitigate the risks of losses while investing in Bitcoin. Long term approach helps you to see the market clearer as well as to enable you make better choices, because you’ll be able to ride out the short term fluctuations which often puts fear in the minds of investors and pushes them into make hasty decisions.
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There is no limit to how we can trade as long as we have chosen the kind we are gong for and could afford taking the result after it, trading is unlike other physical investments whereby we will be restricted to using a specific limit or amount of money for doing it, we can trade and uses the money we have to engage on trading as much as we can afford to because we are not limited or restricted to how we can go in trading.
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With patience, it’s possible to avoid losses when investing in Bitcoin ( not Trading) because patience helps you to HODL on to your Bitcoin for the long term, regardless of the short term market fluctuations, because that’s in fact the best way to ensure that you mitigate the risks of losses while investing in Bitcoin. Long term approach helps you to see the market clearer as well as to enable you make better choices, because you’ll be able to ride out the short term fluctuations which often puts fear in the minds of investors and pushes them into make hasty decisions.
There is a meme that suits best here
(https://www.talkimg.com/images/2024/10/24/K6oxq.png)
Source is TG
It shows that even when we are holding, we must keep an eye on the market. Maybe we could judge the situation early, and with the right decision, we can make more profit rather than having nothing in our hands. But yeah, with more patience of like a few months till April. As the April has been passed since it made ATH (CMIIW) so those who kept patience and did not monitor the price must be related to this meme.
Panic sell and over trading type mistakes can easily be solved by building the skill to keep patience even when you lose and even when you make profit in both situation we must observe and plan.
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There is a meme that suits best here
(https://www.talkimg.com/images/2024/10/24/K6oxq.png)
Source is TG
It shows that even when we are holding, we must keep an eye on the market. Maybe we could judge the situation early, and with the right decision, we can make more profit rather than having nothing in our hands. But yeah, with more patience of like a few months till April. As the April has been passed since it made ATH (CMIIW) so those who kept patience and did not monitor the price must be related to this meme.
Panic sell and over trading type mistakes can easily be solved by building the skill to keep patience even when you lose and even when you make profit in both situation we must observe and plan.
You also need to understand that the Bitcoin market is highly unpredictable, and even when you regularly monitor the market it’ll only make you panic when you experience a downturn in the market thereby resulting to panic sales, and maybe even selling at a loss. I’d like to believe that this is just a meme and the illustration you’ve given is only based on a short term view, because I’m pretty sure sooner or later Bitcoin would surpass its current ATH, that’s why the best approach remains the long term approach because even while it’s true that past performances may not always guarantee future results but we can notice that over the decades, Bitcoin has shown amazing recovery and performances in the long term and I’m pretty sure it will continue in the subsequent cycles.
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In crypto currency trading there isn't any time restriction as long as you want you can trade, and you can trade 24/7 without any issues in crypto market. I'm not a forex or Stock trader and that's why I don't know that there's fixed time for opening or closing of market in those areas but in crypto one can trade 24/7 without any issues.
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There is no limit to how we can trade as long as we have chosen the kind we are gong for and could afford taking the result after it, trading is unlike other physical investments whereby we will be restricted to using a specific limit or amount of money for doing it, we can trade and uses the money we have to engage on trading as much as we can afford to because we are not limited or restricted to how we can go in trading.
But I think trading is limited to how you are verified on the exchange you are using. Considering how people use centralized exchanges, most often, there is limitation to amount you can spend on exchange unless you want to go higher, there is tier 1 kyc and other tiers if you are involved in large sum of money, sometimes they even recommend OTC than normal trade.
Imagine a company with million dollars or even a billion dollar, such amount can have a positive effect on the market but the bad side of it is not good especially if it's a book order where anyone can sell their coin. If there is no much demand, it can kill the price of the coin.
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In crypto currency trading there isn't any time restriction as long as you want you can trade, and you can trade 24/7 without any issues in crypto market. I'm not a forex or Stock trader and that's why I don't know that there's fixed time for opening or closing of market in those areas but in crypto one can trade 24/7 without any issues.
The crypto market is literally one of the most crazy place to trade. The market is always opened 24/7, and there are so many traders that follows up with the market at every point in time, because any little slumber or mistake can lead to massive opportunity loss within a blink of an eye. But regardless, there are so many opportunities for those that are active and learn always.
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It cannot be denied that patience is one of the keys in trading and holding. With thorough preparation and knowledge, then all you have to do is wait patiently and be able to control your emotions well too. because patience and emotional control can make us much wiser in making decisions and actions, not easily confused, and also able to understand the situation and take the right steps when the market does not match our predictions and expectations in the crypto market.
That's right BTW what other keys are important to have to make a successful trade? I agree that we should keep patience when investing and when choosing the token and when taking an entry and exit from the trade too. But we know that's not enough as to back it up I traded in DYDX and I was keeping patience as the trade was spot but it ended in a loss If I had not have kept patience and reacted fast or, should say, in panic, then I might be out of trade soon (with less loss).
We must have the overall insights of the token, like whether patience is needed here or not. What you say for a successful trade is more important I think finding the right token is more important.
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In crypto currency trading there isn't any time restriction as long as you want you can trade, and you can trade 24/7 without any issues in crypto market. I'm not a forex or Stock trader and that's why I don't know that there's fixed time for opening or closing of market in those areas but in crypto one can trade 24/7 without any issues.
The crypto market is literally one of the most crazy place to trade. The market is always opened 24/7, and there are so many traders that follows up with the market at every point in time, because any little slumber or mistake can lead to massive opportunity loss within a blink of an eye. But regardless, there are so many opportunities for those that are active and learn always.
If we do really tend to compare it out with Forex or Stocks then crypto market is something that you could really be able to trade 24/7 on which as long you do have the capital to trade with
then you could really be able ot trade on unlimited matter. It will really be just that depending on how you would really be able to sustain or survive with this volatile space. There are some several of my forex trader friends did make out some switch to crypto just because of that no closing market and having that higher potential on making profits due to extreme volatility
but of course its something that it is really that more risky than forex. So it will really be that up to you.
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The crypto market is literally one of the most crazy place to trade. The market is always opened 24/7, and there are so many traders that follows up with the market at every point in time, because any little slumber or mistake can lead to massive opportunity loss within a blink of an eye. But regardless, there are so many opportunities for those that are active and learn always.
I agree. The crypto market is indeed the most volatile, unpredictable and dynamo market to trade. Traders need to be constantly vigilant at all time for any sudden change in trend or market conditions.
The level at which the market trends moves can be so swift and overwhelming for traders, regardless of how experienced or how long you’ve been in the market. Just a little error could result to losses. And this is exactly why it’s important to be well equipped with the necessary skills and knowledge before entering or approaching the crypto market, because it may involve switching to a completely different approach in some cases that the market changes and if you’re not versatile enough in your approaches, you’ll surely end up in losses.
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There is no limit to how we can trade as long as we have chosen the kind we are gong for and could afford taking the result after it, trading is unlike other physical investments whereby we will be restricted to using a specific limit or amount of money for doing it, we can trade and uses the money we have to engage on trading as much as we can afford to because we are not limited or restricted to how we can go in trading.
It would be better to trade as much amount you can afford to lose than to trade as much as you want.
Without getting the proper knowledge of the market, you can end up blowing your portfolio by trading as much as you want... Though there's no closing time of the market, that simply means you can trade as many times as possible without fear of the market closing.
On the other hand, I guess with CEX you have a limit of amount you can buy on a particular trade and with a particular asset... And anything lesser wouldn't be placed on trade... And I guess that's how it is at a higher value and this is a method of keeping the market going (stabilizing)... Simply stating that the market has a limit buy order and it won't go below that depending on the Exchange
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If as a day trader and as a scalper in trading, you can trade as many assets as possible. But your screen needs to be very wide for you to see everything at once or use multiple screens to view your trade.
On the other hand, it is important that your Capita is watched for profit, not to throw it into the market, coming out with nothing. It is a primary saying in the crypto industry, invest and trade what you can afford to lose. This is to safe guard your heart and emotions.