Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Penlex_Writer on December 23, 2024, 11:44:38 PM
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
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You need to work on your content construction. Also you need to learn about the risk management in trading before giving anyone advice. The topic is too basic and also not well explained.
you must know the broker to trade with
This is not forex or those traditional markets that require brokers. Crypto traders make use of crypto exchanges. Although, some brokers may list bitcoin and few other cryptocurrencies.
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Risk management in trading is very important, and can help one to endure when the trading turns out unprofitable. With patients, the ability to wait and act at the right time is also knowledgeable. Financial Management will also help one to start small and make good progress in trading.
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Risk management in trading is very important, and can help one to endure when the trading turns out unprofitable. With patients, the ability to wait and act at the right time is also knowledgeable. Financial Management will also help one to start small and make good progress in trading.
risk management is always considered,the risk brings out the rewards.
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You need to work on your content construction. Also you need to learn about the risk management in trading before giving anyone advice. The topic is too basic and also not well explained.
you must know the broker to trade with
This is not forex or those traditional markets that require brokers. Crypto traders make use of crypto exchanges. Although, some brokers may list bitcoin and few other cryptocurrencies.
i totally agree with you,the risk management needs a proper understanding before thinking of going into.
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As what I understand, trading is a never-ending cycle of learning...aside from technical matters you will also learn a lot from your mistakes especially when you made a loss and then you also learn from the strategies as well as mistakes of other traders. Now, actually you don't have to be a genius to start trading as long as you really have the passion, time and some capital that you can use in this industry. Trading is open to anyone but of course trading is not for all people as this is not as easy as walking in the park and yes there are many opportunities for wealth generation here as well as many possible risks involved. So one has to be careful while looking forward to soon experience financial freedom gained from working anywhere and anytime you wanted to.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
Just total a basic stuff but tons of people who do failed up with this basic thing because they dont able to assess themselves on what are the things they do need for them to be able to sustain. You would definitely be having some issues at the time or moment that you dive in directly without proper knowledge. On the moment that you do make some involvement with trading then make it sure that you do at least made out some research on what it is all about and even reading up with others experiences too. Having some awareness will really be that good into this aspect.
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Having a proper risk management is for sure a big help to anyone who wants to be a trader in the field of Crypto or Forex. Because if you don't know or learn this, I think you will still be lacking as a trader. Then you should also know the characteristics of a responsible trader.
It's not enough to just have knowledge or deep ideas about trading, you should know the real cycle or movement when you are actually in the actual
momentum of crypto trading.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
You opened quite a few threads recently which all seem too generic and mostly you are mentioning stuffs that are not related to crypto in particular for example you here mentioned 'Broker' which is not a thing in crypto trading, you either trade via exchange or p2p platform so there is no missle men like brokerage for stock trading. You must learn something before advising others or just ask the question instead of educating others.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
In crypto trading knoweldge of crypto brokers to trade with is not necassary because these brokers will fish you with high leverages and newbies should not do leverage trading instead they should do spot trading on tier 1 centralized exchanges if they prefer anoynmity then decentralized exchanges. This can save them the effort to find the best broker and the fees and from the fraud too.
Other than broker knowledge we certainly need basic trading knoweldge and that after buying we have to control our emotions too. Most of the newbie book early and leave the token with lesser profit some sell in lose because they think another coin can make them more profit.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
Anyone can trade but not everyone can make profit. If you want to make money from trading, you must equipped yourself with Trading knowledge, the basic to the top of your game otherwise you will lose everything, I mean literally everything that you used in trading if you are not careful, it looks so easy when you look at it but complex when you spend time in it.
The illusion of bull run makes people want to believe that trading is not hard because you can make profit easily but that's not how it work, bull run is just one season of the market, there are other phase that are not full of roses.
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Yes, trading is not just a fun outing to make easy money, it is a long journey of learning, patience, mistakes and learning until you gain the knowledge and experience that qualifies you to be a good trader.
The first step in trading is learning, many people make mistakes and start trading immediately without knowledge because they think trading is easy, it is just buying at a low price and selling at a higher price, when they start receiving successive losses they realize their mistake and realize that trading is much deeper and broader than that.
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Actually, trading is one of the best earning process in cryptocurrency market. Because we know that many professional traders could be earn best profit from cryptocurrency market. So if we want to a successful traders, we must be understand in cryptocurrency market and trading system. Because if we can not acquire knowledge from cryptocurrency market or trading system, then earn best profit from cryptocurrency and trading will be very hard for us. So I believe that acquire knowledge in cryptocurrency market and trading is very important issues for earn best profit.
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The users new to crypto find it hard to begin trading when they couldn't find a real tutorial on YouTube. Not realising the day trading tutorials about Forex trading is not so different in crypto. They both have same trading view utilities and same indicators that works for any market.
Learning to be a trader can be done by buying trading tutorials on udemy.com.
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Yes, trading is not just a fun outing to make easy money, it is a long journey of learning, patience, mistakes and learning until you gain the knowledge and experience that qualifies you to be a good trader.
Even if you become a good trader, you will continue to learn and gain experience. I do not believe there will be any trader who is so good that he has nothing to learn again. However, it is proper to understand the fundamentals of trading, and as you mentioned, patience is essential for learning the fundamentals. Thereafter, experiences can be gained and other knowledge can be formed the more he trades.
The first step in trading is learning, many people make mistakes and start trading immediately without knowledge because they think trading is easy, it is just buying at a low price and selling at a higher price, when they start receiving successive losses they realize their mistake and realize that trading is much deeper and broader than that.
This mistake is so common because people are always eager to make money, so they try to avoid the learning process as much as possible in order to start earning right away. In some cases, they rely on an expert trader to trade for them or give them instructions on how to trade in order to make immediate gains, but they still feel the gap when they try to trade for themselves because they ignored learning the fundamentals.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
this pretty much applies to everything you do in life i do not know why nor how will anyone do something with so little information to go by i know some people will say that they can just go and learn it as they do it but with trading since money is involved the risks are way too high and would inevitably leave you with more losses than you would have ever expected
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
There are no limits to trading because we can trade anytime and anywhere with any money and can make a profit anytime. All we need is knowledge, and you are right that in trading knowledge is wide, which means we need to learn a lot of things and a lot of indicators, tools, etc. to get some idea of where the coin's next move will be.
And speaking of brokers, I don't know why it's important in your sight, as we don't need any when we are trading on either CEXs or DEXs. IMO, we should never trade via brokers because most of them can scam us I have a real-life example in front of me, we studied at the same university, not mates though. He shared how his broker under the wrong name somehow puzzled them into thinking someone else and it was their own mistake, as from the start the broker was a scammer and once he had enough money he flew away, leaving them rekt.
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Acquiring knowledge before starting to trade is crucial, as it serves as a guideline for managing and maintaining a successful trading business. In fact, obtaining knowledge is essential before engaging in any new endeavor, as it helps you understand the risks and challenges involved.
Trading, in particular, is not a straightforward business; it involves risks and complexities. To navigate these challenges, it's essential to be knowledgeable about trading before getting started. This includes learning how to manage risk, as well as understanding other critical aspects of trading.
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If you were to be with someone who can think of doing trading, you immediately think of it as "Are you sure?" because they know there is uncertainty to trading that is inevitably part of it. The volatility of crypto would be hard to control as well. You must be careful because it's an up-and-down process, and you can never get it right most of the time.
It is essential to know anything before stepping into it. It's critical to be able to apply what you have learned and maybe could earn the profit that you have.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
I stopped doing serious trading because you need a lot of time to fully digest what trading is, and it always comes at a cost if you want to learn how to trade. If you do not have the funds and the perseverance, you will get burned its better to just find the best coin to invest in hodl it and wait for profit like holding Bitcoin, its easier you just need patient to wait for the bull market.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
This is also what I always mention: the need to learn and accumulate knowledge before actually putting money into trading. Trading is not a game and the market is not a classroom for us to learn the basic knowledge of technical indicators or Take Profit & Stop Loss. Traders should have a little patience to learn about the basics, use a Demo account to practice skills and enter the market under the guidance of a more experienced trader.
However, usually in a bullrun, investors tend to be hasty and FOMO, they will invest immediately with all their capital to make a huge profit like someone on the internet. When losing, they always say that it is a necessary tuition fee to accumulate experience, they forget that they have lost all their capital to be able to stay in the market @@
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
The traders haven’t lied when they said knowledge is power, knowledge is power indeed and without the knowledge, you cannot be a profitable trader at all. When going to learn the basics of trading, having that sufficient knowledge is important. Then after getting the knowledge, keeping up with the learning process is very valuable for a trader to be successful. It is a continuous learning process and when you stop to learn, it’s going to be hard for you to catch up immediately again.
Patient is very important in trading and those moments that you’ve been waiting to become profitable, your patient is been tested and when you don’t nurture it well, you may be deceiving yourself that you’ve understood the market and then fall in a big loss and take you back again. It’s a gradual process and when the profitability comes, you don’t need to be told but you’ll feel it immediately from your trades and winning rate.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
Crypto currency does not use broker or brokers. Brokers are mostly for forex traders, not for digital assets like crypto currency. When it comes to crypto currency trading, crypto exchanges are used, where a variety of different crypto currency are traded.
Though, the forex market and crypto market might be similar when it comes to the market structure made of candles sticks and which requires technical analysis in other to make successful trades, the volatile nature of crypto currencies is way higher than that of forex, with more flexibility than that of forex.
Knowing the very basics of crypto currencies is very important, things like what exchanges are, wallets, private keys, mnemonics etc.
Trading is not for every body in crypto industry, but everyone can earn from it in every little way you understand.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
The traders haven’t lied when they said knowledge is power, knowledge is power indeed and without the knowledge, you cannot be a profitable trader at all. When going to learn the basics of trading, having that sufficient knowledge is important. Then after getting the knowledge, keeping up with the learning process is very valuable for a trader to be successful. It is a continuous learning process and when you stop to learn, it’s going to be hard for you to catch up immediately again.
Patient is very important in trading and those moments that you’ve been waiting to become profitable, your patient is been tested and when you don’t nurture it well, you may be deceiving yourself that you’ve understood the market and then fall in a big loss and take you back again. It’s a gradual process and when the profitability comes, you don’t need to be told but you’ll feel it immediately from your trades and winning rate.
Knowledge and skills are needed in trading. I also agree if you say knowledge is power so that we can trade well, because we can't do it if we don't have enough knowledge. because in trading it takes all of that. And as you said patience is also very important because the crypto market is very volatile.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
The traders haven’t lied when they said knowledge is power, knowledge is power indeed and without the knowledge, you cannot be a profitable trader at all. When going to learn the basics of trading, having that sufficient knowledge is important. Then after getting the knowledge, keeping up with the learning process is very valuable for a trader to be successful. It is a continuous learning process and when you stop to learn, it’s going to be hard for you to catch up immediately again.
Patient is very important in trading and those moments that you’ve been waiting to become profitable, your patient is been tested and when you don’t nurture it well, you may be deceiving yourself that you’ve understood the market and then fall in a big loss and take you back again. It’s a gradual process and when the profitability comes, you don’t need to be told but you’ll feel it immediately from your trades and winning rate.
Knowledge and skills are needed in trading. I also agree if you say knowledge is power so that we can trade well, because we can't do it if we don't have enough knowledge. because in trading it takes all of that. And as you said patience is also very important because the crypto market is very volatile.
Agreed, Trades on the other hand need to be well prepared such that the actions made create the right decisions. As we operate in a market environment that is unstable today and even more unstable tomorrow, it is important to update knowledge, make conclusions and gain more different possibilities that exist. Understanding when to make market movements allows for the right course of action and being calm when making decisions prevents rash manoeuvres. If there has to be a certain outcome of a particular decision then sufficient understanding has to be made before reaching that decision. Here, consistency and risk awareness are things that have to be used, as trading success is not only about being able to read signals, but how we approach managing the decisions that have been made.
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Knowledge and skills are needed in trading. I also agree if you say knowledge is power so that we can trade well, because we can't do it if we don't have enough knowledge. because in trading it takes all of that. And as you said patience is also very important because the crypto market is very volatile.
I totally agree with you, in fact I Start from the fact that any Activity that involves money must have knowledge and knowledge is Acquired by reading, seeing and having as a basis books and arguments that no one comes to the grave with their words, and for me trading is first Knowledge and second experience, if both are hand in hand I think everything will fluctuate as it is , Otherwise I don't think things will turn out well in trading, therefore when we see that there are Many things that can be done with Trading , for me it is essential to Know , even if you use a little but well , that it is mastered to Always apply it.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
If you rush into trading, you'll quickly also rush out of it because of the mistakes and losses that you would incur and make. There is a popular discussion that says that it will be easier for you to pay for the knowledge of trading from someone who already has experience in it than for you to risk your capital learning on your own and still end up losing an amount of money almost equivalent to the amount of money you will have invested in trying to learn.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
No one can get success on any sector if they don't have any knowledge about on that sector and they put their money on that sector. Regarding the crypto investment, it was the most riskiest investment in kind of the others investment. And here most of the people face losses because of only there invest here before having any basic knowledge.
Sometimes many have invest here just influenced by someone other. So these are the examples why you shouldn't participate on the investment before having the knowledge about trading.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
No one can get success on any sector if they don't have any knowledge about on that sector and they put their money on that sector. Regarding the crypto investment, it was the most riskiest investment in kind of the others investment. And here most of the people face losses because of only there invest here before having any basic knowledge.
Sometimes many have invest here just influenced by someone other. So these are the examples why you shouldn't participate on the investment before having the knowledge about trading.
I agree with you that if you want a success in a business you must have knowledge on how to become successful with that kind of business. So in trading, we must really have the basic knowledge in trading which can also be found here in this forum before you start trading. Crypto trading is one of the most riskiest type of investment. So we must learn about crypto because we are making money into crypto. Also, you will understand later on why crypto is one of the best thing to invest.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
In crypto trading knowledge of crypto brokers to trade with is not necessary because these brokers will fish you with high leverages and newbies should not do leverage trading instead they should do spot trading on tier 1 centralized exchanges if they prefer anoynmity then decentralized exchanges. This can save them the effort to find the best broker and the fees and from the fraud too.
Other than broker knowledge we certainly need basic trading knoweldge and that after buying we have to control our emotions too. Most of the newbie book early and leave the token with lesser profit some sell in lose because they think another coin can make them more profit.
As a beginner on crypto trading, it is not advisable to start with future and margin options trading that involves leverages. Many instructors, who you referred as brokers always begin with newbies on future/margin trading, unfortunately, many of them end up with heavy losses because they have no experience to manage risk especially taking leverages.
Again, it is not proper to start teaching newbies the future options with leverage, instead, newbie should start the basic trading lessons on how to trade the spot market.
It is better for newbies to start learning the sport trading options to gain the necessary experiences before embarking on leverages trading like, future/margin options.
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Knowledge is key. Weather trade or anything else it's important you understand adequately before investing.
I advice people going into trading to first of all invest time to learn the trade they want to go into.
The reason why most traders wind-up after sometime is because they didn't do due diligence before venturing.
For you to be a good trader you must understand the pros and cons of the business you are going in. You must also understand the possible challenges and how to overcome them.
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I agree with you that if you want a success in a business you must have knowledge on how to become successful with that kind of business. So in trading, we must really have the basic knowledge in trading which can also be found here in this forum before you start trading. Crypto trading is one of the most riskiest type of investment. So we must learn about crypto because we are making money into crypto. Also, you will understand later on why crypto is one of the best thing to invest.
Yes same here for trading.
But not only just basic knowledge could be bring success for a Crypto trader. For becoming a successful Crypto trader he must need both things that knowing the trading psychology and as well the money management skill and also having the analysis skill like technical analysis and the fundamental analysis and then it reader become successful later.
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I agree with you that if you want a success in a business you must have knowledge on how to become successful with that kind of business. So in trading, we must really have the basic knowledge in trading which can also be found here in this forum before you start trading. Crypto trading is one of the most riskiest type of investment. So we must learn about crypto because we are making money into crypto. Also, you will understand later on why crypto is one of the best thing to invest.
Yes same here for trading.
But not only just basic knowledge could be bring success for a Crypto trader. For becoming a successful Crypto trader he must need both things that knowing the trading psychology and as well the money management skill and also having the analysis skill like technical analysis and the fundamental analysis and then it reader become successful later.
in trading knowledge and ability to manage psychology are very much needed. In addition we must have skills. the most difficult in trading is controlling emotions such as greed because this has fatal consequences when we are greedy and lose the opportunity to make a profit.
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Knowledge is key. Weather trade or anything else it's important you understand adequately before investing.
I advice people going into trading to first of all invest time to learn the trade they want to go into.
Exactly, knowledge is the basic thing that must be owned before trading. And learning it is a mandatory and prioritized thing, to be more prepared and truly ready to trade. Crypto trading is not something that is easy to do, the risk is very high. So, if you jump into the world of crypto trading without preparation and just follow along, the result will be more like gambling, especially just winning or following trading signals, and just taking chances to get profits, this will be very dangerous for beginners. That's why many of them end up losing painfully and losing big money because of their unpreparedness before trading properly in terms of knowledge and managing their emotions and risks.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
The topic is too general, even what kind of knowledge is worth considering before starting trading is not explained... the most likely is financial knowledge and risk management, unfortunately the topic creator forces us to search for it ourselves on the internet...
When starting trading, everyone will start learning and they will start to understand little by little the knowledge about risks and opportunities...from there the learning will begin by itself.
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I agree with you that if you want a success in a business you must have knowledge on how to become successful with that kind of business. So in trading, we must really have the basic knowledge in trading which can also be found here in this forum before you start trading. Crypto trading is one of the most riskiest type of investment. So we must learn about crypto because we are making money into crypto. Also, you will understand later on why crypto is one of the best thing to invest.
Yes same here for trading.
But not only just basic knowledge could be bring success for a Crypto trader. For becoming a successful Crypto trader he must need both things that knowing the trading psychology and as well the money management skill and also having the analysis skill like technical analysis and the fundamental analysis and then it reader become successful later.
in trading knowledge and ability to manage psychology are very much needed. In addition we must have skills. the most difficult in trading is controlling emotions such as greed because this has fatal consequences when we are greedy and lose the opportunity to make a profit.
Emotion and psychological aspect will really be the main crucial thing on which you will really be needing up to consider out on which at the time or moment that you will be dealing up with trading then these are the primary problems that you'll be facing specially losing money is never been that ideal or something that much needed up for you to consider out. We do know that trading is never been easy and dealing up with a volatile space is something that makes you that impulsive specially if you do lack knowledge and awareness on how it works and behaves. If you are that good on having that awareness then this is something that not needed up to worried about.
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Cryptocurrency trading involves speculating on price changes or buying and selling digital currencies. A real trader makes a profit by trading successfully after many days of practice and effort. Start by understanding the basics of blockchain and how different cryptocurrencies work. Familiarize yourself with market orders, pending orders, stop losses and other key trading concepts. Moreover, cryptocurrency trading has high volatility which requires precision risk management. Effective risk management can protect traders from big losses and help save capital. You can improve your crypto skills from various crypto forums and communities if you want.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
That's really what it should be, no one who doesn't know anything about trading is allowed in this field of cryptocurrency business. As long as you can, you should have deep knowledge of trading. Because it's easy to do, if you make a mistake in the analysis, whether technical or fundamental, it can definitely cause pressure and stress to anyone.
That's why the willingness to take risk is very important on this trading aspect, in fact. This is always said as a reminder by others like me in the crypto community
in the industry that we are in.
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I agree with you that if you want a success in a business you must have knowledge on how to become successful with that kind of business. So in trading, we must really have the basic knowledge in trading which can also be found here in this forum before you start trading. Crypto trading is one of the most riskiest type of investment. So we must learn about crypto because we are making money into crypto. Also, you will understand later on why crypto is one of the best thing to invest.
Yes same here for trading.
But not only just basic knowledge could be bring success for a Crypto trader. For becoming a successful Crypto trader he must need both things that knowing the trading psychology and as well the money management skill and also having the analysis skill like technical analysis and the fundamental analysis and then it reader become successful later.
Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.
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That's really what it should be, no one who doesn't know anything about trading is allowed in this field of cryptocurrency business. As long as you can, you should have deep knowledge of trading. Because it's easy to do, if you make a mistake in the analysis, whether technical or fundamental, it can definitely cause pressure and stress to anyone.
That's why the willingness to take risk is very important on this trading aspect, in fact. This is always said as a reminder by others like me in the crypto community
in the industry that we are in.
I think the problem lies in the knowledge of psychology management and the appropriate perspective for the trading profession. Traders need to continuously improve their knowledge and trading skills to increase their ability to predict and trade successfully, but also be willing to accept market risks and their own mistakes.
Indicators and tools always have their own limitations and can give out wrong trading signals, investors need to adapt to them and overcome them to continue trading in order to take advantage of the next opportunity with higher profits. Excessive stress and perfectionism in trading often force investors to leave the market in losses with psychological instability.
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Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.
Understanding the fundamentals is crucial, but that does not negate the fact that all traders aim to make money. When the fundamentals are understood, profit follows. It takes patience and many unsuccessful trades to learn the fundamentals. I always recommend demo trading accounts because they help beginners understand the basic analytics of trading.
However, in my personal experience, learning with demo accounts does not qualify a trader as an expert trader. It is also necessary to trade with real money under the supervision of an expert, as this will allow the beginner to learn even more effectively. Whatever happens in trading counts as experience, and the losses incurred will gradually transform the beginner into an expert.
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in trading knowledge and ability to manage psychology are very much needed. In addition we must have skills. the most difficult in trading is controlling emotions such as greed because this has fatal consequences when we are greedy and lose the opportunity to make a profit.
Trading without knowledge and especially loss is like trying to catch fish from the river and you don't have an experience before, that's going to be waste of time and in trading you are not only wasting time, you are also losing money in that process. If you any to make money from trading, first invest in knowledge by getting a paid trading course and start there.
Practice new chat to see if you are ready to use your real money or you will continue and wouldn't give up until you are able to master this game of trading before you can go fully to on your trading journey. It sound simple but it's difficult when you try it.
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in trading knowledge and ability to manage psychology are very much needed. In addition we must have skills. the most difficult in trading is controlling emotions such as greed because this has fatal consequences when we are greedy and lose the opportunity to make a profit.
Trading without knowledge and especially loss is like trying to catch fish from the river and you don't have an experience before, that's going to be waste of time and in trading you are not only wasting time, you are also losing money in that process. If you any to make money from trading, first invest in knowledge by getting a paid trading course and start there.
Practice new chat to see if you are ready to use your real money or you will continue and wouldn't give up until you are able to master this game of trading before you can go fully to on your trading journey. It sound simple but it's difficult when you try it.
I agree with you trading requires knowledge because we can't possibly trade without knowledge because the risk in trading is quite large. In addition to knowledge, we must have the skills to make the right analysis and strategy so that our trading can generate profits. If trading without knowledge, we can experience losses.
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Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.
Understanding the fundamentals is crucial, but that does not negate the fact that all traders aim to make money. When the fundamentals are understood, profit follows. It takes patience and many unsuccessful trades to learn the fundamentals. I always recommend demo trading accounts because they help beginners understand the basic analytics of trading.
However, in my personal experience, learning with demo accounts does not qualify a trader as an expert trader. It is also necessary to trade with real money under the supervision of an expert, as this will allow the beginner to learn even more effectively. Whatever happens in trading counts as experience, and the losses incurred will gradually transform the beginner into an expert.
Not all but most of them. I think we can't deny by ourselves that in the first place we are here in crypto to make money especially in trading. That mindset is what we should change in order for us to be a successful trader. Before we start trading, we should back test our trades through a demo account to determine the effectiveness of the strategy that you have and also this will help you to boost confidence. After that, you can try your strategy with real account with a small margin only because this time you only mastering how to handle your emotion in trading.
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Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.
If we want to go to a professional level in one thing, we first need to know the basics of those things well. This is the not different in the case of trading. Moreover, from my personal point of view, what I think is that if someone does not know the basics of trading, they will not go on the right path to advance to the next level and will only waste their money by going on the wrong path.
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Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.
If we want to go to a professional level in one thing, we first need to know the basics of those things well. This is the not different in the case of trading. Moreover, from my personal point of view, what I think is that if someone does not know the basics of trading, they will not go on the right path to advance to the next level and will only waste their money by going on the wrong path.
Of course, how else, how can we be professional if we don't really understand what we are doing. In daily activities, having certain knowledge when doing something is very important, it is indeed basic. Don't forget that we do things blindly, completely blind without any knowledge at all for trading. This will really end badly and will not go smoothly. Although having knowledge does not guarantee that trading will always be 100% successful, at least, it is much more prepared and better than without knowledge.
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As a beginner on crypto trading, it is not advisable to start with future and margin options trading that involves leverages. Many instructors, who you referred as brokers always begin with newbies on future/margin trading, unfortunately, many of them end up with heavy losses because they have no experience to manage risk especially taking leverages.
Again, it is not proper to start teaching newbies the future options with leverage, instead, newbie should start the basic trading lessons on how to trade the spot market.
It is better for newbies to start learning the sport trading options to gain the necessary experiences before embarking on leverages trading like, future/margin options.
I agree future trading is difficult and beginners should avoid it but almost every beginner without any knowledge starts a future trade and makes huge losses later they realize spot trading is like having 2nd chance. In the future traders get liquidated but in spot they won't and if the trade go against our prediction we can still hold our tokens until we recover loss.
Teaching newbies future options is better than saying them do future trading because without any knowledge they will lose all of their money but I agree that future trading should be avoided until newbies understand how cryptomarket make move.
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As a beginner on crypto trading, it is not advisable to start with future and margin options trading that involves leverages. Many instructors, who you referred as brokers always begin with newbies on future/margin trading, unfortunately, many of them end up with heavy losses because they have no experience to manage risk especially taking leverages.
Again, it is not proper to start teaching newbies the future options with leverage, instead, newbie should start the basic trading lessons on how to trade the spot market.
It is better for newbies to start learning the sport trading options to gain the necessary experiences before embarking on leverages trading like, future/margin options.
I agree future trading is difficult and beginners should avoid it but almost every beginner without any knowledge starts a future trade and makes huge losses later they realize spot trading is like having 2nd chance. In the future traders get liquidated but in spot they won't and if the trade go against our prediction we can still hold our tokens until we recover loss.
Teaching newbies future options is better than saying them do future trading because without any knowledge they will lose all of their money but I agree that future trading should be avoided until newbies understand how cryptomarket make move.
Trading is never been easy and it would never be and thats why tons of people will really be to fail on trading because this isnt a skill that you could really be easily obtained.It will be taking up that long time and tons of effort before you can acquire such skills and this is why on the moment that you are really that trying out to dive in with this market, then make it sure that you do really know at least on what you are really that indeed doing. Mistakes are common but you should be that trying out to learn and sustain yourself because learning up this skill isnt something that you can be able to do it on a short period of time.
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Trading is never been easy and it would never be and thats why tons of people will really be to fail on trading because this isnt a skill that you could really be easily obtained.It will be taking up that long time and tons of effort before you can acquire such skills and this is why on the moment that you are really that trying out to dive in with this market, then make it sure that you do really know at least on what you are really that indeed doing.
Trading is not easy as you mentioned, but it is possible to learn the fundamentals of trading. People learn to trade. Trading is not about luck. It relies heavily on analysis and market knowledge. Unfortunately, some traders, especially newbies, trade without any trading knowledge, and these traders quickly abandon trading because trading becomes too difficult for them due to their lack of knowledge of trading analytics.
Mistakes are common but you should be that trying out to learn and sustain yourself because learning up this skill isnt something that you can be able to do it on a short period of time.
A trader cannot learn trading without making mistakes. Mistakes can help a trader improve his or her knowledge of trading. When a trader makes a mistake, he tries to avoid repeating it. When he avoids such mistakes, he gradually becomes an expert trader who is confident of making profits. Thus, mistakes are inevitable for traders, and no trader should be afraid to make them. If a trader is afraid of losing money because of his mistakes, he is not ready to learn how to trade.
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Yeah, you are right. But what I'm saying is, some people are so much focus on profit so that they don't know what they exactly needed. They skip the basics and procced to advance which could lead to confusion. We all know how important the basics in any aspects of life, we can't proceed to advance without basics. It's the key for us to understand advance. Sometimes, even just basic knowledge about analysis as long as you pair it with psychology and risk management, you become profitable.
If we want to go to a professional level in one thing, we first need to know the basics of those things well. This is the not different in the case of trading. Moreover, from my personal point of view, what I think is that if someone does not know the basics of trading, they will not go on the right path to advance to the next level and will only waste their money by going on the wrong path.
It will be more difficult for us especially if we skip to advance without studying the basics. If we only learn the basics when we have already advanced trading analysis and lost already some of our trades, it is possible that we will be more confused and it will be more difficult on how to connect the basics to your advance learnings. This is also the reason why mentors teach the basics before they continue to advance.
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Yes as market behaved last 15 days many trades got lequidated very hard including me as well.
In bull market there are same crash will come and lequidated both site longs and sort so as of my mind set from next few month to be the hold your spot bag and just chill.
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It will be more difficult for us especially if we skip to advance without studying the basics. If we only learn the basics when we have already advanced trading analysis and lost already some of our trades, it is possible that we will be more confused and it will be more difficult on how to connect the basics to your advance learnings. This is also the reason why mentors teach the basics before they continue to advance.
Studying about basic in cryptocurrency very important because how to keep our assets secure and not wrong way when withdrawing or deposit fund, learn more in cryptocurrency make us have more knowledge and most important for trader or holder because their assets speculation in the future will reach to higher price or keep going down.
Need mentor for cryptocurrency actually yes but don't make your trading way depend all from mentor, most of them take advantage from beginner to buy their coins but at selling position. So after having mentor you must make self research for buying any coins although have recommended firstly by mentor.
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- You know, trading is like a school, where you are the student who is needed if you are going to enter the field industry of trading business,
you must insist on studying it properly and correctly.
Because trading, as most experienced traders say, is not easy to do to generate profit, but if you study properly, it will definitely be a passive income for you in the end.
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Yes as market behaved last 15 days many trades got lequidated very hard including me as well.
In bull market there are same crash will come and lequidated both site longs and sort so as of my mind set from next few month to be the hold your spot bag and just chill.
When there are events of big falls in the market and then the price goes up again, it is called market manipulation. I think that's what happened to you. We're still in the bullish season and it's just started, so it's definitely manipulation. We can prove that when after liquidating the majority of the traders the price plunges upwards. We can't control it so we should get into the habit of putting a stop-loss to avoid liquidation.
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It will be more difficult for us especially if we skip to advance without studying the basics. If we only learn the basics when we have already advanced trading analysis and lost already some of our trades, it is possible that we will be more confused and it will be more difficult on how to connect the basics to your advance learnings. This is also the reason why mentors teach the basics before they continue to advance.
Without a doubt, there can be no real value in advanced level without basics because if one does not learn basic, one will not be able to learn advanced level. Rather, if one applies it instead of learning at advanced level, then one will not get any output except loss or failure. And besides, I think basic knowledge is the ladder to the advanced level. Just as you can't climb to the second floor of a building without stairs, you can never reach the advanced level without basic knowledge.
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Trading is never been easy and it would never be and thats why tons of people will really be to fail on trading because this isnt a skill that you could really be easily obtained.It will be taking up that long time and tons of effort before you can acquire such skills and this is why on the moment that you are really that trying out to dive in with this market, then make it sure that you do really know at least on what you are really that indeed doing. Mistakes are common but you should be that trying out to learn and sustain yourself because learning up this skill isnt something that you can be able to do it on a short period of time.
Future trading is surely hard but it is not that difficult and in order to learn something we must not make that thought big because that way we cannot overcome the fear and learn really how to trade. Our main aim while learning should be to practice too.
I agree with that we cannot learn future and margin trading on short period of time because it required proper analysis and knowledge and without both we will be making blind trades which can liquidate us and can make us profit too. Newbie in bull run make decent profit via future trades but with time they don't know when to stop and liquidate all that money.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
Trading involves money so there will be risk and since crypto is very volatile so there is very high risk. So no one can deny that one must have good knowledge about trading to trade. A lot of money can be profited through trading but it requires patience and risk taking ability as well as knowledge about trading. While trading many people think that they can profit very quickly from now on which causes them to panic which leads to their losses.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
Trading involves money so there will be risk and since crypto is very volatile so there is very high risk. So no one can deny that one must have good knowledge about trading to trade. A lot of money can be profited through trading but it requires patience and risk taking ability as well as knowledge about trading. While trading many people think that they can profit very quickly from now on which causes them to panic which leads to their losses.
People who think in trading can make money quickly are those who have not known trading for long, usually newbies. because in trading the risk is very high and the crypto market is very volatile so we must have knowledge and experience in order to make the right analysis. Because if our analysis and strategy are wrong, we will not get profit in trading.
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As what I understand, trading is a never-ending cycle of learning...aside from technical matters you will also learn a lot from your mistakes especially when you made a loss and then you also learn from the strategies as well as mistakes of other traders. Now, actually you don't have to be a genius to start trading as long as you really have the passion, time and some capital that you can use in this industry. Trading is open to anyone but of course trading is not for all people as this is not as easy as walking in the park and yes there are many opportunities for wealth generation here as well as many possible risks involved. So one has to be careful while looking forward to soon experience financial freedom gained from working anywhere and anytime you wanted to.
I agreed with you,you must bear a loss and also learn from it.
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Yes, trading is not just a fun outing to make easy money, it is a long journey of learning, patience, mistakes and learning until you gain the knowledge and experience that qualifies you to be a good trader.
Even if you become a good trader, you will continue to learn and gain experience. I do not believe there will be any trader who is so good that he has nothing to learn again. However, it is proper to understand the fundamentals of trading, and as you mentioned, patience is essential for learning the fundamentals. Thereafter, experiences can be gained and other knowledge can be formed the more he trades.
The first step in trading is learning, many people make mistakes and start trading immediately without knowledge because they think trading is easy, it is just buying at a low price and selling at a higher price, when they start receiving successive losses they realize their mistake and realize that trading is much deeper and broader than that.
This mistake is so common because people are always eager to make money, so they try to avoid the learning process as much as possible in order to start earning right away. In some cases, they rely on an expert trader to trade for them or give them instructions on how to trade in order to make immediate gains, but they still feel the gap when they try to trade for themselves because they ignored learning the fundamentals.
yea in trading we catch up experience everyday,there is no perfect trader.
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Having a proper risk management is for sure a big help to anyone who wants to be a trader in the field of Crypto or Forex. Because if you don't know or learn this, I think you will still be lacking as a trader. Then you should also know the characteristics of a responsible trader.
It's not enough to just have knowledge or deep ideas about trading, you should know the real cycle or movement when you are actually in the actual
momentum of crypto trading.
I totally agree with you,having an idea is cool,but you still needs to experience in other areas,trading needs ab idea with a better trading experience.
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It will be more difficult for us especially if we skip to advance without studying the basics. If we only learn the basics when we have already advanced trading analysis and lost already some of our trades, it is possible that we will be more confused and it will be more difficult on how to connect the basics to your advance learnings. This is also the reason why mentors teach the basics before they continue to advance.
Without a doubt, there can be no real value in advanced level without basics because if one does not learn basic, one will not be able to learn advanced level. Rather, if one applies it instead of learning at advanced level, then one will not get any output except loss or failure. And besides, I think basic knowledge is the ladder to the advanced level. Just as you can't climb to the second floor of a building without stairs, you can never reach the advanced level without basic knowledge.
Trading is of different stages and level, and of course you can't achieved any higher level without them getting the basis otherwise there would error while trading. This will cause series of lost, failure as you have said. The basic level gives us a push up to the next level or advance level, when you have all the technicalities you can trade without having to fear about any risk because before then you have learned about risk management.
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Trading is of different stages and level, and of course you can't achieved any higher level without them getting the basis otherwise there would error while trading. This will cause series of lost, failure as you have said. The basic level gives us a push up to the next level or advance level, when you have all the technicalities you can trade without having to fear about any risk because before then you have learned about risk management.
Indeed, every pursuit that yields positive outcomes, including trading, involves a progression of levels, steps, or stages. Acquiring knowledge of the fundamental principles and concepts is essential for navigating these stages successfully. Having a solid grasp of the basics enables you to transition seamlessly from the lower stages to the more advanced levels of trading. As you progress, the knowledge you've acquired serves as a foundation, allowing you to manage and maintain your trading activities with greater ease and confidence.
When you have a lot of knowledge, you can make smart choices, and you will be able to prevent big mistakes, and adjust to changes in the market. This knowledge is the strong foundation that helps you to build a successful and a long lasting trading business.
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Basically as humans we sometimes think that our knowledge is already at a very good stage so that we can start doing something, including trading.
But actually we are not really at the stage where we are ready to start trading. But that is not a problem as long as we can fix it over time, because some people say starting to try is something that can be done because with that we can gain experience.
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Basically as humans we sometimes think that our knowledge is already at a very good stage so that we can start doing something, including trading.
But actually we are not really at the stage where we are ready to start trading. But that is not a problem as long as we can fix it over time, because some people say starting to try is something that can be done because with that we can gain experience.
Like many member comments that I read in this forum, trading takes a long time to be able to be skilled in making analysis and also developing the right strategy. As newbies we should be able to learn and study analysis and understand the character of the crypto market, so we can start learning to trade in order to train our skills. because becoming a professional is not easy and takes a long time.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
Among the few difficult things I have seen, trading is the most important. Trading is a very critical subject. Psychological power, and knowledge and practical ability are all necessary to be a successful trader.
Otherwise, there are lots of trader who were just doing trading without having any proper knowledge about trading. And at the end of the day were those trader who were was just booking losses in there portfolio. So it is obvious to learn first and have knowledge then start trading.
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Basically as humans we sometimes think that our knowledge is already at a very good stage so that we can start doing something, including trading.
But actually we are not really at the stage where we are ready to start trading. But that is not a problem as long as we can fix it over time, because some people say starting to try is something that can be done because with that we can gain experience.
Like many member comments that I read in this forum, trading takes a long time to be able to be skilled in making analysis and also developing the right strategy. As newbies we should be able to learn and study analysis and understand the character of the crypto market, so we can start learning to trade in order to train our skills. because becoming a professional is not easy and takes a long time.
That is something true and even someone who can be said to be a professional still experiences losses, especially if they are beginners. Of course it will take a longer time to be able to understand everything.
If we use an analogy as a glass, we must be like a glass that is always empty so that we never get tired of looking for water so that we can be filled with water (knowledge), because if we don't, then maybe we will become someone who feels the greatest and right.
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Having a proper risk management is for sure a big help to anyone who wants to be a trader in the field of Crypto or Forex. Because if you don't know or learn this, I think you will still be lacking as a trader. Then you should also know the characteristics of a responsible trader.
It's not enough to just have knowledge or deep ideas about trading, you should know the real cycle or movement when you are actually in the actual
momentum of crypto trading.
I totally agree with you,having an idea is cool,but you still needs to experience in other areas,trading needs ab idea with a better trading experience.
- Knowledge and idea without experience is still useless in my opinion and there is a lot of evidence for that. Because I have also witnessed many people who have experience know more than those who know in terms of theory. And this has been proven and tested over the years.
After all, only those who have experience are those who have completed a degree course compared to well-experienced people, even those who are under-graduates of a college course.
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Actually, trading is one of the best earning process in cryptocurrency market. Because we know that many professional traders could be earn best profit from cryptocurrency market. So if we want to a successful traders, we must be understand in cryptocurrency market and trading system. Because if we can not acquire knowledge from cryptocurrency market or trading system, then earn best profit from cryptocurrency and trading will be very hard for us. So I believe that acquire knowledge in cryptocurrency market and trading is very important issues for earn best profit.
for we to understand cryptotrading we need to have that experince or knowledge,without the experience or knowledge you can loose everything in a minutes,you have to take your time atleast study and research before investing your money.
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As what I understand, trading is a never-ending cycle of learning...aside from technical matters you will also learn a lot from your mistakes especially when you made a loss and then you also learn from the strategies as well as mistakes of other traders. Now, actually you don't have to be a genius to start trading as long as you really have the passion, time and some capital that you can use in this industry. Trading is open to anyone but of course trading is not for all people as this is not as easy as walking in the park and yes there are many opportunities for wealth generation here as well as many possible risks involved. So one has to be careful while looking forward to soon experience financial freedom gained from working anywhere and anytime you wanted to.
yea i agree with you,in trading it is very useful to carry out regular reviews of past trades and observe if something different has taken place.
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Having a proper risk management is for sure a big help to anyone who wants to be a trader in the field of Crypto or Forex. Because if you don't know or learn this, I think you will still be lacking as a trader. Then you should also know the characteristics of a responsible trader.
It's not enough to just have knowledge or deep ideas about trading, you should know the real cycle or movement when you are actually in the actual
momentum of crypto trading.
having a proper risk management is very important when the knowledge is there,you need to be guided about the characteristics and basics of trading.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
Anyone can trade but not everyone can make profit. If you want to make money from trading, you must equipped yourself with Trading knowledge, the basic to the top of your game otherwise you will lose everything, I mean literally everything that you used in trading if you are not careful, it looks so easy when you look at it but complex when you spend time in it.
The illusion of bull run makes people want to believe that trading is not hard because you can make profit easily but that's not how it work, bull run is just one season of the market, there are other phase that are not full of roses.
yeah, everyone can involve in trading but not all can make a profit why because they are not equipped,when you don't have that proper knowledge you loose everything in a seconds,they don't perfect trading in a month is a continous research.
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Actually, trading is one of the best earning process in cryptocurrency market. Because we know that many professional traders could be earn best profit from cryptocurrency market. So if we want to a successful traders, we must be understand in cryptocurrency market and trading system. Because if we can not acquire knowledge from cryptocurrency market or trading system, then earn best profit from cryptocurrency and trading will be very hard for us. So I believe that acquire knowledge in cryptocurrency market and trading is very important issues for earn best profit.
cryptotrading is a platform where people earn a better profit yes but if you lack the knowledge of evaluating the trading market then you loose instead of earning,so in conclusion trading without knowledge is a waste effort.
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You need to work on your content construction. Also you need to learn about the risk management in trading before giving anyone advice. The topic is too basic and also not well explained.
you must know the broker to trade with
This is not forex or those traditional markets that require brokers. Crypto traders make use of crypto exchanges. Although, some brokers may list bitcoin and few other cryptocurrencies.
Trading crypto on the brokerage platforms like trading FX, stocks, commodities etc, is not suitable with crypto trading because crypto has it own model by the use of CEX and DEX exchanges. I have tried some of this brokers, it quite unfortunate that this brokers has no spot trading options, you only have margi and future options.
Again, the leverages options is fully controlled by the brokers systems, they determined how much leverages you take for a trade, unlike the crypto exchanges, traders decides the amount of leverages for a trade.
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With comments I've read from users on OP's topic, it is clear that trading is highly based on knowledge, understanding what drives the market and why the market trend in a particular direction. (A combination of both fundamental and technical analysis).
Another part in the aspect of trading is the psychology effect, this also is an area traders has to look into especially as a beginner to avoid negative impact on the body system in general. Most people without getting proper knowledge in trading will just put in some funds and start trading blindly, just hoping that they'll turn a billionaire overnight and unfortunately for them, the market breaks their position and boom... They're being liquidate...
The next thing you'll observe from them, whatever money they lay their hands on, they want to use it to trade and because of anxiety and improper analysis, they keep loosing and loosing and loosing until they loose all they've ever had to the market...
And this place a very huge negative impact on their psychological health, and with most people, u'll see them start calculating how their status was when they were not yet trading, and how much they've lost when trading and also how they are as they've lost all in trading and this possibly causes one to think of commiting suicide..
It's a very great advice that you learn, grab the essential knowledge on how to trade before you start putting funds and also TRADE AS MUCH AS YOU CAN AFFORD TO LOOSE
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cryptotrading is a platform where people earn a better profit yes but if you lack the knowledge of evaluating the trading market then you loose instead of earning,so in conclusion trading without knowledge is a waste effort.
Trading should be done just with the starter knowledge, at least, to start gaining expertise and trying out things that are only known in theory by a person.
There is no practice without theory and no expertise without practice.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
- That's why most community members here on the forum always remind newbies to study or learn about trading first, and start with the basics first.
Because trading is like schooling that doesn't need to be rushed.
You have to go through elementary, high school and college to become a degree holder, same goes for trading, there is almost no difference in which is it is forbidden to not know anything about trading.
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yeah, everyone can involve in trading but not all can make a profit why because they are not equipped,when you don't have that proper knowledge you loose everything in a seconds,they don't perfect trading in a month is a continous research.
This is very true, in fact when we operate we have to consider many things, not knowing makes us guess as if we were in a casino, playing by luck or because we feel like it, what I recommend is reading books, and if it is about market speculation it is much better because that is the only way they Comment on their experiences and that helps under the technical foundations that they applied for that moment , so that applies now, and by reading books you have solid foundations, enough to say that courses , videos, among other things are good, lies or bad.
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Yes, trading is not just a fun outing to make easy money, it is a long journey of learning, patience, mistakes and learning until you gain the knowledge and experience that qualifies you to be a good trader.
The first step in trading is learning, many people make mistakes and start trading immediately without knowledge because they think trading is easy, it is just buying at a low price and selling at a higher price, when they start receiving successive losses they realize their mistake and realize that trading is much deeper and broader than that.
agree,trading is a long journey of learning,patience and so on,before thinking of starting tradong you must first have that basics(knowledge),trading is everyday learning and acquiring new experience,in conclusion you need acquire knowledge before taking decissions.
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agree,trading is a long journey of learning,patience and so on,before thinking of starting tradong you must first have that basics(knowledge),trading is everyday learning and acquiring new experience,in conclusion you need acquire knowledge before taking decissions.
Trading is about making mistakes, adapting on them, and succeeding in the end.
If you don't want to experience such things - then a person should learn how to invest properly.
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agree,trading is a long journey of learning,patience and so on,before thinking of starting tradong you must first have that basics(knowledge),trading is everyday learning and acquiring new experience,in conclusion you need acquire knowledge before taking decissions.
Yeah you do have a point, trading actually requires a lot of things for you to become successful and the fact is as a trader or a newbie trader rather, it's best you focus on honing your strategy and making sure that you gain the right experience and information. There's a lot of misleading information out there about many topics and trading too is one of them also.
Aside from having a good capital too, one major thing Is experience also. It takes more than knowing a particular analysis to having multiple successful trades. Experience over time makes you more familiar with the market and it's dynamics.
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This is very true, in fact when we operate we have to consider many things, not knowing makes us guess as if we were in a casino, playing by luck or because we feel like it, what I recommend is reading books, and if it is about market speculation it is much better because that is the only way they Comment on their experiences and that helps under the technical foundations that they applied for that moment , so that applies now, and by reading books you have solid foundations, enough to say that courses , videos, among other things are good, lies or bad.
In trading, playing luck is really similar to gambling. And even in gambling, there is also an analysis for skill-based games. It's just that in trading, especially playing with high leverage, in Future trading, without preparation and maturity of knowledge, ah that's really betting like gambling.
And for anyone who wants to undergo and learn about crypto trading, it's actually not a problem. It's just that you really have to prepare thoroughly, in terms of emotional control, knowledge, insight, the ability to analyze both TA and FA, risk management, and others, so that we don't do it blindly and based on luck alone.
And of course, to be honest, this won't be easy. In theory, this can be easily learned, but in practice, it's also not easy. It takes good discipline and consistency too.
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- That's why most community members here on the forum always remind newbies to study or learn about trading first, and start with the basics first.
Because trading is like schooling that doesn't need to be rushed.
You have to go through elementary, high school and college to become a degree holder, same goes for trading, there is almost no difference in which is it is forbidden to not know anything about trading.
Exactly, it is like getting a new item, and you will need to read the manual to figure out how to use it. Trading can only be profitable for traders who understand how to trade. If you are not knowledgeable about trading, you may not have a successful trading history.
People trade for one reason: to make money. When a trader has a poor trading history, it indicates that he lacks knowledge of the fundamentals of trading and thus may not be profiting from his trades, and trading is such that understanding the fundamentals will result in profit.
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agree,trading is a long journey of learning,patience and so on,before thinking of starting tradong you must first have that basics(knowledge),trading is everyday learning and acquiring new experience,in conclusion you need acquire knowledge before taking decissions.
Yeah you do have a point, trading actually requires a lot of things for you to become successful and the fact is as a trader or a newbie trader rather, it's best you focus on honing your strategy and making sure that you gain the right experience and information. There's a lot of misleading information out there about many topics and trading too is one of them also.
Aside from having a good capital too, one major thing Is experience also. It takes more than knowing a particular analysis to having multiple successful trades. Experience over time makes you more familiar with the market and it's dynamics.
We must be able to sort out which information is true and which is not so as not to get lost. For a trader must seek knowledge and always hone skills in trading. I agree with this opinion. We must always learn.
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agree,trading is a long journey of learning,patience and so on,before thinking of starting tradong you must first have that basics(knowledge),trading is everyday learning and acquiring new experience,in conclusion you need acquire knowledge before taking decissions.
Yeah you do have a point, trading actually requires a lot of things for you to become successful and the fact is as a trader or a newbie trader rather, it's best you focus on honing your strategy and making sure that you gain the right experience and information. There's a lot of misleading information out there about many topics and trading too is one of them also.
Aside from having a good capital too, one major thing Is experience also. It takes more than knowing a particular analysis to having multiple successful trades. Experience over time makes you more familiar with the market and it's dynamics.
Before starting to trade, it's essential to consider several factors. Acquiring knowledge is important, but it's equally important to find transformative information that can reform your trading approach. Because There's a difference between information and reformation. Information is knowledge that you've acquired, but haven't necessarily applied. Reformation, on the other hand, involves applying the knowledge you've gained to change your approach for the better.
In trading, reformation is vital. It's not enough to simply acquire knowledge; you must also understand how to manage risk, avoid greed and selfishness, and apply the advice of experienced traders. By reforming your approach and following sound advice, you'll be better equipped to become a successful trader.
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And of course, to be honest, this won't be easy. In theory, this can be easily learned, but in practice, it's also not easy. It takes good discipline and consistency too.
Yes, that is a fact, for me things with trading start from the most fundamental thing, which is only risk the money that I can afford to lose, that is a fact, however things can be as the trader puts them in his way of seeing them, I could say that trading is a learning all the time, you have to see many things, the theory, the practice, the way of operating, but above all you have to see that money is the most important thing in this case of trading, trading can decapitalize us, that is why you have to take it with patience, with calm with each well-planned move.
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cryptotrading is a platform where people earn a better profit yes but if you lack the knowledge of evaluating the trading market then you loose instead of earning,so in conclusion trading without knowledge is a waste effort.
Trading should be done just with the starter knowledge, at least, to start gaining expertise and trying out things that are only known in theory by a person.
There is no practice without theory and no expertise without practice.
Before someone should even think of starting trading, it is very essential to acquire comprehensive knowledge, because trading involves various risks, and it is essential for individuals to be aware of them, understand them and also how to manage them. Trading is unpredictable and it is not a get rich quick thing, it requires careful consideration, education, patient, hard work, preparation and understanding for you to get some experiences and practicalize them, and you will become an expert if you keep testing your skills and experience, as a saying goes "practice make perfect".
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
The question is, what is the basic foundation that someone who is just starting out in crypto trading should know? This is where problems often arise, right? But even so, it is said that a simple thing does not need to be complicated to understand it.
So the best way here is to start with a small capital, and while doing actual trading activity, learn the dos and don'ts. This is just what other traders in this field
do most of the time.
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cryptotrading is a platform where people earn a better profit yes but if you lack the knowledge of evaluating the trading market then you loose instead of earning,so in conclusion trading without knowledge is a waste effort.
Trading should be done just with the starter knowledge, at least, to start gaining expertise and trying out things that are only known in theory by a person.
There is no practice without theory and no expertise without practice.
Before someone should even think of starting trading, it is very essential to acquire comprehensive knowledge, because trading involves various risks, and it is essential for individuals to be aware of them, understand them and also how to manage them. Trading is unpredictable and it is not a get rich quick thing, it requires careful consideration, education, patient, hard work, preparation and understanding for you to get some experiences and practicalize them, and you will become an expert if you keep testing your skills and experience, as a saying goes "practice make perfect".
Do your research and this is indeed the basic stuff on which its not really that recommended that you would really be diving directly without even knowing on what you are really that dealing on with? You will really be just that basically losing tons of money if you will really be that not making yourself being prepared into the things that you are dealing on with. You cant really just that make yourself that rushing up because trading skills isnt something that you can learn in as short time and it does really need up that sufficient time and effort before you can be able to have a g ood grasps into it. Just dont rush up yourself on learning up things because if you do find yourself that being desperate or pushy then this is really that bound into tons of mistakes.
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It is always easy to say that be knowledgeable and have understanding in trading so that you won't. But take this, even the best and the brightest and the most knowledgeable in trading still expect some losses. And if they are expecting to have some losses, then it's also good for someone who has an idea that trading should be for those who are real risk takers and not only those that want to trade for profits because they've heard it somewhere.
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It is always easy to say that be knowledgeable and have understanding in trading so that you won't. But take this, even the best and the brightest and the most knowledgeable in trading still expect some losses. And if they are expecting to have some losses, then it's also good for someone who has an idea that trading should be for those who are real risk takers and not only those that want to trade for profits because they've heard it somewhere.
But it cannot be said as risk taking if all is done without knowledge, it is closer to gambling. Because all risk taking must be based on clear reasons, and in this case knowledge is the more reasonable thing, then maybe there is experience and others.
In trading no one can avoid losses, no matter how good, no matter how smart someone is, they still feel losses. it's just that what's different is how they can minimize it with all the management applied when trading.
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So the best way here is to start with a small capital, and while doing actual trading activity, learn the dos and don'ts. This is just what other traders in this field
do most of the time.
For me, the best thing is to trade with a small balance, never with a large balance and betting a lot, apart from the fact that getting enough balance is difficult and easy to lose, it is much better to start with little so that things are better.
The fact of starting with little money in trading means that it requires that each trade has to be won, a lot of assertiveness is needed, it is better this way so that it is seen that the value of things is strong and you have to work hard.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
- Knowledge is important in trading, you can't just gamble without knowing anything about trading, because this can be considered our own business and
passive income in the near future.
And everyone should also know where they should enter properly when entering and exiting an asset that we will buy, so we need to be researching or Dyor as other communities have always called it for a long time.
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For me, the best thing is to trade with a small balance, never with a large balance and betting a lot, apart from the fact that getting enough balance is difficult and easy to lose, it is much better to start with little so that things are better.
if you are just starting to trade yes it is best if you do not put all of your money because you surely are going to make mistakes no matter how much preparation you make it is unavoidable to make mistakes because the real live market is so different from all the other practice ones
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For me, the best thing is to trade with a small balance, never with a large balance and betting a lot, apart from the fact that getting enough balance is difficult and easy to lose, it is much better to start with little so that things are better.
if you are just starting to trade yes it is best if you do not put all of your money because you surely are going to make mistakes no matter how much preparation you make it is unavoidable to make mistakes because the real live market is so different from all the other practice ones
If you are just learning trading, it is better to use a small capital, if you have started to understand trading and can make the right analysis, we can increase our capital.
In trading, you need knowledge and experience and of course this requires practice that we should do repeatedly so that we can be skilled.
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if you are just starting to trade yes it is best if you do not put all of your money because you surely are going to make mistakes no matter how much preparation you make it is unavoidable to make mistakes because the real live market is so different from all the other practice ones
I have always said something, money is earned by Knowing , what I Know is what makes me earn money, there is no other way, so when we do things like this , we go and have an order and a ready and assigned direction, it is a thousand times to think before Accepting the Tradition of Doing and letting yourself be carried away by feelings, impulses, by what some say about: "I think this will happen..."
If we read, we have many things that we learn, we will have more Bases to operate, to be more secure and think with more bases, that is the advantage.
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If you are just learning trading, it is better to use a small capital, if you have started to understand trading and can make the right analysis, we can increase our capital.
In trading, you need knowledge and experience and of course this requires practice that we should do repeatedly so that we can be skilled.
For beginners, do not bring a large amount of money, because if we experience a loss, it will make our mentality collapse. Because in trading, not only knowledge about the market is very important, but mentality must also be considered.
Maybe this has nothing to do directly with the market, but it is related to our psychology, where if we are not calm then it makes trading messy.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
this is very true, before entering the market we must learn first. There are many theories in cryptocurrency trading that must be learned, but in my opinion we also need to learn directly in the market. So we need to trade, so that we have direct experience. while trading, we continue to learn.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
- That is really what every trader who enters the trading business in the crypto industry that we are in should do. No one who knows nothing about trading is allowed, this is the truth that everyone who enters this field of the crypto space should know.
I also believe that Knowledge is power, in which means that without knowledge there is no power for sure, or we will not get any profit from trading for sure in the end.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
- That is really what every trader who enters the trading business in the crypto industry that we are in should do. No one who knows nothing about trading is allowed, this is the truth that everyone who enters this field of the crypto space should know.
I also believe that Knowledge is power, in which means that without knowledge there is no power for sure, or we will not get any profit from trading for sure in the end.
Knowledge is indeed power, because if you do let yourself dealing up with something without proper knowledge and awareness of the things you do get involved then you are just indeed doing gambling.How much more if you are dealing up with a volatile space on which involves buying and selling assets? You would really be needing up to be knowledgeable to deal up with this volatile space. You cant really be just that making yourself that being careless or wont be having any plans on trying out to deal up with something because that would really be causing up that loses of money and since we dont really like on losing money then its a normal approach that you will really be making out some adjustments at the time that you will really be facing up some loses.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
- That is really what every trader who enters the trading business in the crypto industry that we are in should do. No one who knows nothing about trading is allowed, this is the truth that everyone who enters this field of the crypto space should know.
I also believe that Knowledge is power, in which means that without knowledge there is no power for sure, or we will not get any profit from trading for sure in the end.
Knowledge is indeed power, because if you do let yourself dealing up with something without proper knowledge and awareness of the things you do get involved then you are just indeed doing gambling.How much more if you are dealing up with a volatile space on which involves buying and selling assets? You would really be needing up to be knowledgeable to deal up with this volatile space. You cant really be just that making yourself that being careless or wont be having any plans on trying out to deal up with something because that would really be causing up that loses of money and since we dont really like on losing money then its a normal approach that you will really be making out some adjustments at the time that you will really be facing up some loses.
I agree with you who said that knowledge is power and this is the main thing and we must have it as investors. Moreover, in trading we really need knowledge because we have to make analysis and strategies that are close to accurate, and the ever-changing crypto market makes us have to be ready for all those changes.
We must have knowledge about crypto and all the things that make us understand crypto and all its risks.
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Trading have a wide knowledge,you must learn the basic foundation as a beginner,trading is not a platform you rush into,according to traders they say knowledge is power,you must know the broker to trade with,and also trading brings out patience in you,and remember you must start small and know your limits of trading.
- That is really what every trader who enters the trading business in the crypto industry that we are in should do. No one who knows nothing about trading is allowed, this is the truth that everyone who enters this field of the crypto space should know.
I also believe that Knowledge is power, in which means that without knowledge there is no power for sure, or we will not get any profit from trading for sure in the end.
Knowledge is indeed power, because if you do let yourself dealing up with something without proper knowledge and awareness of the things you do get involved then you are just indeed doing gambling.How much more if you are dealing up with a volatile space on which involves buying and selling assets? You would really be needing up to be knowledgeable to deal up with this volatile space. You cant really be just that making yourself that being careless or wont be having any plans on trying out to deal up with something because that would really be causing up that loses of money and since we dont really like on losing money then its a normal approach that you will really be making out some adjustments at the time that you will really be facing up some loses.
I agree with you who said that knowledge is power and this is the main thing and we must have it as investors. Moreover, in trading we really need knowledge because we have to make analysis and strategies that are close to accurate, and the ever-changing crypto market makes us have to be ready for all those changes.
We must have knowledge about crypto and all the things that make us understand crypto and all its risks.
Everything in the world requires knowledge to learn how to do something, especially in trading. If you don't have knowledge about it, don't try it because it will definitely waste your money. Even small knowledge in trading that you don't know can be the reason for your money to be depleted. An example of that is the Isolated and Cross-margin mode, if you don't know that, it can ruin your port.
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Everything in the world requires knowledge to learn how to do something, especially in trading. If you don't have knowledge about it, don't try it because it will definitely waste your money. Even small knowledge in trading that you don't know can be the reason for your money to be depleted. An example of that is the Isolated and Cross-margin mode, if you don't know that, it can ruin your port.
I agree with what you said, in this world knowledge is needed. In investing in crypto and trading knowledge is very much needed because with knowledge we can get profit. Because everything must be based on the analysis and knowledge that we have. So that we do not experience losses in trading.
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Everything in the world requires knowledge to learn how to do something, especially in trading. If you don't have knowledge about it, don't try it because it will definitely waste your money. Even small knowledge in trading that you don't know can be the reason for your money to be depleted. An example of that is the Isolated and Cross-margin mode, if you don't know that, it can ruin your port.
I agree with what you said, in this world knowledge is needed. In investing in crypto and trading knowledge is very much needed because with knowledge we can get profit. Because everything must be based on the analysis and knowledge that we have. So that we do not experience losses in trading.
Yeah, true. Just imagine even in your place, who makes the most money those who have knowledge or those who are not? Of course, those who have. In a specific aspect of life, let us say someone is hiring for a driver, do you think you will be hired if you don't know how to drive? Same with trading, it's hard to become profitable if you don't have enough knowledge in trading, it's a must if you want to become profitable.
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this is very true, before entering the market we must learn first. There are many theories in cryptocurrency trading that must be learned, but in my opinion we also need to learn directly in the market. So we need to trade, so that we have direct experience. while trading, we continue to learn.
The exchanges have made it easy for everyone to learn about trading this days, you can do what you want in a demo trade of exchanges, you can test everything you learn in YouTube and from pdf through the platform but people don't want to do that, they want to make money from something they don't understand and that's why they keep losing money.
I have not been active in trading but my pnl in the last 30 days has made me something good, I'm positive with all I have done and that was through the knowledge I have learned from years back. If you don't learn, you will use years to make loss.
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this is very true, before entering the market we must learn first. There are many theories in cryptocurrency trading that must be learned, but in my opinion we also need to learn directly in the market. So we need to trade, so that we have direct experience. while trading, we continue to learn.
The exchanges have made it easy for everyone to learn about trading this days, you can do what you want in a demo trade of exchanges, you can test everything you learn in YouTube and from pdf through the platform but people don't want to do that, they want to make money from something they don't understand and that's why they keep losing money.
I have not been active in trading but my pnl in the last 30 days has made me something good, I'm positive with all I have done and that was through the knowledge I have learned from years back. If you don't learn, you will use years to make loss.
during the bullish season, we can trade or become a holder.
You are not active in trading but your profits are already quite good.
I am not very active in trading, but when the crypto market looks good, I am active there.
Everyone can do it either as a trader or a holder according to what they like in the crypto world
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this is very true, before entering the market we must learn first. There are many theories in cryptocurrency trading that must be learned, but in my opinion we also need to learn directly in the market. So we need to trade, so that we have direct experience. while trading, we continue to learn.
The exchanges have made it easy for everyone to learn about trading this days, you can do what you want in a demo trade of exchanges, you can test everything you learn in YouTube and from pdf through the platform but people don't want to do that, they want to make money from something they don't understand and that's why they keep losing money.
I have not been active in trading but my pnl in the last 30 days has made me something good, I'm positive with all I have done and that was through the knowledge I have learned from years back. If you don't learn, you will use years to make loss.
during the bullish season, we can trade or become a holder.
You are not active in trading but your profits are already quite good.
I am not very active in trading, but when the crypto market looks good, I am active there.
Everyone can do it either as a trader or a holder according to what they like in the crypto world
Indeed, it can be stated that the prepared market situation offers a great opportunity for everyone who wants to make money. Some of the people engage in the trading activities most probably to exploit the opportunities while some individuals are content just to have their funds immobilised for a long time. Each of the two methods has its own advantages depending with the goals that we have to achieve as well as how we employ our resources. Everything in the crypto world is always a personal decision, and the essential aspect is to be comfortable with the chosen steps. only with sufficient understanding and confidence in the strategy decided upon, we can start continuing the expansion of the successful market.