Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Flydove on April 14, 2025, 02:52:14 PM
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
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It is very important for traders to know that they can lose. Trading is highly risky like gambling although it is not gambling.
Also it is good to know more about technical analyses and indicators. But they are not very precise.
Trade with the amount of money that you can afford to lose.
Do not see trading as something good unless you are making money from it. But know that you are more likely to lose.
Trading is not something passion at all.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
keeping heads up with crypto feeds and news is a very positive aspect when one is into trading knowing a lot about crypto and staying updated about the news can give you positive feedback and likely so it can help from getting loss in market and help to protect your analysis. Checking most news about crypto and updates will really help a lot and will gives you more knowledge and support.
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A trader can follow all those channels and still loss enough amount of money. As a trader of cryptocurrency you must be smart to detect when the price is about to fall and about to rise and must be skillful to handle some technics. At least you must know 20 tools to navigate the market and also follow up your steps you have made mentioned.
If a trader only rely on the channels you said and follow them, though it is good to follow but he lose well.
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If a trader only rely on the channels you said and follow them, though it is good to follow but he lose well.
Did you know what is bad if a trader is making use of only news? The person will see that he has been late to trade. The news do pick things late. Although there are some live and local news that are important. That is what that should be followed instead. Also good to follow the necessary X accounts of some people and read what they post as fast as possible.
Not only news but following recent updates can help some traders if they are not actively trading. But for an active trading, only news can not do it
Worth knowing that 85% or more of traders are losing.
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Of course any one who is involving themselves into trading the should be aware that they must always keep a close eyes into those crypto-news communities and channels so that wouldn't have much loses while trading and everyone also wanting to win for long run while trading. All these you outline are also a factor that attributes to successful trading if carefully followed up and to be getting updates while trading.
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Yes, analysing the market is part of fundamental analysis and it is very important for a trader. But even if you keep updated about all the news still there is no assurance that the market movements will be as expected that is what the crypto or the investment market is all about, keep yourselves updated increases your chance of making profits though.
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It is a normal thing for every investor to have in mind that losses are inevitable, in every forms of investment, what is more important is how to minimize the losses, with better profit returns. In every forms of business/investments, losses cannot be taken of the map, rather, developing a means of reducing the loss becomes a better chase.
Staying updated with news related to crypto industry and even the economy of countries round the world that has impact in this community always have stand when it comes to trading.
As a beginner, having basic knowledge of the market movements and candle trading patters, tools related to trading and good trading platforms that are trustworthy are basic things to know. News are important, but for beginners, might be a little far for the start.
So, I will agree on the fact that news in a vital tool for good traders, but for complete newbies, it's not to be compared with knowing how the basics works.
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There are two types of trading analysis for me. The first one is fundamental analysis and the other one is technical analysis. I think that OP's post is belong to fundamental analysis. When you analyze the market by using news that are related or affect to the market's prices is called fundamentals. And while technical analysis is analyzing solely at the chart. All the stuff that a trader do in the chart to analyze the market is technical. Many traders think that fundamentals is not so important but for me it's very important to make a better analysis.
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I agree that you really need to know those things and could take advantage if you are consistent with them. Personally, I believe this strategy that we could do is to make sure that you are implementing your risk management and not overtrading. That is mostly a problem because you always want to trade, even if you are overpositioning. This is especially true with futures trading.
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I agree, but the problem lies in verifying the quality of the news. Unfortunately, there is no independent journalism related to cryptocurrencies, and more than 80% of the content is duplicate, such that even the simplest fake news can be spread without verifying the source. Therefore, the problem lies in tracking the news and determining whether it is real, rumor or a FUD.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
I do agree with all the things you’ve mentioned above but to an extent, they also have their own limitations. Those websites and news channels will mostly serve you well when it comes to the fundamental analysis aspect of the market when looking to take a trade on a crypto pair. They don’t help beyond that and your technical analysis will cover up for the times there are no basic news to make any changes to the direction of the market. These channels cannot not give you the best insight into the market 100%, so you should only apply them when they matter to your analysis but after that, they don’t really needs to be considered before taking all trades in the market.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
- These are okay, op, there are just a lot of things to consider besides the ones you mentioned. Number 1 in trading is that you should know which category of trader you belong to, second, study trading with all your heart, with passion, willingness and determination. You can't do without these.
What you mentioned, op, I think is just like an additional decoration in a house, this is just my assessment, because what is really important in trading is proper risk management and other things besides this.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
TA + FA, you do need up to be versatile within this market on which we know that TA's arent that 100% precise on which simply means that you do need up to make up some switches on things on which you do seem that will be effective for you. Dealing up with an unpredictable market or space is something that you do need up to consider or to look for opportunities and those moments that you do need up to adjust if you do saw that it will be putting you at disadvantage. Market could move out without any news or sentiments around and this is why you should be that careful and even if you do know about those fundamentals, it doesnt mean that it will be making out such significant impact towards the market. So a combine of both things will be necessary.
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I do agree with all the things you’ve mentioned above but to an extent, they also have their own limitations. Those websites and news channels will mostly serve you well when it comes to the fundamental analysis aspect of the market when looking to take a trade on a crypto pair.
When it comes to altcoin trading, access to accurate news before it breaks is crucial, as technical indicators don't work due to the small size of the market and the potential for a million dollars to significantly change the direction of trading in some tokens.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount.
if you are planning to trade, you should not only be uldated in events in crypto spaces but also in different places because you never know what could possibly affect the market
like economic conditions, political advancements, or geographical trends it’s good to be on top of these things so that you are the first one to know about it and possibly make your move before everyone else catches up
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Partially, yes. I mean keeping up with news about coins and the market in general is very important for keeping up with the latest developments in projects, coins, and market updates that may impact price action.
But that's not all. Being up-to-date on the latest market updates isn't enough to be a successful trader. You must first learn and gain experience in trading. You must learn the basics of trading and the important strategies you must follow to adapt to market conditions. All of these things give you the experience you need to make the right decisions.
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I do agree with all the things you’ve mentioned above but to an extent, they also have their own limitations. Those websites and news channels will mostly serve you well when it comes to the fundamental analysis aspect of the market when looking to take a trade on a crypto pair.
When it comes to altcoin trading, access to accurate news before it breaks is crucial, as technical indicators don't work due to the small size of the market and the potential for a million dollars to significantly change the direction of trading in some tokens.
Exactly and this could be the reason why trading altcoins are very risky and should be limited often times. When a token is just base on news flow only without having much reliance on technical indicators which many traders depend on also for a long time trading success, they become more of a gamble than actually trading as we see it.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
Actually, the things you have mentioned on your topic those are common things but really much important when a person want to do trading. So I must have to agree with you.
We have to remember always trading is always not profitable, even we saw the Professional trader they are also face losses but that things there is difference between a professional trader with a beginner trader who don't know the analysis knowledge just started trading because of his intend is professional trader who recovered their losses by their skills but the beginner trade like this won't gonna recover more likely, if he continue like that way he will increase his loss amount more and more.
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Everyone knows themselves better than anyone else does. Anyone who wants to start trading should know the level of risks they can handle. Not everyone is cool with losing money, and not many can handle anxiety very well. On this note, I think those who cannot handle risks should help themselves by avoiding trading, to prevent getting some health challenges from losses they cannot take.
Many people who failed in trading didn't fail because they didn't learn enough or didn't follow updates regularly. It's because they have a very low risk tolerance, which pushes them to make impulsive or rash decisions that may not be good for them as traders. Along the line, they quit trading and tag it with all sorts of negative names. Like I always advise people, do what you can handle and don't just do it blindly because of the financial rewards attached to it.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
Well, you are definitely right, for even in the days of trading forex, staying updated with news of what is happening in the financial market is one of the ways to stay ahead and trade profitablebly.
So coming back to cryptocurrency trading, I believe that as much as cryptocurrencies are way volatile then fiat currencies, what is happening that the crypto media is reporting still have a good influence on the over all movement of the market, whether it is going up or going down, so this is definitely some thing that is worth paying good attention to.
And in respect to this as well, traders shouldn't just depend on following news media like the ones you mentioned here, it is also very important for a trader to follow the official online news channels of some this projects, as doing this will sometimes help them gain first hand information that even the news media are yet to start reporting.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
- In the first place, there is nothing wrong or wrong with making trading your passion in the cryptocurrency business industry, we must be ready and know what we can face here. Because as traders we must really know and be ready to face the risk that is here.
Because trading is really very high risk, it is not easy to make trading a source of income like others think, which is their wrong understanding. This requires dedication, determination and passion. These three are just okay and enough for me.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
It is very important to know technical analysis for trading and along with that it is very important to keep up with regular news updates from different news platforms because different news at different times has a big impact on the crypto market. So gambling on trading without understanding about trading is never admirable. Trading is a very difficult thing but everyone thinks it is very easy. And thinking trading is easy, they use trading like gambling. They can never become traders because trading is not something to be neglected.
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- In the first place, there is nothing wrong or wrong with making trading your passion in the cryptocurrency business industry, we must be ready and know what we can face here. Because as traders we must really know and be ready to face the risk that is here.
Traders especially newbies thinks that trading is a get rich scheme without paying close attention to the fact that trading has high risk and involves serious mental and emotional alertness and even contact learning. It is when a trader have this awareness that his trade can be calm and progressive.
Because trading is really very high risk, it is not easy to make trading a source of income like others think, which is their wrong understanding. This requires dedication, determination and passion. These three are just okay and enough for me.
Knowing that the market is volatile, a trader must be ready for the ups and downs because the market is not only about the bIG wins but the losses too and as you mentioned dedication, determination and passion are the core values that can help the trader sail through the challenges in trading.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
It is very important to know technical analysis for trading and along with that it is very important to keep up with regular news updates from different news platforms because different news at different times has a big impact on the crypto market. So gambling on trading without
understanding about trading is never admirable. Trading is a very difficult thing but everyone thinks it is very easy. And thinking trading is easy, they use trading like gambling. They can never become traders because trading is not something to be neglected.
In trading requires knowledge and experience and it takes a long time to be able to learn and practice to be able to have expertise. Trading is not an easy thing, because for those who have studied for a long time can become experts. I also do trading and am still learning, because I am not an expert in trading, sometimes I also experience losses due to wrong strategies.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
It is very important to know technical analysis for trading and along with that it is very important to keep up with regular news updates from different news platforms because different news at different times has a big impact on the crypto market. So gambling on trading without
understanding about trading is never admirable. Trading is a very difficult thing but everyone thinks it is very easy. And thinking trading is easy, they use trading like gambling. They can never become traders because trading is not something to be neglected.
In trading requires knowledge and experience and it takes a long time to be able to learn and practice to be able to have expertise. Trading is not an easy thing, because for those who have studied for a long time can become experts. I also do trading and am still learning, because I am not an expert in trading, sometimes I also experience losses due to wrong strategies.
Yes, you're right, that's what really shouldn't be lost. It's said that a student can't graduate without studying the required subjects and not learning from what they've studied, that's the main reason for that. And what's learned from studying should also be exercised and executed correctly.
The problem is that for others, they just studied but didn't exercise or execute correctly when it came to actual trade on exchanges depending
on the crypto assets we'll buy.
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you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
No.... news always comes late and even whales have already made their decisions before the news is uploaded on the internet... market reactions are faster than news, even if you realize that the market will pump early about one to five minutes before good news about cryptocurrencies is released... that means, making decisions based on news on cointelegraph, coindesk or your favorite crypto news portal, tends to be too late....
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No.... news always comes late and even whales have already made their decisions before the news is uploaded on the internet... market reactions are faster than news, even if you realize that the market will pump early about one to five minutes before good news about cryptocurrencies is released... that means, making decisions based on news on cointelegraph, coindesk or your favorite crypto news portal, tends to be too late....
That's also a good point, news is always comes after the main things done, and it was just make some manipulation even sometime maybe by whale it can be also a method for them make more money by manipulating the market.
But what I think about this even news always comes late but that really impact on market and so the trader who were with advance skill those maybe could took some extra profit by taking some trade by the news?
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you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
No.... news always comes late and even whales have already made their decisions before the news is uploaded on the internet... market reactions are faster than news, even if you realize that the market will pump early about one to five minutes before good news about cryptocurrencies is released... that means, making decisions based on news on cointelegraph, coindesk or your favorite crypto news portal, tends to be too late....
I can still agree with this, at least this can be one of our considerations to determine the steps after getting the latest news, yes even though the market is faster than the existing news.
But of course this is not the only thing we can hold on to, because in trading there are many factors that will influence. The news that comes is only one of them that can affect the market.
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Fundamental analysis, is a trading strategy use to evaluate an assets values based on the economic, political and finance factors which could affect their values. However, fundamental analysis is not sufficient enough for a trader to trade adequately with good results.
Other additional methods include, technical analysis, a method that traders uses to study past assets data and trading volumes, and it normally goes with trends, patterns, charts, and indicators. The combination of both TA/FA will help traders maximize profits.
In addition, to be efficient on trading, it also requires experiences which consist of a continuous learning process that can bring a desirable profit overtimes.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
It comes summarized into a simple statement that says that if you must build a house, you must make sure that the foundation is strong enough, and if you must build a tall building, you must make sure that the foundation is deep enough. If you intend to go far in trading, you have to make sure not to overlook the basic concepts and tools that are necessary for success because becoming conversant with those basics and tools in trading improve your chances of being a successful and profitable trader.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
It comes summarized into a simple statement that says that if you must build a house, you must make sure that the foundation is strong enough, and if you must build a tall building, you must make sure that the foundation is deep enough. If you intend to go far in trading, you have to make sure not to overlook the basic concepts and tools that are necessary for success because becoming conversant with those basics and tools in trading improve your chances of being a successful and profitable trader.
It makes us often ignores the fact that success is not something extraordinary at the initial stage but it is something which is gradually nurtured consistently. Respect gradually flourishes from how one handles items that fundamentally influence great matters, albeit appearing to be mundane. A lot is not about acquisition of the refined and fancy concepts, what matters much more is the determined forging of the technical know how and the way in which the fine print of the abstract concepts are seized. We are not running after something that is exciting but we are trying to build a pattern that can support us to be stable when faced with such situations. Then it is noted that stability is not something that is invoked from the outside but rather something that is an intrinsic part of a person’s readiness right from the beginning.
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Crypto media is also very important issue in cryptocurrency world. Because we can know crypto currency news about crypto currency position from this media. We also know that coindesk, cointelegraph, and decrypts also the best profitable source in cryptocurrency world. Because when we follow in this media, we can understand clearly in cryptocurrency market position. But we shouldn’t only depend on it, we also understand in cryptocurrency market carefully. Because cryptocurrency knowledge and trading capacity must be helpful source for best crypto trading.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
I agree. Starting crypto trading on our own without any source of knowledge and overview of market we cannot survive it. Therefore either we are starting trading ot not we should learn how to read news from these sites and if we don't understand anything because of being newbie try to understand that part and then move on to the next one.
Knowledge is the greatest power and without any source we can't know what is happening in the market although the charts shared on these websites are not that useful because if a person wants to do technical analysis he should do it on his own by learning first but these sites should be our first choice when getting information.
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- If you are a beginner in the field of crypto trading, you should know that it is not a matter of chance or luck for you to get a profit. You should know and accept that you can face losses many times in the crypto space. Because no trader is perfect.
And of course, don't forget that you must have capital because you are a buyer and seller here, and it should also be important for everyone to study trading because this will help you how to get a strategy for getting a profit in trading.
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Yes, we who are here must have an eye on the market because analyzing the market is also an investment strategy and in my opinion, the most important strategy is analyzing the market because if you cannot analyze the market well, your predictions will never be correct and no matter how confident you are in investing, you will still be exposed to risk and you will lose money there.
We should keep an eye on all the news because if we don't keep an eye on when the market is moving in which direction then it will be very difficult for us to invest. Always keep yourself updated and keep an eye on what is happening in the market and invest with a long term view and try to make a profit.
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Yes, we who are here must have an eye on the market because analyzing the market is also an investment strategy and in my opinion, the most important strategy is analyzing the market because if you cannot analyze the market well, your predictions will never be correct and no matter how confident you are in investing, you will still be exposed to risk and you will lose money there.
We should keep an eye on all the news because if we don't keep an eye on when the market is moving in which direction then it will be very difficult for us to invest. Always keep yourself updated and keep an eye on what is happening in the market and invest with a long term view and try to make a profit.
I’d say keeping a close watch on the news won’t be enough, one should also make sure to keep sharpening their knowledge and skills. You know some new traders still find it difficult to understand the fundamentals.
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Yes, we who are here must have an eye on the market because analyzing the market is also an investment strategy and in my opinion, the most important strategy is analyzing the market because if you cannot analyze the market well, your predictions will never be correct and no matter how confident you are in investing, you will still be exposed to risk and you will lose money there.
We should keep an eye on all the news because if we don't keep an eye on when the market is moving in which direction then it will be very difficult for us to invest. Always keep yourself updated and keep an eye on what is happening in the market and invest with a long term view and try to make a profit.
Well said! Gathering information and thoroughly analyzing the market is the foundation of successful trading. A trader who lacks the ability to analyze market conditions will create a vacuum in his trading, resulting in more losses than gains. Even if a trader is confident in his trading abilities, without knowledge of market analysis, he will trade ignorantly and blindly.
Poor market analysis cannot produce profits, regardless of the amount of capital involved. In fact, the higher the capital, the greater the trader's risk of losing money. To be on the safe side, a trader must conduct thorough market analysis and study of market trends before trading.
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Trading is risky so you have to be prepared for everything.
About the news of course it is important because usually it will affect the market not forgetting the chart you do it can help your trading better, at least maybe a combination of your skills can be learned more or applied in trading.
It's just that this needs quite a long learning, not easy in a short time to master it.
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Trading is risky so you have to be prepared for everything.
getting into trading means being prepared for everything that could possibly happen as the market is incredibly volatile and unpredictable better to have multiple plans or the ability to adjust your strategy whichever is appropriate
About the news of course it is important because usually it will affect the market not forgetting the chart you do it can help your trading better, at least maybe a combination of your skills can be learned more or applied in trading.
It's just that this needs quite a long learning, not easy in a short time to master it.
there definitely is patience needed in trading otherwise you will end up making mistakes left and right
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- In the first place, there is nothing wrong or wrong with making trading your passion in the cryptocurrency business industry, we must be ready and know what we can face here. Because as traders we must really know and be ready to face the risk that is here.
Traders especially newbies thinks that trading is a get rich scheme without paying close attention to the fact that trading has high risk and involves serious mental and emotional alertness and even contact learning. It is when a trader have this awareness that his trade can be calm and progressive.
Because trading is really very high risk, it is not easy to make trading a source of income like others think, which is their wrong understanding. This requires dedication, determination and passion. These three are just okay and enough for me.
Knowing that the market is volatile, a trader must be ready for the ups and downs because the market is not only about the bIG wins but the losses too and as you mentioned dedication, determination and passion are the core values that can help the trader sail through the challenges in trading.
Besides dedication, determination and passion, the most important key factor on trading is patience and experience. As you may know, patience brings in experience, and the end is good returns.
Again, trading comes with profit/Loss, and despite all the factors that are necessary to trade effectively with good returns, there are no trades with without profit/loss, it is part of the trading risks that will occur at any time.
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Besides dedication, determination and passion, the most important key factor on trading is patience and experience. As you may know, patience brings in experience, and the end is good returns.
Again, trading comes with profit/Loss, and despite all the factors that are necessary to trade effectively with good returns, there are no trades with without profit/loss, it is part of the trading risks that will occur at any time.
I fully understand that there is no single trading that can occur without the possibility of a loss regardless of how keen one may be in analysing the market. However, they do not know that decision making process can influence personality of a trader. Indeed, it is not really a case of one’s seniority in the market but his knowledge concerning the choices he has made. Everyone has different abilities and thus some can learn from their mistaches very fast while the others would take awhile. You can have what you feel is the best method to use, but if you can not endure the stress each time the market turns against you the strategies may fold. Therefore, taking time, flying hours, and the discipline of bearing myself in a particular mental and open outlook in any challenge plays a large role.
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Crypto media is also very important issue in cryptocurrency world. Because we can know crypto currency news about crypto currency position from this media. We also know that coindesk, cointelegraph, and decrypts also the best profitable source in cryptocurrency world. Because when we follow in this media, we can understand clearly in cryptocurrency market position. But we shouldn’t only depend on it, we also understand in cryptocurrency market carefully. Because cryptocurrency knowledge and trading capacity must be helpful source for best crypto trading.
- I also agreed on this matter because this is also what gives us hints on whether we should enter to buy or exit to sell, and many communities are working to monitor these methods in reality. Because if we don't do this, we will really be left behind in reality.
And we should also look at the price of other currencies like Dxy and others once a week so we can know if there will be an up trend or downtrend in the coming days in the price of bitcoin because we know that most cryptocurrencies just follow the price movement of bitcoin.
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And we should also look at the price of other currencies like Dxy and others once a week so we can know if there will be an up trend or downtrend in the coming days in the price of bitcoin because we know that most cryptocurrencies just follow the price movement of bitcoin.
Cryptocurrencies will indeed follow the price of Bitcoin, If Bitcoin goes down then the altcoins will go down more, But even though Bitcoin is going up and also its dominance is going up, the altcoin will not even move because the liquidity mainstream will go to Bitcoin. You only need to wait for the price of Bitcoin to be high and stable then the altcoin will recover.
And looking at other currencies besides crypto as you said are also needed, the price of gold will also show how the current world economy is, because the state of the global economy also has a big influence on the crypto market as it is today.
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And we should also look at the price of other currencies like Dxy and others once a week so we can know if there will be an up trend or downtrend in the coming days in the price of bitcoin because we know that most cryptocurrencies just follow the price movement of bitcoin.
Cryptocurrencies will indeed follow the price of Bitcoin, If Bitcoin goes down then the altcoins will go down more, But even though Bitcoin is going up and also its dominance is going up, the altcoin will not even move because the liquidity mainstream will go to Bitcoin. You only need to wait for the price of Bitcoin to be high and stable then the altcoin will recover.
And looking at other currencies besides crypto as you said are also needed, the price of gold will also show how the current world economy is, because the state of the global economy also has a big influence on the crypto market as it is today.
Yes, indeed, Bitcoin is usually an alchemist of the general crypto market, and when it goes down, down go the altcoins with greater magnitude. In contrast, after the development of Bitcoin has reached a stable and a high value, subsequently, altcoins start to manifest signs of improvement. I completely agree with you, anvil that greater liquidity always seeks amnesty to Bitcoin during such incidences. However, it is also important to notice the global economy and the price of gold that you have mentioned. Thus, talking as a safe haven asset, the price of gold can give hint on things that could prevail in the market and in turn how that may impact the decision making of investing in the crypto market. This can be attributed to the fact that when the economy of the whole world is not stable, usually investors opt for safer options and this has the potential to alter the market for cryptocurrency.
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Trading is risky so you have to be prepared for everything.
About the news of course it is important because usually it will affect the market not forgetting the chart you do it can help your trading better, at least maybe a combination of your skills can be learned more or applied in trading.
It's just that this needs quite a long learning, not easy in a short time to master it.
On the time or moment that you do set your foot into this market then you should be prepared for whatever things that you do able to encounter specially if we do speak about volatility.
This isnt something that you can be able to know on whats ahead and if you arent that emotionally prepared then you do find yourself having that hardship on trying to handle yourself towards this unpredictable and volatile space. Its important that you do need up to consider out on what are those risks and the things that you do need up to do whenever you do able to experience or currently happening. When doing trades then you are facing up with volatility and if you dont really know on what you are doing then you are just that dimply doing gambling and thats why you should be changing up that kind of behavior.
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Yes, we who are here must have an eye on the market because analyzing the market is also an investment strategy and in my opinion, the most important strategy is analyzing the market because if you cannot analyze the market well, your predictions will never be correct and no matter how confident you are in investing, you will still be exposed to risk and you will lose money there.
We should keep an eye on all the news because if we don't keep an eye on when the market is moving in which direction then it will be very difficult for us to invest. Always keep yourself updated and keep an eye on what is happening in the market and invest with a long term view and try to make a profit.
Well said! Gathering information and thoroughly analyzing the market is the foundation of successful trading. A trader who lacks the ability to analyze market conditions will create a vacuum in his trading, resulting in more losses than gains. Even if a trader is confident in his trading abilities, without knowledge of market analysis, he will trade ignorantly and blindly.
Poor market analysis cannot produce profits, regardless of the amount of capital involved. In fact, the higher the capital, the greater the trader's risk of losing money. To be on the safe side, a trader must conduct thorough market analysis and study of market trends before trading.
without knowledge then the so called trader will be referred to has a gambler. Trading without knowledge and abilities will result in potential losses that sometimes might get the traders capital blown away. You said “the more the traders capital the bigger the risk” But the risk can be reduced and be controlled when the trader apply risk management and better and minimal lot size when trading. The risk of the capital depends solely on the traders decision how he manage his or her account that decision is left for the trader to apply. One can have a huge capital and apply risk management and be moving the capital step by step and not rushing into things.
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Yes, we who are here must have an eye on the market because analyzing the market is also an investment strategy and in my opinion, the most important strategy is analyzing the market because if you cannot analyze the market well, your predictions will never be correct and no matter how confident you are in investing, you will still be exposed to risk and you will lose money there.
We should keep an eye on all the news because if we don't keep an eye on when the market is moving in which direction then it will be very difficult for us to invest. Always keep yourself updated and keep an eye on what is happening in the market and invest with a long term view and try to make a profit.
Well said! Gathering information and thoroughly analyzing the market is the foundation of successful trading. A trader who lacks the ability to analyze market conditions will create a vacuum in his trading, resulting in more losses than gains. Even if a trader is confident in his trading abilities, without knowledge of market analysis, he will trade ignorantly and blindly.
Poor market analysis cannot produce profits, regardless of the amount of capital involved. In fact, the higher the capital, the greater the trader's risk of losing money. To be on the safe side, a trader must conduct thorough market analysis and study of market trends before trading.
without knowledge then the so called trader will be referred to has a gambler. Trading without knowledge and abilities will result in potential losses that sometimes might get the traders capital blown away. You said “the more the traders capital the bigger the risk” But the risk can be reduced and be controlled when the trader apply risk management and better and minimal lot size when trading. The risk of the capital depends solely on the traders decision how he manage his or her account that decision is left for the trader to apply. One can have a huge capital and apply risk management and be moving the capital step by step and not rushing into things.
- Since it is quite difficult to operate without trading expertise, we are all probably aware of how important it is. The one problem I often see among cryptocurrency traders is the level of seriousness exhibited by those who want to trade in this market.
I had this thought, therefore let's make a commitment to grasping the basics before rushing to make money. Making money is doable, at least with the basics.
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Do you agree?
Yeah, I totally agree with what you said without any objection. As a trader it important for you to stay updated about any news, because without that you won't be able to to know the changes that occur in the market. Being Knowledgeable about trading is going to help and guide you in different ways, situations and aspects of trading cryptocurrency, it will guide you on how to keep your market and how to run it smoothly. It also helps you to make well informed decisions and make the process of risk management easier for you, and you will have the ability to maximise your income without selfishness or greediness. You will gain your profits after a lots of hard work, dedication, loyalty, commitment and honesty, this will gain you a lot of respect/honor and make you a reputable person which may lead to your success in cryptocurrency trading.
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For me a must know before trading was always the idea that there is no guarantee of success or profit. I have seen many people whos main knowledge were buy low sell high, and they expected that now their will trade only with profit. I have seen numerous times, how they buy something, add few % to the price, make an order and wait. And they wait for long time. Hours, day, weeks, months, but their order stays unfilled. So a must know is - dont expect that you will be good at trading and get profit with every trade.
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If trading is something you intend to do or passionate about, then staying updated with relevant news and information about the current happenings within the crypto ecosystem is paramount. You may therefore need to keep close company with crypto media and news platforms like coindesk, cointelegraph, decrypt amongst several others, particularly if you're new. These platforms make you aware of cryptocurrency market mood, market benchmarks, trading indexes, live price updates, charts, trade reviews, ongoing regulatory matters and the likes.
you will agree that these bits and tips are to a large extent responsible for the overall success or failure in trading.
Do you agree?
Of course I agree with what you said, news updates about cryptocurrency are very important if we are active in crypto trading. Because not a few of these can be factors in changing Crypto prices, including news about new coins that will be released on the market. If we just keep quiet without wanting to follow developments, we can trade but of course the results will not be like people who are always updated.
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However, it is also important to notice the global economy and the price of gold that you have mentioned. Thus, talking as a safe haven asset, the price of gold can give hint on things that could prevail in the market and in turn how that may impact the decision making of investing in the crypto market. This can be attributed to the fact that when the economy of the whole world is not stable, usually investors opt for safer options and this has the potential to alter the market for cryptocurrency.
Gold can indeed be the Safe Haven asset of choice at this time because of its price stability and tends to continue to rise even though it takes a long time.
But it is possible that the price will also fall but with low fluctuations, unlike crypto which is more extreme and is now still heavily influenced by the global economy.
This kind of knowledge will save us from global economic instability, so we know what to do and what assets are true-bears suitable for the long term.
Crypto can be a decentralized long-term solution with high volatility, and gold can be a more stable safe haven asset in any market condition.
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However, it is also important to notice the global economy and the price of gold that you have mentioned. Thus, talking as a safe haven asset, the price of gold can give hint on things that could prevail in the market and in turn how that may impact the decision making of investing in the crypto market. This can be attributed to the fact that when the economy of the whole world is not stable, usually investors opt for safer options and this has the potential to alter the market for cryptocurrency.
Gold can indeed be the Safe Haven asset of choice at this time because of its price stability and tends to continue to rise even though it takes a long time.
But it is possible that the price will also fall but with low fluctuations, unlike crypto which is more extreme and is now still heavily influenced by the global economy.
This kind of knowledge will save us from global economic instability, so we know what to do and what assets are true-bears suitable for the long term.
Crypto can be a decentralized long-term solution with high volatility, and gold can be a more stable safe haven asset in any market condition.
Yes and having both the gold and the crypto would be good to manage the existing volatility in the world today. Even though trying to find the similar security as gold is impossible, crypto can give way more opportunities, as long as one understands that risks are waiting for everyone. So if you are so sure of when and why you are selecting one or both of the assets, then it becomes quite difficult to be moved by the market volatility. It is not just choosing what to do, but it is also important how one prepares himself or herself to take the consequences of what they have set their mind into doing.
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Gold can indeed be the Safe Haven asset of choice at this time because of its price stability and tends to continue to rise even though it takes a long time.
But it is possible that the price will also fall but with low fluctuations, unlike crypto which is more extreme and is now still heavily influenced by the global economy.
This kind of knowledge will save us from global economic instability, so we know what to do and what assets are true-bears suitable for the long term.
Crypto can be a decentralized long-term solution with high volatility, and gold can be a more stable safe haven asset in any market condition.
There is a reason why Bitcoin or cryptocurrencies are influenced by the changes in the global economy and gold isn't; it's the supply. We all know that Bitcoin has a fixed supply, and so do most of the cryptocurrencies, that's why, when there is some FUD or anything, or if there is some positive news circulating around the world, people start buying or selling their crypto assets accordingly, and that changes the price based on the supply and demand mechanism.
On the other hand, gold has a supply unknown to mankind, and it already has a pretty large supply, but, you can't know how much more gold can be discovered and added into the circulating supply it has right now, so even if its bought or sold in large numbers, it doesn't affect its price that much, and this is the reason why it is a more stable source of investment.
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There is a reason why Bitcoin or cryptocurrencies are influenced by the changes in the global economy and gold isn't; it's the supply. We all know that Bitcoin has a fixed supply, and so do most of the cryptocurrencies, that's why, when there is some FUD or anything, or if there is some positive news circulating around the world, people start buying or selling their crypto assets accordingly, and that changes the price based on the supply and demand mechanism.
On the other hand, gold has a supply unknown to mankind, and it already has a pretty large supply, but, you can't know how much more gold can be discovered and added into the circulating supply it has right now, so even if its bought or sold in large numbers, it doesn't affect its price that much, and this is the reason why it is a more stable source of investment.
What you describe directly addresses the concept of where Bitcoin is positioned in relation to gold. Due to its circulation in a limited supply system basis small fluctuations such as an increase in the market interest results to a change in its price. Fluctuations in favour of buying or selling can significantly affect the value of the subject in a short period. It has a large inventory physically located throughout the world and is known to have more producers worldwide, thus changes in demand are not extreme to the price. This makes gold a better hedge compared to cryptocurrencies since they are volatile.
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without knowledge then the so called trader will be referred to has a gambler. Trading without knowledge and abilities will result in potential losses that sometimes might get the traders capital blown away. You said “the more the traders capital the bigger the risk” But the risk can be reduced and be controlled when the trader apply risk management and better and minimal lot size when trading. The risk of the capital depends solely on the traders decision how he manage his or her account that decision is left for the trader to apply. One can have a huge capital and apply risk management and be moving the capital step by step and not rushing into things.
Knowledge is really valuable, that's why it's sad that most traders seem to ignore it, because there are others, who only had a little knowledge in trading, thinking they knew everything, they stuck to what they knew, didn't explore anymore, so in the end they still failed.
Now, why are there some who still stop and others who blame crypto trading or bitcoin, which has nothing to do with their mistakes and negligence, if they study or learn about it properly or correctly, they will surely get a good profit in crypto trading.
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Knowledge is really valuable, that's why it's sad that most traders seem to ignore it, because there are others, who only had a little knowledge in trading, thinking they knew everything, they stuck to what they knew, didn't explore anymore, so in the end they still failed.
Now, why are there some who still stop and others who blame crypto trading or bitcoin, which has nothing to do with their mistakes and negligence, if they study or learn about it properly or correctly, they will surely get a good profit in crypto trading.
Well, typically, during a crypto winter, not many folks want to spend time on this "failed" market. They don't look into blockchain or crypto, they don't study macro or technical analysis, they badmouth the market and call it a scam online. However, when the bullrun happens, they FOMO and rush into the market without any knowledge. Some learn a bit, but don't have a deep understanding or enough testing, so they easily make mistakes when making investment decisions. Eventually, their luck runs out, and the market takes away both their profits and their capital.
I've seen this happen repeatedly through many cycles and consider it part of the market. If there weren't people failing and losing, there couldn't be successful and profitable people in the market. Advice is only valuable to serious investors, I don't want to waste advice on people who aren't really ready for crypto but love to blame the market ^^
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without knowledge then the so called trader will be referred to has a gambler. Trading without knowledge and abilities will result in potential losses that sometimes might get the traders capital blown away. You said “the more the traders capital the bigger the risk” But the risk can be reduced and be controlled when the trader apply risk management and better and minimal lot size when trading. The risk of the capital depends solely on the traders decision how he manage his or her account that decision is left for the trader to apply. One can have a huge capital and apply risk management and be moving the capital step by step and not rushing into things.
Knowledge is really valuable, that's why it's sad that most traders seem to ignore it, because there are others, who only had a little knowledge in trading, thinking they knew everything, they stuck to what they knew, didn't explore anymore, so in the end they still failed.
Now, why are there some who still stop and others who blame crypto trading or bitcoin, which has nothing to do with their mistakes and negligence, if they study or learn about it properly or correctly, they will surely get a good profit in crypto trading.
Exactly many mistakes new traders do make not exploring more and more about crypto currency or trading just a little knowledge and they assume they have mastered everything and that a very wrong idea or strategy of learning trading cause with little knowledge you can’t be a profitable trader but when you have a lot of knowledge and follow news headlines about crypto then you will definitely have a upper hands over other traders so keep exploring and learn more the crypto currency world is a very wide and large place. Learning never stop so explore more and more.