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Cryptocurrency Trading / Re: Is the volatility of crypto a trader's nightmare?
« on: September 24, 2024, 11:58:13 AM »The crypto market as we all know usually fluctuates abruptly making it very difficult for traders to predict the price movement. Because of how volatile the crypto market is, it's been severally reported that traders do record significant losses whenever they fail to manage their trades properly. So I'm asking now, should we consider volatility as the nightmare of crypto traders or not?Volatility is what makes crypto difficult to predict, it can move in either directions at anytime and that is the reason why trading is very difficult and risky. Without adequate knowledge one will record significant losses and find it difficult to maintain discipline to prevent further losses. Every trader requires patience to learn trading and know how to manage their trades and take calculated risks.
Obviously volatility is the nightmare of every trader and also it is their gain but when it is red they don’t seem to happy about it that’s why learning to understand the market movements is important even though it doesn’t guarantee success.