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Author Topic: Don't be in a Rush  (Read 15757 times)

Offline Agbe

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Re: Don't be in a Rush
« Reply #180 on: September 26, 2024, 05:24:22 PM »
Trading is all professional game, skill is very important. When a trader starts trading without trading knowledge, he risks his capital and at some point he loses his capital and leaves the market. Futures trading is most dangerous for a new trader, even many experienced traders avoid futures trading. Traders must develop trading skills before starting trading to protect their funds from major losses. A new trader should always trade in major pairs, so as not to panic and lose due to excessive volatility, risk management will allow a trader to try to keep funds safe even in bad conditions.

People don't think it's a game of professionalism they see it as a game of luck just like gambling so they don't bother to spend much time learning about the market properly before investing in it. From your post you seem to be acquainted with trading, how long should a beginner devote time to learning and studying? How many months do you recommend? Trading requires a high level of skill set, understanding the market will give you a Little leverage, risk management is very important, no matter how certain you think you are as a trader always learn to invest reasonably and don't always wait for trade to always be 100 percent, sometimes learn to take profit when it gets to a certain level

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Re: Don't be in a Rush
« Reply #180 on: September 26, 2024, 05:24:22 PM »

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Offline satpol_PP

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Re: Don't be in a Rush
« Reply #181 on: September 26, 2024, 10:55:01 PM »
Trading is all professional game, skill is very important. When a trader starts trading without trading knowledge, he risks his capital and at some point he loses his capital and leaves the market. Futures trading is most dangerous for a new trader, even many experienced traders avoid futures trading. Traders must develop trading skills before starting trading to protect their funds from major losses. A new trader should always trade in major pairs, so as not to panic and lose due to excessive volatility, risk management will allow a trader to try to keep funds safe even in bad conditions.

People don't think it's a game of professionalism they see it as a game of luck just like gambling so they don't bother to spend much time learning about the market properly before investing in it. From your post you seem to be acquainted with trading, how long should a beginner devote time to learning and studying? How many months do you recommend? Trading requires a high level of skill set, understanding the market will give you a Little leverage, risk management is very important, no matter how certain you think you are as a trader always learn to invest reasonably and don't always wait for trade to always be 100 percent, sometimes learn to take profit when it gets to a certain level
Trading is a method to gain profit consistently where we must have sufficient knowledge and experience, a newbie can start trading by learning how to make analysis, read charts and predict short-term prices. This takes a long time, if focused it may take 3 years to have good knowledge and experience.

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Re: Don't be in a Rush
« Reply #181 on: September 26, 2024, 10:55:01 PM »

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Offline Sukii

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Re: Don't be in a Rush
« Reply #182 on: September 28, 2024, 11:43:52 AM »
Well I myself am at fault at this
Back then when I was new to trading I thought once I had understood what trading is all about and after using demo for a short period of time I rushed into trading with my money even went as far as borrowing money to trade
Well long story short I ended of in a lot of debt I had to go back to the basics and start learning how to trade from the basics
My advise to people who are new to the game is that they should take there time to learn what should be learnt and should have it in mind that trading is not something you get into just to get quick wealth
It comes with a lot of loses and heartbreaks but if you are determined you will surely get there
💫✌️

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Re: Don't be in a Rush
« Reply #183 on: October 01, 2024, 06:09:37 PM »
Yes, during the Covid-19 pandemic, we saw many people starting to invest in crypto because of necessity, where many businesses were locked down while they needed money to meet their living needs, they finally started investing in crypto and some may have been active in gambling. Thankfully, we have survived that difficult time safely.

It is a blessing that this happened and many of us are alive, although I was with many people who had Covid and then, thank God the Heavenly Father, I never got that disease, somehow I knew that it was not for me, and many people who were friends did have to live with seeing their relatives die, it is hard, the only option they saw was to invest in crypto and play in a casino until they saw some hope there, that is why so many people learn about crypto and gambling, out of desperation.
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Offline Themepen

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Re: Don't be in a Rush
« Reply #184 on: October 01, 2024, 07:15:31 PM »
People don't think it's a game of professionalism they see it as a game of luck just like gambling so they don't bother to spend much time learning about the market properly before investing in it. From your post you seem to be acquainted with trading, how long should a beginner devote time to learning and studying? How many months do you recommend? Trading requires a high level of skill set, understanding the market will give you a Little leverage, risk management is very important, no matter how certain you think you are as a trader always learn to invest reasonably and don't always wait for trade to always be 100 percent, sometimes learn to take profit when it gets to a certain level
Yes Many people wrongly think trading is just about luck like gambling instead of skilled profession. This means they do not spend enough time learning about market before investing. Trading requires a lot of skill and knowledge so beginners should spend several months learning and studying.

Good plan is to spend 6-12 months focusing on understanding market and managing risks and developing strategies. It is important to be cautious and realistic knowing no trade is completely guaranteed. Instead of this take disciplined approac investing wisely and taking profits when it makes sense. Always keep learning and improving to succeed in trading and minimize losses.

Offline nakmantu99

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Re: Don't be in a Rush
« Reply #185 on: October 01, 2024, 08:59:09 PM »
People don't think it's a game of professionalism they see it as a game of luck just like gambling so they don't bother to spend much time learning about the market properly before investing in it. From your post you seem to be acquainted with trading, how long should a beginner devote time to learning and studying? How many months do you recommend? Trading requires a high level of skill set, understanding the market will give you a Little leverage, risk management is very important, no matter how certain you think you are as a trader always learn to invest reasonably and don't always wait for trade to always be 100 percent, sometimes learn to take profit when it gets to a certain level
Yes Many people wrongly think trading is just about luck like gambling instead of skilled profession. This means they do not spend enough time learning about market before investing. Trading requires a lot of skill and knowledge so beginners should spend several months learning and studying.

Good plan is to spend 6-12 months focusing on understanding market and managing risks and developing strategies. It is important to be cautious and realistic knowing no trade is completely guaranteed. Instead of this take disciplined approac investing wisely and taking profits when it makes sense. Always keep learning and improving to succeed in trading and minimize losses.
I like reading your comments, we need 6-12 years to become a trader who has skills and expertise in trading. because trading is not just about seeking profit but must learn to seek knowledge, experience and have skills in trading. If we are skilled and expert of course it is easy to get high profits.

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Re: Don't be in a Rush
« Reply #186 on: October 01, 2024, 10:52:28 PM »
Trading is a method to gain profit consistently where we must have sufficient knowledge and experience, a newbie can start trading by learning how to make analysis, read charts and predict short-term prices. This takes a long time, if focused it may take 3 years to have good knowledge and experience.
There is no guarantee to earn profits consistently in trading. Sure, we need good knowledge and experience in trading, this will increase the chance to get profits. However, it is always not easy, sometimes we have many unpredictable situation in crypto market. This may lead to losses or earning small profits only. Anyway, to have good knowledge, it is not always to spend few years. Some people have good knowledge in few months only.

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Re: Don't be in a Rush
« Reply #186 on: October 01, 2024, 10:52:28 PM »


Offline satpol_PP

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Re: Don't be in a Rush
« Reply #187 on: October 04, 2024, 10:31:50 PM »

There is no guarantee to earn profits consistently in trading. Sure, we need good knowledge and experience in trading, this will increase the chance to get profits. However, it is always not easy, sometimes we have many unpredictable situation in crypto market. This may lead to losses or earning small profits only. Anyway, to have good knowledge, it is not always to spend few years. Some people have good knowledge in few months only.
Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.

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Re: Don't be in a Rush
« Reply #188 on: October 06, 2024, 05:21:44 PM »
We have been through a difficult time during the pandemic because many activities were restricted. You are right, because during covid the stock price fell and many stock investors turned to crypto, which made crypto very popular and helped many people to earn income during covid, some participated in bounty campaigns, airdrops and some focused on trading in crypto.
Exactly. We have too many limitation when we were in the Covid years. It influenced the digital investment as well, including stock and crypto investment. Since Stock market dropped massively at that time, people moved to crypto investment that could survive well during Covid crisis. This makes crypto becomes more popular, many new people joined crypto industry. Sure, we also tried to get side income from airdrop, bounty, and trading field.

Yes COVID19 pandemic changed how people invest their money. Many turned to cryptocurrency crypto when stock market struggling and crashing.
People tried getting alternative in investment at that time. Crypto is their choice because crypto becomes popular and there are some good news. However, I don't know if there are many of the people can stay a long time in crypto investment. Some of them quite early because they misunderstand crypto investment.

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Re: Don't be in a Rush
« Reply #189 on: November 05, 2024, 10:41:12 PM »

There is no guarantee to earn profits consistently in trading. Sure, we need good knowledge and experience in trading, this will increase the chance to get profits. However, it is always not easy, sometimes we have many unpredictable situation in crypto market. This may lead to losses or earning small profits only. Anyway, to have good knowledge, it is not always to spend few years. Some people have good knowledge in few months only.
Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
In trading something may happen in the market and out of our analyze and research we can’t change those things. This uncertainty is a good lesson in accepting the fact that the results of any of these models may not always turn out as predicted. People with receptive attitude and the desire for change are ready to go further and adapt the handling while staying aligned to the plan.
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Offline Yamzakid

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Re: Don't be in a Rush
« Reply #190 on: November 06, 2024, 10:18:17 AM »

There is always an advice and they have always been an advice, the problem is that will the people involve embrace the advice? Even if they decide to embrace the advice on their own, will greed allow them? Most people that joins the trading bandwagon just because Peter my friend did it and was successful, I will also do it and be successful. Afterall, I am smarter than him. This is not all about smart, do you know how far Peter is ahead of you in knowledge of trading?
Good advise, but will greedy allow them to learn? Most newbies want to go into trading and make quick money without proper knowledge of it and that's a bad habit in trading. My very first trading experience I was told how to make money without realizing that it involves many risks because I didn't know anything about trading at the time.

This man claimed to be an expert in trading and was actually making money from trading at the time, so he asked me to bring some cash so he could teach me how to do it. What saved me, I couldn't afford the money he asked for, because he said that was the fix price I would pay, and he was encouraging me by telling me that I would get everything back and make more profits.

Shortly after, I stopped seeing him, and when I asked about him, I was told that he had left town because he had lost an amount of money that had negatively impacted his health. That's when I realized he wasn't giving me full details about trading, and I noticed that there is more to learn about it than just making money.

The chances of making profits in trading is good knowledge and experience, and knowing risk management is crucial. We need also learn how to control our emotions. No matter your degree of expertise in trading, always invest wisely.

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Re: Don't be in a Rush
« Reply #191 on: November 07, 2024, 05:29:20 PM »
Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
However, even if we have carried out much research and much analysis, there are indeed unpredictable events outside the business operating environment, such as a piece of news that shifts the direction of the business. This scenario is not rare for making our forecasts inaccurate, to the highest levels of experience, the trading world is always full of random factors likely to contribute to the fluctuation of prices.

This is what makes trading so versatile and this is how we learn to stick with the combinations we have. The fact that analysis can sometimes provide wrong information brings a reminder that adaptation should still remain a priority at all times. I think this is exactly the reason why we get a chance to study further and build our defense against the shifting market environment.
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Re: Don't be in a Rush
« Reply #192 on: November 08, 2024, 12:00:52 AM »
Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
However, even if we have carried out much research and much analysis, there are indeed unpredictable events outside the business operating environment, such as a piece of news that shifts the direction of the business. This scenario is not rare for making our forecasts inaccurate, to the highest levels of experience, the trading world is always full of random factors likely to contribute to the fluctuation of prices.

This is what makes trading so versatile and this is how we learn to stick with the combinations we have. The fact that analysis can sometimes provide wrong information brings a reminder that adaptation should still remain a priority at all times. I think this is exactly the reason why we get a chance to study further and build our defense against the shifting market environment.
News will greatly affect the crypto market, this is a fact that always happens. We have made an analysis, developed a strategy but it turns out that the market conditions suddenly change and finally we have to see that our predictions and analysis are wrong and may be trapped in the price or we do a stop loss. to reduce losses when the market price drops sharply.

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Re: Don't be in a Rush
« Reply #193 on: November 08, 2024, 06:13:19 PM »
Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
However, even if we have carried out much research and much analysis, there are indeed unpredictable events outside the business operating environment, such as a piece of news that shifts the direction of the business. This scenario is not rare for making our forecasts inaccurate, to the highest levels of experience, the trading world is always full of random factors likely to contribute to the fluctuation of prices.

This is what makes trading so versatile and this is how we learn to stick with the combinations we have. The fact that analysis can sometimes provide wrong information brings a reminder that adaptation should still remain a priority at all times. I think this is exactly the reason why we get a chance to study further and build our defense against the shifting market environment.
News will greatly affect the crypto market, this is a fact that always happens. We have made an analysis, developed a strategy but it turns out that the market conditions suddenly change and finally we have to see that our predictions and analysis are wrong and may be trapped in the price or we do a stop loss. to reduce losses when the market price drops sharply.

When it comes to trading in the field of cryptocurrency or bitcoin, there are a lot of things to consider. To be honest, that's just one news story that provides updates on the crypto space we live in, because there are other countries that also support this thing. Besides that, what is happening in the market is just like the stock market, in its Dxy price, what is happening.

And if there are big events coming up, like the election that ended in the US, this is also one of the factors that can be added to the factors that can have a rally and, at other times, a downtrend in the market.
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Offline enwi

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Re: Don't be in a Rush
« Reply #194 on: November 12, 2024, 03:41:39 AM »
Sometimes we have done research and analysis properly and we start making plans, but suddenly there is bad news that has an impact on crypto so that a correction occurs, this is what makes a trader even though professional will have mistakes in predictions. and this will always happen in trading. That's why we say there is no guarantee that our predictions and analysis are accurate because external factors will also affect prices.
However, even if we have carried out much research and much analysis, there are indeed unpredictable events outside the business operating environment, such as a piece of news that shifts the direction of the business. This scenario is not rare for making our forecasts inaccurate, to the highest levels of experience, the trading world is always full of random factors likely to contribute to the fluctuation of prices.

This is what makes trading so versatile and this is how we learn to stick with the combinations we have. The fact that analysis can sometimes provide wrong information brings a reminder that adaptation should still remain a priority at all times. I think this is exactly the reason why we get a chance to study further and build our defense against the shifting market environment.
News will greatly affect the crypto market, this is a fact that always happens. We have made an analysis, developed a strategy but it turns out that the market conditions suddenly change and finally we have to see that our predictions and analysis are wrong and may be trapped in the price or we do a stop loss. to reduce losses when the market price drops sharply.
Yes crypto market is volatile and we have all been there to see how the prices can turn in a few minutes with any news. In the worst case, no matter how good we are in planning and strategy there are moments when our expectations are incorrect and we have to be ready for making controversial decisions. I think that openness and willingness to change are primary when it comes to the above mentioned alterations. So yes possible, with right approach and positive stance, we can not only, but survive in such conditions and continue to grow to become that much more prepared in the investment phase.

 

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