A must know before trading

[Mr. Magkaisa]

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.

        -     Engaging in actual trading here in the crypto space that we are in is like fighting a war, so the soldier before he enters the real battle is full of training, they do it and that's no joke. Because before they pass the training, it is extremely difficult and tiring, and patience will be tested on them.

Same goes here in trading, you can't really know nothing, you should really study, you can't just rely on chance, trading is not designed that way, this is what most newbies who enter the crypto space don't know.

[taufik123]

-snip-
Same goes here in trading, you can't really know nothing, you should really study, you can't just rely on chance, trading is not designed that way, this is what most newbies who enter the crypto space don't know.

Good and professional trading will be based on how well they master technical, analytical and fundamentals.
Trading is very complex and there is a lot to do.

Laymen only know how to buy quickly without doing any analysis, but it's just about guessing rather than seeing how the price could be.
There are many things to learn in trading and of course it is not easy and requires a long process.

[MRY]

Good and professional trading will be based on how well they master technical, analytical and fundamentals.
Trading is very complex and there is a lot to do.

Laymen only know how to buy quickly without doing any analysis, but it's just about guessing rather than seeing how the price could be.
There are many things to learn in trading and of course it is not easy and requires a long process.

Actually you are completely right about this argument that trading is not simply about being lucky or guessing. Due to this, professionalism in trading depends on how well the ability to analyse the market is developed. In addition to gazing at the diagrams, important factors which contribute to the prices such as news, the economic policy changes, or even shift of the market all over the world. People who are not in this field may only know of short-term benefits in trading but as real traders, one has to be equipped with this knowledge. It is not as simple but yes, as time passes and one gets dedicated, one can become much better in predicting prices.

[LUCKMCFLY]

For me, when operating there is a lack of tools, for example if I trade with BTC I should have a consolidated volume, something that is not available, then I could invest in it to try to obtain a somewhat consolidated volume, if I read the volume well then obviously I will have a better analysis, otherwise I think that a lot can still be done, for that reason we should be people who , as far as possible, should have better technological tools, I think that with that detail we would be more successful.

[Hisbullah]

-snip-
Same goes here in trading, you can't really know nothing, you should really study, you can't just rely on chance, trading is not designed that way, this is what most newbies who enter the crypto space don't know.

Good and professional trading will be based on how well they master technical, analytical and fundamentals.
Trading is very complex and there is a lot to do.

Laymen only know how to buy quickly without doing any analysis, but it's just about guessing rather than seeing how the price could be.
There are many things to learn in trading and of course it is not easy and requires a long process.

I agree with you, there are many things to learn in trading including technical and fundamental analysis as the basic knowledge that a trader must have.
Many people think trading is easy, but in fact, to be able to get consistent profits, it takes expertise and long experience, as you said.

[milewilda]

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.

        -     Engaging in actual trading here in the crypto space that we are in is like fighting a war, so the soldier before he enters the real battle is full of training, they do it and that's no joke. Because before they pass the training, it is extremely difficult and tiring, and patience will be tested on them.

Same goes here in trading, you can't really know nothing, you should really study, you can't just rely on chance, trading is not designed that way, this is what most newbies who enter the crypto space don't know.

This is the usual case on which most newbies or even all of us do have this kind of mentality at the time that we do tend to deal up with something on which its not that limited to trading but also in other things as well on which you will be having those kind of mindset or beliefs in mind that you can eventually make out some easy money with it without even trying to check out on whats the real deal with trading. Its not something that you can deal up into without having that awareness on what it is all about. Just like on what been said that we are the ones that made out those realizations at the moment that you do able to experience yourself on how market works or behaves.

[JISAN]

This is the usual case on which most newbies or even all of us do have this kind of mentality at the time that we do tend to deal up with something on which its not that limited to trading but also in other things as well on which you will be having those kind of mindset or beliefs in mind that you can eventually make out some easy money with it without even trying to check out on whats the real deal with trading. Its not something that you can deal up into without having that awareness on what it is all about. Just like on what been said that we are the ones that made out those realizations at the moment that you do able to experience yourself on how market works or behaves.

In the case of trading, it is definitely important to have a lot of understanding about the behavior of the market. Because if there is no knowledge about the behavior of the market, then it will not be possible to understand the market movement and sudden market effects. For this reason, we must have a very deep knowledge about the behavior of the market. Trading is a very difficult task, but many times many people do not want to accept it, due to which they jump into trading. And the result is a large financial loss. It is very important to observe these things very well and then start trading.

[Legion]

In the case of trading, it is definitely important to have a lot of understanding about the behavior of the market. Because if there is no knowledge about the behavior of the market, then it will not be possible to understand the market movement and sudden market effects. For this reason, we must have a very deep knowledge about the behavior of the market. Trading is a very difficult task, but many times many people do not want to accept it, due to which they jump into trading. And the result is a large financial loss. It is very important to observe these things very well and then start trading.

We cannot determent the trading world simply by the profits that are get at the end of trading. The setting of responsivities is evidently far from being very simple and clear and the execution of such responsivities needs high precision that is not frequently explained. In every venture, when many people enter the market in the bid to become rich, they end up losing their hard earned money. Sometimes just like in the movie something could be going on quite smoothly, successively and then this or that factor can flip the situation upside down. It is possible to consider that if we do not equip ourselves with the required knowledge and practice then chances are high that we would be taking a hasty decision based on pure emotion. It is not about guts, but about audacity to take your stand or to be a buyer when it is still foggy.

[DavetJack]

-snip-
Same goes here in trading, you can't really know nothing, you should really study, you can't just rely on chance, trading is not designed that way, this is what most newbies who enter the crypto space don't know.

Good and professional trading will be based on how well they master technical, analytical and fundamentals.
Trading is very complex and there is a lot to do.

Laymen only know how to buy quickly without doing any analysis, but it's just about guessing rather than seeing how the price could be.
There are many things to learn in trading and of course it is not easy and requires a long process.

Yes, I agree with your words. To be a good investor, he must pay attention to different aspects. To be a good investor, he must know the strategies of different things or how much knowledge he has gained about trading. Basically, if a trader wants to be profitable, he must analyze the fundamentals or any currency and predict what may happen in the future. However, there are many who think that trading is very easy, but this is not actually true, he must need a lot of knowledge to get good profits, which you have explained very easily through your comment.

[Alone055]

In the case of trading, it is definitely important to have a lot of understanding about the behavior of the market. Because if there is no knowledge about the behavior of the market, then it will not be possible to understand the market movement and sudden market effects. For this reason, we must have a very deep knowledge about the behavior of the market. Trading is a very difficult task, but many times many people do not want to accept it, due to which they jump into trading. And the result is a large financial loss. It is very important to observe these things very well and then start trading.

You're right. Those who enter into trading without any knowledge will have to face negative consequences for their actions because you can't expect to gain success in something you do without even knowing everything about it. If we want to do anything in life effectively, we will have to have enough knowledge about the things involved, and if we do it carelessly, we are not going to complete our goals at all.

Those who get into trading without knowledge thinking that they can conquer it easily are on the wrong path, and they are misguided by the stories people share all around the internet these days, and those who share those stories don't talk about the other part of the stories which involves all the risks and dangers that go along when someone steps into this space.

Both knowledge and experience are important, experience comes with time, but knowledge can be gained.

[Legion]

You're right. Those who enter into trading without any knowledge will have to face negative consequences for their actions because you can't expect to gain success in something you do without even knowing everything about it. If we want to do anything in life effectively, we will have to have enough knowledge about the things involved, and if we do it carelessly, we are not going to complete our goals at all.

Those who get into trading without knowledge thinking that they can conquer it easily are on the wrong path, and they are misguided by the stories people share all around the internet these days, and those who share those stories don't talk about the other part of the stories which involves all the risks and dangers that go along when someone steps into this space.

Both knowledge and experience are important, experience comes with time, but knowledge can be gained.

Anyone who involves himself in trading without enough knowledge is, in reality, opening a door to failure. A lot of individuals, especially those in business, brag and feel they are so smart because they heard or even seen others make a lot of money not knowing that the flashy and shiny things those people possess have been gained through many ups and downs which are mostly hidden. To start with, one would require information on the market and how trading, especially in the forex market is carried out. Experience comes with time, but the fact is without knowledge, everything will be learned through deem simple but very costly mistakes. Like in any other activity, achievement in trading does not solely depend on chance, but the ability to look at the real picture.

[Basedjack]

-snip-
Same goes here in trading, you can't really know nothing, you should really study, you can't just rely on chance, trading is not designed that way, this is what most newbies who enter the crypto space don't know.

Good and professional trading will be based on how well they master technical, analytical and fundamentals.
Trading is very complex and there is a lot to do.

Laymen only know how to buy quickly without doing any analysis, but it's just about guessing rather than seeing how the price could be.
There are many things to learn in trading and of course it is not easy and requires a long process.

I agree with you, there are many things to learn in trading including technical and fundamental analysis as the basic knowledge that a trader must have.
Many people think trading is easy, but in fact, to be able to get consistent profits, it takes expertise and long experience, as you said.

Yes, to develop yourself as a skilled trader, it is necessary to have basic knowledge first. After that, gradually gaining an idea of how the market is regulated, the one who moves forward with patience and a desire for hard work and experience makes trading easier, it is important to use these strategies to become a trader, and if you can keep it as a long-term investment for trading, you can earn money from there, so for trading you should focus on different things and it is better to proceed with caution, then you will be able to maintain your capital and reach your destination.

[$crypto$]

This is the usual case on which most newbies or even all of us do have this kind of mentality at the time that we do tend to deal up with something on which its not that limited to trading but also in other things as well on which you will be having those kind of mindset or beliefs in mind that you can eventually make out some easy money with it without even trying to check out on whats the real deal with trading. Its not something that you can deal up into without having that awareness on what it is all about. Just like on what been said that we are the ones that made out those realizations at the moment that you do able to experience yourself on how market works or behaves.

In the case of trading, it is definitely important to have a lot of understanding about the behavior of the market. Because if there is no knowledge about the behavior of the market, then it will not be possible to understand the market movement and sudden market effects. For this reason, we must have a very deep knowledge about the behavior of the market. Trading is a very difficult task, but many times many people do not want to accept it, due to which they jump into trading. And the result is a large financial loss. It is very important to observe these things very well and then start trading.

There are many things we must understand in trading, one of which is how the market moves and that is one of the many things we must learn.

Not to mention if we talk to ourselves who must be able to apply good management, be it financial management, risk management and so on. Maybe that if only in theory is something we can understand but in reality it will not be that easy.

[taufik123]

-snip-
Many people think trading is easy, but in fact, to be able to get consistent profits, it takes expertise and long experience, as you said.

It's really difficult and you can't just rely on theory, but some real practice needs to be done because it's going to be related to psychology.
Many can trade and master good trading science, but their psychology is bad and even too panicked, it will make a well-built strategy will be destroyed when their psychology is disrupted by panic.