What really matters when trading money or trading strategy and knowledge???

[milewilda]

The most important thing that every trader needs to know and understand is that what really matters in trading which is supposedly profitable is discipline, you have to decipline yourself physically and mentally because it is easier to lose money in the crypto world than it is to make profit and as a beginner or experienced trader it's not about the money it's about how well and vast your knowledge is about reading the chart, recognizing the higher timeframe trend depending on the type of trader that you are (scalper,day trader,swing trader and long term trader) and knowing which direction you are taking wether being it going with the trend or against it, calculating your position and size according to you capital ,knowing your take profit and stop loss and then knowing when to enter and exit the trade. Then trade demo account before putting in your money for real.
Without decipline and knowledge all these mentioned above wouldn't be possible but here comes the money part, without the money or capital to trade or invest, the knowledge isn't completely useless cause you can teach it but you need experience to understand the price action better,and you don't really know what trading feels like untill you open that position.
So with all these points what do u think really matters most money or strategy and knowledge???

This remind me of when I came into trading as a newbie and I use demo account and a lot of profits was coming smoothly and some little strategy was working fine and going smoothly, no emotions no fear, no trauma , no depression and so much. But the first day I entered an entry on my real money account I was following my strategy but I face alot of emotions, fear , trauma and I was so scared to loss a single penny to the market. It really hurts me alot when I lose money and I face alot of loss despite the knowledge but it gives me more understanding and experience when I tried out the real money account and demo account will bring profits to you but when it comes to real money account then it real hard no free money you  really have to work hard.
 
In addition, the trading market you see is something that works with alot of things not only capital, knowledge, strategy and analysis applies to bring out positive result so I don’t really think any of this ain’t important all are very important and despite them you need more to add to them to become a professional and profitable trader such example are discipline, commitment, dedication and much more. This trading works in hand with alot of things cause from the market you can earn millions in just a trade and vice versa you can still lose so hard works pays alot and it works in hand with trading also so non of them are less important all are very important.

When you are on demo trading then you would be just that too confident when dealing up with executions of your trading analysis on which we know that we cant lose money and thats why strategy executions will be that too confident but on the moment that you are dealing with real funds then this is where emotions will be the main problem on which we know that it wont really be that easy on dealing up with things specially on an unpredictable market. We do know that its never been that easy on making executions since you do have in mind that you can lose money and no one wants to lose real money.

[Azharul]

Knowledge and strategy plus discipline can put someone to be a very successful trader especially in the world and market of cryptocurrency while can also be applied in other endeavors in life. At the end of the day, a person with KSD will eventually develop his specific wisdom that can come handy in the rough seas of trading. Trading is open to all but not all people can be suited to trading...a person who is not willing to learn and who does not know how to control himself will just be wasting his time and money here. That is why I always admired successful traders because I know that they got in there after the many tribulations the market is ready to slap on anyone.

Trading knowledge and trading strategy twice is also very important issue in cryptocurrency market. So i am also agree with your prefer comment. We obviously believe that trading knowledge is one of the best issue in cryptocurrency market. Because if we haven’t any knowledge in cryptocurrency trade, we can not earn best profit in cryptocurrency market. We also need to extra strategy for earn best profit in cryptocurrency trade. Because we can see that professional trader, who has sufficient knowledge in trade he can earn best profit from here.

[Findingnemo]

Both are equally important if you want to sustain in trading, but with huge capital the trading becomes easier and doesn't need to push harder to make profits that brings a huge difference, and even when the market is going red you can wait for the opportunity to utilise whereas a retail investor will liquidated with price swings.

[taufik123]

Both are equally important if you want to sustain in trading, but with huge capital the trading becomes easier and doesn't need to push harder to make profits that brings a huge difference, and even when the market is going red you can wait for the opportunity to utilise whereas a retail investor will liquidated with price swings.

Having large capital is an advantage and can even make the market submissive, but of course it won't always happen.
Traders with large capital also have a greater risk of losing when the market doesn't go their way, but those who already understand how the market works will know what to do.
Every price change is used for profit, using retail traders as bait and playing the psychology of retail traders so that they sell at low prices and buy at high prices.

[SmartGold01]

Knowledge is the main reason why we are trading and without proper knowledge i don't think such person can even make any profits rather continuous losing money all the time. Yes the coin to trade is extremely that important as well because if you don't know which coin to chose or what coin trade then the token might dump on the person's head while trading that is why before choosing coin to trade we should at least know little about the community and what is their next plans for the project in the next 5-10 years time coming.

Actually, your comment is vary appropriate in this time. Because we know that trading is one of the best profitable source in cryptocurrency market. But we know that trading is also very risky space for earn best profit in cryptocurrency market.  So if we want to earn best profit we should understand in cryptocurrency market carefully. Because knowledge is also very important, so when we can understand in all cryptocurrency market and trading system clearly it must be very easy for earn. So i think that knowledge is one of the best element for best trading.

I don't think without proper knowledge if anyone would succeed in trading as we know that trading is the basis that we need to push up the strength in trading. So, it just like saying that I want to drive and you have the car key but doesn't know how to drive. It's obviously that you would be looking at the car without knowing what to do, and that is how trading is and if you have the right knowledge you wouldn't be that wait for what to do without trading.

[DragonF]

I don't think without proper knowledge if anyone would succeed in trading as we know that trading is the basis that we need to push up the strength in trading. So, it just like saying that I want to drive and you have the car key but doesn't know how to drive. It's obviously that you would be looking at the car without knowing what to do, and that is how trading is and if you have the right knowledge you wouldn't be that wait for what to do without trading.

This is true. Trading is not something that a person will jump into without understanding the basics. Understanding the fundamentals of trading is what drives profit. Traders should not expect to profit simply because they have access to a trading platform.

Trading requires a step by step approach and it is this gradual learning that makes an expert trader. Trading is not something you do in a hurry. A trader must be patient in order to gain a thorough understanding of trading and reduce risk while increasing profit potential.

[LogitechMouse]

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So with all these points what do u think really matters most money or strategy and knowledge???

You can have millions of money in your trading account and still lose it all.
Why? Because you don't have the strategy, knowledge and the experience that will help you make profit.

In trading, our main goal is to make money, and to make money in trading, you must have the tools that will help you such as the strategy, and when I mean strategy, I mean a "WORKING" strategy. Aside from that, you will also need to be knowledgeable in trading even at least the basics only. As for the experience, you will acquire experience as you trade. The more you trade, the more experience you gain. The more losses you will do at your first try in trading, the better because you will learn from those mistakes and will not do the same thing again.

Trading is all about making money, and in order to make money, you need a strategy, experience, and traits that will help you. As long as you have at least these 3, you will make money along the way.

[Chilwell]

~~snip

To the best of the my knowledge, above all the things you've mentioned, there is not anyone that can be omitted, because it is very crucial for a trader to possess those qualities, and if a trader miss any of them, it becomes a problem to the trader. Before an individual even think of starting trading they must be a source of capital, if the individual was able to secured a capital (trading money), that is not a enough for him to jump into the world of trading. there are some necessities that he must fulfil, such as acquiring knowledge, having experience, skills and understanding the on basic principles of trading. with the help of the knowledge that you've acquired, you will be a disciplined person and you will also learn to know the strategies that will suit your business.

[Vx1]

Everything is important, interconnected with each other. In trading we cannot make money if we do not have a trading strategy and knowledge. So in my opinion we cannot choose one of them, we must master all if we want to become a successful professional trader.

[Legion]

Everything is important, interconnected with each other. In trading we cannot make money if we do not have a trading strategy and knowledge. So in my opinion we cannot choose one of them, we must master all if we want to become a successful professional trader.

Yes, there is no aspect of trading that becomes professional if one has no faced some form of experience in it. But I would like to note that one does not need to know all of them and achieve mastery instantly. This is true since at one time you are likely to be pulled in many ways and you have no clue which option to take. However, I trust the process that is more tempered and systematic. This way, you may begin from something that you know well, say risk management, and then gradually introduce technicalities or the market aspect into it. Sometimes if you want to be very aggressive and try to grasp as much as you can within very short time then you are likely to make a wrong move due to overconfidence. And as for me, I do not think about the fact that it is good when you know everything but you need what now and then develop further.

[Aanuoluwatofunmi]

Having the required minimum knowledge is what will make our strategy to work in trading, because we have to think more about how we can help out in the situation from our own end by doing what is necessary of us to do, this then will be the guide to our investment capital we are using for trades, but when there is lack in knowledge as to how to trade, every efforts turned a futile one and we can easily ran into loss at any given time because of our incompetency on trading.

[milewilda]

Having the required minimum knowledge is what will make our strategy to work in trading, because we have to think more about how we can help out in the situation from our own end by doing what is necessary of us to do, this then will be the guide to our investment capital we are using for trades, but when there is lack in knowledge as to how to trade, every efforts turned a futile one and we can easily ran into loss at any given time because of our incompetency on trading.

Knowledge is everything because at the moment that you do have that knowledge and skills the money flow next to that and thats why its that important that you do really that enhance up that skills because on the moment that you wont be able to do such thing then expect that it wont be that effective that much when it comes money making. So on the question on which on is important then knowledge that makes strategy and strategy that makes up that good entry or decisions and these will be resulting into that money making opportunity. Therefore, its important that you do really know on what you should gonna do and on all the possible back up plans that you do need up to apply so that you do able to sustain out whenever you do face up challenges.

[JISAN]

You cannot do well in trading just by having money. Because crypto is very volatile and there are a lot of scams here. So you cannot get good profit from it just by investing but you have to lose a lot. So for this you need to have good analysis knowledge. Trading definitely requires money but more than that you need good analysis knowledge.

You can manage money anytime for trading but you cannot achieve analysis skills anytime, it requires long experience. So I think analysis knowledge is more important than money for trading.