Building wealth in trading slowly, or fast through the use of leverage

[electronicash]

          -     I am happy with the driving part even if it is slow, because we all have only one destination and that is the finish line, it is better that while we drive on the road we are taking, it is better that we enjoy every step we take and appreciate those things that can provide help or contribution so that we can complete our journey.

It seems that when eating food, it is better that we chew it well so that we can appreciate and get the right nutritions that it can give to our body and what is really delicious is better than if we just swallow it immediately without even crushing its nutrition properly so the same goes for the crypto industry we are in.

can't say all of us wanted the slow lane.

most of the users who came late in crypto sees crypto market as get rich quick and they are up to trade faster. most probably there will be more who will be liquidated if they go into leverage trading unaware of the manipulation in crypto. if there will be people who will just be waiting for what the market will do, it will be those who chooses the slow lane.

[sampoerna]

Indeed, it is undeniable that the benefits when trading using leverage can really be multiplied. In fact, we can indeed accumulate wealth faster from this trading activity with leverage, in the Future market, the increase can reach hundreds to thousands. It's just that, the problem is, if you use leverage, of course the level of risk for loss is also very high, the higher the leverage, the higher the profit, but also the higher the level of risk of losing. Therefore, we must really understand the risks and also the various analyzes, as well as the methods we use. so that we can manage the trading.

It's just that, for those who are not used to it and especially for newbies, I don't recommend this before studying it optimally and seriously. because this does involve some pretty complicated analysis. so don't just follow suit.

but for those who have been usually doing it and are able to do it, honestly, this is a very profitable thing.

[Themepen]

futures market is not for everyone though. if it is, we would have been there trading.

there's perpetual futures market that might just be an equivalent in holding your coins for as long as you can but if the market goes against your position you will still be liquidated. this is why the market is very unpredictable because it dumps fast and also rises so fast.

Yes you are right futures market is not for everyone. Fact is that not all people are trading there shows that it is complicated and has much of risks.

And what you said about perpetual futures being bit like holding onto your coins for long time is interesting. But big difference is risk of getting liquidated. This means that even if you plan to hold for long time if market suddenly goes down amuch against your bet in perpetual futures you could lose all your money. This risk along with how quickly and unpredictably market can change makes futures trading very risky. We need to understand what we are doing and hav good plan to manage risks. It is different from buying and holding regular coins.

[LUCKMCFLY]

Your comment is appropriate in this time. So i am also agree with your prefer comment. We know that trading is one of the best earning way in cryptocurrency market. But when we want to trade, we should understand in cryptocurrency market carefully. We obviously believe that for best trading low leverage is better high leverage. We know that trading knowledge is one of the best way for earn best profit in cryptocurrency market. So i think that if we use low leverage for trading, i think that it must be helpful for us.

What you say is interesting, personally I think that we as traders have preferences, I am a person who believes that leverage is a double-edged sword, but I do restrict it, I only use it when the market is totally berasih, I see it as a great opportunity, and of course I am not an investor because I do not have the conditions, that is why when you see an opportunity you can only risk what you are willing to lose.

[vegasus]

Yes you are right futures market is not for everyone. Fact is that not all people are trading there shows that it is complicated and has much of risks.

Because the future market is so high risk. It could be that the profit is many times, maybe hundreds. but on the other hand, it can really lose all money due to liquidation. this is what often happens, because of the lack of understanding of people who are new to the world of crypto trading in the future market. therefore, we should not just FOMO because we see the success of people who do future trading. because they are used to it, already know the tricks, and also know the strategy so that the profits are much greater than the losses. while us? because we are still new and don't really understand, we end up just being victims.

[Asiska02]

Liken the above analogy to trading...
Leverage is your fast car , while trading, you can choose low leverage (slow speed), or high leverage (fast speed) both have their advantages and disadvantages, but I want to know, between this two, which guarantees better success rate overall and overtime?

Going on steady and not rushing while over leveraging is the best as a trader. Both really have their own advantages and disadvantages when it comes to achieving big profits but you have to know when to apply each of them to avoid being liquidated quickly. As a trader that is starting to build your portfolio, try and focus more on capitalising on small wins while managing your risk by using small leverage for most of the games.

Where you need to use high leverage in trading is when you have enough capital to back up for over leveraging when it doesn’t go your way. This doesn’t mean you should just take risk that are not calculated. To use high leverage, you need to understand that what your high leveraging on has a high tendency, like 90% to give you a win. That is better than just risking, more like gambling because you have enough capital to use.

[Rengga Jati]

Indeed, it is undeniable that the benefits when trading using leverage can really be multiplied. In fact, we can indeed accumulate wealth faster from this trading activity with leverage, in the Future market, the increase can reach hundreds to thousands.

HIgh risks - high returns

This is what must always be considered. However, when newbies just enter crypto trading and they immediately jump into future trading, most of them do not understand that it is something that is high risk.

Underestimating, yes sometimes also underestimating the dangers of the risks, and assuming that when they have followed the trading signal that is shared, they will be able to do it immediately for high profits. However, that is not enough
and is actually much more dangerous and risky.

[SamReomo]

Yes you are right futures market is not for everyone. Fact is that not all people are trading there shows that it is complicated and has much of risks.

Well, in futures market it's much easier to make so much money in short period of time but similarly one can lose everything also in short time doing futures trading. The best way to earn consistent income via trading is to go for spot trading and overtime ones portfolio also gets huge in value. Some traders who start with $1000 and do spot trading can convert that $1000 into $10k within a year, and in some cases into $100k within a year.

[libert19]

I know people who printed insane amount of money with high leverage with market being in their favor but they lost it soon after as well, because they continued playing with high leverage and market stopped favoring them.

[LUCKMCFLY]

So i think that if we use low leverage for trading, i think that it must be helpful for us.

I completely agree that when using leverage , we must assume our own risks , and What we can lose should be part of our risk Management Even if we get quick results, for me , leverage is the Fastest way to build up a Good capital Otherwise, we can build up capital, but in the long term, with small transactions It's something like a business , which isn't bad either.

[Bobcrypto]

This is an interesting analogy. I agree that there is an approach to what you want to do in life, and if you want to be rich, trading can be one of them. The question is, would you go fast or slow? I like this.

Anyway, this is somewhat what I am struggling to have right now, and I believe that it sometimes fluctuates between what I want and what I know I need. It becomes gambling now with the unknown risk that the market offers.

I think consistency gives the probability of winning more instead of losing, but it's a boost to have higher leverage, and that's another gamble.

In my opinion, you actually needed some lessons on trading, probably some experts analysis and social networks signal like the free or the paid telegram signal out there.
I have three Free Twitter/telegram signal channels that I compared my personal analysis before taken a buy/sell positions.
In addition, trading is actually a career that requires more attention to gains continuous experience, it should be taken gradually, and you just have to learn, especially the areas where you have some weakness, and strive to correct them as you progresses.

[Legion]

This is an interesting analogy. I agree that there is an approach to what you want to do in life, and if you want to be rich, trading can be one of them. The question is, would you go fast or slow? I like this.

Anyway, this is somewhat what I am struggling to have right now, and I believe that it sometimes fluctuates between what I want and what I know I need. It becomes gambling now with the unknown risk that the market offers.

I think consistency gives the probability of winning more instead of losing, but it's a boost to have higher leverage, and that's another gamble.

In my opinion, you actually needed some lessons on trading, probably some experts analysis and social networks signal like the free or the paid telegram signal out there.
I have three Free Twitter/telegram signal channels that I compared my personal analysis before taken a buy/sell positions.
In addition, trading is actually a career that requires more attention to gains continuous experience, it should be taken gradually, and you just have to learn, especially the areas where you have some weakness, and strive to correct them as you progresses.

I know that trading cannot be mastered immediately which is why I like you have highlighted the role of experience for it is indeed a key component of it. Applying the signal from various channels can be helpful from time to time and should not be used exclusively. Most people give much attention to the signals without understanding the background information that is behind them, and end up being trapped when there are signals that surpass their expectations. What I find it relevant to focus on is changing posture and focus more on understanding market structure as opposed to buy or sell signals. It appears that you are headed in the right direction because you are still cutting through personal interpretation of signals, which most people overlook.

[Mr. Magkaisa]

Indeed, it is undeniable that the benefits when trading using leverage can really be multiplied. In fact, we can indeed accumulate wealth faster from this trading activity with leverage, in the Future market, the increase can reach hundreds to thousands. It's just that, the problem is, if you use leverage, of course the level of risk for loss is also very high, the higher the leverage, the higher the profit, but also the higher the level of risk of losing. Therefore, we must really understand the risks and also the various analyzes, as well as the methods we use. so that we can manage the trading.

It's just that, for those who are not used to it and especially for newbies, I don't recommend this before studying it optimally and seriously. because this does involve some pretty complicated analysis. so don't just follow suit.

but for those who have been usually doing it and are able to do it, honestly, this is a very profitable thing.

       -       You are right in what you said, we really can accumulate wealth but those who are going to try to enter crypto trading should also know what the risks are that they can take or face. Because this is not just a matter of wealth but also in the future for ourselves or our family.

Because the profit we get from trading is if done correctly or correctly, it is guaranteed to benefit us in the long term in the end. And many people do it but it is not that easy to achieve.