Bitcoin Forum

article originally from FMZ.COM

Investors should follow golden mean, avoiding willfulness, and they need to cultivate a quality, to fear the market, which involves whether we really understand the market characteristics, and truly understand the meaning of financial transactions.

1

Insist on in-depth research

“Learn about the economic situation, understand the business rules, and wait for market opportunities;” These sentences are intended to express the theoretical background and business practices of investors, as well as the trading principles followed. As a fundamental investor, you must have considerable economic knowledge and business thinking skills. Investment needs business logic, also needs to adapt to the characteristics of the financial market, pay attention to the market rhythm, and wait patiently for market opportunities.

2

Emphasize the security of the principal

"Respond to changes in the market, weigh profit and loss, strictly control risk." This is intended to emphasize the requirements of the transaction on the state of mind and experience. Getting market changes should not only on the big trend, but also needs to deal with the fluctuations, maintain the market sensitivity, and balance the profit and loss. Financial markets don’t approve advance rashly, survival is the first, and making money is second. A sound security strategy must be built. The financial factors of the market, such as the herd effect, the hot money, the emotional chasing, once a market trend is formed, it will not end in a day or two. As the theory of reflexivity described by Soros, the market will repeatedly strengthen itself. After entering the market, if the direction is right, the profit should be taking as far as possible; if the reverse is fluctuating, it is necessary to stop the loss. Although the fundamentals are already reasonable, it doesn’t mean the time to trade has arrived.


3

Appropriate expectation of income

“Humanity prefer to be optimistic, and the market is chaotic, treat expectations of income rationally;” This one is intended to warn of overcoming optimism in fund management and risk control, especially to be alert to the situation that obsessed with so-called opportunities resulting in too big amount of funds and entering the market too early. Because of human subjective stubbornness and thinking inertia, it is easy to think paralyzed and to be blindly optimistic. The market is complex and changes are instantaneous, so the amount of funds should be small, the position should be short, and the exit should be fat when it’s supposed to be. Amplifying psychological expectations, pursuing huge profits, and unwilling to eat small losses often lead to big losses. Don’t be passively beat and be controlled by others, if you ain’t feel right, run immediately and reduce the loss of principal in time. There is a chance behind only when you live.


4

Enhance investment skills

"Doing business is like fighting a battle." This one is intended to describe the market as a battlefield. A professional investor is a businessman, just like a battlefield commander. Traders need to have comprehensive quality and excellent character, and they must establish a cautious war mentality, be flexible and understand the responsibility. Compared with the business process of the entity business, the futures are highly compressed in time. Although the market price must return to commercial value, the process is full of twists and changes, and may face huge changes of profits and losses in an instant. Therefore, futures need to pay attention to a kind of array method according to a routine, and it cannot be chaotic and gambled unruly. The use of funds must be based on safety, making early plans in the risk control, make a prompt decision in case of changes, leave safely with funds. At the same time, trading requires not only caution, but also the need for courage. When the market turns, it is necessary to decisively enter the market, the so-called “others are greedy, I fear, others fear me greed.”

Setbacks are inevitably in trading, so it definitely needs learning and improving from them.

article originally from FMZ.COM

If we make invest in asset that has volatility up and down, we should be have knowledge about trading. Skill about technical and fundamental analysis is should be to have it when we make invest in any asset that has fluctuacion up and down. From this knowledge we will know when to decide buy and sell.

Those articles are too complicated for me to understand hahaha

But I am sure we know how to trade. I have seen many people trade in their first time, but they only use the basic way of trade which is they buy at a low price, sell at high price. Some of them decide to learn more about trading by reading, watching, and practice from the lesson that they've got from many resources. They can increase the skills in a short time, they can make a bigger profit than the first time they trade, they can get a bigger balance, and they become a pro trader in someday.

Everyone must be aware of how to trade. But, only few know when to buy and when to sell :D.

I mean the process of trading is very simple but choosing right assets and then profitably buying and selling them is the real hard part for anyone. Effective trading is focusing on minimizing the loss and making sure gaining the maximum profits.

I guess this topic must have been titled like "do we really know how to trade effectively" as trading is possible for anyone when we just make sure selling just higher than buying levels whereas effective trading is meant for enabling us for continuous and consistent profit making.

Everyone knows that,but most of them are failed to make profits from doing trading which is the important thing to say them as a trader.While trading making a fixed target will help us to understand what we we working for.But people are just doing trades without much intention other than making money so irregular plans makes them to face losses than wins.

Planning is very important as it guide us of what we do in next. Losses can't be avoided but we can minimize it into almost zero. This is a part of crypto life and we eventually experience that before we succeed and the good thing is that, we learn a lot from that.
I know it is a big challenge for new traders and it needs time before they can make effective plans base on their experience and market trend.

Not everyone understood the market, in the aspects that we have newbies who join the market every now and then, what they believe in is just to buy and hold (invest). It's of one best interest to understand the major reason on what trading is before taking the part of being a trader.

I believe we all know how to trade but never practice and understand market works will make our strategy fails, trust me. In theory trading is simple but in the field trading is not easy and can create stress/ bankrupt people every second. This article is good, came from experience that we can use to fix our mindset about trading. Thank you for sharing this and good luck to you.

one of the problems that the newcomers to this market have been facing is the fact that the altcoin market  can be very misleading which means it can make people falsely believe that they have experts in trading after making a couple of successful trades.
of course this problem is mostly palpable during the pumping seasons such as most of the year 2017, but other times this is still an issue. mainly because whenever people make profit they lose sight of everything that is important and when everything is getting pumped they will end up thinking they made profit because of their good choices.
the result is a lot of people losing a lot of money and then complaining about it right after the dumps begin and since they weren't really good at trading they continue thinking they can make profit but they lose money.

I am fortunate enough that I started my career as Forex trader, so for me switching to Crypto trading was NEVER difficult at all. But of course, the biggest challenge I came across was to find out a broker that had good conditions to trade Cryptos.

It was not tough with proper research, I was able to find out VolumeFX (https://www.volumefx.com/), which offers not just Cryptos but all instruments, which eventually made me switch completely to them. They have a lot of things that I really enjoy and like, especially low spreads, over 200 instruments (including Cryptos), no slippage or re quotes, while there are often bonuses available, so all this makes you feel pretty comfortable.

In trading, there isn't right or wrong.

Beside  some basic rules of trading like good money management and emotionless decisions, everything else is individual. The most important in my eyes is to learn from our own mistakes and never repeat it again. Everything else is blah-blah.

What you mean by no right nor wrong in trading ? There are thing which may impact positive and may count them as right thing with respect to trading and the things which are causing negative consequences may be regarded as wrong things for trading.

Just knowing the basic rules of trading will not be enough to trade profitably, I guess OP is denoting profitable trading and even we are managing some trades with profits, OP is elaborating about consistent profit making and I guess which is not at all possible even for professional traders.

Everyone has different trading style, so one strategy can be profitable for A trader and same strategy can wipe account B trader. At the end of day,only thing matters is profit and based on this argument, we can conclude this idea.

Most people have a strategy for trading the main reason why most people crash down is because they tend to take to many advice and read article and follow different methods to trading you really need to have a one kinda strategy and then develop it over time no just one method kinda of thing

We all know because once we started trading that already tells us we know how to trade.
However, it should be the result that will determine if we are a successful trader or not, we can read a lot of good information
that could help but theory is always different when you put it in actual practice.

We should not only based on theory, we have to make our own judgement and the longer we trade the better we understand the market
and that will help us to improve our strategy.

Theory is helpful but it's based on general experience, you have your own when you trade and you cannot write everything into a book .

this article will really helpful for me to understand much more about trading because you lots of people like me what's doing trading every time but don't know the real strategy and how to do trading properly it is the most important thing that everyone should learn and teach all the other people also.

glad you like it , thanks a lot!

Many of us will thinking we know all about cryptocurrency trading but it is not like that cryptocurrency trading or like a version we are in just a part of it and we don't fully know about what is going on here but keeping us for the current situation updated will be more important and trading techniques are improved each and every time so the strategies are also be useful funny trailer to get more updated.

the good points that you have been mentioned in your article will very useful for me to learn some more things about what is trading and how to trade properly but still lots of people need your guidance to improve their trading knowledge I think it will definitely useful for them.

Indeed when we look at the prices, it is obvious that we do not know how to trade as a whole. Also psychology is the leading problem, which the majority is unable to know the right and wrong time. Moreover the current adoption is also a topic that can be helpful as time goes by.

This crypto market is very volatile and very unpredictable, even if people have a lot of knowledge and have done a lot of research, they still risk losing money in this market. something that people sleep when the price is X and when the person wakes up the price increased a lot or fell a lot, it becomes very difficult to predict


look at the whole crypto community and see that nobody is able to hit the price forecasts and this happens because it is a very volatile market and very difficult to predict

In trading we also need to keep on update the market condition and the newest news, I agree that to become a successful traders we need to do a depth research, we need knowledge, experience and strategy to become a good trader, and we also need to prepare mentally, because not every time the result we expect could become true, by keep on learning and accumulate experience we could become a better trader

Although it is a major problem, psychology is something that can still be controlled, at least on our side, because it will be impossible to control the market side. And I think adoption will only last a while. Not a good decision to take it all the time

Surely it is not always time to adopt and not always time to sell, there are fixed time call as green and red market which is symbol to sell and buy, if you are really urge to learn trading then there is no end for it, never be over confident and think you have learn trading thoroughly because keep learning and learning can give you power to become a future expert trader.

If you want to engage in cryptocurrency, of course you need to learn how to trade since you cannot buy and sell to earn profit if you don't know how to trade. I don't think being passive will bring you to somewhere in this competitive nature of cryptocurrency.

It really make no sense anymore if we don't even know even the basic way of trading. Even we do just participating bounties and received their tokens still we need to trade it into BTC or ETH to make it used in the market and that's make basic learning in trading is very important.

Is that so? Try to put your money where your mouth is, and you'll see how much control you have once the market is tanking again. You'll see that you have no control at all, especially when you either used credit or over-invested.

Even the most professional traders don't claim to have that level of control, which is why most of them use bots instead of staring at screens all day trading manually. It's clear that people haven't had much prior experience with markets.

People here seem to overestimate themselves, but severely underestimate the irrational nature of this market. This is how people end up losing their savings after a myriad of wrong trades and investments.

I really don't know much about the whole technicals of trading but I still manage to make it work. Because most of the time, I am a in long term hold. As long as I can buy it low and then sell it high then I'm satisfied with that. Making those cups, head and shoulder patterns and etc are not worth it for those shitcoins.

For me to be honest I don't really know what are the proper ways to trade but I do know hwo to trade like buy and selling only with no strategy or anything lol😂  when some tokens are accidentally fallen to my wallet I immediately convert it into BTC don't care about the ups and downs just the money at that moment lol practical living lol.

In the present case it is thought-provoking how knowledge works. Besides gut instinct also plays big role.

I do not think there are so many people who have all the technical knowledge about trade. Work hard to be more knowledgeable and as time goes by, this information increases, you become more experienced.

That's why I firmly believed that you really need to go out and get the experience. Books will only tell you something but if you don't practice it, you won't learn. Well at least that what someone taught me in life not just trading. Go get your hands dirty and learn by experience and up to this day I try to apply that in my everyday life and it really helps and guide me in my decision. Throw away that book and go and trade and play and see what fit and works for you.

I will not make investment in trading if I do not know how it works. Actually, I fully prepared to the risks that I will fave before I entered to the trading of cryptocurrencies. I studied  many research and articles about trading for ke to understand how it works.

Being very new in trading crypto currencies, you need to be too much careful. You should try to get knowledge first about trading and after getting good knowledge you should start trading with a least amount, first you need to gain some experience which you can only get from practical trading. After that you can steadily increasing your trading amount.

I know a lot of people disappointed from trading , but their main reason is that they even having less experience in trading field invested a big amount of money which cases a big lost for them.

There are a lot of trading tips on how to crypto trade. If a newbie will read this thread, they will definitely have difficulty in understanding it. Basic knowledge in trading is the first step to learn. Btt forum and youtube will help you,too. Fundamental and technical analysis is a great help to earn profits.
Try this website (https://www.google.com/amp/s/www.tradingheroes.com/cryptocurrency-trading-guide-beginners/amp/) on basic trading tips.

Learnining from our mistakes is the hardest way to learned but it is the best way and most effective way to know the secret of market behavior and invest at the right time.  Experienced will teach you what no man can teach you and you will make profits consistently if you are an experience trader.  Most times I don't even do analysis using technical and fundamentals indicators but through experience and what I have learned through my mistake I will know were the market is heading to and the best time to invest.

To be honest, I never think about if I really know how to trade or not. All I need to do is buy at a low price and sell at a high price, and I am very agree with that.
With only following the basics methods of trading, we could always make a profit in every day, but unfortunately, it's not easy as we say because it will need more learning and more experience to know the right time to buy and sell.
I suggest you do not think about that because you will be confusing to determine the truth, the best thing you can do right now is continue to trade, try to buy low and sell high, and you are good to continue.

The only key to success in trading is buying low and selling high but buying low is really a challenging task as it really takes a lot of research and knowledge before you know the perfect dip. Any new individual who would join trading can even have profits if he invest in any random coin when the coin is deep seeing the yearly graph ratio and waiting until the expected price is been reached.

This will make profits for those peoples much easier and also not much skills are required there. But a professional trader can find a dip in any coin he is interested in and will invest at a perfect price setting a stop-loss and waiting for the expected price to reach.

Cryptocurrency is not much difficult. There are peoples who learned trading in almost few countable days so it would really not be such difficult task. Forum threads from reputable members or youtube videos may prove beneficial as long as you are gathering the basic information.

If you deeply want to be a professional into it then you need to learn a lot of things yourself which won't be taught on youtube or any website. New peoples actually read such threads and try trading with lower volumes or paper trading an done they understand how the markets works they invest higher amounts and slowly and steadily start going deeper into it.

I definitely agree with you that is the only key to success in trading. But we know not many people who can buy low and sell high, and many of them have big greediness in trading, so they want to make a bigger profit.
In the basics of learning trading, buy low and sell high will be work in many situations but the problem, we cannot determine when the price can reach the low price and when the price can increase.
And if that is happening to us, then no other way for us to learn more about trading so at least, we can predict when the time comes.

If you aim to trade and be successful with this said field, it takes interest to learn and be knowledgeable about it. It's best to acquire skills to be properly guided. It all depends on us on how much effort we put in order to be rewarded and the hardwork we invest that would lead to success. Staying informed and be updated can be very helpful inorder to stay on track. Never invest too much emotion, trading is not all about gaining positive outcome. Learn from failures and move forward.

Many people, especially beginners make a significant error, about which you wrote. They immediately start trading without understanding the General rules of trading. But the most important thing it is study. We should always start with this.

Trading is not for everybody and you should not put the money you cannot afford to lose.  It is a very risky venture and whenever you lose it is a sign that you cannot be perfect in it.  You just need to have a good skills and intelligence in how the market work in other to be able to make money from the market.  I just think that we are going to have more investors coming into the cryptocurrencies market in future and that is why we should keep developing our skills and knowledge on how the market work.

Even experienced traders will eventually make a loss in trading; the difference is a more seasoned trader prepares for a loss unlike someone perhaps less skilled that doesn't manage risk properly and might end up with an empty account after one or two failed trades. Realistically you're never going to have a 100% success rate in trading, and even if you do have good accuracy at predicting price action, actively managing risk and maximizing the potential reward of a trade is what's going to make you profits.

As long as people think the price going up means Bitcoin is doing well and the price going down means Bitcoin is doing bad, nothing will change. These people only pull the trigger after having seen the price go up a lot.

By the time they gained enough confidence to pull the trigger, they usually buy around the peak of a bull run or rally. It has been like that in the stock market as well--average joes are average joes in any type of market.

As for the greed, even the best traders struggle with that. It also heavily depends on someone's mood, so regardless of your skill level and market understanding, if you feel shit, you can't make rational trading decisions.

  Considering experience on trading will give learnings for us to gain wisdom to deal the consequences, we can discover a liable methods and strategies that has filled with mistake that may contour the possible outcome in an appreciable way. At some point, failure will endure to have knowledge and endevour to be wise on every deliberations in order to gain massive profits and to become a successful trader.

It takes time to learn the art of trading, patience to understand it and determination to master it. Taking part in some learning group that teach you how to trade will not make you a good trader unless you persevere to learn it by youself. Mistakes and losses are always part of trader's learning experience which can make him a better trader someday. If you learn how to accept and correct your mistakes in your trading, then you probably know how to trade.

Everyone can learn and do trading but fear and other negative traits are the only hindrance that limits them . investing what you can afford to loose is the golden rule and majority of traders are following this but i think there are still die hard investors that willing to risk all his lifetime saving just to earn more profit in crypto trading   . that was a greedy move and should not be followed by others  .



there is no perfect on this world and as well as on trading  . if you loose it does not mean that you lack of something  .  if you know to yourself that you give your best then its not already your fault on why you still loose . trading is just a hard game because crypto market is too unpredictable  .

This is important because as a newbie in trading, your journey is a learning process, as expected you will make bad decision at the beginning
but you have to accept it to correct it, if you keep learning you will improve your strategy and that will help you succeed to be a consistent trader.

Complicated yet, it is made for us to understand what trading really is. Trading will never be easy to anyone. Even those people that are whales or know to trade since then are failing even though they know TA, some information about the coin itself. That's how trading is, a very complicated thing.

Perhaps only greedy and lazy ppl  is the one that really dont know how to trade and how to play safe on it especially noob. Actually im not an expert about it but i have enough knowledge which in order to avoid losses and etc.  Yes trading is a very difficult way to multiply our money but if you really interested on it and you always make a research then it will become so easy and safe way to gain profits.. 

Many people sure know how to trade, but the real question is "Do anyone know what will happen in the future?" and the answer is no. Trading might involve technical analysis and/or fundamental analysis and analysis is just a guide to see the what will happen but nothing is certain.

Good 'accuracy' is making more profits than losses, that's all it is. In some cases it might not even be related to making more winning than losing trades with how every trade isn't the same as the previous one because of the changing market dynamics.

I remember watching a documentary where high level wall street traders explained how there is close to no human involvement when it comes to making trading decisions. It's all algorithmic activity. What I found to be the most interesting part was that some of their bots lost money consistently for a almost two weeks, then still ended the month in the green.

I think it's safe to say that as long as you go big only on the events that offer a 70%ish probability to play out in a certain way, you're more likely to end up in the green over a longer period of time.  

For me, to be able to trade investors must be knowledgeable about the crypto market. Be sensitive to the market and capture the right time to accept to cut loss if the market falls and buy back when the price is low. Potential Altcoins and fast buy as well as fast sale.

Sometimes greed will make us a better player in the trading but if they are just beleiving their luck to bring profits for them then it is not going to work.Trading is simple but not easy to make profits too often so they need either patience to play safe as long term trader or skills to analyse the market for day trading profits.

mistake are often experienced by beginners, they only think about profit without thinking about the risks of the trade they are doing, learning is certainly a very good thing especially if we can learn from the bad experiences we have experienced so that we don't fall into the same mistakes both times.

Yes, there are no people who know the future. But who has heavy experience in the crypto market and who can analyze the market situation, He can predict sometimes that where can the market go. But not exact only around. And we should mind that all time all analysis can not work properly and the prediction can be failed.

I got interested in your last paragraph where you are comparing trading to warfare. I think I'm not very much relaxed with that kind of idea. If we trade like we are fighting war, it means even when we lose, we are still going to keep fighting until nothing is left (our money  ;D).

I see trading as a game or fun kind of stuff and that is how it goes for me.

You don't fight the market because if you do, you will crash yourself.

This kind of skills can be gained from google or from your tube because there are so many websites that gives benefits to all traders, we can use it and collect so many knowledge about trading we can get the opportunity to buy some coins at low price then we learn how to keep it longer and never sell it until the profit becomes more than double for us.

New to trading. Came in five months back. Started learning few basics. Sit everyday at videos and channels where trading is taught or trading tips are shared. Lost money at the beginning and now able to hold back when its not required. Updating myself with everyday's news. This is how one should trade.

A risky move to trade without knowledge and that is a pure greed because for sure you are just thinking about buy and sell. We really need to know how to trade with real knowledge and not just by the advice of the pump group, newbies are expected to be a good trader in the future but they must start learning so they can achieve it. Many losses that can happen if you don’t have any knowledge in trading.

IMO, trading is not necessary for us to learn, it is just an option and it is up to us if we want to know about trading.
Trading is having a high risk, a lot of things to consider in trading which gives difficulties for beginners. Many individuals tried in trading but somehow they end up into losing cause they don't feel comfortable in doing this and also lack of knowledge and interest.

But at least we have to know that the concept of trade that is good and true indeed all have a high risk, but do not be blind with all the knowledge available about trade, it's up to trade is the choice by taking the right momentum at a cheap price by selling a fairly expensive price a simple concept, everyone has the right to trade in their own way but it would be good to continue to do the analysis because it will be useful in the future not only in the crypto scope but beyond that may be useful.

Analysis and self awareness regarding to your actions is always been an advantage not only on trading itself but in all sorts that do require decisions in life.
Good decisions will always result to good outcomes.Risk is always there but atleast you do know that theres something in return if you do decide to proceed on.
Concept on trading is pretty simple but im pretty sure it isnt really that easy.

This requires a great deal of knowledge in this market because making a profit is not easy in this discount market. Most altcoin is in a downward trend as an opportunity for you to start making a profit because after each discount, there will be a big recovery and you need to have good psychology to sell at a high price. Now is the chance that you need to grasp and just choose potential coins to join the trade

everyone knows about basic trading, but not everyone really knows the market conditions. some traders are impatient and too greedy in trading, and then they lose. experience and knowledge will be very helpful, of course, must be sure of our instincts to make decisions

The reason that trading is tough for so many people is purely because of the numerous factors that affect the market. When it comes to a bear market, making money by trading is far more difficult let along maintaining your own value due to fall in the market values. This leads to panic sell and many unwanted outputs. You need to be learned a lot to be instrumental to make money.

I personally think that I don't. I trade here and there and not that much so I could be considered a "mid-term investor" instead of trader but if we consider them about the same then I can clearly say that I don't know when to buy. Most of the time whenever I buy something same thing happens, it goes down a bit, it stays there for a long time, then it goes up a lot.

So yeah, I do profit from my trades almost all the time which means "I know how to trade" but considering I could have bought lower since it dropped after I bought I have technically lost on my profit which is why I think I don't know how to trade. If it comes to day trading and buying/selling with small movements then I am not good at all, I can't know any coin going any direction in that much short span of time.

Agree with you to trade well we will have to control our greed the most, we don’t really know all the trading rules so better don’t take rush decision, try to spend time in market and observe which coin is now a day at value that can give you better output, so spend your money with the coin you trust the most, and trade for long term so you will be able to control your emotions.

The point is they don't want to learn about trading because they feel that it will be too difficult to do that thing.
But if they want to realize, there are no ways to make a profit unless by learning to trade.
No pain, no gain.
That will be a reason for them if they want to make a profit in trading.