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Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something

This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop

It's a lot like poker, yes.

You don't have to be an expert, but just like poker, you need to have good risk management. It's really important to avoid big losses with strict stop losses. You also need to trade with a plan, and use statistical edges.

And much like poker, you also have to avoid going on tilt, letting emotion drive losses. It's good to treat trading very mechanically.

Trading can't be addictive for me especially as the risks are high.

Not everyone trading has matured to the extent of analyzing and placing trade on their own, so they probably have all the parameters set.

Like it's been aforementioned, risk management is vital. Capital preservation is also very vital. You trading plan must include the amount of loss you're willing to take, that will inform the stoplosses

Trading needs a lot of courage and knowledge but if you are a truly risk person then you can just know some project and try tp make some magic on it. It takes a lot of gots in trading and most especially needs time .

Yes,  trading could be addictive and equally rewarding!  I remembered my first time Trading bitcoin,  I had no clue to what I was doing but I decided to learn through my own experience and I increase my knowledge about Bitcoin,  asset trading etc.  Today,  I have a skill that help me earn more income through trading!

if in my opinion you better stop the job name like gambling, because it will make your life more difficult if it continues. and if you choose to trade it is better in the crypto world only because the trade is not like a tournament

Please avoid promoting websites in this thread

If you avoid everything until you are an expert in it and are 100% sure of what you are doing, then you will never do anything in life. It pays to be prepared in advance but some things you cannot learn without the experience of really doing them.

I describe your personality as very bad for being a trader, a kind of unstable emotion and easily discouraged. sorry this is only a brief analysis. trading is very close to emotional control. I hope you don't give up and make a negative judgment.

That's right, but if it happens to someone who is easy to give up because of a loss at the start, I'm sure he will give up easily and stop. But actually it is the beginning of success if we continue to work hard and learn from our experience.

All the traders are must read the articles and procedure of crypto trading. So every beginners are start with small scale trading in Bitcoin or altcoin it will be more promising investment so all the peoples are know about the risk of crypto investment.

in trading you need a trading plan so you don't think that this is gambling. In trading there is only probablity, not certainty. You have to manage money management well if you want to survive in the world of trading.

We can't prevent these people to give negative judgement upon looking at this current situation of a volatile market, that has been shaken the entire cryptocurrency community. Avoiding trading while there's no certain knowledge about what is behind the actual scenario during crucial times. You need do trials before you start being involved with trading, so you may gain confidence when there's a possible circumstances which may happen.

I think trading activity is one of the way to get successfully, just like others kind of business model that will any risk. We should be have knowledge how to minimize the risk by learn more about risk management and trading plan before put money in to this activity. All business model has risk and only by management of risk and money we can minimize it. If we dont take any risk we will never get successfully. Warren Buffett is one of the richest people in the world that make amillion dollar from trading activity.

Never saw anyone being successful at trading outside of lucky and insiders

I am only trading for now because  I need some money because of emergency matters. But for long term trading, I have no greater experience on that. But still learning new ways to double my coins in exchanges.

you need to learn more about trading before to start of it..this is better than to gambling. in trading if you know what to do and you have a lot of experience to have a profit it is possible to become addicted on this.. losses on first try is part of experience.

I agree with your view, trading is beside knowledge, it has lots of lucky inside, when I had confusion, I always go out or sleep

There were lots of discussions on this forum comparing gambling and trading but it never got concluded because different people are having different opinions. In my opinion too, if you are not prepared appropriately to face the challenges of crypto markets and more especially against its fluctuations, then it is highly recommended to stay away from the markets. Yes, going without proper preparation is simply a gambling, nothing more or nothing less.

I just foresee your future that you got all the basic capabilities to become a professional trader because you have already started making use of "your experience" ;). Yes, your bad incidents are your big experience and whenever you are remembering them then you can avoid losses and then you can find chances to make profits. This is a way, one trader will groom into a professional trader. Good luck :).

Trading is the great way to make profit rather than taking deposito or bank's monthly interest.
In crypto trading,the risk is greater because the value always change without being expect.
Personally I prefer to hold rather than doing short term trading

Little agree with this, because trading is addictive whether you lose or not. When you lose, you still curious to do it again and want to fix your mistake in old. And if profit you will want more than it. Just control ourself is something to good to do.

I certainly agree with you. It is really important that we'll know what we are doing. Having enough knowledge about trading is an advantage and is a big help for us to perform trading better. It would be a trial and error experience but learning things about it would be a big help and might result to a lesser risk.

People has been already became an impromptu traders since bitcoin price high and they have just following people with buy more bitcoin because they had thought bitcoin price were not fall but because most of them doesn't have enough knowledge how to trading then when the price fall usually most of them will being panic and sold their bitcoin at cheap price and you says is true that for those who does not how to trading then they have to avoid it

You really have a point in that matter pal. If anyone is don't have enough idea or knowledge in trading better for them not to risk their coins to trade it in the exchange. Because if you know what you are doing in the platform for sure you will gain a lot.

Trading is not a child play, if we're not careful enough then we will lose all our capital within seconds. Yes, trading is known for swallowing our money when we are not opening a trade with reason. I have tried many times blind trading and all those times I have learned big lesson by paying big fees.

Knowledge and experience are important factors, anyone must have before going for trading. These are more important for all types of trading but for crypto trading especially, we must have thorough experience along with sound knowledge so that we can withstand against highly fluctuating this crypto markets.

Not everybody can be a professional trader. Remember that around 90% of traders end up losing money. In order to be successful you need to accomplish 3 things: master the art of technical analysis, be able to control your emotions very well ( a trader needs to be cold hearted) and have proper risk management. Good luck!

And this kind of people earns finally because trying to be a trading master is all about us. People do mistakes but instead of being disheartened good is to learn from your mistakes and try again with more strength and passion. First mistake can be your next success but you will have to keep going even if you fall during walking as a trader for first time.

He didn't mean saying the real gambling job. He just compared trading with gambling, and he think it has similarity if you don't have enough knowledge in trading. A trader needs to have sufficient knowledge and know well the market characteristics and condition.

If you are serious about becoming a trader, then you need a trading plan.
1 Assess your skills
2 Mental Preparation
3 Determine your level of risk
4 Determine your goal
5 Get ready for trading
6 Rules for Entry and Exit

No, anyone can be a professional trader if they are ready to dedicate some time for the preparations toward achieving the goal of becoming professional trader. Only 10% of traders are finding profits ? Then why we need to be here ? No, there are plenty of chances for everyone to be successful in trading, it would be around 50% of chances. You simply sound like mentioning about gambling as with gambling only there cannot be any professinal traders and 90% of gamblers are always facing losses.

These are possible for anyone over intensive practices rather than learning from books or through internet. Even learning is the first step, that will not help any trader, we must practice in real time to become professionals in crypto trading.

Trading is not for every one and you should have at strong as thunder before have to put your money into it.  Professionals traders makes 95% of the profits and for you to became a professional your must have spend many years in losing trade!  Don't think that we are not going to do bad in future as this is how this market was built.  Some people must been losing for others to gain.

You dont necessarily need to avoid trading, infact trading could be the way to make extra income, but you need to have knowledge and you need to build your experience little by little, it could be by following group signal, or trade a famous coin with low amount, trading is like gambling if you don't know the basic, but once you know the basic and you got experience, its like gambling with higher winning odds

Good point, the selections will help you to understand things around this business, if you can enhance you can take your advantage, you always have a choice and you always need to control your destiny, don't be move by any manipulative moves coming from big whales, you have to be more precise achieving your goals and make things right each time you place your entry, expecting decent profits after exiting out to enjoy your stay.

Proper preparations will make us good in trading, its not easy as we think because we have to do a lot of things. Emotion is big thing in trading because if you have a weak emotion then trading will be hard for you. Do not trade if you don’t know how to do it, stop depending to anyone and start trading on your own, in time you can be good in trading just have more patience and keep working.

Yes, the difference between gambling and trading can be very thin. If traders only follow their emotions for every action they take, then it is more like gambling. Traders must be able to control themselves even in any situation. Their target must be clear from the start. The decline and price increase are very reasonable in crypto currencies. And it's impossible to see our investments always grow over time. On several occasions we will see our asset value decline.

These situations are inevitable actually yet even if you are already a professional there are really some circumstances that would really put you into these gambling-like decisions.
I dont believe that each trader or pro's didntt able to experience such situation.Trading is very unpredictable and its always been its nature but well we should really do our best to make
our actions not to be like as a gamble.Always prefer with your risk management.

Think of trading only if you are in need of that,it can be considered as job but you also need to have some other kind of income to survive your life when the market is bad.You can try trading only you know the basics and proper knowledge about the market condition which can get benefit on your side but still yes its like gambling so you need to look for small profits with more number of trades other than waiting for big profits.

I think it was good that you managed to quit :)

The only way you can be sure of in trading is that when you get buy a coin where its price is less than a cent and then wait for the price to spike up. That's is a sure way to profit but if you trade like dump because the price already shoot up and then waiting for the price to dip again can be tricky.

To follow the poker analogy:

- Size your positions right (bankroll management)
- Be aware who you are playing against (most traders are bots/algorithms - hard to beat)
- Don't FOMO-trade (tilt)
- Never stop learning (applies to everything ;))

You can become an addict on things you do regular, Trading is part of learning how to manage your finance. Also know that we learn from our mistakes. trading has not been an easy task but if you believe in it and put your trust, you can make it and become a professional. i also advice people to learn before they practice.

Let me guess, every time you have finished trading and you experience losses you just let it go, you only remember the losses experienced and never make an evaluation of the failure that you had. Then, you equate trading with gambling which in fact has a very far difference. When you trade ands need analysis, you need an experience and calm so that the predictions you make are based on theory. Meanwhile, gambling only relies on luck, no matter how much you have a theory of gambling you cannot just rely on a theory, the end of the profit that you will get depends only on luck.

Most of the mistakes of the new traders are they entering the market because they heared to other that they can make profit. As a trader,  we should have confidence, motivation, courage and patience in order to perform good trade. Trading is different from gambling because trading is for people who have skills and enough knowledge.

You're spot on with this,and most times when they enter with such mindset as to get rich immediately,they end up throwing more money in that they normally should as a beginner.
There are basics that definitely need to be learnt and when one skips them,then he or she is liable to making huge errors that really cannot be corrected.
Trading is a very tricky aspect of the network and it's takes more time to master,the more reason why a step by step assimilation is very necessary to succeed

I do not know why there are people who keep making investment with trading even they do not know what they are doing. If they experience loss, they will just rant because of what happened. As a trader,  we should always know what we are doing for us to have control to ourselves.

They must be having overconfident on their skill and knowledge that is the reason they keep on investing into their capital for trading purposes. These people sounds like why they are into trading like trading is a way of making money but they are spending money into that. Moreover people usually will go for anything out of frustration, we cannot expect them to be calm when they are seeing their hard earned money goes in vain.

That will be possible only after gaining some long experience. But people want to make money from trading before having sufficient experience and finally losing their capital too. Most traders learning by spending their capital. It must be really pathetic situation for trader but we are seeing many people are still doing that.

They say you need to feel how to fail first before you understand how to succeed. Learn from mistakes, not juts  one or two but a lot of them, then when you tried it all, its time to apply what you learned. If after all the mistakes that you encountered and yet you still don't learn, then its not for you or you don't take your business seriously.

Trading is a not a gambling or poker game that depends on luck because its depends on your knowledge or strategy. There are have a lot of coin and project on the crypto world and you must focus on btc and eth because everything depends on bitcoin price and also focus which project or coin that you invest. Trade doesn't mean that you need to high profit but you can increase your asset buy small profit by day trading.

People gamble unfortunately. Instead of breaking down the market and what exactly went wrong, they open another trade hoping that it will be profitable this time. If it still isn't, they'll try it again or hop over to other coins to try their luck there.

The worst mistake people make is that they feel that it is necessary to gain back the amount they lost with the previous trade. That unhealthy fixation will make sure that they keep making the same mistake over and over again, because that's how it goes. The more they lose, the more risk they will expose themselves to in an attempt to wipe out the losses. It's crazy.

Use a bot or something, because there isn't much to lose anyway. It's either you trade manually and lose almost guaranteed, or the bot will potentially lose some percentage initially, but gain more after a month of trading.

That is a right statement to carry, if you are taking a trade you must know why this trade needs to be taken. Every trade taken should have a strong fundamental or technical base. Trading is not just predicting the market w/o any base but it is a passion with strong logics. Trading is no gambling or addictive provided you need to take trading as profession.

I am with this saying which you cant really learn if you don't atleast try.You do like trading but you are afraid to lose money then you wont really able to learn it ever and being unsure on your actions is normal
but losing money is very unavoidable with this venture.You will mold yourself to be a better trader if you do able to pass countless errors or trials along the way and this don't really happen overtime.

Trading is mainly treated by new traders as job but i prefer to call it as business. Logic doesn't work unless mixed with emotions which can change opinion of market participants depending on the market situation. Trading is not addictive as gambling but it is not for everyone. Trading decisions need strong technical or fundamental background.

Sometimes if you are not careful the whole trading turns into a gambling game like betting on soccer and you end up losing more money so the best thing to do is to know some analysis and some fundamentals and then make some moves

You're wrong buddy because there also some certain things or steps ones need to take to avoid loses because and a coin when it price is small and then wait for the price to spike up is the most risky part. Meanwhile, crypto currency market will always experience dump in price sooner or later after it reach a new ATH.

every success will have many bad experience, business without bad experience is not possible we should be prepared for that     

Yes, it is right, that there will never be a certainty in the crypto system. so most of the coins in circulation will only decrease in price and only really quality coins will survive. This is a sure thing and for anyone who wants to invest in the trading world, he must be really smart in choosing potential coins.

Well, this should be the SOP especially to the new comers that we should be sure we're right then go ahead as Bitcoin market now is really unpredictable because the bearish market is still in effect. To make the trading safe then constant monitoring is recommended and invest only what you can afford to lose.

The risks are so high in trading of cryptocurrency so we can't ensure if we can earn profit by taking the risks. I am prepared to all of the unexpected situation that I will experience because I always recalling that there are really times that I cannot win in trading.

I do not know and I also do not want to compare trading or gambling (poker or something). In my opinion it really needs management in trading both risk, information, strategy and analysis because we need it all so we are sure about what we will trade.

Yes, effective management of money and risk may lead to success in trading. Timely decision making is more important while trading because market will wait for none. We should decide well in advance where to book profits and where to put stop-loss. If we do not know manage money, risk and time then it must be good to stay away from the markets. Because, it would be much better not trying trading like a gambler.

This is how our experience will safe guard us. We must make use of our past incidents to find out when to trade and when to stay away. But, most traders are failing to distinguish hard and smooth markets and then losing their capital which leads to miss out the right and easy opportunities.

You can but you shouldn't since you gain money from Gambling and Trading in different ways. You gamble, you put your money on Red on roulette, your money will earn if the ball lands on Red. You still earn even when the ball lands on Red and Bitcoin/Altcoin price is down. In Trading, if you know already that the market is all red, you have the choice to continue at your own risk despite the flags that was given to you. In gambling there is no flag, because your winning is based on chance.

Yes don't spend times for trading if you don't have skill about risk management and trading plan, because trading without it will become the same like gambling. Trading will be become good business if you have already enough knowledge to manage the risk. So learn more first how to manage the risk and then you can start trading.

As I know trading is most likely a gambling very addictive and low % to win but it depends on the price also crowd control of the price if gonna pump or dump. But trading much better on gambling sites.

I guess you are talking with respect to current market situation but we can be sure about drastic changes in markets in coming months and then trading will be another income stream like how it should be.

Due to negative market conditions, many traders have lost their faith and capital and looking forward for some other field for their survival and this is the reason why whales are still able to control the markets. When more number of traders will be joining then whales will lose their power. We need to introduce cryptos into many people so that we will be having a balanced system.

Absolutely, If you are beginners getting directly on trading can cause a huge loss. If you want to learn then there are testnet available for practice and you can also follow good traders and also articles study how too use Technical Analysis tools and then jump into trading.

Trading is a very stressful process and parallel to which its a addictive thing. There are people who have traded even after facing losses. Other fact is that there is no trader who has not faced losses. Thus, Loss and gain are part of the game. Read how to use technical tools understand, start using them and then have your own strategy on which you can completely rely on.

Technical analysis for your reference: https://coinswitch.co/info/technical-analysis-for-beginners-detailed-guide-on-technical-analysis

Yes, don't make investment a game of chance. A lot of people told me that investing in the crypto market or in the stock market is a game of chance. We cannot get the exact analysis. they were wrong.
we have to prove to them that all have a significant percentage of success and a percentage failure. When we have a slightly higher percentage of winnings, make a big investment. Be sure and confident about your investment and show people that investing is not a chance game.

Trading is very risky for me also those days that dump and  don't know what they doing in bear market season. Like a gambling don't know if going down or up the price of each coins but its a normal at this days we move up to 2019.

I would not compare gambling with cryptocurrency trading. In gambling, you rely more on your mind and Analytics than on luck. There is almost no Analytics in cryptocurrency trading,99% is luck.

Trading is not simple as gambling, because you spend sleepless nights in order for you to produce a good guidelines for your trading. Avoid trading if you are not knowledgeable about it, keep making yourself better before you trade, this is for you own sake so you can save money.

Only with sure, in my opinion is still not enough for you to make a profit, experience and knowledge are the most important and then let luck find results for you, because you equate trade with gambling, while gambling is pure luck. If you have had previous experience whether it's good or bad, at least you can make the experience a lesson so that you will be better someday.

It is common to have losses and there will a time in trade where your losses will big , of course you can't just always has profit.but I think many trader are thinking in Fiat value rather than increase their btc which is short shighted,btc value will be big in coming years so it is prefer to increase quantity rather taking fiat profit.

It is true that without getting sufficient knowledge and experience one shouldn't actively do trading, as it wouldn't be profitable, you have to suffer losses. So, at first, one should concentrate on gaining information and knowledge and then do trading.

According to me you did not do well because we are really hopeful market will rise very soon so that time holding will be a good option.  It’s really good to know what actually trading is because there are so many meanings of it. Try to polish your trading skills with help of careful experiments but not to quit in any situation.

Every newbie need to equip himself with proper knowledge on trading like technical and fundamental analisys before doing it in actual trade. Even the experienced traders still loses some trades ocassionally, newbies should always prepare whatever the result of their trades. Good traders continue to improve their skills even they had already years of experience in trading.

That is the first condition for everything, not just trading. Be aware of what are you doing and the possible consequences.
The big mistake many people make is that they think trading is easy job that will make them rich over night and they don't need any kind of knowledge for that, only some luck. Of course that is not true and very soon they get disappointed and quit trading. So it's very important to understand the market, how it's functioning and what are the rules. Good and dedicated traders are aware they need to learn all the time and market could still surprise them. Also, you should be aware that losses are always possible.

If a person has calculated risk analysis before putting money into the crypto market, it is called trading but if the person is just blindly throwing money into the market with foolish expectations then it is none other than gambling. Like it is always recommended to newbies, don't invest more than your loss-bearing capacity and start doing on research instead of blindly relying on others opinion or tips. Even a mistake is not a mistake in initial days and trading at lower levels helps to gain experience that helps later to the trader.

in fact, it also differed in views for some people, when a bearish market might start many people stay away from trading at that time, but also it can be used by several other people to get at the lowest price even though not all coins succeed. I am sure only 80% of people know the purpose of their trading at the time, but the market cannot be predicted so we cannot blame it personally

Trading is not gambling that needs pure luck, in trading of cryptocurrencies you should consider skills. You cannot earn profit in trading if you do not have technical analysis skills and also trading skills. The reason why many people losing their money in trading is because they making investment even they do not have enough trading skills.

but they also need to have enough capital to survive the market until the learning process complete for some people it will be very quick but the normal people who are just entered into the crypto market will take much time so just only invest very small amount and learn the crypto trading then only invest more money to start your crypto trading and make profits with it.

I agree, trading is not a gambling because different strategies and skills in trading would help you to earn a profit and minimize it's risk. If you have a proper knowledge about trading different cryptocurrency you would not have to worry about the luck because you have an ability to overcome those losses and converting it to gaining a profit by using your own skills and abilities in trading cryptocurrency.

We not need to avoid trading,  but we have to learn it first before to do.  There are a lot of trader out there that has successfully and make a lot of money because they learn about trading plan first. A lot of my friends changed their life from crypto trading and although many trader loss now but that not mean they will also get loss again later.

Yes, trading is addictive and really something similar with sports betting and therefore requires cold and deliberate decisions

That's right dude, you also can't rely on signals from other traders to trade, all you need to have is skills, knowledge, experience
and strategy. without it, it is better not to enter in the trade,because you will just lose your money

avoiding trading is indeed a good choice, at this time I have not dared to trade, now do not start trading because the price of all coins in the trading market is declining, if you trade now you will definitely suffer losses

if you don't feel confident, then don't do it, but our beliefs are also influenced by several factors, namely the global economy is in good condition and whether major state policies support crypto currencies and whether crypto demand on the money market increases, this can make our beliefs high,
 but if all aspects of the world economy and multi-national business actors do not show support for crypto,
 our beliefs can be lost. so the influence of the business world globally can be our benchmark in trading.

You always have to think wisely as it's your money at risk.
When you are not ready then you should not force yourself, timing is everything and it's very important also to consider the market situation.
Trading in bear period often lead to loses as price will most likely go down further, bear than in mind.

Nice suggestion. it happens to me always but i have learn to stay away from greedy trading. a trading without any plan. i use to trade whenever i felt like there is a movement in the market. some times i followed My mind without proper analysis and most times i ended up loosing my money.

Please stop comparing trading with gambling. Those are two different thing. Gambling is pure luck. There is a reason games that are called "game of chances" are considered gambling. You can't control the outcome in gambling. It totally depends on your luck. You either win or lose everything. But, that is not the case of trading. In trading, you can control the outcome through your actions. You don't lose everything (not talking about inexperienced users). Skills are also involved in case of gambling.

Trading is risky activity so when you see some news or people's experience about trading and they made massive profit , they need to know that they are require some effort to do it.
Let say technical analysis is require to analyze next pattern but in crypto , it's more difficult especially when the value moving unexpectedly !

Its like going to a war without proper training and weapons. Trading is the most risky of all the types of investing in crypto. If you are not familiar enough, you can ask your higher ranks or have some menthor that can lead you to the proper knowledge you want to achieve. Its not easy to earn money and dont waste it on experimental trading.

especially now, avoid trading because it will make you get a loss if you don't want to be patient, because now the market is still difficult to experience changes to increase the price of coins in it

I think that is just an expression of your despair who lost the trade. Maybe what you say is true, but I think trading is more than that because trade requires proper analysis.

It is really important that we'll know what we are doing. We should gain enough knowledge first before entering it to get rid of uncertain losses. We should do series of research so that we'll have enough understanding to perform it better. Doing it without enough knowledge might just result to uncertain losses which we might regret in the future.

Going all out to tell someone who is already trading to stop trading might be a little bit out of bounds. Yes, trading can be addictive especially when one tends to be very obsessed with making a lot of money from it. It’s almost like all this bet platforms. One wants to make a lot money with less.
The advice is to play or trade with the amount that one can lose. This is because the market is volatile.

Trading is very addictive same as gambling you can't stop when you are earning lot of money so it's good to know that many of traders don't stop holding coins that have a future someday.

Learning to control your emotions is one of the best antidote for getting addict in trading. Although it is hard to do, it is still possible if you have the determination to become expert trader someday. Many traders lost some significant amount of money because they can't able to get rid of their emotion when trading. Try to exercise extreme discipline and strictly focus on your trading strategyinstead of using it like a gambling..

right, if you feel you don't have the ability to trade, then avoid it. because even though we still force it to trade, only the losses we will get.
almost everyone has experienced a bad experience of trading, including I have also lost money because of trade, and until now I have never traded again.

You should use the bad experience that you always remember for you to improve your trading skills. You experienced loss because it seems that you have lack of something. Always remember that trading is for only people who love to take risks because they can easily manage their emotions.

If you are not good at trading you must stop trading to avoid losing. That's not bad if you hold even I think it's safe than trading and good for your investment. 

There are now many investors who regretted to enter in cryptocurrency trading because they lose most of their investments. Not all of investors are suitable to enter the trading market. The volatility of the cryptocurrencies are the main risks that all of the investors are facing.

Trading needs bold mind which do not suffers with miner things because there will be rise and fall but only your good thinking wise planning can help you get out of all this other wise you will be sad. So keep on learning and before trading try to know either you are fully acknowledged about market and about trading skills.

Just a friendly reminder. "trading is not for everyone". The person who wants to enter to the trading world should have enough knowledge and he/she should be well prepared. There are many unexpected situations that are happening in the trading of cryptocurrencies so we should always be prepared to what will happen for us to not lose our money.

It can be learned so before start to deal with trading a proper guide and risk management should be study carefully, if you a good analysis and you are willing to move forward tools are all over the place, practice well and avoid making any decisions without understanding the risk and willingness to adopt any changes that might happen while you are inside the market.

Never forget guys that Crypto Trading is not for all cryptonians,because this risky area of profiteering is only for those who has an idea and knowledgeable about the market circulation and price movements.meaning this field only for those who are willing to learn for longer time and not just for thoese who wanna earn overnight

So if you think you are not having his kind of behavior and attitude then better forget about it and just HODL

Yes.Trading needs a continuous learning.You will keep on learning new ideas and strategies in everytime you trade.So the more trading experiences,the more chances of developing your own strategies and skills.Trading is also a risky thing so i suggest do not trade unless you are not ready to take the risks.Traders who successfully gained huge profits in the end are most likely those traders who are never afraid of taking risks.

Trading cryptocurrencies is not as easy as other cryptoenthusiasts are saying. One factor that makes trading a bit harder is the volatility of the market. Also, the unpredictability of the market show a huge rise and then followed by a much more decline. That's why trading is for wise and strong people. People that are not afraid to lose.

Usually, if the market is in the downtrend, I will watch closely to find which coins that can increase in the next days and sometimes, I can get a clue by watching the chart, the order history and the position of buying and selling. But in the other time, I was only watching without making any buy order because I need to be sure if I want to buy the coin. So I need more time to analyze the coin to decide.

what about luck  ? you cant just forget luck because this is the only key recipe in order for your trades to become succesful  . they say trading is like gambling where it needs luck and i agree on them because no matter of skillful and well experienced i am , i cant still predict the total outcome of the price of the coins that i will trade   .  begginers can also trade , thats why i disagree about the title of this thread  .  all pro traders starts as a noob and they persist to continue even if they are lacking of knowledge because that is the only way a person can learn .

Well obviously dude you know what you're doing. It's just that there are people who see trading as a simple buy low sell high venture. That's true in a way but it's a lot more than that. Like you, one would have to know the fundametals and not just blindly selecting random coins while they seem to be down. People lose money that way.

FOMO inspired overtrading is a common mistake, especially with new traders/speculators who set themselves profit targets.
Never forget: there's always another trade.

Exactly. A person should know basic things and methodology of trading for being successful and off course, experience that you gain through the process itself is more than necessary.
And I haven't heard many people that have same attitude as you. Mostly are complaining about bad experiences in trading and are looking for solution of that problem, not willing to give up. Since we all are different we should act so too. Maybe this area doesn't suits you and best way is to quit forcing it. I totally support you here cause I am the same guy. If it doesn't work the way I thought it will, with all the corrections and all the adds that I made, I will quit it and move to something else.

Trading offer high profit and that mean the risk also high but that no reason to avoid it, because trading is not gambling and we can reduce the risk. Many trader already successfully and they make alot of money, and some newbie trader has been loss but there are others opportunity to make profit. Just keep learning and later we will make good income from trading.

Trading to me is seasonal. There are time when trading seems to be the perfect options to make high chunk of profit (in flunctuating market) and times when trading is the surest way to poverty. Being an expert doesn't always count, but knowing the best time to enter and exit the Market is important as well as removing Greediness from oneself. No matter your expertise, a greedy trader cannot Excel trading in a bear market be because he/she will just be like a swinging pendulum moving to (profit) and fro (loss)

In all sorts of things if you don't know on what to do then its better not to proceed because you would just really waste up your time/effort and money.
Same goes with trading which is very risky if you don't know on what you are doing. Better to study and research first before doing anything.

Yeah because trade is not gambling that only relies on luck. need extensive skills and knowledge. without that the trade will only make you lose. what is he say is right if you are not prepared for all the requirements then do not trade.

Applying it to any events that you will going to take in your life, without proper experience and broad ideas about this matter it's better to not to proceed, treat the market as a big ocean where you are not sure what will be inside of, sharks and whales are always been a threat to your life so better to be well prepared and knows where to place yourself to avoid being eaten alive.

In every aspect of life, knowing your capabilities and potential growth is very important, same  principle inside trading if you see that you can handle the risk and you easily adopt things which is needed to cope up and you have the guts to handle the risk of losing money, sometimes people who have the courage are the big successors always up to you and how will you manage to conquer your dreams.

Actually, everyone is uncertain regarding the future of their investments specially in trading due to volatility of the market in which the price become more unpredictable therefore even if you know of what you are doing but still the chances of losing your money is high. To minimize lose specially in this bearish market then i suggest to invest only what you can afford to lose until the market will become bullish again.

Right, while you trading you have to watch it all the time, be careful to avoid losing. and you must be sure to fix it properly because it's for me to make it one of the hardest to do because it all depends on your profits so you need to be sure of what you have done and before you start making sure you only have one focus on your attention and do not do another job. and be sure to do everything.

not all people are good at trading, but if you don't have the ability to analyze the market there are still other ways you can still trade, for example, following a signal that is trusted.

Trading is not an easy game. It takes bravery, toughness, and determination. It requires discipline, focus, and passion. Before engaging into the world of trading, it's very important that we assess ourselves first of what our capabilities are and to build a strong foundation of knowledge to be well-educated about its functionalities. On the other hand, don't force yourself to be a trader just because others used to engage into it, it has to be something that you love doing and where your full interests are in it.

Trading is speculation in business based on mature observations and calculations, therefore buying or selling must be profit-oriented.
Although in reality there are many failures in the analysis where it is estimated that the price increase actually falls, or vice versa. So, you must be sure that the decisions taken will be useful.

I agree.It's very important to know the most important things in trading before engaging in it but sometimes we cannot expect positive results especially when the market changes its price suddenly due to its high volatility.That is why trading is full of risks but if you think you are ready to take that risks,then trading fits for you.Just keep your patience and learn to invest first even in a small amount you can afford to lose.

Actually you are right in my opinion. Cause without proper knowledge we can't get much benefits from crypto trading. At first we need to learn it from basic to advance level before start trading.

You should only invest the money on trading that you can afford to lose. You should not expect too much in trading because losses are inevitable. Yes it is addictive and that's why we should have self control before making investment in trading. 

You title is correct. You should always avoid trading untill you really are sure about it.

Stop trading will not solve anything if we want to stay maximal in all situations, especially for active traders. learning from market fundamentals is the solution and indeed if the trend is very bad and you don't want to face the risk, just stop for a few days so we don't miss any successive updates and it's a pity to miss. stop also do not need to linger so that our thoughts and analysis are not cold.

We don't really have profits each time.Growing up from the mistakes is what mankind is made for. We should learn for the failures we face so that we always try our best in the next chance. When i started into crypto trading, i had some bigger looses but i did not stop over there and tried to learn a lot more things from the markets. Sometimes the bear markets taught me a lot things so i can now take a correct decision to invest into.

LOL  ;D Looks like you have had some really bad experiences  ;D like me  :(
Let me guess, every time you bought any coin the price went down ? Every time you sold a coin the price went up ?
Things like these keep happening in crypto and you are not the only one. There are many others travelling in the same boat which is going to sink. ;D
We should learn from the mistakes and try not to repeat it. Thus we tend to learn new things and this improves our chances of earning more profits the next time.

of course, because there are already so many people who often fail because trading here is very difficult, especially as conditions like this to get profits or results are difficult

But for those traders who are greed while doing the actual trade they always got loss because of this behavior, so the result in the end most of

the time was loss their coins. But they've always never learn from it. Although your advise was really good reminders here also.

Sometimes trading is also went with wrong direction like gambling when you are not as doing it properly it will makes you more addictive than gambling so if you have the managing quality then you can change it easily but some people don't know how to get back from that so they need to train more.

Each of the successful traders had a bad experience. And each of them made the right conclusion from this experience. You should not stop if your past experience is unsuccessful, just make a conclusion and don't make such mistakes.
Planning helps me a lot. Before opening a deal, I write down the price at which I want to sell in case of further price growth + the price at which I will be forced to sell in case of a price fall (stop loss). Also, before each deal, I work out my possible emotions with different results of the deal. This is a great help to cope with emotions in reality.
Also learn more about crypto trading. Despite the fact that I already have trading experience in a few years, I try every day (as far as possible) to study some new information.
No need to be afraid, just take it and do it. Just remember, you already need to go to another level in trade, your previous one is not suitable for you.

That's why you have to be sure about it before to start dealing with it. Being sure means that you accept that it's inevitable to lose money when you trade. No one gets a perfect trade all the time. And you also have to accept that there will be swings in emotions that you have to control to avoid major losses and foolish decisions.

yes it is advisable not to put trades unless we are confident enough what we are doing confused trades will put us in trouble

making decision in panic means that trade will not hit target and it will take SL for sure and trading is all about going with plan not just jumping in trades randomly   

Not all the experienced traders would go for confused trades but instead most of us always go for the traders only which are deeply researched by us individually by studying the graph, volume, etc. Investing and making profits by trading is always considered an easy task but it is really a time consuming and difficult task which can only bear good profits if we try hard to gain them orelse we need to undergo loss and start over.

You're right, and also avoid trading if you do not have enough courage and sufficient ability to do this. Before you start trading, you must be prepared for anything that will happen. Fucos and timing is also very useful in this kind of field. Also, you should have to set aside greed. The more you gain knowledge, the more you will have courage and confidence that your trading will be profitable.

Avoid trading when you are not in need of money in short term,but you can learn the trading when you not have knowledge about it but you need to face any risks happening from trading like loss in money,time need and hard work.

Rather than avoiding it is good to go with small amount of investment. This will let you good return on the investment if lucky else one can earn good out of the active involvement into trading activities with that small amount. Also even if something goes away from the trading perspective it won't affect big as the investment is small.

I agree on that, trading is a good way to earn a huge amount of profit, but is we are a beginner normally we don't really even know what to do and we are surely loss a huge amount of we do trading with a big amount, I agree that we need to start in a very few amount before we proceed to big amount because new trader is on the learning stage. Maybe in the near future we can really know exactly what to do and earn, but for now I think we need to be careful.

Trading doesn't work like that. You don't need to be an expert trader or whatsoever in order to be profitable in trading. What you really need is to understand how will you determine if the market is going up or down with the helps of indicators and other tools.

yes you are right but trading is not the same as like gambling it different from gambling in many ways because gambling is always been adjective but trading is not like that so my opinion is when comes to trading people will use their strategy and knowledge but in gambling it is all about luck only.

In gambling, you need good knowledge and skills to win a game, the same also to trading, a proper knowledge of price action, analysis and strategy is needed to win a trade. Many newbies have the tendency to join the trading despite their lack of knowledge and the result is often lost of significant amount of their money. Learning how to trade is still the best way to avoid further losses in the future.

Trading is very risky though it is still very possible for one to make money from it.  In cryptocurrencies market investing is a game and it is your skills that will put you in the advantage.  I think cryptocurrencies is far better than gambling as you can control your risk to some extent.

Well, some treat trading as a fun or a way to beat stress

It seems you have had a bad experience from trading crypto currency if am not mistaking. Trading crypto currency required good knowledge of what it entails such as technical and fundermental analysis of the market for those who are new to market.

I'm very sure that until now there's still a percentage of individuals who think that trade's something terrible, not even a few who taste it as a trap. For those who are still unfamiliar with the world of commerce, of course this will be a separate assumption, especially for those who don't even want to learn it, of course this's something that's not attractive to everyone.  I feel worried, if this negative assumption continues, most likely will actually kill those who have intelligent thinking.

In my opinion trade isn't like that, but psychological games are directly related to the mental and mind of the perpetrators. In commerce, anyone can learn how to make / study diagrams, read indicators and measure market cycles, but you must remember trade is not rocket science. Because trade, more likely to lead to someone who wants to spend time and high dedication especially in learning the concepts and try it.

in sometimes we don't have a clarity about what we are doing in this field because the confidence level will reducing little by little while you don't have an interest about trading at that time we need to stay at this point and make some ideas and experience then moving on will give the more ideas about trading and how to do it it will be the right way to  move on at this situation.

This is a good advice. I will give you example of Winklevoss Twins of America. These guys invested in Bitcoin when it was $120 in the market and they invested $11million which was a whooping amount back then. The mark of 19000 dollars by Bitcoin in 2017 made them the earliest Bitcoin billionaires and they still hold a huge portion a Bitcoin. SO yes do not trade when you do not need the money. Do only when you are making big.

This happens for a perfect reason! Investor confidence is down after all-time high levels during 2017-2018 and now they worry to enter again in cryptocurrencies. I expect bull run will recover investor confidence level and we will take advantage as an early bird in this industry.

Trading is very risky so before we make such trading,we should be more knowledgeable and even experienced trader so that we will come up not just losses but also maximal profits.Our bad experiences in trading might not be a reason to give up but rather a good motivation to be a good trader after long years of experience.

Even if you are sure of what you are doing, if the market is not on your side, you cant do anything about it. You may have the tools and knowledge in reading those candles and graphs if there's a group of whales who wants to bring down the price or a negative news that will have an impact to the price, we cant do anything about it. Just trade what you can afford to lose just like gambling.

I think, I will continue to trade now, because now we can also make good profits every day, seeing the prices of bitcoin and ethereum are now starting to recover, so now I will not stop making money with us trading.

Investing is so much safer than trading, but sometimes opportunity presents itself and a coin drops well below support levels, so it's very difficult to resist such a potentially profitable trading opportunity.

Lol that's a silly thought, we trade to get rich, not to cover the need, if you play trading only when you need money. it is nothing but a
game. I think trading is something that is risky and you need skills to be able to profit in it

I agree with the author of threads that have something similar with gaming, but here, thanks to the patience and discipline to consistently earn!

I think what he means is trading is not really suitable to people who only want to earn money in short time, or maybe who think trading is easiest money in a short ways. Because like what you both already said, it need skills and risk can always come.

Yes I agreed, this is totally true and correct. But sometimes or most often for the greed person who came here in crypto trading especially for the newbie they made trade instantly even without an idea or knowledge yet because of the greediness they have to their mind, which lead them most of the time into loss of their coins in the market.

Having awareness and following rules is one of the best tool for making profit in trading as well as in gambling but if you think of making only trading income better think before taking any step ahead, trading is about knowledge and information, if you will have good information I am sure you will get safe profit without any risk otherwise it is like jumping in river even you don’t know how to swim.

Yes, trading is just like a sort of gambling that you need to get knowledge also it depends on your luck on how market flows price. Gathering information is not just enough on trading or even how knowledgeable you are if you don't have a good timing in trading you end up nothing. Good timing and skills are the best combination of trading that we must apply on but hard to execute. :D

Keep in mind that the market moves many times responding to the emotions of people, knowledge helps identify when and at what time operators of this style enter, if you understand the market, your losses stop, do not believe in what what other people say, but you will give the word that everything obeyed the offer and demand.

my general opinion is if you want to be a traders you need to be trained and talented but most of the people start big investment without any experience it leads to a huge loss especially in this situation where you can invest your money I need to be more careful otherwise it will go down only.

There is no other truth than this post. Trading is not gambling. Trading is an act that must be learned with time and money. You have to understand what you are doing if not please do not trade or you can trade with paper money till when your confidence is strong then you can go live.

Even if I'm sure about what I do, sometimes I still feel stupid, because of negative profit. That was because of FOMO mainly, I know I'm gonna get rekt but I still trying that thing.

Well at the end of the days, proper risk management was a good way to minimize the damaged.

There is no gains if we don't risk any. We came into trading just because we are ready to take the risk manage our funds but it sometimes we fail cause  luck of knowledge and market analysis. If we can't manage those losses to be recovered, it probably will losing everything we have. Better to stop and find another ways to be profitable.

But there are alot of people also reached financial freedom and changed their life from trading. In all kind of different business the result only 2 , that is failed and successfully, that depending on the risk management and personal our emotional.

I am sure that they can do that especially if they have skills in trading. But unfortunately, not all of us have the same skills so we can make a profit. We need to learn more about trading if we want always to make the profit which will be difficult at this moment. You need to have more than skills to determine which coins can increase in the next hours. If you can learn from many website and practice, I am sure that you will be able to make those profit like other people.

I think trading is almost similar to gambling, but trading has its own analysis and prediction of what we trade. so there's nothing scary to live, how do we deal with the trade,

Trading is not requirments you can learn while you in trading by keeping research and I suggest to everyone who wants to trade just better to learn some before start. But for me when I started trading my knowledge is not enough and I do learned more when I started trading. Better to sure of what you are doing to avoid mistake because possible can cause to you lose money if you purchase a wrong coin.

I keep seeing the phrase " experience is the best teacher " i somehow agree on it  .  so what if you fall and make mistake?  More important is you learn from your bad experience because that is only way to improve yourself . pro and veteran traders do  always start at newbies  , they dont also know what they are doing when they first enter the trading scene  . so thats it @op we all can prove you wrong .

As long as you know what you are doing you can go trade anytime you want. Just don't be greedy, that's the no.1 rules so in the end your result would be good. And always apply positive thinking whatever happen in the market platform whether it is bad or good. 

Trading is like a game and a very risky one as such you really need to be able to analyze the market before you make good profits from it.  If you are not ready to learn and develop your skills,  you will not be able to succeed in trading.

surviving by continually improving analytical skills, and even doing a lot of research on the losses experienced, trust comes after being busy by looking at a continuous analysis chart. Trading is not as easy as it seems, but from here we must try most uncomfortable in pursuing profits and continue to learn the basics of the market.

Since  I'm not good at trading I much prefer to just buy and hold in my Hodler wallet. Less effort but my funds are well kept with great security and no one has control over  it. Trading demand lot of time and effort, this has to be done with wise assumptions. This is why I just buy as much as I can afford just hold them in secure wallet. Since I prefer multiple kind of coins, I choose to have a Hodler which is multi open source wallet that provides full control of the private key making sure that I'm alone has taking over the assets.

That is why sometimes i don't trade with uncertainty on my mind cause sometimes it really affects your trading style. Holding takes time tp get a profit, but at least it has a sure income however you'll not get the experience you need to be a pro trader.

Yeah there's nothing called easy from this field, you just need to move forward and always learned from any results from your previous trades, keep learning as the market always change paces so you have to always be ready adopting such trend to survive as there's a lots of people who already loses their money from this field.

Trading without a good knowledge about this field is very risky. But you have to start at some point to get the experience required for the coming trades. My advice for novices with crypto trading is that they start reading and getting more knowledge first, and start their first trades with small amounts just to get some experience.

It is very risky to trade and make new investments in these market conditions. These investments are in fact the same level as gambling and the risk factor is high with the same proportion. If we need to comment on today's market conditions, there are only two clear possibilities under these conditions. The investor will either suffer a serious loss or have a very serious profit margin. There is no loss with low profit margin or low loss margin compared to market conditions a year ago.

Not every newbies even want to listen to this at later end they will rekt out and cry out for losses, trading should be at the sense of full understanding and also get to master the market movement.

At my start what I did was some good practices so I can understand better I didn't jump into trading with my main capitals what I did was I took 5% of my funds and practice as I attend some lectures online.

Right.It would be like gambling if you start trading without full understanding about this matter.You should know the basics first and make a deep research on trading so you will be able to generate profits and not maximize losses when you're in the real field of trading.And as much as possible,trade first with a small amount and as you make profits with it,that's the time to increase your trading capital.

I'd rather say, Trading in General.

TBH, I have minimal knowledge about Crypts or simply at Bitcoin, though I have an experience in handling stocks. I'd say it's risky if you didn't have an idea about trading at all. Since the basics of Bitcoin can easily be understood if and only if the person is really eager to learn.

Though, Trading in general is risky at any aspect. But I'd agree, try to avoid engaging such activities without proper knowledge. I'd suggest that before anything else make sure that an action is always accompanied by information and knowledge, nonetheless, expect the worst.

It's a lot better to hold, the only people is the sudden change in price but it actually regain it's high price again. Just hold for longer period of time and not have them in an exchange but in a secure wallet like hardware wallet or open source wallet. I found Hodler wallet and this is good version of multiwallet, they also have hardware version of it.

The title is true. Don't do day trading unless you're a skilled and experienced traders. The prices of coins nowadays are not always on the rising side. Unskilled trader may lose bigtime with current situations. If you still want to try to gain experience, trade only the amount you can afford to lose.

crypto trading is the same as gambling, obviously very different from trading with gambling, if we trade we will be able to get a profit from the price difference and if we experience a loss then our money is still only reduced but not lost. different from gambling if we win we can get a lot but if we lose then all our money will be lost.

That can be said to be very different from gambling. but hope that it can be seen that the risks that might be obtained are quite high, especially when we mistakenly choose coins and the coin can be dumped in such a huge amount. so please be careful and make the right decision. the difference is that we can analyze trading, while gambling only depends on luck.

All the you said is all risky but they divided into different or level of risk.

Trading is also risk that can possiblw for your money to gone once you do wrong action and for sure you will not earn money on that. Make sure once you entered the trading you have even little knowledge about it and you will develop it once you are in the trading because if you keep researching your knowledge will grow for sure.

It's not a bad experience if only you don't used huge money to buy those digital assets and thinking it was easy to profit. For newbies, you should start with an amount that is like an extra money for you and then if you loss, you will think that you've learned a lot with those experiences instead of thinking of your losses .

Trading activity only for risk taker that ready with the loss, but if we compare with others business , every business has each risk so i think we should be learn about trading and understanding the risk and the potential profit. Alot of people can make amillion dollar from trading activity for a few years so we have also opportunity to make it.

Trading is not exactly a gamble, where much depends on luck too, in the digital market can be analyzed technically, affect some news, developments on the platform

Every successful trader had one or two bad experience to recount in their trading history in most cases they got their investment or funded account burnt however they move on and gained more experienced invariably learnt there lessons majority of newbies traders do trade with more percentage of their total portfolio against the rule of a trading plan.
I implore you take every caution and improve on your trading emotions when trading again and devise a working trading plan with a sound money management so as to have an edge over the market and don't forget to trade with maximum of 5% of your portfolio and trade with a wide stoploss.

Well, you can say that this is true, especially considering that the trading market is as harsh as it can get these days. It really can kill off one's hopes to succeed, especially when you follow through on a wrong lead or a wrong coin, which happens a lot these days. However, one can't gain experience if he would not plunge it and take the risks at times. In this market, I think there is always that certain aspect of some activities being a "leap of faith" where one must conquer and embrace the risks, maybe for the sake of getting a good result or at least the experience that comes with it. As much as it is better to have a concrete plan of action, the knowledge and the experience, you can't get any of those without enough experience under your belt.

Hello, is there anybody who use statistical method to forecast crypto?

Learning without trying will never work, so anyone can try trading. but you have to know your position mate, which means you have to know that you don't have a lot of knowledge and experience, so you have to use small capital first to try and practice

Yes if you are trading without knowing what you are doing then it is just like gambling .
There are so many platform that allows you to practice your skills why don't you try it first to learn .
And there are so many tutorial that you could watch in order to learn how to trade properly .
Remember that all professionals started from the bottom too and spend time studying and learning it so if you want to be successful in trading there isn't a short cut in it.

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest

Beware of scammers who will come out to speak of themselves as good traders but end up scam you from your hard earned money. According to the subject of the thread; "Avoid trading unless you are sure of what you do", there are many traders in the market that aren't sure of themselves, so, keep your money or invest it on Bitcoin for a long term and get the reward in due time.

don't ever tempted by another people story.most them want to be seen as successful by others eventhough they have no any proved about their success story.

Thanks a lot!

More precisely, I think that we still have some knowledge in the early stages, what we lack is experience and reliability from the knowledge we have learned, and the only way to gain experience and know the accuracy of knowledge is as you say, use small capital and participate directly in the market. And I feel that this topic is not true because I believe that no one is sure what they do in trading, everything is predictable, and we can only know our predictions are correct until we join trading, avoid trading just for us when we use emotions to trade

It is much safer than poker if you concentrate a little more on established cryptocurrencies. If you need poker or gambling-like experience then you should trade the unpredictable low volume coins

If you stop trading, you will not experience the expected profit because to be able to enjoy profit only through trading. Indeed, there is certainly a possibility of loss because in any business, losses always exist, but without plunging into trade, they will not know the results.
Therefore do not be afraid to take risks because risk is part of trading and that is something that is natural, that the risk can be an encouragement to avoid loss.

Trading as we know it's not easy but we can't give up. I have found a new website which has helped me a lot so you can check on that below. The revolution of bitcoin is real and we will never stop!!!

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Stand firm in crypto trading.

They are out there but they do not have any necessity to prove themselves to anyone else, after all if you were a successful trader would you tell everyone on the Internet how much money are you making? You will only make yourself a target for hackers and that is never a good thing, so is likely that there are many successful traders in the forum but they are not bringing attention to themselves out of fear or just because they like to keep their privacy.

Trading should not be compared with gambling, where you are likely to lose, because you are opposed to a certain algorithm, here you can set strict goals, sometimes wait and win much more

For sure they are quietly enjoying what they are doing right now,  most of those who are sharing their success, are also trying to gained  interest from newbies who's been easily to believe and some time they are just selling their knowledge to earned more money, successful traders are just around and making more for themselves and continue doing what is best for their investment.

I have a friend who trades bitcoin pair usdt, and I know that he is a success trader because he can always make a profit and he can make trading as a job which ordinary people will be difficult to do. Although he says that he does not always making a profit, at the end of the month, he always makes a withdraw at least $500-$700. That is why I called him a successful trader because he always achieves his goals every month.

Yeah there's no logic to why people would brag their successful trades unless they're with other friends who are trading as well. And with the number of traders in this market, of course there are a lot of successful ones. I can say i'm a pretty decent trader myself and i don't have to prove that to anybody.

You should suggest him to  have patience and sell only with high profit, it is very normal if the price changes  but waiting gives better result, that much profit is good but I think your friend can earn more than this he only will have to wait until he grab the opportunity and take advantage, choose the only promising coin and then make plan to trade with profit for long term.

I can not stress this enough. First try with cryptocurrency trading simulator. As a co-founder of such exchange I can tell, not many of our users are successful as it's not that easy. People soon learn that it takes a lot of practice and analytic mind to be a successful trader. Why would you ever risk real money without practicing and making sure you can perform well in simulated environment.

Paper trading is of course is boring, but now we have tools for this.

One thing that you can not learn on simulator is to manage your emotions, but if you can not be successful on simulator without real money on the line, then trading is definitely not for you. 

Is not very addictive man but yeah is like gambling lots of your cash away i think the whole idea on cryptocurrencies trading is just seeing the market movements and then developing a pattern for yourself that will work in your favor and you gain through it

right. I think this is one of the interesting things. people without knowledge in investment => investment = gambling
It is also a way to warn people who like to make money easily. to get money from everyone, it's not easy.
We should cultivate our daily knowledge so that we don't have to face big failures.

Each trader do have different level of skills when it comes to trading and i dont see a point why you would need to prove something to anybody.As long you are profiting and do sustain with this very fierce competition
of this very trading market then you are on the good side no matter what. Avoiding or being scared would just block you to learn how to trade.It do just matter of trial and error.

You can't learn anything until you try it so it is good to try the trading since it is good way to make money in short term but its just not for everyone when you are not capable of making profits then you have to stop doing it and be a long term holder.

Agreed, day trading is surely not for everyone. When starting out, I would actually always suggest to start with longterm positions and then go on trading simulators to keep yourself busy and see how you can perform in short-term trading.

Please note, that even if you successfully perform on simulated exchange this doesn't mean that you will perform well on real exchange once real money is on the line. You can only confirm whether you are capable to recognise the pattern and make good trading call when you are not effected by your own emotion. On the other hand if you can not perform well on simulated exchange then I think there is no point even trying to do day trading on real exchange.

There are many factors that we need to take it before we really start trading. But in fact, knowledge plays a key role in trading because it's the basic condition which can help you to do trading profitably. If you don't prepare a good knowledge, you are more likely to get lost. Besides, perseverance, diligence, calmness and so on are both necessary in trading. Especially, you should remember " Practice makes perfect", the more you practice the better skill you can build up. In terms of trading, don't hesitate to take risk. If you make a mistake, let learn from it. However, you should avoid making the mistake twice.

Trading is good opportunity for you,  trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading.  Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.

I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.

Yes, learning is very important in trading on which can help us to become aware on how to join in the flow of the market since we are new that could make us to minimize the risk and can help us to develop our own strategies in order to earn a huge amount of profit in trading.

It's better to be more ready before you go and start dealing with trading, many factors are affecting this business and it's really hard to predict if you don't have enough knowledge, there's a lots of venue where you can learn how to execute well you just needed to keep doing your best searching for good place to understand everything.

Its better to stsrt trading with very small money than going for simulator because the fact real money drives us different so it may give more responsibility for us to do the trades more perfect,still everything relies on luck too.

How ready do you think someone can be trading without a real practice? I don't mean demo practice like what we have in forex trading. I mean the real deal. One only gets to begin to master the game after one has blown one or two funded accounts (no matter how many years of demo trading.) So, I believe people shouldn't be scared going into trading. After all, everything we do in life comes with its own risk. Trading shouldn't be an exception.

I think that too. No work should be done without a hundred percent sure. To be sure of trading. We know trading is a complex issue. To be very careful while trading. So if you do not know what to do then it is better to stay away from your trading. Because there is a mistake in trading for a lot of damages. So if you do not understand trading then you do not have to trade. Because everyone cannot do all the work. There is a lot of patience and capital to trade. If you do not have patience then there is no need to trade. If you do not understand your work, it would be better to stay away from trading.

Thank you

In my opinion, analyse the market for at least a month how the market behaves before starting trading. If you enter the market without knowing much then you are taking the chance just like gambling.

At first its not unusual to commit mistakes if you're a newbie I think everyone does have an unfortunate experience when they are still starting and through that you will improve and become aware of the things that you should do.

But before that its important to gain knowledge on how to trade first, learn the basics. Its not hard to understand that and its a good thing that there are many tutorials available online, so there's no excuse to be naive when you trade since there's a way to learn it.

Right, it is not good to start trading when you are not sure what is your plan, as there are so many ways to gain knowledge and then you can trade safely for long term,  it is own experience when I bought some coin without having knowledge only because my friend asked me to buy then I end up losing my profit but after being experienced I recovered my lose and I am earning high amount of profit.

The whole life is a bet, with the difference that the final result will be inevitable for all. That's why I love trading, because I know that if it's true that you have something to lose, it's also true that if you win, you'll win like no one and a good stroke of luck is enough to recover all your previous losses.

That is right. Too many people, who do not understand anything in trading, start dealing with it, make mistakes and get a great disappointment. They consider that crypto is bad, and do not care about knowledge.

I remember myself when I was a beginner and I really had a passion. I had no experience, I just wanted to trade. But of course nothing good came of it and it was my sad experience.

if it is only limited to experiments, it will be fine, sometimes many beginners are better suited to learn from direct trading with certain capital. Safe steps will sometimes only extend the duration of actual action, and confidence will not continue to be connected with anxiety, especially in market conditions like this.

Trading is actually meant for those who really know what it is all about one cannot just get a laptop open up some accounts (trading) fund them and say he or she is trading. There are many rules one most abide and get to know the basics before beginning.

Well, trading crypto currency shouldn't be seeing the way you paint it because if you buy when its price is low then hold for a period of time pending when its value appreciate then you sell and take your profit. Just like what to the market value of Bitcoin and other altcoins recently. To those who buy when its value was around  $3000 will be counting profit now if they sell at the current market price.

Some of the noobs think that they can become millionaires overnight if they do trading. If you have some inside information, then that may be true. But in 99% of the cases you will lose money if you don't have any prior experience in trading and thorough knowledge of crypto. Just remember one thing when you go for trading. When you profit out of a certain trade, someone else has to incur losses. It is not like all the traders will end up in green. So if it is his turn today, it can be your turn tomorrow.

That is a huge problem with newbies but it is not entirely their fault I have seen many ads which promote trading cryptocurrencies by talking about all the money that you can make in a relatively short amount of time and the results they offer are not realistic at all, so those newbies enter in the market with preconceived ideas that are completely wrong and they take unnecessary risks that eventually makes them to lose their money

Actually, knowing what to do isn't just the best thing to do. Even you're a newbie, you can trade. Just know the necessary actions to put your orders of course. There is a thing we call beginners luck. With this, beginners got to have wins even though they are just beginners.

You're with what upu said about some certain crypto blogger or website which provided false information about what crypto currency trading and investment all in the aim of promoting their site but we're talking about something which involve money and having 2-3 advice/tips to know the genuine one before dive in won't hurt. This are what i did when I was newbie.

But actually, that beginner's luck doesn't work at all times. We are from the beginners, too. We hastily trades without thinking before. We learn by mistakes and that makes us to be eager to learn more. We are now an experienced trader who don't enter trades without basis. Relying on luck will not make us as a succer trader.

If you want to be successful in trading it is important to know the rules and how trading works because if you don't have the knowledge it may cost you a lot because trading is something that you have to study first before investing. Trading for me is not like a joke that you can just invest here and there without really knowing even the basics because if you do that then your not only wasting your time but also your money.

Lol. It's foolish to rely on anything about luck. I don't believe in beginner's luck myself. I call it coinsidence. And if a beginner isn't careful and responsible enough to make the proper preparations, it's almost an automatic loss. Also, not being sure of what to do makes you prone to committing newbie mistakes that borders on emotions. Preparation is always better than luck.

While doing anything, including trading, we have to have plans to achieve. We can't just trade carelessly without a plan when we will take the profits. For newbies, they can start with small amount first and gradually increase the amount as soon as they get enough experiences.

Dont be addictive when it comes to trading give yourself a limitation, maybe sometimes we can't stop ourselves but be more careful and mature. Always think that sometimes being greedy in anything will take you to wrong situations like in trading, so better give your self a limitation. You don't need to avoid trading as long you know what you doing  and being responsible.

No need for limitations when we are in nder control,for making good profits we don't have to trade too muh,just hit at the right candle will work for us.

But don't dpened trading as your only income which is the most ricy thing and will make us more stressed.

yes in sometimes it really happened at this time your statement is really true and once you have got confused with something you need to hold your mind for sometime then only your decision will be clear and you got the opportunity get very low loss.

Bad experiences shouldn't make you stop trading. this is the stage when you have to focus and find the right strategy in trading. Although emotions cannot be controlled easily.
One day you will find a good method in trading.

In order for trade to be successful, it is not necessary to allow excitement into it. Any emotions will be your enemy in different situations. All the magic of a successful trader lies in several points:
- possess all the necessary knowledge and constantly improve with new ones;
- constantly practice to gain experience;
- be able to control your emotions.
And those who trade emotionally sooner or later will burn.

Trading is not that much risky as much you have stated in your comment but is better than many other sources. The crypto trading in the modern era is of great importance especially with the Bitcoin, Ethereum, Litecoin and many more but the few leading coins have great preference over others. It is much benefited for traders who are making money while trading therefore they want to continue.

Speaking about that risk on trading, I guess it really depends on how you play it on the reality. Virtualization wise is only the effect afterwards, so we must choose the right coins to invest with. Avoid selecting those made you uncertain, because that will put you more at risk. Ensuring the right ways to do, is much better compared to those who didn't have the strategies.

It's more of a gambling if you don't really know what you are doing. It's like investing on a project but you don't really know anything about that. You didn't read the whitepaper, you didn't know what the project was and you're just basing on the ICObench reviews. Then you're just gambling the money.

Engaging in the world of trading takes bravery and preparation. We must know what we are dealing with, we have to be aware of the risks that we are facing and how it can be rewarding. Having the skills, knowledge, and the determination will help lead towards success. It's best to be braced with proper education and understanding inorder not to be misled.

Cryptocurrency trading is unpredictable and mostly technical analysis while gambling has fixed odd system for all major games and I believe that crypto trading is not another kind of gambling.
Bad experiences are part of trader's education and those mistakes you've made will make you wiser in the future. If you really want to become a successful trader then accept every bad experience, learn from it and continue trading.

Again, Trading is very risky you dont when it will go up or go down sometimes its just speculations of others what will be the next stop of the price. No one knows, it was all prediction they are just guessing the next price hoping they are correct since they studied it. Simple, trading is not that easy its like gambling sometimes you win and sometimes you lose.

Its like that, but like in gambling if you dont try it, practice it, you will never learn nothing about it, you will lose your chance to earn from that. Avoid trading with amounts that you cant afford to lose, its some rule in trading, gambling, when you give it a thought or two its like that in life. Try to be safe player, until you learn more, play it safe in all possible situation, when you are buying or selling, never do that with all money you have, all in`s ends up bad in most cases.

  It is nature of cryptocurrency which stay unknown and nobody can realize what will occur straightaway, so we should get familiar with each one of those progressions since it gives us more opportunities to get benefit and take real advantage of cryptocurrency, in the event that you are real trader you should learn before you get in trading, gain knowledge and experience which is the most significant thing in trading and it truly matter.

Have pre planned system is really good for traders because trading is not as simple as investment is for trading you will have to think and plan before you get in. we can decide who much we can afford to trade at very first time, so we can decide according to it for our future holding or trading that’s why I like preplanted trading and trust me it saves us from so many scamming issues as well.

Trading is not full of complications but full of technicalities and once you started to learn these technicalities then you will do it smoothly. These technicalities are almost of all the crypto coins and once learnt knowledge will make you able enough to get success in trading with all the crypto coins. There is no point to avoid trading because all you need is to get through these technicalities and then get started with trading.

what makes successful in trading following rules , be patient , learn properly and do analysis , manage your risk , dont brake your own rules this are the common points which you find everywhere and this is what any trader must do to get success in trading

when you're not ready to trade, it's better to avoid it. when you are ready to accept all the risks, and the possibility that could happen to the world of trading, I think we really have to consider all the things you say. many things really need to be considered after you are ready to trade.

Every expert will suggest you not to trade until and unless you know how to trade and when to trade plus many basic things about trading. This is common sense and you should understand it because you just cannot take off an air plan if you do not have the skills to do so. So better try to learn and start with small capital and keep on increasing your stack slowly.

i agree, you would never know what to do, until you actually try it. so don't just follow other or sit aside, get up and try.

Really whatever you said is completely correct.
I am also agree with you, with your thoughts.
These mistakes are always made by newbies and when the loose some moneys and cry.
If you lack confidence on yourself, then surely you gonna make loss. That's natural.
And now in case of trading, if you are not in a state of trading, then just do not do it.
Else there is 100% chances, bad fortune will be with you.

You'll never know you're ready when you didn't try to experience your chances, trading is a venue where opportunities was open for people who's eager to learn the process,  no need to rush things out but it's also a good way to be well trained if you have hands on  experienced, you can make a proper call when you already experienced mistakes.

You have to face your fears of losing your money and take the risk of investing real cash to see the results.

This is a serious issue that newbies in trading should take note of. Trading its not for Every one if you do not have patience and the tenacity to withstand heartbreak then dont bother diving into diving

Trading is a good opportunity to make a profit. But if you enter market and don't have enough knowledge there is 'a a high chance that you'll lose money.
You should do a market reserch, find out more about the coins you want to invest in & be mentally prepared because there is a high level of pressure.
Personally i started with Monfex and can state  it was really good platform ,especially for for newbies

As a forex trader, lack of knowledge will be your biggest enemy. Initially I had the beginner’s luck going on but after sometime  I realized I had no idea what am I up to and incurred losses one after another so I increased my knowledge about trading and today I am doing quite well.

Yes true we have to avoid trading if we don't know what to do because we might lost all what we have. I experience it before l trade my tokens its my tokens having big amount l almost lost it but l ask help to my sister and she brings back to me. From that day lm afraid to trade again.

I think that is the highest mistake who done by some people who don't have any interest again to try trading especially trading crypto. The experience is the best way to make you have a consistent profit, I mean when you make a trading either intra day or weekly you have to make a evaluation on every trade you made. Even when you got lost from it, the evaluation is needed in order to avoid the same mistake in the future.

I believe OP is included as someone who didn't take any action when he felt a lost. He just make a deposit continously without know the strategy that should he take when look the market situation. I was felt like that, but I tried to learn more and make an evaluation so as I can handle every market situation and I'll know the strategy that should I take when I decide to entry.

Even if this is an old thread, the topic really does make sense. I had to admit that I am still not good in cryptocurrency trading, so it’s kind of a high risk for me until I learn the basic techniques first.

I made some few wins back then, but mostly I lost in cryptocurrency trading. Maybe because I didn’t believe in the project anymore, but all of the sudden, their token price has gone up from 100 sats to 600 sats in just a few days.

It’s one of the most stupid decisions that I’ve ever made by selling too quickly because of the belief that altcoin season may be far away from starting.

Anyways, the cryptocurrency market is unpredictable these days. You may not know when these altcoins (or even Bitcoin) may go up or down in prices. Even analysts and pro traders aren’t perfect in their predictions or analysis as well. Just my two sats.

Nothing comes easy. every perfection in life was once a failure. the tendency of survival in any quest for money is the ability to continue after serial rounds of trial. if you really wants to make money in trading, u need to practise first. learn it the hard way and you will discover it is possible to trade and be successful.

Always remember that in trading there is risk most of the time and you must aware of this things.
If you don't want to lose in trading better not for you to try to trading in every exchange site platform.
Because as a player you will always do at your own risk.

Beginners, as a rule, want to try everything at once, experiment with many ways of trading cryptocurrency. If you decide to hodl, the basic rule is to believe in the chosen asset. In other words, traders will have to purchase one or another asset, and after that, wait for years to grow, only then sell it.

If you decide to trade daily, you should monitor the market several times a day to understand its movements.

Of course, we should not trade unless we understand what we are doing. This always leads to losses sooner or later. This is just a theory of probability. The probability that you will steadily increase your trading capital, provided that you do not understand what you are doing is very small.

If a person does not understand what he is doing at all, then he needs to completely refuse to trade.  The fact is that today the cryptocurrency market has even greater risks and each cryptocurrency user risks staying with big losses.

i don't think some people can deal with it. it is imminent to imply that most times, we don't know when we rush to our screens especially when we see the green movement. it is not easy fighting the FOMO. IT is getting too much. 

Trading too a kind of gambling, but if the user has some basic understanding he can withstand or he can decrease the loss. With gambling this will not apply. The result gets reflected immediately, it can be of loss or winning. With gambling the addiction is very dangerous, while trading is not that risky if we've made the investment over the right asset.

Indeed, fully equipped is essential when we want to survive in a special battlefield and here, trading requires us to have the knowledge and a little calculation, patience to succeed with it, if we don't have careful equipment, sooner or later, our luck will end. But this title has a false point, that we can not be sure about anything in trading, speculation is relative, if we can be sure of everything we are doing, this game is in our control, but unfortunately, everything here is always at a certain rate of victory and loss, there is no absolute and certainty

Most people are just on the idea of buying low and selling high but the issue with that mindset is the analysis phase which people totally ignore and let fate decide Personally I think analysis is the first thing every trader needs to learn and then others things and fate might play along

Experts does not rely on their luck or fate, they always aim for a strategy that could deliver consistency because that is the requirement to be a profitable trader. This is a risky venture, we should be confident with what we are doing, we can't just buy and then hope the price will rise, it's wrong, we should always look for the opportunity to buy or sell so we can always pull the trigger at the right timing, in trading, timing is everything and you can't effectively do that if you don't have a good strategy.

There is such an expression in the trading "Not sure - do not trade." On the other hand, how to be a person who is always sure of what he is doing, but is constantly mistaken. Will this rule work with him?
Speaking of confidence, we should understand this as confidence in our own chosen strategy. If you are not confident in your plan as a whole, then you will constantly change your decisions on the go, which will lead to losses and a decrease in confidence in your actions. If you have chosen a strategy, follow it, then analyze and adjust.

Yes, I was caught by the volatility of the market.
I was greedy and invested blindly. and certainly it was my huge failure in the first trading, I lost more than 30% of my total assets.
It is very dangerous when you trade without knowledge, practice a lot before betting big!

Beyond being sure we require a legit experience in trading and very clear with our goal assuring the capability of analyzing the crypto trend with comparison along with choosing the wallet and saving transaction fees that delivers a legit trade with profits and many traders get engaged with the anxiety and sale immediately when they observe a price drop so always better to have a consistency which abide us to reach the goal, at times it is also based on Long term activity.

Always sorry to hear about bad experiences trading crypto. Indeed, the temptation to start trading before actually knowing what you are doing was huge back in the day, when it seemed easy to make a quick buck.

These days, amateur traders have little chances of success if trading manually. Algorithms deployed by big firms are hard to beat. We understood this back in 2017 and started building trading tools to help traders automate their work... Take a look at the Superalgos Desktop App (https://superalgos.org/tools-superalgos-desktop-app.shtml), an open-source app that runs in your machine (trustless deployment) and allows to fully automate complete trading systems building strategies without coding...

You need to empty your glass when dealing with trading not because you made  a successful trade means that it will always brings you good outcome, remember that this place is a never ending competitions between different traders who also trying harder to earned from the market, if you are open
with every adjustment and able to adopt what will the market has to offers, your competitiveness can be enough to work with enhancing yourself and the
possibilities to keep moving upwards to your skills.

A few years ago, and especially in 2016, traders in the cryptocurrency market earned very good money.  In theory, everything looked quite simple and many tried to try their luck on cryptocurrency exchanges.  But after a while, cryptocurrencies began to actively enter into everyday life and it became more difficult to trade.  But those who did not gain experience or were frivolous about this activity, suffered only failure.  I believe that the main reason for this is human greed, stupidity and impatience.  Each of us must draw certain conclusions for ourselves.

If you don't take your loss then trade is not for you i think. gambling, poker those things are not a very good option for earn. If you have a proper knowledge about trade then you didn't math both of trade and gambling. I can agree with you that trade is little bit addictive but it's only happen when you continuously profit which not happen regularly. And quieting is the wrong step you made and proof your self how unprofessional you are for trade.

Statistically, only 3-8% of traders reach success. It happens as they make many mistakes, better say, they do pay attention to very important moments. The first step of the trader is to study the market, analyze the rate of a particular cryptocurrency. The key point of the transaction is the purchase of an asset. Some traders take risks to use bots, and they succeed, as they get less stress with it.

Trading is based on finding inefficient traders on the market and playing against them. Ineffective traders are those who do not quite understand the mechanisms by which the market works. This is stupid money. They don’t know where to go, what kind of market flow they need to join. Ultimately, that kind of money becomes food for smart money. There is no need to make any movements in the market without a clear understanding of what you are doing.

It seems to me that it is very stupid to trade, if a person has neither knowledge nor understanding of what is happening on the cryptocurrency market at all.  I think that there are no such people, because with the same success you can put your starting capital at stake in a casino and rely on luck.  If people come to the trading, then with certain intentions not only to earn, but also to learn.

Trading is very risky and the knowledge is indeed required to minimize the risks, and make the biggest profits. Personally, I started my first trades with very low amounts while taking more time reading and learning the basics of crypto trading. This knowledge is helping me actually to make more successful trades.