In my opinion, it can be one of the elements, but not the decisive reason ifba succesful trading.
Trading is complex activities, combining the intelegence discipline, emotional, behaviour, and also management systems.
It's the unity. If we only have one, it means nothing.
Because even we have done all, it doesn't mean that we will be a very succesful trader.
But ateast if we have those all, we can see and understand trading and make better trading and profits from it
maybe he will be good at analyzing and seeing market situations and conditions, and also good at managing finances, but someone's emotional level will be different, each person certainly has strengths and weaknesses. if emotions can be controlled then he can think healthy, so I think he can indeed succeed in the trading world, but if not, I think his IQ will be in vain |
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For a beginner, it may be difficult to immediately become rich from trading results, unless luck is on his side. but I have a suggestion to invest most of the capital owned. and the rest is used to learn trading. that way the risk becomes small and we can learn to trade for the long term. to learn trading takes a long time, because we have to learn from every problem and solve it, or if we want to be smart we learn from other people's experiences, it will be even faster if we have friends who have been in the trading world for a long time
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its good to hear this but what i want to know is the guide you were given if you can share with to learn more and see how other people can also incorporate it and practise it to see a netter result and earn more.
He did well and it's good to know if there's someone who guided him or it's pure self-learn as he traded. That was an impressive gain from all of those losses and he made it and can be said of being successful. But if there's no guide at all and he just learnt all of those from his research and tests. Well, that's even more impressive. if you do it independently, of course this can be a reference for others to achieve success as well. and on the other hand, of course, I hope that the incident will be repeated, not just a few times. because after all, consistency must be maintained, to be successful, and can be used as a guide to the financial freedom that is expected by everyone. Whatever technique you use, the most important thing is that it gives you a greater advantage than the loss |
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In 2017 the price of bitcoin rose and shook the world into 2018 the price of bitcoin fell drastically and the price of other alcoins also fell. No one at that time dared to say that the price of bitcoin would rise like it is today, today history is repeating itself, many have complained about the price of bitcoin. some even asked the government to intervene to propose stable bitcoin this is a stupid idea not seeing the experience in 2017-2018.
Then bitcoin already touched $68k+ in 2021 but bitcoin price early dropped in 2022.Bitcoin is a digital virtual currency and bitcoin is a Decentralization it will never be stable.Bitcoin price last 3-4 month around $40k avobe or down just staying $40k level.Market condition Very hard now i Think bitcoin price will be surprised us end of this year. no one knows for sure when bitcoin will surprise back. from 2017 to 2021 it will take 4 years to see the fantastic price, of course at this time many people are waiting for a repeat of the events in 2021. Unfortunately how much longer we have to wait patiently, will it be the same in the next 4 years, or sooner than that . for me the most important thing is to hold on to it until then. and at this time of uncertainty, of course, many people are losing their money, but I don't think it's like what happened in 2018, because now investors are aware of bitcoin fluctuations |
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In a third-world African country, Nigeria operated by Female CEO. Hello, friends am from Nigeria a country where government regulation on cryptocurrency is flexible according to the law, the CBN which is the apex central bank warns against the risk involved in it and advise Nigeria to be careful, but Nigeria is one of the highest in terms of cryptocurrency adoption according to statistics. With the decentralized nature of Bitcoin that have Thousands of Nigeria Citizens who have knowledge of blockchain and digital currencies and have adopted it, In December 2022 I launched a campaign among crypto friends to adopt Bitcoin as a mode of payment in our venture and outlets, on 31st of January I open a Coffee shop and the Capital City Abuja for Bitcoin and none Bitcoin customers. This is aimed at promoting Bitcoin adoption and, as a newbie member here, I wish to see your advice and suggestions.
Thank Odusko
after 4 months of operation mate? did you gather enough Bitcoin paying costumer? because though your intention is good but this will depend on the people crypto users in your place, I'm afraid that there will be willing to pay coffee using their bitcoin in your country because they find this very valuable just to spend in a cup of coffee. true, for now bitcoin is very valuable as a means of payment, because I believe in the minds of most people would want big profits by holding bitcoin. if so far many people have bought at your store with bitcoin, of course, the awareness of the people there is very high to restore bitcoin to its main function. and this can be used as an example, to realize the adoption of bitcoin on a large scale, because in Russia itself, it seems that it still insists on payments in rubles, in terms of a country with its fiat currency that is in trouble |
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When you first start trading, start with a small amount of funds, analyze the market and find experience through trading. The price volatility of cryptocurrency makes trading difficult. It is necessary to have trading skills and strategies and trade within the range of funds that can be tolerated to reduce trading risks and economic losses.
You said when you start trading, you should always start with small amount, am not completely in support of that, if you are trading as a newbie you should always start with a small amount but as a professional I don't think you have to enter a trade with a small amount, but as a newbie you have to always start low. For beginners, both knowledge and skills in trading are still limited, thus the wisest decision is to start trading with small amounts because after all the crypto market is also very risky for beginners, better focus on learning about everything related to crypto trading but sometimes as a novice trader, if you use a small amount of funds, you will be less responsible and underestimate it because it is only a small nominal, so that in trading it seems as if you do not study seriously, in contrast to using big money according to their abilities, usually they will feel burdened so that it will cause responsibility. answer because it's not play money, with that sense of responsibility that makes us careful in stepping, but must be able to decide |
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US inflation soared 7.9% in past year, a fresh 40-year highPropelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.
The increase reported Thursday by the Labor Department reflected the 12 months ending in February and didn’t include the oil and gas price surges that followed Russia’s invasion of Ukraine on Feb. 24. Since then, average gas prices nationally have jumped about 62 cents a gallon to $4.32, according to AAA. Looks like the inflation will be even higher than this when the next quarter's numbers arrive. Probably double digits. I've also read that the FED might not now raise the rates because of the conflict in Ukraine with Russia. I guess hyperinflation is near. edit: fixed a big typo. "...FED might not now raise..." Sorry about that.  We see the beginning of a difficult time for the USA. If today's commodity crisis continues, it will threaten not only economic shocks, but also social unrest of the people and political instability. Unfortunately it doesn't bode well. But I think that now the European countries will be even worse. Who will really feel bad is them  rights, European countries will be worse off considering their oil and gas supply has stopped, so that without fuel they will be disrupted in managing production, so this hampers the wheels of the economy which causes economic decline in that country, and coupled with rising inflation which can increase people's suffering. Until now, there is no consensus that the war will end, so western countries must look for alternative oil and gas supplies |
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Gilbert's Research shows people from 18 to 68 underestimate how much they will change in the future, because of that they miss long term financial plans! What do you Think? Do you have any long term financial plans?
We have long-term financial plans. But we have to really look at things. Which young people have the financial means to start investing at the age of 18? There are few such people. Young people must be educated to qualify for good jobs. As a result, we earn money through our labor so that our family can live normally. At this time, we do not think about distant plans. And only when we have the opportunity to invest, we can make financial plans and this happens well beyond 30, I think. So your age interval is not accurate. I think 18 years old is too young to have the financial means to start investing because, at that age, we're still in the stage of studying for us to prepare for our future credentials. 18 would be too early to stabilize life. It's a step-by-step process unless we're born with a golden spoon. I agree that beyond 30 would be the best age though 25 onwards will also be a good time. We only need to be well determined and have a proper mindset for our future. at the age of 30 and over our psychology will be more stable, so it's like taking a step we just have to execute it, and it will go according to plan, because at that age the calculations are also good, of course there will be more mature people around them and this can help to solve problem. therefore the business will climb according to the specified time target. so don't be lazy to gain knowledge at the age of 18-30 by hanging out with those who are more mature |
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I don't think the super rich will suffer from a bad economy. They make the economy bad for their own benefit. For them it's just a game. They control the fate of people and they are not worried that it is hard for someone to live now, from these actions they become even richer. This is a game for them with big stakes and big profits. For these people, there is nothing but money.
Let's take an example like the covid pandemic here where many people have economic difficulties, and many companies fire their employees, but new rich people appear whose wealth has skyrocketed. On the other hand, for those who have money, they are playing with the price of necessities for Covid at that time. such as hand sanitizer, marker, etc. so they actually make the poor people suffer even more |
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smart traders of course will give a stop loss in every trading position, this applies to all types,
spot trading or futures trading, on the spot stop loss is not very influential,
because maybe the price could return there even though it has been dumped,
but in the future, without stop lose you will lose your capital
Smart trader always use top loss what ever kind of trading between spot or future keep safety assets and take recovery back when price drop, several trader looks as long term investor without use stop loss but risk with future trading without have bigger fund for back up away from liquidity. But still effective without stop loss on spot trading but really need waiting long term and more patience for reaching higher price later, but several smart trader take stop loss and got loss few percent than become long term holding or become several years with investor after price drop. not all traders like placing stop losses, some of them have free time, or indeed their job is to trade, they prefer to use cutloss, stop losses are only used when they leave the trading room, so it doesn't burden their minds while outside the room. basically both have the same function, it's just that the difference between manual and automatic, so basically every trade has a risk, and we must be able to cut losses to wait for the next opportunity |
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some that you find, are likely the result of their speculation in the market. if you want to get a profit quickly with scalping techniques, do your own analysis, in my opinion if the altcoin you are trading has good liquidity then you will easily take profit. So for groups like that, don't be easy to believe, because they just want to get profit by deceiving us.
Involving your personal research will really help you to achieve a lot of income from crypto trading than listen to group signal which is not too sure, if the coins price will increase higher for people to make profit at the moment. I think many people had been deceived by the group signal, to ignored the right time to make a huge amount of income but they missed the opportunity because of the group signal. Applying different tactics and analysis in your crypto trading will help you to avoid wrong signal that will make you to experience losses in your crypto trading. there are many trading signals if we want to look for them, but most of them there is no guarantee to always profit. but we can take this into consideration for the basis of our analysis, so don't digest the signals raw. in the end we ourselves must analyze according to our views on the market and of course the best decision is in our hands. profit or loss is normal, especially if we do scalping, the most important thing is our experience to multiply trading transactions, with all the problems |
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as far as I've seen trading bots in cryptocurrencies, it didn't pay off in the end. many people who offer a lucrative income, and they dare to give a percentage of profit within a certain period of time. whether it works, I think it's just a promise and gives us continuous hope, and of course we will be the losers. trading without knowledge, I think like gambling, you can win by relying on luck, but whether luck will always be present, let's open our understanding
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By volume, the Shiba Inu is much safer, because this coin is at the top, while Bitgert is still in the order of 3000 or more. Therefore, Bitgert coins will be easier to manipulate, and a hype system can occur here, so be careful, even though Shiba is not one of my investment coins, but when I compare the two, I certainly choose Shiba when asked to buy it. I guess it's the easiest logic to choose
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You should be able to find angel investors, or they can also be called donors, or you should offer the advantages of your project with greater profits to investors or advisors so that they are interested in joining your project. They are investors who have a lot of money, sometimes they are not too interested in adding large profits in diamonds, they prefer to have their name known with the brand you create. It is better.
for now, almost every project requires investors to develop the project. Knowledge and skills alone are not enough, but how do we convince investors to invest in the projects we work on, so that as our coins develop, they will become an attraction for other investors. and right now what's rife is the metaverse project, and you can develop it, if the project is on its way to softcap, it will be easier to reach hardcap, and finally by entering on a popular exchange will pave your way |
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It really doesn't make sense that an eth image could sell for $10k. if this is real, if nft is for me then I won't refuse hahaha
but if you look at the potential of the eth coin I still see the potential of eth which can reach a price of $ 10k. Due to adoption, a new project that uses the eth network
and the demand for ETH is very high right now, so I'm very optimistic that ETH can hit $10k or more, but that's not going to happen anytime soon
for now maybe eth is still difficult to break through $ 10k, considering the market situation that has not experienced an uptrend. but in the future I think eth will achieve it. we know eth seems to be the closest altcoin to btc, which many investors still believe in, especially with new projects using the eth network, it will increase demand, and this is good for the development of eth, as if 2017 will repeat itself |
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The main harm of existing “Stablecoins" is uncontrolled inflation.
Today, anyone can create a demon of control-print their “Stablecoins” thereby increasing the total issue of the financial bubble, what do you think?
stable coins will not increase or decrease in value. so saving it will not make our assets go up. In fact, its value will decrease if it is aligned with the current inflation rate. Suppose we buy goods for the future, of course, the price of the goods will rise. therefore it all depends on our goal of using stable coins, will be profitable and will be detrimental. traders need stable coins to trade, and this helps a lot |
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The growing number of users made many countries including Thailand banned cryptocurrencies for payments, but this never stopped users because I believe most crypto users use it for trading and long term investment so the transaction volume used for payments is very small because users understand that fees very expensive transaction compared to fiat.
it's the same in my country where there was a ban on the use of crypto for payment instruments where there were many patrols in shopping and tourism places, and after that it was orderly to do according to the rules, but this did not make crypto users less, in fact more and more because crypto is a very profitable investment and we can become rich in an instant, if the pump happens and we have been saving for a long time |
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I don't know if perhaps i'm overthinking this, but considering the evolution of money from the beginning of time where different things have served as a medium of exchange and now currently banknotes.
On same trend, we are slowly witnessing the evolution of money to crypto and i can't help but wonder if crypto is the final stage or there may perhaps be another revolutionary idea to replace crypto as money after crypto has been accepted.
What do you think?
Brilliant minds are out there, time will tell if there will be another innovation that would surpass crpyto currencies. However this is too early, there are rooms for improvements as of now. Monetary system right now have survived for thousands of years, and we are nowhere near from that. I guess we won't be able to see it for ourselves, 60 years and above we are gone in this world, so let the next generation decide if they will still be using crypto or make a new one. right, changing the existing order is not easy, it takes a long time and development, therefore I also think that the generation after us will use it. considering that for now the country still maintains control over their respective currencies, and it is a symbol of the country's economic strength. similarly even though russia can use crypto, but they ask the importers to pay for it in rubles, therefore there are still many countries that are not ready for full adoption |
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I think if want too quick gain you should analyze the market minimum of 3 months then you invest blockchain-based project then you can get very good feedback as soon as possible. and I will tell invest on long-lasting project,s not a new project. you can trade BNB or ETH in any exchange.
Analyzing the market for 3 months sometimes will not be enough for some people because if you want to find the maximum profit, then attention to the market must always be there and even forever because market conditions over the last few years are often unstable and often not last a long time in good condition. If you want maximum profit, we should invest. We know that if you invest in 2018 you will only be able to see the market react in the next 3 years, so the time period sometimes cannot be used as a benchmark for prices to react. and conversely we can analyze through the time frame that is not on the chart and choose montly or yearly, so we will see a longer resistance target, for that long of course stick with bnb, or other top altcoins would be better |
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Hi guys I'm trying to hard to know more about crypto trading but my friends are saying that trading stocks like NAS and GBP are better than crypto, Between Forex trading and crypto trading which one do you prefer the most and why?
I did both, both of which I like, because they have different characteristics, this is about price fluctuations. in forex, we will be safer because it has the characteristics of lower fluctuations, as long as we are able to manage the number of lots in a healthy manner, in contrast to crypto which fluctuates high, of course the ups and downs of assets will be more dramatic, and of course both I use the same analysis technique |
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