Actually, am not ok with the statement because going into investment without having adequate knowledge  is like starting a journey without a direction and can also be liking to  someone that intend to start a business without   business ideas. As a new investor I think  having adequate and the right  knowledge  before you invest is a wise approach.
Waiting to go to the market and learn everything yourself is like a woman that is trying to go to the market to buy different items  without making list of things to buy in order of their importance and check  if her  money  is enough to buy everything in the list which may lead to mistake and not being organized. An investor that has the adequate knowledge before investing will be more organized and confidence compared to someone without adequate knowledge.

Round 1

Re: Save while young better than wait
Category: Opinion
Board: Economics

Re: Quick money wahala
Category: Opinion
Board: Nigeria(Naija)

Re: Buy the DIP, and HODL!
Category: Opinion
Board: Economics/Speculation

Re: Why do many people fail in trade?
Category: Opinion
Board: Economics/Trading discussion

Re:You must have a source
Category: Suggestion
Board: Bitcoin Discussion

Absolutely correct, life in the  young is sweeter compared to old age because you have the energy to do what ever you desire to do. No wonder our one of our lecturer in school was advising us that what ever thing we need to  we should start now we are still young he infancies basically on marriage using himself as an example that if you wait to have everything before you get married and refused to marry when you are still young that you will use your retirement benefit in training your children at old age when you are suppose to be relaxing and taking care of yourself.
 
As a newbie in the forum seeing this type of discussion is very interesting as this advised can also be applicable to investment. You must not wait till you have everything before you start investing  you can plan yourself and invest at your level using DCA method like they say drop of water make an ocean. Investing in younger age is very sweet because you will have all the time and energy and also benefit maximally on your investment and enjoy stress free life at old age.
 

There is nothing wrong for being a black both the  black and the  white is being created by the same God. We should never limit ourselves for whatever reasons if our leaders are not representing us well it does not mean that is because we are black. We can not move from where we are to a level we are  supposed  to be if we keep on limiting ourselves. What we are and what we shall be is the product of our mind so is high time we should start renewing our mind.  if our leaders failed us is not we that failed we can do it right once we have a renewed mind. Rwanda is an Africa country and black also but as soon as they discovered themselves their story changed. After all some Nigerian in foreign country are doing better. We too can discover ourselves once we have a renewed mind.
 
I strongly believe that the destiny of this country lied in the hands of the youth because every nation get the leaders they deserved there is always opportunity to make things right. If we tell ourselves we can do it and do it right we can actually do it right.

Exactly, I think one of the thing that can also help an investor when it come to bitcoin is  being flexible knowing that you are not the one controlling the market the market is controlled by different factors so waiting for it to reach a certain dip before you invest is like saying you are the one controlling the bitcoin  movement and I can say this is really a sign of greed and fear of course it will lead  to missing out from good opportunity.
 
Knowing that investing in bitcoin is a long time investment, you should plan better and keep aside the money for investment as this will help you avoid anything that will alter your reasoning because as an investor you must be psychologically  stable.
Also, timing the bitcoin market earlier will give you an edge over the market as the higher chance of profitable investment will be there instead of investing late.
 

 The truth remains that trading is not for everybody, some people are used to making money  through applying much energy  as such when such person venture into trading  it will be hard for him or she to keep profit made while trading.
Trading required high level of discipline. As a beginner you should  first note the following:
 
 1.understand that trading is not get rich quick business.
Once you have this mindset it will help you  to maintain high level of discipline knowing fully that the market will always provide you with new opportunities and you will avoid chasing trade for  the fear of missing out.

2.Have different source of income.
Trading is more of psychology, having another source of income to solve your basic needs will help you to succeed in trading business. Never you have the mindset of solving your urgent needs using trading. Trading is a long time journey.
 
3.Develop a trading plan.
Never you trade without trading plan and always follow your trading plan accordingly. A good trading plan should be develop based on risk management
you must determine how much you can loss in a trade and number of trade for a day as well as your daily target and not every day your target can be met.

4.Avoid Greed.
Greed is a big enemy to trader. Some people will hold make a winning trade become a loosing trade just because they are expecting more move in their favor but forgetting that they are not the one controlling the trading market. Always be flexible and never you trade without putting stop loss and take. All you need is just to be discipline and never violate your trading plan because of greed. Risk what you can afford to loss.

5. Never you trade with small capital.
If you want a long time success in trading always try and trade with big capital. You can make profit using small capital but you can loose all your fund and the profit easily because it will affect your Psychology. Instead you can use the small money and register to pro firm and once you passed their trading challenges you can have access to trade with big capital which will help you to save  and fund your personal account with big capital.

Trading is not too hard just follow it with a refined mindset you will succeed.
  
 
  
 

Absolutely correct, is important before one start a business you should first study the environment and ask yourself and provide answers to the following questions:
1.What does people need in such environment that is lacking or that is not properly taken care of?
Knowing exactly what people need that is lacking in an area is very import for planning a business. Doing different business from others will help you to have minor competition at the initial stage of the business as well as building business network.

2.Did I have enough knowledge for this business?
Before you venture in any business you should try and have basic knowledge of the business. Never you do business because you saw people doing the business and making profit. You can start the same business that you saw people making profit and loss all your money if you don't have the basic knowledge of the business. knowing the nitty-gritty of the business a key to a successful business.


3. Did I have enough capital to start this business?
Some people are waiting for others to bring business ideas for them. Once you start a business that has potential with small capital you will end up bringing business ideas for others. Your business can never withstand competition because you will see some people using big capital to start the same business you are doing in the same areas. once your customers come today you don't have what they need and tomorrow the same story you will end up losing almost all your customers to your competitors.

Lastly always ensure you do your business with a touch of excellent because the success of every business is customers. A touch of excellent will ensure you are transparent not doing your business with fake life, not being rude to your customers.  This reminded me to a day I went to buy eggs from a Shope and there were mixture of both small and big eggs in the eggs crate and the woman was selecting small one all through for me and I told her instead that she should mixed them and she reply if I select the big one who will then buy the small one with a hashed voice and I left and went to another place to buy.  

Absolutely this is just a basic fact, because as an investor not having another source of income will make you to invest with fear because all your basic needs are on the investment. This is very dangerous as it will damage your psychology. Once this happened, it will make you to be impatience to hold your bitcoin and you will always miss the major opportunity.

Secondly I think discipline is one of the major tool someone that want to be successful should have. Discipline entails you getting the right information, apply risk management while investing and controlling your greed etc.  Discipline is not different from planning because it is discipline that is needed to be able to follow a plan. Many people actually plan well but lack the discipline to follow the plan. So discipline is very important.