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Economy / Economics / Re: Habits that can lead to your financial failure in 2024
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on: April 27, 2024, 03:39:10 PM
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Procrastination is probably the biggest thing, I just watched a YouTube video that tells me a lot about things like social media scrolling that would probably take a lot of hours in our life to the point where it is a huge hindrance to us in order to complete our task and goal. I just realized it back then that if I start to stop this kind of thing, that is limiting me from putting up my 100% into something I would probably make a huge amount of money right now, with the technology era right now we can already see a lot of people getting millions in just a short amount of time, with the help of technology they could easily do it if they just put there 100% on it.
I have a full-time job already but still I could probably do a side hustle as well online or sell something online in order to make a small profit, or make YouTube videos. if I'm going to think about it I can do that, but there was a lot of time wasted because of procrastination, in my opinion, it is the number one thing that is stopping us in reaching our goals, so we need to overcome that, especially on social media because that is probably where a lot of people is already imprisoned by there own phone, wasted so much time If I'm just going to think on what I can do on that 2hours and 24 minutes there where so much that could help me make a lot of money.
I have met many successful and unsuccessful people in my life, I asked them the reason for their success and failure. I would like to share the one answer that almost everyone gave. People who set a goal in life and work hard to achieve that goal never fail. This is the answer I often hear from both successful and unsuccessful people. And it is my personal experience that those who set their goals right from school life and never give up in the face of any failures to achieve them are successful in life And those people never succeed who after one failure give up their goal and start doing something else when they fail they start looking for something else I have often seen these people fail in life. And when we have nothing to do, we spend our precious time on YouTube and Facebook scrolling. |
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Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Solana still Worth buying??
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on: April 27, 2024, 09:35:22 AM
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Honestly i have that huge regret on solana when it was still on $20+ and now that it is really that playing into $150+ which is something thats really that a waste opportunity that hadnt been able to accumulate
more when it is really that cheap. I didnt expect for SOL to soar up this high specially it does have rumors on flipping out ETH just like on what others been saying. In speaking or in the question
if its worth buying then it would really be just that depending on you because each of us would really be having their own choices when it c omes to the coins that they are holding.
IF you do see that SOL does have that good shot in bull run on which almost 100% sure then it would be not that a bad idea for you to put up some money in SOL and same goes with those top coins
in the market as well.
It is a bitter truth that a man learns after suffering many times, I am saying this for myself as well because there was a time when I had quite a large number of SOLs and the price of SOL dropped to seven dollars and I had USDT so I could buy more but I was afraid that it might be a fake project or it might never go up again. I didn't buy a single SOL and when the market went up and it reached almost $50 I sold all my SOL that I was holding from earlier which I still regret while the market is here and SOL has gone up significantly. There is a time when one feels fear even while doing more buying and regrets a lot about one's sold assets. Nothing can be done at this point except to hope that if the market goes down we can collect more of it or decide whether should we buy more at this time and wait for later to get more profit from it. |
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Economy / Speculation / Re: Will BTC hit 1M ?
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on: April 26, 2024, 01:32:52 PM
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Well i also notice this and i believe that people who buy BTC on its early stage and hold it for long time has now millions imagine, how high the btc go up and those who buy on year that the price of btc is still low and sell on year 2017 or 2021 they surely got a very big return from thier investments, so buying btc and holding it for 10 to 20 years is a good idea, i believe that it will become profitable and it will become a good investment because btc is always rising, sometimes it will hoes down but it will come back with much higher price.
If you had known that since that year and at that time you had time to buy more Bitcoin, you would also be very rich by now. Because on average, those who bought Bitcoin in the year you said were also able to sell it back at around $70K, which was before the halving. However, it would also be a shame if those of you who know about this also don't buy more Bitcoin so you just become spectators when other people take more profits via Bitcoin this year before the halving occurs. No one can time tell but if let say it's only possible, we wouldn't be wasting our time and money on something that is not really important than in BTC. It will look like we are poor for now because we allocate all or most of our money in BTC but this faith of ours can still change later on. I am not only sure if there will be some who will still get bored from waiting. Those who remain as a spectator had some doubts left in BTC or maybe they still lack in budget. It can cause them regrets but maybe they will now get on board on the next trip. It's not too late anyways because there are also more people who are like them apart from those who have other reasons for not joining here. If we combined them all, maybe $1M is truly possible or we can be at least close to it. |
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Economy / Economics / Re: How do you work toward hodling bitcoin?
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on: April 25, 2024, 08:27:02 PM
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I have seen many people who sold their lands to purchased huge amount of BTC and hodl to recover the capital and still have some money to buy again which is the latest system many investors are using to grow their wealth these days in the community.
You need to understand that there are different kinds of investments and bitcoin is not the only profitable one out there. Even land is profitable. Real estate is really hot and valuable but it still depends on your country and location of course but selling it to buy bitcoin is quite stupid and reckless I might say. You’re never going to be able to buy that land at the same price ever again. Even if you say that you are richer, the value still has gone up from the price you actually bought it from. You could have done a lot with unsold land. And there are different kinds of investors too. One of it is already described by him. Even though BTC isn't alone to be like that, some people can't help but to sell their assets only to transfer to it. It's like they see something to it that they can't see on their previous investments . It already come to you that investing in land or in real estate is country dependent, therefore I won't judge those people easily but as long as it was their own and it's already fully paid, just in case they obtain it a more negotiable way. The point of investing is to sell for profits, so there will always be a time for us to sell our land. Maybe we can't get it cheaply anymore but the thing is, we can still sell them higher. |
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Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24
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on: April 25, 2024, 05:33:42 PM
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Both Atletico Madrid and Atletic Bilbao couldn't put up a proper game performance in their last league games respectively and it meant amd made them go short of points which makes their next game against themselves be more challenging as they won't really have an easy access to the top spot.
Yeah these 2 teams missed points in the last few games even though we know they are in a race to win a ticket to the Champions League next season, Athletic Bilbao is 3 points behind at the moment they should have been able to take advantage when Atletico Madrid was defeated by Alaves but unfortunately no, Bilbao only played a draw against Granada. I doubt Bilbao can catch Atletico Madrid in the remaining 6 matches unless Bilbao can beat Atletico in the upcoming match on April 28. We are currently having good competition for the fourth spot between these two with both are losing points and having inconsistency which is hurting them badly in last five games we are having 6 points for the Atlético Madrid and 8 points for the Athletic Bilbao which is clearly showing how things are going, but this match is going to be vital for both teams because if we have won for the Atlético Madrid then difference of points could be 6, and they will be clearly favourite for the fourth spot but if we have won for the Athletic Bilbao then surely things will be not favourable for the home side and both teams will be having equal points and things will be gone for the Athletic Bilbao to win and go through for the Champions League spot which could be big below for the home side and things could be surely not good as now we are having challenging situation at the top of the La Liga with the arrival of the Girona. |
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Economy / Trading Discussion / Re: Need Advice for Cheap Swapping on ETH
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on: April 24, 2024, 06:33:22 PM
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Why don't you compare swap fees and liquidity across different DEX. Apart from Uniswap there are others like 1inch, Sushiawap or Matcha all of them aggregate liquidity from various sources. They offer better rates and lower fees than onchain DEX like Uniswap. If that is a problem for you then use layer 2 solution as mentioned in the first reply.
I'm not sure if there is a site that displays all the fees for exchanges and maybe he is too lazy to do that, so he is here depending only on the experience of the users in the forum. Other DEX'es that you mentioned there are I think still ETH-based and I've tried a couple them before. Their fees are still high but maybe not as high as Uniswap? So indeed the OP can try them as well. Saving something is better than nothing at all anyway. Layer 2 is a new solution to reduce fees but the only downside about them is that they can be a little complicated, especially for a beginner in crypto. Oh well, if we badly want a thing, we will do anything to get them. So, the OP might still learn them. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Here is why people make money from Airdrops
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on: April 24, 2024, 05:56:35 PM
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Airdrop can be very funny at times, it actually pay well sometimes and sometimes it doesn't, I have witness someone who earned huge in airdrop after too many other airdrops he tried, he almost gave up because they have been saying they we launch it for sometimes and they didn't but my friend was patient enough to wait and monitor it and finally one day he received major. Patient is very important in everything we do but sometimes it's not necessary because it won't pay us to be patient. Like I said, I will not advice someone to do something but if you think it's good or you wish to do it no problem, different people with different grace.
Funny? Maybe you mean to say frustrating because no matter what we do, it's just that we can't get anything from them. They can pay well if you join the right airdrop and then you have gather a lot of points from their designated task. Your friend has an inspiring story. Yes, it's about having a good patience in everything that we do and we should not give up easily. If in case we do, it's not yet too late to go back and try again. If only we knew that we won't get paid, we will never do it continuously but we don't have such ability. We still can do a research to eliminate an obvious crap project. That should increase our chances to get successful. |
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Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions
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on: April 24, 2024, 11:06:53 AM
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I don't have an ideas if sack Erik ten Hag and giving opportunity for Thomas Tuchel become Manchester United manager for next season, any one see how poor performed with Bayern Munich in this season and got failure for defending their Bundesliga tittles since eleven years ago and Chelsea got difficult for winning domestic league under his era.
If Manchester United want to sack Erik ten Hag from his position at the end this season need to find most experience tactician have won many higher level competition such as Zidane with good reputation winning La Liga and UEFA Champion League tittle with Real Madrid. New manager less experienced on the top teams before seems get difficult how to compete well in Premier League and Manchester United more longer time not winning Premier League tittle after leaving by Sir Alex Ferguson.
Situation is not clear currently with how things will be work in next season it's also not clear because right now mostly media reports are not official with usually are giving their own views or trying to create hype about who is coming in next season and who is going to leave we are having worst ever end of the season for the Manchester United as they are fail to have anything positive just having spot into the FA Cup is not good enough as their performance in Premier League is going badly down. As media are going we can have few good names for the post with Zidane and Thomas Tuchel are front-runners even nothing is clear but we still can expect any other person can also join this club as coach, but they need to be had better players and also better dressing room situation for the better results with most chances we will have the good number of players will be also leaved, and new coach can bring players which will be suitable for him and for the club as well. |
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Economy / Speculation / Re: If China Supports Crypto, Where Can Bitcoin's Price Go?
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on: April 23, 2024, 07:24:42 PM
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China has banned cryptocurrencies completely, they have taken a tough decision against Bitcoin. Now if China supports cryptocurrency, what could be the value of Bitcoin? We all know that China is an influential country. Other countries greatly support China.
Also, if an influential country or person supports Bitcoin or cryptocurrency, the value of Bitcoin will definitely increase. For example, when Elon Musk, the richest man in the world, announced that Tesla would accept Bitcoin as a means of payment from customers, Bitcoin's acceptance increased and its value increased to around $64K.
Currently China is a large population and influential country. If China supports something, other countries support that thing and that thing grows rapidly.
Is there any possibility that China will support cryptocurrency in the future? If supported, at what level can the price of Bitcoin go?
if I am wrong anyway, please correct me.
Not only in terms of money, but also in terms of population and other forces, China is one of the most powerful countries in the world. We heard that once the Chinese government accepted Bitcoin, Bitcoin rose quite well, but after it was accepted, they banned Bitcoin again, causing Bitcoin to be dumped a lot. But if the Chinese government accepts Bitcoin as legal tender again in their country, I think Bitcoin will go up a lot. But in the future the Chinese government may accept cryptocurrencies because they got a taste of Bitcoin by accepting Bitcoin. I hope China will accept Bitcoin for sure. Right now, if the Chinese government accepts Bitcoin, the price could go from $80,000 to $90,000, that's my guess. Facts! I think if I'm not mistaken, they are in top 3 but that number is already great and maybe time will come that they will now outsmart other countries. Even though China accept and ban BTC, I believe that many people still have benefited from it but I can only feel sorry for those who lose their money because they can never recover it anymore but who knows? Maybe BTC will be re-accepted in this country again. BTC is the most legit crypto but if they can add other cryptos, what can we do? Maybe BTC can still benefit with that. We are now close $80k and after it $90k would be next but by time China adopt cryptos, maybe we are now at $200k+. |
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Economy / Trading Discussion / Re: Trading is not a lifetime job.
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on: April 23, 2024, 06:35:54 PM
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Lifetime job, in my opinion, presupposes a person’s self-identification with a specific type of activity. Defining onerself through one`s profession. I believe that modern realities go beyond this definition, because people have to expand their skills and master something new in order to remain in demand and competitive. A person can consider himself a trader. But this does not mean that he will not have to master other types of activities throughout his life.
I completely agree with that because even if a person is earning good enough money from trading it doesn't mean they can continue to do that forever, and one needs to have some skills that they can utilize in case their current source of income isn't working out for them, and these things happen in life and I say this because I have experienced it myself. You can't rely on a single thing to feed you your whole life, and you will need to find multiple ways that you can utilize when there is a need for you to earn money from a different means than what you do now. So, even though I agree with the fact that one can earn a living through day trading if they gain enough knowledge and understanding and have enough money to use for it, I also believe that one should be skilled in other things as well because it can't be considered something you can do forever and even if you can, you should still acquire extra skills. |
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Economy / Gambling discussion / Re: UEFA Europa League 2023/24 Season
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on: April 23, 2024, 05:20:01 PM
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There are only four team and on paper the only one who has the best chance and performance is Leverkusen so I not sure Atalanta and Roma will be able to apply pressure that really makes things difficult for Leverkusen.
For Roma, it is clear that they will be Leverkusen opponents in this semifinal, but even though Roma performed quite well in Serie A, that will never guarantee that they can play well in the Europa League.
In this semifinal, it is clear that Leverkusen is the favorite and Leverkusen is the team that can make this European League theirs, Roma, Atalanta and Marseille are just teams with quality that is still below Leverkusen.
Look, Leverkusen has received lot of praise and is also acknowledged by everyone that they are strong team, even this season they have title award for their achievements.
I sure Xabi won't let it all go away quickly, he will definitely be able to bring Leverkusen to much better start this season.
We have just 5 more matches left in this season while we are having now all four-best teams left in this competition which are going to give their best in remaining games which will allow them to have won the title even things are clearly favouring Bayer Leverkusen for having win but still we can't predict about few things with Atlanta and Roma both are doing good, and we are also having now Marseille which is not strong enough as we have them in the Past, but they can also give surprise which will be allowed them to have final of this event. Roma and Bayer Leverkusen are already having matches in last season which was won by Roma, but now we have good changes in teams with improvement of quality is also matter so can Bayer Leverkusen keep their unbeaten record, or we are going to have Roma is jumping for another final which could be also interesting. |
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Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24
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on: April 22, 2024, 07:48:22 PM
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Even though Girona are only 2 points below Barcelona, I don’t think Barcelona will like to lose that hope on them being the second in the table because Real Madrid are not even close to them becoming 11 points, but I know in the remaining 6 games Barcelona will try their possible best to be at the second in the table, but seeing their opponents that they will play in the up coming game, I think Girona will have more hope than Barcelona because of their own performance and that of their opponents.
But still, Barcelona will try their best, and I know they won’t still be able to get the La Liga trophy this season, so I think if they increase their performance, they will try at least to go further in the league.
Because in yesterday's match Barcelona lost again at home to Real Madrid, in the future Girona must also be able to do the same thing as Real Madrid did against Barcelona in the remaining matches this season. Because Girona will also host Barcelona at the start of next month or after Barcelona hosts Valencia at home at the end of this month. And right now I think Barcelona still has to fight harder for second place in the La Liga standings because the distance of two points is something that is not safe enough for them if they look at the opponents that Girona will face in the remainder of this season. Barcelona lost the game but their quality and performance was at the top which is positive point for them and as they play now we can expect they will be well control until last game of the season and will give their best for keeping second spot while Girona is having not good time while they are having in early half of the season because in last few games they are having 5 loses and 4 wins which is clearly giving how bad they are now while we are having end of the season and things were well settled for them in early half of the season. Next three games are surely going to be decisive for the Barcelona as they are able to keep this second spot, or they will lose his fight to Girona with Valencia and Real Sociedad at home and then Girona in away game are going to have big impact for their chances, and they needed to be won in these all games for their best end. |
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Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024
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on: April 22, 2024, 07:22:22 PM
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Manchester United didn’t play well in the match, because if they played well, then they would have easily won the match, they were just lucky they won the penalty, and they are now in final. The final match will be between Manchester City and Manchester United, the match might be kind of tough because it’s a final, but Manchester City should be able to win the match.
Being held to a draw by Coventry in the last minute was very surprising, especially since Wan Bissaka made this mistake for the umpteenth time. Ending with a penalty shootout, it becomes uninteresting if we look at Coventry status, which is only a 2nd caste club in the Premier League and its position is ranked 8th. As usual I will not have high hopes for Man United, because Man City, who lost their place in the UCL, will certainly take the FA Cup trophy as a replacement. In the Premier League, Pep Guardiola will continue to fight for the top of the standings because if he consistently wins the remaining matches until the end of the season, he will have a 2 point difference between Liverpool and Arsenal. Man City will definitely provide a difficult match for the Red Devils and however the difference in strength between the two this season is very different. The possibility is quite small for Man United, but because this is the Manchester derby in the Final, the mentality is definitely to risk reputation. Leading the match by 0–3 until 71st minute of the game and then suddenly having 3–3 at the end and having win on penalties against team like Coventry is surely matter of shame for the team like Manchester United but now as things are going and fans are also upset with the performance things can go against current coach, and we can expect change in this summer transfer window because it's now must for them if they want to have better results in coming weeks. Even no chance for the Manchester United to win the FA Cup but still as we have results and changes we can expect better things in this game as well which can also take good change for the Eric Ten hag which is looking for this success for having another chance even Manchester City is having huge difference of quality from the Manchester United but still in soccer we can expect any result with we all know derby is never been easy for any game. |
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Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1)
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on: April 21, 2024, 08:59:22 AM
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Checking the performance of Lyon and comparing Lyon in the first and second half of the season, Lyon had good performance in the games we saw from them in the second half and after the new year while at the start of the season, they were completely disappointing. While I don't know what was the reason for Lyon's improvement and what was the reason for it. Because as far as I know, Lyon didn't change anything. The only possibility is their coach Pierre Sage, maybe he just needed to have more time to get better results.
First half of this season, they mostly spend their time at the bottom which was their worst ever start in last 50 years and things were going terribly wrong but now in last 13 matches we have good recovery even now in form they are at the top with having the good number of points which bring them into top half of the league table even now they are doing their best for having UEFA event connection even this is looking not coming but still their performance and consistency is having new level of quality which is impressive. But, one thing is sure as we have positive change and coach is doing good job with this all things are looking positive for their performance in next season which could be much better and challenging for the few other teams which are lurking at the top spots even their performance is not as good as they needed hopefully we will have good improvement in performance which will create good competition. |
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Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season
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on: April 21, 2024, 04:35:53 AM
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Happy when Madrid qualified for the Semifinals. I thought Madrid would fail but I was wrong. Madrid have made history, they were able to thwart Man City to the semi-finals. Last year they failed because of Man City. For now they are able to turn things around. I'm sure a lot of people who lose bet. But next they have to fight Munich, it's Anceloti's tough task. But I'm quite optimistic Madrid will qualify for the FInal. Because the toughest opponent I think is only Man City.
Last year City succeeded for one reason only - Real Madrid were without a striker (and all the other contenders were also in crisis). Maybe last year City would have won the Champions League even if the competitors had been in optimal shape, but the fact remains: their only success was achieved during a season of crisis for everyone else. That's why it makes me laugh when City are called the strongest team (and Pep is a good coach), they never jumped above their heads. That is why they will always remain a money bag and greatness will be with other clubs. This is strong point while we can talk about this as well because in last season we have mostly top teams were facing troubling time due to injuries and lack of players which give Manchester City huge chance for the win, and they were good enough to avail this and win the many trophies but in this season we are having mostly teams are at his best which is giving them good advantage and Manchester City were facing some trouble due to their attack was not good enough as they were having in last season which give them bad results, and now they are having exit from the event which is surely nothing new because usually clubs are face situations like this and also having exit like this which give them motivation for the next season hopefully now we will have them back stronger in coming season for the another title race. |
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Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024
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on: April 20, 2024, 05:12:33 PM
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My prediction turned out to be wrong... Luton lost by a huge score... Brentford were able to score 5 goals, but Luton miraculously managed to score one goal in the final minutes... I didn't expect Brentford to play so well... But still I hope Luton can stay in the EPL next season...
I was also expecting good game from the Luton Town, but they were badly down and out of the game with Brentford having good win, and now they are in safe zone with this win, but Luton town is going in deep trouble because now chances for to survive are slimmer, and they need to be improved in last few matches if they want to stay into Premier League otherwise things could be gone worst for them to have stay into Premier League. As now, we are having just few matches left into this season Luton Town and Nottingham Forest both will be fight hard and better team will be survived even I have personal feeling Luton Town is having better chance of survive as they have better matches, but they needed to be good for the last four matches in this season. |
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Economy / Gambling discussion / Re: UEFA Europa League 2023/24 Season
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on: April 20, 2024, 02:51:03 PM
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Bayern Leverkusen are obviously the number one candidate for the Europa League final victory, but Roma are not easy to beat. My predictions may lead you to think they are unrealistic, but if Atalanta managed to humiliate Liverpool then I think against Marseille it could be a walk in the park in comparison. Obviously the field will speak, we can only make assumptions
Exactly. Because if we go by how the four teams have performed in the Europa League and their various Leagues, we will not forget to mention Atalanta and Bayern Leverkusen to reach the finals. Maybe the better team would win the Europa League Cup at the end of play. For that season alone, I will pick Bayern Leverkusen to win because of how they have stayed unbeaten in their Bundesliga League and they are topping their league without a loss. I will be giving my support to them to win the Europa because of how they have proven to be formidable since the start of this season. Bayer Leverkusen which is currently having 44 matches unbeaten record and now going to win their first title in decades which is surely amazing achievement for them with if they are going to win Europa League and DFB Pokal then surely they could be second club behind Bayern Munich to achieve treble in German soccer history with things like these many achievements are waiting for them just because of this many are really furious about their win into this event with now after exit of Liverpool things are clearly looking favourable for them even we have Roma which is also another big club with rich history and good success. Here mostly peoples are really amaze with their wins and performance because few months back no one were expecting they can achieve results and success like this, but they make things good for themselves and now having new chapters in history of soccer hopefully they could be ended this another bearer, and we will celebrate their success at the end of this season. |
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Alternate cryptocurrencies / Altcoin Discussion / Re: Israel vs Iran - Will this limit the coming bull run?
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on: April 20, 2024, 06:03:53 AM
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With the Bitcoin halving just days away we all expect bullish 2024 but just wondering how much this war will affect the rest of the year?
I was investing when Russia first invaded Ukraine 2 years ago and the markets crashed then but that was at the bottom of the bear market - will the markets hold stronger being in bull run or will they tank if the war gets worse and will we see less of a bull run?
The markets have seen a mini crash since Iran attacked Israel the other day and I am just holding for now, haven't bought anything and haven't sold and just hoping we can start seeing the market go up over the next few months.
Actually we already feel that bullish 2024 you are saying, so even if wars limit the bull, it's not going to hurt that much. The effect can be long-term or short-term depending also on the duration of the war. I know many wants to see a rising price more than the falling one, so we can only hope that the war will end soon and we definitely should because if it runs longer many lives are going to get affected outside cryptos, either directly or indirectly. I'm sorry about your past experience dude but is the history repeating again on your side? Ouch, however if you survived it last time, then I'm sure you can still do it again. I'm rooting for you  . |
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Economy / Gambling discussion / Re: What do casinos do with inactive accounts?
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on: April 19, 2024, 06:07:42 PM
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I believe it is almost impossible to generalize as each provider has its own regulations and methods for managing this type of account.
Even the definition of dormant is not the same everywhere, personally I had some account closed after some years meanwhile others are still active!
If you are interested in this information about some specific casino I recommend you go and check their conditions.
The definition of the word Dormant is only one but what you said first is true as I have accounts that are no more but the other can still be logged-on even though it's been a long time since my last activity at them. Indeed, it's important to check the platforms TOS about this matter if we are the type of person who are on and off, so that we will know if they disable inactive accounts or not and we won't lose our balances if ever we also leave and forgot them, as some could confiscate it once their allocated time expires. There are still other important information that a TOS could cover so be sure to read all of them and not just jump on the part that interests you the most. |
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Economy / Trading Discussion / Re: advice for a beginner
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on: April 19, 2024, 07:16:22 AM
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As other as rightly saod. Trading is fun if you understand what you are doing. And the things to know which are the basic and fundamental principles in trading are stop lost point and take profit point that is the entry point and the stop point. You have to k ow them first before any other things. Though you can auto set them, but you need to monitor the market movement. Then another thing you need to do is that you don't have to be greedy and this greediness is the major thing that killed trader. Because they are aiming to accumulate more or bigger profit before stopping the trade and before you know the small amount or the profit you have gotten with the capital you used in the trade would disappear.
So all what you need to do is to take any small profit you have gotten and let it be. I also loss when I have not understood the market.like that.
Stop-loss and take profit aren't the first things one should know when one enters the market, the first thing one should know is how the market works, its movement patterns, and different trading practices, though stop-loss and take profit come trading practices, they are still a bit advanced stuff and one needs to know the basic things first before they get to the advanced tools and management practices. One more thing new investors and traders need to do is to make sure that they do some research about which trading type is better for them because newbies often get into futures trading right after getting into trading and then they start complaining that they have been liquidated and have lost all their money, it is because futures trading is only for experienced traders, newbies need to start from the spot market. |
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