Knowledge edge

[Fredomago]

It is very hard for someone to be a successful trader if he or she does not have proper knowledge. So I feel that someone who wants to be a trader and starts with just limited knowledge will only waste their funds because they will hardly make profits from trading as long as they lack proper knowledge.It is known that trading is very difficult and comes with a lot of risks, but with proper knowledge, a trader may not face much challengings from make profits from trading time to time. Many people fail in trading because they never give themselves enough time to learn and gain a good level of knowledge.

To be successful in what you want to achieve, whether it's in the crypto space as a holder or a trader, it’s definitely not easy to attain. There are many things we have to go through here
not just time, physical effort, and mental energy, but we must also possess the qualities of a trader to succeed.

From being an investor, a holder, or a trader, we must know the qualities we have. It’s easy to say that we can overcome the challenges we’ll face here,
but it’s a different story when we’re actually experiencing it ourselves.

Agree to that last statement, it's really easy saying that you can control and manage your emotions but practicing it that's another thing, emotions when being dominated you'll lose balance and control over your investment, you must have the right sets of skills and knowledge about the venue and the nature of the business of investment that you are engage with, more on knowing what's the best practice and what are the factors that may affects the situation for you to acknowledge and anticipate your next decision to make.

[Byebyebtc]

When it comes to trading wether in the crypto market or stock market knowledge is indeed the bedrock of growth and progress, so don't be too quick to trade in the crypto market or in the stock market if you really want to get it right and progress in trading, you have to take your time and develop your knowledge on trading, study trading very well, learn the technical and fundamental analysis, study chat's very well, because there is no rush when it comes to trading, and if you rush trading you can never get it right, you will always be at lost from time to time, why because you have refused to take your time and learn the trading very well before starting to place trades. And this act of not taking your time to learn and develop your knowledge in trading has made a lot of person's out not to be a successful trader till date.

There are many people in our society who want to trade and they want to get profit from their money but they are on risk because trading gives you money of other people who are not expect in trading and they jumped in a trading without learning and expert people who are trading for the years they are earning profit from that . Only 1 percent traders are getting profit and they are earning in millions of dollars because they lose more in the past and stick on that and did not quit. That is best time for them to earn from inexperienced persons. New trader should learn more and should take small risk which he want to lose .If you will take risk big and after losing money you will lose you heart and will not trade again.

Genuinely success traders today actually passed through a hard time in the past, in terms of losses, emotions, mental stability and stuffs like that just to learn and get good in what they do. Me in person right now I be passing through alot. But it's just one thing I have in mind, and is that I will learn from my losses, trust the process and get better every day,

 one thing I know for sure is that it wasn't easy for genuinely forex traders that make alot of money today to be where they are, so of cause I don't expect it to be an easy journey, I I will not expect any one to think is an easy journey as well, so giving up is not an option.

[Alone055]

Genuinely success traders today actually passed through a hard time in the past, in terms of losses, emotions, mental stability and stuffs like that just to learn and get good in what they do. Me in person right now I be passing through alot. But it's just one thing I have in mind, and is that I will learn from my losses, trust the process and get better every day,

 one thing I know for sure is that it wasn't easy for genuinely forex traders that make alot of money today to be where they are, so of cause I don't expect it to be an easy journey, I I will not expect any one to think is an easy journey as well, so giving up is not an option.

The first step towards success in anything is to acknowledge the fact that the journey isn't going to be easy, because this will allow you to be mentally prepared for all the hardships and hurdles that you will face in the journey, and be able to get through them without giving up. Someone who expects everything to be as easy as drinking water will take no time in giving up because as they get into the process, they will feel like everything is going against them and their expectations, and that will make them fed up very easily.

Being mentally strong is very important for any person to gain success in anything they are getting into. So, if you are starting your journey as a trader and you want to become a successful trader one day, it's important for you to acknowledge that it's not going to be easy, and that the journey will be full of losses and failures, but you should never let them become your weakness but rather make them your strength and keep learning from every mistake that you make.

No journey is easy, but if you stay determined, there will always be a good ending to the journey.

[Achalugo BTC]

I would say experience can bring the best knowledge. We can never learn without actually practicing. So while gaining knowledge is important, it is also quite necessary to have real world experiences which can make us more skilled. When it comes to trading or investing, we tend to make mistakes but learning from those mistakes will guide us through.

It is okay to make mistakes but what's important is we should not make the same mistake again because a repeated mistake is nothing but foolishness. For trading we need a combination of knowledge, experience, risk appetite and ability to understand and survive in the markets. Making profits is not that easy but it is also not impossible.

Totally agreed and it's also important not to neglect the power of self discipline, as it will also guide them through the journey of crypto. Which one can't be able to withstand the concept of crypto if discipline is not involved.
So, as no knowledge is wasted, it's better to learn in every angle you find yourself either from people who are into crypto before you or you learn from your mistakes but whichever just be careful and cautious, also do more of research as profits comes to those who blend knowledge and also take note of investing or trading with the amount they can afford to lose.

[YUriy1991]

When it comes to trading wether in the crypto market or stock market knowledge is indeed the bedrock of growth and progress, so don't be too quick to trade in the crypto market or in the stock market if you really want to get it right and progress in trading, you have to take your time and develop your knowledge on trading, study trading very well, learn the technical and fundamental analysis, study chat's very well, because there is no rush when it comes to trading, and if you rush trading you can never get it right, you will always be at lost from time to time, why because you have refused to take your time and learn the trading very well before starting to place trades. And this act of not taking your time to learn and develop your knowledge in trading has made a lot of person's out not to be a successful trader till date.

There are many people in our society who want to trade and they want to get profit from their money but they are on risk because trading gives you money of other people who are not expect in trading and they jumped in a trading without learning and expert people who are trading for the years they are earning profit from that . Only 1 percent traders are getting profit and they are earning in millions of dollars because they lose more in the past and stick on that and did not quit. That is best time for them to earn from inexperienced persons. New trader should learn more and should take small risk which he want to lose .If you will take risk big and after losing money you will lose you heart and will not trade again.

Genuinely success traders today actually passed through a hard time in the past, in terms of losses, emotions, mental stability and stuffs like that just to learn and get good in what they do. Me in person right now I be passing through alot. But it's just one thing I have in mind, and is that I will learn from my losses, trust the process and get better every day,

 one thing I know for sure is that it wasn't easy for genuinely forex traders that make alot of money today to be where they are, so of cause I don't expect it to be an easy journey, I I will not expect any one to think is an easy journey as well, so giving up is not an option.

In every trading action, always record every decision you make. Use these decisions as a basis for evaluation. Record all emotions while trading. Always read articles and learn about the current global economic conditions, which are currently experiencing uncertainty. This is very useful for generating profits when trading in the market. In my experience, many people lose money due to a lack of knowledge about the exchange. Investors, driven by a fear of missing out (FOMO), buy Bitcoin, hoping to gain instant wealth through crypto price movements. Their ignorance leads to losses, and they blame crypto when they lose.

[edy_58]

There are many people in our society who want to trade and they want to get profit from their money but they are on risk because trading gives you money of other people who are not expect in trading and they jumped in a trading without learning and expert people who are trading for the years they are earning profit from that . Only 1 percent traders are getting profit and they are earning in millions of dollars because they lose more in the past and stick on that and did not quit. That is best time for them to earn from inexperienced persons. New trader should learn more and should take small risk which he want to lose .If you will take risk big and after losing money you will lose you heart and will not trade again.

Genuinely success traders today actually passed through a hard time in the past, in terms of losses, emotions, mental stability and stuffs like that just to learn and get good in what they do. Me in person right now I be passing through alot. But it's just one thing I have in mind, and is that I will learn from my losses, trust the process and get better every day,

 one thing I know for sure is that it wasn't easy for genuinely forex traders that make alot of money today to be where they are, so of cause I don't expect it to be an easy journey, I I will not expect any one to think is an easy journey as well, so giving up is not an option.

You're right, anyone who has become successful in trading has certainly gone through difficult times and has certainly overcome failures by continuously seeking knowledge that can lead them to success in trading. However, this is only done by those who have the courage and patience to persevere through each learning process, as others will choose to quit after experiencing several failures.
I believe that acquiring knowledge about trading is no easy task. It certainly requires strong determination and financial readiness to try out what they have just learned in trading.

[Judith87403]

You're right, anyone who has become successful in trading has certainly gone through difficult times and has certainly overcome failures by continuously seeking knowledge that can lead them to success in trading. However, this is only done by those who have the courage and patience to persevere through each learning process, as others will choose to quit after experiencing several failures.
I believe that acquiring knowledge about trading is no easy task. It certainly requires strong determination and financial readiness to try out what they have just learned in trading.

When people see traders who are successful, some feel it’s accidental, but in reality, success in trading is nothing but a result of surviving the uncomfortable and stressful times that comes with trading, which is the losses, the doubts, the temptation to give up, staying disciplined even when the charts doesn’t make sense. The best part about being a successful trader is that they’re not necessarily the smartest ones, they’re simply people who made mistakes and stuck around long enough to learn from their mistakes and did something meaningful from the experience.

[Jerusalem12]

We can’t get rid of those who see the crypto industry as a quick way to make money through rich-quick schemes, even though the crypto space wasn’t really designed that way.
It really takes time for us to learn everything here.

Honestly, based on what I’ve read on this forum, I believe there’s no shortcut to being successful in this field. We truly have to put in the time to understand those things that we still don’t fully grasp. As a result, some people get impatient and start to believe in things that are simply not possible. They end up thinking of themselves as traders, when in reality they’re gamblers who equate trading with gambling.

[Fredomago]

You're right, anyone who has become successful in trading has certainly gone through difficult times and has certainly overcome failures by continuously seeking knowledge that can lead them to success in trading. However, this is only done by those who have the courage and patience to persevere through each learning process, as others will choose to quit after experiencing several failures.
I believe that acquiring knowledge about trading is no easy task. It certainly requires strong determination and financial readiness to try out what they have just learned in trading.

When people see traders who are successful, some feel it’s accidental, but in reality, success in trading is nothing but a result of surviving the uncomfortable and stressful times that comes with trading, which is the losses, the doubts, the temptation to give up, staying disciplined even when the charts doesn’t make sense. The best part about being a successful trader is that they’re not necessarily the smartest ones, they’re simply people who made mistakes and stuck around long enough to learn from their mistakes and did something meaningful from the experience.

Exactly, those who manage to secure success are those who suffer at first and really stand out with their performance, the venue is not an easy travel which you can success quickly not unless you are so lucky when you place your investment and the timing favor on your side and make you earn huge amount of profit.

Though it's always depends on how you project yourself and the success that you are aiming to acheived, eveyrhting happens for a reason you just need to keep your focus and prctice whatever you think that will bring success to whatever journey you choose to travel.

[hafiztalha]

I would say experience can bring the best knowledge. We can never learn without actually practicing. So while gaining knowledge is important, it is also quite necessary to have real world experiences which can make us more skilled. When it comes to trading or investing, we tend to make mistakes but learning from those mistakes will guide us through.

It is okay to make mistakes but what's important is we should not make the same mistake again because a repeated mistake is nothing but foolishness. For trading we need a combination of knowledge, experience, risk appetite and ability to understand and survive in the markets. Making profits is not that easy but it is also not impossible.

Totally agreed and it's also important not to neglect the power of self discipline, as it will also guide them through the journey of crypto. Which one can't be able to withstand the concept of crypto if discipline is not involved.
So, as no knowledge is wasted, it's better to learn in every angle you find yourself either from people who are into crypto before you or you learn from your mistakes but whichever just be careful and cautious, also do more of research as profits comes to those who blend knowledge and also take note of investing or trading with the amount they can afford to lose.

People always come in the market with empty mind which don't know about trading but they know that trading is good and people are earning well from that and these exchanges will not fled at any time because people are making money for the years and they are uneducated and they did not take any degree and want to be multi millionaire and they want to give share to the person who knows something about trading and they are not spending their money on the trading leaning. That is the condition of most of the people who are entering in the market and came because many people are earning a amount and they said to them to trade . The person who is saying to do trading without learning, he is your ememy because he don't care of your wealth and he want you to be empty pocket.

[Pauldesaints]

There problem with us sometimes is patient.everyone is desperate to make money without the required knowledge about the business,we need not to rush everything but be patient to study everything surrounding the business then make good use of it then money will begin to flow.

[Faisal2202]

To every forex or crypto trader, new or old who wants to be successful. You need ro know the truth, The most profitable investment you will ever make is not in forex or crypto but in yourself. The market is vast and difficult  and ony the qualified can make money from it, just like a hob you have to be qualified enough to be there for a long period of time, if your not qualified you wouldn't last. Because of the urge to make money some traders just rush in funding their accounts and most times end up  blowing it and loose money, but one thing each trader have to understand is that what gives you the profit is knowledge.
You know sometimes its better to just leave your account and do not fund it for a while, change your perspective and focus on knowledge focus on learning new things from the market every day, try to have an edge ovet the market, by waiting for repeatable patterns that form and see their reaction after those patterns, if you see them in future again you know what to do that can be your edge in the market. If your not profitable now you can leave money for a while and go for knowledge, study your charts and the money will later

I can't agree more here with you op, because we should give some time to our selves in learning and taking some time to let things cool, and the statement about investing in yourself just hit my heart, seriously like I have learned this lesson a long time ago when somehow I get to know the importance of learning new things, educating myself become my priority since then.

Because so far whatever I tried to learn at the moment or even the results of that was failed, or in vain, but eventually at some point in life it helped me.

Without that knowledge I would have survived but with this, I now love to follow whatever I want to learn, or acquire as skill, I don't look too much on benefits really but giving a glance at the basic advantage is necassary and I will suggest everyone to do the same.

[YUriy1991]

Totally agreed and it's also important not to neglect the power of self discipline, as it will also guide them through the journey of crypto. Which one can't be able to withstand the concept of crypto if discipline is not involved.
So, as no knowledge is wasted, it's better to learn in every angle you find yourself either from people who are into crypto before you or you learn from your mistakes but whichever just be careful and cautious, also do more of research as profits comes to those who blend knowledge and also take note of investing or trading with the amount they can afford to lose.

I strongly agree that discipline is key to success in this field. It's best to start by reading books on stock market analysis, such as Benjamin Graham's "Investor Intelligence." I believe these books are excellent for broadening our knowledge. Podcasts discussing crypto can also be helpful. These podcasts can provide valuable insights before deciding to invest in a particular stock market. The information provided adds valuable insights that can be very helpful in making decisions. Knowledge is crucial for avoiding losses when investing in the cryptocurrency market.

[SquallLeonhart]

People always come in the market with empty mind which don't know about trading but they know that trading is good and people are earning well from that and these exchanges will not fled at any time because people are making money for the years and they are uneducated and they did not take any degree and want to be multi millionaire and they want to give share to the person who knows something about trading and they are not spending their money on the trading leaning. That is the condition of most of the people who are entering in the market and came because many people are earning a amount and they said to them to trade . The person who is saying to do trading without learning, he is your ememy because he don't care of your wealth and he want you to be empty pocket.

If they see what the market is doing and do not see the background where those great traders who make profit studied to be that good for many years, then it is their fault for not understanding that. What was their expectation? To see that others make money so they will join and suddenly make money? When in the world did making money became that easy?

There are absolutely no methods of money making, not in crypto, not in fiat, nowhere in the world, that making money is that simple, it's always difficult. Traders who make a lot of money, gave their life into this and because of that they make money, studying and working super hard, for 10-15 even sometimes 20 hours to be better, that is how they got better and saw the results.

[Odogwu-Blockchain]

You know sometimes its better to just leave your account and do not fund it for a while, change your perspective and focus on knowledge focus on learning new things from the market every day, try to have an edge over the market, by waiting for repeatable patterns that form and see their reaction after those patterns, if you see them in future again you know what to do that can be your edge in the market. If your not profitable now you can leave money for a while and go for knowledge, study your charts and the money will later

You can't be observing the market moving to and fro, back and forth, up and down, studying patterns and all of these without trying it out with money. Yes, I know knowledge is everything worth getting first but it's more vital to observe all these by using funds in trying them.

Because, it's more improving when emotion is part of the process and the same time trying control the emotional aspect of trading, that's another knowledge on it's own.

Knowing these all together and practicing it over time, making and correcting mistakes make a trader more knowledgeable and confident, then money will come in.