BASIC TRADING UNDERSTANDING

[jaberwock]

Passion is what makes a trader to be depositing into crypto account to place a trade even when she's still loosing, passion makes it easier for trader to look at charts, place order even when his eyes are closed. When a passionate trader loses, he's happier, when he wins, he's more happier. He sees nothing wrong in crypto ecosystem at all and loves every little dip and cherish every little rise in price.

Such passionate trader is the only user that could be successful in the game because he's going to pay every price needed to be profitable in the crypto industry.

I'd say interest more than passion. Passion is when you put enough effort, so the outcome of what you do is mostly good. But apart from interest that I said earlier, I think the word desperate or addiction is also valid. Placing an order even on close eyes is crazy. I think that is too much even a trader has a passion. There are automated bots for trading but I'd say they are another story anymore. We are only talking about manual here.

No one will be happy losing money. I think being passionate has nothing to do with this. Maybe we can only say that they will be sport enough to accept it easily. Besides, they can also learn from it. 

[Zoomic]

Last seen on December 17th, 2022. OP disappeared after creating such a useful and easy-to-understand topic that would help newbies grasp the basics they need to know about trading in just a few minutes.

After learning all this about trading, newbies should take note that the desire to gain profits from trading is not enough, they still need to learn some risk management strategies that will help them mitigate the risks involved in trading.

In most cases, they also need to be patient, committed, and dedicated to truly reach that level where they will be happy they chose to trade.

This is a very useful content for many people that intend to be a trader just like you. It's not just for the newbies alone but for many who are longing to become a trader.

Anyone who is already a trader should know all of these at their finger tips. If they do not know them, why then are they trading in the first place? What knowledge do they have to form a good strategy with? I laid more emphasis on newbies because the op talked about the basics every newbie should know before they enter into the next phase of their learning. Like I said before, I applaud the op for the simplicity of the write up which makes it very easy for someone who has zero knowledge about trading to fully understand.

[Josefjix]

Passion is what makes a trader to be depositing into crypto account to place a trade even when she's still loosing, passion makes it easier for trader to look at charts, place order even when his eyes are closed. When a passionate trader loses, he's happier, when he wins, he's more happier. He sees nothing wrong in crypto ecosystem at all and loves every little dip and cherish every little rise in price.

Such passionate trader is the only user that could be successful in the game because he's going to pay every price needed to be profitable in the crypto industry.

I'd say interest more than passion. Passion is when you put enough effort, so the outcome of what you do is mostly good. But apart from interest that I said earlier, I think the word desperate or addiction is also valid. Placing an order even on close eyes is crazy. I think that is too much even a trader has a passion. There are automated bots for trading but I'd say they are another story anymore. We are only talking about manual here.

The statement I made "place order when his eyes are closed" is an idiomatic expression that means doing something repeatedly to the point that you do it at your subconscious level of mind. For example, if you spin a flat stainless plate everyday for 2 years while opening your eyes, there would be a time when doing the same thing while eyes are closed because of it's repeatative actions. Please let me know if you understand my point

[CroverNo01]

Last seen on December 17th, 2022. OP disappeared after creating such a useful and easy-to-understand topic that would help newbies grasp the basics they need to know about trading in just a few minutes.

After learning all this about trading, newbies should take note that the desire to gain profits from trading is not enough, they still need to learn some risk management strategies that will help them mitigate the risks involved in trading.

In most cases, they also need to be patient, committed, and dedicated to truly reach that level where they will be happy they chose to trade.

In every scenario, we just have to depend on the system to longing for our change, we know what to expect and become versatile because staying at one particular sector is not a good advice. Learning is always part of the system and we do acknowledge the fact that we're opportune to be in the space and rolling on with basic principles that would probably change our mindset towards the market. What do we call the management of the system? We ensure we occupied the important sectors and knowing the features of the system.

[harapan]

There are a lot of people who say, trading is very easy to study and give analysis but when it's actual trading, it's tougher than we expected.

I would rather go into investing because I feel safe in that way and less risky than trading, all you've to do is to wait until the bull market comes though the profit isn't determined in exact time.

Yeah taking tutorials online can be of help in making you understand what trading is all about but it's not applicable to everyone such that. I may get on with the tutorials and still not understand anything about it, but another person will and would still do better in the trading business. Therefore understanding trading works differently for each and every one of us, this is why it's best to go with what favours you because even with all the knowledge you can still end up loosing some funds. So the level of understanding trading is actually deeper.

[RockBell]

Anyone who is already a trader should know all of these at their finger tips. If they do not know them, why then are they trading in the first place? What knowledge do they have to form a good strategy with? I laid more emphasis on newbies because the op talked about the basics every newbie should know before they enter into the next phase of their learning. Like I said before, I applaud the op for the simplicity of the write up which makes it very easy for someone who has zero knowledge about trading to fully understand.

The basins matter a lot because they are the foundation and without foundation your mission to be a trader is because a lot of people have made up their minds that they want to be professional traders and they are ready to suspend even their jobs just to become a trader and that kind of mindset you will have to be ready to do everything possible to always make a profit because after quitting a lot of things and you are not making any money then eventually it will affect you because how do you feed and even pay bills.

Newbies who are interested in full-time trading need to make a lot of sacrifices and this is why I would suggest that they should get a mentor to make this easy and faster for them to learn if they are getting someone and if you are getting a mentor it as someone is reliable and has to be someone who has good reviews because people are so greedy, that they will form a group and they fake a lot of things, and they collect money from people and teach them no relevance so when choosing a mentor you have to be careful.

[Oluwa-btc]

You have said the same thing that an intending trader, newbie or trader who lose at 99% of the time, will not be bothered to find out what is wrong with his trade. The same thing found on the internet. The thing is about passion.

If someone who intends to trade but has no passion for it, they will continue failing in it. Trading is now a profession and every profession require passion for some measure of success. A passionate trader after reading your post will make more effort to learn but that without passion will eventually wait for opportunity for copy trading or paid signal group that is no guarantee.

Trading is far beyond what you're comprehending and you say it's about the passion but mind you before giving conclusion to that be rest assured that having passion over such requires alot of patience and a good understanding about the whole thing you're about to go into. Let's take for instance you want to be a doctor and thus this is a profession so then at first it requires that you have passion for the profession no doubts but meanwhile you don't have a good understanding and knowledge about it so how do you be successful .

[CharmingActor]

Just started learning what “trading” means outside of buying and holding crypto 😊 I want to understand spot, margin, and leverage — can someone recommend beginner-friendly guides or tools?