Knowledge edge

[MusaMohamed]

Those who result into poverty and worst committing suicide do not really know how to deal with trading properly. Yes, no amount of knowledge can make you consistently profit in your trades, but do not forget that if you lack knowledge in trading, that's where the idea of excessive trading enters, and when you keep losing, it will result into poverty, and some even commit suicide thinking that it will put an end to their problem.

Trading should start from a knowledgeable point of view, because that would aid for a profitable and successful trading outcome in the end.

Trading is very risky and trading without knowledge and stop loss order will be like suicide at the beginning when a trader opens that trading position. It is more like suicide if it is a trading position in either margin or futures trading market because with such trading type and market, with leverages, there are market liquidations which can cause very severe loss.

One of the best weapons in trading - stop loss order.

[Mame89]

Technical analysis wouldn't guarantee you profit or save your ass from losses if there's a bad news that will affect the market. No matter how hou study and become a professional trader, you will definitely, run at loss in the long run because you cannot always get the price movement of the market. Trading is highly risky and have made a lot of people poor and some commited suicide.

Trading certainly carries a clear risk of loss, and no matter how well we learn, it doesn't mean we can completely avoid losses. Losses still exist, and we can experience them even when trading, even after thorough analysis.
There are cases of people falling into poverty and even committing suicide, and I believe this happens because they are overconfident in their ability to profit from trading, perhaps forgetting that risk is something that cannot be completely avoided.

Yes, that's right. Losses in trading are inevitable because they are part of trading itself. However with good knowledge, you can prevent or minimize losses; that's why knowledge is key in trading.

Even if you have a lot of money, without trading knowledge, you won't succeed. But with trading knowledge you will slowly improve after experiencing losses because you can reorganize your strategy, manage your emotions, and even manage your finances well. Because by having knowledge I mean not only knowledge about trading, but also knowledge about how to manage emotions and finances well. People commit suicide in trading because they trade without in depth knowledge; that's the point.

[justdimin]

Trading is very risky and trading without knowledge and stop loss order will be like suicide at the beginning when a trader opens that trading position. It is more like suicide if it is a trading position in either margin or futures trading market because with such trading type and market, with leverages, there are market liquidations which can cause very severe loss.

One of the best weapons in trading - stop loss order.

If someone doesn't even know stop loss then they are definitely not ready to trade. Information and knowledge is the best weapon we have in the trading world and if they are handling it wrongfully and just newbies rushing to make some quick money then all they will have is a loss.

I personally do as well as I hope I could, and because of that I think it's clear that we are going to end up with something that would be much more marginal. Obviously things won't get that quick and that easily, but you are going to get what you are looking for. For this reason I think it's clear that not a lot of people can do this easily, because some just wants to make money easily, and not realize information and knowledge is required to do it.

[Bitcoin Smith]

Qualified trader? Anyone who know how to read and surf over the website can become a successful trader, knowledge is not related to their success rate. There are people who just gamble with without even knowing what crypto or token they are purchasing or selling and there are many failed trader who understand things much deeper but the luck is not with them at the time of their trading.

[Japinat]

Trading is very risky and trading without knowledge and stop loss order will be like suicide at the beginning when a trader opens that trading position. It is more like suicide if it is a trading position in either margin or futures trading market because with such trading type and market, with leverages, there are market liquidations which can cause very severe loss.

One of the best weapons in trading - stop loss order.

If someone doesn't even know stop loss then they are definitely not ready to trade. Information and knowledge is the best weapon we have in the trading world and if they are handling it wrongfully and just newbies rushing to make some quick money then all they will have is a loss.

I personally do as well as I hope I could, and because of that I think it's clear that we are going to end up with something that would be much more marginal. Obviously things won't get that quick and that easily, but you are going to get what you are looking for. For this reason I think it's clear that not a lot of people can do this easily, because some just wants to make money easily, and not realize information and knowledge is required to do it.

While setting stop loss may be considered compulsory for responsible traders, but not all traders would agree on it knowing most of the newbies in trading feel highly confident that they will surely hit the trading profits, and make bigger income. But when they start losing and seeing their funds messed up, that's when they start valuing stop loss when they have no longer sufficient amount left for trading.

Gaining knowledge should always be the priority. It's good to be greedy when others are not, but having greed without knowledge is useless.

[Oluwa-btc]

Knowledge is power and investing in knowledge yield the highest results because you get to sharpen your mindset and decisions beyond the ordinary.Knowledge is the bedrock of constant growth,those people who keep learning continually equips and adapts to evolving changes.A trader who invests in knowledge gets access to new tools, methods and insights that helps them thrive, adapt and survive.

[Fredomago]

While setting stop loss may be considered compulsory for responsible traders, but not all traders would agree on it knowing most of the newbies in trading feel highly confident that they will surely hit the trading profits, and make bigger income. But when they start losing and seeing their funds messed up, that's when they start valuing stop loss when they have no longer sufficient amount left for trading.

Most of those newcomers thinks that trading is an easy access to earn money, most of those rely with luck as even they've got little knowledge or just because they know the basics they think that they'll be able to execute and earn decently, some may experienced good outcome and will try to engage more then suffer after, it's important to have the basic then continue observing how the market works and keep being open to any adjustments that's needed.

Gaining knowledge should always be the priority. It's good to be greedy when others are not, but having greed without knowledge is useless.

It's a must and a big factor while you are into this market, knowledge needs to be enhance from time to time, the nature of this industry relies most of the time with how you anticipate and how you predict the next market movement.

[Byebyebtc]

Qualified trader? Anyone who know how to read and surf over the website can become a successful trader, knowledge is not related to their success rate. There are people who just gamble with without even knowing what crypto or token they are purchasing or selling and there are many failed trader who understand things much deeper but the luck is not with them at the time of their trading.

You are not a forex or crypto trader so I don't expect you to know much about trading, because if you where you wouldn't be sounding in this manner.
Literally in every thing that has to do with money you need some level of knowledge, and I can bet too that what so ever gives you money requires knowledge as well.
This is why you need qualification for any job at all, and the qualification requires good knowledge as well, so what you are saying is totally not true and no one should believe this. Trading itself doesn't just require knowledge it requires a high level of knowledge to be a profitable trader.

[Botnake]

Qualified trader? Anyone who know how to read and surf over the website can become a successful trader, knowledge is not related to their success rate. There are people who just gamble with without even knowing what crypto or token they are purchasing or selling and there are many failed trader who understand things much deeper but the luck is not with them at the time of their trading.

I have to disagree on this point of yours. Anyone can be a trader but it takes a highly knowledgeable and skilled trader to become successful on his trades. So if you are just surfing all over the website, you can be a trader but it will never guarantee your success. And yes, luck is still needed when trading, but its not the main ingredient there, trading is too far from gambling, skills and working strategies are required along with luck so that success will be assured. But with gambling, even luck alone can make you win and make consistent profits.

[laijsica]

Qualified trader? Anyone who know how to read and surf over the website can become a successful trader, knowledge is not related to their success rate. There are people who just gamble with without even knowing what crypto or token they are purchasing or selling and there are many failed trader who understand things much deeper but the luck is not with them at the time of their trading.

The idea of ​​becoming a successful trader by reading a website is a fantasy. To be successful, you should practice the market and learn about risk management. You should expand your knowledge through long term investments so that you can recognize the right coins and learn which are for short term trading and which ones are for long term investments. Most of the time being aware of the risks in short term trading can create awareness in money management only through market analysis and investment. Becoming a successful trader by studying only on websites and reading books on trading can be a fantasy. You can get basic ideas about trading through this study but to be successful, you need to invest for a long time and gain experience.

[harapan]

Having a sufficient amount of knowledge builds you a good foundation. And where there is great foundation, that's where a good flow of income becomes highly visible and possible. However, greed takes over and set aside knowledge, and its undebatable. That is the biggest reason why majority fail and losing, while only few have successfully did it.

Knowledge is always an edge. If you are knowledgeable, you can easily avoid barriers and stick to your goal. But if you lack even those basic knowledge and understanding towards your goal, you will gain no clear vision on it, and instead take the wrong path and play blame game in the end.

The best investment in any field is knowledge,it appreciates overtime,and what you truly understand,internalize multiples and stays with you for a lifetime.Every book we read,every skill we learn,and every experience we reflect upon adds value and enrich your mindsets so never stop learning.

[BitBakerr1]

Qualified trader? Anyone who know how to read and surf over the website can become a successful trader, knowledge is not related to their success rate. There are people who just gamble with without even knowing what crypto or token they are purchasing or selling and there are many failed trader who understand things much deeper but the luck is not with them at the time of their trading.

You made two points here.
1. That there are people who trade with having knowledge about the crypto coin they are trading with.
Yes you are very correct, a lot of traders especially newbies trader without knowing the crypto coin very well they just buy and starts holding which is very wrong, before you buy any crypto coin you need to first do some investigation to know if that cryptocurrency is not a scam because some crypto coin are just created in other to scam people off there money.
2. That there are some traders who understands how trading works very well but are not lucky that is why dey usually don't make gains, but just like you said in the first you need to know the crypto coin you are buying there's little percent of luck when it comes to trading, when you no what you are doing you really don't need luck that much.

[Finebone]

This is as good to say to invest on yourself first.  Do not rush into making decisions just to gain personal gains, because obviously if you don't have your own knowledge, developed skills and strategies and positive attitudes towards an unpredictable trading outcome, you will never be good enough, and you will never be qualified enough to make yourself a successful and profitable trader.

True, without investing in your self in getting better in the field, it is near impossible to make it alive in the market for long, because self development is key in every sectors of life not just in trading alone.

Knowledge comes first before anything else, and then followed by learning experiences that could lead you making an edge in the market .

In trading knowledge truly come first, but we also need to know that as long as trading is concerned, knowledge alone is not enough, you have to be good at controlling your emotions, you have to be patient in taking only the right trading set up, not just anything you see in the market, and very important, you need to manage your risk carefully, since it's what keeps you in the market for long.

[Peanutswar]

In all aspects knowledge is one of your advantage if you want to take a step a head with others having an advance of it and skills will makes you more profitable and of course there's a money involve in trading no one would like to let their money fly easily because of the mistake they made now its your choice if you will make a risky move to have a high risk reward but most of the traders right there for sure would like to play a play safe move to avoid lossing most of your capital with just a no brainer decision. Its your investment, its your money so its all on your hands how you will handle to gain profit now if you think its not profitable at all check whats your problem with the move you made, analyze the scenario. Learn from mistakes.

[puloweh555]

Having a sufficient amount of knowledge builds you a good foundation. And where there is great foundation, that's where a good flow of income becomes highly visible and possible. However, greed takes over and set aside knowledge, and its undebatable. That is the biggest reason why majority fail and losing, while only few have successfully did it.

Knowledge is always an edge. If you are knowledgeable, you can easily avoid barriers and stick to your goal. But if you lack even those basic knowledge and understanding towards your goal, you will gain no clear vision on it, and instead take the wrong path and play blame game in the end.

The best investment in any field is knowledge,it appreciates overtime,and what you truly understand,internalize multiples and stays with you for a lifetime.Every book we read,every skill we learn,and every experience we reflect upon adds value and enrich your mindsets so never stop learning.

Absolutely true. Before doing anything especially trading the most important thing is to invest in knowledge, because knowledge is the light in all things.

The primary purpose of knowledge is to activate reason, logic, and thought. We could say that the uniqueness of humans is the use of reason. Therefore if humans refuse to continue learning, they are essentially rejecting their humanity. In trading you must learn every day and every loss and every win is an important lesson for future trading. This is what traders and investors do: they never stop learning.

[jostorres]

I have to disagree on this point of yours. Anyone can be a trader but it takes a highly knowledgeable and skilled trader to become successful on his trades. So if you are just surfing all over the website, you can be a trader but it will never guarantee your success. And yes, luck is still needed when trading, but its not the main ingredient there, trading is too far from gambling, skills and working strategies are required along with luck so that success will be assured. But with gambling, even luck alone can make you win and make consistent profits.

I don't believe anyone can be a trader. Few people are never patient. They want everything fast and will never wait for the right moment. These people will always face difficulties in trading no matter how much skills they master. They will still lack patience and this will never end up well in trading. If such person needs to start their trading journey, they will have to spend way more time than an average person just to master their mind and understand the key features.

Yes nothing is impossible but it depends on the will power of an individual if he really wants to dedicate his time in trading. If not, he will simply be wasting time and at the end might not even have any profits out of trading.