KnightElite
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February 11, 2020, 02:16:10 AM Last edit: February 11, 2020, 02:59:06 AM by KnightElite |
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This is nothing which would make you a professional trader overnight so it is always better so start with minor things first. Learning how to trade would surely take some time and you need to devote maximum time if you ever want to have profits from trading.
There are a lot of factors which should be considered before moving on trading. Forex trading and crypto trading does not have much difference just the major difference is about the high volatility of price. Rest, we can see similar methods of trade, same patterns, risk management, etc in both the trades. Newbies have a huge journey of knowledge in order to become a professional trader.
For those wanna be traders who thinks that they can easily learn trading in just a day are dumbs and idiots, trading is a process; you cannot learn all the information in just a day or even weeks. We need passion and commitment in order to become professional or a sucessful trader. Those professionak trader have sleepless nights and sacrifices in order to reached that kind of level. I've been trading for years but still I'm a average trader and I still need to study in order to increase my knowledge and develop my skills.
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LUCKMCFLY
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Leading Crypto Sports Betting & Casino Platform
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February 11, 2020, 02:50:41 AM |
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For speculative markets such as crypto, stock market, forex, any type of technique or methods are fully applicable according to the trader at your disposal and according to what you want to believe and apply. The reasons why the crypto market is giving so much to talk about is due to its high transfer facilities and that from one moment to another it can be worth a lot, where volatility can be used for or against our movements. In any market there are gains, losses, Strong Hands and without a doubt many times the market moves by emotions and fundamentals.
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MWesterweele
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February 11, 2020, 03:28:25 AM |
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This is nothing which would make you a professional trader overnight so it is always better so start with minor things first. Learning how to trade would surely take some time and you need to devote maximum time if you ever want to have profits from trading.
There are a lot of factors which should be considered before moving on trading. Forex trading and crypto trading does not have much difference just the major difference is about the high volatility of price. Rest, we can see similar methods of trade, same patterns, risk management, etc in both the trades. Newbies have a huge journey of knowledge in order to become a professional trader.
There is no rush thing in trading , we need to put everything in a process wherein, understanding the market, how to trade effectively will be improve once we now be able to learn it, few more years and few more losses is a part of the game and part of the trade, just understand everything and it would be worth it, a lot of patience is really needed, not only skills nor knowledge , all of them is needed.
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btc78
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Eloncoin.org - Mars, here we come!
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February 11, 2020, 06:28:01 AM |
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Successful traders must have some good qualities , he must know completely what he is doing with his money , how discipline trader is while trading risk management if traders think that just by doing non sense things he will earn money then obviously he will lose
i don't think there is stupid trader that will have this mindset?doing nonsense and earning?lol even noob will not fall from this foolishness. this involved our hard to earn money and just like that we will lose it?not unless that said traders can spend millions of dollars because he can afford so?then why not but for people like me who is looking for investment to earn?no way that will have this mind thing.
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Twentyonepaylots
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February 12, 2020, 05:39:52 PM |
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Successful traders must have some good qualities , he must know completely what he is doing with his money , how discipline trader is while trading risk management if traders think that just by doing non sense things he will earn money then obviously he will lose
This is pretty much given at this point. Being a trader comes with its own pros and consequences that you should be aware of beforehand before taking the bait. If in any case it's way better if we can suggest something like creating a dummy account that you can use to test the waters and particularly tweak objects in your investment strategy that would need further improvement. I believe that is one of the most useful tips and tricks we can give to help a fellow investor here. I gave my take on this topic based on experiences that helped me build myself as an investor. I hope this works for you too.
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rodskee
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February 13, 2020, 06:53:58 AM |
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Successful traders must have some good qualities , he must know completely what he is doing with his money , how discipline trader is while trading risk management if traders think that just by doing non sense things he will earn money then obviously he will lose
This is pretty much given at this point. Being a trader comes with its own pros and consequences that you should be aware of beforehand before taking the bait. If in any case it's way better if we can suggest something like creating a dummy account that you can use to test the waters and particularly tweak objects in your investment strategy that would need further improvement. I believe that is one of the most useful tips and tricks we can give to help a fellow investor here. I gave my take on this topic based on experiences that helped me build myself as an investor. I hope this works for you too. you got it correctly mate because that is why we have options to choose on what kind of investors will fits Us. because it is not easy to deal with daytrading since most of the failed investors here do that trading by Day and it is not easy. best option to deal in crypto investing is Semi long term holding or Long term because in this we can minimize the chance of losing because we can take time to decide and wait,the only problem is if there are emergencies occur along the way that we need to dispense our holdings earlier than expected.
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Janation
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February 13, 2020, 07:49:41 AM |
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this involved our hard to earn money and just like that we will lose it?not unless that said traders can spend millions of dollars because he can afford so?then why not but for people like me who is looking for investment to earn?no way that will have this mind thing.
Believe me or not but there are a lot of them. An investor is not always that experienced or knowledgeable, they also have their time where they create mistakes and not think of these things. They think that just by putting your money into Bitcoin, it will create a profit for them in time. They thought that just by putting their money into an investment, it will just provide them a good profit, they do not think of the risk they are taking nor how to minimize that risk.
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justdimin
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February 16, 2020, 02:21:59 PM |
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This is nothing which would make you a professional trader overnight so it is always better so start with minor things first. Learning how to trade would surely take some time and you need to devote maximum time if you ever want to have profits from trading.
There are a lot of factors which should be considered before moving on trading. Forex trading and crypto trading does not have much difference just the major difference is about the high volatility of price. Rest, we can see similar methods of trade, same patterns, risk management, etc in both the trades. Newbies have a huge journey of knowledge in order to become a professional trader.
There is still people who talk about "what if I bought at $20k, long term investment wouldn't help me in that situation" to try to diminish the power of long term investing, it turns out tho, they are even wrong about that. How? Well the quick answer is, you would lose less and not profit however that is something better than all other options. Normally, people who would lose money at $20k, could just hold and sell now and still would lose less than people who would sell at 3 thousand for example, which means if you wait long enough its always better option. Best case scenario is to wait even longer, one day $20k will be broken as well and you will profit, if you bought at any other time in history there is a bigger chance you profiting right now as well, there are very few days in the past 10+ years of bitcoin that was over $10k.
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Kurokonobasuke
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February 18, 2020, 03:02:57 AM |
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Thank you for sharing that kind of article, it is really indeed of those reasons. Many traders may feel that kind of addicting in trading such as "Being motivated with greed" many traders wants to make more money than others so that they'll feel more eagerness to earn in trading. They want to earn faster, so that it may results a big lose of you profit in every trading, it is much better to take things slowly but surely because it may avoid you from being a greedy trader. When you noticed that you start being greed to earn money, try to do other things that lowers your adrenaline in trading such as playing basketball it may help you to relax your mind.
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mrBTCman
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February 21, 2020, 03:09:40 PM |
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I like this piece! I should say that I agree that the same reasons are applicable to crypto trading. Honestly, I don’t understand why people keep on making these mistakes while there are so many sources to learn how to avoid them. I don’t mean to praise myself but I’ve managed to learn how to adapt to market conditions during the first year of my trading. Now, I can use advanced trading exchanges like https://cexbro.com/ and be confident enough in the process. I guess nearly everyone can make trading effective with enough knowledge.
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FanEagle
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February 23, 2020, 09:33:46 AM |
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And sometimes it is best to take a break. I have seen a few people that will start trading and losing, and instead of them to quit and continue another day, they still keep trying and chasing the loss and in the process of doing that they keep losing more and more money which is very bad, and at the end of all that they still don’t achieve anything. People really should know when to stop trading. If it’s not working out for you today, you should just leave trading for the day and relax your mind to continue another day. Lastly, I would like to say that the fourth reason that was stated in the article from the link you posted, which is Greed, it’s very important that we find a way to get rid of such. Greed is very bad and will lead you to costly mistakes.
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