How to take the risk in trading?

[vual]

Hello fellas.
I am interested in trading and want to know more about it.I read somewhere in this forum that being a trader is very risky.
You as a trader, how did you face the risk in trading in order to lessen the possibility?

Every business has been risk . If you want to be change your life , you need risk. Trade has some risk but if you practice hard work, you can learn a lot of about trading then I hope you will be get success.

[redsun114]

I think the key to trading is sure, be patient and patient, because if you do not have it all, if something happens to you it will be easy to give up, let alone trading crypto like this is risky, so you have to be mentally ready.

It means you are saying to invest in some different crypto for making good money out of your income. That is right too. If you have got big money that can be invested in more than one coin, then what is better than this? Go for it, but do chose best of the coins in market as right now scams are just wondering here and there and don’t be get sucked. Learn first and then chose.

[Dortira]

I found for myself interesting concepts, every time I am about to invest I consider that money is already spent, and then if I lose them it would be easier for me to stand that.

[Jlv]

When you go in trading, accept already the fact that your always facing the risks and your money will be lose anytime because we don't know if we will win or lose.

[Oceat]

You can never reduce the risk to 0% obviously but you can reduce it by learning TA (technical analysis) and FA (fundamental analysis). Technical analysis is the study of charts and patterns in said charts, fundamental analysis is being smart about what's going on (if some news will affect the price or not).

These are all the tools we have, unless you have insider information of course. I don't think it's viable as a job, most people lose money. Just wait for big dips, buy them and hold it.

Any sites you can share teaching the basic technical analysis and giving an advice for fundamental analysis?
Thank you.

I think there's no sites on it or if they do, they were asking for a price before you know it because doing it, you must learn it through to yourself. Experience will going to teach you all of those TA and FA and with the help of your friend who or anyone who do tradings too. If you can pay for that price i think you can find it anywhere here, but you have to ask them first.

[veejay2716]

There will always be the risks in trading and we cannot avoid that so all you have to do is try to make trading the amount of money you can afford to lose and keep your emotions to handle the situations, don't be panic.

[enawati]

We are trader only possible to minimize the risk by use stop loss in every trade and lock some profit when the price on the way going up. Others risk management is buy minimum 2 different coin and also you should be have monthly target profit, and never greedy in trading because this is enemy of trader that will make big loss.

[Tervelatuk]

We are trader only possible to minimize the risk by use stop loss in every trade and lock some profit when the price on the way going up. Others risk management is buy minimum 2 different coin and also you should be have monthly target profit, and never greedy in trading because this is enemy of trader that will make big loss.

unfortunately in the crypto market there is no hedging feature. if this feature is there will certainly be very helpful in conducting risk management. especially in the market conditions are down, certainly can minimize the risk without having a cut loss.

[richminded]

When you go in trading, accept already the fact that your always facing the risks and your money will be lose anytime because we don't know if we will win or lose.

Risk is really everywhere because the moment you enter in this market that's already a risk, don't focus on the risk keep focusing on your goal to learn more about this market and of course to have some profit. Be a risk taker, don't miss this opportunity of having more source of income in the future

[creeps]

There will always be the risks in trading and we cannot avoid that so all you have to do is try to make trading the amount of money you can afford to lose and keep your emotions to handle the situations, don't be panic.

Emotions must not be used in trading, you should forget about that. trading is very risky, we cannot make the risk to be gone we can only minimize it by trading with supported study, meaning know how to trade well this can help you to minimize your losses and make more money for you.

[Altero]

There will always be the risks in trading and we cannot avoid that so all you have to do is try to make trading the amount of money you can afford to lose and keep your emotions to handle the situations, don't be panic.

Emotions must not be used in trading, you should forget about that. trading is very risky, we cannot make the risk to be gone we can only minimize it by trading with supported study, meaning know how to trade well this can help you to minimize your losses and make more money for you.

Risk is always be there, it could be help for us to not in focus of thinking of losing, instead we always be on positive. Though we have only 2 chances in trading are either losing or winning, that's we should have enough knowledge and wide acceptance of changes in market trend for us to sustain from crisis.

[Hirus]

Thank you all guys.
I Wil now lock this topic.