The hard Truth

[madera]

Doesnt mean you cant benefit from them. Take bitwinex for example. I dont expect the platform to exist for long. But in the meantime...

[ethereumhunter]

By the way strategy is the most important mate not just knowledge 'cause its not enough especially on this risky situation of market. if i was you try to watch some trading skills ,and strategies on youtube so that you can obtain and you can build your own strategy as well. But always put some efforts onnit  mate 'cause it's for the sake of your capital which is you can't regain it after doing mistakes. So think first before anything . .

There are software’s in computers which are so efficient and stronger in all terms but they must need hardware to be implemented and this can be of any use. So don’t be like stupid who think knowledge is only thing. Although that factor has got its own value but you can’t just ignore strategy as well. If you don’t have the second one, how can you be able to make use of that knowledge?

I don't think that with using software for trading can help us to gain a big profit because we still need to understand how the software works and we need to learn about the software too. besides that, it'll need a time before everything is ready to use and help us to make a profit and usually, we need more explaining from the dev so we can learn the software. besides that, I think it is better that we can learn something about trading so we can do manual trade which will help us to know and understand about the market itself.

[matej krkic]

Best tip: never be involved in day-trading =)
Profit is small comparing to risks of the market volatility. Medium term and long term investments rock!

[avonka]

I do not know it it is 90% or not, but if you want to be successful trader you have to be better than the average. Successful tradors
can adopt to every market condition and very fast. While others are complaining they can make profit from every situation.

[Kemarit]

Throughout my trading education(self-learning) most contents I read or watch regarding crypto trading states it point blank that "about 90% of crypto traders lose their funds"in the cause of trading.

Not sure where you get that numbers though, but that's big, and I don't know if anyone here loses 90% and still find time to go trading.

This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.

Well obviously we enter a bear season in 2018, but it doesn't mean you can't earn in this situation. Others learn to short bitcoin will most stay at the alts market and have their own strategy on how to make money. Regarding professionals or newbie traders being successful, hard to say because this market is based on speculation, and everyone has its own strategy and might not be abiding our guided by ethics, IMHO.

I would be glad if members could share with us some of their tips and guides they've adopted in trading. I think good submissions will be of help to most people in this forum.

Thanks in advance!

Members can give you tons of tips but if you don't execute then its worthless. Remember that at the end of the day, its your decision that will make spell your successful in trading. Just take baby steps and see how it goes for you.

[ss890]

Last time I started traded was two weeks ago and it is still going on. Guess what I am not professional trader or I dont have any keen skills about the trading but I am still doing it based one logical methods. Now my trade is open for that long because I am just investing into coins that I like and I am holding them because I have not received my profits yet. That turns my trade into long term method and I dont care whatever it is as long as I am getting my profits.
So long story short, it doesnt matter how professional you are or what skills you carry, as long as you manage to have good trade opening and closing then you are good to go with it.

[chainedblocks]

Best tip: never be involved in day-trading =)
Profit is small comparing to risks of the market volatility. Medium term and long term investments rock!

I think you must not be saying this. I always prefer to ask different opinions from different people over different topics. And this ended with superb results that every person comes with different mindset. You can’t compare someone with you and you can’t just become someone either. Everyone is different and thus day trading is much liked by so many. Don’t assume it to be bad if you consider it bad.

[maninas]

loss is a very valuable lesson, where when we loss we can analyze why and why
from there we can know our mistakes and can fix them to improve our skills in trading
I believe all traders must have loss and the solution how to cover the loss with the profit that we can

[blackandred]

if u are proficient in encrypted transactions. u will definitely get a lot of money from it. but it requires a lot of experience and knowledge of encryption, as well as the latest market news. u need long-term persistence and a lot of practice

[Mahanton]

Last time I started traded was two weeks ago and it is still going on. Guess what I am not professional trader or I dont have any keen skills about the trading but I am still doing it based one logical methods. Now my trade is open for that long because I am just investing into coins that I like and I am holding them because I have not received my profits yet. That turns my trade into long term method and I dont care whatever it is as long as I am getting my profits.
So long story short, it doesnt matter how professional you are or what skills you carry, as long as you manage to have good trade opening and closing then you are good to go with it.

You are indeed doing trading but the thing you do mention is not really correlating on what you are trying to do. Why? You just simply decide to hold up for long term and its normal that you would able to get profits when the price tends to rise up which is entirely different for those people or traders do decide up to make short and riding with the volatility of each coins in the market.

[charlotte04]

Throughout my trading education(self-learning) most contents I read or watch regarding crypto trading states it point blank that "about 90% of crypto traders lose their funds"in the cause of trading.

This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.

I would be glad if members could share with us some of their tips and guides they've adopted in trading. I think good submissions will be of help to most people in this forum.

Thanks in advance!

Trading is hard for people that don't know how to do it correctly. In order for you to learn, then you should try to trade and you will lose at times but it would make you a good trader someday.

[BerneirBTC]

By the way strategy is the most important mate not just knowledge 'cause its not enough especially on this risky situation of market. if i was you try to watch some trading skills ,and strategies on youtube so that you can obtain and you can build your own strategy as well. But always put some efforts onnit  mate 'cause it's for the sake of your capital which is you can't regain it after doing mistakes. So think first before anything . .

Knowledge is equally important as strategy  in trading. Only strategy and following the charts will not help completely. Since bitcoin and altcoins depends upon news, it is very important that we learn about the altcoins and keep up to date of their upcoming projects and current situation.

[adzino]

It is not true. How do you know that 90% of people fail in trading? You probably went through the forum and saw people crying when they lose money in trading. Its in peoples nature. Whenever they lose anything they look for something to blame on and demotivates other people from doing the same even though its their own fault they lost. Again, people who are successfully trading don't post much about their success (not unless they lose all due to their greed/stupidity) for which it looks like that people most of the time loses money in trading.

[Petrogradka]

I think, to trade cryptocurrency on  large for all the money is risky, you first need to test the soil with small trades to see. Only then when you gain experience to trade and large deals. Trading strategy is developed its own.

[just_Alice]

Gaining from trading is possible, you just have to learn a lot of materials and years of practice wouldn't hurt. First thing you need to do is decide will that be daily trading, or long-term trading. Investing is more risky, on the other hand it's not that time-consuming, just buy some coins and forget about them for 2-3 years. There are some obvious choices which you should consider as win-win if you believe that crypto market will live: ETH, XRP, Cardano, NEO. Especially have eyes for the ones that cost about a dollar, only think about it - you can buy 20-30 of them and who knows, maybe they'll be as popular as BTC now and you'll have a huge profit, if no - you lose 30 USD, what a pity.
For daily trading you have to choose 3 things accurately: exchange, coin itself, daily strategy. Now, exchange should be the one that charges lowest fees, this will bring you more profit (Binance, Bitfinex). Coin and strategy is up to you, watch some videos on youtube before you start at least and it's better not to change your strategy very frequently as this will reduce your chances of hitting the mark.

[canadinhano]

No job can easily make money, so let your body adapt to the difficulties that life gives us.

[berrygood]

I think trading is a game of the big and little fish but holding is of everyone and we know that big fish always eat the little one but in holding there is no need to eat each other, we do but not like in trading.

[pobeditelvezde]

I am not going to prove that a marginal trading is an incredibly risky kind of trading. You should try to trade with a credit leverage to comprehend how it difficult and risky.
By far long term investors are the most surviable participants of stock exhange market. There is no secret they buy on lows and later sell on highs it is nothing special.
Whey are professional traders successful? It is obviously the professionals are much more experienced  they have big capital and use the money management and sometimes they have inside information.

[okocrypto]

The average trader is constantly faced with the challenge of greed and impatience. They want to make it so quick without integrating proper risk management. This is what is responsible for the huge losses. With proper risk management and sound education, one is bound to be profitable on the long run

[wuvdoll]

Throughout my trading education(self-learning) most contents I read or watch regarding crypto trading states it point blank that "about 90% of crypto traders lose their funds"in the cause of trading.

This has somehow made me lose interest in learning to trade. Does this mean, that as a new trader or even the professionals have a marginal percentage of being successful in crypto trading? if your answer is no, then I guess there is rules or ethics you abide by that has made you successful in most of your trading.

Thats true people that make money from trading usually just flocks together and not leak outside. Hence when they make money and become successful and rich we do not hear about it.

Gladly we can see that the people who keep losing money and react badly when the markets shifts we can see them cry here like you said. That is why people think that only rich people make money from trading and poor people keep losing money on trading, I have seen a lot of people that are in crypto that started out with less than a bitcoin back in the day and owns over 30-40 btc right now, they just don't talk about it and flail their earnings all around.