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Finestream
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March 07, 2019, 09:55:31 PM |
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Trading without a good knowledge about this field is very risky. But you have to start at some point to get the experience required for the coming trades. My advice for novices with crypto trading is that they start reading and getting more knowledge first, and start their first trades with small amounts just to get some experience.
Right.It would be like gambling if you start trading without full understanding about this matter.You should know the basics first and make a deep research on trading so you will be able to generate profits and not maximize losses when you're in the real field of trading.And as much as possible,trade first with a small amount and as you make profits with it,that's the time to increase your trading capital. |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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markdario112616
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March 07, 2019, 10:04:18 PM |
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Trading without a good knowledge about this field is very risky.
I'd rather say, Trading in General. TBH, I have minimal knowledge about Crypts or simply at Bitcoin, though I have an experience in handling stocks. I'd say it's risky if you didn't have an idea about trading at all. Since the basics of Bitcoin can easily be understood if and only if the person is really eager to learn. Though, Trading in general is risky at any aspect. But I'd agree, try to avoid engaging such activities without proper knowledge. I'd suggest that before anything else make sure that an action is always accompanied by information and knowledge, nonetheless, expect the worst. |
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faceoff97
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March 26, 2019, 10:54:55 PM |
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Trading is like a game and a very risky one as such you really need to be able to analyze the market before you make good profits from it. If you are not ready to learn and develop your skills, you will not be able to succeed in trading.
Since I'm not good at trading I much prefer to just buy and hold. Trading demands alot of time and effort, this has to be done with wise assumptions. This is why I just buy as much as I can afford just hold them in secure wallet. Since I prefer multiple kind of coins, I choose to have a Hodler which is multi open source wallet that provides full control of the private key making sure that I'm alone has taking over the assets. That is why sometimes i don't trade with uncertainty on my mind cause sometimes it really affects your trading style. Holding takes time tp get a profit, but at least it has a sure income however you'll not get the experience you need to be a pro trader. It's a lot better to hold, the only people is the sudden change in price but it actually regain it's high price again. Just hold for longer period of time and not have them in an exchange but in a secure wallet like hardware wallet or open source wallet. I found Hodler wallet and this is good version of multiwallet, they also have hardware version of it. |
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bravehearth0319
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March 26, 2019, 11:36:32 PM |
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The title is true. Don't do day trading unless you're a skilled and experienced traders. The prices of coins nowadays are not always on the rising side. Unskilled trader may lose bigtime with current situations. If you still want to try to gain experience, trade only the amount you can afford to lose.
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juragane
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Activity: 476
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CAT.EX Exchange
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March 27, 2019, 12:25:54 AM |
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Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
crypto trading is the same as gambling, obviously very different from trading with gambling, if we trade we will be able to get a profit from the price difference and if we experience a loss then our money is still only reduced but not lost. different from gambling if we win we can get a lot but if we lose then all our money will be lost. |
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iqlimasyadiqa
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March 27, 2019, 12:39:47 AM |
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Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
crypto trading is the same as gambling, obviously very different from trading with gambling, if we trade we will be able to get a profit from the price difference and if we experience a loss then our money is still only reduced but not lost. different from gambling if we win we can get a lot but if we lose then all our money will be lost. That can be said to be very different from gambling. but hope that it can be seen that the risks that might be obtained are quite high, especially when we mistakenly choose coins and the coin can be dumped in such a huge amount. so please be careful and make the right decision. the difference is that we can analyze trading, while gambling only depends on luck. |
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Question123
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March 27, 2019, 01:33:22 AM |
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All the you said is all risky but they divided into different or level of risk.
Trading is also risk that can possiblw for your money to gone once you do wrong action and for sure you will not earn money on that. Make sure once you entered the trading you have even little knowledge about it and you will develop it once you are in the trading because if you keep researching your knowledge will grow for sure.
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BigTeeths
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March 27, 2019, 03:01:48 AM |
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Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
It's not a bad experience if only you don't used huge money to buy those digital assets and thinking it was easy to profit. For newbies, you should start with an amount that is like an extra money for you and then if you loss, you will think that you've learned a lot with those experiences instead of thinking of your losses . |
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sedahan13
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March 27, 2019, 04:38:03 AM |
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Trading activity only for risk taker that ready with the loss, but if we compare with others business , every business has each risk so i think we should be learn about trading and understanding the risk and the potential profit. Alot of people can make amillion dollar from trading activity for a few years so we have also opportunity to make it.
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Aivaryamal
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March 27, 2019, 05:25:41 AM |
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Trading is not exactly a gamble, where much depends on luck too, in the digital market can be analyzed technically, affect some news, developments on the platform
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gabbie2010
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March 27, 2019, 05:28:08 AM |
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Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
Every successful trader had one or two bad experience to recount in their trading history in most cases they got their investment or funded account burnt however they move on and gained more experienced invariably learnt there lessons majority of newbies traders do trade with more percentage of their total portfolio against the rule of a trading plan. I implore you take every caution and improve on your trading emotions when trading again and devise a working trading plan with a sound money management so as to have an edge over the market and don't forget to trade with maximum of 5% of your portfolio and trade with a wide stoploss. |
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Xising
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March 27, 2019, 06:31:59 AM |
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Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
Well, you can say that this is true, especially considering that the trading market is as harsh as it can get these days. It really can kill off one's hopes to succeed, especially when you follow through on a wrong lead or a wrong coin, which happens a lot these days. However, one can't gain experience if he would not plunge it and take the risks at times. In this market, I think there is always that certain aspect of some activities being a "leap of faith" where one must conquer and embrace the risks, maybe for the sake of getting a good result or at least the experience that comes with it. As much as it is better to have a concrete plan of action, the knowledge and the experience, you can't get any of those without enough experience under your belt. |
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RaimondRandom
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March 27, 2019, 07:28:24 AM |
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Hello, is there anybody who use statistical method to forecast crypto?
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BeGoods
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March 27, 2019, 12:02:27 PM |
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Trading without a good knowledge about this field is very risky. But you have to start at some point to get the experience required for the coming trades. My advice for novices with crypto trading is that they start reading and getting more knowledge first, and start their first trades with small amounts just to get some experience.
Learning without trying will never work, so anyone can try trading. but you have to know your position mate, which means you have to know that you don't have a lot of knowledge and experience, so you have to use small capital first to try and practice |
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Ailmand
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March 27, 2019, 01:31:22 PM |
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Really it will become just like gambling, addictive and manipulative, it's very much like poker only if you are an expert you can accomplish something
This is also a remind for myself, sometime I would like to trade again but I remember the bad experiences I had with it and stop
Yes if you are trading without knowing what you are doing then it is just like gambling . There are so many platform that allows you to practice your skills why don't you try it first to learn . And there are so many tutorial that you could watch in order to learn how to trade properly . Remember that all professionals started from the bottom too and spend time studying and learning it so if you want to be successful in trading there isn't a short cut in it. |
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RaimondRandom
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March 27, 2019, 01:59:26 PM |
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Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
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proTECH77
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Bisq Market Day - March 20th 2023
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March 27, 2019, 02:09:57 PM |
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Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
Beware of scammers who will come out to speak of themselves as good traders but end up scam you from your hard earned money. According to the subject of the thread; "Avoid trading unless you are sure of what you do", there are many traders in the market that aren't sure of themselves, so, keep your money or invest it on Bitcoin for a long term and get the reward in due time. |
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calya
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March 27, 2019, 02:24:09 PM |
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Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
Beware of scammers who will come out to speak of themselves as good traders but end up scam you from your hard earned money. According to the subject of the thread; "Avoid trading unless you are sure of what you do", there are many traders in the market that aren't sure of themselves, so, keep your money or invest it on Bitcoin for a long term and get the reward in due time. don't ever tempted by another people story.most them want to be seen as successful by others eventhough they have no any proved about their success story. |
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RaimondRandom
Newbie
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March 27, 2019, 02:24:36 PM |
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Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
Beware of scammers who will come out to speak of themselves as good traders but end up scam you from your hard earned money. According to the subject of the thread; "Avoid trading unless you are sure of what you do", there are many traders in the market that aren't sure of themselves, so, keep your money or invest it on Bitcoin for a long term and get the reward in due time. Thanks a lot! |
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kennen1113
Jr. Member
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Activity: 224
Merit: 3
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March 27, 2019, 03:31:24 PM |
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Trading without a good knowledge about this field is very risky. But you have to start at some point to get the experience required for the coming trades. My advice for novices with crypto trading is that they start reading and getting more knowledge first, and start their first trades with small amounts just to get some experience.
Learning without trying will never work, so anyone can try trading. but you have to know your position mate, which means you have to know that you don't have a lot of knowledge and experience, so you have to use small capital first to try and practice More precisely, I think that we still have some knowledge in the early stages, what we lack is experience and reliability from the knowledge we have learned, and the only way to gain experience and know the accuracy of knowledge is as you say, use small capital and participate directly in the market. And I feel that this topic is not true because I believe that no one is sure what they do in trading, everything is predictable, and we can only know our predictions are correct until we join trading, avoid trading just for us when we use emotions to trade |
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