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Author Topic: Avoid trading unless you are sure of what you do  (Read 23229 times)
Ucy
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March 28, 2019, 07:31:01 PM
 #201

It is much safer than poker if you concentrate a little more on established cryptocurrencies. If you need poker or gambling-like experience then you should trade the unpredictable low volume coins
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March 29, 2019, 02:36:06 AM
 #202

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.
If you stop trading, you will not experience the expected profit because to be able to enjoy profit only through trading. Indeed, there is certainly a possibility of loss because in any business, losses always exist, but without plunging into trade, they will not know the results.
Therefore do not be afraid to take risks because risk is part of trading and that is something that is natural, that the risk can be an encouragement to avoid loss.

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March 29, 2019, 03:06:47 AM
 #203

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March 29, 2019, 03:14:11 AM
 #204

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
They are out there but they do not have any necessity to prove themselves to anyone else, after all if you were a successful trader would you tell everyone on the Internet how much money are you making? You will only make yourself a target for hackers and that is never a good thing, so is likely that there are many successful traders in the forum but they are not bringing attention to themselves out of fear or just because they like to keep their privacy.

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March 29, 2019, 03:51:11 AM
 #205

Trading should not be compared with gambling, where you are likely to lose, because you are opposed to a certain algorithm, here you can set strict goals, sometimes wait and win much more
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March 29, 2019, 04:01:58 AM
 #206

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
They are out there but they do not have any necessity to prove themselves to anyone else, after all if you were a successful trader would you tell everyone on the Internet how much money are you making? You will only make yourself a target for hackers and that is never a good thing, so is likely that there are many successful traders in the forum but they are not bringing attention to themselves out of fear or just because they like to keep their privacy.
For sure they are quietly enjoying what they are doing right now,  most of those who are sharing their success, are also trying to gained  interest from newbies who's been easily to believe and some time they are just selling their knowledge to earned more money, successful traders are just around and making more for themselves and continue doing what is best for their investment.
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March 29, 2019, 04:40:12 AM
 #207

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
I have a friend who trades bitcoin pair usdt, and I know that he is a success trader because he can always make a profit and he can make trading as a job which ordinary people will be difficult to do. Although he says that he does not always making a profit, at the end of the month, he always makes a withdraw at least $500-$700. That is why I called him a successful trader because he always achieves his goals every month.
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March 29, 2019, 04:06:27 PM
 #208

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
They are out there but they do not have any necessity to prove themselves to anyone else, after all if you were a successful trader would you tell everyone on the Internet how much money are you making? You will only make yourself a target for hackers and that is never a good thing, so is likely that there are many successful traders in the forum but they are not bringing attention to themselves out of fear or just because they like to keep their privacy.

Yeah there's no logic to why people would brag their successful trades unless they're with other friends who are trading as well. And with the number of traders in this market, of course there are a lot of successful ones. I can say i'm a pretty decent trader myself and i don't have to prove that to anybody.


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March 29, 2019, 10:48:01 PM
 #209

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
I have a friend who trades bitcoin pair usdt, and I know that he is a success trader because he can always make a profit and he can make trading as a job which ordinary people will be difficult to do. Although he says that he does not always making a profit, at the end of the month, he always makes a withdraw at least $500-$700. That is why I called him a successful trader because he always achieves his goals every month.
You should suggest him to  have patience and sell only with high profit, it is very normal if the price changes  but waiting gives better result, that much profit is good but I think your friend can earn more than this he only will have to wait until he grab the opportunity and take advantage, choose the only promising coin and then make plan to trade with profit for long term.
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March 29, 2019, 10:57:34 PM
 #210

I can not stress this enough. First try with cryptocurrency trading simulator. As a co-founder of such exchange I can tell, not many of our users are successful as it's not that easy. People soon learn that it takes a lot of practice and analytic mind to be a successful trader. Why would you ever risk real money without practicing and making sure you can perform well in simulated environment.

Paper trading is of course is boring, but now we have tools for this.

One thing that you can not learn on simulator is to manage your emotions, but if you can not be successful on simulator without real money on the line, then trading is definitely not for you. 

Earn money by paper trading with play dollars - Crypto Parrot (https://cryptoparrot.com)
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March 29, 2019, 11:32:31 PM
 #211

Is not very addictive man but yeah is like gambling lots of your cash away i think the whole idea on cryptocurrencies trading is just seeing the market movements and then developing a pattern for yourself that will work in your favor and you gain through it

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March 30, 2019, 10:12:51 AM
 #212

right. I think this is one of the interesting things. people without knowledge in investment => investment = gambling
It is also a way to warn people who like to make money easily. to get money from everyone, it's not easy.
We should cultivate our daily knowledge so that we don't have to face big failures.

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March 30, 2019, 11:09:26 AM
 #213

Does anyone know at least one successful trader? friend or relative who earns money from cryptotrading? be honest
They are out there but they do not have any necessity to prove themselves to anyone else, after all if you were a successful trader would you tell everyone on the Internet how much money are you making? You will only make yourself a target for hackers and that is never a good thing, so is likely that there are many successful traders in the forum but they are not bringing attention to themselves out of fear or just because they like to keep their privacy.

Yeah there's no logic to why people would brag their successful trades unless they're with other friends who are trading as well. And with the number of traders in this market, of course there are a lot of successful ones. I can say i'm a pretty decent trader myself and i don't have to prove that to anybody.
Each trader do have different level of skills when it comes to trading and i dont see a point why you would need to prove something to anybody.As long you are profiting and do sustain with this very fierce competition
of this very trading market then you are on the good side no matter what. Avoiding or being scared would just block you to learn how to trade.It do just matter of trial and error.
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March 30, 2019, 03:03:55 PM
 #214

You can't learn anything until you try it so it is good to try the trading since it is good way to make money in short term but its just not for everyone when you are not capable of making profits then you have to stop doing it and be a long term holder.

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March 30, 2019, 04:08:07 PM
 #215

You can't learn anything until you try it so it is good to try the trading since it is good way to make money in short term but its just not for everyone when you are not capable of making profits then you have to stop doing it and be a long term holder.

Agreed, day trading is surely not for everyone. When starting out, I would actually always suggest to start with longterm positions and then go on trading simulators to keep yourself busy and see how you can perform in short-term trading.

Please note, that even if you successfully perform on simulated exchange this doesn't mean that you will perform well on real exchange once real money is on the line. You can only confirm whether you are capable to recognise the pattern and make good trading call when you are not effected by your own emotion. On the other hand if you can not perform well on simulated exchange then I think there is no point even trying to do day trading on real exchange.

Earn money by paper trading with play dollars - Crypto Parrot (https://cryptoparrot.com)
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March 30, 2019, 05:17:04 PM
 #216

It is true that without getting sufficient knowledge and experience one shouldn't actively do trading, as it wouldn't be profitable, you have to suffer losses. So, at first, one should concentrate on gaining information and knowledge and then do trading.
There are many factors that we need to take it before we really start trading. But in fact, knowledge plays a key role in trading because it's the basic condition which can help you to do trading profitably. If you don't prepare a good knowledge, you are more likely to get lost. Besides, perseverance, diligence, calmness and so on are both necessary in trading. Especially, you should remember " Practice makes perfect", the more you practice the better skill you can build up. In terms of trading, don't hesitate to take risk. If you make a mistake, let learn from it. However, you should avoid making the mistake twice.
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March 30, 2019, 05:36:33 PM
 #217

Trading is good opportunity for you,  trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading.  Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.
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March 30, 2019, 07:36:22 PM
 #218

Trading is good opportunity for you,  trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading.  Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.
I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.
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March 31, 2019, 02:23:37 AM
 #219

Trading is good opportunity for you,  trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading.  Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.
I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.
Yes, learning is very important in trading on which can help us to become aware on how to join in the flow of the market since we are new that could make us to minimize the risk and can help us to develop our own strategies in order to earn a huge amount of profit in trading.

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March 31, 2019, 02:29:58 AM
 #220

Trading is good opportunity for you,  trading is not reaquired a lot of information you learned first before you join because you can still learn if you trading.  Learning will not end it continue for sure. Don't avoid trading even you only have a little knowledge or information because you can improve it for sure.
I do not agree with you. Missing information will return more loss. Starting more knowledgeable from beginning will help him prevent from losing more money. Learning will not precisely prevent loss, but will surely help.
It's better to be more ready before you go and start dealing with trading, many factors are affecting this business and it's really hard to predict if you don't have enough knowledge, there's a lots of venue where you can learn how to execute well you just needed to keep doing your best searching for good place to understand everything.
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