Do we really know how to trade?

[Slow death]

This crypto market is very volatile and very unpredictable, even if people have a lot of knowledge and have done a lot of research, they still risk losing money in this market. something that people sleep when the price is X and when the person wakes up the price increased a lot or fell a lot, it becomes very difficult to predict

Indeed when we look at the prices, it is obvious that we do not know how to trade as a whole. Also psychology is the leading problem, which the majority is unable to know the right and wrong time. Moreover the current adoption is also a topic that can be helpful as time goes by.

look at the whole crypto community and see that nobody is able to hit the price forecasts and this happens because it is a very volatile market and very difficult to predict

[1715540335]

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[Indrawan77]

In trading we also need to keep on update the market condition and the newest news, I agree that to become a successful traders we need to do a depth research, we need knowledge, experience and strategy to become a good trader, and we also need to prepare mentally, because not every time the result we expect could become true, by keep on learning and accumulate experience we could become a better trader

[Huskarls]

Indeed when we look at the prices, it is obvious that we do not know how to trade as a whole. Also psychology is the leading problem, which the majority is unable to know the right and wrong time. Moreover the current adoption is also a topic that can be helpful as time goes by.

Although it is a major problem, psychology is something that can still be controlled, at least on our side, because it will be impossible to control the market side. And I think adoption will only last a while. Not a good decision to take it all the time

[Best Dreams]

Indeed when we look at the prices, it is obvious that we do not know how to trade as a whole. Also psychology is the leading problem, which the majority is unable to know the right and wrong time. Moreover the current adoption is also a topic that can be helpful as time goes by.

Although it is a major problem, psychology is something that can still be controlled, at least on our side, because it will be impossible to control the market side. And I think adoption will only last a while. Not a good decision to take it all the time

Surely it is not always time to adopt and not always time to sell, there are fixed time call as green and red market which is symbol to sell and buy, if you are really urge to learn trading then there is no end for it, never be over confident and think you have learn trading thoroughly because keep learning and learning can give you power to become a future expert trader.

[Ranly123]

If you want to engage in cryptocurrency, of course you need to learn how to trade since you cannot buy and sell to earn profit if you don't know how to trade. I don't think being passive will bring you to somewhere in this competitive nature of cryptocurrency.

[Distinctin]

If you want to engage in cryptocurrency, of course you need to learn how to trade since you cannot buy and sell to earn profit if you don't know how to trade. I don't think being passive will bring you to somewhere in this competitive nature of cryptocurrency.

It really make no sense anymore if we don't even know even the basic way of trading. Even we do just participating bounties and received their tokens still we need to trade it into BTC or ETH to make it used in the market and that's make basic learning in trading is very important.

[BitHodler]

Although it is a major problem, psychology is something that can still be controlled, at least on our side, because it will be impossible to control the market side.

Is that so? Try to put your money where your mouth is, and you'll see how much control you have once the market is tanking again. You'll see that you have no control at all, especially when you either used credit or over-invested.

Even the most professional traders don't claim to have that level of control, which is why most of them use bots instead of staring at screens all day trading manually. It's clear that people haven't had much prior experience with markets.

People here seem to overestimate themselves, but severely underestimate the irrational nature of this market. This is how people end up losing their savings after a myriad of wrong trades and investments.

[FUD Expert]

I really don't know much about the whole technicals of trading but I still manage to make it work. Because most of the time, I am a in long term hold. As long as I can buy it low and then sell it high then I'm satisfied with that. Making those cups, head and shoulder patterns and etc are not worth it for those shitcoins.

[Koro-Sensei]

For me to be honest I don't really know what are the proper ways to trade but I do know hwo to trade like buy and selling only with no strategy or anything lol😂  when some tokens are accidentally fallen to my wallet I immediately convert it into BTC don't care about the ups and downs just the money at that moment lol practical living lol.

[mrdeposit]

In the present case it is thought-provoking how knowledge works. Besides gut instinct also plays big role.

I really don't know much about the whole technicals of trading but I still manage to make it work. Because most of the time, I am a in long term hold. As long as I can buy it low and then sell it high then I'm satisfied with that. Making those cups, head and shoulder patterns and etc are not worth it for those shitcoins.

I do not think there are so many people who have all the technical knowledge about trade. Work hard to be more knowledgeable and as time goes by, this information increases, you become more experienced.

[btc_angela]

I believe we all know how to trade but never practice and understand market works will make our strategy fails, trust me.

We all know because once we started trading that already tells us we know how to trade.
However, it should be the result that will determine if we are a successful trader or not, we can read a lot of good information
that could help but theory is always different when you put it in actual practice.

We should not only based on theory, we have to make our own judgement and the longer we trade the better we understand the market
and that will help us to improve our strategy.

Theory is helpful but it's based on general experience, you have your own when you trade and you cannot write everything into a book .

That's why I firmly believed that you really need to go out and get the experience. Books will only tell you something but if you don't practice it, you won't learn. Well at least that what someone taught me in life not just trading. Go get your hands dirty and learn by experience and up to this day I try to apply that in my everyday life and it really helps and guide me in my decision. Throw away that book and go and trade and play and see what fit and works for you.

[DevilSlayer]

I will not make investment in trading if I do not know how it works. Actually, I fully prepared to the risks that I will fave before I entered to the trading of cryptocurrencies. I studied  many research and articles about trading for ke to understand how it works.

[bitgolden]

I will not make investment in trading if I do not know how it works. Actually, I fully prepared to the risks that I will fave before I entered to the trading of cryptocurrencies. I studied  many research and articles about trading for ke to understand how it works.

Being very new in trading crypto currencies, you need to be too much careful. You should try to get knowledge first about trading and after getting good knowledge you should start trading with a least amount, first you need to gain some experience which you can only get from practical trading. After that you can steadily increasing your trading amount.

I know a lot of people disappointed from trading , but their main reason is that they even having less experience in trading field invested a big amount of money which cases a big lost for them.

[maxreish]

There are a lot of trading tips on how to crypto trade. If a newbie will read this thread, they will definitely have difficulty in understanding it. Basic knowledge in trading is the first step to learn. Btt forum and youtube will help you,too. Fundamental and technical analysis is a great help to earn profits.
Try this website on basic trading tips.

[arpon11]

In trading, there isn't right or wrong.

Beside  some basic rules of trading like good money management and emotionless decisions, everything else is individual. The most important in my eyes is to learn from our own mistakes and never repeat it again. Everything else is blah-blah.

Learnining from our mistakes is the hardest way to learned but it is the best way and most effective way to know the secret of market behavior and invest at the right time.  Experienced will teach you what no man can teach you and you will make profits consistently if you are an experience trader.  Most times I don't even do analysis using technical and fundamentals indicators but through experience and what I have learned through my mistake I will know were the market is heading to and the best time to invest.

[traderethereum]

To be honest, I never think about if I really know how to trade or not. All I need to do is buy at a low price and sell at a high price, and I am very agree with that.
With only following the basics methods of trading, we could always make a profit in every day, but unfortunately, it's not easy as we say because it will need more learning and more experience to know the right time to buy and sell.
I suggest you do not think about that because you will be confusing to determine the truth, the best thing you can do right now is continue to trade, try to buy low and sell high, and you are good to continue.

[futile-resistance]

To be honest, I never think about if I really know how to trade or not. All I need to do is buy at a low price and sell at a high price, and I am very agree with that.
With only following the basics methods of trading, we could always make a profit in every day, but unfortunately, it's not easy as we say because it will need more learning and more experience to know the right time to buy and sell.
I suggest you do not think about that because you will be confusing to determine the truth, the best thing you can do right now is continue to trade, try to buy low and sell high, and you are good to continue.

The only key to success in trading is buying low and selling high but buying low is really a challenging task as it really takes a lot of research and knowledge before you know the perfect dip. Any new individual who would join trading can even have profits if he invest in any random coin when the coin is deep seeing the yearly graph ratio and waiting until the expected price is been reached.

This will make profits for those peoples much easier and also not much skills are required there. But a professional trader can find a dip in any coin he is interested in and will invest at a perfect price setting a stop-loss and waiting for the expected price to reach.

[Bitcotalk]

There are a lot of trading tips on how to crypto trade. If a newbie will read this thread, they will definitely have difficulty in understanding it. Basic knowledge in trading is the first step to learn. Btt forum and youtube will help you,too. Fundamental and technical analysis is a great help to earn profits.
Try this website on basic trading tips.

Cryptocurrency is not much difficult. There are peoples who learned trading in almost few countable days so it would really not be such difficult task. Forum threads from reputable members or youtube videos may prove beneficial as long as you are gathering the basic information.

If you deeply want to be a professional into it then you need to learn a lot of things yourself which won't be taught on youtube or any website. New peoples actually read such threads and try trading with lower volumes or paper trading an done they understand how the markets works they invest higher amounts and slowly and steadily start going deeper into it.

[traderethereum]

To be honest, I never think about if I really know how to trade or not. All I need to do is buy at a low price and sell at a high price, and I am very agree with that.
With only following the basics methods of trading, we could always make a profit in every day, but unfortunately, it's not easy as we say because it will need more learning and more experience to know the right time to buy and sell.
I suggest you do not think about that because you will be confusing to determine the truth, the best thing you can do right now is continue to trade, try to buy low and sell high, and you are good to continue.

The only key to success in trading is buying low and selling high but buying low is really a challenging task as it really takes a lot of research and knowledge before you know the perfect dip. Any new individual who would join trading can even have profits if he invest in any random coin when the coin is deep seeing the yearly graph ratio and waiting until the expected price is been reached.

This will make profits for those peoples much easier and also not much skills are required there. But a professional trader can find a dip in any coin he is interested in and will invest at a perfect price setting a stop-loss and waiting for the expected price to reach.

I definitely agree with you that is the only key to success in trading. But we know not many people who can buy low and sell high, and many of them have big greediness in trading, so they want to make a bigger profit.
In the basics of learning trading, buy low and sell high will be work in many situations but the problem, we cannot determine when the price can reach the low price and when the price can increase.
And if that is happening to us, then no other way for us to learn more about trading so at least, we can predict when the time comes.

[senyorito123]

To be honest, I never think about if I really know how to trade or not. All I need to do is buy at a low price and sell at a high price, and I am very agree with that.
With only following the basics methods of trading, we could always make a profit in every day, but unfortunately, it's not easy as we say because it will need more learning and more experience to know the right time to buy and sell.
I suggest you do not think about that because you will be confusing to determine the truth, the best thing you can do right now is continue to trade, try to buy low and sell high, and you are good to continue.

The only key to success in trading is buying low and selling high but buying low is really a challenging task as it really takes a lot of research and knowledge before you know the perfect dip. Any new individual who would join trading can even have profits if he invest in any random coin when the coin is deep seeing the yearly graph ratio and waiting until the expected price is been reached.

This will make profits for those peoples much easier and also not much skills are required there. But a professional trader can find a dip in any coin he is interested in and will invest at a perfect price setting a stop-loss and waiting for the expected price to reach.

I definitely agree with you that is the only key to success in trading. But we know not many people who can buy low and sell high, and many of them have big greediness in trading, so they want to make a bigger profit.
In the basics of learning trading, buy low and sell high will be work in many situations but the problem, we cannot determine when the price can reach the low price and when the price can increase.
And if that is happening to us, then no other way for us to learn more about trading so at least, we can predict when the time comes.

If you aim to trade and be successful with this said field, it takes interest to learn and be knowledgeable about it. It's best to acquire skills to be properly guided. It all depends on us on how much effort we put in order to be rewarded and the hardwork we invest that would lead to success. Staying informed and be updated can be very helpful inorder to stay on track. Never invest too much emotion, trading is not all about gaining positive outcome. Learn from failures and move forward.