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Author Topic: Risks to consider before trading?  (Read 1519 times)
timcook (OP)
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June 18, 2019, 12:06:02 PM
 #1

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/


Let me know please, want to get as much help as possible!
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June 18, 2019, 12:26:05 PM
Merited by Mahanton (1)
 #2

1 - understand that you are in a crazy ass market
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June 18, 2019, 12:33:33 PM
 #3

You definitely should be aware of the fact that you can win a lot or lose it all. Welcome to crypto.
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June 18, 2019, 12:42:21 PM
 #4

Don't invest money that you can't afford to lose. Classic, but real.
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June 18, 2019, 12:50:23 PM
 #5

Don't trade mate. Long-term investing is a smarter choice.
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June 18, 2019, 01:02:38 PM
 #6

Get to know and realize the real risks in trading. Because as with other investments, in trading, the risks that can occur are commensurate with the profits that you can achieve. Prepare mentally and strong will to continue learning, because in trading there are so many things that need to be understood and learned.
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June 18, 2019, 10:03:39 PM
 #7

In addition to that article:

3.1. Distributed exchanges (DEX) are hackable too.
3.2. Even in a cold wallet, your assets can be a hot target for attacks.

6. Be careful when trading new forks or shitcoins.
7. At first, do not try margin trading.
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June 18, 2019, 10:07:42 PM
 #8

The worst thing that can happen to you is your emotions. Everyone is saying that emotions can only interfere with your trading. Therefore, this is the most important thing to learn, you need to make decisions with a sober mind.

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June 18, 2019, 10:58:44 PM
 #9

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/


Let me know please, want to get as much help as possible!


Just by reading those 5 risks listed on the site you have shared, that's enough already to understand what kind of things you will expect to face once you start doing trades. Read carefully and try to understand what are those.

If that's not enough, I don't know what kind of "help" do you want, as in here, you are asking for a complete spoonfeed guide from a scratch.

Other things can learn all the way. You just need to stay focus and relax. Spend time learning the basics. It's fine to experienced loss at the start. What matters in the early phase is to understand how to start trades e.g placing buy and sell orders, learning the platform interface, etc.

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June 18, 2019, 11:17:13 PM
 #10

Emotion is your one enemy in trading and experience in your way to learn trading if you surpass your emotion and make your own strategy Im your your journey to trading will be success.
Upon reading the article that you mentioned above this is good to know and apply to your trading risks management is important to trading.

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June 18, 2019, 11:36:28 PM
 #11

List to condired before trading as follow
1. Lack of skills and knowledge
2. Didn't know how to control itself for their emotion
3. Not focus and lack of time

That three list I share is base on my own experience, hoping for those people want to start in trading need to learn it before to start investing in trading.
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June 19, 2019, 01:59:43 AM
 #12

Emotion is your one enemy in trading and experience in your way to learn trading if you surpass your emotion and make your own strategy Im your your journey to trading will be success.
Upon reading the article that you mentioned above this is good to know and apply to your trading risks management is important to trading.

  Trading is too risky, everyone had suffered and try to surpass the inconveniency that affect emotions and plans on creating sensible strategy. But through experience we can manage and control the possible outcome in trading. And always lift up with confidence and positivity to conquer consequences.
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June 19, 2019, 02:17:13 AM
 #13

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/


Let me know please, want to get as much help as possible!

what you need to control is greed and mastering the levels of risk. that's my sincere advice because I used to lose more than $ 2k7 for my greed. It was my first investment and I had to receive a bitter defeat.
Always keep a cool head and always be alert in evaluating your business and buying time.

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June 19, 2019, 03:37:03 AM
 #14

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/


Let me know please, want to get as much help as possible!

I think that is the knowledge and interests of each person. If you really like trading and making money from this field, congratulations, you will easily make a lot of money in the crypto market.
but if you have no inspiration or are not suitable for trading, I recommend you only hold top coins at CMC.
Besides, you also need to have basic knowledge of financial and economic management. The success in investment depends on a lot of knowledge.

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June 19, 2019, 05:40:24 AM
 #15

Any other risks that I should be aware of before fully immersingm yself into trading crypto?

https://cryptotradernews.com/investing-trading/top-5-risks-to-consider-before-beginning-your-trading-career/


Let me know please, want to get as much help as possible!

That's right  these five risks must be considered for new users and want to enter the world of cryptocurrency trading, newbies tend to be easy to panic and dependence on signals given by others without their own analysis. in addition to market manipulation that is difficult to know, even if the manipulation itself is true or not, besides is being careful about FUD information.

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June 19, 2019, 05:51:59 AM
 #16

Emotion is your one enemy in trading and experience in your way to learn trading if you surpass your emotion and make your own strategy Im your your journey to trading will be success.
Upon reading the article that you mentioned above this is good to know and apply to your trading risks management is important to trading.
Emotions are things that become a major problem when we are going to trade, because when we cannot control emotions we will only be shackled in a very difficult situation. Arrange our emotions as well as possible and do not occasionally make a decision without considering various things to analyze.

If we can defeat emotion, we will be at the forefront of success !!!
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June 19, 2019, 05:52:34 AM
 #17

Emotion is your one enemy in trading and experience in your way to learn trading if you surpass your emotion and make your own strategy Im your your journey to trading will be success.
Upon reading the article that you mentioned above this is good to know and apply to your trading risks management is important to trading.

  Trading is too risky, everyone had suffered and try to surpass the inconveniency that affect emotions and plans on creating sensible strategy. But through experience we can manage and control the possible outcome in trading. And always lift up with confidence and positivity to conquer consequences.
I think the OP has said that trading has risks but from the risk you can get very much profit when you can deal with that risk, when you are trading you don't have to worry about thinking about the risks, make trading as a place of long-term savings, meaning you are trading using money that is not being used too much and after that you can wait until the price goes up by opening a sell order at a very high price so you don't miss to sell at expensive prices.

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June 19, 2019, 06:01:10 AM
 #18

Keeping your money in the form of crypto currency itself a risk because the prices keeps varies from minute to minute.

For trading you need to make sure that you will have enough time in your busy schedule to do the trading with strategies and also the profit margin,if you set high profit margin the risk also will be too high.

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June 19, 2019, 06:04:20 AM
 #19

the dangers around it is what we are to consider first to know how to literally tackle and the greatest fears is lose. this is minimized by proper study of the scale/market trend for accurate trade timing. one other thing i know is worth being cautious of is error of wrong account code. with this one may also lose coin during trading.so, proper verification of number should be ensured.
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June 19, 2019, 06:17:09 AM
Last edit: June 19, 2019, 09:02:14 AM by deisik
 #20

Let me know please, want to get as much help as possible!

You are not likely fit for trading

Well, there is in fact a small chance that you are (let's not discard this possibility altogether), but the majority of people are definitely not. I don't know what's written in those 5 risks to consider before starting your trading career but I'm certain that the major risk is not mentioned there. And this risk is that most people are not very good for trading overall and will never be. Actually, it is the same risk that follows us everywhere in life and that explains why we make the same mistakes over and over again

Most of us most of the time are making decisions based on emotions, and while in real life it doesn't necessarily have devastating consequences (after all we've been relying on our decision making machinery for thousands of years), mistakes in trading are fatal. The point is, under the stress of trading you will be making mistakes no matter how hard you believe that you will not. In a sense, mistakes are hard-wired in us and that's why only a few people have a proper mindset to succeed at trading

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