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Author Topic: Everything you wanted to know about BTC futures but were afraid to ask!  (Read 3955 times)
MusaMohamed
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October 02, 2023, 12:50:49 AM
Merited by JayJuanGee (1)
 #181

Trading is difficult.
The first lesson is you never lose: either you gain, or you learn something. Having said that, you should trade only with a sum you are allowed to lose entirely.
Never trade with your life savings, and never think that paper trading (trading with fake money) is a good exercise for the real thing.
I agree with you.

First don't use life savings for trading because trading is difficult, it's easy to lose all or most of trading capital. If your trading capital is life savings, you will lose rest of your life or will live in pain.

Second, after having good trading capital allocation, not from life savings, it's good if a trader has a plan to gradually withdraw profit to slowly retrieve initial trading capital back. With trading, loss can come anytime but if a trader already retrieve initial capital back, it's fine even he loses profit part.

Quote
So, to sum up, my advice would be: to start slowly, be prepared for economic losses, but have a better understanding of the market.
It's so hard to understand the market and four years or more are needed to understand it. 1 or 2 market cycles that are 4 years or 8 years to understand the market.

R


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October 02, 2023, 05:06:59 AM
 #182

Trading is difficult.
The first lesson is you never lose: either you gain, or you learn something. Having said that, you should trade only with a sum you are allowed to lose entirely.
Never trade with your life savings, and never think that paper trading (trading with fake money) is a good exercise for the real thing.

So, to sum up, my advice would be: to start slowly, be prepared for economic losses, but have a better understanding of the market.
Firstly lesson before start with trading have financial dependent or using free fund for trading capital how to anticipate when getting loss with wrong coins for trading, have bad habit with trader brave deposit their saving fund and  most extra ordinary crazy using an illegal loan have higher loan interest for trading capital.

An extremely when joining with future trading without have basic knowledge about risk management in trading, unbelievable with many kinds of trader typical right now not only lack knowledge but also not think forward when getting loss due from saving capital or borrowing funds.

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Dickiy
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October 02, 2023, 02:01:36 PM
 #183

<...>
As expert in the futures, what steps would you recommend to new trader in the field of Futures trading.

Trading is difficult.
The first lesson is you never lose: either you gain, or you learn something. Having said that, you should trade only with a sum you are allowed to lose entirely.
Never trade with your life savings, and never think that paper trading (trading with fake money) is a good exercise for the real thing.

So, to sum up, my advice would be: to start slowly, be prepared for economic losses, but have a better understanding of the market.

Exactly, honestly I would also say that trading is not easy and very difficult to conquer. But even though this is difficult does not mean you have to retreat and give up, believe me every problem must have a solution and this is the same as trading, although you may be quite difficult in trading but that does not mean it is impossible for you to achieve some profits there. There is absolutely no reason for you to give up if your conditions are favorable, especially in financial matters.

I really agree with your first point, which is that it is true that they should not waste any time not to learn, because the market is volatile so there will always be changes, therefore we must always improve our knowledge in order to stay balanced with the current market conditions, and well for the budget problem it is very appropriate even though you are very excited about the opportunity for large profits but I say the final result will not always be what you want. Therefore as you said, try to always use money that you will be able to be responsible for whatever the results of your trading, meaning that it will not be a big problem even if you experience losses, and of course indirectly it will be able to keep yourself calm.

Good advice buddy, it never hurts to start slowly and it's never too late for something better. The most important thing is that before you start you should consider everything, starting from the budget you will use and also do research for the plan that you think is best and suitable for your trading journey. Finally, don't always focus on profits, but you also need to think about the level of risk, and with that means you should always consider every decision. Not just profits but losses are obviously there too.
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November 06, 2023, 02:17:53 PM
Last edit: November 11, 2023, 07:18:19 PM by Egii Nna
 #184

Hi @fillippone This topic looks amazing and educational. I would like to be given permission to translate this topic to my local board (Naija local board pidgin) for better understanding of those on my local board.

fillippone (OP)
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November 08, 2023, 12:10:01 AM
Merited by vapourminer (1), JayJuanGee (1), 1miau (1)
 #185


Hi @fillippone This topic looks amazing and educational. I would like to be given permission to translate this topic to my local board (Naija local board pidgin) for better understanding of those on my local board.


Negative.
First, you should stop quoting so badly, and maybe learn about basic netiquette and forum rules.
Check here for example:
[GUIDE] Bitcointalk forum etiquette

Second, you are spamming the forum with similar requests, which is not good as there are specific threads for this.
Check here for example:
Help me translate my best posts in your Local Board

Third, as you can see in the above thread, you haven't checked the pidgin translation has already been made:
Check here:
Fourth, you haven't even checked your local board about the thread being translated already.
Check here:
 Re: Nigeria (Naija)



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November 08, 2023, 07:37:26 PM
 #186

Re: Everything you wanted to know about BTC futures but were afraid to ask!
Very nice thread, I wonder why I haven't seen this thread. It could be because I do not frequent the economics board. But judging from the title of this thread, it ought to be in the bitcoin discussion board. Are there special reasons that the thread is in the economics board?

@Egii Nna, please avoid such method of quoting. It is very horrible to behold.

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November 09, 2023, 02:13:46 AM
 #187

This thread is very helpful to me because as a beginner that I'm it isn't advisable to just rush into trading in bitcoin without knowing the ethics and techniques to be applied in other to be a successful trader so I've really been able to acquire some knowledge in this thread and I look forward for more thread that will be of more clarity to the comprehension of a beginner

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