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Author Topic: Wanna Know how to trade?  (Read 1019 times)
isaac_clarke22
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May 07, 2020, 06:43:28 PM
 #21

Easy to tell but hard to execute, OP.
There is an emotion involved and it is hard to control that inside trading since it involves your money that could lost anytime if you didn't do it right.
Failing is part of trading, but it shouldn't be the primary focus.
Been saying that in my own ears when I traded back in the days.
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May 07, 2020, 06:56:03 PM
 #22

Actually, it depends on the market, you can learn the charts, but your prediction is not always correct, sometimes it will be missing or wrong.
Like the current market conditions, BTC has increased as the number will halve in a few days and in a situation like this, which is very difficult to predict on the basis of diagrams, people are more dependent on Fundalmental at this time.

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Teawhalee
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May 07, 2020, 08:19:47 PM
 #23

The best way to learn is by failing. Sometimes you have to look beyond failure. The fear of avoiding failure is what makes some people not to trade at all. I know many people in that category that entrust fund in other people hand to trade for them. I prefer to do it yourself.

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May 07, 2020, 08:27:46 PM
 #24

You can approach to trading as a game, gambling - you always loose because you don´t know what you are doing. Or you can learn and try to be better than 90% traders and then you will earn their money.  Cool Wink

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May 07, 2020, 09:40:40 PM
 #25

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.

You are right, there's a general saying that practice makes perfect and it's apply in any field of life. The key to success is consistency and keeping the hopes high. By making mistakes or failing, you'll be learning a lot and there is a greater chance you won't make such particular mistakes which means you can make just so far for surely one day, you'll emerge victorious
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May 07, 2020, 11:10:30 PM
 #26

You may not be able to change the past but can learn from it. Failer is the best lessons in my opinion and it is out of the question. But that doesn't mean every fail can bring you to success. l mean we don't need to be better in trading, we must only try following good strategies and also seeing something that others don't see. Every day try to find new ways and just follow just some of them, which can bring you to success.

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May 07, 2020, 11:16:20 PM
 #27

In the trading field is not about you are good how to make an analyst but more than that you need an experience and I think an experience is the important part when we get success in trading. It will be better for some newbies here who want to try to trade they may need to do more practice rather than they learn about trading strategy. You can spend a little money first to start and you have to willing to lose all your money or it means you failed in it.
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May 07, 2020, 11:27:24 PM
 #28

You may not be able to change the past but can learn from it. Failer is the best lessons in my opinion and it is out of the question. But that doesn't mean every fail can bring you to success. l mean we don't need to be better in trading, we must only try following good strategies and also seeing something that others don't see. Every day try to find new ways and just follow just some of them, which can bring you to success.

Arguably the realest message I've read today. consistent failure dosen't quaratee success, it will only make you understand the market better and if you end up not learning lessons from the failures, you'll end up keep failing. This is similar to the fact that the higher the risk, the higher the output but when you don't take calculated risk, you'll end up Rekking your assets
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May 07, 2020, 11:33:18 PM
 #29

Yes experiencing failure helps in improving to be better. But the fact that failing and failing in trading does mean it's okay. We have this what we called "capital" that will hep us to make profits, if failing will always comes in our way everytime we trade, what else will happen to us? Yeah, we'll learn but at the same time we lose our money. So I'll say that it will be better that if we fail, make sure to learn from it quickly so you won't experience the same mistake over and over again.
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May 08, 2020, 04:07:49 AM
Last edit: May 09, 2020, 05:24:44 AM by bgaf
 #30

Many people says that trading can be learn and we can earn money from it. I hope people realized that is not easy as they can say. There are basic guides for this to learn but concept should be learn with experience and rely also on may factors not just the technical analysis. Right now, as we approaches halving we can see that it bypass the fundamentals of technical analysis and traders are confuse whether they are correct or following right what they learned.

I am most the time loses than gaining on trading so I know how hard it is to do this.
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May 08, 2020, 07:31:41 AM
 #31

Many people says that trading can be learn and we can money from it. I hope people realized that is not easy as they can say. There are basic guides for this to learn but concept should be learn with experience and rely also on may factors not just the technical analysis. Right now, as we approaches halving we can see that it bypass the fundamentals of technical analysis and traders are confuse whether they are correct or following right what they learned.

I am most the time loses than gaining on trading so I know how hard it is to do this.

It needs some time to learn to trade. Learning process about trading itself will not stop even if you already have much experience in trading because the market will always move and change from time to time. If you don't improve your skills in trading, you will feel difficult to make a profit, and that means you need to learn more about trading.

You can follow the fundamentals or technical analysis, but you should analyze by yourself, so you don't get panic if they don't give the right information about the market. In the halving moment, there will be so many predictions from other people, so you need to figure out by yourself to find the real information.

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May 08, 2020, 07:45:55 AM
 #32

In trading indeed we do not always win even often fail mamun we have to find where our mistakes and continue to improve and rest assured for the future certainly get satisfactory results, for the first time trading do not be too ambitious to get results but learn first how to trade properly.

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May 08, 2020, 09:57:17 AM
 #33

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.
If the loss is too much, it's best that you take a break from it. Seriously, if you lose all the money there will be no other way for you to continue the trading.

Take your time and learn about it and look at the reasons why you have been losing your money, if you're able to figure them out , you can then look for ways to sort out your problem. Making a constant loss means that things are not being done right, so it's best to stop and look for a solution and not just keep repeating it and losing your money. And moreover trading does not work for everyone, if it's not working after a hard try, then look for something else.
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May 08, 2020, 10:13:56 AM
 #34

Do you wanna know how to trade briliiantly, then you cannot be afraid,

Traders Fail, Fail, and Fail again and again; but make sure that you learn to fail better, learn to fail in grand styles. Soon you will be be unable to fail because you have experienced what it looks like to fail, and why it happened that you fail.

Thats when you will start to consistently win; let away the fear, fail, embrace the failure by learning to be better; then you will enjoy every bits of trading.
To stay safe in trading I avoid constant trading, I only buy Bitcoin when the price is low and sell when price is high, this is the safest trading strategy, you will hardly lose money this way

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May 08, 2020, 10:49:10 AM
 #35

To avoid failure in trading, you need to have a lot of knowledge about this market. If you do not have the knowledge, surely you will continuously lose money and in the end you will lose everything

wingfield_crypto
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May 08, 2020, 11:02:36 AM
 #36

     Trading is also based on information. You invest in a project when you are sure that the project is a success. Moreover, it is important not to expect quick gains, so you only need to invest the amount of money you can afford to lose. It is also important not to invest the entire amount of money in a single project, because the risk is too high.
kceekcee (OP)
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May 08, 2020, 11:06:40 AM
 #37

I can take the main point from your explanation if it's about how we can learn from our past experience and try to do better in the future. This is a common thing in the crypto but the problem is it's not enough just try to learn from our past experience but we must also try to learn how to trade combined with various data.

I think learning from past experience needs to be explained thoroughly.

When you are learning from your past mistakes, it means that you have identified the cause, shortlisted a better method and subjected yourself to learning further more and more advanced. If you just learn from the mistake and not upgrading your knowledge by unlearning to relearn.

Then there is not going to be any significant progress.
Jating
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May 08, 2020, 12:21:34 PM
 #38

I can take the main point from your explanation if it's about how we can learn from our past experience and try to do better in the future. This is a common thing in the crypto but the problem is it's not enough just try to learn from our past experience but we must also try to learn how to trade combined with various data.

I think learning from past experience needs to be explained thoroughly.

When you are learning from your past mistakes, it means that you have identified the cause, shortlisted a better method and subjected yourself to learning further more and more advanced. If you just learn from the mistake and not upgrading your knowledge by unlearning to relearn.

Then there is not going to be any significant progress.

Right and to add to that, you should write down everything, what went wrong, the root cause and try to find a solution. I usually write it down on a notepad and try to understand where my mistakes are and to be sure that I won't repeat the same mistakes again. Maybe I became too emotional and attached to the project itself that's why a wasn't able to get out while I'm still in a profit. There's no successful trader that started winning, everyone goes on that painful experience. It's really up to us how to used that and motivated and educate ourselves more to become a good and effective trader.
FireBallex
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May 08, 2020, 01:20:16 PM
 #39

The best time to trade is now, the greenish state where you can easily get some dollars without worrying too much because big FOMO is happening since days back now due to next BTC halving, believe me green market will stay around for few more days, price will fall but quick recovery will always take place too

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gundala
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May 08, 2020, 10:42:53 PM
 #40

The best time to trade is now, the greenish state where you can easily get some dollars without worrying too much because big FOMO is happening since days back now due to next BTC halving, believe me green market will stay around for few more days, price will fall but quick recovery will always take place too
It is very good if you have high confidence in your analytical skills. One of the keys to trading is self-confidence, the analysis is done independently and is not distracted by the analysis or predictions of others. If wrong, find the error and correct it. Someone who gives up and doesn't do an evaluation, will not get anything. Trading is a long process to be truly understood, enjoy this learning process and don't be in a hurry.

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