Rather learn to trade by yourself

[Oilacris]

This is a high volatility market? People don't understand what it means, it means the risk is very high, it can break you more than it can make you, it's takes luck and wisdom, consistency and lesson and teachings learned about trading, coupled with discipline the individual uses to take profit.

This crypto currency market is not trade fair or Walmart market.

Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.

Best is to learn the exact process or strategy, and trade for yourself, than give your money to someone to trade for you in a very high volatile market

Comparing this market on typical markets like Stocks and Forex then when it comes to volatility then theres no doubt that Crypto would really be on the top spot.

Yes, its risky but its also rewarding if you done it well but not all do end up on the same fate.Majority is on big loss because they do believe that market can really help them
on getting theirselves rich or else having that kind of too high ambitions thats whyt they do end up on a failure.

Trading for yourself is the best thing to be done and of course you would need to formulate your own trading style and strategy and as long you are profitable
then you're doing the job well.

Lots of options to earn on this crypto space but this had been the pretty common suggestion.

[maxreish]

That's why I don't do copy trading, making a ride or entrust fund to someone who will do trading for me. We know that we entered this risky and high volatile market, we actually learn trading by ourselves but we need to acquire proper wisdom and tools to benefit from this. This is not an easy way to make massive income, it's because we are in unstable market and it is hard to dance with the movements of it.

Rather than relying on other's trading entries, trading by yourself is the best  thing to do, learning how to read technical analysis will be a great help for a typical trader, too.

[so98nn]

This is a high volatility market?

Sure, because of it's current affairs and investments (virtually unlimited) it keeps changing the market cap at any given time and moves upside down. We all know it has not control in terms of volume and in addition to this market is open 24x7 so yeah it gets that volatility from there only.

People don't understand what it means, it means the risk is very high, it can break you more than it can make you,

Last time I checked people were actually happy with it since they think other way round! Man, it's simple formula; more the risk more is the profit. Also, it is how you play in this market and not how the market plays with you. If you do strategic investments/trades it can literally bump your profits nicely.

This crypto currency market is not trade fair or Walmart market.
Trading is very risky, we just trade with risk management. Never give anybody money to trade, if it goes soar wetin u go talk.
[...]

Everything is fair here. In fact people love the way they have gotten freedom because of the limitation free market. Moreover it has never been risk free so that call is on the trader. Even stocks and forex are risky.

[Wexnident]

True enough. The majority of the difficulties most people have in trading is actually deciding or knowing when to stop/quit, when to stop being influenced by greed. The decision making required to stay calm and to exit when you profited is the most important and vital part of trading. Even if we call it a highly volatile market, it really isn't an excuse since if so, then those at stocks shouldn't be able to lose money right? But they still lose it. Traders lose money due to having failed their decision making, no matter what we call it such as luck, unfortunate, accident or whatever, a wrong decision is a wrong decision.

Even if you use the analysis of others, be sure to actually use it only as a basis, not as the core. You can even straight up ignore others' analysis, just do what you want to really do in trading. It's your own money, why would you invest based on what others have said right? Self-learners tend to lose money early on due to not knowing the ropes, but they're more than capable of recovering it if they continue on the path imo.

[Distinctin]

Blaming yourself or others will not help to solve the problem that you have carried with. It simply you don't understand risk and how to manage it. If we keep thinking about the risk in trading, it also making ourselves think negative which you should have to stop rather than to focus on how to improve yourself. We lose, we gain, these things are not impossible in trading but traders never find risk as a hindrance to succeed instead of helping themselves to overcome this hard situation.

[crwth]

If you manage to have been able to experience how the market could be, it could make yourself more aware of what could happen. I believe that in every trader's life, you would experience getting rekt in the market. I don't know how you would be able to determine when you are fully ready, but that's the uncertainty of traders that everyone experience.

It's going to be always risky. It's still going to be unpredictable. Be consistent with your trading, and maybe you could be successful. We cannot determine entirely how it could end up, but it's still worth exploring.

Accept the risks, and you wouldn't feel so down if you get rekt.

[Janation]

...

I also keep shouting this, you have to trade on your own...
Don't want to be fooled by investment management or brokers who promise big profits if you give them money. they are just marketing and already have a thousand reasons when losing in the market. You will only lose if you entrust your money to others. 'learn to trade on your own even if it's difficult'

How about the newbies?

How they would be able to identify a legitimate or a scam investment without relying to other people, or maybe just the information they can say or know. It is true that if we could trade by ourself, we could do that but we can't just jump to that without being a newbie first, we all went there and most of us even still rely on this forum for informations and sources.

[Inkdatar]

I have some friend that rely from others and get paid to trade for them. Understand the risks in crypto as we all know price is volatile. I agree with this statement learn for yourself and trade on your own. If your money lose all you can't blame anyone the group that you paid for. This is why it is best to learn and gain knowledge, anyway you will be the one who can gained benefits for your hard work.

[ethereumhunter]

I have some friend that rely from others and get paid to trade for them. Understand the risks in crypto as we all know price is volatile. I agree with this statement learn for yourself and trade on your own. If your money lose all you can't blame anyone the group that you paid for. This is why it is best to learn and gain knowledge, anyway you will be the one who can gained benefits for your hard work.

If we can learn for ourselves, we will know how to decide related to the market conditions to make decisions based on that. We can try to improve our skills by learning so many lessons because that will be a benefit for us. We don't have to use other people's money to trade because of the risks that will always be there. When we use our money, we will be careful to decide because we don't want to lose our money.

[Kupid002]

I have some friend that rely from others and get paid to trade for them. Understand the risks in crypto as we all know price is volatile. I agree with this statement learn for yourself and trade on your own. If your money lose all you can't blame anyone the group that you paid for. This is why it is best to learn and gain knowledge, anyway you will be the one who can gained benefits for your hard work.

The problem about your friend is what if the traders lost his money are they going to blame them beacuse they lost the money they trust to traders? Of course it's not he don't have any way to complain since he is not the one who trade it . That's why he need to learn by him self to understand the risk of trading and even professional traders can also be lost so how come that you can trust fully your money to other person just because you know he is a trader.

[acdc]

It is clear that each person needs to trade and make their own decisions. Do not listen to trading advice or give money to others to trade for. If anyone can guarantee victory in trading in the crypto markets they will trade with their own money instead of trading for others.
In the end I want to say that don't listen to groups selling trading signals, all of them are scams.

[bitbunnny]

I always support idea that people learn from their own experience and that especially refers to trading. It's good to know some theory and fact about trading, to listen to experience from other but you will learn to trade only on your own, on your mistakes and winnings so don't think that any tool, bot or guru will teach you how to trade.

[DoublerHunter]

I always support idea that people learn from their own experience and that especially refers to trading. It's good to know some theory and fact about trading, to listen to experience from other but you will learn to trade only on your own, on your mistakes and winnings so don't think that any tool, bot or guru will teach you how to trade.

^ Trading on your own is a good idea, just like having your own research in trading in order for you to survive the race of trading that everyone becomes predator, not prey. But if you are using a tool by your own command, I don't see any problem with this, most especially if you can't face 24 hours your PC alone in a whole day. You need to have a bot to execute while you are in rest. Nevertheless, the trading bot is good but doesn't rely with this. Learn from your mistake and improve it, that how good traders are. Once you have a loss in trading, dont afraid to start over again, this time you are not from the scratch, you have learned and started again but with an experience.

[militiariko]

I don't know what anyone has stated, but nothing beats trading by yourself, you feel this genuine confidence and peace of mind when you trade for yourself with your own capital.

Mind you, a trader needs a focused mind, never collect money from people to trade for them.
Always dyor

[SirLancelot]

Learning the skills for trading cryptocurrency is not easy, so that’s why some people needs to invest in the hands of some good professionals to help trade for them. Although scammers has been the ones ruining this space by pretending that they are professional that needs investors funds to trade, and when they might have gotten those investors to invest the money, they will make away with it.

Maybe you might have experienced something similar for you to be saying that. But it doesn’t mean that there are no good professionals that are doing their job and getting investors the profit they deserve. If you can’t do it, but you have the funding, as long as you can get a reliable person, then why not go with it?

[Arcas]

It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

[bitgolden]

It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

The thing is, even if you do trust them and you end up giving them the money and they do not steal it, there is a big chance they are not as great investors as they claim to be and that is about the biggest problem there is.

We all know there is a huge risk that if you give your money to someone, they could potentially just take that money and leave, which would be the biggest possibility but people are smart about it now, they do pick people who will not scam them better compared to previous years, but even with that, you could still give your money to someone trustworthy and they could just bankrupt you.

I have seen people who invested 100 bitcoins that went down to 80 bitcoins after just a month, dude was a legit person but he just made a horrible investment.

[Yatsan]

This is exactly true and what people who are just new on entering this industry must understand. Instead of entrusting your funds to other people and ask for favor to trade your money for the sake of obtaining profit, better learn the basics and the process of how trading is being done for we do not know how people's mind works most specially when it comes to involvement of money which certainly even your most trusted person can fools or betray you. So to avoid such happenings to come along the process, better make yourself knowledgeable about certain things that you must learn about trading.  Ensure that you are continuously making yourself learning as time goes by so that you will always be updated that you do not certainly need to ask any favor from any person to trade your money for you can already do it on your own.

[justdimin]

It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

Not just because others can ruin your investment but because when you invest under others for trading you basically learn nothing in the process and the profits they share with you are usually way too less as compared to what you might have earned. Also once they accumulate enough funds they will just send back your investment and trade of their own. Basically you cannot rely on others to make money for you because no one is naive enough to work for you lifetime. They will learn with your money and once they get established they will start their own.

I always trade by myself and I know at times I feel there are so many traders who have various kinds of bots, scripts and software that can generate better profits but at least when I trade myself I have learned the basics of how market movement are done. With time I will learn those bots and scripts and buy them for my trading.

[Kupid002]

It's true that it is not recommended to give money to anyone so they would trade for you since they can easily ruin your investments the best thing to do is to figure out which strategy and coins would work for you also it's important not to focus just on one coin but it's better to divide your investment to different portions. There are some tutorials available online for free where in you can learn different strategies and maybe you can figure it out which strategy suits you.

And there are also traders that instead of using it to trade they are using that money in thier own and tell to those people that trusted him that the balance is lost and I can only give small amount for now since the capital I use already wipeout with one trade. And investors can't complain if that things happen, that's the reasons why you need to learn it by your own.