Trade + study = great combination

[Darkelf11]

I think the best possible combination is trading + experience + good platform + knowledge = good profit. There are different things we should consider to make trading. We have different expertise so it depends on their adaptation to the environment they have just to earn profit regarding trading.

Trading becomes harder if your self still in the void.

[1714103444]

1714103444

[isaac_clarke22]

~

I do believe also that trading isn't for everyone because we as a human has a different level of curiosity, different level of taking risks and different type of passion and likeness in life. Doesn't mean that trading suited in him will surely suit in you too. But i do believe that crypto is for everyone unless we have the eagerness to learn about the blockchain. So from knowing crypto we could link the aspect of trading. Learning trading was also like learning crypto, before you can enter to the game you must first hand have the basic knowledge about it.

Maybe not for everyone but it still can be learned sometimes.
Just like when one cooks, not everyone can be like those master chefs around the world but anyone can still manage to cook in their own pace.
It is just that one would be at a disadvantage, but that doesn't stop one to still learn and master trade.
I've been teaching programming and not anyone is a programmer, but anyone can program because it is still learnable.

[Jemzx00]

I think the best possible combination is trading + experience + good platform + knowledge = good profit. There are different things we should consider to make trading. We have different expertise so it depends on their adaptation to the environment they have just to earn profit regarding trading.

Trading becomes harder if your self still in the void.

Two major things that every expert trader should have are knowledge and experience as these two combined are sufficient enough to bring ones trader a fortune and profit. But yes, there are minor things such as the platform, emotions, and capital can impact your trading progress. These minor factors can hold you back from earning and trading on such occasions but in the long run knowledge and experience can make up for those.
Anyway, trading takes time but it also depends since I've known people who got literally lucky on the coin they've invested which boom on the short run. 

[TedMosby]

the first time I tried copy trading was about a few months ago.
I thought copy trading is an easy thing because the platform also presents the trader's stats (win rate, etc.)
however, I realized that those traders open many positions to get profits.
so, when you have $50 for copy trading, you can only copy 5 positions if the minimum amount of each copy trade is $10.
those traders can open a bunch of positions. they would do cut-loss some of their position too.
when you have bad luck, you could end up copying their positions that need to be closed due to cut-loss.

in a nutshell,

you only afford to have 5 positions. meanwhile, the trader has many.

trader:
1. profit 10%
2. loss 5%
3. win 20%
4. loss 5%
5. loss 50%
6. profit 70%

at this point, the traders can get profit because he successfully recovers their loss on that 6th position.
but, you can only copy him until the 5th position due to your capital is limited for 5 positions only.
CMIIW.

[Viscore]

I think the best possible combination is trading + experience + good platform + knowledge = good profit. There are different things we should consider to make trading. We have different expertise so it depends on their adaptation to the environment they have just to earn profit regarding trading.

Trading becomes harder if your self still in the void.

Two major things that every expert trader should have are knowledge and experience as these two combined are sufficient enough to bring ones trader a fortune and profit. But yes, there are minor things such as the platform, emotions, and capital can impact your trading progress. These minor factors can hold you back from earning and trading on such occasions but in the long run knowledge and experience can make up for those.
Anyway, trading takes time but it also depends since I've known people who got literally lucky on the coin they've invested which boom on the short run. 

The successful traders never quit. I know that these people never succeed instantly but they suffered losses at first due to a lack of knowledge, trading skills, and strategy. But that because they wanted to reach their goal, they find a way to improve their knowledge and that it can only be possible if they don't get lazy to study the market behavior, keep searching, and applying learnings from their mistakes.

Trade + study = not enough to win this challenge, it also needs to have strong determination and goal setting. This will create motivation to achieve what we aim for.

[StartupAnalyst]

I’m not a fan of such platforms. Usually you have to pay for using such a platform and to the trader whose strategy you are copying. Moreover thoughtless copying of someone’s strategy can hardly teach you trading; you will rely on someone’s knowledges and forget about prudence. This can lead you to the total crash. So be very caution with these platforms. Choose the charge free one, read there, communicate, use it like a source of information but not participate in copying strategies. This might not go to end well.

[santiPOGI]

I never heard of that what you are saying here in the forum. However, copying others trade for me is not a good thing, because you have no originality. It is still better to learn trade and earn with your experience in the actual exchange platform. But not in copying others trade style.

[zanezane]

I never heard of that what you are saying here in the forum. However, copying others trade for me is not a good thing, because you have no originality. It is still better to learn trade and earn with your experience in the actual exchange platform. But not in copying others trade style.

Why worry about the originality when you are guaranteed to profit, it is a known tactic and I do think that it is a good thing because it is convenient for you because you don't have to put in the additional effort of analysis because you are just copying what that successful trader does. In the world of finances, originality is laughed at because it is risky and it doesn't guarantee a profit and people love to get profit so what works is what they are going to do.

[doomloop]

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform.

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

Trading for real is the only way to learn, if you study that would be great, studying would help you a lot, but even the best student who have studied everything amazingly will not be capable of profiting on their early trades, at least not consistently because no matter how much you think you know, if you never traded before that means you are not going to make a profit from it neither. That is why I think it is quite obvious that we do study and learn as much as we can but we try to trade a lot and learn that as well, without that we are not going to be profiting in the end.

This is why I think it is crucially important for everyone to get involved. Of course if you do not want to be a certain type of trader you do not have to learn that part, but learn as much as you can and experience as much as you can in order to be good so that you can get consistent.

[imstillthebest]

I never heard of that what you are saying here in the forum. However, copying others trade for me is not a good thing, because you have no originality. It is still better to learn trade and earn with your experience in the actual exchange platform. But not in copying others trade style.

Why worry about the originality when you are guaranteed to profit, it is a known tactic and I do think that it is a good thing because it is convenient for you because you don't have to put in the additional effort of analysis because you are just copying what that successful trader does. In the world of finances, originality is laughed at because it is risky and it doesn't guarantee a profit and people love to get profit so what works is what they are going to do.

this is the only industry where someone will share their hardwork to others but i guess they can make comissions for doing that if that strategy is guaranteed sure win  but for other industry  ( arts and music for ex. ) they dont want to share their works because it was copyrighted by the artists .
its fine to copy trade but if you think that this thing makes you a weak trader because your depending on other traders skill  you can quit doing that and learn to trade by your own.

[milewilda]

I never heard of that what you are saying here in the forum. However, copying others trade for me is not a good thing, because you have no originality. It is still better to learn trade and earn with your experience in the actual exchange platform. But not in copying others trade style.

Why worry about the originality when you are guaranteed to profit, it is a known tactic and I do think that it is a good thing because it is convenient for you because you don't have to put in the additional effort of analysis because you are just copying what that successful trader does. In the world of finances, originality is laughed at because it is risky and it doesn't guarantee a profit and people love to get profit so what works is what they are going to do.

this is the only industry where someone will share their hardwork to others but i guess they can make comissions for doing that if that strategy is guaranteed sure win  but for other industry  ( arts and music for ex. ) they dont want to share their works because it was copyrighted by the artists .
its fine to copy trade but if you think that this thing makes you a weak trader because your depending on other traders skill  you can quit doing that and learn to trade by your own.

Copying isnt bad but it will vary on how far you've been depending on it which wont really be giving out some advantages  on you when we do talk about long term but if you are
a person who do keep learning while you do follow someones trade by making up some review or some test up then i dont see for it to be an issue.Its just on how you do handle
out yourself when it comes to self learning yet this is the main reason on why we do say that following someones trade is really not giving significance at all when it comes to learning.
Trade+study+perseverance+emotion handling = success trading career.

[Slow death]

If you mean trade and also study what's going on in crypto market, then its best possible combination.

whatever we do we will always have to obtain knowledge if we are to succeed in the thing we are doing. it is not possible to do any business and be successful without our knowledge of the business, so I think that anyone should know that it is not possible to trade or invest in cryptocurrencies without having knowledge of cryptocurrency trade and investment.

I'll give you an example:

if someone doesn’t know that when the bitcoin price starts to go up the price of altcoins a lot in relation to bitcoin starts to fall that person will lose money if they buy altcoin, but they will lose in relation to bitcoin getting less bitcoin, but they may have more dollar

are things we have to know

What we really do is blind trading aka trading without studying the facts and figures. Trading with mind is best possible combination.

It is true that this cryptocurrency market is very different from other markets, it is not enough for the person to do technical analysis, the person must also follow the news if the person does not want to lose money

[nelson4lov]

@OP, I don't really have a first hand experience from using copy trading social trading platforms but I have a couple of friends who have tried it at some point in their trading career and from what they told me, their experiences were nothing to write home about.  Simply put, they had wins and losses but the losses they incurred from blindly following those trades outweighed those they won. So it wasn't really worth it at the end of the day. These kinda platforms have been around for as long as I can remember ~ around 2017-2018 with coindash and others. The fact that it's still not a popular trading path, says a lot about it.

[AakZaki]

Manual trading and self-analysis is better than anything. instead of having to use copy trading. It is true that you can do the analysis too, but by copying the trades you analyze only the final result, no process is carried out.

I prefer abilities that are developed from the start, it will be better. I started learning from scratch to understand trading. Trade + study is indeed a very good thing, but the studies that are done must be done properly.

[DarkIT]

I came across this article and definately want to share it with you: https://techbullion.com/best-5-crypto-social-trading-platforms/

It's worth reading if you would like to start crypto trading and don’t know from what and where to start.

Just imagine, “you simply let someone else develop the trading strategy for you by directly copying the exact same trades they make”. In addition, you can analyze and study the crypto market and strategies you followed, and interact with the traders.

I agree with the author's choice. Those platforms are interesting in their own way, and traders of different levels and with different goals can find the right platform.

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

Always it will be the best combination.Because if the trading alone made without a knowledge. Surely in a certain point, it will became a useless one. So it's better one to learn about trading and past price of certain coin. Mostly research about the coin, where you are going to inverse your money.

[LUCKMCFLY]

I think that all traders before entering the market did some reading on how to trade, investments and on how you can try to understand the market, the statistic that 95% of all traders lose would start to drop significantly, many enter doing gambling in trading and it is not the right thing to do, some take classes in academies and still are still part of the 95% statistic that they lose.

If a person decides to learn trading by educating themselves by reading market speculative authors, they would learn some strategies of how to react to certain events, if only Technical Analysis is studied without having any idea what is happening in the world or how it can react to fundamental news, the AT will fail, like the Fundamental Analysis, I think that trading is a career that every day you keep learning new things.

[JooBra]

I think that all traders before entering the market did some reading on how to trade, investments and on how you can try to understand the market, the statistic that 95% of all traders lose would start to drop significantly, many enter doing gambling in trading and it is not the right thing to do, some take classes in academies and still are still part of the 95% statistic that they lose.

If a person decides to learn trading by educating themselves by reading market speculative authors, they would learn some strategies of how to react to certain events, if only Technical Analysis is studied without having any idea what is happening in the world or how it can react to fundamental news, the AT will fail, like the Fundamental Analysis, I think that trading is a career that every day you keep learning new things.

From my personal experience trading with amount you are ok to lose is the best way since you don't feel the pressure. Those kind of emotion define most of trades.

[Oilacris]

I think that all traders before entering the market did some reading on how to trade, investments and on how you can try to understand the market, the statistic that 95% of all traders lose would start to drop significantly, many enter doing gambling in trading and it is not the right thing to do, some take classes in academies and still are still part of the 95% statistic that they lose.

If a person decides to learn trading by educating themselves by reading market speculative authors, they would learn some strategies of how to react to certain events, if only Technical Analysis is studied without having any idea what is happening in the world or how it can react to fundamental news, the AT will fail, like the Fundamental Analysis, I think that trading is a career that every day you keep learning new things.

From my personal experience trading with amount you are ok to lose is the best way since you don't feel the pressure. Those kind of emotion define most of trades.

Trade on the amount that you can afford to lose is a must but when we are still newbie then its just normal to have those kind of mistakes which is inevitable.

With experience you would able to see and learn for yourself on what are the things needed and what are the things which should be ignored along the way.

Great combination would really be discovered by you and combining those stuffs with your own preference.

[jaberwock]

Coinmatics is a new and fast-growing platform that will be good for beginners since it has a user-friendly UI and intuitive tools. I think almost everyone knows about eToro, and it is the best match for advanced users (just check their multi-functional platform). Zulutrade has a huge education base in addition to forex and copy trading. The fans of cloud-based systems will like Zagnaly and Shrimpy. I am fascinated by this discovery in our crypto world. What do you think about such crypto copy trading platforms? If you ised some of them I want to hear your experince.

Yes, eToro is a very popular platform and I usually see their adverts a lot of places online, and I am aware of their copy trading platform that they have created and it’s been around for a long time and they have been able to be working on it and improving all the time.

But I have not used it, because I haven’t really got the push to go for it, and moreover I am not into day trading, although I know very well that the copy trading can be helpful as you will have to be copying people who are big professionals, I just don’t have the interest. Mostly the investments I do is Bitcoin and a few alts, and it’s mostly to HODL, which works for me much.

[fahmimajannat]

Yeah it is. You can earn lots of cash while studying.  Many student are in searche of work in the recent time.  But they can earn more than a part time job by trading. But at first they have to learn how to,when to and Where to trade.
After completing the trading course they can earn bucks doing trading more than most of part time jobs of the market.