The three pillars of trading

[luca prieto]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

[kurniawan05]

In my opinion, all of them are equally important, to start trading, you must be prepared with these 3 pillars, one of them cannot be omitted. I've been trading for about 2 years, so far what I rely on is news from the project, but I don't understand technical things, so I'm often stuck with dumps or pumps that happen suddenly.

[ipanks]

In my opinion, all of them are equally important, to start trading, you must be prepared with these 3 pillars, one of them cannot be omitted. I've been trading for about 2 years, so far what I rely on is news from the project, but I don't understand technical things, so I'm often stuck with dumps or pumps that happen suddenly.

Yes, all of them are important. Without one of them, you can not trade better but you can just trade. If you do not master one of those three pillars, you should learn more to gain experience and not forget to practice what you learn. But maybe trading psychology will be more important than the other because that can guide you not to panic when the price falls so you can know what you should do. If you confuse with technical things or something like that, you can use the basics of trading which means, you can buy low and sell high and you will be okay.

[anu1908]

why do we always question which one is the most important, i don't really get it. if you mean which one you should focus early on, then technical skill must be one of them. trading psychology is learned through experience, so i don't think you can speed through it. just practice with real money more and more.

[Rrita]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

If you want to be a good trader, You need all of the above. Personally Technician analysis, Risk management is very important. You need to know when to enter a trader, and when to exit. If your trade goes wrong, you need to cut loss and out of the trade. All of the activities depend on Techcinal analysis and risk management. Trading is very hard and most of the traders lose their funds at trading, Only 8% to 10% of people can able to make a profit from the trade. Rest of them lost there money at trade(according to google) Without proper risk management trading is like gambling. Propper risk management help to survive at trading. Surviving is the most important thing at trade.

[bahagia93]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

If I look at it basically, all the points you mention are very important because they are located differently and are used at different times, so if these three things are not present, it will be useless to trade, because no one will ever win.

[Kavelj22]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

I would agree with the comments above that the three notes are important, but i thought what does it mean "Trading Psychology" and if it has a big difference with what you called "technical/fundamental skills".

In the technical/fundamental skills, there are way too much branches; from technical details about the project behind the crypto you want to invest in, to the cheaters strategies to manipulate the market. So i suggest to add another note about being crypto enthusiast in general to be an active user who is interested in based-blockchain-businesses.

[senyorito123]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

If we're dealing with psychology, then our emotions is very important factor in order to overcome fears. Once you develop your confidence it's not hard for us to dwell on pressures of trading, and future crucial times would be an easy task for us. Skills will follow if you established a good foundation, you're not going to be afraid to face the risk once you found the best asset which you can afford to lose while holding them.

[indah rezqi]

Risk management is very important in my opinion in trading. When we can master risk management and we use it, then psychologically it will make it easier for us to do activities in trading. Trading in crypto only expects profit and no one wants to lose. By implementing risk management, it will give birth to a cautious attitude to us.

[arditiyan]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

everything in my opinion is needed in trading. but I think the most important thing is management. because in trading management has an important role, where we arrange capital and also determine purchases and expenses and how trading techniques will work according to good management. so in my opinion management should be prepared well after that the other points are prepared

[tabas]

All of them are important. It shouldn't be forgotten and only look at the other as the most important, weigh all of them as the same.
Is emotion already part of trading psychology? it is where mostly are failing to control.

[Ararbermas]

Actually those what you've mentioned above they're all the most important things to know when it comes trading, but there's something missing for me, which is the emotion, i mean you should not trade with emotion because that's the common problem why we always made mistakes and regrets afterward in trading.  Indeed its useless if you know all the important stuff to succeed but you don't know how to control your emotions especially when there's a bad situation in the market the occurred . So add that one to your list to avoid mistakes and to have a good journey in trading.

[dark1234]

Actually those what you've mentioned above they're all the most important things to know when it comes trading, but there's something missing for me, which is the emotion, i mean you should not trade with emotion because that's the common problem why we always made mistakes and regrets afterward in trading.  Indeed its useless if you know all the important stuff to succeed but you don't know how to control your emotions especially when there's a bad situation in the market the occurred . So add that one to your list to avoid mistakes and to have a good journey in trading.

maybe it's already entered into psychology, where psychology concerns several emotional and mental aspects which are both interconnected with each other and among the three things that have been mentioned by the OP. psychology of traders is the most important thing because if this is not healthy it will irrational emotional and mental growth so that they no longer put forward the important things namber 1 and 2 mentioned by the OP

[Ten98]

why do we always question which one is the most important, i don't really get it. if you mean which one you should focus early on, then technical skill must be one of them. trading psychology is learned through experience, so i don't think you can speed through it. just practice with real money more and more.

That's right, in terms of trading it is clear that experience is very much needed in trying it with real money and also needs to learn all three if it can be considered very important, because the things that can protect and save us in trading are always considered important even though the points can be very large.

[luca prieto]

Actually those what you've mentioned above they're all the most important things to know when it comes trading, but there's something missing for me, which is the emotion, i mean you should not trade with emotion because that's the common problem why we always made mistakes and regrets afterward in trading.  Indeed its useless if you know all the important stuff to succeed but you don't know how to control your emotions especially when there's a bad situation in the market the occurred . So add that one to your list to avoid mistakes and to have a good journey in trading.

yeah,sometimes we know all rules and concept,but we can't control ourselves to obey them.when altcoins hit down,we know we should wait it to recover,but the fear stop us,so we sell it.when altcoins went up,we are will happy to hold it for upper,but it's time we should sell it.

[shinratensei_]

I can't pick which one that i think that must become the most important thing in the trading coz those things have been playing very important role when you're trading.

Technical and fundamental research will help you to determine the market direction based on the chart/candle and news that will be fundamentally affecting the movement of the price.

Money management will be helping you to maintain your funds effectively to face the bearish or bullish trend in the market.

Trading psychology was also a very important thing to be combined with money management and skill to analyze the market.

[Erdogan]

The three pillars of trading are technical/fundamental skills, risk/money management and trading psychology.
Do you agree?which one you think is the most important?

It's not that one thing is most important. The main thing is to configure all of these things properly. Of course, it is also important to determine the strategy in advance, i.e. to determine the period for which we invest, what possible losses we are able to accept and what profits we expect.

[sgenuine]

I think that the most important thing is of course skills. When you have good skills of technical and fundamental analysis you can make up a profitable strategy and then just follow it. Of course at the same time you have not to give in to emotions, that's why trading psychology is also important. What comes to risk management, of course you shouldn't invest everything in one place.

[indah rezqi]

Risk management is very important in my opinion in trading. When we can master risk management and we use it, then psychologically it will make it easier for us to do activities in trading. Trading in crypto only expects profit and no one wants to lose. By implementing risk management, it will give birth to a cautious attitude to us.

Risk management is born when everyone finds knowledge and ways to trade, because when someone doesn't have the knowledge for it, then he won't know how to give birth to risk management in terms of trading, so the point mentioned by the creator of this topic is very important technical/fundamental skills

Knowledge and ways to trade are basic and I admit that without knowledge of something, one will definitely not know how he will work there. In the context of this discussion, of course, we are no longer talking about this but more about other things that are considered to be the main choice in trading besides knowledge. In my opinion, it is not trading psychology but risk management (opportunities, threats, profit and loss) is the main choice that must be applied.

[monineklutak]

The three pillars that must exist in trading, one of the three pillars you mention does not exist, so it is not perfect. That's roughly what I think.
Technical skills come first in trading because we really have to know what coin or token is a good opportunity for us to trade.

Analyzing and doing research is very important in trading,
I think every trader should be able to do this because after all when choosing coins to trade, of course, there is a high possibility that later they will lose money,
what is certain is that trading is not something that is easy to do and the risks are also big