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Author Topic: What if I don't know how to trade  (Read 600 times)
Lordhermes
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December 29, 2021, 02:07:24 AM
 #61

If you don't know how to trade,you dont need to keep silence,always ask people that know what you don't know so that you won't waste your resources trying to do what you don't know how to do.
Seek for people that knows how to trade for them to teach you,and make sure you learn gradually to avoid mistakes.

Don't try to trade on your own if you don't know how to trade,doing that is just like taking a stupid risk that won't amount to anything.
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December 30, 2021, 09:48:55 PM
 #62

This topic has been treated countless times already. In as much I can tell. Nobody goes into trading just for the knowledge rather it's for the money. It's very difficult to master trading, it takes a whole lot of time, knowledge and energy to be a pro in trading.
In trading, you gain and also lose at times. Everyone doesn't need to learn how to trade in crypto. Trading is a matter of choice

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January 07, 2022, 10:53:55 AM
 #63

If one keeps self from learning that is to say trading is not meant for the person. It is a bad idea to force yourself on trading when you don't have any understanding about trading. Trading can be learn in many ways  online or offline , you can choose the that seems okay to you.
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January 07, 2022, 10:58:08 PM
 #64

Every trader has their own strategy for trading and it's true that it all takes a process. Skills and knowledge are needed in trading in order to trade well. Some people fail in trading because they are not ready in knowledge or mentally because trading requires a strong mentality to deal with the ups and downs of the crypto market. Trading is risky but it can be learned so if we want to learn and also make peace with the ups and downs of the crypto market then it can be skipped. it's true that don't be too hasty because that will make our minds become restless and more emotional.

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January 10, 2022, 03:12:15 AM
Last edit: January 10, 2022, 09:33:18 PM by Mr. Big
 #65

This topic has been treated countless times already. In as much I can tell. Nobody goes into trading just for the knowledge rather it's for the money. It's very difficult to master trading, it takes a whole lot of time, knowledge and energy to be a pro in trading.
In trading, you gain and also lose at times. Everyone doesn't need to learn how to trade in crypto. Trading is a matter of choice
and if one doesn't learn, then he/she should be ready to learn from their loses, because it would only take grace to make profits if you've not learnt how to trade and you push yourself into it.
I'll rather advice, if you find it unnecessary to trade because you feel you'll still run at a lose with or without the knowledge, then I say your wrong, rather than have such mentality, learn the basics.

If one keeps self from learning that is to say trading is not meant for the person. It is a bad idea to force yourself on trading when you don't have any understanding about trading. Trading can be learn in many ways  online or offline , you can choose the that seems okay to you.
exactly my point, no knowledge is a waste, if you want to progress immensely at what you do, it's best that you put in time, efforts and money in other to learn them, the fulfilment and joy that comes with that alone is enough to make you aspire for more knowledge.
There's usually a difference in all spheres of life between someone who's knowledgeable in a field from the one who's just learning from the experiences the make along the line.



Anyone can learn trading, but not everyone can become a trader because good traders are disciplined and patient. However, these qualities are hard to develop because we all look for instant results, which is the problem why many quit trading or fail doing so. If you want to become a trader, I would advise you to study the market thoroughly and  understand the risks involved in it.
so to become a good trader, while learning how to trade also build discipline and build your patience level, it's true that crypto comes with lots of heart shockers, some are positive and others negative, most times it seems the negative out shines the positive and it makes people want to quit the system, so you need to be disciplined and patient to stay through it all.

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February 07, 2022, 07:42:10 AM
 #66

You can learn trading. Traders need to have knowledge of technical and fundamental analysis. Traders need to be disciplined to become profitable from trading. It’s consistency that makes trading difficult. If you can backtest, learn and strategize, trading can be very rewarding.
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February 07, 2022, 03:31:01 PM
 #67

I always follow and suggest the HODL strategy. Hodl only downside is that it takes times but its less risky as compared to day or short term trading.

It's a good call. And indeed, HODLing has its downsides too. One has to have money he can afford to lose or have it locked for long time. One has to have read and trust the investment. And one has to learn patience.

If he has patience and trust/knowledge he will not be tempted to FOMO then panic sell (buy high, sell low), since Bitcoin price has its ups and downs, which can make hodlers too uneasy.
But I agree, holding is much easier than trading.

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February 08, 2022, 11:50:48 AM
 #68


Are you going into trading for the money or for the knowledge?


Does anyone go into trading just to get only knowledge? I think the main reason why people people go into trading is to make profit. It does not make sense getting knowledge for trading and the knowledge not applied to trade. Having knowledge in trading and starting a trade goes in hand together,  but what comes first is Having the knowledge then apply it to start up a trade.

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February 15, 2022, 12:32:26 AM
 #69

Sometimes when I scroll through the forum threads, I'm always amazed to see questions like; Can someone teach me how to trade? Where can I learn how to trade? How can I use indicator to trade? You know what? These questions always get what they deserves. The right answers always pop-up on the table for everyone to learn from different perspectives. Bitcontalk.org is a great library of information from substantial sources, so don't mess with it!

How can I learn how to trade? This is a question every had been asked from one time to another, from one person to another without paying much attention to what it would take to be a trader or one losing trades. Trading is just like a game of thrones. The tough will end up getting the balls rolling when the weak might have left the track due to inconsistency, fear, ignorance, weak strategies, weak risk management and greed.
 
You can either get trading skills here on the forum by asking questions and getting answers or attaching your time with sites/platforms that give trading lecturers, be it online or physical classes.

Are you going into trading for the money or for the knowledge?
Don't be too faster than your shadow, trading is not meant for the lazy. Don't think immediately you get into trading, you'll making money, cos time is necessarily important to gain mastery. The great traders who are making great profits from trading had already sow the seed and now reaping their harvest so let's be patient. Don't rush cos slow and steady wins the race..."Power of consistency" with brain not just working blindly.

Get the skill before going for the money. More money is the goal but a sacrifice has to made. We need to learn thoroughly become dexterously brilliant to analyze the market. Do fool yourself with greed or over curiosity cos it might lead to confusion not necessarily becoming a short term deficiency but a continuous defect that can relinquish our faculty of the market.





Base on your Title. "What if I don't know how to trade"?
Anything you don't know in this world, you ask questions to Know and learn more. Nobody is an expert in anything because new things are coming to the world every week.

But if you really want to know and learn you must ask questions. Don't be reluctant and idle.
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