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Author Topic: Before getting into trading  (Read 625 times)
Mahanton
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October 15, 2021, 08:08:36 PM
 #121

before entering into trading, mentally you should be also ready for the loss
You must be ready both for the loss and the profits. Make sure you have good self-control, so you don't do something too exaggerated (overdo) once you lose money or gain money. Trading has no guarantee, we can lose or get profits. Especially for newbies, maybe to experience more losses than gaining profits. It is true if someone must have a strong mentality in trading crypto because he probably experiences a huge loss on his first journey. If he is not strong enough, he may quit suddenly once losing money.


You should be aware specially on losses because this is something that is the main thing that you could really experience when you do step your foot into trading.YOu should be prepared on things like this and making yourself prepared so that you wont really be able to dragged off emotionally because this would particularly the main issue that you would faced because losing money is something that cant really be easily
accepted and as a human then you would just normally have these kind of reactions which supposedly to be normal but it could really be handled that well.

R


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October 15, 2021, 09:49:21 PM
 #122

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?


Well my experienced when I start trading is that we should have some money that we can afford to lose, you can learn the basics from the internet there's a lot of them. Then after you learn the basics you can try your first experience by putting a small amount to trade, and the most important is don't get angry when you lose your fund.


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Lordhermes
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October 15, 2021, 11:13:59 PM
 #123

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?


Well my experienced when I start trading is that we should have some money that we can afford to lose, you can learn the basics from the internet there's a lot of them. Then after you learn the basics you can try your first experience by putting a small amount to trade, and the most important is don't get angry when you lose your fund.
Yeah!,the ability to bare in mind that you must lose money or make money will make you venture into trading without fear,and if you are not financially bouyant enough to get your minds off some money that you have already lost,dont even think of trading.
When I started,I bore in mind that risk is always involved in every business,and in trading like this,it is taking the risk that really determines your success.
But before I started,I made research on how to trade without losing,but u later discover that losing,is part of the game,you must loose to have experience and to learn from your mistakes.
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October 15, 2021, 11:34:23 PM
 #124

When one first enters the trading game, it is most often challenging to know how to prepare for it. Even if it is an appealing approach to increase profit, it would not be as fruitful as one may imagine without a fundamental understanding of the basics and a few preparations.
How should one prepare before getting into trading?


Well my experienced when I start trading is that we should have some money that we can afford to lose, you can learn the basics from the internet there's a lot of them. Then after you learn the basics you can try your first experience by putting a small amount to trade, and the most important is don't get angry when you lose your fund.
Yeah!,the ability to bare in mind that you must lose money or make money will make you venture into trading without fear,and if you are not financially bouyant enough to get your minds off some money that you have already lost,dont even think of trading.
When I started,I bore in mind that risk is always involved in every business,and in trading like this,it is taking the risk that really determines your success.
But before I started,I made research on how to trade without losing,but u later discover that losing,is part of the game,you must loose to have experience and to learn from your mistakes.
Losing can be easily overcome when we say it but when you're in the real scenario and you just lose a huge amount of capital, i swear its never that easy. But you won't get through of it if you'll not take it as part of the risk and challenge that will motivate you not to lose next time. It may not be avoided but somehow, it can be minimized.

For me, i made sure that before getting into trading i have understood already what is trading and how it will be profitable in the long run. If i think that won't really fit me, i should have quit earlier. But there is something into trading that keeps me going on, maybe not just profits alone but also the over all challenge that we need to face positively every now and then.

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October 18, 2021, 04:55:19 PM
 #125

Trading is not an easy task seriously, but some people skip learning and jump directly into trading which always end up in high regret and lost of capital. It's advisable to know the basics and the risk involved in trading also there are different strategies for trading that really helps out on how to manage and control emotions on trading. Having a good knowledge and understanding about trading always lead to profit.

It's not so bad to lose some money here and there, that can even be a great thing if you learned something from that. Every school costs, trading school costs as well.
I guess people should read about trading as they do some trades here and there, theory without practice will not get you far, of course, don't forget to risk what you can afford to lose, learn how to have backup plans and funds just in case.
Trading is a game like any other, more you know about it you will be better in paying it, so be open for learning new things and improving yourself and your trading skills.
As you say losing small amounts of money while you trade is part of the price we need to pay to be part of this market, and as long as you learn from those losses then you can become a better trader, the issue here is that many newbies suffer huge losses and then they never learn anything from it and by the time they being to think about their actions they have lost all their money and the lessons they learned from it are superficial at best.

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October 19, 2021, 12:07:59 AM
 #126

One thing is to make out the time to study, read and make personal research about the trading system to have an understanding of the system. This will give you an edge, over some little things that might be challenging later on. Paid groups for signals is not an option in the crypto market, because changes can happen at anytime and this can be part of price manipulation of a particular coin which might go up at a time and crash. Never invest into the system what you cannot afford to lose. It is better you start with a small capital and grow with it gradually than taking the reverse.
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