PROFIT must not be top priority in trading, instead of LEARNING first.

[arwin100]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

This should be the one which need to look for by new people who want to engage with trading since if they just go there counting their possible profit without even thinking on what they are doing then maybe we will see then got burn on the market unpredictable volatility. That's why at earliest stage they should look at the experience of others and learn how the technicalities of trading since for this for sure they can learn something which they can use when they are ready to trade.

[palle11]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

It depends on how long the trader has been trading. I think money is a motivating factor if you an old trader. Yes a newbie should be focusing on strategy and knowledge first but an older trader gets worked up if no profit is coming in. It all depends on the situation but I think a newbie should always be focusing on how to get it better so when he becomes old trader, it becomes easy to get the profit. Learning at the right time is better than chasing profit while still a newbie.

[SirLancelot]

Well, that's why sometimes someone is recommended to enter with the minimum possible capital when just trying to trade. As far as I know, the profits that beginners make are usually due to luck, and there is a high chance that they will lose money at first. however, it does require knowledge. let's just say that the loss is the payment of experience. if they were really good at it when they made their first trade, it may be an ability that has been with them for a long time.

If they already have an ability to trade then they are not called beginners anymore but beginners are someone that are completely new to this activity. You said a newbie trader can earn a profit because of luck? but later on you also said that they made it because they are good at? That's a bit confusing but I think the first one is more correct.

There is what we called a beginners luck and it did happen because I also experience this not only in trading but also in gambling and other activities where money is involved. You don't need to pay money to have an experience but we have tools scattered around the web that are free to use. One example is demo trading.

[Finestream]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

It depends on how long the trader has been trading. I think money is a motivating factor if you an old trader. Yes a newbie should be focusing on strategy and knowledge first but an older trader gets worked up if no profit is coming in. It all depends on the situation but I think a newbie should always be focusing on how to get it better so when he becomes old trader, it becomes easy to get the profit. Learning at the right time is better than chasing profit while still a newbie.

In trading, the desire to make a profit makes a common motivation for all of us, be it noobs or legend traders. But always know that it does not happen in an instant. Everything comes with a proven and effective process. And that process involves learning that begins with educating oneself on the basics in trading, and eventually comes up with good strategies that will be your potentials in attaining success in trading. And once you already have that knowledge, enhanced skill and useful strategies in trading, then let's put it into practice. With experience, along with losses and gains, comes your mastery and expertise in trading, that later on will pave way to your sustainable profits in trading.

[jaberwock]

Well, that's why sometimes someone is recommended to enter with the minimum possible capital when just trying to trade. As far as I know, the profits that beginners make are usually due to luck, and there is a high chance that they will lose money at first. however, it does require knowledge. let's just say that the loss is the payment of experience. if they were really good at it when they made their first trade, it may be an ability that has been with them for a long time.

If they already have an ability to trade then they are not called beginners anymore but beginners are someone that are completely new to this activity. You said a newbie trader can earn a profit because of luck? but later on you also said that they made it because they are good at? That's a bit confusing but I think the first one is more correct.

There is what we called a beginners luck and it did happen because I also experience this not only in trading but also in gambling and other activities where money is involved. You don't need to pay money to have an experience but we have tools scattered around the web that are free to use. One example is demo trading.

I would guess that you need to be a bit good to get lucky, that's how I think about everything. If you work hard and get good at ANYTHING in life, when the opportunity comes then you will make a good amount of money as well.

However, if you are not good at it, then you can't even get lucky. Meaning; if you are great piano player but you are not at anywhere and not playing professionally or make any money, there is a chance you will never be playing or earning anywhere, but if you are great and then someone asks you to replace someone and then play, and everyone loves it, then you could get very big or maybe not. That's the hard work meeting opportunity, looking like luck to people "oh their player got sick, and he replaced him one day and got lucky" but he was ready.

If you didn't know how to play piano, then you would never have that chance to begin with. Same with trading, if you worked hard learning but never traded properly, then one day you will get "lucky" by doing what you should.

[Kasabus]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

This should be the one which need to look for by new people who want to engage with trading since if they just go there counting their possible profit without even thinking on what they are doing then maybe we will see then got burn on the market unpredictable volatility. That's why at earliest stage they should look at the experience of others and learn how the technicalities of trading since for this for sure they can learn something which they can use when they are ready to trade.

Everything is uncertain when it comes to crypto trading so expecting to make consistent profits for a newbie may turns out to be his first frustration. To avoid that, its better to expect losses at first as trading is more detrimental for those who lacks knowledge on it. However, if you come into trading backed with knowledge and skills, that will be your edge among others. But even though, you are not excuse from losing in trading. In fact, losing is  inseparable from winning. And the more you put into practice the learnings you gained from your experiences, the bigger the chances to stay close to your goal, and that is to maximize your profits every time you trade.

[Cling18]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

I certainly agree with this because based on my experience, our funds would be nothing no matter how big it is if we aren't knowledgeable about trading. We have to invest knowledge first so we'll be able to create the right decisions and we'll know how to deal with every market situation. Trading is a long process of learning but it's an edge because we couldn't gain the profit that we want if we lack knowledge.

[teosanru]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

I think the focus should be to make money only, but yes in a more systematic way. Keep your mentality like every winning trade is winning money but every losing trade is learning learned for the day. This mistake you will never repeat and this learning you will carry forward. Many traders even maintain a trading Journal for this purpose which contains all their recent trades and results of those trades and key takeaways they could fetch from each of those trades. Learning & skill enhancement is really never going to stop. Even after years of trading you will be learning a new thing every day because market will bring you new thing each and every day.

[boyptc]

I certainly agree with this because based on my experience, our funds would be nothing no matter how big it is if we aren't knowledgeable about trading. We have to invest knowledge first so we'll be able to create the right decisions and we'll know how to deal with every market situation. Trading is a long process of learning but it's an edge because we couldn't gain the profit that we want if we lack knowledge.

It's the first step.

Take it from those professional traders that they've been through several ups and downs before they've reached themselves into that peak of their trading career.

Learn in all aspects that you should as you trade like in experience, trial and errors, risk management, emotional management and as in almost everything.

[stomachgrowls]

I certainly agree with this because based on my experience, our funds would be nothing no matter how big it is if we aren't knowledgeable about trading. We have to invest knowledge first so we'll be able to create the right decisions and we'll know how to deal with every market situation. Trading is a long process of learning but it's an edge because we couldn't gain the profit that we want if we lack knowledge.

It's the first step.

Take it from those professional traders that they've been through several ups and downs before they've reached themselves into that peak of their trading career.

Learn in all aspects that you should as you trade like in experience, trial and errors, risk management, emotional management and as in almost everything.

You would need to learn everything and having a good control of it because if one of those factors are lacking then you wouldnt really be that much a good trader or sustainable ones.

Ex. Emotional aspect on which if you do fail on this one alone then you would really be having a problem on sustaining yourself into this career yet this one
would create some problems which would really be hard for you to fix it out if you arent that good on handling your emotions.
This is one of the example and there are lots of rest which you do need to learn and need to control of.

[monineklutak]

I certainly agree with this because based on my experience, our funds would be nothing no matter how big it is if we aren't knowledgeable about trading. We have to invest knowledge first so we'll be able to create the right decisions and we'll know how to deal with every market situation. Trading is a long process of learning but it's an edge because we couldn't gain the profit that we want if we lack knowledge.

It's the first step.

Take it from those professional traders that they've been through several ups and downs before they've reached themselves into that peak of their trading career.

Learn in all aspects that you should as you trade like in experience, trial and errors, risk management, emotional management and as in almost everything.

More or less like that and it should be realized also that in doing all of that make sure you have to be patient,
in learning it all to reach the peak of a career like them professional traders it takes time,
nothing is instant and everything needs a process

[DoublerHunter]

It's why newbies in trading are always advised to only use money they can afford to lose because making losses while trading is something that will happen throughout a person's trading career.

Yes, and these newbies have no idea what this trading means. Most of them has been influenced by social media, many promotional ads mentioning good and high return upon trading, and these newbies take the bait.

I think this is the time to stop believing of what we saw online as these people never know exactly how trading works. And I think we need to help these newbies realize the risk in trading without backup knowledge coz it is certainly different if we have these things and the result too opposite.

^ Not only influenced, but it also convinced by their friends, relatives or any close to them saying that trading is a good investment but the fact is they after for the affiliate program that the trading platform has. Trading is very risky if you don't have enough skills on it and knowledge about it, people should understand first how it will work before proceeding into this kind of making a profit because it is not easy to generate profit in trading.
Nevertheless, we can't blame them if they really wanted to explore and that is normal to have losses before you will learn.

[Oceat]

Knowledge will always comes first because that's how it all works and you didn't see someone gaining lots of profit without knowing what they were doing. If you see one, then it's most likely they were gambling and that is just pure luck it takes a little while if you will win again but for most people it's a complete disaster if they gamble in the long run.

That's why we always said to these newbies to learn the basics first not just in trading but for almost everything. Don't put money first, invest in books, knowledge is important in order to gain money.

[Bollexz1]

You're absolutely right. Looking back to when I started, I've missed out taking some huge profits in the past and I used to feel bad whenever it happens. But last year alone, I took one of the biggest profit of my lifetime not only in crypto but in life and that's due to my calmness in learning. It all adds up to my experience.

[Wind_FURY]

Well, that's why sometimes someone is recommended to enter with the minimum possible capital when just trying to trade. As far as I know, the profits that beginners make are usually due to luck, and there is a high chance that they will lose money at first. however, it does require knowledge. let's just say that the loss is the payment of experience. if they were really good at it when they made their first trade, it may be an ability that has been with them for a long time.

If they already have an ability to trade then they are not called beginners anymore but beginners are someone that are completely new to this activity. You said a newbie trader can earn a profit because of luck? but later on you also said that they made it because they are good at? That's a bit confusing but I think the first one is more correct.

There is what we called a beginners luck and it did happen because I also experience this not only in trading but also in gambling and other activities where money is involved. You don't need to pay money to have an experience but we have tools scattered around the web that are free to use. One example is demo trading.

I would guess that you need to be a bit good to get lucky, that's how I think about everything. If you work hard and get good at ANYTHING in life, when the opportunity comes then you will make a good amount of money as well.

Plus it's also important to know that "hard fork" just for hard work sometimes isn't enough, especially in a very competitive activity like trading. Your hard work might only be 50% of the work of another better, younger, hungrier trader. Sometimes accept your limitations and be more effective with your capital in other ways.

[suzanne5223]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

You make a good point but I believe it all depends on individual comprehension mind because no one will have the thought of enchanting his/her knowledge or skills without having the thought of making a strong or buzz which is called purpose in other words which will call profit in crypto investment.
You can go and check the only story of all successful traders, especially in the arbitrage, they always dream big and later work on it. Working on achieving that great dream is the major problem we have now in the market.

[boyptc]

I certainly agree with this because based on my experience, our funds would be nothing no matter how big it is if we aren't knowledgeable about trading. We have to invest knowledge first so we'll be able to create the right decisions and we'll know how to deal with every market situation. Trading is a long process of learning but it's an edge because we couldn't gain the profit that we want if we lack knowledge.

It's the first step.

Take it from those professional traders that they've been through several ups and downs before they've reached themselves into that peak of their trading career.

Learn in all aspects that you should as you trade like in experience, trial and errors, risk management, emotional management and as in almost everything.

More or less like that and it should be realized also that in doing all of that make sure you have to be patient,
in learning it all to reach the peak of a career like them professional traders it takes time,
nothing is instant and everything needs a process

Patience can be learned even if you're not.

Like the other important aspects, in trading, it's needed for you to be patient all of the time. So if you want to stay in trading for so long and make money the most from it.

You need to be patient no matter what the situation is saying. The latter part of what you said is true, it's all coming into a process and you have to taste every part of it so that you'll become better as you stay.

[goaldigger]

I understand how bad if we lose money on our first trade but I think we have to understand as well that not all went too easily. There is something we need to change and instead of focusing on how to earn money, it supposes we have to focus on how to enhance our knowledge and skills first. For the moment that we have all of these things, it can be easy for us to make a profit in the market...it guarantees nothing but nobody was able to succeed in the absence of these things.

We trade to make money, but I agree on the concept of this one since having a good knowledge can make you more profitable so if you’re a bigger you should learn how to analyze first, and you should know how to create your own strategy since trading is too risky and if you are not familiar with it, losing money is inevitable.

There are a lot of ways to learn trading now a days, to keep yourself updated you must lend sometime on your learnings and improving yourself.

Don’t focus too much on the money because it will come to you once you have that good strategy.

[milewilda]

Knowledge will always comes first because that's how it all works and you didn't see someone gaining lots of profit without knowing what they were doing. If you see one, then it's most likely they were gambling and that is just pure luck it takes a little while if you will win again but for most people it's a complete disaster if they gamble in the long run.

That's why we always said to these newbies to learn the basics first not just in trading but for almost everything. Don't put money first, invest in books, knowledge is important in order to gain money.

Having a goal or setting a target isnt bad specially it would really be on making profits but if you do hurry up yourself then this is where mistakes do happen and it shouldnt really be that tolerated.
Learning would be the first priority and that via means with real experience and next would be profits because you would realize for yourself that you are making money while you are learning.
On next trades then you do know on what you are dealing off and on how to handle up yourself with this very unpredictable market.

[Issa56]

I believe you are really right, as a beginner I believe you will definitely lose money, if you are after money as a beginner in Cryptocurrency you will continue to lose money, but as a beginner in Cryptocurrency if you focus on enhancing your knowledge and improving your skills then you will definitely start making money after getting the appropriate knowledge, but if you are after money, I believe you will continue to lose money and you won't know why you are losing money, so as a beginner I believe you should always go for knowledge first.