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Author Topic: DONT GIVE ME FISH  (Read 259 times)
jaberwock
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October 06, 2022, 03:19:34 AM
 #21

A man who needs an assistance about wealth, once and never again, will initially turn down an offer of wealth, and insist on learning how to make it (wealth).

I am curious about higher returns on trade. I have heard about leverage and actually checked on YouTube for better explanation. I want to know how it works! I believe better explanation will be from those who have actually used it in their trade. Please!
I thought you don't want a 'direct signals for buying/selling'? But, I understand what you acted here is similar to that. You are asking if there's a way on how to earn huge profits. First of all, there's no such thing as that. Trading is not a quick rich scheme but each traders work their way from the bottom to the top.

If there are someone who offers you a high return start then chances are they are only a scammer. You once said that it's better to insist learning in your own way, then you better start researching in your own and avoid asking for other's help. It's more beneficial because you can avoid to get scammed that way and then it can help you become a better trader.

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October 08, 2022, 08:43:08 PM
 #22

A man who needs an assistance about wealth, once and never again, will initially turn down an offer of wealth, and insist on learning how to make it (wealth).

I am curious about higher returns on trade. I have heard about leverage and actually checked on YouTube for better explanation. I want to know how it works! I believe better explanation will be from those who have actually used it in their trade. Please!
I thought you don't want a 'direct signals for buying/selling'? But, I understand what you acted here is similar to that. You are asking if there's a way on how to earn huge profits. First of all, there's no such thing as that. Trading is not a quick rich scheme but each traders work their way from the bottom to the top.

If there are someone who offers you a high return start then chances are they are only a scammer. You once said that it's better to insist learning in your own way, then you better start researching in your own and avoid asking for other's help. It's more beneficial because you can avoid to get scammed that way and then it can help you become a better trader.
Op should have the right mindset towards trading first before seeking right strategies and knowledge about the basics of trading. Seeing it as a quick rich scheme has a huge impact on his decisions which might affect his trading journey negatively.
You have to be mindful of trading risks first and be sure that you sre willing to deal with the possibility of losing. Others might suggest you strategies on how to fish but in trading, continuous research works. It's a long process of learning but you'll learn fast by trying it. Let your experience train you as you apply the knowledge that you're gaining through your research.
For the sake of awareness and learning up things about different types of trading system or options then it isnt really that a bad idea on asking out on the community on whats the difference between leverage,
futures,derivatives and so on.Yes, these information could really be learned up on just simply making up some research but not all do prefer on reading up those information and would rather just
prefer on hearing up peoples real time sentiment and opinions on this one.

@OP, 2nd post does really explain at all or precisely talks and mentioned the difference between and the similarities.There's no need for it to be
repeated.

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DoublerHunter
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October 08, 2022, 09:15:23 PM
 #23

I am curious about higher returns on trade. I have heard about leverage and actually checked on YouTube for better explanation. I want to know how it works! I believe better explanation will be from those who have actually used it in their trade. Please!

If you're just a newbie in crypto, I suggest that you stay away from leverage trading since it's very risky. It is true that it can give you huge amount of gains but its risk is also huge as well. You can easily lose all of your money in doing it when you're not knowledgeable. Even if you're equipped with some knowledge, the volatility of the crypto market can still liquidate your capital in an instant.
^It seems like gambling your money that puts a high risk or looking a high odds for a high reward.
That is exactly what I am going to say, never put your money in high-risk leverage trading because it will not have a 100% guarantee that you will earn profit. But I don't understand people that keep doing leverage trading and hoping that they will become instant millionaires on it. Though that is not bad to try but at least you must have a knowledge first on how to manage your fund.
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October 08, 2022, 10:14:25 PM
 #24

A man who needs an assistance about wealth, once and never again, will initially turn down an offer of wealth, and insist on learning how to make it (wealth).

I am curious about higher returns on trade. I have heard about leverage and actually checked on YouTube for better explanation. I want to know how it works! I believe better explanation will be from those who have actually used it in their trade. Please!
Do not use leverage, you are not ready for it, this is probably not the advice you wanted to read but it is the correct one for someone like you that is still learning, I do not have stats on this but I am quite sure the three main reasons newbies lose their money are because of scammers, investing in shitcoins and using leverage in their trades, so you are asking for trouble if you use leverage when your level of knowledge and experience is so low.

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