Trading is risky, be conscious

[RockBell]

I agree with what OP said, people should be careful when they are trading and be free from the mindset of fast profit, just concentrate on knowing how trading works, some people see trading as gambling, they want to get rich with it by all means, I don't think that this stuff works that way, I believe that you have to be conversant with the market before you can call yourself a trader, trading can make you lose everything you have worked for, this ugly situation is very common in greedy traders, they want to strike by all means, even though you have many year's of experience in trading, I believe you don't still know it all, managing your risk very well makes you a good good trader, this will help you to avoid being doomed.

An open mentality is another excellent ingredient to help trading. Getting into the trading mood requires a lot of focus and concentration. There are steps to follow, so if one is missing, there is a serious problem that could cost the trader money. And for people that trade with the mindset of gambling then they are putting their self at risk. Which is the reason some people resort to reverse trading. Training with the right mindset is crucial. Many traders experience problems. The fact that some people benefit from learning things the hard way is one positive thing. They will gain experience there, learn to curb their greed, and always act morally.

[Lanatsa]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

Crypto trading is not a get-rich-quick scheme. but in the long run, cryptocurrency is the only investment that makes sense because it is very profitable and also full of risks. Their best advice for beginners is to change this mindset first so that beginners know the signs and their goals in trading. Because without a change in mindset, everything will be in vain because you don't have a target and you can't control your emotions well so you quickly panic if something happens in the market.

For those who are beginners, they also need to know basic strategies that can help their investment steps because there will be many changes in the market so that we can understand when the market is bullish or bearish. After learning everything, they will know their own trading skills so they will get consistent profits.

People should realize this on which if you do mold up that kind of intent or belief in mind that trading is a quick rich scheme then you would really be ending up on a disaster but well just let those people believe on what they do believe because on the time that you would really be stepping into this market then it would really be that totally a huge mess and you would really be making out those realization later on that it isnt something that you do really have in mind. You cant really be able to make money if you wont really be that serious on doing so. Trading does really need up that kind of effort and time which needs to be spend
and of course you would really be needing that capital.

BUY LOW SELL HIGH might sounds pretty basic but this is actually the hardest thing to be done.

[Biznesmen]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

I am not saying trading is risky, but in my opinion, trading is not for everyone. There is short-term and long-term trading there, and people can invest there according to their needs and choices. In short-term trading, people are consciously required to update the market at all times, but in long-term investing, people are updating the market from time to time. The advice I give to people who start trading is that you know the market is highly volatile, so knowledge and experience are the keys to gaining and trading successfully. And finally, do your own research and don't ever follow anyone's advice blindly.

[shinratensei_]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

I am not saying trading is risky, but in my opinion, trading is not for everyone. There is short-term and long-term trading there, and people can invest there according to their needs and choices. In short-term trading, people are consciously required to update the market at all times, but in long-term investing, people are updating the market from time to time. The advice I give to people who start trading is that you know the market is highly volatile, so knowledge and experience are the keys to gaining and trading successfully. And finally, do your own research and don't ever follow anyone's advice blindly.

when it comes to trading I honestly think that some people needs to test the water first, not just pouring all their capital into trading and then lose but testing the water with small amount of capital first to start out, see whether they can profit from it with their skill and knowledge and then judge whether they gonna just go all in into the trading career they really sought after.
its best way to determine capability of someone in doing trading since its not some measly matter but serious matter involving the fact that someone could quite literally losing all their entire capital when they make mistake with trading and then proceed to get bankrupt instead of building profit from trading itself. many people seems to underestimate it but really its serious matter.

[Obari]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

I am not saying trading is risky, but in my opinion, trading is not for everyone. There is short-term and long-term trading there, and people can invest there according to their needs and choices. In short-term trading, people are consciously required to update the market at all times, but in long-term investing, people are updating the market from time to time. The advice I give to people who start trading is that you know the market is highly volatile, so knowledge and experience are the keys to gaining and trading successfully. And finally, do your own research and don't ever follow anyone's advice blindly.

when it comes to trading I honestly think that some people needs to test the water first, not just pouring all their capital into trading and then lose but testing the water with small amount of capital first to start out, see whether they can profit from it with their skill and knowledge and then judge whether they gonna just go all in into the trading career they really sought after.
its best way to determine capability of someone in doing trading since its not some measly matter but serious matter involving the fact that someone could quite literally losing all their entire capital when they make mistake with trading and then proceed to get bankrupt instead of building profit from trading itself. many people seems to underestimate it but really its serious matter.

You guys are absolutely correct with your points and I believe anyone going into the trading industry should already be aware of the risk and at such should be prepared and equipped with the necessary knowledge of the market they’re going into. Most times it is always advisable for people to first practice with the demo account before diving into the real account but from my personal observations it seems the demo account doesn’t build the emotions of a trader but rather only give the newbie trader insight of the broker and how to scale through it.
Losses are inevitable in trading but ability to learn from your losses is paramount.

[gunhell16]

Over the time, I've seen people wanting to go into trading because they feel or think is a get rich quick scheme but get so disappointed along the process because the result they get isn't what was expected.
Trading is a very lucrative business but also a very risky business as well and as such should be done with so much caution.
What would be your advice for those wanting to trade as a newbie?

I am not saying trading is risky, but in my opinion, trading is not for everyone. There is short-term and long-term trading there, and people can invest there according to their needs and choices. In short-term trading, people are consciously required to update the market at all times, but in long-term investing, people are updating the market from time to time. The advice I give to people who start trading is that you know the market is highly volatile, so knowledge and experience are the keys to gaining and trading successfully. And finally, do your own research and don't ever follow anyone's advice blindly.

when it comes to trading I honestly think that some people needs to test the water first, not just pouring all their capital into trading and then lose but testing the water with small amount of capital first to start out, see whether they can profit from it with their skill and knowledge and then judge whether they gonna just go all in into the trading career they really sought after.
its best way to determine capability of someone in doing trading since its not some measly matter but serious matter involving the fact that someone could quite literally losing all their entire capital when they make mistake with trading and then proceed to get bankrupt instead of building profit from trading itself. many people seems to underestimate it but really its serious matter.

You guys are absolutely correct with your points and I believe anyone going into the trading industry should already be aware of the risk and at such should be prepared and equipped with the necessary knowledge of the market they’re going into. Most times it is always advisable for people to first practice with the demo account before diving into the real account but from my personal observations it seems the demo account doesn’t build the emotions of a trader but rather only give the newbie trader insight of the broker and how to scale through it.
Losses are inevitable in trading but ability to learn from your losses is paramount.

Well, I hope newbies can read this topic you've made and know what they should do about getting into crypto trading. Because most of them are just scammers who can make money right away in the crypto space. which is not supposed to happen.

And besides, the majority here in this forum did not fail to remind those like them who do not know anything about the trading industry. The only sad thing is that the newbies only had a little idea or knowledge of trading. If they immediately act like they know everything, then when what they did goes to nothing, they will blame Bitcoin or crypto and say it's a scam.

[Obari]

Well, I hope newbies can read this topic you've made and know what they should do about getting into crypto trading. Because most of them are just scammers who can make money right away in the crypto space. which is not supposed to happen.

And besides, the majority here in this forum did not fail to remind those like them who do not know anything about the trading industry. The only sad thing is that the newbies only had a little idea or knowledge of trading. If they immediately act like they know everything, then when what they did goes to nothing, they will blame Bitcoin or crypto and say it's a scam.

I also do wish they can get to see this very thread because a lot of newbie traders come into the industry with a very wrong mentality of making massive profit with minimal capital and I wouldn’t blame the newbie traders this time but rather I will blame those that introduced them to trading with such wrong orientation.
Trading should be treated as every other business and not seen as a get rich quick scheme and one thing that leads to losses and blowing of account by newbies is the fact that they put so much pressure on themselves and always want to set unrealistic targets for themselves which only ends in losses.

[boty]

I also do wish they can get to see this very thread because a lot of newbie traders come into the industry with a very wrong mentality of making massive profit with minimal capital and I wouldn’t blame the newbie traders this time but rather I will blame those that introduced them to trading with such wrong orientation.
Trading should be treated as every other business and not seen as a get rich quick scheme and one thing that leads to losses and blowing of account by newbies is the fact that they put so much pressure on themselves and always want to set unrealistic targets for themselves which only ends in losses.

Mistakes that are often made by some people who only know a little about the meaning of trading and immediately start trading so that they experience losses from the trades they make and for those who introduce trading to other people, it would be good if they taught them how to trade well so they can gain profits from the trades they make they do.

That's right, there are no easy profits that we can get from the trading that we do without having good skills in the field of trading and also the process that we have to go through to get good results from the trading that we do.

[gunhell16]

As long as there is money involved, there is always a risk when it comes to cryptocurrency. Risk always exists while engaging in new ventures, trading on these three platforms, and joining launchpads to reputable exchanges. It seems common sense that trading carries some risk. You are not exempt from it, even if you have some knowledge of trading techniques.

Because of this, you should value your cryptocurrency holdings if you want them to increase in value. If you are aware of your ignorance in this area, attempt to learn more about it; otherwise, your purchases of cryptocurrency will be, as they say, for naught. "The wise beat the ignorant" .

[terrific]

As long as there is money involved, there is always a risk when it comes to cryptocurrency. Risk always exists while engaging in new ventures, trading on these three platforms, and joining launchpads to reputable exchanges. It seems common sense that trading carries some risk. You are not exempt from it, even if you have some knowledge of trading techniques.

Definitely.
Risk is found everywhere where you can have the chance to earn money. That's how it goes, you lose or profit from that trade and that's why trading is making someone win, and someone lose.
You either gets eaten and lose on this market with your trades or you eat others money and gets it through winning your trades.

[Litzki1990]

No matter what business or work you do you should never look for a get rich quick way because no work will make you rich quick. People who gamble gamble to get rich quickly but at the end of the day they lose all their money instead of making money by gambling. Trading is risky and there is potential to make money if done properly, but trading is never a get-rich-quick scheme. Trading will not make you rich quick at all. Those who think trading is a get-rich-quick scheme I would say have little understanding of trading. Trading is a virtual business where both profit and loss are made. The more knowledge about trading, the more successful he will be from trading, so a trader should think about how to become more efficient about trading without thinking about getting rich quickly.

[Bushdark]

As long as there is money involved, there is always a risk when it comes to cryptocurrency. Risk always exists while engaging in new ventures, trading on these three platforms, and joining launchpads to reputable exchanges. It seems common sense that trading carries some risk. You are not exempt from it, even if you have some knowledge of trading techniques.

Definitely.
Risk is found everywhere where you can have the chance to earn money. That's how it goes, you lose or profit from that trade and that's why trading is making someone win, and someone lose.
You either gets eaten and lose on this market with your trades or you eat others money and gets it through winning your trades.

Those who are risk takers are the ones making consistent profits from the market. If we don't take risk and keep our money because we don't want to lose it, our money will remain there without growing or increasing. We need to take risks to make profits as a cryptocurrency traders. Consciousness is required for us to earn from the market so that we don't do mistake that would aid our loses without an early awareness. Those crypto professionals that had been in the market for long know how to maximize their profits with little risks.

[terrific]

As long as there is money involved, there is always a risk when it comes to cryptocurrency. Risk always exists while engaging in new ventures, trading on these three platforms, and joining launchpads to reputable exchanges. It seems common sense that trading carries some risk. You are not exempt from it, even if you have some knowledge of trading techniques.

Definitely.
Risk is found everywhere where you can have the chance to earn money. That's how it goes, you lose or profit from that trade and that's why trading is making someone win, and someone lose.
You either gets eaten and lose on this market with your trades or you eat others money and gets it through winning your trades.

Those who are risk takers are the ones making consistent profits from the market. If we don't take risk and keep our money because we don't want to lose it, our money will remain there without growing or increasing. We need to take risks to make profits as a cryptocurrency traders. Consciousness is required for us to earn from the market so that we don't do mistake that would aid our loses without an early awareness. Those crypto professionals that had been in the market for long know how to maximize their profits with little risks.

Even risk takers, there's no consistent person that makes money from the market. It's either we're lucky to lump sum some profits and wait again for a long time to take profits from our holdings.
But for the traders, it's not always like that. There are also days that aren't good and making them stop because losing is likely the name of their days but it's not always like that, so there's balance in both things.
Well, about risk taking, that's true that if we don't take risk, we don't get any gain.

[shinratensei_]

I also do wish they can get to see this very thread because a lot of newbie traders come into the industry with a very wrong mentality of making massive profit with minimal capital and I wouldn’t blame the newbie traders this time but rather I will blame those that introduced them to trading with such wrong orientation.
Trading should be treated as every other business and not seen as a get rich quick scheme and one thing that leads to losses and blowing of account by newbies is the fact that they put so much pressure on themselves and always want to set unrealistic targets for themselves which only ends in losses.

Mistakes that are often made by some people who only know a little about the meaning of trading and immediately start trading so that they experience losses from the trades they make and for those who introduce trading to other people, it would be good if they taught them how to trade well so they can gain profits from the trades they make they do.

That's right, there are no easy profits that we can get from the trading that we do without having good skills in the field of trading and also the process that we have to go through to get good results from the trading that we do.

even with skill trading could often time become so abstract that i don't blame even if someone with so many experiences and also skill could still lose.
therefore trading is a serious thing not just some random person could profit except sometime they might be lucky but honestly there's always risk in earning money, its just that in trading its high risk high reward since also its not rare to see some people getting rich from just a trading daily but some of other people might incur losses and went bankrupt it goes both ways.
i would advise if someone is financially unstable they should refrain from trying to get rich quick, instead their emotion would influence their decision and have even worst financial condition.

[HONDACD125]

No matter what business or work you do you should never look for a get rich quick way because no work will make you rich quick. People who gamble gamble to get rich quickly but at the end of the day they lose all their money instead of making money by gambling. Trading is risky and there is potential to make money if done properly, but trading is never a get-rich-quick scheme. Trading will not make you rich quick at all. Those who think trading is a get-rich-quick scheme I would say have little understanding of trading. Trading is a virtual business where both profit and loss are made. The more knowledge about trading, the more successful he will be from trading, so a trader should think about how to become more efficient about trading without thinking about getting rich quickly.

It's not that people can't make big profits in short time from trading, but experienced and skilled people can still make good profits in short time from trading. Well be it trading or any business experience and knowledge is very important. I think in trading there is an opportunity to make a big profit quickly. In spot reading we may have to wait a long time but in futures trading you can earn more profit in less time, but in future trading if one has a lot of skill and experience and only one who has mastered future trading can get a good profit from here.

The more you trade with leverage, the more chances you have of getting more profit in less time, but a wrong trade can also cause you huge losses, because the market can go against our estimates and analysis. So futures trading should be done very carefully, but there is no better trade for high profit in short period of time.

[TakeItEasy]

An open mentality is another excellent ingredient to help trading. Getting into the trading mood requires a lot of focus and concentration. There are steps to follow, so if one is missing, there is a serious problem that could cost the trader money. And for people that trade with the mindset of gambling then they are putting their self at risk. Which is the reason some people resort to reverse trading. Training with the right mindset is crucial. Many traders experience problems. The fact that some people benefit from learning things the hard way is one positive thing. They will gain experience there, learn to curb their greed, and always act morally.

In trading, do you know mostly traders are killed by their greed, when greed of a person reaches to an extreme level then the risk factors got too high and as a result their is a loss in the trade. Same thing in the gambling happen, as we know that gambling is too much risky as compared to other things, and when a thing has much risks and when in that thing the greed is involved do you know how dangerous that would be for the individual.

In my case, trading could be beneficial till that when we trade like for just earning but when the more greed involved in the trading then it is not trading as I say then it becomes gambling which is not as better for the trader, that's why mostly youtubers and mostly traders differs it from the gambling.

[kingvirtus09]

Until now, there are still many newbies who want to enter crypto trading without knowing anything, as long as they can only make a profit here in the short term.

And these habits or behaviors are not conscious of them, so the result always ends up being the loss of their investment.
Because greed is prioritized in their goal. Something that shouldn't be like that for a beginner who is entering crypto trading, to be honest.
It is because any trading business always involves risk, and newbies don't see that.

[Dickiy]

Until now, there are still many newbies who want to enter crypto trading without knowing anything, as long as they can only make a profit here in the short term.

And these habits or behaviors are not conscious of them, so the result always ends up being the loss of their investment.
Because greed is prioritized in their goal. Something that shouldn't be like that for a beginner who is entering crypto trading, to be honest.
It is because any trading business always involves risk, and newbies don't see that.

Right I agree with your statement, and indeed in my opinion one of the reasons they come is because they see the benefits that other people have achieved, so that makes them feel motivated, that's good but the problem is that they come in their trading involvement without bringing any tools to lure profits to come such as knowledge and even a basic understanding of the world of trading, and also not to mention lately I have seen many new traders who have a lot of loss problems because maybe one of the reasons as I said above.

Therefore I hope for anyone who wants or even just wants to enter the world of trading I hope they can reconsider their intentions, don't just look in terms of big profits, because obviously behind big profits there will definitely be big risks too in any case or field. Basically trading has a high risk and not everyone can go through the process in their trading involvement to success, many fail and some succeed.  So I hope you can consider it before it's too late and regret it.

[EarnOnVictor]

As long as there is money involved, there is always a risk when it comes to cryptocurrency. Risk always exists while engaging in new ventures, trading on these three platforms, and joining launchpads to reputable exchanges. It seems common sense that trading carries some risk. You are not exempt from it, even if you have some knowledge of trading techniques.

Definitely.
Risk is found everywhere where you can have the chance to earn money. That's how it goes, you lose or profit from that trade and that's why trading is making someone win, and someone lose.
You either gets eaten and lose on this market with your trades or you eat others money and gets it through winning your trades.

That's the market for you, it's either you give or you take, and how do you take more often? By making sure that you are adequate for the market. This is done through well-established trading skills, management and plans, and with the mind void of emotion and other psychological issues.

I always say that nothing is impossible in trading when it comes to earning, yet it's a very risky avenue where one's money could be lost easily or money be made easily.

What comes to you from either of the two depends on you through your actions and inactions and your adequacy/inadequacy for the task.

[Fatunad]

As long as there is money involved, there is always a risk when it comes to cryptocurrency. Risk always exists while engaging in new ventures, trading on these three platforms, and joining launchpads to reputable exchanges. It seems common sense that trading carries some risk. You are not exempt from it, even if you have some knowledge of trading techniques.

Definitely.
Risk is found everywhere where you can have the chance to earn money. That's how it goes, you lose or profit from that trade and that's why trading is making someone win, and someone lose.
You either gets eaten and lose on this market with your trades or you eat others money and gets it through winning your trades.

That's the market for you, it's either you give or you take, and how do you take more often? By making sure that you are adequate for the market. This is done through well-established trading skills, management and plans, and with the mind void of emotion and other psychological issues.

I always say that nothing is impossible in trading when it comes to earning, yet it's a very risky avenue where one's money could be lost easily or money be made easily.

What comes to you from either of the two depends on you through your actions and inactions and your adequacy/inadequacy for the task.

You wont really be able to sustain if you dont have those skills.

1. Emotion handling
2. Risks management
3. Technical knowledge
4. Fundamental application
5. Versatility
6. Adaptability
7. Limitation

Trading is indeed risky and if you arent really that serious on taking it then expect that loses would really be next in line.
This isnt for those faint hearted because facing up volatile prices is never been that giving that good feeling but rather those stress,anxiety,hindrance etc...
If you are that someone who do have that kind of soft personality then for sure you would really be having a hard time to adjust
it out but doesnt mean its impossible on molding yourself overtime. It would really be just varying on a certain individual
on how they would adjust on.