Trading is risky, be conscious

[Oilacris]

It is important for yourself to understand that the risk in trading is justified. If this is not justified, is it worth continuing to work in this industry?

You are the ones who would really be finding out whether it would be worth for you or not but we should put up into our minds that trading isnt something that you could deal off with easily or in a short

time which it would really be requiring sufficient time and effort to be spent out for you to make yourself find out if you are doing well or not.Trading is risky but its not impossible for making yourself
to be profitable but you would be experiencing lots of trial and error which we do know that it is really just normal.

Be versatile and make yourself that aware on your actions.Just dont make yourself in a rush.

[lobo13hf]

It is important for yourself to understand that the risk in trading is justified. If this is not justified, is it worth continuing to work in this industry?

justified only if there's no manipulation going and you could still make profits, sometimes it's just individual vs whales, same in stock market.
if you think trading is still quite good and you could still make profits that's totally fine, after all everyone have their own way of making money.
but sometimes some people aren't really trading they are betting.

[martyns]

It is important for yourself to understand that the risk in trading is justified. If this is not justified, is it worth continuing to work in this industry?

justified only if there's no manipulation going and you could still make profits, sometimes it's just individual vs whales, same in stock market.
if you think trading is still quite good and you could still make profits that's totally fine, after all everyone have their own way of making money.
but sometimes some people aren't really trading they are betting.

Trading came with risks that were beyond comprehension. Setting TP and SL before executing an order in the market is highly recommended. Depending on the size of the account and the leverage, it takes very little time for one to notice earnings or losses in his or her account. Always exercising prudence before trading has greatly reduced the number of times I've had to liquidate my futures accounts, which is one of the worst things I've ever experienced in this industry. There are instances when we may be able to predict the major defeat, but we must still confront it in order to grow stronger in the arena and learn the finest strategies there.

[KupaCrypto]

Every Risk is meant to be taken, there won't be a risk is there is no body to take it, so I can say every Risk is meant to be taken with some level of carefulness,  so you taking a risk while trading is not a new thing, in short apart from online trade even Normal business trade is risky because you might loose your whole money because of a single mistake or situation.

If you really want to to prosper in what ever you do , then you have to be ready to take risk and risking something to get another thing might end up bringing back the two things risked. And you have to be very conscious, once you have taken risk make sure you observe that trade closely as to know when to opt out of it.

[yohananaomi]

Every Risk is meant to be taken, there won't be a risk is there is no body to take it, so I can say every Risk is meant to be taken with some level of carefulness,  so you taking a risk while trading is not a new thing, in short apart from online trade even Normal business trade is risky because you might loose your whole money because of a single mistake or situation.

If you really want to to prosper in what ever you do , then you have to be ready to take risk and risking something to get another thing might end up bringing back the two things risked. And you have to be very conscious, once you have taken risk make sure you observe that trade closely as to know when to opt out of it.

totally agree with what you said, no action will be taken no risk will occur, but everything is returned to the person to be able to keep the risks that occur as small as possible and not fatal, even of course it is very good if it is profitable.
but before taking a step, you should know the circumstances that will occur for each step that will be taken, as well as trading.
Observing and analyzing as best as possible is an action that must be taken before going further, so that there are precautions if something goes wrong in the step so that it is not more fatal.

[dunfida]

Every Risk is meant to be taken, there won't be a risk is there is no body to take it, so I can say every Risk is meant to be taken with some level of carefulness,  so you taking a risk while trading is not a new thing, in short apart from online trade even Normal business trade is risky because you might loose your whole money because of a single mistake or situation.

If you really want to to prosper in what ever you do , then you have to be ready to take risk and risking something to get another thing might end up bringing back the two things risked. And you have to be very conscious, once you have taken risk make sure you observe that trade closely as to know when to opt out of it.

totally agree with what you said, no action will be taken no risk will occur, but everything is returned to the person to be able to keep the risks that occur as small as possible and not fatal, even of course it is very good if it is profitable.
but before taking a step, you should know the circumstances that will occur for each step that will be taken, as well as trading.
Observing and analyzing as best as possible is an action that must be taken before going further, so that there are precautions if something goes wrong in the step so that it is not more fatal.

You would be able to learn up those things along the way on which you would really be experiencing errors and mistakes along the way on where these things could help you out to become a better trader later on and thats if you are really that sensible on trying out to accept those errors and accept it. Trading is risky and its one of the most common thing and just like on other investment on which it would really be that
normal that you would really be losing money.Thing here is that you do need to sustain if you do really have plans on making profits or making some good career on trading.Not all would really be
able to handle it out though.

[Popkon6]

What would be your advice for those wanting to trade as a newbie?

Adequate amount of knowledge is definitely required for trading.  As there is a desire to know the unknown, there are many learning levels in trading.  Because anywhere you enter there will be risk in this case trading is definitely risky because where there will be profit and loss risk is normal.  Trading is best to start trading with a small amount of assets and gain experience as you trade.

I started trading with small amount of assets when I was new.  First time was successful but second time I faced loss.  But from there, my experience gradually improved, but now I can call myself a normal trader.

[Hyphen(-)]

Every Risk is meant to be taken, there won't be a risk is there is no body to take it, so I can say every Risk is meant to be taken with some level of carefulness,  so you taking a risk while trading is not a new thing, in short apart from online trade even Normal business trade is risky because you might loose your whole money because of a single mistake or situation.

There is no doubt that risk must be taken in any business, not just cryptocurrency trading.
However, basic and adequate knowledge is required in order to minimize risk; but even so, some people will jump into trading or any business without having any knowledge of that particular business; these are the people who fail quickly and end up blaming those who introduced them to the business, particularly crypto trading.

If you really want to to prosper in what ever you do , then you have to be ready to take risk and risking something to get another thing might end up bringing back the two things risked. And you have to be very conscious, once you have taken risk make sure you observe that trade closely as to know when to opt out of it.

The higher the risk the higher your profit, but sometimes you need to learn how to minimize the risk because if you cannot minimize the risk, you will lose it all.

[Flexystar]

It’s big well of money where you never find the solid bottom and never leave out of your desires if not controlled in time. That repeating feeling of “I can get more”, “I can overcome my loses”, “just the last trade”, and so on; all of those feeing and actions can be dangerous in the long run and everyone goes through this. Many traders keep stating they are strong mind but somehow everyone goes through above mentioned actions and thoughts. Everyone knows it but none of them openly state it. Better stay away if someone is not able to control such actions. Otherwise it’s horrible unrecoverable money.

[Mahanton]

It’s big well of money where you never find the solid bottom and never leave out of your desires if not controlled in time. That repeating feeling of “I can get more”, “I can overcome my loses”, “just the last trade”, and so on; all of those feeing and actions can be dangerous in the long run and everyone goes through this. Many traders keep stating they are strong mind but somehow everyone goes through above mentioned actions and thoughts. Everyone knows it but none of them openly state it. Better stay away if someone is not able to control such actions. Otherwise it’s horrible unrecoverable money.

Dont chase up losses
Dont be greedy
Dont be that impulsive

This is the key for you to withstand this unpredictable and random market.Dont make yourself in a rush because it would really be
just that creating that kind of desperation and which causes lots of mistakes.Trading is risky thats why you should
take it seriously and do your assignment on the time that you would be dealing with.

[yohananaomi]

Every Risk is meant to be taken, there won't be a risk is there is no body to take it, so I can say every Risk is meant to be taken with some level of carefulness,  so you taking a risk while trading is not a new thing, in short apart from online trade even Normal business trade is risky because you might loose your whole money because of a single mistake or situation.

If you really want to to prosper in what ever you do , then you have to be ready to take risk and risking something to get another thing might end up bringing back the two things risked. And you have to be very conscious, once you have taken risk make sure you observe that trade closely as to know when to opt out of it.

totally agree with what you said, no action will be taken no risk will occur, but everything is returned to the person to be able to keep the risks that occur as small as possible and not fatal, even of course it is very good if it is profitable.
but before taking a step, you should know the circumstances that will occur for each step that will be taken, as well as trading.
Observing and analyzing as best as possible is an action that must be taken before going further, so that there are precautions if something goes wrong in the step so that it is not more fatal.

You would be able to learn up those things along the way on which you would really be experiencing errors and mistakes along the way on where these things could help you out to become a better trader later on and thats if you are really that sensible on trying out to accept those errors and accept it. Trading is risky and its one of the most common thing and just like on other investment on which it would really be that
normal that you would really be losing money.Thing here is that you do need to sustain if you do really have plans on making profits or making some good career on trading.Not all would really be
able to handle it out though.

I agree with you, friend, every action we take, especially with trade, so if you experience an action that results in an unwanted mistake, of course you will push yourself so you don't make the same mistake again. Becoming a good trader can be ensured because one of them is learning from mistakes that have been made, because they always leave an impression and create a desire not to repeat.
It must also be admitted that all actions are certain to always be full of risks, especially with crypto trading which is difficult to predict if not for being diligent in analyzing and continuing to want to learn and update knowledge.

[Franctoshi]

Trading is risky this is why there are rules. See trading as a mathematics and a game , in the sense that when you understand a game you will enjoy it and keep wining, and in the order hands as a Maths, when you know the fumular, the rules of solving every mathematics and apply it you will definitely arrive at a profitable results. In trading 95% of traders loose money because they only focus on making money without understand the process that is involved.

 If you can sit back and ask yourself what is the mistakes that the 95% of traders do or why they loose money and start working on correcting those stuffs like risk/money management, greediness, inpatient, basically outsmarting the market, indicipline etc , one day you will as well become part of 5% profitable trader .

[samcoin]

I think everything in life has a level of risk associated with a level of profits that could be earned from doing it. The difference between all earning money sectors lies in the amount of knowledge and experience that's needed to do it, the higher the knowledge and experience, the higher the profits. Regarding cryptocurrencies trading, I think it's still profitable, but it's getting harder and harder as the AI bots that is operated by exchanges making it difficult for the average person to make profits, as well as the manipulations are always there as the market lacks regulations.

[pantek talacuik]

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?

If you say for beginners the thing to do to invest is to keep trying with a smaller amount because if you think about a risk it seems that everything you do has its own risk later. all choices have a risk for you to learn with all of this. So everything is in your hands later.

[Dr.Osh]

What would be your advice for those wanting to trade as a newbie?

well, trading is not an instant way that makes you rich in 1 night. Trading is the art of buying and selling and profiting from it. even though basically trading is easy, believe me, what you think is not true. the people who got rich through this route probably had a bitter time in life trading. Prepare your faith and mind because the risk of trading is very large. However, when you master the techniques of trading, you can also benefit quickly. make sure to use money that won't change your life when you lose it. Always develop the strategy you have, and always learn. and one more thing, Don't be greedy.

[LUCKMCFLY]

In all trading there will always be risks, the most important thing here is that they can generate opportunities to prosper but with the possibility that you can win, when you operate at risk it is that you can take a very high lotage when you have a balance that does not be so good, because two things can happen, if you are lucky you can capitalize very quickly, otherwise everything could go down and burn the account, so in trading if a person wants to be successful they have to know how to do it, they have to know how to do and put a lotage to avoid going bankrupt, this is something that many trader sometimes do not pay attention to, but it is very important.

[darewaller]

What would be your advice for those wanting to trade as a newbie?

well, trading is not an instant way that makes you rich in 1 night. Trading is the art of buying and selling and profiting from it. even though basically trading is easy, believe me, what you think is not true. the people who got rich through this route probably had a bitter time in life trading. Prepare your faith and mind because the risk of trading is very large. However, when you master the techniques of trading, you can also benefit quickly. make sure to use money that won't change your life when you lose it. Always develop the strategy you have, and always learn. and one more thing, Don't be greedy.

But he didn't say that he wants easy money or he got involved here for the same reasoning but he is just interested in trading. We shouldn't worry for the guy like the OP because he will surely have a patience but what he lacks right now is knowledge. It can be the basic one since it's only the one that is easy to give here and teach.

For the advanced one, he must be the one who must venture it by himself. I don't believe that someone can get rich in trading due to its risk levels. It's just like playing a gambling and the only thing that can give us there is some profits which still helps to improve our life. In order to be rich we might need to save up and have different income streams.

[Renampun]

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.

trading can give profitable = yes
trading can be detrimental = yes

the more you take risks using large capital, the greater your chances of profit or loss, so don't ever think that trading is an easy job that anyone can do.

What would be your advice for those wanting to trade as a newbie?

I'm not a financial advisor or investment adviser but I always emphasize beginners who want to start crypto trading (including my friends)
- ask yourself if trading is the business you want to do.
- are you ready for losses that could affect your condition? your finances.
- where does your capital come from.
- do you have basic skills such as analytical skills - technical - and mental resilience?

[NicNacCoin]

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.

Trading is very profitable but sustaining those profitable profits is very difficult. For those who think that it is easy to profit from trading platforms, I would say that it is completely wrong. Those who trade without following the various strategies of the trading platform lose their balance and subsequently make many negative comments about the trading. I want to say that if you want to do trading, you must gain experience in different trading strategies and then do trading.

What would be your advice for those wanting to trade as a newbie?

My advice for those who want to trade as a newbie is to gain experience with the trading strategies that are available. Always remember that trading is a very risky business. Trading is never easy. And trading platforms can never be too greedy.

[albon]

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?

Yes, trading involves great risks, but it is a great way to achieve good profits if the trader is patient, willing to learn, and has a positive outlook on the future in the long term in his journey and if the newbie trader can gain sufficient experience and develop his skills by creating a demo trading account on one of the platforms that are free of risks and he experimented with the functions of the trading system and got acquainted with them, and if he was able to determine his own trading system or strategy after he finished his learning period and expanded his perceptions and was able to do research and technical and fundamental analysis well and was able to control his emotions outside the market and make risk management a basic principle for him to protect himself from large losses and he was able to know how and where to enter the market, I believe this newbie trader will reap a lot of gains in the future.