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tjtonmoy
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February 19, 2023, 07:30:48 PM
 #61

I won't totally blame them because this online traders make it look easy that anybody can do it with just having the money and opening an account. You see them constantly updating proof of their profits there by making the whole thing look very easy. What people don't understand is that it's very hard than what they're advertising and if you're not careful you can get liquidated.

Future trading is the most lucrative type of trading but you shouldn't involve yourself if you don't know how to trade the spot market therefore there should always be the starting ground and when you have perfected that then you can move upwards to take higher risks.

Liquidation is the risk that many don't take in consideration or doesn't even know when they are trading future for the first time. And also they put 25-80/90x sometime without realizing how bad that could be if the market moves the opposite way.
I think first spot trade, then DCA, then future trade. If one can follow this step by step. Then they will become pro quickly. But hard work would be a must. If you make a good profit just taking a gamble on the price movement, you will never be successful in the long run, that's for sure.

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February 19, 2023, 09:40:55 PM
 #62

I won't totally blame them because this online traders make it look easy that anybody can do it with just having the money and opening an account. You see them constantly updating proof of their profits there by making the whole thing look very easy. What people don't understand is that it's very hard than what they're advertising and if you're not careful you can get liquidated.

Future trading is the most lucrative type of trading but you shouldn't involve yourself if you don't know how to trade the spot market therefore there should always be the starting ground and when you have perfected that then you can move upwards to take higher risks.

Liquidation is the risk that many don't take in consideration or doesn't even know when they are trading future for the first time. And also they put 25-80/90x sometime without realizing how bad that could be if the market moves the opposite way.
I think first spot trade, then DCA, then future trade. If one can follow this step by step. Then they will become pro quickly. But hard work would be a must. If you make a good profit just taking a gamble on the price movement, you will never be successful in the long run, that's for sure.


Trading is a serious task and it needs more market understanding and we can't just rely on luck like gambling. Hard work and constant learning should be made in order to increase our level of trade and improves the results of our trading. Of course, being a pro-trader is somewhat like to reach but this is impossible if we lack of courage and motivation, and most of all, if are not seriously dealing with this job to work well. We don't need to rush, we don't have to understand it instantly because it can happen gradually as long as we never stop trading and gaining more ideas from day-to-day experience.

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February 19, 2023, 11:34:53 PM
 #63

No one is for newbies why because you could trade on any of it and lost your funds both are volatile, infact as a matter of fact during my early stages with trading I lost all my funds in exchange where I was trying to trade a token listed on exchange. It was directly paired with BTC in the sense that I was not too good with satoshi calculations, for instance I was supposed to place a sell order of 0.00007BTC on spot trading I mistakenly placed it at 0.000007BTC and instantly it triggers and I lost all my funds without knowing it was my fault and this was my beginning stage to start trading. As then i was actually taking future trading to be the easiest, but recently after my experience with future I gat to understand is the most difficult one to deal with than spot trading.

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February 20, 2023, 03:03:26 AM
 #64

(.....)
Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
If your position is a long position, then you can start with spot trading if you are new to trading or just doing some lessons or practicing. But you can also do it on futures trading with leverage but set the leverage to very small leverage.
Setting it to low leverage will help you to minimize the risk and losses. For me, it will not really matter at all if you just know how to do risk management and not be greedy.
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February 20, 2023, 04:44:52 AM
 #65

Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.

Future trading is a business of professionals. I think a newbie should not have much connection to Future trading. Future trading can make or mare you even a professional trader let alone a newbie. A newbie can lose out on everything if they venture into Future trading.
Future trading is risky for pros let alone a beginner. A beginner is good for spot trading and there are no much losses on spot trading especially with tools as stop losses and take profits.
If the only options a newbie is willing to consider are spot trading or futures trading then spot trading should be their choice, as they cannot really become a futures trader without having mastered spot trading.

And this is because futures trading is a more advanced and difficult way to trade, and when we add leverage to this equation a newbie could lose all their money in a single bad trade, something which will be very difficult while making a spot trade on a solid asset like bitcoin.
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February 20, 2023, 11:02:32 AM
 #66

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
I currently have an ongoing trade on Spot that the outcome is rather moving against me for the past four days now which am making much loss by the day, of which if it were to be some other traders they would have cut the trade before now to minimize the loss, but based on my technical analysis which I rigorously did before entering the trade I am just confident that it would bounce back from a certain level am expecting it to hit. Why am I saying this, wether features or spot it all demands a good technical analysis before entering into any trade and not just patience because it's your analysis that embolden your resolute to stay patient when it's a trusted one. So both trades type still demands technical analysis and patience too.

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Mpamaegbu
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February 20, 2023, 12:15:18 PM
 #67

No one is for newbies why because you could trade on any of it and lost your funds both are volatile...
I understand your POV on that. However when drawn in comparison, Spot trading seems easier to grasp and I believe that was the clarification OP sought.

Quote
for instance I was supposed to place a sell order of 0.00007BTC on spot trading I mistakenly placed it at 0.000007BTC and instantly it triggers and I lost all my funds without knowing it was my fault and this was my beginning stage to start trading. As then i was actually taking future trading to be the easiest, but recently after my experience with future I gat to understand is the most difficult one to deal with than spot trading.
Experience, they say, is the best teacher. You had a nasty experience there but glad that you learnt from it. Sometimes I get to find such ludicrous pending others in the trade book and instantly I conclude that such orders are from noob traders who are struggling placing orders. However, it goes to exemplify that one's loss is another's gain.

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February 20, 2023, 12:22:18 PM
 #68

Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.

If by spot you mean long term as that is what I understand with entailing you to buy and hold the asset then I would agree with.I personally am in the long run and have bought and Staked Zilliqa coins which give me 15% applied yearly interest but I never agree with someone doing daily trading as that is the same as gambling if not worse.You have a couple of news you know that you think this x asset will increase in value and buy it only to find out that some other news predecessor that news you knew and make it old and as such you lose money.I am always pro to the option to invest your money for long term profit and from the options shown here I would agree with the spot trading.

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February 20, 2023, 12:51:42 PM
 #69


Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
We can say that spot trading is good for newbies and most of us traders have started at this level before trying to step forward to Futures trading.
For me, it is not necessary we have to try Futures trading. If we are already comfortable and profitable in spot trading I think that was enough. Greediness is somewhat had urge some people to take Futures trading believing that this will give them more satisfaction and earnings. In fact, we can hear that newbies even do this despite the fact that they don't have long trading experience, knowledge, and skills...and regrets come next.

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February 20, 2023, 02:30:19 PM
 #70

Every individual thinks differently so I think that future trading is not for everyone and its the reality that each type of trading is difficult and not everyone can get the same reward as he think about it. The worth of each and every token changes on daily basis so future trading become more risky when the price goes against someone's hopes.

Spot Trading on other hand is also risky but it evolves that ability for new customers to get advantage through buying when cost reduces and selling when costs become up. So in spot trading if users work with active mind can achieve goals but knowledge about the market is necessary.



 

 

 

 

 

 


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February 20, 2023, 06:06:35 PM
 #71

No one is for newbies why because you could trade on any of it and lost your funds both are volatile...
I understand your POV on that. However when drawn in comparison, Spot trading seems easier to grasp and I believe that was the clarification OP sought.

Quote
for instance I was supposed to place a sell order of 0.00007BTC on spot trading I mistakenly placed it at 0.000007BTC and instantly it triggers and I lost all my funds without knowing it was my fault and this was my beginning stage to start trading. As then i was actually taking future trading to be the easiest, but recently after my experience with future I gat to understand is the most difficult one to deal with than spot trading.
Experience, they say, is the best teacher. You had a nasty experience there but glad that you learnt from it. Sometimes I get to find such ludicrous pending others in the trade book and instantly I conclude that such orders are from noob traders who are struggling placing orders. However, it goes to exemplify that one's loss is another's gain.

That true mate, I am on the right side with op since I have this experience from the onset though it requires adequate mentoring and consistent practice for one to be able to deal with future trading,  actually I have been admiring to venture into it but the fear to lose my funds is what making me to stay clear from it since I do over heard most of my friends crying about it.

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February 20, 2023, 08:18:23 PM
 #72

Every individual thinks differently so I think that future trading is not for everyone and its the reality that each type of trading is difficult and not everyone can get the same reward as he think about it. The worth of each and every token changes on daily basis so future trading become more risky when the price goes against someone's hopes.

Spot Trading on other hand is also risky but it evolves that ability for new customers to get advantage through buying when cost reduces and selling when costs become up. So in spot trading if users work with active mind can achieve goals but knowledge about the market is necessary.
Basically it means that knowledge and experience was necessary when trading and newbies shouldn't be partaking in both, besides they should learn their first experience on a trading demo account before they meddle in the risky volatile trading.

Future trading isn't for someone who's new to this market or doesn't have any necessary experience about trading. This is the easiest way for them to lose their bankroll which is more likely a food for the whales. So, I believe that future trading isn't really for everyone and it's fine if you are just a casual spot trader, risk management is necessary.

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February 20, 2023, 08:18:33 PM
 #73

To earn reasonable amount of profit via spot trading that means such a trader is trading with a huge amount of funds, however using a small fund for spot trading amount to earning little profits though I will recommend spot trading for a newbie to have a feel of live trading funded with little fund because of the high risk involved in crypto trading, meanwhile after profit making is consistent such a trader must have gained some experience thereafter divert to future trading but with a reasonable leverage because trading with a high leverage will result to instant liquidation once a trade goes wrong this is the main risk of future trading though high profit is guaranteed.

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February 20, 2023, 09:07:00 PM
 #74

Trading is a serious task and it needs more market understanding and we can't just rely on luck like gambling. Hard work and constant learning should be made in order to increase our level of trade and improves the results of our trading. Of course, being a pro-trader is somewhat like to reach but this is impossible if we lack of courage and motivation, and most of all, if are not seriously dealing with this job to work well. We don't need to rush, we don't have to understand it instantly because it can happen gradually as long as we never stop trading and gaining more ideas from day-to-day experience.

Yeah, this is where getting your emotions under control comes in. If you can't fight your own desire and greed, then you can't overcome the urge to buy and sell at the wrong time. Even if you learn all the hard part, it will be no good when it comes to making the right decision when to enter the market and exit it. Courage and motivation is the right push in order to take the first step, but it would be no good if you can't control your own greed and fear. And also trading continuously will make thing hard if you are just making loses. One should learn to give it a break and focus of their mistakes to improve what they lack.
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February 22, 2023, 01:43:24 PM
 #75

Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading...

One thing can definitely be said that margin trading is prohibited for a beginner. So until a beginner gains the necessary knowledge and experience, he cannot switch to futures trading, otherwise he will lose his money. But in any case, you need to remember that spot trading is safer for both beginners and experienced traders.

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February 22, 2023, 05:54:47 PM
 #76

Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
Spot trading is good with low risks but do not have nice profits we can depend on since the risk is so minimal compared to future trading. It is very good for newbie traders to kickstart there trading from there. Spot trading is like a regular pattern of buying and holding our tokens and waiting for when it will appreciate before we sell them. This kind of trading is very dull for my liking that is why I do prefer going for future trading when I have a sure signal or after I have analyse the market and see the possible direction of the crypto market with a moderate profit to risk ratio.

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February 22, 2023, 07:29:58 PM
 #77

To earn reasonable amount of profit via spot trading that means such a trader is trading with a huge amount of funds, however using a small fund for spot trading amount to earning little profits though I will recommend spot trading for a newbie to have a feel of live trading funded with little fund because of the high risk involved in crypto trading, meanwhile after profit making is consistent such a trader must have gained some experience thereafter divert to future trading but with a reasonable leverage because trading with a high leverage will result to instant liquidation once a trade goes wrong this is the main risk of future trading though high profit is guaranteed.
Yo, let me tell you somethin, the whole "high risk, high reward" thing is legit AF in the trading world, especially with crypto, which can be more volatile than a teenager mood swings. Now, I ain't no pro, but I learned that startin with a small fund in spot tradin can be a good way to dip your toes and learn about the market's ins and outs without loosing all your cash money. But if yur tryin to hit it big, future trading is where its at, my dude. Just be careful with that leverage, tho, 'cause it can be like playin with fire. I still remember the time I got liquidated 'cause I was bein too greedy and using too much leverage. Shit was not cash money, lemme tell ya. But you live and you learn, right? Gotta have some risk management skills if you wanna make

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February 22, 2023, 07:33:40 PM
 #78

Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.
Spot trading is good with low risks but do not have nice profits we can depend on since the risk is so minimal compared to future trading. It is very good for newbie traders to kickstart there trading from there. Spot trading is like a regular pattern of buying and holding our tokens and waiting for when it will appreciate before we sell them. This kind of trading is very dull for my liking that is why I do prefer going for future trading when I have a sure signal or after I have analyse the market and see the possible direction of the crypto market with a moderate profit to risk ratio.

Its not that it doesnt have nice profits because it would be always basing up on your lot size position or your orders which even some simple swing could really be still significant.Yes, it might not be the same with

futures but it is better and less risky and you would be able to avoid on being liquidated since you could hold up your position and thats the beauty of spot but if you do really like something which is more risky and more rewarding then futures is really the thing you are looking for.Its not recommendable for noobs out there who would tend to touch up this area, this isnt something that you could really easily be able to handle out considering the leverage then you could easily be fucked up if the price would move on huge swings which isnt shocking to happen on this market.

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February 22, 2023, 07:40:42 PM
 #79

Between future and spot trading which will you opt in for. For me i think it is better to start with spot trading gradually observe how the market respond over time before moving into future trading. Both are indeed volatile and risky but i think spot which involves immediate buying and holding until price goes up to sell at a profit is more easier to start than making prediction on a price to either go up or come down on a later date.

Spot can be a nice start for newbies from what i have seen from the market so far. Since it only entails buying and holding until the asset appreciates just that it will only require patience since little or no technical skill is needed although with technical skill the trader can have more advantage over the market.

future trading is a suckers bet. You will always lose because the market will always be manipulated into scaring you or liquidating you. There are a lot of laws against this kind of manipulation but secretly, every market does it. Stay away from derivatives, especially leveraged trading!

Spot trading really is the best and only option. Of course making profits is not as exciting but then again if you wanted high profits in a short amount of time you might as well go gamble. You would definitely have better luck at the blackjack table than you would with futures trading.

But to each their own. I am just giving advice as a veteran with over a decade of experience. Take my advice as you will.

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February 22, 2023, 08:33:33 PM
 #80

Future trading isn't for someone who's new to this market or doesn't have any necessary experience about trading. This is the easiest way for them to lose their bankroll which is more likely a food for the whales. So, I believe that future trading isn't really for everyone and it's fine if you are just a casual spot trader, risk management is necessary.
But with the trend that newbies see in the market, they think that they're at their best in the futures trading. An attempt is a good try and that's what they do.

While for some other newbies, they're attempting to do it but they're also betting with almost all that they've got which is a wrong approach to futures trading.

Good for them to experience it and that will make them known what's best for them, if it's the spot or futures. Me, I choose spot.  Cool

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