A nob in trading needs help

[cydrix]

There is a misconception that trading can lead to instant profits, but the truth is that without a genuine interest in learning, even with a large capital, reaching our profit objectives is unlikely. Predictions in trading are not always reliable, and the challenge lies in navigating market volatility and managing our emotions during fluctuations. Successful trading requires discipline, which demands courage and determination. It is important to avoid rushing and instead prioritize gaining knowledge before engaging in trading activities. Building a strong foundation of understanding is key to long-term success in trading.

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1714495571

[MFahad]

if you want to keep earning in crypto even if you don't trade I think you should try staking it's better because staking when the market is negative is the best way to keep earning instead of having to invest risky because the market is so volatile. i have tried it, for safe staking you can go to binance, it cost big for bigger profit but its ok as long as we have it.

I think that rather to involved in staking one should put some money in Bitcoin and instead of consider it risky one can also wait for the best because bitcoin can never disappear from a successful destination therefore it will be profitable if someone wait for the appropriate timing. It doesn't means that investment is risky but staking is not because staking posses its own percentage of risk and there is nothing which provides you profit without any risk so its Important to accept the profit with risk and try to learn those tips which is necessary to overcome the risk.

[Russlenat]

What's more, those who have no experience in trading or investing in crypto need to learn more about it,
trading bots are also not always profitable and I think many avoid using them,
Of course, everyone has their own decision.

Trading bots could be useful if you know how to trade yourself, but if you have no idea how to trade yourself, then bots can't help you with it. Think about it this way, I mean we are talking about a situation where it is going to be just a bot, that does what you tell it to do, and you have no idea how to trade and you are going to end up telling it to do the right thing somehow? We all know that's not going to be the case, we all know that it is going to end up being a lot less profitable than that.

So, the best thing to do in this case is to make sure that we are not dealing with anything that would be similar like that, just focus on learning how to trade yourself. After you make profits by yourself, you could start considering getting a bot as well.

Trading bots can be profitable but know that they are expensive too that’s why beginner traders should never rely on that. Instead, learn on your own by acquiring adequate knowledge and skills that will be vital to trading. Trading is hard and risky, that’s why one should never be confident relying on trading bots alone. Though it’s good if you are already making significant profits in trading, but if you want to maximize your knowledge and hone your skills as well, trading all by yourself is always the best key.

[Bushdark]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

This is where learning is very important when you want to acquire knowledge. Doing research and asking questions is a way for us to get more skills and understanding about what we are aspiring for. There is need for us to get understanding in crypto so that we pass the knowledge to people around us.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

  The major reason why people are so attached to trading is to make profits and nothing more. The skills we have in trading will determine whether we are going to make profits or not. There are people that are making profits during market speculations and it all depends on how the market is moving. If you are lucky enough that the market falls along your trade then you are going to market profits except the contrary happens.

[Distinctin]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Beginners can use the demo account to familiarize themselves with all the basics of trading and the market. But I advise you not to overdo it, I mean, once you know the basics, then you should use yourself a real account with a minimum capital to start. If you use a demo account for a long time, you will not learn anything because when you know it is an account without real money, it will easily create bad habits for you. Using a demo account, we will not be afraid of losing money, but with a real account it is the opposite, so newbies using a demo account a lot will be counterproductive.

Demo accounts are only helpful if your intention is to make you aware on how trading works. But if your aim is to attract profitability and make a passive income, it could be possible but the risk is very high. You cannot expect for trading to be a source of passive income since everything in it is uncertain and unpredictable. And even if you are making good profits at it,  still you have to keep on learning and improve your experience that’s why you have to perform and keep moving forward to stay being productive.

[LUCKMCFLY]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

You are right, but demo accounts are quite limited for some people, that is , they don't like to trade with demo accounts because they consider it a waste of time, but the real reason why it is good to have a demo account is to verify everything. of the exchange and so do not make mistakes when you have to do a real account , this is very Delicate, some think and underestimate those who trade with demo accounts, and what they Learn is very good, it is also always reasonable to do things with more Precision because here what is lost is money, and that does Hurt.

[GxSTxV]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

I will give you the shortest answer from my experience since this topic is complex and touches various perspectives including market manipulations. Trading is not easy and if you have heard of someone getting rich through trading without any experience that’s a pure gambling.

Based on my humble experience earning a good amount of money through trading requires a significant initial capital before starting to manage your risk, Safe and sustainable trading typically brings monthly profits of around 5%-8% of your capital, with the possibility of having lost months sometimes which is normal. So yes it is possible to generate passive income through trading, but it requires following specific rules, gaining experience, and practicing patience.

[Games.Bitcoin]

As a new trader, it's essential to understand some key principles to navigate the world of trading successfully. First and foremost, take the time to educate yourself about the basics of trading, including different strategies, risk management, and market analysis. Start small and gradually increase your positions as you gain experience and confidence. Remember that trading involves risks, and it's crucial to set realistic expectations and not be driven solely by emotions. Develop a trading plan, stick to it, and always practice discipline. Lastly, be patient and persistent, as trading is a continuous learning process. Seek guidance from reputable sources, join trading communities, and never stop expanding your knowledge and skills.

[Timmzzy]

trading bitcoin and other assets are not difficult to understand, thats if you really want to have the knowledge, i was once like you back 2018, when i see people make tons of money online i get wow and so asked my self when will i get to this stage what i did, i went into findings study more watch lots of YT videos just to have a basic knowledge of how to buy and sell. but the REAL TRUTH here is trading and investment is for SMART PEOPLE who already understood the RISK involved and not to panic. so if you want to be in that league get to WORK study more and ask less, also try DEMO accounts for practical.

[dunfida]

I would advise you to spend more time on a demo account. As for me, it is this method that allows the trader to try his hand in conditions close to real. It is due to this that you can get a good result.

Beginners can use the demo account to familiarize themselves with all the basics of trading and the market. But I advise you not to overdo it, I mean, once you know the basics, then you should use yourself a real account with a minimum capital to start. If you use a demo account for a long time, you will not learn anything because when you know it is an account without real money, it will easily create bad habits for you. Using a demo account, we will not be afraid of losing money, but with a real account it is the opposite, so newbies using a demo account a lot will be counterproductive.

Demo accounts are only helpful if your intention is to make you aware on how trading works. But if your aim is to attract profitability and make a passive income, it could be possible but the risk is very high. You cannot expect for trading to be a source of passive income since everything in it is uncertain and unpredictable. And even if you are making good profits at it,  still you have to keep on learning and improve your experience that’s why you have to perform and keep moving forward to stay being productive.

When it comes on trying out to familiarize on what are those terminologies and platform tools and its usage then demo trading is something that it is really that useful on which you would really be making yourself getting

familiarized on how things should really be done and how things should really be handled out but the con's on focusing too much in demo is that you would really be missing out that emotional enhancement because we know that once we are dealing with demo trades then you cant lose money which means that emotion is really that absent or cant really be something be felt since there's no risks involved.
This is why on the time that you would really be making out some familiarization on demos then its better to directly deal up with real trading but of course since you are still
a newbie then you should really know about that risks management which it is really that something that you would really be needing to to mind on.

[nur rochid]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

I will give you the shortest answer from my experience since this topic is complex and touches various perspectives including market manipulations. Trading is not easy and if you have heard of someone getting rich through trading without any experience that’s a pure gambling.

Based on my humble experience earning a good amount of money through trading requires a significant initial capital before starting to manage your risk, Safe and sustainable trading typically brings monthly profits of around 5%-8% of your capital, with the possibility of having lost months sometimes which is normal. So yes it is possible to generate passive income through trading, but it requires following specific rules, gaining experience, and practicing patience.

a person with minimal experience in trading but he gets big profits, I think he is lucky in his gambling, but for trading in the long term I think luck will not come continuously. therefore learning from the beginning I think it will be better for the future of our trading.
and one more thing there are many incidents around me, in fact many people use small capital but want big returns of up to hundreds of percent, they are proud if they can achieve it in the near term, but many of them don't last long, because trading must have logical portfolio

[bettercrypto]

It is true what you know and read here in the forum, Bitcoin and cryptocurrency have associated risks and that is because of the volatility that it has.

       Now, to your question about trading, you can actually get profit here if you have a deep knowledge of crypto trading because that will be your advantage here as a trader. Because if you only have a little knowledge, it will be a bit difficult for you to get a profit here every day in my opinion.

[TelolettOm]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Gaining profits through Bitcoin is possible but no guarantee that you always get profits every time you trade Bitcoin. If you only look for additional or side income, trading Bitcoin is no problem. It is quite safe to buy Bitcoin during this red market since it is likely growing toward the upcoming BTC halving (bullrun). But you must understand that not every day or not every week Bitcoin price is increasing, there should be some drops/dumps and sideways as well. So, you must be prepared if the price of Bitcoin drops immediately and you failed to get income. However, you just need to hold the Bitcoin and wait for the next pump whenever you experience it.

In conclusion, it can't be an option if you expect a regular income. Bitcoin trading or altcoin trading is more appropriate for side/additional income.

[Alisha-k]

To gain profits with Bitcoin isn't a difficult thing, it's very possible, the issue is on the consistency of always making profits, you have to work yourself into personal discoveries of how Bitcoin works because, most the things you'll get to read here may end up confusing you the more.

[noorman0]

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Yep, they are profitable by taking advantage of this speculation but on the other hand traders have to take the risk with all the money involved. There are 2 risks you can take depending on the type of trade:
- In the spot market, you bet time until your entry is profitable (according to the popular belief that 1 bitcoin = 1 bitcoin forever)
- In the futures market you bet money, you can increase the volatility according to the leverage set on your entry, which also means you shorten your trading term (can even be liquidated in seconds).

[gabbie2010]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Truly you might seen some profitable records of some crypto traders online which has prompted you to delve into crypto trading of course crypto trading is profitable however it takes lot of time and effort to learn and gain experience, therefore you might start trading by receiving signals from paid service or you can as well learn how to trade with resources available on the internet this path is best bet unfortunately it's a lot of experience in becoming a consistent in profit earning therefore it's up to you decide which of route to pick interest in paid signal providers or self taught trader.

[Lida93]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

Learning about cryptocurrency trading never ends, as the more we learn the newer experiences we gain to apply to as more suitable strategy to assist in depleting risk to the barest minimum in our trades because trading is of a truth not an easy task so don't be full of yourself thinking you have read many enough there's still much more to discover.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Market speculations just as the letters implies are mere opinions of other traders based on their perspective or lens about the market.  Wether you chose to trading on bitcoin or alts you're expected to do you're own market analysis about the very coin before delving into any trade and not rely on speculations from other traders as some of them are bunch of opinions from paid promoters alike, so therefore you could be losing your money even before trading stead of profiting.

[GeorgeJohn]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

there's something that I want you to understand for cryptocurrency trading because not everyone who have the knowledge of cryptocurrency trading always be successful in terms of trading of Bitcoin, trading can be everywhere but it is not everyone who trade Bitcoin become successful because of the ability to understand the strategies all the measures that is being applicable or applied for bitcoin trading, many people has left the Bitcoin because of the disadvantages they obtain during the time of bitcoin  trading and the different kind of investment in Bitcoin, so it's obvious that you have to learn and comprehend the strategic way of trading before venturing into it.

[AmoreJaz]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

there's something that I want you to understand for cryptocurrency trading because not everyone who have the knowledge of cryptocurrency trading always be successful in terms of trading of Bitcoin, trading can be everywhere but it is not everyone who trade Bitcoin become successful because of the ability to understand the strategies all the measures that is being applicable or applied for bitcoin trading, many people has left the Bitcoin because of the disadvantages they obtain during the time of bitcoin  trading and the different kind of investment in Bitcoin, so it's obvious that you have to learn and comprehend the strategic way of trading before venturing into it.

many newcomers are in a rush because of the thought of getting those high profits. however, they will soon find out that getting into this market is easy, but the work in trading is not a walk in the park. you need to learn the ropes to understand how you can get profits from your trading.
you may have known how bitcoin is, its pros and cons, but the trading is different. start small so you would know how to execute a trade in crypto.

[freedomgo]

At this level, I am well informed about Bitcoin and its securities, I have read on the forum how Bitcoin and cryptocurrency trading has changed people's lives, and I am kind of interested in acquiring skills, I have read in many other threads on how risky Bitcoin trading is.

But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.

Trading is hard and risky that’s why it’s hard to expect that you can make a passive income out from it. Though at some point, trading will give exceptional profits but only for those who have high experiences in trading and those who are already well-skilled and have developed their best strategies in trading that make their trades very worthwhile. However, since you’re still a beginner, do not expect for profits but expect for more losses instead. That’s the reality in trading, you will never grow your income if you are not skilled traders in the first place.