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Author Topic: Trading not for everyone!  (Read 2978 times)
letteredhub (OP)
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August 24, 2023, 09:12:28 PM
 #1

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

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August 24, 2023, 09:27:28 PM
 #2

It's certainly not for everyone. I had attempted it back in 2017 or 2018 and wasn't too successful, if I'm honest, and gave up, and it was completely my fault because I put in no effort whatsoever, while I had no experience back then and fortunately, only suffered minor losses. After I started getting involved with cryptocurrencies in early 2021, I decided to involve myself again after spending some time on the forum. I aimed for at least 8% to 10% profit on each trade, and I'd conduct 2 to 3 trades per week, depending on the market situation, of course. I was far from being ready to trade on a daily basis; sometimes I'd hold for a few hours, other times for a day or two, and sometimes even more, as times were much more volatile back then.

It was honestly a fun and interesting experience; however, it's extremely nerve-racking and stressful. As an anxious person myself, I wouldn't be able to keep up for long because it would start affecting my mental health and free personal time. So yes, trading isn't something everyone can handle; thus, I decided to keep holding my Bitcoin until I'm satisfied with the results.

R


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August 24, 2023, 09:31:43 PM
 #3

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Right on, trading isn't for everyone but everyone can be an investor and a holder. There's the track for those that are frustrated with trading and that's why you don't have to quit the entire market just because it's not working for you. Those that have experienced and thought that trading is the only way to go have already seen that they've got no future with that. But there's nothing wrong in trying as long as you can afford to lose the money that you're putting there as your capital. While in holding and following the strategies like DCA, you'll just have to endure the painful market for a while and will see how effective it is in the long run. We've been there and done that and that's why it's a good and perfect strategy for those folks that don't like to see themselves lose with their trades. In short, you'll still have to trade but that's only the time you'll do when you're going to buy and take profits.

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August 24, 2023, 09:54:03 PM
 #4

Absolutely. Trading is not for everyone since not all of us are capable enough to make it work in trading. Some are just trading for losses, so why bother to trade when your knowledge and skills are not sufficient enough to make trading work. Sometimes, it’s better to stay in a less-risk activity because at least you can maintain its profitability, than to jump in high risk trading and all you gain are failures and losses in the end. Trading is a battle of mind and experience, so only trade if you think you’re already capable enough.

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August 24, 2023, 10:38:50 PM
 #5

well thats the thing with trading, you gonna need to literally go against the whales, even using technical analysis sometimes it just doesn't work after all even the whales also know the technical analysis.
I'd definitely always recommend to just hold, becoming an investor seem like good idea, after all there's always opportunity that gonna arises in the meantime we are holding our investments.
accumulating when the price of some certain coins is getting massively corrected almost always turns out to be such very good decision that when the coin is having the slightest recovery we are already
making some good profits.
by doing DCA we are already ready to welcome the next bullrun and flip some massive money and get some good profit out of it.

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August 24, 2023, 10:47:04 PM
 #6

Absolutely. Trading is not for everyone since not all of us are capable enough to make it work in trading. Some are just trading for losses, so why bother to trade when your knowledge and skills are not sufficient enough to make trading work. Sometimes, it’s better to stay in a less-risk activity because at least you can maintain its profitability, than to jump in high risk trading and all you gain are failures and losses in the end. Trading is a battle of mind and experience, so only trade if you think you’re already capable enough.
^ It is because not everyone has these requirements which require a combination of knowledge, skills, experience, and emotional control. Without a thorough understanding of market dynamics, technical and fundamental analysis, and risk management strategies, the potential for losses can indeed be high. Engaging in trading without the necessary preparation and competence can lead to unnecessary losses and frustration. Because for me, trading is not guaranteed us as always success it demands continuous learning and adapting to changing market conditions. So if you will win, someone loses.
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August 24, 2023, 11:09:00 PM
 #7

so why bother to trade when your knowledge and skills are not sufficient enough to make trading work.
It's because newbie traders mind tells trading is the way to get out of a poor life. Their mind is full positivity, and positive emotions where even they don't have enough knowledge in trading they think that it's easy. It's also what mostly mentors taught that you will be rich in trading, and that's what I also taught before. Realistically, it's possible to happen but if you only have a small amount of funds it's difficult to be in that place because you're not always win in trading,  there's no always a good setup in the market, and sometimes you experience a couple of loses. And that's what I see in trading that make our dreams to hold but we have to pursue trading especially if we are profitable because you will only fail if you quit.

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August 24, 2023, 11:39:49 PM
 #8

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Some Old traders in cryptocurrency are not still interested in trading, they stick to their buying and Hodling of bitcoins as a way to accumulate bitcoins and  are not interested in trading because they know and understand the risk involved and are not willing to try, or have tried and have given way. New traders need to understand that it is a lie that they have believed about trading that it is as pleasant always as they think. There are still very terrible moments that traders experience.

You can get poor from trading.

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August 25, 2023, 04:30:12 AM
 #9

It is for those people that have perseverance and patience that is a must for me in trading because you'll have ups and downs like the candles in your journey learning in trading, and mostly those not patient enough will quit along the way because they tend to want to take a shortcut and earn over night. Also, this means that trading is a skill that is obtained by a person, and without it, it is not for you, and you can't earn a penny from it unless you learn it from scratch.
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August 25, 2023, 05:56:20 AM
 #10

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
The hype of the trader makes the beginner think about an easy money in trading and yes this is not for everyone especially to those who are not spending their time on learning how to trade and fully depend on any signal or group.

In trading, only those who have the right emotion and knowledge will succeed, retail traders will suffer because of this issue. Trading is very stressful, and this is not always about taking profit. If you are inspiring trader, make sure not to skip the learning process.

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August 25, 2023, 07:18:22 AM
 #11

Quote
Re: Trading not for everyone!
Don't say it in front of my face already.  Cry Cheesy Cheesy

I tried trading, and then failed. Stopped for at least 2-3 months, saved some money then do trading again. Same result. Did the cycle at least 3 times, and after that I didn't trade anymore. Currently, I stopped trading already, but will I try trading again in the future? Yes I will, and will lose again. Cheesy Kidding aside, I will try trading again in the future for sure.

Trading really isn't for everyone especially for those who are BI-POLAR who change their mood very easily. Trading isn't for those impatient people as well. Trading isn't for those who can't control their emotions as well (like me). Trading isn't for those investors who are thinking way ahead to the point that they want to get X amount of dollars in a short amount of time where in fact, they can't get it. Trading is only for people who has self-control, patience, have knowledge in trading, and for those who are ready to lose money. Cheesy

Kidding aside, I always like to go the safer route which is DCA. Trading can give you more profits in a shorter amount of time, but at the same time, you can lose money doing trading in a shorter amount of time compare to just doing DCA that it takes a long time, but it's safer. Smiley For those who like who tried, and failed multiple times already, come to your senses, and decide whether you still want to do trading or not.

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August 25, 2023, 09:31:50 AM
 #12

That's why I don't trade anymore, I just accumulate and do DCA and so far so good for me, slowly accumulating but at the same time I'm not stressed out whether I opened the wrong position or not and whether I will be losing a lot or not. Definitely, trading isn't for everyone, that's why it's important to have some instropection before going for something like trading, if you do so, you save yourself from hassle and stress of continuously losing in trading.



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August 25, 2023, 10:55:06 AM
 #13


In trading, only those who have the right emotion and knowledge will succeed, retail traders will suffer because of this issue. Trading is very stressful, and this is not always about taking profit. If you are inspiring trader, make sure not to skip the learning process.

I realize that in trading, no matter how good your technique or strategy is you have to use the stop loss strategy alongside incase their is volatility and it is only traders who have seen this experience often times that will keep to it. If you don't apply the stop loss, you may be succeeding until a certain time that it will backfire on you and you go back to zero level. If you don't have the right emotion, you won't have that sound discipline to trade with stop loss even if you reduce your leverage.
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August 25, 2023, 11:05:48 AM
 #14

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

There’s an exception to this. There’s some time that following crowd will make you profitable on trading and this is when upyou enter on a crypto investment that is just starting to create a trend just like Bitcoin when it’s newly listed to the crypto exchange. You will earn a lot if you follow those who believe on the future of Bitcoin that time.

But most of the time, Following the crowd on shitcoin investment is really bad idea because it’s a short term investment that typically investors come and go to the project when there’s no hype already.

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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
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August 25, 2023, 11:41:09 AM
 #15

Day trading or short term trading is not for me at-least and there are much success stories. Even experienced day trader finds it hard to tackle Bitcoin and incur heavy loses. Its always best to invest in Bitcoin for long term since thats the most reliable way to invest in any trading market. Day trading can give you profit occasionally but in the long run you are deemed to lose.

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.airbet.
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bitLeap
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August 25, 2023, 12:26:11 PM
 #16

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

There’s an exception to this. There’s some time that following crowd will make you profitable on trading and this is when upyou enter on a crypto investment that is just starting to create a trend just like Bitcoin when it’s newly listed to the crypto exchange. You will earn a lot if you follow those who believe on the future of Bitcoin that time.

But most of the time, Following the crowd on shitcoin investment is really bad idea because it’s a short term investment that typically investors come and go to the project when there’s no hype already.
Don't follow people and swallow them whole, I agree with you there are exceptions here.
You said good points about bitcoin and also good points when talking about shitcoin. In bitcoin I think in the beginning we also followed others, it's just that the difference is that when we followed others and we looked for reasons why we decided to follow them, and after we found the answer we (me personally) did it until now. It's different when talking about shitcoin, I see most people who fall into it are people who don't want to be left behind (FOMO), and that's a bad thing. More worryingly, sometimes people who already understand are also trapped in it.

.
Duelbits
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August 25, 2023, 12:48:40 PM
 #17

Beginners who don't have enough knowledge and experience can still learn to trade if they want to try it. But if not, they can choose to become a crypto investor and it doesn't take much to learn.

Trading is for everyone, but it depends on how willing they are to learn to trade more to have better analytical skills. However, only a few people are willing to take the time to learn more about trading because many of them rely only on signals from other people.

If you want to trade, you must have analytical skills. If you want to be an investor, you must learn when to buy and hold it. If you want to be both, you have to learn more. It's that easy but getting there takes time and many people cannot do it. So the choice will come back to you.

.
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August 25, 2023, 12:56:32 PM
 #18

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

You don't have to rely totally on what people say, when you develop interest in trading and you learned it, acquired the knowledge and skills needed, you could have better chances of getting results far better than others are having because you know what you're doing and you're not following the crowd, but made a decision to offer something different from what others are giving, this is one of the ways we can stand out amidst the crowd if we pursue after excellence, we can decieve others but we cannot deceive ourselves, if you're good in trading it will show in the kind of results you will seing.



.
.BIG WINNER!.
[15.00000000 BTC]


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August 25, 2023, 01:09:57 PM
 #19

Day trading or short term trading is not for me at-least and there are much success stories. Even experienced day trader finds it hard to tackle Bitcoin and incur heavy loses. Its always best to invest in Bitcoin for long term since thats the most reliable way to invest in any trading market. Day trading can give you profit occasionally but in the long run you are deemed to lose.

Yes, but indeed all traders have their own way of trading, maybe you are a trader who likes fundamental analysis and there are also some of them who like technical analysis in doing so. But, all back down, they have their own ways and of course they also have their own ways of balancing the level of risk and profit, there are no restrictions on choosing both of them here. It is true that someone who is experienced does not mean that they can fully benefit, but they can also experience losses. What's more, Bitcoin is volatile, every time the price will always change and that means it is indeed very difficult to predict where the next price will move.
But besides that, we can still have a chance to survive by using several factors of self-control in our trading and also maybe with definite plans and targets, it will be able to balance everything there, especially to minimize losses.

.
.DuelbitsSPORTS.
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August 25, 2023, 01:18:58 PM
 #20

90% of traders are lose, it means only small percentage are actually making money through trading.

I think we can say someone is a trader when he use top cryptocurrency where the price is relatively stable than shitcoins, I'd say buy and sell shitcoins is classified as gambling since there's a chance you would lose all of your money if the coin turn become scam and delisted from the exchange.

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August 25, 2023, 02:17:32 PM
 #21

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.



Trading is very risky and it is true that it is not for everyone, not everyone makes a profit from trading. But if being a newbie means that they do not have too much experience and knowledge, how can they know their trading ability? I mean they still have the right to try trading if they are really passionate about it. But there is one thing they need to know that at the beginning of a trade loss is inevitable and they should be prepared for it. If they are ready then they can start trading.

Even if you have experience investing in the market, when you start trading, you are also a newbie and you need to try it to know your capabilities. But don't think that it's too difficult, if others can't do it, you can't do it either.

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August 25, 2023, 03:37:28 PM
 #22

Trading is not for everyone but I do like that you are warning newbies about how rough the road will be when they start trading.
Those who had experienced loss in trading are the ones who will be warning people who are thinking about starting it too. But, there are times it gets tiring as more traders just keep on coming without reading anything first.
To my friends, I always recommend just using a small amount and try it manually. That way they will experience how difficult it will be to create profits. Even just 10 percent of their capital to make profits is not that easy.
Well, that way they will experience how harsh the trading environment is, and maybe that is the push they need to learn the lesson.

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August 25, 2023, 04:33:45 PM
 #23

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
I have to agree with these words, why do I have to say that, because I've done it before, hearing people make me disappear in crypto trading, so I followed my conscience to carry out trading activities in the crypto market and I did it with success, but I also did not escape from learning from experts, to hone my knowledge in crypto trading.

The bottom line: what we do, of course for ourselves, so other people are only a bridge of knowledge that must be owned by us, but those who do it right are ourselves in determining the direction of play for success.

Indeed crypto trading is not for everyone, but crypto trading can be done by everyone, with confidence, learning and knowledge everything can be done easily, no exception.

R


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August 25, 2023, 04:50:33 PM
 #24

No one learns trading from mother’s womb. Trading is a skill that you need to acquire. You will master in trading as the time passes or when you gain more experience. On the other hand if you make losses then it doesn’t mean you are really bad in trading. Just you need to gain more knowledge and skills and you need to practice and gain experience. I know many gave up in trading when they encounter big losses. But you would love the taste of profit, once you try the loss.

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August 25, 2023, 04:55:36 PM
 #25

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
we can follow the one who taught us the trade. not the one giving the signal. we have to distinguish it. now I'm not very active in trading, Collecting more Bitcoin in the current situation seems to be more profitable than draining our minds to do market analysis of the assets we are going to trade.

I once followed someone's advice to invest in a project. but the results were bad, and that made me no longer believe what other people said. even with trading signals that we often encounter.
trade on our own control.

.
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August 25, 2023, 05:44:19 PM
 #26

No one learns trading from mother’s womb. Trading is a skill that you need to acquire. You will master in trading as the time passes or when you gain more experience. On the other hand if you make losses then it doesn’t mean you are really bad in trading. Just you need to gain more knowledge and skills and you need to practice and gain experience. I know many gave up in trading when they encounter big losses. But you would love the taste of profit, once you try the loss.
And there is no trader who is immediately proficient without having knowledge, everything must start from 0. And I'm sure traders who are now an expert trader they also feel bitter at the beginning, or in other words they also learn from scratch and there is no way they started from number 50, or even from number 2.  And true experience will make them grow better.

Maybe those who can't understand quickly will take longer to become a profitable trader, but that doesn't mean they can't do it, it's just that the time they need is longer than people who can quickly understand everything needed in trading.

R


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August 25, 2023, 05:49:25 PM
 #27

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
we can follow the one who taught us the trade. not the one giving the signal. we have to distinguish it. now I'm not very active in trading, Collecting more Bitcoin in the current situation seems to be more profitable than draining our minds to do market analysis of the assets we are going to trade.

You can ask the one who taught some questions and information in trading but when you starting to trade, for sure he doesn't want to do some decisions for you. That's why he taught you so you could do it on your own. Cause you're money is at stake not his, and just imagine the burden to him when he gave you a wrong advice causes you to loss. If you have a friend who do trading, you could do group trading which I think is tolerable cause it's like brain storming for y'all to have a good call.

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Collecting more Bitcoin in the current situation seems to be more profitable than draining our minds to do market analysis of the assets we are going to trade.
If you think that's more suitable for you that's really fine. I find investing at Bitcoin more non-draining as well cause you won't need to overthink it's value cause Bitcoin has a potential for a long run so whatever the value is you could just simply hodl. I think this is not applicable to people who doesn't afford to hodl for a long term. That's why I think trading exist. It would just depends on our preferability where we could have our peace of mind in crypto.

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August 25, 2023, 06:17:18 PM
 #28

No one learns trading from mother’s womb. Trading is a skill that you need to acquire. You will master in trading as the time passes or when you gain more experience.

That's true, trading us what we learn from day one we get motivated for it, what people don't understand is that we need to start from somewhere, everyone knowing it today begins from somewhere, learn and keep learning because it's a continuous process, we should encourage others in seing the simplicity in learning how to trade in other to motivate them make the decision for learning it, though it may be demanding but has more advantage than it disadvantages.

On the other hand if you make losses then it doesn’t mean you are really bad in trading. Just you need to gain more knowledge and skills and you need to practice and gain experience. I know many gave up in trading when they encounter big losses. But you would love the taste of profit, once you try the loss.

Even the professional and standard trading organizations understand there's risk in trading and make use of risk management practices and yet still loose, but they can tell of their experience that they've got many advantages trading than they have suffered with losses.

R


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August 25, 2023, 06:43:46 PM
 #29

Trading might involve too much brain work for some and that's why it is being avoided or done occasionally for some only when they got the time or find themselves in the right opportunity to make profit.

For most of us, the best thing has always been to HoDL, inorder to accumulate for a one time cash out and investment in other projects that is of interest.

It is good everyone knows what works best for them in the long run, but how does one know what's best for them if they don't try trading, HODLing or DCA strategies of investment for a time in comparison?

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August 25, 2023, 06:58:56 PM
 #30

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

As everything in life is dedication, effort and development of talent...
If you don't try trading, how to discover that we are bad or good traders, ah?

Then! Someone with experience and talent knows that trading to survive as the main income is something every day and 24/7, there are no hours, so that it in itself leaves out a lot of people, although it is always possible to accommodate times using a bot etc.

No one should get out of trying, never, because he read a suggestion like the one in this title (OP), that is simply very generic and that actually applies to any venture, job, etc.

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August 25, 2023, 07:07:26 PM
 #31

well thats the thing with trading, you gonna need to literally go against the whales, even using technical analysis sometimes it just doesn't work after all even the whales also know the technical analysis.
I'd definitely always recommend to just hold, becoming an investor seem like good idea, after all there's always opportunity that gonna arises in the meantime we are holding our investments.

Are you sure going against the whales in the market is a good idea? Comparing the amount you're trading with to those of the whales I wonder which will drive the market direct, so it will be safe to always move in the direction of the whales as they're believed to be the mover and shakers of price action in the market.
About holding, it pains me that some of the newbies lack patient to hold in safety balanced with their incapacity in trading knowledge and experience but still go in testing the waters losing money they could have made profit with if held for long.

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August 25, 2023, 09:40:35 PM
 #32

Well, I could say that this has been discussed several times and I was sure that everyone is also aware of this and I could agree with that.
Despite the fact that trading is not for everyone, we all still have the chance to try it and see what will be the outcome as we can't say if this is for us until we never try. And this is because not all have the kind of mindset or behavior that fits the nature of the crypto market. In fact, even experienced traders outside crypto, never push themselves to do it because they are not comfortable as well. It is really matter on where are good at.

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August 25, 2023, 09:47:10 PM
 #33

That's right, trading is not everyone's cup of tea because many of my friends have burnt their entire capital by trading futures, worst was that they were doing it with higher leverages and they didn't even listen to me. Actually, one of my friends who was a newbie in crypto then, attempted to trade with a 100x leverage and made a big profit so he told others that all of them can also do the same, but I was aware of the risks and even asked them not to do what he's saying. But as you all know, when the shield of money is in front of someone's eyes, they're unable to see and understand the real truth. So they all did the same and lost their entire capital. So it's better to always listen to someone who is experienced in this field, and never try to be stubborn with these things.

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August 25, 2023, 09:56:44 PM
 #34

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Easy to say but when you are already on the situation on which you would really be that on the trading field then doing these things wont really be that easy as pie. Trading could really be involving that huge swings

in terms of emotions and mind boggling condition on which that even yourself couldnt really be able to understand on whats happening. Its true that trading isnt for everyone but doesnt mean that you would really be easily be giving up on the time that you would be able to experience some few mistakes or errors in regarding with your trading positioning. Its true that we could really be still having the option on holding our
position as long we arent that liquidated or simply being engaged with futures then you should really be fine with spot. There are really just that people who are really that a fan on taking with more risky movements
and decisions.

This is why its up to you whether you would really be going with this kind of career or not,just make it sure that you dont really make yourself in a rush condition because this isnt a sprint
but rather it would really be a marathon thing.

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August 25, 2023, 09:59:39 PM
 #35

Actually trading is for everyone. However, not everyone is able to do it. And if they force themselves to enter the world of crypto trading, they must have very good provisions. So, this provision and ability is something that sometimes not everyone has and is able to do, so maybe the OP said trading is not for everyone. because not just anyone wants to prepare it properly. This is not a problem for those who have to be educated or not educated in college. but this provision is in the form of knowledge related to crypto and also in-depth trading. Self-preparation by preparing sufficient knowledge, mental readiness, and also financial readiness to start trading must be interrelated. When we push ourselves too hard to start trading even though we have not been able to understand both knowledge, mental readiness and risk, as well as readiness for free money, it would be better if we don't even try to start trading. because it is high risk. We might even lose quickly.

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August 25, 2023, 10:11:21 PM
 #36

Trading is for anyone who has learned and understands the basics of it, not just for any kind of crypto newbie who thinks that they can make a quick profit with trading. Because the story of quick profit is what makes some people start trading with the hope of making a large amount of profit over a short period of time, they fail to realize the risk involved in trading. Even trading is not very profitable to most traders because the crypto market is always dynamic and no one can control the market movement, so anyone who is trying to venture into crypto trading should be very educated and fully aware of what they are going into; otherwise, it can just result in countless losses until they lose all they have invested.

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August 25, 2023, 11:09:47 PM
 #37

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

Not everyone will make money from trading and we have to understand that before we start trading, for traders to make profit another trader has to be losing therefore if we don't know how to trade or understand how trading works then we shouldn't be trading or we'll be helping another trader to make profits from our losses. You can make money from trading or investing or make money from both but we have to know what we're good at before starting any of them.

Many individuals thinks trading is the easiest way to make money from the cryptocurency market but that's a mthy as you'll lose more from trading than investing. Investing is the easiest way to make money from the market and you can invest in various ways including DCA.

R


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August 25, 2023, 11:10:37 PM
 #38

The best way to know if trading is for you or not is to try it. It is in trying it that you will learn whether you like it or not, whether you see yourself doing it for the long run or not. The advantage to this is that if you discover is something that you want to do, you can learn more about it, if not you can call it quits so that you don't loses your money.

For some persons, trading comes naturally to them while other struggle at it and rely only on copy trading and trading signals to trade which isn't trading at.

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SPIN

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Bushdark
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August 25, 2023, 11:44:04 PM
 #39

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

Not everyone will make money from trading and we have to understand that before we start trading, for traders to make profit another trader has to be losing therefore if we don't know how to trade or understand how trading works then we shouldn't be trading or we'll be helping another trader to make profits from our losses. You can make money from trading or investing or make money from both but we have to know what we're good at before starting any of them.

Many individuals thinks trading is the easiest way to make money from the cryptocurency market but that's a mthy as you'll lose more from trading than investing. Investing is the easiest way to make money from the market and you can invest in various ways including DCA.
Trading is not for everybody and we should not all have the intention that everyone who is a trader is going to make money form trading. Trading is a complicated skill tha lt needs continuous practice even when you are a pro trader, there is need to keep learning new things and strategy to become a great trader and tutor. Those who had been in the market for long can proudly say that trading is never easy.
 It is very difficult and if we don't find ways to get the complete skill, we can make money but we are going to be having so mere issues that will keep affecting our trading.









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.
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Stable090
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August 26, 2023, 12:35:04 AM
 #40

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold,
Trading is not for everyone, and any newbie that really wants to trade can do that. It's just a gradual process, you have to be ready to read and learn. If you are learning how to trade, I don’t think there is anyway it can be done without losing money, so you are planning to trade, then you should have the mindset of losing money at the beginning. Don't expect any profit immediately you start learning how to trade, so make sure you deposit just a little amount when you are practicing because you might end up losing all the money.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy
It’s better to have the mindset of losing when learning how to trade, that’s why we have to go into trading with just a small amount of money as beginners. Don't trade with everything you have because you might end up losing everything, trade with any amount you know it’s not going to affect you after losing it.

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Richkiedx
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August 26, 2023, 01:42:12 AM
 #41

 trading is not for everyone if they don't have knowledge in the trading industry it is important here and you must have discipline in trade so before you enter the trading industry study it first and create your demo account first to practice you can use real money when know how to trade
carlisle1
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Campaign Management?"Hhampuz" is the Man


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August 26, 2023, 02:26:51 AM
 #42

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

Not everyone will make money from trading and we have to understand that before we start trading, for traders to make profit another trader has to be losing therefore if we don't know how to trade or understand how trading works then we shouldn't be trading or we'll be helping another trader to make profits from our losses. You can make money from trading or investing or make money from both but we have to know what we're good at before starting any of them.

Many individuals thinks trading is the easiest way to make money from the cryptocurency market but that's a mthy as you'll lose more from trading than investing. Investing is the easiest way to make money from the market and you can invest in various ways including DCA.
Trading is not for everybody and we should not all have the intention that everyone who is a trader is going to make money form trading. Trading is a complicated skill tha lt needs continuous practice even when you are a pro trader, there is need to keep learning new things and strategy to become a great trader and tutor. Those who had been in the market for long can proudly say that trading is never easy.
 It is very difficult and if we don't find ways to get the complete skill, we can make money but we are going to be having so mere issues that will keep affecting our trading.

Good point, it's a continuous process and it will going to depend on how you adopt and learn from time to time, it's not
just like place your investment and wait for your profits.

More on how well you anticipate and how you will analyze and make things happened, there's a lot of factors that you need to consider
when you step inside this business.

Make sure you are all aware of what would be the consequences and the benefits.
worle1bm
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August 26, 2023, 05:23:47 AM
 #43

If you try to learn different marketing strategies then you will also get idea about entry and exit points from the market but yes there are good and bad trades from which you learn from your experience and get knowledge about it.But if we say about the main part then everyone isn't perfect in everything and it's also need some special skills like quick decision making your research and other things which will help you decide whether you can do it or not.

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GreatArkansas
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August 26, 2023, 05:35:44 AM
 #44

The best way to know if trading is for you or not is to try it. It is in trying it that you will learn whether you like it or not, whether you see yourself doing it for the long run or not. The advantage to this is that if you discover is something that you want to do, you can learn more about it, if not you can call it quits so that you don't loses your money.
(...)
But you can't get the answer only after a few trades when you start.
Trading for me is like a skill that you can learn and practice and become good at it.

Like you can't be good at something in just a short period of time. So for me, you need to first identify your goal why you want to trade and make sure you become consistent once you want to become a trader or once you decided to become.

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irhact
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August 26, 2023, 08:45:13 AM
 #45

Those who had been in the market for long can proudly say that trading is never easy.it is very difficult and if we don't find ways to get the complete skill, we can make money but we are going to be having so mere issues that will keep affecting our trading.

I know trading isn't easy but those who have been in the market for so long would fine it easier to trade and make profit then those that just joined the market recently. This is because those that have been in the market for so long would had gained experience and they'll use that experience when they're about opening a new trade. Experience makes a trader become a professional, we have different types of experience that you can use like personal experience and others experience.

There are so many individuals who are traders and they're making profits therefore if you want to learn how to trade and make profits like them you can do that by learning how to trade properly first. Trading is not for everyone but you can be among those that'll benefit from it.

R


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Fatunad
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August 28, 2023, 10:33:47 PM
 #46

Those who had been in the market for long can proudly say that trading is never easy.it is very difficult and if we don't find ways to get the complete skill, we can make money but we are going to be having so mere issues that will keep affecting our trading.

I know trading isn't easy but those who have been in the market for so long would fine it easier to trade and make profit then those that just joined the market recently. This is because those that have been in the market for so long would had gained experience and they'll use that experience when they're about opening a new trade. Experience makes a trader become a professional, we have different types of experience that you can use like personal experience and others experience.

There are so many individuals who are traders and they're making profits therefore if you want to learn how to trade and make profits like them you can do that by learning how to trade properly first. Trading is not for everyone but you can be among those that'll benefit from it.
There's always that significant difference in between to those who do have actual experience and awareness comparing into those people who had just recently be able to see and watched about this market. Trading isnt for everyone but doesnt mean that we should really be stopping ourselves on doing or learning it just because you have seen that you are really that not making or doing something well. WE know that there are people who do struggle at first and on the time that they do able to have that experience then they do gradually be able to adjust out and make themselves sustainable. Everyone would really be starting as a noob on which it is really just
that normal that you would really be able to experience those common newbie mistakes and impression on the start or on the time that you have decided to deal off with it. It is really just that a matter of interest and
passion if ever you are really that willing to learn about trading and time comes that you would really be able to have a good grasps on it. Come to think that those professionals and veterans are once newbies too and
with the test of time and having that tons of trial and error then they do able to make themselves more better.It is really just that a matter of time and on how you do learn up things along the way. This wont really be an easy and short path on which basing up with our initial impressions when we are still newbies.

R


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August 28, 2023, 11:02:16 PM
 #47

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

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..BUY/ SELL CRYPTO..
awik p
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August 29, 2023, 03:24:16 AM
 #48

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.
it is indeed the key that must be held, using spare cash which does not interfere with our needs for life will make us more relaxed in holding it. and before that we must also be aware of the risks, so there is no need to really hope that our money will multiply quickly, because thoughts like that sometimes often damage our common sense. if you are only ready to receive profits I don't think that should be done in the cryptocurrency world, because many people are disappointed in the end

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August 29, 2023, 04:00:11 AM
 #49

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.
The rule of thumb is always to invest what you can afford to lose because you are right, what if you lose it? Or mostly, the volatility of crypto is so high that you can really lose your money in just a matter of days, so always be defensive, like if ever you lose this money, what will happen to you and your life? If it is okay, then that is good. The problem right now is that when we see an opportunity, we tend to go all in because we are thinking that if this investing is a win, then for sure we will get a massive profit, which is again a bad move because we aren't defensive about what will happen if not, and we are not ready for it.
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August 29, 2023, 06:02:02 AM
 #50

First, I don't agree with the title of this topic because trading is for everyone, but not everyone is interested in trading, and if anyone is interested, it doesn't last long in the beginning. Others have an interest that comes with dedication, determination, and passion, so they make a profit from it and don't get rid of it because they know what they are passionate about.

So if you're going to enter the trading business industry, you should know what you're getting into. You're not going to do it because you just heard that there are people who are making money here or because you're just hyped because someone told you it's good; you should instead believe them right away. You yourself have the will to learn it, and the interest to learn it must come from you.

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August 29, 2023, 07:50:19 AM
 #51

Quote
Re: Trading not for everyone!
Don't say it in front of my face already.  Cry Cheesy Cheesy

I tried trading, and then failed. Stopped for at least 2-3 months, saved some money then do trading again. Same result. Did the cycle at least 3 times, and after that I didn't trade anymore. Currently, I stopped trading already, but will I try trading again in the future? Yes I will, and will lose again. Cheesy Kidding aside, I will try trading again in the future for sure.

Trading really isn't for everyone especially for those who are BI-POLAR who change their mood very easily. Trading isn't for those impatient people as well. Trading isn't for those who can't control their emotions as well (like me). Trading isn't for those investors who are thinking way ahead to the point that they want to get X amount of dollars in a short amount of time where in fact, they can't get it. Trading is only for people who have self-control, patience, and know about trading, and for those who are ready to lose money. Cheesy

Kidding aside, I always like to go the safer route which is DCA. Trading can give you more profits in a shorter amount of time, but at the same time, you can lose money doing trading in a shorter amount of time compared to just doing DCA which takes a long time, but it's safer. Smiley For those who like who tried, and failed multiple times already, come to your senses, and decide whether you still want to do trading or not.
Trading is more stressful than we think and you will pass the test of time before you succeed, from my observation and experience, most people who continue trading after their first 3, 6 months to 1 year in their trading journey are traders that do have that passion for trading, I saw hell trading as a beginner, blew several of my accounts back to back, even went broke at some point. However, I never give up because of the passion and the freedom that I saw in trading, but I thank God today that all those experiences have got me improved. The bottom line here is if you identify that trading isn't for you… Quite

R


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August 29, 2023, 08:53:05 AM
 #52

Absolutely. Trading is not for everyone since not all of us are capable enough to make it work in trading. Some are just trading for losses, so why bother to trade when your knowledge and skills are not sufficient enough to make trading work. Sometimes, it’s better to stay in a less-risk activity because at least you can maintain its profitability, than to jump in high risk trading and all you gain are failures and losses in the end. Trading is a battle of mind and experience, so only trade if you think you’re already capable enough.
Most time it is not even about the losses or profits that is associated with trading. Some people will be losing and their mental health will be affected seriously because of the emotions of trading. It is not an easy thing to see your money going down and you are not sure if you will make it again. It is a sort of finding money in such a way that your mind will not be at rest and you will not be mentally balanced. It is fine to buy and hold the coin for some time and you will make a good profit from it. Obviously trading is not for everyone and that is the reason I abandoned the idea of trading. I am now a hodler.

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August 29, 2023, 12:01:22 PM
 #53

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.
If you are in need of money, and you have no job and no source of income, then it is foolish to expect that trading will allow you to earn. You need to be prepared that trading will not generate income as soon as you start trading, and besides this, it takes some time to understand whether you can earn money in trading, or this activity is not for you.

Successful traders talk about how they enjoy trading, which means that you should only do what you like. If you don't like trading, or if you only want to do it for the sake of money, then you also need to understand that it may cause additional difficulties in achieving success in trading.

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August 29, 2023, 12:06:49 PM
 #54

Snip
it is indeed the key that must be held, using spare cash which does not interfere with our needs for life will make us more relaxed in holding it. and before that we must also be aware of the risks, so there is no need to really hope that our money will multiply quickly, because thoughts like that sometimes often damage our common sense. if you are only ready to receive profits I don't think that should be done in the cryptocurrency world, because many people are disappointed in the end

Yeah you are right there are some post I have came across here they said "all funds are important to them" meaning this sets of people can't spare any amount for investment and trading because to whatever that comes as results may quickly make them to start panicking so, true trading is not meant for everyone and they should know the area suitable for them to venture into.
Maybe physical business could help go along way whereby they don't lose their money at a go, due to the volatility level of cryptocurrency we should mind the kind and sets of people we should always try talking with because some of them may not bear the lost.

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August 29, 2023, 03:46:05 PM
 #55

~
I realize that in trading, no matter how good your technique or strategy is you have to use the stop loss strategy alongside incase their is volatility and it is only traders who have seen this experience often times that will keep to it.
This is because there's no perfect strategy for all three market types – uptrend, downtrend, and ranging. There are strategies that work well only during uptrend and downtrend but are woeful during ranging situation. If the market goes according to a trader's forecast, they aren't to fear it hitting their SL. You and I know there's no perfect market condition. We can predict A but the market says it's B. Again, it's very important to use SL because it gives traders that assurance they will still have a part of their capital intact, no matter what whenever the market goes against their prediction. Yes, we know there are big players and whales manipulations of the market and hunt for retail SLs, it's still better to have the stops than not have them.

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August 29, 2023, 04:43:54 PM
Merited by Lakai01 (1)
 #56

-snip-
Again, it's very important to use SL because it gives traders that assurance they will still have a part of their capital intact, no matter what whenever the market goes against their prediction. Yes, we know there are big players and whales manipulations of the market and hunt for retail SLs, it's still better to have the stops than not have them.
Indeed, it is very important to use Stop loss, it will protect capital from uncontrollable losses because the crypto market is very volatile and the predictions used will not be 100% correct. Therefore the use of SL is highly recommended.

By using stop loss, you can control how much risk is taken in each trade and can also adjust the level of stop loss based on your trading strategy and risk tolerance.

Stop loss also helps traders avoid large losses by automatically selling an asset when the price reaches a predetermined level.
This will help keep the capital intact and give the opportunity to look for other trading opportunities.

As a trader, you really need to have a lot of preparation and a well-thought-out strategy to avoid big losses, and trade management is also very important.



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August 29, 2023, 05:02:21 PM
 #57

-snip-
This will help keep the capital intact and give the opportunity to look for other trading opportunities.
I like your submission on that. That's the whole essence of SL by my rule. It's akin to he who fights and runs away lives to fight another day. What gets most traders into trouble is staying in bad trades and hoping the trades reverse in their direction. It's a bad strategy. In fact, it's not a strategy. Trades can float for months in loss without wiping one's capital off but won't give one the opportunity of taking another trade for the fear that one will be over trading. This is the same trade one can end in loss, take a breather and then trigger another trade and recover the loss in a day or within few days instead of allowing it float for weeks in hope it reverses. That's not trading at all. I learnt this the hard way.

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August 29, 2023, 05:28:08 PM
 #58

-snip-
As a trader, you really need to have a lot of preparation and a well-thought-out strategy to avoid big losses, and trade management is also very important.
In my opinion, what is almost more important is the ability to trade completely emotionless, i.e. not to be carried away by either winning streaks or losing streaks to make reckless bets.
This is also the reason why many newbies fail in trading: At some point, FOMO or loss fears take over and one makes serious and bad decisions such as "this trade just has to work out now" or "if this trade works out now I am no longer in the red". We all know the result ...



I personally enjoy reading definitions and articles on Investopia. There you can also find, for example, the following 10 rules for successful trading:


Source

Rule 6 "Risk Only What You Can Afford to Lose" matches the statement from @taufik123 very well. This applies not only to classical trading but also, for example, to staking via exchanges. There, too, you should only leave as many coins as you are willing to lose.

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August 29, 2023, 05:45:50 PM
 #59

Trading is fine for those who can risk money, who have enough money to trade, who have enough knowledge about the market, and those who lose money will not have any negative impact on their lives. Trading is not suitable for those people who are interested in trading by borrowing money. One thing we always hear when it comes to trading is to have enough patience as well as a tendency to lean. Good and bad times are very normal in the market so if we can't be patient in bad times then how can we wait for good things. Just as the market goes through bad times and the market goes from bad times to good times, only those who can persevere can ultimately profit. So I can never think like this that I have to do trading just by seeing other people trading and if there are sufficient qualities and financial support for trading then trading should be done.

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August 29, 2023, 06:10:47 PM
 #60

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

Everything is so expensive that spare money does not remains with everyone so it will be better to save some amount for the purpose of investment. The people in previous age was able to save some amount for purpose of emergency because at that time there was not such inflation but these days the expenses of daily uses was hardly accomplished so one cannot save much amount to keep as a spare amount.

Bitcoin can multiply your money but for it a person should be able to continue his efforts and patience until the exact time comes from which a profit can be achieved and other coins are worthy too but not all of them can proves to be good during bear market so step towards success requires knowledge and learning during such situations.









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August 29, 2023, 06:22:37 PM
 #61

I like your submission on that. That's the whole essence of SL by my rule. It's akin to he who fights and runs away lives to fight another day. What gets most traders into trouble is staying in bad trades and hoping the trades reverse in their direction. It's a bad strategy. In fact, it's not a strategy. Trades can float for months in loss without wiping one's capital off but won't give one the opportunity of taking another trade for the fear that one will be over trading. This is the same trade one can end in loss, take a breather and then trigger another trade and recover the loss in a day or within few days instead of allowing it float for weeks in hope it reverses. That's not trading at all. I learnt this the hard way.
It is likely that traders like this are resigned to the situation or even too hopeful that the market will soon rise again quickly.
If they hold Bitcoin there may be plenty of opportunities, but if they hold altcoins that don't have any development, it will be a different story.

Leaving it floating for weeks and continuing to hope that there would be a reversal not trading, he turned into a Holder who continued to hope that the market would soon rise and then sell at the initial purchase price.
Such people have problems with their psychology, so they do not stick to their original strategy.



In my opinion, what is almost more important is the ability to trade completely emotionless, i.e. not to be carried away by either winning streaks or losing streaks to make reckless bets.
This is also the reason why many newbies fail in trading: At some point, FOMO or loss fears take over and one makes serious and bad decisions such as "this trade just has to work out now" or "if this trade works out now I am no longer in the red". We all know the result ...
-snip-
But it is impossible to trade without emotions, everyone has emotions in any case, the difference is how big their emotions are and how much they can control them.
Because if the emotions are unstable, it will destroy the trading he does.

In the end, it will be easy to get caught up in FOMO and trade carelessly without any strategy.

Rule 6 "Risk Only What You Can Afford to Lose" matches the statement from @taufik123 very well. This applies not only to classical trading but also, for example, to staking via exchanges. There, too, you should only leave as many coins as you are willing to lose.
Always remember these words " Not Your Key Not Your Coin"

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August 29, 2023, 06:59:21 PM
 #62

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

Everything is so expensive that spare money does not remains with everyone so it will be better to save some amount for the purpose of investment. The people in previous age was able to save some amount for purpose of emergency because at that time there was not such inflation but these days the expenses of daily uses was hardly accomplished so one cannot save much amount to keep as a spare amount.

Bitcoin can multiply your money but for it a person should be able to continue his efforts and patience until the exact time comes from which a profit can be achieved and other coins are worthy too but not all of them can proves to be good during bear market so step towards success requires knowledge and learning during such situations.
If you do find yourself wasnt really be able to make out some savings just because your earnings arent really that sufficient then it would really be just that common sense on what are the things that we do next to do
for us to be able to save up which is on having that more income source and this is via whether having an another job or side investment or whatever business that you would really be able to make on because having that multiple income source would really be giving out the opportunity for you to save up or having the money specially on emergency purposes. On the time that you do consider out on touching up trading then
you should really be that wise on having that spending or allocating a budget on something which you arent that familiar. This is why its recommended that it would be always better on making use of the amount
which you can afford to lose.

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August 29, 2023, 07:26:29 PM
 #63

Just another piece of advice to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

This advice should be aimed not only to beginners, but also to the more general public for people interested in cryptocurrency. It is clear that a huge number of people who are interested in crypto do not earn a profit from trading; the majority of them always lose and only a few make a good profit. Those who have made good profits and become wealthy through cryptocurrency are the holders; they buy when the market is down and sell when the market is up.

Quote
There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

The bull market that has occurred in the past does not only work for those projects that are good. When BTC begins to rise, all altcoins usually follow suit, regardless of how small the increase is. There is always an upward movement in altcoins during a bull market.

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August 29, 2023, 08:13:48 PM
 #64

Trading needs needs skills and knowledge to be able to make profit in the market. If you lack these as a newbie, it is better that you stay away from trading until you have learnt the technical and fundamental analysis in trading and you should also know the risk management too.

It is better and easier to buy and hold bitcoin for a long term than trying to make profit with trading. There is a high possibility of loss than profit,that is why newbies should be careful with their decisions on going into trading.

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August 29, 2023, 09:59:24 PM
Last edit: August 29, 2023, 10:14:41 PM by kawetsriyanto
 #65

Trading needs needs skills and knowledge to be able to make profit in the market. If you lack these as a newbie, it is better that you stay away from trading until you have learnt the technical and fundamental analysis in trading and you should also know the risk management too.
Agree. It is a must to have sufficient knowledge and have good mentality before we decide to trade any crypto coins. Trading isn't as easy as people assume, it is quite complicated and has many challenges. Sure, it needs both technical and fundamental analysis, this is needed to determine when a trader to choose entry (buy) or exit (sell) time. A trader also need to understand the current trend in the crypto market. Without understanding these factors, it is difficult to trade properly.

It is better and easier to buy and hold bitcoin for a long term than trying to make profit with trading. There is a high possibility of loss than profit,that is why newbies should be careful with their decisions on going into trading.
Indeed. The most secure option for newbies is to invest in Bitcoin for a long term holding. They can buy Bitcoin during the bearish season and target to take profits in the bullrun season. However, it still requires good knowledge related to Bitcoin price history. So, they understand when the bearish and the bullish season to happen. Basically, both investment and trading require knowledge, newbies can't expect to earn profits without good understanding about them.


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August 29, 2023, 10:24:54 PM
 #66

-snip-
Agree. It is a must to have sufficient knowledge and have good mentality before we decide to trade any crypto coins. Trading isn't as easy as people assume, it is quite complicated and has many challenges. Sure, it needs both technical and fundamental analysis, this is needed to determine when a trader to choose entry (buy) or exit (sell) time. A trader also need to understand the current trend in the crypto market. Without understanding these factors, it is difficult to trade properly.
Some people find trading easy where they only need to buy low and sell high. But in reality it is not as easy as they think – especially without good knowledge.

Knowledge, experience and ability are some of the things that support the success or failure of a trader. They have to know enough about what coin they are choosing - they have to be experienced in dealing with the market - they also have to be able to do analysis. All of that is necessary and related to one another so that the trading plan goes according to plan.

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August 29, 2023, 10:34:42 PM
 #67

snip
Bitcoin can multiply your money but for it a person should be able to continue his efforts and patience until the exact time comes from which a profit can be achieved and other coins are worthy too but not all of them can proves to be good during bear market so step towards success requires knowledge and learning during such situations.
This is actually correct because having spare cash lose nowadays is very hard since no one wants to lose their cash and to every little one is very much important to them. Invest needs boldness anyone who aren't determined to start investing may never have that mindsets to release some of his funds to invest in something that they know of their future results or the outcome to be.. That is why investment and trading require deep knowledge to paddle through the journey otherwise I don't think if one could spare cash to invest or trade.

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WatChe
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August 30, 2023, 04:28:14 AM
 #68

This advice should be aimed not only to beginners, but also to the more general public for people interested in cryptocurrency. It is clear that a huge number of people who are interested in crypto do not earn a profit from trading; the majority of them always lose and only a few make a good profit. Those who have made good profits and become wealthy through cryptocurrency are the holders; they buy when the market is down and sell when the market is up.

Day trading or short term trading is not for everyone. It's a wild fire that even experienced traders find it hard to handle. You are right in saying that profit in the long run lies in HODLing and short term trading can only give you occasional benefit. I have tried day trading and quickly find out that I am not suitable for that and left that trading to avoid future loses. The more quickly you understand trading (short and day) and its prons/cons the better it is for your capital.

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August 30, 2023, 01:35:56 PM
 #69

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

Not only those altcoins poses the tendency to reduced by 99% but also bitcoin can do that as well. Bitcoin loses so much value during the bear market so if you're running from altcoins because of this you will also encounter it investing in only Bitcoin but what make the difference is the ability for Bitcoin to fall this much and still climb back up when the bull market starts but most altcoins can't do this due to them losing their hype in the market.

Many individuals are investing in altcoins because of the hype that the getting therefore when that hype is no more they lose investors and you shouldn't be left holding those types of project or you won't have anybody to sell to or sell at a lost price because of low market activity.

R


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August 30, 2023, 06:13:25 PM
 #70

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

Not only those altcoins poses the tendency to reduced by 99% but also bitcoin can do that as well. Bitcoin loses so much value during the bear market so if you're running from altcoins because of this you will also encounter it investing in only Bitcoin but what make the difference is the ability for Bitcoin to fall this much and still climb back up when the bull market starts but most altcoins can't do this due to them losing their hype in the market.

Many individuals are investing in altcoins because of the hype that the getting therefore when that hype is no more they lose investors and you shouldn't be left holding those types of project or you won't have anybody to sell to or sell at a lost price because of low market activity.

Yeah you are right though, but the risk in altcoin can't be compared with bitcoin since most of them doesn't come rise back as quickly as possible. Just as you had said earlier, most of those altcoin loses tremendously but aren't that energized to rise back as bitcoin that's why I myself do love holding bitcoin than altcoin. Yet there are some other altcoin you could hold and may not loose that much because they are already known to be the popular ones, apart from them holding none reputable coin are very risky especially the overhyped coin.

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August 30, 2023, 06:14:33 PM
 #71

But it is impossible to trade without emotions, everyone has emotions in any case, the difference is how big their emotions are and how much they can control them.
Because if the emotions are unstable, it will destroy the trading he does.
-snip-
There are several ways to keep emotions almost completely out of trading. The most proven ones in my opinion are:
  • Using trading bots to actually buy and sell the coins. You develop a trading strategy and hand it over to a bot for execution, also with a limited duration (e.g. for 5 days) to adjust the strategy only after this time. The bot trades completely emotionless and you yourself have significantly more effort to intervene in the execution of the strategy.
  • As simple as it sounds ... a successful way to negate emotions to a large extent is to set up a plan and follow it 100%, even if the strategy runs badly at first sight. Of course, this requires a lot of self-control ... but as a trader you should have it anyway.
Tone Vays, a relatively well-known trader, once compared trading to playing poker. There, too, you hardly see any emotion in the players during big tournaments. The better someone rules over himself, the better he usually plays.



Always remember these words " Not Your Key Not Your Coin"

That's exactly what I was talking about. Unfortunately, it still happens way to often that traders lose money solely because they used dubios trading platforms, lost access to the wallets of their bots and so on. Those failures are way more painful than losing a bunch of trades in a row.

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August 30, 2023, 07:39:30 PM
 #72

snip
Bitcoin can multiply your money but for it a person should be able to continue his efforts and patience until the exact time comes from which a profit can be achieved and other coins are worthy too but not all of them can proves to be good during bear market so step towards success requires knowledge and learning during such situations.
This is actually correct because having spare cash lose nowadays is very hard since no one wants to lose their cash and to every little one is very much important to them. Invest needs boldness anyone who aren't determined to start investing may never have that mindsets to release some of his funds to invest in something that they know of their future results or the outcome to be.. That is why investment and trading require deep knowledge to paddle through the journey otherwise I don't think if one could spare cash to invest or trade.
Investing need a lot to concentration for us to make profits from the market. If we really want to make money from the market then will need to be focus and make a good analysis or better sti get a good signal that can make us a lucky investor. Everyone is not meant to make profits from the market. The market works like this, if you lose, others are winning.

While you win, there are people that are losing. Everyone can't become a winner at the same time. There is need for a quick understanding of the market because if you buy and others are selling, you may be surprised that the market is going to go bearish making you to lose money.









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August 30, 2023, 11:04:23 PM
 #73

-snip-
The use of Bots can avoid emotions, but you need to be careful not all Bots are good.
There is a wide variety of Bots available that will ultimately only end up in fraud and losses due to undeveloped Bots.

Many Whales are using Mev Bot as their trading Bot on the Ethereum Platform and some bots are also already available on centralized exchanges.

That's exactly what I was talking about. Unfortunately, it still happens way to often that traders lose money solely because they used dubios trading platforms, lost access to the wallets of their bots and so on. Those failures are way more painful than losing a bunch of trades in a row.
Being trapped on a scam Bot platform is more painful.
When you have made a lot of profits, you can't have access to the wallet you used, the scammers take over everything and that's the risk of using Bots that are not recommended. Full research should be done before using a Bot.

-snip-
While you win, there are people that are losing. Everyone can't become a winner at the same time. There is need for a quick understanding of the market because if you buy and others are selling, you may be surprised that the market is going to go bearish making you to lose money.
That is the trade cycle and will always be the case.
The profits you make come from people buying the assets you sell, and vice versa.

There are winners and losers, there are profits and losses.
Make sure to have a good and workable strategy for trading.

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August 31, 2023, 01:31:04 AM
 #74

Trading is not for everyone It is known by most of us that people who can't acquire good skills can never make profit. Especially those who are new to cryptocurrencies are never wise but face a lot of pitfalls in the journey they embark on. And those who gradually acquire skills and knowledge can later face profits whereas those who trade without acquiring skills always face losses. Many newbies who overthink trading in the beginning are often at risk, and many get emotional with losses. Of course, if you want to make a profit by trading, you need to acquire good skills and knowledge and do a good analysis of the market, then you need to take advice from knowledgeable people, but it is possible to succeed in trading.

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August 31, 2023, 02:54:45 AM
 #75

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Indeed. If you became interested to be a trader just because you saw someone earning a decent amount through his trading activity, it doesn't mean you'll have the same result. Because it depends on your knowledge and experience in trading to maximize the chances of having a successful trade.

Trading is not for everyone but you can always try. This is to experience if being a trader is better than the other opportunities out there once you engage yourself in crypto. If it doesn't work then you can try the other ways until you find the path that can give you decent profit without pressuring yourself.

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August 31, 2023, 04:03:33 AM
 #76

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
First verify that our abilities are more suitable for trading or investing because if you start with ignorance it will actually make you lose everything. Trading requires knowledge of technical matters and you also need experience to adjust strategies, we get all of that if we are directly involved in it. The trick is to try to learn to trade with small capital first so that we are accustomed and experienced in trading.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past.
For investment it also depends on what coins you hold and trading is sure to send a lot of people in the past if done without competent knowledge.

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.
Separate trading from investing because it is confusing for beginners to understand. Trading is different from investing although both are involved in buying and selling.

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August 31, 2023, 04:58:04 AM
 #77

I will have to agree that trading is not for everyone, simply because trading involves skills, and the skills in trading is not a type of skill everyone can get good at, like for example, an uneducated person we find it very difficult to understand the skills involved in trading even if it is really their desire to learn how to trade, and get commit the time to learn, it will still be very difficult for them to succeed or do well in applying the skills required for profitable trading, so yeah indeed, trading is not really for everyone.

Those who find reading difficult can like the op said, buy-and-hold, that is the same as investing, investor also make a very good amount of money if they invest in the right project, the only challenge here is finding the right projects to invest in, but then, if the investor is unsure, they can always start their investment journey by first investing in Bitcoin, at least, until they become better at knowing the right project to invest in and projects to avoid.

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August 31, 2023, 05:27:42 AM
 #78

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

Not only those altcoins poses the tendency to reduced by 99% but also bitcoin can do that as well. Bitcoin loses so much value during the bear market so if you're running from altcoins because of this you will also encounter it investing in only Bitcoin but what make the difference is the ability for Bitcoin to fall this much and still climb back up when the bull market starts but most altcoins can't do this due to them losing their hype in the market.

Many individuals are investing in altcoins because of the hype that the getting therefore when that hype is no more they lose investors and you shouldn't be left holding those types of project or you won't have anybody to sell to or sell at a lost price because of low market activity.

Yeah you are right though, but the risk in altcoin can't be compared with bitcoin since most of them doesn't come rise back as quickly as possible. Just as you had said earlier, most of those altcoin loses tremendously but aren't that energized to rise back as bitcoin that's why I myself do love holding bitcoin than altcoin. Yet there are some other altcoin you could hold and may not loose that much because they are already known to be the popular ones, apart from them holding none reputable coin are very risky especially the overhyped coin.
Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.

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August 31, 2023, 05:30:14 AM
 #79

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Indeed. If you became interested to be a trader just because you saw someone earning a decent amount through his trading activity, it doesn't mean you'll have the same result. Because it depends on your knowledge and experience in trading to maximize the chances of having a successful trade.

Those TikTok and social media videos really make those newbies think and say that they can learn trading easily, as those videos are just showing the end result, not the hardships, and they are also just after the referral, as they can get money on it once you sign up and deposit money. Thinking this way really makes you quit along the way, as you're not ready to fight; you're just thinking that you can learn it over the span of a few days and start earning profit, which is not true.
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August 31, 2023, 07:43:04 AM
 #80

Obviously trading is not for everyone, even if you have all the skills to trade and make profit there are some other important skills that you need to have in order to be on the profit side on a long run in trading, even if you know how to read the chat and enter the market and exit successfully yet. You don't have patience. You will not be successful in Trading. Even if you are an expert Trader and you don't know risk management, you will lose on the long run. That is the reason it is said that trading is not for everyone because it is more emotionally attached than experience.

According to Op, if we are sure of the bull run, it is better to hold for long time, just only good Project.

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August 31, 2023, 11:11:05 AM
 #81

Not only those altcoins poses the tendency to reduced by 99% but also bitcoin can do that as well. Bitcoin loses so much value during the bear market so if you're running from altcoins because of this you will also encounter it investing in only Bitcoin but what make the difference is the ability for Bitcoin to fall this much and still climb back up when the bull market starts but most altcoins can't do this due to them losing their hype in the market.

Many individuals are investing in altcoins because of the hype that the getting therefore when that hype is no more they lose investors and you shouldn't be left holding those types of project or you won't have anybody to sell to or sell at a lost price because of low market activity.
I do not think that 99% would be possible for bitcoin at all, I understand the logic and I understand the fear and if we were to talk about it like technically speaking then we could say that it could be done.

But, the reality is that we are talking about a situation where it would be near impossible for it to happen, this is why we should be careful about what we are picking. While those altcoins do have a chance to drop 99%, there is no chance for bitcoin to do it, and I bet that ETH won't have that chance too. Even BNB which is third biggest could do it if something were to happen to Binance, but at the same time the Bitcoin and ETH duo will not have that, the yare just way too big to drop 99% which is nearly nothing.

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August 31, 2023, 12:21:52 PM
 #82

Congratulations. We are in same idea. This is a very useful piece of advice. If you are not patient and determined, do not enter this trade if you do not have clear information about the subject. Otherwise, you will only hurt.

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
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August 31, 2023, 01:09:09 PM
 #83

Obviously trading is not for everyone, even if you have all the skills to trade and make profit there are some other important skills that you need to have in order to be on the profit side on a long run in trading, even if you know how to read the chat and enter the market and exit successfully yet. You don't have patience. You will not be successful in Trading. Even if you are an expert Trader and you don't know risk management, you will lose on the long run. That is the reason it is said that trading is not for everyone because it is more emotionally attached than experience.

- You can never make everything possible and earn consistently but for sure, you will also suffer losses
 - You can never call yourself an expert if you don't know risk management - that was a self-proclaimed.

I believe in destiny and so why Trading is not for everyone - It is because not all are destined to become a trader. It is necessary to assess ourselves whether if we can do trading in the right way or not, and we don't need to pressure ourselves knowing that we can't make it as it was a suicidal move.

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August 31, 2023, 01:16:46 PM
 #84

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Indeed. If you became interested to be a trader just because you saw someone earning a decent amount through his trading activity, it doesn't mean you'll have the same result. Because it depends on your knowledge and experience in trading to maximize the chances of having a successful trade.

Trading is not for everyone but you can always try. This is to experience if being a trader is better than the other opportunities out there once you engage yourself in crypto. If it doesn't work then you can try the other ways until you find the path that can give you decent profit without pressuring yourself.

Correct. If you are jealous of someone who manages to earn out from this business, you should do your best to learn more about
the industry and not just blindly follow what you think is trending.

There are many ways to learn and taking extra efforts and time to learn is something that an individual person will take as edge against those
who did not do their homework.

Your success will be dependent on the actions that you will going to take.
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August 31, 2023, 01:35:47 PM
 #85

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.

Not only those altcoins poses the tendency to reduced by 99% but also bitcoin can do that as well. Bitcoin loses so much value during the bear market so if you're running from altcoins because of this you will also encounter it investing in only Bitcoin but what make the difference is the ability for Bitcoin to fall this much and still climb back up when the bull market starts but most altcoins can't do this due to them losing their hype in the market.

Many individuals are investing in altcoins because of the hype that the getting therefore when that hype is no more they lose investors and you shouldn't be left holding those types of project or you won't have anybody to sell to or sell at a lost price because of low market activity.

Yeah you are right though, but the risk in altcoin can't be compared with bitcoin since most of them doesn't come rise back as quickly as possible. Just as you had said earlier, most of those altcoin loses tremendously but aren't that energized to rise back as bitcoin that's why I myself do love holding bitcoin than altcoin. Yet there are some other altcoin you could hold and may not loose that much because they are already known to be the popular ones, apart from them holding none reputable coin are very risky especially the overhyped coin.
Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.

Exchange token are not guaranteed either they equally lose drastically as others but what you should know is that is only left for us to be smart and act safe with our altcoin, that is to say when holding altcoin and you noticed you have made some certain profits we should try our best to take profits or sell out capital from holdings.
This is also applicable with trading, whenever you are trading don't leave your holdings in altcoin; when you close trading for the day you should try as much as possible to hold btc or a stablecoin while opening you can start back with the other coin.

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August 31, 2023, 01:44:28 PM
 #86

Actually there's a point As you can see recently there are a lot of advertisements right now showing how trading can bring in a huge amount of money, but in reality its not all about here because you need to consider the basic and fundamentals of trading, or else you will just waste all your money with your prediction that has now assurance with the market price movement, also there's a lot of influencers want to promote this and encourage people but they didn't enlighten them about the possible risk all they encounter when they make a trade, some newbies hire for a mentor for their journey, some of them makes a self study it depends on your approach but at the end of the day profit counts.

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August 31, 2023, 01:51:00 PM
 #87

- You can never make everything possible and earn consistently but for sure, you will also suffer losses
 - You can never call yourself an expert if you don't know risk management - that was a self-proclaimed.

Yes, but by fighting hard enough and sticking to their plan they will be able to make things possible, profits may be made but I would say that they will not always be profitable. That means as you said above that the profit will always come with a level of risk as well. In trading the market moves very fast and it's volatile, and I wouldn't say that professional traders are those who never lose, they have a lot of experience and also with strong self-control. Although professional traders have a lot of experience but that does not mean they never lose, losses will always come to anyone and I say they have many ways to be able to minimize their losses. So for professional traders I think they have a higher profit rate than their losses.

I believe in destiny and so why Trading is not for everyone - It is because not all are destined to become a trader. It is necessary to assess ourselves whether if we can do trading in the right way or not, and we don't need to pressure ourselves knowing that we can't make it as it was a suicidal move.

I quite agree with you and I will repeat what you said above, "not everyone is destined to be a trader", at first glance this makes a little sense. But I will also add a little, in my personal view this is not a matter of whether or not someone can trade. Because if they want to then they can do learning related to this field, if they want they can look for a lot of references from other people or find a mentor to guide them, and they can do it. meaning that anyone will be able to trade. And I don't think that's a limitation. I emphasize, everyone has their own attraction to whatever field it is, if they want or are interested then they will learn in any way and if they don't do it it doesn't mean they can't but they don't want or are not interested. Everyone can but not everyone is interested in doing it.
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August 31, 2023, 03:44:23 PM
 #88

it is indeed the key that must be held, using spare cash which does not interfere with our needs for life will make us more relaxed in holding it. and before that we must also be aware of the risks, so there is no need to really hope that our money will multiply quickly, because thoughts like that sometimes often damage our common sense. if you are only ready to receive profits I don't think that should be done in the cryptocurrency world, because many people are disappointed in the end
Yeah you are right there are some post I have came across here they said "all funds are important to them" meaning this sets of people can't spare any amount for investment and trading because to whatever that comes as results may quickly make them to start panicking so, true trading is not meant for everyone and they should know the area suitable for them to venture into.
Maybe physical business could help go along way whereby they don't lose their money at a go, due to the volatility level of cryptocurrency we should mind the kind and sets of people we should always try talking with because some of them may not bear the lost.
I would feel like that when it's about trading, I had so much scare when I was talking about trading and in the end I didn't really do it and I didn't trade that much and most of my money is investing for long term. I think that's important because we are talking about something big here, and I believe that as long as we believe that, it's not going to be that much of a big deal.

I think it's important to make sure that we are talking about people who are willing to take those risks and there aren't that many of them, so it's traders who do it, and investors who avoid it. Of course investment has its own downs as well but at least it's less riskier and there are bigger chances that you could make it work as well.

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August 31, 2023, 04:18:54 PM
 #89

snip
I would feel like that when it's about trading, I had so much scare when I was talking about trading and in the end I didn't really do it and I didn't trade that much and most of my money is investing for long term. I think that's important because we are talking about something big here, and I believe that as long as we believe that, it's not going to be that much of a big deal.

I think it's important to make sure that we are talking about people who are willing to take those risks and there aren't that many of them, so it's traders who do it, and investors who avoid it. Of course investment has its own downs as well but at least it's less riskier and there are bigger chances that you could make it work as well.

Smiles..
Are you indirectly telling me you haven't ventured into trading before due to the fear of losing huge amount of money or panicking?
Usually trading and investment is something we should get ready for, that is to say we should try our best to also accept the risk associated with trading and investment. Most at times we don't always get prepared for that part of our lives when it comes of trading and investment, people always think of the positive aspect, how they could get whatever profits without getting prepared for the risk associated with getting huge profits as well.

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August 31, 2023, 05:20:14 PM
 #90

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Time sure does the thing. But in order to make profits, you need to choose the correct option. Not every cryptocurrency will give you profits even if you HOLD them for the rest of your life. Some will vanish from existence and you will not know it before it's too late. For this reason alone, it is very important to choose the right one to hodl.

Also one more thing. Bull market is not the time to HODL. You need to set up a target and when it is achieved, you need to make sure to let go. Otherwise, you will be making losses instead of profits. As we all know, after every bull run, there will be a bear market that will follow. Finding the best time to sell is the right thing to do during a bull market.

So if you are not good enough at trading, then buy and hodl. Buy in a bear market, hodl till it's over and then sell in a bull run. That should be the right thing to do.
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August 31, 2023, 07:26:50 PM
 #91

Day trading is not a good idea, it requires extensive knowledge and experience to effectively predict short term market fluctuations. It can be emotionally and mentally draining as constant monitoring and decision making are required. Day trading often involves high transaction costs & risks, potentially resulting in financial losses. It can lead to impulsive decision making & excessive trading which can hinder long term investment goals. It's generally recommended to focus on long term investments for sustainable financial growth.

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August 31, 2023, 08:47:39 PM
 #92

it is indeed the key that must be held, using spare cash which does not interfere with our needs for life will make us more relaxed in holding it. and before that we must also be aware of the risks, so there is no need to really hope that our money will multiply quickly, because thoughts like that sometimes often damage our common sense. if you are only ready to receive profits I don't think that should be done in the cryptocurrency world, because many people are disappointed in the end
Yeah you are right there are some post I have came across here they said "all funds are important to them" meaning this sets of people can't spare any amount for investment and trading because to whatever that comes as results may quickly make them to start panicking so, true trading is not meant for everyone and they should know the area suitable for them to venture into.
Maybe physical business could help go along way whereby they don't lose their money at a go, due to the volatility level of cryptocurrency we should mind the kind and sets of people we should always try talking with because some of them may not bear the lost.
I would feel like that when it's about trading, I had so much scare when I was talking about trading and in the end I didn't really do it and I didn't trade that much and most of my money is investing for long term. I think that's important because we are talking about something big here, and I believe that as long as we believe that, it's not going to be that much of a big deal.

I think it's important to make sure that we are talking about people who are willing to take those risks and there aren't that many of them, so it's traders who do it, and investors who avoid it. Of course investment has its own downs as well but at least it's less riskier and there are bigger chances that you could make it work as well.
You would really be scared on something which you have first time do able to hear out or able to encounter on which it would really be just a normal approach or reaction on the time that you are into this situation or condition on which it is really that a casual reaction to be made by a noob but on the time that you had gained up sufficient experience then those kind of emotions would really be totally removed or eradicated
along the way.I agree that there are really people who dont really end up on successful with trading or simply it isnt for everyone but it doesnt mean that you wont really be trying. You wouldn't know unless you do try and this had been always my main motto when it comes on dealing up with something new or my first encounter.

If you do see that other people do get up some success on this one, then why would really be limiting yourself on reaching out such condition too? There are really just those people who are really that
do easily give up on the time that they would really be seeing that it is really that something so hard for them to deal with without having the plans on trying it out first and directly make out
some decisions that they should stop or quit it right away.

R


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August 31, 2023, 08:59:14 PM
 #93

In crypto market, trading is not a must. Although we’ve seen bigger profits that are made through trading, but always know that not all those who suicide in trading end up successful. Most of those who trade without sufficient knowledge and skills have only wasted their time and money, so I don’t advise people to trade unless they’re ready for it. However, everything in the crypto market can be learned even with trading. If you think you’re not good enough today, then find ways to improve your knowledge and skills and even develop some great opportunities if you like because those are the prerequisites for a successful trading.

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August 31, 2023, 09:23:28 PM
 #94

Absolutely right. Trading is hard and risky, so one should never jump into trading unless he’s ready to take the risks and overcome frequent losses from trading. That is because trading has its inevitable losses as well, so if you’re not ready to lose, then never do trading from the start. However, trading provide great opportunities to earn, and if you’re knowledgeable and skillful enough, you will gain maximum profits in trading. But if you think you’re not capable enough to trade and overcome losses, then practice more because that’s the only way to improve your skills when trading.
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August 31, 2023, 09:46:50 PM
 #95

This advice should be aimed not only to beginners, but also to the more general public for people interested in cryptocurrency. It is clear that a huge number of people who are interested in crypto do not earn a profit from trading; the majority of them always lose and only a few make a good profit. Those who have made good profits and become wealthy through cryptocurrency are the holders; they buy when the market is down and sell when the market is up.

Day trading or short term trading is not for everyone. It's a wild fire that even experienced traders find it hard to handle. You are right in saying that profit in the long run lies in HODLing and short term trading can only give you occasional benefit. I have tried day trading and quickly find out that I am not suitable for that and left that trading to avoid future loses. The more quickly you understand trading (short and day) and its prons/cons the better it is for your capital.
Just accept the reality that not all those who aim to trade end up trading successfully. Some are just trying hard to make their trading works but eventually, when all they experience are frequent losses than gains, that’s where they realized that trading is not for them. So never doubt yourself but never fail to admit when you feel things are not doing good. Trading is not for everyone, as well as trading is not a must in the market.
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August 31, 2023, 11:30:15 PM
 #96

Day trading is not a good idea, it requires extensive knowledge and experience to effectively predict short term market fluctuations. It can be emotionally and mentally draining as constant monitoring and decision making are required. Day trading often involves high transaction costs & risks, potentially resulting in financial losses. It can lead to impulsive decision making & excessive trading which can hinder long term investment goals. It's generally recommended to focus on long term investments for sustainable financial growth.
It depends on the person/individual. If someone has enough knowledge and strong mentality, day trading can be the right option. Day trading offers profits in short time, people can earn dollars just in a day although it is not a big amount of money. Sure, day trading isn't easy to do, it requires skills and good analysis both for technical and fundamental aspects. It also can be quite emotionally when the market suddenly changes its direction. But there people who like to take challenges and the risks like in day trading, it is no problem as long as they can earn money. People must understand that there is no trading without risks, whatever the type of trading must have its own risks.

In crypto market, trading is not a must. Although we’ve seen bigger profits that are made through trading, but always know that not all those who suicide in trading end up successful.
Yep, if trading seems not suitable, we can choose investment. Both investment and trading offer good profits, but people can earn profits faster with trading. However, it is better to earn profits for long holding than wasting our money with trading.  Wink



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September 01, 2023, 06:30:16 AM
 #97

Even if you are an expert Trader and you don't know risk management, you will lose on the long run. That is the reason it is said that trading is not for everyone because it is more emotionally attached than experience.

Like you said, patience is really required in trading. I agree with you, because even if one is an experienced trader, that doesn't mean they are going to have every trade be successful; rather, they tend to archive more successful trades than beginners. The crypto market and price movement are always dynamic, as no one can accurately predict the price of any crypto asset they are trading. Although there are some technical analysis tools for predicting the possible moves of the coin before signing a trade, that doesn't mean that all the time the market price can end as predicted. Trading just requires the trader to be confident and get off their emotions when they experience heavy losses.

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EarnOnVictor
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September 01, 2023, 10:20:45 AM
 #98

Even if you are an expert Trader and you don't know risk management, you will lose on the long run. That is the reason it is said that trading is not for everyone because it is more emotionally attached than experience.

Like you said, patience is really required in trading. I agree with you, because even if one is an experienced trader, that doesn't mean they are going to have every trade be successful; rather, they tend to archive more successful trades than beginners. The crypto market and price movement are always dynamic, as no one can accurately predict the price of any crypto asset they are trading. Although there are some technical analysis tools for predicting the possible moves of the coin before signing a trade, that doesn't mean that all the time the market price can end as predicted. Trading just requires the trader to be confident and get off their emotions when they experience heavy losses.
It's easier said than done but still what traders have to do in trading. Trading is vast and it's like a spirit that invests you to do contrarily to your plan, and the more you try, the more you might see yourself deviating from the original plan. This is why I often laugh when I see people writing about what to do in trading without putting a strong emphasis on discipline and determination to do it. It's a thing trying to do something and another finding yourself doing another thing, this is common in trading and it's all psychological, and the issue of psychology in it has to be taken most seriously. But first, traders must be adequate with a good trading system and management before anything psychology can work. If not, such should just close his trading chart and call it a day.

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September 01, 2023, 11:27:56 AM
 #99

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
Trading business may consider like a very simple business to many. But is trading business really easy? I think this is one of the hardest businesses in the world. We generally think that since it can be done online so easily, I might get something good from here in a short time. But the reality is different because it is a risky business platform. Where you can easily lose more. Volatility is usually high in the trading business, so you may see big changes in your assets over time, which is unexpected for many. In this kind of trading business it is very difficult to hold emotions. Many traders cannot control it as a result of which they can lose their wealth there. etc. There are several tough challenges a trader has to take which are not easy for everyone.
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September 01, 2023, 12:46:36 PM
 #100

Nowadays, I often see advertisements of trading opportunities online, such as on various social media platforms such as Facebook and Youtube, which often see their respective ads, such as OctaForex and others related to trading. It means that it is clear that at this time the trading industry is trending too much, and this is proof that there is really profit to be made here as long as you have knowledge here, and often I see copy trading and things that also exist in the crypto industry where we live. That's why if you're just entering here to make money and won't take this lesson seriously, it can be said that it's not for you.

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September 01, 2023, 01:32:18 PM
 #101

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
Not only newbie but also old traders having no control on emotions and continuesly losing in trading should also just hold the potential coins in dips and then sell in bullish market. Newbie want a quick profit and cannot bear to see Market down. when market down after taking entry, newbie often sell coins in panics and the same coins rised after some times. proper learning about market is necessary. Without learning it's hard to find which coins is best to trade in current trend, low and high of coin and when to hold without trading and just to watch market.


Quote

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
OP your are preferring holding more than holding which is not a solution. The better suggestions for newbie in my view is to use some fund for holding and at the same time small fund use for trading. When newbie trade practically then I hope it's not hard to learn trading. Trading is best way to earn daily, even in bear market while holding will only benefit you when market become bullish.



 

 

 

 

 

 


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AicecreaME
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September 01, 2023, 02:10:21 PM
 #102

I definitely agree with you.

Not because some of your friends do it and making some profits doesn't mean you have to do it as well. We all excel in different kind of fields, we only have to figure it out where. Trying trading in futures is not a bad thing, it only becomes bad if you're to mad, greedy, and frustrated every time you lost a trade, that's why you're gonna end up chasing your losses without any effective plans at all.
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September 01, 2023, 03:04:53 PM
 #103

Nowadays, I often see advertisements of trading opportunities online, such as on various social media platforms such as Facebook and Youtube, which often see their respective ads, such as OctaForex and others related to trading. It means that it is clear that at this time the trading industry is trending too much, and this is proof that there is really profit to be made here as long as you have knowledge here, and often I see copy trading and things that also exist in the crypto industry where we live. That's why if you're just entering here to make money and won't take this lesson seriously, it can be said that it's not for you.

It's true that there are advertisements for online trading these days, but there are also groups that provide you with online signals as well. There is a lot of activity on Facebook ,instagram, telegram and YouTube related to online trading. These platforms provide excellent information for newbies, and there is a good opportunity to learn from here. There is no doubt that online advertising and the efforts of these platforms are getting many people interested in trading, and the trading industry is expanding rapidly. Profit can be earned from this platform only if you have good experience and knowledge. Newbies must try to learn and keep themselves informed about the market. You are right that if someone comes here just to earn money without going to the market then this market is not for them, because instead of profit here they may face loss. Copy trading can be profitable, but it also requires experience. If profits could be made so easily, everyone would be making profits through copy trading.
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September 01, 2023, 03:08:38 PM
 #104

There are many differences between trading and investing that you need to practice first and investing may not keep you safe. But from trading you will get daily profit but investing is a way to earn money for a fixed period of time. In fact it is possible to make a profit from everything investing and trading in crypto if you do a little research on the subject. Because the first step for every entrepreneur is practice.

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September 01, 2023, 06:31:36 PM
 #105

Without any doubt, trading is not for everyone. Even though a lot have the desire to enter crypto trading for the sake of exceptional profits, but always remember that only capable and efficient traders end up profiting, the rest are just messing the market.This is why never trade if you think you have nothing to prove, since trading is never measured with luck but it's always been skills and strategies based. If you don't have what it takes to be a good and profitable trader, then never enter into trading and take some bigger risks.

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September 01, 2023, 09:55:20 PM
 #106

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.

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September 01, 2023, 09:56:16 PM
 #107

Without any doubt, trading is not for everyone. Even though a lot have the desire to enter crypto trading for the sake of exceptional profits, but always remember that only capable and efficient traders end up profiting, the rest are just messing the market.This is why never trade if you think you have nothing to prove, since trading is never measured with luck but it's always been skills and strategies based. If you don't have what it takes to be a good and profitable trader, then never enter into trading and take some bigger risks.
Yes, the high risk in crypto trading is one of the factors. What's more, trading is not something that just relies on luck. So for anyone who dreams of getting rich quickly through trading, they shouldn't think like that. Because trading requires a process that is not easy. There must be various preparations and thorough self-readiness so that they are truly ready for trading. Ready in terms of their knowledge, mentality, and also wisdom in every step they take. If we are still unstable and cannot control our emotions, especially if we cannot exercise discipline and effectiveness, then this will actually be dangerous, because trading requires all of that.

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September 01, 2023, 11:22:09 PM
 #108

~~~

Yeah, @EarnOnVictore, normally trading is a thing of the mind and mental calculation and not just any kind of person can really make trading a habit, knowing fully well that if they start trading for that day, profit is not guaranteed but instead they can even end up losing their asset. I remember when I was trading, any time I opened the exchange, my heart always beat faster because I knew I was about to take a risk of which I was not 100% sure what the result might be, plus the fact that I was using money to carry out the trade. As a trader, confidence and determination should be part of their trading habits, because if you're not confident enough, you can't even just enter a trade with $1000 at once, and there are even some traders who trade with a higher asset.

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September 02, 2023, 05:18:37 AM
 #109

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.

A continuous learning process to adopt changes, there's no stopping as trading always have surprises in terms of market
movements, if you failed to adopt losing is possible.

You need to work your way in earning more knowledge from each time you made your trade, better to make sure that you will be able to
adopt what it's needed to learn to properly anticipate what will be the possible next market movements.
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September 02, 2023, 09:10:10 AM
 #110

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it.
If you have plenty of money and don't want to learn and you're doing it just to have fun, you must be rich. But the majority of the traders that are trying it have their own reasons.

One is to earn and secondly is to learn.

Both must be a tandem and you can't just earn from it if you'll not learn especially to the losses and mistakes that you will commit.
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September 02, 2023, 03:35:36 PM
 #111

Buy and hold strategy is mostly overlooked, why? Because people have established already in their minds that trading is the best way to make profits with crypto. At some point, it’s true, but on the other point, it’s a lie. Trading will make you profit, but it will also make you lose your wealth in an instant. If you trade without skills and experience in the market, you will never be efficient traders in the long run. This is the simple reason why trading may not be for all aspiring traders.

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September 02, 2023, 05:28:05 PM
 #112

[
Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

This is the best advice for a newbie in cryptocurrency unfortunately the desire to earn huge profit quick and fast pushed a lot of them into trading which is very risky that is why 95% traders are losers, the easiest way of earning crypto is to buy and hodl during the bear market definitely there would be a time when the market would become bullish a period to sell your assets.


You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Lack of patience and ability to persevere till the bull run is another issue that is usually associated with newbies, there is the urge to earn profit quickly of course the market isn't control by anyone but by forces of demand and supply most importantly fundamentals thus a new investor would have to wait before earning decently.


Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Some of the newbies are often carried away by the profits posted on social media by some traders, those profits displayed often entice a lot of newbies to follow the crowd  in their bid to make money quickly unfortunately ended up rekting their hard earned money.

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September 02, 2023, 06:25:10 PM
 #113

Buy and hold strategy is mostly overlooked, why? Because people have established already in their minds that trading is the best way to make profits with crypto. At some point, it’s true, but on the other point, it’s a lie. Trading will make you profit, but it will also make you lose your wealth in an instant. If you trade without skills and experience in the market, you will never be efficient traders in the long run. This is the simple reason why trading may not be for all aspiring traders.
that's why trading is not for everyone. Maybe everyone can trade crypto, but not everyone can trade and make good profits.
beginners are more likely to be eager to trade than to be patient with their asset holdings. that's because what they think about is short-lived profits. finally, I believe there are quite a lot of traders who realize how important it is to be patient in investing more important than rushing to try trading.



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September 02, 2023, 06:59:28 PM
 #114

Nowadays, I often see advertisements of trading opportunities online, such as on various social media platforms such as Facebook and Youtube, which often see their respective ads, such as OctaForex and others related to trading. It means that it is clear that at this time the trading industry is trending too much, and this is proof that there is really profit to be made here as long as you have knowledge here, and often I see copy trading and things that also exist in the crypto industry where we live. That's why if you're just entering here to make money and won't take this lesson seriously, it can be said that it's not for you.

It's true that there are advertisements for online trading these days, but there are also groups that provide you with online signals as well. There is a lot of activity on Facebook ,instagram, telegram and YouTube related to online trading. These platforms provide excellent information for newbies, and there is a good opportunity to learn from here. There is no doubt that online advertising and the efforts of these platforms are getting many people interested in trading, and the trading industry is expanding rapidly. Profit can be earned from this platform only if you have good experience and knowledge. Newbies must try to learn and keep themselves informed about the market. You are right that if someone comes here just to earn money without going to the market then this market is not for them, because instead of profit here they may face loss. Copy trading can be profitable, but it also requires experience. If profits could be made so easily, everyone would be making profits through copy trading.
When it comes to advertisement and other form of marketing, then it would really be just that normal that they would really be having that kind of approach because this is how business works or something that it would be talking about possible or add ups when it comes to money making on which hooking up those noobs on trying out to touch trading blindly which its true that once you do see on these ads and you are still that noob or lacking experience and awareness of these things, then most likely you would really be ending up on getting engaged with it and trying out to touch up that space
even if you do lack that knowledge.Ive seen tons of dedicated ads which is about copy trading even on just simply watching youtube and seeing those ads and even just scrolling facebook.
Yes, it has something to do with those SEO and automatic recommendations made out basing on what you do look and search which these things could totally hook up newbies if they arent really that careful. Yes, copy trading is something a name that could poke out newbies interest on touching up this space. Yes, they could make money but doing totally relying with those signal providers
isnt something that could make you better and even that sustainable in the end.
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September 03, 2023, 09:25:22 AM
 #115

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
Trading business may consider like a very simple business to many. But is trading business really easy? I think this is one of the hardest businesses in the world. We generally think that since it can be done online so easily, I might get something good from here in a short time. But the reality is different because it is a risky business platform. Where you can easily lose more. Volatility is usually high in the trading business, so you may see big changes in your assets over time, which is unexpected for many. In this kind of trading business it is very difficult to hold emotions. Many traders cannot control it as a result of which they can lose their wealth there. etc. There are several tough challenges a trader has to take which are not easy for everyone.
That's the point many people miss, it is not one of the easiest ways of making money and it should not really be one neither, you are talking about something that would be difficult and it is making money so it should be difficult anyway. Nobody makes money like it is the easiest thing in the world, it should be hard and if you ever get lucky and make money easily, I bet that it is not going to be easy to repeat that neither.

So, there is no situation where it will not be that simple, it should be something that takes time. I know that it will not be simple and we should be careful about it, but it is also possible at the same time, yes it is not easy, but it is not impossible neither and if you spend enough time on it, you may make profit.

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September 04, 2023, 02:02:23 PM
Merited by fillippone (1)
 #116

Business is the plan where a new person wants to start, he must have good knowledge. Many times it is seen that people plan different ways to start trading in a new situation, but their plans are different, resulting in high risk of losing money. That's why newbies must first take good advice about trading and analyze the market before they can trade. Moreover, we know that trading is not for everyone that all people who are not skilled and have no experience about trading will never be able to profit. That is why one should first gain good experience about the market and then start trading with the amount of money he has. A loan should never be taken before starting a trade as there are many risks to be faced, so trading should be done with caution, and it is better to follow good decisions.

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September 04, 2023, 11:57:33 PM
 #117

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.
You are right. Trading is only suitable for people who want to learn seriously. Trading is not easy as people think, it needs deep knowledge and skills in trading. We also must know well about trading types and the strategies, that will have a big role to determine the success of trading. And the last, we must have good mentality, must be patient. It is because trading won't always be easy, sometimes the market becomes difficult to predict. So, trading is quite complicated thing, won't fit for lazy people.


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September 05, 2023, 01:21:04 AM
 #118

Another thing to learn is that they should always used their spare money or money not in haste to make use of since most person's always expect huge profits from holding. From my understanding, whenever you are holding it should be for bitcoin only any other currency is at a very high risk because they posses the tendency of losing 99 percent and this alone had sent back people to their past. So why engaging yourselves with trading and hold you should also try as much as possible to only used their spare fund or an amount they spare to lose.
If you are in need of money, and you have no job and no source of income, then it is foolish to expect that trading will allow you to earn. You need to be prepared that trading will not generate income as soon as you start trading, and besides this, it takes some time to understand whether you can earn money in trading, or this activity is not for you.

Successful traders talk about how they enjoy trading, which means that you should only do what you like. If you don't like trading, or if you only want to do it for the sake of money, then you also need to understand that it may cause additional difficulties in achieving success in trading.
That mindset looks the same to those who play gambling because they are in need of money although many of them already have a capital because they know that they can't start the activity immediately if they don't have it. Same thing should be applied if we attempt to do trading. The only difference is trading is a little bit hard so we should learn some stuffs first.

But I know, these are likely to be skipped because we are rushing to earn anyway. It is still useless since the outcome that we can get are still mostly. If we don't have a money, the first thing that we should do is to find a job. We should only treat trading like a hobby on our free time. If it clicks, well the profit that we can get can be seen as a bonus for enjoying the activity.

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September 05, 2023, 02:38:32 AM
 #119

Trading is only for everyone who has initiative to learn it, though there are sometime others begun to learn it but not taking seriously so in the end they stopped and not continuing because of having no willingness to do it. Just like the others thinking, trading is like a course where you need to spend time to learn it. In short, there is a process for this things, if anyone wants to earn the we must learn and for us to learn we should study it first.
You are right. Trading is only suitable for people who want to learn seriously. Trading is not easy as people think, it needs deep knowledge and skills in trading. We also must know well about trading types and the strategies, that will have a big role to determine the success of trading. And the last, we must have good mentality, must be patient. It is because trading won't always be easy, sometimes the market becomes difficult to predict. So, trading is quite complicated thing, won't fit for lazy people.



Don't forget the patience and perseverance because we know that learning trading will take time, which means you need to be learning it on a daily basis and in a stable way because if not, you'll lose your learning. That is why we need to persevere on doing it as we can't learn it just overnight, even though others are still learning it after a few years. Also, those who are trying to learn will be tested because you thought you would learn the basics, but it turns out you still haven't won because you still haven't established a strategy.
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September 05, 2023, 05:48:16 AM
 #120

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Yes. Buying and selling continuously every day is very difficult and not for everyone. There was a time when I continuously tripled my trading account in a short period of time, but then just 1-2 orders went wrong and I lost everything. Let's trade sustainably rather than grow fast. That is my own experience.
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September 06, 2023, 03:02:08 PM
 #121

Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.
Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

.
SPIN

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dunfida
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September 06, 2023, 05:34:55 PM
 #122

Bitcoin is always safer to hold and ALT coins are slightly riskier to hold than Bitcoin, but there are definitely some good quality coins in ALT coins that don't seem as risky as holding other common ALT points. Holding alt coins that have their own platform or their own exchange has a very low chance of losing. But whether we plan to hold ALT coin or Bitcoin we must accept risk because no matter how safe the coil is you must accept risk, any coin will be easier to hold if you can accept risk.
Users who can't take money risk and get too excited should stay away from trading because not being able to take risk and getting too excited puts their money and life at risk for both.
Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

So here's some simple cycle

1. Dyor
2. Choose which coin
3. Set out your entry
4. Set out your selling point
5. Repeat those steps above

It all matters with someones action whether you should really be careful or not when choosing up which coins or tokens you would really be investing but we know that the duration
or on how investing do works or how its been done would really be totally different if we do speak about trading. This one involves on facing up the market on active manner and you would
really be facing up that volatility on which it is really that something that you would really be needing to get prepared.

Trading isnt for everyone but doesnt mean that you would really be limiting yourself on dealing with the market because it would hinder also for you to make money
and its true that you would be needing to risk if you do really want to earn because if you dont then you would really be prone into those lots of missed chances or opportunities on making money.

Patrol69
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September 06, 2023, 05:51:56 PM
 #123

Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

Greed is a very difficult thing to control. Man will be able to control his greed on the day when there will be no desire for much. Everyone wants to change their position. You have an investment of 1000 dollars and from that 1000 dollar investment your profit is 200 dollars. You want more profit. When you have more profit, your greed will increase and you will wait more to get more profit. It will appear that your investment has lost instead of profit. Then you will understand your greed. If I had sold my investment when the profit was $200, I might not be at a loss now. There is no point in making a mistake and then realizing it, we must first understand and must control greed. If we can control greed then surely we can do good things.

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carlisle1
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September 06, 2023, 09:14:18 PM
 #124

Investing in any coin involves risk. If you don't take risk, you will never see success. Sometimes we have to choose the coin with our own thinking and then invest. There are some coins which will involve money risk. Which coin to invest in? No. Before investing, it will be safe to check the coins and then invest. After investing, we have to sell the invested coins at the right time. We can't make more profit. If we are greedy, our money will be at risk.

Greed is a very difficult thing to control. Man will be able to control his greed on the day when there will be no desire for much. Everyone wants to change their position. You have an investment of 1000 dollars and from that 1000 dollar investment your profit is 200 dollars. You want more profit. When you have more profit, your greed will increase and you will wait more to get more profit. It will appear that your investment has lost instead of profit. Then you will understand your greed. If I had sold my investment when the profit was $200, I might not be at a loss now. There is no point in making a mistake and then realizing it, we must first understand and must control greed. If we can control greed then surely we can do good things.

Precisely, if you know how to set your target and you are able to execute that kind of target, then it's true that you will manage to make something
good out of this business.

Though it's not easy to control your greed as we all understand that human desire that always aiming for more, you needed to work on it and manage
control.

With that kind of mentality, trading might be a good venue if you can really make it work in terms of controlling your emotions and greed.
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September 06, 2023, 09:37:21 PM
 #125

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.

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September 06, 2023, 10:02:41 PM
 #126

Basically a starter, that's why they called "newbies" right? How can they even understand everything if they are still in the learning process? They won't understand that piece of advice of yours since they are not even experiencing the real pressure in actual crypto trading.

Just let them do what they want in trading since after all, there's a certain factor that acts as their source of trading information why they end up on that said strategy. These newbies are just in the learning phase and they are new to the trading environment.

We don't need to tell them that trading is not for everyone. Later or sooner, there will be newbies that will be realized if they will continue to do trading or not.
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September 07, 2023, 07:24:10 AM
 #127

It is not as if anyone can't do crypto trafing, as much as one is ready to learn trading it will be a good start and their will be a good result from trading.  Trading is not for people who are not ready to learn in trading but just want to make money in trading. People need to understand that having knowledge in trading is the most important tool to get to succeed in trading . People just have the mindset that with money they have if they go into trading they can make profit even without having any knowledge about trading. Trading is not for people that have not hiving anytime on trading to seek for better understanding of trading.

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September 07, 2023, 08:36:24 AM
 #128

Don't forget the patience and perseverance because we know that learning trading will take time, which means you need to be learning it on a daily basis and in a stable way because if not, you'll lose your learning. That is why we need to persevere on doing it as we can't learn it just overnight, even though others are still learning it after a few years. Also, those who are trying to learn will be tested because you thought you would learn the basics, but it turns out you still haven't won because you still haven't established a strategy.
That is the part where everyone is having trouble with. Most people do not like to spend days let alone months on learning something, while learning something to get a college degree takes 4 years for you to be proficient at it enough to graduate and work in that field, people think that they could spend just a few days to learn everything there is about trading. That is not the case at all, I am not saying spend 4 years learning trading before you start to trade, but at least a year would be great, and a year trading with small amounts.

I know even the most veterans may say that is a lot, but would it hurt? I think something like that would be great and could end up helping people out on the long term as well.

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September 07, 2023, 09:55:28 AM
 #129

Don't forget the patience and perseverance because we know that learning trading will take time, which means you need to be learning it on a daily basis and in a stable way because if not, you'll lose your learning. That is why we need to persevere on doing it as we can't learn it just overnight, even though others are still learning it after a few years. Also, those who are trying to learn will be tested because you thought you would learn the basics, but it turns out you still haven't won because you still haven't established a strategy.
That is the part where everyone is having trouble with. Most people do not like to spend days let alone months on learning something, while learning something to get a college degree takes 4 years for you to be proficient at it enough to graduate and work in that field, people think that they could spend just a few days to learn everything there is about trading. That is not the case at all, I am not saying spend 4 years learning trading before you start to trade, but at least a year would be great, and a year trading with small amounts.
Yes, it seems that everyone also knows that learning is the best way to improve knowledge or knowledge, everyone can do it but not everyone wants to do that learning, because honestly I admit it is very boring, especially learning in the field of trading which is very difficult and complicated. I would also say that learning trading is very difficult to learn because in addition to learning like the concept of learning in general but we also have to involve psychological learning there. Yes it is true, most people want to learn even for 4 years in college but I don't think they will be able to consistently learn trading even for a year, although on the other hand it will be very useful and maybe they can become one of the successful ones from several other traders,
and get a lot of profit, although basically it is very difficult to understand but nothing is impossible if they want to try.
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September 07, 2023, 02:39:11 PM
 #130

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Trading can be done by anyone, a person can trade only if he has a certain amount of money in the account in an exchange. Everyone can do trading but not everyone can do trading properly. I made an account in the exchange, deposited some amount of money, bought any coin with that money and sat in the hope of profit like this, but never trading. There are certain rules and regulations of trading as well as there is a lot to know about trading. We need to know about trading first, we need to learn how to trade in such a way that our money will not be at risk. After trading money can be profit or loss so trading is ok for those who can trade with such risk of own money.

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irhact
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September 07, 2023, 08:53:52 PM
 #131

Trading can be done by anyone, a person can trade only if he has a certain amount of money in the account in an exchange. Everyone can do trading but not everyone can do trading properly. I made an account in the exchange, deposited some amount of money, bought any coin with that money and sat in the hope of profit like this, but never trading. There are certain rules and regulations of trading as well as there is a lot to know about trading. We need to know about trading first, we need to learn how to trade in such a way that our money will not be at risk. After trading money can be profit or loss so trading is ok for those who can trade with such risk of own money.

Trading is buying and selling of cryptocurency and everyone that have understanding of cryptocurency and how to buy and sell coins can be said to have traded cryptocurency but there's more to becoming a trader that does trading always for a living. You can buy a coin and hold a coin and later sell it for profit but as a professional trader you have to be able to do this always in hope of making profits and not everyone can do that unless they learnt it properly.

Trading is a skills that we have to learn and become professionals at doing it. If you don't learn how to trade you can't just know how and what you'll be doing is gambling and this is what many traders are doing without knowing untill they have lost much money to the market.

R


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September 07, 2023, 09:35:41 PM
 #132

I definitely agree with you.

Not because some of your friends do it and making some profits doesn't mean you have to do it as well. We all excel in different kind of fields, we only have to figure it out where. Trying trading in futures is not a bad thing, it only becomes bad if you're to mad, greedy, and frustrated every time you lost a trade, that's why you're gonna end up chasing your losses without any effective plans at all.
in a friendship we don't have to always be the same as them, if you don't like and are comfortable trading then you don't need to do that, there are many other ways to make money in crypto, trading requires passion so the loss rate become low.
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September 07, 2023, 10:17:54 PM
 #133

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
That will happen if you don't have knowledge about it which is why we have to study trading first before it. Many people underestimate trading as they think that it is easy and they have witnessed how difficult it is in actual trade.

That is why most trading platforms offer Demo accounts in order to implant trading ideas but still, it was not enough. The truth is that trading is not all about knowledge, it also requires skills, and being good at TA is a great advantage which I see that many traders don't have.

R


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September 07, 2023, 11:54:52 PM
 #134

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Trading on its own is a skill, I don't see any reason why one will think they can just decide to jump into trading without having any knowledge.  Trading is a skill that people needs to give time to get knowledge to know how it should be done to get it done better,  it is impossible to do trading without getting a skill which is knowledge about trading.  Ont thing about trading if you don't have knowledge about it their is nothing to be done about it , making profit from trading is not be luck but by the knowledge one gave gained. Rushing to make money from trading without knowledge is a waste of time.

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September 08, 2023, 02:40:39 AM
 #135

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Right on, trading isn't for everyone but everyone can be an investor and a holder. There's the track for those that are frustrated with trading and that's why you don't have to quit the entire market just because it's not working for you. Those that have experienced and thought that trading is the only way to go have already seen that they've got no future with that. But there's nothing wrong in trying as long as you can afford to lose the money that you're putting there as your capital. While in holding and following the strategies like DCA, you'll just have to endure the painful market for a while and will see how effective it is in the long run. We've been there and done that and that's why it's a good and perfect strategy for those folks that don't like to see themselves lose with their trades. In short, you'll still have to trade but that's only the time you'll do when you're going to buy and take profits.
Yes traders need to learn market analysis and use different strategies to buy any crypto at low price and sell it instantly at high price. Not everyone can do this so not everyone is a trader. But it doesn't take much analysis to hold to invest because no matter how much the price of crypto falls, it recovers again.  So if you hold for a long time, there is very less chance of loss from there. But one thing to note in this case is that you cannot invest in sheet coins. Always focus on the top coins.

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September 08, 2023, 05:43:34 AM
 #136

Yes traders need to learn market analysis and use different strategies to buy any crypto at low price and sell it instantly at high price. Not everyone can do this so not everyone is a trader. But it doesn't take much analysis to hold to invest because no matter how much the price of crypto falls, it recovers again.  So if you hold for a long time, there is very less chance of loss from there. But one thing to note in this case is that you cannot invest in sheet coins. Always focus on the top coins.
I think if a trader trades without understanding about crypto market he can never make profit. Always buy coins at low price and wait to sell at high price. If after investing in a coin the price of the coin goes down then that coin  Do not sell until its price recovers. If we understand a little bit about the crypto market, then we will have many benefits to trade. And while trading, we have to control greed. Due to excess greed, the invested money can be at risk.


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September 08, 2023, 01:57:22 PM
 #137

Yes traders need to learn market analysis and use different strategies to buy any crypto at low price and sell it instantly at high price. Not everyone can do this so not everyone is a trader. But it doesn't take much analysis to hold to invest because no matter how much the price of crypto falls, it recovers again.  So if you hold for a long time, there is very less chance of loss from there. But one thing to note in this case is that you cannot invest in sheet coins. Always focus on the top coins.
I think if a trader trades without understanding about crypto market he can never make profit. Always buy coins at low price and wait to sell at high price. If after investing in a coin the price of the coin goes down then that coin  Do not sell until its price recovers. If we understand a little bit about the crypto market, then we will have many benefits to trade. And while trading, we have to control greed. Due to excess greed, the invested money can be at risk.
Understanding a little bit is not just enough in trading but must become knowledgeable if you want to succeed. We can't just simply think that trading is an easy job but instead, consider this as too risky and hard. While people know the reality of trading, the more they urge themselves to learn more and take it seriously. That is why if we think that we can't do it right, we also don't need to push ourselves because, in the end, we are the ones who suffer losses and regrets. We must stop being jealous of others because they become successful, they are destined to become a trader.

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September 08, 2023, 06:55:35 PM
 #138

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

There is nothing bad in trading because some people are making profits from it day to day, but seriously, it is those that have good knowledge about cryptocurrency that can do it; it is not just what people without knowledge or with little knowledge can do, and that is why some experienced crypto traders are advising newbies to stay away from trading. As a newbie, no matter how fast it can understand something, it may not catch up with all the proper information about trading in short period of time, so newbies are advised to spend more time in the cryptocurrency industry learning from experienced traders so they do not make some silly mistakes that they are not supposed to make when starting trading. It will be discouraging for newbies to start losing in the cryptocurrency industry on their first attempt.
Quote

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.
Yes, the bull run is around the corner, as we are expecting it, and it is going to be a great opportunity if we can hold our Bitcoin till that time and experience it. It will be a regret when we don't have opportunities to benefit from the next bull market by just wasting our funds on trading, which you don't have much knowledge about as newbies. I think it will be easier for newbies to start trading in the bull market because it time when coins are moving up.


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September 08, 2023, 07:59:39 PM
 #139

Without any doubt, trading is not for everyone. Even though a lot have the desire to enter crypto trading for the sake of exceptional profits, but always remember that only capable and efficient traders end up profiting, the rest are just messing the market.This is why never trade if you think you have nothing to prove, since trading is never measured with luck but it's always been skills and strategies based. If you don't have what it takes to be a good and profitable trader, then never enter into trading and take some bigger risks.
That's right, in trading the discipline factor really influences the final results, before becoming a trader, ask yourself whether you are ready for all the discipline that must be applied, because what is at stake when trading is your money.
getting money is the classic reason people trade, never trade if you really can't do the above, it will be fatal (lose all your money) if you are not disciplined, lazy and unstable.
remember that trading is not the only way in this world to double your money, if you have heard the term there are many roads to Roma (earn money) then it is true  Wink

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September 08, 2023, 08:32:11 PM
 #140

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Right on, trading isn't for everyone but everyone can be an investor and a holder. There's the track for those that are frustrated with trading and that's why you don't have to quit the entire market just because it's not working for you. Those that have experienced and thought that trading is the only way to go have already seen that they've got no future with that. But there's nothing wrong in trying as long as you can afford to lose the money that you're putting there as your capital. While in holding and following the strategies like DCA, you'll just have to endure the painful market for a while and will see how effective it is in the long run. We've been there and done that and that's why it's a good and perfect strategy for those folks that don't like to see themselves lose with their trades. In short, you'll still have to trade but that's only the time you'll do when you're going to buy and take profits.
Yes traders need to learn market analysis and use different strategies to buy any crypto at low price and sell it instantly at high price. Not everyone can do this so not everyone is a trader. But it doesn't take much analysis to hold to invest because no matter how much the price of crypto falls, it recovers again.  So if you hold for a long time, there is very less chance of loss from there. But one thing to note in this case is that you cannot invest in sheet coins. Always focus on the top coins.
Not to be able to do so doesnt mean that its not really completely for you but instead it is something a skill that needs to be worked on and get some experience via actual dealing within the market.
It is really just that there are people who do easily give up and there are those people who do persevere on whatever things that they do really have in mind or what their goal or target is. We do know that
this market is unpredictable and there's no way that you could really be able to know on where it would be going.Therefore, chances for you to be able to experience those losses are really that common.

The thing on here is that you do know on how to make out adjustments and would act accordingly. There are really just those people who are really that rushing into things when it comes
on making money and this what makes them impulsive on the time that they would really be trying out to engage on the likes of trading, they do expect and hope that much
without even trying to think on whats the real deal.

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September 08, 2023, 08:57:20 PM
 #141

Some people find trading easy where they only need to buy low and sell high. But in reality it is not as easy as they think – especially without good knowledge.
In theory, it is easy (entry at low price, exit at higher price).  Wink
People forget that many factors can influence the change of crypto prices. Crypto price is very volatile, it can be easily influenced by many factors. When the price drop significantly, people who has no knowledge probably do panic selling. They do "exit" on the wrong time because they don't know what the best option to do. By having good knowledge, people can deal with that situation.

Knowledge, experience and ability are some of the things that support the success or failure of a trader. They have to know enough about what coin they are choosing - they have to be experienced in dealing with the market - they also have to be able to do analysis. All of that is necessary and related to one another so that the trading plan goes according to plan.
Indeed. Those are 3 important things which determine the success/failure of a trader. Sure, those have big role for the coin selection, they are also determining the trading strategy, and they lead a trader to analyze the right time for exit (take profits). Also, those can influence much on the mentality of the trader. A strong mentality of trader is the reflection of his good knowledge and experience.


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September 08, 2023, 09:21:10 PM
 #142

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.

R


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September 08, 2023, 10:00:01 PM
 #143

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.
Trading without knowledge will end up like gambling but yes, there are only two possible results either win or lose. But in the situation that we have no trading experience, knowledge, or skill, bigger chances that we will lose. That is why if we want to become successful, we also have to spend more time learning to trade and work hard for it or else, help ourselves to accept that trading is not for us as it is impossible it works if we don't. We must know that the only way to earn a profit from trading is to enhance our capabilities as well which I see many traders feel it just easy.



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September 08, 2023, 11:32:28 PM
 #144

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
the fact that many people out there seem to think that trading is just technical analysis is a big misconception here, so many factors that could affect trading in general, like news and even some internal manuever there's just so much things should be taken into account that I don't think any individual re able to sustain trading for long time without sufficient supply of information about the project itself.
realistically speaking when beginner began their trading journey, they would be shocked by the fact that market will not always goes in line with their learned knowledge from some trading tutorials and knowledge book.
instead the market sometime just move as it wants based on purely demand and supply alone.
thats the thing with trading that I think majority should know beforehand when it comes to making career in this field in the first place.

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September 09, 2023, 12:29:16 AM
 #145

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.
Trading without knowledge will end up like gambling but yes, there are only two possible results either win or lose. But in the situation that we have no trading experience, knowledge, or skill, bigger chances that we will lose. That is why if we want to become successful, we also have to spend more time learning to trade and work hard for it or else, help ourselves to accept that trading is not for us as it is impossible it works if we don't. We must know that the only way to earn a profit from trading is to enhance our capabilities as well which I see many traders feel it just easy.

Having better understanding can give you good chance to earn from this venue of business, unlike without any knowledge about
trading your chance is really slim compared to that chance of getting wrecked out.

Trading is for people who have that patience and better understanding of situational awareness.

You just can't place your investment without knowing how the business works, as there are many factors that affects the whole
industry that you need to learn and understand.
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September 09, 2023, 12:04:17 PM
 #146

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.
The kind of feeling some people have towards trading, they feel too entitled to get gain in trading so far as they have the capital to start trading, they just have the believe that they  do not need knowledge to start, they can start and make profit with trying by luck. Trading is complicated no doubt about this, to get used to it and overcome lose it is very necessary to acquire knowledge because their is no way profit can be  made in trading from luck. It is easy to  lose money in trading when their is no knowledge to do trading, it is important to seek for knowledge first before entering the  market.

R


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September 09, 2023, 01:31:13 PM
 #147

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Its true trading is not for everyone .Especially when you are a newbie you have to learn more thing concern trading .Usually trading is a platform where you can get profit when you have more experience behind it .Even a professional trader can make losses so that you have to be more careful when you are mostly new here .Usually its happen when a newbie enter on the marke and see up and down, if he/she get a profit for the first time he/she think he/she can earn a lot from this market gradually he/she lost his everything .So like you i also wanna suggest you to follow the market try to learn each and everything for all of the source you have and after getting a good experience start with a small fund .If you don’t have much patience and not to keen learn then you can go with DCA .Hopefully you can earn and not loose all of your fund .Just remind trading is always risky DYOR.

letteredhub (OP)
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September 09, 2023, 02:12:46 PM
 #148

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.
For something not to be guaranteed a chance mindless of how many years of training, study and experience you must've covered in that field then it can't be said of that thing to be overrated it therefore deserves the flagging it's is giving by the crowd.  The overrating giving to trading is what sends the red signals to newbies that it is not something that you can move in overnight and start making profits as they might think. Gambling don't require years of studying to be in profit as a gambler all you mostly need is luck, and this is not what is found with trading that's why it merits the overrating it gets. Don't you think so?

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September 09, 2023, 02:45:04 PM
 #149

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.
Trading without knowledge will end up like gambling but yes, there are only two possible results either win or lose. But in the situation that we have no trading experience, knowledge, or skill, bigger chances that we will lose. That is why if we want to become successful, we also have to spend more time learning to trade and work hard for it or else, help ourselves to accept that trading is not for us as it is impossible it works if we don't. We must know that the only way to earn a profit from trading is to enhance our capabilities as well which I see many traders feel it just easy.
Those who trade without any knowledge leave the profit to their luck. And anything that depends on luck is considered gambling. Trading is a type of business. Only digital coins are bought and sold here. and in business any physical product is bought and sold. a person needs to adopt various new strategies and have a good knowledge about business to be successful in business. these also require to trading. A person who depends on others and only continue copy trading ,and has no own knowledge about trading. he/she can never successfull on trade. and if successful then it is due to his luck and this matter can be considered as gambling

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September 09, 2023, 02:57:01 PM
 #150

The kind of feeling some people have towards trading, they feel too entitled to get gain in trading so far as they have the capital to start trading, they just have the believe that they  do not need knowledge to start, they can start and make profit with trying by luck. Trading is complicated no doubt about this, to get used to it and overcome lose it is very necessary to acquire knowledge because their is no way profit can be  made in trading from luck. It is easy to  lose money in trading when their is no knowledge to do trading, it is important to seek for knowledge first before entering the  market.
If you have capital, then perhaps it will help you gain the necessary experience through practice, but this will not add much knowledge, and you may have to spend almost everything you had on it. Even if luck helps you make a profit in several trades, then in the long run everything will fall into place, since luck alone is not enough in trading to achieve good results. Ultimately it will all come down to the fact that successful trading requires very good knowledge, without knowledge it will almost certainly be a waste of your time and money.

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usekevin
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September 09, 2023, 03:46:17 PM
 #151

Crypto trading need of huge patience in the trade,their may be huge fall in the crypto price.The fall favour all the good or bad coin in a same way in the bear market.If you are not ready to hold at the bear market,you can quit trading now.No need to worry about the bear market,every thing can be recovered in the short period.if the trader had enough money,he can initially do the passive trading.Then analysis the market movement for the period of six months.If the market is fully analysed by the trader,he can rule the next six month of trading.

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September 09, 2023, 03:50:24 PM
 #152

The kind of feeling some people have towards trading, they feel too entitled to get gain in trading so far as they have the capital to start trading, they just have the believe that they  do not need knowledge to start, they can start and make profit with trying by luck. Trading is complicated no doubt about this, to get used to it and overcome lose it is very necessary to acquire knowledge because their is no way profit can be  made in trading from luck. It is easy to  lose money in trading when their is no knowledge to do trading, it is important to seek for knowledge first before entering the  market.
If you have capital, then perhaps it will help you gain the necessary experience through practice, but this will not add much knowledge, and you may have to spend almost everything you had on it. Even if luck helps you make a profit in several trades, then in the long run everything will fall into place, since luck alone is not enough in trading to achieve good results. Ultimately it will all come down to the fact that successful trading requires very good knowledge, without knowledge it will almost certainly be a waste of your time and money.
If we have a good capital, we can earn a good profits from the market even though we don't know how to trade. The are companies that trade for people if we know the genuine because there are many fake trading companies that can promise heaven and earth and still do away with our money. Capital is one of the things that help a trader to earn more from the market especially if our Capital is huge.
 Those who trade with bigger Capital tend to make big profits from the market if they are always profitable but if luck could not jam them then loses can be incurred.









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September 09, 2023, 04:00:40 PM
 #153

Crypto trading need of huge patience in the trade,their may be huge fall in the crypto price.The fall favour all the good or bad coin in a same way in the bear market.If you are not ready to hold at the bear market,you can quit trading now.No need to worry about the bear market,every thing can be recovered in the short period.if the trader had enough money,he can initially do the passive trading.Then analysis the market movement for the period of six months.If the market is fully analysed by the trader,he can rule the next six month of trading.
Patience is the biggest key in crypto trading. Because one who has no patience and who panics very quickly and in this case he cannot hold crypto for long and that's why he never achieves anything big. Cryptos are capable of delivering profits quickly but this rarely happens. Everything has a circle that needs a certain time to complete. so patience is also required in crypto trading. No one can succeed without patience be it in crypto or anything else


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September 09, 2023, 04:43:36 PM
 #154

Crypto trading requires a lot of patience that not everyone has. Those who do not have patience will never be able to stay invested. Impatient people think everything will go their way and that too quickly. Impatient people or those traders who can't risk money will never think about losing money, they will just wait to take part of the profit from the market, but whenever they lose money, they will become very restless and monitor the market from time to time and many times. They will think too much so that their brain will signal them to sell the investments and they will sell their investments even in the condition of loss, as a result of which it will be seen that in every investment they have lost more money than profit. To avoid this loss we must have a lot of patience as well as the ability to take risks.

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September 09, 2023, 08:27:18 PM
 #155

If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
DCA doesn’t really mean you taking advantage of the dip. Yeah, you could DCA when the market dips but, it ain’t limited to the dip. In fact, one can even DCA at an ATH.
DCA bridges the gap between having a specific timing to increasing of your portfolio. It keeps you off the charts to find the best price but, makes you an opportunistic investor who is dependent on what funds is available to invest in between at any time your finance allows.

It is good to buy and hodl but, not overly waiting on the dip to do that. You could always buy wherever and whenever.

Quote
You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy
Trading is still sending a lot more home today but most persons choose not to see that. Some just needs to find out the hard way why others are just being wrongly motivated by not knowing when to quit. Just hope there life don’t get ruined and they get to put the blame on cryptos before realizing when or where they took the wrong decision.

R


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September 09, 2023, 10:16:56 PM
 #156

The kind of feeling some people have towards trading, they feel too entitled to get gain in trading so far as they have the capital to start trading, they just have the believe that they  do not need knowledge to start, they can start and make profit with trying by luck. Trading is complicated no doubt about this, to get used to it and overcome lose it is very necessary to acquire knowledge because their is no way profit can be  made in trading from luck. It is easy to  lose money in trading when their is no knowledge to do trading, it is important to seek for knowledge first before entering the  market.
If you have capital, then perhaps it will help you gain the necessary experience through practice, but this will not add much knowledge, and you may have to spend almost everything you had on it. Even if luck helps you make a profit in several trades, then in the long run everything will fall into place, since luck alone is not enough in trading to achieve good results. Ultimately it will all come down to the fact that successful trading requires very good knowledge, without knowledge it will almost certainly be a waste of your time and money.
If we have a good capital, we can earn a good profits from the market even though we don't know how to trade. The are companies that trade for people if we know the genuine because there are many fake trading companies that can promise heaven and earth and still do away with our money. Capital is one of the things that help a trader to earn more from the market especially if our Capital is huge.
 Those who trade with bigger Capital tend to make big profits from the market if they are always profitable but if luck could not jam them then loses can be incurred.
Why would you wanna have someone else trading for you when you can do that yourself by devoting your time and mental energy to learning how to trade yourself. Considering the risk of falling into a fraudulent trading company that can disappear with my money is what I can't live with.

Another thing is that, it's a fallacy to believe that those with bigger capital makes the most profit out of trading. Your profit does rely on the amount of capital but on your strategy, skil based on experience. There are whales that have lost their million to trading due to wrong strategy and analysis of the market before execution .  Trading isn't about luck, 99% chances of you making profits in trading heavily depends on your level of trading skill and experience, while the 1% is left to luck maybe.

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September 10, 2023, 10:40:27 AM
 #157

If we have a good capital, we can earn a good profits from the market even though we don't know how to trade. The are companies that trade for people if we know the genuine because there are many fake trading companies that can promise heaven and earth and still do away with our money. Capital is one of the things that help a trader to earn more from the market especially if our Capital is huge.
 Those who trade with bigger Capital tend to make big profits from the market if they are always profitable but if luck could not jam them then loses can be incurred.
I think if we are talking about large capitals, then it is no longer about trading, but about investing. If I have enough money that I can be financially independent, then I will not waste time on trading, I will just buy bitcoins and wait for the bull market and think that the profit I will make will be quite large, compared to what I I could make money in trading and at the same time I didn’t waste my time on trading, I just did what I liked. This is the advantage of large capital.

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Jody.Drummer
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September 10, 2023, 05:58:03 PM
 #158

If we have a good capital, we can earn a good profits from the market even though we don't know how to trade. The are companies that trade for people if we know the genuine because there are many fake trading companies that can promise heaven and earth and still do away with our money. Capital is one of the things that help a trader to earn more from the market especially if our Capital is huge.
 Those who trade with bigger Capital tend to make big profits from the market if they are always profitable but if luck could not jam them then loses can be incurred.
I think if we are talking about large capitals, then it is no longer about trading, but about investing. If I have enough money that I can be financially independent, then I will not waste time on trading, I will just buy bitcoins and wait for the bull market and think that the profit I will make will be quite large, compared to what I I could make money in trading and at the same time I didn’t waste my time on trading, I just did what I liked. This is the advantage of large capital.

Well that makes sense, if you do have a large enough capital there is nothing wrong if you want to divert that capital to other alternatives such as buying bitcoin in large quantities and getting a lot of profit in the future. According to some people maybe this is a very good alternative with large capital, I'm not saying this is a bad choice but don't let you come because of the huge profits that exist in bitcoin, or because you see many professionals who have benefited with large amounts. In my opinion the market is still the same and all markets, especially in bitcoin, also move very volatile and with this it could be in addition to large profits but you can also lose large amounts of money. it is very possible, so that means that large profits will always be followed by large risks too, whether it's in bitcoin or in any asset you think looks attractive.

But yes if you really like it then go ahead because there is no prohibition whatsoever that prevents you, but I hope you will remain firm with the plans that you have made carefully, and still always have good risk management so that your losses do not exceed the amount of your profits.

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September 10, 2023, 08:20:24 PM
 #159

If we have a good capital, we can earn a good profits from the market even though we don't know how to trade. The are companies that trade for people if we know the genuine because there are many fake trading companies that can promise heaven and earth and still do away with our money. Capital is one of the things that help a trader to earn more from the market especially if our Capital is huge.
 Those who trade with bigger Capital tend to make big profits from the market if they are always profitable but if luck could not jam them then loses can be incurred.
I think if we are talking about large capitals, then it is no longer about trading, but about investing. If I have enough money that I can be financially independent, then I will not waste time on trading, I will just buy bitcoins and wait for the bull market and think that the profit I will make will be quite large, compared to what I I could make money in trading and at the same time I didn’t waste my time on trading, I just did what I liked. This is the advantage of large capital.

Well that makes sense, if you do have a large enough capital there is nothing wrong if you want to divert that capital to other alternatives such as buying bitcoin in large quantities and getting a lot of profit in the future. According to some people maybe this is a very good alternative with large capital, I'm not saying this is a bad choice but don't let you come because of the huge profits that exist in bitcoin, or because you see many professionals who have benefited with large amounts. In my opinion the market is still the same and all markets, especially in bitcoin, also move very volatile and with this it could be in addition to large profits but you can also lose large amounts of money. it is very possible, so that means that large profits will always be followed by large risks too, whether it's in bitcoin or in any asset you think looks attractive.

But yes if you really like it then go ahead because there is no prohibition whatsoever that prevents you, but I hope you will remain firm with the plans that you have made carefully, and still always have good risk management so that your losses do not exceed the amount of your profits.

It's fine to trade or invest huge capital but you also have to make sure that you're willing to deal with the possible risks as you know that the volatility of the market is really unpredictable and even professional traders fail as well. You have to make sure that you could afford to lose the capital that you will be using because that's how trading and investing works.
However, if you seek assurance, you could pick Bitcoin but it will take a long run before you make a huge amount of profit out of your capital. It will surely be challenging and it really need patient but what important is you're willing to take the risks and you are knowledgeable about how trading and investing works.
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September 10, 2023, 08:53:15 PM
 #160

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Life as a whole, not only in trading. It is advised not to follow the crowd because what appears to be effective for Mr. A could not be effective for Mr. B. It's always a good idea to stick to what you're good at.
In other words, trading is not for everyone. Do what works for you. If it is to invest in bitcoin for a long time profits do it. At least it is far better than engaging in trading when you are not 100% sure of its profits-making per day, not to talk of the emotional trauma to face when you lose your money out of greed or following the wrong signal

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Fuso.hp
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September 10, 2023, 09:15:01 PM
 #161

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.
We can compare gambling with futures trading. Spot trading is generally not like gambling, spot trading is like normal investing. 

In futures trading there is a liquidation limit if the market ever reaches below or above the liquidation then you will definitely lose your money in a moment. Liquidation depends on how many times you are trading for profit. The higher 'x' you take futures trading the lower your liquidation will be and at some point you will lose your money due to market volatility. We can directly compare futures trading to gambling because of the possibility of losing money in an instant. 

Futures trading is very risky so it is not suitable for a common investor. A common investor can initially start his journey through spot trading.

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September 10, 2023, 09:59:22 PM
Last edit: September 10, 2023, 10:31:28 PM by dunfida
 #162

Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
Believe me mate, I have been there and also tried it out and yes as you say it's really overrated and many people just go into this act thinking they can make easy cash which is quite the opposite and if I might compare it I think I will compare it to a gambling but the only difference about the two is that in trading if you are sound in years of training and study of the candle sticks and market flow then you might have a slight chance of making something out of the act of trading but there is still no guarantee to this.
We can compare gambling with futures trading. Spot trading is generally not like gambling, spot trading is like normal investing.  

In futures trading there is a liquidation limit if the market ever reaches below or above the liquidation then you will definitely lose your money in a moment. Liquidation depends on how many times you are trading for profit. The higher 'x' you take futures trading the lower your liquidation will be and at some point you will lose your money due to market volatility. We can directly compare futures trading to gambling because of the possibility of losing money in an instant.  

Futures trading is very risky so it is not suitable for a common investor. A common investor can initially start his journey through spot trading.
Futures trading = gambling i should say!  Tongue

Trading isnt for anyone on which only to those who could really be able to sustain themselves on dealing with this volatile market could really be able to last that long or years but it doesnt mean that you should not try.
This is why people would really be that persevering on trying out trading but most of the time on the moment that they do start up on which they are really having those kind of impressions that its just that easy
but as said that not all who do decide on making trades do really end up on having a positive kind of career on which there are really that those who quit up because they cant just bare up the volatility which this isn't a shocking thing i should say.

Trading is hard, trading does involved emotion and psychological specially on playing with market volatility.If you are a type of person whose really that not good with these aspects
then this market isnt for you but well you would be finding out for yourself personally on the time that you do make out some trades.

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September 10, 2023, 11:28:54 PM
 #163

Trading without knowledge will end up like gambling but yes, there are only two possible results either win or lose. But in the situation that we have no trading experience, knowledge, or skill, bigger chances that we will lose.
Of course, when we trade with no proper knowledge and lack of skills, probably will end up with loses. Trading requires good knowledge and skills, it is the basic thing needed. Without them, trading will be almost the same as gambling because nothing to rise the chance for the success. Gambling with a random way probably has no clear goal, we seems like only trading by relying on the luck only. If we rely on the luck, there is nothing different with gambling.

That is why if we want to become successful, we also have to spend more time learning to trade and work hard for it or else, help ourselves to accept that trading is not for us as it is impossible it works if we don't. We must know that the only way to earn a profit from trading is to enhance our capabilities as well which I see many traders feel it just easy.
Indeed. There will be no success if we don't want to spend time for learning. Success in trading can't be achieved instantly, it needs time and process. Be an experienced trader first if we want to expect for success.  Wink


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September 11, 2023, 05:36:27 AM
 #164

Crypto trading need of huge patience in the trade,their may be huge fall in the crypto price.The fall favour all the good or bad coin in a same way in the bear market.If you are not ready to hold at the bear market,you can quit trading now.No need to worry about the bear market,every thing can be recovered in the short period.if the trader had enough money,he can initially do the passive trading.Then analysis the market movement for the period of six months.If the market is fully analysed by the trader,he can rule the next six month of trading.
To do crypto trading we need to have a good idea about the crypto market. Crypto market is in a lot of dumping now. Now we should invest in all altcoins including bitcoin. But if we can invest in some good coin for long term it is very profitable for us.  But while trading, we always have to be patient and understand the market condition, then we have to buy the coins and sell the coins at the right time.


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September 11, 2023, 09:24:12 AM
 #165

Well that makes sense, if you do have a large enough capital there is nothing wrong if you want to divert that capital to other alternatives such as buying bitcoin in large quantities and getting a lot of profit in the future. According to some people maybe this is a very good alternative with large capital, I'm not saying this is a bad choice but don't let you come because of the huge profits that exist in bitcoin, or because you see many professionals who have benefited with large amounts. In my opinion the market is still the same and all markets, especially in bitcoin, also move very volatile and with this it could be in addition to large profits but you can also lose large amounts of money. it is very possible, so that means that large profits will always be followed by large risks too, whether it's in bitcoin or in any asset you think looks attractive.

But yes if you really like it then go ahead because there is no prohibition whatsoever that prevents you, but I hope you will remain firm with the plans that you have made carefully, and still always have good risk management so that your losses do not exceed the amount of your profits.

It's fine to trade or invest huge capital but you also have to make sure that you're willing to deal with the possible risks as you know that the volatility of the market is really unpredictable and even professional traders fail as well. You have to make sure that you could afford to lose the capital that you will be using because that's how trading and investing works.
Yes that's right because the point is back to each of us who run it, any investment that looks like very profitable but still everything is the same, I mean you need a lot of good plans and also as you said the most important risk management, because it's useless even though for example you really believe in the benefits but you don't have self-control or proper risk management such as always installing stop los and also take profit it's the same the end result might be worse than you imagine. Especially as I said before that the market moves very volatile and it is almost impossible for us to predict 100% accurately there, okay now you might be for but a few hours later your position could be reversed, and that's the real risk. So yes with good planning it will be able to balance our profits and losses, but well like generally they are definitely more likely to increase their profits than losses in the way they can. I hope you succeed there, and do it consistently.



However, if you seek assurance, you could pick Bitcoin but it will take a long run before you make a huge amount of profit out of your capital. It will surely be challenging and it really need patient but what important is you're willing to take the risks and you are knowledgeable about how trading and investing works.

Well this is the main point, if you have a large capital and choose to allocate your capital for bitcoin investment compared to trading as in general it may be true that it will take a long time until you can get a big profit in the future, and the point is whether you can wait patiently or not. On the other hand, in my opinion, patience is not only needed to wait for profits from bitcoin but maybe other types of investments are the same,
if you have full patience and are also based on good planning then surely the results can also be in accordance with expectations.

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September 12, 2023, 09:30:00 AM
 #166

To do crypto trading we need to have a good idea about the crypto market. Crypto market is in a lot of dumping now. Now we should invest in all altcoins including bitcoin. But if we can invest in some good coin for long term it is very profitable for us.  But while trading, we always have to be patient and understand the market condition, then we have to buy the coins and sell the coins at the right time.

People don't have any concept but wish to be successful as a findings of which the success become very hard for them. Trading does not necessarily gives you worthy results so try to go in for learning about trading whether you become a part  of it or not because this learning will provide a base for your success when the state of affairs will against you.

We can invest in bitcoin without any thoughts related to defeat but in case of other altcoins we have no idea that how long it will be present in crypto space therefore do not think that investment is safe as investment is risky too but we can reduces this risk by choosing one of the best coin.
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September 12, 2023, 10:50:39 AM
 #167

I think if we are talking about large capitals, then it is no longer about trading, but about investing. If I have enough money that I can be financially independent, then I will not waste time on trading, I will just buy bitcoins and wait for the bull market and think that the profit I will make will be quite large, compared to what I I could make money in trading and at the same time I didn’t waste my time on trading, I just did what I liked. This is the advantage of large capital.
It's just a matter of choosing which one is suitable, trading or long-term investment. Having large capital is one of the plus points that can be utilized so that you can enter into any project. Buy bitcoin and hold it or make quick trades on high volume altcoins. Benefits can actually be obtained from anywhere. If I have large capital then I will do some trades and also buy bitcoin and Ethereum for the long term. it is quite comparable and trading also requires good analytical skills. Stay away from trading if you don't have basic knowledge or reliable analysis.
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September 12, 2023, 11:16:56 AM
 #168

I think if we are talking about large capitals, then it is no longer about trading, but about investing. If I have enough money that I can be financially independent, then I will not waste time on trading, I will just buy bitcoins and wait for the bull market and think that the profit I will make will be quite large, compared to what I I could make money in trading and at the same time I didn’t waste my time on trading, I just did what I liked. This is the advantage of large capital.
It's just a matter of choosing which one is suitable, trading or long-term investment. Having large capital is one of the plus points that can be utilized so that you can enter into any project. Buy bitcoin and hold it or make quick trades on high volume altcoins. Benefits can actually be obtained from anywhere. If I have large capital then I will do some trades and also buy bitcoin and Ethereum for the long term. it is quite comparable and trading also requires good analytical skills. Stay away from trading if you don't have basic knowledge or reliable analysis.

That last statement values the most. Having good analytical skills and being keen on learning more will give you opportunities to earn from
this venue of investment, not for all but with your determination, your chance will be good.

It's more about how you take the risk and how good you are in understanding every situation that the business will bring you.

Not for someone who got the kind of mindset that it's a quick way to earn money and it will change your life if luck permits.
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September 12, 2023, 01:35:45 PM
 #169

Trading without knowledge will end up like gambling but yes, there are only two possible results either win or lose. But in the situation that we have no trading experience, knowledge, or skill, bigger chances that we will lose.
Of course, when we trade with no proper knowledge and lack of skills, probably will end up with loses. Trading requires good knowledge and skills, it is the basic thing needed. Without them, trading will be almost the same as gambling because nothing to rise the chance for the success. Gambling with a random way probably has no clear goal, we seems like only trading by relying on the luck only. If we rely on the luck, there is nothing different with gambling.

That is why if we want to become successful, we also have to spend more time learning to trade and work hard for it or else, help ourselves to accept that trading is not for us as it is impossible it works if we don't. We must know that the only way to earn a profit from trading is to enhance our capabilities as well which I see many traders feel it just easy.
Indeed. There will be no success if we don't want to spend time for learning. Success in trading can't be achieved instantly, it needs time and process. Be an experienced trader first if we want to expect for success.  Wink

Trading is meant for everyone who knows or understand how to do it, it has its own way of doing it if we understand how to trade, it's interesting and easy to learn, everyone can learn to do it if we think we can cope while learning and also take the risk involved, trading is not a means of letting us loose our money, we only engage in making trades to exchange currencies and pairs and predict the market, also on the same view, we are to understand that trading is not gambling, trading is an investment even though we are taking risk in doing it.

.
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September 12, 2023, 02:00:49 PM
 #170

<snip>
nice advice for new traders, they come to trading thinking, i will make 5%-10% profit per day by using leverage, but in trading very low percentage of people can make profits consistently,
beginners used to think i am too smart i will win from the market but they blow their accounts many times, and do not take the truth that trading is not for them, some go in depression after losing so much money,
and wasting their time. it's better to hold for long term it will be more profitable then trading.
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September 12, 2023, 05:21:53 PM
 #171

Trading is certainly not for everyone especially since the numbers show that only 1% of traders are actually profitable  Roll Eyes

But then again skills like trading aren't airdropped at any of us... Someone has to practice, fail , practice again until they master this art and it all starts from being a beginner in this art regardless of the outcome. Besides the road to success is sometimes through failure, and giving up because you failed once shouldn't be the reason for not giving it another try, but should trading negatively affect your health, and financial wellbeing then it is a valid reason to give up!!!

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Agreed, it's not always the majority that gets to make the right decisions...sometimes it's about defying the odds to go for what works for you Cool

R


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September 12, 2023, 06:34:35 PM
 #172

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Crypto trading is risky work you will ever do In my view you have to take steps very carefully and wisely. If you are a newbie and want to invest and you have no experience we suggest that you follow the path by buying and then holding for the correct time. You have no care of market fluctuation either it's up or down you just leave your fund for some time. Another is to use DCA in which the risk of losing your assets is very low and you can add funds on a weekly or monthly basis and then wait for the bull market, When it comes then sell your assets it will give you more profits.
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September 12, 2023, 06:49:10 PM
 #173

I think if we are talking about large capitals, then it is no longer about trading, but about investing. If I have enough money that I can be financially independent, then I will not waste time on trading, I will just buy bitcoins and wait for the bull market and think that the profit I will make will be quite large, compared to what I I could make money in trading and at the same time I didn’t waste my time on trading, I just did what I liked. This is the advantage of large capital.
It's just a matter of choosing which one is suitable, trading or long-term investment. Having large capital is one of the plus points that can be utilized so that you can enter into any project. Buy bitcoin and hold it or make quick trades on high volume altcoins. Benefits can actually be obtained from anywhere. If I have large capital then I will do some trades and also buy bitcoin and Ethereum for the long term. it is quite comparable and trading also requires good analytical skills. Stay away from trading if you don't have basic knowledge or reliable analysis.

That last statement values the most. Having good analytical skills and being keen on learning more will give you opportunities to earn from
this venue of investment, not for all but with your determination, your chance will be good.

It's more about how you take the risk and how good you are in understanding every situation that the business will bring you.

Not for someone who got the kind of mindset that it's a quick way to earn money and it will change your life if luck permits.
Would really takes time and tons of effort on making yourself do able to sustain this unpredictable space and not all would really be having that courage and perseverance on dealing up with this market for too long specially if you are that someone who arent prepared nor not really that ready on facing a volatile and unpredictable market. Dont make yourself that easily give up just because you are really that struggling on things which it would really be just that normal that you would really be facing up those challenges because if this market or trading is really that simple to deal with then all of us would really be that rich by now already and would be commonly be trading just because it does really give out that kind of sure opportunity on changing our lives for the better. I do somewhat agree on some comments on here on which there are really things which arent meant for us no matter on how hard we do try and it did take a long time but still ending up on negative results on which it is really that something that would really be that normal but making out adjustments will really be your part on doing so and wont be easily be giving up and this is where some people do keep on going on and continuing despite of those conditions which does really shows that they are really that serious on dealing with this market.

R


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doomloop
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September 14, 2023, 04:01:20 PM
 #174

nice advice for new traders, they come to trading thinking, i will make 5%-10% profit per day by using leverage, but in trading very low percentage of people can make profits consistently,
beginners used to think i am too smart i will win from the market but they blow their accounts many times, and do not take the truth that trading is not for them, some go in depression after losing so much money,
and wasting their time. it's better to hold for long term it will be more profitable then trading.
Failure shouldn't be a reason for us to give up, however, I don't recommend newbie investors to get into futures trading right after entering the market because it is extremely risky and only those that have a lot of knowledge and experience about the market can actually get success in it. So someone who is just starting their journey with cryptocurrencies should start with the spot market where they can buy and sell cryptocurrencies without leverage and margins, etc.

And even for starting with spot market, one needs to gather enough information and knowledge so that they don't invest their money in the wrong cryptocurrencies. So, it's always important to first learn the basics and then get into the practical work, especially if you are entering a financial market.

terrific
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September 14, 2023, 10:09:59 PM
 #175

Crypto trading is risky work you will ever do In my view you have to take steps very carefully and wisely. If you are a newbie and want to invest and you have no experience we suggest that you follow the path by buying and then holding for the correct time. You have no care of market fluctuation either it's up or down you just leave your fund for some time. Another is to use DCA in which the risk of losing your assets is very low and you can add funds on a weekly or monthly basis and then wait for the bull market, When it comes then sell your assets it will give you more profits.
It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.


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OrangeII
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September 15, 2023, 06:50:25 AM
 #176

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.
However, we are all aware that this job is a very risky job, and we need income from elsewhere to keep us on a steady income. Trading does have great potential to increase our finances, but the opposite also applies. Because of this, there is a lot of advice from people who have been in trading for a long time such as using money that doesn't change our lives when it is lost, or this is work with a high level of patience, or this work is done by conducting analysis and a deep level of research. . Very many people who don't meet the requirements try it and fail. therefore, this job is not for everyone.


.SWG.io.













..Pre-Sale is LIVE at $0.15..







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carlisle1
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September 15, 2023, 07:53:41 AM
 #177

Crypto trading is risky work you will ever do In my view you have to take steps very carefully and wisely. If you are a newbie and want to invest and you have no experience we suggest that you follow the path by buying and then holding for the correct time. You have no care of market fluctuation either it's up or down you just leave your fund for some time. Another is to use DCA in which the risk of losing your assets is very low and you can add funds on a weekly or monthly basis and then wait for the bull market, When it comes then sell your assets it will give you more profits.
It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

If they don't have that knowledge better to stay with long-term type of assets, it's better to hold while learning the process. It's not an easy
journey as there are many factors that may affect you when you are dealing with trading.

As newbie, it's always a big puzzle when to buy and when to sell as there's always a quick fluctuation that will really hurt your investment
when something unexpected happens, you might sell at the wrong time as you think that you will lose everything.
Fuso.hp
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September 15, 2023, 09:06:05 AM
 #178

Crypto trading need of huge patience in the trade,their may be huge fall in the crypto price.The fall favour all the good or bad coin in a same way in the bear market.If you are not ready to hold at the bear market,you can quit trading now.No need to worry about the bear market,every thing can be recovered in the short period.if the trader had enough money,he can initially do the passive trading.Then analysis the market movement for the period of six months.If the market is fully analysed by the trader,he can rule the next six month of trading.
To do crypto trading we need to have a good idea about the crypto market. Crypto market is in a lot of dumping now. Now we should invest in all altcoins including bitcoin. But if we can invest in some good coin for long term it is very profitable for us.  But while trading, we always have to be patient and understand the market condition, then we have to buy the coins and sell the coins at the right time.
At the moment the Bitcoin market is heavily dumping which has affected other coins in the crypto market. Since the market has been in a downward trend for a long time, it is definitely a good plan to invest in other coins including Bitcoin at this time. There are some other coins including Bitcoin in which long-term investment is possible to achieve good things in the future, long-term investment in Bitcoin as well as trading in various ALT coins by understanding the market, if the trading is done correctly, then surely an investor can profit from this market. However, no matter what trading or investment we do, we must have sufficient understanding about this before, in addition to having sufficient understanding, a trader or investor must take financial risks and be patient, only then can success be achieved by trading or investing.

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Dickiy
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September 15, 2023, 01:54:38 PM
 #179

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.
However, we are all aware that this job is a very risky job, and we need income from elsewhere to keep us on a steady income. Trading does have great potential to increase our finances, but the opposite also applies. Because of this, there is a lot of advice from people who have been in trading for a long time such as using money that doesn't change our lives when it is lost, or this is work with a high level of patience, or this work is done by conducting analysis and a deep level of research. . Very many people who don't meet the requirements try it and fail. therefore, this job is not for everyone.

Well it is indeed clear that trading is very risky, maybe you come because of the big profits or you come after seeing some people around you get a big profit from this trading, it's not wrong if you want to try to get into this field but it's true as you said it doesn't mean that when you come you will immediately be able to get a big profit, if you come only focused on profit and without science I'm sure the situation will reverse, I mean not the profit you will get but instead a possible big loss. So yes, we must know and realize that every time there is a big profit, there will also be a very big risk in it. I agree, and indeed this trading is only limited to activities or professions outside your working hours, trading is a part-time job that you can choose, or maybe more precisely this can be useful to increase your finances if indeed you can get consistent results here. So it means that it is safer for you not to make this trading activity your profession or main job to earn income, because obviously as I said above there is a huge risk that could happen to you.

Well that's right guys, it's better to use money that you wouldn't mind if it eventually disappeared, so that you remain calm in trading and also so that you don't experience pressure.
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September 15, 2023, 05:47:34 PM
 #180

Crypto trading is risky work you will ever do In my view you have to take steps very carefully and wisely. If you are a newbie and want to invest and you have no experience we suggest that you follow the path by buying and then holding for the correct time. You have no care of market fluctuation either it's up or down you just leave your fund for some time. Another is to use DCA in which the risk of losing your assets is very low and you can add funds on a weekly or monthly basis and then wait for the bull market, When it comes then sell your assets it will give you more profits.
It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.
In every job, of course there is a different level of risk, as well as the results, if in our job there is a big risk, we will certainly get a big profit too, but if we don't understand what we are going to do in a high risk job, we will obviously get a loss very large. For beginners, there are many things that must be learned to be able to face work that has high risks continue learning and asking questions from those who are experts in this field so that we can gain profits in trading.
kawetsriyanto
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September 15, 2023, 07:56:01 PM
 #181

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
There is no job has no risk. If trading is a risky job, it doesn't mean people can't make it as a main job. However, no guarantee for the success everyday in trading. We may get profits today but we may experience loses tomorrow or in another day. So, we can't expect to always earning money everyday. Even professional traders or experienced traders, may experience losses as well. That's why we can't make it as our single job because no guarantee for profits constantly.

I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.
There is no problem if newbies want to try trading, but they are better to use small money. Newbies must focus on learning first before they use bigger funds. Not all newbies want to hold crypto coins only, some of them want to trade the coins. However, I agree that knowledge and experience are needed to ensure the newbies to trade in the right way. So, before starting the trading journey, the newbies must have enough knowledge and experience firstly.


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JohnBitCo
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September 16, 2023, 08:52:28 AM
 #182

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.
Dickiy
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September 16, 2023, 02:11:30 PM
 #183

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

Yes I quite agree with your statement which is simple but easy to understand, and yes it's true but I think it's not about them not knowing how to trade but I think it's more about whether or not the person is interested in this field. Because there is nothing impossible to understand trading if indeed they are interested and willing to learn, everyone can if they have strong intentions and determination but not everyone is interested in this profession. They can come because of motivation from some sources they find and also they can leave because of some losses that they think it does not make any positive impact on their lives including to increase their income, and I would say for people like this that he is nothing more than a coward who has a weak mentality.

Let's discuss, in my opinion trading is not a place for you to make a full-time income because maybe you also understand that there is a big risk that you can experience there, so maybe it's more like trading is just your part-time job to increase your income a little more with a very good plan that you have, and still you should not leave your main job because the results of trading will not always be in your favor.
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September 16, 2023, 04:42:56 PM
 #184

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading.  But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run.  Before you need to gain enough knowledge about bitcoin forums.  You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.


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September 16, 2023, 06:39:48 PM
 #185

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Trading is something that not everyone can do it. some person thinks that trading is just a loss of money and some says that trading makes you quickly rich and I think they both are wrong. Trading is like a process that involves patience and experience through which a person can succeed.

I suggested to the newbie to not listen to the above-mentioned category persons always trust in your self abilities always be patient and avoid anger while trading. Trade only when you have some extra money that is not used for your expenses.

Gain more knowledge about trading and for the first time, I preferred to Use DCA methods which will minimize your loss and always do less trading at the beginning. And if have not a good strategy then invest your money in Bitcoin and hold it for the bull season which will give you more profit.
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September 16, 2023, 06:57:01 PM
 #186

Most people think trading is very easy and can be done by anybody ,Its only after losing lots of money that they realized the truth about it. Trading is not that simple and can take a very long period of time for one to become a profitable trader that can maintain consistency in any market condition. It requires continuous learning and dedication for anyone to become a successful trader.

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September 16, 2023, 08:00:18 PM
 #187

That last statement values the most. Having good analytical skills and being keen on learning more will give you opportunities to earn from
this venue of investment, not for all but with your determination, your chance will be good.

It's more about how you take the risk and how good you are in understanding every situation that the business will bring you.

Not for someone who got the kind of mindset that it's a quick way to earn money and it will change your life if luck permits.
Taking and understanding every risk must be done, because that is one way to success in any business. Have a mindset about how to do things well and don't really want a job to always be fast, because everything requires a process. Trading requires a process of learning how to understand the basics, how to understand market conditions and understand ourselves.
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September 16, 2023, 09:07:06 PM
 #188

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading.
It is not the main reason, people can easily know trading by googling. There are many sources explaining briefly about trading. What makes it difficult is about the strategy and controlling emotion. It is not easy to know which strategy that fits with the market trends and our nature. Many people just follow other people strategies, sadly many people failed do this because it is not suitable with their nature. Everyone has their own style/nature in trading, never assume a single strategy can work for all people. In addition, controlling emotion sometimes becomes a serious problem. When we can't control emotion, we probably trade with no clear plan and carelessly decide anything.

If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.
The success in trading isn't determined by how good you understand the meaning. But the success will be determined by how effective your strategy in trading and how good your mentality.


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September 17, 2023, 01:00:21 AM
 #189

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Trading is for sure for everyone if them like, no kid learned to read first day in school, it takes time likes everything. Just give it a honest try and ignore the "pros" that think they are best because they have traded for one year and make 20 dollars out of their 100 dollar.  Grin

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September 17, 2023, 10:33:01 AM
 #190

It is true that trading is not for everyone, but not everyone wants to do it either. There are people who like trading but trading don't them. But there are also people who don't like trading, but they don't know that trading is for them. What does that mean?

For example, in my experience here in cryptocurrency, I don't want to understand or trade in this industry; I just want to have knowledge about the matter. But because I had the desire to get an income here, I found out that it can be an opportunity for that kind of thing. So I also saw that trading is the main way to get that, so what I did was find out what I should know and learn, and until now I'm still studying as I apply little by little what I learn and discover on the actual trading platform.

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September 17, 2023, 02:05:54 PM
 #191

Trading is not easy, if you want to earn from trading you need to have enough knowledge about trading. 85 to 90% of traders lose their money in trading, only 10 to 15 percent people make money from trading. These traders have personal trading strategies and additional knowledge and experience about trading. Which is not among the rest of the traders, so they fail to make money from trading. In my opinion they are just buy and hold. And always have to do research on trading, it will benefit them a lot.

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September 18, 2023, 06:04:40 AM
 #192

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.
How can a person expect to enter a financial market and earn money if they are not ready to learn about it in the first place? It is not rocket science, almost every single individual can easily learn how cryptocurrency trading is done if they show some interest and dedication, and when you want to earn money and make investments, you will need to bring that dedication in you so that you don't have to ask others about everything and don't be able to do it yourself.

However, someone who doesn't have any interest and doesn't even know what trading is and also has no interest in investing their money and earning some money on top of it, are the kind of people for whom we can say that they are actually not suitable for trading and trading isn't for them.
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September 18, 2023, 03:00:12 PM
 #193

Taking and understanding every risk must be done, because that is one way to success in any business. Have a mindset about how to do things well and don't really want a job to always be fast, because everything requires a process. Trading requires a process of learning how to understand the basics, how to understand market conditions and understand ourselves.
Trading requires very extensive knowledge and just knowing the basics will not be enough, I would say that trading is an activity that requires constant learning and the ability to analyze the current situation on the market as a whole and separately for each coin that you want to trade. This is a very difficult activity and it’s definitely not for everyone. I believe that you can get good results in trading, but only a few can become truly successful traders.

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September 18, 2023, 05:24:20 PM
 #194

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

Understand the meaning? No dude. For trading you need serious knowledge about the markets and the coins. Here in trading real and hard earned money is invested. So without knowing anything about the market or without having knowledge on trading, it’s very risky to trade and make profits. If you are a beginner, then educate yourself first about trading and after feeling confident then only deposit real money and trade.

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September 18, 2023, 10:45:52 PM
 #195

Taking and understanding every risk must be done, because that is one way to success in any business. Have a mindset about how to do things well and don't really want a job to always be fast, because everything requires a process. Trading requires a process of learning how to understand the basics, how to understand market conditions and understand ourselves.
Trading requires very extensive knowledge and just knowing the basics will not be enough, I would say that trading is an activity that requires constant learning and the ability to analyze the current situation on the market as a whole and separately for each coin that you want to trade. This is a very difficult activity and it’s definitely not for everyone. I believe that you can get good results in trading, but only a few can become truly successful traders.

Never ending learning process, as traders will continue to find ways to make some edge against one another, you need to adopt that kind
of a system for you to succeed from this venue of investment.

There are many factors that affect this kind of investment. It's more on good decision making and has that capability to adjust whenever
it's needed to your to adjust.

If you don't have that kind of patience, better to think twice before jumping to this investment.
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September 18, 2023, 10:54:31 PM
 #196

It is true that trading is not for everyone, but not everyone wants to do it either. There are people who like trading but trading don't them. But there are also people who don't like trading, but they don't know that trading is for them. What does that mean?

For example, in my experience here in cryptocurrency, I don't want to understand or trade in this industry; I just want to have knowledge about the matter. But because I had the desire to get an income here, I found out that it can be an opportunity for that kind of thing. So I also saw that trading is the main way to get that, so what I did was find out what I should know and learn, and until now I'm still studying as I apply little by little what I learn and discover on the actual trading platform.
Each person is probably interested in trading because we can earn faster profits in trading. People even can earn profit every day if they do daily trade. Meanwhile an investment takes a longer time to take profits, it can be some months or years. So, I am a bit doubtful if there is a person who doesn't like trading.

In your case, you may not start trading because you are still learning everything about trading. You probably wants to know well first before you do trading. Moreover, you have a desire to earn income from trading, it means you are clearly interested to do trading. It is only about time, you will trade crypto coins sooner or later.


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September 18, 2023, 11:57:18 PM
 #197

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Everything in life is all about risk like I always say, is best you take it or leave it. Those who take risk I see them as those who wants to make it in life so in trading if you're scared of taking risk I don't see you making any profit, instead you'd be stock at a place like a stagnant water, no progress.
Those who are deep into trading are never afraid of the negative aspect of trading is like they expect the bad side of it more than they expect the positive side of it, so taking risk is not new to them I mean real traders, so if you don't have the guts is best you learn from those who knows more than you in the business.

R


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September 19, 2023, 04:12:53 AM
 #198

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Everything in life is all about risk like I always say, is best you take it or leave it. Those who take risk I see them as those who wants to make it in life so in trading if you're scared of taking risk I don't see you making any profit, instead you'd be stock at a place like a stagnant water, no progress.

Not stepping out of your comfort zone means you won't grow and achieve success in life. This is an overall view not only in trading since if you stay scared of not taking risks then you won't be achieving what you dream of but that doesn't mean that you will take risks without bases. You should have calculated riskslike if this fails there is still a backup plan to make it successful or this would be a high percentage of success.

There are still others who prefer to stay in the comfort zone and there are no problems with it but if you don't want to stay stagnant take those calculated risks and see what will happen.
uswa56
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September 19, 2023, 04:47:48 AM
 #199

It is true that trading is not for everyone, but not everyone wants to do it either. There are people who like trading but trading don't them. But there are also people who don't like trading, but they don't know that trading is for them. What does that mean?

For example, in my experience here in cryptocurrency, I don't want to understand or trade in this industry; I just want to have knowledge about the matter. But because I had the desire to get an income here, I found out that it can be an opportunity for that kind of thing. So I also saw that trading is the main way to get that, so what I did was find out what I should know and learn, and until now I'm still studying as I apply little by little what I learn and discover on the actual trading platform.
Each person is probably interested in trading because we can earn faster profits in trading. People even can earn profit every day if they do daily trade. Meanwhile an investment takes a longer time to take profits, it can be some months or years. So, I am a bit doubtful if there is a person who doesn't like trading.

In your case, you may not start trading because you are still learning everything about trading. You probably wants to know well first before you do trading. Moreover, you have a desire to earn income from trading, it means you are clearly interested to do trading. It is only about time, you will trade crypto coins sooner or later.
The possibility of quick profits certainly makes many people interested in trading, but sometimes there are other reasons so that not many people trade, such as a high level of risk and also inadequate trading knowledge.
There is clearly a difference between trading and investing, especially as you said in daily trading where the possibility of large and fast profits is also commensurate with the high risk, I think that is a strong reason that not everyone wants to trade.
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September 19, 2023, 06:53:49 AM
 #200

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Everything in life is all about risk like I always say, is best you take it or leave it. Those who take risk I see them as those who wants to make it in life so in trading if you're scared of taking risk I don't see you making any profit, instead you'd be stock at a place like a stagnant water, no progress.

Not stepping out of your comfort zone means you won't grow and achieve success in life. This is an overall view not only in trading since if you stay scared of not taking risks then you won't be achieving what you dream of but that doesn't mean that you will take risks without bases. You should have calculated riskslike if this fails there is still a backup plan to make it successful or this would be a high percentage of success.

There are still others who prefer to stay in the comfort zone and there are no problems with it but if you don't want to stay stagnant take those calculated risks and see what will happen.

No doubt about what you said but the thing is that some persons do things without thinking or calculating or even weighing if the possible outcome will yield something positive, they just do it because is good or they know how to take risk, that's foolishness.
Before taking any bold step, make sure it's well discussed with "yourself" and if you're not ok with what you think you can as well discuss it with friends, and there's no way you won't get a better advise from someone who has an experience about the issue at hand, so when you're in the risky past you won't feel left out or see it as something new.

R


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September 19, 2023, 01:08:58 PM
 #201

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.

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Lanatsa
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September 19, 2023, 06:48:15 PM
 #202

It is a risky job if you treat it as your main job. There are real life traders and they know that doing this as their main source is hard.
But with experience that they've gathered all over these years, the risk seems to be cute to them anymore because of that built up that they've gone through.
I agree that for newbies, it's best for them to stay as holder first before they commit into a real life day trader. They also have an option to remain investors and holders.

Everything in life is all about risk like I always say, is best you take it or leave it. Those who take risk I see them as those who wants to make it in life so in trading if you're scared of taking risk I don't see you making any profit, instead you'd be stock at a place like a stagnant water, no progress.

Not stepping out of your comfort zone means you won't grow and achieve success in life. This is an overall view not only in trading since if you stay scared of not taking risks then you won't be achieving what you dream of but that doesn't mean that you will take risks without bases. You should have calculated riskslike if this fails there is still a backup plan to make it successful or this would be a high percentage of success.

There are still others who prefer to stay in the comfort zone and there are no problems with it but if you don't want to stay stagnant take those calculated risks and see what will happen.

No doubt about what you said but the thing is that some persons do things without thinking or calculating or even weighing if the possible outcome will yield something positive, they just do it because is good or they know how to take risk, that's foolishness.
Before taking any bold step, make sure it's well discussed with "yourself" and if you're not ok with what you think you can as well discuss it with friends, and there's no way you won't get a better advise from someone who has an experience about the issue at hand, so when you're in the risky past you won't feel left out or see it as something new.
Reasses and trying out to configure whether its a worthy move to be done or not and its just normal that risks taking would really be that normal for everyone on the time that they would be stepping out into this venture on which we know that trading in a market which is really that totally speculative isnt something that would really be that easy to be deal with and this is why it would really be wise that making yourself that get prepared and able to realize on what are the things that lies ahead. Making action without even trying out to think about? This is where mistakes do usually occur and this is something that needs to be look upon.

Trading isnt for everyone which its partly true but making yourself that hinder of doing it just because of this kind of emotion or doubt towards yourself would really be putting you into a situation on which it isnt
really that something recommendable on instilling into your mind. You wont really be able to know whether trading is for you or not unless you do try and this is why if on the time that you do like to trade
but you do hesitated because of the risks involved then you wont really be finding yourself be able to have the progress but rather you would be failing and would really be remaining just like that.

R


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September 20, 2023, 01:32:25 PM
 #203

The possibility of quick profits certainly makes many people interested in trading, but sometimes there are other reasons so that not many people trade, such as a high level of risk and also inadequate trading knowledge.
There is clearly a difference between trading and investing, especially as you said in daily trading where the possibility of large and fast profits is also commensurate with the high risk, I think that is a strong reason that not everyone wants to trade.
Indeed, trading is high risk if we have lack of knowledge and experience. But if we have sufficient knowledge and experience, we know how to deal with the risks. So, we won't be afraid to trade anymore. Anyway, we are not a must to do daily trade, there are many other types of trading. There are scalping, swing trading, range trading, position trading, and intraday trading. So, we actually have many options for trading styles/types, we can choose other type if day trading seems quite difficult.

Maybe trading has a higher risk but it doesn't mean investing has no risk. Both trading and investing have their own risks. Whatever we do, we can't avoid the risks but we must deal with the risks. If someone is too afraid of the risks, he/she is better to stay away from trading. Trading doesn't fit with the people who don't have the courage to the risks.


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September 21, 2023, 09:04:58 AM
 #204

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.

Your knowledge is your key and with continuous seek for more adds up the chance of making it more successful. It's not something that
you can just rely on luck or something that you can make a shortcut.

Not for everyone, as there are many things that you should take into consideration to make sure that you are in line with the business that you take.

Dealing with decision making is something you need to work and improve to have a better chance of making decent benefits from this investment/business.
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September 22, 2023, 12:50:34 PM
 #205

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading.  But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run.  Before you need to gain enough knowledge about bitcoin forums.  You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.
If someone starts trading with knowledge about trading, the chances of losing money will be very less. And if someone does not have knowledge about trading, he will lose all his money after trying to trade. Therefore, those who are new to trading should increase their knowledge about trading and  Learn trading with advice from experienced people.


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Lorence.xD
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September 22, 2023, 04:24:48 PM
 #206

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading.  But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run.  Before you need to gain enough knowledge about bitcoin forums.  You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.
If someone starts trading with knowledge about trading, the chances of losing money will be very less. And if someone does not have knowledge about trading, he will lose all his money after trying to trade. Therefore, those who are new to trading should increase their knowledge about trading and  Learn trading with advice from experienced people.

Well knowledge is really important into trading, but if you all have the knowledge you've gather like in the internet or the book, but you can't even start trading and implement your learnings then it would just a waste. Cause one factor that are important in trading is also the experience, if you already have the experience of course some are losses and some are profits, cause by that you could build up your skills and techniques in trading. And I would also like to add in this "Learn trading with advice from experienced people." It's good to surrounds yourself with knowledgeable into trading, but never rely on the other people your funds by waiting for their signals. Maybe updates, news and trends would do.

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September 22, 2023, 04:49:57 PM
 #207

Trading is not really for beginners because at first they are unsure and unskilled about crypto trading capabilities. Moreover i think they can be efficient if they study trading for few months perfectly.
Also how easy is crypto investing? You can't buy good coins at a dip! So you need to have sure skills to take every step that is profitable.
Moreover you need to be a sufficient time holder to profit in bull markets. In the bull market almost all tokens increase in price, but especially top coins increase in price, so if you hold on to good projects you will get profits.
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September 22, 2023, 08:59:24 PM
Last edit: September 22, 2023, 09:23:16 PM by Quidat
 #208

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading.  But you can be a good holder if you want. There is a bull run coming up you can hold bitcoin and hope you don't get disappointed during the bull run.  Before you need to gain enough knowledge about bitcoin forums.  You need to know, understand and then think about trading. Rather than losing everything by trading, it is important to follow the right path and survive in the forum.
If someone starts trading with knowledge about trading, the chances of losing money will be very less. And if someone does not have knowledge about trading, he will lose all his money after trying to trade. Therefore, those who are new to trading should increase their knowledge about trading and  Learn trading with advice from experienced people.

Well knowledge is really important into trading, but if you all have the knowledge you've gather like in the internet or the book, but you can't even start trading and implement your learnings then it would just a waste. Cause one factor that are important in trading is also the experience, if you already have the experience of course some are losses and some are profits, cause by that you could build up your skills and techniques in trading. And I would also like to add in this "Learn trading with advice from experienced people." It's good to surrounds yourself with knowledgeable into trading, but never rely on the other people your funds by waiting for their signals. Maybe updates, news and trends would do.
Theory + real experience would really be the key on making yourself that knowledgeable because reading up wont really be completely making you that we can call to be that knowledgeable not unless you would really be able to experience the market for yourself.Trading isnt really for everyone but we know that you cant really be able to make yourself that able to find out unless you do try.
Dealing with a market which is really that totally unpredictable and random then it would really be that hard. Trading is something that we do know that we can really have the opportunity on making
money but of course it wont really be that so easy on doing so and it does really takes time and tons of effort for you to have that kind of grasps towards the market.
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September 22, 2023, 11:39:30 PM
 #209

I agree with you.Trading is not for everyone those who don't have enough knowledge about trading should stay away from trading.
If your asking them to stay away from trading then;

How do they learn?
How do they get the experiences needed to be better traders.

These you can only archive by studying and testing out what you’ve learned on trades. Where it gets different is that, you don’t have to go live on your trades, you can trade on the demo provisions of some exchanges. Those will serve you more than completely backing out. You should only back out when you’ve tried and it’s never helping you.

As oppose to live trades, try the demo.
The only difference between them both is that, you don’t get to master your emotions on the demo trades but, it would serve some purpose in developing a strategy.

Should you be satisfied that trashing isn’t an option for you and you can’t handle it’s stings, then you can stick to holding. Holding is relative safe but, you’ve got to have a lot of patience to hold successfully.

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gunhell16
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September 23, 2023, 02:11:26 AM
 #210

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.

Correct knowledge is really associated with success, but if the knowledge that is known is wrong, it will not push us to success either. Apart from that, of course, there are many things to consider because the right and proper knowledge are also ingredients that we must also know what they are.

The question is: what are the ingredients that are needed for the right knowledge? One of them, of course, is that you are determined, patient, you must have wise decisions, dedication, self-control, and above all, you must have what is called passion in what you do so that you can achieve the profit that you want to happen in the trading activity.

Because if you don't have the above, you don't deserve or belong in the crypto trading business.

.
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Natsuu
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September 23, 2023, 04:40:12 PM
 #211

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

--

Correct knowledge is really associated with success, but if the knowledge that is known is wrong, it will not push us to success either. Apart from that, of course, there are many things to consider because the right and proper knowledge are also ingredients that we must also know what they are.

The question is: what are the ingredients that are needed for the right knowledge? One of them, of course, is that you are determined, patient, you must have wise decisions, dedication, self-control, and above all, you must have what is called passion in what you do so that you can achieve the profit that you want to happen in the trading activity.

Because if you don't have the above, you don't deserve or belong in the crypto trading business.

Do not mistake a person's knowledge for a person's wisdom and mindset.

If we are just talking about knowledge, it's just about a certain strategy, their methodology how they accumulate wealth, and how they maintain it. To be exact, there's no one way to do a job. There's no right or wrong answer.

But, if we were talking about the right mindset. There is only one way to be successful. That is carrying the necessary discipline, patience, work ethic, and professionalism. By seeing a person's table or room, you can already judge how well can they be successful. For me, only the person themselves can judge whether they deserve to be in crypto trading or not. Because we are the only person who is responsible of our own journey.

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September 24, 2023, 12:57:21 PM
 #212

Trading is not easy, especially for newbies who do not have enough knowledge before jumping into trading. However, they can become successful if they follow good trading principles and rules develop trading strategies and stick to their trading plans.
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September 24, 2023, 05:09:29 PM
 #213

But, if we were talking about the right mindset. There is only one way to be successful. That is carrying the necessary discipline, patience, work ethic, and professionalism. By seeing a person's table or room, you can already judge how well can they be successful. For me, only the person themselves can judge whether they deserve to be in crypto trading or not. Because we are the only person who is responsible of our own journey.

it seems like it's not just one way. You mentioned quite a lot of things that need to be done.

trading is not something simple that beginners can do easily. assessing whether they are able to trade well or not will require a lot of processing. traders need to try some trades even with all the knowledge they have. and from there the trader will gain experience. so they can see whether they actually have pretty good skills or not in trading.


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September 24, 2023, 07:32:51 PM
 #214

crypto trading isn't everyone's game. If you're feeling uncertain about your trading skills, no worries. Consider the "buy and hold" strategy and use every market dip as an opportunity to Dollar-Cost-Average.
Remember, every season has its time. In the crypto world, it's usually the bull market that favors the holders. When that bull charge returns, which it always does, your portfolio of solid projects will likely yield great profits.
It is the alternative but IMHO, the better choice. You can be good at trading but don't have a lot of patience if it's holding.
The holders have significant experience on how it should be when we're about to sell or not yet. There are certain period of times to accumulate, hold and then sell.

Don't feel compelled to follow the herd. Instead, stick with what's proven to work for you. Keep it simple, stay focused.
Yup, if you're a holder and that works for you, stick to it. If you're a profitable trader, stick to it as well.


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wallet4bitcoin
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September 25, 2023, 03:49:26 AM
 #215

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Absolutely candid an advise, I must say.

One of the fugazi often shared is that people are more profitable  or the desire of profit to be made is only via trading. The reality of this thought is non-existing.

Investors that DCA are also profitable and other ways of making money or profiting in this space exists beyond just trading.
But if you so consider to be a trader, you must acquire the required information that arms you for what the trading space presents you with.

Trading isn't for everyone but if you are coming in with the notion of becoming one, ensure to learn and do your due diligence so as not to come and 'fill the cup of other people'.

.
SPIN

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September 25, 2023, 06:19:43 AM
 #216

Trading requires certain skills, and it is not meant for everyone. Many people had traded in the past but failed because they did not have the required technical and analytical skills to succeed. Trading is time-consuming as well as mentally tiring. Sometimes, even if you have the skills, you will still not be able to make a profit because the crypto market trends can never be predicted. At the moment, most of the people are just holding their investments. If a person is not good at controlling emotions, he should not opt for trading.
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September 25, 2023, 10:51:23 PM
 #217

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

if everyone thinks that trading is not suitable for everyone then we will not see anyone losing or winning when trading, there is nothing wrong with trying to become a trader but the thing you have to throw away is the thought that you cannot lose when trading, However, you have to make a good strategy for starting it.
It is highly recommended for beginners to really prepare everything well (skill, mental and capital) without these three, you are just gambling or fantasizing about making a profit in trading.



BIG WINNER!
[15.00000000 BTC]


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Rainbot
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September 26, 2023, 11:09:46 PM
 #218

You can save extra money on trading accounts with a trading coupon codes plus other trading bonuses
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September 26, 2023, 11:57:34 PM
 #219

But, if we were talking about the right mindset. There is only one way to be successful. That is carrying the necessary discipline, patience, work ethic, and professionalism. By seeing a person's table or room, you can already judge how well can they be successful. For me, only the person themselves can judge whether they deserve to be in crypto trading or not. Because we are the only person who is responsible of our own journey.

it seems like it's not just one way. You mentioned quite a lot of things that need to be done.

trading is not something simple that beginners can do easily. assessing whether they are able to trade well or not will require a lot of processing. traders need to try some trades even with all the knowledge they have. and from there the trader will gain experience. so they can see whether they actually have pretty good skills or not in trading.
even then there's high chance that after gaining experience the trader still haven't gotten any clue about how the market works for real.
i've seen many veteran trader giving up because they just don't understand how the market trend works.
its not like you've experienced this one and you can hone your skill into knowing the condition of the market and always know how to determine what the market gonna be going in the future.
its all honestly random events occurring towards many of these coins and token thats we supposed to trade, the essence of trading is getting profit through margin, but if we don't have a clue about how the coin would turns out in the future, how can we so sure we'd profit off the margin.

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..PLAY NOW..
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September 27, 2023, 02:17:14 AM
Merited by fillippone (1)
 #220

Trading is not really for beginners because at first they are unsure and unskilled about crypto trading capabilities. Moreover i think they can be efficient if they study trading for few months perfectly.
Also how easy is crypto investing? You can't buy good coins at a dip! So you need to have sure skills to take every step that is profitable.
Moreover you need to be a sufficient time holder to profit in bull markets. In the bull market almost all tokens increase in price, but especially top coins increase in price, so if you hold on to good projects you will get profits.


Well said! Trading is not something that you can just hop on because you wanted to generate income and people tells you so. If you don't understand the risks that comes with it, then you shouldn't probably go into it. Trading requires a lot of time and energy, and without having essential knowledge and skills, you will not survive the market.
Even the most expert traders are still experiencing losses, what more for those people who are just beginners and doesn't have much experience with it. In trading, its either you'll earn or lose a lot of money, but one thing is for sure, you will gain experiences and lesson in which you can use as a support to succeed in trading.  So, if you are a beginner, you should consider doing researches about this matter and build experience because this could help you in the long run. And remember that there is no point in rushing, as what I have said, learning trading takes time.




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September 27, 2023, 08:20:39 AM
 #221

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
Are you discouraging newbies from trading? Any newbie that's interested in trading can do that, but all I will say is that trading is not really easy, and if you are not ready to learn, then trading is not for you. Trading requires constant learning and practice. When trading, you don't expect a reward instantly, you will be losing money as a beginner, which I'm sure is what some people are scared of. You can't start trading and you think you won't be losing, but if you are focused and you don't give up, you will end up getting a strategy that will work for you. I know holding is kind of easy compared to trading, but for anyone who's interested in trading, I don't discourage them, I will just tell them everything they need to know.

Well said! Trading is not something that you can just hop on because you wanted to generate income and people tells you so. If you don't understand the risks that comes with it, then you shouldn't probably go into it. Trading requires a lot of time and energy, and without having essential knowledge and skills, you will not survive the market.
People are making money from trading, just that you won't start trading and you will be expecting money instantly, it's a gradual process. Some newbies are always disappointed when they start trading because most of them have the wrong orientation about trading; they are not being told that they can lose money when trading, and when they start trading and they start losing money, they are always disappointed. Most newbies see trading as a get-rich-quick scheme. Most newbies are always looking for trading signals, they don't even care to learn how to do analysis by themselves, they are just looking for easy money.

Even the most expert traders are still experiencing losses, what more for those people who are just beginners and doesn't have much experience with it.
Every trader does lose money, even if you are a professional trader, but as a trader, just make sure your profit is more than your loss. If your loss is more than your profit, then you have to check the strategy that you are using, work on it, or do more research to change your strategy. If you have a perfect strategy, then your profit will definitely be greater than your loss.

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September 27, 2023, 09:25:57 AM
 #222

Trading is not really for beginners because at first they are unsure and unskilled about crypto trading capabilities. Moreover i think they can be efficient if they study trading for few months perfectly.
Also how easy is crypto investing? You can't buy good coins at a dip! So you need to have sure skills to take every step that is profitable.
Moreover you need to be a sufficient time holder to profit in bull markets. In the bull market almost all tokens increase in price, but especially top coins increase in price, so if you hold on to good projects you will get profits.


Well said! Trading is not something that you can just hop on because you wanted to generate income and people tells you so. If you don't understand the risks that comes with it, then you shouldn't probably go into it. Trading requires a lot of time and energy, and without having essential knowledge and skills, you will not survive the market.
Even the most expert traders are still experiencing losses, what more for those people who are just beginners and doesn't have much experience with it. In trading, its either you'll earn or lose a lot of money, but one thing is for sure, you will gain experiences and lesson in which you can use as a support to succeed in trading.  So, if you are a beginner, you should consider doing researches about this matter and build experience because this could help you in the long run. And remember that there is no point in rushing, as what I have said, learning trading takes time.



Correct! even experienced trader also fall into unexpected losses, not an easy passageway to make money.

Unlike with those misinterpretations of some newbies, thinking that trading is some sort of gambling type of business, just buy and wait for
it to pump, and nothing else.

It isn't as easy as that. There are many factors that you need to learn about how the market works and how the business will give you
the best chance of making money.

A never-ending cycle that you needed to keep positioning against other traders who got that same goal of making money.
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September 27, 2023, 11:18:52 AM
 #223

Trading is not really for beginners because at first they are unsure and unskilled about crypto trading capabilities. Moreover i think they can be efficient if they study trading for few months perfectly.

Trading is risky so newbies should go for investing instead of trading. When they're investing then they can learn how to trade and in few months they can become well educated on trading and can start trading with the profits they have made from investing in Bitcoin or altcoins. Any individual that think he can trade without having the knowledge on trading will lose all his money because the market is very volatile and it takes experience to be able to profit.

In the beginning trading isn't for everyone but any individual's that wants to learn how to trade can do that in a short time and start making profits from the market like experts. Cryptocurrency investing is very easy to do because you can't do anything wrong when you buy Bitcoin.

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September 27, 2023, 01:52:07 PM
 #224

Trading is risky so newbies should go for investing instead of trading. When they're investing then they can learn how to trade and in few months they can become well educated on trading and can start trading with the profits they have made from investing in Bitcoin or altcoins. Any individual that think he can trade without having the knowledge on trading will lose all his money because the market is very volatile and it takes experience to be able to profit.

In the beginning trading isn't for everyone but any individual's that wants to learn how to trade can do that in a short time and start making profits from the market like experts. Cryptocurrency investing is very easy to do because you can't do anything wrong when you buy Bitcoin.
After a few months in trading, you can only understand that this is not an easy job, but you are unlikely to be able to start making money so quickly. In order to make a profit in trading you need very good knowledge, experience, stress resistance and enormous discipline. If a beginner initially possesses at least a small part of the listed qualities, then his chances will be higher, but almost every story of a successful trader begins with losses, this is how experience is gained, I doubt that there is any way around this.

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September 27, 2023, 04:38:29 PM
 #225

but almost every story of a successful trader begins with losses, this is how experience is gained, I doubt that there is any way around this.
When i first started trading my initial two trades were winning trades which made me around 25% profit, after that i was dreaming about Luxury future.
but it never came true because after that two trades i was making losses. and come to this thinking that how anyone can make profit from it?

When we lose money in our trades, we remember those mistakes for a long time. We learn from these errors, and that helps us start making a profit.
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November 29, 2023, 08:27:46 PM
 #226

Valid point for newbies. Trading isn't like just let's start and make profit. Trading needs knowledge about fandmental, analysis ability and many more. Even skill won't be sufficient enough for some trades cause market won't always follow the same rules. It could be change with difficult & current circumtennces. I did trade without knowing anything and loss my fund much of the time and so quit myself until i gain the ability. It is important to manage your fund with patient

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November 29, 2023, 11:33:43 PM
 #227

but almost every story of a successful trader begins with losses, this is how experience is gained, I doubt that there is any way around this.
When i first started trading my initial two trades were winning trades which made me around 25% profit, after that i was dreaming about Luxury future.
but it never came true because after that two trades i was making losses. and come to this thinking that how anyone can make profit from it?

When we lose money in our trades, we remember those mistakes for a long time. We learn from these errors, and that helps us start making a profit.
That's what you call beginner's luck, I'm sure most of the traders experienced being lucky in their 1st - 3rd trade and from that they have thr sight of trading is easy and can gives a lot of money, but that's when we stumble once after that the path is unclear and difficult, you will experience many losses and also discouragement because you will be cautious and wary in every trade you will do, I think that's wgeb we should step up and look what we are lacking because that's the turning point in which you will understand that you need to grow before you can trade efficiently, you need to invest time and effort to gather knowledge and experience before you can see that you are earning in trading, and even in that point you will still experience losses but not thar too impactful to you, so knowledge and skill is the key to survive in trading.

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November 30, 2023, 03:10:18 AM
 #228

but almost every story of a successful trader begins with losses, this is how experience is gained, I doubt that there is any way around this.
When i first started trading my initial two trades were winning trades which made me around 25% profit, after that i was dreaming about Luxury future.
but it never came true because after that two trades i was making losses. and come to this thinking that how anyone can make profit from it?

When we lose money in our trades, we remember those mistakes for a long time. We learn from these errors, and that helps us start making a profit.
That's what you call beginner's luck, I'm sure most of the traders experienced being lucky in their 1st - 3rd trade and from that they have thr sight of trading is easy and can gives a lot of money, but that's when we stumble once after that the path is unclear and difficult, you will experience many losses and also discouragement because you will be cautious and wary in every trade you will do, I think that's wgeb we should step up and look what we are lacking because that's the turning point in which you will understand that you need to grow before you can trade efficiently, you need to invest time and effort to gather knowledge and experience before you can see that you are earning in trading, and even in that point you will still experience losses but not thar too impactful to you, so knowledge and skill is the key to survive in trading.
This is actually true on which on the time that you would be having those kind of winning trades on your first try then this is where you would be having those kind of thoughts that it is really that easy
until you would really be that become that too overconfident and this is where mistakes would really be starting to pile up. Sooner or later you would really be able to realize that it was never been that
easy on which you would really be making yourself that going back to the drawing board and would be learning on what are the things that needs to be learned.

People would usually really be having those kind of impressions just like in gambling too, if they do test it out on their first time and ends up on winning
then they would be having thoughts that its easy. Trading is for everyone, there are really just those people who cant really be able to bare up with the risks
and this is why they do chose on not to make any actions.
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November 30, 2023, 04:41:35 AM
Merited by fillippone (1)
 #229

Quote from: Solosanz
90% of traders are lose, it means only small percentage are actually making money through trading.

I think we can say someone is a trader when he use top cryptocurrency where the price is relatively stable than shitcoins, I'd say buy and sell shitcoins is classified as gambling since there's a chance you would lose all of your money if the coin turn become scam and delisted from the exchange.

And those that lose in crypto trading will definitely look for way to settle down to learn more about crypto trading before they will involve themselves again in such investment, because they never knew that crypto trading is not for everyone. Those that made money from their crypto trading are those that know when to trade to take a huge amount of money from the market, and they also know when not to trade than to continue holding till the price of the market change positively before they can go ahead to trade their coins to make a passive income. If you invest your money on a potential projects, there is no way you will experience disappointment from your holding than to make something that will change your life for good.

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November 30, 2023, 05:02:15 AM
 #230

Valid point for newbies. Trading isn't like just let's start and make profit. Trading needs knowledge about fandmental, analysis ability and many more. Even skill won't be sufficient enough for some trades cause market won't always follow the same rules. It could be change with difficult & current circumtennces. I did trade without knowing anything and loss my fund much of the time and so quit myself until i gain the ability. It is important to manage your fund with patient
Trading is simply not suitable for people who do not yet have knowledge about how to trade and also experience about trading. Although more experience can only be gained when someone has started trading frequently, when someone has gained more knowledge and sufficient funds for this. Because if you only rely on a certain amount of funds, it will only make you frustrated more quickly when you experience losses or lose the amount. So the importance of knowledge and experience provided by other people towards a better way of trading has become a pretty good foundation for everyone who wants to trade.

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November 30, 2023, 10:19:16 AM
 #231

Valid point for newbies. Trading isn't like just let's start and make profit. Trading needs knowledge about fandmental, analysis ability and many more. Even skill won't be sufficient enough for some trades cause market won't always follow the same rules. It could be change with difficult & current circumtennces. I did trade without knowing anything and loss my fund much of the time and so quit myself until i gain the ability. It is important to manage your fund with patient

That's because the biggest problem with newbies who enter crypto trading is that they think it's easy to make a profit here. which is not really true, so it is really important that our brains are full in this kind of business field.

We shouldn't be like other newbies who only think about what will happen, because here in the forum community, we have learned a lot from our experiences. So we often tell newbies to remind them of these things.

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November 30, 2023, 11:27:46 AM
 #232

Trading is not really for beginners because at first they are unsure and unskilled about crypto trading capabilities. Moreover i think they can be efficient if they study trading for few months perfectly.

Trading is risky so newbies should go for investing instead of trading. When they're investing then they can learn how to trade and in few months they can become well educated on trading and can start trading with the profits they have made from investing in Bitcoin or altcoins. Any individual that think he can trade without having the knowledge on trading will lose all his money because the market is very volatile and it takes experience to be able to profit.

In the beginning trading isn't for everyone but any individual's that wants to learn how to trade can do that in a short time and start making profits from the market like experts. Cryptocurrency investing is very easy to do because you can't do anything wrong when you buy Bitcoin.
trading & investment both of risky to newbies, long term investment is low risky judging short term,
newbies should start only bitcoins because without knowledge it can start, trading and altcoins are very risky,
in trading beginner can start with some money which is small then lose is not big affected to traders, it will be practice to learn trade with large amount.
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November 30, 2023, 01:41:24 PM
 #233

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy
Trading will be far more difficult than investment because both of them are different and depend on how people knowledge is involved in one of them. No need to force yourself to enter the field of trade because it requires knowledge and experience to get started, but don't worry when someone is interested in doing so, taking a small number of trading approaches will help practice your abilities. Trade can also be learned slowly and maybe experience will teach us to find more appropriate ways.

It is important to have previous knowledge to start and in this way a person can practice how to trade slowly. Taking a small approach from trade will train a person's ability to get involved in it. Trade is not for everyone but trade for people who dare to take risks and continue to improve the mistakes that have been made.

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November 30, 2023, 03:04:30 PM
 #234

And those that lose in crypto trading will definitely look for way to settle down to learn more about crypto trading before they will involve themselves again in such investment, because they never knew that crypto trading is not for everyone. Those that made money from their crypto trading are those that know when to trade to take a huge amount of money from the market, and they also know when not to trade than to continue holding till the price of the market change positively before they can go ahead to trade their coins to make a passive income. If you invest your money on a potential projects, there is no way you will experience disappointment from your holding than to make something that will change your life for good.
Those who choose to be able to learn after experiencing failure in their trading will of course understand trading better because they have had the experience of failure and of course they will not repeat the same failure as they have experienced before.
Yes, you are right, those who can make profits in trading certainly understand well when is the right time to enter the market to make a profit and when to stop to enjoy the profits they have obtained.

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November 30, 2023, 05:36:51 PM
 #235

Yes you are 100% right. Some qualities are built in in human, I mean God gifted qualities.
I think patience is the most important thing in trading. And don't do trade with emotions. Because it will give you more loss.
Analyze everything before buying any coin in crypto and when you buy hold it tightly with patience.

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Sunderland
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November 30, 2023, 06:10:48 PM
 #236

Yes you are 100% right. Some qualities are built in in human, I mean God gifted qualities.
...
...

I think anyone can learn trading and to become a pro or not its up to them. "Good traders never stop learning"

...
I think patience is the most important thing in trading. And don't do trade with emotions. Because it will give you more loss.
...

True, when in profits = excitement and euphoria then it will leading to greed and overconfidence.
And when the result starting to against your trading plan, fear and panic will come.
Just accept it and move on.

...
...
Analyze everything before buying any coin in crypto and when you buy hold it tightly with patience.

and you must set the trading plan, not only hold it tightly and wait for the price up. Remember most of the trading strategies work best when price action is volatile.

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Adams0001
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December 01, 2023, 02:24:57 PM
 #237

Trading will be far more difficult than investment because both of them are different and depend on how people knowledge is involved in one of them. No need to force yourself to enter the field of trade because it requires knowledge and experience to get started, but don't worry when someone is interested in doing so, taking a small number of trading approaches will help practice your abilities.

Trading can make you rich faster than holding your investment for a long time, and many people don't have the patience to hold their bitcoin for a long time to earn a profit,  they rather get money faster That is why they try Trading and they will not get much knowledge about it, because if they just told them they will get huge profit if they engage in trading they don't know is more riskier than holding for long term, because anyone who invest in bitcoin and leave it for many years will definitely get profit, but he trading you can lose your money immediately if he didn't go well, but bitcoin investment even if the price decreases and you leave it he will surely increase and you can get your capital and profit.

Trading is good because many people have succeeded in trading, which is why they continue to talk about it if trading is bad, no one will want to do it, it's just that it's very risky and if you can't risk your money it's better to invest in bitcoin for the long term and profit. Because it is the only coin that can be trusted and will make a lot of money if the market goes smoothly.

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December 01, 2023, 04:07:32 PM
 #238

Trading can make you rich faster than holding your investment for a long time, and many people don't have the patience to hold their bitcoin for a long time to earn a profit,  they rather get money faster That is why they try Trading and they will not get much knowledge about it, because if they just told them they will get huge profit if they engage in trading they don't know is more riskier than holding for long term, because anyone who invest in bitcoin and leave it for many years will definitely get profit, but he trading you can lose your money immediately if he didn't go well, but bitcoin investment even if the price decreases and you leave it he will surely increase and you can get your capital and profit.

Trading is good because many people have succeeded in trading, which is why they continue to talk about it if trading is bad, no one will want to do it, it's just that it's very risky and if you can't risk your money it's better to invest in bitcoin for the long term and profit. Because it is the only coin that can be trusted and will make a lot of money if the market goes smoothly.
it's just a little different thinking to gain an advantage. because sometimes there are those who are successful in investing but are very unlucky when trading. or maybe on the contrary those who are good at trading are not very lucky with their investments.
There are many factors that influence a person's thinking in this matter. but what is clear, their goal is for profit. and as long as they know how to make a profit, they can do it. whether trading or investing.

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gunhell16
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December 01, 2023, 10:43:46 PM
 #239

Trading is not really for beginners because at first they are unsure and unskilled about crypto trading capabilities. Moreover i think they can be efficient if they study trading for few months perfectly.
Also how easy is crypto investing? You can't buy good coins at a dip! So you need to have sure skills to take every step that is profitable.
Moreover you need to be a sufficient time holder to profit in bull markets. In the bull market almost all tokens increase in price, but especially top coins increase in price, so if you hold on to good projects you will get profits.


Well said! Trading is not something that you can just hop on because you wanted to generate income and people tells you so. If you don't understand the risks that comes with it, then you shouldn't probably go into it. Trading requires a lot of time and energy, and without having essential knowledge and skills, you will not survive the market.
Even the most expert traders are still experiencing losses, what more for those people who are just beginners and doesn't have much experience with it. In trading, its either you'll earn or lose a lot of money, but one thing is for sure, you will gain experiences and lesson in which you can use as a support to succeed in trading.  So, if you are a beginner, you should consider doing researches about this matter and build experience because this could help you in the long run. And remember that there is no point in rushing, as what I have said, learning trading takes time.



That's what other people who enter crypto trading don't understand. They think it's really easy to make a profit in crypto trading. If the experts make mistakes or even lose here, then they're still not experts, right?

That's why if anyone decides to study trading in this field, they should think carefully, because not only will it take a little time to spend here, but of course we are talking about thorough study and perseverance, because they are skills that can be considered when learned in reality. I hope other newbies can figure this out.

Correct! even experienced trader also fall into unexpected losses, not an easy passageway to make money.

Unlike with those misinterpretations of some newbies, thinking that trading is some sort of gambling type of business, just buy and wait for
it to pump, and nothing else.

It isn't as easy as that. There are many factors that you need to learn about how the market works and how the business will give you
the best chance of making money.

A never-ending cycle that you needed to keep positioning against other traders who got that same goal of making money.

That's what other people who enter crypto trading don't understand. They think it's really easy to make a profit in crypto trading. If the experts make mistakes or even lose here, then they're still not experts, right?

That's why if anyone decides to study trading in this field, they should think carefully, because not only will it take a little time to spend here, but of course we are talking about thorough study and perseverance, because they are skills that can be considered when learned in reality. I hope other newbies can figure this out.

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Bitcoin_people
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December 02, 2023, 04:27:49 PM
 #240

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.
Of course, knowledge is the most important factor in trading, without knowledge, it is never possible to succeed in trading. Good experience is definitely needed to get success and knowledge is very much needed otherwise a person will never be profitable. Of course these strategies should be adopted by a user but he will get good profit by trading and he will be able to advance in future. But most of the victims in trading are new users who often take wrong decisions and take risks. That's why for newbies to get success in trading they must acquire good knowledge and trade according to good advice then he will get good profit.

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carlisle1
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December 05, 2023, 10:01:45 AM
 #241

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.
Of course, knowledge is the most important factor in trading, without knowledge, it is never possible to succeed in trading. Good experience is definitely needed to get success and knowledge is very much needed otherwise a person will never be profitable. Of course these strategies should be adopted by a user but he will get good profit by trading and he will be able to advance in future. But most of the victims in trading are new users who often take wrong decisions and take risks. That's why for newbies to get success in trading they must acquire good knowledge and trade according to good advice then he will get good profit.

In each experience that a trader encounter there are knowledge and skills that they can be developed, we all can agree that it's continuous learning
process if we are dealing with trading.

No one can say that they have that strategy that will work every time. There are chances that the market will not be in your favor, so you need to adjust.

With adjustments, you will be able to anticipate both sides of possible market direction and you can place your position, either
it will reach or you need to make a stop if things won't be siding with your favor.
EarnOnVictor
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December 05, 2023, 05:08:04 PM
 #242

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.
Of course, knowledge is the most important factor in trading, without knowledge, it is never possible to succeed in trading. Good experience is definitely needed to get success and knowledge is very much needed otherwise a person will never be profitable. Of course these strategies should be adopted by a user but he will get good profit by trading and he will be able to advance in future. But most of the victims in trading are new users who often take wrong decisions and take risks. That's why for newbies to get success in trading they must acquire good knowledge and trade according to good advice then he will get good profit.

In each experience that a trader encounter there are knowledge and skills that they can be developed, we all can agree that it's continuous learning
process if we are dealing with trading.

No one can say that they have that strategy that will work every time. There are chances that the market will not be in your favor, so you need to adjust.

With adjustments, you will be able to anticipate both sides of possible market direction and you can place your position, either
it will reach or you need to make a stop if things won't be siding with your favor.
Regardless, trading is not for everyone. This is not to discourage people but to help them avoid wasting their money and time if they are most importantly such that can't control their emotions. Good, what you are preaching is accurate, and a means to encourage everyone, but at times, motivation could put people in more trouble, so it's better to say the reality. Not that people will not try their best in trading at all, but after many years of trying without success, I don't think that wasting more money is wise. I know traders in this category, some also quit along the line, yet, I am only happy that I made it and did not quit. Everybody can't be the same.

As much as I always encourage people on this, I know the worst path I had taken and the money I wasted, and I don't think many people can take such a path and survive. To trade, one must have a very strong mind aside from the trading system and others, this is what keeps traders going with any plan they have for the task. But unfortunately, most minds are weak, I know this because I have tutored many and I have them as friends, it's either they give up easily or they are not just qualified for trading. This, they should know by themselves, and if they are sincere enough, why waste money when they are not adequate?

However, I will continue to encourage the new and challenged traders on how to get better at trading, but let them decide on their own if they still have the will and energy to carry on. This, I doubt if the majority will be able to escape through.

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nurilham
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December 05, 2023, 09:59:25 PM
 #243

In each experience that a trader encounter there are knowledge and skills that they can be developed, we all can agree that it's continuous learning process if we are dealing with trading.
Indeed. More experience means more knowledge and skills to be developed. If you have already traded for a long time, you must have enough knowledge and skills. Only the lazy traders who never developed their knowledge and skills. As long as you are normal traders, you will develop both knowledge and skills. Sure, knowledge and skills are related to learning process. It will be timeless or never ends, every trader must always learn to succeed in trading. If a trader stops learning, he can't adapt the trading strategy with the current situation in crypto market.

No one can say that they have that strategy that will work every time. There are chances that the market will not be in your favor, so you need to adjust.
Of course, no strategy that will always work forever and with any condition in crypto market. That's why we need to always learn, it supports us to analyze the proper strategy for the current condition in the market. More knowledge means to have more alternatives in the strategies to apply.


.
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gunhell16
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December 06, 2023, 03:28:46 AM
 #244

but almost every story of a successful trader begins with losses, this is how experience is gained, I doubt that there is any way around this.
When i first started trading my initial two trades were winning trades which made me around 25% profit, after that i was dreaming about Luxury future.
but it never came true because after that two trades i was making losses. and come to this thinking that how anyone can make profit from it?

When we lose money in our trades, we remember those mistakes for a long time. We learn from these errors, and that helps us start making a profit.

It took me a year or so to really grasp the concept of cryptocurrency trading. I'm not ashamed of anything because I worked hard to learn, study, and comprehend it. Even if I had to go back and forth, it was great since I was determined to learn, and happily, my efforts were rewarded.

I've never stopped studying here, and the more we learn, the better our skills get. It indicates that if we constantly improve our minds here, our minds will remain sharp in their knowledge. And if we can keep it up, we will almost certainly be able to keep profiting from it.


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carlisle1
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December 06, 2023, 02:01:04 PM
 #245

In each experience that a trader encounter there are knowledge and skills that they can be developed, we all can agree that it's continuous learning process if we are dealing with trading.
Indeed. More experience means more knowledge and skills to be developed. If you have already traded for a long time, you must have enough knowledge and skills. Only the lazy traders who never developed their knowledge and skills. As long as you are normal traders, you will develop both knowledge and skills. Sure, knowledge and skills are related to learning process. It will be timeless or never ends, every trader must always learn to succeed in trading. If a trader stops learning, he can't adapt the trading strategy with the current situation in crypto market.

Never ending update with every knowledge that you acquire in each trading participation that you made, it's more on adopting with
how the outcome turned to, either you made a profit, or you lose your position, the matter is the knowledge that you acquire.

Quote
No one can say that they have that strategy that will work every time. There are chances that the market will not be in your favor, so you need to adjust.
Of course, no strategy that will always work forever and with any condition in crypto market. That's why we need to always learn, it supports us to analyze the proper strategy for the current condition in the market. More knowledge means to have more alternatives in the strategies to apply.


It's how you adjust and adopt with the way the market is moving, there's no accurate prediction as we are all speculating and
there are factors that may change the direction of the market.
Inwestour
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December 06, 2023, 03:07:05 PM
 #246

It took me a year or so to really grasp the concept of cryptocurrency trading. I'm not ashamed of anything because I worked hard to learn, study, and comprehend it. Even if I had to go back and forth, it was great since I was determined to learn, and happily, my efforts were rewarded.

I've never stopped studying here, and the more we learn, the better our skills get. It indicates that if we constantly improve our minds here, our minds will remain sharp in their knowledge. And if we can keep it up, we will almost certainly be able to keep profiting from it.


I spend a little less time trying to figure out trading, and to be honest, it really tired me, and the results compared to my holding portfolio are simply ridiculous. Considering how much time I spent on trading, I expected that I could achieve more, but in the end I see that holding brings me significantly better results, incomparably better.

At the moment I’m not sure whether it’s worth continuing trading, I suspect that my results will not change much in the future, and I see that in my case it’s better to spend the time that I spent on trading on overtime work and in this case I can earn more , and the money I earn can be invested and get additional profit.

.
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Litzki1990
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December 07, 2023, 06:27:48 AM
 #247

but almost every story of a successful trader begins with losses, this is how experience is gained, I doubt that there is any way around this.
When i first started trading my initial two trades were winning trades which made me around 25% profit, after that i was dreaming about Luxury future.
but it never came true because after that two trades i was making losses. and come to this thinking that how anyone can make profit from it?

When we lose money in our trades, we remember those mistakes for a long time. We learn from these errors, and that helps us start making a profit.

It took me a year or so to really grasp the concept of cryptocurrency trading. I'm not ashamed of anything because I worked hard to learn, study, and comprehend it. Even if I had to go back and forth, it was great since I was determined to learn, and happily, my efforts were rewarded.

I've never stopped studying here, and the more we learn, the better our skills get. It indicates that if we constantly improve our minds here, our minds will remain sharp in their knowledge. And if we can keep it up, we will almost certainly be able to keep profiting from it.


I don't think you have anything to be ashamed of that you have spent enough time studying and learning. There is no age to learn You can take any education at any age. When I studied in the university, I saw that many of my senior brothers were in the same class with us. We were probably the youngest students in our department and many seniors were in the same class as us. If they were shy to study with juniors, then they could not study with us, rather they did not value the age but education, that's why they took classes with junior students like us to learn. It takes you full year to learn about trading but there are many new traders who don't feel the need to learn about trading at all they just take trading based on market volatility. You have studied trading for a year and that person has not studied trading, here you are definitely more likely to make the right decision in trading.

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Xampeuu
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December 07, 2023, 07:01:47 AM
 #248

It took me a year or so to really grasp the concept of cryptocurrency trading. I'm not ashamed of anything because I worked hard to learn, study, and comprehend it. Even if I had to go back and forth, it was great since I was determined to learn, and happily, my efforts were rewarded.

I've never stopped studying here, and the more we learn, the better our skills get. It indicates that if we constantly improve our minds here, our minds will remain sharp in their knowledge. And if we can keep it up, we will almost certainly be able to keep profiting from it.


I spend a little less time trying to figure out trading, and to be honest, it really tired me, and the results compared to my holding portfolio are simply ridiculous. Considering how much time I spent on trading, I expected that I could achieve more, but in the end I see that holding brings me significantly better results, incomparably better.

At the moment I’m not sure whether it’s worth continuing trading, I suspect that my results will not change much in the future, and I see that in my case it’s better to spend the time that I spent on trading on overtime work and in this case I can earn more , and the money I earn can be invested and get additional profit.
It's not an easy thing to be able to trade correctly, many of us give up halfway, but there are also those who are more interested in learning to trade, but don't immediately place all your capital for short-term trading, we can regulate the portion by holding, because it doesn't matter. makes us frustrated and we just have to sell it when the profits match our analysis. Short-term trading is slowly learned until you will understand it yourself

Inwestour
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December 07, 2023, 11:59:25 AM
 #249


It's not an easy thing to be able to trade correctly, many of us give up halfway, but there are also those who are more interested in learning to trade, but don't immediately place all your capital for short-term trading, we can regulate the portion by holding, because it doesn't matter. makes us frustrated and we just have to sell it when the profits match our analysis. Short-term trading is slowly learned until you will understand it yourself
I can compare the results that I have already received from hold and over the same period from trading, so I am not just talking about possible options, I am talking about real results and I see that trading takes up too much of my time, so perhaps there is no point in doing it.

Long-term hold brings significantly better results and does not require much of my time, I can spend free time with my family and this is much more valuable to me, and at the same time, the money I traded can also be invested and they will bring profit. All traders cannot have the same results, maybe someone can outpace the market growth in trading, but this is not given to everyone.

.
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syedakhlaque
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December 09, 2023, 06:43:39 PM
 #250

Bitcoin and crypto trading is a good activity. It is a favorite of the new generation and youth. Women also do it with great enthusiasm. Trading is a such task. Which everyone can learn. And can earn by trading. Trading is also gives fun. And this is a good positive activity.
 Many young and old have become millionaires trading on crypto. Trading here does not require a lot of capital, but it starts with a small amount of capital. Whereas in normal traditional business, the business requires a lot of capital. While crypto work can be start with very little capital, anyone can do it. And can earn well.

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December 11, 2023, 11:59:32 AM
 #251

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the differednce in our profit-making.

Yeah trading is not for everybody that is the reason exchanges come with different tactics like bot copy trading,  that enables any one who don't know how to copy or create their own trade.

I believe in Crypto| BTC Analyst| Trader in good Cex (Bitget and Binance)
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December 11, 2023, 01:22:28 PM
 #252

Yeah just the fact trading not for everyone. Mostly those having the mindset that trading us profits getting scheme without any solid knowledge about it. Due that belief many traders have loss all their funds for trading.For instance they will see people on social media showing off their profits, you think they will also show off their losses and before they went to that level of making those profit they undergo different stages to study about trading and doing the journey I'm pretty sure their losses was more than their profit. What I'm trying to say is that don't any one deceive you they many ways to earn with cryptocurrencies if you see you ain't cutoff for trading then focus on holding taking adventage of market dip doesn't me is also  risk free but trading, especially future trading is more risky. But for those that still have the drive to keep trying put that drive in learning first and you will see how it will benefit you in a long run.

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December 11, 2023, 09:16:57 PM
 #253

Bitcoin and crypto trading is a good activity. It is a favorite of the new generation and youth. Women also do it with great enthusiasm. Trading is a such task. Which everyone can learn. And can earn by trading. Trading is also gives fun. And this is a good positive activity.
 Many young and old have become millionaires trading on crypto. Trading here does not require a lot of capital, but it starts with a small amount of capital. Whereas in normal traditional business, the business requires a lot of capital. While crypto work can be start with very little capital, anyone can do it. And can earn well.
Sure, trading Bitcoin or altcoins is categorized as a good activity because it offers the chance to earn money if we succeed in trading. I don't know whether it is a favorite activity or not, people may have different perception about trading in a different place. In a certain place, trading can be popular activity but it can be not a familiar activity in another place. 

Well, not every person can succeed in trading. So, not all young people can become millionaires in trading. In this matter, we can't conclude that many young people can succeed and be millionaires. We must admit that there are many people who experience losses in trading as well. In reality, not everyone can earn good money from trading.


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December 11, 2023, 09:39:43 PM
 #254

Bitcoin and crypto trading is a good activity. It is a favorite of the new generation and youth. Women also do it with great enthusiasm. Trading is a such task. Which everyone can learn. And can earn by trading. Trading is also gives fun. And this is a good positive activity.
 Many young and old have become millionaires trading on crypto. Trading here does not require a lot of capital, but it starts with a small amount of capital. Whereas in normal traditional business, the business requires a lot of capital. While crypto work can be start with very little capital, anyone can do it. And can earn well.
Sure, trading Bitcoin or altcoins is categorized as a good activity because it offers the chance to earn money if we succeed in trading. I don't know whether it is a favorite activity or not, people may have different perception about trading in a different place. In a certain place, trading can be popular activity but it can be not a familiar activity in another place. 

Well, not every person can succeed in trading. So, not all young people can become millionaires in trading. In this matter, we can't conclude that many young people can succeed and be millionaires. We must admit that there are many people who experience losses in trading as well. In reality, not everyone can earn good money from trading.


Anything that can give out that potential income or earning is always considered to be good excluding with gambling though on which it would really be just that wise that you should really know on how to make yourself hover into this kind of career on which trading is something that could give out that kind of opportunity which there's no doubt on that. It is really just that its not really that something simple to deal with or something
that would really be that really be easily grasps up by someone on which this do simply involved with having skills and wise decision making with it. Trading cant really be learnt up on a short period of time on which
you would really be needing on spending up sufficient time and effort before you could really be able to have a good grasps into it.

Usually people do really rush up themselves on dealing up with something specially on trading on which these things would really be causing that kind of a mistake and error which it would be resulting
in loss of money. Its true that there are really just that things which arent really for us no matter how hard we do try but of course it would be ideal that you should really
be that making those conclusions on the time that you are dealing with specific time frame and not really just that in few moments or short time.

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December 14, 2023, 03:43:04 AM
 #255

Holding crypto isn't for everyone either. Back when I was still new to all the crypto stuff I would be pretty smoked seeing my crypto go down like seriously?

I wanted to try trading crypto but couldn't do so without these insane ass fees.
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December 14, 2023, 07:17:59 AM
 #256

Holding crypto isn't for everyone either. Back when I was still new to all the crypto stuff I would be pretty smoked seeing my crypto go down like seriously?

I sometimes think they were lucky for buying bitcoin for very cheap like cents or some dollars, but after overthinking it. I come to a conclusion that they may have forgotten about their investment or they risked so small to not react or sell after seeing more than 10% pumps and dumps. I invested something in altcoin one day my that altcoin pumped for 10% and another day dumped where I had invested after that day it pumped to 10% than this cycle repeated 3 times on 4th times I booked profit thinking that when It will dump this time I will buy for cheap but it never dumped instead gone to 20% so it is very hard to hold for long time.

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December 14, 2023, 07:32:17 AM
 #257

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
The best way to start the cryptocurrency ecosystem journey is to invest in it and while you are investing in it you start to learn how to trade and when you have known how to trade very well then you can trade with cryptocurrency. And really as the op said, trading has made many up coming millionaires back to their grassroots. And they became from Grace to grass and not from Grass to Grace. And I also agreed with the op that trading is not for everyone. If you know you can't do it just stay on your lane with invest. Hodling Bitcoin has nothing to loss.









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December 14, 2023, 09:05:58 AM
 #258

Of course, trading is not for everyone because some people don't know, how to do trading and they don't want to learn trading. If you can understand the meanings of trading so trading is the best way to make money for you. If you cannot understand the meaning of trading then trading is not for you.

In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.
Of course, knowledge is the most important factor in trading, without knowledge, it is never possible to succeed in trading. Good experience is definitely needed to get success and knowledge is very much needed otherwise a person will never be profitable. Of course these strategies should be adopted by a user but he will get good profit by trading and he will be able to advance in future. But most of the victims in trading are new users who often take wrong decisions and take risks. That's why for newbies to get success in trading they must acquire good knowledge and trade according to good advice then he will get good profit.

In each experience that a trader encounter there are knowledge and skills that they can be developed, we all can agree that it's continuous learning
process if we are dealing with trading.

No one can say that they have that strategy that will work every time. There are chances that the market will not be in your favor, so you need to adjust.

With adjustments, you will be able to anticipate both sides of possible market direction and you can place your position, either
it will reach or you need to make a stop if things won't be siding with your favor.

What you mentioned is true, and I can only add to what you said that continuous learning is a good habit for a trader here in the crypto space. Also, it is not always the case that we only use one strategy when we are in the actual trade.

Because the market is unpredictable, that's why the strategy that we will use is always different. That's why we also use indicators because of the volatility of the assets that we have chosen. This is where it is measured if we are really learning something from our study of trading in the industry we are living in right now.

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December 14, 2023, 11:19:38 AM
 #259

Holding crypto isn't for everyone either. Back when I was still new to all the crypto stuff I would be pretty smoked seeing my crypto go down like seriously?

I wanted to try trading crypto but couldn't do so without these insane ass fees.
You never told us your present disposition about crypto trading, are you able to overcome all these and earning through it?

Besides, some of your reasons here are why people should be careful when they are investing in cryptocurrency. If you are this fearful when it comes to investment, what about trading that could ruin all your accounts within a few minutes? Most times, I do not want to be so rigid that trading or investment is not for everyone, but at times when I have a rethink, I get to shift my ground on it. We are not equally talented, and to some, it might be the money problem, they might not have enough money to complete their trading when the demo account can't complete the training for them as it might not be able to tackle the issue of taming the emotion. But to others, they can't train to the level of building the needed trading system and plans that will be able to win consistently for them and even withstand the test of time.

For others too, it's just mismanagement, while for the last category, it's their psychology, it is too bad, they can't just deal with it in relation to trading. If any trader/investor is missing in any of those, it might be the end of their trading career no matter how they try. Because it could be so discouraging to keep on losing money all the time without having anything to show for it. Will you continue to lose the money and still stay? I guess No. But to those who will fight and fight to overcome all the hurdles in trading and will rather continue to improve themselves, trading is definitely for them and I believe I am in this category. It's in the end that it will become very simple when you have graduated all stages and have given trading all it takes amidst all odds.


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December 14, 2023, 12:37:08 PM
 #260

Holding crypto isn't for everyone either. Back when I was still new to all the crypto stuff I would be pretty smoked seeing my crypto go down like seriously?

I wanted to try trading crypto but couldn't do so without these insane ass fees.
Trading becomes easy when one follows the right paths and everything becomes winning, though there are some trades triggered that doesn't results in profits. Trading is not everyone as presumed, it will take quite long time before a newbie can successfully start earning from the system. Everything needs time and there's definitely those set of people that doesn't have an idea about the system but they do force themselves to learn and at the end of the day, some are profitable while some doesn't stand a chance to gain any solidable profits rather they beckon on losses.

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December 14, 2023, 08:54:09 PM
 #261

~snip~
In trading your knowledge is one of the keys to success and profit, if you don't know what the different strategies, proper execution, and tools to use there's a chance you will lose your trade unless you are sitting only in the uptrend trades like in the last year of the pump of the coins. Its like knowledge is equivalent to success in trading and not as always beginners and guts works here.
This is true that knowledge is the key to success, but in trading, I think experience is more preferable than knowledge because knowledge you can get from everywhere, like YouTube, courses, or watching a tutorial. But experience is one of those things that cannot be learned or taught; rather, it has to be done. That means that by getting knowledge, you only learn what trading is, what you have to do in it, and so on, but in experience, that is with you. Collectives Knowledge is not only understood, but by proving it practically, it brings out a better output andf gives you a conclusion. Despite knowledge, it only recognizes this thing and does not teach its output.

So it means to say that knowledgee is basic in trading, but experience wins more in the market because he did not start trading by acquiring only knowledge, but he showed his knowledge by practicing it. Which way is more profitable and which can be harmful?
 
People always prefer experienced people over those with knowledge. If we loojk all the new people when they enter to the market, they have knowledge, but they don't have experience. So the majority of people lose their funds in trade because they have knowledge but don't have any experience.

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December 14, 2023, 09:56:21 PM
Last edit: December 14, 2023, 10:10:35 PM by nurilham
 #262

Never ending update with every knowledge that you acquire in each trading participation that you made, it's more on adopting with
how the outcome turned to, either you made a profit, or you lose your position, the matter is the knowledge that you acquire.
Sure. Whatever the result of our trading, we must get knowledge or new lesson at least. This is very important to support our trading in the future, it will improve our strategy in trading. So, if we realize about the knowledge whenever we trade, we don't focus on the profits only. There is another thing that is also important for our trading, it is knowledge and experience.

It's how you adjust and adopt with the way the market is moving, there's no accurate prediction as we are all speculating and
there are factors that may change the direction of the market.
Yes, we should adjust the strategy with the current market condition. We must have some strategies because the market condition easily changes. Sure, we can't rely on the prediction because there is no guarantee of it. It can be true or not, so we must prepare any possible thing to happen. In this matter, we must be ready with any market condition possibly happens.


.
Duelbits
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December 16, 2023, 09:22:02 PM
 #263

It's clear that trading is not for everyone and people should just hold if they can't trade, but we also have to let people know that trading is simply a skill. Like every other skill, you get better with proper experience and learn daily.
So if you're interested in trading, start learning. There are different platforms where you can start learning. Also, try to practice what you meant because the best way to learn is by practicing what you have learned. You can have a demon account too, which has helped some people understand how trading works, but you should, it's not in any way the same thing.
Know that you'll make losses, but also know that it's from those losses that you'll learn.

R


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December 16, 2023, 10:57:35 PM
Merited by vapourminer (1)
 #264

It's clear that trading is not for everyone and people should just hold if they can't trade, but we also have to let people know that trading is simply a skill. Like every other skill, you get better with proper experience and learn daily.
Those that are lazy and don't want to trade, at least there is an option which is a very effective method that everyone will agree to.

Hold when you can't trade but that doesn't mean that you're limited to holding. But if you want to try trading, there is no one that's going to stop you.

As long as you can get the heat of the market and you're willing to stay and learn as much as you can with the amount of money that you're also willing to lose, that's what trading for beginners.



.
.BIG WINNER!.
[15.00000000 BTC]


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December 17, 2023, 12:11:54 PM
Merited by vapourminer (1)
 #265

Those that are lazy and don't want to trade, at least there is an option which is a very effective method that everyone will agree to.

I don't think "lazy" is the word. The fact that a person cannot trade or does not want to be a Bitcoin trader doesn't make him lazy. Like I said, "trading is a skill" and everybody cannot have the same skill. Some people hold Bitcoin and only sell and exchange for fiat when they need fiat, they're not traders.
It's okay not to be a trader. Holding, as you said, is a good option too which is relatively less complicated but has its challenges.

R


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December 17, 2023, 06:11:12 PM
 #266

Holding crypto isn't for everyone either. Back when I was still new to all the crypto stuff I would be pretty smoked seeing my crypto go down like seriously?

I wanted to try trading crypto but couldn't do so without these insane ass fees.
Trading becomes easy when one follows the right paths and everything becomes winning, though there are some trades triggered that doesn't results in profits. Trading is not everyone as presumed, it will take quite long time before a newbie can successfully start earning from the system. Everything needs time and there's definitely those set of people that doesn't have an idea about the system but they do force themselves to learn and at the end of the day, some are profitable while some doesn't stand a chance to gain any solidable profits rather they beckon on losses.
I have been involved in trading for a long time and I still find trading very difficult. I have long time trading skills and in this long time I have made good profit from trading and I have lost quite a lot of money but still when I want to start trading new coins I find trading really difficult. People who trade by sight or who are more interested in trading by watching other people's profits find trading very easy. The more a person knows about trading, the more he feels that there is more to know about trading and trading is not so easy to know. Most of the new traders are seen trading only considering the volatility of the market but it doesn't actually fall under any rules of trading but we have to research the market with a clear understanding of the market and we have to accept trading only then we can achieve some success by trading.

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terrific
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December 17, 2023, 07:21:57 PM
 #267

I have been involved in trading for a long time and I still find trading very difficult. I have long time trading skills and in this long time I have made good profit from trading and I have lost quite a lot of money but still when I want to start trading new coins I find trading really difficult.
This is what many people and aspiring traders don't understand. Even the best traders or the ones who have been on this for so long are also struggling.
It's not always a payday for the majority because what they are doing is being conservative with their trades and spending their money worth it every single amount of it.
While with the mistakes that are met on the way while everyone is trading, this also gives us the thought of what if we just stop trading and stay in holding?


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Hamphser
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December 17, 2023, 07:26:55 PM
 #268

Holding crypto isn't for everyone either. Back when I was still new to all the crypto stuff I would be pretty smoked seeing my crypto go down like seriously?

I wanted to try trading crypto but couldn't do so without these insane ass fees.
Trading becomes easy when one follows the right paths and everything becomes winning, though there are some trades triggered that doesn't results in profits. Trading is not everyone as presumed, it will take quite long time before a newbie can successfully start earning from the system. Everything needs time and there's definitely those set of people that doesn't have an idea about the system but they do force themselves to learn and at the end of the day, some are profitable while some doesn't stand a chance to gain any solidable profits rather they beckon on losses.
I have been involved in trading for a long time and I still find trading very difficult. I have long time trading skills and in this long time I have made good profit from trading and I have lost quite a lot of money but still when I want to start trading new coins I find trading really difficult. People who trade by sight or who are more interested in trading by watching other people's profits find trading very easy. The more a person knows about trading, the more he feels that there is more to know about trading and trading is not so easy to know. Most of the new traders are seen trading only considering the volatility of the market but it doesn't actually fall under any rules of trading but we have to research the market with a clear understanding of the market and we have to accept trading only then we can achieve some success by trading.

There are really things on this world which isnt really meant for us or something that we could really be able to learn up no matter on how hard we do and this is why it would really be that better that you should stop but well, we do have those words and sayings that try and try until you do succeed on which it is really right but there are really things in life on which you would really be needing up to give up something
for the better or for good specially if you do see that it is really that affecting you financially then it would really be just that wise that you should really be stopping it rather than it would completely
mess you up in terms of finances.

If you do see that there's still some chance or progress that you are seeing then it wont really be that bad to go further. It would really be just that depending on a certain individual
on how he would really be handling up himself into such scenarios or conditions because not all would really be having that dedication and seriousness on dealing up with something
specially on things that involves capital or funds which not all would really be able to take up such risks.

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December 18, 2023, 12:24:13 PM
 #269

I have been involved in trading for a long time and I still find trading very difficult. I have long time trading skills and in this long time I have made good profit from trading and I have lost quite a lot of money but still when I want to start trading new coins I find trading really difficult.
This is what many people and aspiring traders don't understand. Even the best traders or the ones who have been on this for so long are also struggling.
It's not always a payday for the majority because what they are doing is being conservative with their trades and spending their money worth it every single amount of it.
While with the mistakes that are met on the way while everyone is trading, this also gives us the thought of what if we just stop trading and stay in holding?

Exactly, there's always a learning process after certain trades that we make, even expert or experienced traders also find it difficult, not an
everyday commission after placing their investment.

There are factors that might help them to assess and analyze but together with that factor is the fact that there are other influences that may affect the market.

It's always good to be positive and if ever you experienced losses better to take the knowledge that you learn and keep adjusting.
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December 18, 2023, 09:29:37 PM
 #270

This is what many people and aspiring traders don't understand. Even the best traders or the ones who have been on this for so long are also struggling.
It's not always a payday for the majority because what they are doing is being conservative with their trades and spending their money worth it every single amount of it.
While with the mistakes that are met on the way while everyone is trading, this also gives us the thought of what if we just stop trading and stay in holding?

Exactly, there's always a learning process after certain trades that we make, even expert or experienced traders also find it difficult, not an
everyday commission after placing their investment.

There are factors that might help them to assess and analyze but together with that factor is the fact that there are other influences that may affect the market.

It's always good to be positive and if ever you experienced losses better to take the knowledge that you learn and keep adjusting.
While it's good to keep positive at most times. The good thing about these people who never give up on themselves with trading is that they are patient.
They apply what they've learned and probably what's been tipped to them on how to stay here for so long. And that makes it this isn't for everyone.


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boyptc
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December 18, 2023, 11:58:53 PM
 #271

Those that are lazy and don't want to trade, at least there is an option which is a very effective method that everyone will agree to.

I don't think "lazy" is the word. The fact that a person cannot trade or does not want to be a Bitcoin trader doesn't make him lazy. Like I said, "trading is a skill" and everybody cannot have the same skill.
Well, don't get it wrong mate. It's like that I generalize it and that's for those people like that don't want to trade at all times.

Some people hold Bitcoin and only sell and exchange for fiat when they need fiat, they're not traders.
It's okay not to be a trader.
With such, I still consider them as traders as the actual happens from crypto to fiat although they're not just as active as what we're generalizing as the day traders. But we share the same opinion that it's totally fine whether you are an active trader or not.

Holding, as you said, is a good option too which is relatively less complicated but has its challenges.
Yes, it seems easy but it's not as well. So each of their own has its challenges but we all find holding has easier challenges.



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December 19, 2023, 03:57:49 AM
 #272

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

I previously made a post to advice newbies regarding trading, do not try to trade by yourself it will only end up in loss. If you really have to trade you can opt in for copy trading, exchanges like Bitget has such features.
God bless u
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December 20, 2023, 08:20:25 AM
 #273


Those that are lazy and don't want to trade, at least there is an option which is a very effective method that everyone will agree to.

Hold when you can't trade but that doesn't mean that you're limited to holding. But if you want to try trading, there is no one that's going to stop you.

As long as you can get the heat of the market and you're willing to stay and learn as much as you can with the amount of money that you're also willing to lose, that's what trading for beginners.

If someone takes the taste of trading then he never want to invest in any coin because investment demands time but traders wants to get a expeditious profit but unfortunately they get a expeditious loss of cash. Everyone knows that trading is perilous as compared to investment but they run away from investment but accept trading instead of the fact that although time is required but profit is also very big in investment.

Holding of coin is a suitable option because with investment you can use your own decision to further continue or take the benefit from the enhance price. As in past people have opt Bitcoin at low price so now they have opportunity to take the profit or further continue there investment because here your money is not at much perils as in that of trading.

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December 20, 2023, 08:41:47 AM
 #274

This is what many people and aspiring traders don't understand. Even the best traders or the ones who have been on this for so long are also struggling.
It's not always a payday for the majority because what they are doing is being conservative with their trades and spending their money worth it every single amount of it.
While with the mistakes that are met on the way while everyone is trading, this also gives us the thought of what if we just stop trading and stay in holding?

If your trading results are unsatisfactory, then you should not immediately stop and think that hold is the only best solution (although often this will be the best solution), perhaps you should switch from day trading to medium-term trading. At first glance, this may seem like it will have little effect, but in fact it can have a very significant impact on your results. Medium-term trading will give you much more time to analyze the market, which will remove the rush into transactions and your decisions will be much more conscious.

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December 20, 2023, 03:10:06 PM
 #275

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

I previously made a post to advice newbies regarding trading, do not try to trade by yourself it will only end up in loss. If you really have to trade you can opt in for copy trading, exchanges like Bitget has such features.
You can copy good quality trade there is less chance of loss you have been trading for a long time but the problem is that you are not able to make profit due to various reasons. Or lost the balance copy trading is ideal for this type of person. It is possible for you to start copying without full account verification failure to do so will result in your account being limited to copying for a short period of time.

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December 20, 2023, 05:38:26 PM
 #276

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

I previously made a post to advice newbies regarding trading, do not try to trade by yourself it will only end up in loss. If you really have to trade you can opt in for copy trading, exchanges like Bitget has such features.
You can copy good quality trade there is less chance of loss you have been trading for a long time but the problem is that you are not able to make profit due to various reasons. Or lost the balance copy trading is ideal for this type of person. It is possible for you to start copying without full account verification failure to do so will result in your account being limited to copying for a short period of time.
Usually you would really be needing to pass up some KYC or verification first before you would really be able to make use of copy trading feature. Yes, you could actually make use of this kind of method but are you gonna be that contented in speaking about in overall essence that you would really be just simply be copying and not really that learning trading for yourself? Well,  if you could really be able to bare up with the risk involved
then it would be your choice. If you are able to make accept that you wouldnt really be learning trading on your own then it would be your choice. It is really just that a matter of preference since not all would really
be considering on having the same impression into things.

I do agree that trading couldnt really be for everyone but people should really be at least trying out to do all sorts of things just for them to make at least some consideration to continue trading
or learning on it own. Trading isnt something that could really be learnt up in a short period of time on which it would really be just that normal that long time engagement and test or trial
and error would really be something that wont really be that long. So expect that it wont really be that a smooth journey to have.

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December 20, 2023, 06:32:50 PM
 #277

It's clear that trading is not for everyone and people should just hold if they can't trade, but we also have to let people know that trading is simply a skill. Like every other skill, you get better with proper experience and learn daily.
So if you're interested in trading, start learning. There are different platforms where you can start learning. Also, try to practice what you meant because the best way to learn is by practicing what you have learned. You can have a demon account too, which has helped some people understand how trading works, but you should, it's not in any way the same thing.
Know that you'll make losses, but also know that it's from those losses that you'll learn.
Of course trading is not for everyone. This question is the same as the question "why doesn't everyone just become a soccer athlete?" Or “why wouldn't someone like fishing as a hobby?”

Because everyone has different passions, interests and risk profiles. Besides that, the risk of trading is very large. However, this risk is also accompanied by large profits, so some people are attracted to these fast profits.

On the other hand, why trading is not for everyone is because not everyone has the time and ability to trade. A trader must have strong mental and financial resilience, which not everyone is able to bear. Moreover, you have to frequently monitor market and world economic news.

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December 20, 2023, 09:54:31 PM
 #278

Of course trading is not for everyone. This question is the same as the question "why doesn't everyone just become a soccer athlete?" Or “why wouldn't someone like fishing as a hobby?”
Yes, it is about the preference of each person. Besides it is about skills/ability, each person may have a different favorite thing. So, we can expect that all people will prefer to do the same thing.

Because everyone has different passions, interests and risk profiles. Besides that, the risk of trading is very large. However, this risk is also accompanied by large profits, so some people are attracted to these fast profits.
Indeed. Besides the preference, the risk in trading is quite high. Not every person can deal with the risk, some people prefer to do something with less risks. Sure, it is true that trading also offers good profits but people must feel worried to see the possible risks. That's why some people prefer to focus in investments.

A trader must have strong mental and financial resilience, which not everyone is able to bear. Moreover, you have to frequently monitor market and world economic news.
Yes. A trader must be a person with strong mentality and he has enough time to check the market. If we are busy men and have weak mentality, we are better to focus on Bitcoin investment only.


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December 20, 2023, 09:54:59 PM
 #279

Those that are lazy and don't want to trade, at least there is an option which is a very effective method that everyone will agree to.

Hold when you can't trade but that doesn't mean that you're limited to holding. But if you want to try trading, there is no one that's going to stop you.

As long as you can get the heat of the market and you're willing to stay and learn as much as you can with the amount of money that you're also willing to lose, that's what trading for beginners.

If someone takes the taste of trading then he never want to invest in any coin because investment demands time but traders wants to get a expeditious profit but unfortunately they get a expeditious loss of cash. Everyone knows that trading is perilous as compared to investment but they run away from investment but accept trading instead of the fact that although time is required but profit is also very big in investment.

Holding of coin is a suitable option because with investment you can use your own decision to further continue or take the benefit from the enhance price. As in past people have opt Bitcoin at low price so now they have opportunity to take the profit or further continue there investment because here your money is not at much perils as in that of trading.
Well, it changes.

There are traders that want to become investors because they can't take the very pressure of the market. And on the other hand, there are investors that want to get involved in trading but let them explore what they want to explore.

It is their money that they shall do the experiment and whichever works for them, they'll determine that and we're all hoping for the best to all of them.



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December 20, 2023, 11:04:29 PM
 #280

This is what many people and aspiring traders don't understand. Even the best traders or the ones who have been on this for so long are also struggling.
It's not always a payday for the majority because what they are doing is being conservative with their trades and spending their money worth it every single amount of it.
While with the mistakes that are met on the way while everyone is trading, this also gives us the thought of what if we just stop trading and stay in holding?

If your trading results are unsatisfactory, then you should not immediately stop and think that hold is the only best solution (although often this will be the best solution), perhaps you should switch from day trading to medium-term trading. At first glance, this may seem like it will have little effect, but in fact it can have a very significant impact on your results. Medium-term trading will give you much more time to analyze the market, which will remove the rush into transactions and your decisions will be much more conscious.
You know what can be the best approach for yourself. If it's effective to stop immediately then you have to.
But if you think that there's a better approach and you think that you need to observe first before stopping, there's no one that's going to stop you as well so, whichever is the best thing to do. It is still you that's going to do and know it because it's on you.


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December 21, 2023, 03:22:25 PM
Merited by fillippone (1)
 #281

Of course trading is not for everyone. This question is the same as the question "why doesn't everyone just become a soccer athlete?" Or “why wouldn't someone like fishing as a hobby?”

Because everyone has different passions, interests and risk profiles. Besides that, the risk of trading is very large. However, this risk is also accompanied by large profits, so some people are attracted to these fast profits.

On the other hand, why trading is not for everyone is because not everyone has the time and ability to trade. A trader must have strong mental and financial resilience, which not everyone is able to bear. Moreover, you have to frequently monitor market and world economic news.
Yes, of course each person has different interests from one another and if everyone has the same interests it would be really strange to see this happen.
In trading there are certainly risks and profits, but if we don't understand it well, of course we will lose in the trading we do. Those who are interested in making easy profits in trading certainly don't understand the risk of losses that will be incurred when making wrong decisions in trading.
You are right, not everyone has the ability to trade, because without the ability to understand the market and also control ourselves in trading, I think we will make the wrong decisions in trading.

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December 21, 2023, 08:21:15 PM
 #282

Of course trading is not for everyone. This question is the same as the question "why doesn't everyone just become a soccer athlete?" Or “why wouldn't someone like fishing as a hobby?”

Because everyone has different passions, interests and risk profiles. Besides that, the risk of trading is very large. However, this risk is also accompanied by large profits, so some people are attracted to these fast profits.

On the other hand, why trading is not for everyone is because not everyone has the time and ability to trade. A trader must have strong mental and financial resilience, which not everyone is able to bear. Moreover, you have to frequently monitor market and world economic news.
Yes, of course each person has different interests from one another and if everyone has the same interests it would be really strange to see this happen.
In trading there are certainly risks and profits, but if we don't understand it well, of course we will lose in the trading we do. Those who are interested in making easy profits in trading certainly don't understand the risk of losses that will be incurred when making wrong decisions in trading.
You are right, not everyone has the ability to trade, because without the ability to understand the market and also control ourselves in trading, I think we will make the wrong decisions in trading.
When we do speak or talk about interest then its true that it would really differ into each other on which it would really be just that a common thing into this life on which it is really just that normal that
there are people who do able to succeed and there are those people who do fail no matter how hard they would be doing. Its true that there are things in life which arent that meant for us. no matter matter how hard we do.
It is really just that there are those people who are really that thriving out and dont easily give up on things that they are trying to do. Speaking about trading then this isnt something a skill that you could really be able to
get or could be able to master. It would be taking up some time before you could really be having a good grasps into it.

It is really just that there are people who do really easily quit and there are ones who dont no matter how many struggles and failures that they do able to encounter or experience.
It is really just it depends on someone who are really that serious on learning it up, failure and mistakes would be common but not that enough for them to completely stop.
Well, its a good behavior but we should really know on when to stop when everything do seem not really that for us.

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December 22, 2023, 06:31:17 AM
 #283

It is important for all beginners to be able to understand the price fluctuations of the crypto market, do not trade just because you follow other people's advice and do not learn how it works.  Most beginners stop trading crypto because they are impatient to make quick profits.  In fact, crypto trading requires skills to minimize losses and does not always produce profits.

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December 22, 2023, 06:46:46 AM
 #284

Indeed, crypto not only requires understanding fundamental or technical analysis, but it also requires effort to believe in what we are taking. This is why trading is not suitable for everyone. More specifically, trading is not suitable for people who are doubtful about their analytical skills. I'm sure that even if he has practiced or developed his knowledge for years in trading, it won't make him understand that it's just theory unless he tries it directly.
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December 22, 2023, 06:53:03 AM
 #285

It is important for all beginners to be able to understand the price fluctuations of the crypto market, do not trade just because you follow other people's advice and do not learn how it works.  Most beginners stop trading crypto because they are impatient to make quick profits.  In fact, crypto trading requires skills to minimize losses and does not always produce profits.

It requires patience and knowledge to survive, not an easy task as we all that there are many pressures which influenced the possibilities,
you can make a profit but also you can lose your money in a single trade.

Not for everyone in the sense that the market movement can surprise each individual traders no matter what, this venue needs careful analysis
and lots of research to make sure that it will work for you.

Price volatility is a big risk but also can be use as opportunity to make decent benefits if you follow and invest in the right time.
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December 25, 2023, 11:51:00 PM
Last edit: December 29, 2023, 09:22:28 PM by bocyaj
 #286

It is important for all beginners to be able to understand the price fluctuations of the crypto market, do not trade just because you follow other people's advice and do not learn how it works.  Most beginners stop trading crypto because they are impatient to make quick profits.  In fact, crypto trading requires skills to minimize losses and does not always produce profits.

The crypto market was not the stable one because of the decentralised network,So the beginning traders must use the opportunities to make money by holding the coin for the longer period.The trader after some pump in the price,they simply withdraw the funds.But they need to understand,if they hold for long periods will give them good returns.The trader should teach their younger generation for the trading,So they will get into cryptocurrency at their earliest stage and earn in the future.This was the important thing for the gamblers to adopt the gambling from their past to the present days.

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January 27, 2024, 10:00:10 AM
 #287

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
It is true that trading is not suitable for everyone and those who consider this trading platform as a means of easy earning are the ones who suffer the most from this trading platform. There are many newbie traders who jump into trading in the beginning and take profit in two trades and later lose their money on the trading platform due to lack of proper knowledge of their trading strategy. Holding is always better for those newbies if they keep holding without trading then they will get good positive results during the bull season of the market.

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January 27, 2024, 10:06:33 AM
 #288

Despite the fact that trading is not for everyone, we all still have the chance to try it and see what will be the outcome as we can't say if this is for us until we never try. And this is because not all have the kind of mindset or behavior that fits the nature of the crypto market. In fact, even experienced traders outside crypto, never push themselves to do it because they are not comfortable as well. It is really matter on where are good at.

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January 27, 2024, 11:55:03 AM
 #289

Quote from: olib123
Despite the fact that trading is not for everyone, we all still have the chance to try it and see what will be the outcome as we can't say if this is for us until we never try. And this is because not all have the kind of mindset or behavior that fits the nature of the crypto market. In fact, even experienced traders outside crypto, never push themselves to do it because they are not comfortable as well. It is really matter on where are good at.
If you can accommodate the risk that involved in trading, you can try to see the outcome of your efforts but the most important thing there, is that try to know when to trade in the market and when not to trade coins in the market before embarking on crypto trading because there are some losses you will meet in the market it will make you to hate trading.

 I know if you are good in trading, it will be difficult for you to trade when the time to trade is not arrive because you will ensure that the right time come before you can trade to let people know that trading is good for those that have the skills.

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January 27, 2024, 12:53:55 PM
 #290


 I know if you are good in trading, it will be difficult for you to trade when the time to trade is not arrive because you will ensure that the right time come before you can trade to let people know that trading is good for those that have the skills.
and that's the reality. trading is only for those with skills. If you don't have it, please learn first. If you force yourself to trade without skill then take the risk of loss.
The way people trade is different. and some traders may have a bias towards certain assets. such as avoiding new memecoins or altcoins. but some like trading with new altcoins. especially when it has just been listed on a fairly large exchange. traders look for short-momentum pumps to gain profits.

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January 27, 2024, 02:09:56 PM
 #291


 I know if you are good in trading, it will be difficult for you to trade when the time to trade is not arrive because you will ensure that the right time come before you can trade to let people know that trading is good for those that have the skills.
and that's the reality. trading is only for those with skills. If you don't have it, please learn first. If you force yourself to trade without skill then take the risk of loss.
The way people trade is different. and some traders may have a bias towards certain assets. such as avoiding new memecoins or altcoins. but some like trading with new altcoins. especially when it has just been listed on a fairly large exchange. traders look for short-momentum pumps to gain profits.

Not only with skills but rather for those people have patience and long understanding that trading is easy rich schemes for them. If they are hardworking plus they add up some critical thinking towards the way how they trade for sure they became successful on their trades and can able to handle well those unwanted things that can disturb on how they trade those certain assets in the market. Only experience trader would advise anyone to avoid trading meme coin or they don't like to trade that type of token since they know for theirselves that those coins are scam and to risky for them to choose that tokens since they might lose more than have a good chance to earn a profit. Much better if we study well on those crypto's we are going to trade so that we could test out if we like to trade for short term to gain profit or can able to handle those long trades and last can we risk on those meme or other short term tokens in the market.

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January 27, 2024, 10:41:58 PM
 #292

Despite the fact that trading is not for everyone, we all still have the chance to try it and see what will be the outcome as we can't say if this is for us until we never try. And this is because not all have the kind of mindset or behavior that fits the nature of the crypto market. In fact, even experienced traders outside crypto, never push themselves to do it because they are not comfortable as well. It is really matter on where are good at.

It is true that everybody doesn't have the right mindset to be a successful trader but right now there are various ways available in the market that can be used to earn profit from trading without getting directly involved. Copy trading has become widely popular recently due to the high profit opportunity. Also some projects are offering AI-based trading tools that can be used to trade which i am totally against due to the risk involved. But we can use trades like grid trading and trailing take profit by using a trading bot that is not AI but can give you a satisfied result.









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January 28, 2024, 02:45:53 AM
 #293

Despite the fact that trading is not for everyone, we all still have the chance to try it and see what will be the outcome as we can't say if this is for us until we never try. And this is because not all have the kind of mindset or behavior that fits the nature of the crypto market. In fact, even experienced traders outside crypto, never push themselves to do it because they are not comfortable as well. It is really matter on where are good at.

It is true that everybody doesn't have the right mindset to be a successful trader but right now there are various ways available in the market that can be used to earn profit from trading without getting directly involved. Copy trading has become widely popular recently due to the high profit opportunity. Also some projects are offering AI-based trading tools that can be used to trade which i am totally against due to the risk involved. But we can use trades like grid trading and trailing take profit by using a trading bot that is not AI but can give you a satisfied result.
Copy trading is better for beginners Because here they can make profit without involved themself on trading and without any research and analysis. but it is risky if you follow and copy non expert traders then you can face a big loss. so for copy trading always we should careful and use low amount in first time and when you will familiar with copy trading then increase some. this strategy can work well for copy trading otherwise you will loss



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Rainbot
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January 28, 2024, 08:36:26 AM
 #294

so why bother to trade when your knowledge and skills are not sufficient enough to make trading work.
It's because newbie traders mind tells trading is the way to get out of a poor life. Their mind is full positivity, and positive emotions where even they don't have enough knowledge in trading they think that it's easy. It's also what mostly mentors taught that you will be rich in trading, and that's what I also taught before. Realistically, it's possible to happen but if you only have a small amount of funds it's difficult to be in that place because you're not always win in trading,  there's no always a good setup in the market, and sometimes you experience a couple of loses. And that's what I see in trading that make our dreams to hold but we have to pursue trading especially if we are profitable because you will only fail if you quit.
Patience is very important in trading. We always have to invest with patience in trading. Trading can't be done in a hurry for newbies, there are usually many of us who are in a hurry when it comes to trading. We always have to have a long term plan for trading. Many times it is seen that many people think of becoming millionaires overnight by trading. In that case, they are very hasty and without checking the market, they make decisions very quickly due to which they suffer a lot. So. We always have to have a long term plan in our trading. Gain enough knowledge about trading. If we don't have good knowledge about trading, then we can't know much about trading. How to invest, where to trade.

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January 29, 2024, 07:37:42 PM
 #295

Not everything in this world is for everyone. Likewise, trading is not for everyone. Unless you have the necessary knowledge, skills, ability to analyze the market and arrange the necessary capital then trading is definitely not for you. Moreover, if you jump into trading without understanding anything, you will definitely lose capital. You learn slowly and then get attached to trading.

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January 29, 2024, 08:26:15 PM
 #296

so why bother to trade when your knowledge and skills are not sufficient enough to make trading work.
It's because newbie traders mind tells trading is the way to get out of a poor life. Their mind is full positivity, and positive emotions where even they don't have enough knowledge in trading they think that it's easy. It's also what mostly mentors taught that you will be rich in trading, and that's what I also taught before. Realistically, it's possible to happen but if you only have a small amount of funds it's difficult to be in that place because you're not always win in trading,  there's no always a good setup in the market, and sometimes you experience a couple of loses. And that's what I see in trading that make our dreams to hold but we have to pursue trading especially if we are profitable because you will only fail if you quit.
Patience is very important in trading. We always have to invest with patience in trading. Trading can't be done in a hurry for newbies, there are usually many of us who are in a hurry when it comes to trading. We always have to have a long term plan for trading. Many times it is seen that many people think of becoming millionaires overnight by trading. In that case, they are very hasty and without checking the market, they make decisions very quickly due to which they suffer a lot. So. We always have to have a long term plan in our trading. Gain enough knowledge about trading. If we don't have good knowledge about trading, then we can't know much about trading. How to invest, where to trade.
Sooner or later you would really be able to realize on what are the things which you would really be needing up to adjust on the time that you have been that affected much by those impulsive emotions on which it did really lead into disaster on which this is something that you would really be needing up to adjust accordingly or basing up into the condition that you are really that facing into. There are really just those people who are really that
not able to make out such move or actions not until they would really be able to experience for themselves into those real conditions or situations on which they would really be needing to adjust accordingly.

Some might be able to adapt it well and some couldn't on which it would really be that depending on someones actions. Its true that there are really things which arent meant for us no matter how hard we do
try and how much hard we do able to deal with. Well, we dont know for those things if we dont try and there's no harm on trying though but of course everything should be in moderation considering
that we are talking money spending or investment on here.

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January 29, 2024, 11:10:21 PM
 #297

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Trading is not open to everyone. Trading is never suitable especially for new traders who consider this trading platform as a means of easy earning and are the biggest losers in trading platforms. Beginners should always buy in deep markets and sell in bull markets. Many new traders have lost themselves trying to prove themselves on the trading platform so I would say to every new trader you should get good experience on the trading platform and then start trading on the trading platform.

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January 30, 2024, 09:30:01 AM
 #298

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
It is true that trading is not for everyone, on the other hand trading is good for those who understand trading well and follow trading strategies. If a trader can trade by following the trading strategy then he can get success from the trading platform whereas if a new trader is not experienced about the trading strategy then he will not get success from the trading platform. So it must be suitable for him to hold long without trading. If such a new trader can go long without trading then he will definitely have more success when the market starts a bull run. So those who have trading experience can trade and those who have no trading experience can hold long period instead of trading.

SUGAR
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rozak
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January 30, 2024, 09:46:46 AM
 #299

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
It is true that trading is not for everyone, on the other hand trading is good for those who understand trading well and follow trading strategies. If a trader can trade by following the trading strategy then he can get success from the trading platform whereas if a new trader is not experienced about the trading strategy then he will not get success from the trading platform. So it must be suitable for him to hold long without trading. If such a new trader can go long without trading then he will definitely have more success when the market starts a bull run. So those who have trading experience can trade and those who have no trading experience can hold long period instead of trading.

but still, more beginners are interested in trading rather than holding their assets for a long time. perhaps that can be done while they learn trading techniques. because trading cannot be learned, those who are now professional traders were also initially beginners in trading. they learn techniques and also gather experience in trading. especially those who are experienced and know what is a good situation to trade or should wait for a better market.



BIG WINNER!
[15.00000000 BTC]


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Rainbot
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January 30, 2024, 12:15:21 PM
 #300

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
It is true that trading is not for everyone, on the other hand trading is good for those who understand trading well and follow trading strategies. If a trader can trade by following the trading strategy then he can get success from the trading platform whereas if a new trader is not experienced about the trading strategy then he will not get success from the trading platform. So it must be suitable for him to hold long without trading. If such a new trader can go long without trading then he will definitely have more success when the market starts a bull run. So those who have trading experience can trade and those who have no trading experience can hold long period instead of trading.

but still, more beginners are interested in trading rather than holding their assets for a long time. perhaps that can be done while they learn trading techniques. because trading cannot be learned, those who are now professional traders were also initially beginners in trading. they learn techniques and also gather experience in trading. especially those who are experienced and know what is a good situation to trade or should wait for a better market.
Most of the people who are attracted to trading in a new way jump into trading after seeing the success of others and are not well aware of the pros and cons of trading. Due to this they fail in trading. Trading is a very difficult thing. And those who don't want to accept it and consider trading as an easy way of income. So many big losses are made by wrong investment. The reason is that the price of each coin is constantly going up and down so no one can tell when the price of a coin will go down.  So if one makes wrong investments here it will take a long time to recover them



BIG WINNER!
[15.00000000 BTC]


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January 30, 2024, 12:47:20 PM
 #301

Therefore, it is important for someone to be able to search first whether trading or investment is more suitable for them. Because if they force themselves to trade, even though they are lazy enough to analyze the market and read the news, then trading is not suitable for them. It is better for them to be able to invest because all they need to do is invest their money, whether with the DCA or lump sump method. They don't need to analyze the market or bother learning trading techniques, because all they need to do is hold for the long term until they reach the goals they have set.

R


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January 30, 2024, 01:03:28 PM
 #302

Most of the people who are attracted to trading in a new way jump into trading after seeing the success of others and are not well aware of the pros and cons of trading. Due to this they fail in trading. Trading is a very difficult thing. And those who don't want to accept it and consider trading as an easy way of income. So many big losses are made by wrong investment.
Yes newbies need to acquire a lot of knowledge about trading to trade so that they don't make this mistake. Before trading one must gain experience about trading then anyone should trade any coin. Did you mean altcoins by the wrong coin Many people choose altcoins to invest or trade in new situations. Investing in the wrong coin is bound to incur losses. However, those who want to invest or trade in a new state should avoid various alt coins and invest or trade in Bitcoin. Investing or trading in Bitcoin is much safer for beginners.

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January 30, 2024, 01:23:18 PM
 #303

Trading is for everyone if you know how to do that. To generate income from trading you don't need to actively participate in the market. There are many more convenient option available that you can use to generate money from trading where some basic understanding of market is enough. Copy trading, Trading bot, AI trading is getting more popular these days because of their positive outcome observed by many new traders. They saw this as an opportunity to make money for all the parties.

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January 30, 2024, 01:31:55 PM
 #304

Therefore, it is important for someone to be able to search first whether trading or investment is more suitable for them. Because if they force themselves to trade, even though they are lazy enough to analyze the market and read the news, then trading is not suitable for them. It is better for them to be able to invest because all they need to do is invest their money, whether with the DCA or lump sump method. They don't need to analyze the market or bother learning trading techniques, because all they need to do is hold for the long term until they reach the goals they have set.
There is a difference when to start buying, so to become a successful investor, you still have to be a good analyst and be able to determine what the market is now and where it is going.

If the market is bearish and is in an active downtrend, then it may be worth waiting for the accumulation phase to begin and only then start buying. The extent to which an investor is able to analyze the market will determine how much profit he can make. You can start buying too early and this will ultimately lead to lost profits. If it were so easy, then everyone could use DCA and become rich, but for some reason this does not happen.

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January 30, 2024, 05:31:04 PM
 #305

but still, more beginners are interested in trading rather than holding their assets for a long time. perhaps that can be done while they learn trading techniques. because trading cannot be learned, those who are now professional traders were also initially beginners in trading. they learn techniques and also gather experience in trading. especially those who are experienced and know what is a good situation to trade or should wait for a better market.
Most of the people who are attracted to trading in a new way jump into trading after seeing the success of others and are not well aware of the pros and cons of trading. Due to this they fail in trading. Trading is a very difficult thing. And those who don't want to accept it and consider trading as an easy way of income. So many big losses are made by wrong investment. The reason is that the price of each coin is constantly going up and down so no one can tell when the price of a coin will go down.  So if one makes wrong investments here it will take a long time to recover them
That's why there is a title why trading is not for everyone. For those who are still beginners in trading, they just follow along because seeing other people succeed in trading will be the main problem that makes them fail in trading. Apart from requiring money, trading also requires strategy and knowledge about trading, so that these two elements complement each other, without one of these elements it will ultimately result in failure.

Trading can make your finances good and can also make your finances bankrupt. So it's true that not just anyone can enter the world of trading, especially as we all understand that trading is a complicated thing, learning to trade has no limits, every trade is learning from mistakes.
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January 30, 2024, 06:25:26 PM
 #306

Therefore, it is important for someone to be able to search first whether trading or investment is more suitable for them. Because if they force themselves to trade, even though they are lazy enough to analyze the market and read the news, then trading is not suitable for them. It is better for them to be able to invest because all they need to do is invest their money, whether with the DCA or lump sump method. They don't need to analyze the market or bother learning trading techniques, because all they need to do is hold for the long term until they reach the goals they have set.
Yes, you are right, everyone who wants to benefit from the two things you mentioned must of course first examine carefully what they like and don't let them regret it when they do one of these two things, therefore not everyone can when they don't often see coins that have the potential to trade, it would be better not to trade, because those who are experienced still make mistakes if they don't follow market developments and if we choose to invest, we also have to look at coins that can actually earn money. the benefits of the investment we make and if we choose to use the DCA method we must be able to do it consistently until the profit target we have set.
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January 30, 2024, 07:27:35 PM
 #307

I also think trading is not for everyone. Training is not too easy matter. For proper trading, need proper knowledge about crypto market and trading rules. Without proper knowledge trading will be very risky. So everyone can gather knowledge about trading. Even some traders trade in critical situation which is very harmful for trading. For good trading mental refreshment is very essential. Even another important things avoid greediness. If anyone unable to avoid greediness he will be losser in trading.

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January 30, 2024, 07:42:34 PM
 #308

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
It is true that trading is not for everyone, on the other hand trading is good for those who understand trading well and follow trading strategies. If a trader can trade by following the trading strategy then he can get success from the trading platform whereas if a new trader is not experienced about the trading strategy then he will not get success from the trading platform. So it must be suitable for him to hold long without trading. If such a new trader can go long without trading then he will definitely have more success when the market starts a bull run. So those who have trading experience can trade and those who have no trading experience can hold long period instead of trading.

but still, more beginners are interested in trading rather than holding their assets for a long time. perhaps that can be done while they learn trading techniques. because trading cannot be learned, those who are now professional traders were also initially beginners in trading. they learn techniques and also gather experience in trading. especially those who are experienced and know what is a good situation to trade or should wait for a better market.
Most of the people who are attracted to trading in a new way jump into trading after seeing the success of others and are not well aware of the pros and cons of trading. Due to this they fail in trading. Trading is a very difficult thing. And those who don't want to accept it and consider trading as an easy way of income. So many big losses are made by wrong investment. The reason is that the price of each coin is constantly going up and down so no one can tell when the price of a coin will go down.  So if one makes wrong investments here it will take a long time to recover them
Once you do see such success then you would really be having those assumptions that you could also do it easily without even trying out to be that realistic on how those people do able to attain those profitable trades on which its never been that easy nor simple. It is really just that those wrong ideas would really be the reason on why you would really be ending up miserable because of that too much desperation
but well, everything would really be realized along the way on the time that you would be able to learn up that trading isnt something simple that you could be able to obtain such skill.
It would really be taking up a long time and wouldreally be engaging into tons of various situations or conditions.

This is why when you do tend on hovering something over then you should really be making out such research so that you wont really be ending up on messing around.
Mistakes and errors are normal but on the time that you are really that making yourself being that adaptive then it wouldnt really be that much of a problem.

R


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January 30, 2024, 09:59:10 PM
 #309

but still, more beginners are interested in trading rather than holding their assets for a long time. perhaps that can be done while they learn trading techniques. because trading cannot be learned, those who are now professional traders were also initially beginners in trading. they learn techniques and also gather experience in trading. especially those who are experienced and know what is a good situation to trade or should wait for a better market.
I think the beginners will be interested in both trading and investing. If some beginners prefer to learn trading, it is no problem because they may have a better understanding in trading. I'm sure wise beginners must be aware that they need to focus on learning first if they really want to be good traders. Beginners can learn trading, why you said it can't be learned? Both trading and investing can be learned by everyone, there is some basic knowledge to learn first before starting them. You must know that there are varied sources to learn trading or investing nowadays. Just google and we will find our many articles or videos to explain it!

Maybe in the old era, people said experience can't be learned. But now, we can learn it from the experience of other people. Moreover when we talk about skills or techniques, all of them are something very common to learn. So, as long as we have an intention to learn, many things can be learned because we have many sources now.



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January 31, 2024, 04:04:14 AM
 #310

I would say yes in so many cases, yes trading of futures is not for newbies, yes trading is not for for someone that have no knowledge of the craft, yes trading is not for an impatience person, yes trading is not for someone that have no knowledge of technical analysis, yes trading is not for those that think it's a get rich quick scheme, yes it not for everyone because their are some people that even though they are being taught trading since from childhood, they wouldn't still know anything about it, but just know that in trading, their are people that are born for it, they knows the craft like ABC, even though they get some losses at some point, they will still be profitable, because they know how to manage their risk, so you are right, trading is not for everyone.

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January 31, 2024, 05:28:44 AM
 #311

I would say yes in so many cases, yes trading of futures is not for newbies, yes trading is not for for someone that have no knowledge of the craft, yes trading is not for an impatience person, yes trading is not for someone that have no knowledge of technical analysis, yes trading is not for those that think it's a get rich quick scheme, yes it not for everyone because their are some people that even though they are being taught trading since from childhood, they wouldn't still know anything about it, but just know that in trading, their are people that are born for it, they knows the craft like ABC, even though they get some losses at some point, they will still be profitable, because they know how to manage their risk, so you are right, trading is not for everyone.

perhaps not for everyone who can benefit. but everyone can learn to trade. There is no prohibition against anyone trying to learn to trade. the issue of success and success or failure all depends on the trader's abilities.
Trading techniques weren't something ordinary people couldn't learn. As long as they are willing to try and have interest, they can do it. the problem of how quickly they understand comes back to each person's level of understanding.









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January 31, 2024, 08:05:12 AM
 #312

I also think trading is not for everyone. Training is not too easy matter. For proper trading, need proper knowledge about crypto market and trading rules. Without proper knowledge trading will be very risky. So everyone can gather knowledge about trading. Even some traders trade in critical situation which is very harmful for trading. For good trading mental refreshment is very essential. Even another important things avoid greediness. If anyone unable to avoid greediness he will be losser in trading.
We have to control our greed while trading. If we can't control our greed, it will be difficult for us to make a profit while trading. I don't want to take the risk of trading at the wrong time. All these times we will refrain from trading.  Just for those who understand trading and have good ideas.


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February 01, 2024, 09:03:28 AM
 #313

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.
This is only suitable when applied to Bitcoin, because when you apply it to altcoins or tokens you will never know what the fate of the project will be in the long term, even though they are still available on CEX or DEX but they can turn in just one night into a scam project so even if collect it at a cheap price, it may still have no value when the project turn into scams.
Beginner traders would be better trading in Bitcoin compared to altcoins because if there is a decline they can change to hold it and wait for the price to recover and go higher, whereas altcoins will very likely never recover, we can see on CMC and only altcoins that are stable and listed on major exchanges with high trading volume that has a chance to recover or even reach the latest ATH the rest is just rubbish.

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February 01, 2024, 10:45:58 AM
 #314

This is only suitable when applied to Bitcoin, because when you apply it to altcoins or tokens you will never know what the fate of the project will be in the long term, even though they are still available on CEX or DEX but they can turn in just one night into a scam project so even if collect it at a cheap price, it may still have no value when the project turn into scams.
Beginner traders would be better trading in Bitcoin compared to altcoins because if there is a decline they can change to hold it and wait for the price to recover and go higher, whereas altcoins will very likely never recover, we can see on CMC and only altcoins that are stable and listed on major exchanges with high trading volume that has a chance to recover or even reach the latest ATH the rest is just rubbish.
It is not necessary for a beginner to start only with Bitcoin, if we are talking about trading, then it can also be other coins, and to avoid such a case as you described, you do not need to invest your entire trading deposit in one coin, then you will not receive such significant damage if this happens to only one altcoin. Beginners often choose altcoins because they are more volatile and this gives them the opportunity to grow their funds faster, or they just think so.

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February 01, 2024, 05:55:20 PM
 #315

This is only suitable when applied to Bitcoin, because when you apply it to altcoins or tokens you will never know what the fate of the project will be in the long term, even though they are still available on CEX or DEX but they can turn in just one night into a scam project so even if collect it at a cheap price, it may still have no value when the project turn into scams.
Beginner traders would be better trading in Bitcoin compared to altcoins because if there is a decline they can change to hold it and wait for the price to recover and go higher, whereas altcoins will very likely never recover, we can see on CMC and only altcoins that are stable and listed on major exchanges with high trading volume that has a chance to recover or even reach the latest ATH the rest is just rubbish.
It is not necessary for a beginner to start only with Bitcoin, if we are talking about trading, then it can also be other coins, and to avoid such a case as you described, you do not need to invest your entire trading deposit in one coin, then you will not receive such significant damage if this happens to only one altcoin. Beginners often choose altcoins because they are more volatile and this gives them the opportunity to grow their funds faster, or they just think so.
Both Bitcoin and other altcoins are almost equal when it comes to trading because all other cryptos including Bitcoin fluctuate in price and no one can guarantee or accurately predict when the price of any coin will rise or when the price of Bitcoin will rise. So all coins including Bitcoin are risky when it comes to trading. But if you are thinking of holding then Bitcoin is definitely better because long term investment is more likely to profit from Bitcoin and it is more guaranteed. I am not giving financial advice to anyone. I only mean that Bitcoin has made history so far



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February 01, 2024, 07:26:00 PM
 #316

I would say yes in so many cases, yes trading of futures is not for newbies, yes trading is not for for someone that have no knowledge of the craft, yes trading is not for an impatience person, yes trading is not for someone that have no knowledge of technical analysis, yes trading is not for those that think it's a get rich quick scheme, yes it not for everyone because their are some people that even though they are being taught trading since from childhood, they wouldn't still know anything about it, but just know that in trading, their are people that are born for it, they knows the craft like ABC, even though they get some losses at some point, they will still be profitable, because they know how to manage their risk, so you are right, trading is not for everyone.

Good points, however, apart from these things, the biggest thing is capital. Trading is mainly beneficial for those who have the capital that they can use for trading because even though there is no limitation when it comes to that, someone with a low capital will barely get anything out of trading and they will have to spend a lot of time to increase their capital to an extent that they will be able to get a reasonable amount from their trading.
All other things can be learned, a newbie can learn how to trade in the futures market if they give it time, someone can learn to do technical and fundamental analysis, and one might even learn to stay patient at certain times, but when it comes to capital, one will need to first accumulate money to get that ready and then get into trading.









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carlfebz2
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February 01, 2024, 08:31:01 PM
 #317

I would say yes in so many cases, yes trading of futures is not for newbies, yes trading is not for for someone that have no knowledge of the craft, yes trading is not for an impatience person, yes trading is not for someone that have no knowledge of technical analysis, yes trading is not for those that think it's a get rich quick scheme, yes it not for everyone because their are some people that even though they are being taught trading since from childhood, they wouldn't still know anything about it, but just know that in trading, their are people that are born for it, they knows the craft like ABC, even though they get some losses at some point, they will still be profitable, because they know how to manage their risk, so you are right, trading is not for everyone.

Good points, however, apart from these things, the biggest thing is capital. Trading is mainly beneficial for those who have the capital that they can use for trading because even though there is no limitation when it comes to that, someone with a low capital will barely get anything out of trading and they will have to spend a lot of time to increase their capital to an extent that they will be able to get a reasonable amount from their trading.
All other things can be learned, a newbie can learn how to trade in the futures market if they give it time, someone can learn to do technical and fundamental analysis, and one might even learn to stay patient at certain times, but when it comes to capital, one will need to first accumulate money to get that ready and then get into trading.
Capital is needed and i do agree on what you have said that bigger capital would really be something having that advantage but of course its not something a guaranteed thing that you would succeed on trading field.

It is really just that giving off that kind of edge on making some bigger positions on getting those higher possible profits once you do able to make that right or good trade but of course it would same goes when you would really be able to lose up money too on which we know that this is something that inevitable. Someone could still really that able to make themselves deal up with trading effectively despite on having
that less or small capital that they do have. What matter most on here is that you do really know on how to make yourself that able to sustain for longer runs.

Trading isnt really for everyone just like on other things as well on which no matter how hard you do try but still you do end up on losing despite on the long time
that you are already dealing with it.
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February 01, 2024, 08:56:29 PM
 #318

Day trading or short term trading is not for me at-least and there are much success stories. Even experienced day trader finds it hard to tackle Bitcoin and incur heavy loses. Its always best to invest in Bitcoin for long term since thats the most reliable way to invest in any trading market. Day trading can give you profit occasionally but in the long run you are deemed to lose.

Day trading is not a bad strategy to me anyways. Sometimes the error might be  as a result of not having a proper trading plan. Trading plan covers a whole lot.

Some people trade without a solid plan of maybe day trading or swing trade. If you plan to day trade I think it's best done scalping the market to archive a particular target(inclusive in your trading plan) and after archiving that you close for the day.

Meanwhile swing trades you trade them and allow the trades to bring all what it gats regardless of the period of time it would last. Some people enter scalp trade entries and hope for a big and long term wins which latter bounces back and ends them in a loss. I'm also a victim of this but really trying to correct it though.
 So know the one you belong and hold tight.
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February 02, 2024, 01:42:27 PM
 #319

Both Bitcoin and other altcoins are almost equal when it comes to trading because all other cryptos including Bitcoin fluctuate in price and no one can guarantee or accurately predict when the price of any coin will rise or when the price of Bitcoin will rise. So all coins including Bitcoin are risky when it comes to trading. But if you are thinking of holding then Bitcoin is definitely better because long term investment is more likely to profit from Bitcoin and it is more guaranteed. I am not giving financial advice to anyone. I only mean that Bitcoin has made history so far
Yes Bitcoin will make history in future as it is making history now. But I couldn't agree with you because you said investing or trading in Bitcoin has the same risk as other coins or alt coins.Investing in bitcoins is more convenient and less risky than other coins because the price of bitcoins does not fall suddenly as much as other coins

When the price of Bitcoin falls, it recovers quickly, for which no one is harmed but many gain. Experienced traders or investors will never compare Bitcoin investing or trading with alt coins because they know that trading or investing in Bitcoin is much less risky than other coins.

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February 02, 2024, 11:59:25 PM
 #320

I believe trading is not for everyone, but everyone has all the chances to learn to trade. It’s up to us how we will maximize that opportunities to learn trading so we can also gain the best trading experiences. Because I do believe that those traders who are living in success and good life today are actually not good traders when they are starting, since we all started from the scratch, but due to their willingness to learn and inevitable desire to make profits, they have unlock their potentials and become amazing and incredible traders in the process.

Hence, trading is not actually limited for good and reliable traders only, but everyone is open to trade, provided that they have come to understand the risks, and should exert more hard work and efforts to learn trading and overcome all the risks.

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February 07, 2024, 07:58:52 AM
 #321

Trading isn't a place where you can make easy profit at all. People should understand that Trading always contains risk and Specially you need to have deep knowledge about technical analysis. A single wrong decision can cause big loss. So analysis is very important and need to spend a lots of time for that. Besides trading also a game of patience where you need to hold yourself tightly when you see market moving to opposite direction from your entry and newbie always sold out in such situations

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February 10, 2024, 06:04:46 AM
 #322

I think trading is for everyone. I mean everyone who is ready to take risks, dedicated to learning and honing skills. Maybe you are right that beginners will experience some losses, but for persistent people, it is just a journey to success. In reality, everyone was once a beginner. and everyone experiences the same thing, right?

Just, never buy with the money you need to live. So that if something bad happens, it doesn't affect your situation. and don't forget to do an analysis first. study it first, watching it, and do it slowly until you understand how it works. And be careful about what the media says. mostly it's just creepy icing on the cake.

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February 10, 2024, 09:51:01 AM
 #323

I think trading is for everyone. I mean everyone who is ready to take risks, dedicated to learning and honing skills. Maybe you are right that beginners will experience some losses, but for persistent people, it is just a journey to success. In reality, everyone was once a beginner. and everyone experiences the same thing, right?

Just, never buy with the money you need to live. So that if something bad happens, it doesn't affect your situation. and don't forget to do an analysis first. study it first, watching it, and do it slowly until you understand how it works. And be careful about what the media says. mostly it's just creepy icing on the cake.

Yeah everyone who starts a new journey will experience the same thing, and that's why our preparation should be good enough before we start to take risks like you said lots of people end up using their savings money to spend on risk assets and could end up losing everything. lots of people don't want a long journey to start what they know is when they start trading they will get rich, we can't forbid people to trade instead we should encourage them how to start trading in a good way.

I guess everything related to skills is not meant for everyone cause it is meant for those who want to learn, who want to try something new, who are willing to sacrifice their time, and much more. 


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Vinaa77
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February 10, 2024, 08:20:22 PM
 #324

Trading isn't a place where you can make easy profit at all. People should understand that Trading always contains risk and Specially you need to have deep knowledge about technical analysis. A single wrong decision can cause big loss. So analysis is very important and need to spend a lots of time for that. Besides trading also a game of patience where you need to hold yourself tightly when you see market moving to opposite direction from your entry and newbie always sold out in such situations
It is indeed not an easy thing to be able to make a profit in trading, every person who decides to trade must understand well the risks they will face in trading and also have good knowledge about the trades they make, because if they don't know the right moment Of course, when entering a trade, it will be difficult for them to make a profit and everyone has a different strategy in analyzing market conditions.

Patience is of course very important as is knowledge, if we cannot manage our emotions when trading then it is likely that we will make mistakes when trading which will result in losses in the trade.
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February 11, 2024, 03:23:51 PM
 #325

Even though I am a less active trader, I prefer my own analysis rather than relying on the analysis that other people give, that way if I suffer I can look for my mistakes, and if I am lucky I am proud of my personal abilities, I trade more often with middle distance and I tend to avoid FOMO more

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February 11, 2024, 04:54:24 PM
 #326

Trading involves a lot of risk which is why most people think it is not for everyone. Trading can often be frustrating at the beginning, especially for those who are new to cryptocurrency. There is always risk and volatility involved in trading. You should not trade if you expect to make a profit from trading and if the thought of possible losses does not cross your mind. Because then if you get hurt from trading then you can't take it for granted. It is not acceptable to do trading based only on skill and knowledge. It also requires proper timing. So think carefully before trading.

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February 11, 2024, 05:06:30 PM
 #327

I think trading is for everyone. I mean everyone who is ready to take risks, dedicated to learning and honing skills. Maybe you are right that beginners will experience some losses, but for persistent people, it is just a journey to success. In reality, everyone was once a beginner. and everyone experiences the same thing, right?

Just, never buy with the money you need to live. So that if something bad happens, it doesn't affect your situation. and don't forget to do an analysis first. study it first, watching it, and do it slowly until you understand how it works. And be careful about what the media says. mostly it's just creepy icing on the cake.
trading is not as easy as it seems, and many people think it is easy. In fact, many people give up because they don't make a profit from trading, they even experience deep losses.
Trading has big risks, and can be tried by everyone. However, not everyone will suit it. In fact, I myself sometimes feel like giving up trading because I experience losses. Besides, many of my friends have also tried it, and almost all of them are not suitable for it, and do not dare to take the risk.

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February 11, 2024, 06:30:15 PM
 #328

Trading isn't a place where you can make easy profit at all. People should understand that Trading always contains risk and Specially you need to have deep knowledge about technical analysis. A single wrong decision can cause big loss. So analysis is very important and need to spend a lots of time for that. Besides trading also a game of patience where you need to hold yourself tightly when you see market moving to opposite direction from your entry and newbie always sold out in such situations
It is indeed not an easy thing to be able to make a profit in trading, every person who decides to trade must understand well the risks they will face in trading and also have good knowledge about the trades they make, because if they don't know the right moment Of course, when entering a trade, it will be difficult for them to make a profit and everyone has a different strategy in analyzing market conditions.

Patience is of course very important as is knowledge, if we cannot manage our emotions when trading then it is likely that we will make mistakes when trading which will result in losses in the trade.
Trading is an easy way to earn money for many but in reality it is not easy. Because it is important to remember that trading is a one kind of game. Here everyone enters the field with sufficient knowledge. If someone want to earn money from the wise, a trader must be of such quality that they can earn profit. However, it is not possible for a new trader to acquire all the trading related knowledge at the beginning. He must spend a long time conducting trading activities. Those who patiently start trading after learning the trading related issues will do relatively well in trading but the amount of knowledge and skills required for trading may not be possible for everyone to acquire.

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February 11, 2024, 08:11:21 PM
 #329

Trading involves a lot of risk which is why most people think it is not for everyone. Trading can often be frustrating at the beginning, especially for those who are new to cryptocurrency. There is always risk and volatility involved in trading. You should not trade if you expect to make a profit from trading and if the thought of possible losses does not cross your mind. Because then if you get hurt from trading then you can't take it for granted. It is not acceptable to do trading based only on skill and knowledge. It also requires proper timing. So think carefully before trading.

Anyone who starts trading now can definitely benefit because the cryptocurrency market is booming. So now buying at low price and selling will be floated as the market is going up and profit is sure to come. But not for newbies, newbies will face repeated losses.

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February 12, 2024, 12:28:28 PM
 #330

I think trading is for everyone. I mean everyone who is ready to take risks, dedicated to learning and honing skills. Maybe you are right that beginners will experience some losses, but for persistent people, it is just a journey to success. In reality, everyone was once a beginner. and everyone experiences the same thing, right?

Just, never buy with the money you need to live. So that if something bad happens, it doesn't affect your situation. and don't forget to do an analysis first. study it first, watching it, and do it slowly until you understand how it works. And be careful about what the media says. mostly it's just creepy icing on the cake.
trading is not as easy as it seems, and many people think it is easy. In fact, many people give up because they don't make a profit from trading, they even experience deep losses.
Trading has big risks, and can be tried by everyone. However, not everyone will suit it. In fact, I myself sometimes feel like giving up trading because I experience losses. Besides, many of my friends have also tried it, and almost all of them are not suitable for it, and do not dare to take the risk.
We all can try but that doesn't mean that we all are meant for success. However, the search results show that the majority of the traders had lost more rather than earning a profit. That seems worrying but no wonder it happens because not all who trade are well-prepared. What I mean is that many people enter trading without knowledge and lack of preparation having no way of success. Perhaps, it should be a learning experience that we don't underestimate trading because this is too difficult when we don't have an idea how it works. And must secure the needed tools before making a journey here just to have a bigger chance of achieving success.

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February 13, 2024, 07:05:38 PM
 #331

Trading is you having and trusting in your edge and discipline.Everyone can be profitable in trading if you just have the right approach.
Trading is not limited to anyone or certain group of persons.

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February 16, 2024, 12:16:51 PM
 #332

You should not trade if you expect to make a profit from trading and if the thought of possible losses does not cross your mind. Because then if you get hurt from trading then you can't take it for granted. It is not acceptable to do trading based only on skill and knowledge. It also requires proper timing. So think carefully before trading.

Trading has lost and profits therefore a trader needs to be ready for any of them that he gets. You can get profits and also get losses but you shouldn't quit because you got lost. You can learn trading without not knowing about trading before therefore anyone that wants to learn how to trade can learn. Don't be afraid of trading because everyone can learn trading, you won't know you can become a good trader if you don't start learning how to trade first to see how good you can become. Trading depends on how skillful you're to speculate how a market will move. With your experience and good timing you can make profits from trading any cryptocurrency. Some traders are good that they can trade shitcoins and memecoins but still make profits therefore don't just say you can't trade until you have try learning trading and not succeed.

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February 17, 2024, 04:16:36 AM
 #333

Trading is you having and trusting in your edge and discipline.Everyone can be profitable in trading if you just have the right approach.
Trading is not limited to anyone or certain group of persons.
Of course anyone will be able to trade, the most important thing is that they can be disciplined in looking at market conditions and can analyze the market well so as not to make the wrong decision in trading and also we must be able to analyze the type of coin we are going to trade so that after we buy it we won't be able to take advantage of the trading that we do, so to be able to take advantage of trading we have to be really disciplined in looking at market conditions to be able to take advantage of trading.
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February 17, 2024, 03:50:33 PM
 #334

Did you know that no trader ever share there loss in the market other than the profit they make everyday every hour the success

Just imagine if they ever share how much they loses a week a month a year you would be happy you don't trade

If you cant afford to lose your money don't ever think of trading because you might end up losing your life when you are in debt because of trading
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February 17, 2024, 06:22:33 PM
 #335

Trading is you having and trusting in your edge and discipline.Everyone can be profitable in trading if you just have the right approach.
Trading is not limited to anyone or certain group of persons.
Of course anyone will be able to trade, the most important thing is that they can be disciplined in looking at market conditions and can analyze the market well so as not to make the wrong decision in trading and also we must be able to analyze the type of coin we are going to trade so that after we buy it we won't be able to take advantage of the trading that we do, so to be able to take advantage of trading we have to be really disciplined in looking at market conditions to be able to take advantage of trading.

Anyone can trade, that’s true. But not all can make profits and we need to admit this. Trading should be done after good amount of practice and theoretical knowledge. If you lack both of these, then sadly you can’t make good profits I can say. Also trading should be done with the amount that you can afford to lose. This is the important factor, as all the newbies need to understand this. At last trading is not a shortcut to make huge money. Unlike other jobs, it requires some skills also.

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February 20, 2024, 03:25:53 PM
 #336

Even a non Educational human knows this and can tell that trading is not for everyone

Ok here is how it goes with when I started trading, I learnt from a friend that was also learning, Now you see how funny it it , me learning from a learner but I choose to learn from him cause i see that zeal in him that he really needs it but that does mean we're not entitled to have a loss ... Now I loss not up to $50 as of then as a newbie but did I stop nope cause I have this feelings that I can if others are but that does mean you should follow my footsteps...smile

You just have to advice your and know your capacity of funds before going into trading but if you're not ready there's always another time

A road was not build in a day
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February 23, 2024, 05:49:51 PM
 #337

Trading isn't a place where you can make easy profit at all. People should understand that Trading always contains risk and Specially you need to have deep knowledge about technical analysis. A single wrong decision can cause big loss. So analysis is very important and need to spend a lots of time for that. Besides trading also a game of patience where you need to hold yourself tightly when you see market moving to opposite direction from your entry and newbie always sold out in such situations
The rate at which people want to be trader and make money from the market easily with learning or stress of understanding the market is very irrational to think about. Newbies want to mimic the patterns professional traders uses to trade in the market but they are not patient to learn the necessary things and stick to rule. Discipline is one of the things that can help us to be a better trader in the market and staying out of greed. If we know what we are doing and how to position ourselves to make money with discipline, we are not going to have issues.









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February 23, 2024, 08:14:36 PM
 #338

Did you know that no trader ever share there loss in the market other than the profit they make everyday every hour the success
That's true because all they share are their wins. But for those that are in the social media, most of them don't want to share their losses because that will give them bad impression.

Just imagine if they ever share how much they loses a week a month a year you would be happy you don't trade
They wouldn't be happy to share that because it will affect their reputation especially if they have a strong social media presence.

If you cant afford to lose your money don't ever think of trading because you might end up losing your life when you are in debt because of trading
And instead of trading, they can change their coarse into holding and investing which is much better.



 

 

 

 

 

 


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March 05, 2024, 02:22:04 AM
 #339

Actually trading is not for everyone, I agree with you because not everyone can do trading.  However, even if you complete the course, your loss will not be much because trading depends on your complete luck and your understanding.  no  In that case, if you want to get a good profit, a good course is a two or three year course that you have to do with your mind. Even after doing it with your mind, your profit will come. It is not right because you can lose. In that case, your loss will be a little less and your profit will be some  Training is not for everyone because after two days of training you will lose more than you gain.
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March 05, 2024, 03:08:27 PM
 #340

Yes, as the phrase goes, not all fingers are equal. The same is true for trading; everyone is not made to trade, and while some may learn, that does not mean it is for everyone. It takes a special kind of individual to be able to deal with the stress and strain that comes with trading. It is also not something that can be done part-time; to be effective, you must commit to it full-time. Many individuals believe that trading is a get-rich-quick plan, but it is quite the opposite. Most traders lose money over time, and being lucrative requires a significant amount of time and work. It is also critical to understand how to manage one's emotions when trading.
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March 06, 2024, 02:07:05 AM
 #341

After looking at the market and the current price of bitcoin, I see that bull run is till going to hit bitcoin to 100k. so I just bought a few dollars just to make little profit. I know I didn’t buy earlier because I was not advised to do so and I’ve been waiting for the bullish market but no one to Put me through, so after doing my analysis, I realize that if I buy now I can also make profit before bullish markets is over, You can decide to buy if you want. To my opinion, I don’t think it will be a lost that is only if you want to pull out your money immediately after the bullish market.
Yes, Trading is not actually for everyone because what I am actually doing right now is a risk because I was supposed to buy earlier now I am buying it because I wasn’t aware.
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March 06, 2024, 09:01:20 PM
Merited by Zadicar (1)
 #342

After looking at the market and the current price of bitcoin, I see that bull run is till going to hit bitcoin to 100k. so I just bought a few dollars just to make little profit. I know I didn’t buy earlier because I was not advised to do so and I’ve been waiting for the bullish market but no one to Put me through, so after doing my analysis, I realize that if I buy now I can also make profit before bullish markets is over, You can decide to buy if you want. To my opinion, I don’t think it will be a lost that is only if you want to pull out your money immediately after the bullish market.
Yes, Trading is not actually for everyone because what I am actually doing right now is a risk because I was supposed to buy earlier now I am buying it because I wasn’t aware.

Things you should realize first;

1. Dont tend to wait up for some advise, explore things on your own and find out which method or things that would suits you.
2. Buy Low Sell high which is the most basic step but not something simple
3. Take profits when you are in green
4. Dont be greedy, always set out those profit taking

In speaking about trading is not for everyone then there are really things which arent really that something that for us
but we cant really be able to make things know not unless we do try.

R


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March 08, 2024, 07:16:24 PM
 #343

Yes, actually this has been my advice to some of mine friends and some people around me trying to ask for advice for trading Dude, they just want to know more about trading, and they don’t have the capability and the time for trading Trading is something you need to put more attention and focus so actually, Trading has not been good for even people that is paying attention to it so when you have no much attention, and you just had about Trading and you want to trade it’s really not for everyone because you may not make it



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March 08, 2024, 11:58:41 PM
 #344

Trading is for pep that knows how to trade and I've been trading for a while with the normal risk management.
Risk management is something that we need to understand so that we don't end up losing in the market.
Trading is very important for those of use that have been trading for long and I've been making profits.
It is good we study ourselves and know the kid. If trading that is best for us to maintain.









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Mars,           
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March 12, 2024, 09:31:26 PM
 #345

Trading is for pep that knows how to trade and I've been trading for a while with the normal risk management.
Risk management is something that we need to understand so that we don't end up losing in the market.
Trading is very important for those of use that have been trading for long and I've been making profits.
It is good we study ourselves and know the kid. If trading that is best for us to maintain.

      Trading is really important to traders who benefit from it in short-term and long-term activity in this matter. But for people who don't know anything about this field, of course it doesn't matter to them because it doesn't benefit them.

Because it will only have value when we see that it will really help us in reality, and when that happens of course we will study and learn it with all our hearts with willingness and dedication.

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March 12, 2024, 10:13:10 PM
 #346

I think all things apply to everyone, one of which is about the world of trading, but the problem is that not everyone is able to go through all the processes that exist in this trading, because there are so many things that must be prepared and owned by traders, for me trading is like you build a company within yourself where you are the boss who has rules and capital and you are also the employee who works to make profits along with other things such as prohibitions that must be avoided, and in various cases usually what is always a problem is when they are unable to keep the rules along with the prohibitions that they have previously made.

Like not complying with risk management such as stop loss and take profit, usually greed and inability to control themselves are always a problem in general for most traders, this is what I always find that ultimately makes a trader end up with a lot of losses. So when you want to become a successful trader then you need to have a few things in yourself, first the most important thing is to control yourself in various situations, especially when you experience losses and secondly want to learn or learn many new things to increase your knowledge and insight.

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March 14, 2024, 09:02:32 AM
 #347

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.

Yes that is true trading is not for everybody it can be very complex and complicated even to old and  experience ones and it involves lot of emotional devastation where the risk are too high and not everyone can possibly handle it without ending up so badly, every individual should be able to understand it's level of risk tolerance and determine the kind of involvement that is deem fit for them. you must not do it because that what everybody is doing or talking about.

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March 14, 2024, 09:28:02 AM
 #348

Yes, actually this has been my advice to some of mine friends and some people around me trying to ask for advice for trading Dude, they just want to know more about trading, and they don’t have the capability and the time for trading Trading is something you need to put more attention and focus so actually, Trading has not been good for even people that is paying attention to it so when you have no much attention, and you just had about Trading and you want to trade it’s really not for everyone because you may not make it
well, if trading was for everyone, then everyone involved in trading would get big profits. However, I think that trading is a skill, and not everyone is suited to it.
There are lots of examples out there. People try to trade because of the hype, or want to learn, but when they try, they take losses and feel that it is not for them. maybe they can learn, but I think trading also has big risks, and not everyone is able to accept these risks.

.SUGAR.
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wiss19
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March 16, 2024, 02:25:53 PM
 #349

Trading is for pep that knows how to trade and I've been trading for a while with the normal risk management.
Risk management is something that we need to understand so that we don't end up losing in the market.
Trading is very important for those of use that have been trading for long and I've been making profits.
It is good we study ourselves and know the kid. If trading that is best for us to maintain.

      Trading is really important to traders who benefit from it in short-term and long-term activity in this matter. But for people who don't know anything about this field, of course it doesn't matter to them because it doesn't benefit them.

Because it will only have value when we see that it will really help us in reality, and when that happens of course we will study and learn it with all our hearts with willingness and dedication.
Crypto trading is now popular and there are new people who are interested on it because they think it's so profitable but not all of them can benefit on it either in short or long term. Of course this doesn't mean that trading is now useless but the problem is only from them. Maybe they didn't try their best? Some will say they do, and so then why they did not succeed?

It's like the same as those people who whine that they eat and work out properly but expert on those field prove them wrong. This is where they introduce a tracker. We need to journalize what we do and see if where did we lack and this is where we start on improving them.

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Zanab247
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March 16, 2024, 06:47:30 PM
 #350

When you make your choice to invest in a potential projects, you will have the opportunity to earn something nice from the project but if you by mistake invest in a new project you don't have idea about, it will be difficult for you to earn good profits from the project.

If you have the knowledge of Trading, I guess trading is for you because you will know all the strategy traders are using to earn big money that will increase their profits and also encourage them to make the same coin their choice in the future..

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March 19, 2024, 10:34:28 PM
 #351

Trading is for pep that knows how to trade and I've been trading for a while with the normal risk management.
Risk management is something that we need to understand so that we don't end up losing in the market.
Trading is very important for those of use that have been trading for long and I've been making profits.
It is good we study ourselves and know the kid. If trading that is best for us to maintain.
And if that's the case, folks shouldn't even try it out because it's meant for those who are proficient in solo trading. However, the reality is that trading is open to anyone, so there shouldn't be any issues if you choose to do so and have the mental capacity to do so. To begin with, you may demonstrate risk management to them. Many individuals are curious, but they are unwilling to invest in education because they won't be aware of all the precautions that need to be taken. If it weren't for the fact that some people lack patience, they would begin and eventually quit because they don't want to deal with tension. It's never a bad thing to be curious, particularly when it comes to trading.

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March 20, 2024, 01:26:23 PM
 #352

I think trading is applicable for everyone if everyone is experienced in trading. Becoming experienced in trading requires a lot of market analysis and research. But those who involve themselves in trading or trading any coin should trade with risk acceptance as there is a lot of risk involved in trading. The first thing we traders need to know is what causes the price of coins to rise or fall in the cryptocurrency market. Coin prices often fluctuate due to market volume potential. A common wisdom we should keep in mind while trading any coin is to buy the coin low and sell it high. The most common mistake among us newbies is that they are in a rush to trade which results in buying a coin when the price is high and even making a loss when the price of the coin goes down.

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March 20, 2024, 02:15:26 PM
 #353

I think trading is applicable for everyone if everyone is experienced in trading. Becoming experienced in trading requires a lot of market analysis and research. But those who involve themselves in trading or trading any coin should trade with risk acceptance as there is a lot of risk involved in trading. The first thing we traders need to know is what causes the price of coins to rise or fall in the cryptocurrency market. Coin prices often fluctuate due to market volume potential. A common wisdom we should keep in mind while trading any coin is to buy the coin low and sell it high. The most common mistake among us newbies is that they are in a rush to trade which results in buying a coin when the price is high and even making a loss when the price of the coin goes down.

Can be done by everyone but not all succeed on their careers on trading since a lot of people lose on their trade because they didn't manage to increase up their knowledge and they always rely on basic information they know for thinking they can earn easy money on trading and reading some helpful articles is just a waste of their time. They forgot to do those things and increase their learnings that's why this type of guys usually quit because they lose their money and more worst they didn't get any positive result on the actions done.

Market always fluctuates and that make trading risky and unpredictable also if they want to succeed they must do all necessary action so they can get more positive result and can say that trading is meant to be for them.

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March 20, 2024, 02:28:04 PM
 #354

 It is an educated thing that the work of the same template means that if you want to do up trading, you must first learn each trading method and then you will be able to do up trading like should also know about the small fundamental news that will keep you updated with the market and reduce your risk and profit. This very good strategy I am also use this strategy in trading and other investment.
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March 25, 2024, 01:10:09 AM
 #355

Trading is not for everyone, not everyone is ready to take the risk involved in trading, a friend of mine once lost everything to trade sometimes ago in 2022 ,tho he didn't have the experience, he only got to know the foundation and after trading on demo he decided to go for the trading proper, but after that loss he was discouraged, and quited trading for a year plus, most persons easily get discouraged when their first attempt is not fruitful, which shouldn't be so, when it comes to trading each profit or loss serves as an experience which will prepare you for the next trade.
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March 26, 2024, 11:02:59 PM
 #356

Yes, actually this has been my advice to some of mine friends and some people around me trying to ask for advice for trading Dude, they just want to know more about trading, and they don’t have the capability and the time for trading Trading is something you need to put more attention and focus so actually, Trading has not been good for even people that is paying attention to it so when you have no much attention, and you just had about Trading and you want to trade it’s really not for everyone because you may not make it
Trading is very critical trading requires good funds and patience first. After that something else, technical analysis will be required.  Because a person who doesn't have enough funds and patience to trade is foolish to think about other things. Trading is a very difficult thing so it is an old truth that trading is not for everyone. so those who do not have a good idea about trading should not jump into trading.  And trading should not be taken seriously as a source of income



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March 27, 2024, 02:10:14 PM
 #357

I think trading is applicable for everyone if everyone is experienced in trading. Becoming experienced in trading requires a lot of market analysis and research. But those who involve themselves in trading or trading any coin should trade with risk acceptance as there is a lot of risk involved in trading. The first thing we traders need to know is what causes the price of coins to rise or fall in the cryptocurrency market. Coin prices often fluctuate due to market volume potential. A common wisdom we should keep in mind while trading any coin is to buy the coin low and sell it high. The most common mistake among us newbies is that they are in a rush to trade which results in buying a coin when the price is high and even making a loss when the price of the coin goes down.

Trading is for everyone it is an open space so anyone interested can try out their luck and if it favors the person, the aspect of analysis is one thing you can not escape because that will determine the result of your trading and you need a good foundation to be able to extract profit from trading. It is not easy but when you look at the money you will be making from it, you won't give yourself a choice but to just learn, because having a degree now is becoming normal. Anyone who is introducing you to trading will sincerely tell you about the risk behind trading but naturally, I love risk if I will eventually make money.

The nature of bitcoin makes it more interesting because it is not stable and you can make money either if the market is down or going up, depending on what you're staking at the moment.

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April 11, 2024, 11:39:09 PM
 #358

first of all a person need to brave enough for being a trader. Afraid of losing money can't let you be a good trader cause trading can't be imagined without risk and There's no doubt that everybody can be a trader and i already exprience that. I learn some trading skill and started trading and most of time i did loss in trading. Then i realized that, trading isn't that much easy. Without proper learning, a person can't make profit from trading but loss his money

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April 12, 2024, 06:01:00 PM
 #359

Trading is very critical trading requires good funds and patience first. After that something else, technical analysis will be required.  Because a person who doesn't have enough funds and patience to trade is foolish to think about other things. Trading is a very difficult thing so it is an old truth that trading is not for everyone. so those who do not have a good idea about trading should not jump into trading.  And trading should not be taken seriously as a source of income
When someone has patience in trading, of course they will be able to trade easily and can make a profit on the trades they make because they can first analyze the trades they make so that they can make the right decisions on the trades they make.
You are right, not everyone can trade because there are many things that need to be prepared so that someone can trade and make a profit because if they cannot analyze the market well of course they will fail in the trades they make.

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April 12, 2024, 08:39:46 PM
 #360

Yes, actually this has been my advice to some of mine friends and some people around me trying to ask for advice for trading Dude, they just want to know more about trading, and they don’t have the capability and the time for trading Trading is something you need to put more attention and focus so actually, Trading has not been good for even people that is paying attention to it so when you have no much attention, and you just had about Trading and you want to trade it’s really not for everyone because you may not make it
There is need we need to tell people especially someone that we are very sure that is greedy to not pick an ok offense from that so they can take their mind from trading Trading is very risky and we need to do things as a trader that will take our mind from being a greedy person because that is where the problem mostly comes from. There are lots of things to learn from trading and some new traders might not be aware of that since they don't have a sponsor or someone that is a pro trader that could be giving them the advise to learn very well before trading.









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April 12, 2024, 08:55:40 PM
 #361

first of all a person need to brave enough for being a trader. Afraid of losing money can't let you be a good trader cause trading can't be imagined without risk and There's no doubt that everybody can be a trader and i already exprience that. I learn some trading skill and started trading and most of time i did loss in trading. Then i realized that, trading isn't that much easy. Without proper learning, a person can't make profit from trading but loss his money
Of course, someone must be brave to take the risks in trading when he decides to do it. Trading isn't an easy matter, it requires sufficient knowledge and experience. But sometimes this also doesn't guarantee profits, we still have a chance to lose money. So, a person never joins trading if he isn't brave enough.

However, I think a person also needs to be smart if he wants to be a trader. That's why knowledge has a crucial role here. Only smart traders who can get profits in any condition of crypto market. If a trader isn't smart, it is difficult to get profits due to an easy change of trends in crypto market.



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April 13, 2024, 05:04:58 PM
 #362

Without proper learning, a person can't make profit from trading but loss his money
Of course, someone must be brave to take the risks in trading when he decides to do it. Trading isn't an easy matter, it requires sufficient knowledge and experience. But sometimes this also doesn't guarantee profits, we still have a chance to lose money. So, a person never joins trading if he isn't brave enough.

Well yes, it's not only the knowledge, not also the psychology, but your reason of trading. How dedicated are you to succeed on this? Can you take years of losses before being profitable? Or are you in this just for fun? You see you won't succeed on this treating it like a hobby. This should be treated like a business which needs to be sharpen over and over again. It's necessary to have a mental fortitude to overcome challenges whenever it arises. Because if you don't, you will shrink to the bottom of your problems.

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April 13, 2024, 07:55:11 PM
 #363

I agree with your title that it's not fair to joke about trading to waste money. In fact you need to practice a lot to understand and profit from trading. Moreover initially you will lose a lot of money but when you trade successfully you will gain. I myself took losses many times in the beginning but now i avoid the amount of losses. The beginning of my involvement in cryptocurrency was investment and i invested a lot in ico projects and it used to have the best profit margin. It was really a fun and interesting experience for me.


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April 18, 2024, 10:58:44 PM
 #364

Without proper learning, a person can't make profit from trading but loss his money
Of course, someone must be brave to take the risks in trading when he decides to do it. Trading isn't an easy matter, it requires sufficient knowledge and experience. But sometimes this also doesn't guarantee profits, we still have a chance to lose money. So, a person never joins trading if he isn't brave enough.
Well yes, it's not only the knowledge, not also the psychology, but your reason of trading. How dedicated are you to succeed on this? Can you take years of losses before being profitable? Or are you in this just for fun? You see you won't succeed on this treating it like a hobby. This should be treated like a business which needs to be sharpen over and over again. It's necessary to have a mental fortitude to overcome challenges whenever it arises. Because if you don't, you will shrink to the bottom of your problems.
that's True but a traders learn most of the time from his previous experience. Which is also enhance his knowledge about trading. Even yeah, trading also another name of patient or mental thing where you shouldn't panic sale but need to wait for perfect time. But it doesn't mean, you can't sell your share in loss. Cause situation won't allow to win always and sometime you have to dumped your token for loss to prevent big loss.

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April 19, 2024, 01:42:10 AM
 #365

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.

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April 19, 2024, 02:52:51 AM
 #366

Yes, actually this has been my advice to some of mine friends and some people around me trying to ask for advice for trading Dude, they just want to know more about trading, and they don’t have the capability and the time for trading Trading is something you need to put more attention and focus so actually, Trading has not been good for even people that is paying attention to it so when you have no much attention, and you just had about Trading and you want to trade it’s really not for everyone because you may not make it
There is need we need to tell people especially someone that we are very sure that is greedy to not pick an ok offense from that so they can take their mind from trading Trading is very risky and we need to do things as a trader that will take our mind from being a greedy person because that is where the problem mostly comes from. There are lots of things to learn from trading and some new traders might not be aware of that since they don't have a sponsor or someone that is a pro trader that could be giving them the advise to learn very well before trading.
Trading is definitely risky and there is a lot to learn about trading. The journey of trading is very difficult for those who basically know everything about trading, but for those who do not care and only think that they will earn profit by trading, the path of trading is easy. Trading where a decision has to be made based on chart and candlestick observation. If there is a mistake in chart observation, many times it is seen that money is damaged in trading. Again, it can be seen that if you observe the chart correctly, the market moves in the opposite direction due to the volatility of the market. Trading is not limited only to chart observation but every trader has to take risk in trading, be patient and wait for good time, buy at right time sell at right time. All this is certainly not easy which is why trading is considered a tough job.

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April 19, 2024, 03:07:53 AM
 #367

Yes, actually this has been my advice to some of mine friends and some people around me trying to ask for advice for trading Dude, they just want to know more about trading, and they don’t have the capability and the time for trading Trading is something you need to put more attention and focus so actually, Trading has not been good for even people that is paying attention to it so when you have no much attention, and you just had about Trading and you want to trade it’s really not for everyone because you may not make it
There is need we need to tell people especially someone that we are very sure that is greedy to not pick an ok offense from that so they can take their mind from trading Trading is very risky and we need to do things as a trader that will take our mind from being a greedy person because that is where the problem mostly comes from. There are lots of things to learn from trading and some new traders might not be aware of that since they don't have a sponsor or someone that is a pro trader that could be giving them the advise to learn very well before trading.
Trading is definitely risky and there is a lot to learn about trading. The journey of trading is very difficult for those who basically know everything about trading, but for those who do not care and only think that they will earn profit by trading, the path of trading is easy. Trading where a decision has to be made based on chart and candlestick observation. If there is a mistake in chart observation, many times it is seen that money is damaged in trading. Again, it can be seen that if you observe the chart correctly, the market moves in the opposite direction due to the volatility of the market. Trading is not limited only to chart observation but every trader has to take risk in trading, be patient and wait for good time, buy at right time sell at right time. All this is certainly not easy which is why trading is considered a tough job.
Trading is easy when one has enough money and losing it is not a problem.  And when one does not trade with any fear. Trading in a relaxed mode with a cool head can be fun as well as income from trading. Trading can be called like stock business because in stock trading you buy and hold a commodity and sell it when the price rises. trading is also the same where only digital coins are bought, held and sold. so trading is for those who have enough power to accept the profit and loss of trade and have a good understanding of the market


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April 19, 2024, 08:07:07 AM
 #368

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.
Not everyone can earn from trading, there are very few people who can earn from trading. Sometimes, despite having experience, many trade and fall into huge losses. I am not used to trading, since you have been involved in trading industry you have done many trades but you have not seen any profit, I think you lacked in learning trading. It is true that most of the time trading is loss, but if you can learn trading properly then at least you will not lose all from here. Trading basically requires patience if you are patient in whatever you do you will be successful there.  Since you have invested when bitcoin price $70k you have to test extreme patience as you expect good profit from it. Without patience and proper analysis of the market, you can sell your bitcoins at a loss. So you have to proceed with the next steps very carefully.

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April 19, 2024, 08:45:52 AM
 #369

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.
Yes, trading is not for everyone but investing is for everyone. To trade one needs to acquire enough knowledge about trading, learn to analyze the market, buy coins at right time and sell coins at right time. But if you invest and hold patiently you can profit. Now you say you have never made a profit by trading, only faced losses. I think you should invest instead of trading. But those who became professional traders, like you faced losses in the beginning and gradually they became professional traders. If you want to do trading then you need to acquire more knowledge about trading. However you bought $71k worth of bitcoins, you hold patiently and hope you can recover if you hold.

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April 20, 2024, 10:54:34 PM
 #370

OP,  holding is also difficult task for newbies cause without proper knowledge, it is difficult to set the point where to buy. Holding top potential altcoins may safe you for lossing much but trading is so challenging like a Battle and a newcomer has 90% possibility to lose. So a person new to teach himself about trading first and make himself capable enough to make it work in trading. Shouldn't jump in high risk trading without any signs or something what indicates it'll be in your flavor. Thus a new trader can survive with minor losses. But its tricky when price of that traded altcoin, enter into correction zone and need to decide whatever you need to stay or close position

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April 21, 2024, 08:24:19 AM
 #371

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.
Not everyone can earn from trading To earn in trading, you need experience. Beginners should give importance to learning about trading because if they start trading without experience then they might get hurt just like you. You made a mistake in your trading due to which you suffered, maybe later on you will learn from this mistake and become experienced about trading and you will be able to profit from trading later on.

As you said recently you bought bitcoin when the price of bitcoin was 70 thousand dollars. Now the price of Bitcoin has come down from there by 5000 dollars that is 65 thousand dollars. You bought bitcoin at 70k when you were in a loss and you are now in a bigger loss because the price of bitcoin has dropped further. But there is still time for you because there is nothing to worry about investing in bitcoins if you can hold it patiently for a long time then at some point you will make up those losses.

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April 21, 2024, 09:08:53 AM
 #372

Just another piece of advise to newbies that just starting their journey with cryptocurrency, crypto trading is not for everyone. If you are unsure of your capabilities to trade it will be beneficial to you to just buy and hold, and be taking each opportunity of every dip on the market to Dollar -Cost-Average.

You're peacefully on track, and not losing out on anything. Trading has sent a bunch of persons back to their past. Cheesy

There is a time for everything, and the bull market is usually the time for holders. I am sure when the bull market returns as we're expecting, if you hold good project's you will make a good profit.

Don't follow the crowd, follow what has profitably proven to work for you. In cryptocurrency market it is time that makes the difference in our profit-making.
Yeah you are right this is not for everyone, trading is very hard and not all of the people who do trading has earn it is still depend on the luck of the person who do trading, even a simple buy and hold task is not that simple and not for everyone, because we don't have the same patience the same sight and plan on our investment or trading works so we have also different earnings and loses and trading is not really for everyone.


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April 25, 2024, 07:24:14 AM
 #373

so why bother to trade when your knowledge and skills are not sufficient enough to make trading work.
It's because newbie traders mind tells trading is the way to get out of a poor life. Their mind is full positivity, and positive emotions where even they don't have enough knowledge in trading they think that it's easy. It's also what mostly mentors taught that you will be rich in trading, and that's what I also taught before. Realistically, it's possible to happen but if you only have a small amount of funds it's difficult to be in that place because you're not always win in trading,  there's no always a good setup in the market, and sometimes you experience a couple of loses. And that's what I see in trading that make our dreams to hold but we have to pursue trading especially if we are profitable because you will only fail if you quit.

You're actually right , everyone thinks learning trading will automatically change their life . but if you are sure and consistent with what you are doing,because not everyone can learn trading there's a lot of mistakes and misfortune in trading.there is time for everything just hold on patiently ..
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April 25, 2024, 08:31:34 AM
 #374

Strategies dont make good traders. Psychology does. Know this and Know peace
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April 25, 2024, 09:15:30 AM
 #375

Actually trading is not for everyone but only those who have special experience in trading can get profit in trading.  This is the case in my case because I have never made a profit from any of the trades I have done so far but have faced losses in all my trades.  Lately I've bought over $70k worth of Bitcoin at a loss and see no other option than my long term holdings.
Yes, trading is not for everyone. Trading is like any other job, which also requires certain criteria. After all, not everyone can be a manager, or maybe a footballer, or something else. it requires hard work to get to a certain point. However, this is the same as trading, you need to learn, and work hard to become a professional trader. Many people give up when they see that trading is actually very difficult and full of risks.


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April 25, 2024, 05:03:48 PM
 #376

I came to know about cryptocurrency a few years back. Since then I have a strong desire that I will also be involved in trading. Since then I have watched various videos on trading with many adversities. But I have never been able to gain complete knowledge and for those like me who scarcely go out and can not expect to be in contact with an experienced mentor, the subject of trading remains elusive. So it's very poignant that maybe trading isn't for me.

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Bushdark
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Eloncoin.org - Mars, here we come!


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April 25, 2024, 06:06:55 PM
 #377

Without proper learning, a person can't make profit from trading but loss his money
Of course, someone must be brave to take the risks in trading when he decides to do it. Trading isn't an easy matter, it requires sufficient knowledge and experience. But sometimes this also doesn't guarantee profits, we still have a chance to lose money. So, a person never joins trading if he isn't brave enough.

Well yes, it's not only the knowledge, not also the psychology, but your reason of trading. How dedicated are you to succeed on this? Can you take years of losses before being profitable? Or are you in this just for fun? You see you won't succeed on this treating it like a hobby. This should be treated like a business which needs to be sharpen over and over again. It's necessary to have a mental fortitude to overcome challenges whenever it arises. Because if you don't, you will shrink to the bottom of your problems.
I think there are still people that do not know that trading is not for them. Trading is all about being patient and learning with time.
We don't need to rush for the sake of learning. Learning supposed to bring exploration which is how we could make money from trading and not trying to do it by all means. We should always remember thay ww tend to lose monwy in trading if we don't know what to do and how to go about it. It is very important for us to gain benefits and earn from trading when we have become a pro trader.









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Mars,           
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.
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happen or be a part of it"

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