kawetsriyanto
Legendary
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Merit: 1139
duelbits.com
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September 15, 2023, 07:56:01 PM |
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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 |
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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.
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Dickiy
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September 16, 2023, 02:11:30 PM |
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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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|MINER|
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September 16, 2023, 04:42:56 PM |
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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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JunaidAzizi
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September 16, 2023, 06:39:48 PM |
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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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cute nmp
Jr. Member
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Activity: 1848
Merit: 3
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September 16, 2023, 06:57:01 PM |
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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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AakZaki
Legendary
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Activity: 2338
Merit: 1084
zknodes.org
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September 16, 2023, 08:00:18 PM |
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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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TelolettOm
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September 16, 2023, 09:07:06 PM |
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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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BabyBandit
Member
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Activity: 392
Merit: 90
The forum of keyboard warriors & crypto pro's!
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September 17, 2023, 01:00:21 AM |
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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. 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.
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kingvirtus09
Full Member
Offline
Activity: 938
Merit: 108
OrangeFren.com
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September 17, 2023, 10:33:01 AM |
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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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Ricardo11
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September 17, 2023, 02:05:54 PM |
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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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savetheFORUM
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September 18, 2023, 06:04:40 AM |
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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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Altryist
Legendary
Offline
Activity: 2254
Merit: 1413
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September 18, 2023, 03:00:12 PM |
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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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Nrcewker
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September 18, 2023, 05:24:20 PM |
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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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carlisle1
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September 18, 2023, 10:45:52 PM |
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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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TelolettOm
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September 18, 2023, 10:54:31 PM |
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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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Sexylizzy2813
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September 18, 2023, 11:57:18 PM |
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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.
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xSkylarx
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September 19, 2023, 04:12:53 AM |
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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.
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uswa56
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September 19, 2023, 04:47:48 AM |
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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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Sexylizzy2813
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September 19, 2023, 06:53:49 AM |
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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.
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